Jan 152019
 
 January 15, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , , , , , ,  


Ivan Aivazovsky Moonlight c1850

 

May Faces Crushing Brexit Defeat Despite Last-Minute Plea To MPs (G.)
100 Of May’s Own MPs Set To Vote Against Her Brexit Deal (Ind.)
No-Deal Brexit Means ‘Social And Economic Catastrophe’ -Banks (Ind.)
Brexit Preppers: ‘I Don’t Trust The Government To Look After Me Or My Dog’ (G.)
Global Economy Fears Grow As China And Eurozone Slump (G.)
Hunting for Golem (Jim Kunstler)
FBI Investigation Of Trump As National Security Threat Is A Serious Danger (GG)
Trump Reportedly Said He Wanted To Pull The US From NATO (CNBC)
WikiLeaks Starts Suing Guardian Over Assange-Manafort Fake News Story (RT)
Antarctic Losing 500% More Ice A Year Than In 80s – NASA (Ind.)
Wildlife: The Real Crisis At The US-Mexico Border (PI)
98% Of Ground Insects Vanish From Puerto Rican Rainforest In 35 Years (G.)

 

 

““We have an instruction from the British people to leave and it’s our duty to deliver on that..”

May Faces Crushing Brexit Defeat Despite Last-Minute Plea To MPs (G.)

Theresa May appears to be on course for a crushing defeat in the House of Commons as Britain’s bitterly divided MPs prepare to give their verdict on her Brexit deal in the “meaningful vote” on Tuesday. With Downing Street all but resigned to losing by a significant margin, Guardian analysis pointed to a majority of more than 200 MPs against the prime minister. Labour sources said that unless May made major unexpected concessions, any substantial margin against her would lead Jeremy Corbyn to call for a vote of no confidence in the government – perhaps as soon as Tuesday night. But since Conservative MPs are unlikely to offer Corbyn the backing he would need to win a no-confidence vote, he would then come under intense pressure to swing Labour’s weight behind a second referendum.

Cabinet ministers have not yet been told how May plans to keep the Brexit process on track if her deal is defeated – and they remain split on how she should proceed. Leavers are convinced that the prime minister should return to Brussels and press for fresh concessions, while remainers hope she will seek a compromise with Labour. On Monday, May issued one final call to parliament to back her, urging MPs to “take a second look” at her deal and stressing that it was the only option on the table that could deliver an “orderly” exit from the EU. But there was little evidence of movement after her speech.

[..] There is growing speculation at Westminster that whichever course May pursues, she will be forced to announce that she will ask the EU27 to extend article 50. The prime minister refused to rule out doing so categorically on Monday, saying only that she didn’t believe it should be necessary. “We’re leaving on 29 March. I’ve been clear I don’t believe we should be extending article 50 and I don’t believe we should be having a second referendum,” May said. “We have an instruction from the British people to leave and it’s our duty to deliver on that, but I want to do it in a way that is smooth and orderly and protects jobs and security.”

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Her own party turns against her, but May’s plans when she loses: fly to Brussels. She should leave and never come back.

100 Of May’s Own MPs Set To Vote Against Her Brexit Deal (Ind.)

Theresa May has made a desperate last-ditch plea begging her own MPs to back her Brexit plans in the face of an expected historic defeat. The prime minister beseeched Conservative MPs at a closed meeting to think of the future of their party and compromise, with around 100 of them considering voting against her. But Brexiteers still left the meeting determined to reject her plans, while Ms May also now faces up to 12 separate attempts from rebel and opposition MPs to re-shape her strategy before the final vote on Tuesday. She gave no indication as to her course of action if she loses, but Labour’s Jeremy Corbyn spoke to his own MPs in a room nearby restating his determination to call a motion of no confidence and trigger an election.

After 19 months of negotiation, a dozen EU summits and countless hours taking questions at the despatch box, Ms May will finally put her Brexit deal to a vote of the Commons on Tuesday. With her final chance to address all MPs coming shortly before the vote due after 7pm, she held a private gathering of Tories on Monday night to try to win over rebels. [..] Much of the opposition to her deal to focuses on the hated “Irish backstop”, which would come into play if no future trading arrangement is in place by December 2020, and could keep the UK in a customs union indefinitely. [..] On Monday night, Ms May’s deal suffered its first official parliamentary defeat in the House of Lords as peers voted by 321 votes to 152 to reject it.

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Every possible outcome will mean chaos.

No-Deal Brexit Means ‘Social And Economic Catastrophe’ -Banks (Ind.)

A no-deal Brexit would be an economic and social “catastrophe”, a senior banking industry leader has warned. Stephen Jones said leaving the European Union (EU) without an agreement could lead to a 1930s-style economic depression, with widespread job losses, homeowners unable to afford their mortgages, and mass defaults on loans. “A no-deal Brexit on 29 March, where we crash out of European Union, is a catastrophe,” the head of the UK Finance trade body told Channel 4 News. “It’s a social catastrophe, it’s an economic catastrophe.” The devastation caused by a disorderly exit would not just hurt the banks’ bottom lines, but hit ordinary people, he warned. “I don’t wish to be labelled a doom mongerer… but if our economy contracts by 10 per cent that’s 1930s-style contraction,” he said.

“That is a massive increase in credit card losses, mortgage losses, vehicle loan losses. “This is about jobs, this is about people not being able to pay their mortgages, not being able to pay back their loans, and that’s really bad news and it’s an outcome we can avoid.” Mr Jones, who leads the British banking sector’s lobby group, added: “I think there is a real risk of No Deal happening by accident… if the prime minister’s deal is voted down, we are in totally uncharted territory.” Asked if he backed Mrs May’s deal to prevent a no-deal scenario, Mr Jones would only say he backed a “solution that avoids a no-deal Brexit”. He added: “It’s not a great deal, there’s an awful lot of money being paid for a political declaration, which quite frankly is not worth the paper it is written on.”

