Sep 012023
 
 September 1, 2023  Posted by at 8:41 am Finance Tagged with: , , , , , , , , ,  35 Responses »


Laurits Andersen Ring At Breakfast 1898

 

US Getting ‘Money’s Worth’ In Ukraine – Sen. Blumenthal (RT)
US Congress To Consider Pro- and Anti-Nazi Amendments (RT)
Heritage Suggested We Form A Ukraine Strategy. Neocons Lost Their Minds (Fed.)
Living on a War Planet (Bromwich)
Hungary Blocks EU Military Aid To Ukraine – Borrell (RT)
Biden Will Use Covid To Rig Election – Trump (RT)
Trump Reportedly Rambled Non-Stop During NY Deposition (Manley)
‘Obama’s Man In Africa’ Under House Arrest As Popular Coup Rocks Gabon (GZ)
The Real Threat From China: They’re Better at Capitalism Than We Are (Lawrence)
Does BRICS Need Its Own Currency? (Pepe Escobar)
From One Unapologetic Media Hoax to the Next (VDH)
New Meanings of ‘Deep State’ and ‘Working Class’ (Matt Taibbi)
Glyphosate Exposure Linked to Severe Depression and Cognitive Decline (SP)

 

 

 

 

Watters Biden book

 

 

RFK
https://twitter.com/i/status/1697198312259006945

 

 

Tulsi

 

 

Macgregor

 

 

Hotel Ukraine

 

 

Tucker Portnoy

 

 

 

 

 

 

“We’ve helped restore faith and confidence in American leadership — moral and military..”

Have we completely lost oversight of how obscene this is?

US Getting ‘Money’s Worth’ In Ukraine – Sen. Blumenthal (RT)

The US is using Ukraine as the “tip of the spear” against Russia, getting a major return on its “investment” in Kiev without any American lives lost, according to Senator Richard Blumenthal, a Connecticut Democrat. “Even Americans who have no particular interest in freedom and independence in democracies worldwide, should be satisfied that we’re getting our money’s worth on our Ukraine investment,”Blumenthal argued in an op-ed, published earlier this week by the Connecticut Post. “For less than 3 percent of our nation’s military budget, we’ve enabled Ukraine to degrade Russia’s military strength by half. We’ve united NATO and caused the Chinese to rethink their invasion plans for Taiwan.

“We’ve helped restore faith and confidence in American leadership — moral and military. All without a single American service woman or man injured or lost, and without any diversion or misappropriation of American aid,” he claimed. The senator’s unsubstantiated and unverifiable claims were made after he visited Kiev with fellow Democrat Elizabeth Warren of Massachusetts and Republican Lindsey Graham, a South Carolina Republican. Blumenthal was impressed by Zelensky’s “magnetic energy” and “resolve and resilience,” and taken by his admission that “Ukraine could not have survived without America and our allies.” “Ukraine is at the tip of the spear, fighting our fight for independence and freedom,” the senator claimed.

Zelensky doesn’t want or need US troops, but “he deeply and desperately needs the tools to win,” Blumenthal added, providing a wish list of more tanks, planes, guns, ammunition and everything else. The US has so far committed over $130 billion in funding to Ukraine, covering everything from HIMARS multiple rocket launch systems, M777 towed artillery, M1 Abrams tanks, Bradley infantry fighting vehicles, Javelin and Stinger missiles, Patriot air defense batteries, ammunition, equipment, and even salaries for Ukrainian soldiers and government officials.

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Obscene 2. Funding Azov.

US Congress To Consider Pro- and Anti-Nazi Amendments (RT)

Congresswoman Victoria Spartz, an Indiana Republican, has proposed an amendment to the 2024 Pentagon funding bill that would remove the 2018 prohibition on funding ‘Azov’ due to the Ukrainian unit’s neo-Nazi character. Fellow Republican Andy Ogles of Tennessee, on the contrary, wants to explicitly ban the Pentagon from providing intelligence to Azov. The Spartz amendment would “Strike section 8105 of the bill which prohibits funds to the ‘Azov Battalion’,” according to documents posted on the website of the House Rules Committee. It would amend HR 4365, the Department of Defense Appropriations Act for the next fiscal year, which begins in October. Journalist Aida Chavez noticed the amendment on Thursday, along with several other proposals by Republican lawmakers, who have a slim majority in the House.

