Mar 152023
 


Ray K. Metzker Marseille 1961

 

US Drones Gather Data For Kiev’s Future Strikes On Russia – Ambassador (TASS)
Saudi-Iranian Détente Is a Wake-Up Call for America (Walt)
Glazyev: ‘The Road To Financial Multipolarity Will Be Long And Rocky’ (Escobar)
Ukraine Doesn’t Have the Resources for a Counteroffensive (Antiwar)
Russian Economic Sovereignty Increased Exponentially – Putin (RT)
Current World Problems Began After Soviet Union’s Collapse – Putin (TASS)
Russia In Ukraine Fights For Russian World – Putin (TASS)
Russia Trying To Normalize Relations With Ukraine For Decades – Putin (TASS)
The Nord Stream-Andromeda Cover Up (Scott Ritter)
Nord Stream Blasts Staged By A State-level Actor – Putin (TASS)
Canadian Foreign Minister Calls For “Regime Change” in Russia (SN)
Defending Ukraine Not Key US Interest – DeSantis (RT)
Biden Admin Blocked SVB Sale, Nationalized It, Blamed Trump For Collapse (ZH)
Democrats Scramble To Find A Scapegoat For The Bank Crisis (ZH)
Ken Griffin: American Capitalism Is “Breaking Down Before Our Eyes” (ZH)
Pfizer Wants EU To Keep Paying For Unused Covid Jabs – FT (RT)

 

 


Hollywood 1931
Einstein: “What I most admire about your art, is your universality. You don’t say a word, yet the world understands you!”
Chaplin: “True. But your glory is even greater! The whole world admires you, even though they don’t understand a word of what you say.”

 

 

 

 


Ditto for 90s.

 

 

Stone Putin Trump
https://twitter.com/i/status/1635596512829886464

 

 

China warns, guardrails are coming off

 

 

 

 

Lindsey Graham

 

 

Taiwan

 

 

 

 

Where it was flying, towards Russia, with its transponder turned off. Completely ormal.

US Drones Gather Data For Kiev’s Future Strikes On Russia – Ambassador (TASS)

US drones are collecting reconnaissance data to be used by the Kiev forces for their future strikes on the Russian territory and Russian troops, Russian Ambassador to the United States Anatoly Antonov has said. “The unacceptable actions of the United States military in the close proximity to our borders are cause for concern. We are well aware of the missions such reconnaissance and strike drones are used for,” the ambassador was quoted as saying in a communique, issued in connection with Tuesday’s US MQ-9 Reaper drone’s crash in the Black Sea.

The Russian diplomat quoted US National Security Council Coordinator for Strategic Communications John Kirby as saying that US UAVs make these kinds of overflights on a daily basis. “What do they do thousands of miles away from the United States? The answer is obvious – they gather intelligence which is later used by the Kiev regime to attack our armed forces and territory,” Antonov said. “We proceed from the fact that the United States will refrain from further speculations in the media landscape and stop making sorties near the Russian borders,” he added.

https://twitter.com/i/status/1635880585158705153

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Too late to wake up.

Saudi-Iranian Détente Is a Wake-Up Call for America (Walt)

The détente between Saudi Arabia and Iran—with China playing a facilitating role—is not as momentous as Richard Nixon’s visit to China in 1972, Anwar Sadat’s trip to Jerusalem in 1977, or the 1939 Molotov-Ribbentrop Pact. Even so, if the agreement sticks, it’s a pretty big deal. Most importantly, it is a wake-up call for the Biden administration and the rest of the United States’ foreign-policy establishment, because it exposes the self-imposed handicaps that have long crippled U.S. Middle East policy. It also highlights how China is attempting to present itself as a force for peace in the world, a mantle that the United States has largely abandoned in recent years.

How did China pull this off? Efforts to lower the temperature between Riyadh and Tehran had been underway for some time, but China could step in and help the two parties reach agreement because its dramatic economic rise has given it a growing role in the Middle East. More importantly, China could mediate between Iran and Saudi Arabia because it has cordial, business-like ties with a majority of countries in the region. China has diplomatic relations and does business with all sides: Egypt, Saudi Arabia, Israel, the Gulf States, even Bashar al-Assad in Syria. That’s how a great power maximizes its leverage: You make it clear that you’re willing to work with others if they are willing to work with you, and your ties with others remind them that you have other options, too.

The United States, by contrast, has “special relationships” with some countries in the Middle East and no relationship at all with others, most notably Iran. The result is that client states such as Egypt, Israel, or Saudi Arabia take U.S. support for granted and treat its concerns with ill-disguised contempt, whether the issue is human rights in Egypt, the Saudi war in Yemen, or Israel’s long and brutal campaign to colonize the West Bank. At the same time, our mostly futile efforts to isolate and topple the Islamic Republic have left Washington with essentially zero capacity to shape Iran’s perceptions, actions, or diplomatic trajectory. This policy—a product of the assiduous efforts of the American Israel Public Affairs Committee, the Foundation for Defense of Democracies, etc., and well-funded Arab government lobbying efforts—may be the clearest example of an own goal in contemporary U.S. diplomacy.

By demonstrating that Washington can’t do much to advance peace or justice in the region, it has left the field wide open for Beijing. The Saudi-Iranian deal also highlights an important dimension of the emerging Sino-American rivalry: Will Washington or Beijing be seen by others as the best guide to a future world order? Given the United States’ outsized global role since 1945, Americans have become accustomed to assuming that most states will follow our lead, even when they have reservations about what we are doing. China would like to alter that equation, and portraying itself as a more likely source of peace and stability is a key part of that effort.

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“..the geoeconomics of multipolarity..”

Glazyev: ‘The Road To Financial Multipolarity Will Be Long And Rocky’ (Escobar)

The headquarters of the Eurasian Economic Commission (EEC) in Moscow, linked to the Eurasia Economic Union (EAEU) is arguably one of the most crucial nodes of the emerging multipolar world. That’s where I was received by Minister of Integration and Macroeconomics Sergey Glazyev – who was previously interviewed in detail by The Cradle – for an exclusive, expanded discussion on the geoeconomics of multipolarity. Glazyev was joined by his top economic advisor Dmitry Mityaev, who is also the secretary of the Eurasian Economic Commission’s (EEC) science and technology council. The EAEU and EEC are formed by Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. The group is currently engaged in establishing a series of free trade agreements with nations from West Asia to Southeast Asia.

Our conversation was unscripted, free flowing and straight to the point. I had initially proposed some talking points revolving around discussions between the EAEU and China on designing a new gold/commodities-based currency bypassing the US dollar, and how it would be realistically possible to have the EAEU, the Shanghai Cooperation Organization (SCO), and BRICS+ to adopt the same currency design. Glazyev and Mityaev were completely frank and also asked questions on the Global South. As much as extremely sensitive political issues should remain off the record, what they said about the road towards multipolarity was quite sobering – in fact realpolitik-based.

Glazyev stressed that the EEC cannot ask for member states to adopt specific economic policies. There are indeed serious proposals on the design of a new currency, but the ultimate decision rests on the leaders of the five permanent members. That implies political will – ultimately to be engineered by Russia, which is responsible for over 80 percent of EAEU trade. It’s quite possible that a renewed impetus may come after the visit of Chinese President Xi Jinping to Moscow on March 21, where he will hold in-depth strategic talks with Russian President Vladimir Putin.

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Depleted. ‘I’m afraid of the sound of the shot,’” he added.

Ukraine Doesn’t Have the Resources for a Counteroffensive (Antiwar)

A senior Ukrainian government official told The Washington Post that Kyiv doesn’t have the resources to pull off a big counteroffensive in the coming months as Ukraine is lacking skilled troops, munitions, and other equipment. “If you have more resources, you more actively attack,” said the official, who spoke to the Post on the condition of anonymity. “If you have fewer resources, you defend more. We’re going to defend. That’s why if you ask me personally, I don’t believe in a big counteroffensive for us. I’d like to believe in it, but I’m looking at the resources and asking, ‘With what?’ Maybe we’ll have some localized breakthroughs.” The official said Ukraine doesn’t have “the people or weapons” to pull off a counteroffensive. “And you know the ratio: When you’re on the offensive, you lose twice or three times as many people. We can’t afford to lose that many people,” the official said.

The Post also spoke with a Ukrainian battalion commander who went by the name of Kupol and detailed the grim situation on the frontlines. Kupol said his battalion previously withdrew from the town of Soledar, which is near the eastern city of Bakhmut, and came under Russian control in January. Kupol said of his battalion of 500 troops, 100 were killed, and about 400 were wounded, leading to a complete turnover. He’s now being sent soldiers with no combat experience and very little training. “I get 100 new soldiers,” Kupol said. “They don’t give me any time to prepare them. They say, ‘Take them into the battle.’ They just drop everything and run. That’s it.” “Do you understand why? Because the soldier doesn’t shoot. I ask him why, and he says, ‘I’m afraid of the sound of the shot,’” he added.

The Post report said that Ukraine has sent in an influx of draftees to replace more experienced soldiers who have been killed or wounded. It said that as more Ukrainian men who didn’t volunteer fear they will get called to battle, Ukraine’s security services shut down Telegram accounts that were helping Ukrainians avoid locations where authorities were handing out draft slips. Kupol said Ukrainian forces are also fighting with very little ammunition. “You’re on the front line,” he said. “They’re coming toward you, and there’s nothing to shoot with.” The Kyiv Independent also recently spoke with Ukrainian soldiers who said they were fighting without much ammunition, training, and support.

Ukraine is taking heavy losses in its battle defending Bakhmut, but it’s keeping a tight lid on its casualty numbers. A German official said including dead and wounded, Ukraine has suffered 120,000 troops, but the number could be much higher. Despite the dire conditions for the Ukrainian troops, Kyiv is still sending untrained soldiers into what has become known as the “meat grinder” in Bakhmut. Yevgeny Prigozhin, the head of Russia’s Wagner Group, said Sunday that Ukraine was “supplying endless reserves” and that fighting was getting fiercer as Russian forces are trying to push through to the western part of the city.

Bakhmut

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“.. the fundamental foundations of Russia’s stability are now “much stronger than anyone could previously imagine.”

Russian Economic Sovereignty Increased Exponentially – Putin (RT)

The Russian economy hasn’t collapsed due to sweeping Western restrictions, President Vladimir Putin has stated, noting that, on the contrary, its sovereignty has grown many times over. Putin, who was meeting with aircraft factory employees in Ulan-Ude, Buryatia, on Tuesday, noted the country had passed a very important stage in its development, which could be the most important result of 2022. “We have exponentially increased our economic sovereignty. After all, what did our adversary count on? That we would collapse in two or three weeks or in a month,” the Russian leader said.


“The expectation was that enterprises would cease due to our partners refusing to work with us, the financial system would collapse, tens of thousands of people would be left without work, take to the streets, protest, Russia would be shaken from the inside and collapse. That was their intention, but this did not happen,” Putin declared. He pointed out that the Russian financial system has survived, growing stronger and becoming more independent, thanks to the actions of the central bank. Putin also indicated that the unemployment rate in the country was currently at a historically low level of 3.6%, while GDP has fallen by only 1.2%. According to the Russian president, the fundamental foundations of Russia’s stability are now “much stronger than anyone could previously imagine.”

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More from Putin’s meeting with aircraft factory employees in Ulan-Ude, Buryatia.

Current World Problems Began After Soviet Union’s Collapse – Putin (TASS)

Modern international problems began after the collapse of the Soviet Union, Russian President Vladimir Putin said while answering a question of one of the employees of the Ulan-Ude aircraft-building plant during a visit to the enterprise on Tuesday. “Of course, all the problems began after the collapse of the Soviet Union. Why? Because the then world order – in a sense it still exists today – was built after World War II by the countries that won that war. First of all, the United States and the Soviet Union,” Putin said. He recalled that the states then “distributed the zones of their influence among themselves and did not interfere with each other.” “Of course, there were enough problems, including the Caribbean crisis, but nevertheless [the USSR and the US] coexisted,” he said.


Putin stressed that the system of the bipolar world “began to crumble down” after the collapse of the USSR, when geopolitical interests turned out to be more important for the West than confrontation with the Soviet Union. “Frankly speaking, it seemed to the people of my generation, including myself, and even a little bit younger ones, that yes, it was regrettable that the Soviet Union collapsed, but nevertheless, the basis for confrontation between the former Soviet Union and modern Russia and the Western world was gone, that that basis disappeared and there were no ideological foundations for confrontation anymore,” Putin said. “It seemed that now everything would be fine forever. It turned out that this was not so. It turned out that the geopolitical interests of our <…> partners were much more important than, among other things, contradictions with the former Soviet Union,” he added.

