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Debt Rattle December 4 2024

Dec 042024
 
 December 4, 2024  Posted by at 10:05 am Finance Tagged with: , , , , , , , , , , ,  66 Responses »


Johannes Vermeer The geographer 1668-69

 

• FBI Agents Back Kash Patel As Next Director: ‘He’s the right fix’ (JTN)
• The Government Gangsters (Glenn Beck)
• Tucker Carlson Claims US Embassy Has Muted Zelensky (RT)
• Trump Offers Canada Chance To Join US (RT)
• Joe Biden Cloaks His Legacy in Infamy With the Hunter Biden Pardon (Turley)
• In Pardoning His Own Son, Biden Argues That US Justice Sucks (Marsden)
• “Trump-Proofing” California Could Be a Costly Option for Californians (Turley)
• Ukraine Will Reject Any Alternative To NATO Membership – Foreign Ministry (RT)
• Kiev Should ‘Disregard Everything And Everyone’, Become Nuclear Power – MP (RT)
• Georgia: A Second Front for Putin (Paul Craig Roberts)
• The Second Front Has Been Activated In Syria (Sonja van den Ende)
• EU Reports Dramatic Fall In Birth Rate (RT)
• EU Has Weakened ‘A Lot’ Amid Ukraine Conflict – Hungarian FM (RT)
• The End Of Fake News? MSNBC Hits New Low In Ratings (ZH)
• Ryanair CEO O’Leary: Germany Is Run By ‘Idiots’ (RMX)
• Fani Full Release Ordered After Fulton DA Sat On RICO Records (ZH)
• House Oversight Report Supports Lab-Leak Theory for COVID-19 Origin (ET)
• The Skripals Are As Good As Dead – The Judge Has Buried Them (Helmer)

 

 

 

 

YMCA

Article III

In a blanket pardon, you lose the 5th

Georgia
https://twitter.com/i/status/1863938810196955257

Gaetz

Benz


https://twitter.com/i/status/1864152269153063050

Biden AI

 

 

 

 

“..an influential retired bureau supervisor says a large number of agents support Kash Patel for the job..”

• FBI Agents Back Kash Patel As Next Director: ‘He’s the right fix’ (JTN)

As Democrats try to stymie President-elect Donald Trump’s pick for FBI Director, an influential retired bureau supervisor says a large number of agents support Kash Patel for the job because of his national security experience and his vision to replace the law enforcement agency’s leadership who allowed politics to usurp crime fighting. “This guy is completely and 100% qualified to run that organization. He’s what’s needed today. He’s the right fix,” retired FBI Supervisory Special Agent Jeff Danik told Just the News in a wide-ranging interview Monday. While Democrats and news media critics have suggested that Patel was selected to be a loyalist seeking revenge on Trump foes, Danik noted Patel’s extensive career experience, which includes stints as a federal public defender, federal prosecutor, counterterrorism director at the National Security Council, senior counsel to the House Intelligence Committee and chief of staff to both the Defense Secretary and the Director of National Intelligence.

“He has the correct balance, in my view, having been there for almost 30 years,” Danik said of Patel. “He has the correct balance of prosecutor, which is what we do. We feed the prosecution tube. Defense attorney, so the other side of that coin. Intelligence, the intelligence agencies, which is a key element to the FBI’s either success or failure. “And then also, I think this is personal, that he’s been a victim himself of the system,” Danik said. “And the combination of those things uniquely qualifies him beyond his, you know, substantial accomplishments.” Those accomplishments, Just the News confirmed, include two major government awards for Patel’s work on national security during the Obama administration.

The recognitions included a 2017 Assistant Attorney General’s award of excellence for Patel’s prosecution of 12 Al-Shabab terrorists who killed 72 and injured dozens more with suicide bombings targeting sports fans watching a 2010 FIFA World Cup soccer match at two locations in Kampala, the capital of Uganda. They also include a Central Intelligence Agency Award for Human Intelligence Gathering for his work combating terrorism in East Africa. Patel mentioned both awards in a lawsuit he filed against a news media organization back in 2019 and they were confirmed by government officials who spoke to Just the News.Danik’s full-throated endorsement of Patel is significant, since he is a popular figure in the FBI retiree community as an accomplished bureau supervisor in the Miami area known to help and counsel agents currently on the job.

“I talk to agents all the time. I’m constantly involved with helping them, counseling them through tough times, or helping on the job or just after retirement,” Danik said during an interview on the John Solomon Reports podcast. “And there’s a large group that are highly, highly supportive of him, of the President-elect, and are willing to help with whatever jobs or tasks are involved in getting behind the scenes.” “When somebody new comes into into an organization, even if they’re somewhat familiar with it, there’s a lot of complexity involved with these federal bureaucracies. They have really established lots of different little machine gunner nests that need to be known about before you go in,” he added. Danik was explicitly supportive of Patel’s oft-stated strategy of “cleaning house” in the upper echelons of the FBI, saying that is where cases involving Hillary Clinton, Donald Trump and others have been politicized to the detriment of the nation.

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X thread.

• The Government Gangsters (Glenn Beck)

Trumps FBI Director Kash Patel knew the Deep State’s plan to remove Joe Biden and pardon Hunter to hide their crimes. Garland and Wray should have been impeached. Fauci, the CIA and the Media lied about the origins of Covid. Wray has the Epstein files. He says the FBI can be fixed by shutting down the Hoover building immediately and opening it up the next day as a Museum of the Deep State letting everyone walk the halls for free and leaving it open 365 days a year. He says twenty people can run the FBI, the other seven thousand agents that are sitting in that building should be chasing criminals around America, not distorting statistics about January 6th so Christopher Wray can go to Congress and lie and say domestic violent terrorism is on the rise.

He encourages the arrest and prosecution of Hunter Biden over the crime of prostitution for calling a Hooker, which is prosecutable in almost every jurisdiction in America and he also says Joe Biden can be prosecuted for receiving money overseas, ill gotten gains, which is illegal. There are bigger crimes involving Ukraine and other matters, but these are simple and fast crimes to prosecute. The investigation into the Hunter Biden Laptop was shutdown by the FBI and the Department of Justice with the help of the media, proving this was a coordinated Deep State effort. He says the Obama-Clinton Administration has been running the White House for years, not Joe Biden. The Deep State is evil, vindictive and very smart.

He names the Top Five Deep State Operatives in America which are General Mark Milley of the U.S. Department of Defense, Mark T. Esper former Secretary of Defense, William Barr former U.S. Attorney General of the Department of Justice, Christopher Wray current FBI Director and Merrick Garland the current Attorney General of the Department of Justice. He says the Deep State will be shattered under the second Trump Administration, but it will be a monster fight. He read the entire secret JFK files and the secret seven pages of the 9/11 report, he says he has seen it all and will recommend to President Trump to release all the files to the American people including the Epstein files. He refers to the Deep State Operatives as Government Gangsters that will be brought to justice.

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“..Carlson published a video on X in which he previewed the upcoming release of an interview with Russian Foreign Minister Sergey Lavrov..”

• Tucker Carlson Claims US Embassy Has Muted Zelensky (RT)

American journalist Tucker Carlson has said the US government has been blocking his attempts to organize an interview with Ukrainian leader Vladimir Zelensky for more than a year. On Wednesday, Carlson published a video on X in which he previewed the upcoming release of an interview with Russian Foreign Minister Sergey Lavrov. The journalist said the conversation with Russia’s top diplomat was aimed at providing a perspective on how close Washington and Moscow could be to a direct clash, after the administration of outgoing US President Joe Biden granted Ukraine permission to fire American-made long-range weapons deep into Russian territory.

In the same clip, filmed on Manezhnaya Square in the heart of Moscow, the former Fox News host revealed that “we have also tried for over a year to get an interview with Zelensky, the president of Ukraine.” According to Carlson, his team “have attacked that from a bunch of different angles. We have spoken to a lot of different people around him, had dinner with them. We have been in talks continuously.” “And those efforts have been thwarted by the US government. The American Embassy in Kiev, which our tax dollars pay for, told the Zelensky government: No, you may not do the interview. You can talk to CNN. You cannot talk to us,” Carlson said.

In June, the journalist said he had agreed an interview with the Ukrainian leader. However, Zelensky’s press-secretary, Sergey Nikiforov, swiftly rejected the claim, saying that “Tucker Carlson should check his sources in the FSB (Russia’s Federal Security Service) more carefully.” Zelensky “has a completely different schedule, and Tucker Carlson is not on it,” Nikiforov stressed. Carlson’s latest trip to Moscow is his second since the escalation between Russia and Ukraine in early 2022. In February, he interviewed Russian President Vladimir Putin, with the recording of their two-hour conversation getting 14 million views on YouTube and 185 million views on X in the first three days after its release.

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Western Canada would be interested. But not the east. Though Québec…

• Trump Offers Canada Chance To Join US (RT)

US President-elect Donald Trump has suggested that Canada should become the 51st US state unless it manages to halt the flow of illegal migrants and drugs across its border with the US, Fox News reported on Monday, citing sources. According to the report, the incoming US leader made the remarks last Friday during a dinner with Canadian Prime Minister Justin Trudeau. Earlier last week, Trump threatened to place 25% tariffs on goods coming from both Canada and Mexico upon inauguration in retaliation for illegal immigration, as well as the “crime and drugs,” coming to the US across the borders with the two countries. Trudeau called Trump shortly thereafter to attempt to dissuade the incoming US president from going ahead with the proposed hike, and on Friday arrived at Trump’s estate at Mar-a-Lago to continue discussions.

According to people reportedly present at Friday’s dinner who heard Trump’s discussion with Trudeau, the US president-elect repeated his earlier claim that Canada had failed its neighbor by allowing drugs and illegal immigrants from over 70 different countries to enter the US. He also reportedly chided Canada for the US trade deficit with it, which he estimated at around $100 billion. Trudeau reportedly told Trump that such punishing tariffs would destroy the Canadian economy. Trump was said to have replied with a tongue-in-cheek suggestion that Canada could avoid this by becoming the 51st US state, with Trudeau as governor. He later expounded on the idea, saying that Canada could even be divided into two states, one conservative and one liberal. The remark was reportedly received with nervous laughter from Trudeau and other dinner attendants, while Trump once again emphasized that he plans to carry out his threat as soon as he returns to the White House on January 20.

After the dinner, Trudeau told reporters he had “an excellent conversation” with Trump, without revealing its details. Trump later called his meeting with Trudeau “productive” and noted that the Canadian prime minister had “made a commitment” to work with the new US administration on Trump’s key points of concern. He did not mention his previous tariff hike threat again. Many US imports from both Canada and Mexico are currently exempted from tariffs because of the USMCA trade agreement that Trump enacted during his first term. Experts have warned that it is not clear how Trump could implement the proposed tariff hikes without violating that deal. Many economists have also warned that tariff hikes could backfire on the US economy by causing a spike in domestic prices, and also lead to retaliatory actions by targeted countries that could spark a trade war.

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“Even among past scandals in the abuse of the pardon power, Biden has done lasting damage not just to his legacy but his office.”

• Joe Biden Cloaks His Legacy in Infamy With the Hunter Biden Pardon (Turley)

President Joe Biden’s decision to use his presidential powers to pardon his own son will be a decision that lives in infamy in presidential politics. It is not just that the President used his constitutional powers to benefit his family. It is because the action culminates years of lying to the public about his knowledge and intentions in the influence-peddling scandal surrounding his family. Even among past scandals in the abuse of the pardon power, Biden has done lasting damage not just to his legacy but his office. Despite its noble origins and purpose, the pardon power historically has not been a pristine power used by past presidents. As I have previously written, it was used to benefit the political cronies of past presidents. President Warren Harding was even accused of selling pardons, including to mob enforcer Ignacio Lupo, known as “Lupo the Wolf.” Former president William Clinton waited for the final days of his presidency to pardon his own brother as well as a major democratic donor.

In 2023, I wrote that Biden might follow this same pattern and pardon his son as a lame-duck president. The column suggested that Biden might withdraw as a candidate for office and then take the action as a father: “The pardon-and-apology approach might appeal to Biden not only as an effort to convert vice into virtue but to justify his withdrawal from the election as a selfless act.” In the 2020 election and throughout his presidential term, Biden repeatedly lied to the American public with an ease and impunity that shocked even many political veterans in Washington. He was repeatedly asked if he knew about Hunter’s foreign dealings, including millions in alleged deals with Russians, Ukrainians, Chinese, and other clients. President Biden lied and denied such knowledge. As I detailed in my testimony in the Biden impeachment hearing, he had repeated discussions of these dealings. He is even on tape discussing news stories on the dealings.

President Biden was also repeatedly asked if he met any of his son’s clients. He repeatedly lied. We have pictures and records of dinners and meetings with these clients. Hunter Biden was expressly thanked for his arranging such access to his father. Few reporters pressed Biden on the corruption scandal, but they were often met not only with denials but angry retorts from the president. When Fox reporter Peter Doocy raised it, the President steamed “Yes, yes, yes. God love you, man — you’re a one-horse pony, I tell you.” When CBS’s Bo Erickson broke ranks and raised the scandal and drew a rebuke from Biden “I know you’d ask it. I have no response, it’s another smear campaign, right up your alley, those are the questions you always ask.” The President continued to lie throughout the election, the presidential debates, and his term. Then, the press repeatedly asked him whether he would pardon his son. The President was now running for reelection and again lied.

He and the White House said over and over again that no such pardon would occur and was not being contemplated. That was also a lie. NBC is reporting that, while issuing these denials last June, there were discussions about the pardon. The pardon power was written in absolute terms, and a president can even, in my view, pardon himself. However, what is constitutional is not necessarily ethical or right. This is one of the most disgraceful pardons even in the checkered history of presidential pardons. President Biden has lied to cover up a corruption scandal that reportedly brought his family millions in raw influence peddling. His portrayal of his son as a victim stands in sharp contrast to the sense of immunity and power conveyed by Hunter in his dealings. There were diamonds as gifts, lavish expense accounts, and a sports car, in addition to massive payments that Hunter claimed were “loans.”

There are messages where Hunter belies the President’s portrayal of a political witch hunt, including messages like the one to a Chinese businessman openly threatening the displeasure of Joe Biden if money is not sent to them immediately. In the WhatsApp message, Hunter stated: “I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled. Tell the director that I would like to resolve this now before it gets out of hand, and now means tonight. And, Z, if I get a call or text from anyone involved in this other than you, Zhang, or the Chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. I am sitting here waiting for the call with my father.” The President has now pardoned Hunter for his convicted felonies and any crimes he may have committed from “Jan. 1, 2014, to Dec. 1, 2024.” It is all now being buried under a sweeping immunity deal and a pack of presidential lies.

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“Too bad that time’s up for you to actually do anything about this kind of systemic selective prosecutorial bullying, beyond serving your own family’s interests.”

• In Pardoning His Own Son, Biden Argues That US Justice Sucks (Marsden)

One of the big bonuses of being US president is that you can pardon any federal crimes you want on the way out the door. It’s a chance to help out family, friends, donors, or curry favor with potential future business associates in your post-White House career. US President Joe Biden just handed one out to his own son, Hunter Biden, who was facing up to 25 years prison in a firearms case and 17 years for a tax case. That length of sentence would make it seem that Hunter was accused of waving a gun around or firing it off in the vicinity of someone, but that’s hardly even the case. Instead, he was convicted of lying on his paperwork when applying for one. One of the questions asks whether you’ve smoked pot or done any other drugs “unlawfully.” No way, Hunter said. But unfortunately for him, a quick Google image search reveals spades of images of him with a crack pipe hanging from his mouth. Whoops.

In the tax case, he was convicted of three felony offenses and six misdemeanor offenses, according to his dad’s Justice Department statement, having “spent millions of dollars on an extravagant lifestyle rather than paying his tax bills.” And when he was finally made to pay up, having blanked out on paying for four tax years, he indulged in some creative accounting in inventing some business deductions. Enter Joe in the role of the parent who shows up at the school principal’s office to explain why his kid is such a screwup and can’t get his homework done on time for the tax man. “Those who were late paying their taxes because of serious addictions, but paid them back subsequently with interest and penalties, are typically given non-criminal resolutions. It is clear that Hunter was treated differently,” Biden wrote in a statement. Sounds like Hunter’s serious addiction in this case was not paying taxes, just like every other American facing similar charges.

Everyone’s addicted to something. Maybe some other Americans were too busy double-fisting Ding Dongs or Twinkies to cater to the tax man? Or working on their gains at the gym? Or on a Netflix bender? Where’s their pardon? I’m sure Americans will be thrilled to learn that the president figures that indulging in some nose candy constitutes a free pass from any serious consequences of messing up your taxes – or just ignoring their existence altogether. Tax man knocking at the door? Just answer while smoking a giant blunt and tell him to bugger off. What about the gun stuff, though? Joe has an answer for that, too. “Without aggravating factors like use in a crime, multiple purchases, or buying a weapon as a straw purchaser, people are almost never brought to trial on felony charges solely for how they filled out a gun form,” he wrote.

Yeah okay, and most drivers who speed aren’t hauled up on speeding charges. Not because they aren’t doing it, but because there isn’t a cop sitting in the back of each one of their cars waiting for them to go over the limit and give them a ticket. Biden is literally saying that Hunter has been “treated differently” simply because he’s Biden’s son. Is he seriously blowing the whistle on his own Justice Department, and American justice, in general, with accusations of political prosecutions? Sure sounds like it. Too bad that, as president, he wasn’t actually in any position to actually do anything about it, huh? How about the tax man targeting Donald Trump’s returns? Is that not political, too, Joe? What about all the other felony charges that seemed designed to derail his return to the presidency? “For the first time in American history a former president that is a convicted felon is now seeking the office of the presidency,” Biden said earlier his year. “But as disturbing as that is, more damaging is the all-out assault Donald Trump is making on the American system of justice.”

Are we talking about the same system of justice that sucks so much that you had to correct its errors so your kid could avoid becoming someone’s Alcatraz amigo? “It says a lot about the United States that we work relentlessly to free Americans who are unjustly held around the world,” Biden said amid a prisoner swap with Russia this summer. How much work has Biden done – beyond his own kid’s case – to ensure that people who mess up on government paperwork in the US aren’t facing prison terms that rival those of genocide perpetrators? “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” Biden said. Sounds like a real problem. Too bad that time’s up for you to actually do anything about this kind of systemic selective prosecutorial bullying, beyond serving your own family’s interests.

