Feb 022022
 


Jan van Eyck Madonna and Child at the Fountain 1439 (height: 7.4“, 19cm)

 

Truckers Are Lighting “Brushfires of Freedom” In Millions of Minds (Rossini)
Ottawa City Councillor Wants To Seize Freedom Convoy GoFundMe Funds (RTN)
COVID Affects Your Memory (Gutentag)
Covid Vaccine Hesitancy Could Be Linked To Childhood Trauma (G.)
Lockdowns Had Little Or No Impact On Covid-19 Deaths (WT)
Big Tech Purges Anti-lockdown Scientists (JTN)
Scientists Speak Out On Being Silenced On Lab Leak Theory (Fox)
Watch The Diversion! (Denninger)
Top Doctor Calls for Reinstatement of People Fired Over Vaccine Mandates (TH)
Vaccine-Induced Myocarditis Injuring Record Number of Young People (CHD)
47 Million Americans Quit Their Jobs Last Year: ‘Uncharted Territory’ (CNBC)
It’s a Mitzvah, Not Anti-Semitism, To Attack Soros’ DA campaigns (Dov Fischer)
Soros Calls For Regime Change In China (RT)
New York Times Sues To Get Hunter Biden Information (Turley)
El Salvador Angrily Rejects IMF Call To Drop Bitcoin Use (AP)

 

 

A lot of farmers will not grow wheat at present fertilizer prices. In the US, many will switch to soy beans.

“Retail fertilizer is ripping in the Midwest as growers begin to put on purchases for spring product. Anhydrous has set a new record at $1492/ton, which is 200% more than this time last year. With harvest delivered corn in the low $5/bu range right now, it doesn’t pencil.”

 

 

Trucker
https://twitter.com/i/status/1488672963801104385

 

 

Urso

 

 

 

 

 

 

“..it’s impossible to centrally plan human life. Yet, there’s never a shortage of misguided individuals who are willing to give it a try.”

Truckers Are Lighting “Brushfires of Freedom” In Millions of Minds (Rossini)

Tyranny is nothing new. People who embrace it, and who lust after power, tend to follow a similar pattern. There are no brakes. They always push it too far. They always overplay their hand. They can’t seem to stop themselves once they have a grip on the population. Canada experienced a shocking amount of tyranny over the last several years. And yet, under the extreme pressure that the Canadian people were forced to endure, it appears that a diamond has been formed. Out came a force for liberty that has caught the attention of the entire world! We are born free, and meant to always stay free. Authoritarians, no matter how much data they chase after, can never know or anticipate everything.

Who could have predicted that a major spark would emerge in Canada? Yet, that is how the history of Liberty vs. power has always been. Who could have predicted that 13 colonies would secede from the biggest empire on earth back in 1776? In our world of perpetual uncertainty, it’s impossible to centrally plan human life. Yet, there’s never a shortage of misguided individuals who are willing to give it a try….and create mass human suffering in doing so. It’s hard enough to plan one’s own life, let alone venturing out and foolishly sticking your nose into someone else’s business. But this fact never seems to dawn on authoritarians, no matter how much logic, theory, and history backs it up.

The desire for freedom is innate. It can be suppressed, but not abolished. Life and Liberty are two sides of the same coin. Without Life, there is no Liberty. Without Liberty, there is no Life. When backed into an impossible corner, Life and Liberty always finds a crack to burst through. After 2 years of hardcore tyranny around the world, the ideas of freedom are bursting forth, first in Canada…

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Justin’s not the only Little Napoleon in town…

Ottawa City Councillor Wants To Seize Freedom Convoy GoFundMe Funds (RTN)

The public participation in online crowdfunding for public protests related to the Freedom Convoy taking place in Canada continues to be hit with roadblocks and is becoming a further threat to free expression and the right to protest. After first having GoFundMe temporarily block the release of some of the funds that Canadians have donated to help support the livelihoods of the truckers taking place in the demonstration, GoFundMe began to pay out the funds, with the first payment of $1M in Canadian dollars being released, the campaign organizer tweeted on Friday. However, the campaign has raised more than $7.3 million in Canadian dollars and those funds could now be at risk of being seized by the local government if some politicians get their way.

Mathieu Fleury, the Ottawa City Councillor of Rideau-Vanier Ward, has today announced his support for the government to launch a legal challenge to seize the remaining GoFundMe donations that had been collected online. “This morning, I have asked the city manager and city solicitor to immediately launch court proceedings targeting the millions of dollars in funds frozen by @GoFundMe so Ottawa taxpayers are not left holding the bag for these protests,” Fleury tweeted, before locking his account after facing backlash.

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“While COVID testing may be clinically valuable for people with symptoms, testing millions of asymptomatic people can lead to large-scale, unnecessary quarantines and disruptions (as Fauci has now admitted).”

COVID Affects Your Memory (Gutentag)

In December 2021, the CDC announced a change in quarantine guidelines from 10 days to five, with Fauci confessing that the purpose of the change was to “get people back to jobs” and Walensky stating that the guidelines were based on “what we thought people would be able to tolerate.” These statements came after months and years of restrictions based on the idea that no concern superseded the mitigation of COVID risks—that COVID policies were, by definition, above cost-benefit analysis. In 2020, Fauci and Francis Collins (then director of the National Institutes of Health) had orchestrated a media-assisted smear campaign to this effect against the scientists behind the Great Barrington Declaration, who argued for more focused protection of the elderly and immunocompromised instead of blanket lockdowns.

This effort to quash dissenting viewpoints lasted well past the point when vaccines became available for any adult who wanted them. Now, having attempted to damage the reputations of these scientists, Fauci believes that COVID mitigation policies must be balanced by other priorities. The CDC has also determined that Americans no longer have to test themselves at the end of the new quarantine period because they can stay positive for up to 12 weeks after infection. But this change in testing protocol only confirms that detection of the SARS-CoV-2 virus has never meant that someone is ill or contagious. A clinical case of a disease almost always involves symptoms, but for COVID, the definition of a “case” for the past two years has been a positive PCR test, symptoms or no symptoms.

In other words, while major news outlets presented rates of “cases” as synonymous with rates of illness, the number of positive PCR tests has never necessarily reflected the number of people sick with COVID (because the SARS-CoV-2 material detected by PCR may not be intact, abundant, or infectious). This was a problem in 2007 when the use of PCR tests to detect pertussis led scientists to believe they were observing an epidemic, only to discover that the tests had been generating false positives and patients most likely had other respiratory infections like the common cold. While COVID testing may be clinically valuable for people with symptoms, testing millions of asymptomatic people can lead to large-scale, unnecessary quarantines and disruptions (as Fauci has now admitted).