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“For us, this is a struggle for our people who live on these territories,” the president stressed. “We are a multi-ethnic country. But still, this is the Russian world..”

“For us, it is a struggle for the existence of Russian statehood..”

Russia In Ukraine Fights For Russian World – Putin (TASS)

Russia cannot abandon the Russian-speaking population and it is fighting for the Russian world in Ukraine, Russian President Vladimir Putin said on Tuesday, while answering a question from one of the employees of the Ulan-Ude Aviation Plant. “For us, this is a struggle for our people who live on these territories,” the president stressed. “We are a multi-ethnic country. But still, this is the Russian world. If you chance to have a word with the people who come from there – I’ve met some of them – they are no different from you and me! They are the same as we are. They are part of us, how can they be abandoned?” Putin added. He stressed that Russia had spent eight years trying to solve the Donbass issue peacefully, but was repeatedly fooled. “We spent eight years trying to persuade our so-called partners to resolve the Donbass issue peacefully. It has now turned out that they fooled, deceived us. They aren’t shy to say it publicly,” Putin stated.


He stressed that Russia, unlike the West, was fighting not for its geopolitical position, but for the existence of its statehood. “Whereas for our Western partners, so-called, for our opponents today – we can now say this directly – the point at issue is an improvement of the geopolitical position, then for us, bearing in mind the prehistory of the last eight to ten years, everything that is happening now is not just an improvement of some geopolitical position. <…> For us, it is a struggle for the existence of Russian statehood,” Putin said. Putin stressed that the enemy’s sole task was to shake loose the Russian state and “to tear it apart.” “For us this is not a geopolitical task, but the task of the ensuring the survival of Russian statehood and of creating conditions for the future development of our country and our children,” he concluded.

Tucker churches
https://twitter.com/i/status/1635803913960972289

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“..after 2014 the physical extermination of those who advocated the development of normal relations with Russia began.”

Russia Trying To Normalize Relations With Ukraine For Decades – Putin (TASS)

Russia had been patiently trying to normalize situation with Ukraine for decades but the situation changed after the state coup in 2014, Russian President Vladimir Putin said on Tuesday. “As a matter of fact, we had been patiently trying to normalize relations with the modern Ukrainian state for decades,” he said at a meeting with workers of the Ulan-Ude aircraft-building plant. “The situation changed dramatically in 2014 when the West-instigate state coup was staged.” According to Putin, in its relations with Ukraine, Russia relied on those who considered themselves as part of the large Russian world, but in 2014 their extermination began.


“We relied not just on the Russian-speaking population [in Ukraine]. The whole country there is essentially Russian-speaking. We relied on those who considered themselves as part of the large Russian world, part of our culture, part of our language environment and part of our common traditions. We relied on these people,” Putin said. He stressed that “after 2014 the physical extermination of those who advocated the development of normal relations with Russia began.” The president recalled that when the problem of Crimea emerged, Russia simply could not but support those people.

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“Simply put — no decompression chamber, no dive, no story.”

The Nord Stream-Andromeda Cover Up (Scott Ritter)

The same day the German reporting on the new Nord Stream attack narrative broke, The New York Times ran a front-page story entitled “Intelligence Suggests Pro-Ukrainian Group Sabotaged Pipelines, US Officials Say.” For the first time, The New York Times referred to Hersh’s reporting, writing, “Last month, the investigative journalist Seymour Hersh published an article on the newsletter platform Substack concluding that the United States carried out the operation at the direction of Mr. Biden,” before closing with “U.S. officials say Mr. Biden and his top aides did not authorize a mission to destroy the Nord Stream pipelines, and they say there was no U.S. involvement.” As if echoing the Biden White House denials, The New York Times led off with this:

“New intelligence reporting amounts to the first significant known lead about who was responsible for the attack on the Nord Stream pipelines that carried natural gas from Russia to Europe”. The New York Times, it seems, was more than happy about proceeding with its own anonymous intelligence sources, while dismissing Hersh’s. The problem with both the German reporting and that of The New York Times (whose source was clearly referring to the same data reported by the German reporters) is that the Andromeda narrative doesn’t hold water. Take, for instance, the Tom Clancy-like tale of derring-do that has four allegedly Ukraine-affiliated divers defy physiology by conducting dives that would require the use of a decompression chamber for them to survive an ascent of 240 feet (the depth of the Nord Stream pipelines that were destroyed).

A rule of thumb is that decompression takes approximately one day per 100 feet of seawater plus a day. This means that the team of divers would have required three days of decompression per dive. But to decompress, one needs a decompression chamber. For a dive involving two divers, the Andromeda would have to have been outfitted with either a two-person Class A decompression chamber, or two single-person Class B chambers, as well as the number of large oxygen bottles needed to operate these chambers over time. A simple examination of the interior cabin space of the Bavarian C50 yacht would quickly dispossess one of any notion that either option was viable. Simply put — no decompression chamber, no dive, no story.

[..] a standard high-explosive charge of several hundred kilograms would not be sufficient to cause the destruction that occurred on the Nord Stream pipeline. Enter Hersh, who reported that the explosives used were “shaped charges.” With a shaped charge, the energy of the explosion is focused in one direction, usually by creating a concave shape in the explosive that is them lined with a metal sheet, so that it usually achieves an armor- and/or concrete-penetrating effect. Without getting too technical, the design of an underwater shaped charge that would be sufficient to penetrate concrete-lined steel pipe at a depth of 240 feet is not common knowledge. The charge would have to be prepared by qualified explosives experts and ideally tested prior to being employed operationally to validate the design and functionality of the device. These are not tasks undertaken by a small ad hoc team of Ukrainian underwater saboteurs, but rather state-sponsored actors with access to military grade explosives and testing facilities.

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“An explosion of this kind – of such power, at such depth, can only be carried out by specialists, and supported by the entire power of a state, possessing certain technologies…”

Nord Stream Blasts Staged By A State-level Actor – Putin (TASS)

Only a state-level actor could have pulled off such a large-scale sabotage operation, the Russian president said. Russian president Vladimir Putin has dismissed as “nonsense” recent claims that the attack on the Nord Stream natural gas pipelines might have been carried by “Ukrainian activists.” The president made the remarks on Tuesday during his visit to an aircraft plant in the capital city of Russia’s Buryatia republic, Ulan-Ude. “I’m sure this is complete nonsense. An explosion of this kind – of such power, at such depth, can only be carried out by specialists, and supported by the entire power of a state, possessing certain technologies,” Putin told reporters.

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Deaf, dumb and blind.

Canadian Foreign Minister Calls For “Regime Change” in Russia (SN)

Canadian Foreign Minister Mélanie Joly admitted that the long term goal of western involvement in Ukraine is not merely to see Moscow defeated, but to enact “regime change” in Russia. Joly made the comments while her government announced new sanctions against the import of Russian aluminum and steel. “We’re able to see how much we’re isolating the Russian regime right now — because we need to do so economically, politically and diplomatically — and what are the impacts also on society, and how much we’re seeing potential regime change in Russia,” Joly stated. “The goal is definitely to do that, is to weaken Russia’s ability to launch very difficult attacks against Ukraine. We want also to make sure that Putin and his enablers are held to account,” she added.

Russian ambassador to Canada Oleg Stepanov reacted to Joly’s remarks by stating that they may have been a “Freudian slip of the tongue.” “What she or other decision-makers in Ottawa don’t want to recognize is that the current Russian policy is supported by the ultimate majority of the nation,” Stepanov said. A similar awkward ‘slip of the tongue’ occurred back in January when Germany’s foreign minister Annalena Baerbock acknowledged, “We are fighting a war against Russia, and not against each other.” Joly’s comments will only serve to bolster Vladimir Putin’s assertions that NATO support for Ukraine is about isolating Russia and eventually overthrowing its government. Ukrainian president Volodymyr Zelensky recently warned that if Ukraine loses then Americans “will have to send their sons and daughters” to war with Russia over the Baltic states “and they will have to fight” and “they will be dying.”

Former UK Defense Minister Sir Gerald Howarth also said last month that NATO may need to send ground forces to Ukraine. The US military-industrial complex is making massive gains as a result of the war in Ukraine and other global conflicts, with weapons manufacturers enjoying soaring profits. Data released by the State Department shows that US weapons sales to other countries rose from $103.4 billion in 2021 to $153.7 billion in 2022.

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“The Biden administration are the ones who got us into this mess.”

Defending Ukraine Not Key US Interest – DeSantis (RT)

Becoming increasingly involved in the military confrontation between Ukraine and Russia is not a key interest for the US, Florida’s Republican governor Ron Desantis wrote in response to a question posed by Fox News host Tucker Carlson on Monday. Carlson asked several “2024 GOP hopefuls” whether opposing Russia in Ukraine was a “vital strategic interest” for the US and shared DeSantis’ response on Twitter. The governor stated that the US had many “vital national interests,” such as securing its borders, addressing the recruitment crisis within the US military, achieving energy security and independence, and “checking the economic, cultural, and military power of the Chinese Communist Party.” However, becoming “further entangled in a territorial dispute between Ukraine and Russia is not one of them,” DeSantis noted.

He added that the Biden administration’s policy of issuing virtual “blank checks” to Ukraine in order to fund the conflict for “as long as it takes,” without any defined objectives or accountability, only serves to distract from the most pressing challenges currently facing the US. The governor also blasted Washington for effectively driving Russia closer to China, which he believes represents a much greater threat than Moscow. DeSantis, who many expect to contend for the US presidency in the 2024 elections, has set himself apart from other top Republican leaders with his stance on Ukraine. Responding to the same question, former vice president Mike Pence insisted that “there is no room for Putin apologists in the Republican Party” and that Putin must be stopped to prevent Russia from moving toward Washington’s NATO allies.

Senate Minority leader Mitch McConnell has also pledged the Republican party’s commitment to the Ukrainian war effort. In his response to Carlson’s question, former president Donald Trump insisted that the conflict, which he believes would have never happened if he’d been in office, must end as soon as possible and that the US president must meet with both sides and quickly work out a deal. He also stated that while opposing Russia in Ukraine is not a vital American national strategic interest for the US, it is important for Europe. “That is why Europe should be paying far more than we are, or equal,” Trump said. Asked if the US should support regime change in Russia, the former president stated that he did not, and instead called for regime change in the United States itself. “That’s far more important,” he wrote. “The Biden administration are the ones who got us into this mess.”

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“..the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t.”

Biden Admin Blocked SVB Sale, Nationalized It, Blamed Trump For Collapse (ZH)

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“..any pursuit of new QE in the face of a credit crunch would lead to an immediate spike in inflation once again, crushing the middle class..”

Democrats Scramble To Find A Scapegoat For The Bank Crisis (ZH)

What Democrats do not seem to understand is that the easing of Dodd-Frank capital requirements was in direct response to the Federal Reserve’s announced plan to tighten liquidity and raise interest rates through 2018. With more expensive credit and a shrinking Fed balance sheet, reducing requirements for bank buffers was one of the few ways to prevent the stimulus addicted lending sector from plummeting. The extra capital also allowed banks to continue lending to companies that engage in stock buybacks, keeping stock markets afloat. With a larger capital buffer even more liquidity dries up, revealing the true economic weakness underneath that Dems have denied for the past few years. So, if Biden and the Dems get what they want (more strict capital requirements for banks), then there will be an even swifter collapse of markets and the overall economy due to lack of liquidity.

By the end of 2018, markets began to plunge anyway under the strain of higher interest rates, which led to the Fed reversing course, and this seems to be what Democrats are really hoping for. They have called for endless liquidity measures and have consistently demanded lower rates and looser monetary policy. However, when Donald Trump’s Administration called for rate cuts during his term, Dems attacked. Once again, when Republicans do it, it’s wrong; when they do it, it’s good policy. Another issue to consider is that each successive program by the Fed to employ bailouts and QE accelerates the inflation crisis. While both sides of the aisle seem to want helicopter money when they are in power so they can boast about rising stock markets and improved employment, the Dems are now facing a systemic stagflationary event; the same event they originally claimed did not exist.

