Jun 112026
 
 June 11, 2026  Posted by at 10:12 am Finance Tagged with: , , , , , , , ,  28 Responses »


Andrew Wyeth Clouds and Shadow 1940


Trump Warns: “We’ll Bomb the Shit Out of Them” if No Deal (ZH)
Trump Says “US Will Be Attacking Iran Hard Again Today”, Oil Spikes (ZH)
Trump ‘May Keep Going’ With Strikes As Iran Took ‘Too Long’ With Deal (ZH)
Don’t Panic About Trump’s Iran Strategy Just Yet (Kurt Schlichter)
Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War (RPI)
The IPO Boom: Where Will the Money Come From? (Michael Lebowitz)
Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds (ZH)
AI Price Wars Begin: OpenAI Considers “Drastic Price Cuts” (ZH)
Netanyahu Faces Election Chaos as Knesset Moves to Tear Itself Down (Queen)
President Trump Delivers Shocking Response to Question About USMCA Renewal (CTH)
Interesting Names Being Floated for Permanent DNI Role (CTH)
Why America Sucks at Soccer (Rick Moran)

 


 

 


 


I expected a lot of articles, what with the war re-engaging plus the upcoming SpaceX IPO. But…

Trump Warns: “We’ll Bomb the Shit Out of Them” if No Deal (ZH)

Fox News’ Trey Yingst has issued a new reporting update, quickly on the heels of a fresh Trump-ordered bombing of Iran. He says: “I asked the president what will happen if the Iranians don’t sign an agreement that was put forward by American negotiators. President Trump said, ‘We’ll bomb the shit out of them tomorrow night.'” The president declared “we’ll bomb them to rubble” again tomorrow night if there is no deal by then.


US MILITARY SAYS IT HAS COMPLETED LATEST STRIKES IN IRAN

Tonight’s aggression has prompted Tehran to once again declare the Strait of Hormuz closed to “all types of vessels”. Bombs have not yet fallen directly on the capital, but reportedly outside of it. This could quickly change. Importantly concerning Trump’s latest claims, Iranian leadership is denying that it engaged Trump directly tonight. The highlights from Fox’s Yingst:

  • The President told me he spoke directly with Iranian officials tonight who asked him to stop bombing.
  • 49 Tomahawk missiles had been fired by the United States at the time we spoke, along with bombing from fighter jets.
  • Closest target to Tehran was approximately 40 miles outside of the city.
  • Trump added that the bombing will stop shortly, but that if they don’t sign the agreement, “we’ll bomb the shit out of them.”
  • President Trump called this “the most violated ceasefire in the history of the world.”
  • Vice President JD Vance told me the United States is dealing with both moderate and more extreme voices in Iran as part of the negotiation process.

Tasnim is now reporging fresh Iranian counter-attacks on US bases across the Gulf, with multiple explosions being reported at American bases in Kuwait and Bahrain. The IRGC is now claiming to have struck 18 US military targets in two waves.

Bahrain is where a key naval command headquarters is located, and the Iranians are newly claiming a direct targeted strike on the US Navy’s Fifth Fleet headquarters. We are once again witnessing the ‘escalation ladder’ ramp up, and negotiations seem in reality nowhere on the horizon. This could be the start of several more days of strikes and counter-attacks to come, as Tehran is not so easily going to come back to the negotiating table, hat in hand. But it seems the White House is still betting on this, though risk and unpredictability are skyrocketing at this stage.

Newly emerged widely circulating video shows an Iranian Cold War-era relic still active:

US Begins strikes on Iran
After multiple previews of the main event, US Central Command said that its forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. “The strikes are in response to Iran’s unwarranted and continued aggression.” Local Iran media reported that explosions had been heard in the Iranian towns of Sirik, Manab, Bandar Abbas and Bushehr, while Al Hadath reported than an explosion was heard in the Al-Saban military camp in Aden, Yemen. Additionally, there are unconfirmed reports that retaliatory Iranian ballistic missile launches are already underway, amidst what appears to be the resumption of a new round of U.S. strikes on Iran.

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“There were no immediate reports of casualties in any of the attacks.”

Trump Says “US Will Be Attacking Iran Hard Again Today”, Oil Spikes (ZH)

Oil surged, jumping by more than a dollar with WTI rising above $91 with Brent touching $94 after President Trump vowed to strike Iran again and slammed the country for delaying talks on an interim peace deal, after renewed attacks overnight put further strain on a fragile two-month truce. “We’re going to be attacking them, attacking them very hard,” Trump told reporters at the White House Wednesday. “We hit them hard yesterday, and we’re going to hit them hard again today.”


Trump declined to say what targets US forces would hit in Iran. The president renewed earlier criticism that Tehran has taken too long to negotiate an end to the conflict. “I’ve been working with Iran for a number of months, and they should sign their deal,” he said. “It was just tap, tap, tap, I don’t know what they’re doing.”

Trump said he retaliated against the Islamic Republic for shooting down a US Apache helicopter near the Strait of Hormuz. Tehran has not confirmed shooting down the aircraft and said it was reconsidering whether to persist with negotiations in light of the US attacks. “The diplomatic process doesn’t happen in a vacuum and to advance any diplomatic process you need a minimum space to be able to move forward,” Esmail Baghaei, a spokesman for Iran’s Foreign Ministry, was cited by the state-run Islamic Republic News Agency as saying. “Wherever necessary, our armed forces will respond to the enemy with authority.”

Trump’s comments came after the two sides once again exchanged strikes, underscoring how high tensions are running and the risk that intermittent indirect talks between Iran and the US may be derailed. The overnight clashes followed a direct confrontation between Iran and Israel earlier this week, but halted after Trump called on both sides to stop. Since almost the start of the conflict, Trump has swung from threats of intensified attacks to touting that a deal is within reach. Even with tensions escalating since last week, he had signaled he wants to contain hostilities and avoid a return to all-out war before the new post.

A White House official said talks are still ongoing and that the US will exert maximum pressure until a deal is reached. Fox News first reported the status of the talks. The semi-official Iranian Students’ News Agency reported that a Qatari delegation arrived in Tehran on Wednesday to discuss the diplomatic process to end the war. The US military said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations and radar sites near the Strait of Hormuz. The Islamic Revolutionary Guard Corps launched missiles on four American targets, including shelters housing F-35 fighter jets and a command center for the US military at Al-Azraq Air Base in Jordan, state-run IRIB News said on Wednesday.

Iran also said it fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait. Kuwait’s defense ministry said it had intercepted projectiles early Wednesday, while Jordan said it had intercepted five Iranian missiles. Tehran said it had exercised its “inherent right to legitimate self defense” and warned regional states not to allow the US and Israel to use their territory as a staging post for strikes on the Islamic Republic. There were no immediate reports of casualties in any of the attacks.

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It’s all he can do?! Is to shorten the timeframe.

Trump ‘May Keep Going’ With Strikes As Iran Took ‘Too Long’ With Deal (ZH)

More strikes coming? Trump is certainly strongly hinting at this, and yet an overall strategic vision still remains murky and ill-defined. Once again he in a short 12-hour period went from hyping a deal being a few days away, to now threatening yet more attack waves on Iran, in wake of last night’s: President Trump said Wednesday that he’s close to ordering more strikes on Iran after the country’s attacks targeting American bases in Persian Gulf nations, according to Fox News’ Trey Yingst. Mr. Trump said he “may keep going” with strikes, which he said would target power plants and bridges, because Iranian negotiators are “tapping the United States along,” according to Yingst. He wrote on Truth Social just before these comments that Iran will have to “pay the price” after taking too long to proceed with negotiations.


Trump: Iran Took Too Long To Negotiation, Now Will ‘Pay’
As part of what the United States is calling its latest ‘defensive strikes’ after Iran shot down an Apache helicopter in the Hormuz region, American forces overnight into the early Wednesday hours targeted “air defense, ground control stations, and surveillance radar sites” – the Pentagon said. Iran confirmed that there were indeed fresh attacks around Bandar Abbas and Qeshm Island, but gave no details on the damage, or info on other strikes potentially conducted elsewhere across the Islamic Republic.

“The operation was a proportional response to recent attacks on U.S. forces and international commercial ships transiting regional waters,” US Central Command (CENTCOM) said. Trump is meanwhile again lashing out at Tehran, claiming its military is now a “complete and total mess” – and yet it keeps responding:

Oil reacts, sensing no peaceful off-ramp or de-escalation on the horizon…

Kuwait, Bahrain, Jordan Hit Hard by Iranian Overnight Attack
Tehran later claimed attacks in Kuwait, Bahrain and Jordan as fulfilment of its previously vowed ‘retaliation’ – and given these countries host American forces. This marks merely the second time this week the ceasefire was ignored (or rather, shattered – though the White House is maintaining it’s still on) with major tit-for-tat strikes, as each side asserts that it is acting ‘defensively’.

Iran has been saying it’s going to keep up the pressure on Washington and its Gulf allies through both the ‘battlefield and diplomacy’ – with Iran’s Foreign Ministry spokesperson Esmaeil Baghaei freshly charging that the US is “undermining” the diplomatic process through “contradictory messages, frequent shifts in its positions and demands, as well as repeated violations of the ceasefire.” He indicated that at this point there’s not even the “minimum level of conducive conditions” that is “required in order to carry out diplomacy effectively.” Bahrain and Kuwait got hit hardest in these newest strikes, with reports saying the US Fifth Fleet base came under fire:

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“Now, if the IRGC fired rockets in our general direction, I would unleash unholy hell on them. That’s not how Donald Trump operates.”

Don’t Panic About Trump’s Iran Strategy Just Yet (Kurt Schlichter)

As for military power, we’re holding off on fully exercising it for now. At least, that’s what it looks like to outsiders. I have absolutely no inside information on it, but it’s pretty clear what’s happening. Our forces are watching, rearming, and more importantly, assembling a juicy target list for when the president says, “Go.” One problem with holding back on the “M” is that it makes us look passive to the enemy (and others), even if we’re actually aggressively preparing. The lack of “M,” therefore, can be an “I” issue.


Now, if the IRGC fired rockets in our general direction, I would unleash unholy hell on them. That’s not how Donald Trump operates. We’ve seen before that he is willing to absorb fires that have no substantial effect in order to avoid increasing the military effort, which would be at the expense of the diplomatic, informational, and economic initiatives. In other words, he is choosing to let them shoot rockets at us, which we shoot down, and not retaliate as long as no one gets killed because he doesn’t see it in our interest to go kinetic again right now.

That option is still there, and we have another ace up our sleeve—our loyal friend (the ravings of idiots like Thomas Massie aside), Israel is ready to pummel them when they get uppity. Trump can sit back and look diplomatic, playing the good cop to Netanyahu’s bad cop. At the same time, Trump can make some noises—diplomatic and informational—about Israel not crushing Hezbollah in Lebanon, and then Israel can continue with its righteous work of crushing Hezbollah in Lebanon while Trump gets to shrug, while in the background, you hear the sad trombone. “Don’t blame me—that kooky Bibi is out of control. Oh well!”

Among some of us who generally feel as I do about the need to defeat these creeps, there’s concern that Donald Trump is about to give the mullahs pallets of cash and generally surrender in order to get this whole thing over with. It was not as fast as the Venezuela mission, and now he wants out at any cost. That’s just crazy talk. Some people with whom I often agree are very worried that Donald Trump doesn’t understand that the Iranians are a bunch of liars who will never keep their word.

But here’s the thing—Donald Trump’s not an idiot. He knows they are a bunch of liars who will never keep their word. But he really doesn’t need them to keep their word, because the hypothetical agreement is not the end state he’s after. The end state he’s after is the fall of the Islamic regime via economic strangulation, which will take time. The deal is a deception, a shiny distraction from the real objective.

We keep hearing how Trump doesn’t have time because the midterms are coming and those gas prices have to come down, but it’s the Iranians who better listen to that clock ticking. Trump’s worst-case scenario is that he loses the House. Their worst-case scenario is that they lose their heads, and that’s what Trump’s betting on. Time is on our side, even if too many weak Westerners have forgotten the importance of strategic patience. Life is not MTV; you can’t win if you have the attention span of a gnat on meth. Rome wasn’t built in a day, and Tehran won’t fall in one.So, if my analysis is correct—and my bias is that I want it to be correct—then Trump is leveraging all the DIME elements to attain the end state of regime change, but he’s not telling us that.

That’s one of Trump’s things—he never tells people exactly what he’s doing, but his plan is pretty obvious if you don’t panic and take an objective look at what’s happening. He keeps talking about a deal, but it’s ridiculous to think that he’s somehow so eager for any agreement that he would sign his name to something that disgraces him forever. If there’s one thing Donald Trump doesn’t do, it’s let himself be humiliated, and he’s certainly not going to allow himself to be humiliated by this bunch of perverted weirdos. The Iranians think dragging out the negotiations helps them. It does create a pain point for Trump in the midterms, but they’ve got a lot more to lose. He can suck it up. Can they?