Nevertheless, state and city governments used “rising cases” to rationalize shutdowns, school closures, and mask mandates. Public health officials and the media portrayed these raw case numbers as a meaningful metric and presented testing as an infallible tool. In the past month, this approach has abruptly changed. When questioned about child hospitalization rates, Fauci recently cited broken bones and appendicitis as among the reasons for high hospitalization numbers, telling MSNBC, “It’s over-counting the number of children who are, quote ‘hospitalized with COVID,’ as opposed to because of COVID.” By the first week of January, data released by New York state showed that about half of all COVID patients in New York City hospitals were admitted for reasons other than COVID; in Los Angeles, the same was true for about two-thirds of COVID patients. The Los Angeles Times argued that the number of incidental hospitalizations during omicron means “this surge is different.” But how different is it, really?

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The craziest thing in quite some time. Those involved in its research and publishing should either get a big Stupidity Award, or be prosecuted.

Covid Vaccine Hesitancy Could Be Linked To Childhood Trauma (G.)

Refusal or reluctance to have a Covid-19 vaccine may be linked to traumatic events in childhood, such as parents separating, neglect, or physical, verbal and sexual abuse, new research suggests. Those who suffer in childhood are also least likely to trust official NHS coronavirus information, follow the rules of restrictions or wear masks during the pandemic, public health experts found. Two years after the virus first reached the UK and a year after vaccines to protect against it were made available for free on the NHS, millions of people have yet to be vaccinated. Almost one in 10 people in the UK – 9% – have still not had a single dose. Health experts and policymakers are urgently trying to figure out why.

Now the findings of a new study funded by Public Health Wales and published in the journal BMJ Open suggests that Covid-19 vaccine hesitancy may be linked to childhood trauma. Researchers surveyed 2,285 people aged 18 and over in Wales during lockdown restrictions between 2020 and 2021. They were asked about nine different adverse childhood experiences (Aces) as well as low trust in NHS Covid-19 information, whether they backed the removal of social distancing and mandatory face coverings, and breaking Covid rules and vaccine hesitancy. Aces include neglect, physical, psychological or sexual mistreatment, and growing up in a household affected by domestic violence, substance or alcohol abuse and other criminal justice problems.

Parents separating or divorcing, abandonment, or having a parent with a mental health condition are other examples of Aces. The nine Aces included in the study were: physical, verbal and sexual abuse, parental separation, exposure to domestic violence, living with a household member with mental illness, alcohol and/or drug misuse, or a family member in prison. Half of those in the study had not experienced any childhood trauma, one in five had suffered one type, about one in six reported two or three, and one in 10 reported four or more. The results showed that the more trauma people had experienced in childhood, the more likely they were to mistrust NHS Covid-19 information, to feel unfairly restricted by the government and to support the end of mandatory face masks.

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“..lockdowns should be rejected out of hand as a pandemic policy instrument..”

Lockdowns Had Little Or No Impact On Covid-19 Deaths (WT)

Lockdowns in the U.S. and Europe had little or no impact in reducing deaths from COVID-19, according to a new analysis by researchers at Johns Hopkins University. The lockdowns during the early phase of the pandemic in 2020 reduced COVID-19 mortality by about 0.2%, said the broad review of multiple scientific studies. “We find no evidence that lockdowns, school closures, border closures, and limiting gatherings have had a noticeable effect on COVID-19 mortality,” the researchers wrote. But the research paper said lockdowns did have “devastating effects” on the economy and contributed to numerous social ills. “They have contributed to reducing economic activity, raising unemployment, reducing schooling, causing political unrest, contributing to domestic violence, and undermining liberal democracy,” the report said.


“Such a standard benefit-cost calculation leads to a strong conclusion: lockdowns should be rejected out of hand as a pandemic policy instrument,” the paper concluded. Early on, many states and 186 countries imposed bans on work, socialization, in-person schooling, travel and other restrictions to limit the spread of the disease, citing recommendations by top health care experts. Researchers at the Imperial College London, for example, predicted that such steps could reduce death rates by up to 98%. That never happened, according to the new study by researchers Steve Hanke, Jonas Herby, and Lars Jonung at Johns Hopkins. “Overall, we conclude that lockdowns are not an effective way of reducing mortality rates during a pandemic, at least not during the first wave of the COVID-19 pandemic,” they wrote.

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“the whole history of the pandemic and the response are being rewritten in real time by Big Tech to cover up what happened..”

Big Tech Purges Anti-lockdown Scientists (JTN)

The campaign to get Joe Rogan booted from Spotify may have failed for now, but Big Tech appears to be ramping up its COVID-19 “misinformation” crackdown on medical and other figures. Two permanent social media bans bookended Rogan’s interview with mRNA vaccine pioneer-turned-critic Robert Malone, which birthed the trending phrase “mass formation psychosis.” Twitter cited Malone for COVID misinformation shortly before the interview, while LinkedIn “flushed my 30,000 connections and de-platformed me” days after, Malone wrote in his newsletter. “No explanations, no warnings were given.” The last complete archive of his page was Jan. 3.

Malone said he had rarely posted anything “controversial” on the Microsoft-owned professional social network due to his brief suspension last summer, which a LinkedIn “senior executive” blamed on the platform’s purported difficulty in “detangling complicated, subtle scientific claims.” YouTube reportedly removed uploads of the Rogan episode as well, and Malone and others claimed Google was manipulating search results for “mass formation psychosis” to hide the episode, contrasting the search engine’s results with competitor DuckDuckGo. The censorship has not chastened Malone, who has since claimed he “almost died” following his second Moderna vaccine dose, likely due to a “bad batch.”

LinkedIn shut down former Harvard Medical School epidemiologist and lockdown critic Martin Kulldorff’s account last week, allegedly reinstating it without explanation several hours after his affiliated Brownstone Institute noted the removal. It was also Kulldorff’s second brush with LinkedIn, which censored two of his posts for purported misinformation last summer. Twitter suspended his account for a month last spring for disputing the protective powers of commonly worn masks — a position that is now mainstream. The actions suggest “the whole history of the pandemic and the response are being rewritten in real time by Big Tech to cover up what happened, who wrote what and when, and how the thing fleshed itself out in real time,” wrote Brownstone Institute founder Jeffrey Tucker.

Malone Big Tech
https://twitter.com/i/status/1488548271505170433

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I bet most people still don’t believe the lab leak theory. Propaganda is sticky.

Scientists Speak Out On Being Silenced On Lab Leak Theory (Fox)

Some scientists have begun speaking out about efforts to silence researchers who raised concerns about the possibility that COVID-19 could have originated in a Chinese lab. “It shot from every direction from people who we now know were actually thinking exactly the same thing but have chosen to say the opposite, which is extraordinary,” Australian Dr. Nikolai Petrovsky, a Flinders University Medicine professor, told Fox News of the backlash he received for voicing concerns that the pandemic may have originated in a lab. Petrovsky was not alone, according to reporting from Fox News’ Benjamin Hall, who spoke with scientists from Israel, the U.S., Australia, Germany, the U.K., Australia and Germany. The scientists told Fox News that they received backlash and resistance to getting their work published, even from those who quietly believed in the possibility of the “lab-leak theory.”


