Mar 142024
 


Jacobello Alberegno The Beast of the Apocalypse 1360-90

 

‘Your Vampire Ball Is Over’ – Putin To Western Elites (RT)
What Message is Putin Sending the West in His Interview? (Sp.)
Putin: Warmongers Will ‘Get More Than They Asked For’ – Scott Ritter (Sp.)
Oil Industry Will Be Swamped With Work ‘For Another 100 Years’ – Putin (RT)
Ukraine’s Military Planning Takeover of Parliament in Kiev by Force (Sp.)
Kiev’s Allies Start Dividing Ukraine – Zakharova (TASS)
Macron Leads The Way To Western Civilization’s Suicide (RT)
US Uses NATO In Ukrainian Conflict To Tighten Grip On European Countries (TASS)
German Army Short of ‘Everything,’ Partly Due to Supplies to Kiev
Netanyahu Government’s Future ‘In Jeopardy’ – US Intel (RT)
Menendez Case Shatters Hunter Biden Claim of Selective Prosecution (Turley)
‘A Vote For Trump Is A Vote For Putin’ – Hillary Clinton (RT)
Georgia Judge Dismisses Several Counts In Trump Election Interference Case (ZH)
2/3 of Liberals Would Dispute Election If Trump Wins (MN)
Lara Trump: Preventing Cheating In November Is Top RNC Priority (ZH)

 

 

 

 

Tucker Schwab

 

 

Doocy

 

 

A-game

 

 

Hur

 

 

 

 

Rand Paul

Loomer

 

 

I have nothing with the UK “royals”, but this is wild.

 

 

 

 

”Those who are smarter” have now come to the conclusion that it is necessary to change their strategy in relation to Russia..”

‘Your Vampire Ball Is Over’ – Putin To Western Elites (RT)

The era of Western elites being able to exploit other nations and other peoples across the world is coming to an end, Russian President Vladimir Putin said in an exclusive interview published by Rossiya 1 and RIA Novosti on Wednesday. The president stated that over the past few centuries, the so-called “golden billion” has grown accustomed to being able to “fill their bellies with human flesh and their pockets with money” as they have been “parasitizing” other peoples in Africa, Asia, and Latin America. ”But they must understand that the vampire ball is ending,” Putin said. He added that the citizens of the aforementioned regions, which have been continuously exploited by the West over the past 500 years, have started to associate Russia’s struggle for sovereignty with “their own aspirations for sovereignty and independent development.”

At the same time, Putin noted that Western elites have a very strong desire to “freeze the current situation” and preserve the “unjust state of affairs in international affairs.” Previously, in his keynote address to Russia’s Federal Assembly last month, Putin stated that the West, with its “colonial habits” of “igniting national conflicts all over the world,” intends to do everything it can to stall Russia’s development and turn it, as it did Ukraine, into a dying failed state. ”In place of Russia, they want a dependent, withering, dying space, where they can do whatever they want,” he said. The president followed up on those comments in Wednesday’s interview, stating that many Western elites, who have been “blinded by their Russophobia” were “thrilled” when they were able to push Russia to the point where it had to launch its military offensive in Ukraine in order to end the war unleashed by the West in 2014.

”They were even happy, I think, because they believed that now they would finish us off using a barrage of sanctions, having practically declared a sanctions war against us, and with the help of Western weapons in the hands of Ukrainian nationalists,” said Putin, suggesting that this mindset was behind Western calls to “inflict a strategic defeat on Russia on the battlefield.” Now, the West appears to have realized that defeating Russia in this way is not only unlikely, but impossible due to the unity of its people, the fundamental foundations and stability of its economy and the growing potential of its military, the president said. ”Those who are smarter” have now come to the conclusion that it is necessary to change their strategy in relation to Russia, Putin surmised.

https://twitter.com/i/status/1767922770661224783

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“Guarantees can only be given by responsible political figures representing stable governments of Western countries, and must be offered in the nature of absolutely binding signed documents..”

Putin won’t be fooled again.

What Message is Putin Sending the West in His Interview? (Sp.)

Russian President Vladimir Putin touched on a number of recent developments and hot topics that emerged after the message to the Federal Assembly in an exclusive interview with Dmitry Kiselev, director general of Rossiya Segodnya, Sputnik’s parent media group. President Vladimir Putin has stated very clearly that Russia is not against peace negotiations, but that they cannot be conducted on the basis of proposals put forward by the Kiev regime, Russian political scientist Dmitry Evstafiev told Sputnik. The so-called “Zelensky formula” “will not be discussed in any way,” Evstafiev underscored. Commenting on Vladimir Putin’s interview with Dmitry Kiselev, director general of Rossiya Segodnya, Sputnik’s parent media group, he continued: “Some of our partners have hinted to us about the need to start negotiations… But, first and foremost, [Ukrainian President Volodymyr] Zelensky’s formula cannot be a starting position. Secondly, any negotiations should lead to the establishment of a lasting peace, and cannot be an instrument of a temporary truce at the front in order to further pump the Kiev regime with weapons.”

According to the analyst, an integral element of any negotiations needs to be “the West’s refusal to supply weapons to Ukraine.” Thirdly, these negotiations need to be conducted in a “public format and must be anchored in public agreements at the political level.” Putin laid out very clearly that Russia needs guarantees, the analyst said. “Guarantees can only be given by responsible political figures representing stable governments of Western countries, and must be offered in the nature of absolutely binding signed documents,” Dmitry Evstafiev said. He singled out the Russian head of state’s remark that there will be no secret temporary agreements with anyone. Russia was, is, and will always be open to negotiations on a settlement in Ukraine, but intends to continue the special military operation until its goals are achieved, Kremlin spokesman Dmitry Peskov stated earlier in the year. Russian and Ukrainian delegations have engaged in several rounds of peace talks, but the negotiations ultimately reached an impasse.

In October 2022, Ukrainian President Volodymyr Zelensky signed a decree stating that Kiev could not hold peace talks as long as Vladimir Putin is president of Russia. In November 2022, Zelensky unveiled a 10-point initiative dubbed a “peace formula.” It included an all-for-all prisoner swap with Russia, security guarantees for Ukraine, and a return to the pre-2014 borders. Moscow has continuously said it is open to peace negotiations as long as Kiev recognizes the territorial gains Russian forces have made since the launch of the special military operation. President Vladimir Putin has issued a warning to the North Atlantic Treaty Organization that Russia is prepared to defend itself with all possible means, military analyst Anatoliy Matviychuk told Sputnik. Weighing in on Putin’s interview on March 13, the analyst said: “I believe that Putin is warning the US that you [NATO] expanded and expanded, but as long as you did not affect our living space, we were silent.”

No matter what “plausible intentions,” such as “defense of democracy, or defense against Martians,” might be drummed up to justify any foreign army’s boots on the ground on Russian territory, it would be an intervention, the retired colonel of the Russian Armed Forces underscored. “Intervention is an invasion into the expanses of the economy, into the expanses of finance, into the expanses of military security and, strictly speaking, into vital areas where Russia carries out its life activities. We will defend it with all possible forces and means that we have. And we know that the president has always warned: in the event of a sharp deterioration or even a threat to sovereignty, we will not hesitate to use nuclear weapons. I believe that is his message in this interview,” Anatoliy Matviychuk said.

Russian President Vladimir Putin said in his interview that there has not yet been any need to use tactical nuclear weapons as part of Russia’s special military operation in Ukraine, but when asked whether such an idea ever occurred to him, he replied, “No, but why?” Russia is prepared to use nuclear weapons if the existence of the Russian state is threatened, the Russian leader said, adding that Russia’s nuclear triad is more advanced than that of any other country. “From the military and technical point of view, we are, of course, ready,” Vladimir Putin said.

https://twitter.com/i/status/1767879777468182873

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“..any future relationship between Moscow and Washington will have to be “negotiated carefully,” and any guarantees and assurances set down “in writing.”

Putin: Warmongers Will ‘Get More Than They Asked For’ – Scott Ritter (Sp.)

The key takeaway from President Putin’s conversation with Rossiya Segodnya head Dmitry Kiselev is that those “looking for a contrite Russia, a weak Russia, a compliant Russia” won’t find it in “the Russia that Vladimir Putin was presenting to the world in his interview,” says former US Marine Corps intelligence officer and independent military and international affairs observer Scott Ritter. “Instead, what he’s saying is that Russia’s not looking for a fight, but if somebody wants to bring the fight to Russia, they’ll get more than what they asked for. And if the world is looking for peace with Russia, it’ll be done on terms that are acceptable to Russia,” Ritter told Sputnik. “Russia hasn’t shut the door on peace, but the terminology used by the Russian president when discussing the potential of a peace negotiation with Ukraine didn’t bode well,” the observer suggested, pointing to the derision Putin cast in Ukrainian President Volodymyr Zelensky’s direction when discussing Kiev’s maximalist ‘peace plan’.

“This shows that Russia doesn’t have respect for the Ukrainian leadership and indeed doesn’t view the ‘Ukrainian peace plan’ – Volodymyr Zelensky’s 10-point peace plan – as a serious effort for peace. This also points to the fact that Russia will probably continue the scope and scale of its military operations without let up until it accomplishes the missions that it has assigned itself, primarily demilitarization and denazification,” Ritter said. Furthermore, Ritter said, Putin has made clear that Russia expects US experts to “provide sage advice” to leaders in Washington to prevent the Russia-NATO crisis from breaking out into a full-blown nuclear war, while also making it obvious that he “doesn’t trust the United States,” making “that straight-up clear in this interview.” Accordingly, any future relationship between Moscow and Washington will have to be “negotiated carefully,” and any guarantees and assurances set down “in writing.”

Regarding the recent series of not-so-subtle hints by NATO officials that they would not “rule out” a direct, boots on the ground intervention in Ukraine, Putin confirmed that “any effort to intervene meaningfully, meaning large forces, etc., would be seen as a direct intervention that could lead to a direct conflict between Russia and NATO,” heightening the risks of a nuclear conflagration, Ritter said.Finally, regarding Putin’s comments about nuclear weapons, Ritter stressed that they must be taken at face value, since Russia’s nuclear doctrine provides for the use of such arms in the event of a nuclear attack, but also conventional aggression so severe that it “threatens the existential survival of Russia.”

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”..for a very, very long time humanity will be dealing with the issues of hydrocarbons..”

Oil Industry Will Be Swamped With Work ‘For Another 100 Years’ – Putin (RT)

The world will continue using oil and gas for a long time despite the focus on renewable energy, Russian President Vladimir Putin has said, adding that jobs in this sector have a secure future. He was speaking at a meeting with the winners of the Leaders of Russia award on Tuesday, when he insisted that hydrocarbons production would remain relevant for years to come, even with increased talk about transitioning to renewable energy. “No matter how they talk about renewable energy sources, for a very, very long time humanity will be dealing with the issues of hydrocarbons, their production and use,” Putin said. “There will be enough work for 100 years,” he added.

In its latest report published on Tuesday, OPEC said global oil demand is expected to grow by 2.25 million barrels per day (bpd) this year and by 1.85 million bpd in 2025. According to the report, robust growth in global oil consumption will be largely driven by transportation fuels. The Russian Finance Ministry forecast last year that the country’s revenues from oil and gas exports would surge by almost a third in 2024, reaching more than $118 billion. A further increase in energy revenues to over $121 billion is expected for 2025. Russia sharply increased its energy exports to Asia last year after the EU stopped accepting the country’s oil transported by sea. China and India have emerged as major buyers of Russian crude since Moscow redirected its cargoes from Europe eastwards in response to Ukraine-related sanctions imposed by the West.

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“When the staff is recruited, fighters are trained, the mass will be ready..”

Hard to gauge the accuracy of this.

Ukraine’s Military Planning Takeover of Parliament in Kiev by Force (Sp.)

The Ukrainian military, dissatisfied with the policy of the country’s leadership, is planning the takeover of the Verkhovna Rada, the Ukrainian parliament, in Kiev and attracting other Ukrainian armed forces’ military personnel to their side, a correspondence on a closed resource obtained by Russian specialists has shown. Sputnik obtained the correspondence of the chat participants, which showed that the participants discussed a swift takeover of the Verkhovna Rada and attracting the military to their side. “The most important action that we will need to pull off lightning fast is the takeover of the VR [Verkhovna Rada] at a certain point,” one of the chat participants wrote.

Earlier this week, a source in the Russian law enforcement agencies told Sputnik that Russian specialists had gained access to a classified Telegram channel titled “ParaBelum,” where commanders and fighters of elite units of the Ukrainian armed forces are “seriously discussing options for overthrowing the current authorities and the command of the Ukrainian armed forces.” “When the staff is recruited, fighters are trained, the mass will be ready,” another chat participant said. “There must be support from the military. Without it, nothing will work. The main driving force. [They] will say from the trenches that [they are] with us, and people will follow,” one more chat participant said. “Especially when the people see that the military is at the helm and the rest of the military is following them – they automatically take the right side,” another chat participant added.

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“..they are starting to divide between themselves what’s left of Ukraine..”

Kiev’s Allies Start Dividing Ukraine – Zakharova (TASS)

French President Emmanuel Macron’s remark about the potential deployment of troops to Ukraine makes it clear that Western countries have started dividing Ukraine, Russian Foreign Ministry Spokeswoman Maria Zakharova said at a briefing. She pointed out that Macron “continues making statements about possibly sending troops to Ukraine.” “He did not rule out that French troops might be deployed to Ukraine if the Russian army <...> broke through to Kiev or Odessa,” Zakharova noted. “Clearly, Ukraine’s allies have started dividing the country. All the statements that Macron and other political figures from NATO member states are making about the possible deployment of troops or some paramilitary forces to Ukraine have to do with the division of Ukraine as they see it,” she added.

The diplomat also said that “this is why they are unwilling to grant full NATO membership to Ukraine.” “It’s about constant flirting with the issue and empty promises that are never kept because making Ukraine part of NATO means that all of the bloc’s members are ready to recognize its borders but not all NATO members are ready to do that. They are ready to occupy Ukraine and divide it; this is what political leaders in those countries are openly talking about. Actually, they are beginning to mentally prepare both their own people and Ukrainian citizens for such actions,” Zakharova added. According to her, “this is being done under a false flag, which is typical for NATO members.” “This is another staged show of an alleged confrontation with Russia but in fact, they are starting to divide between themselves what’s left of Ukraine,” the diplomat stressed.

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“While Russian President Vladimir Putin is encouraging his population to have more children, Macron’s France is celebrating the ‘enshrinement’ of abortion in the constitution..”

Macron Leads The Way To Western Civilization’s Suicide (RT)

While Russian President Vladimir Putin is encouraging his population to have more children, Macron’s France is celebrating the ‘enshrinement’ of abortion in the constitution. What does this say about France and the West in general? In 2022, there were 234,300 abortions in France. The procedure is legal upon request until 14 weeks after conception. These figures are interesting when one considers that French politicians (and elderly voters, who are the majority of the electorate) insist on maintaining the extremely costly pension system and say that it has a price. Someone needs to pay. That is, the active population needs to pay. You would think that to sustain the requisite size of the active population, it would be more logical to encourage having more new births than to ‘enshrine’ having fewer. But that’s not an issue if you import the population.

In 2022, France welcomed 320,330 new people to the country – not counting illegal immigrants. Immigration in the country has nothing to do anymore with the fact that France has been a colonial power and that it is dealing with the consequences of its former policies. More and more people are coming from countries or regions such as Pakistan, Eritrea, Chechnya… where France never meddled in local affairs whatsoever. Something important that goodhearted Frenchmen seem to forget and French politicians feign to ignore, is that these populations, especially those from Africa, come with traditions which do not quickly disappear with time. Having multiple children is one of them, as these populations have for centuries been accustomed to having ten children or more because most of them would die young. French women usually have one or two. And the women who go for abortions are in the vast majority local French women. It should be noted that the situation is the same in most of the European Union.

Besides political decisions, the euphoria that took hold after this reform of the constitution is also worrying from a psycho-social point of view. Abortion has been legal in France for decades. There is indeed nothing new in this symbolic gesture of President Emmanuel Macron’s government. The fact that many women celebrated this strictly formal political decision as a ‘victory’ is a sign that many, unconsciously, want to die, to disappear as a population, as a civilization. This neo-feminism has gone too far. It leads to pure infantilization. A child thinks that he is the center of the world; neo-feminists think that their uterus is the center of the world. A child doesn’t care about the consequences of his deeds; neo-feminists do not want to think about consequences. The real message of this ‘victory’ is the following – you can screw around with as many people as you want, there will be no consequences. Even when the existence of your people is at stake. No consequences.

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“..The US keeps pouring oil on the fire, which yields huge benefits..”