Now, I could be wrong about all this. Donald Trump could be eager to sign an awful deal, and that will have him go down in history as a giant joke who allowed these 7th-century pagan fanatics to humiliate him. But does that sound like Trump? When’s the last time he gave in and allowed himself to be humiliated? He doesn’t do that. And the idea that, somehow, he and his advisors don’t see the obvious reality that the mullahs are weasels and they are playing for time is just silly. I could be wrong, but I don’t think I am. We are constantly hearing about how Trump is supposed to be throwing in the towel, yet the towel never gets tossed. Where is the terrible deal he has allegedly been right on the verge of signing since April? Nowhere. It doesn’t exist. And yes, the clock is ticking, but for whom?

That’s how I interpret his strategy from the outside. Again, it’s probably not what I would do. I would take this opportunity to blow our enemies all to hell. But there’s more than one way to skin a strategic cat. The idea that Donald Trump is flailing and totally lost could be accurate, but it would be out of character and a departure from his now decade-long history of being in the public eye. More likely, he is stretching this out because every day they get weaker, while he can absorb the pain.

All the critiques of Donald Trump and the Iran War depend on either thinking that Donald Trump is an idiot, which is wishful thinking for his opponents, or residual concern that he’s not going to unequivocally win this war. I get the concern that he might be so eager to close this chapter that he cuts and runs, but you must ask yourself something. When has Donald Trump ever cut and run? Why would Donald Trump ever allow not only his own personal humiliation, and not only the humiliation of his country, but the endangerment of his country from these wounded animals who would happily nuke us the second they finished off Tel Aviv?

You might not agree with Trump’s strategy, but he has one. And he’s the guy who got elected, so he gets to set the strategy. It could very well work. Now, is this wishful thinking? Maybe, but his history gives the president grounds to expect some trust. He has never screwed us, and why would he start now to help an enemy he has been railing against for almost 50 years?

So don’t panic. Chill out. Watch what happens. I’m betting on the United States.

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I am not impressed.

Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War (RPI)

The US war with Iran has moved beyond its initial phase to an emerging new one — one in which Iran implicitly stakes its chances on the next phase being war. Most likely this will be in abbreviated episodes of limited war, but possessing nevertheless a potential to widen regionally, should the US (and Israel) elect to sharply escalate. The new phase involves risk of course, yet Iran holds the high cards of an ability to impose disproportionately heavier damage upon Gulf infrastructure as retaliation for any hurt inflicted upon it — and the awareness that the West is edging ever closer to dropping off the energy “cliff.”


The three pillars underlying this shift are firstly, confidence that Iran will not (and cannot) be shifted from its hold over Hormuz, and that in consolidating its administrative structures there, the reality of Iran’s hold over Hormuz will increasingly be assimilated by states, and reflected in their coming to terms with Iranian-Omani control. Associated with this core principle is Iran’s implementation of escalated deterrence vis á vis the American naval blockade. Any attempt to intercept or attack Iranian vessels or interfere with the Strait’s administration will be met with increasingly harsher ripostes. Ultimately this policy may lead to Iran imposing increasing levels of damage to US naval vessels – another friction point.

On 3 June, for example, the US fired a hellfire missile at an Iranian oil tanker near the Strait of Hormuz. In response, a US-owned (or partly-owned) ship, The Panaya, was struck with missiles. Additionally Iran launched three waves of cruise missiles at the US air and helicopter base in Kuwait from where the attack had originated. Images have emerged of serious damage at Kuwait international airport too (although the cause of the damage remains disputed). The second underlying principle affecting this shift simply reflects Iranian disdain for Trump’s continuous inflating of demands, exaggerated threats (which palpably fall short of US capacities), together with his continual zigzagging and contemptuous rhetoric towards Iran.

The Iranian leadership has concluded, it seems, that compromise will likely not be forthcoming, and that it is better to cut the “negotiations” rather “than continue the pointless bad-faith negotiations with a deceitful and decrepit American regime,” as the New York Times has termed the Iran “negotiations” — suggesting that the “deal chaos” is not a singular glitch by Trump confined to the Iran issue, but rather is a consistent pattern of dysfunctionality repeating itself across virtually all of Trump’s “peace” initiatives.

Behind Iran’s decision to suspend talks however, likely lies the gradually dawning clarity, seeping out from Israeli and American statements and analysis, that the true objective of the 28 February US-Israeli sneak attack was never regime change per se — aiming to swap out Iranian “hardliners” for a “Delcy Rodrigues”-style more moderate leader; but was intended rather, to bring about Iran’s complete destruction and fracturing — an insight that was bound to shift Iran’s calculus.

This insight has consolidated public support for the Islamic Republic hugely, and at the same time has turned the war into an existential struggle to preserve the ethical values of the Revolution. Seen from this optic, there is little for Iran to discuss with Trump, bar some future modus vivendi — as and when, Washington understands that it is boxed in, and that new realism takes a hold.

The third principle undergirding this new phase of conflict is the one enunciated by Iran from the outset of the Islamabad talks: “Ceasefire for all; or ceasefire for no one.” This was again re-emphasised in Iran’s latest ultimatum to Trump: “If the Israeli threats from last week to flatten the Beirut southern suburb of Dahiyeh had been executed, then Iran would have stricken northern Israel hard with its missiles. ‘It was a ceasefire for all – or no ceasefire.”

Trump chose the ceasefire, and subsequent to his call with Netanyahu, announced that it was in effect. He told Netanyahu to cancel his planned bombing of Dahiyeh in south Beirut. In Israel, a massive wave of anger from all sides of the political spectrum attacked Netanyahu at the very notion of curbing any Israeli attacks in Lebanon. Former PM Naftali Bennett accused Netanyahu of “losing control over Israeli sovereignty.” And former PM Yair Lapid said Israel had been reduced to a “vassal state” after the strikes were called off.

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FOMO.

The IPO Boom: Where Will the Money Come From? (Michael Lebowitz)

The media hype surrounding SpaceX’s upcoming mid-June initial public offering (IPO) is immense. The company recently filed its S-1 with the SEC, targeting a valuation of $1.75 trillion and a capital raise of up to $75 billion. Some believe its valuation could rise to $2 trillion after the IPO. In its wake, Anthropic (Claude) and OpenAI (ChatGPT) confidentially submitted IPO registration statements to the SEC. Expectations are that both AI model companies will enter the market within the next 3 to 6 months, with rumored valuations approaching or exceeding $1 trillion each. Stripe, the quickly growing payments company, is rumored to be on the IPO docket as well, with a valuation that could exceed $150 billion. Consequently, the coming IPO boom will have wide-reaching impacts.


The IPO market, which has been stagnant for the last four years, is bubbling with excitement. The headlines surrounding the IPOs are hyperbolic, banker fees are enormous, and social media is teeming with bullish sentiment on how high the new shares may trade after going public. While IPO boom talk is great for clickbait, nobody is asking the most important question. Where will the money come from?

Putting Context To The IPO Boom
To understand the size of the coming IPO boom, some historical context is necessary. Prior to the pandemic, the US IPO market raised approximately $30 billion per year. In late 2020 and throughout 2021, the SPAC boom led to a surge in IPO offerings. Since then, however, as we share below, IPO issuance has been relatively lean.

The 2026 pipeline is shaping up to be the second-largest in at least the last ten years. SpaceX alone is raising up to $75 billion per its SEC filing. Add OpenAI’s expected cash raise of $60 billion, Anthropic at $15 to $20 billion, and Stripe around $10 billion, and the pipeline of known IPOs coming to market is approximately $160-$165 billion. Moreover, the total market valuation of these deals could surpass $4 trillion. Assuming no other deals come onto the market, the four deals would be larger than the last four years’ worth of deals combined.

Dilution vs. Capital Absorption
Some pundits are using the word “dilution” to describe the impact of the IPOs on the market. While not necessarily misused, the term is most often used to describe what happens when a publicly traded company issues new shares in the market, diluting the value of existing shares. Simply, existing shareholders who do not buy new shares see their ownership percentage decline. Given that the expected stock offerings are IPOs rather than add-on offerings by a publicly traded company, the term “dilution” is not appropriate to describe the upcoming offerings. The more accurate term is capital absorption.

Capital absorption is the process by which large new stock offerings pull money out of existing financial markets, as investors sell existing holdings or redirect cash to purchase newly issued shares. While it is true that someone must buy the shares being sold to fund an IPO purchase, that buyer, in most cases, is simply recycling existing market capital rather than introducing new money. Thus, while an IPO is not dilutive to the stock being offered, it is dilutive to the financial markets, as the total investible dollars, in theory, remain unchanged; they just get spread out a little more thinly.

Where Does IPO Capital Come From?
IPO capital comes from three primary sources, each with consequences for existing market participants.

The first is institutional rebalancing. A large asset manager running an equity portfolio that wants meaningful exposure to a new IPO must trim existing positions and potentially use existing cash or raise new funds to create room for the new holding. While selling by any manager is unlikely to create a ripple in the market, because the stocks, bonds, and other assets they sell vary widely, simultaneous selling across thousands of institutional portfolios can have an impact.

The second is retail liquidation. Similarly, individual investors who want to participate in an IPO need cash to do so. Some of that cash may come from savings, but like most institutional accounts, they will raise cash by selling existing equity holdings. Keep in mind that every retail investor who liquidates an S&P 500 index fund to buy SpaceX or another IPO is, de facto, a seller of all of the stocks in the index.

The third source is capital from sovereign wealth funds, pension funds, and foreign institutional investors, who are expanding their equity holdings. Often, their funds represent new money entering the financial markets rather than a rotation within them. The participation of these funds might reduce the impact of IPOs on other stocks and financial assets.

The net effect of all three sources is that existing holdings largely fund new ones. At the scale being contemplated in 2026, that rotation is large enough to create a meaningful headwind across financial markets.

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BIG money.

Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds (ZH)

One week ago, SpaceX kicked off its institutional roadshow, headlined by JPMorgan CEO Jamie Dimon, who hosted a nationwide “live interactive discussion” with private wealth clients. The latest signal of investor demand comes from the Gulf, where massive sovereign wealth funds are reportedly seeking allocations in the IPO ahead of its expected Friday debut, according to Bloomberg News. The report says Saudi Arabia’s Public Investment Fund and Kuwait Investment Authority have each placed orders for the IPO worth $1 billion to $5 billion, while the Qatar Investment Authority is also expected to make a significant commitment.


The report continued: “Entities based in the region are already prominent shareholders in Elon Musk’s rocket, satellite and AI firm, and many are sitting on large paper gains based on the billionaire’s targeted valuation of $1.8 trillion, the people said. It wasn’t immediately clear how much of the planned outlay is intended to prevent dilution of existing stakes after SpaceX’s listing.

The interest from the Gulf is part of a broader rush into the deal from global institutional investors, whose orders have exceeded the number of shares on offer. Some have bid for $10 billion or more of stock, Bloomberg News has reported, though the eventual allocations might be smaller. In a separate report, Reuters says the IPO is three-and-a-half to four times oversubscribed, highlighting massive institutional demand for what is shaping up to be the largest listing on record and a defining moment for the space economy.

Elon Musk has joined several Zoom meetings with potential investors, while SpaceX President Gwynne Shotwell and CFO Bret Johnsen were expected to meet with roughly 300 institutional investors at a Morgan Stanley lunch in Manhattan. Goldman Sachs was selected as the lead bank for the IPO, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on the deal, offering a staggering $75 billion by selling about 555.6 million shares. The planned IPO price is about $135 per share. Why SpaceX’s IPO Is drawing record investor demand…

We offered readers a complete deep dive into the mechanics of the SpaceX offering and how to trade the world’s biggest IPO (read the report). SpaceX’s underwriters have shut off investor access to the offering in China and Hong Kong, primarily due to regulatory and compliance concerns. However, there is a concerted effort by unhinged leftist lawmakers (such as Elizabeth Warren) and left-wing pension funds to delay or deny the SpaceX IPO, mainly for political brownie points. They appear to view the sudden new wealth generated for Elon Musk (and his employees and investors) as absolutely horrifying…

… given that Musk is pro-humanity and seeks to liberate the world’s minds from toxic progressive causes.

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Fighting over limited resources.

AI Price Wars Begin: OpenAI Considers “Drastic Price Cuts” (ZH)

Earlier today, in a report discussing how “AI bills are out of control”, JPMorgan tech guru and TMT salesman, Mark Schilsky wrote that “most of my high level investor discussions focus on one major topic: when will the party end? Put another way, tech investors have made so much money in Semis so quickly that they are looking for potential warning signs that the music is about to stop. Predicting such an end is incredibly difficult. As such, investors are searching for forward-looking indicators that might suggest the AI party is nearing a peak.”


Here, the JPM trader highlighted perhaps the clearest indicator that the music was about to stop: “A slowdown in the growth of the annualized run-rate revenues of the major AI labs. If there is any sort of second derivative ‘kink’ in their growth algorithms, that could portend a future problem for the AI trade.” In response to this, we pointed to just such a “slowdown in the run-rate revenues”, when we showed that the Silicon Data token price index is down for 7 straight days to a level last seen in mid-January, or long before the current agentic craze started. Almost as if it knew something…


Turns out it did: late on Wednesday, with futures surging and Korean stocks erasing a nearly 5% drop and turning green, and euphoria generally back front and center, the WSJ may have burst the AI bubble when it reported that – contrary to conventional wisdom that token prices will magically go to infinity – OpenAI, which has been badly lagging both the revenue and IPO race with Anthropic in recent months – was considering “drastically lowering the prices it charges users” in a panic scramble to regain market share and win back customers from archrival Anthropic.