“It’s taken two years for that to finally come out and be exposed,” Petrovsky said. The scientists say that there was a top-down effort aimed at protecting the scientific community from negative public attention, with fears spreading among scientists that a public realization that the pandemic may have spread due to gain-of-function research in a lab could hamper future experiments. Many in the scientific community who attempted to speak out about COVID-19’s origins were labeled conspiracy theorists in the media and by fellow scientists early on in the pandemic, even though the possibility of human error has now gained renewed attention from experts. The scientists expressed fear to Fox News that the silencing of such voices has led to little change, with gain-of-function research continuing both in the U.S. and abroad despite growing calls for international regulation.

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DARPA.

Watch The Diversion! (Denninger)

Let’s cut the crap eh? It’s established that DARPA was handed a proposal from Ecohealth, Duke, UNC and Palo Alto Labs that intended for work to be done at the WIV and then intentionally released into bat caves in China related to coronaviruses. It’s also established that DARPA told them to pound sand, because, as I’ve pointed out, it not only violated gain-of-function but also raised grave concerns about being dual use (that is, bioweapon use) and that Ecohealth was apparently claiming the right to do same on a foreign land where they neither owned the cave or the people around there that might get screwed. As it turns out people did get screwed and it appears to have initiated right there. There is evidence NIH funded this after DARPA told them to go to Hell. The evidence points to that how Covid-19 occurred.

Proved? Not yet. But if not… it’s a hell of a coincidence, isn’t it — both on what was being done and the timing. But note well that Trump, and Fox, are all over the Wuhan Institute only. Oddly silent is that institutions right here in the United States appear to have been part of it. They most-certainly were in the original proposal which has surfaced, I remind you. Exactly nobody has called for a full and open investigation into that, and there is evidence that they were involved after DARPA rejected the work too in the form of transfer agreements in late 2019, just before everything went to Hell. Where be the subpoenas out of Congress, may I ask? Where be anything other than the focus on China? Yeah, China was involved and covered it up. That’s clear.

But what’s also clear is that China has also not released the information including exactly what was transferred back, to whom and when. So yeah, let’s bag on China because they deserve it. But at the same time where’s the big fat wrecking ball and even criminal charges for those in the so-called “public health” and “research” community right here in the United States that got involved in this crap and, it appears, may well be equally responsible for what happened? Oh, you want to know why not? Here you go: The scientists expressed fear to Fox News that the silencing of such voices has led to little change, with gain-of-function research continuing both in the U.S. and abroad despite growing calls for international regulation. There you are. They’re still doing it.

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Very obvious. But who’s first?

Top Doctor Calls for Reinstatement of People Fired Over Vaccine Mandates (TH)

After instruction from President Joe Biden and federal government regulators, a number of corporations fired workers who refused the Wuhan coronavirus vaccine. They did so before the Supreme Court ruled Biden’s vaccine mandate for large companies was unconstitutional. Now, with worker shortages and long delayed scientific evidence from the Centers for Disease Control that the vaccine does not prevent the transmission of the virus, a number of companies are hiring back previously fired workers. Dr. Marty Makary, a top doctor for John’s Hopkins University, has been calling on companies to rehire fired employees for weeks. Now, he’s calling for workers to not only give people their jobs back but to issue an apology.


“Public-health officials ruined many lives by insisting that workers with natural immunity to Covid-19 be fired if they weren’t fully vaccinated. But after two years of accruing data, the superiority of natural immunity over vaccinated immunity is clear. By firing staff with natural immunity, employers got rid of those least likely to infect others. It’s time to reinstate those employees with an apology,” Dr. Makary writes in the Wall Street Journal. “None of this should surprise us. For years, studies have shown that infection with the other coronaviruses that cause severe illness, SARS and MERS, confers lasting immunity. In a study published in May 2020, Covid-recovered monkeys that were rechallenged with the virus didn’t get sick. Public-health officials have a lot of explaining to do.”

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Medical debt.

Vaccine-Induced Myocarditis Injuring Record Number of Young People (CHD)

In one-fourth (or more) of consumer bankruptcies, medical debt is the predominant causal factor, often triggered by “sudden adverse events.” As of 2022, vaccine adverse event reporting of heart disease following COVID vaccines had increased 15,600% in young people under the age of 30, compared to the previous 31 years of heart injuries reported following receipt of FDA-approved vaccines. Autism, linked to vaccines as well as other toxic exposures, furnishes a cautionary tale, potentially saddling families with lifetime care costs of $1.4 to $2.4 million. In 2010, a government study estimated 1 in every 38 vaccine doses (2.6%) produced an adverse reaction. However, the sluggish and adversarial vaccine injury compensation process and a sky-high burden of proof leave two-thirds of claims dismissed or in limbo.

Emergency Use Authorization COVID shots are even less likely to garner vaccine injury compensation. Attorneys caution, “If you have suffered a serious injury from a Covid-19 vaccine, you are basically on your own.” With over a million COVID-vaccine-related adverse events reported since December 2020, households are racking up extraordinary debt and turning to crowdfunding for help. Heart conditions, among the 20 most expensive conditions treated in American hospitals, pack a financial wallop. According to CDC, 96% of those under age 30 who experience heart injuries following COVID vaccination are hospitalized. Children tend to have a more sudden and severe myocarditis presentation than adults, with an estimated 7% to 15% mortality rate. Children hospitalized with myocarditis are more likely to die than children admitted with other diagnoses.

Studies of children and adolescents who developed myocarditis following COVID vaccination show a “potentially poor prognosis despite the heart seeming to have returned to normal.” According to Mayo Clinic, “the greatest burden of myocarditis may not be apparent for 6-12 years after diagnosis when children die or need to undergo cardiac transplantation.” Cardiac injuries triggered by dangerous COVID injections appear to be good for business. A July 2021 BusinessWire report forecast a booming market for cardiac assist devices, noting “increasing incidence of heart failure is driving growth.” Families, however, are left holding the bag not just emotionally, but financially, blindsided by financial impacts they surely never anticipated.

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Great Migration.

47 Million Americans Quit Their Jobs Last Year: ‘Uncharted Territory’ (CNBC)

Another historically high 4.3 million workers quit their jobs in December, according to the Labor Department’s latest Job Openings and Labor Turnover report, closing out a record-shattering year when roughly 47.4 million people voluntarily left their jobs for better work during the pandemic and Great Resignation. For comparison, 42.1 million people quit in 2019, at the time considered the tightest labor market on record. “All of this is uncharted territory,” says Rucha Vankudre, a senior economist at Emsi Burning Glass, a labor market analytics firm. The U.S. saw record-breaking months of turnover throughout 2021, with early signs of trouble kicking off in April as vaccination efforts improved, consumer activity rebounded and businesses scrambled to re-staff to meet demand.

