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Debt Rattle October 6 2023

Oct 062023
 
 October 6, 2023  Posted by at 8:30 am Finance Tagged with: , , , , , , , , , ,  26 Responses »


Andrei Rublev Trinity 1411

 

• The Police State Targets Trump and Trump Americans (Paul Craig Roberts)
• Divine intervention and The End of The War in Ukraine (Doctorow)
• Ukraine’s Backers Blinded By Russia Hate – Jeffrey Sachs (RT)
• No ‘End of History’ in Ukraine (Scott Ritter)
• Americans Souring On Military Aid To Ukraine – Poll (RT)
• Biden Weighing Use of State Department Grants to Afford Ukraine Aid (DeMartino)
• EU Can’t Compensate Ukraine For Missing Us Aid – Borrell (RT)
• Ukraine ‘Corrupt at All Levels’, ‘Not Eligible’ to Join EU – Juncker (Sp.)
• Depleted Ukrainium (Patrick Lawrence)
• Putin’s Valdai Speech: Multipolar Future Has Arrived (Sp.)
• MAGA Power Rocks The US Establishment (Blankenship)
• Trump Slams Biden’s Border Crisis, Says ‘Our Country is Being Invaded’ (Sp.)
• The Largest Healthcare Strike in U.S. History (Pappas)
• Europe Could Become Energy Self-Sufficient In $2 Trillion Push – Study (RT)

 

 

 

 

47

 

 

RFK Housing

 

 

Matt Gaetz: “I agree with all of these reforms.”

 

 

Letitia

 

 

Orban

Orban

 

 

 

 

 

 

“This is America today as misgoverned by Democrats, hard left security agencies, and a Woke military establishment. Don’t expect them to allow themselves to be overthrown by an election.”

• The Police State Targets Trump and Trump Americans (Paul Craig Roberts)

In the Democrats ongoing efforts to interfere in the upcoming election the Criminals Have Set the FBI after Trump Supporters and the IRS on Trump Donors. The presstitute Newsweek Magazine reports that “Exclusive: Donald Trump Followers Targeted by FBI as 2024 Election Nears” Zero Hedge reports that the IRS has brought five audits against Mike Lindell’s company, MyPillow. The Newsweek story reads like one handed to presstitute William M. Arkin by the FBI itself. In Newsweek’s opening lines, Arkin sets up Trump Supporters as “domestic terrorists.” “The federal government believes that the threat of violence and major civil disturbances around the 2024 U.S. presidential election is so great that it has quietly created a new category of extremists that it seeks to track and counter: Donald Trump’s army of MAGA followers.”

But not so quietly as to keep it from Newsweek. Arkin adds: “the vast majority of its current ‘anti-government’ investigations are of Trump supporters, according to classified data obtained by Newsweek.” If you doubt the narrative, you are anti-government. Where is the ACLU and Congress when freedom of speech is being criminalized? An anonymous FBI official cries on Arkin’s shoulder, explaining that the FBI simply has to prevent domestic terrorism and insurrections by Trump supporters, but by doing so “runs the risk of provoking the very anti-government activists that the terrorism agencies hope to counter.” In other words, the FBI is going to create the threat it warns about. According to Newsweek, Homeland Security and the FBI are discussing whether to employ against MAGA Republicans “the methods of counterterrorism developed over the past decade in response to Al-Qaeda and other Islamist groups.”

In other words, mass roundups, suspension of habeas corpus and due process, execution on suspicion alone. Bush/Cheney/Obama put these unconstitutional rules in place by presidential edicts. They built the foundation for the police state that is springing up around us. To be sure we get the message that Trump supporters are even a greater threat to Washington than Russia, China, and Iran combined, Arkin quotes the FBI: “”The threat posed by domestic violent extremists is persistent, evolving, and deadly.” Have you seen this threat? Where is it? What building has the threat blown up? What person has the threat assassinated? What city’s business center has it looted and burnt down? All the domestic violence has been committed by Black Lives Matter and Antifa and the Democrats gave them a pass. Instead of arrests, blue cities awarded the real domestic terrorists millions of dollars for being arrested for violating curfews.

According to Arkin, the FBI now officially recognizes “Trump and his army of supporters” as “a distinct category of domestic violent extremists.” This makes clear why the FBI created the January 6 “Insurrection” hoax and why the presstitutes hyped it to the hilt. Not even Gobbles could have turned a couple hundred unarmed people into an Insurrection, but the US media did. This orchestrated “Insurrection” is the basis for the demonization of Trump and half or more of US voters as “domestic extremists.” [..] This is America today as misgoverned by Democrats, hard left security agencies, and a Woke military establishment. Don’t expect them to allow themselves to be overthrown by an election.

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“..the collapse of support for Ukraine will be attributable to the true collapse of American political culture..”

• Divine intervention and The End of The War in Ukraine (Doctorow)

CNN, EuroNews, the BBC: their broadcasts this morning were all about the vote yesterday in the U.S. House of Representatives to “vacate” the position of the Speaker, meaning the removal of Kevin McCarthy. Specialists on U.S. constitutional law have been given the microphone to explain what the duties and powers of the Speaker are, to tell us how this is unprecedented, the first time in U.S. history that a Speaker has been removed from office. Political analysts have spoken on air at great length on who were the eight who precipitated the vote that brought down the Speaker. They have been described as trouble makers, rabble rousers who want only to obstruct the working of the federal government.

Some have taken this line of conduct back to the Tea Party rebels within the Republican Party, and to the later emergence of the most fervent Trump supporters who sought to overthrow the consensus of America’s ruling elites. There is a lot of truth in these characterizations, but they do not consider the positive side to the removal of the House leader and effective shutdown of the legislative branch of government. I will try to address that here. The most positive element is that it all validates the “checks and balances” notion of governance that was a guiding principle of the nation’s founders. The whole country has been run under successive Democratic administrations as if there is no alternative, as if “checks and balances” were not applicable to those who are the heralds of progressive humanity, meaning themselves.

All of those who have disagreed with the Democratic party positions on everything and anything are, in the apt words of candidate Hilary Clinton in 2016 “deplorables.” Well, yesterday the deplorables had their day in court and they won. Why am I saying all of this in a newsletter that is dedicated to foreign policy issues? Because the net result of the removal of Mr. McCarthy yesterday is to halt for an indefinite time all substantive work to restore to the federal budget the $6 billion or so of the total $24 billion for 2024 that was deleted from the compromise budget bill that passed Congress this past weekend and was signed by the President to finance the working of the federal government for the coming 45 days. I take “indefinite time” to be rather prolonged, given that the internecine war going on within the Republican party on Capitol Hill is fierce and uncompromising.

This creates the real possibility that there will be no stratagem, no dirty trick that Biden and his fellow war criminals in power can turn to continue assistance to Ukraine. Absent this oxygen, the Ukrainian war effort will shut down rather swiftly. Europe will be aghast but is unable to fill in for the missing American contribution. The irony of these developments is that the Ukrainian war may end for entirely arbitrary reasons within the U.S. power structure. All the efforts of Jeffrey Sachs and John Mearsheimer that brought to the attention of millions of youtube watchers the guilt of the West for this supposedly “unprovoked” war will have played no role in the denouement. Nor will one even be able to say that those in Congress who opposed further aid to Ukraine did so not because they are peace-niks but because they prefer to do battle with China. No, the collapse of support for Ukraine will be attributable to the true collapse of American political culture.

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“We have stoked so much provocation in this, so much anxiety, overthrowing governments, starting multiple wars, pushing NATO enlargement, abandoning nuclear agreements, and then saying, ‘Oh, he doesn’t want to negotiate..’”

• Ukraine’s Backers Blinded By Russia Hate – Jeffrey Sachs (RT)

Kiev’s globalist and neo-conservative supporters in the West are so driven by their hatred of Russia that they completely disregard the hundreds of thousands of Ukrainians who are dying in a futile effort to defeat Moscow’s forces, US public policy analyst Jeffrey Sachs has argued. Sachs, an award-winning economist who advised the Russian and Ukrainian governments following the breakup of the Soviet Union, made his comments in an interview posted on Thursday by US podcast host Andrew Napolitano. Asked how the US and its NATO allies can ignore the catastrophic destruction of Ukraine while prolonging the conflict and making false claims of battlefield successes, Sachs said they are “blinded” by their hatred of Russia.

“They are not counting the Ukrainian dead,” the analyst said. “They have lied to the public all along about the military situation . . . . They want so much to fight Russia and have someone else do the fighting and the dying that they want another massive recruitment of the remaining Ukrainian young men that can be grabbed off the streets and be thrown into the killing fields.” More than 83,000 Ukrainian troops have been killed during a Donbass counteroffensive that began in June, according to an estimate released by the Russian Defense Ministry last month. Despite knowing that the Ukrainians have no chance of making major gains on the battlefield amid Russia’s air superiority and artillery dominance, Kiev’s benefactors have shown a “grotesque” disregard for the heavy casualties, Sachs said.

He argued that the UK, in particular, has championed the counteroffensive because of London’s centuries-long and deeply embedded desire to crush Russia. sSachs, now a UN adviser and director of the Center for Sustainable Development at Columbia University, has argued that NATO’s expansion into Eastern Europe helped trigger the current crisis. He said Washington and its allies missed many opportunities to avoid the current conflict, then kept it going by discouraging Ukrainian President Vladimir Zelensky from finalizing a peace deal with Russia in March 2022. Responding to claims by former US Secretary of State Hillary Clinton that critics of Washington’s Ukraine policy are “siding with” Russian President Vladimir Putin, Sachs argued that he’s showing concern for the Ukrainian people.

“I don’t want Ukraine to be completely destroyed by these neocons, by their fantasy world, by their desire to throw Ukrainians by the hundreds of thousands to their deaths,” he said. He added, “This isn’t siding with Putin or siding with anybody. This is trying to protect Ukraine from American zealots.” Sachs claimed that US President Joe Biden must reach out to Putin to negotiate an end to the bloodshed, which would involve ruling out adding Ukraine to NATO, as well as addressing Russia’s legitimate security concerns. “We have stoked so much provocation in this, so much anxiety, overthrowing governments, starting multiple wars, pushing NATO enlargement, abandoning nuclear agreements, and then saying, ‘Oh, he doesn’t want to negotiate,’” the analyst said.

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“Francis Fukuyama’s triumphalist post-Cold War vision of liberal democracy — published in 1989 — had a major blindspot. It omitted history.”

• No ‘End of History’ in Ukraine (Scott Ritter)

Of the many points of conflict occurring in the world today, one stands out as a manifestation of the ongoing fascination liberal democracy adherents have with the victory over communism, which they thought was won more than three decades ago, namely, the ongoing conflict between Russia and Ukraine. Political scientists in the Fukuyama “end of history” school view this conflict as being derived by the resistance of the remnants of Soviet regional hegemony (i.e., modern-day Russia, led by its president, Vladimir Putin) over the inevitability of liberal democracy taking hold. But a closer examination of the Russian-Ukraine conflict points to the present conflicts being born of not simply the incomplete divorce of Ukraine from the Soviet/Russian orbit that occurred at the end of the Cold War, but also the detritus from the collapse of previous ruling systems, especially the Tsarist Russian and Austro-Hungarian Empires.

Indeed, the current conflict in Ukraine has nothing to do with any modern-day manifestation of the Cold War bipolarity, and everything to do with the resurrection of national identities which existed, however imperfectly, centuries before the Cold War even began. To understand the roots of the Ukrainian-Russian conflict, one needs to study German actions after the 1918 Treaty of Brest-Litovsk, the rise and fall of Symon Petliura and the Polish-Soviet War — all of which predated the Molotov-Ribbentrop Pact and the dissection of Galicia that took place in 1939 and 1945. These actions were all triggered by the collapse of Tsarist and Austro-Hungarian power, and then united by violent efforts to allow local realities to shape the final disposition of a region frozen in place by the rise of Soviet power.

The dislocation felt by many Ukrainians today from all things Russian can be traced to the failed attempt at forming a nascent Ukrainian nation in the chaotic aftermath of the First World War and the collapse of both Tsarist Russia and the Austro-Hungarian Empire – all prior to the consolidation of both Polish and Bolshevik power. The Ukrainian People’s Republic, led by the nationalist Symon Petliura, proclaimed its independence from Russia in January 1918. It did so backed the German army, which occupied the Republic after the Central Powers, led by Germany, signed the Brest-Litovsk Treaty with Ukraine in February 1918. (Russia and the Central Powers signed a separate Brest-Litovsk Treaty in March 1918). The German military occupiers then dissolved the socialist, Ukrainian People’s Republic in April 1918, replacing it with the Ukrainian State, also known as the Second Hetmanate. (The First Hetmanate was a Ukrainian Cossack State that existed in the Zaporizhian region from 1648 until 1764).

But the Ukrainian State survived only until December 1918, when forces loyal to the deposed Ukrainian People’s Republic, led by Petliura, overthrew the Second Hetmanate, and reclaimed control over Ukraine. During this time the physical dimensions of the Ukrainian People’s Republic was in constant flux. In the short first tenure of the Ukrainian People’s Republic, two territories claimed as Ukrainian — centered round Odessa and Kharkov — declared their independence from the Ukrainian People’s Republic, and instead opted to join Russia [as four regions today have similarly opted to join Russia].

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And fast.

• Americans Souring On Military Aid To Ukraine – Poll (RT)

A growing number of Americans are opposed to supplying additional military aid to Ukraine, according to a new Reuters-Ipsos survey, with Democratic support taking a nosedive since the start of Kiev’s counteroffensive in June. Published on Thursday, the poll shows just 41% of respondents agreed that the US government “should provide weapons to Ukraine,” while 35% said they disagreed and the rest stating they were “unsure.” The figures mark a sharp decline compared to a prior Reuters poll conducted in June, which showed 65% support for further arming Ukraine. While Democrats have been more vocal in backing arms shipments to Kiev, support appears to be waning within the party. A slim majority of 52% said they still supported military aid in the latest poll – a steep drop from the 81% recorded in June, around the time Ukrainian forces began a major counter-offensive.

Some 35% of Republican respondents said they backed weapons transfers in the new survey, down from 56% in June. Continued aid to Kiev has become a political flashpoint in the US Congress, as lawmakers battle over a long-term spending package to avert a government shutdown before November 17. Though a stopgap measure was originally slated to include billions in aid for Ukraine, Republicans successfully pushed to remove that funding from the legislation. Despite assurances from the Pentagon that a federal budget crisis would not impact US aid to Ukraine, senior administration officials have indicated otherwise, sounding alarms over a potential “lapse in support” in the event of a shutdown.

“As the Congress works through its various mechanisms and procedures, we cannot under any circumstances allow America’s support for Ukraine to be interrupted,” US State Department spokesman Vedant Patel told reporters on Wednesday, adding that even a brief delay could “make all the difference in the battlefield.” President Joe Biden has suggested that officials are looking for “workaround methods” to keep the aid flowing should lawmakers fail to reach a deal by their November deadline. On Wednesday, he said he would address Congress on the importance of continued support for Kiev, insisting that it is “overwhelmingly in the interests of the United States of America that Ukraine succeed.”

Washington has supplied more than $45 billion in direct military aid to Ukraine since the conflict with Russia escalated in February 2022, including tanks, artillery, air defense systems, drones and munitions. Moscow has repeatedly condemned foreign arms transfers, arguing they would do little to deter its military objectives and only prolong the fighting. Commenting on the budget impasse in the US, Kremlin spokesman Dmitry Peskov said the dispute was merely a “temporary phenomenon,”suggesting Washington would remain deeply involved in the conflict going forward.

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Creative accounting. It won’t be nearly enough.

• Biden Weighing Use of State Department Grants to Afford Ukraine Aid (DeMartino)

A critical feature of the US government is the balance of powers. A major part of Congress, known as the legislative branch, is deciding what does, and does not, get funded. The Biden administration is considering using a State Department grant to send aid to Ukraine after the president’s funding request failed to get through Congress as part of the stopgap bill that temporarily averted a partial government shutdown. The new findings come from two anonymous US officials speaking to a US media outlet. While making remarks on student loan aid on Wednesday, Biden promised a “major speech” on funding the Kiev regime and hinted he had “another” way to get funding to Ukraine without congressional approval. “There is another means by which we may be able to find funding for that. But I’m not going to get into that now,” Biden said while promising more details during the speech.

According to one of the officials, the Biden administration is considering using a State Department program that provides financing for foreign governments buying US-made weapons known as the Foreign Military Sales (FMS) program. It typically provides loans or grants to foreign governments. The State Department has allocated $4.65 billion for the FMS program to support Ukraine and other countries impacted by the conflict. According to a State Department factsheet dated September 21, roughly $650 million of that allotment remains. One official added that even if the Biden administration uses this method, they will still ask Congress for additional funding. Last month, Biden requested $24 billion in additional funding for Ukraine. A smaller package was initially put into a stopgap funding bill intended to keep the government open while Congress debates a full funding bill.

But that bill was unable to pass in the House of Representatives until the Ukraine funding was stripped out of it. Rumors spread around Washington that then-House Speaker Kevin McCarthy (R-CA) made a “secret side deal” with Democrats on Ukraine funding to get the funding bill passed, which led Rep. Matt Gaetz (R-FL) to launch a successful motion to vacate the speakership. As such, no bills, for funding Ukraine or otherwise, will be taken up until a new speaker is selected. House Republicans are expected to meet on October 11, when they are expected to discuss potential replacements. Sometime after that, a formal vote will be held in the House.

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Borrell is stuck.

• EU Can’t Compensate Ukraine For Missing Us Aid – Borrell (RT)

The EU cannot fully replace US support for Ukraine even if it boosts its aid programs, the bloc’s foreign policy chief, Josep Borrell, has said. The warning comes after the US Congress declined to include Ukraine assistance in a stopgap spending bill last week. “Ukraine needs the support of the European Union, which will certainly be increased, but also the support of the United States,” the senior official said on Thursday as he arrived at the European Political Community summit in Granada, Spain. He stressed that Europe could not fill the gap left by the US and expressed hope that Washington would reverse the situation. The flow of American funding was disrupted last week after a Republican push to reduce budgetary spending. A 45-day temporary budget, which was adopted as a compromise solution, allocated no money for Ukraine at all.

In August, the administration of US President Joe Biden asked lawmakers to provide an additional $24 billion to support Kiev. Amid the congressional deadlock, the White House sought to ensure that the flow of cash would not be interrupted. The crisis in the US was exacerbated this week when Kevin McCarthy was ousted as House speaker. Rep. Matt Gaetz introduced a motion to remove him from the position over an alleged secret deal with the Biden administration to keep Ukraine assistance flowing. Meanwhile, the EU is also struggling to maintain a consensus on sending money to its eastern neighbor. Last week, Hungary suggested splitting a proposed €50 billion ($52.4 billion) aid package in the bloc’s long-term budget into two installments, with the second half pending further evaluation, Bloomberg reported on Tuesday.

Budapest has been blocking €500 million in military aid for Ukraine since May. The European Commission is reportedly willing to release billions of euros in funds for Hungary in order to get the country on board. The funds were frozen last December over rule-of-law criticisms. Borrell announced that Brussels was seeking to add €5 billion in multi-year defense assistance when he met Ukrainian Foreign Minister Dmitry Kuleba on Monday. He also vowed to maintain the assistance regardless of what happens in Washington. EU leaders are meeting in Granada to discuss the bloc’s future spending and plans for future expansion. A reform supported by Germany and France would introduce a multi-tier membership system to accommodate candidates based on their merits. Ukraine, which aspires to become a member, has insisted on full-fledged participation, saying it cannot accept anything less.

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“..We have had bad experiences with some so-called new members, for example when it comes to the rule of law. “This cannot be repeated again..”

• Ukraine ‘Corrupt at All Levels’, ‘Not Eligible’ to Join EU – Juncker (Sp.)

Ukraine in its current state is corrupt to the core and absolutely ineligible to join the European Union, former European Commission president Jean-Claude Juncker has said. “One mustn’t make false promises to the people of Ukraine who are up to their necks in suffering. I am very angry about the presence of some voices in Europe who are telling the Ukrainians that they can become members immediately,” Juncker said in an extensive interview with German media on Thursday. “That would not be of any good for the EU nor for Ukraine. Anyone who has anything to do with Ukraine knows that this is a country that is corrupt at all levels of society. Despite its efforts to date, it is not eligible to join, and needs massive internal reforms. We have had bad experiences with some so-called new members, for example when it comes to the rule of law. “This cannot be repeated again,” the politician, who served as EC chief between 2014 and 2019, and dealt with Ukraine-related matters repeatedly over that time, added.

“The European prospects for Moldova and Ukraine, which is defending itself so virtuously and defending European values, must be maintained, but must not be linked to a hope that this can be achieved overnight at the push of a button,” Juncker said. Instead, he proposed, countries like Ukraine should be able to “take part” in projects aimed at partial integration. “We should work toward making something like partial accession possible, or an intelligent form of near-enlargement,” Juncker proposed, without elaborating. The former European Commission boss, who warned during his time in office that Ukraine would “certainly not become” an EU member over the next “20 to 25 years,” and that the country was “not European in the sense of the European Union,” repeatedly dashed the hopes of the Euromaidan coup plotters, who overthrew Ukraine’s government in 2014 and launched a civil war in the Donbass to try to set the country on a path to Europe.

The crisis escalated into a full-on NATO-sponsored proxy war on Ukrainian territory in 2022 as Moscow attempted to preempt plans by Kiev to reabsorb the Donbass by force. Juncker is the latest high-level European politician to put a damper on Ukraine’s EU prospects amid reports that bloc leaders are planning to initiate formal accession talks before the end of the year, despite the ongoing largescale conflict in the country. Late last month, European Parliament President Roberta Metsola warned that the “economic model” that the bloc has today would not survive enlargement, and proposed a number of stopgap integrative processes short of membership, such as telephone and internet roaming, the lifting of trade barriers, access to some EU funds, Ukrainian access to European universities, etc. European Council President Charles Michel also hinted this week that Ukraine could become a member of the EU no sooner than 2030, and even then only if “both sides do their homework.”

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“The first front in any war is the home front, where it is imperative the battle is won. And those running the war in Ukraine are slowly but surely losing on this side of the conflict.”

• Depleted Ukrainium (Patrick Lawrence)

In results announced in Bratislava Sunday, a leftist party whose primary platform plank is opposition to the war in Ukraine won 23 percent of the vote. On Monday the Slovakian president, Zuzana Caputova, formally asked Robert Fico, who leads the SMER party, to form a government. It looks like he will do so in a coalition with either Voice, a social-democratic party that took 15 percent of the vote, or with Progressive Slovakia, a liberal-centrist party that finished with 18 percent of the vote. Fico is an interesting figure. He has served as prime minister twice over the course of a decade, during which time he proved sufficiently European to bring Slovakia into the euro. To one or another extent, his likely coalition partners favor keeping Slovakia as a card-carrying member of the Western coalition supporting Ukraine.

But they did not win the election: Fico did. And Fico is all business in his opposition to Slovakia’s support for the U.S. proxy war tearing Ukraine and its people to pieces. SMER’s platform assigns the West and Ukraine equal responsibility for the war—a purposeful rip into the “unprovoked” charade—and promises an immediate end to all Slovakian arms shipments to the war effort. Speaking after the election results were announced, Fico pointedly pledged to press Kiev and its backers to begin peace talks with Moscow. “More killing is not going to help anyone,” he declared. There are two things to say about Robert Fico’s return to the top of Slovakian politics. One, we find once again that the U.S. is a victim of its old, Manichean habit of dividing the whole of humanity into good guys and bad guys.

The headline on CNN’s report on the elections reads, “Pro–Russian politician wins Slovakia’s parliamentary election.” The New York Times head is, “Unease in the West as Slovakia Appears Set to Join the Putin Sympathizers.” Tell me, which of these is more pathetic? “Pro–Russian?” “Putin sympathizers?” This is infantile—apart from being false, I mean. Fico simply articulates an independent, perfectly sound position on the war. CNN and The Times are infantilizing their viewers and readers as they reduce this position to the simplistic binary of a Saturday-morning cartoon. The insidious thing here, and let us be ever vigilant on this point, is that these media are inserting into our brains the thought that any deviation from the Russophobic orthodoxy amounts to support for the Kremlin’s demonized occupant.

Two, “unease” is too mild a word for the reigning sentiment among the war-mongering elites in Washington and the European capitals. An incipient panic is closer to the reality as public support for the war—and here and here official support—ever more visibly wobbles and wanes. The first front in any war is the home front, where it is imperative the battle is won. And those running the war in Ukraine are slowly but surely losing on this side of the conflict.

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“..that Americans, particularly in Washington, make these terrible mistakes is because they do not see that the world has changed around them already..”

• Putin’s Valdai Speech: Multipolar Future Has Arrived (Sp.)

Russian President Vladimir Putin delivered a speech on October 5 at the plenary session of the 20th meeting of the Valdai International Discussion Club in Sochi emphasizing the tectonic and irreversible shifts taking place in the global order. [..] The moment of truth has come, and US hegemony is fading in front of our eyes while a new multipolar world is emerging, per Professor Joe Siracusa, political scientist and dean of Global Futures, Curtin University. “In many, many ways, the future that Mr. Putin is talking about has already arrived,” Siracusa told Sputnik. “What he’s kind of saying between the lines is it’s already here. Now we have to see it. The world has changed. And the reason he thinks that the Americans, particularly in Washington, make these terrible mistakes is because they do not see that the world has changed around them already. The world, the future is changing in front of them and they fail to see it. He thinks that might be the cause of the conflict.