US Uses NATO In Ukrainian Conflict To Tighten Grip On European Countries (TASS)

The United States is using the conflict between Russia and Ukraine to gain control over European countries with the help of NATO, the executive director of the Center for Russia and Central Asia Studies at the Shanghai Academy of Social Sciences, Sun Qi, has told TASS while commenting on CIA chief William Burns’ statement that Washington was providing support for Kiev to contain China. “The true purpose of Burns’ speech in the Senate is not to actually care about Ukraine, but to use the Ukrainian crisis to attain selfish geostrategic aims. These aims include using NATO to tighten the grip on the European countries. On the other hand, the Ukrainian crisis is being used for deriving profit. The US keeps pouring oil on the fire, which yields huge benefits,” Sun said, adding that Washington’s support for Kiev allowed the US to increase investment in its businesses and create jobs.

Sun noted that the United States unlike China was not interested in ending the conflict in Ukraine. As an example, he cited the European tour of the Chinese government’s special representative for Eurasian affairs, Li Hui. The expert also drew attention to the fact that the conflict in Ukraine was often compared in the West to the Taiwan issue. “The Taiwan issue is an internal affair of China. It is completely different from the Ukrainian one and has nothing to do with the US. No foreign interference is acceptable. While the US and the Western countries continue to add fuel to the fire of the Russia-Ukraine conflict, they often ignore the hard facts, compare the Taiwan issue with Ukraine and try to use the Russia-Ukraine conflict to impede China’s development. This is a vulgar, thoughtless and intemperate attitude,” he stated.

Speaking at a US Senate Select Intelligence Committee hearing, Burns said that Washington was providing support for Kiev, because such activities, among other things, contributed to the containment of China. He argued that the US was able to continue supporting Kiev in the conflict, the consequences of which went far beyond Ukraine and European security.

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Got to start from scratch. See you in ten years.

German Army Short of ‘Everything,’ Partly Due to Supplies to Kiev

The German armed forces lack equipment, personnel and “everything” in general, with stocks depleted by military deliveries to Ukraine, the parliamentary commissioner for the Bundeswehr, Eva Hoegl, said Tuesday. “Unfortunately, I have to admit that the Bundeswehr still has too little of everything. There is a shortage of ammunition, spare parts and radio equipment. There are not enough tanks, ships and aircraft,” Hoegl said presenting the annual report on the state of the German military. The commissioner praised Berlin for doing an “outstanding” job in supporting Ukraine in the conflict. However, supplying military aid to Kiev means that the German armed forces now have even less of everything, even more so two years into the conflict, she added. Germany continues to procure equipment to modernize the Bundeswehr under a special military fund worth 100 billion euros ($109 billion), Hoegl said, adding that two-thirds of it are already earmarked for specific purchases.

“As for personnel, I have no good news or messages here because the Bundeswehr is aging and shrinking,” Hoegl said, adding that the number of applications and recruits last year was the same as in 2022, while 20,000 posts remain vacant. A total of 181,514 people were serving in the Bundeswehr as of the end of last year, with the average age of a German soldier being 38.8 years. The 100 billion euro fund was announced by German Chancellor Olaf Scholz to improve the country’s defense capabilities shortly after the start of Russia’s military operation in Ukraine in February 2022. The fund was approved by the German parliament in June of that year. In January 2023, German Defense Minister Boris Pistorius told the Suddeutsche Zeitung newspaper that the special defense fund would not be enough for Germany to modernize its troops and cover maintenance costs for military equipment. Pistorius then called for an increase of 10 billion euros per year in the German defense budget.

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“..could potentially lead to “large protests demanding his resignation and new elections.”

Netanyahu Government’s Future ‘In Jeopardy’ – US Intel (RT)

Israel’s far-right cabinet led by Prime Minister Benjamin Netanyahu could face serious challenges and be forced to step down due to flagging public support, the US Office of the Director of National Intelligence (ODNI) has warned. In a report published on Monday, the ODNI noted that a “different, more moderate government” could take over the reins in the near future. The US intelligence agency concluded that “Netanyahu’s viability as leader as well as his governing coalition of far-right and ultraorthodox parties that pursued hardline policies on Palestinian and security issues may be in jeopardy.” According to the document, “distrust of Netanyahu’s ability to rule has deepened and broadened across the public” – something that could potentially lead to “large protests demanding his resignation and new elections.”

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“What they do not share is the same level of prosecution or press support. Menendez is a pariah in Washington and Hunter is the president’s son..”

“Hunter is not the victim of selective prosecution but the beneficiary of special treatment in the legal system..”

Menendez Case Shatters Hunter Biden Claim of Selective Prosecution (Turley)

Sen. Bob Menendez, D-N.J., was in court this week for another superseding indictment brought by federal prosecutors in the Southern District of New York. Rather than the four original counts, he now faces 18 counts with his wife, Nadine Arslanian Menendez, and alleged co-conspirators Wael Hana and Fred Daibes. What is most notable is not the proliferation of counts but the lack of comparative charges in the pending case against Hunter Biden. Some of us have long raised concerns over the striking similarity in the alleged conduct in both cases, but the absence of similar charges against the president’s son. That contrast just got even greater. The allegations in the two cases draw obvious comparisons. Menendez is accused of accepting a $60,000 Mercedes-Benz as part of the corrupt practices. In Hunter’s case, it was a $142,000 Fisker sports car. For Menendez, there were gold bars worth up to $120,000. For Biden, there was the diamond allegedly worth $80,000.

Underlying both cases are core allegations of influence peddling and corruption. However, the Justice Department threw the book at Menendez while minimizing the charges against Biden. That includes charging Menendez as an unregistered foreign agent under the Foreign Agents Registration Act (FARA). Many of us have said for years that the treatment of Hunter under FARA departs significantly from the treatment of various Trump figures like former Trump campaign chair Paul Manafort as well as Menendez. Now, there is a new layer of troubling comparisons to be drawn in the two cases. The superseding indictment incorporates new charges after the plea and cooperation of Menendez’s former co-defendant and businessman Jose Uribe. Uribe appears to have supplied the basis for some of the new charges, including a telling account with Nadine Menendez. She allegedly asked Uribe what he would say to law enforcement about the payments used for a Mercedes-Benz convertible and Uribe said that he could say that the payment were a “loan.” Nadine Menendez responded that “sounded good.”

The loan discussion hit a familiar cord with those of us who have written about the Biden corruption scandal. The Bidens have repeatedly referred to payment from foreign sources as “loans.” That most notoriously included millions given by his counsel Kevin Morris. In some cases, foreign money was received by President Joe Biden’s brother James and then immediately sent to the president’s personal account marked as a loan repayment. James admitted that the $40,000 was coming from the Chinese. The Justice Department in the Menendez case dismissed the claim of loans as merely a transparent effort to hide influence peddling. That includes not just the convertible payment but more than $23,000 that one businessman made toward the senator’s wife’s mortgage. Menendez and Biden share the array of luxury gifts, cars, and loans. However, the most important common denominator was the underlying corruption. Both cases are classic examples of influence peddling, which has long been a cottage industry in Washington, D.C.

What they do not share is the same level of prosecution or press support. Menendez is a pariah in Washington and Hunter is the president’s son. Menendez is blamed by many inside the Beltway not for being corrupt but for being open about it. The fact that others have been prosecuted for conduct similar to his own has not stopped Hunter from claiming victim status. He has told courts that even the few charges brought against him are evidence of selective prosecution. In the most recent filing, Special Counsel David Weiss dismissed many of Hunter’s claims as “patently false” and noted that Hunter Biden virtually flaunted his violations and engaged in obvious efforts to evade taxes and hide his crimes. Weiss further noted that other defendants did not write “a memoir in which they made countless statements proving their crimes and drawing further attention to their criminal conduct.” [..] As Hunter continues to claim to be the victim of selective prosecution in various courts, judges need only to look over the Menendez case to see the truth of the matter. Hunter is not the victim of selective prosecution but the beneficiary of special treatment in the legal system.

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A loser trying to save face. Trump lives in her head rent-free.

‘A Vote For Trump Is A Vote For Putin’ – Hillary Clinton (RT)

Supporters of US presidential hopeful Donald Trump would be voting for Russian President Vladimir Putin, the former US Secretary of State Hillary Clinton has claimed. Clinton’s remark followed a meeting between the presumed Republican nominee and Hungarian Prime Minister Viktor Orban in Florida on Friday. After the talks that CNN sources described as “friendly”, Orban told the media that Trump had a “detailed plan” to end the conflict in Ukraine, which involved stopping US aid to Kiev. “It’s becoming clearer every day: A vote for Trump is a vote for Team Putin,” Clinton, who run for Presidency twice as a democratic nominee, wrote on X (formerly Twitter). The post also displays a photo of Trump and Orban shaking hands and features a caption “Trump will not give a penny to Ukraine – Hungary PM Orban.” The quote refers to the comments made by the latter in an interview to Hungarian broadcaster M1 broadcast on Sunday.

According to a readout from Trump’s campaign, the two politicians met “to discuss a wide range of issues affecting Hungary and the United States, including the paramount importance of strong and secure borders to protect the sovereignty of each nation.” The Hungarian leader is seen by many in the West as an ally of Russia. Budapest has consistently called for a diplomatic solution to the conflict between Kiev and Moscow, as well as criticizing other Western nations for sending weapons to Ukraine. It has also maintained economic ties with Russia and called the EU sanctions against Moscow “counterproductive.”

Trump has repeatedly claimed on his campaign trail that, if he had remained in the White House for a second term, there would be no hostilities between Moscow and Kiev. If voted back in November, he promises to end the conflict “in 24 hours” by applying pressure on stakeholders. The US President Joe Biden, who is also running for re-election, described the meeting between Orban and Trump as “worrying”, according to CNN. Orban did not meet Biden during his visit to the US. On Tuesday, the Biden administration announced a new military aid package for Ukraine worth $300 million. The move comes as a bill that would provide $60 billion additional funds for Kiev remains blocked by Republican leaders in Congress.

Armstrong

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6 out of 40. Yay!

Georgia Judge Dismisses Several Counts In Trump Election Interference Case (ZH)

Fulton County Superior Court Judge Scott McAfee dismissed six charges out of the 40-count indictment in the election interference case against former President Donald Trump and his co-defendants, including three of the counts against Trump. The ruling, which is not linked to Fulton County DA Fani Willis’s (D) relationship with a special prosecutor she hired on the case – however McAfee is expected to rule on that later this week as well. The tossed charges do not impact the RICO charge that serves as the foundation for this unprecedented prosecution. Each of the tossed charges related to alleged efforts by Trump and some of his co-defendants, including former New York City Mayor Rudy Giuliani and White House chief of staff Mark Meadows, to solicit Georgia officials to violate their oaths of office.

The judge ruled that while the charges do contain the “essential” elements of each crime, they fail to provide enough detail for the defendants to mount their defenses. Under the current charges, McAfee said, the defendants could have violated the law in “dozens, if not hundreds, of distinct ways.” -The Hill. “The Court’s concern is less that the State has failed to allege sufficient conduct of the Defendants – in fact it has alleged an abundance,” McAfee wrote. “However, the lack of detail concerning an essential legal element is, in the undersigned’s opinion, fatal.” McAfee also emphasized that his ruling “does not mean the entire indictment is dismissed,” and preserved Fulton County’s ability to seek new indictments once they supplement the charges to his satisfaction. He also gave the state a six-month extension to resubmit the charges to a grand jury, even if the statute of limitations expires, and that he would “likely grant” a request to appeal.

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“Trump polled higher than Biden on all issues except abortion and climate change..”

2/3 of Liberals Would Dispute Election If Trump Wins (MN)

After over three years of complaining about Donald Trump contesting the 2020 election, a Rasmussen poll has found that a majority of Democrat voters oppose certifying the 2024 election should Trump emerge victorious. The survey found that should Trump win the election in November, and at this point it is difficult to bet against it, fifty seven percent of Democrat voters would oppose certifying the result, and close to two thirds of voters who identify as ‘liberal’ would oppose the result. That’s not very Democratic is it? The poll asked the question “Some Democrats in Congress have said that if Trump wins this year’s election, they will vote against certifying the election results because of Trump’s role in the January 6, 2021, Capitol riots. Do you support or oppose Democrats refusing to certify the election results if Trump wins?” The majority of Democrat voters said they would support the move. Incredibly, in the same poll, just 24 percent of Democrat voters said Republicans should have objected to the 2020 results if they believed they were fraudulent. It’s literally the same thing.

In perhaps a more telling revelation, however, the poll found that overall, only 35 percent of all voters would support opposing certifying a Trump victory. The survey also found that among those voters who strongly support Biden, close to three quarters disagree with the Supreme Court’s decision to prevent states from removing Trump from ballots. In other words Biden loyalists want to see his opponent unconstitutionally removed from the ballot. Again, not very Democratic. But as Democrats like to continuously remind Americans, it’s OK when they do it. Meanwhile, a further ABC/Ipsos poll has revealed that more Americans trust Trump to lead the country than Biden on all the top voter issues. Trump polled higher than Biden on all issues except abortion and climate change.

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“We need to have the biggest legal ballot harvesting operation this country has ever see..s”

Lara Trump: Preventing Cheating In November Is Top RNC Priority (ZH)

RNC co-chair Lara Trump says that “protecting the vote” in the upcoming November election is the most critical task for the committee. “We have three pillars that we need to focus on at the RNC to ensure victory on November 5, turn out the vote, protect the vote, and raise money,” she told Fox news’ “Sunday Morning Futures” on March 10. “But I would argue that maybe the most important of those three is protecting the vote, election integrity,” she added. Trump was asked by host Maria Bartiromo about her opinion of Attorney General Merrick Garland’s speech earlier this month in which he suggested that it’s racist not to allow the least secure methods of casting a vote in America. “On March 3, Mr. Garland said the U.S. Department of Justice was “fighting back” against “efforts by states and jurisdictions to implement discriminatory, burdensome, and unnecessary restrictions on access to the ballot, including those related to mail-in voting, the use of drop boxes, and voter ID requirements.” -Epoch Times

“We have to ensure that, when people go vote, they feel like their vote counts, that they are inspired to go vote. We can never allow what happened in 2020 and the questions surrounding that election to ever happen again,” said Trump. Lar a, the daughter-in-law of former President Donald Trump, suggested that Democrats are against voter ID because they seek to expand their voter base with illegal immigrants.”Democrats are bleeding and hemorrhaging voters. They understand that they cannot fool people in this country any longer so they have to import people,” she said. “The only reason you wouldn’t want voter ID is if you want people who cannot vote to vote in these elections. It is insane.” Roughly 81% of Americans support voter ID, according to a February poll by Pew Research. Along party lines, however, 95% favor the concept, while 69% of Democrats – still a majority, support it. According to Lara Trump, the RNC has established an “election integrity division” and devoted “vast resources dedicated solely to this cause,” which include a “nationwide network of volunteers,” such as poll workers and poll watchers.

To those who might cheat in the upcoming election, “We will go after you [and] you will be prosecuted to the full extent of the law,” Trump said. As the Epoch Times notes further, Trump also told Ms. Bartiromo that the RNC would use legal ballot harvesting in this election cycle. “It is already underway, and we will expand it again,” she said. Last week, Ms. Trump and Michael Whatley, chair of the North Carolina Republican Party, were elected to lead the RNC to replace Ronna McDaniel. Both were endorsed by President Trump last month. The leadership overhaul comes just days after President Trump dominated the Republican presidential primaries on Super Tuesday on March 5, solidifying his hold on the Republican nomination and the party itself. Last month, Ms. Trump also told The Epoch Times in an exclusive interview that she would mount a ballot-harvesting campaign in this election, something Republicans have been averse to in the past. “We need to have the biggest legal ballot harvesting operation this country has ever seen,” Ms. Trump said.

