Nov 062022
 
 November 6, 2022  Posted by at 8:35 am Finance Tagged with: , , , , , , , , ,  64 Responses »


Ivan Shishkin The wilds 1881

 

Berlin – Moscow – Beijing (Escobar)
The End of the Beginning and the Beginning of the End (Batiushka)
Global Bankers ‘Very Pro-China’ – UBS (RT)
Russia Seeks Sanctions Waiver To Facilitate Grain Exports (RT)
The Oil Nationalization Two-Step (Luongo)
Media Identifies Major Beneficiary Of Ukraine Crisis (RT)
US Wants Official Of Ukrainian Descent To Run NATO (RT)
Over 50 Countries Vote Against Anti-Nazism UN Measure (RT)
The Great Unwind II (Alasdair Macleod)
Lockdown Lefties Struggle In Governor’s Races, Reopen Righties Win (JTN)
If Republicans Win On Tuesday, Thank The Election Integrity Movement (Fed.)
Biden’s Midterms Message Includes False And Misleading Claims (CNN)
NY Times Report That Biden Exaggerates His Economic Wins Stuns Twitter (Fox)
Biden Unleashes Tirade Over Musk Restoring Free Speech on Twitter (Turley)
The Twitter Massacre (MoA)
Understanding the Reveal Stage of the Pandemic Play – Are We Winning? (LDS)

 

 

 

 

The Oil Price Cap Idiocy

 

 

 

 

Tucker Pelosi

 

 

Until proven otherwise

 

 

 

 

Pepe sees some optimism. It goes through China.

“..the Scholz caravan went to Beijing to essentially lay down the preparatory steps for working out a peace deal with Russia, with China as privileged messenger..”

Berlin – Moscow – Beijing (Escobar)

Solid German business sources completely contradict the “message” delivered by the German Council on Foreign Relations on the trip to China. According to these sources, the Scholz caravan went to Beijing to essentially lay down the preparatory steps for working out a peace deal with Russia, with China as privileged messenger. This is – literally – as explosive, geopolitically and geoeconomically, as it gets. As I pointed out in one of my previous columns, Berlin and Moscow were keeping a secret communication back channel – via business interlocutors – right to the minute the usual suspects, in desperation, decided to blow up the Nord Streams. Cue to the now notorious SMS from Liz Truss’s iPhone to Little Tony Blinken, one minute after the explosions: “It’s done.”

There’s more: the Scholz caravan may be trying to start a long and convoluted process of eventually replacing the US with China as a key ally. One should never forget that the top BRI trade/connectivity terminal in the EU is Germany (the Ruhr valley). According to one of the sources, “if this effort is successful, then Germany, China and Russia can ally themselves together and drive the US out of Europe.” Another source provided the cherry on the cake: “Olaf Scholz is being accompanied on this trip by German industrialists who actually control Germany and are not going to sit back watching themselves being destroyed.” Moscow knows very well what the imperial aim is when it comes to the EU reduced to the role of totally dominated – and deindustrialized – vassal, exercising zero sovereignty.

The back channels after all are not lying in tatters on the bottom of the Baltic Sea. Additionally, China has not provided any hint that its massive trade with Germany and the EU is about to vanish. Scholz himself, one day before his caravan hit Beijing, stressed to Chinese media that Germany has no intention of decoupling from China, and there’s nothing to justify “the calls by some to isolate China.” In parallel, Xi Jinping and the new Politburo are very much aware of the Kremlin position, reiterated again and again: we always remain open for negotiations, as long as Washington finally decides to talk about the end of unlimited NATO expansion drenched in Russophobia. So to negotiate means the Empire signing on the dotted line of the document it has received from Moscow on December 1st, 2021, focused on “indivisibility of security”. Otherwise there’s nothing to negotiate.

Read more …

5 May 2024.

The End of the Beginning and the Beginning of the End (Batiushka)

Many ask how much longer will the US war against Russia, Belarus and the Ukraine last? Some say only another two or three months, others much longer, even five years and more. For my own reasons I say another eighteen months, until 5 May 2024. Whatever you think, it all depends on how much the American neocon/neoliberal elite via their NATO allies, especially the UK, the Zelensky sect and their hired killers (so-called mercenaries – for few Kiev nationalists are now left to fight) want to escalate their war. And they do, which is why it did not all end last March when it could have ended. In other words, how much does the American elite want their subject-peoples, in Northern America, Western Europe and the Ukraine, to suffer?


It appears that the US elite wants them to suffer until they are all dead. But that will not happen, for the worm will turn, long, long before that. Indeed, in today’s energy and water-restricted Ukraine, some worms are already turning. And even some cold and hungry people in Western Europe and Northern America are turning too. What the elite wants, and what the people, especially in the Ukraine, will put up with, are two different things. It could all be ended tomorrow, if the elite wanted. Much more likely, this is going to take quite some time, for the war is not between the Ukraine and Russia, but between the USA and Russia. The Ukraine is merely the battlefield. No, I repeat, wait patiently until May 2024.

Read more …

“Don’t bet against China and Hong Kong..”

Global Bankers ‘Very Pro-China’ – UBS (RT)

International investment bankers are bullish about the Chinese economy despite worrying reports by the Western media, the chairman of UBS Bank, Colm Kelleher, said on Wednesday. Kelleher was speaking at the Global Financial Leaders Investment Summit in Hong Kong, which brought together more than 200 bankers and investors from 20 countries, after more than two and a half years of Covid restrictions there. Hong Kong is now reportedly seeking to boost its status as an international financial hub. “We’re not reading the American press, we actually buy the [China] story,” he said, as quoted by the Financial Times. “But it is a bit of waiting for zero-Covid to open up in China to see what will happen.

According to the FT, Kelleher’s reference to the media was “an apparent joke and a nod” to earlier remarks made by Fang Xinghai, the vice chair of the China Securities Regulatory Commission. Fang, along with other Chinese officials, used pre-recorded video interviews to reassure international investors of the country’s economic strength. He told attendees: “I would advise international investors to find out what’s really going on in China and what’s the real intention of our government by themselves. Don’t read too much of the international media.” Fang’s comments, which came after a record sell-off of Chinese equities last week in the wake of President Xi Jinping’s consolidation of power, prompted laughs and applause from the audience. “Don’t bet against China and Hong Kong,” he added.

Last week, the Chinese stock market had its worst day since the 2008 global financial crisis, with the yuan hitting a new 14-year low against the US dollar, as Xi secured his third term and undertook a major leadership reshuffle. The sharp selloff was triggered by concerns that a number of senior officials who have backed market reforms and opening up the economy were missing from the new top team. This sparked investor concerns about the future direction of the country and its relations with the US.

Read more …

The west doesn’t care about feeding the poor.

Russia Seeks Sanctions Waiver To Facilitate Grain Exports (RT)

Russia has asked the EU and other Western nations to lift sanctions on state lender Rosselkhozbank, Reuters reported on Saturday, citing sources. According to the news agency, such a move would allow the bank to restore relations with its correspondent banks abroad and process payments for Russian grain and fertilizer exports. Prior to the introduction of anti-Russia sanctions, such payments were serviced by international banks and subsidiaries of Russian banks in Switzerland, the report says. According to Russian Foreign Ministry spokeswoman Maria Zakharova, Rosselkhozbank is currently “servicing the lion’s share” of Russia’s fertilizer and food related transactions. The report did not mention whether Russia has received a response to its appeal. According to Reuters, the request was made during talks on the fate of the Ukrainian grain deal, which expires later this month.


As part of the agreement, reached in July, Western countries were supposed to ease restrictions on Russian agricultural exports. While the sanctions do not directly target these exports, certain curbs on payment processing, shipping and insurance have created obstacles for Russian exporters. Washington has taken steps to convince businesses that there are no sanctions on Russian food exports, a senior State Department official told the news outlet. The department reportedly sent out letters of reassurance to companies seeking proof that their deals with Russia would not violate restrictive measures. Nevertheless, Moscow has repeatedly said that sanctions make agricultural exports next to impossible and has demanded their cancellation. Rosselkhozbank fell under Western sanctions along with Russia’s other largest banks earlier this year, and its assets and correspondent accounts in US dollars and euros were frozen.

Read more …

Narrative.