Ogles, on the other hand, wants to expand Section 8105 to ban the US from providing intelligence to Azov, and also ban any aid to the ‘Russian Volunteer Corps’ (RVC). He had previously tried to ban any “funding, equipment, training, fuel, or other support” to “the Russian Volunteer Corps, the Azov Battalion, or any other neo-Nazi militia” in Ukraine in an amendment to the National Defense Authorization Act (NDAA). ‘Azov Battalion’ was originally a militia set up by the notorious neo-Nazi Andrey Biletsky after the 2014 US-backed coup in Kiev, that took part in Ukraine’s crackdown on dissidents in Kharkov and Donetsk. Biletsky admitted to several Western outlets that he handpicked their symbols – the ‘Wolfsangel’ rune used by the German 2nd SS Panzer Division ‘Das Reich’ in WWII, and the ‘Black Sun’ logo beloved by SS leader Heinrich Himmler.

Spartz was elected in 2020 and represents Indiana’s 5th congressional district. She was born in Chernigov, in present-day Ukraine, and immigrated to the US in 2000. Her amendment is the first time any US lawmaker has attempted to repeal Section 8105 since it was passed in 2018. In late 2019, a group of 40 House Democrats wrote to the State Department describing Azov as a “violent white supremacist” group “that openly welcomes neo-Nazis into its ranks.” The unit responded by accusing them of hostility to Ukraine. Azov has since been fully integrated into Ukraine’s armed forces. The ‘Azov Tactical Group’ is currently operating as part of the 3rd Separate Assault Brigade, recently visited by President Vladimir Zelensky on the Donbass front.

Several other House Republicans have proposed more Ukraine-related amendments to the Pentagon funding bill. Matt Gaetz of Florida and Marjorie Taylor Greene of Georgia want to block any funds from being used for Ukraine. Greene also wants to ban “the conduct of ground operations in Ukraine by the US Armed Forces or intelligence officials of the US.” Paul Gosar of Arizona has proposed redirecting all $300 million from the Ukraine Security Assistance Initiative (Section 8104) to the pay of enlisted service members, while his colleague Andy Biggs wants to delete the entire section outright. Montana’s Matt Rosendale would block all spending on Ukraine “until a border wall system along the US-Mexico border is completed and operational control of such border is achieved.”

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“..even if one accepts that we should be supporting Ukraine to the hilt, it’s fair to ask what the plan is to end the war — and no, “until Russia is totally defeated” is not a serious response, much less a strategy.”

Heritage Suggested We Form A Ukraine Strategy. Neocons Lost Their Minds (Fed.)

The Heritage Foundation came under fire [last] week from a bunch of politically toxic neocons for suggesting we should prioritize helping Americans suffering from natural disasters like the Maui wildfires over funding a grinding war of attrition between Ukraine and Russia. A radical suggestion, I know. The background here is that under the leadership of President Kevin Roberts, Heritage has been saved from irrelevance by focusing less on what establishment neocon Beltway elites think is important and more on what ordinary Americans actually want. And one of the things they want is for Congress to stop pouring taxpayer dollars into Ukraine. In an op-ed last week, Roberts noted this as part of a pointed criticism of an underhanded White House plan to force another round of aid to Ukraine into a supplemental funding bill that would add money to FEMA’s depleted Disaster Relief Fund (DRF).

Roberts rightly says this is a dirty trick designed to pressure Republicans to support more aid to Ukraine by tying it to aid for hurricane and wildfire victims. Then this week, Heritage posted a couple of ads making the entirely fair point that every American has now sent more money to Ukraine than to the victims of the Maui fires. One of those ads argued that until the Biden administration comes up with a plan to end the war, Congress shouldn’t approve another cent of aid. Reasonable people can disagree about how much support Americans owe the Ukrainians in their struggle against Russia. But even if one accepts that we should be supporting Ukraine to the hilt, it’s fair to ask what the plan is to end the war — and no, “until Russia is totally defeated” is not a serious response, much less a strategy.

This war, like nearly all wars, will end with a negotiated political settlement. Since American taxpayers are funding the war, they deserve to know if our leaders have a plan to end it that doesn’t amount to World War III. As the war drags on, it seems increasingly obvious they do not have such a plan. Their only policy seems to be to keep funneling money into Ukraine with little to no oversight and no strategy to forge a durable peace settlement. But for Heritage to articulate all of this was too much for the neocons. As with one voice, they denounced Heritage and invoked Ronald Reagan, declaring that Reagan is surely “rolling over in his grave,” as both Marc Thiessen and Avik Roy put it. National Review’s Jay Nordlinger went a step further, pronouncing that the Heritage Foundation has become a “moral obscenity.”