This means that any pursuit of new QE in the face of a credit crunch would lead to an immediate spike in inflation once again, crushing the middle class. Are Democrats willing to accept responsibility for something like that? Not a chance. The Biden Administration has so far taken full credit for the slowdown of consumer inflation as well as the shrinking deficit, but these changes are only due to the tightening actions of the central bank which sets policy independent of the White House. Democrats can’t have it both ways – They can’t take credit for reduced inflation when the Fed tightens policy against their wishes, and then not take credit for the consequences of higher inflation when they badger the Fed to inject more stimulus. The only recourse for the political left is to somehow lay the blame on conservatives no matter which way the wind blows, inflation or deflation.

Emergency congressional hearings have been organized to determine the cause of the SVB crisis and the course of action needed. Democrats including Sen. Sharrod Brown and Rep. Maxine Waters were quick to applaud the backstop initiated by the Fed and the Treasury Department, attempting to calm market concerns and reassure investors and depositors that all is well. Maxine Waters stated that Republicans and Democrats needed to “work together to protect the safety of the financial system”, which is likely a thinly veiled assertion that Republicans must support raising the debt ceiling and commit to even more spending.

Tucker CBDC

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It’s already broken.

Ken Griffin: American Capitalism Is “Breaking Down Before Our Eyes” (ZH)

In contrast to billionaire Bill Ackman’s praise for the federal government’s bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows American capitalism is “breaking down before our eyes”. As a reminder, the FDIC’s Deposit Insurance Fund normally guarantees up to $250,000 in deposits, which protects small retail customers including mom-and-pop businesses. Banks pay for this guarantee with insurance premiums, but the insurance fund isn’t intended to backstop deposits of bigger customers with more capacity to weather losses if a bank goes under. Yet, as The Wall Street Journal’s Editorial Board remarks, after venture capitalists (Democratic donors) and Silicon Valley politicians howled, the FDIC on Sunday announced it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception.

Apparently, Silicon Valley investors and startups are too big to lose money when they take risks. They benefited enormously from the Fed’s pandemic liquidity hose, which caused SVB’s deposits to double between 2020 and 2021. SVB paid interest of up to 5.28% on large deposits, which it used to fund loans to startups. But now the FDIC is guaranteeing a risk-free return for startups and their investors. Uninsured deposits normally take a 10% to 15% hair cut during a bank failure. Some 85% to 90% of SVB’s $173 billion in deposits are uninsured. The cost of this guarantee could be $15 billion. The White House says special assessments will be levied on banks to recoup these losses.

That means bank customers with less than $250,000 in deposits will indirectly pay for this through higher bank fees. In other words, this is an income transfer from average Americans to deep-pocketed investors. Griffin warned a year ago that price pressures will remain stubbornly persistent, forcing policymakers to need to hit the brakes “hard”, which will likely cause a recession, which, he warned, will leave the West facing “existential” problems. A year later, he was proved right as The Fed’s aggressive rate-hikes “broke something”… “The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” he said in an interview on Monday. “There’s been a loss of financial discipline with the government bailing out depositors in full,” Griffin added.

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Now do we fire Ursula?

Pfizer Wants EU To Keep Paying For Unused Covid Jabs – FT (RT)

Pfizer has offered to extend its Covid-19 vaccine contract with the European Union while scaling back deliveries, but still expects the bloc to pay billions of euros for unused doses amid a major supply glut in some countries, the Financial Times reported. The offer prompted outrage from a handful of member states, who say the deal would serve the interests of Big Pharma over their own citizens. The contract extension would push the vaccine agreement out to 2026, with a proposed 40% reduction in the number of doses supplied as well as delays to deliveries, the Times reported on Tuesday, citing two unnamed officials. However, despite the suggested cuts, the US pharma giant still insists that it be paid for the full number of doses originally agreed upon, many of which would never be produced under the new terms.

The amendments to the deal – the full text of which has never been made public – were presented by European health commissioner Stella Kyriakides during a closed-door meeting in Brussels on Tuesday, but faced objections from some EU members. In a joint statement issued following the meeting, officials from Bulgaria, Hungary, Lithuania and Poland said they would not sign the agreement with the proposed changes, as they “do not present a final and fair solution to the problems of the Covid-19 vaccine surplus and do not meet the needs of the healthcare systems, the needs of citizens and the financial interests of the member states.”

Polish Health Minister Adam Niedzielski argued that the current Pfizer proposal would favor Big Pharma, and has called for the secretive contract to be published, questioning the role European Commission President Ursula von der Leyen played in the negotiations for the massive vaccine deal. An EU watchdog launched a probe into the negotiation and procurement process late last year, after von der Leyen’s office failed to produce personal text messages sent to Pfizer CEO Albert Bourla during the talks for nearly 2 billion vaccine doses, prompting accusations of corruption.

The 27-member bloc originally signed a joint contract with Pfizer in 2020, but since the pandemic receded, demand for vaccines has steadily dropped, leaving an overabundance across the continent. Some countries have been forced to throw away vaccines, with Germany alone tossing out some 36.6 million doses, according to public broadcaster BR24, while others are sitting on large stocks of unused shots, such as Austria, which has reported around 17.5 million in its supply. However, Czech Health Minister Vlastimil Valek pushed back on the criticisms, arguing that the “majority of countries” had agreed to the deal and that “the contract is not bad.” He added that the large stock of doses would not pose a problem as “Covid is still here” and “It will be necessary to repeat vaccination each year for a particular group of patients.”

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Wall Street 1662

 

 


“Watercolor painter Liu Yunsheng’s artworks are famous for their fluidity and transparency, as well as for the richness and complexity of their characters. Some paintings combine reality & illusion which can be described as freehand in realism”

 

 

Kestrel
https://twitter.com/i/status/1635668806990192640

 

 


The nocturnal African dung beetle Scarabaeus satyrus is the only known insect and one of the few non-human animals capable of navigating and orienting itself using the Milky Way

 

 

 

 

 

 

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Mar 132023
 
 March 13, 2023  Posted by at 9:56 am Finance Tagged with: , , , , , , , , , , ,  73 Responses »


Rembrandt van Rijn Student at a table by candlelight c.1642

 

Fed, TSY, FDIC Announce New Banking System Bailout, Signature Bank Closed (ZH)
Bill Ackman To US Gov’t: Fix Mistake In ‘48 Hours’ Or Face ‘Destruction’ (CT)
Yellen Says Government Will Help SVB Depositors But “No Bailout” (ZH)
HSBC To Buy Silicon Valley Bank’s UK Operations (G.)
Hatred of Putin Makes Washington ‘Do Dumb Things’ – Seymour Hersh (RT)
Liu Xin’s Interview With Seymour Hersh (CGTN)
Zakharova: Ukraine Allegations Russia’s Reluctant To Talk A Colossal Lie (TASS)
Ukraine Won’t Get Western Jets ‘Anytime Soon’ – FM (RT)
Growing Backlash Against Methods To Conscript Ukrainian Men For War (Lavrenin)
Prigozhin Describes Situation In Bakhmut As Very Difficult (TASS)
US ‘Sitting Still’ Amid Growing China-Russia Influence – Bolton (RT)
‘Rigorous’ Maidan Massacre Exposé Suppressed By Top Academic Journal (GZ)
Comer: We Have Documents That Show Biden Family Was Getting Money from CCP (GP)
The Democrats Have Lost the Plot (Taibbi)
Georgian Protesters Unwittingly Imperil Their Nation’s Survival (Scott Ritter)
Could Vitamin D Help Save Our Veterans? (ET)
The Doctor Indicted For Not Killing His Patients (Horowitz)

 

 

 

 

 

 

Chansley
https://twitter.com/FreeStateWill/status/1635011407434641408

 

 

 

 

O’Keefe

 

 

Iran Saudi

 

 

 

 

Stone Putin
https://twitter.com/i/status/1634557724619943939

 

 

 

 

 

 

Zakharova: “Every child can explain how the US authorities will ‘support the stability of the banking system’ – with paper and paint. They will print even more unsecured dollars then they will cause even more problems in the world.”

“..pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!”

Fed, TSY, FDIC Announce New Banking System Bailout, Signature Bank Closed (ZH)

On Friday, we said that the Fed will have to make an announcement before the Monday open, and we didn’t have to wait that long: in fact, the Fed waited just 15 minutes after futures opened for trading to announce the new bailout, alongside even more shocking news: the Treasury announced that New York State regulators are shuttering Signature Bank – a major New York bank – adding that all depositors both at Signature Bank, and also the now insolvent Silicon Valley Bank, will have access to their money on Monday. And as we process the shock of yet another small bank failure (which makes JPMorgan even bigger), the Fed just issued a statement saying that “to support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.” The Fed also said that it is prepared to address any liquidity pressures that may arise, which in turn has just unveiled the first bailout acronym of the new crisis: the Bank Term Funding Program, or BTFP. Some more details: The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.

The Fed explains that the Department of the Treasury will make available “up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP.” And while the Federal Reserve – which was completely clueless about this banking crisis until Thursday – does not anticipate that it will be necessary to draw on these backstop funds, we anticipate that the final number of needed backstop liquidity be somewhere north of $2 trillion. What is more notable is that the BTFP – or Buy The Fucking Pivot – facility, will pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!

Read more …

And they did…

Bill Ackman To US Gov’t: Fix Mistake In ‘48 Hours’ Or Face ‘Destruction’ (CT)

Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held by Silicon Valley Bank (SVB) within the next “48 hours,” or it risks the “destruction” of many financial institutions. In a March 11 tweet, Bill Ackman, CEO of hedge fund management firm Pershing Square Capital Management, said a “giant sucking sound” will be heard from the ”withdrawal of substantially all uninsured deposits” from all banks, not just the “systemically important banks (SIBs),” should the government fail to “guarantee all” of SVB’s deposits before the “open on Monday.”Ackman suggested that this would be the result of “the world” realizing what an uninsured deposit is — “an unsecured illiquid claim on a failed bank.”

https://twitter.com/CaitlinLong_/status/1635047789376974848

He warned that these withdrawals would “drain liquidity” from the community, regional and other banks and “begin the destruction” of these crucial institutions if the United States government fails to protect “all depositors.” Ackman said the only other way to prevent this was in the “unlikely” event that major financial institutions, such as JPMorgan Chase, Citibank or Bank of America, acquire SVB before Monday. He argued that this could have been “avoided” if the U.S. government had “stepped in on Friday” to guarantee SVB’s deposits, adding that the long-standing bank’s “franchise value” could have been safeguarded and “transferred” to a new owner in return for an “equity injection.”


Ackman suggested that SVB’s senior management “made a basic mistake” and should be fired. He noted: “They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. After conducting a “back-of-the-envelope review” of SVB’s balance sheet, Ackman believes that even “in a liquidation,” depositors “should eventually” get back approximately “98% of their deposits”. However, he argued that “eventually” is “too long” when you have “payroll to meet next week.”

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A new meaning for “bailout”.

“No bailout for shareholders and bondholders of SVB. Depositors will be protected.”

“the Fed itself is insolvent. It has exactly the same problem as SVB — it paid top dollar for bonds whose prices have fallen, driving the Fed deep into neg equity (along with BoJ, ECB…)”

Yellen Says Government Will Help SVB Depositors But “No Bailout” (ZH)

With just hours left until futures open for trading late on Sunday afternoon, the situation remains extremely fluid and for now it appears that regulators, central bankers and treasury officials (we won’t mention the White House where the most competent financial advisor is Hunter Biden) still don’t have a clear idea of how they will coordinate or respond. Take Janet Yellen, who said on Sunday morning that the US government was working closely with banking regulators to help depositors at Silicon Valley Bank but dismissed the idea of a bailout. Speaking with CBS on Sunday, the treasury secretary sought to assure US customers of the failed tech lender that policies were being discussed to stem the fallout from the sudden collapse this week. The Federal Deposit Insurance Corporate (FDIC) took control of the bank on Friday morning.

“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said (oh but you will, you just don’t know it yet). “But we are concerned about depositors, and we’re focused on trying to meet their needs.” It wasn’t clear which depositors she meant: as we first pointed out on Friday, out of SIVB’s $173 billion of customer deposits at the end of 2022, $152 billion were uninsured (i.e., over the $250,000 FDIC insurance threshold) and only $4.8 billion were fully insured. As we also noted last week, a further look at SIVB funding (pie charts) shows unusually high reliance on corporate/VC funding; only the small red private bank slice looks like traditional retail deposits to us.