The Oil Nationalization Two-Step (Luongo)

[..] say your goal is to legitimize the state takeover, or advance another step forward the state takeover, of an industry. Let’s use oil and gas for today’s lesson. The first thing you do is manufacture a crisis that will disrupt the supply of the product you want to takeover. In this case, it started with COVID-19, which disrupted far more than just the energy sector. More than 2 million barrels per day of refining capacity was lost world wide thanks to COVID-19. Given the current hostility to new refineres (more on this later), those barrels are not coming back. Don’t forget, that for a “Straussian Two-Step” this big you will have to brainwash and/or gaslight two entire generations into hating themselves for being rich, wasteful, spoiled, alive or worse, just plain white.

So, they are already primed to hate all the things at play here — capitalism, Big Oil, Banks, Old White Guys (rich or poor) — and enrage your useful idiots by pushing their already tenuous hold on reality to the literal breaking point. “I can’t even….” isn’t the most common phrase uttered on Tik-Tok for nothing. That’s the Thesis part. So, when the crisis hits thanks to natural gas disruption you forbid buying of from a particular country… — Hello, Vlad? We’re in a helluva pickle, would you mind invading Ukraine…? Nyet…? Well, we’ll see about that…. — MISSING PAGES FROM THE RETURN OF DR. STRANGELOVE WORKING SCRIPT. … you demonize not only Vlad but the industry itself for price gouging and preying on the widdle guy during a war. There’s a word for this… chutzpah.

Predictably, you then allow your fake political opponents … [enter Cocaine Mitch from Stage Right] … to produce the opposite argument. In this case, the counter is obviously we need free markets to produce oil and gas. The refiners are just responding to the market. That fake opposition, of course, also blames Vlad for this crisis to ensure the market’s champion looks not only patriotic but also suitably bought and paid for by Big Oil, Old White Guys, etc.

Read more …

“..EU nations have committed to about $230 billion in new weapons purchases since the Russian military offensive against Kiev started..”

Media Identifies Major Beneficiary Of Ukraine Crisis (RT)

Yahoo News has identified a major beneficiary of the Russia-Ukraine slugfest: the US military industrial complex, which is reaping a windfall even as the bloody conflict causes economic havoc, energy shortages and a looming food crisis around the world. As the media outlet reported on Saturday, EU nations have committed to about $230 billion in new weapons purchases since the Russian military offensive against Kiev started in February. US defense contractors are poised to land the lion’s share of those orders, given their dominance as suppliers to European militaries, Yahoo added. Many European nations turn to US arms makers for more than half of all their weapons purchases. Yahoo cited data from the Stockholm International Peace Research Institute (SIPRI) to show examples of US dominance in European arsenals.

For instance, US-made arms accounted for 95% of the weapons purchases by the Netherlands from 2017 to 2021. The ratios were 83% US weaponry for Norway, 77% for the UK, and 72% for Italy. European weapons imports jumped 19% during the five-year period as then-President Donald Trump prodded his NATO allies to meet their obligations for defense spending. The Ukraine crisis is set to create an even bigger windfall, as President Joe Biden leads an international campaign to flood Ukraine with weapons and the conflict triggers accelerated steps by European nations to bolster their own defenses. “This is certainly the biggest increase in defense spending in Europe since the end of the Cold War,” Ian Bond, director of foreign policy at the Center for European Reform, told Yahoo. The crisis in Eastern Europe dispelled the notion that war on the continent is no longer possible, he added.

“They’re waking up to the fact that not only is it very possible, but it is happening, and it’s happening not that many miles away from them.” Since Biden took office in January 2021, European countries entered at least the initial stage of negotiations for $33 billion in arms purchases, including $21 billion since February, Yahoo said, citing figures from the Quincy Institute for Responsible Statecraft. US defense contractors will also benefit from Washington’s massive military aid to Kiev, as the Pentagon races to replenish stocks of artillery pieces, rocket launchers and other weapons. Biden has set aside more than $65 billion in military and economic aid for Ukraine since the conflict began. Russia has warned that the influx of Western weapons will prolong the crisis while making the US and other NATO members de facto participants.

Read more …

This comes far too close to putting Bandera in charge.

US Wants Official Of Ukrainian Descent To Run NATO (RT)

The “prime candidate” favored by Washington to replace outgoing NATO Secretary General Jens Stoltenberg is Chrystia Freeland, currently Canada’s Finance Minister and Deputy Prime Minister, the New York Times reportedon Friday. The bloc reportedly aims to install a woman at its helm for the first time, with other likely contenders being Estonian premier Kaja Kallas, Slovakian President Zuzana Caputova and Kolinda Grabar-Kitarovic, former president of Croatia, who was also Zagreb’s ambassador to Washington. The “strong contenders”list provided by the NYT corresponds with earlier media reports this year. The selection of a new NATO Secretary General, however, is still months away and “the names that surface first” may not survive the bargaining among the bloc’s members, unnamed NATO officials told the NYT.

Incumbent head of the bloc Stoltenberg was set to leave his post on September 30, but his term was prolonged to late 2023 amid the conflict in Ukraine. The NATO boss might ultimately end up having his tenure extended for another year, one of the officials reportedly suggested. Still, Freeland is believed to be the “prime candidate” for the post of NATO chief, favored by the US itself. “Where any of the candidates come down on support for Ukraine in the war against Russia will be a critical factor,” the paper writes. Freeland, whose mother was Ukrainian, is known to have a strong pro-Ukrainian stance. She is the granddaughter of Michael Chomiak, described by the NYT as a “grateful immigrant to Canada” who was during World War Two a “younger man involved with a Ukrainian nationalist movement that saw the Nazis as useful foils to counter the Soviets.”

The paper didn’t mention, however, that Chomiak was a prominent Ukrainian Nazi collaborator and the editor-in-chief of a Ukrainian-language propaganda daily Krakivs’ki Visti. The outlet, published between 1940 and 1945, was funded directly by Nazi Germany and described by Canadian historian – and Chomiak’s son-in-law – John-Paul Himka as a “vehemently anti-Semitic”publication. Freeland has been extremely ambiguous on her ancestry, not only refusing to condemn her maternal grandparents but somewhat endorsing them instead. In 2015 she wrote an essay called “My Ukraine,” stating that her Nazi collaborator grandparents “saw themselves as political exiles with a responsibility to keep alive the idea of an independent Ukraine.” “That dream persisted into the next generation, and in some cases the generation after that,” Freeland wrote in the essay.

Read more …

Pretzel: You can’t condemn nazism without also condemning Russia, which fights nazism.

Over 50 Countries Vote Against Anti-Nazism UN Measure (RT)

A UN resolution opposing the celebration of Nazism and related ideologies has met with significant resistance from the US and other western democracies, with 52 countries voting against it on Friday. The draft resolution “Combating glorification of Nazism, neo-Nazism and other practices that contribute to fueling contemporary forms of racism, racial discrimination, xenophobia and related intolerance,” introduced by Russia’s representative to the UN, was adopted with 105 votes in support. In addition to the 52 votes against it, 15 countries abstained from choosing sides.

The resolution expresses profound concern about glorifying Nazism, neo-Nazism and former Waffen SS members, condemning the construction of monuments and the holding of public ceremonies honoring the Third Reich. Introducing the resolution, the Russian delegate referenced an increase in xenophobia, anti-migrant sentiment, Islamophobia and anti-Semitism, among other forms of discrimination, as necessitating it. The US and several of its allies attempted to explain their vote against the measure by claiming Russia was exploiting Nazi atrocities to justify its military operation in Ukraine, insisting that to join them in condemning the lionization of Nazis would be letting them get away with weaponizing the Holocaust to serve their nefarious ends.

The UK accused Moscow of “furthering lies and distorting history,” even while acknowledging it was using “legitimate human rights concerns raised by neo-Nazism mobilization” to justify its activities in Ukraine. The US went further, arguing that Russia’s “pretextual use of fighting neo-Nazism undermines genuine attempts to combat neo-Nazism.” And Ukraine claimed Moscow’s anti-Nazism message had “nothing in common with the genuine fight against Nazism and neo-Nazism,” which Kiev stressed it condemned in all forms. Australia, Japan, Liberia and North Macedonia proposed an amendment to clarify that while they were very much anti-Nazi, they were also profoundly anti-Russian.

