Aug 022022
 
 August 2, 2022  Posted by at 9:35 am Finance Tagged with: , , , , , , , , ,  47 Responses »


Edward Hopper The long leg 1935

 

Germany Counts Cost Of Russian Gas Cut-off (RT)
Europe Has Lost The Energy War (Fazi)
Ukraine Limiting Russian Gas Flow To EU – Gazprom (RT)
Brandon Shifts The Narrative On Banderastan (Saker)
Anti-Russia Sanctions Don’t Reflect Global Reality – Putin (RT)
West Will Run Out Of Money To Support Ukraine – Macgregor (RT)
Hundreds Of ‘Petal’ Mines Reportedly Found In Donetsk (MSO)
Spain Comments On Kosovo’s Independence (RT)
Russia ‘Absolutely’ Supports Serbia – Kremlin (RT)
Supposed Killing Of Al Zawahiri Is Suspect, Weird And Fishy (CTH)
The Day Anthony Fauci Wrecked American Freedom (Tucker)
Atonement (Jim Kunstler)

 

 

 

 

Graham McCain 2016
https://twitter.com/i/status/1554088190637740033

 

 

Ukraine produces 3.1% of global wheat. Let’s all panic!

 

 

 

 

“German inflation may well exceed 10% by the end of the year..”

Germany Counts Cost Of Russian Gas Cut-off (RT)

German inflation may well exceed 10% by the end of the year if gas supplies from Russia are cut off, Deutsche Bank head Christian Sewing said in an interview with the Frankfurter Allgemeine Sonntagszeitung, published on Saturday. “If Russian gas continues to flow [into Germany], we should reach an inflation rate of around 8% by the end of this year. But inflation would be higher if the gas stopped flowing. Then 10% or more is possible,” Sewing said. The CEO pointed out that losing gas supplies from Russia “would have a significant impact on economic growth in Germany” and the country “will definitely slip into recession.” He noted that “with the right interest rate hikes and the right policies, there is still a chance to bring [inflation] down to 5-6% next year, and then get close to the actual target of 2% again in 2024.”

However, such measures “will take time, so we should not give people false impressions,” he added. Commenting on the recent move by the European Central Bank (ECB) to hike interest rates, he said the ECB “is moving in the right direction.” “Currency devaluation is poison for people. I am grateful that the ECB is well aware of the problem and has now given a clear signal to raise the rate by 0.5 percentage points. We have been saying for a long time: higher inflation is not a temporary phenomenon, and it needs to be dealt with seriously,” Sewing stressed. He warned, however, that the worst may still be ahead for the German economy.

“The biggest burden for many people is yet to come. If monthly expenses exceed income, people will consume less and the mood of the country will deteriorate as well. It’s all the more important that the right steps are taken early on,” the banker stated. Inflation in Germany soared this month, jumping to 8.5% year-on-year in July after dropping to 8.2% in June as a result of government relief measures. This comes as elevated food prices and surging energy costs continued to plague the country. In a poll published by the newspaper Bild earlier this month, half of respondents said they feel their economic conditions are deteriorating, seeing rising prices as a heavy burden and fearing being unable to heat their homes this winter.

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It doesn’t feel like they ever tried to win.

Europe Has Lost The Energy War (Fazi)

After a decade of financial austerity, is Europe now on the brink of a new age of energy austerity? The city of Hanover has recently introduced strict energy-saving rules that include cutting off the hot water in public buildings, swimming pools, sports halls and gyms, banning mobile air conditioners, fan heaters or radiators, switching off public fountains, and stopping illuminating major buildings such as the town hall at night. Meanwhile, several countries across Europe are considering dimming or switching off public lights, and even adopting “energy curfews”, with early closures for businesses and public offices. And more drastic measures are under consideration — including gas rationing for energy-intensive industries such as steel and agriculture.

These measures are part of an EU-wide Gas Demand Reduction Plan, ominously titled Save Gas for a Safe Winter, to reduce gas use in Europe by 15% until next spring. Among the proposals is a provision that officials in Brussels impose fines for non-compliance if they decide the crisis is escalating dangerously. All of this comes amid growing fears that dwindling Russian gas supplies may plunge Europe into an energy crisis this winter. Overall, Russian gas exports to the EU are at about a third of last year’s levels, falling steadily since the invasion of Ukraine. While several European countries have been reducing their Russian gas imports, Russia itself has been reducing gas flows to Europe through Nord Stream 1, the continent’s biggest pipeline, citing mainly technical issues.

Just the other day, citing equipment repair, Russia announced yet another reduction in the amount of natural gas flowing through Nord Stream 1, which is now operating at only 20% capacity.This has caused natural gas spot prices to surge to levels not seen since early March; they are now almost 10 times higher than they were two years ago. In most countries, electricity prices have risen accordingly. Soaring energy prices are already fuelling record inflation — currently close to 9% and rising in the EU — squeezing people’s spending power, plunging thousands into poverty, and placing a huge burden on industry. This is especially true for Germany, which is almost entirely dependent on Russian gas imports. Indeed, the country’s industrial production has been contracting for over three months. Astonishingly, 16% of industrial German companies have reduced production or partially stopped their activities due to rising energy prices. This helps explain why last month Germany became the first country to escalate its warning over gas supplies to the “alert level”.

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Humor: Nord Stream 2 turbines come from Iran, not Germany.

Ukraine Limiting Russian Gas Flow To EU – Gazprom (RT)

Russia’s EU-bound natural gas supplies, pumped via Ukraine, are limited to one remaining entry point, while Kiev refuses to reopen a second transit station, energy giant Gazprom said on Monday. “Gazprom is supplying Russian gas for transit through Ukraine in the volume confirmed by the Ukrainian side through the Sudzha gas metering station – 41.7 million cubic meters as of August 1. The application to reopen the Sohranovka gas metering system has been rejected,” Gazprom’s representative told reporters. Ukraine shut down transit through the Sokhranovka station, which handles about a third of the Russian gas flowing through Ukraine to Europe, in early May, citing “interference by the occupying forces.”