Elsewhere at NR — which unlike Heritage has not managed to escape irrelevance — there was an unintentionally hilarious post from Dominic Pino critiquing Heritage’s position on U.S. aid to Ukraine. Pino managed to sum up the neocon worldview in a single line, noting that “not all the money goes to Ukrainians. Much of it goes to U.S. defense contractors, which employ Americans and contribute to U.S. economic output.” Ah yes, there’s nothing like bankrolling foreign wars with no end-game strategy to get the American economy going. Defense contractors are Americans too! Think about it, the Ukraine war is a U.S. jobs program!

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Q: If, as the author here, you realize the Russia SMO was provoked, at what point does the reaction to the provocation become “illegal and immoral”?

The provocation was not just a virtual further eastward extension of NATO, but Ukraine had gathered a huge military force (200-300K) looking ready to invade the Donbass. After killing some 14,000 there over 8 years.

Living on a War Planet (Bromwich)

The Russian invasion of Ukraine was an illegal and immoral act, but the adjective that usually follows illegal and immoral is “unprovoked.” In truth, this war was provoked. A contributing cause, impossible to ignore, was the eastward extension of NATO, always moving closer to the western borders of Russia, in the years from 1991 to 2022. That expansion was gradual but relentless. Consider the look of such a policy to the country –- no longer Communist and barely a great power — which, in 2013, American leaders again began to describe as an adversary. With the end of the Cold War in 1991 (the very global conflict that gave NATO its reason for being), the eastward projection of the alliance accelerated dramatically.

Hungary, Poland, and the Czech Republic, all former members of the Soviet bloc, were brought into NATO in 1999; and 2004 witnessed an even richer harvest of former satellites of the USSR: Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, and Slovenia, all either near to or bordering on Russia. Then came the Bucharest Summit Declaration of April 2008: Georgia and Ukraine, the NATO heads of state announced, would be given the opportunity to apply for membership at some future date. If you want to know why Putin and his advisers might have considered this a security concern for Russia, look at a map. The United States has supported Ukraine with copious donations of weapons, troop-trainers, and logistical and technical advisers left to work the interoperable targeting equipment we “share” with that country. Between 2014 and 2022, NATO drilled at least 10,000 Ukrainian troops per year in advanced methods of warfare.

In the war itself, weapons supplies have climbed steadily from Stinger and Javelin missiles to Abrams tanks (whose greenhouse-gas environmental footprint is 0.6 miles per gallon of gas, or 300 gallons every eight hours of use), to cluster bombs, and most recently the promise of F-16s. All this has put fresh wind in the sails of the weapons manufacturers of the American military-industrial-congressional complex. In May 2022, the CEO of Lockheed Martin thanked President Biden personally for his kindness. F-16s, after all, are big money-makers. As for the additional fuel that ordinary Ukrainians require, it is now being sequestered underground by Ukrainian commodities traders at enormous environmental risk.Wars and their escalation — the mass destruction of human life that is almost invariably accompanied by destruction of the natural world — happen because preparations for war bring leaders ever closer to the brink. So close, in fact, that it feels natural to go on.

That was certainly the case with Russia, Ukraine, and NATO, and the escalation that followed. Examples of such escalation are indeed the rule, not the exception in time of war.Think of the invention, testing, and strategic planning that led to the dropping of the first nuclear bomb on Hiroshima on August 6, 1945. In Jon Else’s extraordinary documentary The Day After Trinity, the physicist Freeman Dyson offered a sober analysis of the momentum driving the decision to use the bomb: “Why did the bomb get dropped on people at Hiroshima? I would say: it’s almost inevitable that it would have happened — simply because all the bureaucratic apparatus existed by that time to do it. The air force was ready and waiting. There had been prepared big airfields in the island of Tinian in the Pacific from which you could operate. The whole machinery was ready.”

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“..Hungarian FM Peter Szijjarto described the EU as being in a “very bad shape” due to the Ukraine conflict, “worse than at any time in the past, in terms of security, economy and energy supply.”