“It feels, for a long time, like the Democrats have been playing chess, and we’ve been playing checkers,” she said. Her goal is for the Republican Party “to be the opposite, to be steps ahead of them, and on our toes, and ahead of the game, and facing forward the whole time.” Ballot harvesting, legal in some states, allows people to deliver absentee or mail-in ballots to drop-off points on behalf of other voters. Republicans have been skeptical of the procedure, fearing it would lead to election fraud. Democrats have been much more willing to use the strategy. “Whether or not [Democrats] do it legally, that’s up for discussion,” Ms. Trump said, adding that it’s time for Republicans to start “attacking the game differently.” She also suggested that the RNC embrace early voting for the upcoming election. “The truth is, if we want to compete with the Democrats, we cannot wait until election day,” she said. “If we want to compete, we must embrace early voting.

https://twitter.com/i/status/1767966769572909284

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Otto

 

 

 

 

Kulning

 

 

Elephant

 

 

Deer

 

 

Galapagos

 

 

Maned wolf

 

 

Cute dogs

 

 

Happy feet
https://twitter.com/i/status/1767581402164494403

 

 

 

 

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

 

 

 

 

 

Mar 132024
 


Vincent van Gogh Le moulin de blute fin 1886

 

Biden Impeachment Inquiry Reveals US Being Ruled by ‘Demented Gangsters’ (Sp.)
Trump Tightens Control Over GOP – Politico (RT)
Trump Did Propose 10,000 National Guard Troops on January 6th (Turley)
Trump Vows to Free Jan. 6 ‘Hostages’ in First Act as President (ET)
Biden, Along With NATO, Is Losing His Grip on Reality (Jay)
Macron ‘Panicked’ Over Leaked Ukraine Reports – Marianne (RT)
Polish Troops Would Never Leave Ukraine – Putin (RT)
Why The Only Credible Peace Deal Between Russia And Ukraine Collapsed (Poletaev)
Russia’s Response To Asset Seizure Could Trigger Global Financial Collapse (RT)
US Builds Gaza Port To Facilitate Mass ‘Voluntary’ Migration: Anadolu (Cradle)
What is it with Conservatives and Jews? (Paul Craig Roberts)
Boeing Failed 37% of Audits by US Regulators (Sp.)
Only Revolutionary Love Can Save Us Now (Alexander)
Confident Dragon Lays Out Modernization Roadmap (Pepe Escobar)
Twilight of the Blobs (Jim Kunstler)

 

 

 

 

Lots of Robert Hur snippet videos, topped off by Matt Gaetz’s description of Joe Biden:

“The elevator doesn’t go to the top floor.”

 

 

 

 

 

 

 

 


https://twitter.com/i/status/1767589194342506788

 

 

Hur Jordan

 

 

 

 

“..the old Delaware daughter sniffer” will be replaced by somebody “set up to lose to Donald Trump, or at least that’s the way it certainly looks right now.”

Biden Impeachment Inquiry Reveals US Being Ruled by ‘Demented Gangsters’ (Sp.)

The weaponization of the US Department of Justice against US President Joe Biden’s accusers reveals that the United States is ruled by “complete and total demented gangsters,” Steve Poikonen, who serves as the host of the Slow News Day show, told Sputnik’s The Critical Hour on Monday. Poikonen was speaking with co-hosts Wilmer Leon and Garland Nixon about the impeachment inquiry into US President Joe Biden over claims the commander-in-chief was involved in alleged influence peddling scheme linked to his son, Hunter Biden. Poikonen said that Joe Biden is an “outright criminal,” adding that there is “more than enough evidence to impeach him and arrest him based on him bragging about stuff on camera.” “We really are being, allegedly, governed by complete and total demented gangsters,” he added later.

Asked about former FBI informant Alexander Smirnov, who was charged with lying to the FBI about Hunter Biden, despite being seen as a credible informant for years, Poikonen compared it to WikiLeaks co-founder Julian Assange’s extradition case, during which, a key witness, Sigurdur Ingiu Thordarson, admitted he fabricated his testimony to get immunity. “The convicted pedophile whose testimony was used in part to deny to make sure [Assange] was going to be extradited to the US, said ‘I made it up, I made it all up for the immunity agreement’… and [the DOJ is] going ‘this is still admissible and this is still something that helps solidify our case against a journalist’… on the other hand… the same DOJ is using the exact opposite [in the Biden case], ‘well, we believed him when we liked it, but now that we don’t like it, we’re going to tell you that he’s full of it.’” Poikonen further asserted the FBI does not want to look too deeply into the Hunter Biden case as it could potentially blow back on the agency. “The FBI is complicit in absolutely every facet of this,” he said.

Nixon noted former US President Donald Trump and former New York City Mayor Rudy Giuliani were also charged or attacked after looking into the Biden family’s business dealings in Ukraine, in addition to Smirnov. Poikonen acknowledged that another name should be added to that list: former Hunter Biden business partner Jason Galanis. “[Galanis had to] testify from a prison cell because as soon as he had information that could lead to the arrest of Hunter or Joe Biden, he found himself going to court over a $60 million bond fraud … It’s selective prosecution based on perceived political opponents or real bumps in the road.” That situation has resulted in the US resembling something that looks “a whole lot less like any sort of democracy or a free and fair society and a whole lot more like an oligarchy that is ruled by violence and theft and extortion and threats.” Due to the corruption case and the American president’s apparent mental decline, Poikonen said he believes Biden, who he called “the old Delaware daughter sniffer” will be replaced by somebody “set up to lose to Donald Trump, or at least that’s the way it certainly looks right now.”

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Not half work. They learned their lesson.

“.. the firing of more than 60 McDaniel-era staffers, including the heads of the political, communications, and data departments.”

“..the RNC’s finance and digital teams will be moved to Palm Beach, Florida, to bring them closer to the Trump campaign’s base..”

Trump Tightens Control Over GOP – Politico (RT)

Former US President Donald Trump has taken charge of the Republican National Committee (RNC), installing his daughter-in-law and political allies in senior leadership roles and, according to Politico, firing dozens of staffers. The swift takeover ensures that the party’s manpower and funding will be entirely directed toward his election campaign. Michael Whatley, a senior party official in North Carolina, and Lara Trump were voted in as the RNC’s new chair and co-chair on Friday, following the resignation of Ronna McDaniel. Trump had accused McDaniel of bungling the 2022 midterm elections and failing to sufficiently back his claims of fraud after the 2020 presidential election, and endorsed Whatley to take her position in February. Trump campaign adviser Chris LaCivita was named as the RNC’s new chief of staff, and the committee also voted to recognize the former president as the party’s nominee to take on President Joe Biden this November.

In his acceptance speech, Whatley said that the RNC will work “hand in glove” with the Trump campaign over the next eight months to mobilize voters and prevent voter fraud. While the Republican and Democratic national committees typically back whichever candidate secures their party’s nomination, Trump has yet to secure the support of enough Republican delegates to formally clinch the title. However, Trump has won 1,078 out of the 1,215 delegates needed for nomination, and with no primary challengers remaining after Nikki Haley bowed out of the race last week, he is all but certain to be picked when the Republican National Convention is held in July. Trump’s reshaping of the RNC continued on Monday, with Politico reporting the firing of more than 60 McDaniel-era staffers, including the heads of the political, communications, and data departments.

According to a report by the New York Times, the RNC’s finance and digital teams will be moved to Palm Beach, Florida, to bring them closer to the Trump campaign’s base. Under McDaniel, the RNC consistently failed to match the fundraising power of the Democratic National Committee. As of the end of December, the RNC had around $8 million cash on hand, roughly a third as much as the DNC’s war chest, Politico noted. Before dropping out of the race last week, Haley warned that Trump would likely use the RNC’s funds to pay his mounting legal bills. “I don’t want the RNC to become his piggy bank for his personal court cases,” she told CNN last month. Lara Trump has refused to say whether she would allow RNC funds to be used for this purpose, but told reporters that the former president’s supporters had “a big interest” in the cases against him.

https://twitter.com/i/status/1767324470971113773

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“..I remember the number 10,000 coming up of, you know, the President wants to make sure that you have enough. You know, he is willing to ask for 10,000. I remember that number.”

Trump Did Propose 10,000 National Guard Troops on January 6th (Turley)

One of the long-standing unanswered questions from the January 6th riot has been why the Capitol was so poorly prepared and defended on that day. A newly released transcript has caused a firestorm in Washington over allegations that the J6 Committee downplayed or even suppressed evidence that former President Donald Trump personally suggested the deployment of 10,000 national guard troops to prevent violence. The transcript also includes contradictions of major allegations that ran wild in the media. That includes the claim that Trump tried to physically grab the steering wheel of the presidential limo, “The Beast,” when Secret Service refused to take him to the Capitol. Former White House aide Cassidy Hutchinson was the source of the claim, which appeared in most of the media and was highlighted in her testimony. However, it appears that the J6 Committee had testimony of secret service agents directly contradicting that account, including the driver. However, it is the National Guard question that is more weighty for historical purposes.

Trump has long claimed that he proposed the deployment of the National Guard troops (as was done previously at the White House during violent protests). The January 6th Committee said that was a lie. The release of the transcript by Rep. Barry Loudermilk (R., Ga.) triggered attacks on the J6 Committee. The Federalist’s Mollie Hemingway wrote a column titled “Former Rep. Liz Cheney’s January 6 Committee suppressed evidence.” That triggered an angry response from former co-chair Liz Cheney which led to an even angrier reply from commentator Mark Levin. The anger is nothing new in a J6 investigation that seemed to produce more heat than light. Cheney’s spokesperson called the Federalist report “flatly false” and added “no transcripts were destroyed” while acknowledging that some material was not published “to allow the Secret Service to protect sensitive security information for interviews of its agents before preserving that testimony in the archives.”

The issue of the suppression or destruction of the evidence has drawn a lot of attention, but the more troubling question is the fact that such an offer was made and declined. The Committee found “no evidence” that the Trump administration called for 10,000 National Guard members to Washington, D.C., to protect the Capitol. That now stands contradicted and the question is whether Cheney or other members knew the public was being misled on the question. For example, the Washington Post “debunked” Trump’s comments with an award of “Four Pinocchios.” The Post’s Glenn Kessler admitted that Trump raised the issue but noted that he might have been suggesting the troops “not because he wanted to protect the Capitol,” but to suggest that he and his supporters were being threatened. He added that “Trump brought up the issue on at least three occasions but in such vague and obtuse ways that no senior official regarded his words as an order.”

However, the issue is not whether Trump issued “an order” but made an offer that was declined. For those of us who were covering the event on that day, the question has always been prominent in our minds. I was critical of Trump’s speech while he was still giving it. However, before the Capitol was breached, I also noted that I had never seen the Capitol so thinly protected in a major protest. We had just seen violent protests outside of the White House with a large number of police officers injured and extensive property damage, including arson. President Trump and his family had to be moved to a secure location out of concern of an imminent breach of the White House. National Guard were deployed and fencing installed. Even without an offer, it remains unclear why the violence around the White House did not prompt Congress to install the same barriers and deploy the same troops. (They ultimately took both steps but only after the rioters gained entry into the Capitol).

Moreover, if an offer was clearly made, it undermines the allegations that Trump was actively seeking an insurrection. While he has never been charged with an insurrection or even incitement, that allegation was used more recently to support his disqualification from the ballots in Colorado, Maine, and Illinois. The transcript contains the testimony of former White House Deputy Chief of Staff Anthony Ornato’s interview on January 2022 with Cheney present. Ornato states that he clearly recalled the offer of 10,000 troops being made by Trump in a conversation with D.C. Mayor Muriel Bowser: “I was there, and he was on the phone with her and wanted to make sure she had everything that she needed. Because I think it was the concern of anti and pro groups clashing is what I recall…I remember the number 10,000 coming up of, you know, the President wants to make sure that you have enough. You know, he is willing to ask for 10,000. I remember that number.”

Ornato said that Browser said that they would not need the troops. (She ultimately asked for only 300 troops). There are also reports that then Speaker Nancy Pelosi was worried about the “optics” of military reinforcements at the Capitol. Ornato also said that he recalled that, after Bowser refused additional National Guard members, the White House requested the Defense Department have a “quick reaction force” ready on that day. He gave details on meetings with the Defense Department and follow up from Chief of Staff Mark Meadows. Hemingway noted in her report that Ornato’s testimony was supported by former Trump administration aide Kash Patel. Cheney has attacked Patel as unreliable. Ornato also testified that Meadows and others were frustrated by the delay in getting those troops to the Hill. The delay was blamed on the logistics, not some conspiracy to enable or facilitate an insurrection.

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“..he would not pardon all of those imprisoned, telling the audience that “a couple of them, probably they got out of control.”

Trump Vows to Free Jan. 6 ‘Hostages’ in First Act as President (ET)

Former President Donald Trump has vowed to release individuals imprisoned over the Jan. 6, 2021, breach of the U.S. Capitol if he wins the 2024 election in November. President Trump made the comments in a statement on Truth Social on March 11, noting that it would be among one of his first acts upon taking office in the White House. The Republican said shutting down the U.S.-Mexico border and increasing oil drilling as part of efforts to make America more energy independent would also be among his first actions as president. “My first acts as your next President will be to Close the Border, DRILL, BABY, DRILL, and Free the January 6 Hostages being wrongfully imprisoned!” President Trump said. President Trump said during a rally in Texas in 2022 that he would consider pardoning those convicted of their involvement in the Jan. 6 breach, noting that his administration would treat them “fairly.”

“If it requires pardons, we will give them pardons, because they are being treated so unfairly,” he said at the time. Last year, President Trump told a town hall hosted by CNN at Saint Anselm College in New Hampshire that he was inclined to pardon a “large portion” of those charged with crimes relating to the breach. However, the Republican stressed he would not pardon all of those imprisoned, telling the audience that “a couple of them, probably they got out of control.” At a rally in Iowa on the third anniversary of the breach at the start of this year, President Trump referred to the individuals arrested in the wake of the Jan. 6 breach as “hostages” who had suffered enough.” He then urged President Joe Biden to release them adding: “You can do it real easy, Joe.” President Trump’s latest comments mark the first time he has suggested that releasing those imprisoned over the Jan. 6 breach would be a top priority and that he will take immediate action to do so if he wins the November election.

According to the most recent statement from the Department of Justice (DOJ), more than 1,358 individuals from nearly all 50 states have been charged with crimes linked to the breach of the U.S. Capitol. This includes more than 486 individuals who were handed felony charges for assaulting or impeding law enforcement. Most recently, a 43-year-old Maryland man was arrested on felony and misdemeanor charges—including offenses of civil disorder and assaulting, resisting, or impeding certain officers—in relation to the events of Jan. 6. President Trump himself has been indicted over allegations related to his actions on Jan. 6 and alleged attempts to challenge the results of the 2020 election, including conspiring to defraud the country and obstructing an official proceeding. He has pleaded not guilty to the charges.

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“.. the American public who are more concerned about the price of groceries, gas pumps and their utility bills rather than what was going on in 1941..”

Biden, Along With NATO, Is Losing His Grip on Reality (Jay)

The state of the union speech was an insight into how the senile U.S. president is stuck in the past, out of touch with the reality of a multipolar world. While many will wonder whether he wrote the speech himself or it was drafted for him, President Joe Biden made his case to the American public in simple terms. Vote for me, as I am living the dream of USA 80 years ago. The references to the second world war should have shocked the American public who are more concerned about the price of groceries, gas pumps and their utility bills rather than what was going on in 1941. And yet 1941 for any half-rate history teacher in Alabama would seem an odd choice of dates to pluck out of nowhere and use as a reference point to present America as an unchallenged superpower. As it was, after all, the date where German troops took on their greatest challenge – Russia – and were mercilessly defeated through, amongst other military considerations – being both deluded about their strengths and poor military planning.

Those two points might be on the minds of western elites while Biden used the podium to once again beg Congress to approve his aid package for Ukraine. As even the BBC correspondent in Ukraine admitted – that Russia was now advancing and its troops no longer taking villages but now towns – it would seem that NATO planners have indeed repeated the Barbarossa lesson. Is this the real reason why the bill cannot get passed? The Americans have realised they have simply bitten off more than they can chew in Ukraine and the humiliation already of three U.S.-made Abrams tanks – the most cumbersome, impractical and overrated piece of modern U.S. military hardware ever conceived – along with a general ground swell of opinion that the war can never be won is weighing down on them. Even the Guardian newspaper recently published an opinion piece by Simon Jenkins who argued the case the NATO had become “reckless” in Ukraine, citing the carelessness of the German phone tap which revealed the plan to hit the bridge in Crimea, seemed to draw a new water line of despondency.

Perhaps this explained why Biden didn’t take too much time on harping on about Ukraine in his speech, preferring more to use the opportunity to strike out at Trump – a tactic which surely confirms that he is as stupid as he looks as it will surely backfire on him and raise Trump’s prowess ever further. Instead, Biden attempted at great length to divert cash back into the pockets of humble Americans who don’t understand how the so-called trickle down affect is supposed to work – how big businesses making huge profits don’t always distribute their gains throughout the financial system – by admitting that it is not working. On paper, the figures show that the U.S. is doing well. Try explaining that to millions of Americans facing hardship on a scale never before seen. Biden is going to be remembered in history as the buffoon who left office while two wars raged in the world, while he raised taxes from corporations and can’t remember where he is, or what day of the week it is. He will be remembered for the fiasco of the pullout of U.S. troops from Afghanistan and for his incoherent dithering. And for that bloody ice cream.

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“Make no mistake, up against the Russians we are an army of cheerleaders!”