Kiev argued that is gas transit operator GTSOU could not control the Novopskov border compressor station in Lugansk Region due to Russia’s military operation, and considered the situation a force majeure. However, Gazprom at the time said it did not see any grounds for halting gas flows. Kiev asked the Russian firm to transfer all gas transit to the Sudzha pumping station in the Kursk Region, which Gazprom ruled out as technically impossible. Meanwhile, Russia has also been forced to reduce its gas flow to Europe through the Nord Stream 1 pipeline, due to turbine malfunctions. Gazprom has blamed the issue on the German company Siemens, which produced and maintains the equipment, accusing it of failing to fulfil its commitments.

The drop in Russian supplies has led to a surge in gas prices in Europe. In July, futures contracts for deliveries in August and September traded on the Dutch TTF exchange in the range of $1530-2385 per thousand cubic meters. In comparison, at the same time last year the spot price was less than $500.

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“And now “Biden” “generously” will allow Putin to stay in power. Yes, “Biden”, not the fact that the Russian population fully support Putin, and the SMO.”

Brandon Shifts The Narrative On Banderastan (Saker)

President “Biden” (i.e. the “collective” Biden, not the actual Bradon) penned an interesting article for the NYT entitled “President Biden: What America Will and Will Not Do in Ukraine“. The entire things is behind a paywall, and it is not really worth reposting it here. But I do want to comment on a few of “Biden’s” theses. First, I will ignore the obnoxious habit of calling the USA “America”, when just Canada and Brazil alone are almost as big as the USA. Furthermore, the USA is only 9,833,520 km2 (3,796,742 sq mi) while the total area of the Americas is 42,549,000 km2 (16,428,000 sq mi). Finally, there are 35 countries in the Americas but, fine, okay, if saying “‘Murica” evokes imagines of Captain America and waving (Chinese made) flags – then fine. Let’s look at a few key sentences:

“America’s goal is straightforward: We want to see a democratic, independent, sovereign and prosperous Ukraine with the means to deter and defend itself against further aggression (…) We do not seek a war between NATO and Russia. As much as I disagree with Mr. Putin, and find his actions an outrage, the United States will not try to bring about his ouster in Moscow“. Now that is a HUGE change. In Russian, there is this expression of “changing shoes while in mid jump” which refers to situation when a person suddenly make a full and instantaneous 180 after pompously insisting on a goal which is now dropped. The initial plan was simple: to smash the Russian economy, have Putin overthrown in an insurrection of some kind, break apart Russia and then turn towards China and crush it.

And, considering the absolutely extreme demonization of Putin, he was clearly designated as the object of total hate by “all of progressive and freedom loving mankind”. And now “Biden” “generously” will allow Putin to stay in power. Yes, “Biden”, not the fact that the Russian population fully support Putin, and the SMO. How stupid does “Biden” think that we all are? Anyway, let’s continue, “We will also continue reinforcing NATO’s eastern flank with forces and capabilities from the United States and other allies. And just recently, I welcomed Finland’s and Sweden’s applications to join NATO, a move that will strengthen overall U.S. and trans-Atlantic security by adding two democratic and highly capable military partners“This entire paragraph can be summarized in all sorts of colorful ways, I will just call in counter-factual and delusional nonsense. Where do I even begin here?

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“..unfair competition, a bid by the West to hinder Russian businesses and reconfigure world markets in their favor…”

Anti-Russia Sanctions Don’t Reflect Global Reality – Putin (RT)

The West’s decision to sanction Russia over the Ukraine conflict was made for the sake of opportunistic political interests which do not reflect global realities, Russian President Vladimir Putin said on Monday. Addressing a virtual meeting on Russia’s metals industry, the president noted that the sector continues to face challenges in light of the Western sanctions. He highlighted the problem of limited access to international markets and the ban on buying foreign equipment for the production of fittings, rolled metals and steel sheets in Russia. “As I have already said, these decisions were made by Western countries for the sake of political interests, moreover, current, opportunistic ones and not reflecting the realities either in world politics, nor in the world economy,” he claimed.

Vladimir Putin argued that the Western sanctions failed to take into account “obvious consequences”, such as the rising cost of building materials on the international market, and the spurring of global inflation.“The decline in well-being and the quality of life of ordinary citizens, first and foremost in Europe, is of no interest to politicians, not to mention such things as adherence to the principles of the World Trade Organization. These things have been simply tossed into the trash,” the Russian leader added. Putin described attempts to limit Russia’s metals industry as a blatant manifestation of unfair competition, a bid by the West to hinder Russian businesses and reconfigure world markets in their favor.

Western countries including the US and EU members have imposed sweeping sanctions on nearly all aspects of the Russian economy since the launch of Moscow’s military offensive in Ukraine in late February. The measures include limitations on Russian oil and gas, goods and financial services.Last month, Putin branded the sanctions illegitimate, saying they ignore the fundamental principles of respecting another nation’s sovereignty and non-interference in its internal affairs. He insisted that such actions not only damage relations between states and peoples, but undermine the global legal system. Putin also reiterated Moscow’s stance that it will always be a reliable and responsible partner for those who are committed to mutually beneficial, predictable business cooperation. He pledged, however, that Russia will not work to its own detriment with “those who are clearly unfriendly towards us.”

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Will the support last till Christmas? Or will they be too occupied with China by then?