Hungary Blocks EU Military Aid To Ukraine – Borrell (RT)

The EU has been unable to release €500 million in ‘European Peace Facility’ funding for Ukraine, due to opposition from one of the members, the bloc’s foreign policy commissioner Josep Borrell told reporters on Thursday. The country was later identified as Hungary. “I have to regret that the 8th tranche of the European Peace Facility (EPF) is still blocked,” Borrell said after an EU ministerial meeting in Toledo, Spain. “I hope we will be able to unblock [it] in the next [few] weeks. But this is a problem that is still pending to be solved.” Budapest has been blocking the EPF funds for months, objecting that Kiev has designated a major Hungarian bank as a ‘war sponsor’. The bloc has used the EPF, established in March 2021, as a way to fund weapons and ammunition deliveries to Ukraine outside of normal budgetary procedures.

Following the meeting of EU defense ministers on Wednesday, Borrell spoke of the need to train more Ukrainian troops faster, noting that almost 40,000 conscripts will have undergone training at various EU sites this year, including at the Spanish military academy in Toledo itself. Thursday’s meeting involved foreign ministers, and included a briefing by Ukrainian FM Dmitry Kuleba. At the press conference, Borrell spoke of the need for the EU to support Ukraine “today, tomorrow and always” in a manner that is “predictable and sustainable,” but mainly financial. The Spanish politician again mentioned that he had proposed to the European Commission to create a new Ukraine Assistance Fund, spanning the period from 2024 to 2027, and expressed hope the body would “reach an agreement by the end of the year.”

Borrell envisioned the fund to amount to about €5 billion annually, for a total commitment of €20 billion over the next four years. While Borrell spoke as if Brussels could afford to leverage its entire economic, political, and military might in the service of Ukraine, Hungary has been skeptical of the bloc’s policies. Speaking at a forum in Slovenia earlier this week, Hungarian FM Peter Szijjarto described the EU as being in a “very bad shape” due to the Ukraine conflict, “worse than at any time in the past, in terms of security, economy and energy supply.” The bloc’s commitment to arming Ukraine has made it unable to broker a peace, while the EU’s energy, security, and economic prosperity have been dealt serious blows by the embargo against Russia, according to Szijjarto.

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“..it was Trump himself who continuously renewed the state of emergency declaration used to justify the changes.

He also imposed a nationwide lockdown in March and April 2020, issued national guidelines recommending the closing of schools, and appointed the pro-mandate Dr. Anthony Fauci..”

Biden Will Use Covid To Rig Election – Trump (RT)

Former US president Donald Trump has claimed that President Joe Biden’s administration will take advantage of the reemergence of Covid-19 to rewrite election rules in order to prevent him from winning the upcoming election. “The left-wing lunatics are trying very hard to bring back covid lockdowns and mandates with all of their sudden fear mongering about the new variants that are coming,” Trump said in a video message released on Thursday. “Gee whiz, you know what else is coming? An election.” “They want to restart the covid hysteria so they can justify more lockdowns, more censorship, more illegal drop boxes, more mail-in ballots and trillions of dollars in payoffs to their political allies heading into the 2024 election,” he continued, adding “does that sound familiar?”

The threat of Covid-19 was invoked by both Democrat and Republican governors to change election laws in 2020. Mail-in ballots were issued to more voters and accepted beyond the usual election-day deadline, party activists were permitted to harvest ballots from drop-boxes, and absentee ballots were accepted without witness signatures. The implementation of these laws varied from state to state, with Democrat-run states typically waiving the most rules. While these changes resulted in an election that defied almost every traditional indicator to end in Trump’s loss, it was Trump himself who continuously renewed the state of emergency declaration used to justify the changes.

He also imposed a nationwide lockdown in March and April 2020, issued national guidelines recommending the closing of schools, and appointed the pro-mandate Dr. Anthony Fauci to lead his coronavirus task force. “To every Covid tyrant who wants to take away our freedom, hear these words: we will not comply, so don’t even think about it. We will not shut down our schools; we will not accept your lockdowns; we will not abide by your mask mandates; and we will not tolerate your vaccine mandates,” Trump continued in Thursday’s video. “They rigged the 2020 election and now they’re trying to do the same thing all over again by rigging the most important election in the history of our country.”

Public health officials are currently tracking the spread of two new coronavirus variants: EG.5, or Eris, and BA.2.86. While the Centers for Disease Control and Prevention no longer tracks new cases of the virus, its most recent figures show a 19% increase in hospitalizations and a 17% increase in deaths between the second and third week in August. However, only a quarter as many people were hospitalized this month as during the same month last year, and most of those receiving treatment are over the age of 65, CDC Director Mandy Cohen said on Tuesday. Nevertheless, universities in Georgia and Louisiana have already reimposed mask mandates, as have some healthcare providers and other businesses.

https://twitter.com/i/status/1697083418947801265

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Quite funny.

