Mar 012023
 
 March 1, 2023  Posted by at 9:45 am Finance Tagged with: , , , , , , , , , ,  61 Responses »


Paul Gauguin Blue Trees (Your Turn Will Come, My Beauty!) 1888

 

Zelensky Hints At Withdrawing From Russian-Encircled Bakhmut (ZH)
Situation In Bakhmut Much Worse Than Kiev Admits – CNN (TASS)
Most Front-Line Ukrainian Soldiers Killed Within ‘4 Hours’ (LI)
Kiev’s Troops Have Big Nazi Problem – Ex-US Soldier Who Escaped Ukraine (RT)
The Stage Is Set For Hybrid World War III (Escobar)
European Legislators Get Money From US Military Companies (TASS)
Afraid Some EU Countries May Send Troops To Ukraine – Orban (TASS)
Hungary Calls For Justice Over Pipeline Sabotage (RT)
Putin Accuses West Of Using ‘Extremists’ Against Russia (RT)
Berlin Left Unprotected As Air Defense Systems Sent To Ukraine (RT)
Ukraine Threatens Putin After Drone Attack Deep Inside Russia (Celente)
Hunter Biden Associate Arrested, Provided FBI With ‘Damning’ Information (TP)
Hunter Biden Business Partner Flips, Now ‘Cooperating’ With GOP Investigators (ZH)
Tucker Carlson, Staff NOT Allowed To Record or Remove J6 Footage (GP)
The Return of Oracles: Chatbots Are Coming! (Ugo Bardi)

 

 

 

 

Zel US

 

 

 

 

Macgregor Poles
https://twitter.com/i/status/1630603369223012362

 

 

Lula Iran

 

 

Wait until insurance companies have to change their long term mortality assumptions…that’s when the real losses get realized.
– Edward Dowd

 

 

 

 

“West” has been telling Z to withdraw. They portray it as his fight, not theirs, so they can’t lose face. But he can. Maybe the way out for him is attacking Crimea, saying that’s the bigger battle. He also started talking about American kids dying in Ukraine battles.

Zelensky Hints At Withdrawing From Russian-Encircled Bakhmut (ZH)

It was only in late January that Ukraine’s military General Staff emphasized that any potential forces withdrawal from the strategic city of Bakhmut in the east was “out of the question” as the situation was said to be under control. But a month later, the narrative has dramatically shifted amid reports that the Russians are shelling Ukrainian positions around the clock, and as complaints from Ukrainian front lines oersist of not enough ammo supplies to keep pace with the Russians. President Zelensky in fresh remarks on the situation has admitted that besieged Bakhut is running out of options. Within the past days he also said for the first time that he won’t seek to hold the city “at any cost” – strongly suggesting Ukraine has suffered a staggering loss in manpower.

He said Tuesday: “The situation is getting more and more difficult”… “The enemy is gradually destroying everything which can be used to protect our positions,” Zelenskiy said in his address, stopping short of announcing a pullout.” There have been emerging repots of gun battles deep within the city itself, which is a new development, also as Russian forces have it nearly fully encircled, as the NY Times also confirms: “The commander of Ukraine’s ground forces, Col. Gen. Oleksandr Syrsky, on Tuesday described the situation around the city as “extremely tense” in a post on the Telegram messaging app.” And Reuters too for the first time presented a headline Tuesday which put the situation for the Ukrainian side in stark terms: “Russians tighten noose on Ukraine’s Bakhmut,” the news service reported.

On Monday Zelensky had described that “The enemy is constantly destroying everything that can be used to protect our positions for fortification and defense. Our soldiers defending the area around Bakhmut are true heroes.” Some soldiers cited in local reports are vowing to fight till the end, as military reports get more and more desperate. Meanwhile the Biden administration is still resisting demands to give Kiev F-16 fighter jets… “for now” that is. John Kirby had described in a Monday interview that “At no time have the Russians ever achieved air superiority over Ukraine” – though by many military observer accounts, this is a highly dubious statement.

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CNN pushing Z out of Bakhmut.

Situation In Bakhmut Much Worse Than Kiev Admits – CNN (TASS)

The situation near Artyomovsk, known in Ukraine as Bakhmut, is much worse for Ukrainian forces than Kiev officially admits, CNN reported on Tuesday, citing Ukrainian troops fighting for the town. “The situation in Bakhmut is very difficult now. It is much worse than officially reported,” a soldier who wished to remain anonymous told CNN on Tuesday. “We should add another 100% difficulty to the official reports. In all directions. Especially in the northern direction.” Another soldier said in a video that “the situation around the defense of Bakhmut is quite difficult”. A third soldier described the fighting as “hellish.” Artyomovsk is located in the Kiev-controlled part of the DPR and is an important transportation hub for supplying Ukrainian troops in Donbass. Fierce fighting has been raging for the town. Denis Pushilin, the interim head of the Donetsk People’s Republic said on February 16 that Russian forces had seized control of all key heights near Artyomovsk.

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We knew already.

Most Front-Line Ukrainian Soldiers Killed Within ‘4 Hours’ (LI)

A retired American Marine fighting in Ukraine told ABC News the frontlines are a “meat grinder” where soldiers survive an average of “four hours.” Troy Offenbecker is fighting alongside Ukrainian forces in the Donbas region. Moscow and Kiev have been battling around Bakhmut for several months as Russia’s forces have slowly made gains around the city. In January, Germany estimated Kiev was losing a “three-digit number” of soldiers daily fighting for Bakhmut. At that time, the White House believed President Volodymyr Zelensky was committing too many lives and resources to defend the city. Offenbecker’s commentary suggests that the situation may be getting worse for Ukrainian soldiers. “It’s been pretty bad on the ground. A lot of casualties.” He assessed, “the life expectancy is around four hours on the frontline.”

He said the Russian attack on the city is not letting up and had turned into a “meat grinder.” “[The artillery] is nonstop.” Offenbecker explained the Russian forces are fighting around the clock. “[The Russians] have maybe run into a shortage of shells lately, but the past couple of weeks, it’s been nonstop. All day and night,” he told ABC. Meanwhile, Kiev’s Western backers have expressed to Zelensky in recent weeks that NATO countries are struggling to find artillery shells to send to Ukraine. Secretary of Defense Lloyd Austin said the US will train Ukrainian forces on fighting methods that use fewer munitions. The Kremlin ordered a mobilization of 300,000 troops last year. Western leaders have anticipated Moscow will order an offensive this winter.

Ukrainian officials say that the Russian offensive is now underway, and Offenbecker agrees. “With the amount of shelling, the amount of armor that they’ve brought in, I think it’s started,” he explained to ABC. Due to Moscow’s and Kiev’s tight control over their countries’ presses, it is unclear how substantial the death toll is for each country. Since the start of the war, Zelensky has nationalized Ukraine’s media, outlawed his political opposition and jailed citizens who opposed his administration. Commenting on the state of journalism in Ukraine, press-union leader Serhiy Guz explained, “We never know what’s the basis of these accusations, what’s the pro-Russian link…It starts to look like a political accusation rather than a genuine crime.” “A lot of journalists self-censor now,” he added.

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Could be a plant. For either side.

Kiev’s Troops Have Big Nazi Problem – Ex-US Soldier Who Escaped Ukraine (RT)

The Nazi influence in the Ukrainian military is omnipresent, John McIntyre, a former US soldier who served in various Ukrainian military units for a year, has told RT. He defected to Russia after witnessing the actions of the Ukrainian troops amid the ongoing conflict between Kiev and Moscow. “When I came, I was really surprised. Everybody had tattoos and Nazi symbolism,” the former American soldier-turned-mercenary told RT’s Murad Gazdiev in Moscow. McIntyre also admitted he did not believe Nazi ideology was “that big of a problem” for Ukraine until he saw things on the ground himself. The soldier also said he had to conceal his own anti-fascist and communist views to fit in with the Ukrainian troops. Some other Western mercenaries also directly told him: “The Russians aren’t the Nazis, we are the Nazis,” according to McIntyre.

The ex-US soldier served with the Ukrainian forces for a year, although now he claims he had always planned to defect to Russia once he gathered enough intelligence. At a certain point, he was “compromised as a whistleblower” after talking to someone about the war crimes committed by the Ukrainian forces. According to McIntyre, whistleblowers are treated in Ukraine even more harshly than spies. “Anybody who confesses or is known to be about to confess is shot in the back of the head,” he claimed, adding that “a lot of people go missing … including foreigners.” McIntyre himself managed to flee to Russia through Moldova after finding out that Ukraine had snipers hunting down defectors trying to cross the frontlines.