Their addition “notes with alarm that the Russian Federation has sought to justify its territorial aggression against Ukraine on the purported basis of eliminating neo-Nazism,” reminding everyone that the “pretextual use of neo-Nazism to justify territorial aggression seriously undermines genuine attempts to combat neo-Nazism.” Russia opposed the amendment, accusing the writers of “trying to drive a wedge between states” by dropping it on the committee at the last minute. It was adopted with 63 votes approving, 23 against, and 65 abstaining. Moscow introduced a similar resolution last year, before the military operation in Ukraine had begun but after the US-backed coup had installed a government that allowed neo-Nazi groups like the Azov Battalion and lionized Stepan Bandera, the Ukrainian Nazi collaborator whose Organization of Ukrainian Nationalists was responsible for the massacre of tens of thousands of Poles and Jews during World War II. The 2021 resolution was opposed by just two states: the US and Ukraine.

Read more …

Banks have been encouraged to increase risk and leverage. Now that bites.

The Great Unwind II (Alasdair Macleod)

Imagine, for a moment, that you are the CEO of a commercial bank involved in lending to businesses and with profit centres acting in a range of financial activities. As CEO, you are answerable to the board of directors for the bank’s performance, and ultimately the bank’s shareholders for maintaining and advancing the value of their shares. Furthermore, let us set this imaginary exercise in the present. These are the issues that should keep you awake at night: In common with your competitors, the ratio of your balance sheet assets to total equity is almost the highest in the history of the bank, in many cases for other banks over twenty times leaveraged. Official inflation, measured by the CPI is about ten per cent, and producer prices are rising somewhat faster.

Your central bank expects a return to the 2% target in two- or three-years’ time. But your contacts at the central bank have privately admitted to you that they cannot imagine the circumstances where this would be true without a deep recession. Bond yields are rising, and losses are beginning to impact on the bank’s investments. The bank has relatively little direct exposure to corporate bonds and equities, but they are commonly held as collateral against customer loans. How are higher interest rates impacting the quality of the bank’s loan book? The bank supported its business customers through the covid pandemic, which increased the indebtedness of them all. This exposes the bank to excessive default risk if rates rise further.

The mortgage loan book has been a profitable business for decades. But the bank is beginning to see a material rise in delinquencies. If loan guarantees are not forthcoming from government agencies, the bank may have to shut this activity down. What impact will higher interest rates have on the bank’s derivative exposure? What are the counterparty risks in derivative chains? Derivatives that involve inadequately capitalised counterparties should perhaps be sold on, or where the bank has the option to do so, closed down. The underlying problem is that the conditions that led to the bank becoming increasingly involved in diversified activities, such as investment banking, trading, and investment management have now changed.

Since financial deregulation in the 1980s, the bank has expanded into these profitable areas. The whole industry moved from dealing in credit into generating fee income. The growth in fee income can be directly related to the long-term trend of falling interest rates, which apart from interruptions such as the dot-com excesses and the Lehman crisis, stimulated growth in corporate finance, underwriting, investment management, and trading in financial securities. The expansion of these activities in turn led to a massive expansion of derivative markets, with new instruments being devised, such as credit default and interest rate swaps.

Read more …

“Don’t mess w people’s kids. It lands differently — and they will hold a grudge.”

Lockdown Lefties Struggle In Governor’s Races, Reopen Righties Win (JTN)

Some of the Democratic governors most associated with harsh and prolonged COVID-19 lockdowns are facing stiff electoral headwinds in the midterms, while Republicans who endured national scorn by quickly reopening their states are cruising toward reelection. Republicans were already in an advantageous position with voters on crime and the economy, particularly inflation, the top two issues in polling this fall. Education issues, which propelled Virginia Gov. Glenn Youngkin (R) to victory a year ago, are a leading concern in some races. And while elections tend to focus more on the future than the past, the starkly contrasting performances of lockdown lefties and reopen righties suggests that a reckoning on pandemic policies may be a stealth issue in major governor’s races.


The repercussions of lockdown policies are also felt indirectly in the top issues for voters, from supply-chain problems and inflation driven by COVID relief spending to plummeting test scores and parental outrage over school curricula resulting from remote learning. “Red wave is coming Tuesday,” freespoken sports show host Colin Cowherd tweeted Thursday. “Don’t mess w people’s kids. It lands differently — and they will hold a grudge.” “I lean mostly left, but data clearly proved kids 18 and under were safe,” and yet many were kept out of school, resulting in plunging test scores, rising suicides and “[c]haos for parents,” he continued. “A price will be paid and hopefully a lesson learned.” “Her Excellency the Queen of Michigan,” Gov. Gretchen Whitmer (D), “made it illegal … to visit friends, sell paint, mow grass, and golf” while flouting her own unilateral orders, The Spectator wrote in a recent list of “Eight Democrats we all hope lose this November.”

Maher

Read more …

No chance it will go smooth.

If Republicans Win On Tuesday, Thank The Election Integrity Movement (Fed.)

If Republican candidates do as well as expected on Tuesday, they can credit the new, widespread, and coordinated effort to begin securing U.S. elections, helping give candidates the best opportunity possible to win a fair fight in the new voting environment of mail-in balloting. The Republican National Committee, other party entities, and dozens of public interest election nonprofit groups built over the last two years a multimillion-dollar election integrity infrastructure that passed laws improving voter ID and other election security measures, defended those laws from legal attacks by Democrats, and sued states and localities that failed to follow the law. They also recruited, educated, trained, and placed tens of thousands of new election observers and other workers throughout the long midterm voting season.

And they did it all in one of the most hostile propaganda environments on record. The 2020 election was a massive wake-up call for many Americans on the right. In the months leading up to it, Democrats forced through changes to hundreds of laws and processes governing how elections are conducted. The rule-change scheme was run by Marc Elias, a Democrat election attorney who also ran his party’s Russia collusion hoax, which falsely claimed Donald Trump stole the 2016 election by colluding with Russia. Sometimes Democrats’ 2020 changes were instituted legally. Frequently, though, they were effected by other means, such as getting a friendly state or local official to change the rules unilaterally.

The 2020 election plan, some of which was admitted to in a flattering Time magazine story, sought to flood the zone with tens of millions of unsupervised mail-in ballots, historically understood to be riper for fraud and other election irregularities than supervised, in-person voting. The plan also involved the private takeover of government election offices to run Democrat-focused get-out-the-vote operations. Mark Zuckerberg, one of the world’s wealthiest and most powerful men, financed the project, doling out $419 million to two left-wing groups that focused grants and assistance to government offices in the Democrat areas of swing states.

This radical change — “practically a revolution in how people vote,” as Time put it — included the widespread practice of placing ballot drop boxes predominantly in Democrat areas of the country, mailing out unsolicited mail-in ballots or applications for mail-in ballots, using well-funded teams of ballot harvesters both inside and outside of government, lowering and changing the standards for mail-in ballot acceptance, and fixing or “curing” ballots that were improperly filled out. Corporate media and other Democrats claimed the election was the best-run in history. In reality, it was a mess. Big Tech and the media ran coordinated disinformation campaigns to benefit Democrats by suppressing news that hurt the party. Big Tech also deplatformed effective conservative voices and media outlets, suppressed fundraising emails from Republicans, and elevated certain information to help Democrats.

Read more …

Biden loses both CNN and NYT mere days before the midterms.

Biden’s Midterms Message Includes False And Misleading Claims (CNN)

Social Security, part 1 Biden said at a Democratic fundraiser in Pennsylvania last week: “On our watch, for the first time in 10 years, seniors are going to get the biggest increase in their Social Security checks they’ve gotten.” He has also touted the 2023 increase in Social Security payments at other recent events. But Biden’s boasts leave out such critical context that they are highly misleading. He hasn’t explained that the increase in Social Security payments for 2023, 8.7%, is unusually big simply because the inflation rate has been unusually big. A law passed in the 1970s says that Social Security payments must be increased by the same percentage that a certain measure of inflation has increased. It’s called a cost-of-living adjustment.

Social Security, part 2 Biden said at a Democratic rally in Florida on Tuesday: “And on my watch, for the first time in 10 years, seniors are getting an increase in their Social Security checks.” The claim that the 2023 increase to Social Security payments is the first in 10 years is false. In reality, there has been a cost-of-living increase every year from 2017 onward. There was also an increase every year from 2012 through 2015 before the payment level was kept flat in 2016 because of a lack of inflation. The context around this Biden remark in Florida suggests he might have botched his repeat campaign line about Social Security payments increasing at the same time as Medicare premiums are declining. Regardless of his intentions, though, he was wrong.