As a result, as JPM’s Michael Cembalest says “It’s fair to ask about the underwriting discipline of VC firms that put most of their liquidity in a single bank with this kind of risk profile. At the end of 2022, SIVB only offered 0.60% more on deposits than its peers as compensation for the risks illustrated below; in 2021 this premium was 0.04%”.

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Tech start-ups are sexy.

HSBC To Buy Silicon Valley Bank’s UK Operations (G.)

The government has struck a last-minute deal for HSBC to buy Silicon Valley Bank’s UK operations, saving thousands of British tech startups and investors from big losses after the biggest bank failure since 2008. The takeover will override the Bank of England’s initial decision to place SVB UK into insolvency, after a run on the lender that was originally sparked by fears over the a multibillion-pound shortfall on the US parent company’s balance sheet. The US bank was closed and its assets seized by authorities on Friday. “This morning, the government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC. Deposits will be protected, with no taxpayer support. I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise,” the chancellor, Jeremy Hunt, said on Twitter.

HSBC’s takeover is expected to protect the finances of SVB UK’s 3,500 customers, including hundreds of tech startups that feared they would go bust if their deposits were wiped out. Authorities had been considering a range of options to help SVB UK customers pay wages and suppliers, including an emergency fund that could provide a cash lifeline to support startups, as well as government-guaranteed loans for the sector, similar to those offered to businesses during the Covid crisis. It follows a tense 72 hours, with Rishi Sunak having been locked in weekend talks with the Bank of England governor, Andrew Bailey, and Hunt, who warned that tech and life sciences sector were at “serious risk” as a result of the bank’s collapse.

While analysts said there was little chance of contagion across the banking sector – given that the biggest banks serve a wider range of customers and have plenty of capital – tech startups and investors were worried about the ripple effects for the sector. A group of more than 200 tech executives warned in an open letter to Hunt over the weekend that the loss of deposits had the potential to cripple the industry, with many businesses at risk of falling into insolvency overnight.

Read more …

“They make it personal. They don’t make it professional.”

Hatred of Putin Makes Washington ‘Do Dumb Things’ – Seymour Hersh (RT)

Legendary investigative journalist Seymour Hersh on Sunday offered a theory for what he sees as the foreign policy “complete idiocy” displayed by US officials, saying they’re so consumed by hatred of Russian President Vladimir Putin that they stumble into bad decisions. Hersh, the Pulitzer Prize-winning journalist who reported last month that US President Joe Biden ordered last fall’s sabotage of the Nord Stream natural gas pipelines, has called the alleged plot one of Washington’s “dumbest” decisions in years. However, the blunder didn’t reflect a lack of intelligence among top officials in Biden’s administration, including Secretary of State Antony Blinken and National Security Adviser Jake Sullivan, Hersh said in an interview with China’s CGTN.

Top administration officials “all have high degrees of, plenty of, intelligence,” Hersh said. “It’s just what they’re so driven by, I think, hatred of all things particularly Putin, and also communism per se. They’re so cold warriors, they’re really out of sorts. It makes them do dumb things.” The White House dismissed Hersh’s bombshell report on the Nord Stream blast as “complete fiction.” The New York Times, where Hersh did award-winning work on the Watergate scandal and other stories as a star reporter in the 1970s, claimed earlier this month that a “pro-Ukraine group” was behind the Nord Stream attack. The story cited unidentified US officials. Hersh told CGTN that neither the Ukrainian navy nor a non-state actor had the resources to carry out the sabotage, which involved planting C4 explosives on four concrete-encased steel pipelines at the bottom of the Baltic Sea. He said the false claim was made to distract from the fact that US Navy divers planted the remotely detonated explosives under cover of a NATO exercise in the Baltic.

“They’re trying to divert attention from the story that I wrote, which included enormous specifics,” Hersh said. “I was describing a process that began before Christmas of 2021. . . . They had a series of meetings at a secret room in the White House, that I gave clues I know the title of the room.” The veteran journalist argued that being “antagonistic” with China and Russia is counterproductive for Washington. “They make it personal. They don’t make it professional.” He added that Biden’s foreign policy has alienated governments around the world since Russia’s military operation in Ukraine began last year. “Russia has made more friends in the Third World since this began than anybody in this administration seems to appreciate,” Hersh said. “This notion of American hegemony, if you will, just doesn’t work anymore.”

Nordstream attack vessel

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The interview.

Liu Xin’s Interview With Seymour Hersh (CGTN)

As the NYT reports new allegations on the Nord Stream sabotage, Seymour Hersh takes the “pro-Ukrainian group” intel with a pinch of salt. Here’s the reason. Liu Xin: But you think it’s not possible for a “pro Ukrainian group” to carry out this explosion? Seymour Hersh: I know that the few things I know about the Ukrainian navy is they are capable of dropping mines. I’m not an expert on it. I just happen to ask questions after that story came out. They don’t have a working decompression chamber. We’re talking about four pipelines, Nord Stream 1 and 2, each has two. They’re steel tubes covered by a concrete cover to protect themselves from the salinity, the salt in the water. So, you have to have people that know, that are the experts in underwater diving and experts in using the most, the plastic C4, the most volatile stuff there is.And also, they have to be able to go quick. They have to be sure they get the bomb, their weapon and the bomb in the right place that triggers, destroys everything. They have to practice like, they practice for weeks and months on this, I would say, in the waters of the Baltic Sea. “The U.S. is trying to divert attention away from my story,” says Seymour Hersh, after the NTY reported intel pointed at a “pro-Ukrainian group” on the Nord Stream sabotage.

Liu Xin: The fact that the U.S. government officials leaked this intelligence to the New York Times at this particular moment. What do you think they are trying to send as a message? Seymour Hersh: They are trying to divert attention from the story that I wrote, which included enormous specifics. I was describing a process that began before Christmas of 2021. It involved the National Security Advisor Jake Sullivan of the White House for the President. They had a series of meetings at a secret room in the White House. They gave clues, I know the title of the room. They were asked to come up with both reversible and irreversible concepts, ideas. A reversible concept would have been more sanctions. Something irreversible would have been kinetic, a bomb. And then eventually it turned out what they really wanted was a hit on the pipelines. And in this government, the concern has always been that Germany has been getting so much gas at such a cheap price from Russia that it would be very hard to wean them away from Russia. Slamming U.S. foreign policy as “complete idiocy,” Seymour Hersh told Liu Xin he believes American hegemony and the hatred of “all things Putin & communism” are driving the Biden Administration to do dumb things.

Liu Xin: You have also called a part of the called this planning “stupidity.” And you on several occasions you laughed at the intelligence level of the Biden. Seymour Hersh: I was not questioning their intelligence. These are all people, Tony Blinken, the Secretary of State, the one who didn’t go to China to meet his counterpart because of a balloon and Jake Sullivan, who’s the National Security Advisor, and the Undersecretary of State, all have high degrees of, plenty of intelligence. It’s just what they’re so driven by, I think, hatred of all things particularly Putin, and also communism per se. They’re so cold warriors. They’re really out of sorts. It makes them do dumb things. I just think his foreign policy is too complete idiocy, alienating a lot of people around the world. This notion of American hegemony, if you will, it just doesn’t work anymore. That’s what I object to.

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“..this point of view is nothing but a wish of defeat to his country and its non-existence..”

Zakharova: Ukraine Allegations Russia’s Reluctant To Talk A Colossal Lie (TASS)

Russian Foreign Ministry Spokeswoman Maria Zakharova has slammed her Ukrainian counterpart Dmitry Kuleba’s statement that Moscow is reluctant to negotiate the crisis settlement with Kiev as a “colossal lie”. “These days, Kuleba was once again ranting and raving in interview with the Italian newspapers Repubblica and Stampa. He called those Italians who are standing for settling the conflict with Russia through talks rather than in the battlefield hypocrites. In his interpretation, this point of view is nothing but a wish of defeat to his country and its non-existence – “Not peace but ‘rest in peace’ on Ukraine’s grave,” she wrote on her Telegram channel.


“However, he seems to share the opinion that ‘there is always room’ for talks but says he sees no willingness for them in Russia. A colossal lie, bearing in mind the fact that it is the regime he represents that has banned such talks with Russia in its laws”. Moreover, in he words, Kuleba forecasted “the end of Europe if Ukraine is defeated”. “An optimist. In its current shape, Europe ended right when the European Union let Washington govern its political institutions and ultimately surrendered to NATO,” she added.

Ukraine Inc.
https://twitter.com/i/status/1634810341682036738

Read more …

“We sat down with Ukrainian representatives and the German armaments industry … and German industry, in my presence, asked the German government for one thing: signed contracts..”

Ukraine Won’t Get Western Jets ‘Anytime Soon’ – FM (RT)

Kiev will not get Western-made fighter jets “anytime soon,” Ukrainian Foreign Minister Dmitry Kuleba admitted during an interview with the German newspaper Bild am Sonntag published late on Saturday. The potential delivery of fighter jets to Kiev to prop it up in its ongoing conflict with Moscow is hindered by assorted technical and logistical issues, Kuleba said. However, he urged that Ukrainian pilots, who are only familiar with Soviet-made aircraft, begin training on the Western planes as soon as possible. “I don’t expect the delivery of fighter jets to happen anytime soon because it’s a very difficult task logistically and technically. Therefore, we advise that the training of Ukrainian pilots on Western jets should start now, so that when the decision to provide aircraft is made, we do not waste time or many months on training,” he said.

The diplomat also urged Berlin to ramp up deliveries of ammunition to Ukraine, namely artillery shells, claiming that while German industry had already expressed a readiness to provide them, the issue lies with the country’s government. “We sat down with Ukrainian representatives and the German armaments industry … and German industry, in my presence, asked the German government for one thing: signed contracts,” he stated. Over the course of the conflict, Ukraine has increasingly demanded more and more sophisticated weapon systems from its Western backers. Kiev has intensified calls for NATO to supply it with fighter jets – namely the US-made F-16 – in recent months after securing a pledge for dozens of Leopard 2 and Leopard 1, M1 Abrams, and Challenger 2 main battle tanks from multiple EU countries, the US, and UK, respectively.

So far, however, the West has been reluctant to provide Ukraine with modern aircraft. Late in February, US President Joe Biden said he was “ruling it out for now.” His Ukrainian counterpart Vladimir Zelensky “doesn’t need F-16s now. There is no basis upon which there is a rationale, according to our military, now, to provide F-16s,” Biden told ABC at the time. Still, American media reported that the Pentagon has already invited Ukrainian pilots to a military base in Arizona to determine how long it would take to train them to fly the F-16. Last week, unnamed officials told NBC that two Ukrainian airmen had already arrived on American soil and more were likely to follow. Russia has repeatedly warned the West against “pumping” Ukraine with assorted weaponry, maintaining it would only prolong the hostilities rather than change the ultimate outcome.

Read more …

By Petr Lavrenin, Odessa-born political journalist and expert on Ukraine and the former Soviet Union

Growing Backlash Against Methods To Conscript Ukrainian Men For War (Lavrenin)

Last year, military conscription became an issue in both Russia and Ukraine. However, the extent has been completely different in the two countries. While in Russia the mobilization was partial, lasting barely more than a month and affecting around 300,000 people, according to official figures – a significant part of whom already had military experience – a completely different picture has developed in Ukraine. Kiev instituted a general conscription drive which has been in force for more than a year. The exact number of those taken to the armed forces during this time is not known for certain and the process has been accompanied by numerous scandals. Cases where law enforcement officers have applied force when handing out conscription notices and illegally delivered men to enlistment offices have given rise to public discontent.

However, the Ukrainian authorities clearly have no intention of pausing enlistment because the situation remains critical at some sections of the front. The Armed Forces of Ukraine (AFU) are losing their grip on fortified areas around Artyomovsk (Bakhmut), and taking huge numbers of casualties, according to the Guardian and other media outlets. Meanwhile, Kiev continues to issue mobilization summonses and is sending people without proper training. According to the country’s legislation, a summons for military duty can only be issued on the street if it specifies the personal data of the person to whom it is given. It is also illegal for military commissars to detain citizens, as they are not the police, and conscripts are not criminals. Yet, that’s exactly how conscription is currently being conducted in Ukraine. Men of military age are being hunted down, and videos showing military commissars going to extreme lengths to hand out summonses, including by force, constantly circulate on social media.