During his Valdai speech, Putin outlined six principles Russia wants to adhere to and offers other nations to join it.
• “First, we want to live in an open, interconnected world, in which no one will ever try to erect artificial barriers to people’s communication, their creative realization, and prosperity. There must be a barrier-free environment,” Putin said.
• The second principle is the diversity of the world, which should not only be preserved, but should also be the foundation of universal development.
• The third principle, according to the Russian head of state, is maximum representativeness: “No one has the right or can rule the world for others or on behalf of others. The world of the future is a world of collective decisions,” the president emphasized.
• Fourth is universal security and lasting peace that takes into account the interests of great states and small countries equally. To achieve this, it is important to free international relations from the bloc mentality and the dark legacy of the colonial era and Cold War, according to Putin.
• The fifth principle is justice for all: “The era of exploitation of anyone – I have already said this twice – is a thing of the past. Countries and peoples are clearly aware of their interests and capabilities and are ready to rely on themselves, and this multiplies their strength. Everyone must be provided with access to the benefits of modern development,” Putin emphasized.
• The sixth principle is equality: no one should be forced to obey those who are richer or more powerful at the cost of their own development and national interests, according to the Russian president.

“The ‘civilizational model’ referred to in Putin’s speech seems anchored on ‘principles’ – such as non-colonial relations; non-patronizing attitudes; respectful of diversity rooted in the diverse traditions – that will require a huge work to generate new shared international norms,” Paolo Raffone, a strategic analyst and director of the CIPI Foundation in Brussels, told Sputnik. “The Western ‘rules-based liberal international order’ is unilateral, and it could be imposed in a specific time in history leveraging on the power and prominence of a small group of colonial powers that after the liberal model crisis and civil war (1914-1945) has been inherited by a distant but super-powerful country (US). In a nutshell, I can say that the ‘civilizational model’ approach probably aims at structuring a shared world ‘software,’ while the ‘liberal rules-based order’ has been aiming at building an imposed ‘hardware’ defended by ‘rules’ serving the financial and military hegemony.”

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“Without a speaker, the impeachment process is halted. ”

“Follow your heart, but take your brain with you. The American people expect us to govern. I also advise my House colleagues to be sure and take your meds..”

• MAGA Power Rocks The US Establishment (Blankenship)

Acting Speaker Patrick McHenry adjourned the House, since pretty much the only thing he can do is form a session to specifically vote for a new speaker (this has never happened before and the rules are vague). With the House adjourned, no congressional hearings can happen, subpoenas can’t go through, and committees can’t convene. This is telling because the same Republicans who ousted McCarthy are also leading an impeachment inquiry against President Joe Biden. Without a speaker, the impeachment process is halted. Given this, it was foolish for these lawmakers to vote out McCarthy. And that’s especially the case when it took nearly two months of negotiations to install him in the first place back in January. Now, there’s no telling where things will go or how long it will take to cut deals and find a new speaker.

If it takes even the same amount of time as before, then a government shutdown would be inevitable. That level of dysfunction from the GOP is not only poor governance but also bad politics, since it would allow Democrats to look good by contrast. “Follow your heart, but take your brain with you. The American people expect us to govern. I also advise my House colleagues to be sure and take your meds,” Louisiana Senator John Kennedy, a Republican, said to the press after McCarthy was booted. At the same time, this situation demonstrates quite clearly that the establishment – especially during a period of intense partisan divide – is not truly safe. Even powerful figures such as McCarthy can be dethroned by a small contingent of representatives. That shows that people like Jimmy Dore, a well-known YouTube personality, are unfortunately correct for once.

The so-called comedian called on progressives to refuse to vote for Nancy Pelosi as speaker when Democrats controlled the House until a vote was taken on Medicare for All. It turns out he was completely correct on that. If ‘The Squad’ (a team of relatively young Democratic lawmakers who got into the House on a super-progressive platform) had any backbone, as Gaetz and his gang of rebels have shown, they could have forced a vote on that important issue and many others. They certainly have squeezed out concessions from Pelosi and the political establishment, making her understand that her position on the pedestal is contingent on the support of progressives and not the other way around. The fact that they, who are supposed to be more savvy and calculated than the MAGA mutineers, didn’t do that indicates, at the very least, a lack of commitment to the values that got them elected.

For their part, the MAGA wing of the Republican Party is making waves: they have made Ukraine funding a hot-button issue, censured Rep. Adam Schiff (a mortal enemy of their cause), put ‘the border’ and fake allegations of election fraud front and center, shouldered out establishment Republicans such as Liz Cheney and Mitt Romney, and they’re building their own media ecosystem. Even though their self-imposed speaker debacle clearly lacks any serious intent, MAGA is flexing its muscles – even if, at times, for nothing. Will those who are supposedly fighting for the working class in Congress ever exert the same pressure? Doubtful, and it’s also doubtful if these people have any serious commitment to doing that in the first place, since they have the very same tools as Gaetz and his friends yet refuse to wield them. Undoubtedly, however, the political situation in the US is getting a whole hell of a lot more interesting.

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Not long ago, the Biden admin sold $300 million worth of wall building material for $2 million. Now they have to buy more.

• Trump Slams Biden’s Border Crisis, Says ‘Our Country is Being Invaded’ (Sp.)

About 210,000 migrants were apprehended in the US in September for crossing the country’s southern border illegally, a record for 2023, according to preliminary government data, as the Biden administration continues to flounder in its attempts to handle the raging crisis. Donald Trump has pummeled the Joe Biden administration over the ongoing crisis on the US-Mexico border that the current occupant of the White House has failed to get under control. The only reason the Democratic POTUS was suddenly ready to embrace the border wall project – and idea from the Trump era – was because of the relentless surge of illegal migrants, said the former president in a US media interview. “Biden sees our country is being invaded… What is he going to do about the 15 million people from prisons, from mental institutions, insane asylums, and terrorists that have already come into our country?.. What has happened to our country?” the 45th POTUS fumed, as he called upon the Biden administration to “go back to Trump policies”.

Trump’s signature border wall construction had been brought to a screeching halt on 20 January 2021, when Joe Biden ordered a pause on all wall-related efforts at the southern US border. The commanding frontrunner for the 2024 Republican presidential nomination seized upon the recent remarks by Department of Homeland Security Secretary Alejandro Mayorkas, who said that “high illegal entry” required urgently waiving dozens of federal laws to allow for the construction of a border wall in south Texas. As more than 245,000 migrant encounters have been recorded in the Rio Grande Valley Sector this year, Trump slammed his successor for having reversed many of his policies and thus caused the crisis at the southern border. “He has to reinstate Remain in Mexico and Title 42… He has to do all of the other things that we were doing,” said Donald Trump.

A Trump campaign spokesman was quick to endorse his leader: “President Trump is always right. That’s why he built close to 500 miles of a powerful new wall on the border and it would have been finished by now… Instead, crooked Joe Biden turned our country into one giant sanctuary for dangerous criminal aliens.” Earlier, Mayorkas said that he would use his authority to waive 26 federal laws, including the Clean Air Act, Safe Drinking Water Act and Endangered Species Act, to allow for construction in Starr County in the Rio Grande Valley (RGV) sector. An announcement about this was posted on Wednesday on the US Federal Register by the Department of Homeland Security. “There is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border of the United States to prevent unlawful entries into the United States in the project areas pursuant to sections 102(a) and 102(b) of [the Illegal Immigration Reform and Immigrant Responsibility Act of 1996],” Mayorkas said.

Though in the past the Biden administration worked on shuttering gaps in the wall, Customs and Border Protection (CBP) announced in June that there were plans to build up to 20 miles (32 kilometers) of wall in the RGV Sector in June. The construction is funded by Homeland Security’s full-year 2019 appropriations bill.

Darien gap

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“..more than 75,000 workers at Kaiser Permanente walked off the job this morning..”

• The Largest Healthcare Strike in U.S. History (Pappas)

The largest health care strike in U.S. history has begun, as more than 75,000 workers at Kaiser Permanente walked off the job this morning. The scheduled three-day labor stoppage comes after Kaiser failed to meet the demands of workers, continuing to prioritize their profits over patient care. The striking coalition includes eight unions representing health care workers from a variety of job descriptions and covers Kaiser facilities in California, Colorado, Oregon, Washington, Virginia, and Washington City. This represents about 40% of all Kaiser Permanente staff, according to spokeswoman Renee Saldana of the Service Employees International Union-United Healthcare (SEIU-UHW)—the largest union in the coalition.

The union’s contract with the company expired over the weekend, and workers are demanding a significant staffing increase, alleviation of grueling work hours, wage increases that outpace inflation, and benefits for retired staff in the industry. Additionally, they are noting that their poor working conditions lead to poor patient care. This represents a common theme for healthcare workers attempting to provide quality patient care in a capitalist healthcare system that continually puts profit over patient wellbeing. Healthcare workers are becoming increasingly fed up with the working conditions imposed by the U.S. healthcare system. They are tired of seeing the wellbeing of patients being sacrificed at the altar of profit. They are also tired of having their own well being destroyed by the continual exploitation they face under this system.

One healthcare worker preparing to picket outside a Kaiser Hospital location in North Hollywood said, “We just can’t go on with this staffing crisis.” Kaiser Permanente is the largest private hospital and healthcare management consortium in the United States, bringing together a broad spectrum of healthcare workers including nurses, X-ray technicians, pharmacists, optometrists, and other job titles. The company serves 12.7 million people in California, Washington, Oregon, Georgia, Hawaii, Washington DC, Maryland, and Virginia. The private health care corporation has reported more than $3 billion in profits in the first half of 2023 and has paid at least 49 corporate executives salaries in excess of $1 million a year. Despite these profits, the company continues to impose strenuous working conditions on staff, continually under-staffing and under-paying.

While this initial strike is planned for just three days, the SEIU-UHW union said the coalition is prepared to launch a “longer and stronger” strike in November, when another contract expires in Washington State. This could extend the stoppage to even more workers. Healthcare workers at Kaiser are joining a wave of strikes sweeping the United States—hundreds of thousands of workers have walked off the job. We are seeing worker action in sectors ranging from the auto industry—with the struggle of the 146,000 members of the UAW union against Ford, GM, and Stellantis—to Hollywood screenwriters and actors, to the 53,000 hotel workers in Las Vegas who voted last week to strike.

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“..European countries are estimated to have spent additional 792 billion euros in the last year just on the status quo system to protect consumers from the effects of the energy crisis introduced by the conflict in Ukraine..”

• Europe Could Become Energy Self-Sufficient In $2 Trillion Push – Study (RT)

Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study, Report informs via Reuters. The report, led by the Potsdam Institute for Climate Impact Research, said the continent would require annual investments of 140 billion euros by 2030 and 100 billion a year in the decade thereafter to get there. While most of the sum would be needed for onshore wind expansion, solar, hydrogen and geothermal resources would be additional pillars of a strategy that would enable Europe’s electricity needs to be powered exclusively from renewables by 2030.

It would take another decade to convert the entire energy system, including things such as heating currently powered by oil or gas, to renewables, according to the study, which was shared with Reuters. The study said that these figures are considerable, but it is important to remember that the European countries are estimated to have spent additional 792 billion euros in the last year just on the status quo system to protect consumers from the effects of the energy crisis introduced by the conflict in Ukraine.

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Biden kicks dog

 

 

 

 

 

 

 

 

 

 

Baby giraffe

 

 

 

 

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

 

 

 

 

 

Debt Rattle September 30 2023

Sep 302023
 
 September 30, 2023  Posted by at 8:47 am Finance Tagged with: , , , , , , , , , ,  43 Responses »


Rene Magritte Memory 1948

 

• We Don’t Serve a ‘Wannabe Dictator’ Says Retiring US General Milley (Sp.)
• Biden Warns of Trump’s ‘Extremist Movement’ (ET)
• The New York Buildings That Donald Trump Could Lose (BBC)
• RFK Jr Plans To Announce Independent Run For President (PM)
• US House Republicans Plot to Oust McCarthy Amid Looming Shutdown (Sp.)
• Elon Musk Decries ‘Witch-Burning’ Of Russell Brand (RT)
• Nazi Hunter Steven Rambam: Trudeau Knew He Applauded a Monster (Sp.)
• The Striking Similarities in the Menendez and Biden Cases (Turley)
• Two-Punch (James Howard Kunstler)
• Ukraine Demands ‘Full’ EU Membership (RT)
• Germany-Ukraine Joint Arms Production Venture a Money Laundering Scheme (Sp.)
• Ukrainian Troops Reportedly Refuse Battle Orders Due to Heavy Losses (Sp.)
• Russia-China Partnership Defangs US Empire (Pepe Escobar)
• Can The US Defeat Russia In The Lithium Battery War? (Helmer)
• Biden Administration Reports Dangerous African Immigrant At Border (BBee)

 

 

“If you’re 35 or older, you’ve had LESS shots in your entire life than a 6 month old baby on today’s CDC schedule.”

 

 

Excellent Tucker Romanovs

 

 

coastguy – watch!

 

 

 

 

Zelenskler/Hitlensky
https://twitter.com/i/status/1707455933918675430

 

 

RFK
https://twitter.com/i/status/1707573905135669384

 

 

 

 

Munger

 

 

RoganBrand

 

 

 

 

He called a potential adversary behind the back of his commander-in-chief. Sure smells like treason. What if Milley’s subordinates had done the same with him?

• We Don’t Serve a ‘Wannabe Dictator’ Says Retiring US General Milley (Sp.)

“We don’t take an oath to a country. We don’t take an oath to a tribe. We don’t take an oath to a religion. We don’t take an oath to a king, or queen, or a tyrant or a dictator. And we don’t take an oath to a wannabe dictator.” Those were the defiant words of US General Mark Milley on Friday. They’ve been broadly interpreted by national media as a thinly-veiled rebuke of Donald Trump in a prolonged exchange that has seen the former president suggest the execution of the US military’s highest-ranking member. Milley delivered the remarks at a ceremony at Fort Myer, Virginia, marking his retirement from a position he first took in 2018 at the behest of Trump himself. The comments were prompted by a post Trump made on his Truth Social platform last week suggesting the general had committed a “treasonous act” amounting to a capital offense in the waning days of his administration.

Trump’s post read in part: “This guy [Milley] turned out to be a Woke train wreck who, if the Fake News reporting is correct, was actually dealing with China to give them a heads up on the thinking of the President of the United States. This is an act so egregious that, in times gone by, the punishment would have been DEATH!” Trump was referring to a phone call Milley reportedly made to Chinese counterparts after events at the US Capitol on January 6, 2021 reportedly surprised and alarmed the world power. Milley claims he took the unprecedented action with the approval and cooperation of other military officials, but that didn’t stop Republican Senator Rand Paul from criticizing the move.

The backchannel contact was first revealed in 2021 in an excerpt from Bob Woodward and Bob Costa’s book “Peril” documenting the final days of Trump’s presidency. According to the journalists, Milley had secretly called Chinese military officials once before in 2020 after receiving intelligence that China feared Trump would attack them in an “October surprise” before the election. Reportedly concerned about the former president’s mental state after January 6, Milley additionally forbade officers at the National Military Command Center from carrying out any instructions without going through the general first. Some Republicans have claimed such actions would represent a violation of the chain of command set forth in the US Constitution.

Milley also responded to Trump this week in an interview with US television where he claimed he would take “adequate safety precautions” to protect himself and his family after the remarks. “I wish those comments had not been made, but they were,” said Milley. “We will take appropriate measures to ensure my safety and the safety of my family.” [..] “The [US military’s] Joint Force… is the most lethal and capable military in the world,” Milley said in his speech on Friday. “We are currently standing watch on freedom’s frontier with a quarter of a million troops deployed in 150 countries.”

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“I have come to honor the McCain Institute and Library because they are home to a proud Republican who put country first..”

• Biden Warns of Trump’s ‘Extremist Movement’ (ET)

President Joe Biden delivered a speech about democracy on Sept. 28 in Arizona, a key battleground state for the 2024 election. He took aim at his predecessor, President Donald Trump, and expressed concerns about a “dangerous” trend unfolding in the United States. “As I’ve always been clear, democracy is not a partisan issue. It’s an American issue,” President Biden said. “But there is something dangerous happening in America. There is an extremist movement that does not share the basic beliefs of our democracy. The MAGA Movement.” According to the White House, this is the fourth speech by the president focused on democracy. President Biden began his speech by honoring the legacy of his late friend and colleague Sen. John McCain (R-Ariz.) and announcing the creation of the McCain Library.

Mr. McCain’s family and Arizona Gov. Katie Hobbs, a Democrat, were among those in attendance during his speech in Tempe, Arizona. “I have come to honor the McCain Institute and Library because they are home to a proud Republican who put country first,” President Biden said. “Not every Republican—not even the majority of Republicans—adhere to the extremist MAGA ideology. I know because I’ve been able to work with Republicans my whole career. “But there is no question that today’s Republican Party is driven and intimidated by MAGA extremists.” The president delivered his speech a day after the second Republican debate in California, during which the candidates displayed no signs of narrowing the gap with former President Trump, the Republican frontrunner for 2024.

On Sept. 28, the House Oversight Committee held the first hearing of its impeachment inquiry into President Biden. It focused on President Biden’s potential involvement in his son’s business dealings during his tenure as vice president under President Barack Obama. The challenges don’t end there for the 46th president. President Biden faces continued low approval ratings as the majority of Americans are unhappy with his handling of the economy. In a mid-September NBC News poll, independent voters gave President Biden a dismal 36 percent approval rating. More than 3 in 5 Democrats and Democratic-leaning independents say they would prefer a nominee other than President Biden, according to a recent Washington Post–ABC News poll.

President Biden spoke out against the former president’s recent social media post in which he accused the chairman of the Joint Chiefs of Staff, Gen. Mark Milley, of committing treason. President Trump suggested that Gen. Milley had colluded with China, a conduct he said would have once resulted in death. “This is an act so egregious that, in times gone by, the punishment would have been death!” President Trump wrote on Sept. 22 on his Truth Social platform. “Although I don’t believe the majority of Republicans think that, the silence is deafening,” President Biden said during his speech in Arizona. “Hardly any Republican called out such hated statements.” He later urged Democrats, Republicans, and independents to stand up for democracy. “Put our country first. We can’t take democracy for granted,” President Biden said.

Tulsi
https://twitter.com/i/status/1707695467294077436

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The prosecutors refer to “lender-ordered appraisals”. But we haven’t seen any complaints from lenders. We’re talking properties and loans worth billions of dollars, and they WOULD complain if cheated.

• The New York Buildings That Donald Trump Could Lose (BBC)

Long before Donald Trump stepped into the White House, his glitzy and glamorous real estate empire helped make him a nationally recognised star. Now, a judge’s ruling that his business committed massive fraud has thrown the fate of some of the former president’s flagship properties into doubt. On Tuesday, Judge Arthur Engoron ordered that some of Mr Trump’s companies be removed from his control. Mr Trump has denied any wrongdoing and is expected to appeal. The ruling was part of a lawsuit filed against Mr Trump and his family by New York Attorney General Letitia James, who asked the judge for a summary decision that certain facts in the case were beyond dispute in the hope of speeding up the impending trial.

It severely limits Mr Trump’s ability to do business in New York, the place where he launched the real estate empire that thrust him into the national spotlight. What the ruling means for Mr Trump’s properties, however, remains uncertain. The Trump Organization could be forced to hand over control to a court-appointed receiver, or ultimately have to sell some of its most iconic landmarks. Mr Trump’s lawyers have asked for more clarity on which properties could be affected. The judge has yet to give a definitive answer. For Mr Trump, the stakes are potentially high. Earlier this year, Forbes estimated that his New York properties alone are worth $720m (£589m), a sizable chunk of his estimated $2.5bn fortune. Let’s take a look at some of the properties that Mr Trump might lose.

Trump Tower– Located on Fifth Avenue in Manhattan, the 58-floor Trump Tower is among the most recognisable properties bearing Mr Trump’s name. The building is the headquarters of the embattled Trump Organization and has been home to Mr Trump and several of his family members. The building – which was developed by Mr Trump and inaugurated in 1983 – has also featured prominently in popular culture, including serving as the location for Batman’s Wayne Enterprises in Christopher Nolan’s 2012 film The Dark Knight Rises. Mr Trump’s penthouse condominium that spans the top three floors of the building is also among the properties highlighted in James’ lawsuit. The lawsuit alleges that Mr Trump artificially inflated the triplex’s value, by repeatedly saying it was more than 30,000 sq ft (2,790 sq m) in size, significantly larger than the 11,000 sq ft listed in property records. The penthouse was valued at $327m in 2015, a price that the lawsuit called “absurd”. “Tripling the size of the apartment for purposes of the valuation was intentional and deliberate fraud,” the lawsuit reads. “Not an honest mistake”.

40 Wall Street – Originally completed in 1930, the 72-story neo-Gothic tower in the heart of New York’s financial district was purchased by a Trump-controlled company in 1995. The building’s website proudly boasts that the purchase was “one of the great real estate deals of all time”. Since the purchase, the building’s tenants have included global giants such as American Express, defunct investment bank Bear Stearns and Hilton Hotels & Resorts. In the New York lawsuit, prosecutors alleged that the values given by Mr Trump and the Trump Organization “far exceeded the values determined by professionals” in lender-ordered appraisals. In 2012, for example, the property was valued by the company at $572m in financial statements – more than twice the value reached by the outside appraisals. By early this year, the building had been added to a lender watchlist because of concerns over rising expenses and vacancies, according to Bloomberg.

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People disagree who he would take votes away from: Trump or Biden.

• RFK Jr Plans To Announce Independent Run For President (PM)

Robert F Kennedy Jr, who launched his campaign for the Democrat presidential nomination in April, reportedly has plans to announce a run as an independent candidate. According to Mediaite, Kennedy plans to make the announcement on October 9 in Philadelphia, with a text message viewed by the outlet stating that his campaign is planning “attack ads” against the Democrat National Committee to “pave the way” for his announcement. “Bobby feels that the DNC is changing the rules to exclude his candidacy so an independent run is the only way to go,” a Kennedy campaign insider told the outlet. On Saturday, the New York Times published a piece stating that Kennedy met with Libertarian Party chair Angela McArdle in July, at a Memphis conference.

“He emphasized that he was committed to running as a Democrat but said that he considered himself very libertarian,” McArdle said, adding that “We’re aligned on a lot of issues,” including the threat of the “deep state.” “My perspective is that we are going to stay in touch in case he does decide to run,” Ms. McArdle said. “And he can contact me at any time if that’s the case.” “It would be very bad” if Kennedy runs as a Libertarian, said Matt Bennett, a co-founder of Third Way, a Democrat group helping coordinate efforts to stop the No Labels group who is also trying to run a third-party ticket. “We’ve been very clear that third parties in close elections can be very dangerous and would almost certainly hurt the president. That would be true of a No Labels candidate and it would be true of RFK.” According to RealClearPolitics average of polls between September 7 and 19, Kennedy is around 50 points behind Biden, with BIden polling at 65 percent and Kennedy at 14.9.

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That could make the shutdown last much longer.

• US House Republicans Plot to Oust McCarthy Amid Looming Shutdown (Sp.)

A group of far-right members of the Republican Party in the US House of Representatives is seeking to replace House Speaker Kevin McCarthy in order to ensure more conservative legislative decisions amid the risk of a government shutdown in the United States, US news outlet reported, citing people familiar with the endeavor. It is still unknown whether the Republicans will set their plan in motion or if it is just an attempt to show McCarthy the depth of their dissatisfaction with his positions on certain legislative matters, the newspaper said, adding that despite this uncertainty, some far-right members of the Grand Old Party (GOP) believe that removing McCarthy is “inevitable” and “imminent” and that it is going to happen soon enough.

If the Republican group succeeds in ousting the House Speaker in the midst of the shutdown, a protracted battle will begin within the party to appoint someone new to the position. This struggle would block all the legislative actions of the US Congress, which would threaten to further halt the work of the country’s government, the newspaper added. Given the potential disagreements among the Republicans, should the vote happen, the fate of McCarthy as speaker would be decided by the House Democrats, since the proposal to remove the speaker must be backed by a majority of House members, the report said. Democrats have not yet decided whether to defend McCarthy or vote against him, it added, citing people familiar with the Democratic leadership’s thinking.

Far-right House Republicans believe a member of McCarthy’s leadership team, Tom Emmer, should become the new speaker, as he has a better chance of delivering more conservative decisions, the newspaper said, adding that Emmer himself is not really interested in the possibility. “I fully support Speaker McCarthy. He knows that and I know that,” Emmer told the newspaper, adding that he has “zero interest in palace intrigue.” The US Congress is attempting to coordinate the budget before the end of the month to avoid a government shutdown. Both the Senate and the House of Representatives have proposed short-term measures, although there are differences between the two bills. The Senate proposal includes more than $6 billion in aid to Ukraine, which some Republican lawmakers have opposed. The House proposal includes border security measures, which the Democrat-majority Senate is unlikely to approve.

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“I think this witch-burning instinct might be deep-seated, frankly.”

• Elon Musk Decries ‘Witch-Burning’ Of Russell Brand (RT)

Efforts to condemn actor Russell Brand and silence him based on unproven rape allegations – made at a time when he’s challenging establishment orthodoxies on such issues as the Ukraine conflict and Covid-19 vaccines – mark a “witch-burning phase” in Western cancel culture, US tech billionaire Elon Musk has warned. “It can’t be guilty until proven innocent because obviously, we’re just sort of in the witch-burning phase here, where just being declared a witch is enough to make you a witch and be burnt,” Musk said on Thursday in an X Spaces interview. “I think this witch-burning instinct might be deep-seated, frankly.”

Brand has been at the center of a media firestorm since the UK’s Sunday Times newspaper and Channel 4 TV reported earlier this month that four women had accused him of sexual misconduct, including rape, between 2006 and 2013. He claimed last week that UK government officials had pressured social media companies to censor his commentaries. YouTube demonetized Brand’s videos in response to the allegations, cutting off a source of income that generated an estimated £1 million ($1.2 million) for the actor and comedian. Rumble and X (formerly known as Twitter) are among the platforms that haven’t taken action against Brand.