The former soldier, who previously served in Fort Bliss, Texas, for two years, claims the Ukrainian forces actively use civilians as human shields as they station their troops in basements next to residential buildings and then blame Russia if the area gets targeted in a strike. When such attacks happened, news crews covering the incidents “would not show you the houses to the left and right full of soldiers,” he said. The former mercenary also said he had heard about the Ukrainian nationalists, including the members of the infamous Azov battalion and another military formation called Carpathian Sech, who torture and kill Russian POWs by cutting off their genitalia or cutting their stomachs open and slitting their throats. McIntyre, who served with the Carpathian Sech, said he personally knew people who executed POWs, including foreigners from Portugal, France, and Argentina.

https://twitter.com/i/status/1630573543544049664

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“..Russia’s pivot to the East, towards the rising sun, now irreversible, was the only logical path to follow..”

The Stage Is Set For Hybrid World War III (Escobar)

A powerful feeling rhythms your skin and drums up your soul as you’re immersed in a long walk under persistent snow flurries, pinpointed by selected stops and enlightening conversations, crystallizing disparate vectors one year after the start of the accelerated phase of the proxy war between US/NATO and Russia. That’s how Moscow welcomes you: the undisputed capital of the 21st century multipolar world. A long, walking meditation impregnates on us how President Putin’s address – rather, a civilizational speech – last week was a game-changer when it comes to the demarcation of the civilizational red lines we are all now facing. It acted like a powerful drill perforating the less than short, actually zero term memory of the Collective West.

No wonder it exercised a somewhat sobering effect contrasting the non-stop Russophobia binge of the NATOstan space. Alexey Dobrinin, Director of the Foreign Policy Planning Department of the Ministry of Foreign Affairs in Russia, has correctly described Putin’s address as “a methodological basis for understanding, describing and constructing multipolarity.” For years some of us have been showing how the emerging multipolar world is defined – but goes way beyond – high speed interconnectivity, physical and geoeconomic. Now, as we reach the next stage, it’s as if Putin and Xi Jinping, each in their own way, are conceptualizing the two key civilizational vectors of multipolarity. That’s the deeper meaning of the Russia-China comprehensive strategic partnership, invisible to the naked eye.

Metaphorically, it also speaks volumes that Russia’s pivot to the East, towards the rising sun, now irreversible, was the only logical path to follow as, to quote Dylan, darkness dawns at the break of noon across the West. As it stands, with the wobblin’, ragin’ Hegemon lost in its own pre-fabricated daze, the real runners of the show feeding burning flesh to irredeemably mediocre political “elites”, China may have a little more latitude than Russia, as the Middle Kingdom is not – yet – under the same existential pressure Russia has been put under. Whatever happens next geopolitically, Russia is at heart a – giant – obstacle on the warmongering path of the Hegemon: the ultimate target is top “threat” China.

Putin’s ability to size up our extremely delicate geopolitical moment – via a dose of highly concentrated, undiluted realism – is something to behold. And then Foreign Minister Lavrov provided the sweet cherry on top, calling the hapless US ambassador for a hardcore dress down: oh yeah, this is war, hybrid and otherwise, and your NATO mercenaries as well as your junk hardware are legitimate targets. Dmitry Medvedev, deputy chairman of the Security Council, now more than ever relishing his “unplugged” status, made it all very clear: “Russia risks being torn apart if it stops a special military operation (SMO) before victory is achieved.” And the message is even more acute because it represents the – public – cue to the Chinese leadership at the Zhongnahhai to understand: whatever happens next, this is the Kremlin’s unmovable official position.

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“..some MEPs received pensions, for example, from US corporations Raytheon, Honeywell International and Textron Inc – military companies that develop, produce and sell, among other items, cluster munitions..”

European Legislators Get Money From US Military Companies (TASS)

The European parliament’s members receive money from US military companies, Russian Foreign Ministry spokeswoman Maria Zakharova said on her Telegram channel on Tuesday. “Corruption in the European Parliament thrives. EUObserver journalists have discovered that some MEPs received pensions, for example, from US corporations Raytheon, Honeywell International and Textron Inc – military companies that develop, produce and sell, among other items, cluster munitions,” she said. “It is noteworthy that the focus is on the US military-industrial complex (not even European), which is the embodiment of the term ‘dealers in death’.


Moreover, as it has turned out, MEPs are sponsored with money from the sale of precisely those types of weapons which EU member-states seek ban. For some reason they do not refuse to take the money,” Zakharova added. She also noted that the MEPs had invested their pension savings in the oil and gas company Royal Dutch Shell after another oil spill from its pipeline. “How about the ‘green transition’ and nature conservation? There is a very special story about this. MEP Jutta Paulus (of Germany) directly lobbies for the interests of Boston’s NGO Clean Air Task Force. In drafting legislative amendments, she obediently and without hesitation used the documents prepared by that organization,” Zakharova said.

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“We need a ceasefire, we need peace talks. That is why Hungary insists on peace at all international forums..”

Afraid Some EU Countries May Send Troops To Ukraine – Orban (TASS)

Hungary’s government is worried to see weapons supplies to Ukraine and is afraid that some of the EU countries may send its troops there, Hungarian Prime Minister Viktor Orban said on Monday. He expressed serious concern that “entire Europe is sliding into a war step by step” as EU countries are sending tanks to Ukraine and are looking at supplying it with fighter jets. “If things continue this way, there will be those who may want to send troops to Ukraine,” he said at the opening of the Hungarian parliament’s spring session. He stressed that his government insists on settling the Ukrainian conflict by peaceful means and called on lawmakers to advocate this position. “They want to drag us into this war, but I am calling on you not to yield to provocations,” Orban said.


“We need a ceasefire, we need peace talks. That is why Hungary insists on peace at all international forums,” he said, adding that for these reason Hungary supports China’s peace plan for Ukraine. He reiterated that he continues to be against the European Union’s anti-Russian sanctions, especially in the energy sector. He recalled that restrictions on fuel supplies had provoked a dramatic price rise and Hungary’s spending on energy sources had increased by ten billion euro in 2022. “Brussels has taken this money from the pockets of Hungarians with the use of sanctions,” he added.

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“What we need to know is, if they did it in the north just to stop the Russian gas coming to Europe … then they could do it in the south as well.”

Hungary Calls For Justice Over Pipeline Sabotage (RT)

Hungary needs to watch out for potential sabotage on pipelines that deliver Russian natural gas to the country, Prime Minister Viktor Orban said on Monday, pointing to the September 2022 blasts on the Nord Stream pipelines connecting Russia to Germany via the Baltic Sea. “The blowing up of the Nord Stream was a simple act of terrorism,” Orban said in a speech to parliament in Budapest. “What we need to know is, if they did it in the north just to stop the Russian gas coming to Europe … then they could do it in the south as well.” Orban said that Hungary, together with neighboring Serbia, must “make clear that if this were to happen, it would not be easy to get away with, like they are doing now with the Nord Stream explosions.”

Hungarian Foreign Minister Peter Szijjarto this week called for the UN to investigate the “scandalous” attack on the pipelines. Budapest wants to know “who committed it and why,” the minister said. Hungary and Serbia, whose economies heavily depend on Russian oil and gas, have opposed sanctions that would have prevented them from receiving supplies from Moscow. Both nations have also refused to impose any restrictions of their own. On Thursday, US state-run news outlet RFE-RL reported that South Stream Transport, which operates the TurkStream gas pipeline, would not be able to repair the infrastructure in the event of damage, as the Dutch government has revoked its license.

The Black Sea pipeline delivers Russia gas to Hungary and Serbia. Veteran US investigative journalist Seymour Hersh claimed earlier this month that the Nord Stream sabotage was orchestrated by Washington with help from Norway. The US has denied any involvement, and rejected the allegations as “complete fiction.” Russia has also called for a thorough investigation into the “terrorist attack.” Kremlin spokesman Dmitry Peskov accused Western countries last week of trying to bury the issue.

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“Active attempts are currently being made by the Western special services to restore terrorist cells inside Russia, he warned.”

Putin Accuses West Of Using ‘Extremists’ Against Russia (RT)

The West never shied away from using extremists against Russia and is doing so again during the conflict in Ukraine, President Vladimir Putin has said. He claimed that western intelligence agencies are aiming to restore terrorist cells inside Russia. Countering this terrorist threat remains “an urgent” task for the country, Putin said while chairing a board meeting of Russia’s Federal Security Service (FSB) in Moscow on Tuesday. “Over the past year, the number of such crimes has increased, which is obviously connected to the attempts of the Kiev regime to employ terrorist methods. We are well aware of that. They have been using them in Donbass for a long time,” he said.

The West, which is backing Kiev in the conflict against Moscow, has “never shied away from using both radicals and extremists in their interests, despite all their loud statements about fighting international terrorism,” the president said. “They always use whatever’s at hand against us. They use everything that’s possible. It was always like this and it remains so,” he said. Active attempts are currently being made by the Western special services to restore terrorist cells inside Russia, he warned. It’s essential to intensify counter-intelligence work and keep the Russian-Ukrainian border under extra supervision to prevent the smuggling of weapons and ammunition into Russian territory, Putin told the leadership of Russia’s main security agency.