Workers, especially in low-wage service roles, quit their jobs for higher pay and better work conditions. Employers responded to record turnover by “trying to get employees in the door” with signing bonuses, higher salaries, the option to work remotely and expanding their geographic hiring boundaries for teleworkers, Vankudre tells CNBC Make It. They’ve increased retention efforts by offering more employee training and development opportunities. “Employers are doing what they can at this point,” Vankudre says. She expects pay increases to continue unabated as a means of attracting new hires, retaining workers and pulling people back into the workforce. “What else can they do? We’ll have to see. They’ve done the things we’ve expected them to do at increasing rates, but what’s next?”

Even still, rising wages may not be enough to keep pace with the rate of inflation. Though wages rose 4.7% from a year prior, according to the Labor Department, consumer prices reached a 40-year high in December, when the consumer price index (which measures the cost of goods and services) showed a 7% jump year-over-year.

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Rabbi Dov Fischer is western regional vice president of Coalition for Jewish Values.

It’s a Mitzvah, Not Anti-Semitism, To Attack Soros’ DA campaigns (Dov Fischer)

Ever since Jonathan Greenblatt, a woke former Obama White House official, took over the Anti-Defamation League, it reflexively screams “Anti-Semitism!” when critics fault Soros’ political work — and the left loyally follows suit. It therefore falls upon established rabbis with authentic Jewish lifetime bona fides, like yours truly, to assert unequivocally that it’s a mitzvah (a righteous act) — not “anti-Semitism” — to castigate George Soros for his radical attempts to undermine public safety and the American republic. I’ll be clear: Political pundits, ranging from columnists to cartoonists to on-air talent, should not hesitate to condemn Soros as perhaps the most despicable person in public affairs.

Disbursing tens of millions of dollars, Soros has funded local campaigns across America to elect progressive district attorneys who agitate for the lethal cocktail of defunding police and decriminalization. These prosecutors tend not to prosecute property crimes or severe misdemeanors. Instead, they purposefully undercharge felonies as misdemeanors, then plead them down to disorderly-conduct violations. The result? A new term, “smash and grab,” has entered the crime lexicon. Soros just poured a whopping $125 million into a super PAC called Democracy PAC, noting the donation is a “long-term investment.” Prior to this, between 2015 and 2019, he and his affiliated PACs spent more than $17 million on local DA races. That number is believed to have topped $20 million from just 2020 to 2021.

Philadelphia District Attorney Larry Krasner received $1.7 million from a Soros PAC for the 2017 campaign that put him into office, an unheard-of sum for such a race. Last year, 559 people were murdered in his city, the most in history. Cook County, Ill., State’s Attorney Kim Foxx received $2 million from a Soros PAC. In 2021, 797 people were murdered in Chicago, 25 more than in 2020. Baltimore City State’s Attorney Marilyn Mosby was one of the first individuals Soros supported by when in 2014 he decided to fund progressive prosecutors’ election efforts. Despite progressive Mayor Brandon Scott’s attempt at “violence reduction” strategies, Baltimore’s homicide rate rose for a second year in a row, climbing to 337 in 2021.

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The damage one old man can do…

Soros Calls For Regime Change In China (RT)

Liberal billionaire George Soros called for the replacement of Chinese President Xi Jinping on Monday, comparing the upcoming 2022 Beijing Winter Olympics to the 1936 Olympics in Nazi Germany. In a speech delivered at the conservative Hoover Institution, Soros called China the “world’s most powerful authoritarian state” and “the greatest threat that open societies face today.” Soros claimed that China, “like Germany in 1936,” will “attempt to use the spectacle” of the upcoming Beijing Olympic Games “to score a propaganda victory for its system of strict controls.” He also called Xi “a true believer in communism,” unlike former Chinese leader Deng Xiaoping, who introduced free market reforms, and warned that “Mao Zedong and Vladimir Lenin are his idols.”


Soros concluded his speech with a call for regime change in China – echoing the current line of many American conservatives, who also oppose Xi’s leadership. It is to be hoped that Xi Jinping may be replaced by someone less repressive at home and more peaceful abroad “This would remove the greatest threat that open societies face today and they should do everything within their power to encourage China to move in the desired direction,” the billionaire declared. Soros is the founder and chairman of the Open Society Foundation, which backs liberal and left-wing causes in the US and around the globe, including Black Lives Matter, Planned Parenthood and immigration reforms. He has also taken an interest in US district attorney races, pouring millions into these contests, with some of these Soros-backed candidates now overseeing prosecution in America’s major cities.

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But only on “Romanian dealings”?

New York Times Sues To Get Hunter Biden Information (Turley)

We have repeatedly discussed the virtual new blackout on the influence peddling by the Biden family, particularly Hunter Biden. Despite overwhelming evidence of millions given by foreign companies and officials, the media has preferred to cover literal scoops over a story of breathtaking levels of self-dealing and corruption by the Bidens. Now, however, the New York Times has sued to force the Biden Administration to turn over information on Hunter Biden’s Romanian dealings. The lawsuit comes after another report that, in 2019, the FBI subpoenaed JP Morgan for records on Hunter Biden’s Chinese dealings.

In a new lawsuit on Monday, the Times sued the State Department to obtain emails from Romanian embassy officials sent between 2015 and 2019 mentioning a number of international business figures, including the president’s son and his former business associate Tony Bobulinski. While the request was sent in December 2021, the Biden Administration told the Times that the soonest that it could possibly turn over the information is April 15, 2023. That is after the mid-term elections. This story could be a bit awkward for the White House staff. When the New York Times Ken Vogel wrote about Hunter Biden’s dealings as a potential “significant liability,” Biden officials viciously attacked him while others suggested that he was a pawn of Russian or Trump disinformation. Of course, the allegations proved to be true and the infamous laptop is now considered authentic.

One of the most outspoken aides denying the entire story was Kate Bedingfield, who is now the director of White House Communications. She denounced the story as an “egregious act of journalistic malpractice.” Andrew Bates, who is now deputy director, tweeted “SCOOP from Philadelphia: KEN VOGEL (@kenvogel ) is a COWARD.” They will now handle questions on this story as White House officials. That includes why President Biden repeatedly said that no one had accused Hunter or his family of “doing anything wrong” when he was presumably aware of the FBI subpoena and the seizure of the laptop. Given these investigations, there is also the question of why a special counsel has not been appointed given President Biden’s past comments that have been contradicted by witnesses (as well as references to his own financial accounts in these emails).

The media and FBI investigations now cover transactions ranging from China, Ukraine, Russia, Romania, and other countries. Millions flowed to the Biden family while Joe Biden was Vice President and later as he prepared for a presidential run. Biden is still running out for ice cream and the media is dutifully covering it. The question however remains whether this will remain just desserts . . . or whether Hunter and others will receive their just deserts for influencing peddling.

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How hard will the IMF and World Bank come after El Salvador?