Rumble CEO Chris Pavlovski issued an open letter criticizing a “deeply inappropriate” push by UK MP Caroline Dinenage to demonetize Brand’s videos. Musk, who bought X last October for $44 billion, called it an “odd coincidence” that the campaign to silence Brand was happening “when Russell is really gaining traction, questioning a lot of the conventional wisdom.” Brand also has been pilloried for spreading “conspiracy theories,” he said, adding, “I think we’re running out of conspiracy theories that didn’t turn out to be true.”

Brand has denied having nonconsensual sexual relations with anyone. Musk cautioned against a rush to judgment, saying, “We can’t have that, you know, because obviously, anyone could be accused at any time of false charges, and we can’t be destroying their lives on the basis of potentially false accusations.” Musk made his comments on the same day that he traveled to Eagle Pass, Texas, for a firsthand look at the US border crisis. “Why do so many American politicians from both parties care 100 times more about the Ukraine border than the USA border?” asked Musk, who posted a livestream video from the scene.

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“And they are not extradited. They are not denaturalized. They are not deported like the US does. They are not prosecuted inside Canada, which they should be.”

• Nazi Hunter Steven Rambam: Trudeau Knew He Applauded a Monster (Sp.)

Canadian Prime Minister Justin Trudeau has officially apologized for a “deeply embarrassing” incident in the national Parliament, where a Waffen SS veteran was warmly greeted by Canadian politicians. “This was a mistake that has deeply embarrassed Parliament and Canada. All of us who were in this House on Friday deeply regret having stood and clapped even though we did so unaware of the context,” the Canadian PM said in a brief statement to journalists. Trudeau stressed that Canada is especially sorry for “the situation that [they] put President Zelensky and the Ukrainian delegation in” given that this “egregious error” is being used by Russia’s “propaganda.” Still, Trudeau’s hypocrisy has been called out by Steven Rambam, a private investigator and Nazi hunter based in New York, publicly known for his pro bono activities, which have included the location and investigation of nearly 200 Nazi collaborators and war criminals in the US, Canada, Europe, and Australia.

“This narrative that’s springing up that everyone was surprised, that it was a big shock and they can’t believe there’s such a person in Canada,” Rambam told Sputnik. “It’s ridiculous. Look, this person made no secret of who he was. He even had a website until yesterday. He posted and disseminated photos of himself in his SS uniform. He wrote about his experiences in the SS 14th Grenadiers. There’s a scholarship in his name in a university in central Canada, in Alberta. I mean this is ludicrous that people could possibly have been surprised by who he was and what he did.” During the Second World War, Hunka served in the 14th Waffen Grenadier Division of the SS, also known as SS Galichina. The unit was created by Nazi Germany in 1943 and was composed of Ukrainian nationalist militants. The division was responsible for the ethnic cleansings of Jews and Poles, which was committed with exceptional brutality.

“So this is not a small criminal. He didn’t pick someone’s pocket or steal $100 from a store. This is an alleged mass murderer who killed old people, allegedly, who allegedly killed children with his comrades in the SS Galicia Division,” Rambam noted, reiterating that it’s virtually impossible that the Canadian authorities were totally unaware about who Hunka is. Poland’s Education Minister Przemyslaw Czarnek announced Tuesday that he had “taken steps” toward “the possible extradition” of Yaroslav Hunka to Poland. The unit Hunka served in was particularly responsible for burning alive up to 1,000 Polish villagers, including elderly, women and children, in Huta Pieniacka in 1944. “Does it help that they are finally threatening to bring him to justice? Yes,” said Rambam. “Is there any chance at all that this will happen? No, absolutely not.

Canada does not extradite Nazi war criminals. They have never extradited a Nazi war criminal. This is not the only Nazi war criminal who was requested from Canada. And they are not extradited. They are not denaturalized. They are not deported like the US does. They are not prosecuted inside Canada, which they should be. Nothing is done to these people. I can give you a list of many, many more people who, frankly, were as bad or worse than Hunka and who died peacefully in their beds in Canada.” In fact, it did not take a lot of skill to find former Nazis in Canada as they never hid their real names, Rambam pointed out. “They were absolutely unafraid, unashamed. No remorse, no apology, no nothing,” he said.

“To tell you what I did, we very, very easily, disturbingly easily, were able to compile a list of approximately 1,000 alleged war criminals, Nazi war criminals, members of the Ukrainian units, members of the Latvian Arajs Kommando, murderers that committed crimes in Belorussia, the police units in Lithuania, the special Einsatzkommandos of the Nazis that went all across Europe with the so-called holocaust of bullets and gas vans. All of these people had representatives in Canada. Of the thousand, because we knew that we couldn’t pursue a thousand people, it would be a project for the next 15 years of our lives, we selected the 200 worst on the list.” “I will tell you that one of them was a Ukrainian and the description of his crimes that we had from our sources, it was just one line ‘specialized in the murder of children.’ Specialized in the murder of children. So there are other Ukrainians like Mr. Hunka that came to Canada. Of these 200 people, as private persons, I mean, yes, we’re investigators, we have special skills, but we were operating not as law enforcement, but as private persons, we were able to find approximately 170 of them.”

Babi Yar

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Note the one difference.

• The Striking Similarities in the Menendez and Biden Cases (Turley)

In February 2019, Sen. Bob Menendez was having nightmares. The Democratic senator from New Jersey said he was haunted by a question that “keeps me up at night” — whether President Donald Trump was compromised by the Russian government because of past secret dealings. Menendez’s restless nights also may have had something to do with the fact that at the time, he was allegedly accepting lavish gifts from various sources in exchange for using his Senate seat to bestow favors. The indictment of Menendez and his wife last week included details ofalleged bribes that went to the senator in exchange for revealing sensitive, nonpublic information to Egyptian contacts less than a year before his sleep-deprived speech. Menendez denied the accusations on Friday. However, even if half of this indictment is true, Menendez is toast.

He was able to dodge a bullet in 2017 when a jury hung over a separate series of corruption charges involving lavish gifts. This time, the Justice Department says it has photos of thousands of dollars in cash stuffed in clothing, a luxury car, gold bars and other gifts. That would keep anyone up at night, but there may be one other insomniac this week: Hunter Biden’s lawyer Abbe Lowell. The Menendez indictment likely proved chilling reading for Lowell, who not only represents President Joe Biden’s son but also represented Menendez in his prior bribery trial. There are striking similarities between the Menendez and Biden cases. While Hunter Biden was allegedly selling access to and influence with his father, he also allegedly received massive payments. His associate Devon Archer told Congress that they were selling the Biden family “brand,” and that Joe Biden was “the brand.”

Like Menendez, Hunter Biden allegedly received a luxury car from his foreign clients. For the senator, the Justice Department says it was a $60,000 Mercedes-Benz. For the president’s son, investigators say it was a $142,000 Fisker sports car. Menendez allegedly received gold bars worth up to $120,000. Biden received a diamond allegedly worth $80,000. Indeed, the alleged object of these payments was influence with then-Vice President Biden, when he was the presiding officer of the Senate. Menendez was one of the nation’s most powerful senators at the time. There are also dealings that reference Hunter Biden and his associates in the Menendez matter. When the senator was trying to arrange for Joe Biden to host a foreign event, an aide to Menendez reportedly reached out to Hunter Biden’s associates.

While the president’s son is accused of peddling influence, in Menendez’s case, it is his wife who is accused of acting as a go-between with those trying to buy the senator’s attention. Nadine Menendez allegedly had lunches and countless communications with people, who, according to the indictment, sought favors from the senator. Nadine Menendez allegedly knew the co-defendants before she married the senator in 2020. The couple met at an IHOP, but he fittingly proposed to her in 2019 at the Taj Mahal on a trip to India. The setting for the proposal would foretell the lavish gifts to come. Like Hunter, Nadine started an international consulting company, Strategic International Business Consultants, after being unemployed before meeting the senator. She found ample business.

Like Hunter, she is accused of marketing her ability to deliver access to her husband. In March 2020, she allegedly texted an Egyptian official that “anytime you need anything you have my number and we will make everything happen.” There is of course a major difference between the Biden and Menendez cases: Menendez and his wife are being criminally charged for their alleged influence peddling. The Justice Department has not only let the statute of limitations run out on the most serious tax charges against Hunter Biden, but it also has not charged the president’s son under the Foreign Agents Registration Act. Despite charging figures like Paul Manafort for similar accusations, prosecutors have avoided charges in the Biden case that would put Hunter at the center of a corruption prosecution. Instead, they sought an embarrassing “sweetheart deal” that collapsed in court.

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“Don’t let these white supremacist, “far-right” MAGA nut-jobs drag us out of the comfortable warm, moist darkness we thrive in — perfect conditions for continued blob growth..”

• Two-Punch (James Howard Kunstler)

So, here at week’s end we see these two rather momentous issues juxtaposed: the battle over how to finance that blob-infested monster in DC; and the battle to expose the crimes of a real-life Manchurian Candidate president. Neither battle is going all that well for the minority of citizens who want to live in a pro-reality society. If we follow the fiscal trend, all the tax revenue we can grudge up will barely cover the annual interest on our $30+trillion debt. If we can’t boot out the brain-dead cat’s paw in the White House, then say goodbye to the rule of law and liberty with it.

The people we elect to Congress don’t want to be accountable for specifically authorizing spending on the blob’s multitudinous pet projects. So, they depend on multi-thousand-page omnibus bills nobody can ever scrutinize, and continuing resolution dodges to postpone any necessarily painful action on a budget. Therefore, a dissenting coterie in the House proposes to play hard-ball over de-funding the blob, that is, a government shutdown of unknown duration, until gaslight is replaced by sunlight. The blob itself sends out a frantic S.O.S. Don’t let these white supremacist, “far-right” MAGA nut-jobs drag us out of the comfortable warm, moist darkness we thrive in — perfect conditions for continued blob growth!

After all, these Congresspersons have their lobbyist-donors to answer to, and they’d better come up with the right answer — or else their chance of eventually retiring as multi-millionaires, like Nancy Pelosi did, might slip away. Of course, the joke would be on them (and the rest of us) if it eventually costs a million dollars for a slice of pizza when they try to cash-out. Or is there some dirty secret involved here — for instance, that the blob has also taken over whatever remained of the US economy, too. So that defunding the blob also blows a hole in that putative economy? Or maybe not. Maybe the regular economy can breathe a little again with the blob’s boot off its neck. Let’s go ahead and shut off the flow for a week or two, see what happens.

[..] There’s reason to be discouraged that the people we elect can bring the two great issues of the moment — the blob’s budget and the impeachment of “Joe Biden” — to satisfactory conclusions. They are arguably pseudopods of that very blob, whose very existence is being threatened now, and they have to worry about their shots at becoming multi-millionaires, too. The weeks ahead will inform us if there’s anything that can be salvaged of our federal government or whether we must make other arrangements.

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That status would give them access to billions upon billions in give-aways and cheap loans.

• Ukraine Demands ‘Full’ EU Membership (RT)

Ukraine demands complete accession to the EU and will not accept any substitute proposed by incumbent member states who envision a tiered system of candidates, Prime Minister Denis Shmygal has told Politico. “We want to be a fully-fledged member because Ukraine today is the unique country across the world that has paid such a huge price for its will to become a European Union member,” the senior official insisted. Earlier this month, a report commissioned by France and Germany recommended breaking down the EU’s expansion process into more phases to “ensure a merit-based approach and to manage potential conflicts.” A four-tiered system ranking nations from “inner circle” down to a “European Political Community”was proposed.

Eight nations and the breakaway Serbian province of Kosovo currently have active talks with the EU about possible accession. National leaders will discuss enlargement and reform plans during a summit in Granada, Spain next week. Shmygal emphasized that Ukraine is not aiming for a lower-tier status and anticipates full membership within two years. In explaining what sets Ukraine apart, he pointed to the significant and widespread public support for EU accession among its population. Previously, other senior Ukrainian officials asserted that their nation should be granted membership due to their perceived role in defending the EU from potential Russian invasion. It’s worth noting, however, that Moscow has not indicated any intention to engage in armed conflict with any EU member state.

In a recent Politico interview, Shmygal provided insights ahead of a formal assessment by Brussels regarding Ukraine’s progress in implementing the required reforms as a candidate state last year. The European Commission is anticipated to make a recommendation next month regarding the commencement of formal accession talks. The prime minister vowed that his country “would not be bringing problems” to the EU and, on the contrary, would help it tackle energy dependence, security, defense, and broader economic issues. Currently, Kiev relies on foreign aid to conduct its military campaign against Russia and pay government expenditures. Joseph Borrell, the EU’s foreign policy chief, noted in an interview with The Guardian last week that Ukraine “would be the only country that would be a net beneficiary”should it be granted membership. He added, however, that Kiev’s inclusion in the bloc would also end a “sleeping siesta” period for enlargement.

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None of the money “invested” will ever be seen again.

• Germany-Ukraine Joint Arms Production Venture a Money Laundering Scheme (Sp.)

German arms manufacturer Rheinmetall has received the go-ahead from the country’s Federal Antimonopoly Office to set up a joint venture with the Ukrainian Defense Industry, previously known as Ukroboronprom. According to Rheinmetall, “The JV [joint venture] is to be based in Kiev and engage in service and maintenance as well as the assembly, production and development of military vehicles.” The developments come as a US newspaper reported that Kiev is due to host Western officials and international arms manufacturers for a forum on Friday, touted as an opportunity to increase weapons production inside Ukraine. The newspaper cited Ukrainian Foreign Minister Dmitry Kuleba as saying that representatives of 165 military contractors from 26 nations are expected to take part in the forum.

Alexei Leonkov told Sputnik that Kiev and Berlin are currently writing up an agreement of intent, which is presented as if the decision on the JV has already been made. Actually, however, there are several factors that make these plans by Berlin and Kiev doubtful, the Russian analyst pointed out. First and foremost, Ukraine is involved in hostilities, which means that its industrial sector is often exposed to Russian missile attacks and those conducted by Russian long-range combat drones, according to Leonkov. Secondly, cash-strapped Ukraine’s national debt will soon approach 100%, namely, it will be a bankrupt state in the near future and it remains unclear how investments into the country can be made. The analyst warned that investors’ hopes for some kind of economic effect from the possible JV may never be met because it’s not clear who will make payments.

Last but not least, Rheinmetall – a high-tech company – will most likely have to spend its own money to train Ukrainian workers so that they can be on a first-name basis with German technology, as per Leonkov. “The only thing that can be done is, on the one hand, to do some PR, and on the other – to knock out money that will never be spent on creating the JV’s workshops and production sites. One can easily point the finger at Russian missiles that allegedly destroyed JV sites,” the analyst said, calling the Kiev-Berlin project “a money laundering scheme.” He stressed that even if there was no Russian special military operation in Ukraine, creating the JV could take plenty of time. “This project is at the level of crazy people. Making plans when your ship is already sinking is tantamount to the captain of the Titanic making plans that he will sail, for example, to Beijing next time. So no serious investor will invest in the project, which is a very attractive project in terms of money laundering,” the Arsenal Otechestva editor underscored.

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Wouldn’t be surprising. Certain death appeals to few people.

• Ukrainian Troops Reportedly Refuse Battle Orders Due to Heavy Losses (Sp.)

The Russian Defense Ministry has reported that the 47th Mechanized Brigade had to be withdrawn from the Rabotino area of the Zaporozhye region by the Ukrainian command due to the soldiers’ reluctance to carry out combat missions in the face of mounting casualties. According to information shared on the Telegram channel of the Russian Defense Ministry, the Ukrainian command is currently carrying out the withdrawal of the 47th Mechanized Brigade of the Ukrainian Armed Forces (UAF) from the Rabotino area of the Zaporozhye region as soldiers are reluctant to take on combat orders after the losses they suffered.

The Russian Armed Forces are heavily engaged in the defense of the Zaporozhye direction. Last week, Russian military units successfully repelled eight attacks from enemy assault groups from the 65th Mechanized and 71st Jaeger Brigades in the Verbovoye and Rabotino areas. The Ministry of Defense also announced that the UAF suffered significant losses during the fighting, including over 330 soldiers, 32 armored combat vehicles, 38 vehicles and 25 field artillery pieces. Earlier in the day, the Defense Ministry announced that Russian paratroopers using anti-tank vehicles had neutralized a Ukrainian military observation post on the right bank of the Dnepr River.

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‘..If you want to walk fast, walk alone; if you want to walk far, walk together.’

• Russia-China Partnership Defangs US Empire (Pepe Escobar)

China’s State Council has released a crucial policy paper titled ‘A Global Community of Shared Future: China’s Proposals and Actions’ that should be read as a detailed, comprehensive road map for a peaceful, multipolar future. That is if the hegemon – of course faithful to its configuration as War Inc. – does not drag the world into the abyss of a hybrid-turned-hot war with incandescent consequences. In sync with the ever-evolving Russia-China strategic partnership, the white paper notes how “President Xi Jinping first raised the vision of a global community of shared future when addressing the Moscow State Institute of International Relations in 2013.”
That was ten years ago, when the New Silk Roads – or Belt and Road Initiative (BRI) – was launched: that became the overarching foreign policy concept of the Xi era.

The Belt and Road Forum next month in Beijing will celebrate the 10th anniversary of BRI, and relaunch a series of BRI projects. “Community of Shared Future” is a concept virtually ignored across the collective West – and in several cases lost in translation across the East. The white paper’s ambition is to introduce “the theoretical base, practice and development of a global community of shared future.” The five key points include building partnerships “in which countries treat each other as equals”; a fair and just security environment; “inclusive development”; inter-civilization exchanges; and “an ecosystem that puts Mother Nature and green development first,” as Xi detailed at the 2015 UN General Assembly. The white paper forcefully debunks the “Thucydides Trap” fallacy:

“There is no iron law that dictates that a rising power will inevitably seek hegemony. This assumption represents typical hegemonic thinking and is grounded in memories of catastrophic wars between hegemonic powers in the past.” While criticizing the “zero-sum game” to which “certain countries” still cling to, China completely aligns with the Global South/global majority, as in “the common interests of all peoples around the world. When the world thrives, China thrives, and vice versa.” Well, that’s not exactly the “rules-based international order” in play. When it comes to building a new system of international relations, China prioritizes “extensive consultation” among equals and “the principle of sovereign equality” that “runs through the UN Charter.” History and realpolitik, though, dictate that some countries are more equal than others.

This white paper comes from the political leadership of a civilization-state. Thus it naturally promotes the “increase of inter-civilization exchanges to promote harmony” while elegantly remarking how a “fine traditional culture epitomizes the essence of the Chinese civilization.” Here we see a delicate blend of Taoism and Confucianism, where harmony – praised as “the core concept of Chinese culture” – is extrapolated to the concept of “harmony within diversity”: and that is exactly the basis for embracing cultural diversity. In terms of promoting a dialogue of civilizations, these paragraphs are particularly relevant:

“The concept of a global community of shared future reflects the common interests of all civilizations – peace, development, unity, coexistence, and win-win cooperation. A Russian proverb holds, ‘Together we can weather the storm.’ “The Swiss-German writer Hermann Hesse proposed, ‘Serve not war and destruction, but peace and reconciliation.’ A German proverb reads, ‘An individual’s effort is addition; a team’s effort is multiplication.’ An African proverb states, ‘One single pillar is not sufficient to build a house.’ An Arabian proverb asserts, ‘If you want to walk fast, walk alone; if you want to walk far, walk together.’ “Mexican poet Alfonso Reyes wrote, ‘The only way to be profitably national is to be generously universal.’

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You know the answer in advance. Thing is, Russia got a deal with Bolivia. Lithium OPEC.

• Can The US Defeat Russia In The Lithium Battery War? (Helmer)

In January of this year the United States Geological Service (USGS) reported the reserves of the nine leading countries in the world which mine lithium, the new fuel to power electric batteries. Chile led, followed by Australia, Argentina, China, and the US which claims to have one million tonnes. Russia was left out of the USGS chart. Russian sources report its lithium reserves are currently between 3.5 million and 5 million tonnes; that’s at least three times more than the US. The US is also much more limited in its capacity to develop new domestic lithium mines compared to Russia. Bolivia was also omitted from the US Government chart because its reserves were called unproven resources. In fact and in the ground, Bolivia leads the lithium world with 21 million tonnes.

The difference between what USGS reports and what happens next isn’t the distinction in geologists’ terminology between reserves and resources. It’s US Government policy to stop, sabotage and destroy Russia’s ability to meet its lithium requirement from its own, domestic sources, or by importing from friendly countries like Bolivia. In response, a new plan for combining lithium mining projects in Bolivia and Russia will produce a surplus of Russia’s foreseeable requirement for lithium battery production. But not only that. Allied in technology sharing, investment, trade, and political agreement, the two countries will protect each other in the conservation of the lithium market. If everything goes according to plan, Russia, Bolivia, and the three BRICS states – Argentina, Brazil and China – will dominate the trade in global lithium.

They are already discussing the formation of a collective marketing organisation – a lithium OPEC. Unless the US can stop them. In the latest official paper issued by the State Department on July 23, “the bilateral relationship between the United States and Bolivia” is “strained. Despite these challenges, the United States maintains a strong and respectful relationship with the Bolivian people, with whom we work to advance human rights, entrepreneurship, and cultural and educational initiatives…However, the United States remains concerned by anti-democratic actions and the politicization of the legal system.” This is how the lithium war is starting.

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“He’s here to…here to…he’s got all of the…he runs the…the…the thing. Rocketship.”

• Biden Administration Reports Dangerous African Immigrant At Border (BBee)

As the migrant crisis along the southern U.S. border continued to intensify, a new threat emerged, leading the Biden administration to warn the populace of the presence of a dangerous African immigrant sighted at the border. “This is serious, folks,” President Joe Biden said in brief remarks to reporters. “We’ve received reports of a very menacing African man roaming the region. Everyone knows I’m a long-time advocate for keeping an eye on these African fellas. This one is especially dangerous. He’s here to…here to…he’s got all of the…he runs the…the…the thing. Rocketship.” Despite thousands of unvetted and undocumented foreign nationals pouring across the border every day, the federal government and the mainstream media have continued to remain largely silent on the topic.

The sudden appearance of this African man, experts say, may finally force the Biden administration to address the issue of border security. “They can’t afford to ignore it now,” said Dr. Blake Rumsey of the Foundation for Discussion. “For whatever reason, this particular African man seems to really have them spooked.” The White House was uncharacteristically quick to comment on the news from the border. “Border safety is now a priority,” said gay and black Press Secretary Karine Jean-Pierre. “This African man poses a serious threat to America’s national security and democracy itself. When he gets up from his nap, the president will take this very seriously.” At publishing time, the federal government had announced the deployment of military resources to apprehend the African man.

“Elon Musk went to the southern border to investigate illegal crossings & his interview of local sheriffs & officials now has +81 million views. CNN gets ~474,000 viewers per day”

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Antibiotics

 

 

Rain frog

 

 

 

 

Moment

 

 

Gecko

 

 


UK lighthouses

 

 

 

 

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

 

 

 

 

 

Debt Rattle September 2 2022

Sep 022022
 
 September 2, 2022  Posted by at 8:30 am Finance Tagged with: , , , , ,  59 Responses »


Marc Chagall The soldier drinks 1912

 

• These Are The Leaders Of Biden’s Revolution (Tucker Carlson)
• Biden’s Most Enduring Legacy? (Rickards)
• German FM Made ‘Fantastic Admission’ – Lavrov (RT)
• Ukrainian Troops Captured During Raid On Nuclear Plant – Official (RT)
• Ukraine Suffers Heavy Losses In Failed Offensive – Moscow (RT)
• Ukraine Planned To Use IAEA Team As ‘Human Shields’ – Russia (RT)
• Getting it Wrong on Ukraine (Scott Ritter)
• More Ukraine Military Aid Coming, White House Says (RT)
• Wholesale Gas Prices Fall On Europe’s Plan To Avert Winter Energy Crisis (G.)
• Sanctions Hinder Russian Gas Flow To EU – Gazprom (RT)
• Dead of Winter (Doomberg)
• Which Crime Syndicate Murdered Darya Dugina? (Escobar)
• A Story for Children (Batiushka)
• Greece’s Slide Toward Authoritarianism (Spiegel)
• How Mikhail Gorbachev Became the Most Reviled Man in Russia (CP)

 

 

An American president attempting to incite a civil war. Never seen such a thing.

 

 

Tucker Biden

 

 

 

 

 

 

Facebook fact check

 

 

 

 

Nothing accidental about the decor. But very wrong at the same time.

• These Are The Leaders Of Biden’s Revolution (Tucker Carlson)

If you’re watching this right now, you are missing a rare primetime address from Joe Biden. Biden doesn’t give a lot of those for obvious reasons, but tonight’s topic is worthy of the occasion. America, ladies and gentlemen, is under attack and not from our usual enemies. The threat we face tonight is existential, but it’s not coming from barefoot religious extremists living in caves. It’s not the Chinese government. It’s not even Vladimir Putin himself, the most diabolically evil man in history. No, ladies and gentlemen, this threat is worse than all of that and it’s homegrown. As they say in the horror movies, it’s coming from inside the house. The single greatest threat to America today is Republican voters, all 75 million of them. They are Nazis and destroyers of democracy. They must be stopped. That is the message of Joe Biden’s speech.

Just moments ago, he referred to MAGA forces who are apparently marshaling at Red Lobster near you, ready to take over this country. Now, to underscore how deeply Joe Biden means all of this, tonight’s address in Philadelphia is not being categorized as a campaign event ahead of the midterm elections, which is what it looks like. No. Instead, this speech has the full sponsorship of the White House. In other words, what Joe Biden is saying right now is the official position of the entire executive branch of the U.S. government. That would include the Justice Department, the various Intel agencies and the world’s most powerful standing military. Think about that. Does it make you nervous? You don’t have to be a Trump voter to see a speech like this as a turning point in American history. For hundreds of years, the U.S. has had a political system comprised of two competing parties. If you were to declare one of those parties criminal and illegitimate, what would you be left with?