A new corporate tax Biden repeatedly suggested in speeches in October and early November that a new law he signed in August, the Inflation Reduction Act, will stop the practice of successful corporations paying no federal corporate income tax. Biden made the claim explicitly in a tweet last week: “Let me give you the facts. In 2020, 55 corporations made $40 billion. And they paid zero in federal taxes. My Inflation Reduction Act puts an end to this.” But “puts an end to this” is an exaggeration. The Inflation Reduction Act will reduce the number of companies on the list of non-payers, but the law will not eliminate the list entirely. That’s because the law’s new 15% alternative corporate minimum tax, on the “book income” companies report to investors, only applies to companies with at least $1 billion in average annual income.

The debt and the deficit Biden said at the Tuesday rally in Florida: “Look, you know, you can hear it from Republicans, ‘My God, that big-spending Democrat Biden. Man, he’s taken us in debt.’ Well, guess what? I reduced the federal deficit this year by $1 trillion $400 billion. One trillion 400 billion dollars. The most in all American history. No one has ever reduced the debt that much. We cut the federal debt in half.” Biden offered a similar narrative at a Thursday rally in New Mexico, this time saying, “We cut the federal debt in half. A fact.” There are two significant problems here. First: Biden conflated the debt and the deficit, which are two different things. It’s not true that Biden has “cut the federal debt in half”; the federal debt (total borrowing plus interest owed) has continued to rise under Biden, exceeding $31 trillion for the first time this October. Rather, it’s the federal deficit – the annual difference between spending and revenue – that was cut in half between fiscal 2021 and fiscal 2022. Second, it’s highly questionable how much credit Biden deserves for even the reduction in the deficit. Biden doesn’t mention that the primary reason the deficit plummeted in fiscal years 2021 and 2022 was that it had skyrocketed to a record high in 2020 because of emergency pandemic relief spending. It then fell as expected as the spending expired as planned.

Read more …

“..don’t blame this poor old man it’s not his fault.”

NY Times Report That Biden Exaggerates His Economic Wins Stuns Twitter (Fox)

Critics of President Biden got a surprise on Friday, as the New York Times published a report grilling the 46th president for making exaggerations about his successes on the economy. Times reporters Alan Rappeport and Jim Tankersley published a piece on Friday titled, “As Elections Approach, Biden Spins His Economic Record,” which claimed that the president’s boasts about his economic achievements were not true. The report began by summing up the White House economic spin, “As President Biden and his administration have told it in recent months, America has the fastest-growing economy in the world, his student debt forgiveness program passed Congress by a vote or two, and Social Security benefits became more generous thanks to his leadership.” The piece declared, “None of that was accurate.”

The report also claimed, “The president, who has long been seen as embellishing the truth, has recently overstated his influence on the economy, or omitted key facts.” It then mentioned an erroneous claim recently made by the White House on Social Security. Quoting Biden and then correcting him, the Times said, “’On my watch, for the first time in 10 years, seniors are getting an increase in their Social Security checks,’ he declared. The problem: That increase was the result of an automatic cost-of-living increase prompted by the most rapid inflation in 40 years.” The piece added, “Mr. Biden had not done anything to make retirees’ checks bigger — it was just a byproduct of the soaring inflation that the president has vowed to combat.”

The official White House Twitter account made that same claim about Social Security this week, receiving a swift, community-based fact check from Twitter. The White House then took the tweet down. Further skewering Biden, the Times stated, “It is common for presidents to spin economic numbers to improve their pitch to voters,” yet “the president’s cheerleading has increasingly grown to include exaggerations or misstatements about the economy and his policy record.” The piece did insist that Biden’s “economic exaggerations generally pale in comparison to the tales spun by his predecessor, President Donald J. Trump,” though the very fact that a major liberal media outlet would go after Biden on falsehoods, turned heads on social media.

Conservative journalist Michael Caputo encouraged the paper to go further: “Go ahead say it, NYTimes, do it. You can say it: Biden is a liar.” Rep. Thomas Massie, R-Ky., tweeted, “I’m suspicious of NYT’s motivation for printing the truth about Biden. It’s out of character for them. Perhaps blaming him and his gaffs for the midterm results is the beginning of the left’s effort to replace him with a different nominee in 2024.” [..] National Review’s Jeff Blehar commented, “don’t blame this poor old man it’s not his fault.”

Read more …

One week after Musk took over, and 4 days before the midterms, Biden accused Twitter of “spewing lies all across the world”. I don’t recall Biden having said this before, but he must have, right?! Because content moderation hasn’t changed at all yet, as per Musk. Oh, and 60 orgs call on advertizers to withdraw their money. But what exactly made Twitter toxic? Just that Musk mentioned free speech?

There is no way this is not coordinated.

Biden Unleashes Tirade Over Musk Restoring Free Speech on Twitter (Turley)

Elon Musk has not actually changed the “content moderation” policies at Twitter yet, but President Joe Biden went on a virtual rave on Friday over the prospect of free speech breaking out on a single social media site. As a type of censor-in-chief, Biden has led calls for censorship on social media, which have been largely heeded by companies like Facebook and Twitter. Now Biden is accusing Twitter of “spewing lies all across the world” by seeking to reduce one of the largest censorship systems in history. The President lamented that the influence of the media will be “de minimus.” He is a bit late on that front. President Biden has previously accused social media companies of “killing people” by refusing to impose robust censorship over a wide range of subjects.

Many of those banned or censored were doctors with opposing views on the data and the science related to the pandemic. Some of those doctors were the co-authors of the Great Barrington Declaration, which advocated for a more focused Covid response that targeted the most vulnerable population rather than widespread lockdowns and mandates. Many are now questioning the efficacy and cost of the massive lockdown as well as the real value of masks or the rejection of natural immunities as an alternative to vaccination. Yet, these experts and others were attacked for such views just a year ago. Some found themselves censored on social media for challenging claims of Dr. Fauci and others. The Great Barrington Declaration was not the only viewpoint deemed dangerous.

Those who alleged that the virus may have begun in a lab in China were widely denounced and the views barred from being uttered on social media platforms. It was later learned that a number of leading experts raised this theory with Fauci and others early in the pandemic. We are now seeing increasing evidence of back channels used by government and political figures to maintain a censorship system by surrogate in the social media companies and foreign allies. The President, however, was in full censor-in-chief mode this week, referring to censors as “editors.” He denounced Musk who “goes out and buys an outfit that spews lies all across the world.” He then claimed “There are no editors anymore. There are no editors anymore.” The President added “the ability of newspapers to have much impact is de minimis.”

That last statement seemed to lament the loss of a close and active ally for the Democrats. Neutrality is anathema if you have largely been able to control political and social exchanges on social media. What the President said next. however, was particularly telling and chilling: “How do people know the truth? What do they — how do they make — make a distinction between fact and fiction? There’s so much — so much going on. And we’re in the middle of this.” Indeed, perish the thought that citizens might be left to pursue the truth on their own without the government or surrogates in the media framing it for them. How could we possibly “know the truth” without our social media overlords?

Read more …

“If one trains the system with badly categorized data it will be badly categorize data. It does not need an extra team to learn that.”

The Twitter Massacre (MoA)

I am amusing myself with watching the panic some people express over Elon Musk’s cleanup of Twitter. Yesterday 3,700 of its 7,500 workers were fired. That is not good, but the company was losing money and making money is at the core of the capitalist game. Of interest is what functions were eliminated. The Guardian provides this list: From news reports and terminated employees’ announcements, here’s what we know so far about the teams that have been hit by the layoffs of thousands of Twitter employees: • The human rights team has been laid off, according to a now former employee, Shannon Raj Singh, who said the team worked to protect those at risk in global conflicts, including in Ukraine, Afghanistan and Ethiopia. • The ML (machine learning) Ethics, Transparency and Accountability team is gone, according to a tweet of a laid-off manager. • The “internet technology team”, which helps keep the site running, has been cut to “a skeleton crew”, two sources told the Times. • An accessibly experience engineering team has been cut, according to a laid-off engineering manager. • The curation team, responsible for the Moments feature on Twitter, has also been cut, former employees reported.

Twitter’s communications department is almost entirely gone, according to the Verge. Other areas that have been heavily impacted, the Verge reported, include product trust and safety, policy, research and social good. What were these teams actually doing? The human rights team leader gave some hints: Shannon Raj Singh @ShannonRSingh – 17:58 UTC · Nov 4, 2022. “Yesterday was my last day at Twitter: the entire Human Rights team has been cut from the company. sI am enormously proud of the work we did to implement the UN Guiding Principles on Business & Human Rights, to protect those at-risk in global conflicts & crises including Ethiopia, Afghanistan, and Ukraine, and to defend the needs of those particularly at risk of human rights abuse by virtue of their social media presence, such as journalists & human rights defenders.”