And so, at a time when there is suddenly a mass realization that token prices had been soared in recent weeks, a wake-up call which JPM lovingly described as follows: “investors have been discussing the possibility that much of the token spend that corporate America is currently incurring is ‘wasted’. Anecdotes from companies like UBER aren’t helping this narrative”, OpenAI is weighing significant cuts to what it charges for tokens. Hilariously, the move would be in anticipation of similar cuts the company expects at Anthropic, which is trying to double how much it charges for its latest model, Fable, which provides at best a very modest modest improvement in performance over Opus 4.8.

In short, we now have a classical deflationary race to the bottom, precisely the opposite of what the profit-strapped industry desperately needs to grow into its gargantuan balance sheets (and massive SPVs); Instead, the AI world is about to get hit with a collapse in both revenues and profit margins, while cash burn goes into full-on incinerator mode. Warning that “business executives have begun to balk at the high prices for AI usage”, the WSJ writes that OpenAI CEO Altman said at a recent event that costs had become “a huge issue.” “I think we’ll have a lot of ways we can help people get more value for less spend,” he said.

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“Last week, the Knesset, Israel’s parliamentary body, voted unanimously on the reading of a bill that would dissolve itself. “

Netanyahu Faces Election Chaos as Knesset Moves to Tear Itself Down (Queen)

Parliamentary governments fascinate me. The idea that a group of legislators can vote, say, “Forget it, let’s tear it all down,” and call a general election at just about any time blows my mind. I listened to a couple of podcasts from The Spectator on Tuesday night that discussed the growing dissatisfaction with Prime Minister Keir Starmer among the rank and file in the Labour Party (and, honestly, across the rest of the country) and how a leadership crisis is brewing among party faithful. It could potentially lead to a call for a general election barely two years after the election that ushered Starmer into No. 10 Downing Street.


Israel could be the latest parliamentary nation to pull the trigger on a general election. Last week, the Knesset, Israel’s parliamentary body, voted unanimously on the reading of a bill that would dissolve itself. The Times of Israel reports: “Following a lengthy Knesset debate, lawmakers early Tuesday voted 106-0 in favor of the first reading of a coalition bill to dissolve the Knesset, potentially triggering early elections. The dissolution bill, which must pass three readings in the plenum to pass into law, had been approved for its first reading in the Knesset House Committee on Monday morning and was immediately referred to the plenum for a vote. No date has been set for the final readings of the bill.

Due to internal coalition disagreements, committee chairman and coalition whip Ofir Katz advanced the bill without specifying an election date, stating that it would be inserted into the legislation only prior to its final two readings. In the meantime, Katz only said that the range of dates will be somewhere between September 8 and October 20.

The potential elections would take place weeks before the already scheduled Oct. 27 general election, which means that this session of the Knesset could dissolve just a few days before a full term. The fractious coalition of parties that put Prime Minister Benjamin Netanyahu back into office has its tensions after a budget bill failed to address the controversial issue of military draft exemptions for ultra-Orthodox (Haredi) Jews.

“Israel’s 25th Knesset had been expected to be one of the few to serve its full four-year term,” explains Joel Braunold of the Chicago Council on Global Affairs. “But while lawmakers successfully approved a budget in March, Netanyahu’s coalition government failed to pass legislation that would exempt ultra-Orthodox yeshiva students from mandatory military service, prompting key parties to call to disband the 120-seat Knesset. Faced with a possible rebellion, Netanyahu’s Likud Party submitted the dissolution bill in an effort to retain some control.”

Netanyahu is pushing for the latest possible date in the hopes that he can deliver legislative, military, and diplomatic initiatives before the election. All of this matters because his party announced that he will run in a general election. “Prime Minister Netanyahu will run in the upcoming elections,” announced the Likud Party in a statement. “With God’s help, he will win.” The announcement came after President Donald Trump complimented Netanyahu in an interview with ABC News. “If Bibi even wants to continue… I don’t know, he’s had an amazing career,” Trump told ABC’s Jonathan Karl. “Does he want to continue? Because you know, he’s a wartime prime minister.”

“We will very shortly win the war one way or the other, and you know he’s a wartime prime minister,” Trump added. “That’s okay, just like I’m a wartime president.” The prospects for a Netanyahu victory don’t look great.

“Regardless of whether the election happens on September 8, October 27, or any date in between, the vote will be critical for the future direction of Israel,” Braunold points out. “How it goes could determine whether Netanyahu cements his legacy in office or potentially in prison. And what happens has the chance of not just shaping the country but the entire region.” Keep an eye on our biggest ally in the Middle East. It might be a bumpy ride for the next few months.

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“It is not shocking to us.”

President Trump Delivers Shocking Response to Question About USMCA Renewal (CTH)

It is not shocking to us. It is not shocking to anyone who has followed this story for the past few years. It is particularly not shocking to you. However, the Canadians are going bananas right now. President Donald Trump responded to a question about the current status of the USMCA trade agreement, or what Canada calls CUSMA. Watch and listen to how President Trump points out that he has no intention of renewing the USMCA. This has been obvious since May of 2025.


I don’t want to say ‘I toldya so’, but….

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Interesting?

Interesting Names Being Floated for Permanent DNI Role (CTH)

According to The Gateway Pundit there are five names being debated for permanent DNI. Qualifying any comment by saying this is entirely speculation, a few have asked me for opinion.Gateway Pundit posits the names: GOP Representative Elise Stefanik, GOP Representative Rick Crawford, current Deputy Director of the CIA Michael Ellis, Vice President JD Vance’s national security adviser Cliff Sims, and former GOP Rep Jason Chaffetz. Names not mentioned in that article include former HPSCI Chairman Devin Nunes or former Representative now U.S. Attorney for North Carolina Dan Bishop.


Without being fully transparent about how I am reaching my perspective, here’s my take on these names.I have not seen Michael Ellis in this discussion before. However, he would be a very solid consideration. Ellis is a very straight, non-pretending, deliberate and serious person. With a firm grasp on the problem, Ellis would be a solid option. Current HPSCI Chairman Rick Crawford would also be a solid consideration. As current HPSCI Chairman Crawford has worked with Tulsi Gabbard, and he does have a very firm grasp on the nuances and issues within the current intelligence community.

Dan Bishop’s name has not been mentioned by many, but he would also be an asset in the role. At least he should be interviewed to see if he thoroughly understands the problem and would be willing to confront it. Stefanik might want the job and might be the favorite of White House Chief of Staff Susie Wiles, but I’m not sure Stefanik is strong enough to stand up to the pressure within the overall intelligence apparatus. There’s a general pretending that often comes from DC familiarity as well as willingness to go along with norms and status quo. Stefanik is not a disruptor.

It doesn’t seem like Devin Nunes wants the job, for all of the reasons why a tenured IC person wouldn’t want the job. Jason Chaffetz would be worthless, as he was when Chairman of the House Oversight Committee. I don’t know enough about Cliff Simms to give an opinion.

Ranked: Ellis, Crawford, Bishop.

Concerning: Stefanik, Chaffetz.

Best Route: Give strong weight to Tulsi Gabbard’s recommendation.

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“As late as 2014, Ann Coulter was arguing that the growing popularity of soccer reflected the moral decay of the country.”

Highschools push other sports as the money makers. So if you’re athletic, you don’t play soccer. It’s a girls’ sport.

Why America Sucks at Soccer (Rick Moran)

loomberg published a revealing Morning Consult poll on U.S. interest in the World Cup soccer tournament, which kicks off on Friday. More than half of all U.S. adults say they won’t be watching any of the 104 matches available to stream on Fox One, Fox, F1, and Fox. Just 13% of U.S. adults said they planned to watch any of the matches. Breaking the poll numbers down by generation, Gen Z is the most interested, with 23% “very likely” to watch some of the games. On the other hand, 59% of Boomers are “not likely at all” to watch any of the games.


Playing soccer in the suburbs has been a rite of passage for kids for the last 40 years. But by the time these soccer kids reach high school, most of them have lost interest. Little girls love the women’s national team, which, until recently, was far more popular than the men’s national team. Having dumped much of the political correctness, the U.S. women are once again one of the top teams in the world. They will be one of the World Cup favorites in Brazil next year. The men are better than they used to be, but they are still in the second or third tier of international excellence. This is insane. Billions of dollars go into youth soccer in America, and that might be the problem.

UnHerd:”Landon Donovan — the finest player the country has produced — recently put the blame on American soccer’s youth system. His complaint centers on the win-at-all-costs mentality that seemingly grips the system. Parents and coaches, Donovan argues, “get obsessed with winning just as much as the coaches do because they’ve been told that’s what’s going to get their child to college and professional — and it’s all bulls**t”. In truth, of course, children don’t need to be the next Pelé in kindergarten; they just need to develop a feel for the game that scoreboards can’t reward.

It’s here where the money comes in. Youth sports in America are now a $40 billion industry — and private equity has quietly captured a great deal of it. Firms such as Juggernaut Capital have rolled up hundreds of local clubs into national conglomerates; 3STEP Sports, backed by Juggernaut, controls more than 1,500 events serving more than two million athletes a year. The tactics are the familiar ones of private-equity extraction: junk fees, long contracts, mandatory and expensive travel circuits. What was once an affordable neighborhood activity has been re-engineered into a maximum-extraction machine, with elite youth club soccer now costing many families upwards of $5,000 a year per child.

In Brazil, kids who live on or near garbage dumps play soccer all day, every day. Even in Europe, the game is constantly played by the poorest kids. All of them are hoping to catch lightning in a bottle and get noticed by a scout or youth coach who will take them under their wing and develop their skills. The very best, the very hungriest, and most talented kids are noticed early and brought along in youth programs that the U.S. will never be able to duplicate.

In America, soccer is a game played by suburban kids twice a week and in the occasional tournament. Even the millions of kids who love the game and have dreams of playing in the World Cup are stymied by a youth program that fails them. Every World Cup, enthusiasts proclaim that soccer will take off and become as popular as football and basketball in the United States. They’ve been saying it since 1994, when the last World Cup was played here. It fails to happen not because soccer competes with other sports for attention. It’s something far deeper, rooted in our self-image as a nation.

In 2001, scholars Andrei Markovits and Steven Hellerman published Offside: Soccer and American Exceptionalism. ”Nativistic Americans, the authors found, prefer individualistic and militaristic games that mirror the country’s political culture,” writes UnHerd’s Duncan Moench. Markovits and Hellerman argued that American soccer developed along totally different lines from the country’s more mainstream sports. Given the tremendous strength of US nativism, early on soccer was seen as dubiously foreign: both in origin and application. (As late as 2014, Ann Coulter was arguing that the growing popularity of soccer reflected the moral decay of the country.)

Yet as that early hipster fandom implies, the opposite ended up happening. Study-abroad trips are expensive, and far from becoming a blue-collar pastime like basketball, American soccer ultimately remained the purview of white suburbanites. Though the US has grown the technical capacity to compete at international soccer, those in charge of running our youth system have optimized the program to extract maximum revenue from bougie parents — hardly conducive to honing talent.

In other words, U.S. kids aren’t poor enough or hungry enough to have that overweening drive to make it as professional soccer players. Plus, the game’s appeal loses its luster when kids start playing football and basketball. “The raw athletic talent is almost certainly lurking out there, in the immigrant neighborhoods and the public parks,” writes Moench. “It’s just that we’ve built a machine to price those kids out.” Changing that culture is not high on the priority list of suburban parents who want their kids to get into a decent college, not chase a soccer dream around the world.

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https://twitter.com/tslaming/status/2064609502398460018?s=20

 

 

 

 

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

 

 

 

 

 

May 312024
 


Ivan Aivazovsky Stormy Night at Sea 1850

 

It’s Time For Russia To Drop A Nuclear Bomb (Dmitry Suslov)
The West is Hell-Bent on Provoking Russia Into Hot War (Pepe Escobar)
Biden Allows Ukraine To Use US Weapons To Attack Inside Russia (ZH)
US Leaders Pushing for Three-Front War When They Can’t Handle One (Sp.)
Le Pen: Backing of Ukraine Strikes Inside Russia Step Toward World War (Sp.)
US Preparing Major Propaganda Campaign Against Russia In Scandinavia (RT)
Trump Responds After NY Guilty Verdict (ZH)
‘Mother Teresa Could Not Beat Those Charges’ – Trump (RT)
Canned Hunt: The Trump Jury is Out But is the Case in the Bag? (Turley)
Hush Money Trial To Boost Trump’s Odds Of Winning, Taking House, Senate (Every)
Musk Denies Report Of Trump Admin Advisory Role (ZH)
Judge Denies Hunter Biden’s ‘Frivolous’ Bid to Halt Delaware Gun Case (ET)
‘Paranoid’ Zelensky Lashing Out At US – FT (RT)
Israel’s Gantz Moves To Dissolve Knesset, Hold New Elections (ZH)
Sergey Lavrov Full Interview (Sp.)