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People unsure whether epilepsy drugs for their children will be available.

Brexit Preppers: ‘I Don’t Trust The Government To Look After Me Or My Dog’ (G.)

[..] it’s not just about food for Elgarf and her family. One of her four-year-old twins, Nora, who has been sitting happily on her mum’s lap as we talk, has a rare brain condition called polymicrogyria. She has lots of prescriptions, but without two of them – Epilim and Keppra – for her epilepsy, she would have multiple seizures a day. “She can’t do without them,” says Elgarf. Both Epilim and Keppra are imported. If she could stockpile these medicines, she would. But they are controlled, and she can only get a month’s supply at a time. “It should be all right,” she has been told by doctors and the pharmacists. But when it’s your daughter’s life that’s at stake, “it should be all right” isn’t good enough.

Many of the people who join the Facebook group have concerns about medicines, Elgarf says. There are a lot of diabetics and coeliacs among them. What they need is some reassurance. “We need to know for certain they have got a proper plan in place for anybody who depends on meds.” She has heard rumours that the most critical medicines may have to be collected from central hubs, which would be stocked on the basis of lists provided by GPs. [..] Helena, who has a politics degree and works for a charity, doesn’t come across as crazy. None of the people I speak to do. Informed: tick. Cautious: tick. Organised: tick. Very organised, in Helena’s case: she has – and shares with me – a spreadsheet, colour-coded according to what is fully purchased (eg tinned tomatoes and loo paper, alongside a note that the average person uses 110 rolls a year), part-purchased (eg cereal), waiting delivery (powdered coconut), or pending testing (dried falafel mix).

Falafel! I’m going straight round to Helena’s. She also has booze and biscuits. Brexit party in Cardiff on Friday 29 March, everyone. And she’s got makeup! We’re going to be looking good as the good ship Britannia goes down. Helena is not just prepping for herself. She is doing it for her dog, Charlie, too. And while she has about three months’ worth of supplies for herself, she is looking at more like a year for the dog, as she doesn’t see that pet food will be a priority. “I don’t really trust the government to look after me; I certainly don’t trust them to look after my dog,” she says. As well as dog food, there are treats and toys on the spreadsheet. Charlie is going to enjoy a hard Brexit.


Helena’s dog, Charlie, with his Brexit stockpile. Photograph: Gareth Phillips for the Guardian

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Brexit will shake the markets.

Global Economy Fears Grow As China And Eurozone Slump (G.)

Fears are growing over the state of the global economy after China recorded a shock fall in exports, while European factory output declined by the biggest margin in almost three years. In a sign that the worldwide slowdown is gathering pace, official figures showed Chinese exports were down 4.4% in December – the largest fall since 2016 – on the back of faltering demand in most of its key markets. Imports fell 7.6% to reflect waning domestic demand. The unexpected downturn for the biggest global exporter of manufactured products came as eurozone industrial output shrank in November.

The EU statistics office, Eurostat, estimated industrial production slipped 1.7% in November compared with the previous month, and 3.3% on the year, reflecting the struggles facing several European economies in recent months. The latest snapshot confirmed disappointing readings of industrial output in several major eurozone nations, raising the prospect of some of the EU’s biggest economies, including Germany and Italy, slipping into recession in the second half of 2018. Several major European economies, including the UK, have struggled with faltering levels of car production in recent months as factories adjust to handling new vehicle emissions tests introduced after the VW scandal.

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Link to transcript of Lisa Page’s testimonies is here.

Hunting for Golem (Jim Kunstler)

As another president once remarked in a different context — LBJ speaking to a hanger full of grunts in Vietnam — “go on out there, boys, and nail that coonskin to the wall!” That was around the time the war was looking like a lost cause, with 1000 soldiers a month coming home in a box and even the Rotarians of Keokuk, Iowa, starting to doubt the official story of what exactly we thought we were doing over there. It was also, arguably, around the time America stopped being, ahem, “great” and commenced the long, nauseating slide into idiocracy and collapse. The news media has taken LBJ’s place in today’s Wile E. Coyote phase of our history, cheerleading the congressional hunt for the glittering golden scalp of You-Know-Who in the White House.

[..] The CBS 60 Minutes Show took its turn last night with a puff piece on Elijah Cummings (D-Maryland), incoming chairman of the House oversight Committee, which, CBS interlocutor Steve Kroft delighted in pointing out, “can investigate any [old] thing.” And so, Rep. Cummings will be the ringmaster of this new “Greatest Show on Earth,” aimed at climaxing in an orgasmic impeachment operation. Mr. Kroft could hardly contain his glee onscreen. The facts say something a bit different about the actual reality-based Russia Collusion case, namely, that it’s been a two-year smokescreen to cover the collective ass of a rogue leadership in the Department of Justice and its step-child, the FBI, who deliberately and repeatedly broke the law in dishonestly pursuing a way to annul the 2016 election result.

It also reflects darkly on the Obama White House and its participation in all this huggermugger. Wads of information around this matter also came out in the past week — which you can be sure the news media would not touch — including congressional testimony from last July with former FBI lawyer, Lisa Page, revealing that the traffic controller for the so-called Steele Dossier was one John Carlin, Assistant Attorney General at the time, and formerly then-FBI Director Robert Mueller’s chief-of-staff. Ms. Page herself characterized Mr. Carlin as “a political appointee.” Was he Mr. Mueller’s clean-up man?