Trump Reportedly Rambled Non-Stop During NY Deposition (Manley)

Last year, New York Attorney General Letitia James claimed the Trump Organization illegally increased their profits by hundreds of millions of dollars by exaggerating the value of their properties. A transcript of a deposition recently revealed that former US President Donald Trump rambled so frequently throughout a formal interview that a lawyer with the Office of the New York Attorney General griped: “We’re going to be here until midnight.” The deposition was made public ahead of Trump’s September 22 hearing over a state lawsuit that accuses the former commander-in-chief of engaging in business fraud practices that saw his net worth skyrocket by some $2 billion.
The attorney general’s case against Trump indicates the former president, as well as his two eldest sons, and two of his former top executives repeatedly inflated his net worth in financial filings made on behalf of the Trump Organization.

Prosecutors argue that by doing so, it helped Trump deceive banks into extending lower-cost loans that saved him hundreds of millions of dollars in interest. During the seven-hour deposition, Trump rambled about various topics including his “beautiful” marble bathrooms, a reference to the historical figure George Washington, and boasted that he could have done more sales than “ever” during his presidency. When asked how his children’s roles in the Trump Organization changed after he was elected to the US presidency, Trump strayed from the answer and began to talk about North Korea. “I was interested in solving the problem with North Korea, which was ready to blow up, and solving the problems we had with China, who was just ripping us off left and right, and making sure that Russia never went into Ukraine, which they didn’t, under our auspices and, you know, a lot of other things,” Trump said as part of his lengthy response.

When the former president was asked to clarify his answer, he continued to pile details onto his response. “I think you would have a nuclear holocaust, if I didn’t deal with North Korea. I think you would have a nuclear war, if I weren’t elected. And I think you might have a nuclear war now, if you want to know the truth,” Trump said. The attorney general’s lawyer, Kevin Wallace, then responded: “I’m not going to use my seven hours on nuclear war.” When asked how involved he was in his family’s business dealings during his presidency, Trump launched into another lengthy answer in which he boasted about the properties that the Trump Organization owns. “We have properties that make money, but you can sell for many, many times because of the quality of the property like a Turnberry in Scotland,” said Trump, who complained several times that the lawsuit was “unfair.”

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“Irresponsible and unpredictable governance has led to a steady deterioration in social cohesion, threatening to drive the country into chaos..”

‘Obama’s Man In Africa’ Under House Arrest As Popular Coup Rocks Gabon (GZ)

When a military junta arrested President Ali Bongo Ondimba on August 30, Gabon became the ninth African nation to depose its government through a military coup. As citizens of Niger, Burkina Faso and Mali did before them, crowds of Gabonese poured into the streets to celebrate the removal of a Western-backed leader whose family flaunted its lavish lifestyle while more than a third of the country’s population languished in destitution. “Irresponsible and unpredictable governance has led to a steady deterioration in social cohesion, threatening to drive the country into chaos,” a leader of Gabon’s junta, Col. Ulrich Manfoumbi, declared upon seizing power. President Bongo’s arrest was met with indignant condemnations from Washington and Paris, which had propped him up as he pillaged his country’s vast oil wealth.

His ouster represented a particularly sharp rebuke of former President Barack Obama, who groomed the Gabonese autocrat as one of his closest allies on the continent, and leaned on him for diplomatic support as he waged a war on Libya that unleashed terror and instability across the region. So close was the bond between Obama and Bongo that Foreign Policy branded the Gabonese leader, “Obama’s Man in Africa.” With Obama’s help, Bongo attempted to fashion himself as a reformist modernizer. He traveled repeatedly to Davos, Switzerland to attend the World Economic Forum, where was appointed an “Agenda Contributor.” There, he pledged to accelerate the Fouth Industrial Revolution in Africa by implementing lucrative digital identification and payment systems among his country’s heavily impoverished population.

Bongo’s bio on the WEF website lists him as a “spokesperson for Africa on biodiversity” and “composer of musical pieces” whose interests include “history, football, classical music, jazz and bossa nova.” The self-styled renaissance man managed to hit it off with Obama, kibitz with Klaus Schwab, and press the flesh with Bill Gates. But at home, he found few friends among the struggling Gabonese masses. Ali Bongo rose to power as the son of the late Gabonese autocrat Omar Bongo Odinmba, who ruled the country from 1967 to his death. In 2004, a year after discussing a $9 million image-washing deal with disgraced Republican lobbyist Jack Abramoff, Bongo secured a meeting with President George W. Bush. When he died five years later, he left behind a $500 million presidential palace, over a dozen luxurious homes from Paris to Beverly Hills, and a country overrun with inequality.

