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Debt Rattle March 14 2025

Mar 142025
 
 March 14, 2025  Posted by at 10:12 am Finance Tagged with: , , , , , , , , , ,  50 Responses »


Pablo Picasso Rest (Marie-Thérèse Walter) 1932

 

• Trump ‘Would Like To Meet’ Putin (RT)
• Putin Lists Guarantees Moscow Wants For 30-Day Ceasefire (RT)
• Putin’s Statement On Trump’s Ukraine Ceasefire Proposal (RT)
• Moscow Banned Trump’s Ukraine Envoy From Peace Talks – NBC (RT)
• Zelensky’s Last Stand? Trump’s Push For A Ukraine Settlement (Kortunov)
• Zelensky In Political ‘Final Act’ — FT (RT)
• ‘A Ceasefire Only Benefits Those Who Are Retreating’ (RT)
• Is Putin Being Boxed In by Trump and Zelensky? (Paul Craig Roberts)
• US Deficit Sets Record With $1.1 Trillion In First 5 Months Of FY 2025 (JTN)
• Trump Demands ‘Military Options’ To Control Panama Canal (RT)
• Schumer Throws Contrived Tantrum After Caving To GOP (ZH)
• MTG-Led DOGE House Panel Urges DOJ To Investigate Recent Attacks On Tesla (JTN)
• EPA to Begin the ‘Biggest Deregulatory Action in US History’ (Moran)
• Investors Betting On Russian Return To Western Markets – Bloomberg (RT)
• EU Seeks To Intensify Immigrant Deportations (RT)
• Tariffs are Theft (Ron Paul)
• Clinton-Appointed Judge Slams Trump “Sham” (ZH)
• America and the EU Are Drifting Apart – Moscow Is Watching (Bordachev)
• A Conversation with Foreign Minister Lavrov (Larry Johnson)

 

 

 

 

Lutnick is impressive

White House Automall

Elon

Fox Elon

Bondi Patel

Artemis

Rogan DOGE

 

 

 

 

 

 

“They discussed NATO and being in NATO, and everybody knows what the answer to that is. They’ve known that answer for 40 years..”

• Trump ‘Would Like To Meet’ Putin (RT)

President Donald Trump has expressed his readiness to meet and speak with his Russian counterpart after President Vladimir Putin said Moscow was open to a US-proposed ceasefire in Ukraine but raised numerous questions about its practical implementation. The Russian president voiced support for a potential 30-day ceasefire in the Ukraine conflict on Thursday, but warned of loopholes and strategic disadvantages, outlining Moscow’s concerns over how such a truce could be enforced. “[Putin] put out a very promising statement, but it wasn’t complete. And, yeah, I’d love to meet with him or talk to him,” Trump told journalists during a bilateral press conference with NATO Secretary General Mark Rutte later in the day. Trump said the US has already discussed many details of a potential “final agreement” with Kiev and is now waiting to see “whether or not Russia is there.”

“We’ve been discussing land with Ukraine… pieces of land that would be kept and lost and all of the other elements of a final agreement. You know, we’ve been discussing concepts of land because you don’t want to waste time with a ceasefire if it’s not going to mean anything,” Trump said. “They discussed NATO and being in NATO, and everybody knows what the answer to that is. They’ve known that answer for 40 years, in all fairness.” Trump’s special envoy, Steve Witkoff, visited the Russian capital on Thursday to discuss the results of US-Ukraine talks in Saudi Arabia earlier this week and to relay Moscow’s position back to Washington. Witkoff was also expected to meet with the Russian president behind closed doors in the evening, but officials have yet to confirm whether the meeting took place or to provide details of his other interactions during the brief visit.

Earlier in the day, Putin stated that Russian troops were advancing along nearly 2,000 kilometers of the front line and warned that halting military actions would disrupt their momentum and give Ukrainian forces time to regroup. “These 30 days – how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units?” Putin asked. Enforcing a ceasefire over such a vast battlefield would be difficult, he added, and violations could easily lead to a blame game between both sides. Putin also mentioned that Ukrainian troops who invaded Russia’s Kursk Region in August 2024 are now cut off. “Are we supposed to let them out after they committed mass war crimes against civilians?” he said. The Russian leader suggested that further direct discussions with his American counterpart would be necessary to find a viable solution, but officials have yet to confirm any specific timeline for such talks.

Read more …

Russia delivers main ceasefire demands to US - Reuters

• No NATO membership for Ukraine
• No NATO ”peacekeepers” in Ukraine
• Ukraine is denazified/demilitarised
• The 4 Donbass regions are recognised as Russian territories plus Crimea

In exchange:
• Cease of all hostilities
• Peace and stability for Ukraine

• Putin Lists Guarantees Moscow Wants For 30-Day Ceasefire (RT)

Russian President Vladimir Putin has expressed support for a potential 30-day ceasefire in the Ukraine conflict but has raised concerns regarding how such a truce be implemented. Speaking on Thursday, Putin warned of potential loopholes and strategic disadvantages. “We also want guarantees that during the 30-day ceasefire, Ukraine will not conduct mobilization, will not train soldiers, and will not receive weapons,” Putin said during a press briefing with his Belarusian counterpart Alexander Lukashenko in Moscow. The president pointed out that Russian troops are advancing along nearly 2,000 kilometers of frontline, and halting military actions could disrupt ongoing operations. Ukrainian forces could use a ceasefire period to regroup, receive more weapons, and train fresh recruits, he warned.

“These 30 days — how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units? Or will none of this happen?” Putin asked. Enforcing a ceasefire over such a vast battlefield would be difficult, he added, violations could be easily disputed, leading to a blame game between both sides. Systems of “control and verification” to monitor a ceasefire are not in place but should be agreed. Putin also mentioned that Ukrainian troops who invaded Russia’s Kursk Region in August 2024 are now cut off. What is to be done with them in the event of a truce is unclear, he noted.

“Are we supposed to let them out, after they committed mass war crimes against civilians? Will the Ukrainian leadership tell them to lay down their arms, and just surrender?” Putin said. As of Wednesday evening, Moscow’s forces have regained control of 86% of the territory that was occupied by Ukrainian forces in August 2024, according to the head of the Russian General Staff, General Valery Gerasimov. Kiev’s remaining units in the area have been largely “encircled” and “isolated,” he claimed. Putin suggested that discussions with his American counterpart Donald Trump will be necessary to find a viable solution. “The idea of ending the conflict through peaceful means is something we support,” he stressed.

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It’s simply not that simple..

“Who will give orders to stop hostilities? And what is the price of these orders? Can you imagine? Almost 2,000 kilometers. Who will determine where and who broke the potential ceasefire? Who will be blamed?”

• Putin’s Statement On Trump’s Ukraine Ceasefire Proposal (RT)

Russian President Vladimir Putin confirmed on Thursday that Russia is ready to discuss a ceasefire but that the terms of such an arrangement should be clarified. Putin has said as far back as July 2024 that Moscow is not interested in short-term pauses but is ready to engage on addressing the causes of the conflict. Washington and Kiev both endorsed a 30-day temporary truce following a meeting between their respective delegations in Saudi Arabia on Tuesday. Here’s a full transcript of the Russian president’s response:

“Before I assess how I view Ukraine’s readiness for a ceasefire, I would first like to begin by thanking the President of the United States, Mr. Trump, for paying so much attention to resolving the conflict in Ukraine. We all have enough issues to deal with. But many heads of state, the president of the People’s Republic of China, the Prime Minister of India, the presidents of Brazil and South African Republic are spending a lot of time dealing with this issue. We are thankful to all of them, because this is aimed at achieving a noble mission, a mission to stop hostilities and the loss of human lives. Secondly, we agree with the proposals to stop hostilities. But our position is that this ceasefire should lead to a long-term peace and eliminate the initial causes of this crisis. Now, about Ukraine’s readiness to cease hostilities. On the surface it may look like a decision made by Ukraine under US pressure.

In reality, I am absolutely convinced that the Ukrainian side should have insisted on this (ceasefire) from the Americans based on how the situation (on the front line) is unfolding, the realities on the ground. And how is it unfolding? I’m sure many of you know that yesterday I was in Kursk Region and listened to the reports of the head of the General Staff, the commander of the group of forces ‘North’ and his deputy about the situation at the border, specifically in the incursion area of Kursk Region. What is going on there? The situation there is completely under our control, and the group of forces that invaded our territory is completely isolated and under our complete fire control. Command over Ukrainian troops in this zone is lost. And if in the first stages, literally a week or two ago, Ukrainian servicemen tried to get out of there in large groups, now it is impossible.

They are trying to get out of there in very small groups, two or three people, because everything is under our full fire control. The equipment is completely abandoned. It is impossible to evacuate it. It will remain there. This is already guaranteed. And if in the coming days there will be a physical blockade, then no one will be able to leave at all. There will be only two ways. To surrender or die. And in these conditions, I think it would be very good for the Ukrainian side to achieve a truce for at least 30 days. And we are for it. But there are nuances. What are they? First, what are we going to do with this incursion force in Kursk Region? If we stop fighting for 30 days, what does it mean? That everyone who is there will leave without a fight? We should let them go after they committed mass crimes against civilians? Or will the Ukrainian leadership order them to lay down their arms. Simply surrender. How will this work? It is not clear.

How will other issues be resolved on all the lines of contact? This is almost 2,000 kilometers. As you know, Russian troops are advancing almost along the entire front. And there are ongoing military operations to surround rather large groups of enemy forces. These 30 days — how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units? Or will none of this happen? How will the issues of control and verification be resolved? How can we be guaranteed that nothing like this will happen? How will the control be organized? I hope that everyone understands this at the level of common sense. These are all serious issues.

Who will give orders to stop hostilities? And what is the price of these orders? Can you imagine? Almost 2,000 kilometers. Who will determine where and who broke the potential ceasefire? Who will be blamed? These are all questions that demand a thorough examination from both sides. Therefore, the idea itself is the right one, and we certainly support it. But there are questions that we have to discuss. I think we need to work with our American partners. Maybe I will speak to President Trump. But we support the idea of ending this conflict with peaceful means.

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Kellogg is an ex-army guy, who comes in with pre-conceived ideas. “Not our kind of person, not of the caliber we are looking for.”

Witkoff is a business man.

• Moscow Banned Trump’s Ukraine Envoy From Peace Talks – NBC (RT)

Keith Kellogg, US President Donald Trump’s special envoy to Russia and Ukraine, has been barred from taking part in peace talks at Moscow’s request, NBC News reported on Thursday, citing sources. According to the report, Russian officials view Kellogg as too hawkish and “too close to Ukraine.” The retired US Army lieutenant general was absent from both last month’s Russia-US talks in Saudi Arabia and this week’s US-Ukraine talks in Jeddah. The White House also confirmed that Trump’s special envoy to the Middle East, Steve Witkoff, will attend the next round of negotiations with Russia instead of Kellogg. Witkoff arrived in Moscow late Thursday. “Kellogg is a former American general, too close to Ukraine,” an unnamed Russian official reportedly told NBC. “Not our kind of person, not of the caliber we are looking for.”

An official in the Trump administration reportedly confirmed that Moscow did not want Kellogg involved in the peace process. Another source claimed that Kellogg’s exclusion “stung” him. Neither Kellogg’s office nor Moscow have commented on the report. While Kellogg has supported Trump’s calls to end the Ukraine conflict, his views on achieving peace have not aligned with Moscow’s. He has backed continued US aid to Kiev, which Russia argues only prolongs the conflict, and advocated for freezing the conflict along the current front lines, which Moscow has rejected in favor of a lasting settlement. Kellogg has also pushed for using frozen Russian sovereign assets to rebuild and rearm Ukraine – an idea that Moscow has called theft.

In an interview with RT Russian on Wednesday, political analyst Malek Dudakov suggested that Kellogg could be permanently removed from negotiations following last month’s tense meeting between Trump and Vladimir Zelensky, which devolved into a shouting match after the Ukrainian leader pushed back against Trump’s demand for peace talks with Russia. This prompted Trump to accuse him of “gambling with World War III” before cutting the meeting short. The fallout reportedly delayed a key US-Ukraine rare-earth minerals deal and led to a temporary suspension of US military aid and intelligence-sharing with Kiev. “Basically, Kellogg was responsible for communication with the Ukrainian side, he instructed the Ukrainians, and we see that all this led to a grand failure. And now he will no longer participate in any new negotiations,” Dudakov told RT.

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“The EU establishment has spent years positioning itself as the defender of Kiev, and to be excluded from decisive negotiations would be nothing short of humiliating. However, this is precisely what is happening.”

• Zelensky’s Last Stand? Trump’s Push For A Ukraine Settlement (Kortunov)

As high-stakes diplomacy unfolds between the United States and Ukraine, one thing is clear: President Donald Trump has little personal sympathy for his Ukrainian counterpart, Vladimir Zelensky. Their last meeting at the White House in February only reinforced this reality, with Trump once again treating Zelensky with thinly veiled disdain. There are rational reasons for Trump’s attitude. Zelensky bet too heavily on Joe Biden, tying Ukraine’s fate to the Democratic party. When Biden’s second term never materialized, and Kamala Harris crashed and burned, Kiev was left without a reliable sponsor in Washington. Trump’s instincts – both personal and political – place him in direct opposition to figures like Zelensky, who, despite also being an unconventional political outsider, represents a style of governance fundamentally at odds with the US president’s worldview.

What is particularly striking is Trump’s open criticism of Zelensky, a direct violation of established diplomatic norms. The White House has even floated the idea of his resignation – a notion recently reported by the German media outlet Bild. According to these reports, Trump no longer sees Zelensky as a viable ally and is exerting significant political pressure to force him out. The administration has not denied these claims. However, gaining Trump’s approval is no easy feat. Among today’s political heavyweights, very few leaders have managed to earn his genuine respect. The capricious and ego-driven 47th president of the United States has little patience for the leadership class of the European Union, nor for the leaders of America’s immediate neighbors, Mexico and Canada.

Trump appears far more at ease with strong, authoritative figures who project power – leaders like Hungarian Prime Minister Viktor Orban, Turkish President Recep Tayyip Erdogan, Israeli Prime Minister Benjamin Netanyahu, and, most notably, Russian President Vladimir Putin. Yet, in politics – as in business – one does not always get to choose one’s partners. Throughout his career in the highly competitive and often ruthless New York real estate market, Trump had to engage with individuals with questionable reputations. In that sense, his approach to international politics is no different from his business dealings: pragmatism trumps sentimentality. Trump’s interest in Ukraine is not about personal affinity; rather, he views the country as an asset in which the US has made a substantial investment. While he did not personally decide to back Kiev, he now finds himself responsible for managing America’s stake in the conflict, and like any businessman, he wants a return on investment.

This is why Trump’s approach is not one of immediate disengagement. He is looking for ways to extract value – whether through Ukraine’s rare earth minerals, transport and logistics infrastructure, fertile black soil, or other material assets. He does not want to simply write it off as a sunk cost, at least not before attempting to recoup some of America’s losses. Thus, his administration is attempting to force Kiev into a settlement on terms dictated by Washington. This effort culminated in Tuesday’s meeting in Riyadh, where Trump’s negotiators presented Zelensky’s team with a stark choice: accept the US conditions – including a ceasefire or partial cessation of hostilities – or risk complete abandonment.

Before this crucial meeting, Zelensky reportedly sent an apology letter to Trump, attempting to smooth over the tensions which followed their embarrassing White House encounter. According to US special envoy Steve Witkoff, this was an effort to salvage what remains of Ukraine’s negotiating position. Trump remains deeply skeptical of Zelensky’s ability to deliver on any agreement. The Ukrainian president’s credibility has been severely undermined, and his capacity to negotiate on behalf of his country’s political elite is far from certain. After all, Trump has learned from past experience that promises made by Kiev do not always translate into action. Following the Riyadh meeting, Trump’s attention turned to the far more consequential issue: negotiations with Moscow. Unlike Zelensky, Putin is negotiating from a position of strength, which makes any agreement far more complex. The days when the West could dictate terms to Russia are long over, and Trump likely understands that his leverage with Moscow is limited.

If Trump can reach an understanding with Putin, then the next stage of this process will involve forcing Western European nations to accept the new geopolitical reality. For Washington’s European allies, who have invested heavily in Ukraine, this will be a bitter pill to swallow. The EU establishment has spent years positioning itself as the defender of Kiev, and to be excluded from decisive negotiations would be nothing short of humiliating. However, this is precisely what is happening. The bloc’s leaders, including European Commission President Ursula von der Leyen, have been reduced to spectators, offering empty declarations of support for Ukraine while having no real influence over the outcome of events. For them, a settlement brokered by Trump without their participation would be the ultimate confirmation of their diminishing role in global affairs. Worse still, much of Western Europe’s investment in Ukraine – both financial and political – will likely be lost. While the Biden administration at least attempted to keep European allies involved in decision-making, Trump has no such inclination.

His goal is to conclude a deal that serves American interests, and he is unlikely to show concern for the reputational damage this will inflict on the EU’s political elite. The situation now presents Trump with one of the biggest diplomatic challenges of his presidency. Unlike in business, where deals can be walked away from, geopolitical agreements have long-lasting consequences. His ability to navigate this complex landscape – balancing pressure on Kiev, negotiating with Moscow, and sidelining Western Europe – will determine whether he can claim victory as a peacemaker. Ultimately, Ukraine’s fate is no longer in its own hands. The decisions made in Washington, Moscow, and – ironically – Riyadh will shape the country’s future. Whether Trump can strike a deal that satisfies all parties remains to be seen. But one thing is clear: Ukraine’s days as the central pillar of the West’s confrontation with Russia are coming to an end.

Read more …

Any paper he signs comes (pre-)loaded with legality questions.

• Zelensky In Political ‘Final Act’ — FT (RT)

Vladimir Zelensky’s leadership is coming to an end, the Financial Times reported on Thursday, citing a senior Kiev’s official. The article comes amid growing concern in Washington over Zelensky’s legitimacy. Zelensky’s presidential term expired in May 2024. However, he has refused to hold a new election, referring to martial law imposed during the conflict with Russia. The current US administration has recently been trying to negotiate a path toward ending hostilities. US President Donald Trump briefly halted military assistance and intelligence sharing with Kiev, but resumed it following a bilateral meeting in Saudi Arabia earlier this week.

“We are in the final act [of Zelensky’s presidency],” a senior Ukrainian official told FT, confirming growing speculation in the country’s political circles over how long he will stay in office. The official also described the conflict with Russia as currently in a “hot phase.” According to Ukrainian soldiers, analysts, and officials cited by the newspaper, Kiev would be able to keep fighting for “at least six months” in case of a complete halt of military assistance from the US. They said, however, that it could be longer if the EU fills the gap and domestic arms production intensifies. Unnamed Western officials told FT that apart from a lack of weapons and ammunition, Zelensky’s leadership could be challenged by a shortage of men in the ranks, which remains Ukraine’s most pressing problem.

In November 2024, the administration of then US President Joe Biden urged Kiev to draft more troops and reduce the minimum conscription age from 25 to 18 to tackle a manpower shortage. The Ukrainian authorities rejected the proposal at the time, claiming that the main problem for the country’s forces was a lack of weapons. FT noted that Zelensky’s political opponents are currently “preparing for elections, forming alliances, and testing public messaging.” Several politicians have reportedly begun outreach to officials in the Trump administration.

Zelensky, whose presidential term expired in May 2024, has refused to hold new presidential and parliamentary elections, citing martial law due to the conflict with Moscow. Last month, US President Donald Trump questioned Zelensky’s legitimacy, branding him a “dictator without elections.” Russian President Vladimir Putin has cast doubt on Zelensky’s position as well. Shortly after his official term as the country’s head of state expired nearly a year ago, the Russian president called the Ukrainian parliament the only legitimate authority. Putin recently reiterated that the Ukrainian leader no longer has the right to sign official agreements.

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“5 of Russia’s top foreign relations experts and actors react to US-Ukraine talks.”

• ‘A Ceasefire Only Benefits Those Who Are Retreating’ (RT)

Political analyst Sergey Markov: Reasons why Russia might refuse a ceasefire:

1. A ceasefire would be exploited by the West and Ukraine to halt the advance of the Russian army, strip it of its initiative, supply the Ukrainian army with more weapons, continue extensive mobilization in Ukraine, and strengthen the repressive and anti-Russian nature of the Ukrainian political regime

2. The experience of the Minsk 1 and Minsk 2 agreements clearly demonstrates this pattern

3. The consistent dishonesty of Western politicians and media regarding the conflict, as well as their refusal to acknowledge their own and Ukraine’s culpability, strongly suggests that history will repeat itself

4. Russian President Vladimir Putin and other Russian officials have repeatedly stated that what Russia needs is lasting peace, not just a temporary ceasefire

5. The West cannot really be trusted

6. Russia is advancing. A ceasefire always benefits those who are retreating.

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“If Putin doesn’t agree to a cease fire, he risks offending Trump’s ego. Does Trump then become coercive because he is on the line with his promise to end the conflict?”

• Is Putin Being Boxed In by Trump and Zelensky? (Paul Craig Roberts)

Trump and Zelensky have agreed on a cease fire, a pause in the conflict. How does this benefit Russia? It doesn’t. The Ukrainian military is collapsing on all fronts. 86% of the Ukrainian incursion into Kursk has been retaken, and the remaining Ukrainian forces are surrounded. What remains of the Ukrainian military is retreating from the few kilometers of Russian territory still occupied in the Donetsk and Zaporozhye regions that have been reincorporated into Russia. A cease fire is the last thing Russia needs when Russia is on the verge of total victory. Russia should be imposing surrender terms on Zelensky, Trump, and Europe. Russia has won the conflict. Why agree to a negotiation? The victor dictates the surrender terms. If Russia’s surrender terms are not accepted, Russia should proceed with the conquest of the entirety of Ukraine and reincorporate Ukraine into Russia where it historically belongs.

It was Washington taking advantage of the Soviet collapse that cut out Ukraine from its historic multi-century home as part of Russia. Are Putin and Lavrov too besotted with good will toward the West, which has been trying to destroy Russia, to understand the basics? Does Putin understand that Trump should first have come to him, worked out the terms of surrender between them, and imposed them on Zelensky, who in fact is not a legitimate head of government as his term in office has expired? Putin is correct. There needs to be a Ukrainian election that installs a legal government to whom to dictate the terms of surrender. What is the worth of a document signed by an illegal occupant of office? If Putin agrees with the Trump-Zelenzky cease fire, will it obligate Putin to agree to a settlement that is less than victory?

A cease fire would halt the Russian advance, provide Ukraine with time to rebuild with the weapons now again supplied by Trump. Will negotiations be a repeat of Putin’s Minsk mistake which cost Russia so dearly? If Putin denies Russia a victory, could he be removed from office? Peace must be conclusive. Cease fires never are. If memory serves, the Korean War in the 1950s is still governed by a cease fire, and antagonisms still exist between North and South Korea with Washington still adding to the confrontation. From what I know of Russia’s Westernized intellectual class that influences Putin and Lavrov, they are Westernized to the point of treason. Putin needs a Russian government occupied and advised by Russian nationalists. Otherwise Russia will remain a target despite its unrivaled weapons systems. In my column on March 11, I asked, “What should Trump do about Ukraine?” I answered:

“To end the conflict Trump doesn’t need to be holding meetings and talking about meetings with Putin, Zelensky, EU or anyone. It is extremely simple for Trump to end the conflict as far as the US is concerned. All he has to do is to make the hold he has put on delivery of weapons permanent and withdraw all US operatives in the proxy conflict with Russia. Without the US supplying weapons, intelligence, targeting information and money to keep the conflict alive, the conflict will quickly end. This is what Trump needs to tell Putin: “I know Washington is responsible for this conflict. I am withdrawing Washington’s participation. The conflict would not have happened if the Democrats had not stolen the 2020 election. I am cancelling the sanctions. I will be accused by the Democrats and the presstitutes of selling out Ukraine to you. Your job is to be merciful to Ukraine. As the US is responsible for the conflict, the US will help you to rebuild a demilitarized Ukraine in which economic advancement takes precedent over war. You must not fail my good intentions, or the Cold War will resume.”

As I asked later in my column, can Trump’s ego permit him to allow the settlement on Putin’s terms? For three years Putin has been slowly fighting a conflict that a capable war leader would have ended in three weeks. Putin’s failure as a war leader is clear. Putin, being sufficiently Westernized, never realized that his never-ending war would result in negotiations in which he was the last participant included. As Trump and the illegitimate Zelensky have arrived at a cease fire, the pressure is on Putin to join in, or Russia will be reviled for blocking a settlement with intentions of proceeding from the conquest of Ukraine to the conquest of Europe. If Putin joins in the cease fire, he risks Russia’s victory being watered down by the terms of a negotiated settlement.

Russia has been in many ways an easy target for the West. Soviet Communism having bred distrust of Russian government, has left Russian intellectuals easy pickings for Western propaganda. Many Russian intellectuals represent the West, not Russia. This Russian vulnerability has been skillfully exploited by the West. The question remains: How serious are Putin’s mistakes in his dealings with Washington? By permitting a conflict to continue until the initiative for its end passed into Washington’s hands, Putin has lost the initiative. If Putin doesn’t agree to a cease fire, he risks offending Trump’s ego. Does Trump than become coercive because he is on the line with his promise to end the conflict? Does Putin submit to Trump’s coercion? The outlook for this conflict being resolved is not as good as it seemed.

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Better call Elon.

• US Deficit Sets Record With $1.1 Trillion In First 5 Months Of FY 2025 (jTN)

The United States’ deficit increased by a record-breaking $1.1 trillion during the first five months of the current fiscal year, new data from the Treasury Department showed. The new numbers, released Wednesday, showed the deficit between October 2024 and February 2025. The unadjusted increase saw a surge of $1.147 trillion, while the deficit for the same period in fiscal year 2024 was $828 billion. The deficit for February alone was $307 billion. The deficit is largely driven by spending on interest, military programs, public benefits and security, according to the financial news outlet Barron’s. The largest spending costs came from interest paid on the public debt and higher tax credits.

A Treasury department spokesperson told CNBC that there has been limited impact from Elon Musk’s Department of Government Efficiency, which is attempting to reduce wasteful government spending. But the department’s operations have only been active for one month. One exception has been the Education Department, per Barron’s, where expenditures were lower by $5.6 billion in February compared to the year before. President Donald Trump’s tariffs also did not appear to impact February’s deficit, but could impact March’s. The current fiscal year runs from October 2024 through September 2025.

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“President Jose Raul Mulino stated that the canal is part of Panama’s “inalienable patrimony”..

But Americans built it..

• Trump Demands ‘Military Options’ To Control Panama Canal (RT)

The Panama Canal, a vital maritime route connecting the Atlantic and Pacific oceans, has been under Panamanian control since 1999 following the Torrijos-Carter Treaties, which stipulated that it would remain neutral and open to all nations. Trump has repeatedly threatened to take back control of the waterway, citing the “ridiculous fees” and concerns over China’s increasing presence in the region. Earlier this year, Trump refused to rule out the use of military force to take control of the canal, stating that all options are on the table to protect US economic and national security interests. In an Interim National Defense Strategic Guidance memo obtained by CNN on Thursday, the White House formally asked the Pentagon to “immediately” provide options to ensure unlimited US access to the canal.

“Provide credible military options to ensure fair and unfettered US military and commercial access to the Panama Canal,” one of the directives in the memo reportedly stated. US Southern Command is already developing potential plans, ranging from “partnering” closely with Panamanian security forces to a scenario in which US troops seize the canal by force, unnamed officials told NBC. Sources cited by Reuters also said the Pentagon had been ordered to explore military options to secure US access to the waterway.

Panamanian officials previously rejected Trump’s assertions and threats, while the Panama Canal Authority maintains that the canal is operated solely by Panamanians, with no evidence supporting claims of Chinese control. President Jose Raul Mulino stated that the canal is part of Panama’s “inalienable patrimony” and stressed that Panama maintains full control of its operations. However, after US Secretary of State Marco Rubio personally delivered Trump’s ultimatum to Panama in February, Mulino made a concession to Washington by refusing to renew the country’s 2017 agreements with China under Beijing’s Belt and Road Initiative.

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Chuck is shrinking before our eyes….

• Schumer Throws Contrived Tantrum After Caving To GOP (ZH)

Update (2145ET): After bending the knee to the GOP and agreeing to vote ‘yes’ on the House-passed continuing resolution to fund the government through September, Senate Minority Leader Chuck Schumer (D-NY) offered a contrived outburst on MSNBC, calling Republicans ‘bastards’ before quickly correcting himself. “To have the conflict on the best ground we have, summed up in a sentence, that they’re making the middle class pay for tax cuts for billionaires?” said Schumer. “It’s much, much better not to be in the middle of a shutdown, which should divert people from the number one issue we have against these bastards, sorry, these people, which is not only all these cuts, but they’re ruining democracy.” How many times did he practice that in the mirror? Schumer also raged on X after bending the knee, writing that “a shutdown would be a gift,” and “the best distraction he could ask for from his awful agenda.”

Whatever you say Chuck…

* * *
Update (1800ET): And there it is… in a complete reversal following a closed-door lunch, Senate Minority Leader Chuck Schumer told fellow Democrats that he would vote for cloture tomorrow morning on the GOP stopgap, according to Punchbowl News’ Jake Sherman – who notes that 6 more Democrats will need to follow their leader after Sen. John Fetterman (D-PA) already said he would (see below). “I will vote to keep the government open and not shut it down,” Schumer announced on the Senate floor Thursday, adding that a shutdown “would give Donald Trump and Elon Musk carte blanche.” As we noted below, the most likely scenario looks to be the case; Dems will provide the necessary votes to pass the GOP bill, in exchange for Senate Republican leaders granting them a performative amendment vote on the Democrats’ separate CR proposal (which means absolutely nothing aside from putting their dissent on record).

* * *
With tomorrow’s shutdown deadline looming (and the House gone on recess until March 24), Senate Democrats are scrambling to both kill the GOP bill that passed the house, and avoid the optics of a shutdown falling squarely on their shoulders after minority leader Chuck Schumer categorically rejected the bill on Wednesday, and instead floated a 30-day continuing resolution which would allow Democrats to stuff it full of their own pork to include in a revised package (that he doesn’t have the votes for)… As the Senate opened Thursday, Majority Leader John Thune (R-SD) – who filed cloture on the House-passed CR on Wednesday – said, “It’s time to fish or cut bait.”

And as the Associated Press notes, debates over funding the federal government routinely erupt in deadline moments but this year it’s showing the political leverage of Republicans, newly in majority control of the White House and Congress, and the shortcomings of Democrats who are finding themselves unable to stop the Trump administration’s march across federal operations. Given that the Senate has 53 Republicans, one of whom is a definite ‘no’ (Rand Paul of Kentucky), at least eight Democrats need to cross party lines to avert a shutdown at midnight on Friday. According to the chaps at Punchbowl News, there’s really two ways this can play out at this point:

Option one: Democrats can fold and take the deal on the table – providing the votes needed to advance the House GOP’s stopgap spending bill in exchange for a symbolic amendment vote on their own 28-day funding extension. This would be pure theater, giving Democrats the chance to go on record opposing a shutdown while letting Republicans push through their own bill anyway. The government stays open, Schumer saves face with progressives, and Republicans get what they wanted all along. But make no mistake – this wouldn’t be a win for Schumer (a “fake BBQ’ing Palestinian”), who floated a 28-day CR that doesn’t have the votes to pass, even with a simple majority. Meanwhile, Republicans can sit back and let the clock force the issue. Time isn’t on the Democrats’ side, and at some point, they’ll have to face reality.

Option two: Schumer and Senate Democrats hold the line, block the House CR, and force a government shutdown. That means federal workers furloughed, services delayed, and chaos come Monday morning when the full effects hit. And here’s the kicker – Trump’s people at the Office of Management and Budget get to decide exactly how painful this shutdown will be. White House sources are already warning that the former president will make sure Democrats feel every bit of the pressure. But here’s where it gets ugly for Schumer: what’s the exit strategy? There isn’t one. The House is gone, meaning there’s no magic fix coming. And at some point, Democrats will have to explain why shutting down the government over a short-term CR that never had a shot at passing was somehow worth it.

