Aug 172023
 
 August 17, 2023  Posted by at 12:47 pm Finance Tagged with: , , , , , , ,  3 Responses »


Vincent van Gogh Quay with Men Unloading Sand Barges 1888


A topic we can have nice discusssions about ahead of next week’s BRICS+++ meeting in South Africa. As I said recently, BRICS have momentum, and they can’t stop that, not even China could if they wanted. The desire to create a space NOT controlled by US/EU/NATO is just too great. That said, the tentative “bloc” has plenty issues to solve.

How do all the 50+ or so countries who want to join, end up satisfied with their place in the order? If they establish a currency, will it be gold based? And what will that mean for countries who don’t have much gold but still want to join? I think they will announce a schedule next week for Pakistan, Argentina, Indonesia, Saudi Arabia, Iran, Nigeria, the real “big brothers”, to join, in some capacity, and take it from there.

That would add another 1-2 billion people to their team of already 3,5 billion. And then we will talk about PPP GDP.

Andrew has his thoughts, just as valuable:

 

 

Andrew Korybko:

Alt-Media Was In Shock After The BRICS Bank Confirmed That It Complies With Western Sanctions” last month, and now the Alt-Media Community (AMC) just got hit with two more truth bombs after other leading officials confirmed that it doesn’t want to de-dollarize and isn’t anti-Western. South African Finance Minister Enoch Godongwana told Reuters earlier this month in an interview that the group’s focus is on expanding the use of national currencies rather than de-dollarization.

That outlet also quoted New Development Bank (NDB, popularly referred to as the BRICS Bank) Chief Financial Officer Leslie Maasdorp in the same article, who told them that “The bank’s operating currency is dollars for a very specific reason, U.S. dollars are where the largest pools of liquidity are…You cannot step outside of the dollar universe and operate in a parallel universe.” The official confirmation that BRICS doesn’t want to de-dollarize directly led to the next clarification about it not being anti-Western.

South African Ambassador to BRICS Anil Sooklal corrected false perceptions about the organization’s global role in an interview with Bloomberg several days back where he told them that “There’s an unfortunate narrative being developed that BRICS is anti-West, that BRICS was created as competition to the G7 or the Global North, and that is incorrect. What we do seek is to advance the agenda of the Global South and to build a more inclusive, representative, just, fair global architecture.”

In connection with this purpose, he also confirmed what Godongwana and Maasdorp said earlier in the month about how BRICS has no desire to de-dollarize. In Sooklal’s words, “Trading in local currencies is firmly on the agenda (but) There is no agenda item of de-dollarization on the BRICS agenda. BRICS is not calling for de-dollarization. The dollar will continue to be a major global currency — that’s a reality.” These revelations about BRICS might understandably overwhelm the average member of the AMC.

After all, many of them were misled by top influencers into imagining that this group is plotting to deal a deathblow to the dollar out of hatred for the West, but nothing could be further from the truth after what leading officials revealed in the last three weeks. President of the BRICS Bank Dilma Rousseff confirmed that it complies with the West’s anti-Russian sanctions; Godongwana, Maasdorp, and Sooklal confirmed that it doesn’t want to de-dollarize; and the latter also confirmed that it isn’t anti-Western.

BRICS can still “advance the agenda of the Global South and to build a more inclusive, representative, just, fair global architecture” exactly as Sooklal clarified is its intent in spite of the ‘politically inconvenient’ facts that were just shared, but it’ll be at a gradual pace, not an accelerated one. Therein lies the crux of the misperceptions about it, which Russia sought to correct earlier in the month after finally realizing that its soft power interests are threatened by supporters’ unrealistic expectations.

A critical mass of the AMC came to be convinced that BRICS was something that it’s not through a combination of well-intentioned but naive influencers pushing their wishful thinking about it and others maliciously doing the same to generate clout, promote their ideology, and/or grift. In parallel, some of this camp’s Mainstream Media (MSM) rivals scaremongered about BRICS for the ulterior purpose of galvanizing Westerners against it, but which also extended false credence to the AMC’s populist claims.

Taken together, it’s easy in hindsight to understand why so many people fell for the false narrative that BRICS is plotting to deal a deathblow to the dollar out of hatred for the West, which is why the organization’s officials decided to set the record straight in recent weeks ahead of its next summit. They didn’t want their supporters’ unrealistic expectations leading to deep disappointment that in turn makes them susceptible to hostile suggestions, nor did they want to spook the West into overreacting either.

The first potential outcome that could have come to pass had the previously mentioned clarifications not been made risked filling its supporters with such despair that they might either become apathetic towards BRICS or possibly even turn against it after feeling that they were duped. Regarding the second, some among the West might have ramped up their pressure campaigns against BRICS and its partners, including through blackmail, political meddling, and sanctions threats, all to stop the bloc in its tracks.

After debunking the disinformation that’s been spewed about their organization by the AMC and MSM alike, each in advance of polar opposite agendas but still suspiciously relying on practically identical narratives, BRICS officials are now more confident that these worst-case scenarios can be averted. This reality check sobers their supporters up and prepares them to expect a prolonged transition to multipolarity while also reducing the chances that the West will overreact to their group’s goals.

To elaborate on the last observation, the events of the last eighteen months since the start of Russia’s special operation convinced the West that the global systemic transition to multipolarity is irreversible, which is why they’re now willing to entertain reforms to their hegemonic models. German Chancellor Olaf Scholz, former Director for Europe and Russia at the US National Security Council Fiona Hill, and Goldman Sachs’ President of Global Affairs Jared Cohen all suggested this on the same day in mid-May.

They believe that the West must engage with the Global South on a more equal level, which necessitates scaling back some of its most blatantly exploitative practices in order to not lose more hearts and minds to the SinoRusso Entente. To that end, they’re positively inclined towards accepting gradual changes to the global financial system such as those that BRICS’ officials confirmed that they have in mind, but will resolutely respond to any revolutionary developments that risk drastically accelerating this transition.

Simply put, BRICS wants to “play it safe” because all of its members apart from Russia are in relationships of complex economic-financial interdependence with the West, which isn’t expected to overreact to their piecemeal reforms since their own policymakers now believe that they’re inevitable. Among those four members, two schools of thought predominate as represented by China and India, whose respective differences of vision were explained at length here.

In brief, China wants to speed up the yuan’s internationalization and integrate BRICS into the Belt & Road Initiative (BRI), while India wants to prioritize national currencies and keep BRICS officially separate from BRI. Both agree that changes to the global financial system must be gradual, however, in order to avoid provoking a mutually detrimental overreaction from the West with whom all of them apart from Russia are in relationships of complex interdependence.

Everyone has the right to their own opinion about this reality that was just described, but the facts that were shared throughout this analysis in support of associated observations can’t be denied. Any top influencers among the AMC who still push the debunked narrative about BRICS plotting to deal a deathblow to the dollar out of hatred for the West are dishonest. Those among their audience who now know better should politely fact-check them under their posts to prevent others from being misled.