Macron ‘Panicked’ Over Leaked Ukraine Reports – Marianne (RT)

French President Emmanuel Macron’s talk about maybe sending troops to aid Kiev may have been spurred by three assessments produced by the French military that painted a dire picture of the Ukraine conflict, according to the magazine Marianne. The reports, which have somehow found their way into the weekly’s possession, argued that Ukraine wrecked its Western-trained force in the failed 2023 offensive, has run out of men to mobilize, and that its recent loss in Avdeevka shows it can’t even hold the line against Russia. “Ukraine cannot win this war militarily,” concludes the first report, written in the fall of 2023, following Kiev’s disastrous ground offensive. It praises the Russian forces as the new “tactical and technical” standard of how to run defensive operations and debunks the media myth of “meat assaults.”

For the West to continue pursuing a military solution in Ukraine would be “the most serious error of analysis and judgment,” the classified document said, according to Marianne. Sending French troops to Ukraine would be “unreasonable,” one senior officer wrote. “Make no mistake, up against the Russians we are an army of cheerleaders!” he added. The second report, outlining the prospects for 2024, says that Kiev needs 35,000 men per month but is “recruiting less than half” of that number, while Russia enlists 30,000 volunteers monthly. Meanwhile, the 2023 offensive “tactically destroyed” half of Kiev’s 12 combat brigades. “The West can provide 3D printers to manufacture drones or loitering munitions, but will never be able to print men,” the report said. One solution it advised was sending Western troops to Ukraine to carry out support tasks in the rear, freeing the Ukrainians for frontline duty.

The second report also acknowledged the Western special forces and “soldiers in civilian clothes” had a far greater presence in Ukraine than officially acknowledged, including “quite a few British,” as well as French naval commandos training the Ukrainians. The third and latest report, which had the French observers “in cold sweat,” described the Battle of Avdeevka as a possible “rout” of Ukrainian forces. It described how Russia created “hell” for the Ukrainian troops by using massive glide bombs to inflict more than 1,000 casualties per day. The French document also described the Ukrainian retreat on February 17 as “sudden and unprepared.” At the end of February, Macron made an argument to NATO members that all options for helping Ukraine should be “on the table,” implying the possibility of sending ground troops. The idea was publicly repudiated by most members of the US-led bloc, however.

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”..Polish officials sleep and dream of returning “those lands that they consider historically their own, and which were taken from them by… Joseph Stalin..”

Polish Troops Would Never Leave Ukraine – Putin (RT)

Any attempt to send Polish troops into Ukraine may end up with a long-term occupation, President Vladimir Putin has warned in an extensive interview with Russian journalist Dmitry Kiselyov, which is set to be aired by Rossiya 1 TV and RIA Novosti on Wednesday. “If Polish troops enter the territory of Ukraine in order to, as they say, secure the Ukrainian-Belarusian border, for example, or in some other places to free up Ukrainian rear military units to participate in hostilities on the frontline, then I think that Polish troops will never leave,” Puitin said, according to snippets of the interview.

The deployment of NATO troops to Ukraine amid the conflict with Russia is “not unthinkable,” Polish Foreign Minister Radoslaw Sikorski claimed last week. He was commenting on a statement by French President Emmanuel Macron, who said late last month that he “cannot exclude” the possibility of soldiers from the US-led military bloc being sent to aid Kiev. Putin believes that Polish officials sleep and dream of returning “those lands that they consider historically their own, and which were taken from them by… Joseph Stalin, and transferred to Ukraine.” “They certainly want them back. So if official Polish units enter there, they are unlikely to leave,” he reiterated.

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‘The decision is yours, Mr. Zelensky. If you choose war, we will support you with money and weapons; if you choose peace, you will be left on your own with Putin..’

Why The Only Credible Peace Deal Between Russia And Ukraine Collapsed (Poletaev)

So, what really happened in April 2022? Apparently, upon arriving in Kiev, Johnson told Zelensky (speaking on behalf of the UK, US, and France) something along the lines of: ‘You can sign anything you want, but we will not sign anything and we are not ready to provide any guarantees, especially considering your requirements and wording. ‘The decision is yours, Mr. Zelensky. If you choose war, we will support you with money and weapons; if you choose peace, you will be left on your own with Putin.’ This matches the West’s subsequent actions and decisions, since so far, no one in the West has taken on any legal obligations in regard to Ukraine. Even the agreements on military assistance concluded this spring are nothing more than a set of declarations which are convenient for the West. Here’s the collective stance of Western leaders: NATO is not ready to provide any guarantees to Ukraine and will not sign any agreements.

If all this is indeed true (and the facts seem to leave no room for doubt), then it was Zelensky who made the fatal decision to stop negotiations. And while the West pushed him to this decision, its leaders also fell into the trap of believing that the conflict could be settled on the battlefield. At some point, instead of following a rational course, Western elites allowed their emotions to get the better of them. Zelensky convinced them that the Armed Forces of Ukraine could defeat Russia, and they believed this to such an extent that they were willing to risk their political standing and even the future of the entire current liberal world order. All this has led the West to a decisive fork in the road: What to do if Ukraine loses? Should Western leaders follow the example of Johnson and leave Ukraine alone with Moscow, or should they start a big war with Russia? Either way, the path that they chose will influence the entire course of world history.

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“.. The Euroclear Bank boasts of over €37 trillion of assets in custody globally, but if it runs out of liquidity amid a litany of lawsuits – the Belgian central bank may be forced to withdraw its license..”

Russia’s Response To Asset Seizure Could Trigger Global Financial Collapse (RT)

While Brussels is searching for legal loopholes to send frozen Russian assets to Ukraine, it must keep some of the cash as a “safety buffer,” should its clearing house Euroclear get in trouble, potentially jeopardizing the entire global financial system, a senior EU official told Reuters. The West has frozen roughly $300 billion in holdings belonging to the Russian central bank since the start of the Ukraine conflict two years ago. Brussels-based Euroclear holds around €191 billion ($205 billion) of them, and the EU is reportedly fast-tracking the decision to send Kiev the first tranche of up to €3 billion ($3.2 billion) from profits generated by frozen Russian assets as early as July. However, Brussels will have to “ensure that there is no breach of financial stability,” an unnamed EU official told Reuters on Tuesday. “The moment the war ends and all settlements can be made, all the money that was provisionally retained will also be transferred to Ukraine. But we need a significant amount in Euroclear… because Euroclear will face a lot of claims,” the official added.

Should the West proceed with expropriating the funds, the Russian central bank is likely to seize some €33 billion of Euroclear money held in the national securities depository in Moscow, the official noted. Russia may also sue to seize Euroclear cash from depositories in Hong Kong and Dubai. Moscow has repeatedly warned that it will respond in kind if the West goes through with threats to confiscate Russian assets. The finance ministry said last month that Western states and companies themselves still have holdings in Russia that could be jeopardized if the frozen funds were tapped. If Western banks begin suing Euroclear for the loss of their money invested in Russia “that’s the mechanism how Euroclear could be totally emptied,” the EU official warned. The Euroclear Bank boasts of over €37 trillion of assets in custody globally, but if it runs out of liquidity amid a litany of lawsuits – the Belgian central bank may be forced to withdraw its license, causing a global financial crisis, the official warned.

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“..making conditions in Gaza so uninhabitable that its population would be forced to flee to other countries, including Egypt’s Sinai, Greece, Spain, and Canada..”s

US Builds Gaza Port To Facilitate Mass ‘Voluntary’ Migration: Anadolu (Cradle)

A US military ship set sail on 11 March to travel to the coast of the besieged Gaza Strip to build a temporary port. However, doubts about US intentions for the port’s construction continue to emerge. Hisham Khreisat, a Jordanian military and strategic affairs expert, suggested the motivation for building the port was instead to facilitate the deportation of Gaza’s population by ship. Khreisat told Anadolu Agency that “the floating port off the shores of Gaza is a humanitarian facade hiding voluntary migration to Europe.” “This military tactical port will receive Israeli approval because Prime Minister Benjamin Netanyahu has been seeking this idea since the beginning of the war, aiming for the voluntary displacement of Gazans and their [flight] to Europe,” he added. The White House claims it wishes to build the port to deliver humanitarian aid to Gaza as hundreds of thousands of Palestinians are at risk of starvation due to Israel’s blockade.

But the BBC noted that the port would take at least 60 days to build and that “charities have said those suffering in Gaza cannot wait that long.” If the US wished to stave off famine in Gaza, it could simply use its leverage as Israel’s leading supplier of weapons to force Tel Aviv to allow more aid to enter by truck convoys through existing land crossings. On 13 October, just days after the beginning of the war on Gaza, the Israeli Ministry of Intelligence issued a document calling for the forcible expulsion of the strip’s 2.3 million inhabitants under a humanitarian guise. The leaked document recommends making conditions in Gaza so uninhabitable that its population would be forced to flee to other countries, including Egypt’s Sinai, Greece, Spain, and Canada. Israel could justify the deportation to the international community, the plan stated, if it appears to lead to “fewer casualties among the civilian population compared to the expected number of casualties if they remain,” the document says.

Israel’s horrific bombardment of Gaza since 7 October has created just such conditions, killing at least 30,000 Palestinians, the majority women and children. The risk of famine, caused by Israel’s blockade, has also created conditions to make the deportation of 2.3 million Gazans appear as a humanitarian gesture. These conditions could further be created should Israel conduct a ground operation in Rafah, where over a million Gazans displaced from other areas of the strip are sheltering. Egypt has so far refused to allow Gazans into the Sinai, making deportation by sea to Europe more attractive for Israeli planners. The Popular Front for the Liberation of Palestine (PFLP) also issued a warning about the US plan to build a temporary port off the shore of Gaza. The resistance movement emphasized that the US plan is “suspicious and dubious,” as it would open the door to the forced displacement of Gaza’s population under humanitarian and other pretexts.

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“..the rise of status based law that protects some chosen ethnicities and persecutes others..”

What is it with Conservatives and Jews? (Paul Craig Roberts)

South Dakota Governor Kristi Noem is a conservative hero. Her CPAC speech was well received. Yet she doesn’t hesitate to pass legislation that turns the First Amendment into a hate crime. She has just had a law passed that turns “anti-semitism” into a hate crime. She says the law defines anti-semitism and will serve as the model for other states to follow. Governor Noem herself engages in hate speech. She says Joe Biden and Kamala Harris “suck” and she wants to humiliate them. If she said “Jews suck and I want to humiliate them,” under her own law she would probably be guilty of a hate crime. And if not, close to it. Governor Noem apparently doesn’t realize, along with many other people, that erasing the First Amendment means that any protected ethnicity can define hate speech as any words they claim to experience as “painful.” Ultimately, this will mean that they, as individuals, cannot be charged with a crime. South Africa’s experience with the International Court of Justice shows how difficult it is to charge the Israeli government with a crime even when Israel is committing genocide.

The Israel Lobby long ago defined anti-semitism. It is any criticism, true or false, of a Jew or of Israel. For example, to protest Israel’s slaughter or genocide of Palestinians is anti-semitic. To even report, quoting their own words, Israeli government officials and rabbis calling for the murder of Palestinian women and children and for the extinction of Palestinians is anti-semitism. If you can’t complain about mass murder, or even report the words of those calling for it, what can you complain about? Recently three presidents of Ivy League universities, all female and one black, were called before the US Congress and scolded for allowing their students to protest Israel’s slaughter of Palestinians. The three women were guilty of permitting students to have First Amendment rights and were treated as if they had organized the protests themselves. The black female president of Harvard had to resign. In the UK, University of London students were suspended for their pro-Palestine protests. I find it extraordinary that Jews alone among all ethnicities can control what can be said about them.

Curiously, it is progressive and woke students at progressive institutions, not conservatives, who are defending both their First Amendment right and expression of moral conscience. The Independent Institute, a conservative/libertarian institute that thoughtfully analyzes economic and social policies with which I have been associated in some way or the other for many years, inexplicably chose the moment of Israel’s announced policy of bombing the Palestinians out of existence and completing the theft of their country to publish a book, The New American Anti-Semitism by Benjamin Ginsberg. Ginsberg writes that anti-semitic progressives are a threat. He urges conservatives and Jews to stop their gifts to progressive universities and to “form new political alliances, particularly with evangelical Christians.” It is remarkable to see the Independent Institute in favor of an alliance between Jews, conservatives, and Christians against the First Amendment.

It is also an attack on the 14th Amendment’s requirement of equality under law. Currently, a hate crime, consisting only of words, can only be committed against a black, a Jew, and a sexual pervert. Anything can be said about white gentiles and Palestinians, who have no recourse. The real threat is not anti-semitism. The real threat is the destruction of free speech and the rise of status based law that protects some chosen ethnicities and persecutes others. What is really needed is an alliance against those who are destroying the foundations of truth, freedom, and accountable government. The growing limits on free speech are already damaging scholarship and science. Do we want to live in a world where “truth” consists of controlled narratives that serve the interests of the ruling elites?

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Feel lucky, punk?

Boeing Failed 37% of Audits by US Regulators (Sp.)

Boeing has failed 33 of 89 Federal Aviation Administration (FAA) inspections, following a January incident in which part of the fuselage of an Alaska Airlines 737 MAX was lost, the New York Times reports, citing FAA data. According to the New York Times, auditors examined “many parts of the 737 MAX” as well as employees’ understanding of product quality control principles. The inspections lasted six weeks and involved both Boeing and the supplier, Spirit AeroSystems, which makes the fuselage for the Boeing 737 MAX. The newspaper notes that Boeing passed 56 of the 89 audits. The auditors focused on “many parts of the 737 MAX, including the wings and a number of other systems,” as well as employees’ understanding of product quality control principles.

The audits found 97 instances of alleged noncompliance with manufacturing standards. Spirit AeroSystems failed seven out of the 13 inspections according to FAA documents. Representatives observed mechanics at Spirit AeroSystems using a hotel key card to check the door seal, as well as using liquid soap as a lubricant during the assembly process on the seal. The Boeing 737 is a group of narrow-body, short- to medium-range passenger and transport airliners produced by the Boeing Corporation since 1967. It holds the title of being the most mass-produced passenger aircraft in the history of commercial aviation, with the delivery of the 10,000th airplane taking place on March 13, 2018.

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“I come to this magnificent house of worship tonight because my conscience leaves me no other choice.”

Only Revolutionary Love Can Save Us Now (Alexander)

Of all the incredible speeches that Martin Luther King, Jr. gave in his life, I think the one that speaks most directly to the times that we are living in now, and that models what is required of us as we face multiple existential threats to our democracy and our world, is the speech that King gave when he publicly condemned the Vietnam War—and was immediately cancelled. That speech has become a touchpoint for me in recent years. Whenever I need a moral compass or my courage begins to falter, I return to the words King spoke on April 4, 1967, one year before his assassination, at the Riverside Church in Manhattan. King said, “I come to this magnificent house of worship tonight because my conscience leaves me no other choice.” He explained that “a time comes when silence is betrayal” and that time had come in relation to Vietnam.

It is difficult to overstate the political risk that King was taking when he stepped to the podium at Riverside Church. Our nation had been at war with Vietnam for two years, more than 400,000 American service members were deployed, and roughly 10,000 American troops had been killed. The war had enthusiastic bipartisan support within the political establishment, and those who dared to criticize the war were often labeled Communists and subjected to vicious forms of retaliation and backlash. Many of King’s friends and allies warned him that speaking the whole truth about the war would jeopardize the fragile gains of the civil rights movement. Little could be gained, they said, by speaking up for people halfway around the world and much could be lost. “Why are you joining the voices of dissent? Aren’t you hurting the cause of your people?” they asked.

King acknowledged the source of their concerns but said that their questions revealed that they did not really know him, his commitment, or his calling. Indeed, as far he was concerned, “they do not know the world in which they live.” King acknowledged that it is not easy for people to speak out against their own government, especially during wartime, and that the situation in Vietnam was complex. But he felt morally obligated to speak for the suffering and helpless children of Vietnam. He said: “This I believe to be the privilege and the burden of all of us who deem ourselves bound by allegiances and loyalties which are broader and deeper than nationalism and which go beyond our nation’s self-defined goals and positions. We are called to speak for the weak, for the voiceless, for the victims of our nation and for those it calls “enemy,” for no document from human hands can make these humans any less our brothers.”

Far from soft-pedaling his criticism, King described the American government as “the greatest purveyor of violence in the world,” and urged our nation to get on the right side of the liberation struggles occurring around the world. He wondered aloud what the Vietnamese people must think of us, a nation that promises democracy, dignity, and equality but delivers bombs instead. “We herd them off the land of their fathers into concentration camps where minimal social needs are rarely met,” he said. “They know they must move on or be destroyed by our bombs.” In unflinching terms, King condemned the moral bankruptcy of a nation that does not hesitate to invest in bombs and warfare around the world but can never seem to find the dollars to eradicate poverty at home. He called for a revolution of values. He said:

“We must rapidly begin the shift from a thing-oriented society to a person-oriented society. When machines and computers, profit motives and property rights, are considered more important than people, the giant triplets of racism, extreme materialism, and militarism are incapable of being conquered”. The moment King ended his speech, he was cancelled. More than 60 newspapers railed against him, including the Washington Post and The New York Times. The Post claimed that King’s speech had “diminished his usefulness to his cause, to his country, and to his people.” Many civil rights leaders and organizations criticized him too, including the NAACP. But despite the withering public condemnation, King continued to speak out against the Vietnam War on both moral and economic grounds until his death.