Odessa, in particular, stands out in this respect. For example, military commissars were caught driving around the city in ambulances. When they came across men of the appropriate age, they stopped, handed over summonses and drove on. After videos emerged on social networks, local military commissars had to explain themselves and claimed that they were given the ambulance to use for their work. There were also cases when men in Odessa were detained on the street and forcibly taken to military enlistment offices, even without being handed a mobilization summons. For quite a long time, the AFU’s Operational Command South tried to ignore the illegal, forceful methods used by its military commissars. However, on February 14, a video was released showing military enlistment office staff detaining a man by force. In order to avoid a scandal, the military quickly assured the public that the staff responsible would be disciplined for “incorrect” behavior and the incident investigated.

Read more …

Too many tunnels?!

Prigozhin Describes Situation In Bakhmut As Very Difficult (TASS)

The situation is Artyomovsk (known as Bakhmut in Ukraine) is very difficult, with the Ukrainian army receiving “endless reserves,” Wagner PMC founder Yevgeny Prigozhin said on Sunday. “The situation in Bakhmut is difficult, very difficult, with the enemy fighting for each meter. And the closer we are approaching the city center the fiercer fighting is growing, the more artillery and tank being used against us. Ukrainians keep on supplying endless reserves. But we are moving forward and will continue to move forward and we will not cover the glory of Russian arms with shame,” his press service quoted him as saying on its Telegram channel.


Artyomovsk is located in the Kiev-controlled part of the Donetsk People’s Republic (DPR). Fierce fighting for control of the city is underway. According to the latest data, Russian forces have blocked or taken control of all paved roads to the city while the nascent spring mud season is complicating the logistics of supplying the Ukrainian army with fresh ammunition and personnel. Prigozhin said on Saturday that Russia forces were some 1.2 kilometers from the city’s administrative center.

Prigozhin
https://twitter.com/i/status/1634598452666544128


“Wagner” began storming the underground part of the “Bakhmut Azovstal”. Right now,”Wagner” are making their way into the mine. The battles take place at a depth of up to 320 meters.

Read more …

You lost. You were staring blind.

US ‘Sitting Still’ Amid Growing China-Russia Influence – Bolton (RT)

President Joe Biden’s administration is doing nothing to counteract steps by China, Russia, and their allies to work more closely together, jeopardizing US interests and undermining its global influence, former White House National Security Adviser John Bolton has claimed. “We’re sitting still, and the Chinese, the Russians, Iran, North Korea and several others are moving to shore up their relations and threaten us in a lot of different places,” Bolton said on Sunday in a WABC 770 radio interview. He added that while Beijing follows a clear strategy, “we kind of wander around from day to day.”

Bolton, a longtime war hawk who has called for regime changes in Moscow and Tehran, made his comments in the wake of Friday’s announcement that Saudi Arabia and Iran had agreed to re-establish diplomatic ties under a deal brokered by China. He lamented that the agreement reflected diminishing US influence around the world. “It’s an indication that the Saudis and others are trying to hedge their bets with China and Russia, because they don’t think the United States has the resolve and the fortitude necessary to do what they need to do to protect the world against Iran and its intentions,” Bolton said.

The 74-year-old Bolton has worked in the administrations of former Presidents Donald Trump, George W. Bush, George H.W. Bush and Ronald Reagan. Chinese officials have bristled at Washington’s threat claims, arguing that the US and its NATO allies behave as if they’re still fighting the Cold War. Beijing has maintained neutrality on the Ukraine crisis, resisting US pressure to condemn Russia over the conflict, and proposed a 12-point blueprint to end the fighting late last month. Biden dismissed the peace plan, saying it would benefit only Russia.

Read more …

Maybe he should name the journal…

‘Rigorous’ Maidan Massacre Exposé Suppressed By Top Academic Journal (GZ)

A peer-reviewed paper initially approved and praised by a prestigious academic journal was suddenly rescinded without explanation. Its author, one of the world’s top scholars on Ukraine-related issues, had marshaled overwhelming evidence to conclude Maidan protesters were killed by pro-coup snipers. The massacre by snipers of anti-government activists and police officers in Kiev’s Maidan Square in late February 2014 was a defining moment in the US-orchestrated overthrow of Ukraine’s elected government. The death of 70 protesters triggered an avalanche of international outrage that made President Viktor Yanukovych’s downfall a fait accompli. Yet today these killings remain unsolved.

Enter Ivan Katchanovski, a Ukrainian-Canadian political scientist at the University of Ottawa. For years, he marshaled overwhelming evidence demonstrating that the snipers were not affiliated with Yanukovych’s government, but pro-Maidan operatives firing from protester-occupied buildings. Though Katchanovski’s groundbreaking has been studiously ignored by the mainstream media, a scrupulous study he presented on the slaughter in September 2015 and August 2021 and published in 2016 and in 2020 has been cited on over 100 occasions by scholars and experts. As a result of this paper and other pieces of research, he has among the world’s most-referenced political scientists specializing in Ukrainian matters.

In the final months of 2022, Katchanovski submitted a new investigation on the Maidan massacre to a prominent social sciences journal. Initially accepted with minor revisions after extensive peer review, the publication’s editor effusively praised the work in a lengthy private note. They said the paper was “exceptional in many ways,” and offered “solid” evidence in support of its conclusions. The reviewers concurred with this judgment. However, the paper was not published, a decision Katchanovski firmly believes to have been “political.” He filed an appeal, but to no avail. Among those fervently supporting Katchanovski’s appeal was renowned US academic Jeffrey Sachs. “You have written a very important, rigorous, and substantial article. It is thoroughly documented. It is on a topic of great significance,” Sachs wrote to the scholar.

“Your paper should be published for reasons of its excellence…The journal will only benefit from publishing such a work of importance and excellence, which will further the scholarly understanding and debate regarding a very important moment of modern history.” Katchanovski declined to name the journal in question, but described it as “top-tier” in the field of social sciences. He believes its refusal to publish his study is “extraordinary,” but nonetheless emblematic of a “far bigger problem in academic publishing and academia.” “The editor who accepted my article only learned it would not be published from my tweets on the subject. This reversal was highly irregular and political. There is growing political censorship concerning Ukraine in academia, and also self-censorship..”

Read more …

Let’s see them.

Comer: We Have Documents That Show Biden Family Was Getting Money from CCP (GP)

House Oversight Chairman James Comer (R-KY) joined Maria Bartiromo on Sunday Morning Futures this morning. This was an explosive interview. Comer dropped several bombs on the Biden Crime Family. According to Comer the House Oversight Committee is working with four individuals with close ties to the Bidens. Comer says the committee now has documents that tie the Bidens to the Chinese Communist Party. Biden is finished. James Comer: “It’s as bad as we thought… Since we’ve last spoken we have bank records in hand. We have individuals who are working with our committee. In the last two weeks we’ve met with either these individuals personally or with their attorneys. And that would be four individuals who had ties in with the Biden family in their various schemes around the world. So now we have in hand documents We have in hand documents in hand that show just how the Biden family was getting money from the Chinese Communist Party.”

Comer’s got the goods! This is a pivotal moment in American history. They finally have the goods on the Biden Crime Family.How will Democrats deal with this? With more phony charges against President Trump? Or maybe Old Joe will suffer a slip and fall?

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“They did not want to have a discussion about anything. It was completely opposite to what the party was even ten years ago..”

The Democrats Have Lost the Plot (Taibbi)

One of the crazier parts came at the end of the examination by Garcia, when I ended up becoming just a bystander to a heated and apparently sincerely unfriendly blowup between chairman Jim Jordan and Plaskett: GARCIA: So you’re not gonna tell us when Musk first approached you. TAIBBI: Again, Congresswoman, you’re asking me to, you’re asking your journalist to reveal a source. GARCIA: So then you consider Mr. Musk to be the direct source of all this? TAIBBI: Now you’re, you’re trying to get me to say that he is the source. GARCIA: Well, he isn’t, if you’re telling me you can’t answer because it’s your source, the only logical conclusion is that he is in fact your source. TAIBBI: Well, you’re free to conclude that. GARCIA: Well, sir, I just don’t understand. You can’t have it both ways, but let’s move on, because — JORDAN: Well, no, he can. He’s a journalist. PLASKETT: He can, because either Musk is the source and he can’t talk about it, or Musk is not the source. And if Musk is not the source, then he can discuss.

Did these people really not understand that identifying who is not a source crosses the same line as identifying who is one? You just can’t go into these questions. I started to interject to point this out, then realized that Garcia and Plaskett legitimately didn’t even know the basics of the civil liberties landscape. This was much the same as when Vijaya Gadde acted completely at a loss when Ro Khanna wrote to her in the middle of the Hunter Biden laptop affair, to express concerns about speech rights. Khanna mentioned the New York Times v. Sullivan case and other principles to Gadde, and she seemed to have no idea what he was talking about. This was like that. Garcia also made it clear she didn’t know what Twitter was. At one point she said, regarding yesterday’s Twitter Files thread, that I had said “I had to attribute all the sources to Twitter first.”

I was so confused by this that I paused, worried that I was misunderstanding (my hearing is not so great). She then asked if I “sent it to Twitter first.” As I was replying no, that I’d posted the thread on Twitter, I heard an aide whispering something about “putting it on Twitter.” Garcia seemed to think that Twitter was an editorial body to which I was sending text, maybe for review. It’s understandable, not knowing that the platform doesn’t work that way — not everyone has to be on Twitter obviously — but then why the hostility? Instead of simply asking me in a friendly way about this process, which I would have been glad to explain, she kept blasting away. “First, sir. Yes or no?” The Democrats were angry that Michael and I were there at all. They did not want to have a discussion about anything. It was completely opposite to what the party was even ten years ago, when expression rights were an issue they wanted to own.

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Scott Ritter’s wife is Georgian. He knows the country. This is a harrowing story.

Georgian Protesters Unwittingly Imperil Their Nation’s Survival (Scott Ritter)

In many ways, the critics were correct—the practical outcome of the foreign agents bill would have been to expose the extent to which Georgian politics and governance had become overrun with foreign money and influence. The threat, however, didn’t come from Russia, but rather the United States, which uses the $40 million in aid funneled through the United States Agency for International Development (USAID) every year to conduct what amounts to a “soft coup” in Georgia designed to displace the current government with one that will be compliant to American—not Georgian—goals and objectives—including the establishment of a “second front” against Russia. All of this is done, according to Samantha Power, the Director of USID, to build “a country with free expression, a free press, & a path to Euro-Atlantic integration.”

But what she really means is a country that suppresses any dissent as “disinformation,” uses the media as state-sponsored propaganda, and removes from power any politician or political party that dares impede Georgia’s absorption into the US-led NATO sphere of influence. Georgia’s Prime Minister, Irakli Garibashvili, does not want an expanded war with Russia—especially one that drags Georgia into the conflict. As such, Samantha Power and her minions at USAID believe the prime minister of Georgia must now be removed and replaced with an anti-Russian (i.e., pro-war) leader cut from the same pro-American cloth as Georgia’s US-backed President, Salome Zurabishvili.

To accomplish this, USAID funds programs designed to foment a “bottom-up” transformation of Georgian society and politics by empowering “diversity” at the grass-roots level, suppressing opposing points of view in the name of building “societal resilience to disinformation,” and seizing control of the electoral process so that the US-controlled “diversity” movements can prevail in local elections and, by extension, national elections. The Georgian foreign agents bill would have exposed the level to which these USAID-funded programs, and other related US and EU-funded activities, had infiltrated Georgian society. For that reason, the US mobilized its paid activists to take to the streets, forcing the Georgian Prime Minster to pull the plug on the legislation in the interests of public safety.

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This is about suicides, not covid. Why only suicides among veterans? Isn’t it time to widen and broaden this discussion?

Could Vitamin D Help Save Our Veterans? (ET)

Findings from a new study have shown that vitamin D may lower the risk of suicide and suicide attempts in U.S. veterans with low vitamin D levels. The study found that veterans who received vitamin D had a 64 percent lower risk of suicide than those who did not receive supplementation. The study was published in February 2023 in the journal Plos One. Suicide is a serious public health issue and the 12th leading cause of death in the United States. In 2020, 45,979 Americans died by suicide and there were an estimated 1.2 million suicide attempts. According to the CDC, suicide rates increased 36 percent between 2000-2018, and Suicide Awareness Voices of Education states that from 2020 to 2021 there was a 3.6 percent increase in suicides, bumping it up to the 11th leading cause of death in the United States. This is one death every eleven minutes.