 

 

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Jul 022023
 


Douglas Percy Bliss High Noon, Windley 1951

 

Kiev Must Show ‘Battlefield Results’ In Next Ten Days – Zelensky (RT)
Ukrainian Counteroffensive Will Be Long And ‘Very Bloody’ – Top US General (Az. )
Ukraine Preparing for Second Stage of Counteroffensive in Zaporozhye Region – Official
Kiev Ready For Talks If It Gains Control Of 1991 Border – Zelensky (TASS)
Ukraine’s Growing Addiction to Foreign Mercenaries (Scott Ritter)
Medvedev Raises Specter Of Poland Using Nuclear Weapons (TASS)
Prigozhin’s Folly (Seymour Hersh)
Orban: ‘Weak Nations Will Perish, Strong Will Survive’ (Sp.)
Sweden Should Reconsider Turmoil It Would Become Part of in NATO – Maloof (Sp.)
Tulsi Gabbard Slams Biden for Nuclear Warmongering (Sp.)
Prices Rising Across The Eurozone (RT)
Gas Prices Fall 50% In Europe (Az.)
Dedollarization Accelerates: Argentina Makes IMF Payment Using Yuan, SDR (Sp.)
US Military Veterans Tell Family Members Not To Enlist – WSJ (RT)
Musk Explains New Twitter Limits (RT)
Twitter’s Rate Limiting Is Temporary (S.I.R.)

 

 

 

 

Macgregor

 

 

 

 

Russian Ministry of Foreign Affairs
https://twitter.com/i/status/1675246410684301314

 

 

 

 

“NATO without Ukraine is not NATO..” ?!

Kiev Must Show ‘Battlefield Results’ In Next Ten Days – Zelensky (RT)

Ukraine wants to make some progress on the battlefield in its counteroffensive against Russia before the upcoming NATO summit, President Vladimir Zelensky said on Friday, although he admitted that this would lead to new losses. Speaking to several Spanish media outlets, the Ukrainian leader stated that Kiev has to “show results” before NATO leaders convene in Vilnius, Lithuania, on July 11, adding that “every kilometer costs lives.” Zelensky noted that “torrential rains… slowed down some processes quite a bit” and reiterated calls for Kiev’s Western backers to continue sending arms to Ukraine. He also claimed that Ukraine’s offensive operations conducted last autumn were undermined by the late arrival of artillery.

“We stopped because we couldn’t advance. Advancing meant losing people and we had no artillery,” he explained. “We are very cautious in this aspect. Fast things are not always safe.” The Ukrainian president also reiterated his long-standing demands that Kiev eventually be admitted to NATO. “NATO without Ukraine is not NATO,” he stated, claiming that there were no other armies on the continent like Ukraine’s that had the same battlefield experience. Zelensky’s comments come after Igor Zhovka, a deputy head of the president’s office, warned that the Ukrainian leader could skip the NATO summit altogether if the bloc did not make a serious commitment to Kiev’s accession. Earlier, Jens Stoltenberg, the head of the US-led military bloc, stated that any discussions about Ukraine’s membership could start only on the condition that it prevails over Russia.

Ukraine launched a large-scale offensive against Russian positions in early June but has failed to gain any ground and has suffered heavy losses, according to the Russian Defense Ministry. Zelensky himself has admitted difficulties, saying that the offensive is proceeding “slower than desired” in the face of “tough resistance” from Russian troops. According to a Financial Times report from earlier this week, Western officials have been unimpressed by Ukraine’s performance on the battlefield, with the paper’s sources noting that long-term Western support for Kiev is contingent on the eventual outcome of the offensive.

Read more …

So start peace talks.

Ukrainian Counteroffensive Will Be Long And ‘Very Bloody’ – Top US General (Az. )

Ukraine’s counteroffensive will be “very difficult” and achieving significant gains could take a long time, a top US military officer has warned, Report informs, citing Yahoo. Army general Mark Milley told the National Press Club in Washington that the counteroffensive was “advancing steadily, deliberately working its way through very difficult minefields … 500 meters a day, 1,000 meters a day, 2,000 meters a day, that kind of thing”.


Mr Milley said he was unsurprised progress was slower than some people predicted. He said: “War on paper and real war are different. In real war, real people die. Real people are on those front lines and real people are in those vehicles. Real bodies are being shredded by high explosives.” Mr Milley added: “What I had said was this is going to take six, eight, 10 weeks, it’s going to be very difficult. It’s going to be very long, and it’s going to be very, very bloody. And no one should have any illusions about any of that.”

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“They are currently trying to confuse our intelligence, so along the entire line of contact on the Zaporozhye front, they are constantly maneuvering and transferring troops.”

Ukraine Preparing for Second Stage of Counteroffensive in Zaporozhye (Sp.)

Ukraine launched its long-advertised counteroffensive in early June after multiple postponements. According to the Russian Defense Ministry, Ukrainian troops continue to try but are failing to advance along three directions: South Donetsk, Artemovsk (Bakhmut) and Zaporozhye, the latter being of primary focus. Ukrainian troops are preparing to attempt the second stage of a large-scale counter-offensive in the Zaporozhye region in the coming days, Vladimir Rogov, a senior official of the Zaporozhye regional administration, told Sputnik.

“The enemy is already prepared for the second stage of a full-scale offensive. It can start any day, at any moment. They are currently trying to confuse our intelligence, so along the entire line of contact on the Zaporozhye front, they are constantly maneuvering and transferring troops. This is being done in order to hide the location of the main forces,” Rogov explained. He added that Ukrainian forces could concentrate the main blow for a breakthrough at any location of the front line. “Over the past four weeks, they have conducted the maximum number of attempts at reconnaissance in combat, offensive options, breakthroughs, studying our reaction and interaction of units, plus regular shelling of our rear in order to hit infrastructure facilities – bridges, transport hubs, units, depots with equipment and ammunition, airfields,” Rogov told Sputnik.

Russia launched its special military operation in Ukraine in February 2022, after the Donetsk and Lugansk people’s republics appealed for help in defending themselves against Ukrainian provocations. In response to Russia’s operation, Western countries have rolled out a comprehensive sanctions campaign against Moscow and have been supplying weapons to Ukraine. On September 30, 2022, Russian President Vladimir Putin and the heads of the Donetsk and Lugansk people’s republics, as well as Kherson and Zaporozhye regions, signed agreements on the accession of these territories to Russia, following referendums that showed that an overwhelming majority of the local population supported becoming part of Russia.

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aka never no talks.

Kiev Ready For Talks If It Gains Control Of 1991 Border – Zelensky (TASS)

The government in Kiev will be ready to hold talks to end the conflict in Ukraine if its armed forces gain control of the borders that the country believes are recognized internationally, Ukrainian President Vladimir Zelensky said at a joint news conference with Spanish Prime Minister Pedro Sanchez on Saturday. These borders would include the Crimea, Donbass and the Zaporozhye and Kherson regions, the president said, when asked if Ukraine would be ready for talks if its troops regained control of the positions they had held before Russia started its special military operation in February 2022.


“Are we ready for diplomatic settlement and what kind of diplomatic settlement are we ready for if we’re at the borders as of February 24?” Zelensky said, repeating a question from a reporter, according to a video of the news conference that he posted to Telegram. “It wasn’t our borders on February 24, it was a line of engagement,” he went on to say. “And so we emphasize once again: Ukraine will be ready for some format of diplomacy when we are really on our borders, on our real borders according to international law.” Zelensky also brought up the issue of the country’s much-desired NATO membership. He said he believes that there is every reason for the alliance to invite the country to join when the bloc convenes for a summit in Vilnius on July 11-12. He said he was expecting a clear signal in this context.

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“..not only are they legitimate targets under the laws of war, but also the fact that they themselves most likely lack any protections under international humanitarian law..”