[..] nothing on the Bongo family’s lengthy and well-documented record of corruption seemed to bother President Barack Obama when he embarked on a regime change operation in Libya ironically justified as an exercise in “democracy promotion.” With Washington’s help, Gabon was rotated into the UN Security Council, where it functioned as a rubber stamp for US resolutions demanding sanctions and a No Fly Zone on Libya in February 2011. Bongo’s cooperative spirit earned him a visit with Obama in Washington four months later. There, while staying at the president’s personal residence, he became the first African leader to call for Qaddafi to give up power. “They could call any African leader with private cell numbers,” then US Ambassador to Gabon Eric Benjaminson remarked to Foreign Policy, referring to Bongo’s staff. “They knew Qaddafi and they knew his chief of staff very well, and we were trying to work through the Gabonese to get Qaddafi to step down without military action.” Benjaminson added, “Obama sort of liked him.”

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“This administration simply has no idea what a sound China policy would look like.”

The Real Threat From China: They’re Better at Capitalism Than We Are (Lawrence)

The Biden regime’s robotic procession to Beijing proceeds apace. Following Antony Blinken’s fruitless visit in mid–June, we have paid Janet Yellen’s airfare for another fruitless visit, and following Yellen it was the same for John Kerry. This week it is Gina Raimondo’s turn. The secretary of state, the Treasury secretary, the chief climate envoy, and the commerce secretary: What is the point of this parade? I cannot but wonder whether these officials are dispatched across the Pacific in descending order of competence. Raimondo, who previously flopped as governor of Rhode Island—except for her plan to cut civil service pensions, an unfortunate success—is mediocrity made flesh. The Chinese must be wondering, with chagrin or amusement or both, who the Biden regime will next send their way.

The assignment in all these cases is the same: It comes down to “two seemingly contradictory responsibilities,” as The New York Times’s Ana Swanson put it in a curtain-raiser last week. She described “a mandate to strengthen U.S. business relations with Beijing while also imposing some of the toughest Chinese trade restrictions in years.” This is succinct, although we can live without the “seemingly.” Proposing to conduct routine business while sabotaging China’s competitive position in advanced technologies is prima facie a ridiculous idea. But The Times must have its “seemingly,” because it is imperative we pretend the Biden regime thinks sensibly and means well in its relations with the People’s Republic.

Blinken got nothing done, Yellen got nothing done, Kerry got nothing done, and in Raimondo’s case it is hopeless. The final item on her itinerary is a visit to Disneyland in Shanghai, and you have to credit the secretary’s scheduler for the parting reference to dreams and fantasy. An English friend observes that we Americans are doing a lot of blinkin’ and yellin’ across the Pacific these days. Fair enough, but I think it is more of the former than the latter for the time being. This administration simply has no idea what a sound China policy would look like.

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It’s not so easy. But the euro proves this is not true: “A currency has to be issued by a sovereign government.”

Does BRICS Need Its Own Currency? (Pepe Escobar)

Right at the heart of fervent discussions are the merits of designing a new BRICS currency. Brazilian economist Paulo Nogueira Batista Jr., a former IMF director who was deeply involved with BRICS from 2007 to 2015, has noted how a reserve currency discussion among the original five members was already too difficult. With 11, even more so. A currency has to be issued by a sovereign government. The indispensable Michael Hudson has cut to the chase to focus on what President Putin stressed in the summit in Johannesburg: what is needed is a means of settlement among Central Banks to keep in check the imbalances of trade and investment in their balance of payments. That implies no BRICS supra-national gold backed currency.

Prof. Hudson has observed that, “nobody uses gold as a currency. You don’t go to the grocery store or you don’t buy stocks and bonds or even houses with gold. You’re not going to be able to do it with anything like a BRICS currency within the future.” So the possible “BRICS currency” on a – distant? – future will be “only a narrow currency that only governments can spend for each other, and it’s created on a computer. It’s not anything that you can hold in your pocket to spend.” Michael Kumhof, a senior advisor for the Bank of England, adds a few more elements: “A currency does not need to be issued by a single state, instead its issuance can be delegated by a group of states to a common institution, see the ECB [European Central Bank]. And while that currency would be unlikely to be used by people to buy a coffee (although who knows, given enough time), it could be used by corporations for invoicing in cross-border trade.”