West Will Run Out Of Money To Support Ukraine – Macgregor (RT)

The West will eventually lose interest in the Ukraine conflict and run out of resources to support Kiev in its war against Russia, a top former US military official said. “There is no strategy. What we have is impulse,”retired Colonel Douglas MacGregor told Judge Andrew Napolitano on his YouTube channel on Friday. In a wide-ranging interview, MacGregor said much of the military aid earmarked for Ukraine never reaches the country itself. “Most of the money goes to the Department of Defense to compensate the armed forces for the movement of equipment and resources over to Europe. That money in turn is then transferred to the defense industries, the contractors who support and provide the replacement equipment,” he said, adding that the “whole circular operation enriches everyone who is important to Capitol Hill in terms of re-election.”


MacGregor called the situation a “shell game”that enriches the military-industrial complex, the same people who help politicians get re-elected in Washington. “My own view is that this war in Ukraine will not end with a bang but with a whimper, that eventually we will just sort of quietly run out of resources,” he said, adding that domestic problems in the West will overshadow the conflict. “We’ll have so many problems at home here in the United States that we’ll no longer bother with [Ukraine],” he said. In a combination of aid packages, the US is sending roughly $54 billion to Ukraine in both economic and military aid, with approximately $12 billion of that in weapons. At the same time, the US economy shrank 0.9 percent in the second quarter of this year, which is the second consecutive quarter of economic contraction, which technically meets one definition of a recession. Coupled with the highest inflation since 1981, the US economy faces a period of “stagflation” – defined as low growth with high inflation.

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Why?

Hundreds Of ‘Petal’ Mines Reportedly Found In Donetsk (MSO)

Ukrainian forces were accused of shelling residential areas of the eastern city of Donetsk on Saturday night with hundreds of so-called petal mines littering the streets in the aftermath. The tiny bombs, which are shaped like small flowers, were found in the centre of Donetsk, areas close to the city’s university, recreational areas and others.Journalist Eva Bartlett, based in Ukraine, heard the shelling start on Saturday night. “This morning I saw these mines in a heavily populated western Donetsk district,” she said. “They tear off limbs but don’t necessarily kill. Nasty war crimes to add to the list of Ukraine’s manifold war crimes.” Local authorities issued a warning to residents asking them to “watch your step carefully, walk only on asphalt” and to call emergency services if they spot one of the deadly mines.


Civilians were advised to only walk on open routes and to avoid shortcuts after the latest attack as the mines are difficult to spot in grass or other areas. The Lepestok cluster mines are banned under international humanitarian law and their use is deemed a war crime under the Geneva Convention. They were widely used in Afghanistan where children often mistook them for toys, and were seriously injured or killed after handling them. On Saturday, Donetsk authorities said that a large number of the petal mines were found by a school in the city’s Kirov district. The overnight shelling occured shortly after Ukrainian President Volodymyr Zelensky ordered troops and civilians to urgently evacuate from Donetsk. Transport networks were suspended across the city today as clear-up operations were under way.

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“Kosovo’s declaration of independence from Serbia in 2008 was illegal and can’t be recognized by Spain..”

Spain Comments On Kosovo’s Independence (RT)

Kosovo’s declaration of independence from Serbia in 2008 was illegal and can’t be recognized by Spain, Prime Minister Pedro Sanchez said on Monday during a visit to Albania’s capital, Tirana. As Sanchez met with Albanian Prime Minister Edi Rama amid his tour of the Balkans, he stated that the “unilateral declaration of independence, in the view of the Spanish government and with respect to the Albanian government, was a violation of international law”and therefore “unacceptable” to Madrid. The Spanish PM also told Rama that Madrid fully supports Albania’s bid for European Union membership, citing the applicant’s “commitment and the reforms it has made.”

His comments come after tensions flared up over the weekend on the border between Serbia and its breakaway province, officially called the Autonomous Province of Kosovo and Metohija in the Serbian constitution, which received recognition by several Western powers in 2008. The government in Kosovo planned to ban the use of Serbian-issued license plates and ID papers starting from August 1, and was to use its police force to enforce the measure. Belgrade officials called it an attack on Kosovo’s Serbian population as President Aleksandar Vucic accused Pristina of violating the rights of local Serbs.

Kosovo’s Prime Minister Albin Kurti in turn has accused local Serbs of opening fire on police, and claimed his government is facing “Serbian national-chauvinism” and “misinformation” from Belgrade. On Sunday, Serbs in the north of the breakaway province set up roadblocks and rang alarm bells as heavily armed Kosovo special police took control of two administrative crossings with Serbia. The situation received a temporary resolution after Washington called on Kosovo officials to postpone the implementation of the controversial law until September 1. Pristina agreed, on condition that Serbia remove barricades from the de facto border. Vucic has said that he hopes for tensions to ease and promised that Belgrade would do everything within its power to preserve the peace through compromise.

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“..one-sided, spontaneous decisions aimed at squeezing [the Serbs] out of Kosovo..”

Russia ‘Absolutely’ Supports Serbia – Kremlin (RT)

Moscow fully backs its ally Belgrade in the dispute with Kosovo over the decision by the breakaway province to ban Serbian license plates and identification papers, the Kremlin press-secretary Dmitry Peskov has said. “Of course, we absolutely support Serbia,”Peskov replied, after being addressed on the issue by journalists on Monday. The decision by the Kosovo authorities to outlaw Serbian license plates and IDs was“absolutely unreasonable,” he stated. On Sunday, Serbs in the north of the breakaway province set up roadblocks and rang alarm bells as heavily armed special police took control over two administrative crossings with Serbia, preparing to implement the order by Pristina.

As tensions mounted, Kosovo’s prime minister Albin Kurti announced late in the day that the ban had been postponed at the request of the US ambassador to the province. However, Kurti stressed that the measure, which according to Pristina was needed to impose “law and order,”has only been delayed, not canceled. “Thank God, the escalation was avoided tonight, but this situation has only been postponed for one month, so it’s paramount for all sides to show prudence,” the Kremlin press-secretary pointed out. Russia’s ambassador to Serbia Alexander Botsan-Kharchenko also warned on Monday that “it was difficult to see the conditions for finding sustainable solutions to those issues that caused the current spike in tension.”