The human rights team was the ‘regime change’ force on Twitter. It intervened in conflicts where the U.S. preferred a certain side. Shannon Raj Singh had previously meddled in Afghan and other countries’ cultures: “Shannon Raj Singh is a Legal Counsel for SAHR, advising a Kabul-based team on sexual violence litigation in Afghanistan, which aims to end the invasive and discriminatory practice of female virginity testing. She is an international criminal law attorney focused on victim-centered responses to mass atrocities. Currently based in The Hague, she has experience working with the Special Tribunal for Lebanon, the International Criminal Tribunal for Rwanda, and a number of human rights NGOs in sub-Saharan Africa. She has also practiced as a litigator in the United States, appearing in both state and federal courts and assisting with overseas corruption investigations under the Foreign Corrupt Practices Act.

The machine learning ethics, transparency and accountability team was also fired. Machine learning, also glorified as ‘artificial intelligence’, is essentially an (often lousy) pattern recognition system. It can be trained with categorized data and, after that, can categorized other data it gets presented. All one needs to know about its ethics, transparency and accountability is the old IT wisdom ‘garbage in garbage out’. If one trains the system with badly categorized data it will be badly categorize data. It does not need an extra team to learn that. I do not know what the ‘Internet technology team’ was doing but the function obviously still exists. It was merely downsized.

NBC Twitter

Read more …

“The SPARS PANDEMIC 2025-2028, published by the Johns Hopkins Centre for Health Security in October 2017..”

“You are the long-term data. You may die in the process but that’s science in the 21st century!”

Understanding the Reveal Stage of the Pandemic Play – Are We Winning? (LDS)

The SPARS PANDEMIC 2025-2028, published by the Johns Hopkins Centre for Health Security in October 2017, is another of those amazingly prescient, yet “entirely fictional” scenario plans that ended up looking like the blueprint for the actual covid pseudo pandemici. It is in fact the prequel to that other freakishly coincidental pandemic wargame, Event 201, hosted in October 2019 (a few weeks before SARS-COV-2 hit the headlines) by the same institution along with the CIA and the World Economic Forum (WEF). What business does the CIA and its brainchild, the WEF, have going anywhere near public health strategy planning? Absolutely none, unless of course public health strategy is to be used as a nefarious special purpose vehicle for intelligence services and the global corporate oligarchy.

[..] It is a masterclass in absurdity which has its roots in the inherent contradiction in drafting a plan that purports to deal with the inevitable fallout of a manufactured crisis while pretending that the crisis is not manufactured. Its aim is to present failure scenarios to public health spin doctors, referred to as “public health risk communicators”, and invite them to “mentally rehearse responses” to these failures. But, in providing pitiful explanations for all the failure scenarios, it effectively exposes the Medical Counter Measures (MCMs) of a corrupt pseudo pandemic for the sham that they are. Instead of mitigating the consequences of a real pandemic, the MCMs are the very things that perversely create the necessity for narrative spin and psyops.

[..] It is undoubtedly sinister because of its prediction of all the ‘errors’ and ‘mistakes’ that were made in the manufactured covid ‘pandemic’. In the latter sections of the document – the Reveal stage – the planners anticipate fallout from being unable to keep a lid on vaccine injury. Nevertheless, a somewhat happy ending for the pandemic planners is fashioned in their Pandemic Play. So, will they succeed in constructing the reality they desire? In the 2017 playbook, as “claims of adverse side effects beg[i]n to emerge”, the pandemic planners coyly suggest that the demands for the “removal of the liability shield protecting the pharmaceutical companies” will be deflected by the “emergency appropriation of [taxpayer] funds”. Because God forbid that Big Pharma, having siphoned off billions from the taxpayers’ purse for efficiently distributing poison, might then be subjected to the humiliation of footing the bill for the injuries caused by it.

The pandemic planners were also prepared for the ethical quandary of hastily mass injecting an experimental preparation with no long-term safety data. The ‘rare’ side effect rebuttal is alluded to by reference to “relatively few reports of neurological symptoms” while the problem is framed as an overblown social media response. Ultimately the blame is placed squarely at the feet of an ignorant public – those “demand[ing] proof that the vaccines [do] not cause long-term effects” are “displaying a fundamental misunderstanding of scientific research”! You just don’t get it, so let me spell it out to you on behalf of the pandemic planners. You, the entire public, the 5.3 billion people injected so far – you are the subjects of the experiment, and the experiment isn’t over until the CDC, FDA, MHRA et al say it is. You are the long-term data. You may die in the process but that’s science in the 21st century!

Read more …

 

 

 

 

 

 

 

Turkey map 2050

 

 

 

 

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

 

 

 

 

 

May 102022
 
 May 10, 2022  Posted by at 8:47 am Finance Tagged with: , , , , , , ,  45 Responses »


René Magritte The muscles of the sky 1927

 

Sen. Graham Pushes To Designate Moscow a State Sponsor of Terror (Antiwar)
Dems Ditch COVID Funds To Rush $40 Billion To Ukraine (ZH)
The Rise of the New Normal Reich (CJ Hopkins)
Xi Urges Europe To Promote Russia-Ukraine Peace Talks (ZH)
Rebranding Nazism (Keenan)
Won’t Get Fooled Again (John Tierney)
Germany Admits Covid ‘Vaccine’ 40 Times Deadlier Than Previously Known (RAIR)
Ron Johnson Opens Probe Into CDC Tracking Americans Through Phone Data (JTN)
Bill Gates Wants To Build A Dystopia (Unherd)
Florida At Center Of Bid To Slow Musk’s Purchase Of Twitter (JTN)
Durham Prosecution and Sussmann Defense Outline Trial Witnesses (CTH)
FBI Panicked After Trump Tweet Accusing Obama Of Spying On Campaign (ET)
Got the Heebie-Jeebies? (Jim Kunstler)

 

 

 

 

 

 

 

 

“Graham boldly called on the US to “take out Putin” and said the Russian leader no longer had an “off-ramp.”

Sen. Graham Pushes To Designate Moscow a State Sponsor of Terror (Antiwar)

Senator Lindsey Graham said the US must pursue an even more aggressive strategy against Russia. While appearing on Fox News Sunday with Brett Baier, the hawkish Senator advocated for a barrage of actions targeting Moscow. Graham promoted a new piece of legislation he co-authored with Senator Richard Blumenthal that calls on the White House to designate Russia as a state sponsor of terrorism. Senator Graham published an op-ed Friday, arguing the designation will allow the US to conduct more legal and economic warfare against Russia. However, Graham does not link Russia to a terrorist group. Rather, he compares the invasion of Ukraine to the Nazi military campaign during World War Two and claims Vladimir Putin is a “megalomaniac wanting to rewrite the map of Europe and recreate the former Russian Empire.”

The Senator also urges the passing of the $33 billion aid bill for Ukraine, prosecuting Putin for war crimes through the International Criminal Court, and putting “more weapons in theater that can target the Russian military offensively.” On Saturday, the Speaker of the Russian State Duma claimed the Western intervention in Ukraine amounted to direct attacks on Russia. “Washington essentially coordinates and develops military operations, thereby directly participating in the hostilities against our country,” Vyacheslav Volodin said.

Baier posed two questions to Graham, asking if he was concerned that increasing military involvement in Ukraine could lead to direct confrontation with Russia. The Senator was dismissive of the potential conflict between nuclear powers saying, “we can’t let him [Putin] win in Ukraine.” Graham boldly called on the US to “take out Putin” and said the Russian leader no longer had an “off-ramp.”

Abrams tanks
https://twitter.com/i/status/1523887945022939136

Read more …

A two-party system, you said?

“..Secretary of State Antony Blinken and Defense Secretary Lloyd Austin sent a letter to House Speaker Nancy Pelosi and top House Republican Kevin McCarthy begging for the funds..”