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“Californian voters surprised many Democrats this election with almost 40% voting for President-elect Trump over California’s own Vice President Kamala Harris..”

• “Trump-Proofing” California Could Be a Costly Option for Californians (Turley)

California Gov. Gavin Newsom (D) is widely known to be angling to be the next Democratic presidential nominee after the implosion of Vice President Kamala Harris. This week, Newsom positioned not just his campaign but also his state as part of the “resistance” for the next four years against the Trump Administration. Newsom pushed a special session to secure a $25 million war chest to take the Trump Administration to court, even before the inauguration and release of policies by the incoming administration. I wrote earlier about how the loss of both houses, as well as the White House, will mean that lawfare and obstructive efforts will shift to the states. Newsom is moving to out-position governors (and potential primary opponents) like Govs. Josh Shapiro of Pennsylvania and Gretchen Whitmer of Michigan.

Illinois Gov. JB Pritzker moved first in a chest-pounding press conference that he would stop the incoming administration from trying to remove undocumented persons, declaring, “You come for my people, you come through me.” New Jersey Gov. Phil Murphy (D) added that he will “fight to the death” against Trump’s agenda. Newsom has upped the ante by demanding millions to pre-fund litigation against the new administration. With a massive budget debt burden, Newsom has continued to pile on new debt for politically popular initiatives. I cannot recall any state pre-positioning funds for the sole purpose of litigating against any incoming administration. The most obvious area of disagreement is the effort to ramp up the enforcement of immigration laws and to carry out deportations.

While polls show that the public overwhelmingly supports such enforcement, including deportations, California is seeking to take the lead in court actions designed to slow or frustrate such efforts. It could prove costly, not just in litigation expenditures. The Trump Administration could seek to withhold federal funding from states and cities obstructing enforcement efforts. In the meantime, sanctuary cities are continuing to face rising costs associated with rising populations of undocumented migrants. For example, as we previously discussed, Denver Mayor Mike Johnson (D) declared that he was preparing the Mile-High City for its “Tiananmen Square moment” to fight the federal government in any attempt to deport unlawful migrants. Johnson warned that he would have not only Denver police “stationed at the county line to keep [ICE] out” but also “50,000 Denverites.” He later walked back the comments while repeating that the city is positioning itself to be part of the resistance.

Now the Common Sense Institute (CSI), a non-partisan research organization estimated that eight percent of the city’s 2025 budget of $4.4 billion is now dedicated to housing and services for undocumented persons. If true, that amounts to $356 million or $7,900 per migrant. California has led other states in offering a wide array of benefits to undocumented persons. Notably, Californian voters surprised many Democrats this election with almost 40% voting for President-elect Trump over California’s own Vice President Kamala Harris.

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“Russian President Vladimir Putin has said Kiev’s NATO ambitions were the key reason behind the current conflict.”

• Ukraine Will Reject Any Alternative To NATO Membership – Foreign Ministry (RT)

Ukraine will not accept any kind of security guarantees as a substitute for NATO membership, according to a Foreign Ministry statement published on Tuesday. In the document issued ahead of the NATO foreign ministers’ meeting in Brussels this week, Kiev blasted the 1994 Budapest Memorandum, under which Ukraine gave up its Soviet-era nuclear arsenal for security guarantees from Russia and the West. The Foreign Ministry called the pact a “monument to short-sightedness in strategic security decision-making,” and urged its Western backers to issue it an invitation to the US-led military bloc during the meeting in Brussels. “Having the bitter experience of the Budapest Memorandum behind us, we will not settle for any alternatives, surrogates, or substitutes for Ukraine’s full membership in NATO,” the ministry said in a statement, marking this week’s 30th anniversary of the memorandum’s signing.

The criticism comes amid recent Russian advances and the upcoming return of US President-elect Donald Trump to the White House in January, which has raised uncertainty over US support as Kiev fears it could be forced to the negotiating table. “We are convinced that the only real security guarantee for Ukraine, as well as a deterrent factor for further Russian aggression against Ukraine and other states, is only Ukraine’s full membership in NATO,” the statement said. Ukraine was left with around 1,700 nuclear warheads after the collapse of the Soviet Union. While this stockpile technically made Ukraine the world’s third-largest nuclear power, the weapons themselves remained under the operational control of Russia, and were surrendered under the 1994 Budapest Memorandum. This agreement involved the US, UK, and Russia providing security assurances to Kiev in return for the removal of the weapons.

While Ukraine has never controlled nuclear weapons, in 2022, Ukrainian leader Vladimir Zelensky expressed regret about his country agreeing to relinquish them, suggesting that Kiev has “every right” to reverse the decision. Earlier this year, Zelensky said Ukraine could protect itself by becoming either a nuclear state or a member of NATO. He later backtracked, saying Kiev does not have any alternative “except NATO.” NATO, however, is “highly unlikely” to heed Kiev’s call for a membership invitation during this week’s meeting, Reuters reported, citing diplomats, saying it would take weeks or even months to reach a consensus from the bloc’s 32 members for the decision. Ukraine made NATO membership a strategic goal in 2019. This was a red line for Moscow, which has for years expressed concerns about the bloc’s creeping expansion towards its borders. Russian President Vladimir Putin has said Kiev’s NATO ambitions were the key reason behind the current conflict.

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Forget it. Think Oreshnik.

• Kiev Should ‘Disregard Everything And Everyone’, Become Nuclear Power – MP (RT)

Ukraine must become a nuclear power to protect itself no matter the consequences, an opposition MP said on Tuesday. Becoming a member of NATO, which the current government hopes will happen, is not enough, Aleksey Goncharenko has argued. This week marks the 30th anniversary of the signing of the Budapest Memorandum, which comprises three nearly-identical multilateral agreements with former parts of the USSR that had nuclear weapons stationed on their territories at the time the Soviet Union dissolved in 1991. Belarus, Kazakhstan, and Ukraine agreed to denuclearize in exchange for security assurances by Russia, the US, and UK. The Ukrainian Foreign Ministry issued a statement on Tuesday to complain that the document has not applied to Kiev since the US-backed armed coup of 2014.

The anniversary, it said, is a good time to extend to Ukraine a formal invitation to NATO, it claimed. ”NATO is a good thing. But NATO will not defend us. Nuclear weapons would,” Goncharenko wrote in response on social media. “So we should disregard everything and everyone and make the bomb. Then we’ll figure things out.” The MP also rebuked Ukrainian leader Vladimir Zelensky for missing the opportunity to get a “normal peace treaty” with Russia and NATO membership before the 2023 ‘counteroffensive’. He belongs to the party of former President Pyotr Poroshenko, who lost to Zelensky in the 2019 presidential election. The Budapest Memorandum with Ukraine should serve as a reminder to Western leaders that the “development of European security architecture at the expense of Ukrainian interests rather than in alignment with them is doomed to fail,” the Ukrainian Foreign Ministry said in the statement.

The country “will not accept any alternative, imitation, or substitute for a NATO membership with full rights,” it added. In recent statements, Zelensky has been sending mixed messages on NATO membership, suggesting that Kiev would be willing to accept accession of only the territories currently under its control, or accession of all claimed territories without protection under Article 5 of the North Atlantic Treaty. Kiev claims that Ukraine was the third-largest nuclear power after Russia and the US, before agreeing to give up the weapons. The Ukrainian government has denied having a secret nuclearization plan, after German media claimed last month that it does.

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The EU’s foreign policy chief Kaja Kallas took the side of the 34%, whom she declared to be the “Georgian people,” not the 54% who won the election.”

• Georgia: A Second Front for Putin (Paul Craig Roberts)

President Putin faces the possibility of a second Ukraine, a second war front that could result from Washington’s success in staging a coup d’etat in Georgia with a color revolution. Riots ongoing since the “Russian party” defeated the “Western party” by 54% to 34% have convinced the Prime Minister of Georgia that the West is in the process of launching a color revolution to overthrow, as was done in Ukraine, the democratically elected government. Putin is silent and consequently could find himself fighting on two fronts. Then the West will open a third front. This is what Putin can expect from consistently presenting himself as a non-interventionist unless Russia is attacked. Russia, certainly the most powerful military entity on earth, carries no weight in Western councils. Georgia, the country, became a part of Russia in early 1800. In 1917 Georgia became one of the provinces of the Soviet Union.

The country became independent in 1991 when the collapse of the Soviet Union gave Washington the opportunity to break up the Soviet Union. Georgia, Ukraine, Belarus, and the Central Asian provinces were turned into independent countries. In 2003 Washington engineered the “Rose Revolution” in Georgia, which put a pro-Western government in office. In 2008 Washington sent its US trained and equipped Georgian army into South Ossetia, a disputed province that did not agree to leave Russia with Georgia. As Russian peacekeepers were killed in the Georgian invasion of South Ossetia, Putin sent in the Russian Army which quickly destroyed the American trained Georgian Army and conquered Georgia in five days, which is what should have happened in Ukraine. Failing to realize that Washington would continue to try to turn Georgia into a front against Russia, Putin turned Georgia loose and took his army home.

Putin, a true believer in non-interference even when it is at Russia’s expense, left Georgia to be subverted by Washington. Putin did not require that Georgia shut down Washington’s NGOs operating in the country or that Georgia subordinate itself in any way to Russia. Consequently, Washington got a French-born woman installed as president of Georgia, and Washington’s propaganda and NGOs have convinced 34% of Georgians to prefer alignment with the West than with Russia. It is part of Washington’s intent to surround Russia with missile bases. Washington’s EU puppet has threatened to impose sanctions on the democratically elected Georgian government for failure to void the election and put in office a pro-West government. The EU’s foreign policy chief Kaja Kallas took the side of the 34%, whom she declared to be the “Georgian people,” not the 54% who won the election.

She promised that the EU would punish those who won and that sanctions against Georgia was one of the options for dealing with the Georgian people’s refusal to comply with EU rule. Last Saturday the US State Department spokesman announced Washington’s suspension of its strategic partnership with Georgia, thus setting up Georgia for overthrow. The Georgian President supports Washington’s NGO protesters and said the parliamentary elections are illegitimate. There is no indication that the Russian government realizes that the overthrow of the pro-Russian government means trouble for Russia. Fyodor Lukyanov, chairman of the Presidium of the Council on Foreign and Defense Policy, writes nonsensically about the attempt at “color revolution” as if it is merely an internal affair for Georgia.

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“..Uyghur jihadists in Syria pose an overlooked yet significant regional and international security problem..”

• The Second Front Has Been Activated In Syria (Sonja van den Ende)

Israeli Prime Minister Benjamin Netanyahu, who will go down in history as the most corrupt leader of the most extreme radical settler regime ever seen in the “promised land” called Israel, has negotiated a supposed ceasefire with Hezbollah, which will last for 60 days. Shortly after the ceasefire in Lebanon came into effect, and after Israeli Netanyahu warned Syrian President Bashar al-Assad that he was “playing with fire”, a new front was opened from Idlib to Aleppo. The terrorist group called Hayat Tahrir al-Sham (HTS) launched an attack on Aleppo from their last enclave in Idlib. HTS and other factions called the al-Fatah al-Mubin group, just another small terrorist organization affiliated with HTS, advanced in the western countryside of Aleppo and took control of strategic points in the villages of Qubtan al-Jabal and Sheikh Aqil.

According to sources and Syrian media, around 50 people were killed, including terrorists, Syrian Arab Army (SAA) soldiers and an SAA soldier who was taken back to Idlib as booty. Who is HTS? If you believe Western sources, they are a Sunni Islamist political and armed organization involved in the Syrian civil war. It was formed on January 28, 2017, as a merger between Jaysh al-Ahrar, Jabhat Fatah al-Sham, Ansar al-Din Front, Jaysh al-Sunna, Liwa al-Haq and Nour al-Din al-Zenki Movement. Syrian and Iraqi people call the organization Daesh, which means “the one who crushes”. The West sometimes gave it another name, ISIS or Islamic State. Also, the so-called Syrian civil war is a proxy war of the West to get the oil and gas out of Syria (and Iraq). This is well known among Syrians, who see their oil being stolen by the U.S., initially by their proxies Daesh, but now more directly with the help of the U.S. military.

The main goal of the U.S. is to replace Russian allies with those of the U.S., usurping Assad’s power with radical jihadists, aligned in the past mainly with Saudi Arabia and Qatar, so that the U.S. could build a pipeline through Syria to Europe. The evidence is clear that U.S. President Barack Obama, against advice and warnings from his top military officers, pursued a policy to protect the fundamentalist Sunni organization Al Qaeda in Syria. Proof that the U.S. (and its Western client states) under the Obama administration sponsored terrorists in Syria and Iraq is in the form of the last mentioned group, the Nour al-Din al-Zenki Movement. Obama had to admit before the entire Western press that Nour al-Din al-Zenki, who beheaded an eleven-year-old Palestinian boy in cold blood in front of rolling cameras, was indeed a terrorist group.

But so were all the others who the U.S. kept on sponsoring with weapons and money (as did Europe and the entire West). Later, they all merged with Daesh (ISIS). In 2016, during the liberation of Aleppo by the Syrian Arab Army, fighters from other terrorist groups (all fighting under the banner of Daesh but fighting among themselves) captured and killed members of the Zenki movement. Many of those who survived were later granted asylum in Europe (particularly Germany) along with other terrorists. But to this day, Europe is in denial and calls them rebels, while the evidence of gang violence happening in the cities of Europe is clear. Some say because of President Assad’s humane offer, they chose to be exiled to the enclave of Idlib, where a concentration of jihadists (after 2016) is now located.

The biggest Daesh group there has become HTS, and almost all groups are affiliated with them. Also, there are remaining Uyghurs, many of whom are in Idlib. This group is extremely violent, and they know they can’t go back to China. According to one report, Uyghur jihadist fighters in Syria have served as a force multiplier for insurgents there. Uyghur fighters gained ground in Idlib, the only Syrian province that still has a large local and foreign jihadist presence. Uyghur jihadists in Syria pose an overlooked yet significant regional and international security problem. They are likely to become a greater threat if fighting in Idlib winds down and the province is not decisively captured by a strong state or non-state actor hostile to jihadist groups.”

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Here’s the plan: “The negative natural change (more deaths than births) was outnumbered by the positive net migration..”

• EU Reports Dramatic Fall In Birth Rate (RT)

The number of babies born in the EU fell to a record low last year, according to the latest data from the bloc’s statistical office (Eurostat). Despite this, the total population has been on the rise due to mass immigration. Births across the EU’s 27 member states stood at 3,665,000 in 2023 – a decline of 5.5% year-on-year, as per Eurostat’s figures. Birth rates have been falling steadily across the EU since 2008. The number of births last year was the lowest in the EU countries since comparable data was first collected in 1961, and the annual decline is the largest on record, the Financial Times (FT) reports. The sharpest drops in births over the past decade have been recorded in Italy, Spain, Greece, Poland, Finland, and the Baltic states.

Demographic experts polled by the FT believe the longstanding trend of Europeans having fewer babies may have been exacerbated by concerns over economic and political tensions on the international level, the worst surge in inflation in a generation, climate change, and the Covid-19 pandemic. According to a recent report, the Total Fertility Rate has halved from 3.3 children per woman in 1960 to 1.5 in 2022 in the 38 countries that are members of the Organization for Economic Co-operation and Development (OECD), which include 22 EU member states plus Australia, Canada, Japan, South Korea, and others. According to Eurostat, all EU regions have fertility rates below the replacement level of 2.1 live births per woman.

Nevertheless, the population of the EU has been on the rise over the past decade, with the exception of the pandemic year of 2021. The most notable jump was recorded in 2023, according to Eurostat figures. “The negative natural change (more deaths than births) was outnumbered by the positive net migration,” the agency said in a release in July. Eurostat attributed the population growth to increased migration after the pandemic and the influx of immigrants from Ukraine who received temporary protection status in the EU.

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“When I sit on the meetings of the Foreign Affairs Council with other foreign ministers and listen to some, I’m so sad, that such kind of extreme pro-war positions are present..”

• EU Has Weakened ‘A Lot’ Amid Ukraine Conflict – Hungarian FM (RT)

The EU approach to the Ukraine conflict has ultimately weakened the bloc “a lot,” Hungarian Foreign Minister Peter Szijjarto has said, branding the decision to blindly follow Washington’s polices a “big mistake.” The top diplomat made the remarks while speaking exclusively to RT’s Saskia Taylor in an interview on Monday. Comparisons between EU and US aid to Ukraine by the bloc’s leaders are a “very bad and harmful approach from the European perspective,” Szijjarto said. While the US is hardly affected by the enduring hostility between Moscow and Kiev, the conflict has taken a heavy toll on the EU, according to the minister. “There is destruction taking place in Europe, and the European economy is faced with the impacts and the consequences of this war. So therefore, following the US policies without any kind of criticism, that’s a big mistake and I do believe that the strategy the European Union has been following in the recent 1000 days is a failed one,” Szijjarto said.

The EU has “weakened a lot” during the conflict, and the approach taken by the bloc has proven to be a wrong one, the diplomat stated. I do believe that instead of globalizing the conflict, the right strategy would have been to localize it and to do everything in order to resolve it, to make peace, instead of pouring oil on the fire, which has been the case. “There are many extremely pro-war politicians in Europe. When I sit on the meetings of the Foreign Affairs Council with other foreign ministers and listen to some, I’m so sad, that such kind of extreme pro-war positions are present,” Szijjarto stated. Hungary itself has taken a different approach, remaining “the only country in Europe or European Union which has not delivered weapons to Ukraine,” he noted. “We are the only country in NATO, almost the only one, which speaks openly about the red lines which must be kept seriously. And we are the ones who speak openly about our assessment that NATO is a defense alliance and not an attack,” Szijjarto added.

The foreign minister also touched upon the situation in Georgia, which has been gripped by unrest over the past few days after Georgian Prime Minister Irakli Kobakhidze announced that he would freeze accession talks with the EU until 2028. The protests have been openly backed by the EU, with the stance taken by the bloc’s leadership hardly surprising given that Hungary has been “under attack for the last 15 years,” Szijjarto suggested. “My problem is that this is very [common] in Europe. In the case, if it is not the liberals to win an election, the democratic nature of the whole country and the whole political system is being questioned immediately. If it is liberals to win, everything’s fine. If it’s patriots to win, if it is conservatives to win, if it is right-wing to win, the nature of democracy is immediately questioned. And this is totally unacceptable,” he said.