Ukraine’s Growing Addiction to Foreign Mercenaries (Scott Ritter)

A Russian missile strike on a popular restaurant in the city of Kramatorsk has set off a wave of discussion over the presence of foreign military personnel in Ukraine. The Russian Ministry of Defense has described the target as a gathering place for the command and officers of the 56th Separate Motorized Infantry Brigade of the Ukrainian army and claims to have killed scores of Ukrainian soldiers—and foreign mercenaries. While the Ukrainian government has not made any mention of the presence of foreign volunteers/mercenaries at the Del Rio Pizzeria, video from the scene of the attack shows numerous personnel in uniform, many of whom are obviously foreigners, congregated at the scene, providing first aid, and helping rescue victims.

The presence of military vehicles near the destroyed restaurant reinforces the Russian contention that there was a congregation of military personnel at the time of the attack. This would appear to lay to rest any question about the legality of the Russian strike—it conformed with the accepted precepts set forth under the laws of war. The legal status of the foreign personnel working alongside the Ukrainian army is not so certain. The fact that many are dressed in camouflage uniforms and engage in social media activity which advertises the military/paramilitary aspects of the work they are engaged in only reinforces the reality that not only are they legitimate targets under the laws of war, but also the fact that they themselves most likely lack any protections under international humanitarian law when it comes to being treated as lawful combatants.

The lack of legal status, however, does not appear to serve as a deterrent for the scores of foreign soldiers of fortune that had congregated at the Del Rio Pizzeria, or the thousands of others who, like them, had travelled to Ukraine to participate in a war with Russia that is entering its sixteenth month, and which has taken the lives of hundreds of thousands of people, most of whom are combatants fighting on the side of Ukraine. The presence of these foreigners in such numbers under such conditions is suggestive of two unescapable realties: that there is a high demand for their services, and that foreign governments are actively facilitating the availability of personnel possessing skill sets attractive to the Ukrainian military.

An examination of the 56th Motorized Infantry Brigade might provide better insight into both the role played by the foreigners that had been congregated in Kramatorsk, and the scope and scale of their involvement. When the Special Military Operation began, the 56th Brigade was stationed in Mariupol, and was in the process of transitioning into a naval infantry (Marine) unit. The brigade was largely destroyed in the subsequent fighting for the city, and the surviving remnants reconstituted using mobilized personnel from the territorial forces. Most recently, the 56th Brigade was operating in the vicinity of the city of Bakhmut, where once again it suffered heavy casualties.

Read more …

“US National Security Council Strategic Communications Coordinator John Kirby [..] underscored that the United States saw no Russian intentions to use nukes amid the Ukraine crisis.”

Medvedev Raises Specter Of Poland Using Nuclear Weapons (TASS)

The potential deployment of nuclear weapons to Poland may prompt the country to use them, Russian Security Council Deputy Chairman Dmitry Medvedev told TASS. Commenting on Poland’s ambitions to take part in NATO’s Nuclear Sharing program, he said, “The only danger arising from the request to deploy nuclear weapons to Poland is that such weapons will be used.” Earlier, Polish Prime Minister Morawiecki announced that Warsaw would like to join NATO’s Nuclear Sharing program amid Russia’s intentions to deploy tactical nuclear weapons to Belarus. Speaking during an online press briefing on Friday, US National Security Council Strategic Communications Coordinator John Kirby said that he has absolutely nothing to say about this kind of negotiations. However, he underscored that the United States saw no Russian intentions to use nukes amid the Ukraine crisis.


On March 25, Russian President Vladimir Putin announced that, at Minsk’s request, Moscow would deploy its tactical nuclear weapons in Belarus, similar to what the United States has long been doing on the territory of its allies. Moscow has already provided Minsk with Iskander tactical missile systems capable of carrying nuclear weapons and has helped Minsk to re-equip its military aircraft to carry specialized weapons. As well, Belarusian missile crews and pilots have undergone training in Russia. On June 16, Putin said that the first Russian nuclear warheads had already been delivered to Belarus, while the rest would arrive before the end of this year. On June 23, Belarusian leader Alexander Lukashenko said that his republic had already received a substantial portion of warheads that were planned to be delivered.

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“..He is, after all, no matter how cunning financially, an ex-hot dog cart owner with no political or military accomplishments.”

Prigozhin’s Folly (Seymour Hersh)

[..] below is a look at what is really going that was provided to me by a knowledgeable source in the American intelligence community: “I thought I might clear some of the smoke. First and most importantly, Putin is now in a much stronger position. We realized as early as January of 2023 that a showdown between the generals, backed by Putin, and Prigo, backed by anti-Russian extremists, was inevitable. The age-old conflict between the ‘special’ war fighters and a large, slow, clumsy, unimaginative regular army. The army always wins because they own the peripheral assets that make victory, either offensive or defensive, possible. Most importantly, they control logistics. special forces see themselves as the premier offensive asset. When the overall strategy is offensive, big army tolerates their hubris and public chest thumping because SF are willing to take high risk and pay a high price. Successful offense requires a large expenditure of men and equipment. Successful defense, on the other hand, requires husbanding these assets.

“Wagner members were the spearhead of the original Russian Ukraine offensive. They were the ‘little green men’. When the offensive grew into an all-out attack by the regular army, Wagner continued to assist but reluctantly had to take a back seat in the period of instability and readjustment that followed. Prigo, no shy violet, took the initiative to grow his forces and stabilize his sector. “The regular army welcomed the help. Prigo and Wagner, as is the wont of special forces, took the limelight and took the credit for stopping the hated Ukrainians. The press gobbled it up. Meanwhile, the big army and Putin slowly changed their strategy from offensive conquest of greater Ukraine to defense of what they already had. Prigo refused to accept the change and continued on the offensive against Bakhmut. Therein lies the rub. Rather than create a public crisis and court-martial the asshole [Prigozhin], Moscow simply withheld the resources and let Prigo use up his manpower and firepower reserves, dooming him to a stand-down. He is, after all, no matter how cunning financially, an ex-hot dog cart owner with no political or military accomplishments.

“What we never heard is three months ago Wagner was cycled out of the Bakhmut front and sent to an abandoned barracks north of Rostov-on-Don [in southern Russia] for demobilization. The heavy equipment was mostly redistributed, and the force was reduced to about 8,000, 2,000 of which left for Rostov escorted by local police. “Putin fully backed the army who let Prigo make a fool of himself and now disappear into ignominy. All without raising a sweat militarily or causing Putin to face a political standoff with the fundamentalists, who were ardent Prigo admirers. Pretty shrewd.” There is an enormous gap between the way the professionals in the American intelligence community assess the situation and what the White House and the supine Washington press project to the public by uncritically reproducing the statements of Blinken and his hawkish cohorts.

The current battlefield statistics that were shared with me suggest that the Biden administration’s overall foreign policy may be at risk in Ukraine. They also raise questions about the involvement of the NATO alliance, which has been providing the Ukrainian forces with training and weapons for the current lagging counter-offensive. I learned that in the first two weeks of the operation, the Ukraine military seized only 44 square miles of territory previously held by the Russian army, much of it open land. In contrast, Russia is now in control of 40,000 square miles of Ukrainian territory. I have been told that in the past ten days Ukrainian forces have not fought their way through the Russian defenses in any significant way. They have recovered only two more square miles of Russian-seized territory. At that pace, one informed official said, waggishly, it would take Zelensky’s military 117 years to rid the country. of Russian occupation.

Read more …

“Brussels is calling for mandatory migrant quotas once again. The Soros-empire strikes back..”