The lack of agreement on license plates and IDs, and many other similar matters, are “being used by Pristina to make one-sided, spontaneous decisions aimed at squeezing [the Serbs] out of Kosovo,” he added. According to Peskov, Moscow believes that that the Western countries, which recognized the mainly Albanian-populated Kososvo in 2008,“should now use their influence to warn the authorities in Kosovo against making any ill-conceived steps,” he said. Serbia considers Kosovo a part of its territory, and is backed in doing so by Russia, China and the UN in general, who haven’t recognized the territory as an interdependent entity.

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“Since when does al-Qaeda wait 48+ hours to denounce hostile action in their territory?”

How many times has he been killed now?

Supposed Killing Of Al Zawahiri Is Suspect, Weird And Fishy (CTH)

Everything about the supposed killing of al-Qaeda leader Ayman Al Zawahiri is suspect, weird and fishy. First, Al Zawahiri has been reported as killed or dead at least a half dozen times in the last 10 years; including by natural causes. Second, Ayman Zawahiri was very old. Western citations put his age at 71 (born 1951), however, that is suspect (sounds like his younger brother’s age). Third, the location of his reported killing in Kabul is odd. Zawahiri was known to avoid large populations, and even with the U.S. withdrawal from Afghanistan the tribal conflicts with factions of the Taliban would have been an issue.

Fourth, somehow the Taliban waited until after the U.S. intelligence community leaked the strike to the media before they issued a statement condemning the drone attack. Since when does al-Qaeda wait 48+ hours to denounce hostile action in their territory? Coordinating and timed joint press releases between the White House and ‘Taliban‘ to western media outlets is seriously sketchy. Fifth, absolutely no official outline from the Pentagon or White House on this “successful counterterrorism strike“? Despite a primetime presidential address, the White House has no announcement, no official statement, nothing, on their website. Additionally, Biden leads off saying the attack was on Saturday, the Taliban waited 48-hours to denounce a U.S. drone strike?

Think about it. Doesn’t add up. More sketchy. Sixth, and seemingly just an oddball addendum, Fox News breaks the story using Jennifer Griffin as lead reporter. As I noted several days ago, Griffin had been missing from Fox News since she went bonzo in March attacking Tucker Carlson over his cynicism of the official State Dept and Pentagon narrative in Ukraine. May, June, July, nothing from pentagon deep state promoter Jenn Griffin at all. Then, suddenly, on the same day Griffin resurfaces, after months of nothing, there’s a major terrorism strike in Afghanistan, killing Zawahiri and she’s leading the coverage?…. With Brett Baier cheerleading? C’mon man. Sketchy, all of it.

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Trump was trumped.

The Day Anthony Fauci Wrecked American Freedom (Tucker)

Fears of a virus from China had been rising for two months in the spring of 2020. The White House under Donald Trump had already weathered two impeachment crises and was turning its attention toward reelection in November, which seemed assured. The virus was an enormously complicating factor. Trump surrounded himself with a small team of people among whom included supposed infectious disease experts such as Anthony Fauci from the National Institutes of Health and Deborah Birx of the Centers for Disease Control. On the recommendation of his vice president and son-in-law, Trump trusted them.

Trump had already closed travel from China but now his scientific advisers were urging him to do more: stop travel from Europe, UK, and Australia. That was March 12. He made the announcement in a prime-time address. In that brief speech, he misread the teleprompter and said that the travel ban would include goods. He meant to say that it would not. The stock market tanked and the White House had to issue a clarification the next day. Already there was chaos in the air. Over the weekend, Trump spent most of his time in huddles with close advisors. The main influence over that period became Deborah Birx, whose job it was to convince Trump of the need for a two-week lockdown of the entire American economy.

Trump agreed to do the deed. He would appear with Fauci and Birx at a press conference on Monday, and preside over the call for a lockdown. “If everyone makes this change or these critical changes and sacrifices now,” Trump said, “we will rally together as one nation and we will defeat the virus and we’re going to have a big celebration together.” Later Birx admitted that she knew that two weeks “was a start, but I knew it would be just that. I didn’t have the numbers in front of me yet to make the case for extending it longer, but I had two weeks to get them.”

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“..first they will have a lot of money that’s worthless and then they will have no money, like everybody else..”

Atonement (Jim Kunstler)

News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.

You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Government because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.

Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.

The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Époque, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.

Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.

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Rutte

 

 

 

 

 

 

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Aug 012022
 
 August 1, 2022  Posted by at 8:26 am Finance Tagged with: , , , , , , , , ,  59 Responses »


Pablo Picasso Massacre in Korea 1951

 

World Re-entering The Coal Age – IEA (RT)
NATO Force On Alert Amid Kosovo Tensions (RT)
Russia Warns Kosovo Against Conflict (RT)
Hungary’s Orban Expects Gas Deal With Russia This Summer (R.)
JPMorgan Says Russia Has Had Little Problem Rerouting Its Oil Exports (BI)
The New Economic World Map (Salamah)
A Community of Common Destiny? (Voiret)
Going to Samarkand (Escobar)
The Myth of the HIMARS ‘Game Changer’ (Scott Ritter)
Severing Ties With Russia Is ‘Absurd And Dangerous’ – German Official (RT)
Ottawa’s Fertilizer Reduction Target Is ‘Pulled Out Of The Air’ (TNC)
Pfizer Posts Record Profits On Taxpayer-funded, Liability-free Products (Sch.)

 

 

 

 

 

 

A stable future
https://twitter.com/i/status/1544708488613531649

 

 

 

 

Trump vs Great Reset

 

 

 

 

You’d almost think the whole Russia conflict was set up by the nuclear lobby.