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“..it is definitely unacceptable that certain countries must be at the table while others can only be on the menu.”

Confident Dragon Lays Out Modernization Roadmap (Pepe Escobar)

This is the Year of the Wooden Dragon, according to China’s classic wuxing (“five elements”) culture. The dragon, one of the 12 signs of the Chinese zodiac, is a symbol of power, nobility and intelligence. Wood adds growth, development and prosperity. Call it a summary of where China is heading in 2024. The second session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) was finalized on Sunday in Beijing. The wider world should know that within the framework of grassroots democracy with Chinese characteristics, an extremely complex – and fascinating – phenomenon, the importance of the CPPCC is paramount. The CPPCC channels wide-ranging expectations of the average Chinese to the decision level, and actually advises the central government on a vast range of issues – from everyday living to high-quality development strategies.This year, most of the discussion focused on how to drive China’s modernization even faster.

This being China, concepts – like flowers – were blooming all around the spectrum, such as “new quality productive forces, “deepening reform,” “high-standard opening-up,” and a fabulous new one, “major-country diplomacy with Chinese characteristics.” As the Global Times emphasized, “2024 is not only a critical year for achieving the goals of the ‘14th Five-Year Plan’ but also a key year for achieving the transition to high-quality development of the economy.” So let’s start with Chinese Premier Li Qiang’s first “work report” delivered a week ago, which opened the annual session of the National People’s Congress. The key takeaway: Beijing will be pursuing the same economic targets as in 2023. That translates as 5% annual growth. Of course deflationary risks, a downturn in the real estate market and somewhat shaky business confidence simply won’t vanish. Li was quite realistic, emphasizing Beijing is “keenly aware” of the challenges ahead: “Achieving this year’s targets will not be easy.” And he added: “Global economic growth lacks steam and the regional hotspot issues keep erupting. This has made China’s external environment more complex, severe and uncertain.”

Beijing’s strategy remains focused on a “proactive fiscal policy and prudent monetary policy”. In a nutshell: the song remains the same. There won’t be a “stimulus” of any kind. Deeper answers should be found in the work report/budget released by the National Development and Reform Commission: the focus will be on structural change, via extra funds to science, technology, education, national defense, agriculture. Translation: China bets on strategic investment, the key for a high-quality economic transition. In practice, Beijing will be heavily invested in modernizing industry and developing “new quality productive forces” such as new-energy vehicles, biomanufacturing and commercial space flight. Science Minister Yin Hejun made it clear: there was an 8.1% increase in national investment in research and development in 2023. He wants more – and he will get it: R&D spending will grow by 10% to a total of 370.8 billion yuan. The mantra is “self-reliance”. On all fronts – from chipmaking to AI. A no holds barred tech war is on – and China is totally focused to counter “tech containment” from the Hegemon as much as its ultimate goal is to wrest tech supremacy from its prime competitor.

Beijing simply cannot allow itself to be vulnerable to U.S.-imposed tech choke points and supply chain disruptions. So short-term economic problems will not be causing sleepless nights. The Beijing leadership is always looking ahead – focusing on long-term challenges. Beijing will continue to steer the economic development of Hong Kong and Macau, and invest even more in the crucial Greater Bay Area, which is the premier southern China high tech, services and finance hub. Taiwan of course was central to the work report; Beijing fiercely opposes “external interference” – code for Hegemon tactics. That will become even trickier in May, when William Lai Ching-te, who flirts with independence, becomes president. On defense, there will be only a 7.2% increase in 2024, which is peanuts compared to the Hegemon’s defense budget now approaching $900 billion: China’s stands as $238 billion, even as China’s nominal GDP is approaching the U.S.

A great deal of China’s defense budget will go for emerging tech – considering the immensely valuables lessons the PLA is learning out of the Donbass battlefield, as well as the deep interactions part of the Russia-China strategic partnership. And that brings us to diplomacy. China will continue to be firmly positioned as a champion of the Global South. That was made explicit by Foreign Minister Wang Yi in a press conference on the sidelines of the National People’s Congress. Wang Yi’s priorities: to “maintain stable relations with major powers; join hands with its neighbouring countries for progress; and strive for revitalisation with the Global South”. Wang Yi once again stressed that Beijing favors an “equal and orderly” multipolar world and “inclusive economic globalization”. And of course he could not allow U.S. Secretary of State Little Blinken – always out of his depth – to get away with his latest “recipe”: “It is impermissible that those with the bigger fist have the final say, and it is definitely unacceptable that certain countries must be at the table while others can only be on the menu.

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“..what “capital” is? (Real wealth, not figments, wishes, bets, and hallucinations. . . hard things like good land, ore pockets, installed machinery, railroad tracks, and so on. . . .)”

Twilight of the Blobs (Jim Kunstler)

[..] in all the ongoing debates about the wonders and dangers of A-I, and Bitcoin, and suffocating surveillance, nobody ever talks about the sketchy condition of the electric grid that all these worrisome phenomena utterly rely on. In our chatter over Peak Oil, there’s little awareness of oil production’s utter dependence on steady capital flows. In all the guff about centralized control emitted by Klaus Schwab and his World Economic Forum, there’s no mention of the centrifugal forces driving human affairs to re-localization, dis-aggregation of large states, and down-scaling of many activities. In our zeal to become Gods, we miss a lot. Imagine: Bitcoin shoots up to a million dollars. You’re a zillionaire! Uh Oh. . . somewhere outside Zaneseville, Ohio, a squirrel takes a final chaw through some old insulation on a wire coming out of a transformer. His head blows up in a blue arc flash, and in a few seconds all the electricity goes out from Chicago to Boston.

It turns out that seventeen substations in ten states have blown relays, transformers, and switchgear. Some of those components were forty years old and are now manufactured twelve thousand miles away in a country that doesn’t like us anymore. The replacement parts get held up in a Chinese port. The power doesn’t come back on for weeks. Nobody who lives in the eastern USA can get to his Bitcoin wallet, which is just a virtual entity made of computer code residing in a digital “cloud,” i.e., nowhere real. Of course, in an event that bad, a lot of other things would fail — really just about everything that comprises modern life — but for sure you could kiss your Bitcoin goodbye, perhaps forever, because by the time the juice comes back on (if it even does), nobody will ever again want to invest their wealth in digital “money” they can’t access, and Bitcoin will go back to whence it came: zero.

Likewise, the financial system we depend on is a gigantic apparatus grown extremely janky from over-elaboration and hyper-complexity — to the degree that all kinds of things denoted as having “moneyness” are simply hallucinations of the markets that trade them. How many quadrillions of dollars do “derivative” financial instruments represent on the landscape of “money” these days? Most of these things amount to little more than bets that some number — an interest rate, a currency, a revenue flow — will change either up or down. That is, they are figments.

Under Modern Monetary Theory (MMT), the evolution of figments can theoretically go on forever. Derivatives can be ever more abstracted from what they purport to represent, until they fly up the system’s cloacal vent. MMT has become popular economic dogma, but its theory remains to be substantiated. Since the formula relies on the unlimited “printing” of money by central bank proxies for governments, you might bet that something will go wrong with such a system — and it kind of looks like something is about to go wrong in the system we’ve built for regulating and distributing capital. And do we need to state what “capital” is? (Real wealth, not figments, wishes, bets, and hallucinations. . . hard things like good land, ore pockets, installed machinery, railroad tracks, and so on. . . .)

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Rogan Musk

 

 

Haiti

 

 

Mom
https://twitter.com/i/status/1767536784575959419

 

 

Bearded vulture

 

 

Orca

 

 

Plenty fish

 

 

Cubs

 

 

Pharaoh

 

 

Italian society
https://twitter.com/i/status/1767360701226435007

 

 

 

 

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Aug 282020
 
 August 28, 2020  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , , , , , ,  13 Responses »


Frans Hals Two Laughing Boys with a Mug of Beer 1626 (stolen 3rd time yesterday)

 

Pelosi Says There Shouldn’t Be Any Debates Between Biden And Trump (Hill)
Trump Denounces Riots, Cancel Culture, Failed Political Class In Speech (RT)
61 Million Americans Have Stopped Commuting (ZH)
WHO Skips Wuhan During China Trip; “Sat In Beijing For Three Weeks” (ZH)
US Imposes Sanctions On Russian Institute That Developed COVID19 Vaccine (GZ)
Germany Imposes Fine For All Non-Mask Wearers In New National Crackdown (ZH)
The Fed Policies Have Become Part Of The Problem (ZH)
Subprime Mortgages Fall Massively Delinquent (WS)
Shinzo Abe, Japan’s Longest-Serving PM, Resigns Due To Health Issues (RT)
Laura Ravages Louisiana Coast With Wind Speeds Not Seen In A Century (Hill)

 

 

260,000 reads for yesterday’s Are The Tables Starting To Turn? on Zero Hedge alone so far.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nancy’s 80, and she’s losing again, in her final battle. When saying things like this, she will be seen by many people as a sore loser. Not by those who follow her anyway and anywhere, but by the undecideds. The polls say her party is losing those people. And she’s right, Biden will be hammered, but running away is not a viable option.

Most of all, if you ask me, Biden and Pelosi just look like very old and bitter people. Look at Biden!

Pelosi Says There Shouldn’t Be Any Debates Between Biden And Trump (Hill)

Speaker Nancy Pelosi (D-Calif.) said Thursday she doesn’t think there should be any presidential debates ahead of the November election, arguing Democratic presidential nominee Joe Biden shouldn’t “legitimize” a discussion with President Trump.“I don’t think that there should be any debates,” Pelosi told reporters. “I do not think that the president of the United States has comported himself in a way that anybody has any association with truth, evidence, data and facts.”“I wouldn’t legitimize a conversation with him nor a debate in terms of the presidency of the United States,” she added.


“I think that he’ll probably act in a way that is beneath the dignity of the presidency,” she said, citing what she called his “disgraceful” actions during the 2016 debates with former Secretary of State Hillary Clinton. “He does that every day,” she added. “But I think he will also belittle what the debates are supposed to be about.” Instead, Pelosi proposed that the candidates take separate stages and answer questions about their policies in a “conversation with the American people” instead of “an exercise in skulduggery.” But she acknowledged that the Biden campaign “thinks in a different way about this.”

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Take from RT. I’m pretty sure CNN’s take is slightly different.

Trump Denounces Riots, Cancel Culture, Failed Political Class In Speech (RT)

Speaking at the finale of the Republican National Convention, President Donald Trump doubled down on American exceptionalism and once again painted himself as an outsider fighting the Democrats and the entrenched establishment. The speech went on for over an hour, much longer than Joe Biden’s address a week ago at the Democratic convention. But whereas Biden spoke in an empty auditorium in Milwaukee, Trump spoke outside the White House, in the wilting heat of late summer in Washington, DC – and in front of more than a thousand people. In the absence of a formal party platform, Trump defined the Republican position for 2020 as undoing the damage done by the establishment; defending law and order from mobs and anarchy; fighting ‘cancel culture’ and making American great(er) again.

Though the tone of it was uneven – at times a campaign rally, at other times sounding like a State of the Union – and Trump was visibly running out of steam by the end, the underlying message was crystal clear. Time and again, Trump hammered Biden and the Democrats on the difference between their accomplishments during decades in power, and his over just one term. “We have spent the last four years reversing the damage Joe Biden inflicted over the last 47 years.” Trump painted Biden and the Democrats as globalists beholden to China economically, destroying American jobs and industries, opening the borders and starting endless foreign wars – which he was trying to end.

“How can Joe Biden claim to be an ally of the light, when his own party can’t even keep the lights on?” Trump joked, bringing up last week’s power outages in California – but it was also a dig at the theme of Biden’s speech last week, and the efforts by the media to accuse Republicans of being “dark and divisive.” “At no time before have voters faced a clearer choice between two parties, two visions, two philosophies, or two agendas,” Trump said. “This election will decide whether we save the American dream or whether we allow a socialist agenda to demolish our cherished destiny.” Democrats, Trump argued, see America as a wicked nation that must be punished for its sins, with giving them power as the only path to redemption. Yet Republicans – and most Americans, he argued – look to god for salvation, not politicians.

[..] Throughout, Trump cast himself as the outsider who left behind his comfortable life to battle the “failed political class” in Washington. He has done so with mixed success, dealing with brutal political intrigue, hostile media, endless lawfare, congressional gridlock, the ‘Russiagate’ probe and even an impeachment. But as he himself quipped, pointing to the White House, “we’re here and they’re not.” Even after four years of that, and an hour in the brutal heat of an August evening, Trump seemed ready, even eager, for more. Democrats may have believed the media and the polls to think this election was in the bag, but it isn’t – not by a long shot.

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I’m trying! I am! I’m trying to feel stupid for thinking that it’s great we finally found a way to make people NOT drive a car an hour+ every day that is 20x their weight and uses less than 10% of the energy effectively that moves it forward. I’m trying to feel stupid because, I know, the economy!

61 Million Americans Have Stopped Commuting (ZH)

A new survey from ValuePenguin.com, commissioned by LendingTree, found 61 million Americans have stopped commuting to work due to the virus-induced recession. The reduction of motor vehicles on highways will result in deep economic scarring across the entire economy. “The coronavirus has upended nearly every aspect of life in the United States, and Americans’ driving behavior and commutes are no exception. ValuePenguin surveyed drivers to see how their habits have changed. We found a large number of drivers are no longer commuting to the office, whether because they are working from home or have lost employment due to COVID-19.” -ValuePenguin. The survey found three in 10 respondents with motor vehicles are no longer making the daily commute to work in a post-COVID-19 world:


“About three in 10 consumers with a motor vehicle said they no longer have a commute due to COVID-19, either because they’re working from home (19%) or they temporarily or permanently lost their jobs (10%). On the other hand, 26% are back to their daily commute as of August, including essential workers (17%) and those whose employers reopened their offices (9%). (The remainder don’t have commutes either because they worked from home prior to the pandemic, or they were not working prior to the pandemic.)” -ValuePenguin [..] The decline in travel has resulted in respondents making fewer trips to the gas pump. Almost a third said they’re driving every day, compared to 50% of drivers pre-pandemic. The number of respondents who fill up their tanks every week dropped by 26% in August versus before the pandemic.

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Can we close them down now, finally? I get the point behind having a global health organization, but this is not that point. The WHO should have loudly denounced not being able to access Wuhan a long time ago.

WHO Skips Wuhan During China Trip; “Sat In Beijing For Three Weeks” (ZH)

A delegation from the World Health Organization tasked with investigating the origins of COVID-19 failed to go to Wuhan, China – ‘ground zero’ for the pandemic, and instead “sat in Beijing for three weeks” according to a senior US official, who told the Financial Times that Western governments are skeptical over China’s commitment to identifying the origins of the pandemic. “Any chance of finding a smoking gun is now gone,” the official continued. Though we’re not sure what any team of investigators would find after China blocked international epidemiologists for eight months after the outbreak began. Australian MP Dave Sharma told the Times: “The international community is right to have serious concerns about the rigour and independence of the WHO’s early response to this pandemic, and its seeming wish to avoid offending China.

“If this allegation is proven, it is another disturbing incident of the WHO — which is charged with safeguarding global public health — putting the political sensitivities of a member state above the public health interests of the world, in the critical early stages of this pandemic. We are all now bearing the immense costs of such a policy.” The WHO, meanwhile, says that the three-week visit was ‘merely laying the groundwork in advance of a full international mission,’ but gave no indication when this might happen. “After initially bristling at calls from Australia, the US and other countries for a probe into the outbreak, which has claimed more than 800,000 lives, Chinese president Xi Jinping in May endorsed a WHO-led inquiry.

But the WHO resolution “to identify the zoonotic source of the virus and the route of introduction to the human population” — which was backed by more than 130 countries — has been dogged by concerns over transparency and access.” -Financial Times. “A two-person WHO team has recently concluded its three-week assignment in China to lay the groundwork for an investigation into the source of the virus. This was in advance of the full mission, therefore, there are no ‘results of the WHO’s recent mission’ to share.”” said the UN agency in a statement last week.

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Like Russia cares. But shouldn’t we seek cooperation in things like this?