Orban: ‘Weak Nations Will Perish, Strong Will Survive’ (Sp.)

Hungary must strengthen its own defense capabilities and law enforcement agencies, as the time will come when weak nations will perish, and only the strong ones will remain, Hungary’s Prime Minister Viktor Orban said on Saturday. “We need a strong country, a strong government, a strong economy, a strong army and, last but not least, strong law enforcement agencies… We have to train and equip ourselves,” Viktor Orban declared at a graduation ceremony at the Faculty of Law Sciences of the National University of Public Administration (NKE) in Budapest. 166 students of the Faculty of Law Enforcement were taking their oath of office at the event attended by Orban, Minister of the Interior Sandor Pinter, and Minister of National Defense Kristof Szalay-Bobrovniczky.

The prime minister warned that the world is experiencing tremendous upheavals, and “strong people are greatly needed, because the truth is worth little without strength.” Orban emphasized that Hungary must face up to the challenge that thousands of migrants from the south are “besieging our borders.” In June, Viktor Orban had slammed the European Union’s newly-adopted quotas for the equitable resettlement of migrants from the Middle East and across the Mediterranean Sea in EU member states. “Brussels is calling for mandatory migrant quotas once again. The Soros-empire strikes back,” Orban tweeted at the time. Addressing graduates on Saturday, the Hungarian PM emphasized that crime levels had gone down in the country, and today, “Hungary is one of the safest countries in Europe, or perhaps the safest,” and we are all proud of that.

As far back as in 2019, Viktor Orban has been urging the need for Hungary to beef up its military to defend itself. “I belong among those who consider NATO important, but I don’t think Hungary’s military security can be based on NATO… We need to be able to avert attacks with our own power,” Orban told US media at the time. Orban also advocated for Europeans to be able to address security threats without US assistance. In 2022, the PM said that Hungary will speed up its defense development program to “radically increase our defense capabilities.” He also emphasized that his country would not only refrain from supplying weapons to its neighbor, Ukraine, after the conflict there escalated, but would not permit such deliveries to transit through Hungarian territory.

This was a matter of national security, Peter Szijjarto, minister of foreign affairs, underscored. On May 2-23, Hungary blocked the European Union from allocating its eighth €500 million aid package from the so-called European Peace Fund to pay for military assistance to the Kiev regime. Orban has insisted that the ongoing hostilities stem from a “failure of diplomacy.” The politician has also offered especially harsh criticism of the European Union’s aggressively anti-Russian policies. Rather than pursuing a strategy of further ramping up tensions, the veteran Hungarian leader urged an immediate end to escalation by the West.

Read more …

“.. Sweden has traditionally been unaligned and that “neutrality was important for Sweden before,” adding that “ought to remain that way.”

Sweden Should Reconsider Turmoil It Would Become Part of in NATO – Maloof (Sp.)

Ankara and Stockholm already have a rocky relationship as the Scandinavian state seeks to join the NATO alliance, but Turkiye has conditioned its assent for Sweden’s admission based on the ending of its support for Kurdish nationalist groups that Ankara considers terrorist organizations. Michael Maloof, a former senior security policy analyst in the US Office of the Secretary of Defense, told Sputnik that both Sweden and NATO should consider what benefit is gained by adding the Scandinavian state to the alliance, especially given the kind of tensions that further NATO expansion to the East is likely to create in the region. Maloof explained that NATO’s policy “seems to be to contain Russia at all costs, never mind anybody else and what their political considerations might be.

“I think it’s been damaging for Europe generally to have this kind of an expansion. It certainly has alarmed [Russian President Vladimir] Putin to the point that he basically said ‘it’s a red line if you do it in Ukraine,’ and they attempted that, and we saw the reaction, it had to do with fundamental security.” “The United States does not appreciate the sensitivities and the security concerns, historically, of Russia, and previous to that in the Soviet Union. When the Cold War was over, NATO expanded, but the Warsaw Pact went away. And so that raises a very serious question: what’s the point and purpose of NATO’s continued existence? Before [the conflict in] Ukraine, they were looking around for a new purpose. We had them looking into space, looking at the Arctic, NATO officials now are looking into the Asia-Pacific.

What is that? What’s that all about? What’s the point? It really raises questions about what the concerns are, really, about dominance and the need by the United States and using NATO as a basis to extend its hegemony everywhere – and at what cost,” Maloof said. The former Pentagon official noted that Sweden has traditionally been unaligned and that “neutrality was important for Sweden before,” adding that “ought to remain that way.” Stockholm already has its own security arrangements with other Scandinavian countries separate from the NATO alliance, and expanding that to include 31 other states across Europe “can have repercussions.”

Read more …

RFK Jr.’s running mate?

Tulsi Gabbard Slams Biden for Nuclear Warmongering (Sp.)

Former US presidential contender and ex-lawmaker Tulsi Gabbard has accused US President Joe Biden of pushing the world to the brink of a possible nuclear war as the Ukrainian conflict continues to escalate. “We are faced with the reality. Now, President Biden’s actions and policies have pushed us to the brink of nuclear war. This is an existential crisis, not only for us here, but the world. This proxy war against Russia using the Ukrainian people’s lives continues to escalate,” Gabbard said on Saturday at a meeting in a university in Centennial, the US state of Colorado, which was broadcast on her social media.

The politician also said that NATO’s weapons delivery to Ukraine would “only increase the likelihood” of a possible direct confrontation between the United States, NATO member states and Russia. “Now if you hear President Biden and his administration … talk about this, they talk about World War III and nuclear war as though it is just another war, just another conflict … it is so far removed from the reality … they are not being honest with the American people what the cost and consequences of these wars would look like,” Gabbard added.

Western countries have been providing financial, humanitarian and military support to Ukraine since the start of Russia’s military operation in February 2022. The support evolved from lighter artillery munitions and training in 2022 to heavier weapons, including tanks, later that year and in 2023. Russia has been warning countries giving weapons to Ukraine that it sees military shipments as legitimate targets. Moreover, Russian Foreign Minister Sergey Lavrov has said that NATO allies’ arming and training Ukrainians is tantamount to a direct involvement in the conflict.

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This caught my eye: As “core inflation” rose over 5%, gas prices were cut in half. Odd.

Prices Rising Across The Eurozone (RT)

Core inflation in the euro area accelerated and stayed stubbornly high in June, a preliminary reading revealed on Friday. Head inflation in the 20 countries that share the euro hit 5.5% this month, coming in slightly lower than analyst projections. But core inflation, which excludes energy and food, remained high and surged to 5.4% as price growth in the service sector also rose to 5.4%, up from 5.0% recorded in April. “The core rate is likely to remain well above the 5% mark in the next months which will [require] further rate hikes by the ECB,” said Ulrike Kastens, an economist for Europe at DWS.


Although the Eurozone’s core inflation eased somewhat from 5.6% in April to 5.3% in May, the latest deterioration may eclipse an improvement in the headline inflation gauge, economists warn. “Base effects and statistical distortions are likely to keep the core reading elevated over the next couple of months and see the ECB hiking at least until September,” said Bloomberg’s senior economist, Maeva Cousin. Consumer price growth will be closely monitored by the European Central Bank, which hiked interest rates to their highest level in 22 years on June 15. The regulator moved the benchmark rate by 25 basis points to 4%, in a ninth consecutive rate hike.

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“..abnormally warm weather, high level of gas in storage facilities and reduced demand for gas in the EU..”