Well, you will be left with a one-party state and that is what Joe Biden is calling for tonight, a one-party state. It’s shocking. You may have trouble believing it’s even happening and yet it is live on television right now, and yet and here’s what we’re here to tell you, believe it or not, there is an upside to this catastrophe. Even as you watch your beloved country take a turn you never imagined possible, there is reason for hope. American liberals may have obvious dictatorial ambitions. There’s no question they do. Only would-be dictators fear free speech and an armed population. But just because liberals long for a one-party state doesn’t mean they’re going to get one. They won’t. In the end, they don’t have the skills to pull that off. Liberals are too incompetent to overthrow democracy, and that’s obvious from history.

Tucker Biden

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No, he trumped that last night.

• Biden’s Most Enduring Legacy? (Rickards)

What are the advantages of a central bank digital currency? Well, the advantages are speed, cost, security and ease of use. Assume you buy a candy bar at a convenience store. You pay for it with a credit card, which begins a payment process involving maybe five parties including the merchant, the credit card company, the bank and an intermediary called a merchant acquirer (no need to list the details here, but it’s complicated). Ultimately the bank that issues your credit card sends you a bill and you pay it. You also pay a fee, maybe 3%, all to buy a candy bar. But with a central bank digital currency, you could simply pay for the candy bar with an account you have at the Fed. You would disintermediate the merchant acquirer, the banks and the credit card company. It would eliminate the fees we currently face. In a nutshell, the payment system will be faster, cheaper, easier, more streamlined and more secure.

The question is why are they doing this? Well, the banks and the government will tell you that it’s cheaper, faster and safer, so it makes sense. And that’s true, as far as it goes, but there are a lot of hidden agendas here. The first one is to eliminate cash. If you didn’t like the central bank digital currency system for privacy reasons, you might say, “Hey, I feel like I’m under surveillance. This is intrusive. I just don’t trust it. Where’s my alternative?” Particularly if they eliminate the traditional credit card payment system, you might buy your candy bar with cash. But if you’re the government and you want the central bank digital currency to succeed, you have to eliminate cash because it’s your competition. The government hates cash because it’s not traceable. If you spend it, they don’t know that you spent it or how you spent it. They can’t put you under surveillance with cash.

The other thing the government wants is the ability to impose negative interest rates. Instead of earning interest on your money in the bank, you’d be charged to keep it there. Cash stands in the way of negative interest rates because cash doesn’t have a negative interest rate. Assume you bury $100,000 in cash in your backyard. You come back a year later, you still have $100,000. You might not earn any interest on your money, but at least the government can’t take it away. But if all your money is in digital form within the banking system, they can impose negative interest rates on it. The government wants to use the banking system for a lot of other things. They might want to freeze your account, they might want to seize your assets, they might also want to put an expiration date on your money. sImagine you get paid and the government tells you, “That money is going to evaporate or disappear if you don’t spend it in the next six months.” How’s that for a stimulus program?

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How can this woman still have a job this morning?

• German FM Made ‘Fantastic Admission’ – Lavrov (RT)

Russia’s Foreign Minister Sergey Lavrov has described as “fantastic” a recent comment by his German counterpart, Annalena Baerbock, about Berlin’s commitment to backing Kiev. The German official said on Wednesday that her country’s government would stand by Ukraine regardless of what German voters think about it. On Thursday, Lavrov delivered a speech at the Moscow State Institute of International Relations marking the start of the academic year. In it, he said that many Western politicians are in the grip of a “Russophobic obsession.” As a case in point, the minister cited Baerbock’s remark, which she made in Prague on Wednesday. According to Lavrov, what the German official said effectively boiled down to the following: “Yes, our citizens are suffering but they will have to suffer more because we will be supporting Ukraine no matter what.”

The Russian foreign minister described Baerbock’s statement as a “fantastic admission.” Speaking at a conference named ‘Democracy’s Clear and Present Danger: How Do We Respond?’ organized by the NGO Forum 2000, the top German diplomat said: “If I give the promise to people in Ukraine – ‘We stand with you, as long as you need us’ – then I want to deliver. No matter what my German voters think, but I want to deliver to the people of Ukraine.” Baerbock acknowledged that dissatisfaction with the German government among the country’s population would likely increase come winter. She did go on to explain that Berlin would not remain completely deaf to its citizens, though, promising “social measures” for those who “cannot pay [the] energy prices.”

However, the official made it clear that the “sanctions [against Russia] will stay also in winter time, even if it gets really tough for politicians.” Since the start of Russia’s military offensive against Ukraine in late February, and in light of the Western sanctions against Moscow that followed, energy prices in Europe have climbed to historic highs. This has pushed inflation up significantly across the EU, and in Germany in particular. On Wednesday, gas prices surged again on the spot market after the operator of the Nord Stream 1 gas pipeline announced the beginning of a three-day shutdown for maintenance.

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Will Schryver @imetatronink:

“The AFU clown show in southern Ukraine scales new heights. In arguably the most embarrassing debacle of the war yet for Ukraine, they apparently permitted themselves to attempt an MI6-designed and directed commando operation to seize the Zaporozhye nuclear power plant. The would-be commandos, 64 in number, recently “trained” in the UK, set out across the Kakhovskoye reservoir in seven high-speed boats, landed on the opposite shore 3 km from the NPP, where they were immediately met by a Russian ambush.”

“Apparently Russian intelligence was fully aware of their plans and had monitored the debutante commandos from the time they left Poland to pursue their ostensibly glorious operation – allegedly advocated by the corpulent Boris Johnson himself in his recent visit to Kiev.” “Of the 64 “commandos”, at least 47 are now dead, a few wounded, and a dozen trapped with no means of escape, all seven of their boats having been destroyed. The entire undertaking has been an unmitigated amateurish disaster.”

“Apparently, there were also two barges with 320 additional troops that attempted to cross the reservoir, but were sunk en route — all presumably drowned. In fact, some Ukrainian Telegram channels reported that 700 troops were involved. A joke of military planning / execution.”

• Ukrainian Troops Captured During Raid On Nuclear Plant – Official (RT)

Three Ukrainian soldiers, who participated in a botched attempt to capture the Russian-controlled Zaporozhye Nuclear Power Plant on Thursday morning, have been taken alive, Vladimir Rogov, a council member in the Moscow-allied administration of Ukraine’s Zaporozhye Region, has claimed. Of the three, two have been injured and are in serious condition, the official said in an interview with Russian television. Doctors are fighting to save them, he added. An estimated 12 Ukrainian troops are still fighting against Russian forces, he claimed. The Russian Defense Ministry previously claimed that early in the morning, Kiev launched an operation apparently aimed at taking the nuclear site ahead of an inspection by the International Atomic Energy Agency (IAEA).


Some of the Ukrainian troops failed to reach the southern bank of the Dnepr when their vessels were hit and sank, the ministry stated. Up to 60 commandos used speedboats to make a landing, before Russian forces engaged them, the report said. The power plant and the surrounding city of Energodar have been under Russian control since March. Throughout August, it came under regular fire, which Kiev and Moscow blamed on each other. Ukrainian officials also accused Russia of stationing heavy weapons at the nuclear facility. The IAEA’s fact-finding mission is expected to arrive in Energodar later in the day, though there were reports that their progress was interrupted by military activity. Russia and Ukraine have accused each other of attempting to derail the inspection.

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“..I felt sorry for them and I started wondering if this was worth doing at such a cost,” the WSJ quoted a doctor in an intensive care unit as saying..”

• Ukraine Suffers Heavy Losses In Failed Offensive – Moscow (RT)

Kiev’s attempts to take the initiative and advance in the south of the country have failed and resulted in heavy losses, the Russian Defense Ministry reported on Thursday. The Ukrainian forces lost over 350 personnel, as Russian warplanes and artillery were used for kinetic action against Kiev’s forces over the last 24 hours, the ministry’s spokesman said during a daily briefing. Kiev also lost 31 tanks, 22 infantry fighting vehicles, 18 of other types of armored vehicles, eight armed pickup trucks, and 17 of other types of military vehicles, the statement said. This week, Ukraine launched a long-touted offensive to reclaim territories in the south of the country controlled by Russia. Kiev reported capturing some villages, but officials were mostly tight-lipped about the details of the operation, including its cost, citing secrecy.


The Russian side described the action as disastrous for Kiev. A previous Russian military briefing on Wednesday said Ukraine lost over 1,200 soldiers and dozens of pieces of military hardware to Russian fire in a single day. The fact that Ukraine was paying a heavy toll was corroborated by some Western news outlets, including the Wall Street Journal. The newspaper spoke to some of the Ukrainian soldiers injured on the battlefield and medics treating them to glimpse into the situation on the frontline. “When they started bringing in such a large number of wounded, then, honestly, I felt sorry for them and I started wondering if this was worth doing at such a cost,” the WSJ quoted a doctor in an intensive care unit as saying.

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“..we fully understand the complete silence of all Western sponsors of the Zelensky regime..”

• Ukraine Planned To Use IAEA Team As ‘Human Shields’ – Russia (RT)

Kiev forces wanted to seize the Zaporozhye Nuclear Power Plant in a daring military raid and use the personnel of the UN nuclear watchdog as “human shields” to maintain control over the facility, the Russian Defense Ministry claimed on Thursday. The botched raid came shortly before a team of experts with the International Atomic Energy Agency (IAEA) – including the organization’s head, Rafael Grossi – arrived at the plant for an inspection. According to the Russian military, multiple Ukrainian “saboteur groups” crossed the Kakhovka Reservoir in speedboats and barges near the plant early in the morning, but were intercepted and destroyed by Russian troops and National Guard forces.

“Obviously, if the operation of the Kiev regime to seize the station was a success, the head of the IAEA, [Rafael] Grossi, and the experts of the mission would become a ‘human shield’ for Ukrainian saboteurs to prevent any attempts to destroy them by the Russian armed forces,” the Russian MoD said in a statement. The operation aimed at capturing the nuclear power plant appears to have been “planned in advance by Zelensky’s regime,” the Russian military suggested. Moreover, the delay in Grossi’s visit to the installation, originally planned for August 31, stemmed from the Ukrainians’ need for more time to get ready for that “military provocation,” it alleged.

The ultimate goal of the operation was seizing control of the plant, while the presence of the IAEA team would have allowed the “saboteurs”to not only take cover from any potential Russian actions, but also to cement the new “status quo,” the military said. The success of the operation would have likely been reinforced by a “new wave of loud statements from Washington and European capitals, calling upon Russia to establish a ‘demilitarized zone’ around the nuclear plant, with IAEA observers guarded by Ukrainian troops,” it asserted. “In this regard, we fully understand the complete silence of all Western sponsors of the Zelensky regime, which de-facto confirms their tacit participation in the preparation of today’s provocation at the Zaporozhye plant,” the military concluded.

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“..neither Arkin nor his editorial bosses at Newsweek felt any need to explain how Russia could be losing the war twice..”

• Getting it Wrong on Ukraine (Scott Ritter)

Six months into Russia’s “Special Military Operation,” fact-challenged reporting that constitutes Western media’s approach to covering the conflict in Ukraine has become apparent to any discerning audience. Less understood is why anyone would sacrifice their integrity to participate in such a travesty. The story of William Arkin is a case in point. On March 30 (a little more than a month into the war), Arkin penned an article which began with the following sentence: “Russia’s armed forces are reaching a state of exhaustion, stalemated on the battlefield and unable to make additional gains, while Ukraine is slowly pushing them back, continuing to inflict destruction on the invaders.” Arkin went on to quote a “high-level officer of the Defense Intelligence Agency,” who spoke on condition of anonymity, who declared that “The war in Ukraine is over.”

A little less than three months later, on June 14, Arkin wrote a piece for Newsweek with the headline: “Russia Is Losing the Ukraine War. Don’t Be Fooled by What Happened in Severodonetsk.” Apparently neither Arkin nor his editorial bosses at Newsweek felt any need to explain how Russia could be losing the war twice. Anyone who has been following what I’ve been writing and saying since the beginning of Russia’s “Special Military Operation” in Ukraine knows I hold the exact opposite view. Russia, I maintain, is winning the Ukraine conflict, in decisive fashion. But I don’t write for Newsweek. William Arkin does.

Arkin proclaims that Russia is losing though it had, at the time the article was published, just taken the strategic city of Severdonetsk, killing and capturing thousands of Ukrainian forces, and rendering thousands more combat ineffective since they had to abandon their equipment to flee for their lives. (Russia has since captured all of the territory encompassing the Lugansk People’s Republic, including the city of Lysychansk, inflicting thousands of additional casualties on the Ukrainian military.) “The Russian army’s so-called victory,” Arkin proclaimed at the time, “is the latest installment in its humiliating military display and comes with a crushing human cost.” The humiliating display instead is Arkin’s lack of acumen in conducting an independent assessment of the military situation on the ground in Ukraine.

This was again reinforced last week when Arkin penned another article in which he helps disseminate the outlandish claims of his Pentagon sources. “[F]rom late February through August, with only a moderate infusion of weapons from the West, some supportive declarations from Western leaders and a smattering of ‘We Stand with Ukraine’ signs on U.S. lawns,” Arkin writes, Ukraine has been able to “hold at bay the mighty Russian military,” something apparently none thought it could do.

Putin global inflation

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More death coming.

• More Ukraine Military Aid Coming, White House Says (RT)

US National Security Council spokesman John Kirby said on Wednesday that the Biden administration was preparing to announce more packages of military aid for Kiev’s beleaguered forces. Kirby’s statement came a week after US President Joe Biden authorized a record arms shipment worth nearly $3 billion. “There will be announcements of future security assistance in coming days,” Kirby said at a press conference. The upcoming packages will likely be drawn from the $40 billion allocated to Ukraine in a military and economic aid bill passed by Congress in May. The US has doled out this aid in near-weekly installments since the bill’s passage, with last week’s package the largest yet, totaling $2.98 billion. President Biden has promised to keep bankrolling Ukraine’s military for “as long as it takes,” although the US’ end goal in the conflict is unclear.


While Biden wrote earlier this summer that the US does “not want to prolong the war just to inflict pain on Russia,” he has spoken of a desire to affect regime change in Moscow, and his own secretary of defense has stated that weakening Russia is a core US objective. Furthermore, Biden’s officials said that they are willing to risk “a global recession and mounting hunger” just to oppose Russia, the Washington Post stated in June. It is unclear to what extent the supply of American weapons has helped Ukraine hold off Russian forces. A long-awaited counter-offensive in the south of the country ended in dismal failure for Ukraine earlier this week, with Moscow claiming to have destroyed more than 130 Ukrainian tanks and armored vehicles and killed more than 1,200 troops in a single day.

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“There is work on emergency measures on electricity prices. There might be also something on demand reduction for electricity.”

• Wholesale Gas Prices Fall On Europe’s Plan To Avert Winter Energy Crisis (G.)

Wholesale gas prices have tumbled amid signs that European leaders’ plans to avert a winter energy crisis are taking shape. The price of gas for delivery on Friday dropped 21% from last night’s price of 405p per therm to 320p, as the European Commission confirmed it is working on “emergency measures” and the German government said it is “prepared” for the winter. The British wholesale gas price for delivery next week fell 9% to 350p while the month-ahead price fell 6% to 431p on Thursday. Earlier this week the day-ahead price fell from 447p a therm after the European Commission said it was working “flat out” on an emergency package as well as examining structural reform of the electricity market.

The European Commission said on Thursday it was looking into options to cap energy prices and cut electricity demand as part of its upcoming proposals to tackle soaring energy costs. Mechthild Wörsdörfer, deputy director general of the commission’s energy department, told a meeting of European parliament’s energy committee: “There is work on emergency measures on electricity prices. There might be also something on demand reduction for electricity.” The European Commission chief, Ursula von der Leyen, will outline the commission’s ideas on capping energy prices in a speech on 14 September. European countries have rushed to fill up gas storage facilities after Russia cut supplies into Europe. Germany is among the nations most exposed to potential shortages of gas and there are fears that – if the Kremlin switched off supplies altogether – its economy could tumble into recession.

[..] Gas market traders are on tenterhooks to see whether Russia state-owned gas giant Gazprom returns the Nord Stream 1 pipeline under the Baltic Sea back to service after a three-day maintenance shut down, which began on Wednesday. European gas storage facilities are now almost 80% full on average, nearing an EU target for countries to hit 80% full by 1 November. Researchers at Wood Mackenzie predicted high natural gas prices will drive down European demand to 7% below the five-year average in the months through to March, leaving a “best-case scenario” of storage levels at 31% at winter’s end.


Russian gas journey to Europe… Same gas as before, but now liquefied, and routed via China, at much higher price and transport costs…

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“Our opponents have issued so many sanctions-related documents that they created a situation which could be called sanctions confusion..”

• Sanctions Hinder Russian Gas Flow To EU – Gazprom (RT)

Western sanctions could obstruct Siemens Energy from carrying out regular maintenance of equipment for the Nord Stream 1 gas pipeline, Gazprom CEO Alexey Miller said on Wednesday. “Our opponents have issued so many sanctions-related documents that they created a situation which could be called sanctions confusion,” Miller told Russia 1 TV. “And today Siemens has practically no opportunity to provide regular major overhauls of our gas-pumping equipment. Siemens simply has nowhere to carry out this work.” German manufacturer Siemens Energy, which normally services the turbines, said earlier on Wednesday it was not involved in the latest maintenance work being carried out by Gazprom at the compressor station. Russian gas flows via the Nord Stream 1 pipeline to Germany have been suspended from August 31 until September 3 for repairs.


Since July, the Nord Stream 1 pipeline has been operating at reduced capacity due to the shutdown of several gas turbines. One of them was sent to Montreal for repairs and became stuck there due to Canadian sanctions on Russia over the conflict in Ukraine. At Germany’s request, Ottawa announced an exemption for the turbines in July, and sent one of them over, but Gazprom refused to take delivery, citing irregularities in the documentation. Gazprom has cited faulty or delayed equipment as the main reason for the 80% reduction of deliveries via the pipeline. The Kremlin said on Tuesday that only sanctions prevent Nord Stream 1 from working at full capacity.

Putin EU

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“There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger

• Dead of Winter (Doomberg)

In the United Kingdom, a grassroots protest movement has broken out in response to the ongoing energy crisis. With the bill from its failed national policies coming due, ordinary citizens are organizing campaigns to ensure they are not the ones left holding the bag. The mission of Don’t Pay UK is to gather at least one million commitments from Her Majesty’s loyal subjects to simply stop paying their energy bills as of October 1, 2022. At the time of this writing, Don’t Pay UK has passed 130,000 signatures. We expect that number to grow. In reading a recent profile of the movement by Euronews Green, we were struck by the framing of the crisis by some of the movement’s organizers. This quote from the piece and the photo we have reproduced below caught our attention (emphasis added throughout):

“Lewis Ford, an organiser from Hull, agrees the movement is ‘a lot about solidarity’, especially for those forced to choose between heating their home and feeding their family. ‘We’re already talking about the idea of setting up warm banks, which is an absolutely preposterous idea,’ the 31-year-old IT consultant tells Euronews Green. ‘We’re one of the richest nations. So, it’s not like there’s no money, it’s the fact that the money is being kept in one space.’” Sadly for Mr. Ford and the well-intended but totally naïve young woman holding out hope that the unicorn concept of “cheaper cleaner greener” energy is actually a thing, they are both victims of insidious propaganda. As reality will soon demonstrate, if a country can’t afford to keep its citizens warm during the winter, then that country is poor, not rich. And if the proposed solution to this crisis is to double down on the same crazy policies that caused it in the first place, then we should expect the problem to get worse, not better.

As longtime readers of Doomberg will know, we’ve been fascinated by the European energy situation for the better part of the past year, long before the true potential for a crisis was considered acceptable mainstream thought. In re-reading a piece we wrote last October called “Putin’s Fools Rush In,” we correctly predicted who held the real power in the developing conflict. We also badly overestimated the willingness of Western political leaders to recognize reality. Here are two quotes revealing the miscalculation: “The prize Putin will soon collect is the inevitable go-ahead by Germany to begin operating the Nord Stream 2 pipeline, an act that will decisively and irreversibly conclude a years-long struggle between the United States and Russia in Putin’s favor.” s“Energy is life. Those projects will get developed. The geopolitical power vacuum we are creating will get filled. We might not be serious, but our enemies are ruthlessly so. They raise a toast to our self-inflicted demise.”

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“The hit on the Moskva was a NATO operation, ordered by the US. The Russian Ministry of Defense knows – and the Americans know they know. Retaliation will come – in the time and place of Moscow’s choosing.”

• Which Crime Syndicate Murdered Darya Dugina? (Escobar)

Disclosure: I prize my friendship with Alexander Dugin – we met in person in Iran, Lebanon and Russia: a towering intellectual and extremely sensitive spirit, eons away from the crude stereotype of “Putin’s brain” or worse, “Putin’s Rasputin” slapped on him by Western media sub-zoology specimens. His vision of Eurasianism should be granted the merit of an ample intellectual discussion, a real dialogue of civilizations. But obviously the current woke incarnation of the collective West lacks the sophistication to engage in real debate. So he’s been demonized to Kingdom Come. Darya, who I had the honor to meet in Moscow, was a young, shining star with an ebullient personality who graduated in History of Philosophy at Moscow University: her main research was on the political philosophy of late Neoplatonism.

Obviously that had nothing to do with the profile of a ruthless operative capable of “compromising” money flows. She did not seem to understand finance, much less “dark” financial ops. What she did understand is how the Ukrainian battlefield mirrored a larger than life clash of civilizations: globalism against Eurasianism. Back to the assertions by the Russian intel agent, they cannot be simply dismissed. For instance, at the time he came up with the definitive version of the hit on the Moskva – the flagship of the Russian Black Sea fleet. As he emailed to a select audience, “the destruction of the flagship of the fleet was planned as a strategic task. Therefore, the operation of delivering the PKR [anti-ship missile] to Odessa took place in strict secrecy and under the cover of electronic warfare. As the ‘killer’ of the cruiser, they chose the PKR, but not the Neptune, as spread by Ukrainian propaganda, but the fifth-generation NSM PKR (Naval Strike Missile, range of destruction 185 km, developed by Norway-USA).

The NSM is able to reach the target along a programmed route thanks to the GPS-adjusted INS, independently find the target by flying up to it at an altitude of 3-5 meters. When reaching the target, the NSM maneuvers and puts electronic interference. A highly sensitive thermal imager is used as a homing system, which independently determines the most vulnerable places of the target ship. A stationary container installation secretly delivered to Ukraine was used as a launcher. Thus, after the damage to the cruiser Moskva, which led to its flooding (…) the Black Sea Fleet, unfortunately, no longer has a single ship with a long-range anti-aircraft missile system. But not everything is so bad. A three-band radar ‘Sky-M’ is located in Crimea, which is capable of tracking all air targets at a range of up to 600 km.” So there you go. The hit on the Moskva was a NATO operation, ordered by the US. The Russian Ministry of Defense knows – and the Americans know they know. Retaliation will come – in the time and place of Moscow’s choosing.

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“..and took all the money and the lands of the little prince and broke all the guns that the Kingdom of the West had sent him.”

• A Story for Children (Batiushka)

Once upon a time there was a world where there were four Kingdoms. These were called the Kingdom of the North, the Kingdom of the East, the Kingdom of the South and the Kingdom of the West. Now the smallest Kingdom by far was the Kingdom of the West, which was only a tiny part of the whole. But it was by far the richest of the four Kingdoms. This was because it kept stealing things with guns and with cunning from the other three Kingdoms. But it turned out to be by far the stupidest Kingdom. This was because it loved itself so much that it could no longer see in front of its nose. Now it all happened in this way.

First of all, the wizards of the Kingdom of the West created a nasty illness called a Pestilence. They wanted to kill the people in the other three Kingdoms. In fact, the other three Kingdoms threw off the Pestilence. And because they were cowards, the rulers of the Kingdom of the West scared themselves and made themselves very ill and very poor instead. Then the Kingdom of the West said: ‘We will start a War with the Kingdom of the North because that is the Kingdom that is the closest to us. Then we will be able to take all their lands and all their money. And in that way we shall get back all the money we lost in our Pestilence and we will all be happy again’. So the Kingdom of the West found a little prince in the Kingdom of the North, whose country was next to the Kingdom of the West. And they paid him and all the rich people there lots of money and sent them lots of guns to fight against the very big Kingdom of the North.

And then the Kingdom of the West added, ‘To make sure we win, we will not buy any things from the Kingdom of the North any more and so they will have no money, but we will be richer and richer’. However, made blind by their love for themselves, the Kingdom of the West had not seen that the Kingdom of the North was much bigger, much richer and much stronger than it was. And as well as that, the Kingdom of the North was helped by the Kingdom of the East and the Kingdom of the South. And those two Kingdoms very much wanted all the things the Kingdom of the North had to sell. So the Kingdom of the North sold all its things to the Kingdom of the East and the Kingdom of the South and became rich. Then the Kingdom of the North conquered the little prince, making his rich people run away, and took all the money and the lands of the little prince and broke all the guns that the Kingdom of the West had sent him.

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Don’t piss off the German media. You can’t afford to.

• Greece’s Slide Toward Authoritarianism (Spiegel)

Once again this summer, millions of Europeans were able to experience the pleasant side of Greece: the sun, the beaches and the hospitality. Greece is, with good reason, a favorite destination for holidaymakers in Europe. Which perhaps helps explain why governments in other European capitals seem happy to overlook the more unpleasant aspects of their EU partner. The European Commission and various courts have long been focused on the erosion of democracy in Hungary and Poland. But thus far, nobody in Brussels, Berlin or Paris has seemed particularly concerned that Greece, under the leadership of Prime Minister Kyriakos Mitsotakis, has also been increasingly drifting toward autocracy.