So those are the choices: take the loss now and move on, or hold out, take the blame for the shutdown, and likely still take the loss later. Either way, Trump and Musk are watching from the sidelines, ready to make their next move while Washington does what it does best—trip over itself in broad daylight. According to the White House, “They’re totally screwed.”

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You would hope the FBI is on it.

• MTG-Led DOGE House Panel Urges DOJ To Investigate Recent Attacks On Tesla (JTN)

The House’s Department of Government Efficiency panel, led by GOP Rep. Marjorie Taylor Greene, is asking the Justice Department to investigate Tesla vehicles being vandalized and destroyed since EV car company’s owner, Elon Musk, became a White House appointee. “These attacks, which seem to involve coordinated acts of vandalism, arson, and other acts of violence, seriously threaten public safety,” the DOGE subcommittee wrote in a letter Wednesday to Attorney General Pam Bondi and FBI Director Kash Patel.

Multiple Tesla cars, charging stations and dealerships have been vandalized since Musk began leading the Trump administration DOGE, according to ABC News. The letter listed examples such as Tesla charging stations being set on fire in Boston and Tesla cyber-trucks being set on fire in Seattle. Greene asked whether non-governmental organizations were involved in the attack. “If NGOs are linked to these attacks, has federal funding been provided to any of them?” the letter reads. “The American public deserves transparency and assurance that their tax dollars are not being used to fund domestic political terrorism.”

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“The EPA will “reconsider” 31 major environmental actions ranging from emissions standards for automobiles to the legal theory underpinning climate change..”

• EPA to Begin the ‘Biggest Deregulatory Action in US History’ (Moran)

On Wednesday, Environmental Protection Agency (EPA) administrator Lee Zeldin outlined the most ambitious deregulation scheme in the history of the U.S. government. The EPA will “reconsider” 31 major environmental actions ranging from emissions standards for automobiles to the legal theory underpinning climate change. It’s truly breathtaking. However, announcing the reconsideration is only the first step. Now must come the long, drawn-out rulemaking process that will set guidelines on how the agency can proceed to repeal the regulations. That process alone will take many months, if not years, and green groups will challenge it every step of the way.

“These are all rules and regulations. They can’t just wish them away with a press release. You have to tear a regulation down the same way it was built up. They have to make a proposal for each one of these things and explain the reasoning and show evidence, and they have to have public comment and respond to public comment and then reach a final decision and defend it in court,” said David Doniger, the senior strategist and attorney for the Natural Resources Defense Council’s climate and energy department. “We’re going to fight them every step of the way.” Indeed, the work it will take to “reconsider” these regulations and repeal them makes me think this move by Zeldin has more to do with politics than government. Some of these rules have been upheld by the Supreme Court, including the climate change “endangerment finding” that undergirds the bulk of climate law.

Zeldin can’t just wave a magic wand and get rid of it. “This is crazy. This is insane,” said Jason Rylander, the legal director at the Center for Biological Diversity’s Climate Law Institute. “There have been attempts to limit the authority of EPA, but the scale and scope and speed with which this administration is attacking environmental safeguards is unprecedented.” It’s not “crazy” by any means. Remember that these environmental advocates think any word ever turned into regulation is holy writ and can’t be changed, or Gaia will strike us down. “Today is the greatest day of deregulation our nation has seen. We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S., and more,” said EPA Administrator Zeldin.

“Alongside President Trump, we are living up to our promises to unleash American energy, lower costs for Americans, revitalize the American auto industry, and work hand-in-hand with our state partners to advance our shared mission,” he added. As you might expect, some EPA staffers are approaching vapor lock. “Simply put, this is embarrassing,” one EPA worker said. “This is not the EPA we have dedicated our careers to. Instead of highlighting the importance of protecting human health and the environment, this administration is highlighting cutting cost in dollar figures while ignoring the human cost. The air we breathe and water we drink is a collective human right and more valuable than any dollar figure.”

No one is saying that air and water are not more valuable than dollars and cents. But neither are EPA regulations the word of god and can’t be changed. This particular employee actually believes that there’s no agenda attached to any of these regulations, an agenda that has little to do with protecting the environment. Even conservative judges are going to have a hard time with Trump’s EPA getting rid of most of these regulations. That’s why I suspect politics is the driving force in these actions by Zeldin and Trump, giving heart to the faithful and confusion to the enemy.

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“..(NDFs), a financial derivative that allows investors to bet on a currency’s future value without actual exchange. By not involving physical Russian assets or individuals, they remain outside the scope of current sanctions.”

• Investors Betting On Russian Return To Western Markets – Bloomberg (RT)

Investors are quietly betting that US President Donald Trump’s recent initiatives to negotiate a peace deal in the Ukraine conflict could lead to Russia’s return to Western financial markets, Bloomberg reported on Thursday. The US and its allies have slapped numerous rounds of sanctions on Moscow since the escalation of the Ukraine conflict in 2022. Russia has been cut off from Western investments and its largest stock exchange has been sanctioned. In recent weeks, traders at a London brokerage have been seeking to buy Russian securities, an asset largely avoided over the past three years, Bloomberg reported. Their focus has been on buying dollar-denominated bonds issued by Russian energy giant Gazprom.

Investors are speculating that heavily discounted Russian securities could surge in value if Ukraine-related sanctions imposed on Moscow are lifted, the outlet stated. Investors “understand that as soon as there’s a thaw, these discounts will collapse,” Iskander Lutsko, Dubai-based head of research and portfolio management at Istar Capital, told Bloomberg. Money managers report that sales teams are assessing interest in staking on the ruble through non-deliverable forwards (NDFs), a financial derivative that allows investors to bet on a currency’s future value without actual exchange. By not involving physical Russian assets or individuals, they remain outside the scope of current sanctions.

Major US investment banks Goldman Sachs and JPMorgan Chase have reportedly been brokering ruble-linked derivative contracts to meet growing investor interest in Russian-related assets. “There’s an aggressive search for securities of Russian issuers around the world,” Evgeny Kogan, a Moscow-based investment banker, told Bloomberg. “Investors in general are asking how quickly they can enter the Russian market.” According to the report, Russia’s potential reintegration into the Western financial system could unlock hundreds of billions of dollars.

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Uh-oh, there goes Mutti’s promised land..

• EU Seeks To Intensify Immigrant Deportations (RT)

The European Commission has formally proposed to harmonize deportation rules across the EU. The current regulations, which vary by state, allow those who have been denied the right to remain in the bloc lawfully to exploit the system, resulting in a 20% deportation rate. President Ursula von der Leyen has labeled the figure “by far, too low.” The proposed rules “will ensure that those who have no right to stay in the EU are actually returned” to their countries of origin, EU Commissioner for Internal Affairs and Migration, Magnus Brunner, has claimed.

The 87-page document unveiled on Tuesday will require immigrants to cooperate with authorities, permit the extended detention of asylum seekers, and introduce the mutual recognition of deportation orders among member states. The reforms aim to encourage voluntary returns and close loopholes currently exploited by illegal immigrants who evade forced repatriation by moving between EU countries.The plan will establish “return hubs” – deportation centers in third countries willing to accept expelled individuals from the EU. If approved by the European Parliament and the Council of Europe, the new system is set to take effect in mid-2027.

Illegal immigration has remained a hot-button issue in the EU since the 2015 crisis, which saw over a million people arrive in member states. The authorities’ decision to welcome this influx sparked a backlash from several Eastern European nations, citing threats to security and culture. Political guidelines issued by von der Leyen last July pledged to strengthen the EU’s borders and crack down on human trafficking, a significant driver of illegal immigration.

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Interesting when compared to Paul Craig Roberts yesterday, who said:

“Trump has spoken of substituting tariffs for the income tax. This is a brilliant thought.
The income tax taxes labor and capital, factors of production. Thus income tax reduces GDP and living standards.”

• Tariffs are Theft (Ron Paul)

The US and China came closer to a full-fledged trade war last week when China imposed tariffs of up to 15 percent on key US agricultural exports. This was retaliation for President Trump’s increasing of tariffs on Chinese exports to the United States from 10 percent to 20 percent. China’s retaliatory tariffs show how export-dependent industries are harmed by protectionist policies. Even if other countries refrain from imposing retaliatory tariffs, exporters can still suffer from reduced demand for their products in countries targeted by US tariffs. Businesses that rely on imported materials to manufacture their products also suffer from increased production costs thanks to tariffs. President Trump acknowledged how tariffs harm US manufacturers when he granted US automakers’ request for a one-month delay in new tariffs on imports from Mexico and Canada.

Many American consumers who are struggling with high prices are concerned that President Trump’s tariff policy will further increase prices. They are right to be concerned. Contrary to popular belief, foreign businesses do not pay tariffs. Tariffs are paid by US businesses that wish to sell the imported goods. When tariffs are increased, the importing businesses try to recoup their increased costs by increasing their prices. Consumers then must choose whether to pay the higher price, find a cheaper alternative, or do without the product. Whatever they choose, consumers will be worse off because they cannot spend their money the way they prefer.Tariffs may provide a short-term benefit to the protected businesses. However, tariffs could keep businesses alive that should be allowed to fail so the business owners and workers can put their talents to use in other endeavors that would more greatly benefit and the whole economy.

Defenders of tariffs, including President Trump, claim the revenue from tariffs can be used to “offset” the revenue government loses from tax cuts. Some even claim that tariffs can generate enough revenue to allow the government to repeal the income tax. The problem with this is that a tariff brings in more revenue to “pay for” tax cuts only to the extent the tariff does not cause consumers to cease buying imported goods. Thus, the tariffs, to bring revenue to the government, must not be large enough to discourage Americans from buying foreign products. The more tariffs increase government revenue, the more they will tend to fail in bringing about another often promoted tariff goal — an increase in the purchase of domestic goods.

According to the Tax Foundation, if President Trump’s tariff plan for China, Mexico, and Canada were fully implemented, it would increase federal tax revenue by 142 billion dollars this year — an average tax increase of over one thousand dollars per household. The tariffs would also decrease economic output. This does not account for the decline in consumer satisfaction caused by consumers being forced to alter their consumption choices because of government-caused price increases. It also does not account for the new businesses, products, and jobs that could have been created had government not drained resources from the productive economy via tariffs. The economic effects are a good enough reason to oppose raising tariffs. However, the main reason to oppose tariffs is that tariffs, like all taxes (including the inflation tax), are theft.

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Mr. policy-maker. He should move into the White House. ‘You can only fire people if i say so’..

• Clinton-Appointed Judge Slams Trump “Sham” (ZH)

San Francisco based… check. Clinton appointed… check. So how do you think the case against President Trump firing federal probationary staff went? Bingo… U.S. District Judge William Alsup described the mass firings as a “sham” strategy by the government’s central human resources office to sidestep legal requirements for reducing the federal workforce. Politico reports that Alsup, a San Francisco-based appointee of President Bill Clinton, ordered the Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs departments to “immediately” offer all fired probationary employees their jobs back. The Office of Personnel Management, the judge said, had made an “unlawful” decision to terminate them. The order is one of the most far-reaching rejections of the Trump administration’s effort to slash the bureaucracy and is almost certain to be appealed.

“You will not bring the people in here to be cross-examined. You’re afraid to do so because you know cross examination would reveal the truth,” the judge said to a DOJ attorney during a hearing Thursday. “I tend to doubt that you’re telling me the truth. … I’m tired of seeing you stonewall on trying to get at the truth.” The judge called the move “a gimmick.” Alsup also said the Office of Personnel Management couldn’t give guidance on who to terminate, according to ABC News. “It is sad, a sad day when our government would fire some good employee and say it was based on performance when they know good and well that’s a lie,” Alsup said. Do those sound like the findings of a non-partisan, legally-trained, judicially-independent member of the bench? And on it goes…

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“Washington is increasingly making it clear that Western Europe must contribute more while receiving less in return.”

• America and the EU Are Drifting Apart – Moscow Is Watching (Bordachev)

The geopolitical unity of the West, often perceived as a monolithic front against Russia, is showing visible fractures. The question now is whether Moscow should actively encourage the widening rift between the United States and Western Europe – or simply sit back and let history take its course. For now, the EU states are desperate to avoid responsibility for the crisis in Ukraine. This was evident in Brussels’ immediate endorsement of the latest US-Ukraine talks, signaling relief that Washington is still managing the situation. European leaders had feared that the new American administration under Donald Trump might offload the burden onto them, forcing them to take direct responsibility for confronting Russia. That nightmare, at least for now, has been postponed. But the larger strategic question remains: How long can this uneasy balance last?

Is the US-Europe rift temporary or permanent? The unity of the collective West – a term used to describe the US and its European allies acting as a single political and military bloc – was never an absolute certainty. It was always dependent on American leadership, which is now undergoing major internal shifts. Trump’s return has signaled a profound shift in Washington’s strategic thinking. While the US remains the most militarized and economically powerful country in the Western alliance, it is now experiencing an identity crisis. The ruling elite in Washington knows it must redefine its role in a world where its global dominance is being challenged. This raises a critical question: Can the US and Western Europe continue as a united front, or is their strategic divergence inevitable? For Moscow, this is more than just a theoretical debate. If the West’s unity was merely a temporary phenomenon – a product of post-World War II security arrangements and Cold War politics – then it follows that Russia must consider whether and how to encourage this fragmentation.

The US political crisis and its impact on Europe The deepening internal crisis in the US is one of the main reasons the EU is being forced into an uncomfortable position. First, America’s economic model is under strain. For decades, Washington sustained its dominance by attracting cheap labor from Latin America while maintaining global economic hegemony. But the mass migration crisis has turned into a politically explosive issue, with growing resistance to uncontrolled immigration. Second, the old neoliberal model of globalization is breaking down. Many nations no longer accept a US-led order that imposes unequal economic relationships. This has led to an emergence of independent power centers – from China and India to Middle Eastern states – that refuse to play by Washington’s rules. Finally, the conflict in Ukraine has exposed the limits of American power. Russia’s ability to withstand three years of Western pressure – economically, militarily, and diplomatically – has forced Washington to reconsider its strategy. The US has never faced a direct geopolitical confrontation with China, and its approach toward Beijing remains one of cautious engagement. But with Russia, it has now met a determined adversary that refuses to bend.

Western Europe’s dilemma: dependence or independence? For the EU, any major shift in US policy is a cause for alarm. Since World War II, Western European elites have relied on American military protection while enjoying economic prosperity under the US-led global order. In exchange for this security umbrella, these states surrendered much of their foreign policy independence. Despite its economic weight, the EU has largely functioned as a political appendage of Washington. This has come at a cost: Western European leaders have little say in critical global decisions, and their fate remains tied to decisions made in the US. Now, with Washington signaling it wants to shift its focus – both in military and economic terms – the bloc finds itself in a precarious situation.

Western Europe lacks the demographic and financial resources to turn itself into a military superpower. The idea of building an independent EU defense structure is often discussed but remains unrealistic. Without U.S. support, these states cannot sustain a large-scale conflict with Russia. Also, Washington is increasingly making it clear that Western Europe must contribute more while receiving less in return. The US political class knows that economic resources are finite, and American taxpayers are questioning why they should continue subsidizing European security. The rise of populist and nationalist movements across Europe – many of which favor detente with Moscow – adds another layer of complexity. Washington’s support for non-mainstream European politicians, such as the Alternative for Germany (AfD) or Romania’s banned presidential candidate Calin Georgescu, signals an emerging divide.

How should Russia respond? Moscow must recognize that any long-term fracturing of the West works to its strategic advantage. History shows that Russia has been most successful in its geopolitical struggles when the West was divided. During the Northern War, Peter the Great’s Russia exploited divisions within Europe’s anti-Swedish coalition; in the Napoleonic Wars, Russia aligned with Britain – normally a rival – to defeat France. During World War II, the Soviet Union benefited from the split between the US and Nazi Germany’s former allies. Conversely, when the West has acted as a single entity, Russia has faced its most significant challenges – such as during the Cold War, which led to the eventual collapse of the Soviet Union. Given these historical lessons, it would be unwise for Moscow to ignore opportunities to accelerate the split between Washington and its European allies. Russia must continue engaging with Trump’s team while indirectly supporting voices in Europe who favor a more balanced approach to Russia. Moscow should deepen its bilateral economic ties with individual European countries, bypassing Brussels’ restrictive policies wherever possible. Any serious attempt by Western Europe to build an independent military bloc should be closely monitored – though in reality, such plans remain far-fetched.

The future of the West is uncertain While Trump’s arrival has disrupted the status quo, it remains unclear whether this is just a temporary setback for transatlantic unity or the beginning of a permanent shift. If Washington continues down the path of reducing its commitments to Europe, the EU will face an identity crisis – one that may ultimately lead to a loss of American influence over EU politics. For Russia, this presents an opportunity. By carefully navigating these developments, Moscow can ensure that any cracks in the Western alliance become permanent fractures – shaping a world where American and Western European interests no longer align as they once did. Russia does not need to rush or force the split – the US is doing that on its own. But Moscow can and should help accelerate the process where possible. After all, a divided West is a weaker West – and that is something Russia has always understood.

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What an invitation! Now imagine Marco Rubio, or Macron, von der Leyen, reaching out to new media this way. Trump might…

• A Conversation with Foreign Minister Lavrov (Larry Johnson)

What an honor. I was invited, along with Judge Napolitano and Mario Nawfal, to interview Russian Foreign Minister Lavrov on Monday. Mr. Lavrov is smart, charming, funny and quite approachable. He ain’t a bullshitter. There was no pretense about him. After spending more than 90 minutes conversing with him, I came away with a new appreciation of his skill as the consummate diplomat. Although we each had prepared a couple of questions in advance, those went out the window once the conversation started. There were no constraints on what we could ask. There was an added treat before Mr. Lavrov arrived… we spent thirty minutes chatting with Maria Zakharova in a casual environment. She is equally charming and tough as a rhinoceros hide. I think of her as an iron fist wrapped in a luxurious velvet glove. A formidable diplomat in her own right.

Here is a summary of the key points Mr. Lavrov made during our discussion:
• I think what is going on in the United States is a return to normalcy. <…> The fact is that a normal administration without any, you know, unChristian ideas came to power and the reaction was such an explosion in the media, in the politics all over the world is very interesting and very telling.
• When we met in Riyadh with Marco Rubio, Mike Waltz and Steve Witkoff they suggested the meeting and they said, look, we want normal relations in the sense that the foundation of the American foreign policy under the Donald Trump administration is the national interest of the United States. But at the same time, we understand that other countries also have their national interest.
• It is very well understood that countries like the United States and Russia would never have their national interest the same. They would not coincide maybe even 50 or less percent. But when they do coincide this situation must be used to develop this simultaneous and similar interest. But when the interests do not coincide and contradict each other then the responsible countries must do everything not to allow this contradiction to degenerate into confrontation, especially military confrontation which would be disastrous for many other countries.
• The beginning of the special military operation was a decision because all other attempts, all other alternatives to bring things into some positive dimension failed for ten years after the illegal coup in Kiev, in violation of the deal signed the night before and guaranteed by the Germans, French and Poles.
• I don’t think the Americans would drop from NATO. At least President Trump never hinted that this might be the case. But what he did bluntly say was that if you want us to protect you, to give you security guarantees, you pay what is necessary.
• But President Trump doesn’t want to provide these security guarantees to Ukraine under Zelensky. He has his own view of the situation which he bluntly presents every now and then, that this war should never have started – that pulling Ukraine into NATO in violation of its constitution, in violation of the Declaration of Independence of 1991, on the basis of which we recognized Ukraine as a sovereign state. For several reasons including that this Declaration was saying no NATO, no blocs, neutral status. Another thing which this Declaration also confirmed and solidified – all rights of Russian and all other national minorities are to be respected.
• Europe and the UK, they certainly want this to continue. The way they received Zelensky in London after the scandal in Washington, it’s an indication that they want to raise the stakes and they are preparing something to pressure the Donald Trump administration back into some aggressive action against Russia.
• It’s not about the territories, it’s about the people who were deprived of their history by law. Territories are important only because people live on these territories. The people who live on the territories are descendants of those who for hundreds of years were building Odessa & other cities on those very lands who were building ports, roads, who were founding those lands and who associated with the history of this land.

! The Americans know that we would not betray our commitments, legal commitments, the political commitments which we develop with China.

Mario Nawfal, the young man seated between the Judge and me, was a delight to be with. At the ripe old age of 30, he treated Judge Nap and me like two respected grandfathers. Being able to spend five days with Judge Napolitano — it was the first time we have been together physically in the entire time that I have known him — was a special treat. The Judge and I met for breakfast every morning in the room pictured above during our time in Moscow. While eating, we were serenaded by a talented harpist, which added a surreal quality to the experience. The staff at the Metropol are superb as well. I will provide a more detailed account of our time in Moscow in a forthcoming post.

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Flu shot

 

 

 

 

Happybird

 

 

Table

 

 

Origami

 

 

AI Hepburn

 

 

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

 

 

 

 

 

Debt Rattle March 13 2025

Mar 132025
 
 March 13, 2025  Posted by at 10:34 am Finance Tagged with: , , , , , , , , , ,  35 Responses »


James Ensor The frightful musicians 1891

 

• Trump Is the World’s Worst Dictator (Joecks)
• Moscow ‘Studying’ 30-day Truce Plan, Makes Steady Battlefield Gains (ZH)
• Trump Envoy Witkoff To Present Ceasefire Deal To Russia This Week – White House (RT)
• Kremlin Drags Its Feet On Ceasefire Deal As Armies Steamroll Ukraine (JTN)
• US Discussed Territorial Concessions With Ukraine – Rubio (RT)
• All The Pressure Is Now On Zelensky After Ceasefire Offer (Proud)
• Free Trade: Ricardo’s Theory To Dispossess The British Aristocracy (PCR)
• Medvedchuk Cautions Trump On Dealing With Kiev (RT)
• Why Won’t Europe Step Up and Help Ukraine? (Victor Davis Hanson)
• EU Accuses Trump of ‘Blackmailing’ Zelensky! (Pinsker)
• 800 Billion Euros of Delusional Promises (Dionísio)
• This Is Literally The Worst News Democrats Could Get Right Now (Margolis)
• Shutdown Schumer, the Shifty Democrats And a Government Standstill (Thorne)
• Old Joe’s Fake Oval Office – and Its Fake News Apologists – Exposed (Victoria Taft)
• Made in China 2025 – Revisited (Pepe Escobar)

 

 

 

 

One of his people was brutally murdered this week

Inflation

Maloney

 

 

Lavrov and the US new media

 

 

 

 

“Trump is one of the most successful men in the world, but he’s a complete failure at being a dictator.”

• Trump Is the World’s Worst Dictator (Joecks)

Dictators crave power. President Donald Trump is using his power to give Americans more freedom. That’s a massive difference. Desperate to find an effective attack against Trump, some Democrats are recycling an old one. They claim he’s an authoritarian. Rep. Ayanna Pressley, D-Mass., invited laid-off federal workers to attend Trump’s recent speech to Congress. She said she was standing “shoulder to shoulder with people in defiance to a dictator.” That type of defiance led Democrats to callously withhold applause from a 13-year-old brain-cancer survivor simply because Trump introduced him. Shameful. Former Georgia gubernatorial candidate Stacey Abrams recently called Trump a “petty tyrant.” The Associated Press claimed that Trump “has embarked on a dizzying teardown of the federal government and attacks on long-standing institutions in an attempt to increase his own authority.”

These accusations aren’t new. Former President Joe Biden and Vice President Kamala Harris frequently labeled Trump a threat to democracy. Last year, historian Jon Meacham called Trump a “tyrant” who would cause the downfall of the American Republic. Trump has fed into this. After he attacked congestion pricing in Manhattan, the White House posted a picture of him wearing a crown. Trump said, “Long live the king.” While that was obviously not a serious claim to monarchical authority, it sent the propaganda press into a tizzy. Many Americans believe the worst about Trump as 41% of Americans say Trump is a dictator, according to a February YouGov poll. Those people aren’t just wrong–they have it backwards. Trump is doing the one thing dictators never do–reduce their own power.

It’d help to define some terms. Merriam-Webster says a dictator is “one holding complete autocratic control.” An autocracy is a “government in which one person possesses unlimited power.” Tyrant has a similar meaning–“an absolute ruler unrestrained by law or constitution.” Therefore, by definition, you can’t be a dictator while increasing freedom and shrinking the size and scope of government. It’s a contradiction. That’s what Trump is doing. He rolled back Biden’s target for electric vehicle sales. He’s unshackled the energy industry. He wants to undo Biden administration restrictions on dishwashers, shower heads and light bulbs. He’s ordered agencies to eliminate 10 previous regulations for every new one they put in place. He’s increasing freedom. He’s also pushing for a significant tax cut. Dictators aren’t known for wanting to let you keep more of your own money.

He’s laid off tens of thousands of federal workers. Another 75,000 federal workers took buyouts. The Department of Government Efficiency is attempting to reduce federal spending by more than $100 billion. He’s shrinking the government he runs. The Trump administration is even gearing up to eliminate the Department of Education. In early March, Education Secretary Linda McMahon laid out “our department’s final mission.” She wants “to send education back to the states and empower all parents to choose an excellent education for their children.” Indoctrinating a nation’s children is a powerful tool for any would-be dictator. Communist dictators wanted kids’ primary loyalty to be to the government. They sought to drive a wedge between children and their parents. Trump wants to give parents more control of their children’s education.

Now, Trump is governing aggressively. The executive orders have been fast and furious. He’s closed the border. He’s clearing out the deep state. He’s rooting out diversity, equity, and inclusion in the government. He’s recognized that men are not women. But an elected official changing government policy isn’t tyranny. That’s the point of having an election. It’d be tyrannical if an unelected, unaccountable bureaucracy could stop a democratically elected president from running the executive branch as he sees fit. Just look at the obstacles Trump faced in his first term. Trump is one of the most successful men in the world, but he’s a complete failure at being a dictator.

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For now it’s just some statements, they haven’t been given the “plan” yet.

Rubio was doing fine so far, but here he leaves the impression that if Russia doesn’t respond to a “plan” they don’t even know, it means they don’t want peace. Confused comments galore.

• Moscow ‘Studying’ 30-day Truce Plan, Makes Steady Battlefield Gains (ZH)

The Kremlin says it is “studying” statements issued by the US and Ukrainian delegations following yesterday’s talks in Jeddah, and further describes Russian officials are waiting for a fuller briefing from the US on the proposal. The 30-day ceasefire plan calls for a halt to all the fighting on land, sea and in the air – which can be extended by mutual agreement, with a hoped-for path to a permanent truce based on negotiations in the interim. President Zelensky in a Tuesday X post said the ceasefire will apply to missile, drone and bomb attacks “not only in the Black Sea, but also along the entire front line” – though its as yet unclear what mechanism there will be to monitor this. The joint statement issued from Jeddah said the sides “will communicate to Russia that Russian reciprocity is the key to achieving peace.” Thus nothing will happen unless Moscow agrees.

Washington has agreed to lift the Trump ban on arms and intelligence for Kiev, while at the same Kiev and Washington agreed on inking a deal on Ukraine’s critical minerals “as soon as possible”. Russian state media is meanwhile reporting that President Putin is open to holding a telephone conversation with his US counterpart. On the potential for a new Trump call to discuss progress toward setting up negotiations and a truce, spokesman Dimitry Peskov said Wednesday, “We also do not rule out that the topic of a call at the highest level may arise. If such a need emerges, it will be organized very quickly. The existing channels of dialogue with the Americans make it possible to do this in a relatively short time.”

If it happens this would mark the second call since Trump’s inauguration, after the prior February 12 call. Theoretically this could lead to an in-person meeting between the two leaders if all goes well. Secretary of State Marco Rubio is traveling back from the meeting in Saudi Arabia, and gave some remarks to a press conference in Ireland:
• Deterrence against future attacks on Ukraine will be a crucial element of future negotiations.
• The US-Ukraine minerals deal benefits both nations and deepens Washington’s interest in Ukraine, but “I would not couch it as a security guarantee”.
• European sanctions against Russia will be part of the negotiations, making Europe’s involvement in the process essential.
• Any truce could be effectively monitored, but “one of the things we’ll have to determine is who both sides trust on the ground” to oversee it.

Ukraine continues to hold little to no leverage, given Russia is fast taking back its territory in Kursk as of mid-week. Over a dozen settlements have been liberated, and by all accounts Ukraine forces are in retreat there, also as Russian troops are currently in the center of Sudzha town. One regional source says that the Russian advance has been swift especially after one particularly daring operation: “Reports over the weekend claimed that 800 Russian special forces had crawled for 15 kilometers through an unused section of pipeline, which once carried Russian gas to Europe via Ukraine, in order to carry out a sneak attack on Ukrainian forces in Sudzha,” writes Moscow Times. These developments mean that Putin is even less likely to agree to any temporary pause in fighting. In January statements he had warned the Kremlin will not sign off on any temporary truces – given Ukraine could just use it to rearm, resupply, and regroup. Moscow has less incentive to sign onto a deal unless territorial concessions are part of it, given that at this rate it can just keep advancing in territory, particularly in the Donbass.

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“Steve Witkoff, the president’s special envoy, is making his way to Moscow this week again..”

• Trump Envoy Witkoff To Present Ceasefire Deal To Russia This Week – White House (RT)

US President Donald Trump’s special envoy Steve Witkoff will be traveling to Moscow later this week to deliver the US ceasefire proposal for the Ukraine conflict, White House Press Secretary Karoline Leavitt said on Wednesday. US Secretary of State Marco Rubio and National Security Advisor Mike Waltz met with representatives from Kiev in Jeddah on Tuesday to discuss a diplomatic end to the Ukraine conflict. In a joint statement afterward, Ukraine agreed to a 30-day ceasefire, while the US resumed all military aid and intelligence sharing with Ukraine. Waltz held a phone conversation with his “Russian counterpart” on Wednesday to discuss the proceedings, Leavitt told journalists in a media stakeout at the White House. Trump’s envoy will be traveling to Russia in person, she added. “Steve Witkoff, the president’s special envoy, is making his way to Moscow this week again to urge the Russians to sign on to this negotiation,” Leavitt told Fox News on Wednesday.

Russia and the US will hold a “big meeting” on Thursday, Trump told reporters in the Oval Office. When asked about potential US leverage on Moscow to accept the ceasefire deal, the US president warned of “devastating” financial measures he could impose. Moscow is “carefully studying the statements that were made as a result” of the US-Ukraine talks, Kremlin spokesman Dmitry Peskov has said. He cautioned against making rushed statements, and stressed that Russia first needs to receive “detailed information” on the proposed ceasefire teased by Waltz on Tuesday. Moscow has previously opposed any temporary truce in the Ukraine conflict, saying that it would simply be a repeat of the ill-fated 2014-2015 Minsk agreements, which it claims were used by Kiev’s Western backers to rearm them.

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How can you “drag your feet” on a “deal” plan you’re not part of or party to?

• Kremlin Drags Its Feet On Ceasefire Deal As Armies Steamroll Ukraine (JTN)

Kremlin spokesman Dmitry Peskov on Wednesday indicated that Moscow was in no rush to reply to the American-Ukrainian plan for a 30-day ceasefire, an announcement that came as Russian armies drove battered Ukrainian troops out of a salient in its own Kursk Oblast and appear poised to advance along the front. On Tuesday, Ukrainian diplomats reached an agreement with American officials to restore military aid and intelligence sharing to Kyiv in exchange for agreeing to an immediate, 30-day ceasefire deal that they would present to the Russians. That exchange followed a public squabble at the Oval Office between Ukrainian President Volodymyr Zelensky and President Donald Trump in which Zelensky was removed from the White House. Zelensky had been in Washington to sign a mineral resources deal that was not executed. Ukraine recommitted to the deal as part of the Wednesday deal.