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“During the week of Nov. 6, MSNBC averaged just 38,000 viewers among adults 25-54..

• The End Of Fake News? MSNBC Hits New Low In Ratings (ZH)

The leftist “news” channel MSNBC is facing a ratings crisis, with some of its advertiser-coveted viewership dropping to a two-decade low, according to Nielsen data reviewed by Fox News. During the week of Nov. 6, MSNBC averaged just 38,000 viewers among adults 25-54, its lowest-rated non-holiday weekday since July 19, 2004. As reported by Fox News, this demographic is widely prized by advertisers and is crucial for network revenue. Low viewership impacted shows like The 11th Hour with Stephanie Ruhle and Jose Diaz Balart Reports, both of which saw their smallest audiences ever. Other shows—including Chris Jansing Reports, Deadline: White House and Katy Tur Reports—saw their worst days ever among the demos. Several shows lost over 50% of their 25-54 audience.

Among those shows are The 11th Hour with Stephanie Ruhle, All In with Chris Hayes, Chris Jansing Reports, Inside with Jen Psaki, The Rachel Maddow Show and Joy Reid’s ReidOut. This slump couldn’t have come at a worse time, as MSNBC’s parent company, Comcast, announced cuts to cable channels, excluding NBC News and Bravo TV. CNN reports that MSNBC will be moved into “SpinCo,” a publicly traded cable programming company. Tech mogul Elon Musk has hinted at purchasing MSNBC, while journalist Jack Posobiec says he’s recruiting investors to take control of the left-wing network.

Podcast host Joe Rogan joked about replacing Rachel Maddow if Musk buys MSNBC: “I will wear the same outfit and glasses, and I will tell the same lies.”Along with viewership and Comcast scandals, MSNBC is under the scrutiny of its viewers after Joe Scarborough and Mika Brzezinski met with Donald Trump, despite having previously compared him to dictators. Al Sharpton faces ethical scrutiny after his nonprofit quietly took a $500,000 donation from the Harris campaign ahead of his interview with Vice President Kamala Harris. MSNBC conceded that Sharpton blindsided them with the donation. “MSNBC was unaware of the donations made to the National Action Network,” an MSNBC spokesperson told the Washington Free Beacon.

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“Hamburg will see its flights cut by 60 percent, BER by 20 percent and Cologne/Bonn by 10 percent.”

• Ryanair CEO O’Leary: Germany Is Run By ‘Idiots’ (RMX)

In an interview for the industry magazine “Airliners,” Ryanair CEO Michael O’Leary attacked German politicians, calling them “a government of idiots,” criticizing in particular the Greens, whom he accused of “stupid solutions,” reports DoRceczy. He was also skeptical about the future government of the Federal Republic of Germany. “I don’t think the next government of Germany will be any better,” he said. Ryanair’s boss described the German aviation market as one of the worst in Europe, calling Berlin’s BER airport “dysfunctional,” adding that the airport could only function as “a regional airport at best.”

According to him, high fees of over €50 per passenger are a key reason why the German aviation industry is only slowly recovering from the coronavirus pandemic. This is why Ryanair has already reduced its German capacity from 16 million to 13.5 million seats. The fleet of 300 aircraft will be moved to more attractive markets, with the location “determined strictly on the basis of expected profits,” he said. Ryanair will be withdrawing completely from Dortmund, Dresden, and Halle/Leipzig airports by March 2025, while Hamburg will see its flights cut by 60 percent, BER by 20 percent and Cologne/Bonn by 10 percent. “Further cuts could come next year with the summer flight schedule, as Ryanair increasingly favors lower-cost destinations outside Germany,” DW reports.

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“Defendant is ORDERED to provide Plaintiff with copies of all responsive records that are not legally exempted or excepted from disclosure..”

• Fani Full Release Ordered After Fulton DA Sat On RICO Records (ZH)

Fulton County District Attorney Fani Willis has been ordered by a local judge to release all communications between her office, Special Counsel Jack Smith’s office, and the January 6th Committee regarding her RICO case against President Donald Trump and his allies, after she was found to have violated federal law by withholding them. “The Court also hereby ORDERS Defendant to conduct a diligent search of her records for responsive materials within five business days of the entry of this Order. Within that same five day period, Defendant is ORDERED to provide Plaintiff with copies of all responsive records that are not legally exempted or excepted from disclosure,” reads a Tuesday order. If Willis can’t find them, she is mandated to follow court-ordered procedures to “provide an explanation why such correspondence does not exist.”

Willis, who had been served on March 11, 2024 in the suite involving conservative watchdog Judicial Watch, failed to respond by an April 10 deadline. After later claiming she ‘misunderstood’ the court’s directive, she then said that the document release would jeopardize her RICO case. [..] As the Epoch Times notes further… “In mid-2023, Willis told a local radio station that she was not coordinating in any way with Smith’s office in investigations and cases brought against former President Donald Trump. Smith had charged Trump, now the president-elect, with both classified documents-related and 2020 election-related charges in two different jurisdictions, while Willis brought charges against him and more than a dozen others for alleged election-related crimes in Fulton County.

“I don’t know what Jack Smith is doing and Jack Smith doesn’t know what I’m doing,” Willis said in July of that year. “In all honesty, if Jack Smith was standing next to me, I’m not sure I would know who he was. My guess is he probably can’t pronounce my name correctly.” Since then, however, she has made no comments about Smith’s investigation. Smith, meanwhile, has never commented on Willis’s case against Trump. Smith in November filed court papers confirming he would be dropping his election case against Trump and would stop the appeals process in his classified documents case. During his 2024 presidential campaign, Trump said he would terminate Smith as special counsel upon taking office.

A letter sent by Willis’s office on Dec. 17, 2021, to the House Jan. 6 committee had “requested access to any Select Committee records relevant to her investigation into President Trump’s actions to challenge the 2020 presidential election, including ‘recordings and transcripts of witness interviews and depositions, electronic and print records of communications, and records of travel,’” House Judiciary Republicans said in a report released last year relating to an investigation they launched into Willis. Willis has been critical of House Republicans’ investigation into her office and the Trump case, accusing House Judiciary Chairman Jim Jordan (R-Ohio) of trying to interfere in the case at one point. “Jim Jordan has, time after time after time, attacked my office with no legitimate purpose,” she told MSNBC’s Rachel Maddow in May. “Anyone who knows Jim Jordan’s history knows that he only has the purpose of trying to interfere in a criminal investigation.”

In a letter issued to Republicans in 2023, Willis said Republicans are trying to “obstruct a Georgia criminal proceeding and to advance outrageous partisan misrepresentations.” Her case against Trump has stalled in recent months after one of the president-elect’s co-defendants submitted a court filing earlier this year claiming Willis and then-special prosecutor Nathan Wade were engaged in a romantic relationship. The pair confirmed they were in a relationship but denied any wrongdoing. A judge overseeing the case issued an order in March allowing Willis to remain on the case if Wade resigned, which he did hours later. Trump and several of his co-defendants appealed the decision to the Georgia Court of Appeals earlier this year, where the case is still pending.”

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“By nearly all measures of science, if there was evidence of a natural origin it would have already surfaced..”

• House Oversight Report Supports Lab-Leak Theory for COVID-19 Origin (ET)

A Republican-led oversight subcommittee has concluded that the COVID-19 virus likely originated from a laboratory in Wuhan, China, following a two-year investigation into the pandemic. The House Oversight Select Subcommittee on the Coronavirus Pandemic released a 520-page report on Dec. 2, detailing the findings of the subcommittee’s investigation. The report found that the U.S. National Institutes of Health funded gain-of-function research at the Wuhan Institute of Virology (WIV), and that EcoHealth Alliance Inc. used U.S. taxpayer dollars to facilitate this research at the lab. It also found that the Chinese communist regime, agencies within the U.S. government, and some members of the international scientific community sought to cover up facts concerning the origins of the pandemic.

The committee said that COVID-19 possesses biological characteristics not found in nature and that data indicates that all COVID-19 cases stemmed from a single introduction into humans, unlike previous pandemics, where there were more spillover events. “By nearly all measures of science, if there was evidence of a natural origin it would have already surfaced,” the oversight subcommittee said in a statement. The report said that the Wuhan Institute of Virology has a history of conducting “gain-of-function” research under low biosafety precautions. Several researchers from the Wuhan Institute of Virology fell sick with a COVID-like virus months before the first case of the outbreak was allegedly detected at a wet market, according to the report.

The report said that in January 2021, the U.S. State Department published an unclassified fact sheet that stated: “The U.S. government has reason to believe that several researchers inside the WIV became sick in autumn 2019, before the first identified case of the outbreak, with symptoms consistent with both COVID-19 and common seasonal illness.” Citing the fact sheet, the report stated that the Wuhan Institute of Virology “has a published record of conducting ‘gain-of-function’ research to engineer chimeric viruses.” The report said the June 2023 ODNI assessment supported this conclusion and went further, stating, “Scientists at the WIV have created chimeras, or combinations of SARS-like coronaviruses through genetic engineering, attempted to clone other unrelated viruses, and used reverse genetic cloning techniques on SARS-like coronaviruses.”

The June 2023 ODNI Assessment said that some of the “WIV’s genetic engineering projects on coronaviruses involved techniques that could make it difficult to detect intentional changes.” Among those interviewed during the panel’s investigation was Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases (NIAID), who stepped down from his role in December 2022. The report stated that Fauci had “prompted” a research study titled “The Proximal Origin of SARS-CoV-2”—which dismissed the idea that the virus was laboratory constructed—to “disprove” the lab leak theory. Fauci testified at a June hearing that he did not suppress the lab leak theory and did not view it as inherently a conspiracy theory but said that “some distortions on that particular subject are,” according to the report.

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“Hughes’s expression of his gratitude to everyone associated with the Novichok narrative except for the Skripals means he is burying them..”

• The Skripals Are As Good As Dead – The Judge Has Buried Them (Helmer)

After Yulia Skripal has testified through her doctor that she was attacked with a poison spray in a restaurant minutes before she and her father, Sergei Skripal, collapsed on March 4, 2018, the British Government hearings on what happened have attempted to suppress her evidence. Yesterday, December 2, the hearings ended with a statement by Jack Holborn, a lawyer paid by the Home Office to say he represents the Skripals, and to claim they agree to the suppression of their own evidence. “Sergei and Yulia Skripal are grateful to this Inquiry for its work,” Holborn said. “Thank you.” Page 158 The retired judge who has directed the hearings, Anthony Hughes (titled Lord Hughes of Ombersley), let slip in his closing statement that he understands the Skripals are dead or incommunicado in prison because he omitted to thank them for their participation. “

I am grateful,” Hughes said, “to all the Core Participants and chiefly, of course, to those most closely connected to the events, namely Dawn Sturgess’ family, who have coped, if I may say so, admirably with what must have been at times extremely difficult evidence to listen to.” Only the Skripals were closer to the events than the Sturgess family or the ambulance crews, police, intelligence agents, doctors, and government officials who have been called to testify on their oaths. But Hughes ruled on September 23 that the Skripals were not allowed to testify either in the open hearing room, behind closed doors, or by remote internet link. Hughes’s expression of his gratitude to everyone associated with the Novichok narrative except for the Skripals means he is burying them.

Holborn has been seconding Andrew Deakin KC, a lawyer also paid by the Home Office to represent the Skripals. Neither of them has asked questions of any witness nor made submissions throughout the eight weeks of the Dawn Sturgess Inquiry hearings. Deakin’s opening statement on October 14 lasted 88 seconds. “Both Sergei and Yulia Skripal,” Deakin said, “would like to express their sorrow at the death of Dawn Sturgess and to offer their deepest sympathies to her family and loved ones. Sergei and Yulia Skripal also express their sympathy to those who were injured in the course of this incident. Finally, Sergei and Yulia would like to express their profound gratitude to the emergency workers, police and hospital staff who risked their lives to help them. Sergei and Yulia keenly await the outcome of this Inquiry. They look forward to better understanding the circumstances of the Salisbury attack, to considering the Inquiry’s conclusions as to who was responsible for that attack and to being able to move on with their lives.” Page 156-57. Deakin did not appear again.

In open testimony at the Inquiry it has been revealed that Yulia Skripal’s doctor at the Salisbury District Hospital, Stephen Cockroft, discovered she had recovered consciousness on March 8, four days after the attack. The police evidence to the Inquiry is that Skripal then communicated by eye signals to Cockroft that she remembered being sprayed, not at home but at Zizzi’s Restaurant where she and her father had been lunching just before they collapsed. The senior police source for this evidence was Keith Asman; he is the chief of forensics for the Counter Terrorism Policing (CTPSE) group which in the investigation of the Novichok affair has combined the Metropolitan and regional police forces with the Secret Intelligence Service (MI6) and the Security Service (MI5). In his witness statement, Asman repeated what another police officer, code-named VN104, had recorded from Dr Cockroft. The evidence of Detective Inspector (DI) VN104, identified as the deputy head of the Metropolitan Police investigating Novichok, was not called into open or closed testimony by Hughes.

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Frens
https://twitter.com/i/status/1863534908569981204

 

 

Slide
https://twitter.com/i/status/1863660969118822457

 

 

Bonedigger

 

 

Kestrel

 

 

Seal

 

 

Dunkin

 

 

Chihuahua
https://twitter.com/i/status/1863677018270994682

 

 

Save the bees

 

 

 

 

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Debt Rattle May 7 2023

May 072023
 
 May 7, 2023  Posted by at 8:38 am Finance Tagged with: , , , , , , , , , ,  46 Responses »


Gustav Klimt Litzlberg am Attersee 1914-15

 

• Russian Forces Take Control Over 95% Of Bakhmut – Prigozhin (TASS)
• Wagner To Hand Bakhmut Over To Chechens – Prigozhin (RT)
• Chechen Commandos Wait For Orders To Push Towards Bakhmut – Kadyrov (TASS)
• Western Politicians Advise Kiev Not To Attack Crimea – Ukraine Official (RT)
• Grain Deal Talks In Deadlock – UN (RT)
• Moscow Blasts Kiev Over Use Of Grain Corridor To Attack Russia (Az.)
• Tucker Carlson Forced Off Air By Fox Contract – NYT (RT)
• The UK vs the ECtHR (VB)
• US National Security Advisor To Meet With MbS (Cradle)
• IMF Issues Grim Warning About Global Economy (RT)
• Pakistan Switching To Yuan To Buy Russian Oil – Media (RT)
• De-Dollarization Is Spreading And It’s Not Hard To See (Radhika Desai)
• Over 2,000 of 4,800 US Banks Are Insolvent – Telegraph (RT)
• MSNBC Spins Possible Hunter Biden Charges In Rare Joe Biden Interview (Turley)
• In London, Brazil’s Lula Calls For Efforts To Free Assange (ABC)

 

 

 

 

 

 

RFK Jr. talks to Douglas Macgregor

 

 

 

 

Joe 29(?!)
https://twitter.com/i/status/1654766235027136512

 

 

 

 

 

 

“The remaining 5% do not play any role for the so-called development of progress and the march of the ‘Red Army’ further to the West..”

• Russian Forces Take Control Over 95% Of Bakhmut – Prigozhin (TASS)

Russian forces control about 95% of Artyomovsk (Bakhmut) and the remaining 5% have no influence on the progress of the special military operation, Wagner PMC founder Yevgeny Prigozhin says. “Almost 95% of the city territory has been captured in Artyomovsk to date. The remaining 5% do not play any role for the so-called development of progress and the march of the ‘Red Army’ further to the West. Two square kilometers do not influence the progress of the military operation at all,” he said, cited by the Prigozhin’s press office in its Telegram channel. Nobody communicated with him about the shortage of ammunition, Prigozhin said. “The personnel of Wagner PMC will be preserved for the next operations in interests of Russia,” he noted. The Wagner PMC founder also said he had no ambitions of leaving his mark as the person “that took Artyomovsk.” “I have ambitions to be of service to our nation and state,” he added.

Chrystia Freeland tells Hillary Clinton

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“Prigozhin said that the operation of the Wagner group had fulfilled its task in Bakhmut. According to him, the goal of the Bakhmut meat grinder was not to take the city, but to grind the units of the Armed Forces of Ukraine. He said that 95% of the territory of Bakhmut is now under the control of Russian forces, and the remaining 5%, according to him, “do not play any role”. He said that he doesn’t care about being in the history books as the one who took Bakhmut, he cares about serving his own people” — RIA

• Wagner To Hand Bakhmut Over To Chechens – Prigozhin (RT)

The Wagner Group private military company will withdraw from the key Donbass city of Artyomovsk (known in Ukraine as Bakhmut) on May 10, the group’s chief, Evgeny Prigozhin, has announced. The PMC’s positions will be taken over by the Chechen Special Forces Unit ‘Akhmat’, he said. Prigozhin claimed to have been in contact with Ramzan Kadyrov, the head of the Chechen Republic, to perform the maneuver. The Wagner leader expressed confidence that the Chechen units will capture Artyomovsk completely, of which just a few blocks in the city’s western part remain under the control of Ukrainian forces.

“I am already in contact with [Kadyrov’s] representatives in order to start transferring positions immediately, so that on May 10, at 00:00, exactly at the moment when, according to our calculations, we will completely exhaust our combat potential, our comrades will take our places and continue the assault on the city of Bakhmut,” Prigozhin said in a statement on Saturday. Later in the day, Kadyrov released a short video address stating that he has already raised the issue with Russian President Vladimir Putin, notifying him of his willingness to replace the Wagner fighters in the city. The Akhmat fighters are already on standby and ready to be redeployed to Artyomovsk, he added.

“The soldiers are on high alert, we are only waiting for orders. Several units have already set off towards the special military operation zone,” Kadyrov stated. Prigozhin announced the looming withdrawal of his forces from the city earlier this week, citing heavy losses and a shortage of artillery munitions. The group will be redeployed from the frontlines to rear camps to “lick their wounds,”he said. Artyomovsk has seen intense fighting in recent months, with the raging battle commonly referred to as the “Bakhmut meat grinder.”The city is a key road and rail junction in Donbass, with both sides reportedly suffering significant casualties during the struggle for control over it. Kiev has continuously poured reserves into the city, which remains partially surrounded by Wagner and other Russian troops.