He praised the FSB’s operatives, who have worked at the frontlines and “behind enemy lines” during the conflict in Ukraine, for their “personal courage, professionalism and determination in ensuring the security of Russia.” The agency, he said, has obtained “priceless experience” that will allow it to execute its duties even more effectively. Putin has previously blamed Ukraine for using “terrorist tactics” following the explosion on the Crimean Bridge in early October, which Moscow insists was masterminded by Kiev. That led to a major ramping up of Russian missile strikes on Ukrainian infrastructure and military targets, causing rolling blackouts across the country and significantly damaging Kiev’s air defense capabilities.

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Germany doesn’t have much defense to speak of. Maybe by 2050?!

Berlin Left Unprotected As Air Defense Systems Sent To Ukraine (RT)

Germany is sending two air defense systems to Kiev in a move that may leave Berlin unprotected, Armin Papperger, CEO of Germany’s leading military contractor Rheinmetall said in an interview with the Pioneer podcast on Tuesday. The two systems in question, Skynex and Skyranger, were commissioned by the German government in order to protect the airspace over Berlin, the arms manufacturer revealed. The two units cost around €200 million ($212 million) and they are to be sent to Kiev within the year. “We had two whole systems that could have certainly defended Berlin,” Papperger said, as quoted by RIA Novosti. According to Papperger, four of the systems would be enough to protect Berlin, but now there will not be enough.

On Saturday, thousands of protesters rallied in the German capital, calling for Chancellor Olaf Scholz to “stop the escalation in weapons deliveries.” Germany also pledged Western-made tanks to Ukraine in late January, promising 14 of their Leopard 2 tanks and pledging to work with partners to create two armored battalions containing 30 tanks each. However, Germany’s EU and NATO allies have been reluctant to deliver. Similarly to Germany sacrificing their own protection for the sake of solidarity with Ukraine, Denmark opted in January to send its 19 French-made Caesar howitzer artillery systems to Kiev, compromising their own defensive capabilities. The artillery systems had been a key component of Denmark’s plan to field a heavy infantry brigade.

Officials in some NATO nations have been cautioning that the constant supply of arms and ammunition to Ukraine on such a massive scale would eventually come at a cost to their own defensive capabilities. Kremlin spokesperson Dmitry Peskov has warned on numerous occasions that providing Kiev with military aid will not change the course of the conflict, and will instead just “prolong the suffering of the Ukrainian people.”

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“..more than 500km away from Russian border with Ukraine..”

Ukraine Threatens Putin After Drone Attack Deep Inside Russia (Celente)

Russian President Vladimir Putin announced Tuesday that he will increase border security after the Kremlin blamed Ukraine for launching a drone attack deep inside Russia as the U.S. and NATO continue to provide more advanced weapons to escalate the conflict. The Associated Press, citing a nearby governor, reported one drone “fell near the village of Gubastovo, less than 60 miles from Moscow.” Anton Gerashchenko, advisor to Ukraine’s minister of internal affairs, tweeted a photo of the drone that matches that of the UJ-22 Airborne, a product of Ukrainian manufacturer Ukrjet, the BBC reported. “It is more than 500km away from Russian border with Ukraine. Soon Putin might get very afraid to show himself in public as drones can reach far distances,” he wrote alongside the photo.

Andrei Vorobyov, the governor, noted that the Russian Defense Ministry identified two Ukrainian drones that were downed near the village of Gubastovo, where Gazprom operates a key facility. The BBC said Ukraine does not claim responsibility for attacks inside Russia. The Trends Journal has reported extensively how Ukraine has been accused of expanding the war deeper inside Russia after receiving the green light from the U.S. Dmitry Kuleba, Ukraine’s foreign minister who has been one of the most outspoken advocates of more weapons and war, was caught in a prank Zoom video admitting to being behind attacks on civilian infrastructure in Crimea and Belgorod. Reports said Kuleba was evidently under the impression that he was talking to a former American ambassador to Moscow Michael McFaul, who himself has been a major supporter of U.S. intervention.

“Well, if you were to ask me who blows up things in Crimea or Belgorod, then speaking privately, as much privacy we can have in a Zoom call, I’d tell you, yes, that was us,” Kuleba said. The Western media embraced the bridge bombing as though it was another major setback for Russian President Vladimir Putin, who days later approved airstrikes in about a dozen Ukrainian cities, including Kyiv. Victoria “Fuck the EU” Nuland, who was a major player in the U.S.-led coup in Ukraine back in 2014, continued down her path of destruction last week when she called Crimea a legitimate target for Ukrainian forces. Nuland told the Carnegie Endowment for International Peace that the U.S. supported Ukrainian strikes on these targets because Washington believes Kyiv is “owed and due all of their territory within their international borders,” which she said included Crimea. “Ukraine is not going to be safe unless Crimea is—at a minimum, at a minimum—demilitarized,” she said.

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“..he had been cooperating with an investigation into Hunter Biden’s business activities when he was apprehended under an Interpol Red Notice..”

Hunter Biden Associate Arrested, Provided FBI With ‘Damning’ Information (TP)

Gal Luft, a former adviser to a Chinese energy conglomerate now claims to have provided the FBI with incriminating information about the Biden family’s foreign business dealings. He is now calling himself a whistleblower and has announced his intention to reveal the names of those involved, after being detained on what he believes are politically motivated charges. According to him, he has given information to the DOJ about the Biden family’s foreign business deals. Luft was arrested on Friday. A defense expert has stated that the recent arrest of Prof. Gal Luft in Cyprus due to charges linked to the illegal exportation of arms to Libya and China is part of an attempt by the Biden administration to silence him. Luft, an Israeli professor, claims that he had been cooperating with an investigation into Hunter Biden’s business activities when he was apprehended under an Interpol Red Notice at the behest of the US.

According to reports, Gal Luft claims to have provided the Justice Department with information about Hunter Biden, his father, and his uncle, Jim Biden in March 2019. Although some may be quick to disregard Luft’s allegations as an empty threat, his association with CEFC China Energy suggests that he may possess pertinent information about the Bidens. Additionally, an attorney representing Luft has indicated that he intends to offer information about Luft’s situation to Congress. According to Luft’s lawyer, Mordechai Tzivin, the arrest of his client was politically motivated and aimed at stifling him for providing compromising information in a corruption case purportedly linked to Hunter Biden, the son of US President Joe Biden. “The arrest came four years after Luft cooperated with FBI and Department of Justice investigators to help them with information about the case,” he claimed.

On Sunday, Tzivin said that Luft could “bury Hunter Biden, that’s why they’re trying to bury him first.” He continued by claiming that “if it were Russia, this would’ve already been a diplomatic collision… it’s not unreasonable to think that the Democrats or some of their peers would like him gone.” “His testimony will be very devastating, it will divert attention to the president himself as well,” Tzivin claimed. On February 18, 2023, Luft tweeted out, “I’ve been arrested in Cyprus on a politically motivated extradition request by the US. The US, claiming I’m an arms dealer. It would be funny if it weren’t tragic. I’ve never been an arms dealer. DOJ is trying to bury me to protect Joe,Jim&Hunter Biden. Shall I name names?”

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A few days earlier.

Hunter Biden Business Partner Flips, Now ‘Cooperating’ With GOP Investigators (ZH)

Eric Schwerin, a close business associate of Hunter Biden who also dealt with Joe Biden’s business and tax affairs, is now working with House GOP investigators looking into Biden family dealings – particularly in Ukraine and China, where the family collected millions of dollars, Just the News reports. “He is cooperating with us,” House Oversight and Accountability Committee Chairman James Comer (R-KY) told the outlet. “His attorneys and my counsel are communicating on a regular basis. Now, I feel confident that he’s going to work with us, and provide us with the information that we have requested,” Comer continued. “I think that Schwerwin is going to be a very valuable witness for us in this investigation.”

Of note, Schwerin, the former president of Hunter Biden’s now-dissolved investment firm Rosemont Seneca Partners, visited the White House at least 19 times from 2009 to 2015, according to White House visitor log records reviewed by The Epoch Times and first reported by the New York Post. Emails between Hunter and Eric Schwerin, his business partner at consultancy Rosemont Seneca, show Schwerin was working on Joe’s taxes. The emails were recovered from Hunter’s laptop
Schwerin’s cooperation comes after the committee received word that Hunter and his uncle, James Biden, don’t plan to be forthcoming with all the information Comer’s committee has sought in their wide-ranging probe. According to Comer, subpoenas are imminent for non-cooperating witnesses.