“Look, you are getting a little ahead of yourself, we don’t want to do that,” Peskov told reporters about the ceasefire, according to Russian outlet RIA Novosti. “Yesterday, when talking to the press, both [Secretary of State Marco] Rubio and [National Security Advisor Mike] Waltz said that they would pass on to us detailed information about the essence of the conversations that took place in Jeddah through various diplomatic channels. First, we need to get that information.” A ceasefire proposal appears to be unpopular with some members of the Russian government, with high-profile politicians condemning the idea. State Duma Deputy Viktor Sobolev, a member of the Duma’s defense committee and notably, an opponent of the pro-Putin coalition, called a temporary ceasefire “absolutely unacceptable,” saying it would allow Ukraine to “regroup and rearm” and “play into the hands of” Kyiv.

Russian troops are currently advancing along the front and posting substantial gains against the Ukrainian military at the moment and a ceasefire would potentially bring that momentum to a halt. Ukrainian forces last year invaded Russia directly, carving out a large swath of territory in the border “oblast,” or region, of Kursk, centered on the city of Sudzha. That location became a cauldron for the Ukrainians as Russia stiffened its defense, and the region became decidedly unstable in recent weeks after the recapture by Russian forces of Sverdlikovo, exposing the Ukrainian flank. A daring operation by Russian special forces, moreover, saw personnel travel through a drained pipeline to attack the Ukrainian rear, which triggered a rout and led to the Russian recapture of Sudzha on Tuesday. Geolocation-based territorial maps show varying degrees of Russian control in the city.

Complicating matters for both sides is their history of dubious and short-lived ceasefires since the outbreak of the Donbas War in 2014. The Minsk I and II Accords both followed a decisive Ukrainian defeat on the battlefields of Ilovaisk and Debaltsevo, respectively. In those battles, Ukraine fought Russian-backed separatists and not the official Russian military. Both sides blame the other for violating both agreements. Explicitly pro-Ukrainian analyst Julian Ropcke, senior editor for security policy at Bild-Zeitung, a German-owned tabloid, highlighted that history and implied a ceasefire deal would lead to a repeat of those incidents. “Amazed to see people thinking a ceasefire deal would stop Russia’s war in Ukraine,” he wrote on X. “After signing Minsk 1 in September 2014, Russia pumped in more troops and kept advancing, capturing Donetsk airport and 20 more towns and villages. After signing Minsk 2 in February 2015, Russia further advanced and captured Debalsteve and five more villages.”

The Russians themselves previously ruled out a ceasefire, with Russian President Vladimir Putin stating last year that he would not accept a temporary agreement and would only allow a ceasefire after a lasting accord had been reached. Minister of Foreign Affairs of the Russian Federation Sergei Lavrov, meanwhile, downplayed the seriousness of a ceasefire proposal ahead of the Ukrainian meeting with the Americans on Tuesday. “Zelensky is saying publicly that he doesn’t want any ceasefire until Americans give him any guarantees that they will destroy Russia with nuclear weapons. It’s not serious,” Lavrov told reporters on a Russia Today webcast. In an interview with bloggers Mario Nawfal, Larry C. Johnson, and Andrew Napolitano published Wednesday, moreover, Lavrov insisted that Trump had no desire to provide Ukraine with security guarantees while Zelensky remained in power.

“He has his own view of the situation, which he bluntly presents every now and then that this war should have never started. That the pulling Ukraine into NATO, is a violation of its constitution, a violation of the declaration of independence of 1991,” Lavrov said. “On the basis of which we recognized Ukraine as a sovereign state for several reasons, including that this declaration was saying no NATO.” The terms of the deal itself remain unclear and the joint statement from the State Department and Ukrainian government did not offer much detail other than a proposal for an immediate 30-day ceasefire, during which they hope to hold negotiations with Moscow. At present, Russia maintains a swath of Ukrainian territory from the Khariv to Kherson Oblasts, providing a land bridge to Crimea, which it annexed in 2014. Russia formally annexed four more regions amid the war but does not fully control any of them. Secretary of State Marco Rubio suggested that the Ukrainians would likely have to give up some territory in a peace deal.

“The most important thing that we have to leave here with is a strong sense that Ukraine is prepared to do difficult things, like the Russians are going to have to do difficult things to end this conflict or at least pause it in some way, shape or form,” Rubio told reporters Tuesday. “I think both sides need to come to an understanding that there’s no military solution to this situation.” The state of the Russian economy has also appeared as a contributing factor. Trump previously threatened the Russians with additional sanctions if they refused to come to the table, though the scope of those sanctions and their potential impact remains unclear. “Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” Trump wrote on Truth Social last week.

Conversely, some analysts believe Putin may use the ceasefire offer to drag out negotiations and demand greater concessions for a pause. Bloomberg News, citing an unnamed person “close to the Kremlin,” reported that he may demand an end to arms shipments to Ukraine. “Putin won’t give a hard ‘yes’ or a hard ‘no,’” Carnegie Russia Eurasia Center Senior Fellow Tatiana Stanovaya told the outlet. “Even in a fantastic situation where Putin makes some gestures toward a truce, it would still be a temporary one and with very harsh conditions.”

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“Moscow has repeatedly stated that the status of these regions is non-negotiable.”

• US Discussed Territorial Concessions With Ukraine – Rubio (RT)

American and Ukrainian delegations discussed the issue of territorial concessions during their meeting in Saudi Arabia, US Secretary of State Marco Rubio confirmed on Wednesday. Representatives from Washington and Kiev met in Jeddah on Tuesday to discuss a path toward a peaceful resolution of the Ukraine conflict. Kiev claims sovereignty over Crimea, the Donetsk and Lugansk People’s Republics, and the Kherson and Zaporozhye regions. These territories officially became a part of Russia after each of them held referendums in 2014 and 2022. Moscow has repeatedly stated that the status of these regions is non-negotiable. After a nearly 9.5-hour meeting, the two sides released a joint statement in which Kiev agreed to a 30-day ceasefire while the US announced the resumption of military aid and intelligence sharing with Ukraine.

Speaking to journalists on Wednesday, Rubio, who took part in the meeting, was asked to disclose more details about what had been discussed and whether the issue of territorial concessions had been brought up. The secretary stated that “we had conversations” on the issue but declined to disclose specifics. He emphasized that the key point was figuring out what the negotiation process would look like and what issues would be on the agenda. Rubio called it obvious that the Ukraine conflict cannot be resolved militarily, and that “neither side can militarily achieve their maximalist goals” and that the only way to stop the fighting is through negotiations.

On Monday, ahead of the Jeddah talks, Rubio also indicated that Ukraine would inevitably have to relinquish the goal of regaining all the territory it claims in order to facilitate peace negotiations with Russia. “Obviously, it’ll be very difficult for Ukraine in any reasonable time period to sort of force the Russians back all the way to where they were in 2014,” the secretary told the New York Times. Moscow has not yet commented on the statement released by the US and Ukraine following the talks in Saudi Arabia, nor has it yet reacted to the proposed 30-day ceasefire. Kremlin spokesman Dmitry Peskov has stated that Moscow first expects to receive the details from the US, which should be sent in the coming days.

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“..it wants the big questions addressed front and centre. These include Ukraine’s aspiration to join NATO, the status of the four oblasts annexed by Russia since the start of the war and the protection of the Russian language in Ukraine.”

• All The Pressure Is Now On Zelensky After Ceasefire Offer (Proud)

I assess that Russia will agree with the U.S. on a proposed ceasefire in Ukraine. This would put the ball back in Zelensky’s court to sign a peace deal that could destroy him politically and may give President Putin the security assurances he has sought for over seventeen years. In a quite remarkable turn of events, the BBC announced that Britain had helped the U.S. and Ukraine agree on the need for a 30-day ceasefire. This is spin of the most disingenuous kind. The UK has done everything in its power to prevent the possibility of ‘forcing’ Ukraine into negotiations on ending the three-year war. Indeed, just last week, a prominent UK broadsheet reinforced this point in a searing editorial. The British narrative for three years has been that, with sufficient support and strategic patience, Ukraine could impose a defeat on Russia. To use a British military phrase, that plan ‘didn’t survive contact with the enemy’.

Ukraine’s sudden collapse in Kursk, after Russian troops crawled ten kilometres through a gas pipeline that President Zelensky had, with much fanfare, shut down in January, was an astonishing defeat. It was astonishing because it revealed what many western commentators had said since August 2024, that seizing a small patch of land in Russia would turn out to be a strategic blunder for Ukraine. Since the Kursk offensive was launched, Russia has occupied large tracts of land in southern Donetsk, including several important mines and one of Ukraine’s largest power stations. The basic maths show a significant net loss to Zelensky over the past six months. The bigger picture proves that the overall direction of the war has been moving in Russia’s direction since the failed Ukrainian counter-offensive in the summer of 2023. In Ukraine itself, the vultures are already circling in the sky as the body of Zelensky’s now six-year presidential term approaches its final breath.

Arestovich was quick to call for Zelensky to resign after the damaging shoot-out at the Oval Office. Poroshenko has come out to say Ukraine has no choice but to cut a deal. Even Zelensky’s former press spokeswoman has called for peace and implied that the Ukrainian government tries to limit free speech on the subject of a truce. Team Trump is apparently talking to the egregiously corrupt former Prime Minster Yulia Tymoshenko about the future, heaven help us. The domestic political space for Zelensky to keep holding out with meaningless slogans like ‘peace through strength’, and ‘forcing Russia to make peace’ is rapidly closing around him. That Ukraine has come to the negotiating table at all is a sign that it has been given no choice, since America paused the military and intelligence gravy train. There is nothing in the Jeddah meeting that suggests any change in the U.S. position towards Ukraine.

All that the ceasefire does, if Russia agrees to it, is pauses the fighting. Indeed, it goes further than the unworkable Franco-Ukrainian idea to pause the fighting only in the air and sea, allowing Ukraine to keep fighting on the ground. Ironically, the Jeddah formulation favours Russia, as a partial ceasefire would have provided succour to the Ukrainian army which does not enjoy strategic air superiority, despite its mass drone attack on Moscow and other parts of Russia. The joint U.S.-Ukraine statement calls for Ukraine and others to ‘immediately begin negotiations toward an enduring peace that provides for Ukraine’s long-term security’. If Russia agrees to a ceasefire, the clock will start on 30-days of intensive talks aimed at delivering a durable peace. Russia has said consistently that it will not agree to a ceasefire only; it wants the big questions addressed front and centre. These include Ukraine’s aspiration to join NATO, the status of the four oblasts annexed by Russia since the start of the war and the protection of the Russian language in Ukraine.

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“Trump has spoken of substituting tariffs for the income tax. This is a brilliant thought. The income tax taxes labor and capital, factors of production. Thus income tax reduces GDP and living standards.”

• Free Trade: Ricardo’s Theory To Dispossess The British Aristocracy (PCR)

In their book, Global Trade and Conflicting National Interests published in 2000 by The MIT Press, Ralph E. Gomory and William J. Baumol proved that the free trade theory with which economists today are still indoctrinated is false. Economists have done their best not to notice that a part of their repertory is invalid. A number of years ago I presented Gomory and Baumol’s analysis to libertarian economists at the Mises Institute. They didn’t like it, but they couldn’t confute it. Over the years I have called attention to the defective theory that economists hold close to their breasts, but it is unpleasant information that they don’t want to hear. With Trump’s talk of tariffs, the invalid free trade theory is being used as a weapon against Trump. Those on Wall Street who are indoctrinated with free trade have been driving down the Dow with their panic.

As for Trump’s tariffs, at the present time it seems that often they are threats leveled at specific countries to get them to do what they should be doing or to get them to give their help to Trump’s agenda. For example, the initial tariffs Trump announced against Mexico and Canada were withdrawn once the two countries agreed to police their borders with the US to help halt the flow of immigrant-invaders into America. It remains to be seen whether a full blown tariff system is put in place. The American market is a large one, and although US consumer demand has been weakened by the offshoring of middle class manufacturing jobs, debt expansion has kept the American consumer market going, and the US remains a lucrative market for foreign produced goods.

It is possible that tariffs could recover their historic role in the financing of the US government. The US government was financed over most of its history by tariffs. It was not until 1918 that the income tax passed in 1913 affected the population, so the US government has been dependent on income taxation only for about a century. As I have explained, the introduction of an income tax resurrected a form of slavery as it gave government ownership rights in our labor. The definition of a free person is a person who owns his own labor. Today people subject to an income tax are in the same position as medieval serfs who owed part of their labor to feudal lords.

Trump has spoken of substituting tariffs for the income tax. This is a brilliant thought. The income tax taxes labor and capital, factors of production. Thus income tax reduces GDP and living standards. Classical economists, unlike the present day “junk economists” as Michael Hudson correctly calls them, said, correctly, that consumption, not factors of production, should be taxed. That is what a tariff does. If you don’t consume goods produced in other countries, you pay no taxation. Countries once understood that being dependent on imports of necessities, such as food, was a threat to national existence. A country could be subdued by the cutoff of food.

The British had the Corn Laws (corn was the term for all grains–wheat, barley, oats) that protected English farmers. The Corn Laws protected the incomes of the landed aristocracy, Britain’s leadership class during the years that Britain was the world power. As income is a basis of power, the rising British middle class wanted the power that was in aristocratic hands. David Ricardo, a bourgeois financier, attacked the incomes of the landed aristocracy with his concocted free trade theory. The repeal of the Corn laws shifted power from one class to another. The bourgeois gained and the aristocrats lost, and the British became dependent on food imports. The repeal was followed by Death Duties that appropriated the estates of the aristocrats, thus destroying the leadership class of Great Britain. Look at the post-aristocratic leadership of Britain. What do you see?

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“What US President Donald Trump does not realize is that as soon as he gets rid of Zelensky… the Ukrainian political system will throw another clown at him..”

• Medvedchuk Cautions Trump On Dealing With Kiev (RT)

US President Donald Trump will not be able to reach any kind of agreement with Ukraine’s Vladimir Zelensky, nor with any other politician from his circle who may eventually replace him, exiled Ukrainian opposition leader Viktor Medvedchuk has cautioned. Zelensky’s presidential term officially expired in May 2024 as he has refused to hold a new election, citing martial law imposed during the conflict with Russia. Trump reportedly insisted earlier this week that the Ukrainian leader should hold elections and possibly step down. Writing in an article for the ‘Other Ukraine’ news outlet on Wednesday, Medvedchuk – who was ousted in 2022 – suggested that removing Zelensky might not help achieve peace, as the country’s political system could produce another leader with similarly obstructive tendencies.

“What US President Donald Trump does not realize is that as soon as he gets rid of Zelensky… the Ukrainian political system will throw another clown at him,” Medvedchuk claimed. Medvedchuk cited the recent talks between Zelensky and Trump in the Oval Office, which escalated into an unprecedented public confrontation, as proof that there is a pervasive culture among Kiev’s pro-Western political factions that prioritizes self-interest. Trump and Vice President J.D. Vance ended up accusing the Ukrainian leader of disrespectful behavior, a lack of gratitude, and an unwillingness to pursue peace. “America’s problem is that it’s not just Zelensky who doesn’t understand how he disrespected Trump, but most of his entourage doesn’t… Ukraine’s pro-Western politicians are not accustomed at all to considering the interests of others,” Medvedchuk argued.

He went on to claim that “Zelensky’s Ukraine is raising citizens to be spoiled, hysterical, illiterate, infantile and irresponsible; they believe that everyone owes them, and that they never owe anything to anybody in return.” Medvedchuk was leader of the Opposition Platform – For Life party, formerly the second-largest group in the Ukrainian parliament, until his arrest in April 2022. The party was subsequently banned, and Medvedchuk was sent to Russia in September of that year in exchange for several POWs. He founded the Other Ukraine movement in 2023 and acts as chairman of its council. In January, Zelensky imposed sanctions against him.

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“We have 500 million people in Europe and they’re very upset that 330 million people across the ocean will not help 40 million people fighting 140 million people in Russia…”

• Why Won’t Europe Step Up and Help Ukraine? (Victor Davis Hanson)

Europe is greeting Ukrainian President Volodymyr Zelenskyy as if he’s a rock hero and giving us all sorts of dramatic, melodramatic, psychodramatic pronouncements that they are going their own way because of the Trump isolationism, and sometimes it’s Trump Jacksonianism. They can’t count on us. And Ukraine was the catalyst. But let’s look at that issue for a moment. We have 500 million people in Europe and they’re very upset that 330 million people across the ocean will not help 40 million people fighting 140 million people in Russia. In other words, of all the players in this drama, it’s Europe who should be in the driver’s seat. They have 500 million people. And yet, when we look at their expenditures, nine countries out of the 32, 11 years later, have not increased their NATO contributions to 2%. What should they be doing? They should be meeting with the Trump administration and telling the American people why countries in Europe still won’t meet their military responsibilities.

They’re also running a $200-plus billion trade surplus with the United States. They need to tell us—instead of just saying, “We don’t want to get in a tariff war; Trump is a protectionist”—just explain to us why we in Europe believe that we deserve a $200 billion surplus each year with the United States. And maybe you could explain why your tariffs are not symmetrical with ours. We just need to know. We need to know that very quickly, in fact. Another thing we need to know from Europe that we’re not getting, besides their surplus and the inability for all the NATO nations to meet their responsibilities and their promises of 11 years ago, is what is the strategy for Ukraine? They’re very angry that President Donald Trump temporarily cut off some aid to Ukraine to urge Mr. Zelenskyy to consider a truce so he can negotiate a more lasting peace and stop the Stalingrad slaughter between Ukraine and Russia.

I don’t even mean between Ukraine and Russia. It’s basically caused by Russia’s invasion of Ukraine and they’re on the defensive, but Ukraine has not been able, strategically, to show a pathway to strategic resolution and victory. Again, my interest and your interest is, what’s the alternative position by Europe? Is it we have 500 million people, we’re going to rearm, we’re going to divide up tasks? Finns have great artillery. They will supply the artillery to Ukraine. The Swedes and the French have good air forces. They will supply the air cover. The Germans have a tradition of great tank-making. They’re not very productive in tank production today. But perhaps they’ll promise to send 500 tanks. And then outline a position or a trajectory or a pathway where they can force, apparently, Russian President Vladimir Putin all the way back to where he was either in February 2022 or maybe even 2014.

But we don’t get any of that. We don’t get anything but rah-rah talk that we’re all Europeans. We’re not Donald Trump. We’re going to stick together. We’re going to put boots on the ground. We have what? Logistical capacity, armor, air force. Why can’t they just get together and get an exact, detailed plan of military wherewithal, coupled with a strategy, coupled with a renewed commitment to meet their NATO promises, coupled with an explanation to the American people why they feel that $200-plus billion trade surplus is essential to Europe’s survival and it is not a result of asymmetrical and unfair trade practices? That’s all we’re asking for.

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“They want a peace guarantee that’s backed by American blood..”

• EU Accuses Trump of ‘Blackmailing’ Zelensky! (Pinsker)

Yesterday’s pacifists are today’s Rambos, it seems: 442 lawmakers in the 720-seat European Parliament just agreed to a joint declaration that “strongly deplores any attempts at blackmailing Ukraine’s leadership into surrender to the Russian aggressor for the sole purpose of announcing a so-called ‘peace deal.’” It passed via landslide: 61%. Not all EU politicians supported the measure: Melonian Nicola Procaccini, co-chair of the Conservatives (ECR), had tried to delay the vote arguing that a strong stance by the chamber would risk undermining the delicate ongoing discussion between the United States and Russia on the conditions of the ceasefire that were agreed yesterday in Jeddah — on which the Kremlin has yet to officially comment — casting a negative light on the efforts of the star-studded administration.

But the parliament rejected his request, and thus the joint resolution submitted by EPP, S&D, ECR, Renew and Greens (which followed a debate last February) passed with 442 votes in favor, 98 against and 126 abstentions. Which means, less than 14% of our “friends” in the EU had the testicular fortitude to oppose this brazenly anti-American statement. Thanks, guys. But perhaps we’re being unfair. Perhaps the EU genuinely, sincerely opposes browbeating a democratic nation — especially one that was just invaded and attacked! — into accepting a permanent, immediate, and unconditional ceasefire. Perhaps this isn’t another example of our European “friends” acting selfishly and cowardly, but a heartfelt moral position. Nah: Fun Fact: Just one year ago, this is the same European Parliament that demanded Israel commit to a ceasefire in Gaza!

Hypocrisy, thy name is EU: The European Parliament was able to call for a permanent, immediate, and unconditional ceasefire in Gaza only last month, on February 28, over 140 days after the genocidal war began. On that day, at the initiative of the Left, the European Parliament’s plenary in Strasbourg amended the 67th article of the 2023 Report on the ‘Human Rights and Democracy in the World and the European Union’s policy on the matter’ to include the call for an “immediate and permanent ceasefire in Gaza, allowing uninterrupted access to food and water for its inhabitants.” [emphasis added] It raises the very obvious question: Israel was attacked by invaders, too. Why is it moral and just to impose a ceasefire on Israel, but “blackmail” to do so to Ukraine? As Politico reported today:

“The European Parliament on Wednesday accused the Trump administration of “blackmailing” Ukraine’s leadership into capitulating to Russia with a forced ceasefire, and denounced Washington’s decision to leave the European Union out of negotiations.” It’s unclear why the European Parliament insisted on using the word “blackmailing.” We’re not threatening to disclose harmful information about Zelensky. Besides, how do you blackmail a guy who’s already been videotaped [playing piano with his dick]: Usually, the “victim” of blackmail is the one who lost his money. Not here: The EU is claiming that Zelensky was blackmailed because Trump DIDN’T pay him. It doesn’t make much sense.The Politico article continued: “The statement also condemned as “counterproductive and dangerous” the current attempts by the Trump administration “to negotiate a ceasefire and peace agreement with Russia over the heads of Ukraine and other European states.”

Russian President Vladimir Putin, they added, was being “rewarded” for Moscow’s ongoing three-year invasion of Ukraine. Even after all these years, Europe’s level of entitlement never ceases to astonish. What Ukraine and the EU really want is an American war guarantee. When you strip away the diplomatic niceties and coded language, Zelensky’s tantrum and EU’s fury can all be boiled down to this: They want a peace guarantee that’s backed by American blood. And because Trump doesn’t believe a Ukrainian war guarantee would “Make America Great Again,” he’s trying to find an off-ramp that averts World War III. He’s trying to stop a war between a nuclear superpower and a near-west ally that’s already cost 1.5 million lives.

By any objective standard, that’s a laudable goal. (If this had been Obama doing the negotiating, the Nobel Prize committee would’ve called an emergency meeting and earmarked him the next 10 awards.)Yet the EU not only objected, they actually called it “blackmail!” Sigh. If only they were willing to stand up to Putin like they stand up to Trump. Because the EU will do everything they can to protect Ukraine… just as long as they don’t have to do any of the fighting themselves.

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“..the EU will discuss proposals to exclude military spending from the limits imposed by the Stability and Growth Pact..”

• 800 Billion Euros of Delusional Promises (Dionísio)

Von der Leyen has accustomed us to her grandstanding nihilism and disconnection from reality. Listening to her, one might sometimes get the impression that she sees herself as a kind of a god of creation, capable of transforming everything into matter with the mere power of her words. But of course, this is not true! The Russian economy has not collapsed in “tatters”; in fact, it has shown remarkable resilience, with wages growing at their highest rate in 16 years (a 21.6% increase compared to March of last year, and an 11.3% real growth after inflation—a dream for any Portuguese citizen), with the average wage expected to reach $1,113 by 2025, while everything remains cheaper than in any EU country.

It is also not true that the Russians have been stripping semiconductors from washing machines, nor is it true that the G7 has blocked Russian oil exports with their oil caps. In fact, Russia has never exported as much oil as it does today. The broker Ursula von der Leyen was also wrong when she claimed that the U.S. had the cheapest LNG—why would Trump want to lower prices now?—urging European countries to buy more shale gas, in violation of the European corporate sustainability directive, which requires suppliers to comply with environmental sustainability rules. As is well known, shale gas is extracted through fracking, a method highly damaging to the environment and banned in the EU. It seems that for the unelected president of the European Commission, directives are applied according to her whims.

But the latest delusion from the European Commission president is the announcement of a “massive boost”—as she loves these Americanized propaganda slogans with supposed creative power—to European military spending, which has already been increasing over time, but now she proposes to raise it by an additional 840 billion euros. It’s worth noting that she was Germany’s Defense Minister, during the scandal involving the sale of Trident submarines to Portugal, a deal that led to the imprisonment of several intermediaries. During that time too, von der Leyen, when investigated about several businesses, said that she lost the cellphone which helped her avoid jail. Similarly, during her time at the European Commission, she was involved in the vaccine procurement scandal. Certain character traits never disappear, and it’s a pity that these are the traits that determine who gets chosen for such positions. To our detriment.

Of course, the European Commission president could have proposed, instead, a massive diplomatic effort, a vigorous and mobilizing movement for world peace, a series of proposals for disarmament and the reduction of military stockpiles. Would it have worked? Maybe not, but as a leader of a vast population and the guardian of the keys that unlock the doors to death, it was her duty, first and foremost, to make every effort to negotiate not just peace, but a relationship of unity and cooperation across Europe, promoting prosperity and improving the living conditions of its people. Wouldn’t this be expected of any leader who claims to be democratic, humanistic, and a lover of freedom? The first step should never be to deepen the war.

She could even blame Vladimir Putin, demonizing him to unimaginable levels, but always keeping her feet on the ground and acknowledging the enormous responsibility she claims to bear: the guardian of the free world. A “guardian of the free world” is expected to make every effort to preserve that freedom. Instead, von der Leyen has done everything to erode and erase it from the map. Instead of setting an example of elevating and exalting our civilizational values, the European Commission and all the actors parading around the European Council have chosen to adopt a rigid, backward, isolationist, and sectarian stance. “I won’t move from here,” “I won’t talk to them,” “I won’t even think about them!” The EU is the only bloc today that behaves this way, except for Israel with the Palestinians. This should give us much to think about.

But this isn’t even the biggest problem with von der Leyen’s proposal. I’m not even talking about the arbitrariness of a commission composed of unelected bureaucrats proposing draconian rearmament plans, which the Council approves almost unanimously, without criticism, except for Orban. It’s more than that. Von der Leyen doesn’t have the authority to approve such a thing, nor can she force member states to spend this money, or compel them to approve eurobonds that would allow such a magnitude of debt. I’ve mentioned in other articles that by 2026, with a military budget exceeding 600 billion euros, the EU and its member states will already be close to spending 3-4% of GDP on armaments, as Trump desires—the same Trump they claim not to align with. With this increase proposed by von der Leyen, 5% of GDP would be guaranteed.

The truth, however, is that when we look at the proposals, we see that what’s on the table is a line of credit, available to member states, worth 150 billion euros, with the remaining amount coming not from the “European Union,” but from the member states themselves. To facilitate this, the EU will discuss proposals to exclude military spending from the limits imposed by the Stability and Growth Pact, allowing increased investment in armaments to not count toward deficit or public debt limits. In other words, if it’s for weapons, states can borrow as much as they want.

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“..the news of lower inflation..”

• This Is Literally The Worst News Democrats Could Get Right Now (Margolis)

The left’s desperate attempts to paint Donald Trump’s second term as an economic disaster are crumbling faster than Hunter Biden’s art career after his daddy left office. After spending four years gaslighting Americans about “Biden’s amazing economy” while families struggled to put food on the table, Democrats have suddenly discovered that inflation exists — and they’re trying to pin it on Trump. How convenient. House Minority Leader Hakeem Jeffries (D-N.Y.) recently embarrassed himself on ABC News when he claimed, “Donald Trump and Republicans consistently promised that they were going to lower the high cost of living, and they’ve done the exact opposite.” That’s not what the facts say at all. Remember when the left couldn’t stop squawking about egg prices? Well, those same Democrats are mysteriously quiet now that egg prices have plummeted.

After reaching an all-time high of $8.17 per dozen in early March, egg prices have plummeted to $5.51. Democrats will be sad to know that this is below the $7 average price when President Trump took office in January. But that’s not all — gas prices have dropped for three straight weeks. Funny how we’re not seeing wall-to-wall media coverage of these positive developments. The Democrats’ economic fearmongering hasn’t aged well. Their claims that Trump would cause runaway inflation have been proven laughably wrong. For Our VIPs: Sorry Dems, but the Trump Recovery Is Underway. The latest economic data shows inflation cooling to 2.8% year-over-year in February, with monthly inflation at just 0.2% — both numbers came in below expectations.

Even CNN had to swallow their pride and report on these positive developments. CNN’s Matt Egan had to concede that the latest economic report was “good news on the economy,” and he emphasized that inflation is “really the number one issue for many Americans.” He noted that both the annual and monthly increases were “a step in the right direction, and both were better than expected.” “This is definitely very encouraging to see,” Egan continued, adding that it is going to “relieve some fears that inflation was perhaps reaccelerating.” He pointed out that February’s report “actually breaks a streak of four straight months… where the inflation rate was going in the wrong direction, right? It was going higher and higher. Finally, we’re seeing it dip.”

Americans may finally be seeing some relief from Bidenomics. Remember how Democrats were lamenting the recent stock market woes? The market has rallied in the wake of the news of lower inflation. This is exactly why Americans are turning their backs on the Democrats’ economic policies. While Biden and his cronies were telling us to lower our expectations and accept sky-high prices as the “new normal,” Trump has been delivering actual results. The stark difference between Democrat rhetoric and reality couldn’t be clearer. Maybe it’s time for Democrats to admit what the rest of us have known all along: their economic policies failed miserably, and Trump’s America First approach delivers results for working families. But don’t hold your breath waiting for that admission — they’re too busy planning their next round of failed talking points.

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Smells like lawfare.

• Shutdown Schumer, the Shifty Democrats And a Government Standstill (Thorne)

D.C. Democrats have always ruled the shutdown game. When they are in charge of Congress, they are positively allergic to passing a budget, let alone a balanced one. They prefer to clobber Republicans over the head with shutdown showmanship, ultimately getting their spendthrift way while reaping the fringe benefit of demolished approval ratings for their rival party. Here’s how it works: Democrats sit on their hands and do nothing about spending until the budget deadline looms. Once they are operating in a time-crisis setting, Democrats put forth a grotesque, bloated, and usually immoral omnibus spending bill rife with grift for their friends and economic incontinence. Republicans naturally recoil at this abomination and refuse to vote for it. Democrats and their media allies then bray that Republicans are obstructionists.

If the deadline passes without an agreement, the blame is uniformly heaped upon the Republicans. It is always they, never the blameless Democrats, who shut down the government by refusing to pass the perfectly good spending resolution the Democrats produced. If there is a Democrat president, he does his part by making the shutdown as absurdly public and painful as possible. Who can forget Barack Obama somehow finding employees who were magically exempt from furlough to put up fences around open-air monuments and parks? And to enforce closure of 1,100 square miles of open ocean off the coast of Florida? The compounded applied pressure — generally combined with a greasy offering of pork — is intense enough to shake loose just enough persuadable Republicans to pass everything the Democrats want.

In fact, Republicans were savaged and rolled with this technique enough times that after a while, all the Democrats had to do was threaten to shut down the government to get enough GOP senators to capitulate. But things are different now. Democrats aren’t in power in Congress or the White House, and their media arm has finally lied itself out of relevance. On Tuesday, the Republicans in control of the U.S. House passed a continuing resolution that would keep the government running until this summer — without profligate spending increases — and passed it along to their colleagues in the Senate. Senate Minority Leader Chuck Schumer took to the floor Wednesday, still trying to play the Democrats’ game of blaming the Republicans for his party’s obstructionism. “Funding the government should be a bipartisan effort,” droned Schumer dolorously.

But alas, those dastardly Republicans “chose a partisan path, drafting their continuing resolution without any input — any input! — from congressional Democrats. Because of that, Republicans do not have the votes in the Senate to invoke cloture on the house CR.” Republicans brought this shutdown upon themselves, you see. Meanwhile, said Schumer, the virtuous Democrats were “unified on a clean April 11 CR that will keep the government open and give Congress time to negotiate bipartisan legislation that can pass.” Finally, he expressed his fervent hope that “our Republican colleagues will join us to avoid a shutdown on Friday.” But somehow, the blame does not seem to be falling on the Republicans this time. “With Schumer saying that Democrats are not ready to proceed, the Democrats hold the cards,” explains ABC News Delaware affiliate 6ABC. “If they do not furnish the votes to clear this procedural hurdle and get on to the bill, things could be at a stand still, and a shut down could be on the horizon.”