El Salvador Angrily Rejects IMF Call To Drop Bitcoin Use (AP)

The government of El Salvador on Monday rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country. Treasury Minister Alejandro Zelaya angrily said that “no international organization is going to make us do anything, anything at all.” Zelaya told a local television station that Bitcoin is an issue of “sovereignty.” “Countries are sovereign nations and they take sovereign decisions about public policy,” he said. The IMF recommended last week that El Salvador dissolve the $150 million trust fund it created when it made the cryptocurrency legal tender and return any of those unused funds to its treasury.

The agency cited concerns about the volatility of Bitcoin prices, and the possibility of criminals using the cryptocurrency. After nearly doubling in value late last year, Bitcoin has plunged in value. Zelaya said El Salvador has complied with all financial transaction and money laundering rules. The trust fund was intended to allow the automatic conversion of Bitcoin to U.S. dollars — El Salvador’s other currency — to encourage people wary of adopting the highly volatile digital currency. The IMF also recommended eliminating the offer of $30 as an incentive for people to start using the digital wallet “Chivo” and increasing regulation of the digital wallet to protect consumers. It suggested there could be benefits to the use of Chivo, but only using dollars, not Bitcoin.

“In the near-term the actual costs of implementing Chivo and operationalizing the Bitcoin law exceed potential benefits,” the report said. Salvadoran President Nayib Bukele had been dismissive of the IMF’s recommendation’s concerning Bitcoin. Government officials told the IMF that the launch of “Chivo” had significantly increased financial inclusion, drawing millions of people who previously lacked bank accounts into the financial system. They also spoke of the parallel tourism promotion targeting Bitcoin enthusiasts.

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Western Australia

 

 

 

 

Healthy child

 

 

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Jul 052016
 
 July 5, 2016  Posted by at 8:06 am Finance Tagged with: , , , , , , , , ,  1 Response »


Jack Allison “Utopia Children’s House, Harlem, New York.” 1938

Don’t Panic. Britain’s Economy Can Survive Just Fine Outside The EU (Mody)
The UK Desperately Needs A Lower Pound (Steen Jakobsen)
Brexit Accelerates the British Pound’s 100 Years of Debasement (BBG)
Meanwhile At The Most Systemically Dangerous Bank In The World… (ZH)
Standard Life Shuts Property Fund Amid Rush Of Brexit Withdrawals (G.)
EU Authority Fraying In Reaction To Brexit Vote (R.)
Draghi Should Have Done More To Help Italian Banks In 90’S, Says PM Renzi (R.)
Did a Fear of Slave Revolts Drive American Independence? (NY Times)
The Statue Of Liberty Was Built To Welcome Immigrants (Eggers)
The Elites Hate Momentum and The Corbynites – I’ll Tell You Why (Graeber)
In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve (NYT)
Sydney Home Prices Just Keep On Rising (BBG)
How Australia Is Sold Into Waging War In Ukraine (Helmer)
US Economist Galbraith Sheds Light On Varoufakis ‘Plan X’ (Kath.)
Wikileaks Publishes More Than 1,000 Hillary Clinton War Emails (Ind.)
Who The F**k Is Charlotte? (Jim Kunstler)

 

 

“Between 2000 and 2014, the share of British exports to Europe fell from 60 to 45%.”

Don’t Panic. Britain’s Economy Can Survive Just Fine Outside The EU (Mody

The European Union was not the principal reason why many felt economically and politically powerless, but its bureaucratic creep became a potent symbol of the overpowering force of globalization. The outgoing Prime Minister of Britain David Cameron, who likes to think of himself as modern-day Winston Churchill, had little understanding of these historical forces. Indeed, even Churchill had his historical blind spots. He petulantly called Gandhi a “half-naked fakir” and vehemently opposed Indian independence. But Cameron, seeking his petty political victories, was largely clueless about the larger stakes he ended up playing for. Tactical gains can lead to strategic advance only when guided by a larger vision. All Cameron wanted was greater hold over his party.

But once he let the genie out of the bottle, Cameron misjudged again by making an economic case for remaining in the European Union rather than attempting a serious political argument for Europe—one based on shared values. Perhaps there was no political argument to be made, but the effort to present an economic calculus for a political decision was bound to backfire. The economic numbers to make the case for Britain remaining in Europe were fanciful, however many economists and international organizations joined to endorse them.

Following Brexit, productive British trade with the European Union will survive just fine wherever it is based on long-lasting economic gains and social relationships. At the same time, the shift toward trade with the faster-growing United States and Asia will continue. Between 2000 and 2014, the share of British exports to Europe fell from 60 to 45%. Almost all new British trade is being created outside of Europe. The new tougher trade regime could even spur productivity growth. As the British economy inevitably disengages from Europe, empathy for European Union will decline further. A referendum five years from now will produce an even clearer decision to say out.

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“The UK’s problem remains their double deficit. The chronic budget and the current account deficits.”

The UK Desperately Needs A Lower Pound (Steen Jakobsen)

I am writing this chronicle from South Africa which is almost as far away from Europe and the constant and never ending Brexit talk as you can come. It’s hard even here to avoid the turbulence and never ending ‘need’ for investors and media to understand what comes next. The best analogy I can use is one from my extensive travels: When you arrive at an airport to check in, you have to pass security control when two options are at hand: The fast track or the slow version (economy class). Using the fast track gets you quicker to the gate and allows you pre-boarding, but what really should matter is that the actual flight time and route is the same for everyone in business and in economy. We arrive at EXACTLY the same time.

The point? What is now transpiring in an economic sense is that we have entered the fast track courtesy of Brexit, the selloff in GBP, the lowering of growth projections and in some places talk about reform and change which would have happened with or without the Leave vote. The UK’s problem remains their double deficit. The chronic budget and the current account deficits. The last time the UK ran a surplus on the current account was the year Italy won the World Cup in Spain and the top scorer was Paolo Rossi. you guessed it — 1982. The UK also has the lowest productivity of the G7 countries together with Japan.

Yes, the UK needs a lower GBP and desperately so and if the ERM crisis of 1992 is any guideline, what comes next for UK is more employment and a stronger GDP as seen in this chart from the excellent research done by Societe Generale. It would be naive to anticipate only positive changes from the increased political uncertainty but do realise that the slowdown in the UK but also Europe was happening before the surprise ‘Leave’ result.

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Loss of empire.

Brexit Accelerates the British Pound’s 100 Years of Debasement (BBG)

There have been few better ways to chart Britain’s decline from empire than its currency. Historians, economists and foreign-policy specialists point to the more-than 10% plunge since the June 23 referendum as signaling another downward leg in the U.K.’s global role and influence. “The history of the pound against the dollar over the last century is essentially a downward ladder with big permanent steps,” according to Rui Pedro Esteves, an associate professor in economics at Oxford University. The world’s oldest currency — sterling is derived from the old German “ster” for strong or stable – bought almost $5 during World War I. The day of the EU referendum, it traded at $1.50. It was at $1.3330 as of 4:33 p.m. on Monday.