“We know individuals, many are cooperating with us now, but others, not so much,” he said. “We’re going to start subpoenaing people in the private sector, we’re going to start subpoenaing financial institutions to get us the information. And then we’ll go from there.” Comer then suggested that if innocent, Hunter Biden would want to clear his name in front of the committee. “He could come in front of the House Oversight Committee right now and defend his good name,” Comer said. “He would have 20 Democrats that would definitely support him, and he could make 26 Republicans look bad if all this information we have from his laptop, all the emails that were in his own words, all the audio that are in his own voice, if for some reason we’re misinterpreting that, then he could make us look bad.

“But we all know that this family was involved in influence peddling. And this administration is doing everything in its ability to try to block oversight.” Both Joe Biden and Hunter Biden have denied the family did anything wrong, although Hunter Biden has acknowledged he is under federal criminal investigation on tax issues. Comer said while the committee battles the White House and the Biden family for information, Schwerin’s cooperation was a breakthrough that could spur other key witnesses to cooperate. -Just the News According to White House visitor logs, Schwerin met directly with then-Vice President Joe Biden in the West Wing on Nov. 17, 2010, and had several meetings with White House aides during times when Hunter Biden was securing multi-billion dollar deals overseas, including in China.

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There could be legal reasons?!

Tucker must come clean.

Tucker Carlson, Staff NOT Allowed To Record or Remove J6 Footage (GP)

On February 20, 100 Percent Fed Up reported about the newly elected House Speaker Kevin McCarthy’s decision to release all of the 44,000 hours of footage from January 6, 2021, to Fox News host Tucker Carlson, giving him exclusive access to Capitol surveillance footage. “I’ve watched what Nancy Pelosi did, where she politicized [Jan. 6],” said McCarthy. “Where for the first time in the history as a speaker, not allowing the minority to appoint to a committee.” “We watched the politicization of this,” McCarthy said. “I think the American public should actually see all that happened instead of a report that’s written for a political basis.” Carlson, who has continuously called for a probe into the actual events of Jan 6., has been granted exclusive access to 41,000 hours of surveillance footage from the Capitol protests.

“[T]here was never any legitimate reason for this footage to remain secret,” Carlson told Axios reporter Mike Allen. “If there was ever a question that’s in the public’s interest to know, it’s what actually happened on January 6. By definition, this video will reveal it. It’s impossible for me to understand why any honest person would be bothered by that.” In January, Carlson slammed the U.S. government for hiding information from the American public. He also pointed out the ridiculous logic of those who warn that releasing the Jan. 6 Capitol footage could threaten national security.

100 Percent FedUp reports- If you’re like most Americans, you were overjoyed to hear that Tucker Carlson, who is not afraid of exposing government corruption in either party, would be allowed to view all 44,000 hours of the Capitol surveillance tapes and were hoping that finally, we would be allowed to discover what really happened on that day. The majority of Americans never trusted the partisan, Trump-hating Jan 6 Witch Hunt Committee to give an accurate picture of what happened on January 6th at our nation’s Capitol. Those who want the truth exposed have been waiting patiently for Tucker to begin showing surveillance footage on his show, believing he would, once and for all, destroy the Left’s narrative that the so-called “insurrection” was pre-planned by Trump and his supporters.

We’re now learning that Tucker Carlson’s staff will NOT be allowed to freely record footage from January 6, but may request particular clips and that his staffers are not allowed to record or remove any videos from a specific screening area. CBS News – “Fox News host Tucker Carlson’s staff was permitted to view but not record portions of some 41,000 hours of police videos documenting the events of Jan. 6, 2021, with the opportunity to request copies of some of the clips under an agreement reached with House Speaker Kevin McCarthy’s office, according to the high-ranking Republican member of the committee that oversees the U.S. Capitol Police.”

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Do AI chatbots have the same function as the Oracle of Delphi?

The Return of Oracles: Chatbots Are Coming! (Ugo Bardi)

With the second millennium, society became more and more complex, and the state propaganda system started becoming too rigid and oversimplified. The development of the World Wide Web was an existential challenge for the mass media: people didn’t need anymore to be told what they had to know in a one-size-fits-all, form. They could actively search for knowledge using general-purpose search engines. The epistemic battle rapidly moved to the Web, where states tried to crack down on independent thought by using the tools they know best. Demonization, using terms such as “fake news,” “disinformation,” and “Russian trolls,” was extensively and successfully used to censor and eliminate non-standard sources. It was not possible to completely eliminate independent communication, but the search engines could be bent to suit the needs of the state without the need for direct censorship. Those sites that provide independent data could be simply “soft-banned” or “shadowed.” They are still there, but they are nearly impossible to be found.

And now, there came the new oracles. They came with the name of artificial intelligence-based “chatbots.”(**) A new epistemic revolution, they bypass the search engines, seeking for an answer to direct questions, just like the old oracles did. And they are flexible, adaptable, and changing as a function of the questions they receive. In principle, chatbots are the death knell for search engines, which were the earlier death knell for propaganda. We are in the midst of this new epistemic change, and it is unclear what AI chatbots can and cannot do. For the time being, a good chatbot acts like a good (albeit a little dull) librarian and, at the same time, a meticulous editorial assistant (again, a rather dull one). But, in principle, a good chatbot can bypass the shadow-banning of the search engines: they are much more powerful and sophisticated tools for searching information on the Web. They work on the same principle as the old oracles: they pay for information with information. Every time you ask the bot a question, you provide it with a precious element of information.

Eventually, the question is always the same: who controls the flow of information? Can chatbots be controlled by the state? Maybe but, again, they are very sophisticated tools; they are not easily manageable by the brute force that can be used with the old mass media. They have already scared the elites, who may soon crack down on them. Or, on the other hand, they may be used for even stricter control of people. For one thing, be careful with what you say to your chatbot. A general-purpose chatbot such as “chatGPT” does not keep a record of who asked it what. But others, such as “Replika,” do build a database of your questions that may be used to profile you, or much worse. History teaches us that epistemic revolutions cannot be stopped for a long time. And also that their consequences are always unexpected, and not always pleasant. And, as always, we march into the future with blinds on our eyes, in the darkness, not realizing that both sides of the paths are deep chasms. But we keep walking onward.

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A world I don’t recognize.

 

 

Moose

 

 

 

 

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Sep 142020
 


Edvard Munch Love and pain 1895

 

“A Harris Administration Together With Joe Biden” (AZC)
America’s Color Revolution (Paul Craig Roberts)
Biden Says Stay in Mideast, Increase Military Spending (Antiwar)
Wiped Phones Obstruction Of Justice, Worst Sort Destruction Of Evidence (RCP)
Trump Signs New, Expanded Executive Order To Lower US Drug Prices (R.)
State Dept Reported Burisma Paid Bribe While Hunter Biden Served On Board (JTN)
The Fed’s New Framework: This Time Is Different (Zentner)
Oracle Emerges As Likely US Partner For TikTok (JTN)
Beijing’s Mass Surveillance Of Australia And The World (ABC.au)
The Rise of Ultra-Processed Foods (Conv.)

 

 

 

 

 

 

 

 

 

 

Taleb: Retrospective bigotteering

 

 

What a most curious thing to say. Where does that come from? Is it equal to “A Pence Administration Together With Donald Trump”?

“A Harris Administration Together With Joe Biden” (AZC)

Pointing to Arizona’s high coronavirus losses, Kamala Harris urged the state’s residents to register and vote for an administration committed to its health and business needs. In a five-minute virtual speech Saturday cast as a conversation with Latina small business owners, the senator from California said she and her running mate, Joe Biden, will create manufacturing incentives, roll back tax cuts that went to the wealthy and preserve health care coverage under the Affordable Care Act. “For everyone on this call, Joe and I understand that your business is the heartbeat of your community,” Harris said. “As part of our Build Back Better agenda, we will need to make sure you have a president in the White House who actually sees you, who understands your needs, who understands the dignity of your work and who has your back.”


Harris’ speech is a reminder of the key role Hispanic voters are expected to play in helping win Arizona, a battleground for the White House. The Biden-Harris ticket is expected to win most Hispanic votes, but polling suggests they are doing so in numbers smaller than Democrat Hillary Clinton did in her losing 2016 campaign. Harris said a Democratic administration, which she called “a Harris administration together with Joe Biden,” would provide $100 billion in low-interest loans and investments for minority-owned businesses, a $15,000 tax credit for first-time home-buyers and allow government-run health insurance to compete with private insurers.

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“Trump, isolated in his own government, will be cut off from Twitter, Facebook and from the print and TV media.”

America’s Color Revolution (Paul Craig Roberts)

Russiagate was a coup that failed, followed by the failed Impeachgate coup. Faced with Trump’s reelection and the realization that upon reelection Trump will be able to deal with the treason against him, the Deep State has decided to take him out with a color revolution. The evidence of a color revolution in the works is abundantly supplied by CNN, MSNBC, New York Times, NPR, Washington Post and numerous Internet sites funded by the CIA and the foundations and corporations through which it operates, all of which are committed to Trump’s ejection from the Oval Office. The American public does not realize the extent to which the institutions of a free society have been penetrated and turned against freedom. All of these media organizations are establishing the story in the mind of Americans that Trump will not leave office when he loses or steals the election and must be driven out.