Meanwhile, House Democrats are urging their Senate colleagues to vote no on the funding bill they almost unanimously opposed when it passed through the House on Tuesday evening. “House Democrats are very clear. We’re asking Senate Democrats to vote ‘no’ on this continuing resolution, which is not clean, and it makes cuts across the board,” said Vice Chair Ted Lieu, flanked by five other members of House leadership at a press conference at the Issues Conference at the Lansdowne Resort. Lieu’s comments came before Schumer pushed for a 30-day clean stopgap bill. House Minority Leader Hakeem Jeffries said that conversations are “continuing” with Schumer all the way down to rank-and-file Democratic members about keeping the Democratic caucus united against the bill. “The House Democratic position is crystal clear as evidenced by the strong vote of opposition that we took yesterday on the House floor opposing the Trump-Musk-Johnson reckless Republican spending bill,” Jeffries said.

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Was anything not fake?

• Old Joe’s Fake Oval Office – and Its Fake News Apologists – Exposed (Victoria Taft)

Joe Biden’s stage set is to the Oval Office what Dylan Mulvaney is to women: completely fake. We know that now, but there was a time when the media said all claims that Joe Biden was working from a virtual or fake Oval Office were considered to be “fake news.” Now, with Trump White House adviser Alina Habba personally finding the fake Oval Office set and showing it to the public in a video, people are discovering the story all over again. From January through September 2021, Joe Biden’s water carriers in the media went out of their way to “debunk” the claims that he was doing appearances from a phony Oval Office, a Hollywood-like set. Here’s a Reuters “fact check” that gives you an idea of how completely in-the-bag the White House media were for the man who ran for president from a set in his basement.

“Social media users have shared photos of President Joe Biden in the Oval Office, claiming they provide proof that the office is fake or a film set. The “evidence” includes a supposed change in wallpaper, allegedly darkened windows and claims that former President Trump is walking in the background outside the office. Reuters has examined each of these photos and found none of the claims to be true.” Reuters’ “debunking” went on to link Facebook posts that are no longer available, probably because Mark Zuckerberg’s social media platform instituted censorship on all posts that were from “right wing” sources that took a verbal shot at the man “saving democracy:”

“As so-called evidence, the post includes a series of photos [it] says show that Trump can be seen in the window behind Biden; the color of the rug has changed from Trump’s Oval Office; there is a tank outside the window; the background in the windows behind Biden does not match that of Trump’s Oval Office (here, here); the windows are darkened; the wallpaper is not the same as Trump’s Oval Office; and the post also includes photos of Oval Office movie sets”. When Politifact was at the center of the censorship industrial complex, it, too, “fact checked” the claim in its usual way; it took the claim, changed it, fact-checked the change, and pronounced the whole thing to be false. Here’s Politifact: “Since President Joe Biden was inaugurated in January 2021, false claims that his presidency is staged have proliferated online. We’ve debunked social media posts that a White House event was filmed at Tyler Perry Studios in Atlanta, and that his administration created a fake set for him to get a booster shot.”

Neither was true. Remember: the original claim was that Biden had a fake Oval Office. Charlie Kirk of Turning Point USA took a victory lap when he saw the Biden Administration optics as Joe got a COVID shot on a set: Here’s another Politfact fact check from September 2021 listing a Facebook meme as false. The headline reads, “No, White House didn’t create fake set just for Joe Biden’s booster shot.” The supposed fact-checking outfit was looking into a meme featuring a photo of Joe getting a COVID shot on the Hollywood-style set that said, “[The White House] created a fake set for (President Joe) Biden to get his booster shot. The entire Biden presidency is one giant charade.” You can see what they did there. The claim was that the Oval Office with the COVID shot was fake.

Politifact conflated that claim with the poster’s opinion that the “entire Biden presidency is one giant charade” and then denounced the whole thing as false. (Later, when proven wrong, Politifact went back and changed its fact check to include a revised version of the story it got wrong in a highlighted box with an “If your time is short” prompt to keep eyes off its incorrect story). Have I ever told you about Politi”fact”, as I call it, fact-checking a claim I made on the radio and my website about bike lanes in Portland? I provided photos and everything. The Politi”fact” reporter checked my claim and pronounced me a liar. When I called her out, the fake fact checker admitted that she checked when it was dark so she couldn’t see properly to verify my claim. She never removed her fake “fact check.”

And then, in October 2021, Newsweek tried to paper over Fourth Estate’s fake news about the Hollywood set in a clean-up piece entitled, “Why the White House Built a Fake Oval Office for Joe Biden.” There, the reporter pacified, “But there is a logical explanation as to why the White House has decided to construct a set version of the Oval Office.” This is the back story that Alina Habba referred to when she sent this video from the fake Oval Office this week. The fake Oval Office production set is in the Eisenhower Executive Office Building, which is part of the White House complex.

This map is from the White House tour office. Note how close the West Wing is to the Eisenhower Executive Office Building.

Since it’s so close to the Oval Office (and probably accessible via tunnel or shortcut, but that’s classified), I propose liberating the rooms used by White House Correspondents in the West Wing and relocating the media to the auditorium in the Eisenhower Executive Office Building, where the fake Oval Office is. Move them all, offices and press room — the whole shebang. The West Wing is crammed full as it is, so why not move the fake news to the fake Oval Office?

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“Made in China 2025” is a plan from 2015.

• Made in China 2025 – Revisited (Pepe Escobar)

Now let’s focus on China’s extremely complex domestic equation. At the opening of the Two Sessions, Premier Li Qiang came up with a rallying call for the whole nation to rise up to a series of “very challenging” goals, including growth of 5% in 2025 (it was 4.9% last year). Essentially, to revitalize the economy, Beijing will issue 1.3 trillion yuan (around US$182 billion) in ultra-long special treasury bonds. The deficit-to-GDP ratio was set at around 4%. The official policy of “opening up” will reach the internet, telecoms, healthcare and education industries – meaning more opportunities for foreign investors and possible partnerships up and down the industrial supply chain. All those moving parts of the ambitious Made in China 2025 tech project will be on overdrive: AI, smart terminals, the Internet of things, 5G, plus a new mechanism set up for “future industries” to support hi-tech domains,including biomaterials manufacturing, quantum technology, embodied intelligence and 6G.

Premier Li enthusiastically praised the role of regional growth drivers such as the Greater Bay Area – the super high-tech cluster in Guangdong province linked to Hong Kong. Predictably, he extolled the “one country, two systems” model and the further economic integration of both Hong Kong and Macau. Arguably this is the best analysis anywhere not only of why Hong Kong-based CK Hutchinson had to get rid of its port operations in the Panama Canal, but also because it offers a crisp Chinese evaluation of the “three powers” behind Trump 2.0: Wall Street, heavy industrial capital (energy, steel, mining) and Silicon Valley. CK Hutchison Holdings, founded in Hong Kong by notorious tycoon Li Ka-shing, essentially had to sell 80% of Hutchison Port Group, a subsidiary that owns 43 container ports in 23 countries, including a 90% stake in the Balboa and Cristobal docks at either end of the Panama Canal, because of hardcore geopolitics. Hutchison will continue to control its ports in China, including Hong Kong.

President Trump made a huge fuss about the BlackRock-led deal. The view in Hong Kong is more pragmatic. Hutchinson was not eager to engage in a furious court battle in US courts – not to mention potential sanctions. So they chose to opt for a “strategic exit”. Premier Li noted how consumption in China now is “sluggish” and, somewhat euphemistically, how there were “pressures on job creation and income growth”. Enter a promised “vigorous boost” to household demand, plus the creation of 12 million new urban jobs, with help focusing on fresh university graduates and migrant workers. In parallel, Beijing will expand its military budget by only 7.2% in 2025, reaching roughly 1.78 trillion yuan (US$ 245 billion). That’s not much compared to the Pentagon budget.

It’s quite enlightening to observe the proposals of the Two Sessions – and the tone-setting by Wang Yi – in relation to the analysis by a certified Asian star such as former Singaporean ambassador to the UN Kishore Mahbubani.
Kishore once again resorts to Sun Tzu, explaining how Chinese rulers always privilege the best way to win as not fighting kinetic wars. What matters is to coordinate expansion – epistemologically, educationally, economically, industrially, techno-scientifically, financially, diplomatically, militarily – under the aegis of deterrence. The bottom line is that Beijing will not be trapped by any possible, bombastic provocation coming from Trump 2.0. Once again, it’s all about “coordinated expansion”.

Example. The Australian Strategic Policy Institute, partly funded by the Australian military, and frankly Sinophobic – and Russophobic – at least did something useful by developing a Critical Technology Tracker of 64 current, critical technologies. This is their latest report, from August 2024. It shows that between 2003 and 2007, the US led in 60 of 64 technologies. China led in only 3. Cue to between 2019 and 2023: the US led in only 7, whereas China led in 57 – including semiconductor chipmaking, gravitational sensors, high-performance computing, quantum sensors, and space launch technology.

All that is inextricably linked to the successful planning – and achieved targets – of Made in China 2025. Talk about two five-year plans back to back (Made in China was conceived in 2015). So this is what China 2025 will be all about: serious investments coupled with lots of partnerships with the whole Global South. Once again, in a sort of Sun Tzu framework tweaked by Bruce Lee, China is bound to use Trump 2.0 and the coming mix of confrontation, competition and periodic negotiation as a trampoline to expand its global reach even further. That might be one of the unstated meanings of what Xi Jinping told Putin in Moscow nearly two years ago: “Changes unseen in a century.” Beijing will be sure to find shelter from the storm – any storm. And without having to fight a single kinetic war.

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Mother and son

Humming rain

Puli

 

 

Book of Enoch

 

 

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Debt Rattle July 18 2024

Jul 182024
 
 July 18, 2024  Posted by at 9:00 am Finance Tagged with: , , , , , , , , , , ,  53 Responses »


Salvador Dali Elephants 1948

 

• Assassination Attempt Changed My Father – Donald Trump Jr. (RT)
• Iwo Jima 2.0: What Story Is This Picture Telling? (Pepe Escobar)
• The Assassination Attempt (Paul Craig Roberts)
• Secret Service Explains Why It Didn’t Secure Roof Used By Trump Sniper (RT)
• Secret Service Explanations For Security Failures Not Adding Up (ZH)
• US Republicans Subpoena Secret Service Director (RT)
• The Near Miss Assassination Hit the Mark with Press and Pundits (Turley)
• Schumer Says “Best For -Positive For COVID- Biden To Drop Out Of Race” (ZH)
• Anti-Biden Dems Rush To Block DNC’s ‘Virtual Nomination’ Scheme (ZH)
• Biden Losing Support in 14 Key States Ahead of November Election (Sp.)
• EU Parliament Condemns Orban’s Peace Efforts (RT)
• EU’s Rebuke Of Orban’s Peace Mission Speaks For Itself – Kremlin (RT)
• Russia Empowered by ‘Naive and Ignorant’ Western Aggression – Scott Ritter (Sp.)

 

 

 

 

https://twitter.com/i/status/1813224984749482247

 

 

 

 

Campaign ad

 

 

Bongino

 

 

Mike Benz

 

 

Eric Trump Vivek
https://twitter.com/i/status/1813366330323599778

 

 

 

 

Tucker

 

 

JD Vance

 

 

Brame
https://twitter.com/i/status/1813404218553737447

 

 

One hour
https://twitter.com/i/status/1813685098790940804

 

 

 

 

“I think there will be something. I think these are momentous occasions that change people permanently.” [..] “..a lot changes once you’ve got shot in the face.”

I love how much he loves his granddaughter.

• Assassination Attempt Changed My Father – Donald Trump Jr. (RT)

Former US President Donald Trump was “changed permanently” by the attempt on his life over the weekend, and will be a more moderate figure going forward, his son, Donald Jr., has told Axios. Trump narrowly avoided death at a campaign rally in Butler, Pennsylvania, on Saturday, when an assassin’s bullet clipped his ear as it whizzed past his head. Firing from a rooftop around 500 feet (150 meters) from the stage, the gunman killed one spectator at the rally and wounded two others before he was shot dead by Secret Service snipers. Speaking to Axios on the sidelines of the Republican National Convention (RNC) in Wisconsin on Tuesday, Trump Jr. said that he was fishing with his family when his fiancee told him his father had been shot. “Kim calls me [and said], ‘Your father was shot,’” Trump Jr. recalled, adding that “It was 90 minutes before I even knew he was alive.”

Trump returned to his feet almost immediately after the shooting, pumping his fist in the air and telling his supporters to “fight!” before he was ushered away by Secret Service agents. However, Trump’s defiance has apparently given way to a more conciliatory approach to politics. Speaking to the New York Post on Sunday, the Republican presidential candidate said that he had written “an extremely tough speech… all about the corrupt, horrible administration” for delivery at the RNC on Thursday, but “threw it away” and began working on a speech to “unite our country” following the assassination attempt. “You know, I think it lasts,” Trump Jr. said of his father’s apparent mellowing. “There are events that change you for a couple minutes and there’s events that change you permanently.” “Now again it’s Trump so [he’s] still going to be reactionary,” Trump Jr. added. “[Trump will] always be a fighter, that’s never gonna change, but he’s gonna do, I think, his best to moderate that where it needs to be.”

“He’s going to be tough when he has to be,” he continued. “We’ve seen that, he’s never gonna change. But I think there will be something. I think these are momentous occasions that change people permanently.” Trump Jr. told Axios that he worked with his father on the original speech, which he described as “hot.” “And by the way, I think it probably should have been at that time,” he said. “But again, a lot changes once you’ve got shot in the face.” Trump made his first public appearance after the shooting at the RNC on Monday, looking visibly emotional as he entered the event to thunderous applause. He was officially confirmed on Monday as his party’s nominee to challenge President Joe Biden in this November’s election, and is set to address the convention on Thursday.

Kai
https://twitter.com/i/status/1813767878354903546

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“..Joe Biden was expressly chosen for what he is: a crude, corrupt, easily-manipulated lackey, and head of a crime family..”

• Iwo Jima 2.0: What Story Is This Picture Telling? (Pepe Escobar)

The Iwo Jima 2.0 pic, immortalizing the Trump fist surviving an assassination attempt, has taken the world by storm – generating everything from a meme tsunami on China’s Weibo to fresh anime in Japan. Not to mention the deluge of hats and T-shirts. This carefully composed pic changes everything – in more ways than one. So let’s engage in a first attempt to deconstruct it. We start with the major losers. The combo running Crash Test Dummy’s teleprompter/earpiece set up is essentially composed by Mike Donilon, Steve Richetti, Bruce Reed and Ted Kaufman. Government functionaries like Jake Sullivan and Little Blinkie, for their part, are placed at the heart of what is known in Washington as the “inter-agency” racket, better described as The Blob. The inestimable Alastair Crooke has explained how Sullivan and Little Blinkie’s deliberations are “spread through a matrix of interlocking ‘clusters’ that includes the Military Industrial Complex, Congressional leaders, Big Donors, Wall Street, the Treasury, the CIA, the FBI, a few cosmopolitan oligarchs and the princelings of the security-intelligence world.”

Yet the key – invisible – point is who (italics mine) tells Sullivan and Blinkie what to do. These are the people who really (italics mine) run the show: the Big Families, and the Big Donors – old money and especially new money (as in invisible Vanguard shareholders). They are all stunned. They never thought it would come to this debacle – even if Joe Biden was expressly chosen for what he is: a crude, corrupt, easily-manipulated lackey, and head of a crime family. Everyone in a position of real power in the Blob knew he was becoming a zombie ages ago. There’s fierce debate across the Beltway over how many factions are at war with each other inside the Dem blob. There are at least three:

1.The Biden crime family – on which tens of thousands of people with cushy jobs and fat salaries depend. 2.The down-ballot Dem machine – an “extended family” of other tens of thousands who will lose badly, in elections or re-elections, in the event of a Trump 2.0. These are the ones who want to throw Crash Test Dummy under the – retirement home – bus and replace him with a Dem they hope and pray might win (the number one candidate is the uber-incompetent Kamala Harris). Needless to add, these two factions not only are at vicious Hot War against each other but also at war with… 3.The ones who really matter: the actual Deep State – from the “intelligence community” to webs woven inside the CIA and the FBI. This is the infernal machine that actually gave the White House on a platter to Biden in 2020. Dem Chuck Schumer once famously proclaimed: if you cross this faction, they have “Six Ways from Sunday” to get to you, destroy you, or whack you. With total impunity.

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Good point: “..the official narrative might have been prepared to cover a successful assassination, not a failed one..”

• The Assassination Attempt (Paul Craig Roberts)

Some say that it is too early to know what explains Trump’s near assassination. However, a good case can be made that we already know all we will ever know. The passage of time simply allows official narratives to be constructed, and they are used to muddy the waters. I support the calls for an official investigation, but government investigations are always coverups. Think the Warren Commission Report, the 9/11 Commission Report, the NISH Report. If there is an investigation, nothing will come of it, and if by chance it does the presstitutes won’t report it. We have all the information we need to form an opinion. Earlier I wrote that we have three choices of explanation for which there is evidence. But two of the explanations merge into one. The withholding by the foreign-born director of the Department of Homeland Security of adequate Secret Service resources from the Trump campaign can be merged into the incompetence explanation. So we have two choices, both supported by evidence or circumstantial evidence: Secret Service incompetence and a pose of incompetence to coverup an organized assassination.

The most certain fact we have is that despite the protective presence of the Secret Service and local police, Donald Trump was nearly killed, one person was killed, and two were seriously injured. None of the shooting was prevented by the Secret Service and local police, who went into action only after Trump was down and presumably dead. So what we have is the total failure of the Secret Service. What can explain such total failure? Some say the sacrifice of professional competence to diversity and inclusion. And there is evidence for this. The Biden regime is yet to make a single appointment based on merit and ability. All appointments have been made on a race, gender, and sexual preference basis. Secret Service professionals have complained of these non-professional appointments and pointed out that the competence of the agency has been compromised by “diversity, equity, and inclusion.” The reason aside, whether incompetence or complicity, clearly the Secret Service director failed.

She failed to protect Trump, and if it was an official assassination, she failed to eliminate the target. So, will she resign? Of course not. She will be promoted to some higher office exactly as all were who failed to prevent the 9/11 attack on the US. Let’s look at some of the indications that incompetence is a cover for a plot to assassinate Trump. The first thing that struck me was the unprotected roof tops of the buildings. As a former Assistant Secretary of the Treasury from the days when the Secret Service reported to Treasury Assistant Secretaries, this struck me as inconceivable. I also found it inconceivable that a person carrying a rifle could appear in a protected area and climb upon a building with a clear shot at an allegedly protected person and not be accosted. Initially, we were told that the buildings had, somehow, escaped the protected zone. But later we learned, for what it is worth, that the building with the assassin on top was occupied by police or Secret Service forces. How is it possible that the assassin was not seen and apprehended?

We do know that the Secret Service was complicit in the assassination of President John F. Kennedy and Robert F. Kennedy, thus depriving America of an educated and aware leadership. We do know from the civil case the Martin Luther King family won that the official account of Martin Luther King’s assassination is a cover up of what seems to have been a FBI operation. So many books have been written by insiders documenting the CIA’s assassination of foreign leaders who took a different line from the line that Washington insisted on imposing that we have hard evidence that Washington uses brute force to enforce Washington’s agenda.With the Disunited States–the blue and the red–more divided than the division caused by the North’s determination to impose a tariff regime at the expense of the South, Trump’s notion that he can achieve unity is a fantasy. There is no possibility of unity. Good and evil cannot be unified.

Trump’s responsibility, assuming a second and a third assassination attempt does not succeed, is to root out the evil in Democrat hands, in liberal-left hands, in intellectual hands, that has turned the United States of America into a Sodom and Gomorrah Tower of Babel. Trump cannot raise his fist and say “fight, fight, fight,” and then compromise with his and our enemies to unite Americans with evil. The one thing that keeps me from being convinced that the attempted assassination was a deep state plot to rid themselves of Trump is the absence of a pre-prepared narrative to be repeated endlessly by the presstitutes. However, the official narrative might have been prepared to cover a successful assassination, not a failed one. Therefore, there is no ready narrative. It will be interesting to see what narrative the ruling elites construct.

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“The Secret Service director said, ‘don’t worry, we didn’t put someone on the roof because it could’ve created a dangerous situation.’ Like what? Someone getting shot in the head?”

• Secret Service Explains Why It Didn’t Secure Roof Used By Trump Sniper (RT)

Kimberly Cheatle, the head of the US Secret Service, has cited safety concerns as the reason why her agents were not deployed on the roof of the building from which the would-be assassin targeted presidential candidate Donald Trump. Trump narrowly escaped death during a campaign rally in Butler, Pennsylvania on Saturday. His Secret Service detail reacted only after a bullet nicked his ear. One rallygoer was killed and two others seriously injured. “That building in particular has a sloped roof at its highest point. And so, you know, there’s a safety factor that would be considered there that we wouldn’t want to put somebody up on a sloped roof,” Cheatle told ABC News on Tuesday. “And so, you know, the decision was made to secure the building, from inside.” The shooter, identified as Thomas Matthew Crooks, was able to climb on top of the factory building and had a clear line of sight to Trump less than 120 meters away.

The roof in question was far less sloped than the one behind the rally stage, where Secret Service counter-snipers were positioned. Cheatle’s explanation was met with outrage and disbelief among experts. Joe Kent, a former Army Special Forces officer now running for Congress, wondered why the Secret Service didn’t secure access points to the building. “The Secret Service director said, ‘don’t worry, we didn’t put someone on the roof because it could’ve created a dangerous situation.’ Like what? Someone getting shot in the head?” said Dan Bongino, a former Secret Service agent turned-conservative talk show host. Homeland Security Secretary Alejandro Mayorkas has said Secret Service “failure” played a part in Saturday’s events, but that he has “100% confidence” in Cheatle.

The attempted assassination was “unacceptable” and “something that shouldn’t happen again,” the Secret Service director told ABC News, but added that she has no intention of resigning. Cheatle also did not address criticism that Trump’s protection detail included three women who were much smaller in stature than the Republican presidential candidate. The Secret Service chief, who was appointed by President Joe Biden, has previously said she would prioritize diversity, equity and inclusion (DEI) practices, such as hiring more women and minorities. “DEI is one thing, competence and effectiveness is another, and I saw DEI out there,” former FBI Assistant Director Chris Swecker told the New York Post after the Butler shooting. When Trump appeared at the Republican National Convention in Milwaukee on Monday, his security detail was composed entirely of men close to him in height.

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“..the “Secret Service was in charge,” and that “it was their responsibility to make sure that the venue and the surrounding area was secure.”

• Secret Service Explanations For Security Failures Not Adding Up (ZH)

In the wake of Saturday’s attempted assassination of Donald Trump, the #1 question is how the Secret Service could have failed to secure a rooftop a little over 400ft away – which former Army sniper Rep. Cory Mills called a “sniper’s paradise” that was so obvious he wondered aloud whether it was an “intentional” failure. And in typical government fashion, their excuses aren’t adding up. Sloped roof? According to Secret Service Director Kimberly Cheatle – who has rejected calls to resign, there was no agent placed on the building because it had a “sloped roof.” “That building in particular has a sloped roof at its highest point, and so there’s a safety factor that would be considered there, that we wouldn’t want to put somebody up on a sloped roof,” she said in a Tuesday interview with ABC News. “So, you know, the decision was made to secure the building from inside.” This is obviously absurd. For starters, the counter-snipers near Trump were perched on a roof with a steeper slope.

Snipers had eyes-on the shooter before Trump went onstage: Conspicuously absent from the Secret Service’s explanation are reports that a local PD sniper stationed on the second floor inside the building saw the shooter, Thomas Matthew Crooks, outside the building and looking up at the roof. He then walked away, returned, whipped out his phone, when one of the snipers took the first of two pictures of him. Crooks then took out a rangefinder – at which point the sniper radioed to a command post. Crooks then disappeared again and came back a third time with a backpack. The snipers called in once again with information that he had a backpack and that he (Crooks) was walking toward the back of the building. By the time other officers came for backup, he had climbed on top of the building and was positioned above and behind the snipers inside the building, the officer said. Two other officers who heard the sniper’s call tried to get onto the roof. State police started rushing to the scene, but by that time, a Secret Service sniper had already killed Crooks, the officer said. -CBS News.

So – law enforcement had eyes-on the shooter the entire time, took pictures of him, notified their command post – and nothing was done until Crooks shot Trump, at which point Secret Service snipers returned fire and killed him. Secret Service spokesman Anthony Guglielmi has said that local police officers radioed agents about a possible suspicious person before Mr. Trump came onstage. It’s unclear if the sniper teams were alerted. -NYT. What’s more, a Butler County Sheriff Michael Slupe told CNN that a Butler Township officer encountered Crooks on the roof of the building before the shooting, but retreated down a ladder after Crooks pointed his gun at him. According to Slupe, there was a security failure, but said “there is not just one entity responsible.” Three hours? Further complicating matters is a NYT report citing a law enforcement official who said that the local PD forces were in an adjacent building, not the one the shooter was firing from.

Nothing from the Secret Service on this report – and not one mention of it in today’s breakdown in the Washington Post – which is now suggesting that the slope could have hindered counter-snipers’ view. [..] In the immediate aftermath of the shooting, the Secret Service blamed local law enforcement for failing to secure the building, and vice-versa. “There was local police in that building – there was local police in the area that were responsible for the outer perimeter of the building,” Cheatle said during her interview with ABC News. Yet – according to Butler County DA Richard Goldlinger, the “Secret Service was in charge,” and that “it was their responsibility to make sure that the venue and the surrounding area was secure.” “For them to blame local law enforcement is them passing the blame when they hold the blame, in my opinion,” he told the Washington Post on Tuesday. One former Secret Service agent told CNN: “The Service is responsible for everything, not just the inner perimeter. They should make sure all of this is covered.”

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She has DEI written all over her. She’s the embodiment of how dangerous that is.

• US Republicans Subpoena Secret Service Director (RT)

The Republican-run House Oversight Committee has issued a subpoena compelling Secret Service Director Kimberly Cheatle to testify on Capitol Hill about her agency’s “total failure” to prevent the attempted assassination of former President Donald Trump. The committee first called Cheatle to testify on the day of the attack, and requested specific information related to the incident on Monday. While the Secret Service initially confirmed that Cheatle would sit down with the committee, House Speaker Mike Johnson claimed on Wednesday morning that Homeland Security Secretary Alejandro Mayorkas forbade Cheatle from testifying. “The lack of transparency and failure to cooperate with the Committee on this pressing matter… further calls into question your ability to lead the Secret Service and necessitates the attached subpoena compelling your appearance,” committee chairman James Comer wrote in a letter to Cheatle on Wednesday.

Trump narrowly avoided death at a campaign rally in Butler, Pennsylvania, on Saturday, when a would-be assassin’s bullet clipped his ear as it whizzed past his head. Firing from a rooftop around 500 feet (150 meters) from the stage, the gunman killed one spectator at the rally and wounded two others before he was shot dead by Secret Service snipers. The FBI named the shooter as 20-year-old Thomas Matthew Crooks, but has not released any information about his possible motive. Much about the events leading up to the shooting remains unclear, and Republican pundits have accused the Secret Service of negligence during the crucial hours and minutes before shots were fired.

Despite the building Crooks fired from having a clear line of sight to the stage, no Secret Service agents were positioned there. Local police officers stationed at the building reportedly observed Crooks circling the area, before returning and looking at the stage through a range-finder, typically used by snipers or hunters to gauge the distance to a target. However, CBS News said on Wednesday, that these officers’ reports evidently did not make it to the Secret Service.

Video footage captured by spectators at the rally purportedly showed Secret Service snipers pointing their weapons at Crooks, but hesitating to open fire until the 20-year-old fired first. While Cheatle has not testified before Congress, she has defended her agency’s actions in numerous television interviews since Saturday. In one widely-mocked appearance, she told ABC News that no agents were placed on the roof Crooks fired from as “we wouldn’t want to put somebody up on a sloped roof.” The Oversight Committee’s hearing is scheduled for next Monday. In the meantime, Cheatle has told reporters that she has no intention of resigning.

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“Can someone send me an example of a ‘Bernie Bro’ being bad?” “Republican Representative Steve Scalise of Louisiana replied dryly: “I can think of an example.” Scalise was severely wounded at the 2017 shooting at a congressional baseball game practice by a Sanders supporter.”

• The Near Miss Assassination Hit the Mark with Press and Pundits (Turley)

Winston Churchill once famously said that “nothing in life is so exhilarating as to be shot at without result.” For Donald Trump, the failed assassination attempt in Pennsylvania could prove politically exhilarating. After rising with a fist pump and a call to fight on, Trump seems to have gone from being a movement to a mythological figure with his supporters. All he needs now is a big blue ox named Babe to return to the campaign trail. This assassination attempt should also concentrate the minds of everyone on the escalating rhetoric in this campaign, particularly the media in maintaining inflammatory narratives. Yet, the hateful and unhinged language has continued unabated from academics declaring that the assassination attempt was staged to those who complain that the only problem was that Thomas Matthew Crooks missed.

For years, Democrats have repeated analogies of Trump to Hitler and his followers to brownshirted neo-Nazis. Indeed, defeating Trump has been compared to stopping Hitler in 1933. The narrative began as soon as Trump was elected when the press and pundits uniformly and falsely claimed that Trump had praised neo-Nazis and Klansmen in 2017 as “fine people” in Charlottesville. Watching Trump’s statement at the time, it was clear to most of us that Trump condemned the neo-Nazis and that the statement about “fine people on both sides” was in reference to the debate over the removal of historic statues. It took six years for Snopes to finally have the courage to do a fact check and declare the common attack to be false. It did not matter. The press and politicians have hammered away at the notion that Trump is seeking to end democracy and that everyone from gay people to reporters will be “disappeared.”

After the Supreme Court’s recent ruling on presidential immunity, Rachel Maddow went on the air with a hysterical claim that “death squads” had just been green lighted by conservatives. Democratic strategist Jame Carville insists that Trump’s reelection will bring “the end of the Constitution.” It is all what I call “rage rhetoric” in my new book, “The Indispensable Right: Free Speech in an Age of Rage.” The book explores centuries of rage politics and political violence. This is not our first age of rage but it could well be the most dangerous. Two years before the assassination attempt, I appeared before the Senate Judiciary Committee to testify on the expansion of domestic terrorism investigations. Democrats were seeking to pressure the FBI to focus on far-right groups as potential terrorist groups. The use of political views rather than conduct has been used historically to crackdown on groups from socialists to anarchists to feminists.

The narrative that the threat of violence is coming primarily from the Right is demonstrably false but consistently echoed in the media. We have seen a growing level of leftist violence in the last decade. That includes riots in cities like Portland and Seattle where billions of dollars of damage occurred, hundreds of officers injured, and many citizens killed. In 2020 alone, 25 people were killed in the protests. The Democrats often raise the Jan. 6th riot and it is important to acknowledge that the damage extended to an attack on our constitutional process. However, the preceding protest around the White House caused more injuries and more property damage. Then President Trump had to be removed to a safe location as Secret Service feared a breach of the White House.

There were a reported 150 officers injured (including at least 49 Park Police officers around the White House) in the Lafayette Park riot. Protesters caused extensive property damage including the torching of a historic structure and the attempted arson of St. John’s Church. Mass shootings by leftist gunmen have repeatedly occurred but those are treated as one offs while any conservative shooter is part of a pattern of right-wing violence. Keith Ellison, the Democratic attorney general of Minnesota, mocked the notion of liberal violence. In one tweet, he declared “I have never seen @BernieSanders supporters being unusually mean or rude. Can someone send me an example of a ‘Bernie Bro’ being bad. Also, are we holding all candidates responsible for the behavior of some of their supporters? Waiting to hear.”