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Glenn Greenwald makes a valid point comparing the Trump probe with those of Henry Wallace and George McGovern by Hoover. What he misses out on, though, is how they differ: unlike in the cases of Wallace and McGovern, the FBI is now used not just to smear a politician, but to try and oust a president.

FBI Investigation Of Trump As National Security Threat Is A Serious Danger (GG)

It is not difficult to understand what is so ominous and even tyrannical about the FBI investigating domestic political figures whose loyalties they regard as “suspicious,” and whose political career they regard as a “national security threat,” simply because those politicians express policy positions about U.S. adversaries that the FBI dislikes or regards as insufficiently belligerent. It’s the FBI’s job to investigate possible crimes under the law or infiltration by foreign powers, not ideological sins. If a politician adopts policy views that are “threatening” to U.S. national security or which is unduly accommodating to America’s adversaries or “enemies,” that’s not a crime and the FBI thus has no business using its vast investigative powers against a politician who does that.

That’s why it’s so easy to see that Hoover’s investigative scrutiny of Henry Wallace, and George McGovern, and an endless array of domestic dissenters, was so anti-democratic and dangerous. If a politician adopts “threatening” policy views or is too subservient toward or accommodating of a foreign adversary, it’s the job of the American voting public or Congress in its political oversight and lawmaking role to take action, not the FBI’s job to criminalize policy differences through investigations. It should not be difficult for a rational brain free of partisan muck to see this same principle at play when it comes to the FBI’s investigation of Trump on the ground that he may be, in the eyes of FBI officials, a “national security threat.”

Even if you’re someone who hates Trump’s overtures toward Russia or even believes that they are the by-product of excessive subservience to the Kremlin, the dangers of having the FBI take on the role of investigating that rather than the political wings of the U.S. political system should be obvious – as obvious as they are in the case of Henry Wallace and George McGovern. [..] The person elected by the U.S. electorate to make foreign policy for the United States and to determine “America’s interests” was Donald Trump, not the FBI. It’s the role of elected officials in the White House and Congress, not the unelected police agents who report to them, to decide what is and is not in “America’s interests.” If Trump’s foreign policy is misguided or “threatening,” that’s a matter for the Congress and/or the American public, not the FBI.

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More so-called revelations. It’s never been a secret what Trump thinks of NATO in its present form: he thinks the US pays too much. But now the NYT presents this as some dark conspiracy story.

Like the Guardian, the New York Times has moved beyond caring about its credibility: both think there are enough people swallowing everything they get served up.

Trump Reportedly Said He Wanted To Pull The US From NATO (CNBC)

U.S. President Donald Trump privately said several times last year that he wanted to withdraw his country from the North Atlantic Treaty Organization, The New York Times reported on Monday. The newspaper’s findings, which cited unnamed senior administration officials, are likely to resurface worries of a breakdown in the military alliance that was created in 1949 by the United States, Canada and some European nations. Those concerns were first sparked last year when the U.S. leader hinted that he could leave the 29-member defense bloc without Congressional approval. At the time, Trump was pushing member countries to increase spending. Since then, however, the Republican has backtracked on that threat.

After a chaotic NATO meeting in July 2018, Trump claimed that allies had committed to his request and said that U.S. withdrawal from the organization would be “unnecessary.” Responding to the New York Times’ report, a White House official repeated some of Trump’s remarks from July when the president said Washington’s commitment to NATO is “very strong” and the alliance is “very important.” As the Times notes, a weakened NATO is thought to be a major geopolitical goal of Russian President Vladimir Putin. Trump’s dislike for participation in international organizations is well known to global leaders by now. Early in his White House tenure, the president withdrew the U.S. from the Paris climate accord and a massive Pacific trade pact.

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If the Guardian, or another British paper, runs an entirely false story like this about you or me, we would need to raise a similar amount just to defend ourselves from such smear.

WikiLeaks Starts Suing Guardian Over Assange-Manafort Fake News Story (RT)

WikiLeaks says it has collected enough funds to file a lawsuit against the Guardian for publishing an uncorroborated story about alleged meetings between former Trump campaign manager Paul Manafort and Julian Assange. The whistleblowing website has thanked all its supporters who contributed to its GoFundMe campaign, launched on November 27 following the publication of an article by the Guardian, which claimed that US President Donald Trump’s disgraced former campaign manager Paul Manafort had held secret talks with Julian Assange at least three times in the Ecuadorean embassy in London, where the Australian has been holed up since 2012.

The donations have recently hit the $50,000 threshold, enabling the whistleblowing site to formally launch proceedings against the renowned British newspaper, WikiLeaks said, calling on its supporters to keep the money flowing. “Legal action will now commence (but more is required to complete),” it tweeted on Monday. When it launched the campaign, WikiLeaks set up the ambitious target of $300,000. It has so far raised $51,749. WikiLeaks seeks to challenge the Guardian in court over its source-based ‘bombshell,’ co-authored by its former Moscow correspondent Luke Harding, alleging that Manafort had traveled to London three times over four years prior to the publication of the Democratic National Committee (DNC) email leaks.

The report relies on Ecuadorean intelligence sources and documents provided to the Guardian by the country’s intelligence agency. In its GoFundMe appeal, WikiLeaks suggested that the intelligence agency might have deliberately fed the British publication false information, which it was happy to take at a face value. WikiLeaks also noted that it was not the first time the Guardian put out a false story about Assange.