HSBC analysts are among those forecasting $1.20 as a likely destination. Billionaire investor George Soros suggests $1.15, the equivalent of about a euro – about 60 cents below its average since 1971. “A country’s economic size measured in other currencies – for the U.K., measured say in dollars – is an indicator of its capacity to project power and influence internationally,” said Barry Eichengreen, a professor of economics at the University of California Berkeley. While some economists, including former BOE Governor Mervyn King, see the weaker currency as leading to more export competitiveness, others see the threat of recession and lower interest rates – combined with more insular politics and withdrawal from the world’s largest trading bloc – as undermining appetite for U.K. assets.

“If you look at the U.K. now, certainly part of what is going on is a result of the exchange rate’s adjustment to growth expectations,” said Maurice Obstfeld, chief economist at the IMF. The pound has been in steady decline, spurred on by a series of financial jolts, for most of the past century – just as Britain’s prominence on the international stage has diminished.

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Correlation AND causation.

Meanwhile At The Most Systemically Dangerous Bank In The World… (ZH)

Another day, another fresh record low in Deutsche Bank’s stock price… For comparison’s sake, Deutsche Bank is analogically equivalent to where Lehman was in August 2008… when the stock soared 16% on chatter of a Korean Development Bank bailout… which then was denied, crashing the stock and ending the party…

Shares in Lehman Brothers rose substantially Friday as investors renewed hopes that the troubled investment bank was moving closer to raising capital to buffer it against a deteriorating economic environment. Capping a volatile week, the stock soared 16% on a report that the state-run Korea Development Bank was considering buying the bank, an idea that a spokesman for the South Korean firm said was “erroneous.” Lehman’s stock closed the day up 5% at $14.41.

The spokesman for Korea Development Bank told The New York Times that the bank was in the process of being privatized and was looking at various acquisitions. But he denied that buying Lehman was an option. “We have various thoughts for our future, but we don’t have any specific institutions in mind,” said the spokesman, who declined to be named, citing company policy. Lehman’s suddenly soaring stock underscores the volatility surrounding the firm as it scrambles to assess its options in the face of an abysmal third quarter. Only days ago, its shares tumbled more than 13%.

We wait for chatter of a Deutsche Bank ‘offer’ rumor any day now. We are sure it’s nothing. How can it be a problem given that US equities are so strong? right?

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Can’t be just one fund that has these problems.

Standard Life Shuts Property Fund Amid Rush Of Brexit Withdrawals (G.)

Investors in Standard Life’s property funds have been told that they cannot withdraw their money, after the firm acted to stop a rush of withdrawals following the UK’s decision to leave the EU. The firm halted trading on its Standard Life Investments UK Real Estate Fund and associated funds at midday on Monday, citing “exceptional market circumstances” for the decision. It said the suspension would remain in place until it is “practicable” to lift it, and that it would review the decision at least every 28 days. The £2.9bn fund, which invests in commercial properties including shopping centres, warehouses and offices, is thought to be the first UK property fund to suspend trading since the 2007-2009 financial crisis, when some of the biggest names in investment management stopped withdrawals because they did not have the money to repay investors.

Standard Life’s decision is the latest in a line of moves by investment firms to stem flows out of their property funds. Standard Life last week, together with rivals Henderson, Aberdeen and M&G, reduced the amount investors cashing in holdings would get back by up to 5%. In a statement, Standard Life said the decision followed an increase in redemption requests from investors. “The suspension was requested to protect the interests of all investors in the fund and to avoid compromising investment returns from the range, mix and quality of assets within the portfolio,” the company said.

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Juncker’s days are definitely numbered. But nobody seems to either know nor agree what should be next.

EU Authority Fraying In Reaction To Brexit Vote (R.)

[..] Italian Prime Minister Matteo Renzi, who has fought to bend EU budget deficit rules and now seeks to pump billions of euros into his country’s ailing banks if needed to shore them up, said on Monday the EU was run by “a technocracy with no soul”. He also opposed sanctions against fellow southern members Spain and Portugal for violating the EU’s deficit limits last year – a step the Commission is due to consider on Tuesday in a German-backed drive to uphold the much-abused budget rules. Italy’s banks are saddled with €360 billion in bad loans and their share prices plunged after last month’s Brexit vote. Rome is in talks with the EU Commission to devise a plan to recapitalize its lenders with public money limiting losses for bank investors.

Dutch and German ministers have attacked a Commission decision that the European Parliament can approve a trade pact with Canada without referring it to national parliaments. The Dutch parliament was assured it would have a chance to weigh in on the treaty. But perhaps most worryingly for the EU, senior ministers in Germany, the bloc’s reluctant hegemon, are advocating shrinking the executive Commission, trimming its powers, and bypassing common European institutions to take more decisions by intergovernmental agreement. A call from veteran German Finance Minister Wolfgang Schaeuble, long an advocate of closer integration, to shift more policy decision-making to governments for expediency’s sake was among the most striking indicators of the mood around Europe.

“If the Commission doesn’t get involved, then we should take the matter into our own hands and solve problems between governments,” Schaeuble told Welt am Sonntag newspaper, saying now was a time for pragmatism. “This intergovernmental approach proved successful during the euro zone crisis,” he added.

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Renzi, in trying to save his career, becomes a danger to Brussels.

Draghi Should Have Done More To Help Italian Banks In 90’S, Says PM Renzi (R.)

Italian Prime Minister Matteo Renzi criticized ECB Governor Mario Draghi for not having done more to resolve Italy’s banking woes when he held a key Treasury job in Rome in the 1990s. Renzi’s rare public criticism of Draghi came on the day Italy’s third-largest lender, Banca Monte dei Paschi di Siena (BMPS.MI), said that the ECB had asked it to cut its bad debts by 40% within three years, heaping more pressure on Rome to stabilize its banking system. After taking power in 2014, Renzi’s government introduced reforms aimed at strengthening the country’s cooperative banks, but several are struggling to stay afloat and a bailout fund took control of Veneto Banca last week after the ECB said it had to raise capital or close.

“If the measures concerning the cooperatives had not been taken by us but by the centre-left government that first put them forward, but was not strong enough to enact them in 1998 … then we would not have this problem,” Renzi said. The prime minister said that Draghi was director general of the Treasury at that time, with Carlo Azeglio Ciampi serving as economy minister. “And if people had the strength and intelligence to keep politics out of the banking system a bit before we did it … we would not have had cases like Monte dei Paschi di Siena,” Renzi told a meeting of his centre-left Democratic Party (PD).

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How things are seldom what they seem. Or people, for that matter.