World Re-entering The Coal Age – IEA (RT)

Global coal demand could reach 8 billion tons in 2022, matching a historic high set in 2013, and further growing in 2023, the International Energy Agency (IEA) said in a coal market update report published on Thursday. “Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tons, assuming the Chinese economy recovers as expected in the second half of the year… This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high,” the report states. According to the agency, demand is being driven up by rising natural gas prices, forcing many countries to increasingly switch from gas to coal and reopen previously closed coal-fired power plants.

The report states that China, which is “responsible for more than half of global coal consumption,” will be the main driver for the growth in demand in the second half of 2022, despite seeing demand drop by 3% in the first half of the year. Demand for coal in India is also expected to rise due to the country’s economic growth and more widespread use of electricity. The EU is also forecast to contribute to demand, as it is increasingly turning to coal in electricity production to replace gas or save it for the winter due to the decline in Russian gas imports. The IEA adds that the coal markets will remain volatile in 2023, especially after the EU coal embargo comes into effect, and prices may continue to grow well into next year.

“As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond,” the IEA states.

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NATO appears to be looking for a new theater to fight Russia in. Back to the Balkans, they haven’t done enough damage there. Look who was in Kosovo a few days ago. Coincidence not.

NATO Force On Alert Amid Kosovo Tensions (RT)

The NATO-led Kosovo Force (KFOR) peacekeepers were spotted late on Saturday in the city of Kosovska Mitrovica, located in the north of Serbia’s breakaway region of Kosovo. The force, apparently Italian carabinieri units, were spotted guarding a bridge across the Ibar river, footage from the scene circulated by local media shows. The bridge splits the city into the northern Serb-populated part, and the southern one, inhabited predominantly by ethnic Albanians.KFOR, the NATO-led peacekeeping mission, said in a statement on Sunday evening that it was “prepared to intervene if stability is jeopardized.” The KFOR has been reportedly placed on high alert, with a large military convoy of some 30-40 vehicles spotted heading towards the frontier between the breakaway region and the rest of Serbia. Kosovo special police has been spotted actively moving its equipment and personnel as well.

KFOR said it would “take whatever measures are necessary to keep a safe and secure environment in Kosovo at all times, in line with its UN mandate.” Ethnic Serbs have reportedly set up barricades on several roads in Kosovska Mitrovica and its vicinity. At least one Serb has been reportedly beaten up by Kosovo police units as he tried to get through the barricades. The injured man reportedly ended up hospitalized. The tensions come as the ethnic Albanian government of the breakaway region moved forward with its controversial plan to ban Serb license plates and identification documents. Kosovo prime minister Albin Kurti claimed the move was about equal justice and law in all the territories his government claims.

Serbian President Aleksandar Vucic accused Kosovo authorities of seeking to “impose on the people in northern Kosovo-Metohija things they have no right to impose,” warning that Belgrade will not stand by idly. “The atmosphere has been heated up, and the Serbs will not suffer any more atrocities,” Vucic said. Earlier, Serbian president alleged the controversial registration plan was a part of an effort to force the remaining ethnic Serbs out of Kosovo. Caroline Ziadeh, head of the UN mission in the province UNMIK, urged both sides “to address issues in good faith through the EU-facilitated dialogue, to strengthen stability and security for all.”

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Kosovo’s plans appear to have been put on hold for now.

Russia Warns Kosovo Against Conflict (RT)

The government in Pristina and its backers in Brussels and Washington should stop their provocations and respect the rights of ethnic Serbs in Kosovo, Russian Foreign Ministry spokeswoman Maria Zakharova said on Sunday. Serbian troops were put on high alert and local residents in the north of the breakaway province erected barricades, as ethnic Albanian police prepared for a crackdown. Air raid sirens and church bells went off across northern Kosovo on Sunday, after prime minister Albin Kurti announced a police operation to ban Serb license plates and identification documents. Kurti claimed this was about equal justice and law in all the territories his government claims.

Pristina’s decision is unreasonable and discriminatory, and their forced replacement of personal documents is “another step towards the expulsion of the Serb population from Kosovo, as well as the Kosovo Serb institutions that ensure the protection of the rights of Serbian residents from the arbitrary whims of radicals in Pristina,” Zakharova said. Kurti is “deliberately escalating” in order to launch an armed crackdown, not just against the Serbs in Kosovo but against Belgrade, which the West wants to “neutralize” using the ethnic Albanians as proxies, added Zakharova. Russia calls on “Pristina and the US and EU behind it to stop provocations and respect the rights of Serbs in Kosovo,” the Foreign Ministry spokeswoman said.

Earlier in the day, Serbian President Aleksandar Vucic said his country had “never been in a more complex and difficult situation” and that the Pristina authorities are trying to exploit the current situation in the world to initiate a conflict while painting itself as a victim. No Serbian troops have crossed the administrative line into Kosovo yet, the Defense Ministry in Belgrade said, describing such rumors circulating on social media as “disinformation” on behalf of Pristina. Local Serb residents erected barricades at three checkpoints along the administrative line, where police answering to Kurti were deployed to stop all vehicles with Serbian plates or documents. There were unconfirmed reports of gunfire and injuries among the civilians.

Kosovo was occupied by NATO in 1999, after a 78-day air war against Yugoslavia. The ethnic Albanian government in Pristina declared independence in 2008, with US backing, but has not been recognized by Serbia, Russia, China or the UN.

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Can Brussels “allow” this?

Hungary’s Orban Expects Gas Deal With Russia This Summer (R.)

Hungary expects to sign a deal with Russia on additional gas shipments of 700 million cubic metres by the end of summer, Prime Minister Viktor Orban told state radio on Friday. The two countries have been in talks for further supplies on top of an existing long-term supply pact. read more “Hungary will have enough gas,” Orban said. “We are negotiating with the Russians to buy an additional 700 million cubic metres of gas, this deal can be signed during the summer, and then we will be safe,” he added. According to data from Gas Infrastructure Europe, Hungary’s gas storages are about 50% full now, covering 29% of its annual consumption.