Mitsotakis poses as a liberal reformer who has improved his country’s financial and economic prospects. But he isn’t quite as fond of talking about the countless legal violations that Greek civil servants have committed on his watch. In migration policy, especially, the Greek government has essentially abrogated international and European law. In the last two years, Greek security personnel have intercepted thousands of refugees and violently forced them to return to Turkey. They have also used other migrants as slaves to assist in these illegal pushbacks. In other instances, Greek officials have towed asylum-seekers out to sea and abandoned them on unsafe inflatable rafts. Almost never is a Greek official forced to answer for crimes committed on the country’s borders. What does frequently happen, by contrast, is that those who document such crimes come under intense pressure.

The NGO Josoor, for example, a group that has spent two-and-a-half years helping pushback victims, recently suspended operations after months of harassment by Greek agencies. Members of other aid groups have been persecuted as migrant smugglers. And DER SPIEGEL reporter Giorgos Christides has been vilified as a Turkish agent in pro-government Greek media outlets. After DER SPIEGEL published a report last week about Greek officials declining to provide any assistance to a five-year-old Syrian girl who lay dying on an island in the Evros River, which demarcates part of the Turkish-Greek border, the government in Athens eschewed any self-criticism. Instead, they assailed Christides for allegedly using illegal methods to establish contact with the victim’s parents. It is precisely this kind of guilt reversal that has become common practice in Athens.

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“Gorbachev’s spouse, Raisa, asserted the resulting deaths of 200 Armenian protestors in a crackdown ordered by Gorbachev left him tormented and never the same.”

• How Mikhail Gorbachev Became the Most Reviled Man in Russia (CP)

[..] it was not only in the economic realm that Gorbachev’s reforms caused chaos. Liberated from decades of control from an overbearing state, Gorbachev’s perestroika untied the heretofore tightly wrapped package of nationalism that Lenin and Stalin previously contained. Nationalists in the republics came to hate Gorbachev for his attempt at retaining the USSR, even a democratized one with autonomous republics. Meanwhile, Great Russian chauvinists despised Gorbachev for letting the Soviet system unwind and failing to use state power to keep the empire intact. One notable exception on the latter was in Armenia, where protests were causing an uncontrolled opening of the Soviet border with Iran. Gorbachev’s spouse, Raisa, asserted the resulting deaths of 200 Armenian protestors in a crackdown ordered by Gorbachev left him tormented and never the same.


Yet, this limited use of force in Armenia was largely the exception to Gorbachev’s refusal to use violence against protestors. The Balts were also having none of Gorbachev’s attempts to reform the Soviet system. Gorbachev’s reforms gave them an opening to bolt for the exit, and they ran. Ukrainian, along with Russian, nationalists also awoke under Gorbachev. Many in the Russian and Ukrainian republics also backed independence from the USSR for economic reasons. Why? Russians assumed they were rich and were held back by parasite Soviet republics draining their wealth. Likewise, Ukrainians pitched independence as the road to milk and honey. Ukraine’s vast black earth belt and formidable industry in the Donbas surely would make it rich once liberated from the Soviet Union, so they thought.

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Walls closing in

 

 

 

 

Tucker Desmet

 

 


“Are you happy with the Chancellor’s work?” Find the trick.

 

 

Hanson Smollett

 

 

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

 

 

 

Debt Rattle May 6 2022

May 062022
 
 May 6, 2022  Posted by at 8:45 am Finance Tagged with: , , , , , , , ,  56 Responses »


Pablo Picasso Nude on a beach 1929

 

• NATO’s New World (Vilches)
• Ukraine’s Forces Told To Hold The Line Where Russia Pulverizes Them (MoA)
• For Those Who Still Don’t Understand (Sergey Glazyev)
• Why is the White House Bragging About Killing Russians in Ukraine? (CTH)
• Sleepy Joe’s $33 Billion Abomination (Stockman)
• Tulsi Gabbard Bashes Biden For Calling Millions Of Americans Terrorists (Blaze)
• Elon Musk Expected to Axe Twitter’s Censorship Team, Become CEO (BN)
• Musk Blasts Soros ‘Dark Money Groups’ Threatening Twitter Advertisers (ZH)
• Musk Summoned to Parliament for his Pledge to Restore Free Speech (Turley)
• Five Steps to Free Speech in Social Media: A Musk Roadmap (Turley)
• 2000 Mules (AG)
• FDA Limits Use of Johnson and Johnson Vaccine Due to Blood Clots (CTH)
• McCullough: 30% of US Pilots May Have COVID Jab-Induced Heart Conditions (ET)
• UN: Obesity Levels In Europe At ‘Epidemic Proportions’ (AP)
• EU Officials Being Trained To Meditate To Help Fight Climate Crisis (G.)

 

 

 

 

Tucker MAGA

 

 

 

 

Psaki abortion

 

 

Celente

 

 

“..per the Führer´s own description, such lebensraum was to be found – oh coincidence — “in the Ukraine and intermediate lands of eastern Europe”

• NATO’s New World (Vilches)

UK Foreign Secretary Liz Truss recently experienced her 15 minutes of glory with a blatant hissy-fit rant policy speech at a London´s Mansion House banquet. She posited that the collective West now needs “a global NATO” to pursue geopolitics anew. Publically, Ms Liz Truss tapped her well-known Rule Britannia Anglo-Saxon exceptionalistic mind-set which now would badly require a much larger “lebensraum”. By the way, the Rule Britannia lyrics ´clearly clearly clearly´ let the world know that “…at heaven’s command…Britons never, never, never shall be slaves”. No way, slaves will exist, but Britons should make sure it´s the other way around, see ? So beware… With an AUKUS core, the strategic concept is “all for one, and one for all” just like ´The Three Musketeers´ except that the world´s livelihood is for real, not a novel. Liz Truss is not a cartoon character either, she is today´s United Kingdom Foreign Secretary.

Lebensraum Ukraine would only be the starting point says Truss very proud of British colonial history. Actually it´d have to be even far larger than what Adolf Hitler originally foresaw with his Nazi foreign policy dictum left on record in “Mein Kampf”. Unbelievably, and per the Führer´s own description, such lebensraum was to be found – oh coincidence — “in the Ukraine and intermediate lands of eastern Europe”… Mind you readers this is a historical certainty, unfortunately not fiction. Curiously enough, WW2 ended when Germany´s dictator shot his lover and himself in the temple only four years after the Wehrmacht had invaded Ukraine pursuing its much-needed Caucasus´ oil. So paraphrasing Mark Twain, and relating Nazis to Ukraine and oil …with the Russians defending and finally winning… history doesn´t repeat itself, but it sure does rhyme.

But no Sir, what Adolf Hitler conceived 90 years ago today is not large enough at all for NATO, sorry. Per Liz Truss (more on her later) it´d be a flashing new “Network of Liberty” yet global in nature, understand ? The time and place of this new “Global NATO” setting Ms Truss says is (1) right now and (2) throughout the whole world, okay ? Furthermore, in the meantime and so as not to waste valuable time and resources, Liz Truss urges current (limited) “European” NATO to send more “heavy weapons, tanks, and also airplanes” to Ukraine ASAP “digging deep into our inventories and ramping up production”. Her obvious Russo-Europhobic objective is to split Eurasia into fractions according to the very British well-proven ´divide and conquer´ philosophy.

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“The order was given because the ‘west’ has pushed the Ukrainian president to not make peace with Russia. The consequence will be the assured destruction of the Ukrainian military.”

• Ukraine’s Forces Told To Hold The Line Where Russia Pulverizes Them (MoA)

The Russian military forces are grinding down Ukrainian ground forces by extensive use of heavy artillery. The Ukrainian artillery has been destroyed or lacks ammunition.The Ukrainian forces have orders to stay in their position and to hold the line. That only makes sure that Russian artillery strikes will destroy them. The order was given because the ‘west’ has pushed the Ukrainian president to not make peace with Russia. The consequence will be the assured destruction of the Ukrainian military. There are claims that the Russian progress in Ukraine has been slow or has even come to a halt:


“The United States assessed last week that Russian troops were making “slow and uneven” progress in the Donbas, often of no more than “several kilometers … on any given day, just because they don’t want to run out too far ahead of their logistics and sustainment lines,” one senior U.S. official told journalists. But in its daily reports, the Institute for the Study of War noted that Russian forces made no confirmed ground attacks on Monday or Tuesday. It said a Ukrainian artillery strike April 30 on a Russian command headquarters near Izium has slowed the Russian push, and noted that, farther north, a Ukrainian counterattack Monday pushed Russian forces back 25 miles east of Kharkiv.”

Those claims do not hold up to reality. As Clausewitz wrote about the Schwerpunkt in ‘On War’: “[N]o matter what the central feature of the enemy’s power may be—the point on which your efforts must converge—the defeat and destruction of his fighting force remains the best way to begin, and in every case will be a very significant feature of the campaign.” Basing our comments on general experience, the acts we consider most important for the defeat of the enemy are the following: “Destruction of his army, if it is at all significant. Seizure of his capital if it is not only the center of administration but also that of social, professional, and political activity. Delivery of an effective blow against his principal ally if that ally is more powerful than he. Accordingly the Russian military is tasked with demilitarizing the Ukraine, Clausewitz’ task one, and that is what it is doing.


Russia is using the best available means to destroy the Ukrainian military. On the ground that means ruthless systematic mass use of artillery. Reports about the high morale of the Ukrainian soldiers who halt Russian advances are copium when compared with the reality of the battlefield. From the preface of the book King of Battle: Artillery in World War: “Artillery dominated the battlefields of World War I. That was seen in various ways, from wounding patterns and doctors’ clinical data, to memoirs, diaries, and letters, through to changed military doctrine after the war. No nation that had experienced significant ground combat would blithely assume morale could replace firepower. Artillery even holds the dubious distinction of causing a new diagnosis, shellshock.”

Azov Mariupol

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“..color revolutions” financed by the Comprador oligarchy under the promise of unfreezing assets seized in the US-European jurisdiction..”

• For Those Who Still Don’t Understand (Sergey Glazyev)

A special military operation (SVO) revealed a plan prepared in advance by the US power and financial elite to seize power in Russia. It includes the following components and stages.

1. Wear out the Russian armed forces in a war with well-trained and directly controlled by the Pentagon fighters of the Armed Forces of Ukraine, “stitched” by the Nazis with a vertical of officers appointed by the US and British special services. Turn the population of Ukraine into zombies infected with Russophobia. At the same time, incite the international community against Russia, making accusations of war crimes and genocide against its leadership. On this basis, confiscate Russia’s foreign currency assets and impose total sanctions against it, causing the maximum possible damage. This stage is actually completed.

2. Terrorize the Russian population with shelling of border settlements and military infrastructure, sabotage of transport, and hacker attacks. Hit the public consciousness with a flood of negative fake news and anti-government propaganda through social networks. To impose, through their agents of influence in the financial and economic authorities, an economic policy that blocks the mobilization of resources, including: inflating interest rates, continuing the export of capital, encouraging currency and financial speculation, manipulating the ruble exchange rate, and inflating prices. Thus, the sanctions can be repeatedly aggravated and provoke a collapse in production and a decline in living standards. This stage is in full swing.

3. Provoking protest moods and destructive socio-political actions aimed at overthrowing the legitimate authorities against the background of falling living standards and losses in the course of their activities. The use of the entire arsenal of methods for organizing “color revolutions” financed by the Comprador oligarchy under the promise of unfreezing assets seized in the US-European jurisdiction. At the same time, we are preparing the organizational and ideological foundations for separatist actions in the regions. This stage is under active development.

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“Perhaps because the only historic way out of a deep economic recession is a war or housing starts?”

• Why is the White House Bragging About Killing Russians in Ukraine? (CTH)

Does Joe Biden intend to take the U.S. into a direct war with Russia? Perhaps because the only historic way out of a deep economic recession is a war or housing starts? Perhaps, because they need a bigger distraction from the political impact of their own policies? Those questions need to be asked and answered quickly, because the White House is about to flip the switch from a “proxy war” into an actual hot war between the United States and Russia. How do we know? Because the Biden administration is openly bragging about their specific military operations inside Ukraine that are killing Russians. Consider:

NYT: “The United States provided intelligence that helped Ukrainian forces locate and strike the flagship of Russia’s Black Sea fleet last month, another sign that the administration is easing its self-imposed limitations on how far it will go in helping Ukraine fight Russia, U.S. officials said.” NYT:”The United States has provided intelligence about Russian units that has allowed Ukrainians to target and kill many of the Russian generals who have died in action in the Ukraine war, according to senior American officials.”

Why would Joe Biden be bragging about killing Russians in Ukraine if he wasn’t trying to provoke us into a hot war? “The administration has sought to keep much of the battlefield and maritime intelligence it is sharing with the Ukrainians secret out of fear it will be seen as an escalation and provoke President Vladimir V. Putin of Russia into a wider war. But in recent weeks, the United States has sped heavier weapons to Ukraine and requested an extraordinary $33 billion in additional military, economic and humanitarian aid from Congress, demonstrating how quickly American restraints on support for Ukraine are shifting.”

Priest

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“In the target practice galleries of Washington politics, Vlad became the Donald’s avatar.”

• Sleepy Joe’s $33 Billion Abomination (Stockman)

Donald Trump has been well relegated to the sidelines of America’s political debate, but the TDS (Trump Derangement Syndrome) lives on, more virulent than ever. The latter is what’s behind Washington’s descent into the current mindless Ukraine war fever—an outbreak of irrationality that makes even the post-9/11 hysteria seem like an orderly discourse. At the center of this madness, of course, is Vladimir Putin, the Devil Incarnate. Prior to February 24th he had attained that designation in Imperial Washington not just because of his rough methods of governance in Russia or small time military forays in the 2008 South Ossetia/Georgia dispute or in putting down alleged terrorists in Chechnya, but because according to the RussiaGate hoax he had thrown the election to Donald Trump in 2016, thereby shockingly interrupting the rule of the bipartisan duopoly.

Accordingly, for the next four years the apparatus of official Washington–including the MSM in cahoots with the national security state—did not cease in its vilification of Putin via the running RussiaGate Hoax, the phony Mueller investigation, the rogue impeachment proceedings and the nonstop MSM linkage of Trump’s unwelcome presence in the Oval Office with the nefarious doings of Vlad Putin. At length, the TDS got so virulent and all-consuming inside the beltway that the resulting enmity toward Donald Trump became coterminous with the demonization of Putin. Consequently, when Trump got ushered off the stage (barely) by the American electorate in November 2020, Washington’s war on the Donald simply got re-focused with fevered intensity on Putin. In the target practice galleries of Washington politics, Vlad became the Donald’s avatar.

Needless to say, with the politicians in both parties foaming at the mouth against Putin, the Deep State and military-industrial complex had a field day hyping Russia into a national security threat that was not remotely justified, but which did massively distort policy. That includes perpetuating the Donald’s insanely bloated national security budget even further to $813 billion in the FY 2023 Biden request; stonewalling Russia’s reasonable proposals of December to reset security arrangements in eastern Europe, which would have precluded the devastation now besetting Ukraine entirely; and, after February 24th, turning the intramural dispute between Russia and its historic vassal and step-child, Ukraine, into a purported history-defining contest between peaceful Democracy and belligerent Autocracy—a struggle that justified launching a global Sanctions War against the very essence of the dollar-based payments and trading system upon which America’s tenuous prosperity precariously rests.

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“You remember when his attorney general said, you know, anyone who holds extremist or anti-authority views will be targeted for investigation and potential prosecution by their domestic terrorist unit..”

• Tulsi Gabbard Bashes Biden For Calling Millions Of Americans Terrorists (Blaze)

President Joe Biden lashed out at the “MAGA crowd” and supporters of former President Donald Trump on Wednesday. The harsh and derogatory disparagement against tens of millions of Americans prodded former Democratic presidential candidate Tulsi Gabbard to condemn President Biden. On Wednesday, Biden suggested that the potential overturning of Roe v. Wade was a slippery slope. Biden proposed a hypothetical situation, “What happens if you have states change the law saying that children who are LGBTQ can’t be in classrooms with other children?” President Biden told reporters at the White House, “Is that legit under the way the decision is written? What are the next things that are going to be attacked?” “Because this MAGA crowd is really the most extreme political organization that’s existed in American history, in recent American history,” Biden said, making a reference to Trump’s “Make America Great Again” movement.

[..] Gabbard was incensed by Biden’s incendiary remarks and slammed the president during an appearance on Fox News’ “Hannity.” “When you look at the President of the United States of America calling millions of Americans, essentially terrorists, people who politically opposed him or voted against him, he’s calling them terrorists in an attempt to intimidate them into silence. And we know this because we’ve heard this before from both him and his attorney general.” Gabbard pointed to the Justice Department’s newly-formed “Domestic Terrorism Unit” that will target the “elevated threat from domestic violent extremists.” “You remember when his attorney general said, you know, anyone who holds extremist or anti-authority views will be targeted for investigation and potential prosecution by their domestic terrorist unit,” Gabbard said.

“So he’s essentially saying that this, quote-unquote ‘MAGA’ crowd are worse than terrorists. This is outrageous.” “And so for every American who’s watching, every American who’s seen this, no matter how you feel about the MAGA crowd, this is an authoritarian assault on our freedom,” the former Democratic congresswoman from Hawaii proclaimed. “And we need to stand together very strongly against this attempt to intimidate and silence anyone who holds political views that are different from or opposed to what this president and his administration are furthering. This is an assault on our democracy.”

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“I’m on the warpath!” he declared.”

• Elon Musk Expected to Axe Twitter’s Censorship Team, Become CEO (BN)

Billionaire tech entrepreneuer Elon Musk is “on the warpath.” Musk is now “expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company,” according to CNBC’s David Faber. The Tesla founder and CEO has the Woke establishment in full meltdown, even reportedly bringing the Big Tech platform’s Trump-banning chief counsel Vijaya Gadde to tears. She’s now expected to be axed. Musk, known for his cryptic tweets, alluded to shaking up the leadership team; of course, he did it with a meme. The context for the meme was provided by Newsmax’s Benny Johnson. It regards an interview between Tim Pool and the Twitter chief counsel herself.

“So your platform restricts speech?” Pool asked. “Our platform promotes speech unless people violate our rules,” Gadde replied. “In a specific direction,” he said. “In any direction,” she argued. “It’s about a pattern and practice of violating our rules.” Pool pointed out the obvious: “You have a pattern and practice of banning only one faction of people.” Then, Pool cited a report from Quillette. It found that out of 22 high-profile bannings from 2015, “21 of them were only on one side of the cultural debate.” “But I don’t look at the political spectrum of people when I’m looking at their tweets,” she claimed.


Musk has big plans for one of the most influential social media platforms. At the Met Gala on Saturday, he discussed his vision with the Associated Press. “Well, I mean, the goal that I have, should everything come to fruition with Twitter, is to have a service that is broadly — is as broadly inclusive as possible where ideally most of America is on it and talking!” Musk told the AP. “I think just generally, the — I’m looking for something that’s like I said as broadly inclusive as possible, that’s as trusted as possible as a system, and I hope we are successful in that regard,” he continued. “I’ve also vowed this publicly that we have to get rid of the bots, trolls, scams, and everything,” he added. “That’s obviously diminishing the user experience and we don’t want people to get tricked out of their money and that kind of thing.” “I’m on the warpath!” he declared.

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“Twitter risks becoming a cesspool of misinformation, with your brand attached, polluting our information ecosystem in a time where trust in institutions and news media is already at an all-time low..”

• Musk Blasts Soros ‘Dark Money Groups’ Threatening Twitter Advertisers (ZH)

Elon Musk’s purchase of Twitter has the world’s elites in panic mode – with the Biden administration launching a “Disinformation Governance Board” days after his announcement…followed by the United States, the EU, and 32 non-EU countries announcing a “Declaration for the Future of the Internet” that includes language to require web services to remove illegal content and prevent ‘harm’ to users – which is code for mean tweets, among other things. Another globalist, Bill Gates, is talking greasy after Musk compared the world’s former richest man to the pregnant man emoji. Musk’s purchase also prompted a constellation of 26 Soros-linked NGOs to sign a letter expressing concern about the plan – writing that “Elon Musk’s takeover of Twitter will further toxify our information ecosystem and be a direct threat to public safety, especially among those already most vulnerable and marginalized.”


The authors that under Musk’s management, “Twitter risks becoming a cesspool of misinformation, with your brand attached, polluting our information ecosystem in a time where trust in institutions and news media is already at an all-time low,” adding “Your ad dollars can either fund Musk’s vanity project or hold him to account. We call on you to demand Musk uphold these basic standards of community trust and safety, and to pull your advertising spending from Twitter if they are not.” Those advertising on Twitter would risk their company associating “with a platform amplifying hate, extremism, health misinformation, and conspiracy theorists,” according to the letter. A quick look at the signatories:

Musk responded to the campaign against him by asking “Who funds these organizations that want to control your access to information? Let’s investigate …” adding “Sunlight is the best disinfectant.”

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“..Clinton and others hope that the Europeans can replace corporate censorship with good old-fashioned state censorship…”

• Musk Summoned to Parliament for his Pledge to Restore Free Speech (Turley)

I previously wrote about Hillary Clinton’s call on European countries to pass censorship laws to force social media companies like Twitter to regulate speech even after Elon Musk’s pledge to restore free speech to Twitter. Now the Parliament has called on Musk to testify and to explain his alarming pledge to restore free speech. The Biden Administration’s Disinformation Governance Board head, Nina Jankowisz, previously called upon Great Britain to impose state censorship rules. That call has grown since Musk’s purchase. Until now, a unified front of corporate censors was able to maintain an extensive system of censorship with the encouragement of politicians and pundits, including Joe Biden and Democratic members .

The head of the Digital, Culture, Media and Sport Committee in the House of Commons, Conservative MP Julian Knight has assured her countrymen that they can stay calm and censor on. She issued a letter for Musk to appear before the committee to answer for his terrifying suggestion of free speech: “At a time when social media companies face the prospect of tighter regulations around the world, we’re keen to learn more about how Mr Musk will balance his clear commitment to free speech with new obligations to protect Twitter’s users from online harms.”

Like the EU’s censorship plans under the Digital Services Act, the proposed Online Safety Bill would introduce state censorship through the purview of Ofcom (The Office of Communications), the broadcasting regulator in Britain. It would allow the company to fine firms up to ten percent of their global revenue should they violate ill-defined “harm” standards. If passed, Clinton and others hope that the Europeans can replace corporate censorship with good old-fashioned state censorship. This includes confiscatory fines for anything deemed “grossly offensive.“ The bill would allow countries like Great Britain to impose censorship on the rest of the world.

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“These challenges are difficult but pale in comparison to reinventing space travel.”

• Five Steps to Free Speech in Social Media: A Musk Roadmap (Turley)

5. Protect against Surrogate State Censors.

As it became more likely that Musk could buy Twitter, there was a notable shift in the comments of pro-censorship figures. Hillary Clinton, who has long been viewed as hostile to free speech values, went to Twitter to call on the European Union to quickly pass the Digital Services Act in Europe to force censorship “before it’s too late.” That time table appears to be the Musk takeover when the public will suddenly have a free speech alternative to the once solid alliance of censorship among social media companies. Since figures like Clinton cannot count on corporate surrogates to censor, they are returning to good old-fashioned state censorship. If the DSA is passed, they hope to force Twitter to resume censoring material – a warning echoed by EU officials this week. Congress needs to act to blunt such an attack on American companies seeking to restore free speech values.

At the same time, the United Kingdom is pushing its own Online Safety Act and recently Musk was summoned to Parliament to answer for his alarming suggestion of restoring free speech on social media. The British are assuring citizens to “stay calm and censor on” despite Musk’s pledge. It is threatening to take ten percent of the company’s profits if Musk does not censor users. Musk will have to create firewall or siloed systems for countries forcing censorship. These systems should post tweets with a warning that these users are being subjected to national censorship standards while protecting U.S. users from having their free speech reduced to the lower common denominator.

These challenges are difficult but pale in comparison to reinventing space travel. The greatest asset that Musk brings to Twitter beyond a deep pocket and deep faith in free speech is his legendary creativity. He tends to focus on a horizon rather than the obstacles or opponents before him. Free speech remains a horizonal ideal but one that is attainable for someone with unflagging commitment and creativity. This could be the ultimate “moon shot” for Musk to bring free speech back to the Internet.

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Think this was also banned from Twitter.

• 2000 Mules (AG)

After the 2020 election, government officials and their allies in the media repeated the mantra that the election was the “most secure in American history,” Dinesh D’Souza pointed out before the premiere of his new documentary film 2000 Mules at Mar-a-Lago, Wednesday night. But how would they know that? D’Souza wondered. Even if they couldn’t prove the election was rigged, “it still doesn’t follow that it was the most secure election in history,” he said. “The only way you could prove that would be if you were to compare the amount of fraud in 2020 with 2016, with 2012, with 2008, with 2004, and show that there has been less fraud now than in any of those elections.”

D’Souza’s question is a good one. Did election officials study the security of every election prior to 2020 to make the determination that the 2020 election was “the most secure ever”? Or were they just spinning another false narrative that benefits one side of the aisle? The movie 2000 Mules handily answers that question. Using state-of-the-art technology, the film convincingly makes the case that the 2020 presidential election was perhaps the most unsecure election ever, and was stolen from former President Trump.