 

 

Two major issues today: the Trump verdict and the rapid escalation in the West’s attitude vs Russia. Hard to choose 😉

 

 

 

 

Trump after verdict
https://twitter.com/i/status/1796309856091300285

 

 

Merchan
https://twitter.com/i/status/1796140639161143740

 

 

Mike Davis Trump 47
https://twitter.com/i/status/1795807037432984050

 

 

RFK Trump

 

 

Ballot access

 

 

Polls

 

 

 

 

Dmitry Suslov is a member of the Russian Council on Foreign and Defense Policy, deputy director of World Economy and International Politics at Moscow’s Higher School of Economics, and Valdai Club expert.

It’s Time For Russia To Drop A Nuclear Bomb (Dmitry Suslov)

There’s every indication that the US and several of its allies may soon allow Ukraine to use Western weapons, including long-range missiles, to attack targets located within – how do we put this? – Russia’s internationally recognized borders. Or those that existed before the 2014 Maidan in Kiev. In America, as the New York Times recently reported, backers of the idea include Secretary of State Antony Blinken, most Republicans in Congress (including the Speaker of the House, Mike Johnson), and many members of the foreign policy establishment, including Victoria Nuland, who recently resigned as deputy secretary of state. In Europe, Poland, the Baltic states, Germany’s main opposition party, the CDU/CSU, and some Western European figures, including the head of the UK Foreign Office, David Cameron, are agitating for the measure. Recently, NATO Secretary General Jens Stoltenberg made a similar appeal, but he would not have made such statements if the issue had not already been considered on a practical level and had not received substantial support from Washington.

It has already come to the point where the topic has been discussed at the level of the heads of defense ministries of EU member states. Such a decision would take the conflict to a fundamentally different level, would mean the erasure of one of the brightest “red lines” that has existed since February 24, 2022, and signal the direct entry of the US and its NATO bloc into the war against Russia. Indeed, the strikes would be carried out on the basis of coordinates provided by Western intelligence systems; the decisions on these strikes would be taken by Western military officers (the media has repeatedly relayed confessions from Ukrainian military officers that every case of Western missile use is coordinated in advance by Western military advisers); and even the button would probably be pressed directly by Western military officers. It is no coincidence that German Chancellor Olaf Scholz justifies his reluctance to transfer Taurus missiles on the grounds that they would have to be operated by German, not Ukrainian, military personnel.

This is why denying Kiev such a right was the main condition for providing it with military aid and one of the main principles of Western involvement in the conflict from the very beginning. There are at least two reasons why the West is now discussing abandoning this principle. The first and main one is the increasingly difficult position of the Ukrainian army on the battlefield. Don’t forget that NATO leaders have been saying throughout that the outcome is of existential importance not only for Ukraine, but also for themselves, as it will determine the nature of the new world order. In other words, the West itself has given the Ukrainian conflict the status of a World War, and therefore Kiev’s defeat will mean its own strategic defeat, the final collapse of the Western-centered international order. Accordingly, the worse the situation for Kiev at the front, the greater the risks of escalation that the West is willing to take.

The second reason is Russia’s unwillingness to escalate relations with the West each time it crossed a ‘red line’ and became more involved in the conflict (supplying Kiev with tanks, aircraft and, eventually, long-range missiles). As a result, the fear of escalation, which was relatively high at the beginning of the military operation, has gradually diminished, as Western publications have repeatedly pointed out. Thus, the West has come to believe that the cost of Kiev’s defeat is far greater than the risks of a direct military confrontation with Russia, as a result of allowing Western weapons to strike deep into its ‘old’ territory. The voices of those who argue that even this time Moscow will not inflict direct military damage on Western countries are growing louder. This logic can inevitably lead to World War III. And if the West’s further involvement in the conflict in Ukraine is not stopped now, a full-scale “hot” war between Russia and NATO will become inevitable. Moreover, due to the superiority of the US and its 31 NATO members in the field of conventional weapons, this war will inevitably move to the nuclear level.

In a few months (or maybe even weeks), the same logic will be applied to stationing regular Western troops in Ukraine and then starting to shoot down Russian missiles over it. The Kiev regime has been making these proposals more and more insistently of late. According to even the current Russian nuclear doctrine (certainly a ‘peacetime’ doctrine in need of tightening), such a scenario would amount to official grounds for the use of nuclear weapons. There is only one way to prevent such a catastrophic development of events: a sharp increase in Moscow’s policy of deterrence and intimidation. The option of ‘freezing’ military operations along the current line of demarcation without any political conditions for Kiev and modalities for its security relations with the West is completely unacceptable.

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“This is a continuation of the pattern in which the NATO forces recognize they are losing the war in Ukraine, with the fragile lines of defense breaking, and the NATO response is to escalate..”

The West is Hell-Bent on Provoking Russia Into Hot War (Pepe Escobar)

The warning by President Putin could not be starker: “In the event of the use of long-range weapons, the Russian Armed Forces will again have to make decisions about expanding the sanitary zone further (…) Do they want global conflict? It seemed they wanted to negotiate [with us], but we don’t see much desire to do this.” Kremlin spokesman Dmitry Peskov then came up with the appropriate metaphor to designate NATO’s ramped-up military outbursts: not only NATO is raising the degree of escalation but delving into a warlike “ecstasy”. It does not get more serious than that. “They”, as Putin alluded to, do seem to want “global conflict”. That’s at the heart of NATO’s new suicidal “ecstasy” strategy. For all their circumlocutions, NATO Secretary Jens Stoltenberg, French President Emmanuel Macron, and German Chancellor Olaf Scholz have effectively greenlighted Kiev using Western weapons for attacks deep inside the Russian Federation.

The alleged debate, still ongoing, is just a “smokescreen” for the real objective: a pretext that could lead to WWIII. There’s no reason to think Kiev will stick to “limited” strikes against relatively unimportant targets. Instead, it is likely to target critical security infrastructure in hopes of provoking an unrelenting Russian response, which in turn would pave the way for NATO to invoke Article 5 and de facto engage in a Hot War. The escalation “ecstasy” defined by Peskov went out of control since a – secret – new batch of ATACMS was dispatched to Kiev earlier this year, complemented with longer-range ATACMS. Kiev has been using them for serious hits on Russian air bases and key air defense nodes. These ATACMS fire missiles at Mach 3 speed: a serious challenge even for the best Russian air defense systems. All that seems to point to a crucial decision enveloped in several layers of fog: as the incoming, cosmic NATO humiliation in the black soil of Novorossiya becomes self-evident day after day, the Western elites who really run the show are betting on provoking a full Hot War against Russia.

Richard H. Black, a former US senator from Virginia, offers a sobering analysis: “This is a continuation of the pattern in which the NATO forces recognize they are losing the war in Ukraine, with the fragile lines of defense breaking, and the NATO response is to escalate. This is not accidental, but very deliberate. It is not the first attack on the Russian nuclear triad. The ideological folks are seeing their world crumbling, after flying the rainbow flag over conservative countries and [waging] perpetual wars. They are frantic and could escalate to nuclear war to get out of the bind. They are taking a series of baby steps, and respond that ‘they don’t do anything in response,’ and so they keep taking baby steps until one of them lands on a land mine and we are into World War III. (…) Putin is very aware of the disconnect in the West, who keep saying he is just saber rattling, but he is not—he is informing the West of the dangerous reality.”

In Russia, Senator Dmitry Rogozin, a former head of Roscosmos, directly warned Washington: “We are not just on the threshold, but already on the edge, beyond which, if the enemy is not stopped in such actions, an irreversible collapse of the strategic security of the nuclear powers will begin.” General Evgeny Buzhinky advanced an ominous scenario: “I am sure that if the strikes of Taurus of ATACMS are very harmful for Russia, then I presume we will at least strike the logistical hub in the territory of Poland in Rzeszów” where the missiles are staged for delivery to Ukraine. The connection in this case would be irreversible: Russia hits Poland; NATO invokes Article 5; WW3.

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“.. this is surely going to be a distinction without substance or meaning from Russia’s point of view, as it makes attacking Russia’s sovereign territory with US weaponry ‘allowable’ for the first time..”

Biden Allows Ukraine To Use US Weapons To Attack Inside Russia (ZH)

Given the last days of momentum and growing pressure coming from some NATO countries, this was perhaps inevitable: the United States has now greenlighted Ukraine’s use of American-supplied weapons against Russian territory in a huge escalation which takes the world a big step closer to WW3 and nuclear-armed confrontation. Politico is reporting Thursday afternoon, “The Biden administration has quietly given Ukraine permission to strike inside Russia — solely near the area of Kharkiv — using U.S.-provided weapons, two U.S. officials and two other people familiar with the move said Thursday, a major reversal that will help Ukraine to better defend its second-largest city.” An anonymous US official was cited a saying, “The president recently directed his team to ensure that Ukraine is able to use U.S. weapons for counter-fire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them.”

The same official stipulated that the policy of not allowing long-range strikes inside Russia “has not changed.” However, this is surely going to be a distinction without substance or meaning from Russia’s point of view, as it makes attacking Russia’s sovereign territory with US weaponry ‘allowable’ for the first time. According to more details of what are expected to be the immediate implications: In effect, Ukraine can now use American-provided weapons, such as rockets and rocket launchers, to shoot down launched Russian missiles heading toward Kharkiv, at troops massing just over the Russian border near the city, or Russian bombers launching bombs toward Ukrainian territory. But the official said Ukraine cannot use those weapons to hit civilian infrastructure or launch long-range missiles, such as the Army Tactical Missile System, to hit military targets deep inside Russia.

It’s a stunning shift the administration initially said would escalate the war by more directly involving the U.S. in the fight. But worsening conditions for Ukraine on the battlefield –– namely Russia’s advances and improved position in Kharkiv –– led the president to change his mind.Ukraine has been complaining that all restrictions need to be taken off if it is to defend against Russia’s recent major offensive in Kharkiv, which was launched from across the border. For example, Russian artillery is able to fire from rear positions within the Belgorod region near the border. It meanwhile remains part of Moscow’s stated aim to push the border deeper into Ukraine to create a ‘buffer zone’ – making it harder for pro-Kiev forces to shell Russian towns and villages.

Politico’s fresh reporting is consistent with something Secretary of State Antony Blinken said on Wednesday. While visiting Moldova – itself feeling the pressure of the war right next door – Blinken laid out that the US does not “encourage or enable” Ukrainian attacks inside Russia – but he then moved the goalpost by stressing the US would “adapt and adjust” this position based on developing battlefield needs. A reporter followed up by asking if he meant the White House will now support Ukrainian attacks inside Russia. Blinken responded with: “Adapt and adjust means exactly that.”

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“Despite a nearly $1 trillion budget, the United States military is unable to secure a major shipping lane from a government they don’t officially recognize in one of the poorest countries in the world..”

US Leaders Pushing for Three-Front War When They Can’t Handle One (Sp.)

On Monday, a bipartisan group of US representatives visited Taiwan against the protests of Beijing, promising Taiwanese lawmakers that the US-supplied weapons would be coming soon and publicly warning China from invading the island. The meeting, which included the chairman of the House Foreign Affairs Committee, Rep. Michael McCaul (R-TX), was the latest in a string of meetings between US and Taiwanese officials that have taken place during the Biden administration. The saber-rattling of China by the United States is insanity, as it cannot handle the crises it is already facing, retired senior policy analyst Michael Maloof told Sputnik’s The Critical Hour on Wednesday. “We don’t have the means to fight that [one-front] war, let alone, a three-front war. Right now, we’re doing very poorly. The United States is doing very poorly just trying to work through a proxy against Russia,” Maloof explained.

“If you have a direct confrontational approach to war with Russia, then China and… Iran, there’s no way the United States is going to be able to sustain that. On Wednesday, Yemeni Houthi forces announced that they had brought down a US MQ-9 Reaper reconnaissance and strike drone. The US claimed that the drone was lost due to technical problems but it was the sixth such drone to be lost over Yemen since the Houthi movement began blockading the Red Sea against ships it says are connected to Israel. Despite a nearly $1 trillion budget, the United States military is unable to secure a major shipping lane from a government they don’t officially recognize in one of the poorest countries in the world, resulting in a 50% reduction of shipping through the Suez Canal compared to last year. In 2022, Rep. Nancy Pelosi (D-CA), then speaker of the House, visited Taiwan against the protests of Beijing. Then, US President Joe Biden claimed he did not authorize her visit, but this statement caused some reasonable doubts.

The next year, then-Taiwanese head of administration Tsai Ing-wen traveled to California where she and other Taiwanese politicians met with then-House Speaker Kevin McCarthy (R-CA). Again, US and Taiwanese officials attempted to soften the diplomatic outcry from China by claiming it was just part of a layover on her tour of Central America. Again, China didn’t buy it. On this latest trip, Washington provided no pretenses. The bipartisan delegation met with the newly elected head of Taiwanese administration and publicly promised them weapons and further support. “There should be no doubt, there should be no skepticism in the United States, Taiwan or anywhere in the world, of American resolve to maintain the status quo and peace in the Taiwan Strait,” Rep. Andy Barr (R-KY), the co-chair of the Taiwan caucus said while meeting Taiwan’s new head of administration Lai Ching-te. “If the island in an unprovoked manner was invaded, then it would be to the American people and the United States Congress and my committee that has the power to declare war, how to deal with that,” McCaul said.