Republican Representative Steve Scalise of Louisiana replied dryly: “I can think of an example.” Scalise was severely wounded at the 2017 shooting at a congressional baseball game practice by a Sanders supporter.

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“Only eight days ago, Schumer had a different opinion on Biden: “I’m with Joe.”

• Schumer Says “Best For -Positive For COVID- Biden To Drop Out Of Race” (ZH)

Update (1927ET): Moments ago, ABC News reported that Senate Majority Leader Chuck Schumer, D-N.Y., advised President Biden to end his reelection for the greater good of the country and the Democratic Party. Only eight days ago, Schumer had a different opinion on Biden: “I’m with Joe.” Earlier, according to Fox News, citing multiple sources, Schumer pushed for the Democratic National Convention’s delay as questions soared about the president’s 2024 candidacy. According to Axios, the delay “signals that the congressional leaders sympathize with rank-and-file Democrats who want more time to address concerns about Biden’s ability to defeat former President Trump.” Vice President Kamala Harris’s nomination odds for the party now stand at 50, while Biden’s is at 38. Democratic lawmakers have been urging Biden to drop out since his disastrous debate with former President Trump last month.

Kash Patel


https://twitter.com/i/status/1813703860386730445

Just hours after President Biden mentioned in an interview that he would consider dropping out of the presidential race if diagnosed with a “medical condition,” the elderly president tested positive for Covid-19 this afternoon. UnidosUS president Janet Murguía informed the audience at the organization’s national conference in Vegas about Biden’s diagnosis. White House press secretary Karine Jean-Pierre said President Biden was delivering speeches in Las Vegas when he “experienced mild symptoms.” KJP said the president “will be returning to Delaware, where he will self-isolate and will continue to carry out all of his duties fully during that time.” She noted, “The White House will provide regular updates on the President’s status as he continues to carry out the full duties of the office while in isolation.”

Biden’s doctor reported that the president developed a runny nose and a “non-productive cough” on Wednesday afternoon. “He felt okay for his first event of the day, but given that he was not feeling better, point of care testing for COVID-19 was conducted, and the results were positive for the COVID-19 virus,” the doctor wrote in a statement shared by the White House. The doctor said, “The President has received his first dose of Paxlovid,” adding that Biden’s symptoms “remain mild.” Biden boarded Air Force One in Vegas this evening, the White House pool reported. Where is the president’s mask??

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“It could deeply undermine the morale and unity of Democrats — from delegates, volunteers, grassroots organisers and donors to ordinary voters — at the worst possible time.”

“Great idea. I want that hole in the Titanic as soon as possible.”

• Anti-Biden Dems Rush To Block DNC’s ‘Virtual Nomination’ Scheme (ZH)

Saturday’s near-assassination of Donald Trump likely boosted the former president’s chances of winning the November election — and also forced a pause in what had been a steadily-boiling controversy over President Biden’s fitness to finish the race and start a new term. While Biden’s mental deterioration was nudged out of media spotlight, his campaign was quietly scheming with the Democratic National Committee to orchestrate a “virtual nomination” held weeks before the party convention kicks off on August 19. Now, indignant anti-Biden Democrats on Capitol Hill are organizing a counter-strike. “I just think it’s a terrible idea for the DNC to do this. I just think people see right through it,” said progressive California Rep. Jared Huffman. “At a time when we have this huge enthusiasm gap with the Republicans, to do a stunt like this is just going to make it worse.” Separately, he told CNN, “If the election were held today, he would get crushed. We have got to do something about it.”

The DNC, which rigged the primary process for Biden by refusing to host debates and by rearranging the sequences of state balloting, is now working to hold a “virtual roll call” where delegates would vote online between July 29 and Aug. 5, Axios reports. However, the New York Times reported voting could start as early as Monday, July 22. Either way, the extraordinary advance vote would serve two DNC goals: icing the contest for Biden and avoiding a tumultuous, contested convention next month in Chicago. Democratic “insiders” told the Times that upwards of 80% of delegates would back Biden in a virtual vote. Congressional Democrats who see Biden as a doomed candidate — who threatens to carry down-ballot candidates with him — are now racing against the clock to keep their drive to replace him alive. At the moment, they’re channeling their energy into drafting and circulating a joint letter from House Democrats to the DNC, urging party headquarters to cancel its plan.

Here’s a passage from a draft obtained by the Financial Times: “Stifling debate and prematurely shutting down any possible change in the Democratic ticket through an unnecessary and unprecedented ‘virtual roll call’ in the days ahead is a terrible idea. It could deeply undermine the morale and unity of Democrats — from delegates, volunteers, grassroots organisers and donors to ordinary voters — at the worst possible time.” “People are back to being angry at Biden and a push to sign on to this letter is going around … the ‘replace Biden’ movement is back,” said an unnamed Democratic representative. Texas Rep. Lloyd Doggett, the first congressional Democrat to urge Biden to quit the race, said the virtual-nomination scheme was inconsistent with Biden’s own comments: “Such misguided DNC action would be contrary to President Biden’s own recommendation that those seeking an alternative nominee come to the convention.”

A key milestone in the intrigue will come at 11am this Friday, when the convention’s rules committee conducts a video call. “A majority of its members have deep ties to Mr. Biden and were vetted for their loyalty to him,” reports the Times. Contrary to Axios, the Times reported that virtual nomination balloting could start as early as Monday, July 22. One House representative used creative imagery to describe dissidents’ view of the situation, telling CNN, “The disbelief that they’d expedite the nomination is as widespread as the recognition the DNC is leading Democrats into a house fire with water bottles.”

Word of the behind-the-scenes maneuvering comes as new polling by YouGov shows Trump leading in all seven battleground states. His lead is narrowest in Michigan (+2) and Pennsylvania (+3), and largest in Arizona (+7). Notably, the poll was taken after Biden’s alarmingly poor June 27 debate with Trump, but before Trump survived the assassination attempt at a rally in western Pennsylvania. Beyond the Biden camp, there’s another group that’s wildly enthusiastic about the idea of a virtual vote that locks in the failing, 81-year-old as the Democrats’ standard-bearer: Republicans. When asked what he thought of the DNC’s maneuvering, Citizens United president and Trump 2016 deputy campaign manager David Bossie said, “Great idea. I want that hole in the Titanic as soon as possible.”

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It adds up.

• Biden Losing Support in 14 Key States Ahead of November Election (Sp.)

Incumbent US President Joe Biden is losing support in 14 key states, which are gradually turning to his predecessor and rival, Donald Trump, ahead of the November elections, CNN reported on Wednesday, citing poll data. The poll, conducted by the BlueLabs pollster, funded by the US Democratic Party, and obtained by CNN, found that Trump is outpacing Biden in Arizona, Georgia, Michigan, Pennsylvania, and Wisconsin, which the incumbent president managed to flip in his favor in the 2020 election. Besides that, people in Nevada, Colorado, Minnesota, Maine, New Mexico, Virginia, New Hampshire, and a part of Nebraska are also losing faith in Biden. The polling also indicated that almost all other Democrats included in the questionnaire are ahead of Biden in battleground states. The four most popular ones are Arizona Senator Mark Kelly, Maryland Governor Wes Moore, Pennsylvania Governor Josh Shapiro, and Michigan Governor Gretchen Whitmer.

On June 27, Biden, 81, appeared confused and incoherent throughout his first debate with Trump, 78, reinforcing rather than alleviating ongoing concerns about his cognitive abilities. His poor performance has led some Democratic politicians and donors to call for his removal as a candidate. There have been growing calls among Democrats to nominate another candidate to replace Biden after his failure in the debate. Theoretically, the party will have such an opportunity at its convention in August, but in practice, it will be difficult to remove the primaries-winning candidate from the race if he does not refuse to participate. So far, Biden is saying he intends to stay in the race. The second Biden-Trump debate is scheduled for September 10. The US presidential election will take place on November 5.

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“Lawmakers have demanded that Hungary be punished for the prime minister’s Russia trip..”

• EU Parliament Condemns Orban’s Peace Efforts (RT)

The European Parliament has strongly condemned Hungarian Prime Minister Viktor Orban’s recent visit to Russia and his Ukraine peace efforts, in the legislature’s first resolution since elections in June. In a press release detailing Wednesday’s resolution, the parliament described Orban’s trip to Moscow to meet with Russian President Vladimir Putin as “a blatant violation of the EU’s treaties and common foreign policy.” The statement went on to claim that the Hungarian leader’s “alleged peace efforts” were “irrelevant,” and that Budapest should face “repercussions” for Orban’s actions. The EU Parliament is holding its first plenary session in Strasbourg this week since elections to the law-making body were held in June.

Budapest currently holds the rotating presidency of the European Council. An adviser to Orban recently said that Hungary plans to use its six-month term to create the conditions for peace talks between Moscow and Kiev. The Hungarian prime minister traveled to Moscow earlier this month to discuss the “shortest way out” of the conflict with Russian President Putin. After the meeting, Orban admitted that there were major differences in how the warring parties viewed the potential resolution of hostilities, but pledged to continue to work to establish contact between them. On a prior visit to Kiev, the Hungarian leader proposed a “quick ceasefire” to Ukrainian leader Vladimir Zelensky, something the latter rejected.

The EU leadership was outraged by Orban’s Moscow visit and has insisted that he did not represent the bloc. Orban, however, has claimed that he does not require a mandate from Brussels to promote peace, noting that his discussions cannot be considered official negotiations. The EU Parliament has stated that the bloc “must continue to support” Kiev “for as long as it takes until victory,” insisting that Ukraine is “on an irreversible path to NATO membership.” Legally binding guarantees that Kiev will not seek to join NATO are among Moscow’s conditions for the end of the hostilities.

MEP
https://twitter.com/i/status/1813832983003992143

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Yes it does.

• EU’s Rebuke Of Orban’s Peace Mission Speaks For Itself – Kremlin (RT)

The EU’s criticism of Hungarian Prime Minister Viktor Orban over his Ukraine peace initiative indicates that Brussels’ pro-war policies will not change, Kremlin spokesman Dmitry Peskov said on Wednesday. The Hungarian leader wants the EU leadership and fellow member states to adjust their policies from arming Kiev to seeking a negotiated resolution with Moscow. He traveled to Ukraine, Russia, China, and the US, before detailing his proposal in a letter sent to Brussels this week. Senior EU and national officials, including Polish Prime Minister Donald Tusk, have blasted Orban for engaging with Moscow. Brussels has reportedly rejected his proposal.

Peskov was asked during a daily press call whether Moscow received the text of Orban’s plan or the EU’s response to it. He said neither document was shared with the Russian government, but conclusions can be made based on the public condemnation of Orban. ”The Europeans have targeted Orban, have disavowed any authority he could claim regarding this issue. They have expressed resolve in supporting Ukraine militarily. I guess that is the answer,” the Kremlin spokesman said. Hungary is currently holding the rotating EU presidency. People unhappy with Orban’s diplomatic engagement with Russia have claimed that he was abusing his country’s role and undermining EU unity in backing Kiev with his action. A letter urging the EU leadership to strip Hungary’s voting rights in the EU was signed by scores of MEPs, according to media reports.

In its first legislative action on Wednesday, the newly elected parliament reaffirmed support for Ukraine and blasted Orban for going “rogue.” The prime minister did not claim that he was acting on the EU’s behalf. Hungarian Foreign Minister Peter Szijjarto told RT that the reaction of “pro-war politicians of the EU” will not dissuade Budapest. The diplomat met with his Russian counterpart, Sergey Lavrov, on the sidelines of a UN ministerial meeting in New York on Tuesday. The Hungarian government has been advocating for peace talks since the beginning of the hostilities in 2022. Brussels’ response to the crisis is misguided and harmful for member states, Orban has argued, citing the economic impact of the sanctions on Russia. Meanwhile, Western military aid has failed to produce a victory on the battlefield for Kiev and has simply exacerbated the costs of the conflict, according to him. Critics claim that Orban’s position is “pro-Russian.”

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“Anti-Russia sanctions have provided Moscow the opportunity to both become more self-reliant and strengthen its alliances with other global powers.”

• Russia Empowered by ‘Naive and Ignorant’ Western Aggression – Scott Ritter (Sp.)

Two years after President Joe Biden claimed US sanctions and export controls were “crushing” Moscow, Russia continues to grow at a faster rate than that of the United States and all other advanced nations. The country’s resilience was confirmed earlier this year by the International Monetary Fund, which predicted Russia’s economy would expand at a rate of 3.2% in 2024. On the diplomatic front Russia is as influential as ever as a key player in the growing BRICS economic bloc, which was recently forced to turn away new members amid strong interest from the Global South. Internally, Russia remains politically stable and unified with President Vladimir Putin enjoying an overwhelming mandate and widespread support for the country’s military operation against Ukraine.

With Russia not only surviving, but thriving against the backdrop of US-led opposition, one can only conclude that Russophobic leaders are operating from a position of deep ignorance and naivete regarding the Eurasian world power. Such is the conclusion of former UN weapons inspector Scott Ritter, who joined Sputnik’s The Critical Hour program Wednesday to discuss the state of relations between Moscow and the West. “The West is under the impression that it can strategically defeat Russia,” claimed Ritter, a former United States Marine Corps intelligence officer. “That means bringing about the existential end to the Russian Federation, as we now understand it. We heard the former Baltic leader turned European Union senior diplomat brag about how she envisioned breaking up Russia into tiny little component pieces,” he noted, referring to comments by Estonian Prime Minister Kaja Kallas suggesting Russia should be split into several “small nations.”

“What they don’t understand are two things,” said Ritter. “Such a desire is literally a suicide pill because Russia’s nuclear arsenal is tied to a doctrine that says if the survival of Russia is placed under existential threat, that Russia will use nuclear weapons to ensure that that threat no longer exists.” “But fortunately we don’t have to worry about that because Russia itself has shown a proclivity not only to be able to outmaneuver the West, turning sanctions against Russia back on the West – a devastating factor – but also turning the attempt to diplomatically isolate Russia back on the West.” Anti-Russia sanctions have provided Moscow the opportunity to both become more self-reliant and strengthen its alliances with other global powers. India has become a major buyer of Russian oil, as has China, which continues to carry on a robust trade relationship with Moscow.

Lavrov

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Rays
https://twitter.com/i/status/1813698457821237433

 

 

Smart bird
https://twitter.com/i/status/1813815449022541942

 

 

Tunnel book
https://twitter.com/i/status/1813827794889297971

 

 

 

 

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Debt Rattle June 7 2022

Jun 072022
 
 June 7, 2022  Posted by at 8:00 am Finance Tagged with: , , , , , , , , , ,  54 Responses »


Pablo Picasso Rest (Marie-Thérèse Walter) 1932

 

• Zelensky Says Ukraine is Being Pushed to Make Concessions to Russia (Celente)
• Blaming Putin Is Helping Putin (Dmitry Orlov)
• Fury In Moscow After Air Closures Block Lavrov Trip To Serbia (AFP)
• Your Show of Shows (Kunstler)
• The White House Keeps Stoking Covid Fears (Bhattacharya)
• COVID-19: Mask Mandates Could Increase Death Rate (Celente)
• Florida Surgeon General Openly Questions Safety Of Covid-19 Vaccines (FP)
• Elon Musk Threatens To Terminate Twitter Deal (PM)
• Biden Admin Quietly Raised Amount of Ethanol Required in Gasoline (CTH)
• Soros Spent $40 Million To Elect 75 ‘Social Justice’ Prosecutors (WE)
• Exasperated Biden Has Only Himself To Blame For Poll Numbers (Levine)
• Why Is Chuck Schumer Trying To Stop Antitrust Reform? (NW)
• Ankara Tries To Sell ‘Ottoman Islands’ Theory (K.)
• Nils Merzel’s New Book Argues Julian Assange Is Being Tortured (Conv.)

 

 

 

 

 

 

 

 

Nuclear warheads
https://twitter.com/i/status/1533811236160290817

 

 

“Zelensky did not specify exactly what parties are beginning to grow impatient..”

• Zelensky Says Ukraine is Being Pushed to Make Concessions to Russia (Celente)

Ukrainian President Volodymyr Zelensky on Monday told reporters that he is starting to feel pressure from the West to negotiate for peace with Russia from a current position of weakness. Ukrayinska Pravda reported that Zelensky told reporters: “I do not have any negotiations on any plans (on the peace plan, which is being discussed by the United States, the European Union and Britain – ed.); such negotiations are currently at zero. Everyone really wants to push us little by little towards some result that is definitely undesirable for us, because we have not been asked yet, but beneficial for other parties that have their own interests. Again, different: both financial and political. “Fatigue is growing, people want some kind of result for themselves, and you and I need a result – for us. Thus, I did not discuss with them the structures for resolving the issue of this war with a positive result for us.”

Zelensky did not specify exactly what parties are beginning to grow impatient with the war but some high-profile people have recently said that Ukraine should consider some kind of concessions to achieve peace. Zelensky and his closest advisers have been adamant that they will not cede one inch of the country to Russia, despite Russian forces and separatists now controlling about 20 percent of the country. Zelensky has said earlier that Russian troops must leave the country before there can be any talk of a negotiate peace, which many see as an unfeasible position. Last week, Dmitry Medvedev, deputy chairman of the Russian Security Council, called Zelensky’s demand idiotic “and unfeasible in principle,” Newsweek reported.

“Anticipating his inevitable defeat, Ukrainian President Zelensky found a convenient way out of the impasse,” Medvedev said. “No country, no problem. His actions and statements prove that now he is ready to put almost everything on the altar of his political ambitions.”

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“The logical steps needed to make it all Putin’s fault are then obvious: the shortages are because of the war and the war is Putin’s fault.”

• Blaming Putin Is Helping Putin (Dmitry Orlov)

The systemic crisis which we are currently witnessing in the West (and in other parts of the world that are too tightly interconnected with the West to avoid experiencing it as well) is objectively being caused by the West itself. But Westerners, being unaccustomed to acknowledging their mistakes (being all superior, indispensable and infallible-like in their own addled minds), are forced to resort to explaining away their epic failures in virtually every sphere by blaming it all on Putin. That is, they don’t even blame Russia in general, but blame Putin personally; after all, Russia can be good and agreeable at times (as it was under Gorbachev and Yeltsin) but Putin makes it misbehave. That’s why it’s all got to be Putin’s fault.

Here’s what it’s come to: an entire President of the United States (or whoever runs his teleprompter), who, in the course of his election campaign, swore up and down that he will take responsibility for whatever happens under his command, now blames “Putin’s Price Hike” so regularly and monotonously that the phrase has become a meme. By now the narrative of “it’s all Putin’s fault” has spread to encompass all of the more sensitive problems: inflation, fuel prices, food price hikes and even… shortages of baby formula! It turns out that the shortages aren’t caused by the discovery of dangerous bacteria in the products of a monopoly producer but by shortages of imported sunflower oil from… the Ukraine. That’s according to the Wall Street Journal, no less! The logical steps needed to make it all Putin’s fault are then obvious: the shortages are because of the war and the war is Putin’s fault.

This wonderful strategy works just fine for the short term, but it has a major vulnerability in the longer term because of a certain mechanism of mass psychology. Superficially, it is simple and seemingly bulletproof: Putin is irrational; he has imperial ambitions, suffers from paranoia, delusions of grandeur, is obsessed with restoring the USSR… Since his motives are irrational, they cannot be dealt with through rational means such as negotiation, diplomacy, compromise and so on. Putin is a crazy dictator with lots of nuclear missiles and so all we can do is suffer. This construct seems good enough for most purposes, such as explaining away social problems, economic issues and failures of leadership. But only in the short term.

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“This was a deprivation of a sovereign state of the right to carry out foreign policy.”

• Fury In Moscow After Air Closures Block Lavrov Trip To Serbia (AFP)

Moscow on Monday furiously condemned the rejection by several European countries of a request for Foreign Minister Sergei Lavrov’s plane to pass through their airspace, forcing him to cancel a trip to ally Serbia. “The unthinkable has happened,” Lavrov told an online news conference in Moscow. “This was a deprivation of a sovereign state of the right to carry out foreign policy.” Bulgaria, Macedonia and Montenegro refused a request from Russia for Lavrov’s plane to pass through their airspaces on the way to Serbia because of sanctions imposed over Moscow’s military action in Ukraine. Lavrov had been due to hold talks with top officials in Belgrade, one of Moscow’s few remaining allies in Europe since the launch of the offensive in late February.

Lavrov described the move as “outrageous”, insisting that Moscow’s relations with Belgrade would not be “destroyed”. He said Moscow had invited his Serbian counterpart Nikola Selakovic to visit Russia in the near future instead. The Kremlin also denounced the moves, with President Vladimir Putin’s spokesman calling them “hostile actions”. “We are convinced that such actions will not be able to prevent our country’s continuation of contacts, especially with friendly countries,” Dmitry Peskov told journalists. Lavrov had previously been forced to cancel a trip to Geneva for disarmament talks in late February, after the European Union closed its airspace to Russian aviation.

A Russian diplomatic source told news agency Interfax there had been no choice but to cancel the visit to Serbia. “Russian diplomacy has not yet learned how to teleport,” the source said. The chairman of the foreign affairs committee of the Russian parliament’s upper house, Konstantin Kosachev, suggested NATO was pressuring the three countries. “We are talking about a NATO demarche, and without the United States it could not have happened,” Kosachev said on Telegram.

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“..as a final indignity — actually, an advertisement to the world of our depraved weakness — the US military is hosting drag queen shows at our European air bases.”

• Your Show of Shows (Kunstler)

The Party of Chaos certainly doesn’t need to reinforce the mass formation psychosis of its base who maintain that the 2020 election was the fairest-and-squarest in US history. The committee members will chant the talismanic phrase “The Big Lie” ad nauseam to ward off reasonable suspicions that they are the ones doing the lying. Since a kind of maniacal stupidity attends all the party’s doings these days, it could easily backfire on them. Even two years later probes are still pending in several swing states, and only a few weeks ago, the documentary 2000 Mules released time-stamped videocam footage of blatant wholesale drop-box ballot-stuffing around the country. Lawsuits filed lately also claim the committee itself is illegally constituted, since House Speaker Nancy Pelosi disallowed (against the rules) the minority Republicans from appointing their own chosen members.

Instead, she did it for them, planting the vehemently hostile rogues Liz Cheney and Adam Kinzinger on it, meaning no witnesses will be called who might refute pertinent details of the “insurrection” narrative already constructed. Much of the testimony presented will be videotaped interviews with Trump White House officials and there will be no accounting for what may be edited out. In other words, you have an obvious setup for a star chamber, a device for disregarding individual rights and fair procedure. The context, of course, as I aver above, is a country that is imploding six ways to Sunday — to paraphrase Chuck Schumer, the Party of Chaos’s Senate leader. At least half the public is already onto the extravagant damage inflicted upon our national life by the beneficiaries of the 2020 election.

Thanks to “Joe Biden,” the dollar is hemorrhaging value, we instigated a war in Ukraine that will lead to global famine and mass refugee events, oil and natgas are unaffordable thanks to our destabilizing of global distribution networks, spare parts are unavailable for every imaginable machine in the land, the business model for farming is broken, real estate is groaning under rising mortgage interest rates, the CDC is still pushing Covid vaccines despite proof that they are ineffective and harmful, cities are overwhelmed with criminal violence and psychotic homeless drug fiends, and, as a final indignity — actually, an advertisement to the world of our depraved weakness — the US military is hosting drag queen shows at our European air bases.

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“..in at least 35% of pediatric “Covid deaths,” Covid couldn’t have been the cause.”

• The White House Keeps Stoking Covid Fears (Bhattacharya)

“I’ve been a huge advocate of keeping schools fully open to in person education since October of 2020,” Ashish Jha, the White House’s Covid response coordinator, tweeted last week. “Still am.” So why is Dr. Jha engaged in scare-mongering about the danger of Covid to children? In a May 30 tweet, Dr. Jha asserted that Covid is “a far greater threat to kids than the flu is.” He linked to an article by Harvard Medical School instructor Jeremy Faust, which claims that Covid killed more than 600 children in 2021, whereas the flu kills “an average” of only 120 children annually. But Dr. Faust’s data are severely skewed, for three reasons.

First, while flu is seldom tested, everyone admitted to a hospital for any reason gets a Covid test. Between October 2018 and September 2019, 1.4 million flu tests were reported to public-health and clinical labs. As of May 31, 2022, there had been 897 million PCR tests for Covid. Second, evidence from audits of death certificates found that 35% of all pediatric deaths in 2020 “had co-occurring diagnosis codes that could not be plausibly categorized as either a chain-of-event or significant contributing condition,” according to a study published by the Centers for Disease Control and Prevention. Put another way, in at least 35% of pediatric “Covid deaths,” Covid couldn’t have been the cause.

Third, Dr. Faust relies on a figure for confirmed flu deaths that is well-known to underestimate actual flu deaths by an order of magnitude. Correcting for the lack of flu testing, the National Center for Immunization and Respiratory Diseases estimated 1,161 pediatric flu deaths in the 2012-13 season rather than the 142 that Dr. Faust reported. For the White House to amplify a false message of high Covid risk for children undermines public health and erodes public confidence. It foments an erroneous assessment of risk and is the kind of misinformation that leads to more school closings as well as burdensome mask and quarantine mandates.

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“Results from this study strongly suggest that mask mandates actually caused about 1.5 times the number of deaths..”

• COVID-19: Mask Mandates Could Increase Death Rate (Celente)

A new study out of Kansas found that mask mandates could be associated with a higher rate of death due to the spread of COVID-19. The observational study, which was published in Medicine in February considered “whether mandatory mask use influenced the case fatality rate in Kansas” from August 2020 to October of the same year, Town Hall reported. Dr. Zacharias Fögen authored the observational study titled, “The Foegen Effect: A Mechanism by Which Facemasks Contribute to the COVID-19 Case Fatality Rate.” He wrote the main takeaway was that “contrary to the accepted thought that fewer people are dying due to infection rates are reduced by masks, this was not the case.”


“Results from this study strongly suggest that mask mandates actually caused about 1.5 times the number of deaths or 50% more deaths compared to no mask mandates,” the German doctor wrote. Fögen’s theory is that hypercondensed droplets caught by masks are re-inhaled and “introduced deeper into the respiratory tract.” The study focused on Kansas because the decision to force masks was up to the 105 counties and 81 refused to impose them. The Centers for Disease Control and Prevention continues to insist that masks are an effective tool in preventing the spread of COVID-19. President Joe Biden has made mask usage one of the central themes in his administration’s fight against the virus. On his first day in office, he signed an executive order requiring masks on federal property and called for their widespread use for 100 days.

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“How can you force people to take a vaccine in order to stop transmission when that vaccine is not effective at stopping transmission?”

• Florida Surgeon General Openly Questions Safety Of Covid-19 Vaccines (FP)

Florida Surgeon General Joseph Ladapo on Friday made some of his strongest statements yet against receiving a COVID-19 vaccine. Delivered at a press conference announcing an agreement with the Special Olympics to lift a vaccine mandate, the Florida Department of Health leader went much further. He called into question the efficacy of COVID-19 shots and whether they are even safe to use. “People will say oh, you know, millions of people have taken these vaccines, they must be safe,” he said. “Well, you can’t know the answer to that when it is taboo to talk about having a reaction after vaccines.” Citing only anecdotal evidence, he suggested the vaccine has produced more side effects than others such as flu shots.


“There’s another vaccine that over 100 million Americans take every year, and it’s the influenza vaccine,” he said. “And the stream of adverse events that I’ve heard from people all over this country after these vaccines is nothing like the years of my life when I’ve been in medicine and have been administering the influenza vaccines. There is a difference, and you can’t say that millions of people getting it excuses you from that.” Regarding vaccine mandates, he said those make no sense based on what science now shows about this coronavirus and about vaccines in use now. “Scientifically, it makes zero sense,” Ladapo said. “How can you force people to take a vaccine in order to stop transmission when that vaccine is not effective at stopping transmission?”

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“..Parag Agrawal, current CEO said that for Musk to undertake this count he would need access to information that is not currently public.”

You can buy this car, but you cannot look at the engine…

• Elon Musk Threatens To Terminate Twitter Deal (PM)

Elon Musk has accused Twitter of “resisting and thwarting” his inquiries about how many fake, or bot accounts are currently on the Twitter platform. Musk has been trying to get this information since his acquisition process for the platform began. Musk has reportedly called Twitter’s unwillingness to provide the information a “clear material breach” to the terms of the agreement that is still under negotiation. As a result, Musk is reserving his right to not complete the transaction.In the letter to Twitter Chief Legal Officer Vijaya Gadde, Skadden attorney Mike Ringler for Musk said that “Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement,” according to CNBC.

He said further that Twitter must provide the information that is being requested, and that the merger agreement requires it. Ringler disputed Twitter’s claim that they are not responsible to give that data in order to close the deal. “Mr. Musk is entitled to seek, and Twitter is obligated to provide,” Ringler wrote, “information and data for, inter alia, ‘any reasonable business purpose related to the consummation of the transaction.'” “At this point,” Ringler continued, “Mr. Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Mr. Musk’s own analysis of that data will uncover.”

The letter, submitted to the SEC, posited that “If Twitter is confident in its publicized spam estimates, Mr. Musk does not understand the company’s reluctance to allow Mr. Musk to independently evaluate those estimates. As noted in our previous correspondence, Mr. Musk will of course comply with the restrictions provided under Section 6.4, including by ensuring that anyone reviewing the data is bound by a non-disclosure agreement, and Mr. Musk will not retain or otherwise use any competitively sensitive information if the transaction is not consummated.”

Musk has been adamant throughout the process that he needs to know how many of the accounts on Twitter are actual humans. There is speculation that if the number is higher than Twitter execs have reported, Musk could negotiate a new buying price that’s less than the $44 billion initially offered and agreed to. Musk and his team have been willing to do the calculations themselves, but Parag Agrawal, current CEO who took over after founder Jack Dorsey left in the fall, said that for Musk to undertake this count he would need access to information that is not currently public.

Read more …

From 10% to 15%. But small engines and older car engines cannot take more than 10%.

(bio-) Ethanol fulfills its promise as an unmitigated disaster.

But wait, didn’t we have a food problem?

• Biden Admin Quietly Raised Amount of Ethanol Required in Gasoline (CTH)

Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply. The previous amount of 10% was raised to 15% by the Environmental Protection Agency (EPA). This is likely to lead to two sets of bigger issues, less food and higher gas prices. First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40 percent of corn grown in the U.S. is used for ethanol. Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn). With farming costs and outputs already under pressure this could be problematic.

Second issue – The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases. This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process. They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers. The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place. However, now that the biofuel requirements for blended gasoline have gone from 10% to 15%, the price of the RIN credits will likely jump.

This will cost refineries billions in additional expenses,…. which will mean the cost of the gasoline from the refineries will increase,….. which will mean the cost of the gasoline at the pump will go higher. The EPA theory is that RIN credits should be expensive thereby forcing all oil refineries to invest in infrastructure that makes the blended fuel. All of the infrastructure from the refinery to the gas station would need to be modified to facilitate the new 15% RFS standard. Again, higher prices at the pumps as a result of oil companies and refineries needing to spend billions on upgrades. Which brings us to issue number three.

Third Issue – “Ethanol is a valuable source of octane in finished gasoline, but it is chemically different than petroleum gasoline and cannot be used in concentrations above 10 percent in small engines — like outboard boat motors, motorcycles, lawnmowers, generators or chain saws — or in any cars made before 2001. Complicating matters further, most cars on the road today still aren’t warrantied to run on gasoline with more than 10 percent ethanol. Retail stations also must have compatible infrastructure in order to sell gasoline with higher ethanol blends.” This issue is known within the industry as “The Blend Wall.”

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America’s future is being shaped by a foreigner who will not see that future.

• Soros Spent $40 Million To Elect 75 ‘Social Justice’ Prosecutors (WE)

Sky-high campaign donations from liberal anti-police billionaire George Soros and his groups have helped to elect 75 “social justice” prosecutors in whose cities jailings have plummeted and crime has surged, according to a new report provided to Secrets. In a 17-page report compiled by the Law Enforcement Legal Defense Fund, a decade of spending has put Soros prosecutors in enough big cities that they represent 1 in 5 people, or about 72 million. That includes about half of America’s 50 most populous cities and counties where 40% of U.S. homicides occur. Soros is a well-known proponent of social justice prosecution, which calls for lighter sentences, especially of minorities. The movement, however, has led to higher crime in some cities and has been decried by pro-law-and-order conservatives.