Emails are arriving from readers in the UK and Europe reporting that the British and European media are at work preparing the acceptability of the CIA’s color revolution against President Trump. It is taken for granted by both media and politicians in Europe and the UK that Trump cannot win reelection because he (1) is a Putin agent, (2) abuses the power of his office, (3) represents racist “Trump Deplorables,” (4) is a womanizer—“grab them by the pussy,” (5) is responsible for America leading the world in Covid-19 cases and deaths, (6) doesn’t support NATO (a sinecure for many Europeans), (7) is an outsider and not a member of The Establishment and “is not like us,” (8) “has orange hair” (orange is considered a low class color). You can add your own to the list.

The scenarios for what the American, British, and European media assume to be a necessary color revolution to drive Trump from office are: • Trump loses the election, refuses to leave office and must be dislodged or democracy is lost. • Trump wins the election by fraud and must be dislodged or democracy is lost. The scenarios do not accommodate Trump actually winning the election by the vote of the people. That outcome is outside the possibilities. According to the media, Trump can only lose or steal the election. With Antifa and Black Lives Matter now experienced in violent protests, they will be unleashed anew on American cities when there is news of a Trump election victory. The media will explain the violence as necessary to free us from a tyrant and egg on the violence, as will the Democrat Party. The CIA will be certain that the violence is well funded.

Trump, isolated in his own government, which has failed to bring charges against the Obama regime officials who tried to frame the President of the United States and drive him from office—Barr and Durham represent The Establishment, not the President or law—will be cut off from Twitter, Facebook and from the print and TV media. All Americans and the world will hear is that Trump lost and must go or Trump won by vote fraud and must go. It will be impossible for Trump or anyone to refute the charges.

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“The priorities, as are so often the case for the US, are fighting Russia, who Biden identified as a “near-peer” power. The US spends more than ten times the amount on its military annually that Russia does, and it is unclear in what way they are a “near-peer.”

Biden Says Stay in Mideast, Increase Military Spending (Antiwar)

Former Vice President Joe Biden gave some of his first foreign policy-related positions in an interview with Stars and Stripes on Thursday, saying the “forever wars have to end” while seemingly ruling out any full-fledged withdrawals, arguing the US still has to worry about terrorism and ISIS. Biden said the ongoing US wars in Iraq, Afghanistan, and Syria are so complicated he can’t promise a withdrawal. He also suggested he may increase military spending even beyond its current record levels as he shifts focus to what he believes should be the military’s priorities. The priorities, as are so often the case for the US, are fighting Russia, who Biden identified as a “near-peer” power.


The US spends more than ten times the amount on its military annually that Russia does, and it is unclear in what way they are a “near-peer.” Either way, Biden intends to shift the focus toward unmanned drones and cyber-warfare, and suggests that is likely to boil down to not just a shift in where money is spent, but likely an increase in spending as well. “First thing I’m going to have to do, and I’m not joking: if elected I’m going to have to get on the phone with the heads of state and say America’s back,” Biden said, saying NATO has been “worried as hell about our failure to confront Russia.”

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Sidney Powell.

Wiped Phones Obstruction Of Justice, Worst Sort Destruction Of Evidence (RCP)

Sidney Powell, the attorney for Former National Security Advisor Michael Flynn, appeared on FOX Business and denounced the Mueller team for having their phones wiped before the DOJ inspector general could view their contents. “I wrote about it in an article in 2018 complaining that Rosenstein and Mueller allowed the Strzok/Page cell phones from the special counsel operation to be destroyed, and I demanded that the IG seize the other phones then and collect all the evidence off of them,” Powell said Thursday. “And then the IG lets this happen. All of those phones should have been seized while at the end of the special counsel operation while they were still doing it, and they should have nailed every one of them.”


Powell on Strzok: “Peter Strzok is a liar. Peter Strzok is the one who altered the 302 multiple times in conjunction with Lisa Page until he added statements that were not reflected in the notes of the two agents that interviewed General Flynn.” “And both agent Strzok and agent Pientka who interviewed him knew at the time he was telling them the truth. That’s why Flynn was never re-interviewed. They didn’t even warn him about a 1001 statement, and they didn’t let him look at the transcript like they do with every other witness.” “They treated him differently than anyone else they ever interviewed for anything. They schemed and planned to interview him in such a way he did not even know he was the subject of the interview or investigation and they did that deliberately, violating all the rules in the process.”

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Got to love this from Big Pharma:

“a reckless attack on the very companies working around the clock to beat COVID19.”

Trump Signs New, Expanded Executive Order To Lower US Drug Prices (R.)

President Donald Trump signed a new executive order on Sunday aimed at lowering drug prices in the United States by linking them to those of other nations and expanding the scope of a July action. “My Most Favored Nation order will ensure that our Country gets the same low price Big Pharma gives to other countries. The days of global freeriding at America’s expense are over,” Trump said in a Twitter post. The latest step, coming less than two months before the Nov. 3 presidential election, would replace a July 24 Trump executive order. It extends the mandate to prescription drugs available at a pharmacy, which are covered under Medicare Part D. The July version focused on drugs typically administered in doctors’ offices and health clinics, covered by Medicare Part B.


Specifically, it would pay a price for a drug that matches the lowest price paid among wealthy foreign governments. Medicare, the government healthcare program for seniors, is currently prohibited from negotiating prices it pays to drugmakers. It also requires issuing new federal rules, a complex process that might not be done by Election Day. Determining prices paid by other countries could be challenging as negotiations between governments and drugmakers often are kept confidential. The industry’s largest trade group – the Pharmaceutical Research and Manufacturers of America, or PhRMA – denounced Trump’s move as “a reckless attack on the very companies working around the clock to beat COVID-19.”

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Will this go away?

State Dept Reported Burisma Paid Bribe While Hunter Biden Served On Board (JTN)

Just eight months after Vice President Joe Biden’s son Hunter joined the board of Burisma Holdings, U.S. officials in Kiev developed evidence that the Ukrainian gas company may have paid a $7 million bribe to the local prosecutors investigating the firm for corruption, according to interviews and State Department memos. State officials believed the alleged bribe was paid between May and December 2014 and got confirmation from one prosecutor. They argued the bribe amounted to a “gross miscarriage of justice that undermined months of US assistance” to fight corruption in Ukraine, contemporaneous memos show. The concerns were eventually reported to the FBI, although it is not clear whether the allegations were ever investigated more fully, according to current and former U.S. and Ukrainian government officials.

The anecdote, buried in five-year-old diplomatic files, provides a fresh illustration of the awkward, uncomfortable conflict of interest State officials perceived as they tried to fight pervasive corruption in Ukraine under Joe Biden’s leadership while the vice president’s son collected large payments as a board member for an energy firm widely viewed as corrupt. The concerns first came to a head in January 2015, the memos show, about eight months after Hunter Biden was named to Burisma’s board and after two major corruption investigations — one in Ukraine and the other in Britain — were opened against the gas firm.

George Kent, then a State Department official newly sent to the U.S. embassy in Kiev to lead anti-corruption efforts, was concerned the bribery allegations surrounding Prosecutor General Vitaly Yarema were credible enough that he sought a meeting with one of Yarema’s deputies to demand action, according to State Department memos. His concern was triggered when Yarema took action over the Christmas 2014 holidays to undercut both the British and Ukraine investigations of Burisma and its founder Mykola Zlochevsky, and the U.S. embassy received word a $7 million bribe had changed hands, State memos show. The Feb. 3, 2015 meeting involved Kent, one of Yarema’s top deputies, Anatoliy Danylenko, as well as the DOJ’s liaison in Ukraine, Jeffrey Cole, memos show. It was arranged by Andrii Telizhenko, an English-speaking mid-level Ukrainian government official long trusted by the Obama administration in Kiev and Washington to facilitate contacts between the two countries.

“No problem, works for us. I’ll get you the names soonest. Likely George and Jeff Cole. Will confirm later,” U.S. embassy official Gregory W. Pfleger wrote Telizhenko in a lengthy Jan. 31, 2015 email chain that arranged the location, date and attendees for the meeting for three days later. Pfleger had forwarded Kent’s resume to the Ukrainians since he was new to the embassy, and Telizhenko reciprocated by forwarding a biography for Danylenko, the memos show. U.S. officials familiar with the meeting, as well as one eyewitness, told Just the News that Kent strongly confronted Danylenko, insisting the U.S. had strong reason to believe that Burisma officials made a multimillion dollar bribe to Yarema’s office between May 2014 when Hunter Biden joined the board and December 2014.