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“We have already begun to develop our own strategy for this area together with the Russian Defense Ministry..”

• Chechen Commandos Wait For Orders To Push Towards Bakhmut – Kadyrov (TASS)

Chechen leader Ramzan Kadyrov has said that the Akhmat commando force is ready to move into Artemovsk (Ukrainian name Bakhmut). “Akhmat [commando] units are ready to move to Artemovsk (Bakhmut). I have already signed the corresponding message to the Supreme Commander-in-Chief saying the Akhmat units are ready to take control of the city and to clear it from NATO and Ukrainian satanists. The fighters are in combat readiness. We are only waiting for the orders. Several units are already on the way to the zone of the special military operation,” Kadyrov wrote on his Telegram channel on Saturday.


The Chechen leader is certain that Artyomovsk will soon be liberated. “In the near future we will liberate the city, despite all sorts of fake news about some terrible counterattack by the Ukrainian army. We have already begun to develop our own strategy for this area together with the Russian Defense Ministry and with due regard for the tactics being used by the enemy and the resources available to us. Believe me, the tactic will yield positive results,” Kadyrov added.

Scott Ritter

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Who’s more likely to use nukes?

• Western Politicians Advise Kiev Not To Attack Crimea – Ukraine Official (RT)

Some Western politicians have warned Ukraine against attempting to retake Crimea by force, President Vladimir Zelensky’s representative claims. Tamila Tasheva, who is tasked with Crimea-related issues, says their reservations stem from fears that if faced with losing the region, Russia might respond with tactical nuclear weapons. Speaking to Poland’s PAP news agency on Friday, Tasheva said Kiev’s preparations for a major counteroffensive have sparked discussions among Western elites regarding the potential repercussions. “Some Western politicians – not states – are warning Ukraine. They claim that the recapture of Crimea could lead to a nuclear war,” she said. According to Tasheva, these politicians argue that while an operation like this is feasible, the fallout could be severe.

Other voices have called into question whether Crimea has ever really been a part of Ukraine, she said. “In their opinion, we should completely give up trying to regain it.” Zelensky’s representative dismissed concerns over a potential nuclear response by Russia as unlikely. She went on to insist that there has long been a bond between Crimea and Ukraine, adding that pro-Kiev saboteurs are active on the peninsula. Multiple drone attacks have taken place in Crimea in recent weeks, targeting Russia’s Black Sea Fleet and an oil storage facility. The Russian authorities say they believe Ukraine was behind the strike on the storage facility, which led to a massive blaze last Saturday. The Ukrainian military, while stopping short of claiming responsibility, hinted that the attack was part of preparations ahead of Kiev’s much-hyped counteroffensive.

Speaking to Scandinavian media outlets last Friday, President Zelensky expressed hope that Ukraine’s forces will be able to “de-occupy” Crimea, as well as Russia’s newly-incorporated territories – the People’s Republics of Donetsk and Lugansk, and Zaporozhye and Kherson Regions. The predominantly-Russian speaking Crimea joined Russia in 2014 following a referendum that was held after the Maidan coup in Kiev that same year.

French journo

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“The deal also requires Western countries to unblock Russian grain and fertilizer exports..”

• Grain Deal Talks In Deadlock – UN (RT)

Another round of talks aimed at prolonging the Black Sea grain deal has ended in deadlock, Farhan Haq, the deputy spokesperson for UN secretary-general, told the media. Technical personnel from Russia, Türkiye, Ukraine, and the UN met in Istanbul on Friday, ahead of a senior-level meeting scheduled for next week. According to the UN spokesperson, the parties failed to agree on the authorization of new vessels to join the Black Sea shipments. Nevertheless, daily inspection work on the previously authorized vessels will continue. “We urge all parties to continue their discussions, overcome operational challenges and work towards the full implementation and continuation of the initiative,”Farhan Haq said. Last year, the UN and Türkiye brokered an agreement which allows the safe export of Ukrainian grain though the Black Sea. The deal also requires Western countries to unblock Russian grain and fertilizer exports.


In March, Russia agreed to extend the deal by 60 days, to May 18. The Kremlin has said that not all parties are fulfilling their part of the agreement. Moscow has also complained that wealthy countries, rather than those at serious risk of food shortages, receive the majority of agricultural goods from Ukraine. Among its conditions, Moscow has demanded that the Russian Agricultural Bank (Rosselkhozbank) be reconnected to the international SWIFT payment system. Earlier this week, Turkish Foreign Minister Mevlut Cavusoglu said that the possibility of allowing the bank to return to SWIFT is part of the discussions on extending the grain deal. According to Cavusoglu, while the parties are actively collaborating, there are no guarantees that the deal will be extended.

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“..unfortunately, it was used by the Ukrainian side, in particular, to organize terrorist attacks against Sevastopol, which is absolutely unacceptable.”

• Moscow Blasts Kiev Over Use Of Grain Corridor To Attack Russia (Az.)

Ukraine’s attempts to exploit the Black Sea grain corridor to stage terrorist attacks on Crimea, Russia cannot be tolerated, Deputy Foreign Minister Sergey Vershinin said in an exclusive interview with RT released on Saturday. Speaking after talks with the United Nations Trade and Development chief on the renewal of the landmark UN- and Türkiye-brokered grain deal with Ukraine, which is set to expire on May 18, Vershinin signaled that Russia is not satisfied with the way the agreement is being implemented. He said that while the talks turned out to be useful, as they allowed the headway being made to be measured, Russia “is not happy with the progress.” Vershinin explained that the part of the agreement unblocking Ukrainian grain exports via the Black Sea has yielded “real results,” but not without caveats.

“We are drawing attention to the fact that the grain… is probably being exported to the most developed countries… However, the very idea that was put forward by the UN secretary general [Antonio Guterres] to ensure food security in the world, as it turns out, is not actually happening.” Vershinin said the parties to the deal are working on the international humanitarian corridor to export grain, “but everyone knows that, unfortunately, it was used by the Ukrainian side, in particular, to organize terrorist attacks against Sevastopol, which is absolutely unacceptable.” The deputy foreign minister went on to tout Russia’s potential in ensuring global food security. “It is well-known, if we remove barriers for our agricultural exports, and for the exports of our fertilizers, many countries of the world will benefit.”

Concluded last July, the landmark grain deal with Ukraine has since hit some stumbling blocks. Russian officials have repeatedly complained that while the deal indeed unblocked Ukrainian grain exports, it failed to unblock deliveries of Russian food and fertilizers to global markets, mostly due to the Western sanctions. The deal has also been marred by several Ukrainian attacks using the grain corridor, resulting in Russia briefly suspending its participation in the agreement in October 2022. In April, Russia’s Defense Ministry said that Ukraine had broken its promise not to use the grain corridor for military purposes after several unmanned boats attacked the Black Sea Fleet bases in Sevastopol, as well as civilian infrastructure on two occasions, potentially threatening the deal’s renewal.

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“..he has no choice but to stay off the airwaves until after the 2024 election unless he is able to negotiate an exit.”

• Tucker Carlson Forced Off Air By Fox Contract – NYT (RT)

Recently-fired Fox News host Tucker Carlson may be sidelined from television news entirely until after the 2024 election unless he can extricate himself from his previous employment contract, according to multiple sources who spoke to the New York Times on Friday. The anchorman is restrained by a common clause known as ‘pay or play’ that restricts him from working for a competitor until the contract expires, an inside source told the outlet. Carlson’s contract is valid through January 2025, meaning he has no choice but to stay off the airwaves until after the 2024 election unless he is able to negotiate an exit. Carlson has reportedly retained entertainment lawyer Bryan Freedman to work out a settlement with his former employer.

Numerous outlets, both traditional and internet-based, are said to be courting the conservative pundit, including Rumble, the Daily Wire, Newsmax, and One America News. Carlson was let go last month hours before he was scheduled to go on the air, supposedly at the request of Lachlan Murdoch, CEO of Fox Corporation, and Suzanne Scott, CEO of Fox News Media, according to a source who spoke to the Times. Media outlets including the Times have suggested his ouster was due to a text message discovered while the network was preparing for Dominion Voting Systems’ defamation lawsuit to go to trial in which Carlson acknowledged the humanity of an Antifa protester. He had enjoyed watching the “creep”get beaten up, he admitted, even though “it’s not how white men fight.”

Other leaked texts from Carlson show him calling Trump lawyer Sidney Powell “cruel and reckless” for pushing the theory that Dominion was flipping votes for then-candidate Joe Biden. The network ultimately did not allow the Dominion suit to go to trial, settling with the voting machine manufacturer for $787 million. Carlson has remained largely silent about the circumstances of his departure, save for a two-minute clip he posted to Twitter decrying how “unbelievably stupid” most TV news content was and lamenting the absence of “undeniably big topics” on the airwaves. The clip has garnered over 24 million views in just two weeks, while Fox’s own ratings have plummeted, with the network losing half its audience in the coveted 25 to 54 demographic.

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The Bill of Rights Bill

“Anatomy of A Politically Engineered Collision Course”

• The UK vs the ECtHR (VB)

In recent months, the UK government has tabled two Bills before Parliament which would have the consequence – and almost certainly have the intention – of setting the UK on a collision course with the Council of Europe, and especially the European Court of Human Rights (ECtHR). Both the Bill of Rights Bill and the Illegal Migration Bill, introduced on 22 June 2022 and 7 March 2023 respectively, contain provisions that openly flout the UK’s obligations under the European Convention on Human Rights (ECHR). While the former is currently in parliamentary limbo, the Illegal Migration Bill will probably become law, following extensive amendment by the House of Lords, which will debate it on 10 May.

This post details how the Bills serve to undermine the UK’s obligations under the ECHR and explains their significance within the larger debate surrounding the UK’s possible withdrawal from the Convention. It places this debate in the context of the rarely-convened Council of Europe summit of heads of state and government in Reykjavik in May 2023, whose ambitious agenda is to protect the ‘common heritage’ of respect for human rights, democracy and the rule of law in the face of Russia’s aggression in Ukraine and other existential threats. The Bill of Rights Bill would repeal and replace the Human Rights Act (HRA) 1998, which gives effect in UK law to most of the rights and freedoms in the Convention. It is the product of a near decade long fixation by the – now former – Justice Secretary, Dominic Raab, with abolishing the HRA and loosening the UK’s ties with Strasbourg, dating back to his 2011 polemic on the prisoner voting issue.

Several of the Bill’s provisions would create significant divergence between the UK and Strasbourg. The Bill would remove the current requirement under section 2 of the HRA for the UK courts to take relevant case law of the ECtHR into account and would encourage a more originalist reading of the Convention. The interpretive duty found in section 3 of the HRA would also be removed. This requires courts to interpret Acts of Parliament so that the rights, duties and powers they establish are exercised in ways that are compatible with Convention rights. Further, it would prevent UK judges from interpreting Convention rights in ways that create positive obligations on public authorities – and even discourage them from applying positive obligations that have already been identified in previous cases, creating inevitable contradiction with Strasbourg case law.

The Bill also instructs UK courts not to have regard to any interim measure (or urgent injunction) issued by the ECtHR, which would directly contravene the UK’s obligations under the Convention. The parliamentary Joint Committee on Human Rights (JCHR) urged the Government not to proceed with the Bill, since: ‘it weakens rights protections, it undermines the universality of rights, it shows disregard for our international legal obligations; it creates legal uncertainty and hinders effective enforcement; it will lead to an increased caseload in Strasbourg; and will damage our international reputation as guardians of human rights’.

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MbS cannot go back.

• US National Security Advisor To Meet With MbS (Cradle)

White House national security advisor Jake Sullivan will visit Saudi Arabia this weekend for talks with Saudi Crown Prince Mohammed bin Salman (MbS), as the White House seeks to improve ties with Riyadh, Reuters reported on 5 May. Speaking at the pro-Israel Washington Institute for Near East Policy (WINEP), Sullivan said he would be traveling to Saudi Arabia on Saturday for talks with Saudi leaders. Sources speaking with Reuters said Sullivan would meet with Crown Prince MbS. Sullivan said the Biden administration seeks a diplomatic solution to Iran’s nuclear program and criticized the Trump administration’s 2018 decision to withdraw from the Iran nuclear deal negotiated by President Obama in 2015. The deal placed restrictions on Iran’s nuclear program in exchange for sanctions relief.

“Yes, we will take the necessary action to ensure that Iran does not acquire a nuclear weapon,” Sullivan said in his WINEP speech. Iranian leaders say they have no intention to develop nuclear weapons and that the country’s nuclear program is for peaceful civilian purposes. Oil production cuts by Saudi-led OPEC+ last October and differences between the US and Saudi Arabia over the 2018 assassination of Washington Post journalist Jamal Khashoggi –carried out by agents close to MbS — hurt relations between the two historical allies. White House officials have also viewed Saudi Arabia’s recent decision to resume ties with Iran and Syria negatively. Representatives from India and the UAE will also join Sullivan’s trip to discuss “new areas of cooperation between New Delhi and the Gulf as well as the United States and the rest of the region.”

Sullivan said the US was working hard to normalize relations between Israel and Saudi Arabia. “Ultimately getting to full normalization is a declared national security interest of the United States. We have been clear about that,” he said. “Now as a sign of my seriousness about how much we’re focused on this, and how seriously we are taking this, I am not going to say anything further lest I upset the efforts we are undertaking on this issue,” he added.

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Maybe it should be “Global Economy Issues Grim Warning About IMF”.

• IMF Issues Grim Warning About Global Economy (RT)

The managing director of the International Monetary Fund (IMF) has warned that the world is on the edge of geo-economic fragmentation, which she believes could add more “cold water” to already anemic global growth. Speaking by video-link at the Brussels Economic Forum on Wednesday, Kristalina Georgieva called for cooperation at a time when growth across the globe is extremely weak by historical standards. “After decades of increasing global integration, there is a growing risk that the world may split into rival economic blocs,” the IMF chief said. “And that’s a scenario that would be bad for everyone, including for people in Europe.” She warned that growth prospects were increasingly bleak at a time when the global outlook is weak both in the near and medium term.

The IMF projects growth to remain around 3% over the next five years, the lowest medium-term forecast in more than three decades. “And yet, central bankers cannot take their eyes off the ball until stubborn inflation is firmly under control,” Georgieva pointed out. “The required monetary tightening is weighing on growth and exposing some financial vulnerabilities.” Reviving multilateral cooperation is vital for long-term growth everywhere, according to the official, who warned that trade fragmentation could cost up to 7% to the global economy in the long term. That’s “roughly equivalent to the combined annual output of Germany and Japan,” she said, adding that some nations could see GDP losses of up to 12% if technological decoupling is added.

“We cannot ignore these costs,” Georgieva stressed. The IMF boss had previously said that the shocks of the past few years, including the Covid pandemic, Russia-Ukraine conflict, and spike in interest rates after years of loose monetary policy, have been a drag on the global economy.

Read more …

“The deal is expected to provide relief to cash-strapped Pakistan, which is facing a balance of payments crisis and critically low foreign exchange reserves.”

• Pakistan Switching To Yuan To Buy Russian Oil – Media (RT)

Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, local media reported on Saturday, citing government sources. The first cargo of 750,000 barrels is expected to dock as soon as in June. An unnamed official from the Ministry of Energy told The News International that the transaction would be facilitated by the Bank of China. The sources haven’t provided details about the mode of payment or the exact discount that Pakistan will receive, saying that making the information public is not in the interest of either buyer or seller. “Russia will provide URAL crude in the test cargo and most probably Pakistan Refinery Limited (PRL) will be tasked to refine the Russian crude,” the official said.


Other sources told the media that Pakistan has agreed a per-barrel price of around $50-52, compared to the G7 price cap on Russian oil of $60 per barrel. In December, the EU, G7, and their allies introduced a collective ban on Russian seaborne oil exports, along with a price cap of $60 per barrel. Another embargo banning almost all imports of Russian oil products, as well as introducing price caps on diesel and other petroleum products, kicked in on February 5. In January, Moscow and Islamabad reached “conceptual” agreements on supplies of Russian oil and petroleum products to Pakistan. The deal is expected to provide relief to cash-strapped Pakistan, which is facing a balance of payments crisis and critically low foreign exchange reserves.

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“..the larger the US deficits, the greater the downward pressure on the dollar..”

• De-Dollarization Is Spreading And It’s Not Hard To See (Radhika Desai)

New sources of non-dollar finance are emerging. There are new bilateral agreements to trade and lend in currencies other than the US dollar. Even more importantly, major oil trade buyers and sellers – Moscow and Riyadh as much as Beijing and New Delhi – are agreeing to trade it in non-dollar currencies. These deals are destroying one of the main pillars of dollar dominance since OPEC quadrupled and then doubled oil prices in the 1970s, giving countries around the world a major reason to demand and hold dollars. However, many analysts continue to write as if the dollar’s dominance remains intact. Of course, these arguments are based on all sorts of false assumptions. For instance, they claim the dollar will continue dominating until another country’currency replaces it or that this will only happen if other countries pursue forms of internationalization that mimic that of the US dollar today.

In a sense, the discussion is a little like that depicted in The Big Short, a film about a small band of bankers who bet against the housing market and the securities resting on it in the 2000s. Having made their bets, they waited for the market to collapse. It did. However, for a time, while mortgage defaults increased, the securities they are based on continued to rise in value. Prices were buoyed by investors primed by Alan Greenspan’s famous claim that there could not possibly be a housing market bubble. Nor were the securities downgraded. The rating agencies had not only given high scores to investment rubbish, they had come to believe their own lies. Only when the losses piled up and actually began to filter through the system in the form of payment shortfalls was the truth acknowledged.

De-dollarization also has its equivalent of the losses and payment shortfalls. Consider the recent Financial Times story, ‘China’s ‘men in black’ step up scrutiny of foreign corporate sleuths’. It describes the Chinese Ministry of State Security using “methods familiar to spies and private detectives” to crack down on “foreign corporate sleuths” performing “due diligence” on investments. They cite the process of checking whether a supply chain involved “forced labor from Xinjiang” as an example, stating that such due diligence is critical for attracting US investment. The piece adds that earlier, “the due diligence groups felt they had ample space to operate and that authorities understood their importance,” but now Beijing has stepped up scrutiny of these scrutineers on grounds of national security. They lament that “spy companies were the gatekeepers for money,” but now, “[t]hat sense of a mutually beneficial relationship is gone.”