Gas Prices Fall 50% In Europe (Az.)

The price of gas in Europe in January-June 2023 fell by half, to about $425 per 1,000 cubic meters, Report informs via TASS. The main factors behind this decline were abnormally warm weather, high level of gas in storage facilities and reduced demand for gas in the EU. On December 30, 2022, gas futures were trading at about $845 per 1,000 cubic meters, but on June 30, 2023, trading closed at $425 – 50% lower compared to the beginning of the year.

Read more …

And the IMF accepts it.

Dedollarization Accelerates: Argentina Makes IMF Payment Using Yuan, SDR (Sp.)

The US dollar, which has enjoyed the status of de facto world reserve currency since 1945, has come under growing strain as countries search for alternatives amid Washington’s efforts to use its financial might to bully and sanction adversaries into submission. Argentina made a loan repayment to the International Monetary Fund worth the equivalent of $2.7 billion “without using dollars” on Friday, using Chinese yuan and special-drawing rights notes (the IMF reserve asset based on a basket of five currencies – the yuan, the euro, the dollar, the yen, and the pound) instead. Argentina’s Economy Ministry said the payment – the first ever of its kind by Buenos Aires, was made in yuan and SDRs to hang on to dwindling dollar reserves in the Argentinian Central Bank’s coffers.

The Latin American nation, which is in the grip of a major economic and debt crisis, has turned to yuan as one means to help stabilize the situation, signing a 130 billion yuan ($19 billion) currency swap agreement with Beijing in April amid plummeting agricultural exports caused by an unprecedented drought, which has already caused $20 billion in damage. Argentina and the IMF reached an agreement in 2022 to restructure the nation’s $44 billion debt. The IMF had approved a $57 billion loan to the administration of now former President Mauricio Macri in 2018, with current President Alberto Fernandez left to clean up the consequences of what he has dubbed “reckless,” “toxic and irresponsible” borrowing.

After his election in 2019, Fernandez asked the IMF not to move forward with transferring the remainder of the loan amount, citing a dearth of dollars in the nation’s coffers to pay it back with. Argentina’s economic crisis has resulted in inflation topping 110 percent, and poverty reaching 40 percent of the population, even as GDP continues to grow, rising 1.3 percent year-on-year in the first quarter of 2023. International reserves have dwindled to about $28 billion, their lowest since 2016.

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“..her father returned from a deployment to Afghanistan. During the nightly fireworks show, he cowered in a fetal position while his family looked on.”

US Military Veterans Tell Family Members Not To Enlist – WSJ (RT)

The US military’s recruiting woes have reportedly intensified as current and former troops increasingly advise their family members against enlistment, weakening a tradition of multi-generation service that has historically been the nation’s primary source of new soldiers. Veterans have soured on recommending that loved ones follow in their footsteps in the face of a tight labor market and rising concerns over low pay, debilitating injuries, suicides, and indecisive wars, the Wall Street Journal reported on Friday. The recruiting crisis also comes amid controversy over the Pentagon’s prioritization of left-wing issues, such as transgenderism and critical race theory.

The sudden end of the Afghanistan war in August 2021 added to the consternation of some current or former troops, such as US Navy veteran Catalina Gasper, the WSJ said. “We were left with the gut-wrenching feeling of, ‘What was it all for?’” said Gasper, who still suffers from a traumatic brain injury incurred during a Taliban attack on her base in Kabul. She vowed to do all she could to make sure her children never join the military. “I just don’t see how it’s sustainable if the machine keeps chewing up and spitting out” our young people.

Likewise, US Air Force officer Ernest Nisperos decided that he did not want his children to join the military after realizing the toll that his deployments took on him. One of his daughters, Sky Nisperos, said that after years of dreaming about following her father and grandfather into military service, she would instead become a graphic designer. One event that stuck in her mind came during a 2019 family trip to Disneyland after her father returned from a deployment to Afghanistan. During the nightly fireworks show, he cowered in a fetal position while his family looked on.

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The video and the Twitter thread below explain what is happening. It’s serious. Twitter must protect itself and its users.

Musk Explains New Twitter Limits (RT)

Twitter owner Elon Musk announced on Saturday that users of the platform will be limited to viewing a maximum of 8,000 posts per day, claiming that the measure would cut down on “data scraping and system manipulation.” Musk’s announcement came hours after Twitter users around the world found themselves unable to view their timelines or read comments under tweets. “To address extreme levels of data scraping & system manipulation, we’ve applied the following temporary limits,” Musk tweeted, explaining that verified accounts would be limited to reading 6,000 posts per day, unverified accounts to 600 posts per day, and new unverified accounts to 300 per day. Shortly afterwards, Musk posted an update saying that the limits would be increased to 8,000, 800, and 400 respectively. He did not say for how long the “temporary” limits would remain in force.

Since purchasing Twitter for $44 billion last October, Musk has repeatedly promised to clamp down on non-human use of the platform, for example by data-mining companies. As of Friday, Twitter has not been viewable to anyone without an account, a decision that Musk said was made as “several hundred organizations (maybe more) were scraping Twitter data extremely aggressively, to the point where it was affecting the real user experience.” Concurrently, Musk has been encouraging users to shell out for verification, which costs $8 per month. The prospect of ten times more tweets, however, has not gone down well with users, and as of Saturday evening, “#RIPTwitter” and “Goodbye Twitter” were trending topics in the US.

American whistleblower Edward Snowden explained that he could no longer use Twitter effectively as, for security reasons, he often browses the platform without logging in. Other users who follow breaking news stories on Twitter – for example updates from the conflict in Ukraine – complained that even when verified they burn through their allocated tweets in a matter of hours. It remains unclear whether Musk will keep the new restrictions in place. Shortly after purchasing Twitter last year, the billionaire said that he would end up doing “lots of dumb things” in his bid to overhaul the platform, and would “keep what works and change what doesn’t.”

Scraping

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Twitter thread.

Twitter’s Rate Limiting Is Temporary (S.I.R.)

Some people asked me to share what I just shared in a space about the rate limits. I don’t work for Twitter but, I do architect IT cloud solutions as my day job. It is temporary. Twitter’s rate limiting is not what everyone is thinking it is. It is not to punish non-paying users. “Data scraping” is a big deal. This is where automated systems load the website or app and pull your tweets/data. It’s a huge security issue. Automated systems are pulling every tweet/word/user account information to store in an unknown database somewhere else. This could be state actors like China, the US Government, Australia, or other bad political actors like PAC’s that are trying to gain access to everyone’s information to analyze and use for nefarious things.

Manipulating what is said on the site can be done at scale with data scrapping. It could also be used to figure out the identity of Anons or to punish people in their country for what they tweet. Looking at you #Australia and #Canada and #UnitedKingdom. The temporary measures of limiting tweets is to protect users just as much as it is to protect the entire Twitter network from going down. They are currently scrambling to get ahead of this and tune their network security to block it from happening again. It’s also important to note that twitter has 500,000+ servers. That’s not free. In cloud data centers, the companies that use them have to pay for what is called “ingress and egress” of data going “in and out” of the servers.

A data scrapping event that is large enough for them to start limiting means that it was a MASSIVE event that could be considered an attack on the site. It would also put massive load on their servers and cost them so much money it could threaten the site’s financial ability to keep running. It could be on purpose to put twitter out of business from cost alone. Many people are misunderstanding why @elonmusk wants people to pay for twitter or for the twitter API (a programming interface that can pull data for other sites and apps). The reason he wants people to pay is because if China or porn companies want to create massive bot farms of fake accounts, it is currently free.