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Just the tip of the iceberg. Happy driving.

Antarctic Losing 500% More Ice A Year Than In 80s – NASA (Ind.)

The Antarctic ice sheet is losing six times as much ice each year as it was in the 1980s and the pace is accelerating, one of the most comprehensive studies of climate change effects on the continent has shown. More than half an inch has been added to global sea levels since 1979, but if current trends continue it will be responsible for metres more in future, the Nasa-funded study found. The international effort used aerial photos, satellite data and climate models dating back to the 1970s across18 Antarctic regions to get the most complete picture to date on the impacts of the changing climate. It found that between 1979 and 1990 Antarctica lost an average of 40 gigatonnes (40 billion tonnes) of its mass each year.

Between 2009 and 2017 it lost an average 252 gigatonnes a year. This has added 3.6mm per decade to sea levels, or around 14mm since 1979, the study shows. “That’s just the tip of the iceberg, so to speak,” Professor Eric Rignot from University of California, Irvine and lead author of the study published in Nature Geoscience. “As the Antarctic ice sheet continues to melt away, we expect multi-metre sea level rise from Antarctica in the coming centuries.”

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“..the wall “may very well lead to the extinction of the jaguar, ocelot … and other species”..”

Wildlife: The Real Crisis At The US-Mexico Border (PI)

While debate swirls around the border wall — whether it’s immoral, whether it even works — one huge impact, while understood, is just not being discussed: The wall is already an ecological catastrophe, devastating rare and endangered species, carving up critical habitats, exacerbating flooding, even worsening climate change. The Center for Biological Diversity estimates that the wall “may very well lead to the extinction of the jaguar, ocelot … and other species” in America. This is tragic, as the 2,000-mile border, stretching from the Pacific to the Gulf of Mexico along the Rio Grande, passes through three mountain chains, North America’s two largest deserts, and the Tijuana Estuary, a salt marsh that offers habitat for 400 species of birds.

An astonishing 25 million acres of protected public lands lies near the border on the American side, including wildlife refuges, national parks, and wilderness areas with large refuges on the Mexican side as well, all created by the long, hard work of many organizations and agencies aiming to protect land that is biologically unique and fragile. It’s a diverse area, too: A 2011 study documented 134 mammal, 178 reptile, and 57 amphibian species living in the wall region; 56 of these species that already been hurt by the wall, including five that are at risk for extinction, one the jaguarundi, a small cat.

The jaguar, that cat’s bigger cousin, is the poster child for the wall’s ecological impact. Once hunted to extinction in the U.S., jaguars in northern Mexico have been spotted moving back into Arizona. Protected both here and in Mexico, its U.S. recovery plan — written by the federal government (!) — calls for free movement of these 300-pound predators across the border. The few cats that have reclaimed their American habitat will not recover if they cannot return to Mexico to find mates.


Fernando Llano / AP

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And there’s no panic. There’s hardly any concern. The web of life is disappearing and we watch TV.

98% Of Ground Insects Vanish From Puerto Rican Rainforest In 35 Years (G.)

Scientist Brad Lister returned to Puerto Rican rainforest after 35 years to find 98% of ground insects had vanished “We knew that something was amiss in the first couple days,” said Brad Lister. “We were driving into the forest and at the same time both Andres and I said: ‘Where are all the birds?’ There was nothing.” His return to the Luquillo rainforest in Puerto Rico after 35 years was to reveal an appalling discovery. The insect population that once provided plentiful food for birds throughout the mountainous national park had collapsed. On the ground, 98% had gone. Up in the leafy canopy, 80% had vanished. The most likely culprit by far is global warming.

“It was just astonishing,” Lister said. “Before, both the sticky ground plates and canopy plates would be covered with insects. You’d be there for hours picking them off the plates at night. But now the plates would come down after 12 hours in the tropical forest with a couple of lonely insects trapped or none at all.” “It was a true collapse of the insect populations in that rainforest,” he said. “We began to realise this is terrible – a very, very disturbing result.” Earth’s bugs outweigh humans 17 times over and are such a fundamental foundation of the food chain that scientists say a crash in insect numbers risks “ecological Armageddon”. When Lister’s study was published in October, one expert called the findings “hyper-alarming”.

The Puerto Rico work is one of just a handful of studies assessing this vital issue, but those that do exist are deeply worrying. Flying insect numbers in Germany’s natural reserves have plunged 75% in just 25 years. The virtual disappearance of birds in an Australian eucalyptus forest was blamed on a lack of insects caused by drought and heat. Lister and his colleague Andrés García also found that insect numbers in a dry forest in Mexico had fallen 80% since the 1980s. “We are essentially destroying the very life support systems that allow us to sustain our existence on the planet, along with all the other life on the planet,” Lister said. “It is just horrifying to watch us decimate the natural world like this.”

Read more …

Nov 062016
 
 November 6, 2016  Posted by at 10:54 am Finance Tagged with: , , , , , , , , ,  


Ryan Redhawk Standing Rock 2016

David Stockman Warns Both Trump And Clinton Could Lead To 25% Sell-Off (CNBC)
Election Chaos Fears Have Preppers Stockpiling Survival Food (CNBC)
Exposing John Podesta (TeleSur)
The Secret World of the US Election: Julian Assange Talks to John Pilger (RT)
California Secession Group To Meet At State Capitol Day After Election (SFG)
Tech Is Disrupting All Before It – Even Democracy Is In Its Sights (Cadwalladr)
China Premier Li Says Economy To Maintain Steady Growth (R.)
Attempts To Cool Over-Heating Australia Property Market Are Failing (AFR)
May: Parliament Must Accept Brexit Vote Was Legitimate (R.)
Higher Prices And Rising Debt Threaten Millions In UK (G.)
Turkey Is Headed For A Bloodbath (Rubin)
Turkey Was Once A Free Society. Now It Is Rapidly Destroying Itself. (WaPo)
Germany Investigates 60 Possible Islamists In Armed Forces (R.)
German Ministry Wants Migrants Returned To Africa (R.)