Police have led the charge against liberal prosecutors who have been refusing to file charges that lead to long prison sentences. In a statement to Secrets, LELDF President Jason Johnson hit the Soros funding. “Soros is using that campaign money and the hundreds of millions more for supporting organizations to quietly transform the criminal justice system for the worse, promoting dangerous policies and anti-police narratives to advance his radical agenda,” said Johnson. He added, “Over the past decade, George Soros has spent $40 million to elect 75 of his chosen prosecutors. In campaigns from Houston and Los Angeles to Philadelphia and Orlando, Soros was the campaign’s biggest spender by far — as much as 90% of the dollars spent in some races. Soros isn’t done yet — he’s already spent another million so far this year on his hand-picked district attorneys.”

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“Let Joe be Joe” is the thinking.”

• Exasperated Biden Has Only Himself To Blame For Poll Numbers (Levine)

Leaks from the White House suggest that Joe Biden is in a snit over his plummeting poll numbers, now that they’ve sunk below those of Donald Trump. He is exasperated that he is not receiving credit for the great achievements of his administration and feels he is a victim of circumstances beyond his control: inflation, rising fuel prices, the border crisis, Afghanistan, the war in Ukraine, school shootings, COVID-19, and so on. Oh, woe is him. So goes the spin. Biden’s solution is to snarl at staff and demand better messaging. First lady Jill Biden and the president’s sister, Valerie Biden Owens, are reported by Politico to be urging him to get out and about more. “Let Joe be Joe” is the thinking.

But isn’t that part of the problem? When Biden goes off script in front of a teleprompter, things go awry very quickly. He blurts out reckless thought bubbles, like when he said Vladimir Putin “cannot remain in power” or that the US would get involved militarily in Taiwan. The plan is to put the near-octogenarian president on the road to give him more opportunities to connect organically with people and talk up his accomplishments. Perhaps in a sign that he is upping the tempo of his lethargic work output, Biden cut short his weekend sojourn at his Delaware beach house earlier than usual, returning to the White House Sunday rather than Monday morning. But the subtext of the leaks of turmoil in the Oval points to one central grievance: Donald Trump.

The man whose legacy Biden has spent his entire presidency trying to erase just can’t be outstripped. It’s why Biden can’t mention his predecessor’s name, treating him more like Lord Voldemort than a former president. He is “seething,” reports Politico, that his standing in the polls is now worse than that of Trump, “whom Biden routinely refers to in private as ‘the worst president’ in history and an existential threat to the nation’s democracy.” What does that say about his own presidency? Biden’s Trump derangement is “the greatest source of West Wing frustration, coming from behind the Resolute Desk.” Well, no wonder. When you look at the polling comparison between Biden and Trump, there simply is no contest. There is not a single day in which Biden has done better than Trump in his second year in office.

Read more …

Money?!

• Why Is Chuck Schumer Trying To Stop Antitrust Reform? (NW)

We’re all familiar with the concentrated market power of giant technology companies like Google, Apple, Facebook and Amazon, which reach into all corners of Americans’ daily lives. For more than a decade, their monopolistic dominance has spawned Justice Department investigations, congressional hearings, civil lawsuits and legal penalties. Over and over again, antitrust bills are discussed and some are introduced—and then they die in the House and the Senate. Now, though, two bills that would begin to rein in the power of companies like these Big Tech behemoths are under consideration in the Senate. They’ve both passed the Senate Judiciary Committee by impressive margins and are ready for a full vote. But Senate Majority Leader Chuck Schumer (D-NY) has been dragging his feet on bringing them to the floor.

Letting these bills die would be a significant failure of the American antitrust movement, signaling to the Big Tech companies that even modest and highly limited restrictions on their behavior are politically impossible to achieve—that despite overwhelming popular support for reform, Washington is simply too intransigent and too bought and paid for to get anything done. A defeat would give these companies the green light to continue stomping all over their smaller competitors and harming consumers by invading our privacy and limiting our choice. But given Schumer’s own ties to Big Tech, his reluctance to bring this legislation to the floor—where it would almost certainly pass—is no surprise.

Schumer has taken hundreds of thousands of dollars from Big Tech and its employees over the past decade. Between 2013 and 2018—a time period when tough data protections were adopted in the European Union, and there were broad calls for the U.S. to do the same—these corporate giants gave Schumer more than almost any other member of Congress. In 2016, the technology industry gave Schumer $237,000. In just the spring of 2021, when antitrust legislation was under discussion in Congress, Schumer took $120,000 from Google and Apple executives and their aligned PACs. The ties go beyond campaign contributions. Schumer’s staff has been a revolving door for Big Tech. According to the New York Post, more than 80 former Schumer staffers have gone on to subsequently work at the Big Tech firms.

And Schumer’s two daughters have also both worked directly for Big Tech—one for Amazon, and one for Facebook subsidiary Instagram. Alison Schumer also advocated against regulation as a public affairs manager for Airbnb, the technology company that has in many ways distorted housing markets worldwide. Given all that money and those family connections, it’s no wonder that Schumer has been reluctant to take a hard line on the enormous problem of tech market concentration. Indeed, journalists who watch the sector have called Schumer a “quiet but reliable Washington ally” to Big Tech, as well as a “tech booster.” As recently as 2018, he said tech companies were too new to regulate aggressively. He proposed that the companies police themselves—an approach that has clearly failed.

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Lausanne Treaty, 1923. Yes, Turkey is smaller than the Ottoman empire. This is turning into a weird revisionist story.

• Ankara Tries To Sell ‘Ottoman Islands’ Theory (K.)

The theory of “Ottoman islands” whose sovereignty has not been given to any country by any treaty is being pushed by Ankara in earnest. Indicatively, the idea has also been picked up and promoted by the Turkish media, targeting specific islands, such as Agathonisi and Farmakonisi. The pro-government Milliyet columnist and director of the Kanal D television network in Ankara, Zafer Sahin, said in an article that “a second Imia crisis is on the brink. This is because the situation has turned into a deep political and military crisis that goes beyond the Imia issue.” Greece and Turkey came close to war in 1996 over the rocky Imia islets.

In his article titled “The Ottoman Islands in the Aegean,” Sahin emphasized that Ankara, in addition to questioning the sovereignty of the eastern Aegean islands that are militarized, is also preparing to raise the issue of the sovereignty of islands whose sovereignty has not been determined, citing Gavdos as an example. “This is located south of Crete and is under a regime whose sovereignty has not been determined,” he said. Turkey has long promulgated theory of “gray zones” regarding the status of 152 Greek islands and islets, but it seems that now there is an attempt to connect them with the Ottoman Empire.

“There are Ottoman islands that have not been transferred to the maps of the US and Great Britain, issued after the Second World War, which appear outside Greek territory,” Sahin claims. These theories began to emerge after the statements of Turkish Foreign Minister Mevlut Cavusoglu last week, who tried to threaten Greece into demilitarizing these islands. “Otherwise, the debate over sovereignty begins as they have been given [to Greece] under conditions,” he said.

Read more …

Not a word so far from the new Oz PM.

• Nils Merzel’s New Book Argues Julian Assange Is Being Tortured (Conv.)

It is easy to forget why Julian Assange has been on trial in England for, well, seemingly forever. Didn’t he allegedly sexually assault two women in Sweden? Isn’t that why he holed up for years in the Ecuadorian embassy in London to avoid facing charges? When the bobbies finally dragged him out of the embassy, didn’t his dishevelled appearance confirm all those stories about his lousy personal hygiene? Didn’t he persuade Chelsea (formerly Bradley) Manning to hack into the United States military’s computers to reveal national security matters that endangered the lives of American soldiers and intelligence agents? He says he is a journalist, but hasn’t the New York Times made it clear he is just a “source” and not a publisher entitled to first amendment protection? If you answered yes to any or all of these questions, you are not alone. But the answers are actually no.

At very least, it’s more complicated than that. To take one example, the reason Assange was dishevelled was that staff in the Ecuadorian embassy had confiscated his shaving gear three months before to ensure his appearance matched his stereotype when the arrest took place. That is one of the findings of the United Nations Special Rapporteur on Torture, Nils Melzer, whose investigation of the case against Assange has been laid out in forensic detail in The Trial of Julian Assange.What is the UN’s Special Rapporteur on Torture doing investigating the Assange case, you might ask? So did Melzer when Assange’s lawyers first approached him in 2018: “I had more important things to do: I had to take care of “real” torture victims!” Melzer returned to a report he was writing about overcoming prejudice and self-deception when dealing with official corruption. “Not until a few months later,” he writes, “would I realise the striking irony of this situation.”

[..] He received nothing like full co-operation in investigating Assange’s case. He gathered around 10,000 pages of procedural files, but a lot of them came from leaks to journalists or from freedom-of-information requests. Many pages had been redacted. Rephrasing Carl Von Clausewitz’s maxim, Melzer wrote his book as “the continuation of diplomacy by other means”. What he finds is stark and disturbing: “The Assange case is the story of a man who is being persecuted and abused for exposing the dirty secrets of the powerful, including war crimes, torture and corruption. It is a story of deliberate judicial arbitrariness in Western democracies that are otherwise keen to present themselves as exemplary in the area of human rights.

“It is the story of wilful collusion by intelligence services behind the back of national parliaments and the general public. It is a story of manipulated and manipulative reporting in the mainstream media for the purpose of deliberately isolating, demonizing, and destroying a particular individual. It is the story of a man who has been scapegoated by all of us for our own societal failures to address government corruption and state-sanctioned crimes.”

Read more …

 

 

 

 

 

 

 

Rubik
https://twitter.com/i/status/1533888946723340288

 

 

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Pork for Christmas

Dec 222020
 
 December 22, 2020  Posted by at 7:29 pm Finance Tagged with: , , , , , , ,  11 Responses »


John William Waterhouse It’s Sweet Doing Nothing / Dolce Far Niente 1879

 

 

The very first thing we must conclude from looking at the pork-laden $900 billion US “stimulus bill” is that this is all Washington is capable of anymore. This is it. That it has nothing to do with which party you vote for. If you don’t come to that conclusion, you’re seriously disoriented.

Both parties have been talking about the bill for 8 months, and blamed each other for any delays, while filling up the bill with by now over 5,500 pages of pork, and given representatives who don’t know the contents, just a few hours before voting on it. That is not an accident, that is by design, and both parties designed it together.

Neither gives a flying hoot about their own voters, which the bill is supposed to serve, other than at election time – and even then. If they did, they could have issued a separate bill half a year ago. But the system doesn’t work like that. The system says that if you want to save/serve the people, you absolutely must serve a thousand other interests at the same time. And that’s where things run off the rails.

The Republicans insist on including one special interest that their lobbyists say can’t be left out, then the Democrats and their lobbies say okay, but then we want this interest in, etc., and before you know it, you have 5,500 pages of special interests, and the amounts going to the people will have to be cut because the total amounts are starting to look too high.

Do note -again- that it’s the lobbyists who write the legislation, not the politicians. The politicians, in the media, go through this very predictable cattle trade, they reach an accord, and then they turn around and blame each other for anything their voters and representatives might have wanted in there but didn’t get. Just like they did for the 8 previous months. Same difference. Cool, calculated, a blame game between friends.

 

But the Americans the stimulus is supposed to be for, have no seat at the table. Only the people they voted for do, and among those, only the ones who’ve been there long enough, 30-40 years, and who have amassed huge multi-million dollar fortunes while on 200-300K salaries. Newly elected reps and senators have no say. They may gain a say, but only if they comply with what the lobbyists tell them to do.

If 200 million Americans finally get a $600 check, sometime in spring 2021(?!), that would cost $120 billion. If 300 million do, $180 billion. The pork stimulus package is for $900 billion. And they want you to believe this is meant to help the people, and most of the people believe that. And that works too, because of the way the media, very much complicit in the charade, “report” the entire thing.

But c’mon man! Every American could get a $600 check every month for the next half year if the corporate subsidies and all sorts of other pork were left out of bills like this. But that’s not how Washington operates. Washington is not about people, it’s about money.

Many poor Americans used to have to work 2-3 jobs to make ends meet, but most are lucky to find even one job these days, let alone enough to make ends meet. It’s cool, calm and calculated, and it makes no difference at all whether it’s Pelosi, McConnell, Schumer or Lindsey Graham. They’re in a big club, and you ain’t in it. But at least please stop believing the nonsense they’re spouting. They live in their own world, and you live in yours. And never the twain shall meet.

Of course it can make sense to support businesses as well in virustime. But there’s no urgent need to do that in the very same bill that is meant to support the people. It’s just that the latter is the ideal vehicle to hide the pork in. A separate bill to support business would be much more transparent, and people could see what’s in it. And it wouldn’t be 5,500 pages either.

It’s a design, it’s a model, it’s how this has worked for decades. The same decades that the decision makers have been “serving” on Capitol Hill. There is no accident anywhere in there. It’s a design.

 

 

 

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Debt Rattle August 9 2020

Aug 092020
 
 August 9, 2020  Posted by at 10:04 am Finance Tagged with: , , , , , , , , , , , , ,  20 Responses »


Albert Kahn Paris, Autochrome Lumière color photo 1914

 

• COVID19 Pandemic To ‘Bring Socialism To US’, Transform The World – Taleb (RT)
• What’s In Trump’s Coronavirus Executive Orders (R.)
• Russia COVID19 Vaccine Registration Expected August 12 (RT)
• SARS-CoV-2 Fatality Risk In A Nationwide Seroepidemiological Study (Medrxiv)
• Chuck Schumer Says Schools Must Reopen Or Economy Suffers (RT)
• Trump Aides Exploring Executive Actions To Curb Voting By Mail (Pol.)
• No Payment, No Problem: Bizarre New World of Consumer Debt (WS)
• Social Media Imposing Modern-Day ‘Hays Code’ On Political Speech (RCP)
• Twitter Reportedly Joins Growing List Of Potential TikTok Suitors (ZH)
• US To Cut Troop Levels In Afghanistan To ‘Less Than 5,000’ – Esper (R.)
• Oil Giants Cut Production By 1 Million bpd Amid Massive Writedowns (R.)
• Zelensky Says Ukraine Staying Out Of US Internal Politics, Elections (R.)
• George W. Bush Laid the Groundwork for Today’s Immigration Nightmare (MPN)
• West’s Favorite Hong Kong ‘Freedom Writer’ Is American In Yellowface (GZ)
• Solidarity with the Germans (Varoufakis)

 

 

Weekend, so lower numbers. US new deaths were below 1,000 (976), so I lost that grpah.

 

 

 

 

 

 

 

 

 

 

Hedge funds dollar

 

 

Who would have thought that the first socialist president of the United States would be Donald Trump?

• COVID19 Pandemic To ‘Bring Socialism To US’, Transform The World – Taleb (RT)

In a remarkable twist, the raging coronavirus pandemic has forced even countries like the US to adopt “socialist” welfare programs, acclaimed author and risk analyst Nassim Taleb has told RT. While people spend days worrying about global wars, our biggest threats have always been the pandemics, the author of ‘The Black Swan’ and ‘Skin in the Game’ told RT’s Sophie Shevardnadze on her show SophieCo. Visionaries. The advent of the novel coronavirus will tremendously change societies in many ways, making them better ready for future crises, he said. “So the world will be different, wiser. But, hopefully, it will be good for peace, because people will understand tomorrow that the enemy is not some person with weapons. The enemy is that thing you don’t see: a tiny little germ you can have on top of a pencil,” the writer added.

What I think is going to happen is a transformation of economic structures to accommodate potential pandemics. Even if they never happen again, people will be prepared for them. He cited the boom of teleworking, Zoom conference calls, and online shopping as examples of people adapting to the new reality. According to Taleb, globalization would become more “guarded,” rather than disappear entirely. “The physical movement of population… would be reduced, and business travel will not be as active as we saw in the past,” he said. One of the most remarkable changes the pandemic has brought, the writer noted, was how some governments have been “extremely helpful” to citizens trapped in quarantines and lockdowns.

This touched the US as well, where a $2 trillion stimulus package was adopted in May, the largest in the nation’s history. Who would have thought that the first socialist president of the United States would be Donald Trump? He gave people universal basic income for a few months, and they took possession of companies. If that’s not socialism, I don’t know what is. So, the individuals got a protective net that they didn’t have before. “Mark my words, if you want a headline done – ‘Who would have expected the Covid to run both domestic and foreign policy?’, ‘Covid to bring socialism to countries like the United States,’” Taleb said.

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Yeah. No. Everyone may get this wrong or confused, but from what I can see he signed just one executive order (on payroll tax), the other three are memoranda. Details on that:

The hierarchy is: Proclamations, executive orders, presidential memoranda, presidential notices, and presidential determinations. Notices and determinations are usually required by Congress on specific issues. Authority: Under an executive order signed by President John F. Kennedy, an executive order must cite the authority the president has to issue it. That could be the constitution, or a specific statute. Presidential memoranda have no such requirement.

• What’s In Trump’s Coronavirus Executive Orders (R.)

After failing to reach a deal with the U.S. Congress for a fresh round of coronavirus pandemic relief, President Donald Trump signed a series of executive orders aimed at pumping up America’s pandemic-hit economy. The orders are likely to face some legal challenges. Trump’s order cuts enhanced federal unemployment benefits – a lifeline for the tens of millions of Americans thrown out of work during the pandemic – from $600 to $400 per week. Democrats had been lobbying to extend the original $600 a week enhanced benefits, which expired on July 31. Trump proposes taking most of the money from the coffers of the Federal Emergency Management Agency – $44 billion, according to the order – with 25% of the money coming from states.

It’s not clear how Trump will convince state governments, whose revenues have been hard hit by the crisis, to pony up their proposed share. Trump called the reduced payments “generous.” Trump’s first order waives the payroll tax that funds Social Security in a bid to inject extra money directly into salaried employees’ pockets. Trump has been pushing the idea for a while but it has found little support in Congress from Democrats or his fellow Republicans. The executive order says the cut comes into effect on Sept. 1, but Trump said it “most likely” would be retroactive to Aug. 1 and translate into “bigger paychecks for working families.”

Trump’s order protecting homeowners and renters from evictions is unlikely to face a challenge from Democrats; indeed, House of Representatives Speaker Nancy Pelosi this week encouraged the move. But it isn’t clear how it will be executed. The order directs authorities to provide “temporary financial assistance” to renters and homeowners “struggling to meet their monthly rental or mortgage obligations.” Even Trump seemed a little hazy on the order’s ultimate effects, saying “we don’t want people being evicted and the act that I am signing will solve that problem – largely, hopefully, completely.” Trump said that interest on student loan payments – frozen since March – would be suspended until the end of the year.

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“Americans were surprised when they heard Sputnik’s beeping, it’s the same with this vaccine. Russia will have got there first..”

• Russia COVID19 Vaccine Registration Expected August 12 (RT)

Moscow’s Gamelei Center could register the world’s first coronavirus vaccine on August 12, Russia’s deputy health minister has revealed. Oleg Gridnev says medical workers and the elderly will be given priority for immunization. The senior minister at the department, Mikhail Murashko, announced last week that a nationwide mass vaccination program is planned to begin in October. Murashko added that all expenses will be covered by the government. “The registration of the vaccine developed at the Gamelei Center will take place on August 12,” Gridnev told journalists in Ufa on Friday morning, as cited by RIA Novosti. “Now the last stage, the third, is underway. This is the testing part and is extremely important. We have to understand that the vaccine itself must be safe.”

The Health Ministry, in an official statement, clarified that “the documents required for registration of the vaccine developed by the Gamelei Center, including data from clinical trials, are under examination. The issue of its registration will be decided upon the results of the examination.” Clinical trials of the formula began at Moscow’s Sechenov University on June 18. In a study involving 38 volunteers, it passed safety protocols. It was observed that all those who took part developed immunity to the infection. The speed with which Russia has managed to research and approve a formula has raised some eyebrows in the West, but Vadim Tarasov, a top scientist at Sechenov, said the country had a head start as it has spent the last 20 years developing skills in this field and trying to understand how viruses transmit.

The haste is fairly easy to grasp when you consider the effect Covid-19 has had on the world’s largest country. With more than 870,000 cases, it is among the four countries worst affected by the epidemic, along with the US, Brazil, and India. Russia’s 14,725 fatalities is the 11th highest in the world, although when measured per capita, the death rate ranks 47th, below Germany, but above Austria. The technology behind the Russian vaccine is based on adenovirus, the common cold. Created artificially, the vaccine proteins replicate those of Covid-19, triggering “an immune response similar to that caused by the coronavirus itself,” Tarasov said. In other words, immunization is similar to having survived the virus, but without its life-threatening risks.

Kirill Dmitriev, the head of Russia’s sovereign wealth fund, which has bankrolled the research, last week compared the vaccine discovery process to the Space Race. “Americans were surprised when they heard Sputnik’s beeping, it’s the same with this vaccine. Russia will have got there first,” he told US TV.

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Much deadlier in men. Much deadlier than the seasonal flu.

• SARS-CoV-2 Fatality Risk In A Nationwide Seroepidemiological Study (Medrxiv)

The magnitude of the infection fatality risk (IFR) of SARS-CoV-2 remains under debate. Because the IFR is the number of deaths divided by the number of infected, serological studies are needed to identify asymptomatic and mild cases. Also, because ascertainment of deaths attributable to COVID-19 is often incomplete, the calculation of the IFR needs to be complemented with data on excess mortality. We used data from a nation-wide seroepidemiological study and two sources of mortality information -deaths among laboratory-confirmed COVID-19 cases and excess deaths- to estimate the range of IFR, both overall and by age and sex, in Spain.


The overall IFR ranged between 1.1% and 1.4% in men and 0.58% to 0.77% in women. The IFR increased sharply after age 50, ranging between 11.6% and 16.4% in men ≥80 years and between 4.6% and 6.5% in women ≥80 years. Our IFR estimates for SARS-CoV-2 are substantially greater than IFR estimators for seasonal influenza, justifying the implementation of special public health measures.

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Not the first time that the Dems cry murder over something Trump says, only to make it look like they invented it mere weeks later.

• Chuck Schumer Says Schools Must Reopen Or Economy Suffers (RT)

Republicans and Democrats failed to reach a compromise on a Covid-19 economic relief bill, but one comment from Sen. Chuck Schumer (D-New York) about schools needing to reopen has some seeing hypocrisy on the left. Rep. Nancy Pelosi (D-California) and Schumer addressed the press after failed negotiations with Republicans on a potential relief bill. While many of their complaints about Republicans refusing to continue robust unemployment and other government programs was to be expected, one comment from Schumer went viral as it didn’t seem to match the outrage shown to President Donald Trump when he mentioned the same thing. “If you don’t open up the schools, you’re going to hurt the economy significantly,” Schumer said, “because lots of people can’t go to work.”

The president has floated the idea of fully reopening most schools in the fall despite the coronavirus pandemic, but he has found pushback with liberal critics each and every time. Schumer’s admission that not reopening schools will hurt the economy, which the president has argued, was seen as a surprising “moment of clarity” by critics on social media who latched onto the comment. The disagreement on reopening schools comes down to federal funding. Schumer and Pelosi have argued the only way to safely let kids back into the in-person education system is through major federal funding. Trump has argued that schools in hotspots for the coronavirus should be taking precautions when reopening, but the failure to add federal funding into a Covid-19 economic package has the left and right at a standstill on the issue.

Already a heated debate, it is only bound to get more heated as the country draws nearer to the dates schools would normally open their doors again. Experts have argued since schooling is a childcare issue, keeping them closed affects not only children and employees of the education system, but also parents who cannot return to work. “Because children and parents are dying from that trauma, too. They’re dying because they can’t do what they’re doing. Mothers can’t go to work because all of a sudden they have to stay home and watch their child, and fathers,” the president told CBS News last month when asked why he considered not reopening schools a “terrible decision.”

Pelosi has argued the president is “messing” with childrens’ health and risking another outbreak of the virus with his support for reopening schools. “Going back to school presents the biggest risk for the spread of the coronavirus,” she told CNN. “If there are CDC guidelines, they should be requirements.”

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Oh, we’re going to have so much fun over the nest three months. And then there may be another three months needed to count the votes. Solid entertainment into Spring 2021. And Pelosi as President.

• Trump Aides Exploring Executive Actions To Curb Voting By Mail (Pol.)

Just because Trump’s claims of rampant mail-in voting fraud aren’t supported by evidence doesn’t mean election experts aren’t concerned about problems holding a presidential election during a pandemic. It’s unknown whether the United States Postal Service can handle a surge of mail-in ballots in a timely fashion, and other officials have cautioned about long lines and a shortage of workers at in-person polling stations, which have been limited during the coronavirus outbreak. Some have predicted the crush of remote voting could mean a final winner in the presidential race between Trump and Democrat Joe Biden won’t be known for days or even weeks.

Democrats are pushing for $25 billion for USPS in the next coronavirus recovery bill to help address those concerns, but it remains a source of disagreement with Republicans. There have already been some some notable delays in down-ballot elections during the pandemic, including one New York race this summer. Six weeks after a Democratic primary for a U.S. House seat, all of the ballots have yet to be counted. “This is a rare case where the president is not overstating the case,” argued Tom Fitton, president of Judicial Watch, a conservative group that has sued in North Carolina and Pennsylvania over the accuracy of voting rolls. “Frankly he’s understating the problem that I think we are going to face on Election Day. The system is going to break.”

The Trump campaign is holding events touting its legal actions on voting rules. And privately, the White House is debating possible further action, according to two people familiar with the situation. The White House declined to comment on whether Trump would be signing an executive order on the issue. “All Americans deserve an election system that is secure and President Trump is highlighting that Democrats’ plan for universal mail-in voting would lead to fraud,” said White House spokeswoman Sarah Matthews. “While Democrats continue to call for a radical overhaul of our nation’s voting system, President Trump will continue to work to ensure the security and integrity of our elections.”

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It’s just like a biblical jubilee.

• No Payment, No Problem: Bizarre New World of Consumer Debt (WS)

The New York Fed released a doozie of a household credit report. It summarized what individual lenders have been reporting about their own practices: If you can’t make the payments on your mortgage, auto loan, credit card debt, or student loan, just ask for a deferral or forbearance, and you won’t have to make the payments, and the loan won’t count as delinquent if it wasn’t delinquent before. And even if it was delinquent before, you can “cure” a delinquency by getting the loan deferred and modified. No payment, no problem. Student loan borrowers were automatically rolled into forbearance under the CARES Act, and even though many students had stopped making payments, delinquency rates plunged because the Department of Education had decided to report as “current” all those loans that are in forbearance, even if they were delinquent. Yup, according to New York Fed data, the delinquency rate of student loan borrowers, though many had stopped making payments, plunged from 10.75% in Q1, to 6.97% in Q2, the lowest since 2007:

Student loan forbearance is available until September 30, and interest is waived until then, instead of being added to the loan. In a blog post, the New York Fed said that 88% of the student-loan borrowers, including private-loan borrowers and Federal Family Education Loan borrowers, had a “scheduled payment of $0,” meaning that at least 88% of the student loans were in some form of forbearance. Until September 30. And then what? And because delinquencies in student loans, auto loans, credit card debt, and mortgages are being “cured” by putting the loans in deferral programs and modifying the delinquent loans, they become “current” loans even though no catch-up payments have been made.


Still, about 32 million people are claiming unemployment insurance. A much smaller employment shock during the Financial Crisis caused the percentage of delinquent loan balances to soar, and the percentage of “current” loan balances to plunge, to bottom out at 88% in Q4 2009. Not this time. As the percentage of delinquent loan balances fell, the percentage of “current” loan balances jumped to 96.4%, a record high in the New York Fed’s data going back to 2003. Yup, crazy world. Ally Financial reported in its 10-Q filing with the SEC for the second quarter that about 21% of its auto-loan customers were enrolled in its deferral program where they don’t have to make payments for 120 days. “The vast majority of our loan deferrals for customers in the program are scheduled to expire by the end of August 2020,” it said. And then what?

Lenders like these types of programs because they can kick the can of delinquencies down the road, and instead they have “performing loans” for which they can accrue interest which makes their investors happy, even though the customers don’t make any interest or principal payments. Bank regulators normally get nervous about deferral programs. But it appears that bank regulators have been told the shelter at home until further notice. Across all lenders, about 5.9% of the $1.34 trillion in auto loans – so close to $80 billion – are in forbearance, according to the New York Fed. And as a result, borrowers who cannot make the payment, don’t have to make it, and their loans are still deemed “current,” and the percentage of auto loans that are newly delinquent dropped to 6.29%, a record low in the data – while during the last crisis, the delinquent balances were above 10% for nearly two years:

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Yes, they’re censoring TV networks now. Scary. So is this: when Elon Musk tweeted in March that “kids are essentially immune,” Twitter clarified that his tweet did not violate its COVID-19 rules.

• Social Media Imposing Modern-Day ‘Hays Code’ On Political Speech (RCP)

Social media companies continued to assert their power over the political sphere this week, with Twitter temporarily suspending the Trump campaign’s ability to post until it removed a clip of a Fox News interview with the president regarding COVID-19. When the Democratic National Committee reposted the video to debunk it, Twitter similarly banned the DNC from tweeting until it too deleted the footage. With Twitter seemingly unbothered by the implications of suspending a presidential campaign’s account just 12 weeks before the election, what might the future hold as control of our public squares is increasingly centralized?

Twitch became the first social media platform to formally suspend a presidential candidate’s account this past June when it deleted two of President Trump’s campaign rally videos for violations of its “hateful conduct” rules. In doing so, it emphasized the divide between physical and virtual campaigning. At an in-person rally a candidate can present the policy proposals he or she believes supporters want. Virtual rallies, however, are policed by an army of moderators enforcing ever-changing acceptable speech policies, forcing politicians to self-censor or risk deletion from the online world that increasingly shapes elections.

In the case of this week’s ban, the story is all the more remarkable because the video in question was actually a cable TV interview with the nation’s leader, meaning that social platforms were in effect banning a major news organization’s reporting. As news is increasingly consumed through social media, the upshot is that the online platform’s acceptable speech rules are being applied to traditional news outlets. Additionally, rather than link the video to an outside fact check, Facebook simply deleted it as “a violation of our policies around harmful COVID misinformation” while Twitter forced the campaign to delete the post as a “violation of the Twitter Rules on COVID-19 misinformation.” Both companies cited as the offending statement Trump’s claim that children have “much stronger immune systems” than adults and thus “they don’t have a problem” when infected.

While oversimplifying, Trump’s claims are not that far removed from those of CDC Director Robert Redfield and infectious disease expert Dr. Anthony Fauci, who have cited the pathogen’s significantly reduced severity in children in their calls to safely reopen schools this fall. While more measured than the “immunity” claimed by Trump, the gist of his statement — that COVID-19’s impact on children appears to be less severe than its effect on older Americans — aligns with the public statements of his medical advisers. Moreover, when Elon Musk tweeted in March that “kids are essentially immune,” Twitter clarified that his tweet did not violate its COVID-19 rules. To this date, Musk’s tweet carries no warnings or fact-checking statements from Twitter refuting it or adding additional context to his claims.

In many ways, social media platforms have become modern-day incarnations of the Hays Code that governed Hollywood from the 1930s to 1960s, establishing “morality” standards and enforcing them with an army of censors. By shaping popular culture through its control of movies, the Hays Code ensured that generations of Americans were presented an idealized world of benevolent public institutions, including police and politicians whose good works were spotlighted and any wrongdoing was punished. Moreover, as an extrajudicial speech regulation, studios could modify the rules and exempt content at will, much as social platforms do today.

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And the censoring power will only get more centralized, unless politics calls a halt to it. But then there’s always the strong links to intelligence services.