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“..The parties should return to diplomacy and start talks, but Macron is preparing French society for the announcement he is sending troops to Ukraine, Le Pen said..”

Le Pen: Backing of Ukraine Strikes Inside Russia Step Toward World War (Sp.)

French President Emmanuel Macron’s support for Ukraine’s targeting of military facilities in Russia’s internationally recognized territory is another step toward a world war, Marine Le Pen, the leader of the French right-wing National Rally party, said on Thursday. “Macron wants France to enter the war. This statement is an additional step in that direction. I am against it and I think it creates an enormous risk for the security of our citizens,” Le Pen told French radio broadcaster Franceinfo. The right-wing politician only supports the supplying of defensive weapons to Kiev, she added. “Similarly to the United States and Germany, I am against permitting Ukraine to use Western-supplied weapons to strike targets on the territory of Russia. This is a mechanism for entering the third world war. I am against anything that might create the risk of a global conflict, with France being on its front line,” she added.

The parties should return to diplomacy and start talks, but Macron is preparing French society for the announcement he is sending troops to Ukraine, Le Pen said. “It is necessary to find a way towards a dialogue. Everyone knows that the victory will not be a military one. The only way is to find paths for negotiations. We have to provide Ukraine with military aid without sending troops. But Macron is preparing us to send military personnel to Ukraine. It is another concerning step,” the politician told the radio station. France does not try to play a role of a mediator anymore while other countries are doing this, she said. “No one except Ukraine and Russia can resolve this [conflict], but some countries might try to bring their positions closer. Others are doing that instead of us, and France is not doing that,” Le Pen said On Tuesday, Macron said that Ukraine should be allowed to strike military sites in Russia. The supply of long-range weapons to Ukraine capable of hitting Russian military facilities is not an escalation of the conflict in Ukraine, he said.

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“..high-ranking Swedish and Finnish officials are being trained, “like diligent students,” to repeat the “Russophobic mantras of their American patrons without hesitation..”

US Preparing Major Propaganda Campaign Against Russia In Scandinavia (RT)

Russia’s Foreign Intelligence Service claims that the US is preparing a major propaganda campaign aimed at sparking fear among the population of Sweden and Finland about Moscow’s alleged “territorial appetites.” In a press release on Thursday, the service claimed that the US State Department, “gripped with anti-Russian hysteria,” has transformed into an “unprincipled propaganda mouthpiece” that is now striving to turn the entire international community against Russia. The first targets of this propaganda machine, according to Moscow, are the residents of Sweden and Finland, which recently joined NATO.

The Foreign Intelligence Service has claimed that, under the patronage of the US State Department, a series of short videos will soon flood social media networks and instant messengers to demonstrate “the ‘seriousness of the Russian threat’ and drum up ‘universal fear’ of Moscow’s ‘territorial appetites’” among the Scandinavian population. The campaign, according to the service, will be presented as a “spiritual impulse” of a team of independent experts and journalists, and will aim to spread panic among the residents of Sweden and Finland like the times of McCarthyism in the US. After that, Washington supposedly expects top officials in the two countries to “start throwing themselves out of the windows, shouting ‘the Russians are coming, the Russians are coming! They are everywhere.’”

At the same time, high-ranking Swedish and Finnish officials are being trained, “like diligent students,” to repeat the “Russophobic mantras of their American patrons without hesitation,” the service wrote. Specifically, it mentioned the commander-in-chief of the Swedish Armed Forces, Micael Byden, who has recently claimed that Russia is planning to invade the island of Gotland to establish control in the Baltic Sea; and Finnish President Alexander Stubb, who has been claiming that Russia poses an “existential threat” and has insisted that the only way to achieve peace is “through the battlefield.” Moscow has repeatedly stated that it has no plans to attack any NATO nations or revise its existing borders with the West. Russian President Vladimir Putin has dismissed such talk as “nonsense,” and an attempt to scare local citizens “to extract additional expenses from people.”

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“..The crime has a maximum sentence of four years in prison. That said, Merchan could also opt for home confinement, probation, supervised release, fines or community service..”

The appeal could take years. They just want to be able to call him a convicted felon.

Trump Responds After NY Guilty Verdict (ZH)

Former President Donald Trump has been found guilty on all 34 counts in his New York ‘hush money’ trial. The outcome makes him the first former president to become a convicted felon. Trump reportedly stared ahead motionless as the verdict was read. The trial centered on allegations that Trump falsified business records in order to conceal a hush money payment to porn star Stormy Daniels ahead of the 2016 US election. Prosecutors under Manhattan DA Alvin Bragg argued that Trump oversaw a scheme to influence the 2016 election by using Trump Organization records to conceal the payments. “Everything Mr. Trump and his cohorts did in this case is cloaked in lies,” said prosecutor Joshua Steinglass. “The evidence is literally overwhelming.” “This is a rigged, disgraceful trial,” Trump said in response, adding “The real verdict will be on November 5.”

Judge Juan Merchan will now decide Trump’s sentence on July 11 – days before Republicans are set to select him as the 2024 nominee. The crime has a maximum sentence of four years in prison. That said, Merchan could also opt for home confinement, probation, supervised release, fines or community service. “In New York today, we saw that no one is above the law,” reads a statement. “Donald Trump has always mistakenly believed he would never face consequences for breaking the law for his own personal gain. But today’s verdict does not change the fact that American people face a simple reality. There is still only one way to keep Donald Trump out of the Oval Office: at the ballot box. Convicted felon or not, Trump will be the Republican nominee for president.”

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“It’s the people that surround him in the office. They’re smart. They’re fascists, they’re communist, but they’re smart.”

‘Mother Teresa Could Not Beat Those Charges’ – Trump (RT)

Former US President Donald Trump has decried the charges against him in the Manhattan hush-money trial as of the kind that even Mother Teresa would not beat. Trump made the comment while speaking to reporters on Wednesday after the jury started deliberating the verdict. The ex-president and presumptive Republican nominee in the 2024 election faces a litany of accusations in several separate cases. The proceedings, which concluded on Tuesday, revolved around hush money that the ex-president’s former attorney, Michael Cohen, claims to have paid in 2016 to adult film actress Stormy Daniels to keep her quiet about an affair with the then-candidate. Speaking with the press after his fate was handed over to the 12 New Yorkers constituting the jury, Trump reiterated his claims that the trial was politically motivated and meant to disrupt his bid to retake the White House.

“Mother Teresa could not beat those charges, but we’ll see,” he fumed. “We’ll see how we do. It’s a very disgraceful situation.” He criticized judge Juan Merchan for supposedly being “conflicted and corrupt,” placing a gag order on him and allegedly barring some of the people that Trump’s defense wanted to testify from doing so. The judge significantly limited what election law expert Brad Smith, a former member of the Federal Election Commission, could talk about during the trial. Merchan said he wanted to avoid a “battle of the experts” in the courtroom. Trump claimed that “the whole thing is rigged” and amounts to weaponization of the justice system by the Democratic Party against its political opponent. The trial has kept him from campaigning, he complained. “This is all because of Joe Biden,” he claimed, pointing the finger at the incumbent president. “It’s the people that surround him in the office. They’re smart. They’re fascists, they’re communist, but they’re smart.”

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“Putting aside that the federal government found no basis to impose a civil fine, let alone bring a criminal charge, the court barred a legal expert who could have shown that no such violation occurred. The jury does not know that. Instead, the judge allowed them to be repeatedly told a false fact that could make it difficult for anyone to acquit.”

Canned Hunt: The Trump Jury is Out But is the Case in the Bag? (Turley)

Today the jury began its deliberations in the trial of former president Donald Trump. Before jurors left, however, Judge Juan Merchan framed their deliberations in a way that seemed less like a jury deliberation than a canned hunt. For many of us, the Trump trial has seemed otherworldly, a vaguely familiar proceeding where common elements of a trial seem to have been flipped. Even before the jury instructions, the trial was controversial for both liberal and conservative commentators. At the start of closing arguments, most honest observers were still wondering what the prosecutors were alleging as to the crime that Trump was allegedly concealing with the falsification of business records. Then came the closing arguments. Around the country, it is standard for the government to go first with a closing to allow the defense to respond. The government is then given the privilege of a rebuttal after the defense rests.

In New York, the defense must go first, giving the government free rein over its closing with no risk of contradiction from the defense. With the exception of objections, any abusive or improper arguments are left to the judge to address.In the case of Judge Merchan, that protection was all but absent as the prosecution engaged in flagrant violations from offering testimony on unestablished facts to directly contradicting prior instructions. In one of the most egregious moments, Prosecutor Joshua Steinglass told the jury that it is an established fact that former Trump counsel Michael Cohen committed a federal election law violation on the direct orders of Donald Trump. Merchan had repeatedly said that Cohen’s earlier plea could not be used to imply the guilt of Trump. Merchan overruled an objection and Steinglass proceeded, as he did earlier in trial, to repeat the false statement. Merchan did nothing as Steinglass told the jury that Hope Hicks cried in court because she knew that she had destroyed Trump’s defense (Hicks has never explained why she cried).

Merchan did nothing as Steinglass falsely told the jury that the media and political campaigns do not do what Trump did in seeking to kill and plant stories. (This ignored, for example, that the Clinton campaign did precisely that repeatedly in the very same election, including with the false Russian collusion allegations).mIt was only when Steinglass repeatedly instructed the jury on the law that Merchan finally sustained objections, at the end of his closing arguments. So going into the deliberations, the court allowed the jury to be told repeatedly that there were federal campaign violations committed by Trump. That is not true. Putting aside that the federal government found no basis to impose a civil fine, let alone bring a criminal charge, the court barred a legal expert who could have shown that no such violation occurred. The jury does not know that. Instead, the judge allowed them to be repeatedly told a false fact that could make it difficult for anyone to acquit.

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In every trial, there are always two opinions: the prosecution and the defense. In this trial there are three: anti-Trump, pro-Trump, and anti-Trump but concerned about the rule of law..”

Hush Money Trial To Boost Trump’s Odds Of Winning, Taking House, Senate (Every)

The Financial Times main headline is that ‘NATO has just 5% of air defences needed to protect eastern flank.’ No, NATO doesn’t have an eastern flank but an eastern FRONT: it faces east, so its vulnerable flanks are to the north and south. Regardless, it urgently needs to spend 20x more on air defence alone. Meanwhile, Poland is reinforcing its border with Belarus and Russia, as the former withdrew from the Conventional Armed Forces in Europe treaty, and the Baltics and Scandinavia plan a ‘drone wall’. Many EU countries will also now allow Ukraine to use their donated weapons to attack Russian forces inside Russia proper. Militarily, that’s the best strategy; geopolitically, it m”eans the West escalating to deescalate – which Russia will only mirror. The UK Telegraph is running a series of articles starting today on the topic ‘What if Putin Wins?’ The first argues, “A Russian victory would unleash a cascade of events triggering irreversible changes, pushing the world to the brink of chaos.”

“The first thing we do, let’s kill all the lawyers.” (Dick the Butcher, Henry VI, Part 2). We can also expect imminent market headlines from the Trump trial in New York, where the jury are still out. In every trial, there are always two opinions: the prosecution and the defense. In this trial there are three: anti-Trump, pro-Trump, and anti-Trump but concerned about the rule of law. Alan Dershowitz, a Democrat, has been withering in his criticism of how this trial has been prosecuted. Legal expert Jonathan Turley notes it “has seemed otherworldly, a vaguely familiar proceeding where common elements of a trial seem to have been flipped,” listing the numerous ways normal practice has not been followed – which those pro-Trump naturally allege have occurred for nefarious political purposes. Given how the judge –‘The Merchan of Vengeance’– instructed the jury, experts think the most likely outcomes are a hung jury or a conviction.

If it’s the former, Trump will gain huge publicity, and cry he was wronged by Democrat ‘lawfare’; and if he’s convicted, that is arguably even more the case (even if the latter will prompt a rapid appeal, potentially all the way up to the Supreme Court, which many observers think will then see the verdict overturned). To presume, as White House strategists must do(?) that being able to call Trump a “convicted felon” on TV will necessarily dent his electoral prospects rather than boosting them may be to totally misread the current situation, as in 2016. This matters for markets more than some reading the very Beige Book realize. Not only could this trial potentially increase the likelihood of Trump winning in 2024, which would already shift the US, the world, and world markets, but it might boost his odds of taking the Senate and the House too, ensuring that he could shift them all if he wants to. It might also convince him that he needs to (as the Wall Street Journal says Elon Musk might take an advisory role at the White House were Trump to win: what might that mean for US policy: Orange Cybertrucks? CyberTrump? Trumpcoin? Camp Trump on Mars?)