 

 

“We are now in Watergate 2.0.” “Government is going to be totally paralyzed regardless of who wins..”

David Stockman Warns Both Trump And Clinton Could Lead To 25% Sell-Off (CNBC)

David Stockman, the man widely credited as the “Father of Reaganomics”, delivered an alarming message to investors. “The markets are hideously inflated,” warned Stockman on CNBC’s “Fast Money” this week. The former Director of the Office of Management and Budget under President Ronald Reagan urged investors to dump stocks and bonds ahead of the dangers that both Donald Trump and Hillary Clinton pose to markets if either is elected as President. “If you don’t sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins,” he said. “There could be a 25% draw down on markets.” Stockman posits that, under a Clinton administration, official investigations and new hacked email disclosures from Wikileaks will be non-stop.

Furthermore, he reasoned that the “house will become a killing field” for anything Clinton is trying to do. Ultimately, Stockman said the Democrat would enter the Oval Office bruised, bloody and all but lacking in legitimacy. “For six months, or even longer, there will acrimony, there will be brinkmanship, there will be paralysis. There will be a swarm of house committees doing investigations from all of these wiki leaks!” Stockman said of Clinton’s hypothetical early days in the White House. “Therefore, there will be no baton handed off from the Fed to fiscal policy as we slide into recession,” he added.

[..] Comparatively, Stockman likes that Trump appears ready to call out the Fed and breakup the “cozy” relationship that exists between Washington and Wall Street. However, that’s where his favorable opinion of the GOP nominee ends. “I like him because he’s against the establishment, but he has no economic program. Yes, he’s a disruptor, but has nothing to disrupt with,” Stockman said. “If elected, it will be partisan warfare and a total disaster,” Stockman explained to CNBC. “Under a Trump victory, all bets are off.”

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And guns, and gold, and fuel, etc.

Election Chaos Fears Have Preppers Stockpiling Survival Food (CNBC)

In case of an election night Doomsday, preppers are running up sales of emergency survival food. While sales for “long term food” typically see an increase around natural disasters and elections, “this is more intense than what we saw in 2012,” said Keith Bansemer, VP of marketing for My Patriot Supply, a manufacturer and seller of survival food. During the previous election his company saw sales double. This time it’s triple. “We have everyone we can on the phones,” he said. “We are overwhelmed.” Purchases at other long term food supply companies are up as well. Emergency preparedness online store TheEpicenter reports a 6% uptick in year over year sales. Another company, Legacy Foods, predicts they’ll see a 1-2 week spike in sales after the election — if Hillary Clinton wins, said owner Phil Cox.

The meals, sold by the plastic bucket or tote bin, are typically dehydrated or freeze-dried food in sealed military-grade Mylar packs. Menu items include pasta primavera, Hawaiian Style Sweet n’ Sour, cheesy broccoli and rice soup, orange energy drink mix and chocolate pudding. They’re sold in bundles based on how long they’ll feed you. For $2,000 spent at Legacy Foods, you could eat three square meals a day for an entire year. That’s 1,080 servings. TheEpicenter has a 14-day supply kit for $235 that’s recently been “selling really well,” said owner Bryan Nelson. The most popular entry-level seller at My Patriot Supply is a 3-month supply for $497. It comes a in nondescript gray slim line totes bin designed to be easy to stack in the back of a closet or slip under your bed.

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Lobbyists inside the government. Good exposé.

Exposing John Podesta (TeleSur)

With the Wikileaks release of thousands of emails belonging to John Podesta, very little is known in US society about Podesta himself. While he’s maintained a low profile, John Podesta is actually considered one of Washington’s biggest players, and one of the most powerful corporate lobbyists in the world. In this episode of The Empire Files, Abby Martin explores John Podesta’s political rise, his vast network of corporate connections and his think tank “Center for American Progress.” Learn why the Podestas and the Clintons are a match made in ruling class heaven.

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“I actually feel quite sorry for Hillary Clinton as a person. Because I see someone who’s eaten alive be their ambition. Tormented literally to the point where they become sick..”

The Secret World of the US Election: Julian Assange Talks to John Pilger (RT)

Whistleblower Julian Assange has given one of his most incendiary interviews ever in a John Pilger Special, courtesy of Dartmouth Films, in which he summarizes what can be gleaned from the tens of thousands of Clinton emails released by WikiLeaks this year.

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“..our continued statehood means California will continue subsidizing the other states to our own detriment, and to the detriment of our children.”

California Secession Group To Meet At State Capitol Day After Election (SFG)

An organization hoping to facilitate the secession of California from the Union is holding a meet and greet on the Capitol steps in Sacramento next Wednesday, the day after the presidential election. The Yes California Independence Campaign, which is based in San Diego, is aiming to qualify a citizen’s initiative in 2018 to get a referendum for secession on the ballot in 2019. They’ll be in Sacramento to garner support for their initiative. “In our view,” a statement on its website reads, “the United States of America represents so many things that conflict with Californian values, and our continued statehood means California will continue subsidizing the other states to our own detriment, and to the detriment of our children.” And it appears the organization has been considering its strategy for quite a while now. On its site, you’ll find a link to a 33-page “Blue Book” wherein the organization answers any hypothetical questions about the state becoming its own country.