• Twitter Reportedly Joins Growing List Of Potential TikTok Suitors (ZH)

The ideological battle over the fate of TikTok is provoking fist fights in the Oval Office, and a scramble among the country’s biggest tech firms to see if they might be able to come up with a workable pitch that would allow them to win approval to buy the US operations (along with New Zealand, Australia and Canada, and possibly more) of the popular Chinese-owned social media platform – the only real obstacle to a deal at a time when corporate credit is essentially free. It’s becoming increasingly obvious that the app, which the Trump Administration is threatening to shut down in the US over fears of a “national security threat” (Chinese law forces all Chinese companies to cooperate with state security forces, provoking fears that ByteDance, TikTok’s owner, might be compelled to set up a pipeline of Americans’ private information straight to Beijing), has become perhaps the biggest political football at a time of intense strain in the bilateral relationship.

But amid the chaos and the geopolitical posturing of the leaders of the world’s two largest economies, America’s tech giants apparently see an opportunity, however unlikely, to circumvent opposition to further tech-industry mergers and seal what very well might be the last major merger in the industry for quite some time. And with the world headed into a period of protracted slowdown, companies might as well take advantage of the free money, and lock in that future EPS growth while they can. Since anti-trust scrutiny is such a hot issue in the world of big tech right now, it seems every company that has reportedly engaged in “talks” about the prospects for a deal has a reason for why it might assuage regulators and lawmakers and convince both Congress and the White House to agree to the deal.

Being the smallest of the three major companies rumored to be potential suitors, Twitter obviously has the best case from a purely anti-trust standpoint (although it seems reporters keep coming up with excuses for why Microsoft or Facebook could still make it work). Plus, Twitter’s comparatively tiny $29 billion market cap means it would likely need help from outside investors – a great opportunity for Sequoia and the other big VC firms who backed ByteDance who reportedly were in talks about a deal to bring TikTok into the US under their purview. The deal would have valued TikTok at $50 billion, according to unconfirmed reports.

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How awful! Let’s do something!

• US To Cut Troop Levels In Afghanistan To ‘Less Than 5,000’ – Esper (R.)

The United States plans to cut its troop levels in Afghanistan to “a number less than 5,000” by the end of November, Defense Secretary Mark Esper said in an interview broadcast on Saturday, adding detail to drawdown plans U.S. President Donald Trump announced earlier this week. The United States currently has about 8,600 troops in Afghanistan. Trump said in an interview released Monday by Axios that the United States planned to lower that number to about 4,000.

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Hey! You’re not driving enough! Want to collapse the economy or something?

• Oil Giants Cut Production By 1 Million bpd Amid Massive Writedowns (R.)

The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand. The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter. Fuel demand at one point was down by more than 30% worldwide, and still remains below pre-pandemic levels. Several executives said they took massive writedowns because they expect demand to remain impaired for several more quarters as people travel less and use less fuel due to the ongoing global pandemic that has killed more than 700,000 people.


Of those five companies, only Exxon Mobil did not book sizeable impairments. But an ongoing re-evaluation of its plans could lead to a “significant portion” of its assets being impaired, it reported, and signal the elimination of 20% or 4.4 billion barrels of its oil and gas reserves. By contrast, BP took a $17 billion hit. It said it plans to re-center its spending in coming years around renewables and less on oil and natural gas. Weak demand means oil producers must revisit business plans, said Lee Maginniss, managing director at consultants Alarez & Marsal. He said the goal should be to pump only what generates cash in excess of overhead costs. “It’s low-cost production mode through the end of 2021 for sure, and to 2022 to the extent there are new development plans being contemplated,” Maginniss said.

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Isn’t he also interfering by NOT investigating Burisma, Hunter and the clip where Joe Biden brags about blackmailing Poroshenko into firing a prosecutor?

• Zelensky Says Ukraine Staying Out Of US Internal Politics, Elections (R.)

Ukrainian President Volodymyr Zelenskiy said on Saturday that it was a matter of Ukraine’s national security to stay out of U.S. internal politics, particularly its election. “#Ukraine did not and will not allow itself to interfere in the elections and thus harm our trusting and sincere partnership with the #USA,” he wrote on Twitter late on Saturday. Zelenskiy, 42, was a comic actor when he won a landslide election last year. But the first year of his presidency was overshadowed by Ukraine’s unwitting involvement in events that led to the impeachment of Republican U.S. President Donald Trump. Trump had unsuccessfully pressed Ukraine to launch an investigation into his Democratic rival in the 2020 presidential race, former Vice President Joe Biden.


“Never, under any circumstances, it’s acceptable to meddle in another country’s sovereign elections,” Zelenskiy wrote. Zelenskiy appealed to Ukrainian politicians to avoid any actions that could be linked to U.S. elections, nor allow themselves to try to solve any of their personal, political or business problems that way. “Ukraine’s reputation is worth much more than the reputation of any of our politicians,” the president said.

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“It is perhaps the most American of issues, and it should be one that unites us..”

Hard to read that with a straight face, let alone for him to say it.

• George W. Bush Laid the Groundwork for Today’s Immigration Nightmare (MPN)

George W. Bush, the 43rd president of the United States, has announced he is releasing a new book called “Out of Many, One” which will celebrate America’s diversity and immigrant populations. “Our immigrant heritage has enriched America’s history. It continues to shape our society. Each generation of Americans — of immigrants — brings a renewal to our national character and adds vitality to our culture. Newcomers have a special way of appreciating the opportunities of America, and when they seize those opportunities, our whole nation benefits,” the former president said. The book, scheduled for release in March 2021 will feature 43 images of immigrants, painted by Bush himself [..]

“While I recognize that immigration can be an emotional issue, I reject the premise that it is a partisan issue. It is perhaps the most American of issues, and it should be one that unites us,” he said in a press release. “My hope is that this book will help focus our collective attention on the positive impacts that immigrants are making on our country.” With immigration becoming an increasingly hot partisan issue, the move celebrating the practice is the latest in a series of actions that Bush has taken to distance himself from the current Republican president. Both Bush and his father claimed they did not vote for Trump in 2016, leading to delight from many Democrats. Speaker of the House Nancy Pelosi, for example, yearned for a by-gone age, admitting to wishing Bush were still president, even though at the time she described him as a “total failure” in every aspect of governing.

[..] Bush bragged about greatly increasing the U.S.’ detention capacity for immigrants, using drones to patrol the area, and building 700 hundred miles of fencing and wall, which served as a stepping stone to Trump’s border plans. The increasingly militarized border mirrored the increasingly hostile rhetoric towards immigrants that dominated the Republican Party today. Bush is no stranger to covering controversial topics in his art. In 2017, he released a similar bestselling book called “Portraits of Courage: A Commander in Chief’s Tribute to America’s Warriors.” In it, he painted dozens of fallen American servicemen, all of whom died fighting in wars he started under false pretenses and has expressed no remorse for doing so. Neither Bush nor the great number of outlets who praised the book appeared at all interested in Middle Eastern victims of his policy.

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A Trojan horse in the 2020’s.

• West’s Favorite Hong Kong ‘Freedom Writer’ Is American In Yellowface (GZ)

An American man with ties to Amnesty International and key Hong Kong separatist figures has been posing online as a Hong Kong native named Kong Tsung-gan. Routinely cited as a grassroots activist and writer by major media organizations and published in English-language media, the fictitious character Kong appears to have been concocted to disseminate anti-China propaganda behind the cover of yellowface. Through Kong Tsung-gan’s prolific digital presence and uninterrogated reputation in mainstream Western media, he disseminates a constant stream of content hyping up the Hong Kong “freedom struggle” while clamoring for the US to turn up the heat on China.


Whispers about Kong’s true identity have been circulating on social media among Hong Kong residents, and was even mentioned in a brief account last December by The Standard. The Grayzone spoke to several locals outraged by a deceptive stunt they considered not only unethical, but racist. They said they have kept their views to themselves due to the atmosphere of intimidation looming over the city, where self-styled “freedom fighters” harass and target seemingly anyone who speaks out publicly against them.

The Twitter user Kong Tsung-gan (@KongTsungGan) first appeared in March 2015. Kong Tsung-gan’s earliest tweets featured commentary about Tibet and the Hong Kong Umbrella Movement. At some point, Kong changed his Twitter avatar to a black-and-white headshot of an unknown Asian person. A search of the Wayback Machine internet archive shows that this photo remained up until sometime in late 2019. Later, Kong changed his Twitter avatar to an image depicting Liu Xia, the wife of the late Nobel Prize-winning dissident Liu Xiaobo. Liu Xiaobo was a right-wing ideologue who celebrated the US wars on Vietnam, Afghanistan, and Iraq, and was rewarded with the 2014 Democracy Award by the National Endowment for Democracy – the favorite meddling machine of the US government.


[..] At around the time he created his Twitter account, Kong Tsung-gan published his first Medium post. He has since filled his Medium feed with protest timelines, lists of recommended human rights books and journalism (including a link to the questionable China “expert” Adrian Zenz), and “first-hand accounts” of his protest experiences on the ground. In one account, Kong Tsung-gan claimed he attended a Band 1 government school, implying he was a native Hong Kong resident. Kong’s work has been amplified by Joshua Wong, the Hong Kong protest poster-boy who has enjoyed photo-ops with neoconservative Republican senators like Marco Rubio and Tom Cotton.

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Rich eat poor everywhere.

• Solidarity with the Germans (Varoufakis)

A recent study has confirmed that half of Germany’s population owns just 1.5% of the country’s wealth, while the top 0.1% own 20%. And inequality is getting worse. During the last two decades, the real disposable income of the poorest 50% has been falling while that of the top 1% has been rising fast, along with house and share prices. It is against this background of high and rising inequality that the mood of the German public must be understood, in particular popular resistance to the idea of a eurozone fiscal union. German workers, who are increasingly struggling to make ends meet, understandably refuse to endorse the idea of huge amounts of money being constantly channeled to citizens of other countries. The fact that Germany is getting richer overall is irrelevant to them.

From experience, they know that any money sent to Italy or Greece will probably come from them, not the top 0.1% – not to mention that it will probably end up in the pockets of vile Greek oligarchs, or of private German companies that have purchased Greek assets for next to nothing. As a result, the European Union’s recently agreed €750 billion ($880 billion) pandemic recovery fund, dubbed Next Generation EU, threatens to deepen divisions across Europe, rather than being the unifying balm of many commentators’ dreams. Setting aside the scheme’s macroeconomic insignificance, it is important to take a fresh look at it from the perspective of a typical German worker languishing among the bottom 50% of the country’s wealth distribution.

Her government, a typical German worker is told, will be liable for €100 billion of new debt that the EU will use to help foreigners recover from the pandemic’s economic fallout. “Italians will receive €80 billion from Europe’s Recovery Fund,” she hears. “Spaniards will collect €78 billion, and even the Greeks will pocket €23 billion.” And what will she get? Less than nothing. Because her government is already in fiscal consolidation mode, trying to return its budget to a small surplus by 2021, she can expect only stagnant wages and more austerity for her local hospitals, schools, roads, and other infrastructure.1 While she may well feel compassion to the Italians and Spaniards, who lost so many people to COVID-19, she will never accept repeating this exercise in debt mutualization on behalf of southern or East Europeans. The solidarity of German workers, toward whom no one shows any solidarity, has its limits – as it should.

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Debt Rattle March 6 2020

Mar 062020
 
 March 6, 2020  Posted by at 11:22 am Finance Tagged with: , , , , , , , , , , , ,  25 Responses »


Russell Lee Proprietor of small store in market square, Waco, Texas Nov 1939

 

• China Pharma Exports Cut Would “Plunge US Into Mighty Sea Of Coronavirus” (ZH)
• Coronavirus Could Erase $211 Billion From Asia-Pacific Economies – S&P (R.)
• South Korea Protests Japan Travel Curbs As Corona Ignites Diplomatic Row (R.)
• Vietnam Able To Make 10,000 Coronavirus Test Kits Per Day (VnE)
• Boeing 737 MAX Certification Flight Could Come Within ‘A Few Weeks’ (R.)
• Trump Attacks Biden’s Cognitive Health (G.)
• Romney Says US Senate Republican Probe Of Biden Appears Political (R.)
• Senator Schumer Expresses Regret For Supreme Court Comments (R.)
• Elizabeth Warren’s Campaign Fell Apart In The Fall, And It Never Recovered (IC)
• FBI Agents Linked To Carter Page Surveillance Barred From FISA Process (Turley)
• Uneasy Calm In Syria’s Idlib As Russia-Turkey Ceasefire Takes Effect (R.)
• Turkey Sends 1,000 Special Forces To EU Border To Prevent Migrant Return (ZH)
• Erdogan’s Attempts to Blackmail Europe are Doomed to Fail (Coughlin)

 

 

The coronavirus focus shifts decidedly to the west. The increases in cases in the US and many European countries are scary. Greece from 9 to 31 cases, Germany doubles to 577, Netherlands have their first death. It’s been a while since we saw over 3,000 new cases in a day. The last time was when most were still in China.

We’ll pass 100,000 cases later today.

And judging from what US political figures and pundits say these days, you’d swear the virus may have reached their brains.

 

• Cases 98,928 (+ 3,048 from Tuesday’s 95,880)

• Deaths 3,390 (+ 102 from yesterday’s 3,288)

 

• Italy cases rise to 3,859 from 3,090 yesterday

• Netherlands cases rise from 38 to 82 (First death today)

• Germany cases from 283 to 577

• France cases from 285 to 423

• US cases from 158 to 233

• Canada cases from 37 to 48

• Sweden 52 to 101

• Belgium 23 to 50

• Greece 9 to 31

 

 

• Iran shuts 60,000 mosques.

Ben Hunt on Twitter:
• Just heard that Wells Fargo ordered employees to cancel all domestic travel plans, likely to require employees to work from home starting Monday. Wells Fargo has >270,000 employees.
• Walmart canceled a national meeting next week in Dallas of senior execs, store managers and distributors. Domestic travel eliminated.
• Dupont has grounded all domestic and int’l employee travel, banned all visitors from office meetings, and is exploring mandatory WFH.
• Procter & Gamble is doing the same with travel and visitors.

 

 

• Rudy Havenstein: “HEALTH NEWS: When you get the coronavirus, the official CDC recommendation to treat a runny nose, sore throat, cough, and fever is to lower the rate hedge funds can borrow at from 1.5% to 0%, and increase Treasury purchases to $200 billion per month.”

 

From SCMP:

 

 

From Worldometer (Note: mortality rate at 6%):

 

 

From COVID2019.app:

 

 

 

 

The benefits of globalization keep on giving.

• China Pharma Exports Cut Would “Plunge US Into Mighty Sea Of Coronavirus” (ZH)

China’s CCP media mouthpiece, Xinhua News, has published a new article titled “Be bold: the world owes China a thank you.” In it, the author suggests that the coronavirus outbreak is much worse in the United States than authorities are letting on – while noting that President Trump praised China’s measures to control the outbreak during a recent press conference. Xinhua also points out that the US stock market “has plummeted continuously, with a drop of more than 12% in just one week.” The article then suggests the travel ban imposed on China – including the restriction of people who have visited China – was ‘unkind,’ and has had a ‘great economic impact’ on the country. The punchline? If China retaliates against the United States at this time, including a travel ban or a strategic restriction over medical exports, America would be “plunged into the mighty sea of coronavirus.”

[..] 80% of present medicines consumed in the United States are produced in China. This includes Chinese companies and foreign drug companies that have outsourced their drug manufacture in joint ventures with Chinese partners. According to Rosemary Gibson of the Hastings Center bioethics research institute, who authored a book in 2018 on the theme, the dependency is more than alarming. Gibson cites medical newsletters giving the estimate that today some 80% of all pharmaceutical active ingredients in the USA are made in China. “It’s not just the ingredients. It’s also the chemical precursors, the chemical building blocks used to make the active ingredients. We are dependent on China for the chemical building blocks to make a whole category of antibiotics… known as cephalosporins. They are used in the United States thousands of times every day for people with very serious infections.”


The made in China drugs today include most antibiotics, birth control pills, blood pressure medicines such as valsartan, blood thinners such as heparin, and various cancer drugs. It includes such common medicines as penicillin, ascorbic acid (Vitamin C), and aspirin. The list also includes medications to treat HIV, Alzheimer’s disease, bipolar disorder, schizophrenia, cancer, depression, epilepsy, among others. A recent Department of Commerce study found that 97 percent of all antibiotics in the United States came from China.

Read more …

Never a more hollow number was seen. Might as well be a rounding error.

• Coronavirus Could Erase $211 Billion From Asia-Pacific Economies – S&P (R.)

A fast spreading coronavirus outbreak could knock $211 billion off the combined economies of the Asia-Pacific, with Japan, Hong Kong, Singapore and Australia among the most exposed, S&P Global Ratings said on Friday. S&P cut its 2020 growth forecast for China to 4.8% from previous estimate of 5.7%. It forecast Australian growth to slow sharply to 1.2% from an already below-trend 2.2% in 2019. Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock. “The balance of risks remains to the downside due to local transmission, including in economies with low reported cases, secondary transmissions in China as people return to work and tighter financial conditions,” S&P said in a report.


In other forecasts, Hong Kong’s economy would likely contract by -0.8% in 2020, Singapore’s would flat line, and Thailand’s expansion likely slow to 1.6%. [..] S&P did not cut growth forecasts for emerging markets of Indonesia, Malaysia, the Philippines and India, citing the fact that reported infections in those countries were still low. However, it noted the outlook could quickly deteriorate if the low level of cases was due to minimal testing and if those countries were swept up in financial contagion.

Read more …

An ideal time to squabble. Well done.

• South Korea Protests Japan Travel Curbs As Corona Ignites Diplomatic Row (R.)

South Korea issued a strongly worded protest on Friday against Japan’s decision to quarantine South Korean visitors for two weeks, as coronavirus containment measures ignited a fresh diplomatic row between the Asian nations. Japan joined the list of almost 100 countries that have imposed restrictions on South Korean travelers, barring arrivals from highly affected areas starting on Saturday and ordering a two-week quarantine for those from other regions. The South Korean foreign ministry said Japan’s ambassador would be summoned to explain Tokyo’s decision and receive a formal complaint. Seoul has previously summoned ambassadors from Vietnam and Singapore over similar travel restrictions.


“It is extremely regrettable Japan took this unreasonable and excessive step without sufficient prior consultation with us, and we strongly urge immediate reconsideration,” it said. Prime Minister Chung Sye-kyun said Seoul would respond with countermeasures, although he gave no details on what actions could be taken. The presidential Blue House discussed the issue at a meeting of its National Security Council, an official said. The row came as the number of new cases in South Korea, the country with the biggest outbreak of the flu-like virus outside China, fell to 196 from 760 the previous day, for a total of 6,284 infections. The death toll rose by seven to 42, the Korea Centers for Disease Control and Prevention (KCDC) said.

Read more …

Everyone’s better prepared than us.

• Vietnam Able To Make 10,000 Coronavirus Test Kits Per Day (VnE)

The Ministry of Health has licensed commercial production of test kits that help diagnose the novel coronavirus infection in just one hour. It was developed jointly by the Vietnam Military Medical University and tech firm Viet A Corporation. It is based on reverse transcription polymerase chain reaction (RT-PCR), a technique that combines reverse transcription of RNA into DNA and amplification of specific DNA targets using a polymerase chain reaction (PCR). The kit can detect the new coronavirus in specimens of droplets obtained from the respiratory tract and blood samples.


Do Quyet, director of the university, said all tests done by the university and Viet A Corporation found the kit meeting World Health Organization and U.S. Centers for Disease Control and Prevention standards. Independent testing of the kit by the National Institute of Hygiene and Epidemiology on various disease samples using five different devices turned up completely accurate results every time, he said. [..] Phan Quoc Viet, CEO of Viet A, said his company could make 10,000 kits a day, and triple the capacity if needed. Authorities said this capacity would enable Vietnam to not only meet domestic demand but also export. China, the U.S., Japan, Germany, and now Vietnam are the only countries to make test kits for the new coronavirus.

Read more …

An A+ for timing. The industry announced just yesterday they expected losses of $120 billion or so.

• Boeing 737 MAX Certification Flight Could Come Within ‘A Few Weeks’ (R.)

U.S. Federal Aviation Administration chief Stephen Dickson said on Thursday he thinks a certification test flight for the Boeing 737 MAX – a key milestone for the return of the grounded plane – could come soon. “We’re working though the last few software review and documentation issues and then I think within a matter of a few weeks we should be seeing a certification flight,” Dickson said at a Washington aviation conference. Reuters has previously reported that a certification flight is not expected until April and officials said that is still the case. The 737 MAX has been grounded for almost a year after two fatal crashes killed 346 people in five months.

Read more …

If you kill this an attack, you’ll run out of words soon.

• Trump Attacks Biden’s Cognitive Health (G.)

Donald Trump attacked Joe Biden’s cognitive abilities on Thursday night during an event in the former-vice president’s hometown that could set the tone for an ugly general election. Appearing at a Fox News town hall in Scranton, Pennsylvania, Trump – who has faced repeated scrutiny over his own mental acuity – said there was “something going on” with Biden, in what may prove a rehearsal for Republican attacks during the presidential election. Thursday marked Trump’s first public event since Biden’s surprisingly strong performance on Super Tuesday, when he won 10 out of 14 states available to propel him into the lead in the Democratic primary.


Trump said he had been “all set” to face Biden’s rival Bernie Sanders, whom he called a “communist”, until the recent vote. “Then we have this crazy thing that happened on Tuesday, which [Biden] thought was Thursday, but he also said 150 million people were killed with guns and that he was running for the United States Senate. There’s something going on there,” Trump said. Biden – who did say those things – has a track record of gaffes and has turned in bumbling debate performances, but Trump’s line of attack raised the unedifying spectacle of an election focused on two men in their 70s attacking each other’s alleged cognitive decline.

Read more …

What sounds really political is Romney saying it.

• Romney Says US Senate Republican Probe Of Biden Appears Political (R.)

U.S. Senator Mitt Romney, the lone Republican to vote to convict President Donald Trump of abuse of power following his impeachment, said on Thursday a Senate Republican investigation of Democratic presidential front-runner Joe Biden appeared politically motivated. Romney told reporters a probe of Hunter Biden, Joe Biden’s son, by Senate Homeland Security Committee Chairman Ron Johnson would be better pursued by the FBI or another federal agency “if there’s something of significance that needs to be evaluated.” Johnson is poised to issue the first subpoena in an investigation of Hunter Biden’s seat on the board of Ukrainian gas company Burisma when his father was U.S. vice president. Hunter Biden’s role has been attacked as corrupt without evidence by Trump and congressional Republicans.


“There’s no question but that the appearance of looking into Burisma and Hunter Biden appears political. And I think people are tired of these kind of political investigations,” Romney, a member of the homeland security panel, said. Trump was impeached on abuse-of-power and obstruction charges in the Democratic-led House of Representatives after he asked Ukraine to investigate the Bidens in July. He was acquitted by the Republican-controlled Senate. Democrats said Trump was trying to shore up his re-election prospects by targeting Biden. Trump continues to question Hunter Biden’s position at Burisma. “That will be a major issue in the campaign,” Trump told Fox News on Wednesday night. “I will bring that up all the time.”

Read more …

Brain virus.

• Senator Schumer Expresses Regret For Supreme Court Comments (R.)

Chuck Schumer, the top U.S. Senate Democrat, expressed regret on Thursday for remarks he made a day earlier that two Supreme Court justices appointed by President Donald Trump would “pay the price” if they rule in favor of abortion restrictions. “I’m from Brooklyn. We speak in strong language. I shouldn’t have used the words I did. But in no way was I making a threat. I never, never would do such a thing,” Schumer said on the Senate floor amid Republican demands that he apologize for his comments about Justices Neil Gorsuch and Brett Kavanaugh. Schumer seemed to stop short of a full apology, saying instead that the words he used during an abortion rights rally outside the Supreme Court building directed at the two conservative justices “didn’t come out the way I intended to.”

“Of course I didn’t intend to suggest anything other than political and public-opinion consequences for the Supreme Court. And it’s a gross distortion to imply otherwise,” Schumer said. Fifteen Republican lawmakers introduced a Senate resolution on Thursday seeking to formally censure Schumer for what they called his “threatening statements” and to call on senators to “respect the independence” of the federal judiciary. At the Wednesday rally, Schumer said the two justices “won’t know what hit you” if they rule in favor of abortion restrictions in a case the Supreme Court was hearing that day involving a challenge to the legality of a Louisiana law that could make the procedure more difficult to obtain. “I want to tell you Gorsuch, I want to tell you Kavanaugh – you have released the whirlwind, and you will pay the price,” Schumer said during the speech.


Chief Justice John Roberts hours later condemned Schumer’s comments as “inappropriate” and “dangerous.”

Read more …

She herself looks on the edge of falling apart too.

• Elizabeth Warren’s Campaign Fell Apart In The Fall, And It Never Recovered (IC)

Throughout 2019, Uncle Joe was barely touched by his opponents, each of whom hoped that either somebody else would hit him first or that Biden would just self-combust. Nobody wanted to look like they were doing Trump’s bidding, as he went after Biden relentlessly for corruption in Ukraine. And the two candidates who hit Biden head-on — Kamala Harris and Julián Castro — soon enough became cautionary tales. But had Warren done to Biden in the fall what she did to Bloomberg just recently, she may not have been the one to pay the price.

If a genuine ideological debate had broke out between Biden and Warren over the social role of Wall Street and corporate America, while Sanders was still struggling to escape the low double digits, a large swath of progressives may have rallied to Warren, eager for the fight. Warren had come into public life battling Biden over bankruptcy, and some of her harshest rhetoric ever has been directed at him, particularly as she warned that “senators like Joe Biden should not be allowed to sell out women in the morning and be heralded as their friend in the evening.” Instead, campaign advisers argued that the race should be treated more as if it was a game of golf — each player hitting their own shots, aiming for the best round — rather than boxing, where a punch is blocked and met with a counterpunch.


Warren situated her campaign as the heir to several generations of persistent women — from the Bread and Roses strike, to the garment workers in New York, washerwomen in Atlanta, and janitors in Los Angeles — but stopped short of taking the fight directly to Biden until it was too late. (Though she did bury Buttigieg in a wine cave, which must have been satisfying, if not ultimately enough to win.) On Super Tuesday, it became clear that in a contest for the support of suburban voters, Sanders is at a major disadvantage. That’s not the case with Warren, but by the time that contest came, she was no longer in it.

Read more …

After obtaining numerous -fraudulent- FISA applications.

• FBI Agents Linked To Carter Page Surveillance Barred From FISA Process (Turley)

In a further demonstration of the abuses that led to the surveillance of Trump officials, the Foreign Intelligence Surveillance Act (FISA) court has barred FBI officials involved in the wiretapping of former Trump campaign adviser Carter Page from appearing before the court. in rebuke that exceeded the remedial recommendations made by the independent monitor recently appointed by the court. Notably, this goes beyond the recommendations for David Kris, the highly controversial choice as an independent monitor of reforms. The order of Judge Boasberg further belies arguments that the surveillance of the Trump-relate figures was well-based and justified, as I discussed in any earlier column.


Boasberg declared “FBI personnel under disciplinary review in relation to their work on FISA applications accordingly should not participate in drafting, verifying, reviewing, or submitting such applications to the Court while the review is pending. The same prohibition applies to any DOJ attorney under disciplinary review, as well as any DOJ or FBI personnel who are the subject of a criminal referral related to their work on FISA applications.” We will have to wait to see if there are meaningful reforms of this court. Boasberg made a baffling mistake in the appointment of Kris. Moreover, this is not a permanent ban. Most importantly, Sen. Rand Paul is being opposed in his efforts to put serious protections in place, including opposition from the Justice Department.

Read more …

Rania Khalek has an excellent overview of the years of western involvement that led to the mess.

The ceasefire doesn’t solve a thing though. Assad and Putin will never accept a terrorist enclave in Syria. They want Al Qeada et al gone. But to achieve that, Turkey will have to withdraw first. That is what Erdogan and Putin discussed for 6 hours yesterday.

• Uneasy Calm In Syria’s Idlib As Russia-Turkey Ceasefire Takes Effect (R.)

Syria’s war-battered Idlib region was quiet but tense on Friday as a ceasefire deal between Moscow and Ankara took effect, with residents and opposition forces describing a lull in air raids that have pounded the last rebel-held enclave in Syria. Russia and Turkey made the agreement on Thursday evening, after six hours of talks in Moscow, to contain a conflict that has displaced nearly a million people in three months in northwest Syria. Russia and NATO-member Turkey back opposing sides in Syria’s nine-year-old war. Moscow supports President Bashar al-Assad and Turkey backs some rebel groups, and the two sides had been edging closer to direct confrontation in recent weeks.


Several previous deals to end the fighting in Idlib have collapsed. Analysts and residents said they feared the latest ceasefire would also fizzle out as it did not address the humanitarian crisis or air protection in any detail. “This deal isn’t designed to last, rather it is designed to fail – and I am afraid in the not too distant future,” said Galip Dalay, IPC-Mercator fellow at the German Institute for International and Security Affairs. “Any ceasefire arrangement in Idlib, unless it has a no-fly zone dimension, is bound to fail. Deals in the past never de-escalated. They merely froze the crisis until the next escalation.”

Read more …

Somebody needs to stop Erdogan in Europe, and Putin doesn’t see that as his job.

• Turkey Sends 1,000 Special Forces To EU Border To Prevent Migrant Return (ZH)

Starting last week multiple journalists published proof that Turkish authorities were actively facilitating refugee and migrant movement toward EU borders after Erdogan began making good on his prior threat to ‘open the gates’ — angry over the unfolding Idlib crisis. This included footage of buses staged in Istanbul and other cities to take thousands to the land border with Greece. And now Ankara is now openly saying it’s implemented a policy of not only pushing migrants to the border, but ensuring they won’t come back — even after Greece shut its border and has been seen using harsh tactics to keep people from entering in a heightened militarized response.


Turkish Interior Minister Suleyman Soylu announced Thursday the deployment of 1,000 special operations police officers to ensure migrants can’t return. “Turkey will deploy 1,000 special operations police officers to prevent migrant pushback at the border,” the minister said, according to Turkey’s Daily Sabah. The newspaper reported further: “Soylu told reporters that the European Union’s border protection agency Frontex and Greece have pushed 4,900 migrants back to Turkey since March 1.” He also claimed 164 migrants had been injured by Greek border security and Frontex. The interior minister also estimated that almost 140,000 migrants are in the first wave headed toward Europe, which began departing Turkey last Friday.

Read more …

Erdogan sees Brussels as weak. Who’s going to prove him wrong? Or, put another way: what does Erdogan have to lose?

• Erdogan’s Attempts to Blackmail Europe are Doomed to Fail (Coughlin)

If Turkish President Recep Tayyip Erdogan believes he can bully European leaders by provoking a fresh migrant crisis in southern Europe, then he would be well-advised to think again. Ankara’s announcement that it is once again opening the floodgates to allow millions of refugees from Syria’s brutal civil war to travel to south-eastern Europe in search of refuge has been taken to persuade European leaders to back Turkey’s increasingly desperate situation in Syria. Having launched an ill-considered military offensive against the Assad regime in northern Syria, Mr Erdogan now finds himself facing the consequences of his action, with regime forces, backed by Russia and Iran, waging a highly effective campaign against the Turks, which has so far resulted in the deaths of scores of Turkish troops.

In addition, Turkey’s decision to deploy thousands of troops to Idlib province in northern Syria has resulted in a fresh wave of refugees fleeing across the border into southern Turkey, where Turkish officials are already struggling to cope with the estimated four million Syrian refugees that have already sought sanctuary in the sprawling refugee camps. One of the main reasons that Mr Erdogan now finds himself facing this difficult predicament is that he has badly underestimated the nature of his relationship with Russian President Vladimir Putin.


When Turkey took the controversial decision last year to purchase Russia’s state-of-the-art S-400 anti-aircraft missile system, Mr Erdogan calculated that it would herald new era of friendly cooperation with Ankara’s long-standing rival in Moscow even if, by pressing ahead with the deal, the Turks risked jeopardising their relationship with NATO, which bitterly opposed the deal. There was certainly an expectation in Ankara that improved relations with Moscow would result in better cooperation between the two countries on the post-conflict settlement in Syria, especially regarding Turkey’s desire to establish a safe zone in northern Syria.