US Imposes Sanctions On Russian Institute That Developed COVID19 Vaccine (GZ)

The Russian government announced this August that it had registered the world’s first Covid-19 vaccine, called Sputnik V. Sputnik V was developed by the Russian Health Ministry’s Gamaleya Research Institute of Epidemiology and Microbiology. This scientific facility created the vaccine in a joint research project with the Russian Defense Ministry’s 48th Central Research Institute. On August 27, the US Commerce Department imposed sanctions on Russia’s 48th Central Research Institute, blacklisting the scientific body. While Russia took a state-led approach to create a coronavirus vaccine, the Trump administration announced a “public-private partnership” in May.


The program, called “Operation Warp Speed,” saw the US government dole out billions of tax dollars to Big Pharma companies. The Trump administration awarded massive contracts to private corporations like Novavax, Pfizer, and Moderna, while Trump reportedly offered “large sums of money” for exclusive rights to a vaccine being developed by a German firm so it could be sold for profit. But the US public-private partnership was unable to develop a vaccine before foreign countries with government-led research efforts did. Besides Russia, a state-owned Chinese company says its vaccine will be ready by the end of 2020, while Cuba is doing clinical trials for a vaccine of its own.

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It would really help to know what this mask mandate entails. Does it include people outside? In their own homes? These are important details.

Germany Imposes Fine For All Non-Mask Wearers In New National Crackdown (ZH)

It should surprise nobody that this happens first within the EU. While much of the world takes to mask-wearing more out of a social and health consciousness “most people are on board” type attitude, the government of Germany has announced fines as punishment for people not wearing them. Chancellor Angela Merkel announced during a virtual meeting Thursday with state governors that almost the entire country will be under a 50 euros minimum ($59) fine for breaching the national mask mandate. After the meeting it was announced that all federal states except the east’s Saxony-Anhalt agreed on setting a minimum fine. In her comments Merkel also urged Germans to stay home “wherever it is possible” and avoid traveling to “hot spots” like the United States. Berlin also agreed to impose a strict limiting on gatherings.


Not only have many major public events been canceled outright, but police are enforcing a ban on private parties of more than 25 persons. Large public events will not return until 2021. The new stringent measures including the mask fines go into effect by the end of the day Thursday. This also as most German schools are now back in session, though there’s been a handful of closures due to new coronavirus cases. It’s part of a broader initiative proposed by German health officials to crackdown on people flouting social distancing measures amid the pandemic, even though in recent weeks authorities say coronavirus clusters are due mainly to incoming vacationers. Germany’s confirmed COVID-19 numbers have been on the whole relatively low compared to other Western nations, at about 240,000 out of a population of 83 million.

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You sure it shouldn’t read they ARE the problem?

The Fed Policies Have Become Part Of The Problem (ZH)

In one of the most overt criticism of the Fed we have read to date, [Rabobank’s Philip] Marey writes that “while the Fed’s step to make the inflation target “more” symmetric may benefit the wages of the average American somewhere beyond 2022, it does not really address the deeper problem with the role the Fed is playing in the US economy. It could be argued that the Fed’s policies have become part of the problem, instead of the solution.” And, as the Rabobank strategist suggests, “at least this should be a topic for debate in the FOMC, instead of talking a whole year about whether to use an average or not.”

To this all we would add is that the Fed should take a long, hard look at its prefered metric of core PCE: as we have repeatedly explained in recent years, the Fed continues to purposefully undercount inflation, and on top of that, it now has openly said it will disregard the politically palatable core PCE/CPI number just so it can continue blowing an asset bubble of epic proportions. It was Marey’s conclusion however that was the piece de resistance:

“The much deeper problem for the US economy is the asymmetric impact of Fed policies on households and businesses. The Fed’s monetary and regulatory policies have contributed to a form of capitalism where the rewards are going to the 1% and the risks are borne by the 99%. The current crisis response has made it painfully clear again that the Fed’s policies benefit high income individuals and large corporations, while small businesses and low income individuals bear the burden. While the Fed likes to see itself as part of the solution to America’s economic problems, it should ask itself whether it is also part of these problems.”

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The amounts of leverage everywhere in the system makes a price decline of 10-20% an absolute catastrophy.

Subprime Mortgages Fall Massively Delinquent (WS)

The Federal Housing Administration (FHA) prides itself in insuring subprime mortgages with, as it says, “low down payments,” “low closing costs,” and “easy credit qualifying” – all true. Of its active portfolio of 8 million mortgages that it insures, 17% were delinquent in July, the highest rate in FHA history. In many metros, the delinquency rates of FHA mortgages are above 20%; and in two metros, the delinquency rates exceed 27%. The delinquency rates include mortgages that were delinquent and then entered a forbearance agreement with the lender, where the lender agreed to not pursue its rights due to nonpayment of the mortgage.

During the term of forbearance – six months, under the CARES Act, extendable by another six months – the borrower isn’t making payments, but the missed interest and principal payments are added to the mortgage balance and will need to be paid somehow. A FICO credit score below 620 is considered “subprime.” The FHA insures mortgages of borrowers with credit scores well below that. • If the borrower has a credit score of at least 580, the FHA will accept down payments of only 3.5%. • If the FICO score is below 580, no problem, but then down payment is 10%. Many of the people whose mortgages the FHA insures have lost their jobs or had had their hours or work reduced. In terms of the lenders, the good thing is that they don’t carry the risk. The FHA and thereby the taxpayer carry the risk.

In terms of the taxpayer, the good thing is that home prices have risen in many markets in recent years, and are rising there right now, and that many fallen-behind homeowners can sell their home and pay off the defaulted mortgage with the proceeds from the sale, and maybe have a little cash left over. And if the home goes into foreclosure because the proceeds wouldn’t have been enough to pay off the mortgage, the losses would be relatively small. The widespread home price declines that occurred during the subprime crisis of Housing Bust have not happened yet. And that’s why at the moment no one is panicking about these sky-high delinquency rates. But when millions of homeowners cannot make the mortgage payments and have to put these millions of homes on the market – forced sellers – they trigger a sudden surge of supply of homes for sale, and the entire supply-and-demand equation, and thereby the pricing environment, are going to change.

Read more …

No more Abenomics would be a plus.

Shinzo Abe, Japan’s Longest-Serving PM, Resigns Due To Health Issues (RT)

Prime Minister Shinzo Abe, who led Japan for eight consecutive years, has said he is stepping down hours after he informed his ruling coalition that he was suffering from health issues. Explaining his decision earlier in the day, Shinzo Abe said he feared the illness would affect his decision-making. “I will not be able to make proper judgments due to illness,” the outgoing premier clarified, as quoted by Kyodo news agency. Abe has been suffering from ulcerative colitis, an inflammatory chronic disease, for many years. The prime minister himself revealed that his condition started to worsen around the middle of the last month, possibly prompting him to consider stepping down.


Moving on, Abe apologized “from the bottom of my heart” to his fellow countrymen, adding that he didn’t want his resignation to cause trouble for Japan’s domestic politics. With his eyes getting misty, the prime minister said it is now up to the Japanese to judge his legacy. He noted that his administration had created four million jobs while keeping the economy going. Meanwhile, local media reported that he will continue to serve as prime minister until a new leader is chosen, thus avoiding the need to appoint an acting premier. Abe’s ruling Liberal Democratic Party (LDP) is reportedly set to arrange a leadership election next Thursday.

Read more …

Seems to have been okay so far?!

Laura Ravages Louisiana Coast With Wind Speeds Not Seen In A Century (Hill)

Hurricane Laura made landfall as a powerful Category 4 hurricane early Thursday morning packing 150 mile-per-hour winds and bringing a storm surge with the potential to inundate coastal areas of western Louisiana to the Texas border with up to 20 feet of water. Laura made landfall around 1 a.m. near Cameron, La. The 400-person community is more than 30 miles east of the Texas border. Around 7 a.m. CDT, the storm was centered near Leesville, La., roughly 100 miles north of the Gulf Coast. The storm ties with a hurricane from more than 160 years ago as the strongest storm to hit the region. A hurricane called “Last Island” made landfall in Louisiana as a Category 4 storm with 150 mph winds in 1856, according to CNN.


Laura weakened to a Category 2 hurricane after making landfall but still packs sustained winds of more than 100 mph and will continue to produce heavy rain and flash flooding that are not expected to recede for several days. Government officials had warned people to find safety and get out of harm’s way as the storm approached. More 500,000 people in the storm’s path in coastal Texas and Louisiana were under evacuation orders, although as many as 150 people in Cameron Parish, where the hurricane came ashore, ignored the orders and were unreachable as of Thursday morning, according to The Associated Press. “This is a time for all of us to be praying for the best, while we’re prepared for the worst. God bless you and your families,” Louisiana Gov. John Bel Edwards (D) tweeted just before the storm made landfall.

Read more …

 

 

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Aug 272020
 
 August 27, 2020  Posted by at 1:16 pm Finance Tagged with: , , , , , , , , , , , ,  9 Responses »


Leon Levinstein Head of Man with Hat and Cigar c1960

 

 

A Pew Research Center poll that’s already a month old (and a lot happened since) concluded that violent crime is a major issue according to 59% of voters (almost as much as coronavirus): 74% of Republicans and 46% of Democrats. But during the DNC, held after the poll was already out, the issue wasn’t addressed at all. Democrats talked about police violence, but not riot violence.

At this week’s RNC, this situation is -of course- very different. The DNC pushes the GOP into the role of the party of law and order, and they’re all too willing to take up that role. But I was wondering about something else, or “bigger”, this morning. That is, Joe Biden et al are very light on policies, because in their view their most important issue is to get people to vote *against* Donald Trump, rather than *for* Biden.

And I’m thinking maybe that’s starting to boomerang, to blow up in their faces, whether perhaps people are beginning to lean towards NOT voting for Joe Biden, instead of NOT voting for Donald Trump, “at any cost”. In that context, it appears telling that according to a new Reuters/Ipsos poll, Biden saw no “convention poll bounce” in his numbers after the DNC, while ironically, Trump did.

Whereas according to a Zogby Analytics poll, Trump’s job approval numbers are now at record high levels. And I know polls -and pollsters- can be biased, and so can the press quoting them, but to see three in a row, Reuters/Ipsos, Rasmussen, Zogby, all reporting similar movement, may still be significant.

Trump Job Approval Rating Hits Record At 52%

Buoyed by blacks and independent voters, as well as urban dwellers shocked by the Black Lives Matter protest violence raging in some cities, President Trump’s approval rating has hit a new high, according to a survey heavy with minority voters. The latest Zogby Analytics poll just shared with Secrets had Trump’s approval at 52%. “The president has recorded his best job approval rating on record,” said pollster Jonathan Zogby.


What’s more, his approval rating among minorities was solid and, in the case of African Americans, shockingly high. Zogby said 36% of blacks approve of the president, as do 37% of Hispanics and 35% of Asians. Approval among independent voters is also up, to 44%. And “intriguingly,” said Zogby, 23% of Democrats approve of Trump.

It was the latest to show that Trump’s approval went up during the Democratic National Convention. Rasmussen Reports had it at 51% at the end of the convention. In a shock from past election years, Joe Biden got no convention poll bounce, according to a newly released Reuters/Ipsos poll. [..] Zogby, in his analysis, took a stab at the reasoning. First, he said, his and other polls are confirming that the nation is nearly evenly divided politically and that despite some showing a big Biden lead, the race is extremely close.


He suggested that the battle is for the “10%-20%” who haven’t made their minds up on whom to vote for and who likely won’t make up their minds until Election Day, just like in 2016. “We are as polarized a nation, on a level not seen since the Civil War,” said Zogby. He also said that the violence playing out in cities such as Kenosha, Wisconsin, and Portland, Oregon, are pushing urban voters to Trump.

A fresh Rasmussen poll about Biden’s lead in the polls (which reached double digits not long ago), indicates that there’s not much left of that lead. That, but the way, is similar to a CNN poll a number of weeks ago. Significantly, Rasmussen suggests that: Even if Biden’s now-slim lead in the polls were to remain frozen as of today, Trump would still have a clear path to an electoral college victory.

Biden’s Polling Lead Has Collapsed

Just a month and a half ago, Rasmussen Reports had Joe Biden 10-points ahead of President Donald Trump in the polls. Now he’s only ahead by one point, within the margin of error. Even if Biden’s now-slim lead in the polls were to remain frozen as of today, Trump would still have a clear path to an electoral college victory, as Hillary Clinton lead Trump in the popular vote by just over two points in the 2016 election. While it is impossible to know the exact reason (or reasons) for Biden’s polling collapse, it comes as the economy continues to rebound from the coronavirus, riots continue to ravage liberal run cities longer than anyone expected (to no condemnation from Joe Biden and Kamala Harris)..


[..] Rasmussen was among the closest mainstream pollster in approximating the popular vote in the 2016 election. Rasmussen had Hillary Clinton up 1.7 points over Trump on election day 2016, while she ended up winning the popular vote by 2.1 points above him (48.2% vs. 46.1%). The Real Clear Politics average of polls had Hillary up for six points. Unlike the other polls, Rasmussen correctly saw Trump had a path to victory in the electoral college.

Rasmussen

 

And of course Don Lemon warned yesterday on CNN that Biden has to start addressing the riots, because by remaining silent he’s letting Trump run away with the issue. But it’s not entirely clear how Biden would do that: the Democrats have supported BLM and protesters -as well as rioters- in general for most of the year, and now they would have to turn against them?

The sports boycotts that yesterday came seemingly out of nowhere all at the same time, look like they’re well intentioned but too late. There is too much news, and there are too many videos, out there to keep portraying what’s happening in the streets of Kenosha and Minneapolis and many other cities, as a one-sided problem. There is violence on both, or even many, sides.

Tonight, Thursday August 27, it’s Donald Trump’s turn to address the RNC, and the entire press, the entire nation, will pay attention. Nobody feels they can afford not to. Almost half the country will already have their minds made up about what a terrible person he is, while the other almost half will think he’s doing great. It’s the “10%-20%” who haven’t made their minds up that he must reach, and given how the country feels about violence in the streets, he may well succeed in reaching quite a few.

For which he can thank the DNC. “Orange Man Bad” may have once looked to be a winning strategy, but by now it feels mostly a limiting one.

 

 

 

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Aug 262020
 
 August 26, 2020  Posted by at 9:43 am Finance Tagged with: , , , , , , , , , , ,  23 Responses »


Willem de Kooning Gotham News 1955

 

Wisconsin Governor Declares ‘State Of Emergency’ (ZH)
Hillary Clinton Says Biden Should Not Accept Results Of The 2020 Election (ET)
US Spy Plane Enters No-Fly Zone During Chinese Live-fire Naval Drill (SCMP)
Poisoning Navalny ‘Would Not Benefit’ Moscow – Russian Foreign Ministry (RT)
San Francisco “Pent-up Supply” Turns into Record Glut of Houses & Condos (WS)
Sacrifice for Thee, Vast Wealth for Me (Ben Hunt)
Dairy And Fat Could Save Your Life (Aus.)
Assange ‘In A Lot Of Pain’ Says Partner After Prison Visit (IE)
Hob The Llama And His Alpaca Pals Take Regular Streetside Walks (Stuff)

 

 

Just spent an entire morning filled with RNC videos and Kenosha riots. Be careful with that country of yours.

 

 

US daily new cases are holding on to their downward trend. But total cases are set to pass 6 million.

 

 

 

 

 

 

 

 

 

 

Spin

 

 

When is it going to stop? Not on November 4, that’s for sure.

Wisconsin Governor Declares State Of Emergency (ZH)

Wisconsin Governor Tony Evers declared a state of emergency on Tuesday, after the second wave of violent protests that rocked the city of Kenosha and the capital of Madison, after a video of police officers shooting an African American man named Jacob Black went viral on social media. The order proclaims a state of emergency in Wisconsin, directs state agencies to continue assisting the state response, and calls to state active duty additional elements of the Wisconsin National Guard to support first responders and protect critical infrastructure and cultural institutions. Evers first called in the national guard to respond to the looting and violence on Monday, and he delivered a statement on the situation earlier today.


In order to try to signal to the public that he’s ‘doing something’, Evers earlier called for a special session for the state legislature to consider police-reform bills that will hobble law enforcement in the face of riots and unrest, and as small business owners are forced to watch in disbelief as their livelihoods are destroyed, with no authorities there to stop it. Meanwhile, a petition demanding Evers “charge the cops who killed Black” has garnered half a million signatures.

Read more …

What use are elections when nobody accepts the results?

Hillary Clinton Says Biden Should Not Accept Results Of The 2020 Election (ET)

Former first lady and 2016 Democratic candidate Hillary Clinton said Joe Biden shouldn’t concede the election because the final results of the election will likely drag out due to mail-in ballots. “Joe Biden should not concede under any circumstances because I think this is going to drag out, and eventually, I do believe he will win if we don’t give an inch and if we are as focused and relentless as the other side is,” Clinton said in an interview on Tuesday. “I think that [Republicans] have a couple of scenarios that they are looking toward. One is messing up absentee balloting. They believe that helps them so that they then get maybe a narrow advantage in the Electoral College on Election Day,” she claimed.