The details for the secession — dubbed the #CalExit — include such topics such as “Will we join the United Nations?” and “Will we have our own Olympic team?”. While the notion of an independent California does seem well-intended — points about immigration, environmental concerns, and education are thoughtful — the practicality of such a proposal is tenuous at best. Will this secession campaign be viable? In a word: No. As we know from the Civil War, just because a state wants to secede doesn’t mean the Union will let it. As Washington Post writer Philip Bump wrote earlier this year, Congress simply would not, for many reasons, allow it. “There’s no mechanism for Congress to simply say, ‘Sure, off you go.’ Once you’re in, you’re in,” he wrote. “The United States was born an expansionist enterprise, and the idea of contraction, it seems, never really came up.”

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A failed attempt at a promising topic.

Tech Is Disrupting All Before It – Even Democracy Is In Its Sights (Cadwalladr)

[..] ..what the last week of this presidential campaign has shown us is that technology has disrupted, is disrupting, is threatening to upturn the democratic process itself – the best, most stable, most equitable form of governance the world has yet come up with. In many crucial ways, it doesn’t even matter who wins on Tuesday because perhaps the best thing you can say about Trump is that if it hadn’t been him it would have been someone else. It’s the opposite of the Great Man theory of history: a misogynistic ex-reality TV star is not the game-changer here, it’s technology. Two days ago, the same hackers who took down Twitter and Netflix and the Guardian and Reddit and CNN last week in the biggest attack of its kind that the world has ever seen, started practising on a country.

Computer malware had been used to infect inanimate objects in our homes – the connected devices that comprise the so-called internet of things and that, it’s been discovered, a bit late, are hopelessly insecure. It has harnessed these to create a gigantic internet-destroying machine, the so-called Mirai botnet, and it’s honing its power. Last week it took aim at an entire country – Liberia. A huge attack was launched against the two companies that own the only fibre going into the west African country — bringing its entire internet infrastructure to a halt. The worst case scenario? That the hackers behind it are “practising” for Tuesday, when they’ll aim their massed computing power against America. This is everyday objects in our own homes, “smart” objects, intenet-enabled toasters and refrigerators.

Because this is where we are: our toasters and refrigerators may be about to be used to subvert the democratic process of the greatest democracy on Earth. And if that reads like the most lunatic sentence you’ve ever read, you maybe haven’t been paying close enough attention to 2016. Because this is possibly, finally, the year when it hits home that technology is not just some cool titanium-coloured gadget in our pockets. It’s the facilitator of the degraded news space that treats facts and lies the same. That has enabled thousands of Twitterbots – algorithms – to scrape the internet for stories about Trump and then retweet them. It was robot accounts that caused “#TrumpWon” to trend after each TV debate and allowed Trump to claim “victory”.

It’s how a man who hasn’t set foot on the street for four years, can, with just his laptop, create havoc in the critical last week of the campaign. By leaking emails that potentially implicate Hillary Clinton, Julian Assange has inserted himself – like computer malware — into the heart of the American democratic process. He’s infected it. He is, like Donald Trump, the law of unintended consequences writ large, in human form. In 2010, we didn’t mind the fact that the data he leaked was stolen. Here in the liberal press, we championed it. Because it was stolen data that served to underscore our liberal sensibilities. Or, at least mine. And now? Not so much.

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Not a cloud in the sky…

China Premier Li Says Economy To Maintain Steady Growth (R.)

China will maintain steady growth and speed up economic transformation, Chinese Premier Li Keqiang said on Saturday, adding that the world’s No. 2 economy would be able to overcome current challenges, official news agency Xinhua reported. China is trying to rebalance its economy to adapt to slower growth both at home and abroad but policymakers are struggling to contain a range of domestic issues such as surging home prices and rising debt levels. Li said China’s moves to ensure “supply-side structural reform” while appropriately expanding aggregate demand have boosted the domestic economy, and economic restructuring and liberalization have also generated new areas of growth.

Data released last month showed China posted economic growth of 6.7% in the third quarter, steady from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. China has full confidence in sustaining a “medium-high” growth rate, added Li, speaking on an official visit to Riga. He said that China has consistently followed proactive fiscal policy and prudent monetary policy, and adopted new ways of macroeconomic regulation, reported Xinhua, while using “market-oriented and rules-based methods” to defuse risk.

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“..the number of interest-only loans is rising despite banks increasing interest rates..”

Attempts To Cool Over-Heating Australia Property Market Are Failing (AFR)

Attempts to cool the property market are failing as the number of interest-only loans surges back towards last year’s highs, an analysis of new lending figures reveals. The Reserve Bank of Australia said in its quarterly statement of monetary policy on Friday that despite recent strengthening in Sydney and Melbourne, “overall conditions in the established housing market have eased relative to mid last year”. The RBA said house price inflation remained below the peaks in 2015 and there had been a drop in the share of interest-only loans which raise concerns for regulators because of the risk that borrowers will not be able to repay once the interest-only period ends. Latest analysis, however, shows the number of interest-only loans is rising despite banks increasing interest rates on some products and toughening lending terms and conditions.

Loan volumes, which dropped from 40% to 30% of total lending in the nine months to March, have since risen back to 35% following recent rate cuts and better returns from property than other asset classes, such as shares and savings accounts. Martin North, principal of Digital Finance Analytics (DFA), a consultant to commercial and investment banks, said interest-only loans did fall last year but have since started to raise again. “Loan to value ratios are indeed down but that does not change the interest-only question, how many have a repayment plan and will need one the next loan review,” he said. “The RBA is sanguine on the housing market but ignores the highest ever household debt.”