Now, the Chinese government has no shortage of reasons for stepping up its scrutiny of the information being gathered by foreign, particularly US entities. After all, it is the target of a US hybrid war whose fronts multiply daily. However, this is not the only significance of the story. It goes deeper than that and testifies to de-dollarization. Since 1971 the US currency’s global role has rested on the claim that the dollar-denominated financial system was the world’s most sophisticated, with the broadest and deepest pools of capital from which the rest of the world’s investors could drink their fill. Certainly, the expansion of financial activity, also known as financialization, has been critical. By increasing financial demand for the dollar, it counteracted the Triffin Dilemma caused by the US deficits that provided the world with liquidity, meaning that the larger the US deficits, the greater the downward pressure on the dollar.

Read more …

Pick them off one by one..

• Over 2,000 of 4,800 US Banks Are Insolvent – Telegraph (RT)

Almost half of the 4,800 banks in the US are nearly insolvent, as they have burned through their capital buffers, The Telegraph reported earlier this week, citing a group of banking experts. According to Professor Amit Seru, a banking expert at Stanford University, around half of US lenders are underwater. “Let’s not pretend that this is just about Silicon Valley Bank and First Republic,” he said. “A lot of the US banking system is potentially insolvent.” Last week, First Republic was seized by US financial regulators and acquired by JPMorgan, the country’s biggest bank. The San Francisco-based lender had previously received a $30-billion rescue shot from a group of Wall Street banks in the form of deposits. The sale of First Republic Bank followed massive deposit runs in March, which caused two regional lenders, Silicon Valley Bank and Signature Bank, to fail within days.


On Thursday, shares of Los Angeles-based PacWest and Arizona’s Western Alliance were suspended after their prices fell dramatically. Earlier in the week, shares of several regional US lenders plunged by at least 15%, triggering investor concerns about the financial health of other mid-sized banks. Around 2,315 banks across the US are currently sitting on assets worth less than their liabilities, according to a Hoover Institution report by Professor Seru and a group of banking experts, as cited by the media. The market value of the loan portfolios of these lenders is reportedly $2 trillion lower than the stated book value. Professor Seru raised questions over the steps taken by US financial watchdogs to tackle the problems faced by crisis-hit mid-sized lenders. The regulators can contain the immediate liquidity crisis by guaranteeing all deposits temporarily, according to Seru, who said, however, that this would not address the greater solvency crisis.

Bank crisis
https://twitter.com/i/status/1654823464853708802

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Set up to let Joe distance himself from the mess.

• MSNBC Spins Possible Hunter Biden Charges In Rare Joe Biden Interview (Turley)

Last night, President Joe Biden did what is a relatively rare thing. He sat down with an actual reporter ostensibly to answer questions. While earlier promising a “major press conference” for the media as a whole to ask him questions, Biden instead did a low-risk interview with MSNBC’s Stephanie Ruhle. In the interview, Ruhle briefly touched on the possible criminal charges awaiting Hunter Biden. Despite reports of a whistleblower alleging a bribery scandal involving the President, Ruhle assured the President (and the viewers) that the still unknown charges will involve “no ties to you.” Moreover, the interview is most interesting for what it did not address. It was a vivid example of what I previously called “the art of scandal implosion.” During the interview, Ruhle asked “Sir, there is something personal that’s affecting you. Your son — while there [are] no ties to you — could be charged by your Department of Justice. How will that impact your presidency?”

Biden answered, “First of all, my son’s done nothing wrong. I trust him. I have faith in him. And it impacts my presidency by making me feel proud of him.” Note the framing: it is a “personal” not a “criminal” matter for the President that involves only his son. We still do not know what the charges might be, though there have been steady leaks indicating that the Delaware U.S. Attorney is focusing on tax and gun charges. Yet, there are mounting allegations over the President’s involvement in his son’s influence peddling and recent allegations of potential criminal conduct by the President. It would seem worthy of some inquiry or curiosity. This framing is only possible because the Justice Department and the media have worked tirelessly to avoid ties between Hunter Biden’s foreign dealings and the President. While influence peddling may not be a crime in itself, it often involves crimes to cover up the schemes from tax violations to false statements to unlawful financial transfers.

Last year, I wrote about a shift in the media after it was forced to belatedly acknowledge the authenticity of the Hunter Biden laptop: “Due to the continued work of a small number of media outlets like the New York Post, it is no longer possible to bury the story or continue the false claim that it is “Russian disinformation.” The hope now appears to be a “controlled demolition” where Hunter is indicted on limited grounds without causing collateral damage to the political and media establishment. Scandal implosion is as much an art as it is a science and could be the most brilliant achievement in this ongoing scandal.”This effort has been greatly advanced with the help of Attorney General Merrick Garland who has inexplicably refused to appoint a special counsel despite mounting evidence of influence peddling by the Biden family with Joe Biden as the object of those efforts.

Garland has effectively blocked the risk of a report on the extensive influence peddling, including the repeated references to President Biden as the “Big Guy” in emails who stood to gain from a 10 percent cut on a deal with a Chinese energy firm as well as other benefits. Emails also refer to Hunter Biden paying portions of his father’s expenses and taxes. Witnesses have come forward that directly link the President to these deals. Yet, none of that remotely interests reporters and MSNBC is not alone. The media continues to struggle to avoid even referencing the allegations against the Bidens. NPR had to correct a story that attempted to dismiss the entire laptop story as disinformation even after media acknowledged the authenticity of the laptop. This is why the narrow focus of the Justice Department is critical to imploding this scandal.

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“He said he had forgotten to discuss the matter with U.K. Prime Minister Rishi Sunak..”

• In London, Brazil’s Lula Calls For Efforts To Free Assange (ABC)

After attending the coronation of King Charles III in London, Brazil’s President Luiz Inácio Lula da Silva denounced the lack of concerted efforts to free WikiLeaks founder Julian Assange, who has spent four years in Britain’s Belmarsh Prison. “It is an embarrassment that a journalist who denounced trickery by one state against another is arrested, condemned to die in jail and we do nothing to free him. It’s a crazy thing,” Lula told reporters. “We talk about freedom of expression; the guy is in prison because he denounced wrongdoing. And the press doesn’t do anything in defense of this journalist. I can’t understand it.” Lula offered the remarks in response to a question about Assange, who is a native Australian. He said he had forgotten to discuss the matter with U.K. Prime Minister Rishi Sunak, but that he would write to him upon returning to Brazil.


Assange has been fighting extradition to the United States, and Lula’s comments come at a moment that he has shown little reluctance to voice his differences of opinion with Washington regarding geopolitical matters, particularly in his opposition to providing arms to Ukraine for its war against Russia, and accusing the US and Europe of encouraging the fighting. His stance and repeated statements have drawn sharp rebukes from the White House and Europe. For its part, Australia has been stepping up diplomatic pressure on the US government to call off its prosecution of Assange. On Friday, Australia’s Prime Minister Albanese told the Australian Broadcasting Corp. in an interview that “ enough is enough. There is nothing to be served by his ongoing incarceration.” Last November, Albanese told Parliament that his “position is clear and has been made clear to the U.S. administration: That it is time that this matter be brought to a close.”

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Badger

 

 

 

 

Manes
https://twitter.com/i/status/1654766110724734977

 

 

Baby shark
https://twitter.com/i/status/1654899065023283210

 

 

 

 

King
https://twitter.com/i/status/1654821347812585473

 

 

 

 

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Debt Rattle August 11 2020

Aug 112020
 
 August 11, 2020  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , , , , , ,  23 Responses »


Joan Miró Caballo, pipa y flor roja (Horse Pipe and Red Flower) 1920

 

• FBI Director Wray Subpoenad For All Records Related to Crossfire Hurricane (GP)
• Sen. Johnson Subpoenas FBI Director Wray, Puts Bidens On Notice (ZH)
• House Will Be Out Of Session For Additional Week In September (Hill)
• Schumer Says Democrats Ready For Coronavirus Aid Talks, If Republicans Move (R.)
• MSNBC Public Editor Pekary: A Strained Symbiosis With Obama (CJR)
• US Demands Hong Kong Exports To US Be Relabelled ‘Made in China’ (SCMP)
• No, Americans Aren’t Suddenly Flying Again, Despite What the Media Says (WS)
• Let The Dogs Out (Jim Kunstler)
• Seattle City Council Approves Millions In Police Budget Cuts (JTN)
• Lebanon PM, President Were Warned About 2,750 Tonnes Of Ammonium Nitrate (R.)
• US Special Forces Active in 22 African Countries (MPN)
• Libya Begins Negotiations With Greece To Demarcate Maritime Borders (LibyaR.)
• Greece Armed Forces Placed On High Alert (K.)

 

 

You keep going with these numbers like this, and you might just turn me into an optimist!

The discovery of “SARS-CoV-2 S-reactive antibodies in uninfected individuals, particularly prevalent in children and adolescents”, could well do the rest.

 

 

 

 

 

 

 

 

 

 

Mostly for the doctors amongst us (let’s hear you!), but a bit of good news for everyone:

“SARS-CoV-2 S-reactive antibodies were readily detectable [..] in SARS-CoV-2-uninfected individuals and were particularly prevalent in children and adolescents.”

• Pre-Existing And De Novo Humoral Immunity To SARS-CoV-2 In Humans (Biorxiv)

Several related human coronaviruses (HCoVs) are endemic in the human population, causing mild respiratory infections1. Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), the etiologic agent of Coronavirus disease 2019 (COVID-19), is a recent zoonotic infection that has quickly reached pandemic proportions2,3. Zoonotic introduction of novel coronaviruses is thought to occur in the absence of pre-existing immunity in the target human population. Using diverse assays for detection of antibodies reactive with the SARS-CoV-2 spike (S) glycoprotein, we demonstrate the presence of pre-existing humoral immunity in uninfected and unexposed humans to the new coronavirus.

SARS-CoV-2 S-reactive antibodies were readily detectable by a sensitive flow cytometry-based method in SARS-CoV-2-uninfected individuals and were particularly prevalent in children and adolescents. These were predominantly of the IgG class and targeted the S2 subunit. In contrast, SARS-CoV-2 infection induced higher titres of SARS-CoV-2 S-reactive IgG antibodies, targeting both the S1 and S2 subunits, as well as concomitant IgM and IgA antibodies, lasting throughout the observation period of 6 weeks since symptoms onset.

SARS-CoV-2-uninfected donor sera also variably reacted with SARS-CoV-2 S and nucleoprotein (N), but not with the S1 subunit or the receptor binding domain (RBD) of S on standard enzyme immunoassays. Notably, SARS-CoV-2-uninfected donor sera exhibited specific neutralising activity against SARS-CoV-2 and SARS-CoV-2 S pseudotypes, according to levels of SARS-CoV-2 S-binding IgG and with efficiencies comparable to those of COVID-19 patient sera. Distinguishing pre-existing and de novo antibody responses to SARS-CoV-2 will be critical for our understanding of susceptibility to and the natural course of SARS-CoV-2 infection.

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“..Crossfire Hurricane was a scam, based on absurd gossip and innuendo. This document is Exhibit A to Obamagate, the worst corruption scandal in American history.”

• FBI Director Wray Subpoenad For All Records Related to Crossfire Hurricane (GP)

Senator Ron Johnson (R-WI) FINALLY subpoenaed FBI Director Christopher Wray for all records related to the bureau’s CI investigation into the 2016 Trump campaign dubbed “Crossfire Hurricane.” The subpoena, which was issued on August 6, demands Wray appear before the Homeland Security and Governmental Affairs Committee by August 20 with all documents related to the Crossfire Hurricane investigation. In July of 2016, Peter Strzok opened a counterintel investigation into Trump’s camp dubbed “Crossfire Hurricane” on suspicions (based on no evidence) that the Russians had infiltrated Trump’s circle. The “electronic communication” that launched Crossfire Hurricane was written by Peter Strzok and obtained by Judicial Watch in May of this year as the result of a FOIA lawsuit.

The EC reveals Peter Strzok opened Crossfire Hurricane based on third-hand information that the Russian government “had been seeking prominent members of the Donald Trump campaign in which to engage to prepare for potential post-election relations should Trump be elected U.S. President.” Peter Strzok also alleged Trump campaign foreign policy advisor George Papadopoulos claimed to an unnamed individual that “they (the Russians) could assist the Trump campaign with the anonymous release of information during the campaign that would be damaging to Hillary Clinton.” Republican lawmakers have asked why documents related to Crossfire Hurricane have been kept secret for so many years.

Judicial Watch president Tom Fitton said its because the Obama Admin had no basis for opening the investigation. “No wonder the DOJ and FBI resisted the public release of this infamous ‘electronic communication’ that ‘opened’ Crossfire Hurricane – it shows there was no serious basis for the Obama administration to launch an unprecedented spy operation on the Trump campaign,” Judicial Watch President Tom Fitton previously stated. “We now have more proof that Crossfire Hurricane was a scam, based on absurd gossip and innuendo. This document is Exhibit A to Obamagate, the worst corruption scandal in American history.”

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Maybe that basement is soundproof, and he can’t hear you.

• Sen. Johnson Subpoenas FBI Director Wray, Puts Bidens On Notice (ZH)

FBI Director Christopher Wray has been subpoenaed by the Senate Committee on Homeland Security and Governmental Affairs to produce “all documents related to the Crossfire Hurricane Investigation,” which includes “all records provided or made available to the Inspector General” regarding the FISA probe, as well as documents regarding the 2016-2017 presidential transition, according to Politico. The subpoena was issued by Sen. Ron Johnson (R-WI) as part of his investigation into the origins of Russiagate. It gives Wray until 5 p.m. on Aug. 20 to produce the documents. Johnson also released a lengthy letter on Monday in which he defended his Committee’s investigation and accused Democrats of initiating “a coordinated disinformation campaign and effort to personally attack” himself and Sen. Chuck Grassley (R-IA) in order to distract from evidence his committee has gathered on Joe and Hunter Biden’s Ukraine dealings.

“We didn’t target Joe and Hunter Biden for investigation; their previous actions had put them in the middle of it,” reads the Monday letter, which outlines the timeline and connections between Joe Biden’s policy actions in Ukraine and his son Hunter’s relationship with Burisma Holdings, a Ukrainian natural gas company, according to Just The News. “Many in the media, in an ongoing attempt to provide cover for former Vice President Biden, continue to repeat the mantra that there is ‘no evidence of wrongdoing or illegal activity’ related to Hunter Biden’s position on Burisma’s board,” wrote Johnson. “I could not disagree more.”

Johnson noted evidence gathered by his committee showed Joe Biden met with his son’s business partner, Devon Archer, in April 2014 and within a month the vice president then visited Ukraine and both his son Hunter and the business partner were put on the Burisma board as the firm faced multiple corruption investigations. “Isn’t it obvious what message Hunter’s position on Burisma’s board sent to Ukrainian officials?” Johnson asked. “The answer: If you want U.S. support, don’t touch Burisma. It also raised a host of questions, including: 1) How could former Vice President Biden look any Ukrainian official (or any other world leader) in the face and demand action to fight corruption? 2) Did this glaring conflict of interest affect the work and efforts of other U.S. officials who worked on anti-corruption measures?” -Just The News

Johnson also denied that he had been on contact with, or received documents from, Russian-tied Ukrainians. “The only problem with their overblown handwringing is that they all knew full well that we have been briefed repeatedly, and we had already told them that we had NOT received the alleged Russian disinformation,” wrote Johnson. “The very transparent goal of their own disinformation campaign and feigned concern is to attack our character in order to marginalize the eventual findings of our investigation.”

Read more …

What? They’re going campaigning in COVID time? And what’s even better, they are, but Biden is not?

There are 19 weeks left in the year. House members will only be in Washington for 6 of them.

• House Will Be Out Of Session For Additional Week In September (Hill)

House Majority Leader Steny Hoyer (D-Md.) announced Monday that the chamber won’t be called back into session until the week of Sept. 14, giving members an additional week in their districts next month. Lawmakers have been advised that they could be called back before then if there’s a deal on coronavirus-relief legislation. He said they would given 24 hours notice in the event of a vote. The House was previously scheduled to be back in session Sept. 8. Monday’s announcement gives incumbents more time to campaign in their districts ahead of November’s election. If lawmakers don’t return until mid-September, they’ll face a tight deadline to pass government funding legislation by Sept. 30 to avert a shutdown. Under the new schedule, House lawmakers will only be in Washington for six weeks through the end of the calendar year.

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Everyone’s ready as long as the other side moves first so they themselves don’t lose face. It’s a game, and not a very uplifting one.

• Schumer Says Democrats Ready For Coronavirus Aid Talks, If Republicans Move (R.)

U.S. Senate Democratic leader Chuck Schumer said on Monday that Democrats are ready to return to the negotiating table over coronavirus relief, if Republicans would agree to a larger bill than they have been willing to accept up to now. “Democrats remain ready to return to the table. We need our Republicans to join us there and meet us half way and work together to deliver immediate relief to the American people,” Schumer said on the Senate floor. Last week, Schumer used similar language to urge White House negotiators to agree to a legislative package at least $1 trillion larger than the $1 trillion bill that Senate Republicans have already proposed. The White House rejected the offer, ending nearly two weeks of almost daily negotiations.

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“A less corrupt, less wealth-enslaved, less warmongering Democratic Party—a party that had paid more than lip service to the needs of working people over the previous eight years—would have walked away with the 2016 election.”

• MSNBC Public Editor Pekary: A Strained Symbiosis With Obama (CJR)

Barack Obama and MSNBC have a lot in common. They are rich, sleek, and corporate-friendly. They staff their organizations with urbane meritocrats. Both institutions rely on a kind of soft-focus patriotism that stops shy of nationalism—an American-exceptionalist-lite rhetoric that takes refuge in hope and in appeals to “who we are,” among other superficial aspirational slogans. Consequently, it’s no surprise that Obama meets with little criticism on MSNBC. The alignment isn’t merely political; it’s aesthetic, generational, and class-based. Reverence for Obama is by now the network’s stock-in-trade. It has never critically assessed his presidency.

[..] The Obama brand is appealing, especially in comparison with the current president. Obama is everything that Trump is not: handsome, well read, reasonable-seeming, beautifully turned out; even today, the sight of Obama on television is enough to persuade people that things are still halfway okay. Sadly, however, things are really not all that okay. I’d like to believe the highly artificialized vision of the world that television conjures up in order to seduce, titillate, and comfort the maximum number of people. But how well does the glossy, TV-friendly facade serve the needs of the network’s viewers? Not very, according to former MSNBC producer Ariana Pekary, who quit her job some days ago in an apparent crisis of conscience.