Did a Fear of Slave Revolts Drive American Independence? (NY Times)

For more than two centuries, we have been reading the Declaration of Independence wrong. Or rather, we’ve been celebrating the Declaration as people in the 19th and 20th centuries have told us we should, but not the Declaration as Thomas Jefferson, Benjamin Franklin and John Adams wrote it. To them, separation from Britain was as much, if not more, about racial fear and exclusion as it was about inalienable rights. The Declaration’s beautiful preamble distracts us from the heart of the document, the 27 accusations against King George III over which its authors wrangled and debated, trying to get the wording just right. The very last one — the ultimate deal-breaker — was the most important for them, and it is for us:

“He has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian savages, whose known rule of warfare is an undistinguished destruction of all ages, sexes and conditions.” In the context of the 18th century, “domestic insurrections” refers to rebellious slaves. “Merciless Indian savages” doesn’t need much explanation. In fact, Jefferson had originally included an extended attack on the king for forcing slavery upon unwitting colonists. Had it stood, it would have been the patriots’ most powerful critique of slavery. The Continental Congress cut out all references to slavery as “piratical warfare” and an “assemblage of horrors,” and left only the sentiment that King George was “now exciting those very people to rise in arms among us.”

The Declaration could have been what we yearn for it to be, a statement of universal rights, but it wasn’t. What became the official version was one marked by division. Upon hearing the news that the Congress had just declared American independence, a group of people gathered in the tiny village of Huntington, N.Y., to observe the occasion by creating an effigy of King George. But before torching the tyrant, the Long Islanders did something odd, at least to us. According to a report in a New York City newspaper, first they blackened his face, and then, alongside his wooden crown, they stuck his head “full of feathers” like “savages,” wrapped his body in the Union Jack, lined it with gunpowder and then set it ablaze.

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Reflecting on Lady Liberty’s right foot.

The Statue Of Liberty Was Built To Welcome Immigrants (Eggers)

Though she is the most recognisable symbol of the American experiment, there is something about the Statue of Liberty that goes largely unnoticed. And that is that she is moving. The torch in her right hand, symbolising enlightenment, cannot be ignored and is never overlooked. The book in her left hand, with 4 July carved in roman numerals, is not likely to be missed. Nor are the seven spikes of her crown, matching the world’s seven continents and seven seas. And though, if pressed, we remember that she is wearing sandals, we forget, if we ever knew, that the Statue of Liberty is on the go. Take the ferry to Liberty Island. As your boat rises and falls on the rough waters of New York Harbor, you will see, with undeniable clarity, that her right foot is striding forward.

And around her feet are chains, broken, which sculptor Frédéric Auguste Bartholdi meant to symbolise the breaking of the chains of bondage and tyranny. She is caught, forever, in the moment of becoming free. The 305ft statue is a marvel of artistry and engineering, and there are many details to admire, but none is more important than her right leg, which is stepping forward, and stepping forward not casually but with great striding purpose. This right foot, though largely unheralded, might be its most important feature. For what would it mean if the symbol of liberty were standing still? That would imply that freedom is static, that once established, it’s a settled thing. But freedom is not a settled thing.

It would imply that once the first few million immigrants arrived on American shores, fleeing religious bigotry or political violence or ethnic persecution, then the United States should or could close its gates. It would imply that the welcoming of new arrivals, the poor and tired and struggling to be free, was a temporary thing, that the welcoming of the world’s oppressed was a thing of the past. But the welcoming of the world’s oppressed is not a thing of the past. We live in a moment when shrill voices tell us that not only should immigration be stifled, but that millions of current residents should be deported, returned to their country of origin, no matter the consequences for their souls or our consciences. These fearful voices put forth a direct repudiation of the origin and elemental purpose of this country, and to the meaning of the statue that we accept as our talisman.

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The coup against Corbyn is also linked to Tony Blair’s possible indictment, and the risks that brings for those in the party who are linked to him.

The Elites Hate Momentum and The Corbynites – I’ll Tell You Why (Graeber)

As the rolling catastrophe of what’s already being called the “chicken coup” against the Labour leadership winds down, pretty much all the commentary has focused on the personal qualities, real or imagined, of the principal players. Yet such an approach misses out on almost everything that’s really at stake here. The real battle is not over the personality of one man, or even a couple of hundred politicians. If the opposition to Jeremy Corbyn for the past nine months has been so fierce, and so bitter, it is because his existence as head of a major political party is an assault on the very notion that politics should be primarily about the personal qualities of politicians. It’s an attempt to change the rules of the game, and those who object most violently to the Labour leadership are precisely those who would lose the most personal power were it to be successful: sitting politicians and political commentators.

If you talk to Corbyn’s most ardent supporters, it’s not the man himself but the project of democratising the party that really sets their eyes alight. The Labour party, they emphasise, was founded not by politicians but by a social movement. Over the past century it has gradually become like all the other political parties – personality (and of course, money) based, but the Corbyn project is first and foremost to make the party a voice for social movements once again, dedicated to popular democracy (as trades unions themselves once were). This is the immediate aim. The ultimate aim is the democratisation not just of the party but of local government, workplaces, society itself.

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In a nutshell: “..One reason for the aggressive tactics is that the state depends on Wall Street investors to finance student loans..”

In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve (NYT)

New Jersey’s loans, which currently total $1.9 billion, are unlike those of any other government lending program for students in the country. They come with extraordinarily stringent rules that can easily lead to financial ruin. Repayments cannot be adjusted based on income, and borrowers who are unemployed or facing other financial hardships are given few breaks. The loans also carry higher interest rates than similar federal programs. Most significant, New Jersey’s loans come with a cudgel that even the most predatory for-profit players cannot wield: the power of the state. New Jersey can garnish wages, rescind state income tax refunds, revoke professional licenses, even take away lottery winnings — all without having to get court approval.

“It’s state-sanctioned loan-sharking,” Daniel Frischberg, a bankruptcy lawyer, said. “The New Jersey program is set up so that you fail.” The authority, which boasts in brochures that its “singular focus has always been to benefit the students we serve,” has become even more aggressive in recent years. Interviews with dozens of borrowers, who were among the tens of thousands who have turned to the program, show how the loans have unraveled lives. The program’s regulations have destroyed families’ credit and forced them to forfeit their salaries. One college graduate declared bankruptcy at age 26 after struggling to repay his debt. The agency filed four simultaneous lawsuits against a 31-year-old paralegal after she fell behind on her payments.

Another borrower, Chris Gonzalez, could not keep up with his loans after he got non-Hodgkin’s lymphoma and was laid off by Goldman Sachs. While the federal government allowed him to suspend his payments because of hardship, New Jersey sued him, seeking $266,000 in payments, and seized a state tax refund he was owed. One reason for the aggressive tactics is that the state depends on Wall Street investors to finance student loans through tax-exempt bonds and needs to satisfy those investors by keeping losses to a minimum. Loan revenues also cover about half of the agency’s administrative budget.

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How to kill a city.