Meanwhile there are fears thousands of property investors using the interest-only loans could be caught by rules that might force them to make bigger repayments five years into the term of the loan. “There is a trap being set for the unwary investors,” warns Mr North. Some lenders, such as Bankwest, a subsidiary of the Commonwealth Bank of Australia, are telling their mortgage broker network to impose tough new conditions where a borrower wants to switch from a principal-and-interest to interest-only loan, or extend the interest-only period. Confidential documents show borrowers will be required to provide reasons for the change and “must” be informed of their potential repayment at the end of the interest-only period.

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I see a legal quagmire in your future.

May: Parliament Must Accept Brexit Vote Was Legitimate (R.)

Parliament must accept that Britain’s vote to leave the EU was legitimate and let the government get on with delivering Brexit, Prime Minister Theresa May said on Sunday. May has said she is confident of overturning a British court ruling that the government needs parliamentary approval to start the process of leaving the EU. The government, which has given little away about its plans for Britain’s future relationship with the EU, has said that having to set out a detailed negotiating strategy to parliament would put it at a disadvantage in talks with the bloc. “While others seek to tie our negotiating hands, the government will get on with the job of delivering the decision of the British people,” May said in a statement ahead of her first trade trip to India on Sunday.

“It was MPs (members of parliament) who overwhelmingly decided to put the decision in their hands. The result was clear. It was legitimate. MPs and peers who regret the referendum result need to accept what the people decided.” May will use her first bilateral trade trip since taking office to try to boost ties with India before Britain leaves the EU and to pave the way for a free trade deal as soon as possible once Brexit is completed. Parliament could in theory block Brexit as most members supported staying in the EU in June’s referendum, although it is unlikely to do so. The ruling could allow lawmakers to temper the government’s approach, however, making a “hard Brexit” – where tight controls on immigration are prioritized over remaining in the European single market – less likely.

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Of course the headline said ‘higher inflation’, but it’s not. It’s currency devaluation.

Higher Prices And Rising Debt Threaten Millions In UK (G.)

UK households should brace themselves for a combination of rising inflation, low pay and increased debt that will squeeze living standards next year and push more people into financial difficulty, experts have warned. Higher inflation, weak wage growth and rising levels of consumer debt are expected to weigh on households next year as the economy adjusts to the post-referendum environment. Joanna Elson, chief executive of the Money Advice Trust, the charity that runs National Debtline, said: “The spectre of significantly higher inflation is a real concern. Many households have still not recovered from the last big squeeze on incomes in the aftermath of the financial crisis. The risk is that this new pressure on household budgets could tip many more people into financial difficulty.

“As a society we need to prepare for what could be a significant increase in problem debt in the years ahead.” Economists at the National Institute of Economic and Social Research are predicting inflation will rise from a current rate of 1% to almost 4% in 2017, as the sharp fall in the value of the pound since the Brexit vote makes imports more expensive. Wage growth on the other hand is expected to be weaker, as firms seek to control costs amid slowing economic growth and heightened uncertainty. There are also signs that household debt is returning to highs not seen since the financial crisis. The British Bankers’ Association has said that consumer credit is growing at the fastest rate in almost a decade, as record low interest rates fuel demand for personal loans and credit cards.

Gillian Guy, chief executive of Citizens Advice, said the rise in borrowing could lead to difficulties. “More people are turning to credit … While this borrowing might be manageable now, a sudden change in circumstances could lead to debt problems.”

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Sure looks that way.

Turkey Is Headed For A Bloodbath (Rubin)

Turkish President Recep Tayyip Erdogan called the failed July 15 coup attempt a “gift from God.” The Turkish government immediately blamed Erdogan’s former ally-turned-rival Fethullah Gülen for being behind the plot, the genesis of which remains unclear. But the simple fact is that none of the material Turkish officials have given to their U.S. counterparts has yet risen to the standard of proof—let alone credible evidence—to support Erdogan’s charges. It is noteworthy that the Turkish press purports to describe the U.S. reaction as accepting of the Turkish material, yet no American officials have ever been quoted as saying anything near what the Turkish press describes. Indeed, alternate narratives about the July 15 coup attempt are equally compelling.

The only certainty is that the attempted coup became the excuse Erdogan needed or crafted in order to purge those opposed to or insufficiently enthusiastic about his agenda. Much of what has been reported in the Western media has focused on the ongoing purge of teachers and university professors. Certainly, there is a newsworthy irony to a man whose university diploma appears to be forged assuming the right to appoint university presidents through a board he has staffed with his cronies. But it is what Erdogan has done in recent days to the police that should put chills down the spines of those who care about his intent and Turkey’s future. Last week, Erdogan appointed new police chiefs for 61 out of Turkey’s 81 provinces. He also assigned 55 police chiefs to central departments that act as police professional bodies.

Some of the police chiefs Erdogan fired were religious, and some even supported him. None were followers of Gülen, simply because those who were had long ago been purged. Most of the chiefs whom Erdogan has appointed are fiercely nationalist, very young and relatively inexperienced, and so are likely to more easily defer to Erdogan’s orders. The problem seems to be not that Erdogan believed all the sacked chiefs disloyal—most were not, and he had appointed many in the first place. Rather, he considered them soft and unwilling to use the extreme violence he believes will be necessary to exert not only against Turkey’s Kurds but also against many liberal or apolitical Turks as he moves to further consolidate control.