More broadly, it’s a further dent in the reputation of US law just as (contrived?) media controversy rages over a Supreme Court judge for flying a flag, again politicizing the highest echelons of the US justice system. Following previous controversial court cases involving Trump there, it doesn’t do New York many favors as an investment destination unless one’s business is in the anti-Trump camp. Yet that points to a polarization in the US mirroring past ones in emerging markets. Indeed, Dershowitz and Turley fear precisely the political rule BY law, not OF law if precedent is set: could future presidents find partisan judges and juries to rustle up court cases to take out potential opposition legally, as happens elsewhere? That still seems unlikely given the checks and balances in the US system, but for some this is all a worrying step in that direction. US businesses and markets players, even those anti-Trump, should be aware that those kinds of legal environments are partly why so much foreign capital ends up in the US in the first place.

Moreover, when The Economist is worrying about the collapse of global liberal institutions, and the International Criminal Court and the International Court of Justice have mired themselves in controversy, splitting the West internally and vs. the Global South in a new Cold War –as Mexico joins South Africa’s case vs. Israel at the ICJ, The Australian says “The ICC issuing warrants for the arrest of Netanyahu and his defence minister is grandstanding by this toothless, bloated court”– the last thing the West needs is for its rule of law to be brought into ill-repute. ‘Let’s kill all the lawyers’ is how you destabilise things in Shakespeare’s eyes: but so is letting all the lawyers kill us.

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Too early for any set roles. But big takeaway: “Musk and Trump speak on the phone several times per month..” As Mike Benz said in the video posted yesterday: “if it’s true, it would be the most natural pairing since peanut butter & jelly.”

Musk Denies Report Of Trump Admin Advisory Role (ZH)

Musk denied today’s report that he’s been in discussions about a possible advisory role in a future Trump administration. “There have not been any discussions of a role for me in a potential Trump Presidency,” Musk posted on X in response to user Herbert Ong, who posted a CNBC segment discussing the report. * * * In a notable shift from past acrimony, Donald Trump, the presumptive Republican nominee, has engaged in discussions with Elon Musk about a possible advisory role for the Tesla mogul should Trump retake the White House, the Wall Street Journal reports. The move could see Musk influencing policies on border security and the economy. Musk, known for his outspoken views and innovative leadership at Tesla and SpaceX, has increasingly voiced his concerns over national issues, aligning more with conservative viewpoints in recent months. Alongside billionaire investor Nelson Peltz, Musk has also taken a proactive stance against what they perceive as electoral vulnerabilities, briefing Trump on a data-centric project aimed at curbing voter fraud—a topic of significant controversy and debate.

“The discussion around the advisory role and voting project took place at a March gathering at Montsorrel, Peltz’s sprawling oceanfront estate in Palm Beach, Fla., with a group of wealthy and powerful friends, some of the people familiar with the discussions said. The New York Times earlier reported the meeting had occurred, but details of the discussions haven’t been previously disclosed. As guests nibbled on a Sunday morning breakfast of eggs, bacon and fresh fruit served by Peltz’s household staff, Peltz, Trump and Musk held forth on the November elections, criticizing Biden’s stewardship of the country, the people said.” -WSJ. The discussions, still in preliminary stages and without definitive roles, would mark a notable pivot in Trump’s strategy – embracing influential tech and business leaders to bolster his campaign promises of economic revitalization and stringent border controls. The meeting with Peltz suggests a concerted effort to integrate Musk’s technological prowess and worldview into the fabric of Trump’s policy initiatives.

According to the report, “the role hasn’t been fully hammered out and might not happen.” During a March interview, former CNN host (and failed X contributor) Don Lemon asked Musk about the meeting with Trump – to which Musk replied: “I was at a breakfast at a friend’s place and Donald Trump came by—that’s it,” adding “I went to a friend of mine’s house and he said, ‘Donald Trump’s coming by for breakfast, just so you know.’ I said, ‘Okay, fine.'” “Let’s just say he did most of the talking,” Musk said of Trump – adding that the former president did not ask him for donations, nor help with mounting legal bills. Musk doesn’t simply want to write a check to a super PAC – he wants to use his clout within elite business and technology circles to steer the US in a better direction.

Musk’s potential involvement in Trump’s orbit marks a stark contrast from their previous public exchanges, which included a series of sharp criticisms and disagreements over policies like the Paris climate accord. However, their relationship has evolved, with Musk not only reevaluating his political allegiance—publicly shifting his support to the Republican party in 2022—but also seeking to exert his influence through more direct and personal engagements with Trump. Now, according to the report, Musk and Trump speak on the phone several times per month. The potential collaboration also extends to Musk’s broader ambitions in the political arena, where he has expressed dissatisfaction with the current administration’s direction, particularly criticizing the so-called “woke mind virus” that he argues undermines societal cohesion and economic progress. Musk says he’s a centrist, who wants secure borders, safe & clean cities, and to stop ‘sterilization below age of consent,’ among other things.

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He wants it denied so he can appeal it?!

Judge Denies Hunter Biden’s ‘Frivolous’ Bid to Halt Delaware Gun Case (ET)

A federal judge on Wednesday denied Hunter Biden’s bid to halt the prosecution of his Delaware gun case, deeming it unconvincing and “frivolous.” U.S. District Judge Maryellen Noreika issued the ruling on Wednesday, rejecting Mr. Biden’s request to enjoin the investigation led by Special Counsel David Weiss. Mr. Biden contended that Mr. Weiss’s appointment violated the Appropriations Clause, arguing that he is not an “independent counsel” and was not approved by Congress. “The Court should enjoin the Special Counsel from continuing to fund his investigation and prosecution of Mr. Biden without an appropriation from Congress or promptly deny the motion so it can be appealed,” Mr. Biden’s motion, filed on May 14, stated. The judge found no merit in Mr. Biden’s claims, stating that the use of permanent appropriations to fund special counsels has been well-established and previously upheld.

“Mr. Weiss was lawfully appointed,” under relevant statutes, “to serve as special counsel to conduct investigations and prosecutions relating to this criminal matter,” Judge Noreika wrote in her decision, “and he is an ‘independent counsel’ appointed pursuant to ‘other law’ within the mining of the permanent appropriation.” Judge Noreika ruled that Mr. Biden’s motion was not presented as a “serious request” but rather as a necessary procedural step before he could appeal. Mr. Biden contended that Mr. Weiss lacked authority from Congress because he “is not an independent counsel and that is by design.” In their response motion, the prosecution highlighted that Mr. Biden’s attempts to claim Appropriations Clause violations had been struck down in two district and two circuit courts, using the same arguments. Additionally, they contended that Mr. Biden “now offers no new facts or law” to support his motion for an injunction.

Mr. Biden acknowledged that his motion relied on previously rejected arguments. He asked the judge to either enjoin Mr. Weiss “or promptly deny the motion so it can be appealed.” His motion filed on May 14 stated that if the district court found against him regarding his argument of Appropriations Clause violations, “as it did previously,” then he would “have the basis” to take it to the Third Circuit “to address this issue when considering Mr. Biden’s forthcoming petition for rehearing and rehearing en banc.” In calling his request unserious, the judge highlighted the motion’s length, at four and a half pages, and noted that half of it was dedicated to “explaining why the Third Circuit would have jurisdiction over an appeal should this Court deny the requested injunction.” “The Court has no reason to believe that Defendant’s inevitable appeal of this denial of his motion for an injunction is any more meritorious than his prior efforts,” Judge Noreika wrote.

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“Zelensky recently sacked several government and military officials that the US was “working closely” with, without much of an explanation..”

‘Paranoid’ Zelensky Lashing Out At US – FT (RT)

Vladimir Zelensky has instructed Ukrainian officials to publicly criticize US President Joe Biden for not attending the upcoming “peace summit” in Switzerland, the Financial Times has reported, citing documents from Kiev. Neither Biden nor his VP Kamala Harris is scheduled to attend the gathering in Lucerne, where Kiev hopes to win non-Western countries to its “peace formula” for resolving the conflict with Russia. According to FT, the Ukrainian leader specifically instructed MPs and officials in a May 26 memo to “pile public pressure” on Biden, as well as Chinese President Xi Jinping, for not attending the summit. “It is unlikely that the world will understand President Biden and President Xi if they do not join in the realization of such undeniably just goals and [in] bringing peace closer,” said the memo, as quoted by the outlet. While China has shown understanding for Russia in the conflict, the US has been one of Ukraine’s most prominent supporters.

According to FT, however, there have been “many points of friction” between the leadership in Kiev and Washington lately, as Russian troops have continued to advance on the battlefield. Zelensky recently sacked several government and military officials that the US was “working closely” with, without much of an explanation. US Secretary of State Antony Blinken’s recent visit to Kiev, during which he lectured Zelensky on corruption and played rock music on stage at a club, also reportedly rubbed the Ukrainian leadership the wrong way. One senior Kiev official described the feeling in Zelensky’s office as “paranoia” and said the Ukrainian leader had “deep anxiety” about both the military situation and the peace summit, which is scheduled for mid-June in Lucerne.

Another Ukrainian official told FT that Zelensky has become more “emotional and nervous” over the situation at the front, convinced that the US is eager to start talks with Russia because Washington wants the conflict “to go away before the [US] election.” Polls currently show Biden losing support as he faces a rematch with former US President Donald Trump in November. Zelensky is “very irritated” with Biden, said one member of his government, noting that many Ukrainian officials are worried about Kiev “openly provoking” the White House. “What do you say in America? Do not bite the hand that feeds you,” a fourth Ukrainian government official told FT. Zelensky has infuriated Washington before. His social media rant last July, after NATO did not formally invite Ukraine to join, reportedly almost caused a backlash from the White House. In the end, however, the US and its allies continued to fund Kiev’s war effort.

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“You must choose between Zionism and cynicism, between unity and division, between responsibility and neglect – and between victory and disaster.”

Israel’s Gantz Moves To Dissolve Knesset, Hold New Elections (ZH)

Israeli war cabinet minister Benny Gantz is mounting a new challenge against Prime Minister Benjamin Netanyahu and the coalition government, on Thursday announcing his centrist party is proposing holding a parliamentary vote on dissolving the Knesset. “The head of the National Union Party, Pnina Tamano-Shata, has put forward a bill to dissolve the 25th Knesset. This follows the request of party leader Minister Benny Gantz to move forward in broad agreement to an election before October, a year since the massacre,” the fresh statement from Gantz’s party said. Gantz had already previously verbalized a plan to hold new elections by October, and two weeks ago he demanded in a provocative ultimatum that Netanyahu has until June 8 to present a clear strategic plan for the Gaza war. Below is the outline that Gantz previously articulated while lambasting the lack of a clear plan from Netanyahu:

”Bring our hostages home, topple the Hamas regime, strip the Gaza Strip, and ensure Israeli security control. Alongside maintaining Israeli security control, establish an American-European-Arab-Palestinian administration to civilly manage the Strip and lay the foundation for a future alternative to Hamas and Abbas, return the residents of the north to their homes by September 1, and rehabilitate the Western Negev, promote normalization with Saudi Arabia as part of an overall move that will create an alliance with the free world and the Arab world against Iran and adopt a service plan that will lead to all Israelis serving the state and contributing to the supreme national effort.” Gantz had continued in that prior statement: “The people of Israel are watching you. You must choose between Zionism and cynicism, between unity and division, between responsibility and neglect – and between victory and disaster.”

Huge anti-Netanyahu protests have continued in Tel Aviv and in front of government buildings and even Netanyahu’s residence, and have been led by hostage victims’ families. They are outraged there’s been lack of clarity or prioritization of getting the rest of the hostages home, also as truce negotiations with Hamas have all but collapsed. It is anything but clear if Gantz has the votes to dissolve Knesset, but Netanyahu’s Likud party quickly shot back on Thursday with a terse statement: “The dissolution of the unity government is a reward for [Hamas leader Yahya] Sinwar, a capitulation to international pressure and a fatal blow to efforts to free our hostages.” But Gantz Tamano-Shata party reasoned that “The 7th of October is a disaster that requires us to go back in order to receive the public’s trust, to establish a broad and stable unity government that can lead us safely in the face of the enormous challenges in security, the economy and, above all, in Israeli society. Submitting the bill now will allow us to bring it up in the current session.”

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“..we have agreed with our Chinese partners to increase cooperation to counteract Washington’s irresponsible behavior, which undermines international stability..”

Sergey Lavrov Full Interview (Sp.)

Russian strategic objects, including nuclear ones, may come under threat from American short-range missiles if the US deploys ground-based intermediate and shorter-range missiles in Europe and the Asia-Pacific region. What additional nuclear deterrence measures might Moscow take in this case? Would a reciprocal response from the Russian side be sufficient?
Sergey Lavrov: You are undoubtedly correct that the deployment of American ground-based intermediate and shorter-range missiles (INF) in the mentioned regions would pose a serious security challenge for us. This issue is not only significant for us. In a joint statement following the recent visit of Russian President Vladimir Putin to China, it was noted that such destabilizing actions by the US represent a direct threat to both our country and China. Therefore, we have agreed with our Chinese partners to increase cooperation to counteract Washington’s irresponsible behavior, which undermines international stability. The implementation of US plans to deploy ground-based INF missiles will not go unanswered by us. Specifically, in this scenario, the abandonment of unilateral self-imposed restrictions introduced by Russia after a US withdrawal from the INF Treaty is inevitable. Additional steps in the field of nuclear deterrence are also not ruled out, as forward-deployed American missiles could target our command posts and locations of our nuclear forces. Decisions on these matters are within the competence of the president of the Russian Federation.