Read more …

 

 

 

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Don’t Take The Bait

Jul 162019
 
 July 16, 2019  Posted by at 8:19 pm Primers Tagged with: , , , , , , , , , , , , , ,  16 Responses »


Gustave Moreau Orpheus at the Tomb of Eurydice 1891

 

“Don’t Take The Bait”, said 4 young congresswomen yesterday in a press conference in Washington DC. They were referring to comments Donald Trump had made about them earlier. However, just the simple act of calling the press conference meant they were … taking the bait.

Yes, Trump was out of line, way out of left field territory out of line. But he did that on purpose, and Ilhan Omar of Minnesota, Alexandria Ocasio-Cortez of New York, Rashida Tlaib of Michigan and Ayanna Pressley of Massachusetts, were voluntarily following him into that same left field.

I’ve been saying for over 3 years now that the role of Trump is to expose the -inherent and longtime- failures of the US political system. But when I see things like that press-op, how can I possibly think the system has learned anything at all?

If Trump’s role is to reveal the failures of the system, and that same system turns around and blames Donald Trump for all of those failures, how are we ever supposed to take the next step out of here?

 

Trump has been especially vicious against the 4 women, and it’s simply not enough to put that down to his racism or anything like that. There’s something else going on; how obvious would you like it?

What is happening here is not Trump pandering or virtue-signalling to his base -that’s just an added feature. The reality is that Trump, in say (re-)election mode, sees a divide within the Democratic party, drives a wedge into that divide, and twists it.

His strong if not vicious attacks on the 4 women are aimed straight at Nancy Pelosi, Chuck Schumer and Joe Biden, plus all the rest of the centrist Dems. Trump is calling them out. So they will have to either end up supporting AOC and co, or they will not.

If they don’t the Dems are seriously split. They might have been anyway, but Trump makes it impossible for them to keep hiding that. He forces Pelosi et al to either stand behind AOC et al, or to leave her alone, as Nancy was sort of trying to do last week by saying (paraphrased) that “they are just four women”.

And then these girls take the bait to the extent that they call a press conference, which gets tons of attention, but not because they are so newsworthy, as I’m sure they believe, but because Trump is, as anything Trump still is.

It is Pelosi’s worst nightmare. The most vocal members of her party are the furthest removed from the picture she wants to present of the party. But she has to deal with it, with them. She talks about unity all the time, and for good reason.

And Pelosi is smart enough to understand what Trump is doing. She sees the big divide within the Dems and she sees how the divide could make her party lose in 2020. And she sees how Trump uses that.

 

But what can she do? Tell AOC to shut up for the good of Joe Biden’s chances? The last big shot the Dems have at redemption is next week’s 5 hour Mueller hearing on Capitol Hill. And if that doesn’t work out, where are they going to go? Is it perhaps not the greatest idea to keep people with such different ideas in one party?

Bernie Sanders wants Medicare for all, as allegedly do AOC and Elizabeth Warren. AOC wants a Green New Deal, whatever shape that may take, and so on and so on. But if they ever agree on one candidate to run against Trump in 2020, will this person (m/f) run on that platform too?

Or will they go for a center kind of like candidate who’s totally out of line with the four women Trump is aggressively railing against, who thinks US healthcare only needs to be tweaked in minor fashion, Biden-style?!

By now, it’s all good by Trump, because he understands how divided the Dems are, and he’s had time to prepare for using that division.

And he also understands that the main thing the Dems are going to run on, because they have nothing else, is that they are not Donald Trump. They’re not going to agree on Medicare for All or absolving all student debt or any grand plans like that, because they’re too divided to do it.

What unites them is Donald Trump. And then he has them where he wants them.

Please note this is not what I prefer, I think America needs a strong Democratic Party, or perhaps by now more than two parties. It’s just that I think -as I have since 2016- that Trump is the ultimate challenge to the US political sytem, and the system is failing miserably in its response.

 

 

 

 

Debt Rattle July 11 2019

Jul 112019
 
 July 11, 2019  Posted by at 8:53 am Finance Tagged with: , , , , , , , , , , , , , ,  8 Responses »


Pablo Picasso Guernica 1937

 

• Dollar Slips After Powell Bolsters Rate Cut Bets (R.)
• AOC Is Making Monetary Policy Cool (and Political) Again (NYM)
• Trump Tasks Aides To Find A Way To Weaken The US Dollar (CNBC)
• Lock Him Up (Pinkerton)
• Schumer Got Thousands In Donations From Jeffrey Epstein (NYP)
• Democrat Rep. Stacey Plaskett To Donate Epstein Campaign Contributions (CNBC)
• US Probing Deutsche Bank’s Dealings With Malaysia’s 1MDB (ZH)
• Obama the Conservative vs Trump the Revolutionary (EH)
• Former UK PM Major Vows To Block Brexit Parliament Suspension (R.)
• OPCW’s New Chemical Weapons Team To Launch First Syria Investigations (R.)
• UK, US Claim Iranian Boats Attempt To Seize Tanker In Strait Of Hormuz (ZH)

 

 

I’m getting so sick of this. Powelll wants to cut rates but it makes no sense if he’s to uphold Trump’s claim of a great US economy. So what does his spin team come up with? Cut rates because other countries are not doing so well. Cut the crap.

• Dollar Slips After Powell Bolsters Rate Cut Bets (R.)

The dollar eased on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, vowing to “act as appropriate” to ensure the world’s biggest economy will be able to sustain a decade-long expansion. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic outlook amid uncertainty about the fallout from the Trump administration’s trade conflict with China and other nations. “Chairman Powell sounded dovish on most dimensions. This is slightly surprising given benign trade developments following last month’s G20 meeting and the recent rebound in nonfarm payrolls,” said Michael Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management.


“Overall, his comments around slowing growth against a backdrop of muted inflation and elevated uncertainties is consistent with ‘insurance rate cuts’ this year.” Adding to a generally dovish tone in his testimony, the minutes from the Fed’s previous policy meeting showed many policymakers thought more stimulus would be needed soon, reviving speculation of an aggressive rate cut.

Read more …

And AOC also wants low interest rates. Everyone wants the same thing, and nobody says: Wait a minute?!

• AOC Is Making Monetary Policy Cool (and Political) Again (NYM)

Ocasio-Cortez : In early 2014, the Federal Reserve believed that the long run unemployment rate was around 5.4 percent. In early 2018, it as estimated that this was now lower, around 4.5 percent. Now, the estimate is around 4.2 percent. What is the current unemployment rate today?
Powell : 3.7 percent.

Ocasio: 3.7 percent…Unemployment has fallen about three full points since 2014 but inflation is no higher today than it was five years ago. Given these facts, do you think it’s possible that the Fed’s estimates of the lowest sustainable unemployment rate may have been too high?
Powell : Absolutely.

This exchange may sound dull and technical. But the congresswoman’s point has real human stakes. America’s central bank has a dual mandate: to promote full employment and price stability. How the Fed chooses to balance those two objectives has redistributive implications. The wealthy have far more to lose from inflation than they do from modest levels of unemployment. In fact, many business owners may actually prefer for the U.S. economy not to achieve full employment, since workers tend to be less demanding when jobs are scarce. By contrast, the most vulnerable workers in the U.S. — such as those with criminal records or little experience — will struggle to get a foothold in the labor market unless policy makers err on the side of letting unemployment fall “too low.”

And this is what AOC’s questions are implicitly about. If the Federal Reserve believes that the U.S. economy cannot sustain unemployment below 5 percent without suffering high inflation, then it will raise interest rates to cool off investment, thereby preventing too many workers from getting jobs. Ocasio-Cortez’s implication is that, by raising interest rates out of a fear of illusory inflation, the Fed may have needlessly hurt American workers. Powell’s concession on that point is significant, and suggests that the central bank will be less inclined to err on the side of hurting the vulnerable in the future.

Read more …

We’re all of us in the gutter… (but apparently there’s no-one left looking at the stars).

• Trump Tasks Aides To Find A Way To Weaken The US Dollar (CNBC)

President Donald Trump has reportedly tasked aides to find a way to weaken the U.S. dollar in an effort to boost the economy ahead of the 2020 presidential election. The president also asked about the greenback while interviewing Federal Reserve board nominees Judy Shelton and Christopher Waller, people familiar with the matter told Bloomberg News. Those individuals also told Bloomberg that Trump’s chief economic advisor, Larry Kudlow, and Treasury Secretary Steven Mnuchin disapprove of the idea of government tampering to weaken the dollar. Traditionally, past administrations have always maintained publicly they were for a strong dollar because dollar assets like Treasurys are so widely held around the globe.


Trump has often bemoaned the relative strength of the U.S. dollar in foreign exchange markets, blaming foreign nations for devaluing their currencies and thereby inflating the American trade deficit. Last week, the president said in a tweet that the U.S. should match China and Europe’s “currency manipulation game.” “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA,” Trump said on Twitter. “We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!”

Read more …

About Epstein, but with a historical twist.

• Lock Him Up (Pinkerton)

One landmark of American reform was the White-Slave Traffic Act, signed into law in 1910 (“white slavery,” we might note, is known today as “sex trafficking”). That law, aimed at preventing not only prostitution but also “debauchery,” is known as the Mann Act in honor of its principal author, Representative James R. Mann, Republican of Illinois, who served in Congress from 1897 to 1922. Mann’s career mostly coincided with the presidential tenures of two great reformers, Theodore Roosevelt and Woodrow Wilson. And it’s hard to overstate just how central to progressive thinking was the combatting of “vice.” After all, if the goal was to create a just society, it also had to be a wholesome society; otherwise no justice could be sustainable.

Thus when Roosevelt served as police commissioner of New York City in the mid-1890s, he focused on fighting vice, rackets, and corruption. Of course, Mann, Roosevelt, and Wilson had much more on their minds than just cleaning up depravity. They saw themselves as reformers across the board; that is, they were eager to improve economic conditions as well as social ones. So it was that Mann also co-authored the Mann-Elkins Act, further regulating the railroads; he also spearheaded the Pure Food and Drug Act, creating the FDA. It’s interesting that when Mann died in 1922, The New York Times ran an entirely admiring obituary, recalling him as “a dominating figure in the House…[a] leader in dozens of parliamentary battles.” In other words, back then, the Times was fully onboard with full-spectrum cleanup, on the Right as well as the Left.

To be sure, the Mann Act hardly eradicated the problem of sex-trafficking, just as Mann’s other legislative efforts did not put an end to abuses in transportation and in foods and drugs. However, we can say that Mann made things better. Of course, the Mann Act has long been controversial. Back in 1913, the African-American boxer Jack Johnson was convicted according to its provisions. (Intriguingly, in 2018, Johnson was posthumously pardoned by President Trump.) In 1944, film legend Charlie Chaplin, too, found himself busted on a Mann Act rap. Chaplin was accused of transporting a young “actress” across state lines; he was acquitted after a sensational trial, but not before it was learned that he had financed his lover’s two abortions. Chaplin’s career in Hollywood was effectively over.

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Schumer telling others what to do, but doing dick all himself. How much did the Clinton Foundation get?

• Schumer Got Thousands In Donations From Jeffrey Epstein (NYP)

Sen. Chuck Schumer — who called on Labor Secretary Alexander Acosta to resign and said President Trump should “answer” for his friendship with Jeffrey Epstein — accepted thousands of dollars in donations from the alleged pedophile throughout the 1990s, The Post has learned. Federal Election Commission records show that Schumer received seven $1,000 donations from Epstein between 1992 and 1997, first as a U.S. congressman from New York and then when he was vying to be the state’s senator in 1998, an election he won. Epstein — who was arrested Saturday and charged with sex trafficking and a related conspiracy count for allegedly sexually abusing a vast network of underage girls — also gave $10,000 to “Victory in New York,” a joint fundraising committee established by Schumer and the Democratic Senatorial Campaign Committee.

Epstein gave an additional $5,000 to “Win New York,” a Schumer-associated joint committee that benefited the Liberal Party of New York State. Both of Epstein’s donations to the committees came in October 1998 — and look to have primarily benefited the DSCC and the Liberal Party of New York, as Epstein would have already met the $2,000 limit of donating individually to Schumer. At the time, donors could give $1,000 to a candidate per election — once in the primary and again in the general. That means Schumer and Schumer-linked entities received a combined $22,000.

On the Senate floor Tuesday, Schumer made three Epstein-related demands. He first called on Acosta to resign. [..] “Instead of prosecuting a predator and serial sex trafficker of children, Acosta chose to let him off easy,” Schumer said on the floor. “This is not acceptable. We cannot have, as one of the leading appointed officials in America, someone who has done this.” Schumer also asked that the Department of Justice’s Office of Professional Responsibility make public its review of Acosta’s handling of the case. Finally, Schumer said that Trump should paint a fuller picture of what he meant when he called Epstein a “terrific guy” in a 2002 article for New York Magazine.

An April 2011 court filing shows that Trump eventually barred Epstein from Mar-a-Lago “because Epstein sexually assaulted a girl at the club,” the documents allege. Trump didn’t officially launch a political career until June 2015. No FEC records show that Epstein was ever a Trump donor.

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So when will Schumer follow suit? And the rest of them?

• Democrat Rep. Stacey Plaskett To Donate Epstein Campaign Contributions (CNBC)

Democratic congresswoman Stacey Plaskett has decided to reverse course and will give away the contributions she has received from Jeffrey Epstein, who is accused of child sex trafficking. The move comes a day after her team told CNBC that she was unlikely to return the campaign donations after Epstein’s arrest. “In light of new information and allegations that have been made against Jeffrey Epstein I have decided to make contributions to Virgin Islands organizations that work with women and children in the amount of his previous contributions,” Plaskett said in a statement Tuesday.

“My litmus test for accepting campaign contributions has been based on whether the donor’s money was made legally or by ill-gotten means and that the contributor will not ask of me or my Congressional office for any special favors. All my contributions have passed that test. In this case however, I am uncomfortable having received money from someone who has been accused of these egregious actions multiple times,” said Plaskett, who represents the U.S. Virgin Islands in the House as a delegate. Her spokesman Mike McQueery later noted the Epstein donations will be given to The Women’s Coalition and The Family Resource Center.

Her initial announcement led to an outcry on social media, with prominent Democratic strategists such as Adam Parkhomenko calling on Plaskett to give the money over to a nonprofit organization such as the Rape, Abuse & Incest National Network. Since Epstein pleaded not guilty Monday, Plaskett is the first politician to say she is giving away donations from Epstein.

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Deutsche severed ties with Epstein just months ago.

• US Probing Deutsche Bank’s Dealings With Malaysia’s 1MDB (ZH)

When it rains inside the halls of Deutsche Bank, the flood is biblical. Just when it seemed that the biggest (if not for long) German bank, already reeling from the biggest mass layoffs since Lehman, couldn’t possibly bear any more bad news, along comes the US government with yet another potentially criminal investigation, this time over Deutsche Bank’s involvement with the sprawling, multibillion-dollar Malaysian development fraud scandal that toppled a prime minister, crippled Goldman Sachs stock and stretched from Hollywood to Wall Street. According to the WSJ, the DOJ is investigating whether the German bank violated foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd. fund, or 1MDB, which included helping the fund raise $1.2 billion in 2014 as concerns about the fund’s management and financials had begun to circulate.

So how did Deutsche Bank get thrown into yet another scandal? It turns out that DB was snitched out by former Goldman banker, Tim Leissner, the man who was ground zero in the original 1MDB scandal, and who ended up costing Goldman billions in dollar in market cap as its stock tumbled last year as its role in the biggest Malaysian corruption scandal got exposed, and according to some, cost Lloyd Blankfein his job. As it turns out, Leissner is now cooperating with authorities, and among his “good Samaritan” duties decided to throw the one bank that has more dirt on it than Goldman: Deutsche Bank. As we have reported extensively in the past, prosecutors have been investigating similar issues at Goldman, where Leissner, a former managing director, pleaded guilty last year and admitted to earlier helping siphon off billions of dollars from the fund.

[..] But wait, there’s more! Because roughly at the same time as DB’s potential role in the 1MDB scandal was exposed by the WSJ, both the NYT and Bloomberg reported that the German bank had extended relations with yet another, even more scandalous figure: Jeffrey Epstein. According to NYT, Epstein “appears to have been doing business and trading currencies through Deutsche Bank until just a few months ago.” But as the possibility of federal charges loomed, the bank ended its client relationship with Epstein. It is not clear what the value of those accounts were at the time they were closed. Bloomberg confirms, reporting that “Deutsche Bank severed business ties with Jeffrey Epstein earlier this year, just as federal authorities were preparing to charge the financier with operating a sex-trafficking ring of underage girls [..] “

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Nice take by Ed Harrison. I’m no big fan of these alleged sharp divisions between generations, though.

• Obama the Conservative vs Trump the Revolutionary (EH)

I would argue that [Obama] ran for President in 2008 on a slogan – Change You Can Believe In – which very much fits his generation, late baby boom reaching across to the early Gen X’ers. “Change you can believe in” is a moniker designed to evoke a sense of technocratic tweaking, of taking a good system and making it more efficient and more fair for all citizens. It is not a call for revolution. What Obama was saying was essentially, “I am going to take the system we have – the best that man has created – and make it better.” He was not saying, “the system is rigged. The system is broken. And I’m going to burn it down and build up something better.”

Obama’s message was a conservative message. It was a message that was steeped in the status quo, with the change coming only at the margin. It meant continuity in policy and a bevy of tried and trusted policymakers to get us to the next destination. Even Obamacare is a tweak of the existing policy. It is not a fundamentally different healthcare system controlled by different healthcare providers. [..] Donald Trump doesn’t think that way. Norms only matter to him to the degree they move his personal agenda forward. He’s a pretty simple guy in this sense. If a policy choice or a norm helps Donald Trump, then he’s for it. If it hurts him, he’s against it. It’s as simple as that. But, that’s not conservative …at all. Trump may message “Make America Great Again”. But, his process is more about bending and breaking rules, damn the consequences.

None of this is to say that Millennials would support Trump over Obama because they want change. It’s more that Obama’s ‘change you can believe in’ approach was a very incremental, status quo-oriented conservative approach that has disappointed Millennials. They want still more change – not a bend and break the rule kind – but a fundamental systemic change. What does that mean about the next economic downturn? Personally, I think it means that — when people living in precarious at-will employment, with insufficient healthcare coverage, saddled by student debt, unable to purchase homes to build wealth feel the full bore of an economic downturn — they will be willing to burn the system down. They will have no allegiance to the status quo and will vote accordingly.

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Oh, c’mon, wouldn’t it be highly fitting if the Queen were to hammer the final nail into British democracy?

• Former UK PM Major Vows To Block Brexit Parliament Suspension (R.)

Former British prime minister John Major vowed on Wednesday to go to court to block his party colleague Boris Johnson from suspending parliament and dragging the queen into a constitutional crisis to deliver a no-deal Brexit. Johnson, the favourite to win a Conservative leadership election and so become the next prime minister, has refused to rule out suspending, or proroguing, parliament to ensure Britain leaves the European Union on Oct. 31 — with or without a deal. That could provoke a constitutional crisis in one of the world’s oldest and most stable democracies because parliament is opposed to a disorderly exit, lacking a transition deal to ease the economic dislocation of leaving the bloc.

While it is essentially up to the prime minister to make the decision, Major, an opponent of Brexit who has not shied away for criticising his party on the issue, said it would require the queen’s blessing. “In order to close down parliament, the prime minister would have to go to Her Majesty the Queen and ask for her permission to prorogue,” he told BBC Radio. “If her first minister asks for that permission, it is almost inconceivable that the queen will do anything other than grant it. “She is then in the midst of a constitutional controversy that no serious politician should put the queen in the middle of. If that were to happen, there would be a queue of people who would seek judicial review. I for one would be prepared to go and seek judicial review.”

Major accused Johnson of hypocrisy for backing Brexit to secure more power for Britain’s parliament, only to propose to sideline lawmakers when it suited him. He said parliament had not been suspended since King Charles I did so during the English Civil War. Charles was eventually executed, in 1649.

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The OPCW killed its own credibility, thoroughly. Disband it.

• OPCW’s New Chemical Weapons Team To Launch First Syria Investigations (R.)

A new team established by the global chemical weapons watchdog to attribute blame for the use of banned munitions in Syria will investigate nine alleged attacks during the country’s civil war, including in the town of Douma, sources briefed on the matter told Reuters. The Organisation for the Prohibition of Chemical Weapons (OPCW) was created in 1997 as a technical body to enforce a global non-proliferation treaty. Until now it had been authorised only to say whether chemical attacks occurred, not who perpetrated them. Last June, the Investigation and Identification Team (IIT) was established by the OPCW’s member states during a special session, a move that has brought deeper political division to the U.N. -backed agency.


Now it has identified the locations of its first investigations to be conducted in the coming three years. A document circulated to OPCW member states, a copy of which was seen by Reuters, said the team “has identified a non-exhaustive provisional list of incidents on which it intends to focus its investigative work” between 2014 and 2018. The British-led proposal creating the 10-member team was supported by the United States and European Union, but opposed by Russia, Iran, Syria and their allies. Syria has refused to issue visas to the team’s members or to provide it with documentation, OPCW chief Fernando Arias said in comments to member states published last month.

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Where’s the credibility in this case?

• UK, US Claim Iranian Boats Attempt To Seize Tanker In Strait Of Hormuz (ZH)

With the Persian Gulf uncharacteristically quiet in recent days, without any material provocation either real or staged, late on Wednesday CNN reported that five armed Iranian Islamic Revolutionary Guard boats unsuccessfully tried to seize a British oil tanker in the Persian Gulf. There was no independent verification of the report, but instead it was once again sourced to those who stands to gain the most from a way with Iran, namely “two US officials with direct knowledge of the incident.” According to the report, the British Heritage tanker was sailing out of the Persian Gulf and was crossing into the Strait of Hormuz area when it was approached by the Iranian boats.


The Iranians ordered the tanker to change course and stop in nearby Iranian territorial waters, according to the officials. A US aircraft was overhead and recorded video of the incident, although so far a video has not been released. In addition to the US aircraft escort, the UK’s Royal Navy frigate HMS Montrose had been escorting the tanker, and during the confrontation, it trained its deck guns on the Iranians and gave them a verbal warning to back away, which they did. Montrose is equipped on the deck with 30 mm guns specifically designed to drive off small boats. The frigate was in the region performing a “maritime security role” according to a prior notification from UK officials.

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Seen at the inane Defend Media Freedom conference in the UK.

 

 

 

‘Man goes to a psychiatrist. He says, “I keep thinking I’m a dog.” Psychiatrist says, “OK, let’s get you on the couch.” Man says, “I’m not allowed on the couch.”‘

 

 

 

 

Drowning Children

Jul 022019
 
 July 2, 2019  Posted by at 1:16 pm Finance, Primers Tagged with: , , , , , , , , , , , , ,  6 Responses »


Salvador Dali Remorse, or Sphinx Embedded In Sand 1931

 

Any image of a dead child is always harrowing, for everyone but the most deranged psychopaths among us. If the child has drowned while seeking a better life it is possibly worse. The public reaction of politicians to such images, which varies from doing very little, or nothing, to solve the issues that have led to a child drowning, to trying to make cheap political gains from the image, must be the worst.

On September 2 2015, this photo of Syrian Kurdish 2 year-old Alan Kurdi, lifeless on a beach near Bodrum, Turkey, went viral. Almost 4 years later, all Europe has done is try to hide the problems that led to his death, by handing Turkey billions of euros to keep refugees inside that country. And still today conditions in Lesbos, Greece are appalling. Hardly a thing has changed.

 

 

Improvements to the situation that lead to Alan Kurdi’s death, within Syria itself, have had very little to do with European efforts. Russia had a much bigger role in that. And Syria is not the only source, or place, of troubles and refugees. Libya has turned into an open air slave market thanks to US and EU “efforts” under Obama. And Iraq is not exactly a land of milk and honey either. Or Afghanistan.

And then this week another picture of a drowned child made the frontpages -and more. That child, too, drowned due to a situation that has a long history: the US seeking to turn Central America into a dirt-poor, chaotic and unsafe environment that local people desperately want to escape. Same difference. And again, in the US and EU it is used as propaganda material.

 

 

 

So who do you blame for this? Trump of course. Who also gets the blame for the conditions in which children are held at the US-Mexico border, in “cages”. A disaster that caused Alexandria Ocasio-Cortez to stage a scene in which she cried her heart out while looking at an empty parking lot in an expensive dress.

The truth is, it doesn’t seem to matter anymore. The people who are on AOC’s side of the divide will never see the reports on her faking the scene, that’s how segregated America has become. The “appropriate media” will convey the “appropriate” message” to the “appropriate audience”. Chuck Schumer even took the photograph to Capitol Hill for some quick and easy points.

 

What Schumer et al do not mention was that the “cages” AOC -ostensibly- cried about were built by the Obama government, i.e. Schumer’s own party. And there’s a few other things he conveniently left out. Like the fact that the horrible situations in their home countries that these people face are caused by the US itself, including Democrats like Schumer.

But first, some of the press on June 26, when the pictures came out:

A Grim Border Drowning Underlines Peril Facing Many Migrants

The searing photograph of the sad discovery of their bodies on Monday, captured by journalist Julia Le Duc and published by Mexican newspaper La Jornada, highlights the perils faced by mostly Central American migrants fleeing violence and poverty and hoping for asylum in the United States. According to Le Duc’s reporting for La Jornada, Óscar Alberto Martínez Ramírez, frustrated because the family from El Salvador was unable to present themselves to U.S. authorities and request asylum, swam across the river on Sunday with his daughter, Valeria.


He set her on the U.S. bank of the river and started back for his wife, Tania Vanessa Ávalos, but seeing him move away the girl threw herself into the waters. Martínez returned and was able to grab Valeria, but the current swept them both away. The account was based on remarks by Ávalos to police at the scene — “amid tears” and “screams” — Le Duc told The Associated Press.

That border did not become “grim” overnight, it has been exactly that for many years. We have proof of that. But first, more easy points.

‘Trump Is Responsible’

The Democratic presidential candidates rushed to condemn the “inhumane” situation on the US border with Mexico – with some directly blaming Donald Trump – after a picture of a Salvadoran father and his toddler daughter found dead in the Rio Grande shocked the nation. The photograph, which emerged on Tuesday night, showed Óscar Alberto Martínez Ramírez, 26, and his 23-month-old daughter Valeria laying facedown near Matamoros, Mexico, on the bank of the river that marks the US border – reopening a fierce debate about the scale of the crisis.

The picture, by journalist Julia Le Duc, has drawn comparisons to the 2015 image of three-year-old Syrian boy Alan Jurdi, who drowned off Kos in Greece – sparking a significant moment in the European debate over migrants and refugees. Beto O’Rourke said: “Trump is responsible for these deaths.” Writing on Twitter, the former Texas congressman added: “As his administration refuses to follow our laws – preventing refugees from presenting themselves for asylum at our ports of entry – they cause families to cross between ports, ensuring greater suffering & death. At the expense of our humanity, not to the benefit of our safety.”

Fellow 2020 hopeful senator Kamala Harris condemned the picture as “a stain on our moral conscience”. She wrote: “These families seeking asylum are often fleeing extreme violence. And what happens when they arrive? Trump says, ‘Go back to where you came from.’ That is inhumane. Children are dying.” Corey Booker, New Jersey senator and 2020 candidate, also blamed the president. “We should not look away. These are the consequences of Donald Trump’s inhumane and immoral immigration policy. This is being done in our name,” he tweeted.

 

These people don’t appear to have any knowledge of their own history, their own party. Either that or they’re flat-out lying. Kamala Harris: “..what happens when they arrive? Trump says, ‘Go back to where you came from.’ That is inhumane. Children are dying.” Here Kamala, Corey, Beto, take a listen to what Obama said in both 2007 and again in 2014. Take your time, we’ll wait:

While it’s impossible to quantify misery, and we should not even try, perhaps the closest we can get to doing it anyway is by looking at the number of people who have died at the US Southwest border. And if you can do that over an entire 20-year period, you at least have some indication.

And what do we see? The number of deaths under Trump is not high at all, at least in relative terms. Every death is one too many, true enough. But still. Since 2000, there was only one year, 2015, in which there were fewer deaths than in the two Trump years, 2017 and 2018.

 

 

Here’s a more detailed version of this (click for larger pic in new tab):

 

 

But yes, I know how much people love to hate Trump and his administration, and often for good reason too. But this whole thing appears to be about issues that existed during the previous Obama administration- and W. Bush- just as much, if not more. When Chuck Schumer and Nancy Pelosi already were where they are now: in positions of -real- power. So you know, what do you do when they try and blame Trump for the very things they were complicit in?

And then there’s Salvini in Italy refusing entry to a ship filled with refugees. Which pretty much says he’s trying to force captains to break age-old maritime law (or the Law of the Sea, admiralty?!). And you can say he’s an idiot for doing it, and he is, but he is also telling the EU that Italy can’t accept 10 times more refugees than other EU nations just because it happens to have a coastline.

And sure Salvini is a belligerent fool, and so is Trump, but if you want to understand what happens you can’t stop at blaming only them. It’s tempting but it’s also far too easy. Even the Dalai Lama said people should stay in their own countries. But also that they should receive help from the west. Which for many decades have only been terrorizing them. This is as true in Africa as it is in Central America.

 

Arguably, all we need to do to stop children like Alan Kurdi and Valeria from drowning at border crossings is to make their home countries safe from our own criminal and deathly activities. But that’s not going to be easy. I read this piece today from think tanking US professors Mark Hannah and Stephen Wertheim, and it doesn’t even make sense beyond the initial message:

Here’s One Way Democrats Can Defeat Trump: Be Radically Anti-War

The last two presidents, Obama and Trump, were unlikely aspirants to the office partly because they bucked national-security orthodoxy, blasting Middle East wars and the political class that started them. Obama and Trump won their elections partly for the same reason. Once in office, however, they struggled to deliver. Endless war continues; diplomacy is in tatters; Americans suffer from underinvestment where they live and work; and the greatest threats, like climate change, loom larger across the globe. In 2020, the candidate who not only identifies these problems, but offers real solutions, will benefit.

Problem is, the Democrats are a radically pro-war party, just like the Republicans. The writers silently admit this by not naming one Democrat who is anti-war, and by not at all naming the one presidential candidate who is, Tulsi Gabbard. Which makes one suspect that they and their backers are not so much anti-war as they are anti-Trump, but since many Americans are anti-war these days, they see it as a possibly winning platform.

Given that Wertheim is a co-founder with George Soros and the Koch brothers of the Quincy Institute for Responsible Statecraft, none of this is surprising. They just want the power back, and if that takes promising no more forever war during an election campaign, hey, that’s fine with them. And then once the election’s done, they can go back to their merry ways of inciting wars. They might as well claim they’re going to save us from climate change too.

 

The solution to the problem of children -and adults- drowning at border crossings is dead -pun intended- simple. Stop bombing people, stop interfering in their countries altogether, stop strangling them with economic sanctions. Implementing these very easy policies, though, is far from simple. And so the problem keeps growing.

 

 

The most important take-away from all this is that the problem is not Salvini or Trump, but the EU and US, the entire “body politic” of both. Where left and right are on the same side, that of power and money, and their ‘differences’ are mere distractions that serve to entertain their audiences. And the media whipping up a blind hatred of everything Salvini or Trump, is not going to make this world a better place.

Left and right alike dance to the tunes of the arms industries and other large corporations, which profit from chaos and misery, both in ‘powerless’ countries and at home. We’re stuck with “progressives” who have no meaningful link to progress and conservatives whose very last idea seems to be to conserve anything of value.

But be critical of the left and you’re labeled right wing, and vise versa. We live in a modern version of a segregated society, not progressing anywhere and not conserving a single thing on its way there.

We need to do better, much better, if we are to prevent the next child from drowning.

 

 

 

 

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