The election intelligence organization True The Vote gathered geospatial and temporal data—amounting to a total of 10 trillion cell phone pings—between Oct. 1 and Nov. 6 in the battleground states of Georgia, Arizona, Michigan, Wisconsin, Pennsylvania, and Texas. The researchers looked at data surrounding ballot drop boxes in targeted areas, as well as UPS stores and select government, commercial, and non-governmental organization (NGO) facilities. This data, coupled with the surveillance video of the drop boxes, provide damning evidence of a coordinated illegal ballot trafficking operation across critical swing states. “Without free and fair elections, we are not a democracy, we are a criminal cartel masquerading as a democracy,” D’Souza argues in the movie.

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The vaccines still haven’t done enough harm, apparently.

• FDA Limits Use of Johnson and Johnson Vaccine Due to Blood Clots (CTH)

The FDA has limited the use of the Johnson and Johnson COVID vaccine to only those over 18-years-old due to blood clotting issues. Johnson & Johnson’s Covid-19 vaccine is now limited to adults due to the risk of a rare blood clotting syndrome. FDA – “Today, the U.S. Food and Drug Administration has limited the authorized use of the Janssen COVID-19 Vaccine to individuals 18 years of age and older for whom other authorized or approved COVID-19 vaccines are not accessible or clinically appropriate, and to individuals 18 years of age and older who elect to receive the Janssen COVID-19 Vaccine because they would otherwise not receive a COVID-19 vaccine.” (read more)


WHAT CHANGED? – “The FDA and CDC have continuously monitored for and investigated all suspected cases of TTS reported to VAERS. In an updated analysis of TTS cases following administration of the Janssen COVID-19 Vaccine that were reported to VAERS through March 18, 2022, the FDA and CDC have identified 60 confirmed cases, including nine fatal cases. The FDA has determined that the reporting rate of TTS is 3.23 per million doses of vaccine administered and the reporting rate of TTS deaths is 0.48 per million doses of vaccine administered.”

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“..if every vaccinated pilot were to be screened, there would be somewhere around a 30 percent loss in manpower..”

• McCullough: 30% of US Pilots May Have COVID Jab-Induced Heart Conditions (ET)

Are we on the precipice of a major uptick in serious heart problems among otherwise young, healthy Americans due to the mass-disseminated mRNA COVID shots? Observations from several medical experts, including a well-known cardiologist, suggest that we are. Some individuals who appear to be facing worrisome jab-related heart problems are commercial airline pilots. Advocacy groups also say these pilots are being forced to keep mum about their health issues—and that a far greater percentage of them are likely suffering than the U.S. Federal Aviation Administration (FAA) would like to admit. Joshua Yoder is an airline pilot and co-founder of the U.S. Freedom Flyers (USFF), an advocacy group formed to help transportation industry employees maintain their medical autonomy and oppose federal vax statutes.

As noted by the website American Greatness, Yoder recently disclosed in an interview with Vaccine Safety Research Foundation founder Steve Kirsch that the USFF has already received hundreds of reports of pilots experiencing chest pain and other adverse side effects of COVID shots while flying planes. Of course, people experiencing chest pain caused by jab-related pericarditis or myocarditis (heart inflammation) is concerning enough. But to know that men and women are experiencing these issues while flying commercial aircrafts is deeply worrisome, Yoder says. Plus, many of these airline pilots are reluctant to speak out about their health problems because they fear losing their jobs. “I’m afraid if we keep going down this path,” he said in his interview with Kirsch, “at some point, it’s going to end in catastrophe.”

“If passengers actually knew what was going on at the airlines and the FAA,” he adds, “they would be livid, and everyone would be jumping on a class action suit against all of them.” In his interview, Yoder also shared what well-known Texan cardiologist Dr. Peter McCullough said to him in a prior conversation: “if every vaccinated pilot were to be screened, there would be somewhere around a 30 percent loss in manpower” due to new jab-related cardiac issues.

Kolakusic
https://twitter.com/i/status/1522255323511369728

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Major US export.

• UN: Obesity Levels In Europe At ‘Epidemic Proportions’ (AP)

The World Health Organization says the rates of people who are obese and overweight in Europe have hit “epidemic proportions,” with nearly 60% of adults and a third of children in one of those categories. In a report issued Tuesday, the UN health agency’s European office said the prevalence of obesity among adults is higher across the continent than any other world region – except for the Americas. “Alarmingly, there have been consistent increases in the prevalence of overweight and obesity in the WHO European region and no member state is on track to reach the target of halting the rise in obesity by 2025,” the report said. Among the countries it counts in its Europe region, WHO said the highest rates of obesity were seen in Turkey, Malta, Israel and Britain.

WHO said being overweight or obese is among the leading causes of death in the region and is responsible for more than 1 million deaths every year. Scientists have long warned that being heavy significantly increases the risk of numerous diseases, including respiratory conditions, diabetes and at least 13 cancers. It is also the leading risk factor for disability. “During the Covid-19 pandemic, we experienced the true impact of the obesity epidemic,” WHO Europe director Dr Hans Kluge wrote in the report. He noted that the obese were “more likely to experience severe outcomes of the Covid-19 disease spectrum, including intensive care unit admissions and death.”

Kluge also said that Covid-19 interventions like school closures and lockdowns often raised the risk of gaining weight when people turned to unhealthy diets and were forced to be sedentary. WHO called for countries to adopt policies to improve “environmental factors” linked to obesity, including taxing sugary drinks, restricting the marketing of unhealthy foods to children and efforts to improve physical activity In the US, the Centers for Disease Control and Prevention says about 74% of Americans over age 20 are obese or overweight.

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There goes my faith in mankind…

• EU Officials Being Trained To Meditate To Help Fight Climate Crisis (G.)

Brussels officials are being trained to meditate to help them tackle the climate crisis as part of a new wave of “applied mindfulness” that seeks to take the Buddhism-inspired practice “off the cushion” and into hard politics. EU officials working on the 27-country bloc’s green deal climate policy are attending “inner green deal” courses intended to foster a deeper connection among decision-makers and negotiators tasked with tackling the crisis. The courses incorporate woodland walks near Brussels and meditation sessions, including one that invites participants to feel empathy for trees and animals to boost “environmental compassion”. Some managers have reportedly shown impatience at being asked to meditate and want to “get on with business”.


But early results from the first 80 participants suggest the course has strengthened officials’ motivation to tackle climate problems and overcome personal despair that little can be done. Mindfulness has boomed in the west in recent years through courses, meditation apps and books. But it has drawn criticism that it has become a “religion of the self”, with one critic warning of “McMindfulness”. However, it is recognised by the NHS as an effective treatment for recurrent depression when delivered as mindfulness-based cognitive therapy. Now advocates of “applied mindfulness” believe it could accelerate consensus-building between climate decision-makers. A recent report by the Intergovernmental Panel on Climate Change (IPCC) highlighted the need for “inner transitions” and the potential of meditation to encourage lower-carbon lifestyles.

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From the Attorney General for Virginia

 

Unparalleled disaster

 

 

 

 

 

 

 

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

 

 

 

Debt Rattle July 26 2020

Jul 262020
 
 July 26, 2020  Posted by at 9:35 am Finance Tagged with: , , , , , , , ,  9 Responses »


Dorothea Lange Youngest little girl of motherless family, Toppenish, Yakima Valley WA 1939

 

• The Key To Defeating COVID19 Already Exists. We Need To Start Using It (NW)
• Over 40% Of US Adults Are Susceptible To Severe COVID-19 (ZH)
• UK Quarantines Travellers From Spain In Sudden Blow To Europe’s Revival (R.)
• Australia Reports Jump In Daily New Cases, Record Deaths (R.)
• US Renters Brace For Evictions As Moratorium Ends (Pol.)
• Mass Evictions Set To Begin – Communities Of Color To Be Hardest Hit (F.)
• A Record 170 Tons Of Physical Gold Were Just Delivered On The COMEX (JN)
• 49% of Voters Believe Kremlin Interfered In Brexit Referendum (O.)
• How Our Spies Missed Russian Bid To Sway Brexit (G.)
• Dozens Gather In MAGA Hats In Hopes Washington Post Will Defame Them (BBee)

 

 

I’d like to pay more attention to the spreading protests/riots in the US, but I find it’s very hard to find anything neutral. Who are the bad guys and who the good guys entirely depends on your news source. And then you have opinion, not news. Lots of videos of violence perpetrated by both sides. I don’t like the use of the term stormtroopers, because that’s straight out of nazi Germany. Which is not where we are, though I know, some people would say it is.

 

 

It’s Sunday, so no new records. Just persistently high numbers. Flare-ups in Melbourne, Hong Kong, EU countries. South Africa is getting bad.

 

 

 

 

 

 

 

 

 

 

 

 

Yes, HCQ. From a professor of epidemiology at Yale. Sometimes it feels like HCQ has its own private cancel culture.

• The Key To Defeating COVID19 Already Exists. We Need To Start Using It (NW)

As professor of epidemiology at Yale School of Public Health, I have authored over 300 peer-reviewed publications and currently hold senior positions on the editorial boards of several leading journals. I am usually accustomed to advocating for positions within the mainstream of medicine, so have been flummoxed to find that, in the midst of a crisis, I am fighting for a treatment that the data fully support but which, for reasons having nothing to do with a correct understanding of the science, has been pushed to the sidelines. As a result, tens of thousands of patients with COVID-19 are dying unnecessarily. Fortunately, the situation can be reversed easily and quickly.

I am referring, of course, to the medication hydroxychloroquine. When this inexpensive oral medication is given very early in the course of illness, before the virus has had time to multiply beyond control, it has shown to be highly effective, especially when given in combination with the antibiotics azithromycin or doxycycline and the nutritional supplement zinc. On May 27, I published an article in the American Journal of Epidemiology (AJE) entitled, “Early Outpatient Treatment of Symptomatic, High-Risk COVID-19 Patients that Should be Ramped-Up Immediately as Key to the Pandemic Crisis.” That article, published in the world’s leading epidemiology journal, analyzed five studies, demonstrating clear-cut and significant benefits to treated patients, plus other very large studies that showed the medication safety.

Physicians who have been using these medications in the face of widespread skepticism have been truly heroic. They have done what the science shows is best for their patients, often at great personal risk. I myself know of two doctors who have saved the lives of hundreds of patients with these medications, but are now fighting state medical boards to save their licenses and reputations. The cases against them are completely without scientific merit. Since publication of my May 27 article, seven more studies have demonstrated similar benefit. In a lengthy follow-up letter, also published by AJE, I discuss these seven studies and renew my call for the immediate early use of hydroxychloroquine in high-risk patients.

These seven studies include: an additional 400 high-risk patients treated by Dr. Vladimir Zelenko, with zero deaths; four studies totaling almost 500 high-risk patients treated in nursing homes and clinics across the U.S., with no deaths; a controlled trial of more than 700 high-risk patients in Brazil, with significantly reduced risk of hospitalization and two deaths among 334 patients treated with hydroxychloroquine; and another study of 398 matched patients in France, also with significantly reduced hospitalization risk. Since my letter was published, even more doctors have reported to me their completely successful use.

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How about you close McDonald’s permanently?

• Over 40% Of US Adults Are Susceptible To Severe COVID-19 (ZH)

Several studies have found that the risk of contracting severe Covid-19 that can result in hospitalization, ICU admission, mechanical ventilation or death increases with age as well as the presence of underlying health conditions. In the United States, the Centers for Disease Control and Prevention (CDC) recently released a study showing that a considerable share of the American population has some form of underlying health issue, which, as Statista’s Niall McCarthy details below, places them at risk from severe forms of the virus. The study’s findings are based on the 2018 Behavioural Risk Factor Surveillance System (BRFSS) and U.S. Census population data and it determined that 40.7 percent of U.S. adults (aged 18 and over) have a pre-existing health condition.

The most prevalent condition in the study is obesity, affecting just over 30 percent of Americans and it followed by diabetes which has a national prevalence of 11.2 percent. Chronic obstructive pulmonary disease (COPD) and cardiovascular disease have a prevalence of just under 7 percent while chronic kidney disease is at approximately 3 percent. The CDC stated that “while the estimated number of persons with any underlying medical condition was higher in population-dense metropolitan areas, overall prevalence was higher in rural nonmetropolitan areas.” It also added that “the counties with the highest prevalences of any condition were concentrated in Southeastern states, particularly in Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Tennessee, and West Virginia, as well as some counties in Oklahoma, South Dakota, Texas, and northern Michigan, among others”.

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Several EU countries have new flare-ups. Second Wave? I don’t think so. Just the effect of loosening restrictions, and people thinking it’s all over.

• UK Quarantines Travellers From Spain In Sudden Blow To Europe’s Revival (R.)

Britain abruptly imposed a two-week quarantine on all travellers arriving from Spain after a surge of coronavirus cases, a dramatic and sudden reversal on Saturday to the opening of the European continent to tourism after months of lockdown. The quarantine requirement was due to take effect from midnight (2300 GMT on Saturday), making it impossible for travellers to avoid it by rushing home. The British foreign ministry also announced it was recommending against all but essential travel to mainland Spain, a move likely to prompt tour operators to cancel package holidays and trigger claims against insurers.

Spain’s Canary and Balearic Islands were not covered by the advice to avoid travel to the mainland, but holidaymakers returning to Britain from the islands will still be subject to quarantine on return. Britain’s government urged employers to be “understanding” towards staff who are unable to return to their place of work for two weeks after they return from holiday. The sudden British move followed steps this week by other European countries. On Friday Norway said it would re-impose a 10-day quarantine requirement for people arriving from Spain from Saturday, while France advised people not to travel to Spain’s northeastern region of Catalonia.

But the total collapse of tourism from Britain would have far more impact. Britain accounted for more than 20% of the foreign visitors to Spain last year, the largest group by nationality. Tourism normally accounts for some 12% of Spain’s economy. Spain had been on a list of countries that the British government had said were safe for travellers to visit – meaning tourists returning home would not have to go into quarantine. The announcement of such lists just weeks ago had allowed Europe’s tourism sector to begin its revival after the near total shut-down prompted by the COVID-19 pandemic.

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Almost all Melbourne.

• Australia Reports Jump In Daily New Cases, Record Deaths (R.)

Australia’s second-most populous state, Victoria, recorded 459 cases of the new coronavirus, the second-highest daily total and up from 357 cases the previous day, the state’s leader said on Sunday. Premier Daniel Andrews also told a press briefing that Victoria had reported 10 COVID-19 deaths in past 24 hours, Australia’s highest ever daily number. The state’s second wave is being driven by workplace infections, including at aged-care and healthcare facilities, big distribution centres, slaughterhouses, cold-storage facilities and warehouses, Andrews said. “What that tells you is that some people… are feeling sick, they have symptoms and they are still going to work,” he said.


“If that continues, then we will just continue to see more and more cases.” The cases were found on the day with the highest number of coronavirus tests, at more than 45,000. Australia has avoided the worst of coronavirus crisis seen in other countries, but authorities are struggling to contain an outbreak in Victoria. It has recorded more than 14,400 cases so far. Victorians are subject to a six week lockdown, border closures with other states and mandatory face mask wearing.

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I’d like to know how many “homeowners” face eviction.

• US Renters Brace For Evictions As Moratorium Ends (Pol.)

Columbus, Ohio, has turned part of its convention center into an evictions court. Denver is creating a handful of designated campsites for homeless people. And Milwaukee saw a 17 percent increase in eviction filings last month after a state ban lapsed. Cities across the country are bracing for a surge of evictions as a four-month federal moratorium that has protected millions of tenants from losing their homes in the middle of the pandemic expires Friday at midnight, with no relief in sight from Congress. The ban is ending just as a federal enhancement to unemployment benefits — a $600-a-week boost that has helped many laid off tenants pay at least some of their rent — also lapses this weekend.

Estimates of the number of people who stand to lose their homes are rough, given the patchwork of state and local bans on evictions, many of which are also expiring. But they range in the millions, and a disproportionate share of them are people of color. “The wave of evictions has already begun, and now Congress needs to act to prevent it from becoming a tsunami,” said Diane Yentel, president and CEO of the National Low Income Housing Coalition. “If the federal ban is not extended, if the state and local eviction moratoriums that are scheduled to expire in the coming weeks do, and if no emergency rental assistance is provided, then from the end of August through fall, millions of Americans will be evicted from their homes,” Yentel said.

While states have imposed their own eviction moratoriums, 24 of them have already allowed the temporary bans to lapse. That leaves somewhere between 19 million and 23 million people — about one in five renters in the U.S. — at risk of eviction by the end of September if Congress fails to extend both the federal ban and supplemental unemployment benefits, according to an estimate by the Aspen Institute. The situation was dire even before both protections lapsed: Roughly 9.4 million renters have no confidence they will be able to make next month’s rent payment, according to the latest weekly survey by the Census Bureau, conducted the second week of July. Another 14.3 million have only “slight” confidence they will be able to make rent next month.

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Well, duh!

• Mass Evictions Set To Begin – Communities Of Color To Be Hardest Hit (F.)

On March 27, the CARES Act was signed into law and included a moratorium through July 24 on evictions for those living in homes funded by federally backed mortgages or who rely on housing vouchers. This protection covers roughly a third of renters and expires today, putting millions of families at risk of losing their homes in the middle of an unprecedented health and unemployment crisis. Once the moratorium ends, landlords must still give renters 30 days’ notice before filing a complaint in court. Some states and cities have their own bans on evictions so renters should check with their local government if they receive notice. Over 17 million Americans are still unemployed and unable to find work, and the number of confirmed COVID-19 cases only continues to rise.


Removing families from their homes amid the surge in cases will result in even more lives being lost. According to a report by The Center for Public Integrity, communities of color are most at risk of losing their homes. This same group is also the most vulnerable to the disease because of structural conditions. One example is that Black and other people of color are more likely to be considered essential workers or work in jobs that can’t be done remotely. The disparities in the quality and access to healthcare for Black individuals has been widely documented as well. These factors mean that the expiration of the moratorium on evictions will disproportionately affect Black and brown communities, and widen the racial wealth gap.

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Interesting story. If the spread between New York and London gold is too large, it pays to fly huge gold shipments around the world.

• A Record 170 Tons Of Physical Gold Were Just Delivered On The COMEX (JN)

Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage. Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June more than 170 tonnes were physically delivered (5.5 million ounces). Usually, delivery is “neglectable.” What has changed? An important change in the global gold market occurred on March 23, 2020. On that day the price of gold futures in New York started drifting higher than the price for spot gold in London. Ever since, the spread has persisted, though it continuously widens and narrows.

[..] The world’s most dominant gold spot market is the London Bullion Market, where mostly “loco London” gold is traded. Meaning the metal is physically settled within the environs of the M25 London Orbital Motorway. The most dominant gold futures market is located in New York, where metal can be physically delivered within a 150-mile radius of the City of New York. Before March 23, the price in London (spot) and the price in New York (near month futures contract) always traded in tight lockstep because of arbitrage. If, for example, the futures price would trade above spot, arbitragers would “buy spot and sell futures” until the spread was closed. Arbitragers would hold their positions—long spot, short futures—until maturity of the futures contract, because at expiry the price of the futures contract was guaranteed to converge with the spot price.

In this example we can see that strong demand in New York would be translated into spot buying in London. Worth noting is that when a futures trader rolled its position into the next month, and his initial futures buying was translated into spot buying in London by an arbitrager, on a systemic level the arbitrager would roll its position as well. Of course, the opposite happened as well. When futures traded below spot, arbitragers would “buy futures and sell spot” until the spread was closed. So far, a simplified version of the market before March 23. Since March 23 of this year, futures have persistently been trading above spot, though the spread isn’t constant. As a result, arbitragers aren’t assured the futures price in New York will converge with the spot price in London. An arbitrage trade as described above, through a position in both markets, incurs risk.

What arbitragers currently do to profit from the spread is buy spot, sell futures, fly the metal to New York, and physically deliver the gold. This is how the profit is locked in. If the spread between spot and futures is $40 per ounce, the arbitrager’s profit is $40 minus costs for transport, insurance, storage, etc. Now you can see why the persistent spread between New York and London has increased physical delivery on the COMEX through arbitrage. Conclusion: Physical delivery on the COMEX is elevated because of the current unusual situation in the global gold market. The gold delivered in New York has been imported from spot markets such as Singapore, Switzerland and Australia. U.S. imports directly from the U.K. are rare, because in London 400-ounce bars are traded and the main futures contract in New York requires smaller bars for delivery.

Read more …

Just the Guardian confirming its propaganda works in Britain.

• 49% of Voters Believe Kremlin Interfered In Brexit Referendum (O.)

Almost half the British public believes the Russian government interfered in the EU referendum and last year’s general election, according to a poll. The latest Opinium poll for the Observer found that 49% of voters think there was Russian interference in the Brexit referendum, with 23% disagreeing. Some 47% believed Russia interfered in the December general election. The poll findings come after the long-awaited publication of the report into Russian interference by parliament’s Intelligence and Security Committee last week. It found that the government had not attempted to investigate potential Russian interference in the referendum. It said the UK had “badly underestimated” the Russian threat.

Opinium asked people whether they thought there was any involvement from Russia in the last three general elections, the EU referendum and the Scottish referendum. For each, the public were more likely to think that the Russian government had interfered than that it had not. Two-fifths (40%) thought Russia had interfered in the 2014 Scottish independence referendum. Remainers were more likely (63%) to think that the Russian government interfered in the EU referendum than Leavers (39%). Asked about the 2019 general election, 70% of Lib Dem voters and 62% of Labour voters believed the Russian government interfered, compared with 39% of Conservative voters. However, even Conservative voters were more likely to believe that the Russian government interfered in that election (39%) than not (33%).

Read more …

And for those still not with the program, Luke Harding explains that the only possible reason no Russian interference was found is that they weren’t looking. Just like Robert Mueller.

• How Our Spies Missed Russian Bid To Sway Brexit (G.)

[..] the Russia report – published last week after a 10-month delay – paints a damning picture of British spooks who were too timorous or too incompetent to do much about a growing Russian threat, or the Kremlin’s surreptitious attempt to sway the Brexit vote. Over the last four years British and Russian policy have been remarkably aligned. For Theresa May as prime minister and her successor Boris Johnson, Brexit has been about delivering the “will of the people”. From Moscow, Brexit is seen as a wild success, diminishing the UK and estranging London from its European partners. And perhaps hastening Scottish secession too. The MPs who sit on parliament’s intelligence and security committee (ISC) were incredulous at the lack of cooperation from the UK’s security agencies.


Asked about Moscow and Brexit, MI5 produced “six lines of text”, the report said. GCHQ didn’t drill down into the St Petersburg troll factory, which pumped out millions of pro-Leave messages. And MI6 failed to ask its secret agents what exactly the Kremlin was up to. Agency sources suggest such criticism is unfair. Yes, they say, MI5 has a permanent counter-intelligence mission. Its job is to keep Britain safe. Yet it also has a statutory duty to protect UK democracy. Whitehall sources last night insisted the security services fulfilled such responsibilities without political interference. Others say the security services depend on “tasking” from inside Whitehall – the Cabinet Office, the joint intelligence committee, and No 10. They have less operational freedom than the FBI in the US and they are culturally and historically reluctant to wade into politics. Plus the instructions never came.

Read more …

Babylon Bee.

• Dozens Gather In MAGA Hats In Hopes Washington Post Will Defame Them (BBee)

After Nick Sandmann settled yet another nine-figure lawsuit today, dozens of people went out in MAGA hats, gathering outside The Washington Post’s offices in hopes that they too would be defamed by the newspaper. The clever entrepreneurs stood outside the paper’s headquarters wearing the pro-Trump headgear. They just stood there, not chanting or protesting or breaking anything, a protest tactic that immediately confused the liberals working at the Post. “It’s very strange — they’re not burning anything. They must not be peaceful protesters. Nonetheless, we will not be fooled by this tactic,” said a WaPo editor. “We will be able to resist the urge to commit libel against these deplora–I mean, these ordinary Americans.” At publishing time, The Washington Post had written defamatory articles about all of them. They are all preparing to retire comfortably.

Read more …

 

 

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Conservatism

Mar 132019
 
 March 13, 2019  Posted by at 4:47 pm Primers Tagged with: , , , , , , , , , , , ,  10 Responses »


René Magritte Personal values 1952

 

Commenting on my own essays has never been my favorite activity, because before you know it you land into Russian doll territory. But a few recent comments from readers have me rethinking that, for once.

Of course I understand that my expressed views over the past two years and change on the era of Donald Trump and his presidency do not please everyone out there, whether they’re long time Automatic Earth readers or new to the site. It’s just that a surprising -to me- number of people let their thoughts and opinions be shaped by media that primarily follow the color of politics and money, not objective facts.

Or perhaps it shouldn‘t be all that surprising, given the amount of attention the mainstream media still manages to gather. Then again, if the MSM would have been right on more issues, there would never have been a place for the Automatic Earth and many other ‘alternative’ media sources. So yeah, I’m a bit of two minds on that.

What I am sure about is that I don’t think the advent of Donald Trump has been the main event since 2016, I have very few illusions about US politics. For me the big story has been how the media has shifted from reporting the news to manufacturing it. I’m seeing the Russiagate narrative falling apart in real time right now and I think: I saw that coming, because none of all those collusion stories were based on facts to begin with.

And I’ve said exactly that for two years now as well. It started off with supporting their favorite candidate, who was a shoe-in anyway, then it turned into being angry when she lost, and it ended up with figuring out that denouncing Trump ten times a day was a goldmine that could save entire papers and TV channels, because Americans are addicted to scandals, even if they’re invented and/or inconsequential.

 

In my view, media making up stories and narratives from scratch is a much bigger threat to America than Donald Trump. Obviously, people believing the made-up tales is just as bad. You don’t have to be pro-Trump, let alone even like the man, to be very wary of reporters and papers and news channels and everyone and their pet hamster with a social media account, publishing a dozen anti-Trump stories every single day, most of them entirely made up and most of the rest just plain dumping on him.