Kumhof projects a different future: “Imagine if 50-100 countries joined BRICS, some of them with pretty small, marginal currencies. They might appreciate being able to invoice and settle in a strong common currency rather than only having a choice between USD and, say, RMB. Not to mention the fact that if the Chinese want to keep some of their capital controls (good idea for now, I think), the RMB could not really fully replace the USD in such transactions. A BRICS currency would not be subject to such restrictions. This BRICS bank would buy up bonds of member countries according to some quota, and then issue a common currency against it, with all its gains and losses shared by member governments.

That could create an arbitrarily large amount of liquidity (and firepower for BRICS) without requiring any debt to do so, in fact massively reducing debt while doing so. And of course I agree that this would need to be supplemented by a bancor-type arrangement to clear cross-country imbalances.” What’s certain for now is that at the heart of what’s coming next will be an enhanced role for the New Development Bank (NDB), the BRICS bank, headquartered in Shanghai and now presided by former Brazilian President Dilma Rousseff.

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“Moscow supposedly had created fake nude pictures, fake photos of Hunter’s drug use, and fake email and text messages from Hunter to the other Bidens.”

From One Unapologetic Media Hoax to the Next (VDH)

From 2015 to 2019, we were suffocated 24/7 with lies like “Russian collusion,” “Putin’s puppet,” “election rigging” and the “Steele dossier.” When all such “evidence” was proven to be a complete fraud cooked up through Hillary Clinton’s stealthy hiring of and collusion with a discredited ex-British spy, a Russian fabulist at the Brookings Institution and a Clinton toady in Moscow, did the media apologize for their untruth? Was there any media confessional that perhaps Robert Mueller and his leftwing legal team (the giddy media-dubbed “all-stars,” “dream team,” and “hunter killers”) proved a colossal waste of time? Not at all. Instead, the media went next right on to “the phone call” and “impeachment.” The country then wasted another year.

The same biased reporters now claimed that the heroic Andrew Vindman had caught Donald Trump fabricating lies about the Bidens—given Joe Biden was a possible 2020 opponent—to force Ukraine to investigate them or lose American foreign aid. On that accusation Trump was impeached. Then the truth emerged that unlike Joe Biden, Trump never threatened to cancel aid, but merely to delay it. Trump was right that the Bidens were knee deep in Ukrainian bribes and influence peddling. And that the whistleblower had no first-hand knowledge of the Trump call but was spoon fed a script cooked up by the gadfly Vindman and Rep. Adam Schiff. The result was journalistic glee that we impeached a president for crimes that he did not commit but exempted another president, Joe Biden, who had actually committed them.

Then came the next hoax of the Russian fabricated facsimile of Hunter’s laptop. The 2020 Biden campaign along with an ex-CIA head rounded up “51 intelligence authorities” to mislead the country into believing that Russian gremlins in the Kremlin had fabricated a fake laptop. Ponder that absurd fantasy: Moscow supposedly had created fake nude pictures, fake photos of Hunter’s drug use, and fake email and text messages from Hunter to the other Bidens. The media preposterously convinced the country that the Russians and by extension Donald Trump had once again sandbagged the Biden campaign. No apologies followed when the FBI later admitted it had kept the laptop under wraps for more than a year, knew it was authentic, and yet said nothing as the media and former spooks misled the country and warped an election.

Now we are enmeshed in at least four court trials on cooked-up charges that could as easily apply to a host of Democrats as to Trump. For the last eight years, a discredited media has never expressed remorse for any of the damage they did to the country. And they will not again, when their latest mythological indictments are eventually exposed.

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“..the best and most thorough whitewash job since the Soviets wiped the photo record clean of Yezhov and Trotsky. It’s an awesome achievement.”

New Meanings of ‘Deep State’ and ‘Working Class’ (Matt Taibbi)

DEEP STATE: In July of last year David Rothkopf wrote a piece for the Daily Beast called, “You’re going to miss the Deep State when it’s gone: Trump’s terrifying plan to purge tens of thousands of career government workers and replace them with loyal stooges must be stopped in its tracks.” In the obligatory MSNBC segment hyping the article, poor Willie Geist, fast becoming the Zelig of cable’s historical lowlight reel, read off the money passage: During his presidency, [Donald] Trump was regularly frustrated that government employees — appointees, as well as career officials in the civil service, the military, the intelligence community, and the foreign service — were an impediment to the autocratic impulses about which he often openly fantasized.