When it comes to veterans, however, the statistics change. Veterans are at a 57 percent higher risk of suicide than those who haven’t served, which is more than 1.5 times the national average. Suicide is the second leading cause of death of veterans under the age of 45. Some other notable statistics: • 125,000 veterans have died by suicide since 2001. • There were 6,146 veteran suicides in 2020. • There have been 20 consecutive years with 6,000-plus veteran suicides. The study aimed to determine the association between vitamin D supplementation, vitamin D blood serum levels, suicide attempts, and intentional self-harm in a group of veterans in the Department of Veterans Affairs.

The retrospective cohort study looked at veterans who had filled either a vitamin D3 or vitamin D2 prescription between 2010 and 2018. A cohort of 169,241 vitamin D2-treated veterans and 490,885 vitamin D3-treated veterans were each matched to an equal number of controls that had similar demographics and medical histories. The results of the study showed that vitamin D3 and D2 supplementation was associated with a 45 percent and 48 percent reduced risk of suicide attempt and self-harm. This was an almost 44 percent difference between the groups receiving supplementation and the control group. Additionally, the study found that vitamin D supplementation among black veterans was associated with a 60 percent decline in suicide attempts, and in veterans with vitamin D deficiency, which the study defined as being below 20 nanograms per milliliter (ng/mL), there was a more than 64 percent reduction in potential suicide attempts.

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“..in exceptional circumstances of unjust laws, ethical responsibilities should supersede legal duties.”

The Doctor Indicted For Not Killing His Patients (Horowitz)

All the government officials, pharmaceutical executives, and doctors involved in defrauding the public with taxpayer funding and violating the consent of humanity to mandate dangerous shots are absolved of liability. Meanwhile, a doctor who took his Hippocratic Oath seriously and allegedly saved nearly 2,000 patients (with FULL CONSENT) from the shots, is facing serious federal charges for conspiracy to defraud the government defrauders. We’re all big talkers. We’d like to believe that if we were there in Germany during the late 1930s, we would have protested the budding genocide, which was first rooted in medical experimentation and coerced sterilization. But just like most doctors and scientists went along with the Third Reich, nearly every doctor went along with the Fourth Reich in coercing patients into taking a known dangerous shot because they were “just following orders” and “following the science.”

Dr. Kirk Moore, an experienced plastic surgeon from Utah, on the other hand, has risked his life and career to actually follow the dictates of the Nuremberg Code. Yet despite everything we now know about the shots, which should win him the Presidential Medal of Freedom for his alleged actions, he is the one facing prosecution for a disposing of a shot that is only on the market because of government fraud. In January, Dr. Moore, along with two members of his clinic’s staff and a neighbor, were indicted on conspiracy to defraud the federal government by allegedly offering nearly 2,000 patients saline injections along with vaccine documentation while disposing of the real shots into the sink. To be clear, he is not being accused of tricking patients. He never offered unsuspecting patients fake shots. These were all people (or parents of minors) who desperately sought him out to bypass the genocidal, unconstitutional, inhumane, and immoral jab mandates, so they could go on with their lives unharmed by this terrible technology.

Prosecutors accuse Dr. Moore and staff at the Plastic Surgery Institute of Utah of pretending to administer 391 children shots, 524 adult Pfizer shots, 64 Moderna shots, and 958 J&J shots between October 2021 and Sept. 2022 just based on the inventory of shots that went to that office. That was long after it was known these shots were dangerous, yet Moore, not the Pfizer executives, faces up to five years in federal prison. According to the AMA Medical Code, “When physicians believe a law violates ethical values or is unjust, they should work to change in law.” However, it adds that “in exceptional circumstances of unjust laws, ethical responsibilities should supersede legal duties.”That is clearly going to be part of Moore’s defense if he is indeed shown to have given people saline at their request. Ironically, Moore is being accused of grifting and running a fake vaccine card ring and earning $98,000 off it. Dr. Moore, though, rigorously disputed this fact in an interview on my podcast and notes that when people asked him for his fee for COVID treatment, he told them to donate it to a 501(c)(3) medical freedom group.

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Earth music
https://twitter.com/i/status/1634947463487574018

 

 

 

 

Owl
https://twitter.com/i/status/1634644161239437318

 

 

God made a farmer
https://twitter.com/i/status/1634879637527445504

 

 

 

 

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Mar 112023
 
 March 11, 2023  Posted by at 9:43 am Finance Tagged with: , , , , , , , , ,  54 Responses »


Edward Hopper The barber shop 1931

 

Banking Rout Rattles Global Markets (RT)
The Real-World Impact Of SVB’s Failure (ZH)
The US Opts For Ham Handed Political Gestures (Larry Johnson)
US Must Pull Troops Out Of Syria, Stop Marauding – China (TASS)
Russia And China Dominate Washington’s Mindset (Gupta)
Moveable Multipolarity in Moscow: Ridin’ the ‘Newcoin’ Train (Escobar)
Pope Francis Sees Countries’ ‘Imperial Interests’ In Ukraine Conflict (TASS)
West Was Seeking Pretext To ‘Get Its Claws Into’ Russia – Lavrov (TASS)
Lavrov: Western Media Version Of Nord Stream Events ‘Incoherent Babble’ (TASS)
CIA Issued Advance Nord Stream Warning To Allies – WSJ (RT)
Everything, All at Once (Kunstler)
Lavrov Likens Protests In Georgia To 2014 Kiev Coup (RT)
Irish MEP Blasts West’s ‘Criminal’ Approach To Ukraine (RT)
Borrell: EU To Increase Financial & Military Support To Ukraine (Az.)
France’s First Lady Fails In Transgender Lawsuit (RT)

 

 

 

 

Nap/Macgregor

 

 

 

 

 

 

Arestovich

 

 

 

 

Shaman

 

 

 

 

And nobody saw anything coming?

Banking Rout Rattles Global Markets (RT)

European and Asian stock markets plummeted on Friday, following a rout in US equities amid liquidity concerns in the banking sector. The meltdown was triggered by US bank SVB Financial, known as Silicon Valley Bank (SVB), which plunged 60% on Thursday after revealing that it needed to raise more than $2 billion in capital to offset losses from bond sales. The announcement rocked financial stocks, with Euro Stoxx Banks index on Friday on pace for its worst day since June, led by a decline of more than 8% for Deutsche Bank. Societe Generale, HSBC, ING Group and Commerzbank all tumbled more than 5%. Asian stocks suffered their worst day in five months, with Hong Kong’s Hang Seng index plummeting 3% on losses in heavyweight technology stocks. The Shanghai Composite dropped 1.4%, while Japan’s Nikkei 225 index fell 1.67%.

Investors started offloading US bank stocks on Thursday after SVB, a major lender to the tech industry, announced aggressive measures to support its balance sheet. The bank had reportedly been forced to sell all of its available-for-sale bonds at a $1.8 billion loss as its startup clients withdrew deposits. The news, which follows the collapse of the crypto-focused bank Silvergate, led to another wave of deposit withdrawals, people familiar with the matter told CNBC. All of this led to the four largest US banks – JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup – seeing their stock prices lose a cumulative $52 billion in a single day.

SVB, which had a market value of $16.8 billion to end last week, was worth $6.3 billion as of Thursday. “The issues at SVB have been like a cold shower and with the Fed having just countenanced the idea of faster hikes once again, the potential for a very unhappy equity market should the jobs data surprise on the upside is very real indeed,” James Athey, investment director at global investment company Abrdn, told Bloomberg. “It has always been the case that the sort of hikes we have seen from the Fed were going to cause problems somewhere,” he added.

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FDIC guarantees up to $250k. Over 90% of SVB accounts held more than that. “About 37,000 customers accounted for nearly $157 billion or 74% of the bank’s assets with an average account size of over $4 million….at the end of 2022, 87% of the bank’s $173 billion in deposits were uninsured.”

Trying to find some stuff in between all the graphs ad stats. Here’s two threads ZH picked up on:

The Real-World Impact Of SVB’s Failure (ZH)

Brad Hargreaves explains in a brief thread how SVB’s closure & receivership is going to have a massive impact on the tech ecosystem. “SVB was not just a dominant player in tech but were highly integrated in some nontraditional ways. A few things we’ll see in the coming days / weeks… One, SVB was incredibly integrated into the lives of many founders. Not just their startup’s bank & lender, but also provided personal mortgages and other financial services. A whole mess for FDIC (or the eventual buyer) to unwind. Two, any “uninsured” balances at SVB – those above $250K – are in jeopardy. FDIC plans to pay them out “as it sells the assets of SVB”. Lots of startups exclusively banked with SVB as *this was a covenant of their debt*!

CEOs yesterday faced a hard choice: Pull your deposits and go into default on your venture debt or risk losing everything if the bank failed. Many chose to hold tight as SVB’s outright failure seemed outlandish. Now they may not be able to make payroll next week. Unpaid wages pierce the corporate veil, so boards are *incredibly* sensitive to employing workers they may not be able to pay. Expect mass layoffs later today, Monday at latest. And given the weak fundraising environment, a number of startups have been reliant on venture lenders – e.g., SVB – not aggressively pursuing amortization of debt or triggering default for covenant foot faults (e.g., cash balances). How will the FDIC handle this? Mass defaults?

Having run a startup through the GFC, this is the first thing I’ve seen since that is even vaguely reminiscent of that time. Total clusterfuck. One more thing: SVB also offered *wealth management services* to many of its founders. So your corporate lender, corporate bank, personal mortgage lender, and family’s wealth manager is… all one bank, which is now in FDIC receivership. Fun. JPow got his fucking debt crisis alright.”

[..] Garry Tan, the CEO of YCombinator echoes what we said just two days ago, namely that “this is an *extinction level event* for startups and will set startups and innovation back by 10 years or more” and warns that “30% of YC companies exposed through SVB can’t make payroll in the next 30 days.”

“The most important thing the FDIC and the US Government can do right now is *make the receivership as short as possible* There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long. The #1 pressing issue for these startups is *payroll* – you can’t have people work if you can’t pay them. This means mass furlough. It might mean thousands of startups die before the FDIC gets through its receivership process and releases the funds. From what I hear, there are venture debt options coming from providers like Brex, but we’re going to need *a lot* of options in order to avoid a mass shutdown of all American startups in the next few weeks.

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more. BIG TECH will not care about this. They have cash elsewhere. All little startups, tomorrow’s Google’s and Facebooks, will be extinguished if we don’t find a fix. 30% of YC companies exposed through SVB can’t make payroll in the next 30 days. If you or your company are affected, I recommend that you reach out to your local congressman to get this on their radar TODAY. Now.

Pomboy
https://twitter.com/i/status/1634364937072959492

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50 feet is a nice sized boat. But how do you get 6 people to sit and sleep on it, along with tons of equipment?!

The US Opts For Ham Handed Political Gestures (Larry Johnson)

In theory, a covert operation is supposed to be elegant, sophisticated and smart. But that is not the case with the United States these days. Ham-fisted and clumsy are more apt descriptors. Yesterday’s simultaneous release of a new account of who destroyed the Nordstream pipeline in the New York Times, Die Zeit and a London paper placing the blame on shadowy pro-Ukrainians was not a coincidence. This was a coordinated information operation and the media reaction to this news is quite telling. The same news outlets that strenuously ignored Sy Hersh’s explosive, detailed revelation that it was a U.S. operation with help from Norway stumbled over themselves to breathlessly report that an unidentified pro-Ukrainian group was the guilty party.


Bavaria Cruiser 50 – Sailing yacht Andromeda. Image: Spiegel

Die Zeit provided the most hilarity with their fantastic tale of six people on a private yacht carrying out the deed. Looks to me like Die Zeit was channeling a Gilligan’s Island episode. We had Ginger and Mary Ann, accompanied by the Professor, the Skipper, Thurston Howell and Gilligan. They set to sea with a 1000 pounds of high explosive and used their snorkel gear to plant the charge. I bet you it was Ginger and Mary Ann who planted the bomb, of course, was built by the crafty Professor. Take a look at Moon of Alabama’s detailed breakdown of the nonsense:


“No. You do not dive down to 80+ meter for an industrial size job, involving the placement of hundreds of pounds of explosives in eight individual charges on very sturdy pipelines, from a sparsely manned boat. Such deep dives require special gases, special breathing equipment, special training, a decompression chamber for emergencies and lots of well trained people to maintain all that stuff. All three articles neglected to point out that you cannot dive in regular scuba gear to 200 feet in an arctic sea. You need a dry suit (as my friend Mark says, you look like the Stay Puft marshmallow man). That suit requires some specialized support equipment that does not fit on a yacht. This is a desperate, juvenile attempt to shift the blame from the United States. I cannot wait to see what happens when Sy drops a new story on Nordstream.”