Is Russia considering increasing joint military exercises with China in response to US actions in the Asia-Pacific Region?
Sergey Lavrov: The foundation of our military cooperation with China is a high level of mutual trust. Russian-Chinese collaboration aims to strengthen international security and is conducted in accordance with international law. Our joint efforts are not directed against third countries. However, both Russia and our Chinese friends must consider the negative military-political trends in the Asia-Pacific region and take measures to mitigate their effects. We agree on the importance of enhancing defense cooperation not only bilaterally but also within multilateral formats. This understanding was recorded in the joint statement signed following the visit of Russian President Vladimir Putin to China. Specifically, this involves expanding the scale of joint exercises and combat training, conducting naval and aerial patrols, and developing joint response capabilities.

With the end of Volodymyr Zelensky’s presidential term, does Russia see any forces in Ukraine with whom it is ready to engage in dialogue for peace? Is there any understanding of when the special military operation might be concluded?
Sergey Lavrov: In Kiev, the “party of war” is in power, striving, at least rhetorically, to defeat Russia “on the battlefield.” Under these conditions, a dialogue for peace is hard to imagine. Furthermore, since September 30, 2022, a legal ban on negotiations with Russia’s leadership has been in place in Ukraine. Regarding Volodymyr Zelensky’s legal status after May 20, when his presidential term ended, Russian President Vladimir Putin spoke clearly on this matter at a press conference in Minsk on May 24. Let’s hope that sooner or later, political forces will emerge in Ukraine that care about the interests of the people. For now, there is no other option but to continue the special military operation until its goals are achieved.

Is there a possibility to speed up the process of political settlement of the situation around Ukraine?
Sergey Lavrov: Theoretically, yes. For this to happen, the West must stop supplying Ukraine with weapons, and Kiev must cease hostilities. The sooner this occurs, the quicker a political resolution will begin. We have repeatedly stated, including at the highest level, that Russia remains open to negotiations. However, it is crucial to understand that we seek peace, not just a ceasefire. There is no point in granting the opponent a pause, which they will use once again for regrouping and rearming. Negotiations must be based on the principle of indivisible security and the realities on the ground.

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Ryan Cole
https://twitter.com/i/status/1795817867167826293

 

 

Gabriel Shipton

 

 

Elephants and Oranges
https://twitter.com/i/status/1795938706278293725

 

 

Tom and Jerry

 

 

Late for work

 

 

 

 

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

 

 

 

 

 

Mar 212022
 
 March 21, 2022  Posted by at 9:39 am Finance Tagged with: , , , , , , , , ,  57 Responses »


Wassily Kandinsky Succession 1935

 

Zelensky Nationalizes TV News And Restricts Opposition Parties (Week)
Zelensky Warns Of WWIII If Negotiations With Russia Fail (Hill)
Zelensky Strikes The Wrong Note To Bring Knesset To His Side (JPost)
Pearl Harbor My Eye! (David Stockman)
Turkey Says Ukraine, Russia “Close To An Agreement” (ZH)
China’s Time for Global Leadership (Stephen Roach et al)
Will Saudi Arabia Ditch The US Dollar? (Lacalle)
Is the Petrodollar Swaying? (Kadi)
Joe Rogan Slams Media Coverup Of Hunter Biden Laptop Story (PM)
Vitamin D For Covid-19: Real-time Meta Analysis Of 186 Studies (vdmeta)
800,000 Lives Could Have Been Saved with Ivermectin and HCQ – Kory (USAW)

 

 

Saw this in the US as well. Curious.

 

 

Condemnation


https://twitter.com/shen_shiwei/status/1505732372003647494

 

 

Be careful what you wish for.

 

 

11 political parties: gone. Azov Neo Nazi and Svoboda, still acceptable parties.
Most of the media “cosolidated”: gone.
Smell a rat yet?

But yeah, do let’s send him tens of billions more, and close the skies.

Zelensky Nationalizes TV News And Restricts Opposition Parties (Week)

On Saturday and Sunday, Ukrainian President Volodymyr Zelensky invoked his emergency powers under martial law to suppress several opposition political parties and implement a “unified information policy.” In an address to the nation delivered Sunday, he announced a temporary ban on “any activity” by 11 political parties. The ban includes the Opposition Platform – For Life party, which holds 43 seats in Ukraine’s national parliament and is the largest opposition party. Opposition Platform – For Life is a pro-Russia party, but on March 8, party leader Yuriy Boyko demanded that Russia “stop the aggression against Ukraine,” according to Ukrainian outlet LB.


That same day, Viktor Medvedchuk, who was accused of treason against Ukraine in May and escaped from house arrest shortly after the invasion began, was removed from his post as the party’s co-chair. Russian President Vladimir Putin is godfather to Medvedchuk’s daughter. Zelensky’s information policy involves “combining all national TV channels, the program content of which consists mainly of information and/or information-analytical programs, [into] a single information platform of strategic communication” to be called “United News.” Reuters notes that, until Saturday, privately owned Ukrainian media outlets “continued to operate” independently. Zelensky said the measure was necessary to combat Russian misinformation and “tell the truth about the war.”

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Better make sure they don’t fail then.

Zelensky Warns Of WWIII If Negotiations With Russia Fail (Hill)

Ukrainian President Volodymyr Zelensky on Sunday warned of a third world war if negotiations with Russia fail. Zelensky told CNN’s Fareed Zakaria that talks with Russian President Vladimir Putin are vital, saying Ukraine has been reeling since Moscow launched its invasion. “We were losing people on a daily basis, innocent people on the ground. … Russian forces have come to exterminate us, to kill us,” Zelensky told Zakaria. “Unfortunately, our dignity is not going to preserve the lives, so I think that we have to do any format, any chance, so in order to have … the possibility of talking to Putin. But if these attempts fail, that would mean … a third world war,” Zelensky added.


Zakaria also asked Zelensky if Ukraine is willing to make compromises to end the Russian invasion, including not joining NATO, as Putin has demanded. “You cannot reverse this situation anymore. You cannot demand from Ukraine to recognize some territories as intended for conflicts, and these compromises are simply wrong,” Zelensky added. The United Nations said recently that 6.5 million people have been displaced inside Ukraine since the start of the invasion.

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He’s literally working with nazis. But wants to teach Israel about the holocaust?

Zelensky Strikes The Wrong Note To Bring Knesset To His Side (JPost)

Ukrainian President Volodymyr Zelensky’s virtual tour of Western parliaments has gone off mostly without a hitch. He referenced Winston Churchill to Westminster and Martin Luther King Jr. to Capitol Hill. The Ukrainian-to-English translator in Brussels broke down in tears translating his plea for help. Zelensky continued his practice of customizing his speeches to suit his audience when he addressed the Knesset over Zoom, taking the comparisons he had already made between his country’s situation and World War II to the next level and dedicating the lion’s share of his speech to the Holocaust. That comparison did not have the effect Zelensky apparently had hoped for.

Rather than stir Israel’s leaders and legislators to action and solidarity, the heavy Holocaust comparisons – from saying Moscow is planning a “final solution for the Ukrainian question” to saying that Israel should save Ukrainians like Ukrainian Righteous Among the Nations saved Jews – drew more focus from its audience, which criticized its inappropriateness, than Zelensky’s appeal for weapons. “I appreciate the President of Ukraine and support the Ukrainian people in heart and deed, but it is impossible to rewrite the terrible history of the Holocaust,” Communications Minister Yoaz Hendel tweeted. “Genocide was also committed on Ukrainian soil. The war is terrible, but the comparison to the horrors of the Holocaust and the final solution is outrageous.”

Asked about the tweet, Hendel said that he did not judge Zelensky’s behavior in a time of crisis, and he accepted Zelensky’s criticism of Israel and calls for Jerusalem to send weapons, but he felt he had to set the historical record straight. Former cabinet minister Yuval Steinitz, now a Likud MK, went so far as to say, “If Zelensky’s speech was given… in normal [non-war] times, we would have said it bordered on Holocaust denial… Every comparison between a regular war, as difficult as it may be, and the extermination of millions of Jews in gas chambers in the framework of the Final Solution, is a total distortion of history. The same is true for the claim that Ukrainians helped Jews in the Holocaust… The historic truth is that the Ukrainian people cannot be proud of its behavior in the Holocaust of the Jews.”

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Great historic overview by Dave.

Pearl Harbor My Eye! (David Stockman)

[..] there really are not two distinct nations there, one invading the other. Russia and Ukraine have never been neighboring independent states like Germany and France or Spain and Portugal or Columbia and Peru. To the contrary, they have been an intermingled territory and peoples for the last 1300 years with borders, governing arrangements episodic external invasions all over the lot. The Ukrainian language itself is testimony to that history and geography. The dialects spoken in the Donbas (brown and yellow areas) are a mixture of Ukrainian and Russian; the old Galician territories of Western Ukraine centered in Lviv (red areas) are heavily influenced by Polish, Slovakian and Rumanian vocabularies.; and the blue areas of the North present dialects heavily influenced by Belarusian.

What is also true is that these segmented populations have never been united under a common polity except by communist arms between 1922 and 1991; then between 1991 and 2014 by tenuous and continuously shifting electoral balances after the Ukrainian administrative entity was arbitrarily disgorged from the old Soviet Union; and finally after the February 2014 coup by dint of a Kiev government based on central and western Ukraine that essentially declared a civil war on Crimea (which seceded) and the eastern, Russian-speaking Donbas regions that have tried to do the same. So again, what’s wrong with partition? At the end of the day, Zelensky stood before Congress and had the gall to demand WWIII in behalf of an abortion of a nation that has virtually no chance of long-term survival in its present form.


How Ukraine Will Be Partitioned After Kiev Capitulates

Yet the knuckleheads from both parties are in such war heat that they vociferously applauded the unctuous rantings of a clown who should have stuck to the comedy business. Still, for want of doubt about the madness of defending Ukraine by economic warfare now, and military confrontation with Russia if the warmongers get their way, just recall how the arbitrary borders depicted above got here. If this mongrel merits all out defense in behalf of the “rule of law,” then the rule of law be damned.

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• Ukraine’s neutrality;
• disarmament and security guarantees;
• the so-called “de-Nazification”;
• removal of obstacles on the use of the Russian language in Ukraine;
• the status of the breakaway Donbas region;
• and the status of Crimea

Turkey Says Ukraine, Russia “Close To An Agreement” (ZH)

“It’s not easy to negotiate while the war is ongoing, or to agree when civilians are dying. But I want to say that there is momentum,” Turkey Foreign Minister Mevlut Cavusoglu said from the southern Turkish province of Antalya, AFP reported. “We see that the parties are close to an agreement.” Cavusoglu this week visited Russia and Ukraine as Turkey, which has strong bonds with the two sides, has tried to position itself as a mediator. The foreign minister, who hosted his peers from Russia and Ukraine this week, said Turkey was in contact with the negotiating teams from the two countries but he refused to divulge the details of the talks as “we play an honest mediator and facilitator role.” In an interview with daily Turkish newspaper Hurriyet, presidential spokesman Ibrahim Kalin said the sides were negotiating six points: Ukraine’s neutrality; disarmament and security guarantees; the so-called “de-Nazification”; removal of obstacles on the use of the Russian language in Ukraine; the status of the breakaway Donbas region; and the status of Crimea, annexed by Russia in 2014.

Turkey’s pro-government Hurriyet newspaper reported that the two countries were edging towards agreement on Kyiv declaring neutrality and abandoning its drive for Nato membership, “demilitarizing” Ukraine in exchange for collective security guarantees, what Russia calls “denazification” and lifting restrictions on the use of Russian in Ukraine. Two people familiar with the discussions said it was likely a compromise would involve token concessions from Kyiv on what Russia calls “denazification”. But Linda Thomas-Greenfield, US ambassador to the UN, accused Moscow of failing to fully participate in the talks. “The negotiations seem to be one-sided,” she said. “The Russians have not leaned into any possibility for a negotiated and diplomatic solution.”

Hopes that an agreement is close were dashed, however, after the Russian military delivered an ultimatum for the surrender of Mariupol, the besieged city in southern Ukraine and the scene of some of the heaviest fighting since Russia launched its invasion of Ukraine more than three weeks ago, according to the National Defense Control Center of the Russian Federation as cited by Tass. Colonel-General Mikhail Mizintsev said all armed units of Ukraine must leave Mariupol from 9 a.m. to 11 a.m. local time on Monday, according to Tass, after which any fighters remaining would “face a military tribunal.” It said humanitarian convoys would deliver food, medicine and other essentials to the city. The Russian statement demanded a written response from Ukraine’s government by 4 a.m. Kyiv time.

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I’m sure this is just what America seeks.