Dems Ditch COVID Funds To Rush $40 Billion To Ukraine (ZH)

Congressional Democrats are rushing forward to whip up $39.8 billion in additional Ukraine aid, after agreeing to drop a a proposal for additional COVID-19 related funding they planned to combine. The package, which tops President Joe Biden’s $33 billion request in April, could receive a House vote as soon as Tuesday, with Senate Democrats indicating that they are prepared to move swiftly according to Reuters. “Biden on April 28 asked Congress for $33 billion to support Ukraine, including more than $20 billion in military assistance. That proposal was a dramatic escalation of U.S. funding for the war with Russia. The new proposal includes an additional $3.4 billion for military aid and $3.4 billion in humanitarian aid, the sources said.” -Reuters

While emergency aid for Ukraine has had bipartisan support for weeks, disputes over domestic funds for pandemic relief, or whether stiffer immigration controls should be included, have delayed the process. “We cannot allow our shipments of assistance to stop while we await further congressional action,” read a statement from President Biden, who called on lawmakers to expedite the funding so he could sign it within the next few days. The urgency comes after Secretary of State Antony Blinken and Defense Secretary Lloyd Austin sent a letter to House Speaker Nancy Pelosi and top House Republican Kevin McCarthy begging for the funds, which they said would run out in two weeks.

“We need your help” wrote Austin and Blinken, who said there was ‘only’ $100 million left from a presidential authorization of weapons (which required no congressional approval). “We expect to exhaust that authority no later than May 19, 2022,” the letter continues. “Senate Republican Leader Mitch McConnell told reporters he was pleased the Ukraine assistance was decoupled from COVID-19 aid. He had advocated for a “clean” Ukraine bill repeatedly in speeches in the Senate”. -Reuters

Sky News

Read more …

“..the official history of the 2020-2021 Covid pandemic is being written and the actual history being memory-holed in real time, right before our eyes.”

The Rise of the New Normal Reich (CJ Hopkins)

I told you this part wasn’t going to be pretty. I didn’t think it would get to the point where the Wall Street Journal would go full Buck Turgidson and call on the United States to “show it can win a nuclear war,” but I wasn’t entirely off the mark either. Back in January (i.e., a million years ago), in The Last Days of the Covidian Cult, I wrote: ” … we are getting dangerously close to the point where GloboCap will need to go full-blown fascist if they want to finish what they started. If that happens, things are going to get very ugly. I know, things are already ugly, but I’m talking a whole different kind of ugly. Think Jonestown, or Hitler’s final days in the bunker, or the last few months of the Manson Family.”

I don’t know about you, but I kind of feel like the threat of global thermonuclear war qualifies as a “different kind of ugly.” And, OK, before you accuse me of exaggerating the danger of the ungodly mess that GloboCap has made in the Ukraine, I’d like to point out that even Thomas Friedman is starting to sound the alarm. Thomas fucking Friedman, folks … a man with no moral conscience whatsoever, who has never met a GloboCap war of aggression that he could not support, and who has justified the gratuitous barbecuing of millions of men, women, and children without so much as a second thought throughout his long and lucrative career as an A-List mouthpiece for the ruling classes. When The Stash gets nervous, I start to get nervous.

Also, there’s the GloboCap Nazi thing. I’m not exactly a hothouse flower, but I have to admit that watching my liberal friends and colleagues go goo-goo for actual swastika-tattooed, Sieg-heiling Nazis has rattled my nerves a little bit. OK … I’m sorry, we’re not allowed to call them “Nazis.” I believe “defenders” is the term du jour. Seriously, here’s an actual screenshot from The Guardian featuring the leader of the neo-Nazi Azov Detachment …

Oh, and meanwhile, as the rough beast slouches toward Bethlehem, and the former fanatical Covidian Cultists turned fanatical Ukrainian Cultists scream for “more weapons” and “more direct engagement,” and revel in their anguish for the wives of neo-Nazis, the official history of the 2020-2021 Covid pandemic is being written and the actual history being memory-holed in real time, right before our eyes.

Read more …

Our next big enemy is asking for peace talks. Can’t trust that.

Xi Urges Europe To Promote Russia-Ukraine Peace Talks (ZH)

During a Monday virtual meeting between Chinese President Xi Jinping and German Chancellor Olaf Scholz, Xi stressed that Europe must play an active role in promoting peace talks, and in “building a balanced, effective and sustainable European security framework,” according to China’s state media. Xi said “all efforts must be made to avoid the intensification and expansion of the Ukraine conflict, and China welcomes all efforts that are conducive to promoting peace talks,” according to a translation. “China welcomes all efforts of the international community that facilitate the ceasefire and negotiations, the relevant parties should support Russia and Ukraine in reaching peace through negotiations,” the Chinese leader said further.

Since nearly the start of the conflict, Washington has charged that Beijing is providing behind-the-scenes support for Russia’s invasion of Ukraine, something which Chinese officials have consistently denied. China has also come under fire for appearing to provide political cover in its criticisms of NATO which echo the Russian position. Cui Heng, an assistant research fellow from the Center for Russian Studies of East China Normal University, was featured in China’s state-run English daily Global Times as describing Beijing’s perspective that time is running out on Washington’s muscular efforts at arming and propping up Ukrainian forces amid the Russian onslaught. This is why new pressure has been put on America’s European allies to step up and do more, even as China argues they must get serious about negotiations and compromise.

“Cui said the growing pressure and sanctions by the US and its allies showed that the West was anxious to defeat Russia, especially as the Biden administration is facing huge pressure over a weakening domestic economy and hefty financial aid for Ukraine, knowing that getting deeper into the mire of the Russia-Ukraine conflict would harm its domestic midterm election prospects,” GT states. “On the other hand, Wang said with its support for Ukraine stretched to the limit, the US was in urgent need of its allies to demonstrate their commitment to the cause, and help its military sector continue making money from sending weapons to Ukraine,” the report adds.

Read more …

“..the perennial Western purveyors of fake news, such as The New York Times, CNN and the BBC, declare themselves to be gatekeepers of truth, integrity and morality. ”

Rebranding Nazism (Keenan)

As a teacher of history, the topic of Nazi Germany is always one which generates numerous questions from students. How were the Nazis able to convince the public to vote for them? How did they convince the people to go along with their fascist agenda and barbaric policies? How was the Holocaust allowed to take place? Despite discussing the role of propaganda and censorship, as well as the fear of opposing the Nazi regime, one still finds students often somewhat bemused. Moreover, many invariably argue that nowadays, due to social media, the Internet, and other methods of communication, the evils of Nazism could never succeed in flourishing again.

However, that is about to change. One only has to look at the manner in which the Azov Battalion, a fully-fledged Ukrainian Nazi militia, with significant influence, has been whitewashed in the space of ten weeks. Whereas prior to February 24th 2022, they were recognised as a neo-Nazi battalion, these fascists are now being portrayed as valiant defenders of an oppressed people, fighting bravely against insurmountable odds. In the past, we have become only too well aware of the role played by the media and big tech in propagandising and manufacturing consent. Whether it’s the mainstream media parroting establishment talking points, Facebook, Twitter and Youtube censoring dissenting views, or Paypal denying media outlets access to their own accounts apparently due to their political stances, Western disinformation full-spectrum dominance appears to be at its zenith.

Yet, the perennial Western purveyors of fake news, such as The New York Times, CNN and the BBC, declare themselves to be gatekeepers of truth, integrity and morality. And this, despite their lies which facilitated the slaughter and deaths of over a million men, women and children, in the invasion and occupation of Iraq. But still it goes on, right up to the present. From the Ghost of Kiev to Snake Island, the Collective Western media has acted as stenographers for the Western and Ukrainian regimes. The examples are too numerous to mention, but the media coverage of the air strike at a railway station in Kramatorsk provided a striking example of the overt and cynical propaganda role the western media has played throughout this conflict.

Read more …

“They assumed that the Centers for Disease Control knew how to control disease and that scientists and public-health officials would provide sound scientific guidance about public health. Those were reasonable assumptions. They just turned out to be wrong..”

Won’t Get Fooled Again (John Tierney)

It’s been a two-year-long version of Hell Week, especially in America’s blue states, with Anthony Fauci and Democratic governors playing the role of fraternity presidents humiliating the pledges. Americans obediently donned masks day after day, stood six feet apart, disinfected counters, and obsessively washed their hands while singing “Happy Birthday.” They forsook visits to friends and relatives and followed orders to skip work and church. They forced young children to wear masks on the playground and in the classroom—a form of hazing too extreme even for Europe’s progressive educators. Some Americans refused to submit to these rituals, but their resistance only intensified solidarity among the faithful. The most zealous kept their masks on even after they were vaccinated, even when walking alone outdoors.