A competent intelligence service would have prepared a detailed story that was plausible and contained enough details to create doubt in the minds of those who accepted Sy’s account. Instead of releasing the same skimpy story in three different media outlets on the same day, the release should have been spread out over a few days or a week. This bungled attempt to shift the blame to Ukraine is just one more piece of evidence that America does not have a competent intelligence service.

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China yesterday brokered a peace deal between Iran and Saudi Arabia. China wants the fighting to stop, to safeguard the Belt and Road.

US Must Pull Troops Out Of Syria, Stop Marauding – China (TASS)

China calls on the US to withdraw its troops from Syria and to stop plundering that country, Chinese Foreign Ministry spokesperson Mao Ning told a news briefing on Friday. “The United States has illegally intervened in military activities related to the Syrian crisis, which has led to the death of a large number of innocent civilians and a serious humanitarian disaster,” Mao said. “We call on the United States to sincerely respect the sovereignty, independence and territorial integrity of other countries, and to immediately stop its illegal military presence and marauding in Syria,” she said. Mao called on the US authorities to lift “illegal unilateral sanctions” against Syria and to stop actions that aggravate the humanitarian situation in the country.


According to the Chinese Foreign Ministry spokesperson, during the years of the Syrian crisis in the country at least 350,000 people have lost their lives to the military conflict, and 14 million are in dire need of humanitarian assistance. The House of Representatives of the US Congress on Wednesday failed to pass a resolution according to which the Washington administration should withdraw all US troops from Syria. The initiative was introduced in February by Republican Matt Gaetz, from Florida. He stressed that Congress had not given permission to use US forces in combat operations on Syrian territory. On March 4, the chairman of the US Joint Chiefs of Staff, General Mark Milley, visited Syria, where he claimed that the US military presence in the country was of critical importance to the security of both the United States and its allies.

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“The China-Russia axis is the biggest cause for concern for Washington because of “their shared threat perceptions of the US”..”

Russia And China Dominate Washington’s Mindset (Gupta)

A top US intelligence official has expressed concern that the Chinese government – under its powerful President Xi Jinping, who started his historic third term this week – could emerge as the most potent force on the global stage in alliance with Russia to weaken Washington’s influence. Earlier this week, Avril Haines, the director of national intelligence in the administration of US President Joe Biden, appeared before a Senate committee to present the annual threat assessment report. Asia Editor Joydeep Sen Gupta decodes the key pressure points of the report, which identifies Beijing as a ‘near-peer competitor’ in a changing world order, The report dwells on China-Russia bonhomie as one of the high points of the annual review, which seldom gets a makeover from year to year.

Significantly, the section on China is much more elaborate this year than in recent times. It reinforces the Biden administration’s growing focus on Asia’s biggest economy, which is seen as punching above its weight in its bid to challenge the US’ military might. The report makes reference to China’s “capability to directly attempt to alter the rules-based global order in every realm and across multiple regions,” while acknowledging Beijing’s exalted status. The report identifies Beijing as a “near-peer competitor” for its ability to threaten its neighbors (read India). Simultaneously, it takes note of Russia’s “unprovoked full-scale invasion of Ukraine” that “has emerged as a defining characteristic of the current era.” The China-Russia axis is the biggest cause for concern for Washington because of “their shared threat perceptions of the US” in diverse fields largely pertaining to defense and security.

Haines singles out the Ukraine conflict “as a tectonic event that is reshaping Moscow’s relationships with the West and China,” and warns of potential conflict between Russia and the West that may lead to dire consequences. However, the report strikes a contradictory note when it cites Moscow’s dwindling influence because of a “range of constraints,” despite noting its prowess in military, security, malign influence, cyber, and intelligence tools. Russia’s interests in the oil-and-natural resources-rich Middle East and North Africa (MENA) region for “military access rights and economic opportunities” at Washington’s expense finds special mention. It also names the Central African Republic, Libya, Mali, and Syria in the Levant, where Russia “will present itself as an indispensable mediator and security partner.”

It predicts that both Russia and Iran will improve their “bilateral economic and defense cooperation” in a bid to circumvent Western sanctions. Similarly, it rings alarm bells regarding Russia’s overtures in Latin America in “countries that Moscow sees as key players or close partners, including Argentina, Brazil, Cuba, Nicaragua, and Venezuela” to amplify its influence. “Russia will continue to use energy as a foreign policy tool to try to coerce cooperation and weaken Western unity on Ukraine,” the report says.

The focal point of the report is China’s strengthening of its military and its expanded operations in the Indo-Pacific region, which is being countered by a grouping consisting of the US, Japan, Australia, and India known as the Quad. A substantial part of the report is devoted to the Chinese Communist regime’s efforts to press Taiwan on unification and whether Beijing will attack the island nation. The Chinese military, according to the report, is working towards meeting Xi’s goal – to become powerful enough by 2027 to ward off any US-led intervention in the event of an armed conflict over Taiwan. It warns that China will avoid signing nuclear arms agreements with either the US or Russia because of an inadequate arsenal that needs to be modernized.

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As the west loses itself, the south is taking shape.

Moveable Multipolarity in Moscow: Ridin’ the ‘Newcoin’ Train (Escobar)

[..] please allow me to introduce one such technical blueprint for the newcoin. Let me start by saying that it should be partially (I suggest a share of at least 40% of value) backed by gold, for reasons that will soon become clear. The remaining 60% of the newcoin would be composed of the basket of currencies of the participating countries. Gold would provide the “external money” anchor to the structure and the basket of currencies element would allow the participants to retain their sovereignty and monetary flexibility. There would clearly be a need to create a Central Bank for the newcoin, which would emit new currency. This Central Bank could become a counterparty to cross-swaps, as well as provide clearing functions for the system and enforce the regulations. Any country would be free to join the newcoin on several conditions.

First, the candidate country needs to demonstrate that it has physical unencumbered gold in its domestic storage and pledge a certain amount in exchange for receiving corresponding amount of newcoin (using the 40% ratio mentioned above). Economic equivalent of this initial transaction would be a sale of the gold to the “gold pool” backing the newcoin in exchange for proportional amount of the newcoin backed by the pool. The actual legal form of this transaction is less important, as it is necessary simply to guarantee that the newcoin that is being emitted is always backed by at least 40% in gold. There is no need to even publicly disclose the gold reserves of each country, as long as all participants can be satisfied that sufficient reserves are always present. An annual joint audit and monitoring mechanism may be sufficient.

Second, a candidate country would need to establish a gold price discovery mechanism in its domestic currency. Most likely, one of the participating precious metals exchanges would start physical gold trading in each of the local currencies. This would establish a fair cross-rate for the local currencies using “external money” mechanism to set and adjust them over time. The gold price of the local currencies would drive their value in the basket for the newly-emitted newcoins. Each country would remain sovereign and be free to emit as much of local currency as they choose to, but this would eventually adjust the share of their currency in the newcoin’s value. At the same time, a country would only be able to obtain additional newcoin from the central bank in exchange for a pledge of additional gold. The net result is that the value of each component of newcoin in gold terms would be transparent and fair, which would translate into the transparency of newcoin’s value as well.

Finally, emissions or sales of newcoin by the central bank would be allowed only in exchange for gold for anyone outside the newcoin zone. In other words, the only two ways external parties can obtain large amounts of newcoin is either receiving it in exchange for physical gold or as a payment for goods and services provided. At the same time, the central bank would not be obliged to purchase newcoin in exchange for gold, removing the risk of the “run on the bank.”

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“The pontiff has repeatedly said that his visit to Kiev, on which the Ukrainian authorities have been insisting, is only possible if he is also able to make a trip to Moscow.”

Pope Francis Sees Countries’ ‘Imperial Interests’ In Ukraine Conflict (TASS)

Pope Francis believes that “the imperial interests” of various countries are shining through in the Ukraine conflict, the Vatican News writes, citing the pontiff’s interview for the Italian Swiss Radio and Television. “In a little over a hundred years, there have been three world wars: in 1914-1918, in 1939-1945, and this one, which is a world war. It started in bits and pieces and now no one can say it is not worldwide. The great powers are all caught up in it. The battlefield is Ukraine. Everyone is fighting there,” Pope Francis said, as cited by the Vatican News. “There are imperial interests there, not only of the Russian empire, but of empires elsewhere. It is typical of the empire to put nations in second place,” he added.


The pope confirmed his readiness to meet with Russian President Vladimir Putin, “an educated man.” Pope Francis noted that right after the start of Russia’s special military operation in Ukraine, he went to the Russian Embassy at the Holy See to say that he was willing to go to Moscow if the Russian authorities gave him “a window to negotiate.” “[Russian Foreign Minister Sergey] Lavrov wrote to me, saying thank you but now is not the time,” Pope Francis said. The pontiff has repeatedly said that his visit to Kiev, on which the Ukrainian authorities have been insisting, is only possible if he is also able to make a trip to Moscow. He previously echoed this sentiment on his way back from an apostolic journey to Africa in early February. The pope said at that time that he was open to meet with the presidents of both Ukraine and Russia. Pope Francis has met with Putin before, with the Russian leader’s last trip to the Vatican taking place in July 2019.

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“..the West is loath to listen to Russia’s criticism of its attempts to “live at the expense of others” in the post-colonial era.”

West Was Seeking Pretext To ‘Get Its Claws Into’ Russia – Lavrov (TASS)

The West was looking for some sort of pretext to “get its claws into” Russia after Moscow had come to be seen as too independent a player in the international arena, Russian Foreign Minister Sergey Lavrov said on Friday. “[The West] was waiting for a pretext to get its claws into Russia. They were waiting for a chance to do this because they had begun to see Russia as too independent a player, which, if perhaps not building up as much economic power as China or India, was nevertheless among the leading world economies and holds rather weighty moral and political stances in the international arena, advocating from a position of justice on those issues that are of critical importance for the developing countries,” he said in an interview with the “Bolshaya Igra” (“The Great Game”) public affairs program on Russia’s Channel One television. According to the top Russian diplomat, the West is loath to listen to Russia’s criticism of its attempts to “live at the expense of others” in the post-colonial era.

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“We had no plans. They had plans – to abandon Russian gas. They survived the winter, but how much did it cost the government and the taxpayers? They are not very eager to tell..”

Lavrov: Western Media Version Of Nord Stream Events ‘Incoherent Babble’ (TASS)

Russian Foreign Minister Sergey Lavrov called the latest reports in the Western media about the alleged involvement of a “Ukrainian oligarch” in the explosions on the Nord Stream and Nord Stream 2 gas pipelines “incoherent babble.” “When they threw in the last wave of stories in the American and to some extent in the German press regarding a new version [about the causes of the emergency on gas pipelines] – about “the Ukrainian oligarch, who had better confess himself,” [and that they] “did not want to talk about Ukraine’s involvement, because it could spoil German-Ukrainian relations” and all that jazz: this is incoherent babble,” he said. In an interview with “The Great Game” program on Channel One, the Russian top diplomat noted that even if one accepts the rationale about the “Ukrainian fingerprint” mentioned in the media, it will raise some questions in Germany.

“The burghers will wonder: why do I need this Ukraine at all, if they blow us up, whoever he (the saboteur – TASS) may be – an agent of Kiev, paid for by someone from abroad, or just a lone ranger, why do I need to send Leopards there, why do I need to admit this country into NATO?” Lavrov said. “Yes, now [German Chancellor Olaf] Scholz is boasting: “We survived the winter, Russia’s plan did not work.” We had no plans. They had plans – to abandon Russian gas. They survived the winter, but how much did it cost the government and the taxpayers? They are not very eager to tell,” Lavrov said. He also called the coverage of the incident in the Western media frivolous, citing as an example their information about the establishment of a “Ukrainian connection” in the emergencies on the gas pipelines.

“There was information in the Wall Street Journal, if I’m not mistaken, where they said that back in June and July, the CIA warned the secret services of Germany and other European countries about a “Ukrainian trail” for the plot. And in September, after the attack took place, The Times said that a week after the explosion it was established that the trail was Ukrainian. So, in June they warned that there would be [a Ukrainian trace] and in September it was established that it was. Anyway, they look at it in a very juvenile way, not the way an adult should,” he concluded.