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“..succumbing to a retro personality cult…”

Turkey Was Once A Free Society. Now It Is Rapidly Destroying Itself. (WaPo)

The speed of Turkey’s decline is mind-boggling, even when you live through its the day-to-day machinations. This week started with the Turkish government announcing plans to reintroduce the death penalty at the urging of the country’s strongman, President Recep Tayyip Erdogan, in order to garner the support of ultra-nationalists in his bid to expand the powers of his presidency. Later in the week came the arrests of the editor-in-chief and columnists of Cumhuriyet, Turkey’s oldest paper and a symbol of its fast-eroding secularism, on trumped-up charges of terrorism. And finally, Thursday night brought the detentions of Selahattin Demirtas, the charismatic leader of the country’s pro-Kurdish party, and Figen Yuksekdag, the co-leader of the party. Ten other elected Kurdish deputies were also arrested.

As I write these lines, citizens cannot communicate to organize demonstrations — Twitter is down in Turkey, Facebook is unreachable, and social media applications such as WhatsApp remain blocked. The social media crackdown is an entirely unnecessary measure; who would go out and risk arrest when there is an emergency rule and a formal ban on protests? Protests happen in free and semi-free societies — or when people have the feeling that they have a chance to make an impact. There was a time when mass urban protests shook the country and pushed the government to announce a series of reforms. Today’s Turkey is a shell of itself. No such optimism remains.

The story of Turkey is fast becoming a heartbreaking saga of a budding Muslim democracy tossing out a historic chance at progress, only to settle for a familiar pattern of Middle East despotism by succumbing to a retro personality cult. A decade ago, Turkey’s ruling Justice and Development Party (AKP) was applauded by the world for the pace of its reforms and advances toward EU membership. I myself was writing in praise of the ruling party AKP’s brand of “Muslim democrats,” which at the time seemed like a hopeful alternative to both the hard-line secularism of Kemalism and Islamic radicalism. A decade later, Turkey is barely able to hold civilized relations with its western allies, experiencing a rapid decline as rule of law, and has become a thorn in Europe’s side.

In this gradual decline, Demirtas was a breath of fresh air and one of the best things that happened in Turkish politics over the past few years. The 43-year-old former human rights lawyer commands only a small coalition of Kurds, leftists and minorities— with barely enough votes to pass the 10% national threshold. But Demirtas was effective with his powerful rhetoric on pluralism and democracy and able to project a power beyond his party’s base. This was a tale of David and Goliath. With his famous “We will not let you become an executive president” speech in March last year, and HDP’s electoral victory in June 2015 elections, Demirtas denied Erdogan the type of constitutional change and sweeping authority he wanted. With Demirtas’s detention, there are no more hurdles to Erdogan’s rise to absolute power.

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While it’s great that German military counter-espionage service is called MAD, this is false flag nonsense. No government agency would ever confirm anything on any such investigations, unless there are political reasons to do so. Merkel should not allow it. But she does.

Germany Investigates 60 Possible Islamists In Armed Forces (R.)

Germany plans security investigations of all military recruits from July 2017 after its military counter-espionage service (MAD) identified 20 Islamists in the country’s armed forces, German media group Funke reported on Saturday. A spokesman for the agency confirmed the figure, adding that 60 additional potential cases were under investigation. Draft legislation to be considered by the German parliament in the coming weeks would mandate investigations of all recruits to counter efforts by Islamic State to infiltrate the military and get weapons training, Funke Mediengruppe reported. A German Defence Ministry spokesman said existing law required investigations of soldiers after they were recruited. Before that, recruits had to provide police records and agree to unlimited access to their records in the federal register.

Recruiting offices had received an undisclosed number of queries from people who wanted to join the military for only a few months and expressed a keen interest in intensive weapons and equipment training, the MAD spokesman said. In a statement provided to the Funke media group, the agency said it was concerned about a July 2014 internet posting by Islamic State in which the group urged those with military training to join its ranks, and other calls for supporters to learn to shoot and to become familiar with weapons. German security services are on high alert after two Islamist militant attacks this summer. Almost 900,000 migrants arrived in Germany last year and while many Germans initially welcomed them, security concerns have since increased.

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And this is tied into the article above. Stoke the fear.

German Ministry Wants Migrants Returned To Africa (R.)

The German Interior Ministry wants to stop migrants ever reaching Europe’s Mediterranean coast by picking them up at sea and returning them to Africa, the Welt am Sonntag newspaper reported on Sunday. In what would be a huge shift for a country with one of the most generous asylum policies, the ministry says the EU should adopt an Australian-style system under which migrants intercepted at sea are sent for processing at camps in third countries. “The elimination of the prospect of reaching the European coast could convince migrants to avoid embarking on the life-threatening and costly journey in the first place,” the paper quoted a ministry spokeswoman as saying. “The goal must be to remove the basis for people-smuggling organizations and to save migrants from the life-threatening journey.”

The ministry’s proposal calls for migrants picked up in the Mediterranean – most of whom set off from conflict-torn Libya – to be sent to Tunisia, Egypt or other north African states to apply for asylum from there. If their asylum applications are accepted, the migrants could then be transported safely to Europe. The ministry is headed by Thomas de Maiziere, a member of Chancellor Angela Merkel’s conservative Christian Democrats. Merkel has been under fire for her open-door refugee policy, with her party losing votes to the anti-immigration Alternative for Germany (AfD) party in recent regional elections. The ministry said there were no concrete plans or discussions at EU-level about the proposal, but opposition politicians condemned the plan. Bernd Riexinger, head of the opposition Left party, said it would be “a humanitarian scandal and a further step toward elimination of the right to asylum.”

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