The mask became their version of a MAGA hat or a fraternity brother’s ring; some have vowed to keep wearing theirs long after the pandemic. They’ve already called for permanent masking on airplanes, trains, and buses, and they’ll probably clamor for more school closures and lockdown measures during future flu seasons. Facts alone will not be enough to change their minds. To undo the effects of the hazing, we need to ease their cognitive dissonance by showing that they’re not to blame for their decisions. The mental mistakes were not made by citizens who dutifully sacrificed for two years. They assumed that the Centers for Disease Control knew how to control disease and that scientists and public-health officials would provide sound scientific guidance about public health. Those were reasonable assumptions. They just turned out to be wrong.

After a great disaster, the traditional response is to appoint a blue-ribbon panel to investigate it, and a bill has already been introduced in Congress to create a Covid commission. In theory, this could be a worthy public service, allowing experts to sift the evidence impartially and determine which strategies worked, which ones failed, how much needless damage was done—and whom to blame for it. But in practice, which experts would the current Democratic administration or Congress appoint? Presumably, the pillars of the public-health establishment—the same luminaries whose advice was followed so calamitously the past two years.

Aerosols

Read more …

Cracks are showing.

Germany Admits Covid ‘Vaccine’ 40 Times Deadlier Than Previously Known (RAIR)

German study: The number of those suffering from serious complications after taking the COVID vaccine is 40 times higher than previously known. Charité in Berlin is carrying out a study on the side effects of receiving corona vaccinations. Professor Harald Matthes is leading the research and is calling for more contact points for those affected. The study “Safety Profile of Covid-19 Vaccines”, which focuses on the effects and side effects of the various vaccines, has been running for a year. Around 40,000 vaccinated people are interviewed at regular intervals throughout Germany. Participation in the study is voluntary and independent of how the vaccines work in the subjects.

One result: eight out of 1,000 vaccinated people struggle with serious side effects. “The number is not surprising,” explains Prof. Dr. Harald Matthes, head of the study: “It corresponds to what is known from other countries such as Sweden, Israel, or Canada. Incidentally, even the manufacturers of the vaccines had already determined similar numbers in their studies.” With conventional vaccines, such as against polio or measles, the number of severe side effects is significantly lower. Serious side effects are symptoms that last for weeks or months and require medical attention. These include muscle and joint pain, heart muscle inflammation, excessive reactions of the immune system, and neurological disorders, i.e., nervous system impairments.

“Most side effects, including severe ones, subside after three to six months; 80% heal. But some last much longer,” reports Professor Matthes. Around 179 million Covid-19 vaccine doses have been administered in Germany so far. “Given around half a million cases with serious side effects after Covid vaccinations in Germany, we doctors have to take action,” emphasizes Prof. Matthes, who, in addition to his work at the Berlin Charité, is on the board of several medical specialist societies and has been systematically examining the effect of medicinal products for years. “We have to come to therapy offers, discuss them openly at congresses and in public without being considered anti-vaccination.”

It is particularly depressing for those affected that their complaints are often not taken seriously. Doctors in private practice would often not associate the symptoms with the vaccinations because they were either not prepared for them or did not want to expose themselves, given the heated political mood. This is also evidenced by the many letters to the head of the study, Professor Matthes. Those affected describe their often months-long search for practical medical help and recognition. In addition, they show that suspected cases are not officially reported. And so, the numbers of severe vaccination reactions at the Paul Ehrlich Institute, at 0.2 reports per 1,000 vaccine doses, are also significantly lower than those in the Charité study.

Read more …

CDC=China.

Ron Johnson Opens Probe Into CDC Tracking Americans Through Phone Data (JTN)

Wisconsin Republican Sen. Ron Johnson is investigating the Centers for Disease Control and Prevention (CDC) for tracking millions of Americans during the COVID-19 pandemic. The CDC paid one company $420,000 to access location data for at least 20 million cell phones a day, a Vice Motherboard investigation revealed last week. While the CDC claimed it needed access to the data to fight COVID, documents show the data was used “to support non-COVID-19 programmatic areas and public health priorities.” Johnson criticized the CDC’s phone tracking efforts Monday on “Just the News – Not Noise.” “Just because data exists, doesn’t mean that the government should be using it to track Americans, I would think that that really raises some very serious constitutional issues,” Johnson noted.


In a letter to CDC Director Rochelle Walensky on Thursday, Johnson wrote, “It remains unclear why the CDC tracked millions of Americans during the pandemic and whether it continues to do so. In response to COVID-19, the CDC should have been prioritizing the development of treatments, effective testing, and vaccine safety rather than tracking Americans’ daily lives.” He demanded answers from the CDC on the purchase and use of location data, including whether the agency used other mechanisms to monitor Americans throughout the pandemic. Johnson told editor-in-chief John Solomon, “I think the government is becoming way too big, and way too powerful.”

Read more …

“Molnupiravir costs US$17.74 per dose to manufacture, according to an estimate from researchers at Harvard and King’s College London, but is being retailed to the US government for US$712 per course — a profit of 4,000%..”

Bill Gates Wants To Build A Dystopia (Unherd)

Now Gates is tired of all the conspiracies. He asks his critics to judge him by his actions. And the best way to do so is by reading the book: does Gates have anything sensible to say about the best way to combat future pathogenic outbreaks? His model for the future is built on what he feels has worked over the past two years: isolate contacts, close borders, lockdown as quickly as possible, then remove restrictions slowly and cautiously. He cites Dr Anthony Fauci, who Gates says he spoke to once a month during the pandemic: “Not only should you appear to overreact at first, as Tony Fauci said, but you also have to be careful about relaxing all NPIs [non-pharmaceutical interventions] too soon.”

Meanwhile, you should invest enormous sums in boosting global public health systems, vaccine production in poor and rich countries, and fund a Global Pandemic Emergency Response Unit to monitor potential outbreaks. The aim, says Gates, is to vaccinate the entire world — twice if necessary — within six months while lockdown measures restrict the spread of the new pathogen. It all sounds so reasonable, doesn’t it? Or it might do to those who haven’t seen the footage of Shanghai’s lockdown circulating on social media, to those who can work online in relative comfort, or indeed to billionaires with comfortable gardens and libraries in which to while away those six months. With the Gates model, a little translation is in order.

The massive investment required to make this vision happen is a good starting point. Where will it come from? Gates is a well-known philanthropist, and makes much of the more than US$2 billion which the Bill and Melinda Gates Foundation have ploughed into fighting Covid-19. Yet this is a small amount compared to the US$6 billion that the US government has invested in the Moderna vaccine alone. As Gates points out, “Most of the world’s greatest talent for translating research into commercial products is in the private sector… It’s the government’s role to invest in the basic research that leads to major innovations, adopt policies that let new ideas flourish.”

Translation: taxpayers invest in developing products through government agencies, and private companies and their shareholders reap the profits. How does this work in practice? Gates does not give what we might call full disclosure. He offers the example of the antiviral Molnupiravir which “Merck and its partners developed”. It was authorised to great fanfare as a Covid treatment in November 2021. Yet Merck did not develop this drug. It was initially developed as a veterinary drug for horses at Emory University, with a US$19 million grant from Fauci’s NIAID and funding from other sectors of the US government. Molnupiravir costs US$17.74 per dose to manufacture, according to an estimate from researchers at Harvard and King’s College London, but is being retailed to the US government for US$712 per course — a profit of 4,000%.

Read more …

“..because of an arrangement he reportedly had with Twitter founder Jack Dorsey and Musk’s financial adviser Morgan Stanley, the plaintiffs argue Musk was an “interested stockholder”..”

Florida At Center Of Bid To Slow Musk’s Purchase Of Twitter (JTN)

Florida is once again at the center of a Twitter war, this time by an Orlando pension fund attempting to slow its purchase after Gov. Ron DeSantis said the state was looking into ways it can potentially “hold accountable” Twitter’s board of directors. The city of Orlando’s Police Pension Fund filed a class action lawsuit May 6 in an attempt to block or slow the sale of Twitter. It argues Delaware law prevents billionaire Elon Musk from immediately purchasing Twitter because it alleges he’s “an invested stockholder.” The lawsuit could hold up Musk’s $44 billion approved purchase of Twitter until 2025 if a judge rules in the plaintiffs’ favor.