European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia’s invasion of Ukraine, creating tensions with some EU allies keen to take a tougher line. Hungary, which is about 85% dependent on Russian gas, firmly opposes the idea of EU sanctions on Russian gas imports. Under a 15-year deal with Russia’s Gazprom signed last year, Hungary receives 3.5 billion cubic metres (bcm) of gas per year via Bulgaria and Serbia, and a further 1 bcm via a pipeline from Austria.

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“Russia’s exports adjusted towards other buyers without a serious disruption to its production.”

JPMorgan Says Russia Has Had Little Problem Rerouting Its Oil Exports (BI)

Russia has been able to reroute its oil exports away from Europe without serious disruptions, JPMorgan has said, adding that the expected drop in output “never happened.” Better-than-expected Russian production, along with the release of oil from global strategic reserves, helps explain the recent drop in crude prices, the bank’s head of commodities research Natasha Kaneva said in a note to clients. Russia’s oil exports to Europe — its biggest market — have fallen relatively sharply in 2022, as companies have “self-sanctioned” in the wake of Vladimir Putin’s invasion of Ukraine in late February. However, Russia has been able to shift its exports towards Asia, with India and China in particular stepping up their purchases.

More recently, a jump in domestic demand has caused Russian oil production to rise back to prewar levels. “The market consensus was too pessimistic about Russia’s capability to re-route volumes to other buyers,” Kaneva and her colleagues said in the note Wednesday. “Russia’s exports adjusted towards other buyers without a serious disruption to its production.” “At its peak, the oil market was pricing in the worst-case scenario — a 3 million barrel a day loss of Russian production combined with record-high summer demand — while, in reality, it never happened.” JPMorgan expects Russia production to produce 9.95 million barrels a day of oil in the third quarter, above the 9.76 million barrels a day produced in the same quarter a year earlier.

It thinks production will slip to 9.5 million barrels a day in 2023, staying relatively strong despite the European Union’s ban on most oil imports from the country. Oil prices have fallen in recent weeks, with global supply stronger than expected and demand likely to weaken in the coming months as the world economy slows. WTI crude, the US benchmark price, was down around 10% over the last month to trade at $98 a barrel Friday.

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“…most of the ‘exploitable’ world has been dominated and what remains is Russia and China, plus a few stubborn or poor nations here and there.”

The New Economic World Map (Salamah)

Throughout history, all empires and belligerent nations expanded for economic gain. More land to farm and exploit, wealth and resources to loot, and more people to subjugate and tax or enslave. This goes back to ancient Mesopotamia, passing through the Persian, Greek, Roman empires, and all the way to European colonialism in the past 500 years. Today, it remains the same although it has been disguised to appear docile and friendly, but, make no mistake, it is colonialism – economic neo-colonialism! The shills, however, will present it as development aid, economic assistance, modernization, democracy, human rights, modern values, and may even, masquerade it as improving the ‘Happiness Index’ of the colonized nations.

As such, most of the ‘exploitable’ world has been dominated and what remains is Russia and China, plus a few stubborn or poor nations here and there. Russia is simply too vast and rich not to be lustily desired and has been a target for centuries via direct belligerence or, more softly, via geopolitical ploys. To publicly temper this lust, pseudo-intellectual doctrines have been utilized to justify it; among which is the century-old Mackinder Theory of the ‘Heartland of the World’, which states that whoever controls Russia and its environs, controls the world. As for China, its unexpected spectacular rapid growth to the pinnacle of economic success now necessitates clipping its wings to bring it back into the obedient fold. None of the dominated nations were, or are, happy with their predicaments. Despite that, they are unable to shake off the yoke of neo-colonialism.

They are too weak, deep in unpayable sovereign and non-sovereign debt, threatened by sanctions that cut off their livelihood, and if all fails, there are the heavy-handed tools of regime change with their accompanying bloody civil wars and/or direct invasion and bombardment by their masters. During the previous cold war, when there were only two superpowers, proverbially at each other’s throats, most of the smaller and weaker countries tried to walk a very dangerous tightrope. They tried to maintain semi-neutrality and keep an equal distance from both superpowers. But that was extremely difficult, the hegemons’ carrot and stick’ tactics were too hard to resist when dangled, or very painful when the whip was unleashed. Instead, some discovered that they could join forces, not to fight their oppressors, but just to resist being pulled into their eddies.

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“The only solution to solve these problems and solve the dryness nuisance of the Mediterranean Basin would be the re-greening of the Sahara desert.”

A Community of Common Destiny? (Voiret)

In the Summer months, the north-east trade wind is getting weaker in the Atlantic Ocean, and humid air volumes are brought over the Sahel zone towards North from the West African monsoon zone. This takes place in July and early August, when around 100 to 200 mm precipitations makes savanna grass grow in the Sahel. In our days, however, it seems that going further north, these huge volumes of humid air rise higher than before in the atmosphere of the desert. In this way, the rain-containing air masses reach altitudes like thirty thousand feet above sea level – higher than in earlier years, because the heat emitted by the Sahara seems to be growing: As the humid air masses reach the first sand dunes of the desert, the huge heat reflection by the dunes send them higher and higher.

Every pilot flying north from Bamako or Niamey can confirm that: as soon as he reaches the desert, his plane is lifted higher by the air masses even if he, the pilot, does’nt pull his controls! After the humid clouds rise so high in the air over the desert, it is obvious that no rain comes downs on North Africa and on the Mediterranean basin in the summer months – hence the dryness and the forest fires. The rain comes down when the clouds get cooler after reaching more northern latitudes, after having passed the Alpes. Thus for example the “tropical” rain that came down on the Ahr-valley in Germany in the summer 2021. The only solution to solve these problems and solve the dryness nuisance of the Mediterranean Basin would be the re-greening of the Sahara desert.