[..] A few days after the meeting, Yarema abruptly stepped down Feb. 10, 2015 as the chief prosecutor of Ukraine after just a few months in the job.

Strzok believes

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From Morgan Stanley’s chief economist Ellen Zentner. I must assume these people believe in their own gibberish, as well as the Fed’s.

The Fed’s New Framework: This Time Is Different (Zentner)

On August 27, Chair Powell and the Federal Open Market Committee made history, rolling out a new inflation-targeting framework. I believe that the central bank is now more likely to achieve its desired inflation target in the current cycle. If it does, this new framework may well be Chair Powell’s legacy. The Fed replaced its old symmetric 2% inflation target with a flexible average inflation-targeting framework. It emphasizes that the Fed will target an inflation overshoot in recoveries following inflation shortfalls during downturns. This has important implications for economic and policy outcomes over the medium term. Most specifically, under Powell’s leadership the Fed has now solidified a more dovish path than in previous recoveries.

Under the new outcome-based approach, the Fed needs evidence of inflation before raising rates, rather than simply forecasting that it will rise. Had this policy framework been in place in the last cycle, with inflation and unemployment evolving exactly as they did, the Fed might have delayed lift-off to as late as 2018, with its overall policy stance more accommodative for longer. It’s not just policy outcomes that are likely to differ. A change in monetary policy dynamics is likely to feed through to inflation expectations, which are relevant to price- and wage-setting. This would make it more likely that the Fed can achieve its inflation targets over the current cycle and that average 2% inflation outcomes are attainable over time.

To be sure, the change in the Fed’s framework makes us even more confident that inflation will be structurally higher over this cycle and beyond. How quickly the output and employment gaps close in this cycle will play a major role in determining when the first rate hike comes. Moreover, we believe that to demonstrate their commitment to the new strategy, policy-makers won’t rush to raise rates at the first sign of success. The longer-term simulations we laid out in Life After Covid suggest that the kind of labor market and inflation conditions the Fed would want to see sustained could be in place for the Fed to consider raising rates by the first half of 2024, sooner should the V-shaped recovery continue to run ahead of expectations.

Long before the first rate hike, the Fed should see the necessary conditions to start taking its foot off the gas. Working backwards, we think the Fed will want to end its asset purchases around a year before the first rate hike. This suggests that asset purchases would stop in early 2023, but tapering is likely to come in mid-2022. Chair Powell has time and again displayed an affinity for long-dated forewarning of Fed action to market participants, so starting to slow the pace of asset purchases around mid-2022 means we should get guidance that tapering is on the horizon by the December 2021 FOMC meeting.

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I thought they weren’t going to sell at all?!

Oracle Emerges As Likely US Partner For TikTok (JTN)

Oracle emerged Sunday evening as the likely U.S. partner for the popular social video app TikTok after Microsoft Corp. announced its bid had been rejected by the Chinese app’s owner. “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,” the U.S. software maker announced in a blog post. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. Microsoft’s rejection left Oracle as the lone remaining U.S. suitor. The Washington Post, quoting an anonymous source, reported Sunday night that ByteDance had chosen Oracle as TikTok’s U.S. technology partner.

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China emulates the CIA?!

Beijing’s Mass Surveillance Of Australia And The World (ABC.au)

A Chinese company with links to Beijing’s military and intelligence networks has been amassing a vast database of detailed personal information on thousands of Australians, including prominent and influential figures. A database of 2.4 million people, including more than 35,000 Australians, has been leaked from the Shenzhen company Zhenhua Data which is believed to be used by China’s intelligence service, the Ministry of State Security. Zhenhua has the People’s Liberation Army and the Chinese Communist Party among its main clients. Information collected includes dates of birth, addresses, marital status, along with photographs, political associations, relatives and social media IDs.

It collates Twitter, Facebook, LinkedIn, Instagram and even TikTok accounts, as well as news stories, criminal records and corporate misdemeanours. While much of the information has been “scraped” from open-source material, some profiles have information which appears to have been sourced from confidential bank records, job applications and psychological profiles. The company is believed to have sourced some of its information from the so-called “dark web”. One intelligence analyst said the database was “Cambridge Analytica on steroids”, referring to the trove of personal information sourced from Facebook profiles in the lead up to the 2016 US election campaign.

[..] The database was leaked to a US academic based in Vietnam, Professor Chris Balding, who until 2018 had worked at the elite Peking University before leaving China citing fears for his physical safety. “China is absolutely building out a massive surveillance state both domestically and internationally,” Professor Balding told the ABC. “They’re using a wide variety of tools — this one is taken primarily from public sources, there is non-public data in here, but it is taken primarily from public sources. “I think it speaks to the broader threat of what China is doing and how they are surveilling, monitoring and seeking to influence… not just their own citizens, but citizens around the world.” Professor Balding has returned to the United States, leaving Vietnam after being advised it was no longer safe for him to be there.

It was also a grave risk taken by the person who leaked the database to him, who contacted him as he started publishing articles about Chinese tech giant Huawei. “We’ve worked very hard to make sure that there are no links between me and that person, once I realised what had been given to me,” he said. “They are still in China. But hopefully I think they will be safe.” Professor Balding gave the database to Canberra cyber security company Internet 2.0 which was able to restore 10 per cent of the 2.4 million records for individuals. Internet 2.0’s chief executive Robert Potter said Zhenhua had built the capacity to track naval vessels and defence assets, to assess the careers of military officers and catalogue the intellectual property of China’s competitors. “This mass collection of data is taking place in China’s private sector, in the same way Beijing outsources its cyber attack capability to private subcontractors,” Mr Potter told the ABC.

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Awfully simplistic, but a good reminder that this stuff makes your body, and your immune system, much weaker. The last thing you want with a virus like this going around is chronic inflammation.

The Rise of Ultra-Processed Foods (Conv.)

Humans (and our ancestors) have been processing food for at least 1.8 million years. Roasting, drying, grinding and other techniques made food more nutritious, durable and tasty. This helped our ancestors to colonise diverse habitats, and then develop settlements and civilisations. Many traditional foods used in cooking today are processed in some way, such as grains, cheeses, dried fish and fermented vegetables. Processing itself is not the problem. Only much more recently has a different type of food processing emerged: one that is more extensive, and uses new chemical and physical techniques. This is called ultra-processing, and the resulting products ultra-processed foods.

To make these foods, cheap ingredients such as starches, vegetable oils and sugars, are combined with cosmetic additives like colours, flavours and emulsifiers. Think sugary drinks, confectionery, mass-produced breads, snack foods, sweetened dairy products and frozen desserts. Unfortunately, these foods are terrible for our health. And we’re eating more of them than ever before, partially because of aggressive marketing and lobbying by “Big Food”. [..] We found that more ultra-processed foods in the diet associates with higher risks of obesity, heart disease and stroke, type-2 diabetes, cancer, frailty, depression and death. These harms can be caused by the foods’ poor nutritional profile, as many are high in added sugars, salt and trans-fats.


Also, if you tend to eat more ultra-processed foods, it means you probably eat fewer fresh and less-processed foods. Industrial processing itself can also be harmful. For example, certain food additives can disrupt our gut bacteria and trigger inflammation, while plasticisers in packaging can interfere with our hormonal system. Certain features of ultra-processed foods also promote over-consumption. Product flavours, aromas and mouthfeel are designed to make these foods ultra-tasty, and perhaps even addictive.

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May 152018
 


Henri Matisse Odalisque couchée aux magnolias 1923

 

Making Money In The Stock Market Just Got A Lot More Difficult (MW)
America’s Worst Long-Term Challenges: #1- Debt. (Black)
Fifteen Thoughts About Israel (Caitlin Johnstone)
Australia Probes Claim Google Harvests Data, Makes Consumers Pay (R.)
Warning Sounded Over China’s ‘Debtbook Diplomacy’ (G.)
China Really Is To Blame For Millions Of Lost US Manufacturing Jobs (MW)
No Progress Made On Any Key Area Of Brexit For Months – EU (Ind.)
Russian Company Charged In Mueller Probe Seeks Grand Jury Materials (R.)
Bridge From Mainland Russia To Crimea Hours Away From Opening (RT)
Industrial Trans Fats Must Be Removed From Food Supply –
Bank of England Should Print Money To Prevent Climate Change (Ind.)
Wildlife Poachers In Kenya ‘To Face Death Penalty’ (Ind.)

 

 

Bonds yield more than stocks.

Making Money In The Stock Market Just Got A Lot More Difficult (MW)

For almost a decade, it’s been extremely difficult to lose money in the U.S. stock market. Over the next decade, it could be hard to do anything but, according to analysts at Morgan Stanley. The outlook for market returns has precipitously worsened in recent months, with analysts and investors growing increasingly confident that the lengthy bull market that began in the wake of the financial crisis could be, if not coming to a close, petering out. More market participants view the economy as being in the late stage of its cycle, and a recession is widely expected in the next few years. All of that could result in an equity-market environment that’s a mirror image of recent years, where gains were pretty much uninterrupted, and volatility was subdued.