The $734 million pension fund, the only plaintiff in the lawsuit, filed in Delaware Chancery Court. Twitter, Inc., Parag Agrawal, Mimi Alemayehou, Jack Dorsey, Egon Durban, Martha Lane Fox, Omid Kordestani, Fei-Fei Li, Patrick Pichette, David Rosenblatt, Bret Taylor, Robert Zoellick, and Elon Musk are named as defendants. On April 25, Twitter agreed to Musk’s terms to purchase its entire stock at $54.20 a share in cash, valued at roughly $44 billion. However, the lawsuit alleges the sale “may not lawfully close until 2025 absent approval by the affirmative vote of 66 2/3% of Twitter’s voting stock not ‘owned’ by Musk,” citing Section 203 of Delaware corporate law.

Section 203 prohibits corporations from engaging in any business with any stockholder for at least three years after the date the stockholder owns at least 15% of the corporation’s outstanding stock. Musk owned 9.6% of Twitter’s outstanding voting stock when its board approved the sale. But because of an arrangement he reportedly had with Twitter founder Jack Dorsey and Musk’s financial adviser Morgan Stanley, the plaintiffs argue Musk was an “interested stockholder” representing more than 15%. Dorsey owned 2.4%, and Morgan Stanley 8.8%, at the time of the sale.

Read more …

“If Sussmann is found guilty it makes the media culpability look even worse. The media was pushing the same false information to the public that Michael Sussmann was pushing into the FBI.”

Durham Prosecution and Sussmann Defense Outline Trial Witnesses (CTH)

With mostly wins and a few losses in the pre-trial evidentiary hearings for Special Counsel John Durham, the case against Clinton lawyer Michael Sussmann is scheduled for trial next week. Now the witness lists are coming forth. WASHINGTON – […] “Robby Mook, who managed Hillary Clinton’s 2016 campaign, Clinton campaign attorney Marc Elias and FBI counterintelligence leader Bill Priestap and former top FBI lawyer James Baker are among those called as government witnesses, said prosecutor Andrew DeFilipiis”. Additionally, Laura Seago, a top tech official at research firm Fusion GPS (she has immunity in exchange for testimony); Deborah Fine, a Clinton campaign lawyer; and a CIA official identified as Kevin B are also on the prosecution list.

[…] Defense attorneys unveiled their own high-powered witness list. It includes Justice Department Inspector General Michael Horowitz, former acting Assistant Attorney General Mary McCord and Pulitzer Prize-winning New York Times reporter Eric Lichtblau. Depending on preset Perkins Coie leverage and risk exposure, other officials from deep inside the DOJ/FBI small group operation may also be forced to stand as defense witnesses by Sussmann’s team. The lawfare combat teams look interesting. The prosecution calling Marc Elias as a witness looks like a great opportunity for: (1) evidence against him for later use; and/or (2) a perjury trap. The defense planning to call Inspector General Michael Horowitz puts the office of the IG into a suspicious position. Horowitz is a baddie.

Mary McCord is a conniving manipulator for the worst elements of the deep state, so it makes sense she would give testimony to defend Sussmann. McCord was a central figure in how the DOJ National Security Division sought to frame the appearance of the Trump-Russia collusion nonsense, and it was Mary McCord who later coordinated the National Security Council leaks between Alexander Vindman and anonymous CIA whistleblower, Eric Ciaramella. [..] On the prosecution side, Laura Seago (with immunity) has details of the motives inside Fusion GPS by owner/operators Glenn Simpson and Peter Fritsch. Her testimony should be interesting and will likely overlap into other prosecutions if there are any.

Bill Priestap was Peter Strzok’s boss and James Baker was FBI legal counsel. If there was anyone who seemed less willing (slightly) to frame Trump you could make an argument that Priestap and Baker were the least corrupt on the scale of internal corruption. From the perspective of criminal conduct they would be the two FBI insiders less willing to take a fall. Keep in mind the media has a strong vested interest in the Sussmann prosecution. If Sussmann is found guilty it makes the media culpability look even worse. The media was pushing the same false information to the public that Michael Sussmann was pushing into the FBI.

Read more …

“The FBI also knew that the Alfa Bank story, which claimed that a Trump server was communicating with a Russian bank—information that had been brought to them by Sussmann—was bogus.”

FBI Panicked After Trump Tweet Accusing Obama Of Spying On Campaign (ET)

Newly released notes taken by high-level Department of Justice (DOJ) officials during a March 6, 2017, meeting with FBI leadership expose some of the lengths the FBI engaged in to cover up its spying on the 2016 campaign of President Donald Trump. The notes were released on May 8 by lawyers representing former Hillary Clinton campaign lawyer Michael Sussmann as part of an effort to clear him on charges of having lied to the FBI. The notes, in reality, appear to do little to exonerate Sussmann but do provide quite a bit of information on the FBI. The meeting at which the notes were taken took place just two days after Trump’s March 4, 2017, tweet in which he accused former President Barack Obama of having wiretapped Trump Tower.

Trump’s tweet panicked FBI leadership, who were unsure exactly how much Trump knew about their efforts to tie him up with Russia collusion allegations. What the notes reveal is that in response to the tweet, they tried to cover their tracks. By March 2017, FBI leadership already knew with near-certainty that the Trump–Russia collusion claims were a hoax. They knew that Clinton’s campaign had a plan to vilify Trump by portraying him as a puppet of Putin. The FBI also knew that not a single claim in the so-called Steele dossier—which was the primary source of allegations of Trump–Russia collusion—had checked out. In fact, at that point, the FBI had already spent three days interviewing Steele’s primary source, Igor Danchenko, who disavowed pretty much every claim in Steele’s dossier.

The FBI also knew that the Alfa Bank story, which claimed that a Trump server was communicating with a Russian bank—information that had been brought to them by Sussmann—was bogus. In short, the FBI knew that all the claims of Trump-Russia collusion had proven to be fake. But things took a sudden and dramatic turn on March 4, 2017, when Trump said on Twitter that he knew that Obama had wiretapped Trump Tower, a very public claim of spying that set off alarm bells with both FBI and DOJ leadership. Trump’s tweet so alarmed these DOJ and FBI officials that the topic dominated a meeting two days later that included FBI Deputy Director Andrew McCabe and the acting U.S. attorney general, Dana Boente.

Read more …

“Are they beset by “disinformation” or is it rather the reality of a cratering nation run by idiots and maniacs?”

Got the Heebie-Jeebies? (Jim Kunstler)

Everyone I know is walking around in a baseline state of nervous agitation. Are they beset by “disinformation” or is it rather the reality of a cratering nation run by idiots and maniacs? Everywhere you look, calamities gather speed while the klaxons of alarm blare from all compass points. Got money? Looks like soon it will be worthless. Wondering if Mr. Putin has had enough of “Joe Biden’s” brainless effrontery to lob some hypersonic Big Ones in our collective face? Relying on that retirement account you have no direct control over while the financial markets wobble? Need to fill up the gas tank of your pickup truck twice a week? Can’t find a new condenser to fix the failing fridge? Entertaining rumors of looming famine. Credit cards maxed out?

Sheriff stapling an eviction notice on your door? Beloved younger brother declaring that henceforward they are your sister? Hearing that all those vaxxes and boosters you obediently submitted to might rearrange your DNA? These are just a few of the concerns zinging through the zeitgeist these late days of the republic. You are correct to be anxious about them, so at least don’t worry about worrying. Just understand that the more events spool out in the direction of danger, the more you will be warned against “disinformation.” The good part is that now we know the identity of at least one person who is officially in charge of that: “disinformation expert” Nina Jankowicz (NiJank), new chief of Washington’s Disinformation Governance Board. Whose idea was that, by the way?

Homeland Security Sec’y Alejandro Mayorkis (AlMay) didn’t seem to know anything pertaining to disinformation last week when grilled in committee by Senator Rand Paul (R-KY), including two of the most notorious cases in recent memory: Did the Steele Dossier include Russian disinformation? AlMay said he was “not equipped” to answer that question. Ditto the question — now definitively settled — as to whether Hunter Biden’s laptop stuffed with grifting memoranda was for-real. Of course, both of those matters were labeled previously as disinformation by his new expert hire, NiJank, who, it appears, is similarly unequipped to discuss the particulars at issue. But all this does raise the parallel issue: how much depraved insolence is the public supposed to tolerate from its public servants?

Read more …

 

 

 

 

 

 

 

WEF

 

 

 

 

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