Now, around 5000 years ago, the Sahara desert was indeed green! The scientific study of the Sahara desert has shown that this part of the world has been alternatively infertile, or green with vegetation: in the course of Earth history, the Sahara desert has seen 230 periods of vegetation growth alternating with dry climate phases! In the middle of the Holocene climate phase, around 6000 years ago, the Sahara actually had cattle breeding and cultivation. Rock engravings existing in the Hoggar and the Tibesti regions of the Sahara show that. These pictures also show gazelle herds and vegetation. The current dry climate phase began 3500 to 4000 years before Christ. But from those times, huge water reserves still exist underground, the so called “aquifers”. Some aquifers are salty, but most of them are sweet water.

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“UN Secretary General A. Guterres has committed to removing these barriers to addressing the global food crisis. Let’s see.”

Going to Samarkand (Escobar)

The meeting of the SCO Ministerial Council in Tashkent this past Friday involved some very serious business. That was the key preparatory reunion previous to the SCO summit in mid-September in fabled Samarkand, where the SCO will release a much-awaited “Declaration of Samarkand”. [..] it was in the Q@A session that Lavrov for all practical purposes detailed all the major trends in the current, incandescent state of international relations. These are the key takeaways.

How comfortable are you with the US dollar?

Africa: “We agreed that we will submit to the leaders for consideration proposals on specific actions to switch to settlements in national currencies. I think that everyone will now think about it. Africa already has a similar experience: common currencies in some sub-regional structures, which, nevertheless, by and large, are pegged to Western ones. From 2023, a continental free trade zone will start functioning on the African continent. A logical step would be to reinforce it with currency agreements.”

Belarus – and many others – eager to join the SCO: “There is a broad consensus on the Belarusian candidacy (…) I felt it today. There are a number of contenders for the status of observer, dialogue partner. Some Arab countries show such interest, as do Armenia, Azerbaijan and a number of Asian states.”

Grain diplomacy: “In regard to the issue of Russian grain, it was the American sanctions that did not allow the full implementation of the signed contracts due to the restrictions imposed: Russian ships are prohibited from entering a number of ports, there is a ban on foreign ships entering Russian ports to pick up export cargo, and insurance rates have gone up (…) Financial chains are also interrupted by illegitimate US and EU sanctions. In particular, Rosselkhozbank, through which all the main settlements for food exports pass, was one of the first to be included in the sanctions list. UN Secretary General A. Guterres has committed to removing these barriers to addressing the global food crisis. Let’s see.”

Taiwan: “We do not discuss this with our Chinese colleague. Russia’s position on having only one China remains unchanged. The United States periodically confirms the same line in words, but in practice their ‘deeds’ do not always coincide with words. We have no problem upholding the principle of Chinese sovereignty.”

Should the SCO abandon the US dollar? “Each SCO country must decide for itself how comfortable it feels to rely on the dollar, taking into account the absolute unreliability of this currency for possible abuses. The Americans have used this more than once in relation to a number of states.”

Why the SCO matters: “There are no leaders and followers in the SCO. There are no situations in the organization like in NATO, when the US and its closest allies impose one line or another on all other members of the alliance. In the Shanghai Cooperation Organization, the situation that we are currently seeing in the EU does not arise: sovereign countries are literally being ‘knocked out’, demanding that they either stop buying gas or reduce its consumption in violation of national plans and interests.”

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“At the end of the day, HIMARS – and other so-called “advanced Western weapons” – is but a tool wielded by the same actor who has been systematically defeated by the Russian military.”

The Myth of the HIMARS ‘Game Changer’ (Scott Ritter)

According to the Institute of War, a US-based think tank, “Ukrainian forces are increasingly targeting Russian military infrastructure with indirect fire and US-provided HIMARS systems deep in occupied territory.” It concludes that “the increased ability of Ukrainian forces to target critical Russian military facilities with Western-provided HIMARS demonstrates how Western military aid provides Ukraine with new and necessary military capabilities.” The Kyiv Independent, a Western state-funded propaganda outlet, reported that “by July 7, Russia had lost most of its key ammunition depots, and many of its smaller depots in occupied Donbas. Notably, many key targets as much as 50-80 kilometers into Russian-controlled territory have been successfully destroyed.”

Max Boot, a Moscow-born military analyst who writes for the Washington Post, was so impressed with the performance of HIMARS that he wrote an op-ed in which he confidently announced “To shorten the War, send 60 HIMARS to Ukraine.” I mean, if eight HIMARS have brought the vaunted Russan war machine to its knees, imagine what could happen if Ukraine had 60? Wait, there is an answer to that question. In a recent interview with the Sunday Times, Reznikov revealed that Zelensky “had ordered Ukraine’s military to retake occupied coastal areas which are vital to the country’s economy.” Ukraine, it seems, is winning the war against Russia. Except, of course, it is not. Not even close. The notion that the HIMARS is a “super weapon” capable of turning the battlefield narrative in eastern Ukraine on its head is, simply put, pure nonsense.

Russia has, over the course of the past three months, perfected the art of war when it comes to defeating the Ukrainian military. John Boyd, the famous American fighter-pilot-turned-military theorist, coined a concept, known as the “OODA-Loop” (Observe, Orient, Decide, Act) which represented the phases involved in military operations. The side that could master the OODA-Loop more efficiently than its opponent would “get inside their decision-making cycle,” forcing the enemy to operate in a purely reactive mode, enabling the superior party to achieve victory. Russia has got “inside the decision-making cycle” of every one of itsopponents during the military operation in Ukraine, dominating the conflict economically, politically, and militarily. HIMARS does not change this reality.