“2018 is seeing multiple tailwinds of the last nine years abate,” Morgan Stanley analysts wrote in a report to clients that was entitled “The End of Easy,” in reference to the investing environment. “Decelerating growth, rising inflation and tightening policy leave us with below-consensus 12-month return forecasts for most risk assets. After nine years of markets outperforming the real economy, we think the opposite now applies as policy tightens.” As part of its call, Morgan Stanley reduced its view on global equities to equal weight, saying they were “in a range-trading regime with limited 12-month upside.” It raised its exposure to cash, following Goldman Sachs, which last week upgraded its view on the asset class on a short-term basis.

U.S. GDP grew at an annualized 2.3% in the first quarter, below the 3% average of the previous three quarters, as consumer spending hit its weakest level in five years. While slowing growth isn’t the same as a contraction, the data added to concerns that a period of synchronized global growth was coming to a close. According to a BofA Merrill Lynch Global survey of fund managers in April, just 5% of respondents expect faster global growth over the coming 12 months, compared with the roughly 40% that did at the start of the year.

[..] Howard Wang, the co-founder of Convoy Investments, called the Fed’s ballooning balance sheet “the fundamental driver of asset prices over the last decade.” He provided the chart below, which compares the growth in the U.S. money supply against the long-term return of all assets, including global equities, bond categories, real estate, and gold. “I believe the trend of shrinking money supply in the system will continue for some time to come,” Wang wrote. “This adjustment is a painful but necessary process for healthier markets and economies.”

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$52,000 per second.

America’s Worst Long-Term Challenges: #1- Debt. (Black)

On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history. It took nearly two centuries to reach that unfortunate milestone. And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race… plus dozens of other wars, financial panics, and economic crises. Today, the national debt stands at more than $21 trillion– a milestone hit roughly two months ago. This means that the government added $20 trillion to the national debt in the 37 years between October 22, 1981 and March 15, 2018.

That’s an average of nearly $1.5 BILLION added to the national debt every single day… $62 million per hour… $1 million per minute… and more than $17,000 per SECOND. But the problem for the US government is that this trend has grown worse over the years. It took only 214 days for the government to go from $20 trillion in debt to $21 trillion in debt– less than eight months to add a trillion dollars to the national debt. That’s an average of almost $52,000 per second. Think about that: on average, the US national debt increases by more in a split second than the typical American worker earns in an entire year. And there is no end in sight.

At 105% of GDP, America’s national debt is already larger than the size of the entire US economy. (By comparison the national debt was just 31% of GDP in 1981.) Plus, the government’s own projections show a steep increase to the debt in the coming years and decades. The Treasury Department has already estimated that it will borrow $1 trillion this fiscal year, $1 trillion next year, and another trillion dollars the year after that. They’re also forecasting the national debt to exceed $30 trillion by 2025.

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I’ll let Caitlin do the talking. The damage done to America yesterday will be felt for a long time.

Fifteen Thoughts About Israel (Caitlin Johnstone)

1. I hate writing about Israel. The accusations of anti-semitism which necessarily go along with literally any criticism of that nation are gross enough, but even worse are the assholes who take my criticisms of the Israeli government as an invitation to actually be anti-semitic. They really do hate Jews, they really do think that every problem in the world is because of Jews and they post Jewish caricature memes and calls for genocide in the comments section on social media and it’s incredibly gross and I hate it. It feels exactly as intrusive, jarring and violating as receiving an unsolicited dick pic. But the Israeli government keeps committing war provocations and massacring Palestinians, so it’s something I’ve got to talk about.

2. Anti-semitism (or whatever word you prefer to use for the pernicious mind virus which makes people think it’s okay to promote hatred against Jewish people) is a very real thing that does exist, and I denounce it to the furthest possible extent. Anti-semitism is also a label that is used to bully the world into accepting war crimes, apartheid, oppression, and mass murder. Both of those things are true.

3. There were dozens of Palestinians killed and well above a thousand injured in the Gaza protests over the US moving its embassy to Jerusalem yesterday. I haven’t found any report of so much as a single Israeli injury. The only way to spin this as the fault of the Palestinians is to dehumanize them, to attribute behaviors and motives to them that we all know are contrary to human nature. To paint them as subhuman orc-like creatures who are so crazy and evil that they will keep throwing themselves at a hail of bullets risking life and limb just to have some extremely remote chance of harming a Jewish person for no reason. This is clearly absurd. A little clear thinking and empathy goes a long way.

6. Any position on Israel that is determined by words made up by dead men thousands of years ago is intrinsically invalid. Saying the Jewish people are more entitled to Israel than those who were living there seven decades ago because of some superstitious voodoo written in obsolete religious texts is not an argument. Religious freedom is important, and it’s important to be able to believe whatever you like, but your beliefs do not legitimize your actions upon other people. If you murder someone in the name of Allah, you have murdered someone. If you kill 58 people because you feel some ancient scripture entitles you to a particular section of dirt, you have killed 58 people. Your internal beliefs do not give you a free pass for your egregious actions upon others.

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Betcha it’s true. Making people pay to be spied upon.

Australia Probes Claim Google Harvests Data, Makes Consumers Pay For It (R.)

Google is under investigation in Australia following claims that it collects data from millions of Android smartphones users, who unwittingly pay their telecom service providers for gigabytes consumed during the harvesting, regulators said on Tuesday. Responding to the latest privacy concerns surrounding Google, a spokesman for the U.S. based search engine operator said the company has users’ permission to collect data. The Australian investigations stem from allegations made by Oracle Corp in a report provided as part of an Australian review into the impact that Google, owned by Alphabet Inc, and Facebook have on the advertising market. Both the Australian Competition and Consumer Commission (ACCC) and the country’s Privacy Commissioner said they were reviewing the report’s findings.

“The ACCC met with Oracle and is considering information it has provided about Google services,” said Geesche Jacobsen, a spokeswoman for the competition regulator. “We are exploring how much consumers know about the use of location data and are working closely with the Privacy Commissioner.” Oracle, according to The Australian newspaper, said Alphabet receives detailed information about people’s internet searches and user locations if they have a phone that carries Android – the mobile operating system developed by Google. Transferring that information to Google means using up gigabytes of data that consumers have paid for under data packages purchased from local telecom service providers, according to the Oracle report.

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As I’ve said for a long time, this is the Belt and Road scheme.

Warning Sounded Over China’s ‘Debtbook Diplomacy’ (G.)

China’s “debtbook diplomacy” uses strategic debts to gain political leverage with economically vulnerable countries across the Asia-Pacific region, the US state department has been warned in an independent report. The academic report, from graduate students of the Harvard Kennedy school of policy analysis, was independently prepared for the state department to view and assessed the impact of China’s strategy on the influence of the US in the region. The paper identifies 16 “targets” of China’s tactic of extending hundreds of billions of dollars in loans to countries that can’t afford to pay them, and then strategically leveraging the debt.

It said while Chinese infrastructure investment in developing countries wasn’t “inherently” against US or global interests, it became problematic when China’s use of its leverage ran counter to US interests, or if the US had strategic interests in a country which had its domestic stability undermined by unsustainable debt. The academics identified the most concerning countries, naming Pakistan and Sri Lanka as states where the process was “advanced”, with deepening debt and where the government had already ceded a key port or military base, as well places including Papua New Guinea and Thailand, where China had not yet used its amassed debt leverage.

Papua New Guinea, which “has historically been in Australia’s orbit”, was also accepting unaffordable Chinese loans. While this wasn’t a significant concern yet, the report said, the country offered a “strategic location” for China, as well as large resource deposits. While there was a lack of “individual diplomatic clout” in Cambodia, Laos and the Philippines, Chinese debt could give China a “proxy veto” in Asean, the academics said.

[..] China’s methods were “remarkably consistent”, the report said, beginning with infrastructure investments under its $1tn belt and road initiative, and offering longer term loans with extended grace periods, which was appealing to countries with weaker economies and governance. Construction projects, which the report said had a reputation for running over budget and yielding underwhelming returns, make debt repayments for the host nations more difficult. “The final phase is debt collection,” it said. “When countries prove unable to pay back their debts, China has already and is likely to continue to offer debt-forgiveness in exchange for both political influence and strategic equities.”

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That’s been obvious for many years.

China Really Is To Blame For Millions Of Lost US Manufacturing Jobs (MW)

Millions of Americans who lost manufacturing jobs during the 2000s have long ”known” China was to blame, not robots. And many helped elect Donald Trump as president because of his insistence that China was at fault. Evidently many academics who’ve studied the issue are finally drawing the same conclusion. For years economists have viewed the increased role of automation in the computer age as the chief culprit for some 6 million lost jobs from 1999 to 2010 — one-third of all U.S. manufacturing employment. Firms adopted new technologies to boost production, the thinking goes, and put workers out of the job in the process. Plants could make more stuff with fewer people.