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What Lavrov talked about.

CIA Issued Advance Nord Stream Warning To Allies – WSJ (RT)

The CIA warned allies in the EU about a potential attack by a pro-Ukrainian group on the Nord Stream gas pipelines, the Wall Street Journal reported on Wednesday, citing intelligence officials. According to the report, around June and July of last year, the CIA informed Germany’s Federal Intelligence Service (BND) and other European agencies that three Ukrainian nationals were trying to rent out ships in states around the Baltic Sea, including Sweden, in preparation to target the pipelines, which were eventually attacked in September. As early as one month after the blasts, CIA Director William Burns and the White House’s national security adviser, Jake Sullivan, were said to have been considering the possibility that Kiev had orchestrated the sabotage on the route built to deliver Russian gas to Germany.

The report comes after the New York Times cited US officials on Tuesday as saying that an unidentified “pro-Ukrainian group” may have carried out the bombing. The WSJ said this assessment by US intelligence officials “isn’t definitive” and that they claimed they saw “no indication” that the alleged perpetrators had ties to the Ukrainian government. German news organizations reported this week that investigators were looking at a yacht operated by a Polish-based company that was “apparently” owned by two Ukrainians, in a possible connection with the sabotage. The German authorities later confirmed that they had searched the vessel in January, but did not disclose details about any items seized.

The new reports about alleged Ukrainian involvement contradict last month’s investigation by veteran journalist Seymour Hersh, who cited a source as claiming that the bombing was carried out by the US with help from Norway. The US and Ukraine have both denied any involvement, and the White House dismissed Hersh’s claims as “utterly false.” Kremlin spokesman Dmitry Peskov suggested on Wednesday that the reports about a Ukrainian link were an attempt to divert attention from the real perpetrators and absolve NATO countries. “Obviously, this is a coordinated media hoax campaign,” Peskov said. Moscow has argued that the West is not really interested in a comprehensive international investigation of the incident.

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..But waitagoshdarnminnit!..

Everything, All at Once (Kunstler)

The defining moment of the week was the White House ceremony with Dr. Jill Biden and her side-piece, Tony Blinken, presenting an International Women of Courage award to Ms. Alba Rueda of Argentina, a biological man. But, of course! Kisses all around. Mattias Desmet, author of The Psychology of Totalitarianism, pointed out some time ago that a psychotic political regime would require the people to swallow ever-greater absurdities as things played out in its death-wish drive toward national nullity. But was that little scene more absurd than the regime’s campaign in Ukraine to do… uh, to do what, exactly? To punish Vladimir Putin, or something like that. Or is it nuclear war they’re really after? A war, they’re telling themselves, that we would surely win, as if being a continent-sized ashtray is winning.

Meanwhile, our Intel Community has discovered that it was… well might have been… Ukraine, after all, who blew up the Nord Stream pipelines — with help from some outside parties (namely, America’s Intel Community). But waitagoshdarnminnit! How does that get anybody off-the-hook for the costly caper? NATO supposedly backs Ukraine, right? And Germany is the European leader of NATO, right? So you’re telling me Ukraine blew up a systemically-important asset of a leading country that supports Ukraine? Something doesn’t add up in that-there rebus puzzle. I’ll spare you the mental labor. The US Spook Industrial Complex is just laying another trip on you. And the “you” includes poor bamboozled Germany, led by arguably the biggest sap ever elected by a supposedly advanced nation, Olaf Scholz, whose name will evermore ring through history as a synonym for “chump.”

Sooner or later, one or both of the following must happen: the German people will dump this chump and / or his replacement will find a way to bow out of Germany’s commitment to America’s foolish proxy war against Russia, leading post-haste to the disintegration of NATO, and leaving America’s army of vaccine-injured transsexuals to reconquer the Donbas and Crimea, led by Tony Blinken in an off-the-shoulder cocktail dress. Anyway, by the time that hallucination comes to pass, all the other things that are happening at once will be so vividly in America’s face that the epic sleepwalk of the Walking Woke ends with a jolt like unto a cattle prod upside the brain-pan. For instance, the implosion of our financial markets along with a sudden, shocking expiration of the US dollar as a credible currency. The mighty “woosh” heard from sea to shining sea will be the sound of capital going up in a vapor. The event will halt all that jabber about debt ceilings, budgets, and billions for Ukraine. A nauseated silence spreads across the land. Then, what?

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“A whole range of European nations have much more strict regulations in this field..”

Lavrov Likens Protests In Georgia To 2014 Kiev Coup (RT)

The massive protests Georgia has been facing over the past week closely resemble the 2014 Maidan coup in Ukraine, Russian Foreign Minister Sergey Lavrov said on Friday. Backed by external powers, these protests are just another plot attempt, he told the ‘Great Game’ show on Russia’s Channel 1. Over the last week, thousands of people have gathered by the Georgian parliament in Tbilisi in order to protest a bill that would have required individuals and organizations with foreign funding to register as “agents of foreign influence.”The demonstrators hit the streets after the bill, which was introduced by the ‘Georgian Dream’ party, passed its first reading. The protests quickly spiraled out into clashes with the police in which several officers were injured and dozens of demonstrators were detained.

“[That] closely resembles Kiev’s ‘Maidan’ [coup],” Lavrov said, adding that, “There is no doubt that … the bill was nothing but a pretext for essentially launching a coup attempt.” According to the minister, the bill introduced by the Georgian lawmakers “pales” in comparison to how noncommercial organizations are regulated in the US, France, or Israel. The protests in Georgia have been “orchestrated” from abroad, the Russian minister believes, adding that their real goal is to create another “irritating” situation on Russia’s borders. In pursuing its goals, the West is attempting to sacrifice Georgia’s national interests and close economic ties with Russia, he added. Lavrov also blasted the EU over what he called a “hypocritical” stance on the issue. “A whole range of European nations have much more strict regulations in this field,” the minister insisted, adding that EU top diplomat Josep Borrell still claimed “without batting an eye” that the Georgian bill “contradicts European values” and deprives Georgia of the prospect of joining the bloc.

“The hypocrisy is obvious,” the minister added. Earlier this week, Borrell’s office issued a statement that blasted the bill as “incompatible with EU values and standards” and going “against Georgia’s stated objective of joining the European Union.” The statement also warned of “serious repercussions” for relations between Tbilisi and Brussels if the bill was passed. The Russian minister also pointed out the striking differences in how the EU and the US treated the protests in Georgia and Moldova. While backing demonstrations in Tbilisi, Washington and its allies still condemned similar actions in Moldova, which saw months of protests over a surge in cost of living and energy prices, Lavrov said. His words came as Georgian MPs have rejected the controversial bill during the second reading, despite it being previously withdrawn by its authors. The procedure was necessary for it to be officially squashed. The nation’s authorities have also announced they would be releasing all of the people who had been detained during the protests.

Korybko
https://twitter.com/i/status/1633813474139619330

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“The Global South is not on board with helping this proxy war persist, because it makes no sense..”

Irish MEP Blasts West’s ‘Criminal’ Approach To Ukraine (RT)

Irish MEP Mick Wallace has condemned the EU’s continued military support for Kiev, saying Brussels is not taking the option of peace talks seriously and arguing that Ukraine is being “sacrificed” for the geopolitical “obsessions” of the US. During a speech in the European Parliament, a clip from which Wallace posted to Twitter, he insisted that the EU, led by Washington, was refusing to “take the option of Peace seriously” amid the ongoing conflict with Russia. Instead, Wallace said, the EU was standing by and watching “the slaughter and devastation” continue. “The Global South is not on board with helping this proxy war persist, because it makes no sense,” Wallace said, adding that it is “increasingly clear that Ukraine is being sacrificed for the obsessions of the US establishment.”

The Irish MEP said the only people benefiting from the conflict were “weapons manufacturers and Western corporations,” which he claimed were “buying up Ukraine now for a pittance.” “The Russian invasion is criminal, but the manner in which the West has been dealing with this has also been criminal,” he concluded. Russia has repeatedly said it is open to talks with Ukraine if its leaders accept what the Kremlin calls the “reality on the ground,” referring to the status of the Donetsk and Lugansk People’s Republics, as well as Kherson and Zaporozhye Regions, which voted to join Russia in public referendums last autumn. Ukrainian President Vladimir Zelensky has floated a ten-point “peace formula” that would require Moscow to withdraw all of its troops from the territory Kiev claims as its own. However, Russia has rejected that proposal as unrealistic.

A 12-point peace plan put forward by China was met with a cool response from the West, with NATO Secretary General Jens Stoltenberg saying Beijing does not have “much credibility” in the issue. US State Secretary Antony Blinken, however, admitted that the plan included some “positive elements.” Last week, Wallace also called the September 2022 sabotage of the Russian-German Nord Stream pipelines “a premeditated terrorist attack on critical European infrastructure.” Fellow Irish MEP Clare Daly said it was “jaw-dropping” that the EU was not investigating potential US and Norwegian links to the attack after a report by Pulitzer Prize-winning journalist Seymour Hersh alleged Washington was behind the sabotage.

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Sanctions failed. Here’s what’s next: your money.

Borrell: EU To Increase Financial & Military Support To Ukraine (Az.)

The EU has nearly exhausted its options for punitive measures against Russia and the bloc’s attention needs to shift to financial and military support for Ukraine, the EU’s chief diplomat Josep Borrell told EURACTIV in an exclusive interview, Report informs. “There is not much more to do from the point of view of sanctions, but we can continue to increase financial and military support,” Borrell told EURACTIV in Stockholm, following a meeting of EU defense ministers. “It would be strange that one year after the invasion began, there would be much more options left. We have been using our step-by-step process, and we have been incremental – maybe sometimes too incremental,” he added. Over the past year, the EU has approved 10 rounds of sanctions against Moscow meant to make financing the war more difficult and starve Russia of tech equipment and spare parts for arms to be used against Ukraine.


“But indeed, one year after the invasion, we’re getting to the end of the ladder,” Borrell admitted when asked about the next potential steps the bloc could take in response to Russia’s invasion of Ukraine. “The answer is always the same – to continue supporting Ukraine. Ukraine needs a lot of money just to keep the machinery working, a state at war has a lot of financial needs – this will require a lot of effort from our side – so sanctions and military support are not everything.”. Borrell said battlefield operations were “up to Ukraine to decide” but Europe’s responsibility “is to support them, also by providing arms and ammunition.”

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Crazy story competition.

“France’s first lady is actually her own transgender brother..?!

France’s First Lady Fails In Transgender Lawsuit (RT)

A Paris judge has thrown out Brigitte Macron’s case against two women who claimed in a YouTube show that France’s first lady is actually her own transgender brother. President Emmanuel Macron’s wife had a case for public defamation, but not for invasion of privacy and violation of image, the judge ruled. The video, posted on December 10, 2021, advanced a “completely outlandish” theory that Brigitte Macron was actually the trangender identity of her brother, Jean-Michel Trogneux. The video received hundreds of thousands of views, and the transgender rumor trended on Twitter for several days. The first lady filed a lawsuit in February 2022, almost two months after the video was posted, claiming it violated her “right to image” and invaded her brother’s privacy.

The hours-long video described the surgeries Macron allegedly underwent, denied she had given birth to three children, and publicized personal information about Trogneux, according to the lawsuit. The video was also said to have used “retouched, enlarged and recolored”photographs. Brigitte Macron’s separate lawsuit against the two women, for public defamation, was actually filed two weeks earlier, on January 31, 2022. That case is still pending. The first lady’s official biography says she was born Brigitte Marie-Claude Trogneux to a family of chocolatiers from Amiens. She married a banker named Andre-Louis Auziere in 1974 and had three children. In 1993, when she was 40 and teaching at La Providence Jesuit high school in Amiens, she met Emmanuel Macron – who was 15 at the time, and a classmate of her daughter Laurence.

Brigitte divorced Auziere in 2006 and married Macron in 2007. She is widely reported to have been key to his victory in the 2017 presidential election. Macron had planned to create an official “first lady” position for Brigitte using the American model, complete with a budget and staff, but changed his mind after popular backlash. The transgender rumor about the first lady appeared ahead of France’s 2022 presidential elections and quickly gained traction online. Macron ended up easily winning re-election.

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Capuchin bird

 

 

Robin Hood

 

 


Father and son

 

 

Elephant feet

 

 

Tarantula
https://twitter.com/i/status/1634130152622895108

 

 

 

 

 

 

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