These bad actors are highly skilled and operate like a business. They have professional staff that continuously change their tactics and Twitter engineers have to fight 24/7 to stay ahead of them. If they have to pay for every account or pay to use the API, it would cost them A LOT of money. This limits the amount of people who could create bots, put automated porn on here, and the hacking/scrapping/DDOS attacks on the site. It protects you. It also guarantees twitter will continue to exist without bloating it with tons of ads. This is all a part of the plan to create a free-speech place we can enjoy without being controlled by outside actors or advertising companies. I know $8 is a lot to some people but, it is for many reasons. None of the reasons are to hurt or punish people.

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SoF

 

 

 

 

Cat

 

 

 

 

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

 

 

 

 

 

Mar 222023
 
 March 22, 2023  Posted by at 8:50 am Finance Tagged with: , , , , , , ,  52 Responses »


Rene Magritte Memory 1948

 

Ukraine Planning Major Attack On New Russian Territories – Bild (RT)
Republicans Demand Cluster Munitions For Ukraine (RT)
Putin Warns UK Against Plan To Supply Depleted Uranium To Ukraine (RT)
Russia Urges OPCW To Heed Info On Chemical Weapons At Kramatorsk – Envoy (TASS)
Ukraine Afraid To Criticize China – Politico (RT)
United States Trying To Paint Russia As An Enemy – Patrushev (TASS)
Direct Conflict Between NATO, Russia To Lead To World War – Hungary FM (TASS)
Hungary Blocks Joint EU Statement On Putin’s ICC Arrest Warrant (RT)
Hungary Gives Ukraine EU, NATO Membership Ultimatum (RT)
US/Russia/China Standoff Big Opportunity For Second-tier Powers (Bordachev)
US Does Not Let Ukraine Even Consider Negotiating – Moscow (RT)
Russia Ready To Switch To Yuan In Foreign Trade – Putin (RT)
Switzerland Risks Becoming ‘Financial Banana Republic’ – Industry Expert (RT)
Indonesia To Ditch Visa And Mastercard (RT)
Alvin Bragg Prepares the Ultimate Frankenstein Indictment (Turley)
Alvin Bragg Caught Hiding Nearly 600 Pages Of Exculpatory Evidence (GP)
Trump to Be Indicted Wednesday, Arraignment Next Week (GP)

 

 

 

 

Nap McGovern

 

 

 

 

Kirby
https://twitter.com/i/status/1638236804905070602

 

 

 

 

Debt

 

 

Djokovic

 

 

 

 

 

 

“..Kiev’s backers are reportedly providing it with intelligence data as well as training, logistical support and weapons..”

Ukraine Planning Major Attack On New Russian Territories – Bild (RT)

Russia and Ukraine and are approaching a decisive period in their conflict, with Kiev aiming to sever the Russian land bridge to Crimea this spring, Germany’s Bild newspaper has reported. The tabloid cited an anonymous NATO source who claimed the bloc is providing Ukraine with everything it needs to retake its former territories. In a report on Tuesday, Bild quoted a “leading” NATO official as stating that the alliance’s analysts expect the conflict to reach a climax in the spring and summer. The official expressed confidence that heavy weaponry being delivered to Ukraine will be brought to bear in several counteroffensives as early as May. “The coming six months will be a key period in the war not only for Ukraine, but also for the allies,” the unnamed source predicted.

While refusing to go into detail regarding planned operations, the official asserted that Ukrainian forces will focus their efforts on the regions of Zaporozhye and Lugansk. The main objective of the offensives will be to “sever the land bridge to Crimea,” the NATO source added. The official claimed that Ukraine is likely to mount counteroffensives in other regions as well, which will either be genuine or merely serve as distractions to preoccupy the Russian military. According to the Bild report, NATO is not ruling out a scenario in which Ukraine would attempt to retake Crimea, which joined Russia in 2014 following a referendum. “Kiev has the right to recapture all Ukrainian territory,” the official insisted.

In an effort to ensure the new offensives are successful, Kiev’s backers are reportedly providing it with intelligence data as well as training, logistical support and weapons. Speaking to the Polish newspaper Rzeczpospolita on Monday, Czech President Petr Pavel said that the “window of opportunity” for Ukraine would only be open until the end of this year. The former general, who served as chair of the NATO Military Committee until 2018, argued that with elections approaching in the US in 2024, Washington is likely to reduce defense aid to Ukraine. Pavel said he expected European nations to follow suit. “Ukraine will only have one attempt to launch a major counteroffensive,” the Czech president claimed, adding that should this effort fail, “it will be extremely difficult to obtain funds for the next one.”

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Cluster munitions and depleted uranium. What is wrong with us?

Republicans Demand Cluster Munitions For Ukraine (RT)

Four Republican congressmen have entreated US President Joe Biden to send cluster munitions, a controversial weapon banned in 110 countries, to Ukraine, dismissing concerns about escalating the conflict as misplaced in a letter to the White House on Tuesday. The Biden administration shouldn’t hesitate to send cluster munitions – specifically dual purpose improved conventional munitions (DPICM) – because of “vague concerns about the reaction of allies and partners and unfounded fears of ‘escalation’,” Sen. James Risch (R-Idaho), Sen. Roger Wicker (R-Mississippi), Rep. Michael McCaul (R-Texas), and Rep. Mike Rogers (R-Alabama) wrote in their letter. After all, they said, other countries have already sent such weapons without triggering Russian retaliation.

Acknowledging the weapons’ horrific effects, the signatories argued that while Ukrainian leaders are “aware of the risks to non-combatants,” the “existential threat posed by Russia’s invasion and daily acts of barbarity” is more important. Additionally, they claimed, “d,” US DPICM are equipped with “technologically advanced measures” that limit collateral damage. A 2008 UN treaty banned cluster munitions in 110 countries, including three-quarters of NATO member nations. It has been signed by another 13 countries, though neither Russia, Ukraine, nor the US are on that list. Ukraine is the only country where the deadly devices are currently in use, and both sides have been accused of deploying them in the conflict.

Aside from one attack in Yemen in 2009, the US has not used cluster munitions since it invaded Iraq in 2003 and has not produced any since 2016. Central Command has admitted the hundreds of smaller bombs they contain are often left unexploded across the strike area, posing risks similar to landmines to anyone – especially children – who encounter the odd-looking little “petal mines.” While the White House initially balked at Kiev’s request for DPICMs in December, it stopped short of a hard “no,” and the issue is reportedly still under consideration if the US runs out of available ammunition to ship overseas.

In April, 27 members of Congress denounced Russia’s alleged use of cluster munitions, calling them “barbaric and indiscriminate weapons” and urging Biden to join the UN convention. The current policy, they said, was “wholly unacceptable given what we know about the immediate and long-term damage done to societies on which they are deployed.” While the Republican Party’s 2022 campaign platform stressed curtailing the Biden administration’s blank check to Kiev, the Pentagon announced another $350 million in weapons just this week, to be drawn from the US’ own stockpiles.

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Opening the door to radioactive material.