Sydney Home Prices Just Keep On Rising (BBG)

Sydney home prices resumed their upward march as dwindling supply outweighs tighter loan approvals by lenders. Dwelling values climbed 1.2% in June, taking gains for the second quarter to 6.8%, according to data from CoreLogic. The market is getting a leg up after a slowdown at the end of last year in Australia’s largest city, as new listings fell more than 16% from a year earlier to the lowest in five months in June, according to the data.

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How to kill a country: “..it is financed by grants from the Australian Department of Defence, the Australian Army, the Australian Federal Police, the Dutch Foreign Ministry, and the Japanese Government; plus Raytheon, Northrup Grumman, Lockheed Martin, and Boeing..

How Australia Is Sold Into Waging War In Ukraine (Helmer)

Among Turnbull’s last-minute ploys to attract votes, one was the leak last month of Australian cabinet plans for an Australian Army force to fight in eastern Ukraine, alongside Dutch and other NATO units, to destroy the Donetsk and Lugansk rebellion against the regime in Kiev. Turnbull’s leak had suggested that Tony Abbott, the prime minister Turnbull had pushed aside to take the job, dreamed up the plan of Australian war at the Russian frontier by himself. The new report by Dibb now corroborates the idea of an Australian military expedition against Russia, in exchange for improved American commitments to defend Australia from the Chinese closer to home, in the Pacific.

“How things work out in Europe,” Dibb claims, “will affect Washington’s ability to reassure allies and partners everywhere, including those in our region who must contend with increasing coercion by China.” Unless Australia does more fighting with the Americans on the Russian front, he concludes, “China will take advantage of this, and allies and partners of the US in the region -including Australia- would be subject to further uncertainty about American military commitments to Asia.” Combating “Russia’s aggressive military behaviour “is necessary because, otherwise, “both Moscow and Beijing will be seen as getting away with it.” The 40-page Dibb report is entitled “Why Russia is a threat to the international order”. Read it in full. The publisher is a think-tank headquartered in Sydney called the Australian Strategic Policy Institute (ASPI).

It says “ASPI was established, and is partially funded, by the Australian Government as an independent, non-partisan policy institute.” The institute’s financial reports reveal it is financed by grants from the Australian Department of Defence, the Australian Army, the Australian Federal Police, the Dutch Foreign Ministry, and the Japanese Government; plus Raytheon, Northrup Grumman, Lockheed Martin, and Boeing — the leading arms-exporting corporations of the US. European arms builders also funding ASPI include the European missile-maker MBDA, BAE Systems, ThyssenKrupp Marine Systems, Rheinmetall, Airbus, and Navantia, the Spanish state shipbuilder. When Australians march into the field against the Russians, these suppliers aim to provide the best kit Australian money can buy.

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Tsipras might have done well to pay some more attention.

US Economist Galbraith Sheds Light On Varoufakis ‘Plan X’ (Kath.)

The Plan B for Greece that was drafted by former Greek Finance Minister Yanis Varoufakis foresaw the declaring of a state of emergency, the immediate nationalization of the Bank of Greece, the transformation of bank deposits into a New Drachma and emergency public order measures, according to a book by American economist James Galbraith, Varoufakis’s chief coordinator for the plan. In the book, “Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe,” which has been translated into Greek, Galbraith describes in detail Varoufakis’s plan for moving Greece to a parallel banking system last year.

Those privy to the Plan B – or Plan X as Varoufakis is said to have called it – would meet in conditions of high secrecy involving secure communications and the depositing of cell phones in hotel refrigerators. According to Galbraith, during the transition phase, the ministries of Defense and the Interior would have been responsible for public order, fuel supplies would be controlled, while employees at important public institutions (schools, hospitals, police) would be mobilized. Even though there was a high-level meeting about the plan, Galbraith said the prime minister did not ask to be briefed, so work on the endeavor ended with the submission of an extensive memo in May.

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At some point, indictment or not, enough people will realize that Clinton is too much of a risk for the credibility of the entire American political system.

Wikileaks Publishes More Than 1,000 Hillary Clinton War Emails (Ind.)

WikiLeaks, the anti-secrecy website, has released more than 1,000 emails from Hillary Clinton’s private email server pertaining to the Iraq War. The website tweeted a link to 1,258 emails on Monday that Clinton sent during her time as secretary of state. According to the release, the emails were obtained from the US State Department after they issued a Freedom of Information Act request. However, it’s unclear if any of the information is classified. WikiLeaks founder Julian Assange previously claimed that his website obtained enough proof for the FBI to indict the presumptive Democratic nominee for president.

“We could proceed to an indictment, but if Loretta Lynch is the head of the DOJ in the United States, she’s not going to indict Hillary Clinton,” Assange told ITV. “That’s not possible that could happen.” The newly released information will likely only serve as political fodder for the presumptive Republican nominee Donald Trump, as Clinton met with FBI investigators over the weekend wrapping up the lengthy investigation. Sources close to the probe recently told CNN that the bureau will announce no charges against Clinton in the weeks to come.

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Ha! Funny! But I think Lynch’s involvement is far more insidious than this.

Who The F**k Is Charlotte? (Jim Kunstler)

The mighty Shakespeare in his direst night sweats could not have conjured up the Clinton family in all their sharp angles and dark corners, but we can try to reconstruct the scene last week on Loretta Lynch’s plane out on the Phoenix airport tarmac.

Former president Bill steps aboard:
• Loretta: What the fuck are you doing here?
• Bill: I just had to tell you what Charlotte did last week.
• Loretta: Who the fuck is Charlotte?
• Bill: Our grand-kid. She’s turning into a good little earner.
• Loretta: We can’t meet like this. We’re about to depose your wife.
• Bill: Charlotte gave a speech to the whole Citibank C-suite.
• Loretta: I don’t give a fuck. Get off my plane right now!
• Bill: Well, I don’t know if ‘speech’ is the right word. She gurgles nice.
• Loretta: I guess you didn’t hear me.
• Bill: She pulled in fifty grand for that. Of course it was 100% remitted to the foundation. Well, bye now. (Exits plane).

I have a theory about the Clinton family dynamic. Bill does not want Hillary to win because he doesn’t want to live in the White House again. For sure he does not want to live with The Flying Reptile, but he especially doesn’t want to be on display in that fishbowl where folks pretty much can see what you’re up to 24/7. For one thing, “The Energizer” can’t discreetly come and go. But he certainly doesn’t want to concern himself as “First Husband” or “First Gentleman” (title TBD) with deciding which fabric to choose in replacing the East Room draperies. So Bill decided to fix things for sure with that innocent visit to the US Attorney General’s airplane to talk about grand-kids.

It seems to be working. If there was any question that Loretta Lynch could just sit on her hands about Hillary’s email investigation through the November election, it went up in a vapor last week. It also left the FBI director on the hot seat because now he will have to either cough up a referral to Justice Department prosecutors, or he’ll have some ‘splainin to do in the heat of a presidential election campaign. If you thought Watergate was a ripe peach, this one is beginning to look like a stinking durian (Durio zibethinus).

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