“So we’ve got to have a massive legal operation, and I know the Biden campaign is working on that.” She went on: “We have to have our own teams of people to counter the force of intimidation that the Republicans and Trump are going to put outside polling places,” Clinton said, urging people to become poll workers in November. And even if you do concede, always blame the Russians? President Donald Trump said Monday that mail-in voting access is a politically motivated plan hatched by Democrats. “What they’re doing is using COVID to steal an election,” Trump said at the Republican National Convention. “They’re using COVID to defraud the American people, all of our people, of a fair and free election. We can’t do that.”

“Eighty million mail-in ballots they’re working on, sending them out to people that didn’t ask for them,” Trump added. “And it’s not fair and it’s not right, and it’s not going to be possible to tabulate, in my opinion.” Some political observers have said that a winner of the presidential contest might not be declared on Election Day due to mail-in voting delays. The mail-in voting push is designed to curb the spread of the CCP (Chinese Communist Party) virus. Trump, in recent months, has criticized mail-in voting efforts, accusing Democrats of trying to steal the election. House Speaker Nancy Pelosi (D-Calif.) earlier this week asserted in an interview that Trump is trying “to scare people from voting, to intimidate them by saying he’s going to have law enforcement people at the polls.” “But ignore him,” she said, “because his purpose is to diminish the vote, to suppress the vote.”

Read more …

The laws are not crystal clear.

US Spy Plane Enters No-Fly Zone During Chinese Live-Fire Naval Drill (SCMP)

The US has sent spy planes over a live-fire Chinese military drill – including a U-2 which entered a declared no-fly zone – triggering a protest from Beijing and heightening the risk of an armed conflict. The development followed weeks of increased US activity in the region, with numerous military jets and vessels deployed to keep a close watch on Chinese activity. The Beijing-based think tank South China Sea Probing Initiative said a US air force reconnaissance aircraft RC-135S flew across the South China Sea on Wednesday, during the Chinese military drill. But it said it appeared the plane was on a transfer, rather than a reconnaissance mission.

Chinese defence ministry spokesman Wu Qian said a U-2 reconnaissance jet flew without permission over the no-fly zone in the PLA’s northern military region, where the live fire drills were taking place. “It seriously interfered in normal exercise activities. It seriously violated the code of safe behaviour for air and sea between China and the US and international norms. It easily leads to misjudgment, or could even cause accidents in the sea and air,” Wu said. “The move was an obvious provocation. China firmly opposes such provocative actions and has lodged solemn representations with the US side.”

A source close to the Chinese military said the U-2 high-altitude reconnaissance aircraft came from a military base in South Korea, and flew over the Bohai Gulf where China’s aircraft carrier the Shandong was taking part in the exercise. China’s Maritime Safety Administration said live-fire exercises were being conducted in waters off the country’s northeastern coast, stretching from the Bohai Gulf to the Yellow Sea. In a statement, the US military said the U-2’s flight was “within the accepted international rules and regulations governing aircraft flights” and that Pacific air force personnel would “continue to fly and operate anywhere international law allows, at the time and tempo of our choosing”.

Read more …

Navalny is important only for the Russiagaters.

Poisoning Navalny ‘Would Not Benefit’ Moscow – Russian Foreign Ministry (RT)

Moscow does not stand to benefit from the alleged poisoning of anti-corruption activist Alexey Navalny, the Russian Foreign Ministry has said, noting the haste with which Western media and governments made the insinuation. The ministry issued a statement on Tuesday evening, following a meeting between Russian Foreign Minister Sergey Lavrov and US Deputy Secretary of State Stephen Biegun, during which the subject of Navalny was raised, among other issues. Lavrov pointed out the “suspicious haste” with which the narrative about Navalny’s alleged poisoning was picked up in Washington and Brussels and instantly compared to the “poisonings” of Alexander Litvinenko and the Skripals – which were blamed on Moscow before any investigations happened.

The question inevitably arises – who benefits from it? The Russian leadership clearly does not. The ministry added that accusations of a ‘cover-up’ made against the Russian doctors who first treated Navalny were untrue. “We consider deeply offensive the accusations of ‘covering up the truth’, directed from some Western capitals to the doctors in Omsk, who immediately rendered highly professional aid” to Navalny, the ministry said. “They gave the patient’s complete medical history to the team of German doctors,” the statement continued. “We hope that the German doctors will show the same professional approach and will not allow the results of their laboratory tests to be used for politicized purposes.”

[..] The European Union has already called for a “comprehensive investigation” of Navalny’s alleged poisoning. US Secretary of State Mike Pompeo seconded that on Tuesday, saying that “Navalny’s family and the Russian people deserve to see a full and transparent investigation carried out, and for those involved to be held accountable.” Dmitry Peskov, spokesman for Russian President Vladimir Putin, told reporters the German doctors were “rushing” to use the term poisoning, and that an investigation was premature. “There must be a reason for an investigation. At the moment, all you and I see is that the patient is in a coma,” Peskov told reporters. He added that any suggestions Putin was involved in Navalny’s condition were “hot air” and the Kremlin would not take them seriously.

Read more …

The most distorted market around these days?!

San Francisco “Pent-up Supply” Turns into Record Glut of Houses & Condos (WS)

We’re going to look at San Francisco’s housing market in two ways: The Case-Shiller Home Price Index released today, which lags months behind but provides good price-movement data for houses and condos; and near-real-time indicators. First the near-real-time indicators: “Active listings” in San Francisco skyrocketed by 137% year-over-year to 1,995 homes for sale in the week ended August 16, based on weekly data compiled by real-estate brokerage Redfin, from Multiple Listing Service (MLS) and Redfin’s own data. This is the biggest highest most stunning amount of inventory for sale since the very peak of Housing Bust 1 (chart via Redfin):

Note the normal seasonal surge in active listings after Labor Day through late October. But halfway into August, normally a slow time of the year when supply declines, supply instead exploded. This was “pent-up supply” that is now suddenly coming on the market. Redfin’s data set doesn’t go back to Housing Bust 1. But according to MLS data, the number of homes for sale in August now exceeds the peaks in August 2009 and August 2010 by about 10%, according to local real-estate site SocketSite. The number of condos for sale (1,160 condos, based on MLS data, net of all new sales and contract activity) is up by 230% from a year ago; and the number of single family houses for sale (390 houses) is up 110%. New listings jumped 124% from a year ago to 260 in the week ended August 16, according to Redfin data (chart via Redfin):

Read more …

How capitalism killed itself.

Sacrifice for Thee, Vast Wealth for Me (Ben Hunt)

Doug Parker, American Airlines CEO and Chairman of the Board, wrote a letter to his employees today that pretty much defines high-functioning sociopathy. [..] “Dear fellow team members, We respect and greatly appreciate the sacrifice these team members have made, and continue to make, for American and their fellow team members. Even with those sacrifices, approximately 19,000 of our team members will be involuntarily furloughed or separated from the company on Oct. 1.” [..] Know who’s not sweating the October 1 firing line? Know who’s surviving and thriving just fine, thank you very much? Doug Parker, that’s who.

Here are some fun facts about Doug Parker and his “leadership” of American Airlines since he became Chairman and CEO of the company in 2013, after its merger with US Airways. All of this (and more) can be found in a long note I wrote on the airline bailout back in March. From 2014 through 2019, Doug Parker pocketed more than $150 million in cash through his sale of 3.6 million shares in American Airlines. That’s in addition to the $50 million in stock he still owns (and net of the pittance that Doug has paid for all of these shares). That’s in addition to the $100+ million in cash salary and cash bonuses and deferred comp and stock options and incredible perks that Doug has received. Nope, cash comp and deferred comp are for suckers. Just ask Jamie Dimon.

These stock sales were particularly egregious in 2015 – 2016, where for a twelve month period Doug pocketed between $4 million and $11 million in stock sales per month, and again in 2018, when for a brief shining moment American Airline’s stock price went above $50. Wouldn’t you know it, Doug just happened to choose that moment to sell 437,000 shares of stock, more than twice as much stock as he had ever sold before and almost 5x the usual size of his stock sales. But surely, compensation like this is well earned. Surely, American Airlines has outperformed its competition, built a solid franchise, and delivered nice returns to its investors. LOL. Don’t call me Shirley. From 2014 – 2019, the same years that CEO and Chairman Doug pocketed $200 million in real money stock-based comp, American Airlines had *negative* free cash flow of $3.2 billion. And took on an additional $14 billion in debt. And bought back $13 billion of its stock.

Read more …

Go keto.

Dairy And Fat Could Save Your Life (Aus.)

You probably didn’t see that, a couple of weeks ago, a respected US scientific publication — the Journal Of the American College of Cardiology, no less — came out with a review of the literature saying there was no evidence that cutting saturated fats from your diet would help you live longer. And that eating more of the much-libelled lipids — found most abundantly in red meat and dairy — might help you avoid stroke. That you didn’t read about it is no surprise. It is one in a long list of trials, studies, reviews and meta-analyses that have found similar results and gone the same way — sunk without trace, ignored by the people who create our dietary guidelines.

This issue was brought into focus last month when eye surgeon Dr James Muecke, 2020’s Australian of the Year, wrote in the Canberra Times: “A flawed dietary guideline, which we have obediently and blindly followed for 40 years, is literally killing us. We’ve been encouraged to eat less fat and consume more carbs and yet we’ve never been fatter, our teeth never more rotten, and type 2 diabetes and its complications never more prevalent.” So what is Muecke talking about? Surely fat is bad, and saturated fat is worse. The JACC paper listed some of the recent papers to contradict these dietary certainties. There was the PURE (Prospective Urban Rural Epidemiological) study of 135,000 people from 18 countries on five continents.

It found that increased consumption of all types of fat (saturated, mono-unsaturated and polyunsaturated) was associated with lower risk of death and had a neutral association with CVD. By contrast, a diet high in carbohydrate was associated with higher risk of death. And those who ate the most saturated fat had lower risk of stroke, “consistent with the results from meta-analyses of previous cohort studies”. A newly-published study of 195,658 Brits over 10.6 years found “no evidence that saturated fat intake was associated with cardiovascular disease. In contrast, the substitution of polyunsaturated for saturated fat was associated with higher CVD risk.”

These are examples of epidemiology which can only prove associations, not causation. For that you need randomised trials, which are expensive and difficult. There have only ever been eight of them into the question of whether saturated fat will cause heart disease. The authors of the JACC paper looked at the six most recent systematic reviews and meta-analyses of those randomised trials. They wrote that the “results showed that replacing saturated fat with polyunsaturated fat has no significant effect on coronary outcomes or on total mortality.”

Read more …

Hasn’t seen his own kids in 6 months.

Assange ‘In A Lot Of Pain’ Says Partner After Prison Visit (IE)

Julian Assange’s partner has visited him in prison for the first time in almost six months, and said he looked much thinner than last time she saw him. Stella Moris took the couple’s two young children to meet their father, who is being held in Belmarsh Prison in south-east London, awaiting an extradition hearing on behalf of the United States government. Ms Moris and the WikiLeaks founder had to wear face masks and visors for the 20-minute meeting and were not allowed to touch each other. She told the PA news agency it was “incredibly stressful” but expressed relief at being able to visit him for the first time since March 22.

“We had to keep social distancing and Julian was told he would have to self-isolate for two weeks if he touched the children. “Julian said it was the first time he had been given a mask because things are very different behind the doors. “I could not see him very clearly because of the visors, but he looked a lot thinner. “He was wearing a yellow armband to indicate his level of prisoner status, and you could see how thin his arms were. “At least he got to see the children, even though he couldn’t touch them. The children were both calm – we all remained seated the whole time.”

[..] Gabriel, aged three, showed Assange how he could recite the alphabet and count, said his mother. Ms Moris said her partner is still suffering from a frozen shoulder, and had recently sprained his ankle. [..] “He is in a lot of pain,” she added. Ms Moris expressed concern about Covid-related health measures as Assange is transported to and from the court every day. She added that he has not had a face-to-face meeting with his legal team since lockdown began in March and only has limited access to the huge amount of paperwork generated by the case.

Read more …

Just a few old friends. Hob gives you the feeling he’s looking down on you even if you’re taller than him. He’s one cool dude.

Hob The Llama And His Alpaca Pals Take Regular Streetside Walks (Stuff)

Downtown Wellington might have Mittens, frolicking orca and a whale called Matariki – but one city suburb has a social-working llama on its Main St. Previously, Tawa was known for its women’s prison, a hedge crafted into the word ‘Tawa’ and its many churches. Now Stephen Mulholland, owner of Alpacas Rampant, has been taking his llama Hob for walks on a leash along Main St in the suburb – delighting and surprising locals. Mulholland said Hob, 14, a “laconic llama”, was brought in to keep his male alpacas in line. The naturally larger llama took the top spot in the pecking order, and prevented fighting. “When you have these testosterone-filled males, they can fight to the death … it keeps everything cruisy.”


Ross Giblin

Mulholland said he regularly takes Hob, “an exceptionally tolerant llama” for walks along Tawa’s Main St. The llama helped out with SPCA street appeals in the past, and has even worked with prison inmates, Mulholland said. “Hob the llama has actually been to Rimutaka Prison. He’s been places, done things.” Mulholland said one of the things he discovered walking his llama is that “a certain percentage of the population“ has no perception of their environment. “They walk right by a llama and don’t even notice. It does happen. I’m like, ‘how could you miss that?’.” But mostly he discovers people are truly delighted to see an out-of-the-ordinary animal trotting down the pavement. “I’ll take an hour in downtown Tawa and a lot of people will say ‘this has made my day’ … for a tiny amount of effort on my part, if I can make the day for a couple of dozen people, then that’s made Tawa, Wellington, a better place.”


Ross Giblin

Read more …

 

 

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Aug 252020
 


Robert Capa Model wearing Dior on the banks of the Seine, Paris 1948

 

Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)
UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)
Let’s Follow the History of Science Instead (AIER)
New York University To Implement Racial Segregation In Student Dorms (WSWS)
Is The Euro Living On Borrowed Time? (Brown)
Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)
Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)
1 In 3 Cars Worldwide Is Produced In China (ZH)
Greece, Turkey Heading For New Crisis (K.)
Biblical Travails (Jim Kunstler)
UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

 

 

Calling your political opponents “enemies of the state” is not done even in 2020 America.

 

 

 

 

 

 

 

 

 

 

 

 

Way over the line. There are still things you can’t say even in the 2020 US.

And you thought Biden was dementing…

Nancy, you’re 80. Call it a day.

Pelosi Calls Republicans ‘Domestic Enemies Of The State’ (ZH)

House Speaker Nancy Pelosi (D-CA) raged against President Trump and Congressional Republicans on Monday, telling MSNBC that they’re “domestic enemies” of election integrity and “enemies of the state.” Pelosi was speaking right after President Trump’s speech at the Republican National Convention, according to the Daily Caller. “We take an oath to protect and defend the Constitution from all enemies, foreign and domestic. And sadly, the domestic enemies to our voting system and honoring our Constitution are right at 1600 Pennsylvania Avenue with their allies in the Congress of the United States. But again, let’s just get out there and mobilize, organize, and not let the President deter anybody from voting. And again, support the postal system which is election central,” said the 80-year-old Democrat. “They’re doing everything they can; suppress the vote — with your actions, scare people, intimidate by saying law enforcement will be there, diminish the role of the postal system in all of this. It’s really actually shameful. Enemies of the state,” she continued.

Read more …

Perhaps this guy means well, but to conclude from the UK’s botched version of a lockdown that NO lockdown can work, takes away all his credibility. Phrasing matters.

And besides, buddy, you’re the government advisor here. Own it.

UK Lockdown Was A ‘Monumental Mistake’ And Must Not Happen Again (Exp.)

Lockdown will come to be seen as a “monumental mistake on a global scale” and must never happen again, a scientist who advises the Government on infectious diseases says.Mark Woolhouse said lockdown was a “panic measure” but admitted it was the only option at the time because “we couldn’t think of anything better to do”. But it is a crude measure that takes no accounts of the risk levels to different individuals, the University of Edinburgh professor said, meaning that back in March the nation was “concentrating on schools when we should have been concentrating on care homes”. The professor of infectious disease epidemiology said that the Government must now focus on increasing testing and striving to unlock society safely rather than restricting it further.

Prof Woolhouse OBE, a member of the Scientific Pandemic Influenza Group on Behaviours that advises the Government, said: “Lockdown was a panic measure and I believe history will say trying to control Covid-19 through lockdown was a monumental mistake on a global scale, the cure was worse than the disease. “I never want to see national lockdown again. It was always a temporary measure that simply delayed the stage of the epidemic we see now. It was never going to change anything fundamentally, however low we drove down the number of cases, and now we know more about the virus and how to track it we should not be in this position again.