Putin Warns UK Against Plan To Supply Depleted Uranium To Ukraine (RT)

Russian President Vladimir Putin has warned London against the planned delivery of depleted uranium (DU) armor-piercing tank rounds to Ukraine, saying the weapons will be treated by Moscow as containing “nuclear components.” Putin commented on British plans to include DU munitions in a forthcoming delivery of Challenger 2 main battle tanks as he spoke alongside Chinese President Xi Jinping following talks in Moscow on Tuesday. “I would like to note that if this happens, then Russia will be forced to react accordingly, bearing in mind that the collective West has already started to use weapons with a nuclear component,” he stated. A similar warning was issued by Russian Defense Minister Sergey Shoigu on the sidelines of the Russia-China talks, who said the move would bring the world yet another step closer to a nuclear disaster.

“Another step has been taken, and there are fewer and fewer left,” Shoigu told reporters. The looming delivery was announced on Monday by Annabel Goldie, the UK minister of state at the Ministry of Defence, as she responded to a written inquiry on the matter. She confirmed the plans to deliver DU rounds to Kiev, lauding them as a highly effective weapon. “Alongside our granting of a squadron of Challenger 2 main battle tanks to Ukraine, we will be providing ammunition including armor-piercing rounds which contain depleted uranium. Such rounds are highly effective in defeating modern tanks and armored vehicles,” Goldie said. The DU munitions have long been the subject of international controversy, with critics of their use highlighting the toxicity and radioactivity of the material. Depleted uranium is used to make the hardened cores of armor-piercing rounds, excelling in this role due its high density. The round’s core evaporates on impact, turning into aerosol and contaminating the environment with uranium.

The UN has already expressed alarm over the UK plans. Farhan Haq, a spokesman for Secretary-General Antonio Guterres, told a media briefing that the international body had long voiced concerns about the consequences of DU use, as well as about those who supply such weaponry. These munitions were actively used by NATO during the First Gulf War, as well as during the bloc’s aggression against former Yugoslavia, both in the form of tank and aircraft artillery shells. The use of the munitions was acknowledged by NATO in a 2000 report, with the US-led bloc revealing that it had used some 10 metric tons of the material in Yugoslavia – and 300 metric tons in Iraq. The report acknowledged that the material poses a threat due to its toxicity in an “aerosol form,” but insisted the DU was not “particularly highly radioactive.”

Putin DU
https://twitter.com/i/status/1638213480787456002

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The OPCW has shown which side it’s on.

Russia Urges OPCW To Heed Info On Chemical Weapons At Kramatorsk – Envoy (TASS)

Russia urged member states of the Organization for the Prohibition of Chemical Weapons (OPCW) to pay serious attention to the information on Ukrainian Neo-Nazis plotting a provocation with chemical weapons in Kramatorsk, Russia’s Permanent Representative at the OPCW and Ambassador to the Netherlands Alexander Shulgin told an online briefing on Tuesday. “Much attention [at the OPCW Executive Council’s session] was paid to the issue of the threat of a chemical provocation in Ukraine. We fully used the materials of the briefing by Chief of the [Russian] Radiation, Chemical and Biological Protection Troops Igor Kirillov and reported about Ukrainian nationalists’ preparations for chemical provocations at the factory in the area of the city of Kramatorsk on Ukrainian territory,” the envoy said.


The report pointed to “hazardous chemicals and actually the US Army’s service weapons BZ of psychotropic effect,” Shulgin said. “We called on the member states to pay serious attention to this information and make relevant conclusions,” he said. The Americans together with their allies denied all these facts and “tried to present the situation in a way that allegedly Russia was on the point of using chemical weapons,” the envoy pointed out. The Russian side responded by rejecting all these accusations, he said. “We cited facts to show that the Americans can hardly teach us how to treat the chemical convention. We gave a long list of wrongdoings by the Americans who themselves breach the chemical convention,” Shulgin stressed, recalling that the United States had “secretly destroyed chemical munitions from the arsenals of Saddam Hussein in Iraq” and citing other facts.

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“Beijing criticized Russia for sending troops into Ukraine, but also blamed the US and NATO’s expansion in Europe for triggering the crisis.”

Ukraine Afraid To Criticize China – Politico (RT)

Ukraine has refrained from criticizing China over its close ties with Russia in the hope of attracting future investment from Beijing, Politico has claimed. This stance comes in stark contrast to the angry tirades that Kiev has directed at the likes of Hungary and Germany for their perceived lack of anti-Russian zeal, according to the media outlet. In an article on Tuesday, Politico reported that besides the desire for Chinese investment, Ukrainian President Vladimir Zelensky is seeking to maintain lucrative trade relations with the Asian economic powerhouse, and is eyeing Beijing as a potential mediator in the conflict with Russia.

The media outlet quoted Aleksandr Merezhko, the head of the Ukrainian parliament’s foreign policy committee, as explaining: “There is fear that if we start criticizing China more harshly, Beijing will use it as an excuse to strengthen its aid to Russia, and even start providing military aid.” Beijing has consistently rejected claims that it intends to offer lethal aid to Moscow, and has accused Washington of “spreading false information” by alleging that China is weighing up weapons deliveries. Last month, China put forward its own peace proposal on the first anniversary of the conflict in Ukraine. Politico noted that Zelensky reacted to Beijing’s 12-point plan by saying that his country “can work on it with China.”

This response was in marked contrast to the way Ukraine’s Western backers dismissed the proposal out of hand, according to the media outlet. Merezhko argued that Zelensky’s current strategy toward Beijing is prudent, though he holds out “little hope of real help from China.” At present, relations between Kiev and Beijing have reached crisis point, the official told Politico. Merezhko cited China’s consistent refusal to distance itself from Russia, as well as the fact that Ukraine “has clearly chosen the path of Euro-Atlantic integration.” This effectively pits Kiev against Beijing, Merezhko argued.[..] Beijing criticized Russia for sending troops into Ukraine, but also blamed the US and NATO’s expansion in Europe for triggering the crisis.

Xi 100 years
https://twitter.com/i/status/1638254349817114662

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Trying?!

United States Trying To Paint Russia As An Enemy – Patrushev (TASS)

The United States and its minions are trying to turn the world against Russia by sowing hatred against the country and attempting to discredit it, Russian Security Council Secretary Nikolay Patrushev said on Tuesday. Patrushev noted that an independent Russia, which defends the interests of a multipolar and just world, “does not suit the United States, which hides behind its own made-up theory of American exceptionalism, as it has gotten used to toying with the norms of international law, dictating to and imposing its own values and terms on the rest of the world, to have vassals instead of partners.” “That is why, by painting Russia as the enemy, the United States and its minions are sowing hatred towards our country and its people, are trying to discredit the Russian world and force the international community into a confrontation with our country,” he added.

“Toward that end, all manner of dirty, vile methods for conducting information warfare are being utilized: bald-faced lies, baseless and unsubstantiated accusations, and staged incidents, such as, for example, those in Bucha, Mariupol and Kramatorsk. Moscow was even initially accused of blowing up the Nord Stream pipelines,” he said. “All of this is directed at forcing neoliberal values on us in place of traditional Russian spiritual and moral values that have stood the test of time over many centuries, to deprive our people of pride in their own country and its centuries-long history, as well as to undermine the social cohesion that was a crucial element in defeating fascism in 1945,” Patrushev continued.

He pointed out that those now proclaimed as the winners of World War II were the same countries that waited to open a second front until June 1944, when the Red Army was already “within a stone’s throw from Berlin.” Ukraine and a number of other European countries are tearing down monuments and memorials to heroes of the Great Patriotic War, while at the same time glorifying Nazi collaborators, Patrushev continued. “By encouraging neo-fascism, the collective West is seeking to consign all of the terror and misery wrought by the Nazi ideology to oblivion. Tomorrow will mark 80 years since the tragedy in Khatyn, where fascists burned all the residents of that village alive, including 75 children. We will never forget this,” Patrushev concluded.