This passage portraying harmless “government employees” as the last patriotic impediment to Trumpian autocracy represented the complete turnaround of a term that less than ten years before meant, to the Beast’s own target audience, the polar opposite. This of course needed to be lied about as well, and the Beast columnist stuck this landing, too, when Geist led Rothkopf through the eye-rolling proposition that there was “something fishy, or dark, or something going on behind the scenes” with the “deep state.” Rothkopf replied that “career government officials” got a bad rap because “about ten years ago, Alex Jones and the InfoWars crowd started zeroing in on the deep state, as yet another of the conspiracy theories…”

The real provenance of deep state has in ten short years been fully excised from mainstream conversation, in the best and most thorough whitewash job since the Soviets wiped the photo record clean of Yezhov and Trotsky. It’s an awesome achievement. Through the turn of the 21st century virtually no American political writers used deep state. In the mid-2000s, as laws like the PATRIOT Act passed and the Bush/Cheney government funded huge new agencies like the Department of Homeland Security, the word was suddenly everywhere, inevitably deployed as left-of-center critique of the Bush-Cheney legacy. How different was the world ten years ago? The New York Times featured a breezy Sunday opinion piece asking the late NSA whistleblower Thomas Drake — a man described as an inspiration for Edward Snowden who today would almost certainly be denounced as a traitor — what he was reading then.

Drake answered he was reading “Deep State: Inside the Government Secrecy Industry” by Marc Ambinder, whose revelations about possible spying on “eighteen locations in the Washington D.C. area, including near the White House, Congress, and several foreign embassies,” inspired the ACLU to urge congress to begin encrypting communications. On the eve of a series of brutal revelations about intelligence abuses, including the Snowden mess, left-leaning American commentators all over embraced “deep state” as a term perfectly descriptive of the threat they perceived from the hyper-concentrated, unelected power observed with horror in the Bush years.

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Still in use. Insane.

Glyphosate Exposure Linked to Severe Depression and Cognitive Decline (SP)

A new peer-reviewed study released by a group of scientists in Taiwan has revealed an astonishingly strong link between severe depression, cognitive decline and exposure to the world’s most used herbicide, glyphosate. The study was fully published last Tuesday in the highly respected Elsevier Journal, Environmental Research, and was met with silence by the manufacturers of glyphosate-based herbicides such as Bayer/Monsanto, who produce the infamous weedkiller Roundup. The study authors stated that they: “conducted analyses on existing data collected from 1532 adults of the 2013–2014 U.S. National Health and Nutrition Examination Survey (NHANES) to explore the possible relationship between glyphosate exposure and cognitive function, depressive symptoms, disability, and neurological medical conditions.”

“Our study used a cohort representative of the U.S. adult general population and found a significant negative correlation between urinary glyphosate levels and cognitive function test scores. Additionally, our findings suggest that the odds of having severe depressive symptoms were significantly higher than having no symptoms in individuals with higher glyphosate levels, as measured by the PHQ-9,” the scientists continued. The NHANES is a biennial nationwide survey that recruits a representative sample of the population. The study population had a mean age (SD) of 48.15 (18.32) years and a mean BMI (SD) of 29.15 (7.25) kg/m2. The majority of participants were women (51.5%), while the most common ethnicity was non-Hispanic white (47.1%). Regarding socioeconomic status, 53.7% of participants reported a household income of ≥ $4500 per year. Additionally, 37.2% of participants had a body mass index of ≥30 kg/m2. The proportion of individuals with detectable levels of glyphosate was 80.4%.

“Because many of the key neurological system questionnaires used to assess neurological function in NHANES are only available to adults, we restricted our study population to those 18 years of age or older,” the scientists added. “In conclusion, our study provides important evidence of an association between urinary glyphosate levels and adverse neurological outcomes in a representative cohort of U.S. adult population. Specifically, we observed lower cognitive function scores, greater odds of severe depressive symptoms, and increased risk of serious hearing difficulty in individuals with higher glyphosate exposure,” the scientists concluded.

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Moore

 

 

 

 

Red crab
https://twitter.com/i/status/1697266961934414091

 

 

Shrimp
https://twitter.com/i/status/1697299523020705853

 

 

Dogs play

 

 

Italian music

 

 

 

 

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