And you certainly don’t need to be pro-Trump to point out that this is happening, or to agitate against it. But that’s how it’s presented, and that’s how many people, including no doubt many readers of the Automatic Earth, see it. In this day and age, if you wander too far from what the MSM tell you the truth is, you get punished even by somewhat smarter people.

If you don’t support the anti-Trump narrative, and elect to stay out of that echo chamber, you become a Trump supporter. And we all know what happens when you actively resist the narrative.

The reason why one so easily gets labeled a Trump supporter only for pointing out that stories contain no facts, provokes interesting questions, but none of them will have me shy away from saying what I think of it. I mean, just take a look at the Reuters/Ipsos poll that came out last week, which shows that Americans have made up their minds about Trump-Russia way ahead of the Mueller report being published.

Only a small number of Americans have not yet made up their minds about whether Donald Trump’s 2016 election campaign coordinated with Russian officials, according to new Reuters/Ipsos polling, which also showed deep divisions in the United States in the run-up to the 2020 presidential election. Eight out of 10 Americans decided almost immediately about Trump campaign ties to Moscow and only about two in 10 appear to be undecided; about 8 in 10 Democrats said they thought the Trump campaign colluded with Russia, while 7 in 10 Republicans said they did not.

Now how is that possible, the majority ‘knowing’ what to believe without knowing the facts? Easy, the media made up their minds for them, and they did it without knowing the facts either. A much bigger story than Trump. And you would think old-fashioned journalism could have gotten a lot of real dirt on the Donald, but the entire MSM chose to go for unproven smear instead..

The Old Gray Lady and her consorts have made it entirely acceptable to disrespect the Office of the President of the United States. They’ve made doing so an honorable thing to do. All on the basis of rumors about Vladimir Putin pulling Trump’s strings. How this can fail to have terribly dramatic consequences for the US I do not see. Once the respect for the office is gone, how do you get it back? By putting a different questionable person in it?

 

But now I’m doing what I swore not to do: repeat myself. Inevitable when commenting on your own essays perhaps, but still. So let’s move on to the comments. Both came in by private emaiI, and I haven’t asked for permission to use real names, so they’ll be anonymous.

The first one was from a highly respected -and not just by me- retired US professor and writer I’ve had contact with for a decade or so, and came after I published The House Hit A New Low, commenting on Michael Cohen’s testimony before the House on February 27. Which I thought was about nothing at all, “A phishing expedition with a willing whale in the center who sort of volunteered to be harpooned..”, other than Democrat showboating.

But my friend the professor wrote:

Just so you know……… I thought Cohen courageous, believable and completely on target. I think people see what they are predetermined to see…. You and I see different things. As Congressional Republicans and apparently you do not see the problem is Trump, and as he said those who are blinded by him. Not Cohen. We should all speak out. The “conservatism” of your columns sometimes annoys me, but your insights are often good. I try to get different perspectives.

As I said above, and often before, I agree that “people see what they are predetermined to see”. It’s just that I think that originates at the NYT, WaPo, CNN, and my friend does not. But what struck me in his comment is him calling my writing “conservatism”. Nobody ever called me that, I don’t see myself that way, and I doubt that anyone did before I started talking about the way Trump has been treated.

And again, you don’t have to like Trump to dislike the made-up narratives that dictate what ‘news‘ in America has turned into. And that’s not conservative. Not that I think that conservatism is a wrong thing per se, but I don’t see many ‘conservatives’ these days conserving anything at all, other than their privileges.

See, I would think MAGA means protecting bald eagles, mountain lions, humpbacks and even mom-and-pop stores, but what counts as conservative today is the opposite of that. It basically revolves around making a few people rich at the expense of everyone else and the natural world they all depend on for their survival.

Other than that, as I said, I have few illusions about US politics, on either side of the aisle. Which is why I welcomed Trump three years ago, and I welcome Ocasio, Tulsi Gabbard and Ilhan Omar today: something better change, because if things don’t change fast, we’re bound to see the 21st century American version of pitchforks; yes, that would be rifles and handguns.

I hope perhaps that clears things a up, even if just a little, for my friend. But still, I didn’t think Cohen looked “courageous, believable and completely on target”. I thought he looked like a worn out tool of Nadler and Schiff’s committee, telling obvious lies about not having asked Trump for a White House job or a pardon. But let’s agree not to agree.

Then I mentioned the professor’s mail in the Automatic Earth comments section the next day, saying:

Someone mailed me yesterday talking about the conservatism of my columns. Never saw that before. And I don’t agree. Raging against the empty narratives of the anti-Trump machine does not make me a Trump supporter. (People should read more carefully. The world is not divided into two camps.)

… and a second mail came from someone who’s, let’s say, one of my more critical readers (he seems to think I’m full of it, and uses that as a reason to keep reading me):

You’re right: to the extent that you agree with anything Trump says or does to reduce US aggression in different parts of the world, the anti-Trumpers should be shouted down.

You’re wrong: your refusal to even mention racism, sexism, anti-democratic voter suppression, gerrymandering, campaign finance laws, electoral college, gun control, health care, tax cuts and the wholesale attack on the environment by Trump and Republicans (Trump is representative not an outlier among Republicans) is what makes you conservative.

Your silences speak louder than anything you say or print. Your alleged concern for the environment is comical compared to your total silence on American (Trump) policies on the environment. Keep up your selective silences. Its what you do best.

That’s a nice list, but it doesn’t appear to be all around fair. Criticizing Trump over all these things is at best a double-edged sword. But first of all, I don’t refuse to mention them, but I’m not here to provide a fully balanced picture. I’m here to balance out the one-sided positions the Old Gray Lady vents on a daily basis and 27 times on Sunday.

As for racism and sexism, I see those as America-wide issues, not Trump issues. Anti-democratic voter suppression: go ask Bernie Sanders and Debbie Wasserman-Schultz. Gerrymandering ditto. And campaign finance laws. How one can hold such things against Trump and not others in US politics is beyond me. But let’s talk.

The electoral college problem, if it indeed is one, has absolutely nothing to do with Trump. America as a society would need to come together to move to the popular vote. But what are the odds of any such unity happening given the anti-Trump campaigns?

Gun control: I can’t recall Obama doing anything much about that, so how can one hold it against Trump? Guns seem to be too big a problem for the US to deal with, and I see it leading to the American version of France’s pitchforks: the one tool the unwashed masses have left to defend themselves and get their grievances across. A good thing? No. But Trump’s fault? No.

When it comes to health care, things are a bit more confusing and clearer at the same time. The conservatives who conserve dick all, stand quasi-united against universal health care, while the Democrats, who long held a similar position, are starting to shift.

Health care is a much more worthy topic than the ones before mentioned in that comment, but that particular discussion, like so many others, has been stifled by the neverending accusations of Russia collusion that the MSM have placed -the vast majority of- their bets on.

Trump has been president for two years, and not one day has gone by in which he was not accused of sitting on Putin’s lap in some way or another, so how are you going to get him to open up to your different point of view? He’s had to retreat into his trenches just to survive and go about the business of being a president. He was never given a chance to open up and change his mind. Is he to blame for that?

What else was there? Tax cuts. Yeah, well, conservatives and their privileges. And a short-term way to make the economy look better. Long-term economic benefits? Maybe not so much. But don’t let’s go there, because Pandora would open and reveal, again, very little that’s Trump-specific. It’s simply Washington.

Last thing is the environment, and because I post many articles on that topic in my daily news aggregators, it’s obvious that my views are not the Donald’s. But that, again, is conservatives refusing to conserve. It’s not just Trump, and it’s not just Republicans either. From what I see, America has destroyed far too much of its natural world already, and I haven’t seen a single voice in Washington with a convincing story to stop it, not AOC and the Green New Deal either.

 

To summarize: the Automatic Earth has sought, and continues to seek, to provide a balance vs one-sided ‘news’, because it is a much bigger problem than any single presidency. Reporting in the age of Trump has not just been one-sided, most of it has been outright falsehood. Why does it happen? Because it sells. You are prone to believe fictional accounts, you have a tendency to become addicted to scandal, and so you are targeted.

Now, the reason the Automatic Earth exists is that it tells people things they don’t want to hear. That goes for the odd professor, no matter how much we appreciate him or her, for all those who dislike an individual like Donald Trump so much they let others form their opinions for them with trumped-up narratives, it goes for Trump himself, and for everyone else we think fail to think for themselves any longer.

If your opinions are shaped by people who seek to make a profit off of doing that for you, you are merely one among millions who fall into the same trap. It’s ironic and funny too that the Old Gray Lady et al could never have started out on their new business model without the internet and the social media it spawned, while the very same business model makes entities such as the Automatic Earth necessary.

It gets more ironic still: the MSM developed the model because the old one, just plain reporting, wasn’t paying them enough to survive. Orwell was never that easy to understand. After all, he was talking about things that existed only in his mind’s eye when he was alive, and came alive themselves long after he was gone. But look at us today.

One last thing: I can’t perhaps speak for the entire Automatic Earth, because Nicole Foss, though she may have been silent for a while, appears to detest Donald Trump. That gives her and I something to talk about.

 

 

Debt Rattle February 12 2019

Feb 122019
 
 February 12, 2019  Posted by at 11:20 am Finance Tagged with: , , , , , , , , , , , ,  5 Responses »


Vincent van Gogh On the outskirts of Paris 1887

 

• Global Insect Decline May See ‘Plague Of Pests’ (BBC)
• Complex, Dynamic Environmental Destabilisation (BBC)
• Politicians Are Complicit In The Killing Of Our Insects (G.)
• Should We Really Not Worry About The Fed’s Balance Sheet? (Roberts)
• Party Leaders Reach Deal To Avoid Fresh US Government Shutdown (AP)
• Warren’s Foreign Policy Shows She’s Missing Why Trump Was Elected (G.)
• Mistaken Futures (Kunstler)
• May To Ask MPs For Further Fortnight’s Grace In Brexit Talks (G.)
• Europeans Must Get Rid Of The Failing EU One Way Or Another (MW)
• “Insane” Deutsche Bank Drowning Under Soaring Funding Costs (ZH)
• Nearly A Fifth Of The EU’s Budget Goes On Livestock Farming (G.)
• China Has No Use For Democracy. It Needs A Strong Leader Like Xi (SCMP)
• History’s 10 Most Culturally Significant Dick Pic Scandals (Taibbi)

 

 

Roaches in a nuclear winter.

• Global Insect Decline May See ‘Plague Of Pests’ (BBC)

A scientific review of insect numbers suggests that 40% of species are undergoing “dramatic rates of decline” around the world. The study says that bees, ants and beetles are disappearing eight times faster than mammals, birds or reptiles. But researchers say that some species, such as houseflies and cockroaches, are likely to boom. The general insect decline is being caused by intensive agriculture, pesticides and climate change. Insects make up the majority of creatures that live on land, and provide key benefits to many other species, including humans. They provide food for birds, bats and small mammals; they pollinate around 75% of the crops in the world; they replenish soils and keep pest numbers in check.

Many other studies in recent years have shown that individual species of insects, such as bees, have suffered huge declines, particularly in developed economies. But this new paper takes a broader look. Published in the journal Biological Conservation, it reviews 73 existing studies from around the world published over the past 13 years. The researchers found that declines in almost all regions may lead to the extinction of 40% of insects over the next few decades. One-third of insect species are classed as Endangered. “The main factor is the loss of habitat, due to agricultural practices, urbanisation and deforestation,” lead author Dr Francisco Sánchez-Bayo, from the University of Sydney, told BBC News.

“Second is the increasing use of fertilisers and pesticides in agriculture worldwide and contamination with chemical pollutants of all kinds. Thirdly, we have biological factors, such as invasive species and pathogens; and fourthly, we have climate change, particularly in tropical areas where it is known to have a big impact.” [..] “Fast-breeding pest insects will probably thrive because of the warmer conditions, because many of their natural enemies, which breed more slowly, will disappear,” said Prof Dave Goulson from the University of Sussex who was not involved in the review. “It’s quite plausible that we might end up with plagues of small numbers of pest insects, but we will lose all the wonderful ones that we want, like bees and hoverflies and butterflies and dung beetles that do a great job of disposing of animal waste.” Prof Goulson said that some tough, adaptable, generalist species – like houseflies and cockroaches – seem to be able to live comfortably in a human-made environment and have evolved resistance to pesticides.

Read more …

Nobody listened so far; why would they now?

• Complex, Dynamic Environmental Destabilisation (BBC)

• Topsoil is being lost 10 to 40 times faster than it is being replenished by natural processes • Since the mid-20th Century, 30% of the world’s arable land has become unproductive due to erosion • 95% of the Earth’s land areas could become degraded by 2050 • Since 2005, the number of floods has increased by a factor of 15, extreme temperature events by a factor of 20, and wildfires sevenfold • Vertebrate populations have fallen by an average of 60% since the 1970s, and insect numbers – vital for pollination – have declined even faster in some countries.

Scientists warn of a potentially deadly combination of factors. These include climate change, mass loss of species, topsoil erosion, forest felling and acidifying oceans. The report from the centre-left Institute for Public Policy Research says these factors are “driving a complex, dynamic process of environmental destabilisation that has reached critical levels. “This destabilisation is occurring at speeds unprecedented in human history and, in some cases, over billions of years.” The UK is described as one of the most nature-depleted countries in the world. Some 2.2 million tonnes of UK topsoil is eroded annually, and over 17% of arable land shows signs of erosion. Nearly 85% of fertile peat topsoil in East Anglia has been lost since 1850, with the remainder at risk of being lost over next 30–60 years. The IIPR says many scientists believe we have entered a new era of rapid environmental change.

The report warns: “We define this as the ‘age of environmental breakdown’ to better highlight the severity of the scale, pace and implications of environmental destabilisation resulting from aggregate human activity.” Simon Lewis, Professor of Global Change Science at University College London, told BBC News: “IPPR are right to say that environmental change is happening ever-faster and threatens to destabilise society. “Future problems with food supplies could cause price spikes that drive civil unrest, while increases in levels of migration can strain societies. “Both together could overload political institutions and global networks of trade. “This century will be marked by rapid social and environmental change – that is certain. What is less clear is if societies can make wise political choices to avoid disaster in the future.”

Read more …

Written of course by a politician. Who thinks politicians can turn this around. Because they can do anything.

• Politicians Are Complicit In The Killing Of Our Insects (G.)

Most of us spend more time swatting away or avoiding wasps and moths than we do contemplating their importance to the web of life. But it is no exaggeration to say that the horrifying decline in the number of these creatures – the most widespread on Earth – is a barometer for the whole planet. The new global scientific review into the perilous condition of our insects reports that more than 40% of insect species are threatened with extinction while the mass of insects is declining by 2.5% a year. This catastrophic decline is a direct cause of the existential threat to other animals, insects being at the bottom of the chain and the primary food source. Since 1970, 60% of mammals, birds, fish and reptiles have been wiped out.

The review identifies a key driver towards this mass extinction: habitat loss and conversion to intensive agriculture with its associated use of pesticides. Given this is a manmade disaster, surely we are capable of tackling and reversing it? As a member of the European parliament’s agriculture committee, I regularly debate the use of pesticides in farming with my colleagues. I have lost count of the number of times I have begun meetings with what feels like a sermon on the Armageddon taking place in our countryside. I am always greeted with patient, patronising smiles from many of my fellow MEPs, before they go on to ignore the warnings and refuse to limit the use of pesticides in our fields.

Some of the members of this committee are themselves farmers who have grown increasingly dependent on powerful and toxic pesticides. But others have taken the agribusiness shilling and believe that their role in policymaking is simply to support the corporations that sell these poisons. And this is the nub of the issue. What might accurately be dubbed insectageddon is being driven by the agrichemicals industry. This situation is compounded by compliant politicians and policymakers who fall prey to lobbying pressure and then refuse to implement science-driven policy to protect wildlife.

Read more …

What we should do is end the Fed. And replace it with markets.

• Should We Really Not Worry About The Fed’s Balance Sheet? (Roberts)

Bill Dudley, who is now a senior research scholar at Princeton University’s Center for Economic Policy Studies and previously served as president of the New York Fed and was vice-chairman of the Federal Open Market Committee, recently penned an interesting piece from Bloomberg stating: “Financial types have long had a preoccupation: What will the Federal Reserve do with all the fixed income securities it purchased to help the U.S. economy recover from the last recession? The Fed’s efforts to shrink its holdings have been blamed for various ills, including December’s stock-market swoon. And any new nuance of policy — such as last week’s statement on “balance sheet normalization” — is seen as a really big deal. I’m amazed and baffled by this. It gets much more attention than it deserves.”

[..] In his opening paragraph, Bill attempts to dismiss the linkage between the balance sheet and the financial markets. “Yes, it’s true that stock prices declined at a time when the Fed was allowing its holdings of Treasury and mortgage-backed securities to run off at a rate of up to $50 billion a month. But the balance sheet contraction had been underway for more than a year, without any modifications or mid-course corrections. Thus, this should have been fully discounted.” While this is a true statement, what Bill forgot to mention was that Global Central banks had stepped in to flood the system with liquidity. As you can see in the chart below, while the Fed had stopped expanding their balance sheet, everyone else went into over-drive.

The chart below shows the ECB’s balance sheet and trajectory. Yes, they are slowing “QE” but it is still growing currently.

Read more …

Far from over.

• Party Leaders Reach Deal To Avoid Fresh US Government Shutdown (AP)

Democratic and Republican leaders announced late Monday that they had reached a deal to avoid a government shutdown when funding under a stopgap agreement expires at midnight on Friday. The proposal would require the signature of Donald Trump to avert a new shutdown. The agreement would allocate far less money for Trump’s border wall than the White House’s $5.7bn wish list, settling for a figure of nearly $1.4bn, according to congressional aides. The funding measure is through the fiscal year, which ends 30 September. The agreement means 55 miles of new fencing — constructed through existing designs such as metal slats instead of a concrete wall — but far less than the 215 miles the White House demanded in December. The fencing would be built in the Rio Grande Valley in Texas.

At a rally in El Paso, Texas, on Monday Trump said he had been informed about the committee’s progress. “Just so you know, we’re building the wall anyway”, he added. Negotiators have been trying to reach a deal to fund nine government departments that partially closed for 35 days in December and January. Trump and congressional Democrats agreed on 25 January to temporarily fund the departments and negotiate a funding solution by 8 February. Talks most recently broke down on Sunday, reportedly over a disagreement about the maximum number of undocumented immigrants who might be detained at any one time.

Read more …

Warren is irrelevant.

• Warren’s Foreign Policy Shows She’s Missing Why Trump Was Elected (G.)

The United States, Warren says, has embarked on “a series of seemingly endless wars, engaging in conflicts with mistaken or uncertain objectives and no obvious path to completion”. It’s fine rhetoric but the obvious path to completion is merely to end the wars. And yet the Bush White House couldn’t or didn’t want to. And Obama vacillated and expanded to the point where bombing and killing was being pursued in almost a dozen countries when he left office. And as for Trump? He’s done little and he’s been publicly admonished by his own secretary of defense when he decided he wanted to end just one of those conflicts.

But “the United States”? Really? Other than Afghanistan after 9/11 – and that’s all – “the United States” didn’t embark on these wars. The national security community did. The government. Overtly, covertly, with high hopes or unwarranted self-confidence, they got their way. Who is the real culprit then? It isn’t Warren’s “elites”, the corporation, or Trump. It is Washington and its ability, indeed even its self-appointed duty, to stand in the way of anything that it sees as not in its interest.

She may not think it, but Warren is merely genuflecting before this deep state, declaring her allegiance to a “muscular military” and calling for “strong yet pragmatic security policies”. She of course offers a laundry list of things that must be preserved or strengthened that’s non-military – from technological superiority to diplomacy to strong alliances. And she decries the military and civilian policymakers who “seem [in]capable of defining success”. But in her innocence as to why we are stuck in seemingly endless wars she also seems oblivious to the fact that she is already capitulating to the very forces that ensure that we can’t change anything.

Read more …

Will the Green New Deal Make America Great Again?

• Mistaken Futures (Kunstler)

The self-proclaimed socialists are actually seeing the world through a rear-view mirror. What they are really talking about is divvying up the previously-accumulated wealth, soon to be bygone. Entropy is having its wicked way with that wealth, first by transmogrifying it into ever more abstract forms, and then by dissipating it as waste all over the planet. In short, the next time socialism is enlisted as a tool for redistributing wealth, we will make the unhappy discovery that most of that wealth is gone. The process will be uncomfortably sharp and disorientating. The West especially will not know what hit it as it emergently self-reorganizes back into something that resembles the old-time feudalism.

We have a new kind of mass squalor in America: a great many people who have nothing to do, no means of support, and the flimsiest notions of purpose in life. The socialists have no answers for them. They will not be “retrained” in some imagined federal crusade to turn meth freaks into code-writers for Google. Something the analysts are calling “recession” is ploughing across the landscape like one of those darkly majestic dust-storms of the 1930s, only this time we won’t be able to re-fight anything like World War Two to get all the machines running again in the aftermath. Nor, of course, will the Make America Great Again fantasy work out for those waiting in the squalid ruins of the post-industrial rust-belt or the strip-mall wastelands of the Sunbelt.

Most of the beliefs and attitudes of the present day will be overturned with the demise of the industrial orgy, like the idea that humanity follows an unerring arc of progress, that men and women are interchangeable and can do exactly the same work, that society should not be hierarchical, that technology will rescue us, and that we can organize some political work-arounds to avoid the pain of universal contraction. There are no coherent ideas in the political arena just now. Our prospects are really too alarming. So, jump on-board the socialism ship and see if it makes you feel better to sail to the end of the earth. But mind the gap at the very edge. It’s a doozie.

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And 2 more weeks after that etc. till the clock runs out.

• May To Ask MPs For Further Fortnight’s Grace In Brexit Talks (G.)

Theresa May hopes to convince the House of Commons on Tuesday to give her another fortnight’s grace to keep pushing for changes to the Irish backstop – despite the insistence of Michel Barnier that it is Britain that must compromise. With 45 days to go until Britain is due by law to leave the EU, with or without a deal, the prime minister will address MPs about progress in the Brexit talks, No 10 announced on Monday. She is unlikely to signal any shift towards a closer future relationship with the EU, after writing to Jeremy Corbyn to underline her continued objections to a customs union, and instead she will focus on the backstop.

“We are absolutely clear on this: we’re not considering Jeremy Corbyn’s customs proposals, we’re not considering any proposals to remain in the customs union. We must have our own, independent trade policy,” May’s spokesman said on Monday. May will stress her continued focus on the backstop, but the EU’s chief negotiator insisted on Monday there was no question of Brussels giving in to Downing Street’s demands. “We’re waiting for clarity and movement from the United Kingdom,” Barnier told reporters after talks in Luxembourg with the country’s prime minister, Xavier Bettel.

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The EU has the exact same flaws as its member states, but in the latter the losers can get voted out.

• Europeans Must Get Rid Of The Failing EU One Way Or Another (MW)

Populism is sweeping Europe, because the European Union and its constituent governments have become as unresponsive as the 18th century aristocracies those replaced.The EU antecedent, the European Economic Community (1957) was created to prevent another World War by integrating the continent’s iron and steel industries and then its broader continental markets for goods, services, capital and labor. The process created a politically unaccountable bureaucracy, whose broad policy directions are set by consensus among the national heads of government and cabinet ministers. However, Brussels enjoys wide administrative discretion in supervising the customs union, agricultural and fisheries management, and national subsidies, anticompetitive practices, and other behavior that could undermine the “single market.”

Through a succession of treaties and agreements, national leaders “pooled sovereignty” to empower the European Commission to issue edicts that member states must directly obey or conform national laws and regulations in areas such as social policy and human rights, consumer protection and product standards, transportation, and immigration. European Court rulings have direct application in national courts, and 19 of the 28 states have ceded monetary policy to the European Central Bank by adopting the euro. To win votes, mainstream national politicians have endemically statist impulses, and hue to globalist views regarding the virtues of freer trade and more open immigration, regulatory responses to environmental challenges like climate change rather than mitigation, and impelling cultural diversity as opposed to preserving local cultures.

In Europe, national leaders have empowered the commission to impose the pain and constraints on private freedoms that such globalist policies require. Then they can point to Brussels to alibi they are just advancing a stronger European Union.

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Deutsche is a wager gone horribly wrong.

• “Insane” Deutsche Bank Drowning Under Soaring Funding Costs (ZH)

Following years of dismal performance, uncovered attempts at market manipulation and fraudulent activities, and painful corporate reorganizations which its latest earnings report showed have “cut deeply into the muscle”, Deutsche Bank is a shadow of its former self, with its stock price trading just shy of all time lows. But an even bigger problem for Germany’s biggest lender is that it is now forced to pay the highest financing rates on the euro debt market for a leading international bank this year according to the FT, and also the highest rates among large banks to raise debt this year according to Bloomberg, in a further sign of the German lender’s uphill struggle to turn its operations around and reduce its funding costs.

As the FT first reported, followed promptly by Bloomberg, the bank raised eyebrows last week when it sold a total of €3.6BN in euro-denominated debt, paying 180 bps over the benchmarks for a two-year bond, a steep rate for short-term funding. Deutsche Bank also paid 230 bps over benchmarks for a senior seven-year bond that can absorb losses in a crisis. By comparison, French banking giant BNP Paribas SA last month offered 50 bps less for equally-ranked notes that mature one year later. More embarrassing, Deutsche Bank paid a higher rate than Spanish lender CaixaBank, which recently raised five-year bonds at 225bp.

In a latest note to clients, Corinna Dröse, a Frankfurt-based bond analyst at DZ Bank, said: “The high spreads reflect [Deutsche’s] high idiosyncratic risk, which is rooted in the lender’s chronic weakness in earnings.” “Deutsche has to pay significantly higher risk premiums than almost all other large European banks . . . [the] high spreads express severe doubts, mainly triggered by its poor revenue,” said Michael Hünseler, head of credit portfolio management at Assenagon. Intimately linked with the bank’s deteriorating fortunes – and stock price – investors are increasingly demanding that Deutsche Bank pay higher rates of return than even some of Europe’s “most troubled banks” as the firm grapples with a prolonged decline in revenue.