In the past several years fresh thinking by economists such as David Autor of MIT has challenged that view. The latest research to poke holes in the theory of automation-is-to-blame is from Susan Houseman of the Upjohn Institute. Academic research tends to be dry and complicated, but Houseman’s findings boil down to this: The government for decades has vastly overestimated the growth of productivity in the American manufacturing sector. It’s been growing no faster, really, than the rest of the economy. What that means is, the adoption of technology is not the chief reason why millions of working-class Americans lost their jobs in a vast region stretching from the mouth of the Mississippi river to the shores of the Great Lakes. Nor was it inevitable.

Autor and now Houseman contend the introduction of China into the global trading system is root cause of the job losses. Put another way, President Bill Clinton and political leaders who succeeded him accepted the risk that the U.S. would suffer short-term economic harm from opening the U.S. to Chinese exports in hopes of long-run gains of a more stable China. No longer needing to worry about U.S. tariffs, the Chinese took full advantage. Low Chinese wages and a cheap Chinese currency — at a time when the dollar was strong — gave China several huge advantages. Companies shuttered operations in the U.S., moved to China and eventually set up research hubs overseas in another blow to the America’s economic leadership. The cost to the U.S. is still being tallied up.

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Gee, what a surprise.

No Progress Made On Any Key Area Of Brexit For Months – EU (Ind.)

EU27 ministers met on Monday with the bloc’s chief negotiator Michel Barnier in Brussels to discuss the state of talks so far. “Mr Barnier informed us that since 23 March no significant progress has been made on the three pillars that we work on: withdrawal, future framework, and Ireland,” Ekaterina Zakharieva, the Bulgarian foreign minister chairing the council, told journalists at an official press conference following the meeting. The renewed deadlock in Brussels comes as Theresa May’s cabinet repeatedly fails to agree with itself on what customs arrangement it wants with the EU after Brexit, despite publishing two options in August of last year. Both those options were dismissed as “magical thinking” by the EU at the time.

Speaking at a separate event in Brussels on Monday evening, Mr Barnier himself said that full talks on the future relationship had not even started in earnest despite getting the green light at a summit in March. “There is still a lot of uncertainty. Negotiations on the future with the UK have not started yet. We have had first exploratory discussions,” he said. Ms Zakharieva said the EU27 countries wanted more “intensive engagement by the UK government in the coming weeks”, warning that the October deadline was “only five months from now”. Ms May will next meet EU leaders in Brussels at the end of June for a meeting of the European Council.

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If you can’t see the material used to accuse you, what rights do you have?

Russian Company Charged In Mueller Probe Seeks Grand Jury Materials (R.)

A Russian company accused by Special Counsel Robert Mueller of funding a propaganda operation to interfere in the 2016 U.S. presidential election is asking a federal judge for access to secret information reviewed by a grand jury before it indicted the firm. In a court filing on Monday, lawyers for Concord Management and Consulting LLC said Mueller had wrongfully accused the company of a “make-believe crime,” in a political effort by the special counsel to “justify his own existence” by indicting “a Russian-any Russian.” They asked the judge for approval to review the instructions provided to the grand jury, saying they believed the case was deficient because Mueller lacked requisite evidence to show the company knowingly and “willfully” violated American laws.

Concord is one of three entities and 13 Russian individuals charged earlier this year by Mueller’s office, in an alleged criminal and espionage conspiracy to meddle in the U.S. race, boost then-presidential candidate Donald Trump and disparage his Democratic opponent Hillary Clinton. The indictment said Concord was controlled by Russian businessman Evgeny Prigozhin, who U.S. officials have said has extensive ties to Russia’s military and political establishment. Prigozhin, also personally charged by Mueller, has been dubbed “Putin’s cook” by Russian media because his catering business has organized banquets for Russian President Vladimir Putin and other senior political figures. He has been hit with sanctions by the U.S. government. Concord is facing charges of conspiring to defraud the United States, and is accused of controlling funding, recommending personnel and overseeing the activities of the propaganda campaign.

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“..more than half a year ahead of schedule..” Try that at home.

Bridge From Mainland Russia To Crimea Hours Away From Opening (RT)

The bridge across the Kerch Strait, which will connect the Crimean Peninsula and Krasnodar Region is set to open on Tuesday. Construction of the bridge, the longest in Russia with a span of 19 kilometers, has been carried out since February 2016, and it is opening for cars more than half a year ahead of schedule. The bridge capacity is 40,000 cars and 47 pairs of trains per day, 14 million passengers and 13 million tons of cargo per year. The railway section is scheduled to open in early 2019, the bridge will be opened for trucks starting from October of this year.

The link became vital after Crimea voted to rejoin Russia in 2014, as the peninsula’s only land border is with Ukraine. Before the opening, regular passenger and cargo deliveries were organized by direct flights and ferries from ports in southern Russia. Each pillar of the bridge needs about 400 tons of metal structures, which means that all pillars need as much iron as 32 Eiffel towers. The bridge’s piles are installed at least 90 meters under water.

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It’s very easy to just ban the stuff. That your governments haven’t simply done that says a lot.

Industrial Trans Fats Must Be Removed From Food Supply – WHO (G.)

Trans fats used in snack foods, baked foods and fried foods are responsible for half a million deaths worldwide each year and must be eliminated from the global food supply, the World Health Organization says today. Most of western Europe has already acted to reduce industrially made trans fats from factory-made foods. Denmark, like New York, which followed its lead, has an outright ban. Big food companies elsewhere have been under intense pressure to use substitutes. In the UK, the latest national diet and nutrition survey shows average intake of trans fats is well below the recommended upper limit of 2% of food energy, at 0.5-0.7%. Although companies manufacturing processed food in the UK do not use trans fats any more, the fats are in some cheap foods imported from other countries.

The WHO is calling on all governments to take action, including passing laws or regulations to rid their food supply of industrial trans fats. Director general Dr Tedros Adhanom Ghebreyesus said eliminating trans fats would “represent a major victory in the global fight against cardiovascular disease”. The WHO is targeting industrially made trans fats, but trans fats are also contained in milk, butter and cheese derived from ruminants, mainly cows and sheep. Dr Francesco Branca, director of the Department of Nutrition for Health and Development at the WHO, said the amounts we eat in dairy products are unlikely to breach the health guidelines. “We are saying that trans fats contained in those products have the same effect as industrial trans fats – we are not able to tell the difference,” he said. “But the amount contained in dairy products is much less.”

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How about money NOT to build roads?

Bank of England Should Print Money To Prevent Climate Change (Ind.)

The Bank of England should print money for the government to invest in the low-carbon economy to combat climate change, according to a new report. The BoE must also offload fossil fuel assets and use its existing powers more effectively to promote green projects, the campaign and research group Positive Money says. The report argues that the bank’s mandate to secure financial stability “looks incoherent over time unless it considers the long-term viability of the economy”. That viability will be undermined unless the threat of climate change is tackled soon, the researchers say. “The nature of climate change is such that either physical damage from weather or radical changes in technology and policy will occur in some combination, so action is needed now,” the report says.

It challenges the bank’s record on climate change and says its programme of, in effect, printing billions of pounds to prop up the economy has disproportionately helped carbon-intensive companies that are choking the planet. Under quantitative easing (QE), the bank has bought billions of pounds of debt from companies and the government. This is supposed to increase demand for debt, which in turn lowers interest rates. Cheaper borrowing means more borrowing which is supposed to be used to fund economic activity. But the researchers argue that QE has been actively harmful to efforts to combat climate change because the bank’s own criteria have been skewed towards buying debt from high-carbon sectors like manufacturing and utilities.

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The only solution left.

Wildlife Poachers In Kenya ‘To Face Death Penalty’ (Ind.)

Wildlife poachers in Kenya will face the death penalty, the country’s tourism and wildlife minister has reportedly announced. Najib Balala warned the tough new measure would be fast-tracked into law. Existing deterrents against killing wild animals in the east African nation are insufficient, Mr Balala said, according to China’s Xinhua news agency. So in an effort to conserve Kenya’s wildlife populations, poachers will reportedly face capital punishment once the new law is passed. Kenya is home to a wide variety of treasured species in national parks and reserves, including lions, black rhinos, ostriches, hippos, buffalos, giraffe and zebra.

Last year in the country 69 elephants – out of a population of 34,000 – and nine rhinos – from a population of under 1,000 – were killed. “We have in place the Wildlife Conservation Act that was enacted in 2013 and which fetches offenders a life sentence or a fine of US$200,000,” Mr Balala reportedly said. “However, this has not been deterrence enough to curb poaching, hence the proposed stiffer sentence.”

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