China’s Time for Global Leadership (Stephen Roach et al)

The war in Ukraine is pushing the world ever closer to an existential crisis. The lessons of the twentieth century and its ghastly world wars have been lost on today’s leaders. The peace dividend of the Cold War has been squandered. Two superpowers – the United States and the Russian Federation – are on the brink of an unimaginable military confrontation. The momentum of conflict escalation threatens to become inexorable, and the risk of a nuclear miscalculation can no longer be ignored. China is in a unique position to bring Russia’s brutal attack on Ukraine to an end. As the world’s second-largest economy with aspirations of national rejuvenation and global leadership – both elements central to the “Chinese Dream” long espoused by President Xi Jinping – China has two critical advantages as a potential peacemaker in the Russo-Ukrainian War.

First, it can rely on its own core principles. Since the days of Zhou Enlai in the 1950s, China has stressed that its foreign policy has been guided by the Five Principles of Peaceful Coexistence. These include mutual respect for sovereignty and territorial integrity, non-aggression, and non-interference in other countries’ internal affairs. Russian President Vladimir Putin’s assault on Ukraine is a flagrant violation of these central values. The debate is not about the supposed rationale for Russia’s unilateral action – NATO expansion; it is about the risk the war in Ukraine poses to world peace. Chinese principles offer a clear lens to put that debate into perspective.

Second, China has the advantage of partnership with Russia. At the February 4 opening of the Beijing Winter Olympics, Xi and Putin signed an expansive agreement that underscored their joint commitment to a “New Era” of international relations. By stressing that “friendship between the two States has no limits,” Xi and Putin spoke of cooperation, not confrontation, between major powers. The war in Ukraine has turned that commitment inside out. With a rapidly weakening Russian economy now isolated from the world, its unlimited reliance on China takes on special significance for both countries. Russia’s GDP is no larger than the combined economies of Belgium and the Netherlands. That makes it all but impossible for Russia to sustain a major conventional war, even if it does receive the Chinese military assistance it is reportedly seeking.

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Why should they?

Will Saudi Arabia Ditch The US Dollar? (Lacalle)

Does Saudi Arabia need to use the yuan at all? No. Its foreign currency reserves including gold stood at $472.8 billion in 2020 despite the pandemic-led slump in exports and oil demand. Is it in any pressure to change currency? Even less so. Its reserves comfortably cover its external debt, giving an enviable level of stability compared to other OPEC nations that have large trade and fiscal deficits. What would Saudi Arabia gain from using the Yuan? Not higher exports to China. The Asia giant needs its oil imports more than Saudi Arabia needs its domestic currency. There is no real evidence that exports to China would fall if Saudi Arabia continued to use the US dollar.

The yuan utilization in global transactions is very limited. According to Bloomberg, “activity in the renminbi, as the currency is also called, rose to its second-highest level ever in 2021” using figures compiled by the Society for Worldwide Interbank Financial Telecommunications. However, that means a stubbornly modest 2.7% of the market versus the dollar at 41%, which has held the top slot for decades. The euro is used in 36.6%, the GBP in 5.9% -more than double the use of the Yuan despite being a much smaller economy-, and the Japanese yen is used as much as the yuan at 2.6%. More importantly, despite the large increase in importance of the Chinese economy in the global landscape, its importance as a currency has barely improved from its 2015 high, when it reached the fourth spot.

Why is the yuan only used in 2.7% of global transaction despite being 14% of the world’s GDP and what happened in 2015? The yuan is the only currency from a global economic leader that has capital controls and a fixed pricing set by the PBOC. As such, any holder of the Chinese currency finds a constant threat from an abrupt devaluation and the inability to use the currency freely in payments. And that is exactly what happened in 2015. The Chinese central bank announced an aggressive devaluation. The yuan is not an alternative to the US dollar because of capital controls, fixed pricing and, even worse, because monetary policy is even more aggressive than that of the Federal Reserve. The expansion of money supply in China has been multiple times over that of the United States for two decades with significantly lower global demand.

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“As time went by, the deal became increasingly one-sided, one in which Saudi Arabia was getting the spiky end of the pineapple.”

Is the Petrodollar Swaying? (Kadi)

‘The Petrodollar came into existence in 1973 in the wake of the collapse of the international gold standard which was created in the aftermath of WWII under the Britton Woods agreements. These agreements also established the US Dollar as the reserve currency of the world. The Nixon Administration understood that the collapse of the gold standard system would cause a decline in the global demand for the US Dollar. Maintaining demand for the US Dollar was vital for the United States’ economy. So, the United States under Nixon struck a deal in 1973 with Saudi Arabia. Under the terms of the deal, the Saudis would agree to price all of their oil exports in US Dollar exclusively and be open to invest their surplus oil proceeds in US debt securities. In return, the United States offered weapons and protection of Saudi oil fields from neighboring countries including Israel.

For the Americans, the Petrodollar increases demand for the US dollar and also for US debt securities and allows the US to buy oil with a currency it can print at will. In 1975, all of the OPEC nations agreed to follow suit. Maintaining the Petrodollar is America’s primary goal’. Do you get the picture? The Petrodollar was meant to be a win-win agreement in which America propped up its economy, and in return supplied Saudi Arabia with security. As time went by, the deal became increasingly one-sided, one in which Saudi Arabia was getting the spiky end of the pineapple. The Saudis have been feeling shafted for a long time, but they did not have enough intestinal fortitude to stand up and show their dismay to Uncle Sam. When America asked old-school Saudi royals to jump, they asked how high. Love him or hate him, young Saudi Crown Prince Muhamed Bin Salman (MBS) is different.

Over the last few years, I have written many scathing articles about MBS’s character, ambitions, thirst for power, sneaky behind-the-scenes deals with Israel, but the biggest black mark against him will always be his war on Yemen. I will not suddenly make a 180 degree turn and start praising him. But credit must be given when credit is due. MBS happened to rise to power on the eve of Saudi Arabia’s failure in Syria. For fairness, this was not a war he started. When he took control, Saudi Arabia had already lost its war in Syria, its biggest ally in Lebanon (Hariri) proved to be a wimp and a hopeless ally despite all the support and bottomless funds he received in order to put Hezbollah under control. In Yemen, the Houthis had already taken control of the capital Sanaa. Iran was moving in on Saudi Arabia on 3 fronts; or at least this was how he perceived it.

This is not to forget the oil price war that Saudi Arabia waged on Russia. It is difficult to put all of those events in exact chronological order because they are all interwoven and happened almost concurrently. Back in 2016, Saudi Arabia decided to increase its oil production in order to drop the crude oil price and put pressure on Russia in Syria. The plan backfired and only resulted in a huge slump in the price of oil, and when MBS tried to reverse that decision and bring the crude price back up again, he was unable to. MBS inherited a Saudi Arabia that was teetering on the edge. He had few options to restore its image and stature. It faced bankruptcy and for the first time since its oil boom nearly a whole century ago, it fell into debt and he took drastic domestic spending cut measures. He had to do something.

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Go Joe!

Joe Rogan Slams Media Coverup Of Hunter Biden Laptop Story (PM)

Podcasting icon Joe Rogan slammed the corporate media’s coverage of the Hunter Biden laptop saga on Saturday’s episode of his popular show featuring former CIA covert operations officer Mike Baker, the current CEO of a global intelligence firm. In the program’s segment, Baker noted the legacy media “love a good story.” “They don’t just love a good story. They love a narrative, and they’re willing to ignore facts to push that narrative. That’s what scares me,” Rogan said. Rogan noted he believes there are objective journalists who work for The Washington Post and The New York Times. “There’s real solid journalists out there,” Rogan acknowledged, “but I don’t necessarily know if you’re getting all the information,” he continued, causing Baker to break out in laughter.

“You’re not sure?” Baker asked Rogan sarcastically. “I think it’s safe to say that some f*ckery is afoot,” replied Rogan. “The New York Times, just now, is admitting that the Hunter Biden laptop is real. And, we remember from the debates, with Trump bringing it up to Biden, and Biden saying, ‘It’s bullshit.’ And it’s a lie, a flat-out lie. Everybody knew it was a lie,” Rogan went on, then referring to when The New York Post’s bombshell report on the infamous “laptop from hell” was suppressed on Twitter in October 2020. Rogan said the censorship “was just outright crazy,” mentioning that the conservative news outlet is “one of the oldest newspapers in the country.” He stressed how “nobody is apologizing.” CNN anchor Brian Stelter has refused to apologize for amplifying the “Russian disinformation” claim as well as the dozens of former intelligence officials who either doubled down or declined to comment.

“There’s a dynamic here,” Baker jumped in. “I love this topic, in a sense, not so much because of whatever the f*ck Hunter was up to, but in part, because now when you look at the liberal Dems and the progressives, it doesn’t matter to them.” Baker elaborated further on the topic of left-wing apathy to the Hunter Biden laptop story, saying, “If you read some of the narrative that’s out there now, the social media in the past day or so, ever since The New York Times came out with this, they’re just dismissive of it. They don’t care, or they’re willing to overlook it.” “Which is the same thing they accuse the right of doing. Both sides—we’ve talked about this before—both sides are just so f*ked up,” Baker added.

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Still haven’t seen one government promoting vit. D. Criminal.

Vitamin D For Covid-19: Real-time Meta Analysis Of 186 Studies (vdmeta)

” Statistically significant improvements are seen in treatment studies for mortality, ventilation, ICU admission, and hospitalization. 33 studies from 30 independent teams in 14 different countries show statistically significant improvements in isolation (25 for the most serious outcome). ” Random effects meta-analysis with pooled effects using the most serious outcome reported shows 81% [53 92%] and 38% [31 45%] improvement for early treatment and for all studies. Results are similar after restriction to 65 peer-reviewed studies: 77% [45 90%] and 38% [31 45%], and for the 42 mortality results: 76% [37 91%] and 37% [25 47%]. ” Late stage treatment with calcifediol/calcitriol shows greater improvement compared to cholecalciferol: 73% [57 83%] vs. 40% [21 54%]. ”


Sufficiency studies show a strong association between vitamin D sufficiency and outcomes. Meta analysis of the 115 studies using the most serious outcome reported shows 54% [49 60%] improvement. ” While many treatments have some level of efficacy, they do not replace vaccines and other measures to avoid infection. Only 10% of vitamin D treatment studies show zero events in the treatment arm. ” Elimination of COVID-19 is a race against viral evolution. No treatment, vaccine, or intervention is 100% available and effective for all current and future variants. All practical, effective, and safe means should be used. Denying the efficacy of treatments increases mortality, morbidity, collateral damage, and endemic risk.

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“So much of the medical establishment and doctors have been propagandized to have bizarre behaviors.”

800,000 Lives Could Have Been Saved with Ivermectin and HCQ – Kory (USAW)

In October, Dr. Pierre Kory, a world renowned pulmonary and critical care Covid expert, warned, “The suppression of early treatment in this country is one of the most historically calamitous actions, and history will not be kind here.” Sadly, Dr. Kory was right and explains, “If you look at us now, we are over 900,000 deaths, and a huge proportion could have been saved. If you look at Dr. Peter McCullough’s protocol, it was published in August of 2020. He argued for combination therapy protocols . . . a combination of Ivermectin (IVR) and Hydroxychloroquine (HCQ). We know the vast majority, 85% to 90% of the hospitalizations and deaths, would have been prevented. You apply that to, let’s say, 800,000 excess deaths, and you are talking about a massive humanitarian crisis that resulted from the suppression of early effective repurposed drug treatments.” (IVR & HCQ) Dr. Kory goes on to say, “We are in a war of information. They call us ‘misinformation-ists.’ They are ‘disinformation-ists.’

They are actually employing disinformation. They want everyone to be convinced that Ivermectin is a horse dewormer, and only uncredible people would take it for a viral syndrome. They have never shown it is an anti-viral, and it’s been shown for 10 years to work on a number of viruses. . . . So much of the medical establishment and doctors have been propagandized to have bizarre behaviors. They are still pushing vaccines because they have been told lies. They are still attacking Ivermectin based on lies and wrong information. It’s the same thing with Hydroxychloroquine.” When it comes to the so-called vaccines, Dr. Kory says it all should have come to a grinding halt with all the deaths from the inoculations very early on. Dr. Kory explains, “The stopping point for an experimental intervention, therapy or vaccine, that stopping point was exceeded within weeks of the rollout.

The scale of what we are talking about now is almost indescribable. The traditional stopping point with deaths associated, that was exceeded in January of 2021, and the agencies (FDA & CDC) ignored it. The VAERS (Vaccine Adverse Event Reporting System) data just kept climbing and climbing and climbing. I can’t even keep up. Last I checked, there were over 24,000 death reports in VAERS.” Dr. Kory goes on to talk about the unvaxed and vaxed patients he is treating. Dr. Kory talks about the deaths and injuries from the vaccines and thinks they will keep climbing as he predicted at the beginning of 2022. Dr. Kory will also tell you how you can help yourself no matter if you are vaxed or unvaxed.

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What the headline should be

 

 

Biden prosecutor

 

 

 

 

Dogs using tools
https://twitter.com/i/status/1505152106587693058

https://twitter.com/i/status/1505518012459270146

 

 

 

 

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