Pekary wrote a much-circulated blog post about her decision to quit the network in early August, calling the cable news obsession with ratings “a cancer” that stokes political division by amplifying the most outrageous voices. The ratings obsession risks lives, she said, by focusing on Trump’s failures in the pandemic, in preference to vital scientific and epidemiological news; it risks democracy itself, by allowing Trump’s excesses to dominate coverage, in preference to intelligent and serious discussion of the threats our society and our world are facing. All of this is true, and worth thinking about, but MSNBC’s coverage demonstrates something subtler and farther-reaching still. Though Pekary was held up by right-wing media as a critic of MSNBC particularly, her concerns were economic, not ideological. “The flawed structure of the industry,” she said, “affects everyone.”

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Even if opinions are divided on this, at least the direction is clear. Endless talks have provided too little result.

• US Demands Hong Kong Exports To US Be Relabelled ‘Made in China’ (SCMP)

Goods made in Hong Kong for export to the United States will have to be labelled “Made in China” after September 25, according to a draft US government notice. The move, in accordance with the suspension of the Hong Kong Policy Act of 1992 and the invoking of US President Donald Trump’s executive order on “Hong Kong Normalisation”, will see Hong Kong companies subjected to the same trade war tariffs levied on mainland Chinese exporters, should they make products subject to these duties. A notice will be published on the US Federal Register on August 11, stipulating that “45 days after the date of publication”, goods “must be marked to indicate that their origin is ‘China’”. The move is “due to the determination that Hong Kong is no longer sufficiently autonomous to justify differential treatment in relation to China”.


The confirmation of a move implied by Trump’s previous legislation is another blow to Hong Kong’s struggling economy and to the high-value, if low-volume base of exporters in the city. Goods that fail to comply will face a punitive 10 per cent duty at US ports. Hong Kong has a higher trade deficit with the US than with any other economy, though this dropped by 16 per cent last year to US$26 billion. From January to May this year, Hong Kong’s exports to the US fell by 22.3 per cent in volume from a year earlier. Hong Kong is much more significant as a re-export hub than a direct trading hub in its own right. Its economy is a much different beast than in the 1970s and ’80s, when it was a manufacturing stronghold. Now, only 1 per cent of goods shipped from Hong Kong are made in the city, which instead serves as a logistical gateway to mainland China for both goods made there and going there.

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Between all the work from home scheduled, and the holidays by car, you have to wonder where airlines will be a year from now.

• No, Americans Aren’t Suddenly Flying Again, Despite What the Media Says (WS)

The best day – meaning the least catastrophically worst day – in terms of air passengers entering to security zones at airports to board flights during the Pandemic wasn’t yesterday, as the financial media wanted to have us think, but July 2, when the count of TSA airport security screenings was down by only -63.4% from the same weekday in the same week last year, and on July 3, when the count was down by only -67.1% from a year earlier. That was over the extended Independence Day travel weekend. Now it’s peak summer travel season. Yesterday’s TSA screenings – Sunday being a peak travel day – reached 831,789, the highest during the Pandemic. But it’s peak travel season and Sunday is one of the peak travel days, so last year on that Sunday, the TSA performed 2.65 million screenings, and this Sunday’s was down by -68.6% from Sunday a year ago. And the year-over-year decline has remained roughly in the same range since the beginning of July:

People are traveling to go on vacation. But they’re driving. All kinds of lodgings near or in national parks are booked. People want to get out and do stuff, and they have the stimulus money and the extra $600 a week in federal unemployment insurance. Early indications are that they’re driving more for vacation purposes than they did last year. That’s the big thing. But flying is still an iffy proposition for most people. The seven-day moving average of the daily TSA screenings, which irons out the day-to-day ups and downs, has remained about the same since its best days since the beginning of July – “best” meaning least catastrophically down days. This indicates that the recovery of passenger volume has stalled since the beginning of July and is still terrible, terrible, terrible for the airlines:

Nevertheless, this situation caused the financial media to hyperventilate in an effort to pump up the shares. For example, CNBC reported breathlessly:

No capital-intensive business, such as an airline, can survive for long with roughly three-quarters of its business wiped out overnight, unless it undertakes a large-scale trimming-down, and unless it gets lots of financial help from all corners, including central banks and taxpayers. And that’s happening with airlines. That’s the part in CNBC’s headline that nailed it: Another $25 billion bailout has been tucked into the next stimulus package. It comes on top of the prior $25 billion in bailouts, mostly grants, that were designed to preserve airline jobs until September 30. Airlines have since told over 70,000 employees that they could lose their jobs after the deadline, and have incentivized them to leave voluntarily before the deadline, using a range of incentives, from buyout packages to early retirements.


Today, the WOLF STREET airline index of the seven largest US airlines – Alaska, American, Delta, JetBlue, Southwest, Spirit, and United – jumped 7.0%. Since word of the second $25 billion bailout package started circulating last Monday, the index has surged 15.7%. But it’s still down 44% from the end of the Good Times in mid-January 2020, and down a whole bunch more since January 2018. That 15.7% gain since last Monday is the little thing sticking up on the right of the chart (market cap data via YCharts):

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“..America unleashes its dogs of war upon itself…”

• Let The Dogs Out (Jim Kunstler)

Attorney General Barr sat through a leisurely chat with Mark Levin on TV last night, a curious hour of understatement and elision, especially concerning the momentous matter of US Attorney John Durham’s way-overdue actions in the Russia Collusion hoax. Mr. Levin dropped the ball so many times in his questioning that it seemed deliberate — for instance failing to ask whether Mr. Barr had detected any prosecutorial misconduct in the pursuit of General Michael Flynn. There’s plenty of reason to suppose that Robert Mueller’s lawyers royally misbehaved in that case, colluding with FBI director Christopher Wray to withhold a ton of exculpatory evidence even to this day.

There are plenty more reasons to suppose that the entire Mueller investigation was a knowing, seditious sham, and that several of his “team” members — e.g. Andrew Weissmann, Jeannie Rhee, Brandon Van Grack, Zainab Ahmad, Aaron Zebley, plus US Attorney Tanisha Guahar, and possibly Mr. Mueller himself — deserve to be indicted for their efforts to overthrow a president. (And, of course, there’s a long list of other now well-known characters in the DOJ, FBI, CIA, and other festering places who played roles in Coup-O-Rama).

Speaking of General Flynn, his mandamus petition comes before an en banc session of the DC Court of Appeals on Tuesday. It’s hard to see how they can get around their earlier three-judge panel’s order under a mandamus petition for DC District Judge Emmet Sullivan to vacate the case, as now demanded by the federal prosecutors who brought it in the first place. We won’t rehearse the tedious legal arguments, except to say that where there is no prosecution, there is no case, and Judge Sullivan has no standing to act as prosecutor himself under the separation of powers in the constitution. But in these dark days of a weaponized judiciary, with its Lawfare henchmen grubbing away in the shadows, there’s no telling what bad faith gears may be turning in that mill.

So, buckle up for what, all of a sudden, looks like an action-packed week. Lay in some tonic water and gin for both Covid-19 relief and some self-prescribed anesthesia as America unleashes its dogs of war upon itself.

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I don’t know enough about how police are funded across the US. It appears to be a cesspool with many different faces.

• Seattle City Council Approves Millions In Police Budget Cuts (JTN)

In the state of Washington the Seattle City Council on Monday approved millions of dollars in police budget cuts. “Total initial cuts to SPD’s budget during the summer session are a down-payment for future potential reductions to the SPD budget. These reductions equate to nearly $4 million in cuts, which actualized over a year will equate to an estimated $11 million,” according to a release. “Cut 32 officers from patrol,” is one of the multiple funding decreases listed. Self-described socialist council member Kshama Sawant, who blasted the city’s budgetary maneuvering, which included other moves in addition to the police funding decreases, said that the police budget cuts were not nearly large enough.


“This budget fails to address the systemic racism of policing, trimming only $3 million from the bloated department’s remaining 2020 budget of $170 million just weeks after 6 of the 8 other Councilmembers publicly declared they would support defunding SPD by 50 percent, as our Peoples Budget and the Justice for George Floyd movement have demanded” Sawant said in the statement.

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No wonder they resign en masse.

• Lebanon PM, President Were Warned About 2,750 Tonnes Of Ammonium Nitrate (R.)

Lebanese security officials warned the prime minister and president last month that 2,750 tonnes of ammonium nitrate stored in Beirut’s port posed a security risk and could destroy the capital if it exploded, according to documents seen by Reuters and senior security sources. Just over two weeks later, the industrial chemicals exploded in a massive blast that obliterated most of the port, killed at least 163 people, injured 6,000 more and destroyed some 6,000 buildings, according to municipal authorities. A report by the General Directorate of State Security about events leading up to the explosion included a reference to a private letter sent to President Michel Aoun and Prime Minister Hassan Diab on July 20.


While the content of the letter was not in the report seen by Reuters, a senior security official said it summed up the findings of a judicial investigation launched in January, which concluded the chemicals needed to be secured immediately. The state security report, which confirmed the correspondence to the president and the prime minister, has not previously been reported. “There was a danger that this material if stolen, could be used in a terrorist attack,” the official told Reuters. “At the end of the investigation, Prosecutor General (Ghassan) Oweidat prepared a final report which was sent to the authorities,” he said, referring to the letter sent to the prime minister and president by the General Directorate of State Security, which oversees port security. “I warned them that this could destroy Beirut if it exploded,” said the official, who was involved in writing the letter and declined to be named.

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So does China. And France is going back in.

• US Special Forces Active in 22 African Countries (MPN)

A new report published in South African newspaper The Mail and Guardian has shed light on the opaque world of the American military presence in Africa. Last year, elite U.S. Special Operations forces were active in 22 African countries. This accounts for 14 percent of all American commandos deployed overseas, the largest number for any region besides the Middle East. American troops had also seen combat in 13 African nations. The U.S. is not formally at war with an African nation, and the continent is barely discussed in reference to American exploits around the globe. Therefore, when U.S. operatives die in Africa, as happened in Niger, Mali, and Somalia in 2018, the response from the public, and even from the media is often “why are American soldiers there in the first place?”

The presence of the U.S. military, especially commandos, is rarely publicly acknowledged, either by Washington or by African governments. What they are doing remains even more opaque. U.S. Africa Command (AFRICOM) generally claims that special forces go no further than so-called “AAA” (advise, assist and accompany) missions. Yet in combat, the role between observer and participant can become distinctly blurry. The United States has roughly 6,000 military personnel scattered throughout the continent, with military attachés outnumbering diplomats in many embassies across Africa. Earlier this year, The Intercept reported that the military operates 29 bases on the continent. One of these is a huge drone hub in Niger, something The Hill called “the largest U.S. Air Force-led construction project of all time.”

[..][ Washington claims that the military’s primary role in the region is to combat the rise of extremist forces. In recent years, a number of Jihadist groups have arisen, including Al-Shabaab, Boko Haram, and other al-Qaeda affiliated groups. However, much of the reason for their rise can be traced back to previous American actions, including the destabilization of Yemen, Somalia, and the overthrow of Colonel Gaddafi in Libya. It is also clear that the United States plays a key role in training many nations’ soldiers and security forces. For example, the U.S. pays Bancroft International, a private military contractor, to train elite Somali units who are at the forefront of the fighting in the country’s internal conflicts. According to The Mail and Guardian, these Somali fighters are likely also funded by the U.S. taxpayer.

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This is all about Turkey. Greece already has a new deal with Egypt on maritime borders. Turkey is seeking to claim a lot of area in the region.

• Libya Begins Negotiations With Greece To Demarcate Maritime Borders (LibyaR.)

Libya’s Interim Government’s Foreign Minister, Abdul-Hadi Al-Hawaij, revealed that his ministry has held talks with its Greek counterpart. Both Libya and Greece agreed to begin negotiations to demarcate their maritime borders, as well as discuss a number of issues between the two countries. Al-Hawaij noted that Libya welcomes a solution through Article 74 of the Law of the Sea, relating to solutions based on agreements and good-neighbourliness. The Libyan FM welcomed the agreement demarcating the maritime borders between Egypt and Greece. He stressed that Libya welcomes any agreement that is in line with the UN’s Law of the Sea and which preserves the rights of Libyans.


He pointed out that the visits of the Libyan Speaker of Parliament, Ageela Saleh, to a number of countries was meant to clarify the Libyan-Egyptian political initiative. The Speaker claimed that the Libyan people were exhausted from the presence of the Government of National Accord (GNA) in Tripoli. “One of the most significant conditions for consensus among Libyans is to push the Turkish intervention in the country away, and leave the matter for Libyans to address the crisis”, he added. Al-Hawaij called on Libyans to end the use of force, and to diminish the power of militias. He stressed that the international community was managing the crisis, and not trying to solve it. He pointed out that Libyans were able to establish a leadership in 1922, in similar circumstances in the city of Sirte, and could be able to do so again.

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This is serious. The Turkish lira is under severe stress; the central bank tried to support it by buying lira with its dollar reserves two weeks ago, but that failed, and now it has no dollars left. This could be very bad for Erdogan, who will go for support among patriots, muslims (re: Hagia Sophia). Prediction: Greece will not give in.

• Greece Armed Forces Placed On High Alert (K.)

Greece was placed on high alert Monday after Turkey sent its Oruc Reis survey ship into an area within the Greek continental shelf, a move which Athens described as a threat to peace and stability in the region. According to a navigational telex it issued, Ankara reserved an area south of the Greek island of Kastellorizo to conduct research over the next two weeks. In response, Greece’s armed forces were placed in a state of absolute readiness, with units of the Hellenic Navy and Air Force deployed in the wider sea area where the Turkish research was expected. When the Oruc Reis accompanied by ships of the Turkish Navy entered the Greek continental shelf, Greek warships sent messages at a frequency of about 15 minutes requesting the vessel’s removal from the area.

The messages went unanswered by the vessel which, however, moving at a low speed – similar to that appropriate for a search process – had prepared cables to lower to the seabed in order to proceed with research activities in the area. However, according to sources, exploratory activities were rendered impossible due to the noise caused by the many naval units sailing in the area. This is because exploration of this sort entails the transmission of data from the seabed and the noise of the ships made this transmission impossible. In Athens, an emergency meeting of the country’s top decision-making body on foreign affairs and defense matters, KYSEA, was convened. Foreign Minister Nikos Dendias issued a stern statement calling on Turkey to “immediately end its illegal actions that undermine peace and security in the region.”

He added that the Turkish navtex “is a new serious escalation and exposes in the most obvious way the destabilizing and threatening role of Turkey.” “Greece will not accept any blackmail. It will defend its sovereignty and sovereign rights,” he said.

Read more …

 

 

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Full Moon Aug 3, Astypalea Island, Greece. Photo George Tsitouras.

 

 

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Debt Rattle February 19 2020

Feb 192020
 
 February 19, 2020  Posted by at 9:33 am Finance Tagged with: , , , , , , , , , , , , ,  22 Responses »


Arthur Siegel Bethlehem-Fairfield shipyards, Baltimore, Maryland. Liberty ship construction. Welding on a hatch assembly at night. 1943

 

• Elderly Guests Leave First As Diamond Princess Quarantine Ends In Japan (SCMP)
• Japan Releases First 500 ‘Diamond Princess’ Passengers (ZH)
• Coronavirus Up To 20 Times More Likely Than Sars To Bind To Human Cells (SCMP)
• Russia To Ban Entry Of Chinese Nationals To Halt Virus (AP)
• Foreign Pilots At Chinese Airlines Return Home On Unpaid Leave (R.)
• Xi Jinping, Under Fire From Virus Outbreak, Also Faces Economic Crisis (CNBC)
• Trump Commutes Prison Sentence Of Rod Blagojevich (AP)
• Fox Has Been “More Fair”: Why Bernie’s Team Has Had It With MSNBC (VF)
• The Magic Of Retirement Is Gone (Alhambra)
• Boeing Finds Debris In Fuel Tanks Of Undelivered 737 MAX Planes (CNBC)
• After Learning Of Whitey Bulger LSD Tests, Juror Has Regrets (AP)
• EU To Unveil Plans To Boost European Firms, Rein In US Tech Giants (R.)
• Britain’s Row With Greece Over Treasures Spills Into Brexit Tensions (R.)
• Religion is a Repeating Chapter in the History of Politics (CP)

 

 

• Cases 73,433 75,197 (+ 1,764 from yesterday)

• Deaths 2,010 (+ 137 from yesterday)

• Second death in Hong Kong

 

 

 

How old do you have to be to count among the “elderly” on a cruise ship?

• Elderly Guests Leave First As Diamond Princess Quarantine Ends In Japan (SCMP)

Passengers on the Diamond Princess cruise ship on Wednesday began disembarking after a controversial two-week quarantine period in Yokohama that raised questions about the Japanese government’s response to the coronavirus outbreak. The disembarkation of nearly 3,000 people was expected to take three days at least, according to the government. In the first group, some 500 mainly elderly passengers who have tested negative for the virus will leave the ship after final check-ups with doctors. The cruise ship was initially carrying about 3,700 passengers and crew from more than 50 countries and regions. The number of cases confirmed on board increased day by day, reaching 542 on Tuesday.


Those found to be infected with the pneumonia-causing virus have been transported to medical facilities. Test samples have now been collected from all passengers, the health ministry said. Disembarking passengers will be transported to Yokohama and other train stations in the area. Those who have had close contact with infected people on the ship will be kept on board for the time being for further monitoring even though they have tested negative. The ship’s operator will decide when crew who have not been infected will leave the ship, according to the ministry. With some passengers planning to stay on the ship it was unclear when their quarantines would end.

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“..it was a mess on board, and the mess is now moving off board..”

• Japan Releases First 500 ‘Diamond Princess’ Passengers (ZH)

Japanese health authorities are beginning the process of offloading the remaining 2,000+ passengers and crew aboard the ‘Diamond Princess’, a ship that has been under quarantine for 14 days. The offloading will take place in phases over three days, finally wrapping up on Friday. The first 500 people are set to leave at around 10:30 am Tokyo time on Wednesday. There will be no preference given to different nationalities, according to Japan’s Ministry of Health. Many who depart will be subject to another 14 days of quarantine, including any Americans who elected to stay on the ship instead of traveling back to the US on the evac flight. Roughly 40 Americans were also excluded from that flight because they were being treated for the virus in a Japanese hospital.