“We absolutely should never return to a position where children cannot play or go to school. “I believe the harm lockdown is doing to our education, health care access, and broader aspects of our economy and society will turn out to be at least as great as the harm done by Covid-19.” He said that Sage, the government’s advisory board on dealing with Covid, needed to have members from a wider range of fields.

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And here’s another genius: “..our descendants will mock us for believing masks slowed viral transmission.”

No they won’t, unless they’re as stupid as he is. Lockdowns and facemasks prevent transmission, no science is more basic than that. But you do have to use them wisely.

If you send people out into the street with mandatory masks on, then yes, they don’t prevent anything. Because there is no risk of infection there. But put them in a cramped room for a period of time, and they are very effective.

What is it with these people, is it all just about hearing their own voices, credibility be damned? Some virus got to their brains?

I’m seriously starting to wonder where the virus causes the most damage. And it doesn’t appear to be either in care homes or classrooms, but in much smaller spaces.

Let’s Follow the History of Science Instead (AIER)

Democratic Presidential hopeful Joe Biden is only the most high-profile politician to promise voters that he will “listen to the scientists,” mandate masks, and shut down the economy again if they so advise. Even the humble members of the city council of Milledgeville, Georgia invoke “science” in four pages of “whereas-es” designed to justify a largely toothless mask mandate that directly contradicts a Georgia law against wearing masks in public (except for certain holidays, presumably to deter real crime) and the enforcement of which in some places in the city of 50,000 apparently hinges on the font size of a door notice. Strange times indeed, these. One wonders why we need to elect politicians at all if they will simply defer to “the” scientists. Ah, but there be the rub. Which scientists? They don’t agree on much, especially when it comes to the novel coronavirus and masks and such.


Should we listen only to “the” scientists on the government payroll? But then wouldn’t they essentially be unelected, unaccountable dictators? That sounds vaguely undemocratic. Sticky, this wicket! Plus, last time I checked, “the” scientists have no policy expertise in economics. Perhaps that does not matter as many economists also have no policy expertise in economics. Is that the role of politicians, then? To decide which type of scientists get to dictate in different policy areas? Perhaps Biden will listen to “the” economists on spaceship design or military tactics? I would pay good money to see that! (Seriously, it would be a horribly expensive boondoggle certain to raise my taxes.) Why is it so important to “listen to the scientists” anyway? Are they suddenly less fallible than previously? Is there any science to support that belief? Because let’s face it, “the” scientists have a pretty poor track record overall.

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I’m afraid I simply don’t understand the reasoning. Black students don’t want to explain about racism? But isn’t that sort of the whole point?

New York University To Implement Racial Segregation In Student Dorms (WSWS)

Since late June, the Office of Residential Life and Housing Services at New York University (NYU) has been working closely with a small, student-led task force to make racially segregated housing a reality in undergraduate student dorms. On July 20, Washington Square News, the weekly undergraduate student newspaper of NYU, published an article titled “Student-Led Task Force Calls for Black Housing on Campus,” in which it reported on the university’s willingness to help implement residential communities open solely to “Black-identifying students with Black Resident Assistants.” Since then, the university has officially given the project a green light, aiming to have NYU’s first segregated residential floor established by Fall 2021.

A little over two months ago, a recently organized advocacy group called Black Violets created an online petition demanding that the university “implement Black student housing on campus in the vein of themed engagement floors across first-year and upperclassmen residence halls.” In its petition, the group argues that “Too often in the classroom and in residential life, black students bear the brunt of educating their uninformed peers about racism.” African American students, the group states, desperately require a “safe space” where they can escape from students, staff and faculty of other races. There are over 20 Themed Engagement Communities at NYU, with themes ranging from film, literature and theater to technology, science and foreign languages. All floors are open to all students, who request residency on a specific floor prior to the start of the academic year.

The approval of a Themed Engagement Community open to students based on their race is new at NYU. However, it is not the first time that the Office of Residential Life and Housing Services has considered such a proposal. In 2002, an NYU senior submitted a plan to develop race-based housing for African American students, claiming that “such a housing program would unite African American students on campus” and better combat racial discrimination. This proposal was eventually rejected by the university after a brief review and discussion.

Now, despite signs of minimal support from the undergraduate student body—the online petition has garnered a mere 1,105 signatures out of the 26,733 total undergraduates currently studying at NYU—the proposal for race-based housing has been warmly welcomed by the university administration. There is nothing progressive about the establishment of racially segregated housing at NYU. It is irrelevant whether the segregation being implemented is voluntary or mandatory. Racial segregation, in all forms, is entirely reactionary. The vile argument advanced in the proposal is that all non-African American students, staff and faculty are, to varying degrees, hostile and dangerous to African American students. Their animosity stems from an inherent antipathy towards individuals of different races.

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“Investors” gamble on gold, they gamble on the euro. And they feel confident they’ll be able to get out on time. Basic, really. Pump trillions into “markets” and this is what happens.

Is The Euro Living On Borrowed Time? (Brown)

Given the way the euro has been rallying in the foreign exchange markets over the past three months, you would be forgiven for thinking the currency has become a beacon of stability in uncertain times. You couldn’t be further from the truth. The rebound in the euro is simply the flip side of the US dollar being undermined by growing uncertainty about the upcoming US presidential election in November and how the US authorities are coping with the coronavirus crisis. Global investors are simply taking time out from long dollar exposures, and euro bulls are simply filling a temporary void. It won’t last long. The euro is living on borrowed time and the deepening monetary muddle in Europe won’t help the currency once the dust settles on the US elections.

The euro looks overvalued and a prime target for an ambush later this year. Europe’s monetary pacesetter, the European Central Bank, seems to be fighting a losing battle, struggling to keep the European economy from slipping into a deeper recession. The more policy stimulus the ECB throws into the ring, the greater the damage to its monetary reputation, and to little avail so far. Despite close to 3 trillion euros of assets purchased so far under the ECB’s quantitative easing programme and interest rates steeped in negative territory, the economy of Europe is showing precious few signs of a return to normality. Europe’s three biggest economies, Germany, France and Italy, are all stuck in recession with little chance of output reaching pre-pandemic levels until 2022. Rumblings about throwing too much good money after bad are no surprise. The ECB’s defence is that it has no alternative, otherwise Europe might suffer an even worse fate.

Germany has given up the ghost on trying to control the ECB’s monetary excesses. There seems to be a palpable sense of “if you can’t beat them, join them” for the sake of presenting a united front and avoiding a damaging public row. In the pre-euro days, tough Bundesbank policies and the strong Deutschmark were solid anchors of the European monetary system, implacable yardsticks which helped other European countries govern their own performances. [..] The worry for markets is that the triple-A-rated ECB’s vaults are bursting with a surfeit of lower-quality debt from nations like Italy, Spain, Portugal, Greece and Ireland, countries which have required support in times of market stress in the aftermath of the 2008 crash. Like in the US subprime crisis, it’s fine while the charade lasts, but once confidence begins to wobble, that is where the danger lies.

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The Fed is going to try its hand at Abanomics?! Didn’t work for Japan. Remember, to raise inflation you need to raise the velocity of money. Which today meanns you have to raise the velocity of trillions of added dollars. Good luck with that.

Powell Set To Deliver Speech Changing How The Fed Views Inflation (CNBC)

History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this week to announce an unprecedented effort to crank it back up. Volcker, the Federal Reserve chairman from 1979-87, ushered through a series of inflation-busting interest rate hikes that dragged the country into recession but won the fight against pricing pressures and spurred a powerful economic recovery. Powell, the central bank chief since 2018, is likely to detail a set of measures aimed at pushing inflation higher amid a coronavirus pandemic that has dragged the U.S. economy into one of its darkest hours.

While the average consumer might find it absurd to want to raise the cost of living, central bankers and economists see too little inflation also as a problem. It often reflects a slow-moving economy with a low standard of living. On top of that, the accompanying low interest rates give policymakers little wiggle room when crises happen and there’s a need to loosen policy. That’s why Powell, who will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference, will outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. The speech is titled “Monetary Policy Framework Review” and wraps up a yearlong examination both among central bank officials and with the public, during a series of open events, on what policy should look like in the future.

“The expectations are pretty high to get something meaningful on Thursday,” said Tom Graff, head of fixed income at Brown Advisory. “This is probably a historic speech.” One phrase Powell is likely to use is “average inflation” targeting. Simply, it means that the Fed, which has pegged 2% as a healthy level, will let inflation run higher than that for a while if it has spent a considerable time beneath that level. The Fed’s preferred inflation gauge has stayed below that level for all but two years since the Great Recession ended in mid-2009. It’s a mirror-image reversal of Volcker’s inflation-busting and sets the stage for a pivotal policy move.

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“In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.”

Exxon Mobil Dropped From The Dow After Nearly A Century (CBS)

Exxon Mobil, which joined the Dow Jones Industrial Average in 1928, is being removed from the blue-chip stock market index. Its replacement: enterprise software company Salesforce.com. Also leaving the index are drug company Pfizer and airplane and defense contractor Raytheon Technologies. They are being replaced by biotech Amgen and manufacturing conglomerate Honeywell. S&P Dow Jones Indices, the company that administers the index, announced the changes, which will take place August 31, on Monday. The index provider said the changes were necessary to make up for Apple’s impending stock split, which becomes effective the same day.

The Dow Jones is a stock-price-weighed index. Apple’s stock split, which will take the company’s shares to roughly $120, from $500, would have cut the Dow’s exposure to the technology sector. Monday’s changes would also help the Dow “add new types of businesses that better reflect the American economy,” the index company said. Energy giant Exxon Mobil joined the Dow 92 years ago as Standard Oil of New Jersey, and it’s the oldest member of the index. The Dow’s last original member, General Electric, was removed in 2018. Exxon Mobil was the most valuable company in the United States for much of the early 2000s and as recently as 2011, when it hit a market value of just over $400 billion. Apple overtook Exxon in 2012, and much of the technology sector followed.

Earlier this month, Apple’s market value topped $2 trillion, making it the first U.S. company to reach that milestone. Meanwhile, Exxon’s market value has sunk to $175 billion. The company has been plagued in part by claims that it deliberately concealed the damage that the oil it has long extracted and refined into gasoline was doing to the planet. [..] In the 1980s, energy companies made up as much as a quarter of the Dow. After Exxon’s exits on Monday, energy will account for just 2% of the index.

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A loss of 40% in 5 years. Wow.

1 In 3 Cars Worldwide Is Produced In China (ZH)

Almost one in three – or 32 percent – of all cars produced worldwide in 2019 came out of China. As shown in numbers by the automobile manufacturers’ association OICA, the world manufactures less cars than it did in 2014, but, as Statista’s Katharina Buchholz notes, several Asian markets actually were able to grow their production volumes. India exhibited one of the biggest increases – almost 15 percent in five years to 3.6 million cars annually.


The biggest decrease in production hit the ailing U.S. car industry, which lost 40 percent of its domestic production between 2014 and 2019. Germany also make less cars at home, but German manufacturers like Volkswagen are a part of the rising Chinese production. In 2019, the Chinese market accounted for around 39 percent of Volkswagen’s total sales. Shifting production sites are only one aspect of the internationalization of the car industry. Know-how also migrates with production [..]

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Erdogan has ever less to lose. His popularity at home is decreasing fast, with the lira in the gutter. Greece’s friends better start raising their voices.

Greece, Turkey Heading For New Crisis (K.)

Just when it seemed that Greece and Turkey were entering a phase of de-escalation, the two countries appeared on Monday to be heading for another crisis in the Eastern Mediterranean. The decision by Ankara for an extension of the duration of exploratory activities by the Oruc Reis survey vessel in areas within the Greek continental shelf prompted a response by Athens with Tuesday’s aeronautical exercise that begins on Tuesday at dawn over a large area from the south of Kassos to the south of Kastellorizo. The exercise will take place in areas included in the navigational advisory, or Navtex, issued by Turkey for the Oruc Reis within the Greek continental shelf. The exercise will last until Thursday night.

Turkey’s move to extend the activities of the Oruc Reis essentially raises obstacles to the German mediation effort which continues on Tuesday with visits to both Athens and Ankara by German Foreign Minister Heiko Maas. Meanwhile, tensions were further augmented on Monday night by Turkish President Recep Tayyip Erdogan, who issued direct war threats against Greece, which he said is being “deceived” by other countries into pursuing the course of action it is taking. “When an issue arises in the future, then these forces will disappear and Greece will be left alone,” he said, adding that “from now on, Greece will be responsible for all conflicts in the region and it will be at a disadvantage.” He also described the aeronautical exercise announced by Athens as “useless” and dangerous for navigation.

Shortly before Erdogan’s remarks, Ankara announced new exercises off southern Crete for Tuesday morning, in an area several miles south of the prefecture of Lassithi. The area is located approximately on the borders described in the Turkey-Libya maritime borders memorandum. At the same time, Athens is building a network of important military collaborations, as joint exercises are also expected with French Rafale jets based in Cyprus.

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Conflicting stories about the violence. Kenosha was a hellhole again last night. At some point, Trump will have to act. And that’s what the Dems are hoping for.

Biblical Travails (Jim Kunstler)

Could the country even stand another full-on political convention after the Democrats’ nauseating extravaganza last week? The nation is so marinated in agitprop, disinfo, and straight-up mendacity that all the intelligence has been leached out of population, perhaps even the will to live. A Republican convention complete with the usual showboating might deplete the remaining oxycontin supply across the land as unemployed millions, mulling over rents overdue and unmet car payments, resort to vodka, Xanax, cough syrup, and airplane glue to quell the pain induced by unbridled political bullshit. As BLM might put it: “Know whum sayin’?

Speaking of BLM, Sunday one Jacob Blake, 29, was apparently shot in the back by police in Kenosha, Wisconsin, while getting into a car. The incident inspired a night of BLM rioting and looting in downtown Kenosha, with excellent prospects for violence to spread to other cities. Mr. Blake was hospitalized and survives, so far. He was not complying with police instructions in the process of his arrest. He had been previously arrested in 2015 and charged with brandishing a gun in a barroom. Upon his arrest then, the gun was found on the floor of his car. In the latest incident, Kenosha police were responding to a domestic abuse complaint. There was an active warrant out on Mr. Blake.

Also over the weekend, police in Lafayette, Louisiana, shot and killed 31-year-old Trayford Pellerin outside a convenience store he was entering while brandishing a knife. They had followed him from another convenience store in the vicinity where he “created a disturbance with a knife.” Mr. Pellerin apparently refused to comply with police orders to get on the ground. Ben Crump, a civil rights lawyer hired to represent the Pellerin family during the investigation into the shooting, said, “His family believes that he was suffering a mental illness crisis and what he needed was a helping hand. But what he got was what looks like 11 bullets.” His mother told the Associated Press that Mr. Pellerin had sought therapy for social anxiety.

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A line used so much people have become immune to it.

UN World Food Program Seeks To Prevent ‘Famine Of Biblical Proportions’ (ZH)

While virus cases and deaths dominate headlines, other humanitarian crises also need attention, that is, an emerging “famine of biblical proportions” that threatens much of the world, United Nations World Food Program (WFP) Director David Beasley told TASS News last weekend in an interview. Beasley said the WFP is requesting $5 billion in emergency funds within the next six months that will help in the effort to thwart a global famine. “All the data we have, including WFP’s forecast of an 80% increase in the number of food-insecure people – from 140 million before the pandemic to 270 million by the end of this year – points to a real catastrophe, a famine of biblical proportions, “he said.

The dramatic rise in the number of people who don’t have the means to feed themselves because of depressionary unemployment, supply chain breakdowns, and crop failures is set to cause long-term economic damage that could prevent a vibrant economic recovery. Beasley said, “it is clear that social tensions will escalate, migration will increase, conflicts will expand, and hunger can affect those who have not experienced it before.” Even in the US, a developed world economy, tens of millions of folks have gone hungry, now relying on government aid and food banks for survival. He noted that countries in the 2008 financial crash with a “stronger social protection system” were less impacted by famine.

WFP projections show significant increases in malnourished people in Latin America, countries in Eastern and Central Asia, and Sub-Saharan Africa, had a doubling of the number of people going hungry in a short period. “World hunger is already sky-high, and if we do not act immediately, many will die, children will suffer the consequences of malnutrition for many years to come, and the whole world will be thrown back, having lost all the gains in the fight against hunger of the last decade. Will be incredibly high, we need to act quickly and wisely, balancing immediate relief and long-term recovery,” Beasley said. He added: “WFP’s mission is to provide food to 138 million people in 2020, the largest humanitarian operation in history. And this unprecedented crisis requires an incredible amount of money.”

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