The Russian military, like any successful military organization, is highly adaptive – it must be, to survive on the modern battlefield. The conflict in Ukraine is unlike any experienced in modern times, requiring Russian military leaders to adapt operational theory as defined by doctrine to the demanding realities of the eastern Ukrainian front. The fact that approximately 200,000 Russian forces can impose their will on over 700,000 Ukrainian defenders while achieving casualty ratios that are decisively in their favor speaks to the reality of their OODA-Loop dominance. At the end of the day, HIMARS – and other so-called “advanced Western weapons” – is but a tool wielded by the same actor who has been systematically defeated by the Russian military. This will not change, whether Ukraine employs four, eight, 12… or even 60 HIMARS systems.

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“If we realize that we cannot for now give up on Russian gas, then it is bitter but it is the reality, and we must act accordingly..”

Forced cold showers for everyone will not be accepted.

Severing Ties With Russia Is ‘Absurd And Dangerous’ – German Official (RT)

Isolating Russia and ending economic cooperation with Moscow is dangerous for Germany, Prime Minister of Saxony Michael Kretschmer told Die Zeit newspaper this week, reiterating his call for a diplomatic solution to the conflict in Ukraine.“I think the idea of isolating Russia permanently or never again cooperating economically is absurd and dangerous… A Russia that is oriented towards China and has no ties to Europe is much more dangerous for us,” Kretschmer told the news outlet. The official said he was concerned with the impact of the sanctions on Russia on the German economy and energy security. He called for “pragmatism” in relations with Moscow and for the EU to facilitate peace talks and a “freeze” of the conflict in Ukraine, adding that a ceasefire would not only end the deaths, but “create an opportunity for the supply of raw materials,” most notably fossil fuels and grains.

Roughly half of German households rely on gas for electricity and heating, and around a third of the energy for German industry comes from gas. Prior to the conflict in Ukraine, up to one half of that gas was supplied by Russia. However, deliveries have dropped in recent weeks due to either technical or political reasons. According to Kretschmer, despite ambitious energy transition plans and political agendas, Germany will need gas supplies from Russia for the next five years at least. “If we realize that we cannot for now give up on Russian gas, then it is bitter but it is the reality, and we must act accordingly,” Kretschmer said, adding that apart from ordinary residents who will not be able to heat their homes in the winter, German industry is at risk if Russian gas supplies are lost.

“Our entire economic system is in danger of collapsing. If we are not careful, Germany could become de-industrialised,” he stated. Last month, Kretschmer said that Germany needs to ensure reliable fuel supplies before slapping Russia with sanctions.

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I’d call it goal-seeked instead.

Ottawa’s Fertilizer Reduction Target Is ‘Pulled Out Of The Air’ (TNC)

Alberta Agriculture Minister Nate Horner says Ottawa’s edict to reduce fertilizer use by 30% seems like a target “pulled out of the air.” The Trudeau government is looking to impose a requirement to reduce nitrous oxide emissions from fertilizers by 30% as part of its overall effort to reduce emissions by 40 to 45% by 2030. The mandate will result in less food production at a time when the world needs increased capacity that Canada could supply, or higher production costs which will ultimately be passed to the consumer, Horner said. “It’s just another issue where we feel that the feds either don’t understand or they don’t completely care about the consequences,” he told True North.

As Ottawa undergoes consultation about its target, Horner said provincial agriculture ministers hoped the reduction was up for discussion. But, he said he was disappointed to learn from his federal counterpart Minister Marie-Claude Bibeau that the 30% target would not be reconsidered. The consultation process will only consider how Ottawa can achieve its objectives, Horner said. “They’re going to consult on the process, but they weren’t going to change their goal.” He said Ottawa doesn’t have a good “baseline” understanding of the work already being done to reduce emissions in the prairies. And “unless you’re going to look at emissions per unit of production, (Ottawa) is not being really upfront about the two different challenges that we face,” he said.

The first challenge is the demand to increase production “in a big way,” and the second is that farming is becoming less financially viable, especially with the ever-increasing carbon tax. All seven United Conservative Party (UCP) leadership candidates have also opposed the edict and promised to fight back, should they be elected Premier in October. In the Netherlands, farmers have been in the streets for weeks protesting strict emission targets. [..] Now, the head of one of Canada’s premier agricultural groups is warning that strict domestic emissions targets could spur a similar reaction from the industry. “But, you know, all I can say is, if you push farmers back right up against the wall where their livelihood is at stake and it’s a direct result of government overreach and non science based policies, then, who knows what could happen?”

Dutch farmer
https://twitter.com/i/status/1553539740271464449

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“Notably, none of Pfizer’s profits come from free market activity.”

Pfizer Posts Record Profits On Taxpayer-funded, Liability-free Products (Sch.)

It’s the most expensive “free” shot of all time. Pfizer’s Q2 earnings numbers parallel that of a top 5 global energy company. Of course, the slight difference here is that energy companies actually provide essential services for human flourishing, while Pfizer provides, well, government-backed snake oil. This quarter, the drug company posted a total revenue of $27.7 billion, up 46.5% from $18.9 billion the same period of last year. Net income is up 78% to $9.9 billion this quarter, from $5.5 billion in Q2 of 2021. While many Americans are struggling to put food on the table, Pfizer’s taxpayer-supplied profits almost doubled year over year. Notably, none of Pfizer’s profits come from free market activity.


More than half of all Pfizer sales, and all of its profits, come from its expired mRNA gene therapy injections and Paxlovid. The outfit has fully transformed into a COVID-19 company. Without COVID Mania, the rest of Pfizer’s product line would see the pharma giant without any income this year. Business is booming for the taxpayer-funded, liability-free drug company. Just last month, the Biden Administration signed a deal with Pfizer that hiked the price of more than 50% extra per dose for Pfizer’s next batch of mRNA shots. It’s a truly stunning outcome for a company that once claimed to have produced the cure for the coronavirus, but has in reality supplied an ineffective gene therapy with a massive side effect profile.

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Thinking about this. What about anteaters etc.? Many reptiles eat insects, and they’re not birds.

 

 

 

 


Huxley in the 1930s

 

 

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