So far, 542 people – including at least 14 of the 300 or so Americans who traveled back to the US on Monday in Japan – have tested positive for the virus. And while Japan says it has tested everybody aboard, doctors and experts say there’s no way to certain that people being released won’t be carrying the virus – hence the quarantines when they return home. But where will they go between now and then? And with no immediate after-care plans – at least none that have been publicly disclosed, it looks like Japan is about to set thousands of people aboard the most infected environment outside China loose in Tokyo. Of course, Japanese authorities are so paranoid about the Olympics, one would think they would be doing everything in their power to stop an outbreak in Tokyo, especially at such a sensitive time.

About 500 people are set to leave the ship from around 10:30 a.m. Tokyo time on Wednesday, with no preference given to any particular nationality, Japan’s Health Ministry said. Hopefully, health officials will manage to convince the world that they successfully screened for the virus. The ship was first quarantined on Feb. 5 more than a week after a man who tested positive for the virus in Hong Kong disembarked. Journalists have shared stories of desperation and paranoia from those trapped on the ship, making it sound like such a nightmare that many who read those stories may never want to travel on a cruise.

In other news, Yonhap reported minutes ago that South Korea has another 15 cases, increasing the countries total by roughly one-third to 46 one day after the country’s president warned of an “economic emergency” as companies like Hyundai suffer from supply shortages from China. The South Korean government has already announced a fiscal stimulus package to help companies hurt by the virus.

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ACE2, the receptor much more common among Asian people.

• Coronavirus Up To 20 Times More Likely Than Sars To Bind To Human Cells (SCMP)

The deadly new coronavirus is up to 20 times more likely to bind to human cell receptors and cause infection than severe acute respiratory syndrome (Sars), a new study by researchers at the University of Texas at Austin has found. The novel coronavirus and Sars share the same functional host-cell receptor, called angiotensin-converting enzyme 2 (ACE2). The report, published on the website bioRxiv on Saturday, said the new coronavirus had around 10 to 20-fold higher affinity – the degree to which a substance tends to combine with another – for human ACE2 compared with Sars. But the researchers added that further studies were needed to explore the human host-cell receptor’s role in helping the new virus to spread from person to person.

“Compared with SARS-CoV, 2019-nCoV appears to be more readily transmitted from human to human,” the report of the study said. “The high affinity of 2019-nCoV S for human ACE2 may contribute to the apparent ease with which 2019-nCoV can spread from human to human.” The disease caused by the new coronavirus, which the World Health Organisation (WHO) has named Covid-19, has killed more than 1,800 people and infected over 70,000 worldwide. The number of Covid-19 deaths is more than double the global figure of 813 attributed by the WHO to the Sars epidemic of 2002-03.

The new study found that although the novel coronavirus’ receptor-binding domain (RBD) had a relatively similar structure to that of Sars, it did not have appreciable binding to three published Sars RBD-specific monoclonal antibodies (mAbs), which are copies of one type of antibody used to neutralise pathogens. The researchers said this suggested antibody cross-reactivity – the extent to which different antigens appear similar to the immune system – may be limited between the two virus RBDs, meaning Sars-directed mAbs will not necessarily work against the new virus.Instead, they identified the spike protein of coronaviruses, which is essential to gain entry into host cells during the infection process, as the most important target for vaccines, therapeutic antibodies and diagnostics.

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How long before the rest of the world follows?

• Russia To Ban Entry Of Chinese Nationals To Halt Virus (AP)

Russia will temporarily ban Chinese nationals from entering the country due to the virus outbreak centered in China that has infected more than 73,000 people worldwide, Russian authorities said Tuesday. The entry ban goes into effect Thursday at midnight Moscow time (2100 GMT) for an indefinite period, according to a decree signed by Russian Prime Minister Mikhail Mishustin. The government said it took the move due to the “worsening epidemiological situation” in China. Russia already had cut off most Chinese visitors by closing the long land border with China and Mongolia and imposing other travel restrictions. The new entry ban won’t affect travelers who need to transfer flights at Russian airports, authorities said.


So far, Russia has had only three confirmed cases of the COVID-19 disease caused by the virus — two Chinese citizens who were treated and released, and a Russian national infected on the Diamond Princess cruise ship now quarantined in Japan. However, Russian authorities have taken significant steps to try to keep the virus from spreading, including hospitalizing hundreds of people as a precaution after they returned from China. Russia halted most air traffic to China, suspended all trains to China and North Korea, and temporarily stopped issuing work visas to Chinese citizens. Chinese students studying in Russia were told not to return until March 1.

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Perspective: 1,500 foreign pilots in 2019, double from 2010. In next 20 years, 6,000 pilots needed every year. Guess they won’t be foreigners.

• Foreign Pilots At Chinese Airlines Return Home On Unpaid Leave (R.)

Foreign pilots at some Chinese airlines have returned to their home countries and are considering other jobs after being placed on unpaid leave as demand falls because of the coronavirus, affected flight crew told Reuters. Meanwhile, Chinese pilots with greater job security said their income has been sharply reduced because most of their pay is based on flying hours. Data firm OAG estimates about 80% of scheduled airline capacity to, from and within China has been cut this week because of SARS-CoV-2, the virus that has killed more than 2,000 people. Chinese airlines have been the hardest hit. Major employers of foreign pilots, including China Southern Airlines and HNA Group’s Hainan Airlines, have acted swiftly to cut their losses, according to pilots and industry experts.

“All the foreign pilots are on leave until the virus situation gets better,” said an expatriate captain at China Southern who, like all of those who spoke to Reuters, requested anonymity because he was not authorized to speak with media. “For the moment we are all in our home countries.” Expats are typically paid more than local staff and work on contracts, which means they are more expendable in a downturn, industry experts said. “We have seen pilots heading back to Australia in January and February due to the stand down and seeking new roles,” said Kirsty Ferguson, the head of Sydney-based airline interview coaching firm Pinstripe Solutions.

[..] the number of foreign pilots flying with Chinese airlines more than doubled to over 1,500 between 2010 and 2019, according the Civil Aviation Administration of China. China will need another 124,000 pilots in the next 20 years, according to Boeing, as an expanding middle class drives demand for air travel. But foreign pilots said being put on leave without pay makes it less likely they’ll return when demand recovers.

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Simple really: companies have a few weeks supplies and parts in stock. Then chains start to break.

• Xi Jinping, Under Fire From Virus Outbreak, Also Faces Economic Crisis (CNBC)

Already under heavy fire as the coronavirus outbreak shutters factories, disrupts supply chains and is set to shock China’s already-slowing economy, Chinese President Xi Jinping, it seems, is also under pressure to still deliver the country’s promised growth. In a speech delivered Feb. 3 and released over the weekend, Xi said: “Currently, we still have to deliver this year’s economic and social targets.” Last year, China’s growth dropped to its slowest pace in nearly three decades. Xi, according to a translation of his remarks, said those tasks must still be “done well,” with a message for provinces — other than those most severely affected by the outbreak — to keep a balancing act: Control the epidemic, but make sure they are fulfilling reform and development goals.

The Chinese government could face an “economic crisis” if the outbreak doesn’t abate, The Economist Intelligence Unit (EIU) wrote in a note last Friday, before the Xi speech was published. Public frustration could “escalate dangerously” if the outbreak proves to be uncontrollable by the end of March, EIU wrote. It said the economic costs of China’s shutdown as it seeks to contain the epidemic will be apparent at that point. “At that point, the central authorities will not have room to pin the blame on local officials, given that they will have been directing the crisis response for longer than two months,” the EIU note said, adding it could be why Xi is now taking “more personal control” over the crisis.

Earlier this month, over half of China extended shutdowns to contain the outbreak. Last year, those parts of China accounted for more than 80% of national GDP and 90% of exports. That disruption of the world’s manufacturing hub has severely hit supply chains globally, with companies still dealing with the fallout. As China struggles to get back on its feet, with factories starting to reopen and workers trickling back, progress is slow. Returning workers need to follow quarantine orders, meaning factories are still operating at limited capacity. “Many smaller companies have stated that they will not be able to survive beyond the first quarter of the year in the current business climate,” the EIU wrote. “Besides a health crisis, the authorities could face an economic crisis, with implications for incomes and jobs.”

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Throwing in Blagojevich with Stone, Flynn, Manafort. Hmmm.

• Trump Commutes Prison Sentence Of Rod Blagojevich (AP)

U.S. President Donald Trump has gone on a clemency blitz, commuting what he called a “ridiculous” 14-year prison sentence for former Illinois Governor Rod Blagojevich and pardoning former New York Police Department commissioner Bernie Kerik, among a long list of others. Others who got a break from Mr. Trump include financier Michael Milken, who served two years in prison in the early 1990s after pleading guilty to violating U.S. securities laws, and Edward DeBartolo Jr., the former San Francisco 49ers owner convicted in a gambling fraud scandal after building one of the most successful NFL teams in history.

In all, Mr. Trump took clemency actions related to 11 people, his latest interventions in the justice system as he is under growing fire for weighing in on the cases of former aides. Mr. Trump made clear that he saw similarities between efforts to investigate his own conduct and those who took down Mr. Blagojevich, a Democrat who appeared on Mr. Trump’s reality TV show, Celebrity Apprentice. “It was a prosecution by the same people – Comey, Fitzpatrick, the same group,” Mr. Trump said. He was referring to Patrick Fitzgerald, the former U.S. lawyer who prosecuted Mr. Blagojevich and now represents former FBI Director James Comey, whom Mr. Trump fired from the agency in May, 2017.

[..] Mr. Trump said he had yet to think about pardoning his long-time confidant Roger Stone, who is scheduled to be sentenced Thursday, or granting clemency to several former aides who have ended up in legal jeopardy, including his former campaign manager Paul Manafort and disgraced former national security adviser Mike Flynn. “Somebody has to stick up for the people,” Mr. Trump said. As for Mr. Stone, in particular, he added: You’re going to see what happens. I think he’s treated unfairly.”

Read more …

Their approach to Bernie is similar to that of Trump. But Bernie picks their side when it comes to the latter. That’s his main blind spot: Trump and Russia.

• Fox Has Been “More Fair”: Why Bernie’s Team Has Had It With MSNBC (VF)

Faiz Shakir had seen enough. As summer turned to fall, and the 2020 Democratic presidential race entered the stretch run before the first caucuses and primaries, Shakir, who manages Bernie Sanders’s campaign, approached MSNBC president Phil Griffin to discuss his concerns with the network’s treatment of the Vermont senator’s second White House bid. “We watched a ton of terrible coverage occurring and we thought we’d at least try to address it,” he recalled For months, the campaign bristled at slights from MSNBC’s stable of hosts and commentators. Jason Johnson, an MSNBC contributor, predicted in January 2019 that Sanders would drop out by August, and network analyst Mimi Rocah said in July that Sanders made her “skin crawl.”

On-screen graphics have omitted Sanders and misrepresented his poll numbers, a trend that inspired a sendup from the Onion. “It’s been a struggle to change the tone and the tenor of the coverage that we receive,” Shakir said in an interview. “They’ve been among the last to acknowledge that Bernie Sanders’s path to the nomination is real, and even when it’s become real, they frequently discount it.” (A study from progressive magazine In These Times buttresses Shakir’s critique). Sanders also attended the off-the-record discussion with Griffin; an MSNBC spokesperson said the network has hosted similar meetings with other Democratic candidates. Shakir said the 30 Rock chat was “open” and “cordial,” but now, months later, he’s “not sure it really changed anything.”

Sanders has long contended that the agenda of “corporate media” doesn’t necessarily reflect the people’s needs, and his 2020 campaign has doubled as a rolling media criticism shop. On Twitter, Sanders’s speechwriter David Sirota, a veteran reporter, has become a one-man rapid-response machine; last week, he chided a New York Times reporter for downplaying Sanders’s victory in the New Hampshire primary. Several key campaign figures hail from the media’s left flank: deputy campaign manager Ari Rabin-Havt (Media Matters), national press secretary Briahna Joy Gray (The Intercept), and Shakir (ThinkProgress). Sanders himself has suggested that the Washington Post “doesn’t write particularly good articles about” him because of his efforts to raise the minimum wage at Amazon, the company founded by the newspaper’s owner, Jeff Bezos. He’s also railed against networks taking Big Pharma ads while on the debate stage.

Entering Wednesday’s debate in Las Vegas, which will be cohosted by MSNBC and NBC News, the ongoing tension between the titular liberal cable news network and the current Democratic front-runner has only intensified, and appears symptomatic of generational and ideological rifts within the party. It is at once a test of both MSNBC’s influence over the process and Sanders’s ability to withstand establishment resistance. Shakir said unflattering coverage on MSNBC has been “actively damaging” to the campaign. “The constant diminishment of Bernie Sanders on MSNBC,” he added, “hurts his case for electability.”

Read more …

1) “..medical costs for a couple are estimated to be $200,000 during their retirement years..”

2) 70-80% of Americans live paycheck to paycheck.

3) Nuff said.

The pension Ponzi will grind to a halt. And as these things go, that will happen sooner than you expect.

• The Magic Of Retirement Is Gone (Alhambra)

Social Security hasn’t considered 65 as full retirement age for a long time. The last workers who received full Social Security benefits at that age were born in 1937. For people born in 1938 and beyond, full retirement age has been increasing by 2 months per year up to those born in 1960 and after, when full retirement age caps at 67. According to the Bureau of Labor Statistics, in 2016, almost 27% of Americans between 65 and 74 were still working. That’s projected to exceed 30% by 2026. And the number of people 75 and older who continue to work has gone from 6.4% in 2006 to 8.4% in 2016, projected to hit almost 11% by 2026. Why is it happening? Some people continue working to have something to do. I’ve talked to people still in the workforce, and some who retired and went back to work.

They say, “There’s only so much golf you can plan and so many fish you can catch.” They were bored. They needed something to do. Some continue to work so they’ll have health insurance. But the majority of people still working are doing it because they have to. The Government Accountability Office (GAO) reports that almost 29% of households age 55 and older don’t have anything saved for retirement and they don’t have a pension. The National Institute on Retirement Security calculated the number. That means 40 million U.S. households have no retirement savings at all. The Employee Research Institute estimates that all households with a head of household between 25 and 64 years old, cumulative, are $4.3 trillion short of what they need for retirement.

Among households that do have retirement accounts, The Federal Reserve found the median account balance was $60,000. When you consider medical costs for a couple are estimated to be $200,000 during their retirement years—Not Good. Numbers from the Social Security Administration (SSA) show 50% of retired couples and 70% of unmarried elderly receive 50% of their income from Social Security. Among all Social Security beneficiaries, 21% of married couples and 45% of unmarried persons rely on Social Security for 90% of their income.

Read more …

“Boeing produced some 400 MAX planes since the grounding..” Well, no more. Maybe the workers were thinking: those planes will never be delivered anyway.

• Boeing Finds Debris In Fuel Tanks Of Undelivered 737 MAX Planes (CNBC)

Boeing has told employees that it discovered foreign-object debris in fuel tanks of “several” 737 Max planes the manufacturer has in storage, CNBC learned Tuesday. Foreign object debris “is absolutely unacceptable,” Boeing Commercial Airplanes executive Mark Jenks, a vice president and general manager of the 737 program and Renton production facility, according to the company’s website, said in a note to employees. “One escape is one too many. “With your help and focus, we will eliminate FOD from our production system,” he wrote. The company plans to investigate the foreign objects in the tanks and said that the discovery won’t impact the plane’s return to service.


“The success of this initiative is dependent on you. We need our entire team to make this a priority. Thank you for your commitment to put safety, quality and integrity into everything we do,” Jenks wrote. The Federal Aviation Administration said it was aware that Boeing “is conducting a voluntary” inspection for debris in the undelivered aircraft “as part of the company’s ongoing efforts to ensure manufacturing quality.” “The agency increased its surveillance based on initial inspection reports and will take further action based on the findings,” the agency said in a statement. Boeing also plans to inspect all undelivered 737 Max planes. Boeing produced some 400 Max planes since the grounding last year until it halted production last month. The company suspended delivery of the new planes after regulators grounded them worldwide ..

Read more …

He signed up for the trial.
The CIA “dosed” him over 50 times.
“He didn’t murder prior to the LSD. His brain may have been altered..”.
But his lawyers never brought up LSD in his trial.

• After Learning Of Whitey Bulger LSD Tests, Juror Has Regrets (AP)

One of the jurors who convicted notorious crime boss James “Whitey” Bulger says she regrets her decision after learning that he was an unwitting participant in a covert CIA experiment with LSD. Bulger terrorized Boston from the 1970s into the 1990s with a campaign of murder, extortion, and drug trafficking, then spent 16 years on the lam after he was tipped to his pending arrest. In 2013, Janet Uhlar was one of 12 jurors who found Bulger guilty in a massive racketeering case, including involvement in 11 murders, even after hearing evidence that the mobster was helped by corrupt agents in the Boston office of the FBI. But now Uhlar says she regrets voting to convict Bulger on any of the murder charges.

Her regret stems from a cache of more than 70 letters Bulger wrote to her from prison. In some, he describes his unwitting participation in a secret CIA experiment with LSD. In a desperate search for a mind control drug in the late 1950s, the agency dosed Bulger with the powerful hallucinogen more than 50 times when he was serving his first stretch in prison — something his lawyers never brought up in his federal trial. “Had I known, I would have absolutely held off on the murder charges,” Uhlar told The Associated Press in a recent interview. “He didn’t murder prior to the LSD. His brain may have been altered, so how could you say he was really guilty?” At the same time, Uhlar says she would have voted to convict Bulger on the long list of other criminal counts, meaning he still would likely have died in prison.

Uhlar has spoken publicly about her regret before but says her belief that the gangster was wrongly convicted on the murder charges was reinforced after reading a new book by Brown University professor Stephen Kinzer: “Poisoner in Chief: Sidney Gottlieb and the CIA Search for Mind Control.” The book digs into the dark tale of the CIA’s former chief chemist and his attempts to develop mind control techniques by giving LSD and other drugs to unsuspecting individuals, including colleagues, and observing the effects. [..] Gottlieb’s secret program, known as MK-ULTRA, enlisted doctors and other subcontractors to administer LSD in large doses to prisoners, addicts and others unlikely to complain. In Bulger’s case, the mobster and fellow inmates were offered reduced time for their participation and told they would be taking part in medical research into a cure for schizophrenia.