Finance chief James von Moltke said last year that the bank was caught in a “vicious circle” of declining revenue, sticky expenses, a lowered credit rating and rising funding costs. While the firm cut expenses, revenue and the price of funding remain a concern. “A key priority for us now is lowering our funding costs and improving our credit ratings,” von Moltke said during a call with fixed-income investors last week. “We must not compromise on the strength of our capital, funding, or liquidity, but we have to prove that we can generate long-term, sustainable profitability.”

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It’s not about eating meat, it’s about industrial farming. All these scientists telling people what to eat are useless.

• Nearly A Fifth Of The EU’s Budget Goes On Livestock Farming (G.)

Nearly a fifth of the EU’s total budget – more than £24bn of taxpayer money – goes to support livestock farming across Europe, according to new research by Greenpeace. At a time when scientists are calling for significant reductions in meat consumption, the report’s authors say taxpayers’ money should be redirected away from grain-fed, industrial animal farming. Last month, the Eat-Lancet Commission of scientists called for a new plant-focused diet to help avoid dangerous levels of climate change and the destruction of wildlife. Such a diet would require cutting red meat consumption in Europe by 77%.

Public Health England’s dietary guidelines recommend that meat and dairy, including non-animal-based protein alternatives such as beans and pulses, should make up no more than our 20% of dietary intake. Yet, Europeans eat more than twice as much meat as national dietary authorities recommend, as well as twice the global average. “Adopting diets lower in meat and dairy would not only tackle health problems but would also reduce the pressure on land, freeing up more space for nature,” said the Greenpeace EU agriculture policy director Marco Contiero. [..] Researchers calculated that 125 million hectares (308 million acres) of land in Europe is used to graze livestock or produce feed – this includes more than 60% of arable land that could otherwise be used to grow food directly for human consumption.

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China has no idea what democracy is. But it has a ruling class just like our countries.

• China Has No Use For Democracy. It Needs A Strong Leader Like Xi (SCMP)

Throughout my life, I have had the opportunity to meet nearly every Chinese leader since the 1930s (with the exception of Mao Zedong), including Chiang Kai-shek, Wang Jingwei and more contemporary figures such as Hu Jintao, Jiang Zemin and Xi. As individuals, they frequently came off as kind, caring and intelligent. From afar, as I watched them govern, I would view them in a different light, as dictators. This is the reality of leadership in China. Previously, emperors in China were said to rule because of their “Mandate of Heaven”. When Mao seized power, it was clear that he had won his position through revolution. Yet the selection of Xi, like the selection of his predecessors since Mao’s death in 1976, is cloaked in secrecy.

Even those in the US who question whether, and to what degree, Russian interference influenced the 2016 election will concede that, based on US law, Trump is a legally elected president. These results are publicly available, and have been analysed repeatedly by the media, politicians and the American public. But China lacks such luxuries. Its citizens have no official records to turn to for an explanation of why and how Xi was chosen. [..] Under Xi’s leadership, China has adopted a more aggressive stance internationally, imprisoned thousands of party members on corruption charges and removed constitutional limitations on presidential term limits. Amid these developments, the question of how Xi was chosen again comes to mind. The short answer is, we can only guess.

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Why, why and why?

• History’s 10 Most Culturally Significant Dick Pic Scandals (Taibbi)

The AMI-Jeff Bezos scandal is set up to dominate headlines for a while. Who knows where it will lead? In the third world, an oligarch-president proxy war playing out in public like this usually presages a coup. If this were Thailand or Uruguay, bookies would already have odds on a Bezos-Mark-Zuckerberg-Sundar-Pichai junta being in power by May. This scandal will at least drag us through unprecedented legal and ethical conundrums. Can the president use the surveillance powers of the state to go after political enemies? Can a billionaire intelligence contractor and administrator of one of earth’s largest private data collections — including the so-called “Secret Region” cloud — fight back using his own surveillance trove through a newspaper he owns?

This story could blur the lines between public and private power to the point of meaninglessness. America could very well find its fate decided by a series of pre-dawn phone calls, after which we’d wake up to find Trump flying to Switzerland, Amazon lieutenants in the Joint Chiefs office and the presidency replaced by an executive board. At the center of all of this: a dick pic. Nothing could be more American than the fate of our democracy now hanging (!) on what Enquirer editor Dylan Howard euphemistically describes as a “below-the-belt selfie.”

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Debt Rattle February 4 2019

Feb 042019
 
 February 4, 2019  Posted by at 10:30 am Finance Tagged with: , , , , , , , , , , , , ,  10 Responses »


René Magritte Morning star 1938

 

• Maduro Warns White House Will Be ‘Stained With Blood’ If Trump Invades (G.)
• Regional Bloc Plans Pressure Campaign Against Venezuela’s Maduro (R.)
• Austerity And Welfare Cuts Main Driver Behind Brexit Vote (Ind.)
• Hard Brexiters Say Only Acceptable Way Forward Is To Remove Backstop (G.)
• Theresa May Launches Committee To Find Irish Backstop Alternatives (Ind.)
• UK Home Secretary Dismisses Speculation Of Snap General Election In June (G.)
• Macron Blames Social Media & Russia For Yellow Vests (RT)
• NBC News Claims Russia Supports Tulsi Gabbard (Greenwald)
• D-Day For Australian Banks As Bombshell Inquiry Report Set For Release (R.)
• MAGA Misses the Eurasia Train (Escobar)
• The Chinese Were White – Until White Men Called Them Yellow (SCMP)
• Animals And Birds Under Increasing Threat From Plastic Waste (G.)
• Bacteria Glues Plastic Together Posing Even Deadlier Threat To Sea Life (Ind.)

 

 

Maduro has been practicing the Trump style.

• Maduro Warns White House Will Be ‘Stained With Blood’ If Trump Invades (G.)

Venezuela’s embattled leader, Nicolás Maduro, has warned Donald Trump he will leave the White House “stained with blood” if he insists on pursuing what he called a “dirty” imperialist conspiracy to overthrow him. “Stop. Stop, Trump! Hold it right there! You are making mistakes that will leave your hands covered in blood and you will leave the presidency stained with blood,” Maduro warned during a combative interview with the Spanish journalist Jordi Évole. “Why would you want a repeat of Vietnam?” He also rejected European calls for elections, saying: “We don’t accept ultimatums from anyone. I refuse to call for elections now – there will be elections in 2024. We don’t care what Europe says.” He added: “You can’t base international politics on ultimatums. That’s the stuff of the empire, of colonial times.”

Tens of thousands of Venezuelan protesters streamed through the capital, Caracas, on Saturday to demand the exit of a president who has led the oil-rich South American nation into economic collapse and humanitarian crisis. [..] in his television interview Maduro – who came to power after the 2013 death of his political mentor, Hugo Chávez – signalled that he had no plans to go anywhere. “If the north American empire attacks us, we will have to defend ourselves … We aren’t going to hand Venezuela over,” Maduro said. The UN estimates that more than 3 million Venezuelans have fled overseas in recent years to escape hyperinflation, shortages of food, medicine and healthcare and chronic insecurity. That number is expected to rise to more than 5 million this year.

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Trump and Trudeau, a happy couple. And of course Canada belongs in a regional bloc with Venezuela, it’s right next door.

• Regional Bloc Plans Pressure Campaign Against Venezuela’s Maduro (R.)

A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year’s disputed presidential vote. Sources briefed on the matter said that the 14-nation Lima Group looked set, though, to hold off imposing further sanctions on the Maduro government when it meets in Ottawa. Most group members say Maduro should quit in favour of opposition leader Juan Guaido – who declared himself interim president last month – and are calling for a new presidential election in the troubled OPEC nation.

The United States, which is not a member of the group, also wants Maduro gone. “How can we continue to support the opposition to keep the pressure up on the regime and push for new elections? Certainly that’s something we’ll be looking at,” said a Canadian government official. Maduro, who has overseen an economic collapse and the exodus of millions of Venezuelans, said in an interview that aired on Spanish television channel Antena 3 on Sunday: “We don’t accept ultimatums from anyone,” adding: “I refuse to call for elections now – there will be elections in 2024.” [..] Trudeau spoke on Sunday to Guaido and the two “discussed the importance of the international community sending a clear message regarding the illegitimacy of the Maduro regime,” Trudeau’s office said.

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How the Tories got their Brexit.

• Austerity And Welfare Cuts Main Driver Behind Brexit Vote (Ind.)

Welfare cuts and other austerity measures implemented under the Conservatives pushed vital swing voters to back Brexit and won the EU referendum for the Leave campaign, according to a new report. Research published by the Social Market Foundation suggests the best indicator of a person’s referendum vote was not age or education, but happiness or sadness about their personal finances – with unhappy people tending to vote Leave and contented ones preferring Remain. The report, which analysed the level of cuts in each area of the UK alongside each area’s growth in support for Ukip, argues that had it not been for austerity, the referendum would not have turned out the way it did.

It found that in districts that received the average austerity shock, Ukip vote shares were on average 11.62 percentage points higher in the most recent local elections prior to the referendum than in districts with little exposure to austerity. As well as area-level analysis, the report looked at individual-level data and found that some people directly affected by welfare cuts shifted their political support to Ukip and rejected the political establishment. “Households exposed to the bedroom tax increasingly shifted to support Ukip and experienced economic grievances as they fell behind with their rent payments due to the cuts,” the paper stated.

As much as 9 percentage points of the 52 per cent support for Leave – around 3 million votes – was decided by concern about austerity and related issues, the researchers estimated. It suggests that without the effect of the “austerity shock” on welfare and public services, the Leave share of the referendum vote could have been as low as 43 per cent, delivering a comfortable win for Remain.

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Ruled out by EU.

• Hard Brexiters Say Only Acceptable Way Forward Is To Remove Backstop (G.)

Hard Brexiters have warned Theresa May that the only proposal they are likely to support to break the Brexit impasse is a version of the “Malthouse compromise”, which envisages removing the backstop from the draft European Union exit treaty. Steve Baker, vice chair of the European Research Group, said that he and other Conservative Eurosceptics could not support the alternative they believed Theresa May favoured – an addendum to the existing EU withdrawal agreement. Baker is one of five backbench MPs who will meet Steve Barclay, the Brexit secretary, on Monday, in the first meeting of a new working group aimed at examining whether technological solutions could eliminate the backstop.

The “Malthouse compromise” – named after the junior minister, Kit Malthouse, who brokered it – is a proposal to replace the unpopular backstop with alternative technological arrangements to prevent the return of a hard border in Ireland. It is supported by Baker, other Eurosceptics and the pro-remain former ministers Nicky Morgan and Damian Green, both of whom will attend further meetings with Barclay on Tuesday and Wednesday. “As far as I’m concerned the Malthouse compromise is the only game in town if we’re going to reach an agreement in Brussels,” Baker said, indicating that only rewriting the draft withdrawal agreement to remove the backstop would satisfy Tory Brexiters.

Last week MPs voted in favour of an amendment in the name of Sir Graham Brady, a senior Conservative, to examine the possibility of new customs arrangements but it is unclear that the necessary technology exists. May also instructed Geoffrey Cox, the attorney general, to examine two other proposals that could be taken to Brussels – whether it would be possible to time-limit the backstop or to introduce a unilateral exit mechanism for the UK.

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53 days to go: plenty time to waste.

• Theresa May Launches Committee To Find Irish Backstop Alternatives (Ind.)

Theresa May has been accused of “wasting valuable time” in the countdown to Britain’s exit from the EU as she announced plans to establish a Commons group probing alternative plans for the Irish border post-Brexit. Despite the prime minister’s hopes of reopening the withdrawal agreement already being dashed by EU leaders with just 53 days to go until Brexit, the new committee made up of senior Tory MPs will meet for the first time on Monday. Brexit secretary Stephen Barclay is expected to attend the sessions, alongside support from officials at HM Revenue and Customs, the Cabinet Office, and No 10. The group will aim to provide “alternative arrangements” to the backstop – the EU’s insurance policy in the withdrawal agreement that aims to avoid a hard border in Ireland.

[..] But the EU’s deputy chief negotiator, Sabine Weyand, has already dismissed using existing technology as an alternative solution to the question of the Irish border. “We looked at every border on this Earth, every border the EU has with a third country – there’s simply no way you can do away with checks and controls,” she said last week. Ireland’s deputy prime minister Simon Coveney also rubbished the idea of “alternative arrangements”, adding in The Sunday Times: “This is not a new concept. The EU is committed to trying to agree alternative arrangements to replace the backstop. We want a comprehensive future relationship in place by the end of 2020 so the backstop is never used.

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So they leave on March 29 and hold elections 2-3 months later?

• UK Home Secretary Dismisses Speculation Of Snap General Election In June (G.)

Sajid Javid has said “the last thing we want is a general election”, emphasising that the government is still hoping to secure a time limit or unilateral exit mechanism for the Irish border backstop. The home secretary dismissed newspaper reports that Downing Street strategists were considering holding a snap general election on 6 June, if Theresa May cannot get her Brexit deal through parliament before the 29 March deadline. “The last thing we want is a general election, the people will never forgive us for it,” Javid told the BBC’s The Andrew Marr Show. “They want politicians to get on with the job. They have been given a very clear mandate, now it’s our job to get on with it.”

There are signs that the Conservatives have started to gear up for a possible snap election, with the party’s chief executive, Sir Mick Davis, placing the Tories on a “war footing” last week and increased fundraising activities under the cover of the local elections in May. A poll by Opinium for the Observer showed the Conservatives seven points ahead of Labour on 41%, but few people believe the party would risk going to the country under May’s leadership after the disaster of 2017, when its overall majority was lost. “I know that Conservative party headquarters is planning on only one set of elections, which is the local government elections. The last thing this country wants is an election; they want parliament to deliver Brexit in an orderly way,” Javid said.

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“[far] rightists, leftists, and the Russians.”

• Macron Blames Social Media & Russia For Yellow Vests (RT)

Who is at fault for Yellow Vest protests raging in France since November? For President Emmanuel Macron it’s not actual economic problems or his own decisions, but the right, the left, social media and, of course, “Russes.” Macron blasted the nation’s mainstream media for failing to control the narrative and argued that social networks and “the Russians” are driving all content instead, with traditional outlets falling into line. The president’s calculated outburst was published by the weekly Le Point on Friday, just before the Yellow Vests officially marked the 12th consecutive week of staging large-scale protests against the government.

The president dismissed Eric Drouet, the 33-year-old trucker who emerged as a prominent figure in the protests, as “a media product, a product of social networks,” and claimed that the demonstrators are being “advised from outside,” without elaborating. He argued that 90 percent of the chatter online about the Yellow Vests comes from the “[far] rightists, leftists, and the Russians.” Yet, 18 months after bending the French party system to his will and his triumphant win against bien-pensant pariah Marine Le Pen, Macron’s excuses for disappointing expectations are running thin. His first cannonade in what was intended to be a sweeping march of modernity, was a labor reform that he claimed would help small businesses. It was met with protests from unions, public sector workers who said it made firing easier, and those fearing loss of benefits.

In a preview of what has now become the norm, Macron dismissed the opponents of his policies as “slackers.” [..] The government has already suspended the fuel tax hike that caused the traffic law-mandated vests to be put on in the first place, while the president has promised to raise the minimum wage. But for many demonstrators these actions are belated, and do not address underlying issues. “It’s not enough. We still have to fight the current taxes, the ones that have been in place for years. We should have woken up years ago, and now we have to make up for the years we missed,” one of the original and most popular Yellow Vests, Ghislain Coutard, told Deutsche Welle, adding that Macron should “come out of his hole and face” the people.

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It’s a model that works inside the echo chamber.

• NBC News Claims Russia Supports Tulsi Gabbard (Greenwald)

NBC News published a predictably viral story Friday, claiming that “experts who track websites and social media linked to Russia have seen stirrings of a possible campaign of support for Hawaii Democrat Tulsi Gabbard.” But the whole story was a sham: the only “experts” cited by NBC in support of its key claim was the firm, New Knowledge, that just got caught by the New York Times fabricating Russian troll accounts on behalf of the Democratic Party in the Alabama Senate race to manufacture false accusations that the Kremlin was interfering in that election. To justify its claim that Tulsi Gabbard is the Kremlin’s candidate, NBC stated: “analysts at New Knowledge, the company the Senate Intelligence Committee used to track Russian activities in the 2016 election, told NBC News they’ve spotted ‘chatter’ related to Gabbard in anonymous online message boards, including those known for fomenting right-wing troll campaigns.”

What NBC – amazingly – concealed is a fact that reveals its article to be a journalistic fraud: that same firm, New Knowledge, was caught just six weeks ago engaging in a massive scam to create fictitious Russian troll accounts on Facebook and Twitter in order to claim that the Kremlin was working to defeat Democratic Senate nominee Doug Jones in Alabama. The New York Times, when exposing the scam, quoted a New Knowledge report that boasted of its fabrications: “We orchestrated an elaborate ‘false flag’ operation that planted the idea that the [Roy] Moore campaign was amplified on social media by a Russian botnet.’”

[..] In any event, NBC News, to smear Gabbard as a Kremlin favorite, relied on a group that it heralded as “experts” without telling its audience about the major fraud which this firm just got caught perpetrating in order – on behalf of the Democratic Party – to fabricate claims of Kremlin interference in the Alabama Senate race. That’s because the playbook used by the axis of the Democratic Party, NBC/MSNBC, neocons and the intelligence community has been, is and will continue to be a very simple one: to smear any adversary of the establishment wing of the Democratic Party – whether on the left or the right – as a stooge or asset of the Kremlin (a key target will undoubtedly be, indeed already is, Bernie Sanders).

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They’ll just paper it all over.

• D-Day For Australian Banks As Bombshell Inquiry Report Set For Release (R.)

The Australian government is due to release on Monday the final recommendations of the independent inquiry that exposed systemic wrongdoing in Australia’s financial sector last year, likely leading to sweeping changes to the country’s banking industry. The big banks, insurers, pension funds and regulators who oversee the financial industry are bracing for a brutal summary of their misdeeds and weaknesses, and a list of tough recommendations including possible criminal charges. The Royal Commission was a quasi-judicial independent body led by a former high court judge that was tasked by the government, reluctantly at first, with investigating financial sector misconduct following a string of banking scandals.

For 11 months its public hearings shocked the country and wiped more than A$60 billion ($43.4 billion) from top financial stocks as investors factored in the prospect of tougher regulation, higher compliance costs and thinner margins. Regulators were also grilled by the commission’s barristers about why they seemed reluctant to crack down on wrongdoing, sometimes penalizing firms with little more than a mildly worded press release. “There will be nothing positive in the recommendations because the banks have clearly breached various obligations in the laws, and obligations to good customer service,” said Matthew Wilson, a banking analyst at Deutsche Bank.

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Pepe appears blind to China’s multiple bubbles. I could see them halt any expansion and close their borders first to sort out the financial mess.

• MAGA Misses the Eurasia Train (Escobar)

We should know by now that the heart of the 21st Century Great Game is the myriad layers of the battle between the United States and the partnership of Russia and China. Even the U.S. National Defense Strategy says so: “The central challenge to U.S. prosperity and security is the reemergence of long-term, strategic competition by … revisionist powers.” The recently published assessment on U.S. defense implications of China’s global expansion says so too. The clash will frame the emergence of a possibly new, post-ideological, strategic world order amidst an extremely volatile unpredictability in which peace is war and an accident may spark a nuclear confrontation.

The U.S. vs. Russia and China will keep challenging the West’s obsession in deriding “illiberalism,” a fearful, rhetorical exercise that equates Russian democracy with China’s one party rule, Iran’s demo-theocracy and Turkey’s neo-Ottoman revival. It’s immaterial that Russia’s economy is one-tenth of China’s. From boosting trade that bypasses the U.S. dollar, to increasing joint military exercises, the Russia-China symbiosis is poised to advance beyond political and ideological affinities. China badly needs Russian know-how in its military industry. Beijing will turn this knowledge into plenty of dual use, civilian-military innovations.

The long game indicates Russia and China will break down language and cultural barriers to lead Eurasian integration against American economic hegemony backed by military might. One could say the Eurasian century is already upon us. The era of the West shaping the world at will (a mere blip of history) is already over. This is despite Western elite denials and fulminations against the so-called “morally reprehensible,” “forces of instability” and “existential threats.” Standard Chartered, the British financial services company, using a mix of purchasing power exchange rates and GDP growth, has projected that the top five economies in 2030 will be China, the U.S., India, Japan and Russia. These will be followed by Germany, Indonesia, Brazil, Turkey and the UK. Asia will extend its middle class as they are slowly killed off across the West.

[..] Beijing is realizing it can’t meet its geo-economic goals on energy, security, and trade without bypassing the U.S. dollar. According to the IMF, 62 percent of global central bank reserves were still held in U.S. dollars by the second quarter of 2018. Around 43 per cent of international transactions on SWIFT are still in U.S. dollars. Even as China, in 2018, was the single largest contributor to global GDP growth, at 27.2 percent, the yuan still only accounts for 1 percent of international payments, and 1.8 per cent of all reserve assets held by central banks.

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Our history. A proud story. We bring democracy and freedom and prosperity.

• The Chinese Were White – Until White Men Called Them Yellow (SCMP)

How did East Asians come to be referred to as yellow-skinned? It was the result of a series of racial mappings of the world and had nothing to do with the actual colour of people’s skin. In fact, when complexion was mentioned by an early Western traveller or missionary or ambassador (and it very often wasn’t, because skin colour as a racial marker was not fully in place until the 19th century), East Asians were almost always called white, particularly during the period of first modern contact in the 16th century. And on a number of occasions, even more revealingly, the people were termed “as white as we are”. The term yellow occasionally began to appear towards the end of the 18th century and then really took hold of the Western imagination in the 19th.

But by the 17th century, the Chinese and Japanese were “darkening” in published texts, gradually losing their erstwhile whiteness when it became clear they would remain unwilling to participate in European systems of trade, religion, and international relations. Calling them white, in other words, was not based on simple perception either and had less to do with pigmentation than their presumed levels of civilisation, culture, literacy, and obedience (particularly if they should become Christianised). Swedish botanist and physician Carl Linnaeus decided that varieties of homo sapiens could be similarly separated into four continental types, one of which was called homo asiaticus. The colour of that group, he said, was fuscus, which can be best translated as “dark”. This was in 1735.

Evidently there was some difficulty deciding on a precise colour for Asian Man, since the other three types, European, African, and American, could be “unproblematically” identified according to already accepted stereotypes of white, black, and red. In the tenth edition of Linnaeus’ taxonomy, however, published in 1758, fuscus was silently changed to luridus, meaning “lurid”, “sallow”, or “pale yellow”. The reasons for this alteration were never explained, although luridus also appeared in several of Linnaeus’ botanical publications to characterise unhealthy and toxic plants. Was Asian Man also to be viewed as sickly or dangerous?

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Animals and birds? You sure about that?

• Animals And Birds Under Increasing Threat From Plastic Waste (G.)

Wildlife and pets are under increasing threat from plastic waste and litter, according to new data from the RSPCA, which shows the number of incidents of animals hurt by plastic litter has risen sharply on previous years. Plastic litter led to 579 cases of damage to wildlife or pets that were reported to the animal charity in England and Wales in 2018, up from 473 in 2015. That rise came against a background of falling damage to animals from other forms of litter, down from 4,968 reported incidents in 2015 to 4,579 last year. Water birds and marine animals were particularly at risk, with 28 incidents involving seals hurt by plastic litter in 2018, compared with five in 2015. Among birds, swans were among the worst affected, followed by geese and gulls.

Plastic has become an increasing focus of concern, as it does not break down in the natural environment and can continue to cause problems in waterways for years. The government has increased charges on disposable plastic bags to discourage their overuse, and businesses from supermarkets to consumer goods companies are changing their practices to use less plastic packaging in response to public concerns. But the biggest source of damage to wildlife from litter comes from angling, according to the RSPCA’s findings, with discarded equipment such as lines, nets and hooks causing more than 3,200 of last year’s reports.

“[Fishing] lines can wrap around necks, causing deep wounds in flesh and cutting off the blood supply,” said a spokeswoman for the charity. “Hooks can pierce beaks or feet, become embedded in skin or get caught in the bird’s throat, and weights can be swallowed causing internal injuries and blockages.”

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It just got a whole lot scarier. Has plastic been banned where you live yet?

• Bacteria Glues Plastic Together Posing Even Deadlier Threat To Sea Life (Ind.)

Plastic in the oceans is being turned into an even greater threat to small sea creatures than previously thought because bacteria are sticking particles of it together, scientists have discovered. Glue-like substances secreted by bacteria are sticking tiny bits of plastic to form larger clusters that marine animals could mistake for food, experts fear. They also worry that the clumping could divert the natural flow of food from the ocean surface to the seafloor, leading to deep sea creatures being starved. Researchers at Heriot-Watt University in Edinburgh staged experiments with seawater, adding plastics in conditions simulating the ocean surface. Within minutes, the minuscule pieces of plastic grouped together with bacteria, algae and other organic particles to form larger clumps.

The scientists are said to have been surprised to discover that large masses of biopolymers – molecules made by organisms – formed the bulk of the plastic clusters. About eight million tonnes of plastic are thrown into the ocean each year, research shows. Team member Stephen Summers said: “This is a first step towards understanding how nanoplastics interact with natural biopolymers throughout the world’s oceans. “This is very important, as it is at this small scale that much of the world’s biogeochemistry occurs.” The clumps became visible to the naked eye. “The fact that these agglomerates become large enough to see raises concern, as they are likely to be seen as a food source by small marine animals,” he said.

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