Read more …

I get the idea. But I don’t get which EU companies this is supposed to help.

• EU To Unveil Plans To Boost European Firms, Rein In US Tech Giants (R.)

The European Commission will on Wednesday launch the first of a raft of proposals to help European companies exploit their rich trove of industrial data and at the same time rein in online giants Facebook Inc, Alphabet Inc’s Google and Amazon.com Inc . The data strategy and artificial intelligence discussion papers are part of a bigger scheme to help European companies better compete with U.S. tech giants and state-aided Chinese companies in the digital world. European digital and antitrust chief Margrethe Vestager and European industry chief Thierry Breton will present the proposals around noon. They will come up with a final draft by the end of the year following feedback from interested parties.


The core of the EU’s data strategy is the creation of a single European data market and smaller data markets centered on key industries, according to a draft seen by Reuters last month. Other elements include new rules covering cross-border data use, data interoperability and standards related to manufacturing, climate change, the auto industry, healthcare, financial services, agriculture and energy. One of the possibly controversial proposals calls for doing away with EU competition rules against anti-competitive data sharing. In response to complaints about the power wielded by large online platforms, the Commission is also considering introducing rules to stop these companies from unilaterally imposing conditions for access and use of data or benefiting from this in a disproportionate manner.

Read more …

Twitter comment: “The Parthenon marbles don’t speak English so under the latest post-Brexit immigration guidelines they wouldn’t have been allowed into the UK from the EU anyway.”

But seriously, how do you defend buying stuff from the Nazis, or any occupying force, and then claim that’s legal?

• Britain’s Row With Greece Over Treasures Spills Into Brexit Tensions (R.)

The British Museum in London has refused to return the Parthenon Marbles, 2,500-year-old sculptures that British diplomat Lord Elgin removed from Athens in the early 19th century when Greece was under Ottoman Turkish rule. A draft of the 27 EU nations’ position on negotiations with Britain on their future relationship, which was seen by Reuters on Tuesday, seeks the “return or restitution of unlawfully removed cultural objects to their countries of origin”. The document did not specify any cultural objects. However, an EU diplomat said the line was added at the request of Greece, with support from Italy.


Greece’s culture minister said last month that Athens would step up its campaign for the return of the Parthenon Marbles from London and expected to win more support from European peers as Brexit diminishes Britain’s influence. The British Museum says the marbles, which are roughly half of a 160-metre frieze that adorned the fifth century BC Parthenon temple, were acquired by Elgin under a legal contract with the Ottoman empire. Greece says they were stolen. A British government spokeswoman, commenting on the draft EU document, said the UK’s position on the sculptures remained that they are “the legal responsibility of the British Museum”.


The Parthenon Marbles displayed at the British Museum in London October 16, 2014. REUTERS/Dylan Martinez/

Read more …

John Gray begins his book, Black Mass (2007), with the sentence: “Politics Is A Chapter In The History Of Religion.”

Hazel Henderson Said In 2006: “Economics, Never A Science, Has Always Been Politics In Disguise.”

• Religion is a Repeating Chapter in the History of Politics (CP)

In 1949 the German philosopher Karl Jaspers coined the term ‘the axial age’ in his book, ‘The Origin and Goal of History.’ He defined the Axial Age as the pivotal period in human moral and spiritual development that has conferred upon the world the political, cultural and philosophical shape it has today. It occurred, according to Jaspers, between 2 and 3 thousand years ago in various places around the world. This pivot point in history comes after the emergence of the State and civilization in these areas, which current anthropological and archaeological thinking sets at about 5 to 6 thousand years ago.

What Jaspers and other historians had noticed in studies of ancient history was that over a relatively short span of time all the great founding philosophies or systems of morality that we still refer to today – such as Daoism, Confucianism, Buddhism, Zoroastrianism, Platonism, the Abrahamic religions – appeared in parallel, with no obvious connection, in different civilizations.

Jaspers looked for reasons for this ancient ‘enlightenment’ in the political situations of the various civilizations he analysed and suggested the opportunity for new thinking was provided in each area by the destabilization of the previous, originary, monolithic, State and the formation of smaller, competing States that were in a process of navigating a new course for themselves and in relation to adjacent territories. Several of the founding philosophers, for example, are known to have wandered around their region, disseminating their ideas in the cities and districts of different States.

Read more …

 

If Martin Scorsese made horror movies…

 

 

 

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Anonymous Gate

Nov 082019
 
 November 8, 2019  Posted by at 8:41 pm Primers Tagged with: , , , , , , , , , ,  12 Responses »


Salvador Dali Bay of Cadaques 1925

 

Do I really need to reiterate -as I’ve done easily a hundred times- that I don’t think Donald Trump is a great choice to be president of the United States, that when you have a pick of 320 million people there should certainly be a better option? Then again, should I also reiterate that he was elected as president 3 years ago, and that means a lot in the US political system, so much that people who don’t like the outcome of an election should always respect it, lest they do irreparable harm to the system?! Well, hereby.

What got me, with limited interest in politics, going about the elections back in 2015-16 was not Trump, it was the concerted effort by the DNC, the Democratic party in general, US intelligence and the media, to frustrate his run for president. Not because of him, but because of all of them. The media went so overboard that today you cannot read an article by NYT or WaPo, or watch a TV program on CNN or MSNBC, and believe a single word that is said. That, too, has nothing to do with Trump.

It has to do with the control over their readers’ and viewers’ views that they think they have. It has to do with CNN head Jeff Zucker insisting, as Project Veritas showed, that all of his ‘journalists’ focus on impeachment. Because that’s where the money is. CNN, NYT, WaPo have been doing great since they started attacking Trump 24/7. And even when Robert Mueller came up emptier than a black hole, they managed to hide the consequences, keep on dumping on Trump and selling ads and subscriptions up the wazoo.

 

But the latest trend should worry everyone even more. It doesn’t come out of nowhere, it might even be called predictable. We had the Steele dossier, but there wasn’t a secret about who was behind it for very long. There were even a lot of references to the man’s achievements and credibility. We’re still awaiting something similar on Mifsud and Downer, but so far they’re seen as having at least some credibility.

However, all of the above has changed since accusations and allegatiosn against Trump started to be made by, and based on, an anonymous whistleblower, who turned out not to be a whistleblower at all but a CIA operative closely linked to sworn Trump enemies Obama, Biden and Brennan. First time I saw that, I thought: wow, desperation sets in. The usual suspects don’t feel they’re winning. They think they need a backdoor.

And who is to blame them? The Democrats have nobody who could even possibly challenge Trump in a ‘normal’ election. Biden won’t survive Burisma, and that’s far from his only flaw, Warren and Sanders are too left for 2020 America, and they’re actively screwing with Tulsi Gabbard’s campaign, because she threatens to break their link to the military industrial complex, aka the Deep State.

So in comes Mike Bloomberg at a mere 112 years old, because rich old white men always do these things. I predicted the other day to a friend that Hillary would try to join in, but she wouldn’t have a chance in hot hell either; too tainted. She may still do it, though, in 5 years time she’ll be too old.

 

Apparently, though, that one backdoor, the anonymous CIA faultily labeled whistleblower, just won’t do.

Now we have a book, it’s coming out on November 19, and it’s written by, guess who … Anonymous. Who apparently claims to be a White House insider. Something we can’t check. It might as well be Hillary, or Brennan, or Clapper, or anyone in the CIA or DNC who doesn’t mind writing awful stories about Orange Man Bad, as long as they can remain anonymous.

 

 

So then you get this kind of thing, This first quote is from the Hill (which may have left their ace reporter John Solomon out to dry, I don’t know, but I only see his articles on his own website these days). And yeah, Rachel Maddow is a real credible source on all things Trump. She only spent 4 whole years shrieking about Russiagate every night until Bob Mueller grossly failed:

Maddow: Anonymous Op-ed Author Details ‘Steady State’ That Kept ‘Wheels From Coming Off The White House W agon’

In a new book, the author of an anonymous New York Times op-ed has described a “steady state” that formed to “keep the wheels from coming off the White House wagon,” according to excepts from the book read by MSNBC host Rachel Maddow on her show Thursday. “The early Steady State formed to keep the wheels from coming off the White House wagon,” Maddow read from the excerpts of the book “A Warning.” “When presidential appointees started conferring about their shared concerns with the nation’s chief executive … it was done informally, in weekly phone calls or on the margins of meetings,” Maddow continued, citing the book. Many of the concerns staff members had about the president stemmed from his “inattentiveness” and “impulsiveness.”


[..] “In Russia, for instance, the president was reluctant to expel so many of Mr. Putin’s spies as punishment for the poisoning of a former Russian spy in Britain. He complained for weeks about senior staff members letting him get boxed into further confrontation with Russia, and he expressed frustration that the United States continued to impose sanctions on the country for its malign behavior. But his national security team knew better — such actions had to be taken, to hold Moscow accountable,” the person wrote last year. “This isn’t the work of the so-called deep state. It’s the work of the steady state,” they continued at the time. The Post on Thursday also reported on an excerpt of the book in which the anonymous person, billed as “a senior official in the Trump administration,” wrote that officials wake up “in a full-blown panic” due to Trump’s tweets.

And some more from Maddow’s employer, NBC (every “left” news outlet is covering this, obviously):

Anonymous Author Writes Trump’s Decision-Making Is Eroding Over Time

President Donald Trump’s behavior can be so erratic that most top administration officials have pre-written resignation letters ready to submit, an anonymous author claiming to be a senior official in the Trump administration says in a book scheduled to be published this month. To complicate matters, the president’s decision-making abilities are getting worse with time, according to excerpts of “A Warning” that were obtained and read Thursday night on MSNBC’s “The Rachel Maddow Show.” The author, described only as “a senior Trump administration official,” is the same person who wrote an op-ed in The New York Times last year headlined, “I am part of the resistance inside the Trump administration.”

The column said “many of the senior officials in his own administration are working diligently from within to frustrate parts of his agenda and his worst inclinations.” The information is coming from an anonymous source, and NBC News does not know who the writer is nor whether they were in a position to have witnessed what they say transpired. In the book excerpts, the author describes near-daily “five-alarm fire drill” that leads senior officials to cancel plans and race to the White House to intercept Trump before he can enact his latest “wacky or destructive idea.” “Staff throw up the Bat-Signal, calling a snap meeting or a teleconference. ‘He’s about to do something,’ one warns the group, explaining what the president is about to announce.” “‘He can’t do this. We’ll all look like idiots, and he’ll get murdered for it in the press,’ another exclaims. “‘Yeah, well, I’m telling you he’s going to do it unless someone gets to him fast,’ the first warns. ‘Can you cancel your afternoon?'”

[..] In excerpts published separately by The Washington Post, the author likens Trump to “a twelve-year-old in an air traffic control tower, pushing the buttons of government indiscriminately, indifferent to the planes skidding across the runway and the flights frantically diverting away from the airport.” “I’ve sat and listened in uncomfortable silence as he talks about a woman’s appearance or performance,” according to the Post’s excerpts. “He comments on makeup. He makes jokes about weight. He critiques clothing. He questions the toughness of women in and around his orbit. He uses words like ‘sweetie’ and ‘honey’ to address accomplished professionals. This is precisely the way a boss shouldn’t act in the work environment.”

The image they try to present is very obvious: Trump is crazy. We got there from him not having a chance getting elected, to owing his election to Russia, and now Ukraine, from which he also demanded ‘dirt’ on his ‘main’ political rival Joe Biden, who was never that, and now we have deteriorated into He Is Crazy, and we get that from anonymous whistleblowers and ‘authors’.

Thing is, if you’re allowed to be anonymous, you can be anyone, including Trump’s direct rivals in the 2020 elections, or a CIA officer, you name it. Does this open the window for the GOP to start publishing fake news too? Because that’s what it is, right, when things are said that nobody can verify? It’s not news, it’s partisan propaganda. Why would anyone opposed to Trump want to be anonymous today? It’s not as if the CIA or FBI would come after them, they’re siding with the other party.

 

What is the problem with anonymous CIA ‘whistleblowers’ and authors? That we have no way of verifying what they say. Duh! And believe it or not, in days of old, other than in cases like Deep Throat, US media would never have dreamed of publishing a single word from the CIA not-whistleblower or the guy or gal or entire team (we can’t know) who wrote that book.

Journalistic standards have simply eroded and vanished to a huge extent. And people will say: yes, but Trump, but Orange Man Bad, anything is justified to get rid of him.

And that is very simply not true. The media and politicians and intelligence agencies cannot abandon their standards, developed over many decades, just to get rid of someone they don’t like. That, in the end, is up to the American people to decide, whether you like it or not, in the next election.

This whole anonymous thing feels increasingly like an election item, because the Dems know they have nothing to very little. We get that. But the sanctity of the election process, and of the Office of the President of the United States, must always prevail. Because if it doesn’t you will find yourselves in a state of anarchy. Anonymous accounts that are widely re-covered because that fits a political agenda are a solid step towards that anarchy. Beware.

 

 

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Screw the Pooch

Mar 262019
 
 March 26, 2019  Posted by at 10:48 pm Finance Tagged with: , , , , , , , , , , , , , ,  7 Responses »


Jan van Eijk The Arnolfini portrait 1434

 

 

I first asked Dr. D. a few years ago if I could turn one one his comments at the Automatic Earth into an essay. The following illustrates why I asked. Not sure he understands why some of his rants stand out while others do not, but they certainly do. Go to the Automatic Earth comments section to figure that one out. He’s there every day.

And you’re free to disagree of course. And I myself am good, have an essay on the same topic waiting but love the view from over there. Nothing not to like.

 

 

It USED to be that when a newspaper catastrophically screwed the pooch as we Yanks say, people would cancel their subscription to such a piece of pure, useless, misleading garbage.

Dr. D.: Legally, the path is pretty clear and incredibly old. It’s always been illegal to slander (in voice) or libel (in print) someone. The Covington kids are following this right now. It’s illegal everywhere, including Britain and New Zealand, and the legal threshold has a couple of bullet points. There has to be provable damage, the facts provided have to wrong, they have to be specific, and so on. Then you sue civilly for compensation in measure with the damage caused. Pretty simple. But if it’s actual libel of the sort anyone actually means, not just “I disagree with you”, then all these elements are absolutely in play. No false accusations, no just getting the facts wrong on accident.

What’s more, the government is never the plaintiff. Although in theory I suppose they could get standing, in practice slander and libel are prosecuted BY private people AGAINST private people, which eliminates a major element of government censorship and repression. …The problem is, now that the entire force of media is resident in 5 corporations the size of most countries, no one has been suing anyone, much less challenging them to pistols at dawn.

That and the marketplace is adjusting to the new reality: It USED to be that when a newspaper catastrophically screwed the pooch as we Yanks say, people would cancel their subscription to such a piece of pure, useless, misleading garbage. …But no one ever pays for news anymore; there’s nothing to cancel. Clicks are free. So even when it’s completely wrong, knowingly, provably wrong in 10 minutes of google, if it gets clicks you get paid, so there is a new OPPOSITE incentive to lie, so long as the lies are salacious. It’s literally impossible to be discredited under this model. Look at Brian Williams on NBC and Donna Brazile on Fox.

However, you can still be sued to penury and be unable to pay your click-bills, and I expect this is a new growth industry, perhaps led by Nunes. Certainly Buzzfeed and Vox haven’t waited, they’re collapsing under their blizzard of nonsense and poor reputation, while so many bloggers who got it right continue to rise despite every repression the algos can throw at them. And that’s the market adjusting, note: without the government.

So that’s how Americans and legal nations with free speech do it and always have. Because legally, there is no such thing as ‘hate speech’. If there were, it would be thought crime, a tyranny so diabolical that even the existence of opinions is illegal. You are allowed to hate. Why? Because you are human, we don’t lock people up for thinking and feeling things, and thank our ever-loving God for that.

You are also allowed to SAY you hate someone. Why? Because it’s both a fact and your opinion. What would be the alternative, universal love enacted by perpetual violent force? If people don’t know you don’t like them, you can’t be forewarned, you can’t work things out, we don’t have an open debate in the marketplace of ideas.

What you CAN’T do – and again, this is the law everywhere and always – is ACTUALLY HARM someone. ‘Cause words are just cheap air, sound and fury, signifying nothing. A world where people are terrified of words alone is a world the weakest man who ever lived could conquer. But that’s the western world now, apparently having never seen or felt violence, actually believes that ‘words are violence.’ …That is until being so weak, such violets, such snowflakes, their total weakness attracts REAL violence which devours their nation in hours, as they see with decadent, falling empires throughout history.

There are a few other things: you are generally liable if your words cause physical or monetary harm. Further, you can’t therefore call for specific harm to a specific person, as is called on my people every day, because being more dangerous, the law wishes to prevent murder rather than punish it. But any rational person can follow these without even knowing the law exists, although, like all laws in the U.S. presently, it isn’t enforced, or only enforced on people they don’t like.

But that’s all terribly simple. The media legally CAN’T tell lies like this without consequences. Thankfully, however, the government isn’t the plaintiff and repressor. We legally can have open discussions where bad ideas, bad beliefs are able to be read openly and refuted, like Jim Jones, like Mein Kampf; as they must be, for the only alternative is to control and erase history, and then we could never learn, never recognize it. To punish people for ideas in their heads and feelings in their hearts, making their very existence a prison.

The media will soon wish they could erase history, and perhaps they will already. I mean, they just erased Patrick Moore from founding Greenpeace yesterday. But without the authorization of legal propaganda against the people and the government cash payments that’s soon going to be revealed — as long-used but signed into law by Obama — CNN, MSNBC and the boys are going to go broke on a business plan that has been totally discredited.

So under market capitalism – and now lacking monetary and legal protection of their lies by government, and under attack for monopoly bias and with executive orders reminding everyone that speech is always free – the liars are about to be sued, go broke, and disappear. Which is a pity, since I doubt they have the competence to clean toilets instead. So that’s what free nations do, and are doing right now, instead of making all news, all facts, and all history verboten.

 

 

“Who controls the past controls the future. Who controls the present controls the past.”
– George Orwell, 1984