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“Hungary refused to participate in the joint funding of ammunition supplies to the Ukrainian army.”

Direct Conflict Between NATO, Russia To Lead To World War – Hungary FM (TASS)

Hungarian Foreign Minister Peter Szijjarto has warned NATO countries against engaging in a direct conflict with Russia following a meeting with the bloc’s Secretary General Jens Stoltenberg in Brussels on Tuesday. “According to the current arrangement, NATO is not engaged in the war in our vicinity. This is how it is now. A direct conflict between NATO and Russia would lead to another world war,” Szijjarto wrote on Facebook (banned in Russia as it is owned by Meta Corporation designated as extremist by the Russian authorities). Hungary’s government said after the start of the conflict in Ukraine that it would not send weapons to Kiev, and also called for resolving the issue solely by peaceful means. On Monday, Szijjarto reiterated this position at an EU foreign ministers’ meeting in Brussels. He added that Hungary refused to participate in the joint funding of ammunition supplies to the Ukrainian army.

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“Budapest’s position is likely to come up when EU leaders meet for a summit in Brussels this week..”

Hungary Blocks Joint EU Statement On Putin’s ICC Arrest Warrant (RT)

Hungary has blocked European Union member states from issuing a joint statement about an international arrest warrant against Russian President Vladimir Putin, according to people familiar with the matter, Report informs referring to Bloomberg. Budapest’s veto meant that the EU’s chief diplomat, Josep Borrell, instead released a statement in his own name “taking note” of the decision by the International Criminal Court. “The EU sees the decision by the ICC as a beginning of the process of accountability and holding Russian leaders to account for the crimes and atrocities they are ordering, enabling or committing in Ukraine,” Borrell said in the statement published on Sunday evening. EU justice ministers issued their own statement supporting the ICC decision on March 20, which Hungary did not sign.


The ICC issued arrest warrants for Putin and his commissioner for children’s rights, Maria Lvova-Belova, for alleged war crimes relating to the abduction of children from Ukraine. Officials in Kyiv are investigating more than 16,000 suspected cases of forced deportation of minors, President Volodymyr Zelenskiy said last week, and so far only around 300 have been brought home. The warrants are mostly symbolic for now, and Moscow has dismissed the move. Budapest’s position is likely to come up when EU leaders meet for a summit in Brussels this week. Draft conclusions seen by Bloomberg currently state that the leaders’ council “takes note of the arrest warrants recently issued by the ICC, against Russia’s president and his commissioner for children’s rights, for the war crime of unlawful deportation and transfer of Ukrainian children from occupied areas of Ukraine to Russia.” That’s similar to the wording Borrell used.

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150,000 ethnic Hungarians live in modern Ukraine’s Transcarpathian Region..

Hungary Gives Ukraine EU, NATO Membership Ultimatum (RT)

Ukraine will not be allowed to join the EU or NATO until it restores the rights of ethnic Hungarians living in its Transcarpathian Region, Hungary’s Foreign Minister Peter Szijjarto said on Tuesday. Speaking at a press conference in Brussels, Szijjarto added that the US-led military bloc was violating its own rules by pushing ahead with a set of meetings involving the Kiev government despite Budapest’s objections. “I would like to say that we will not support any significant integration movement of Ukraine towards the EU or NATO until the rights of the Hungarian ethnic community that it had prior to 2015 are restored in Ukraine,” the foreign minister told reporters.

Around 150,000 ethnic Hungarians live in modern Ukraine’s Transcarpathian Region, just across the border from Hungary. Budapest will not give up on them “under any circumstances,”despite pressure from both sides of the Atlantic to do so, Szijjarto added. He also objected to the convening of the NATO-Ukraine Committee on ministerial level despite Budapest’s objections. “This decision violates NATO’s unity and procedures for the unity of will,”Hungarian government spokesman Zoltan Kovacs said on Tuesday, referring to the bloc’s consensus requirement.

Szijjarto has voiced his objections to NATO Secretary General Jens Stoltenberg, but agreed to attend the April 4 meeting for the “opportunity to discuss minority protections.” Hungary became a member of NATO in 1999 and joined the EU in 2004. In recent months, Brussels has withheld funding from Budapest in an attempt to compel the government of Prime Minister Viktor Orban to implement a set of policies championed by the bloc, which he has rejected as harmful. Hungary has consistently argued for a negotiated end to the hostilities in Ukraine. Budapest continues to prohibit any transit of weapons or ammunition through Hungarian territory, and has not agreed to supply Kiev with arms or ammunition.

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“..the West believes that, if it succeeds against its main adversaries, Russia and China, it can easily regain control over everyone else..”

US/Russia/China Standoff Big Opportunity For Second-tier Powers (Bordachev)

We are currently dealing with a confrontation in which the opposing sides are comparable military powers – Russia and the United States, although the latter is acting through intermediaries. Russia is also a major player in the global markets for energy, food and a range of other commodities for which demand is stable. Standing behind Russia is China, which, like Moscow, is a permanent member of the UN Security Council and wields considerable influence in the world. In other words, we have a unique example of a struggle in which the forces of the adversaries are roughly comparable, although the superiority of the West, in many areas, is considerable. And we do not know how the countries of the world majority would behave if the US and Europe launched an offensive against a weaker opponent – Iran or another country of comparable size, for example.

It is therefore impossible to speculate on the extent to which the assertiveness of those countries which ignore US orders now would have manifested itself in a different situation. This could be important in the future, as new conflicts involving a major nuclear power cannot be ruled out. In general, it is difficult to determine how much of the behavior of most countries is restrained by their own capabilities. It is generally accepted that this has become the main determinant of the actions of a wide range of states, from the wealthy monarchies of the Gulf to those of Southeast Asia. But there is no denying that their degree of dependence on the infrastructure of the outgoing liberal world order, led by the United States, remains very high.

Undoubtedly, the dramatic events of 2022 have set in motion the aspirations of many medium and small powers to gain practical tools for their autonomy. But they still have a long way to go. Perhaps this is why the West believes that, if it succeeds against its main adversaries, Russia and China, it can easily regain control over everyone else. And until the comparative individual capabilities of small and medium-sized states become serious enough to allow them to be truly self-reliant, Western self-confidence will continue to push the US and Western Europe into confrontational behavior. At the moment, the majority of the world’s countries are seeking short-term gains from the general turmoil caused by the struggle between the great powers. But the extent to which such tactical gains can form the basis of a long-term strategy is unknown.

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“We’re always for peace and dialogue, and we firmly stand on the right side of history,” Xi stated.”

US Does Not Let Ukraine Even Consider Negotiating – Moscow (RT)

Ukraine’s Western backers – and the US in particular – are doing their best to prevent Kiev from entering into any negotiations with Moscow, Kremlin spokesman Dmitry Peskov has said. The official made the remarks on the sidelines of the talks between Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, in Moscow on Tuesday. Peskov was asked to comment on recent statements by senior Western officials, who said any peace initiative for Ukraine, should it arise from the Russia-China talks, would be “unacceptable.” US National Security Council spokesman John Kirby, for example, claimed any ceasefire in the current situation would only “ratify Russia’s conquest to date” rather than contribute to peace.

“Washington, European capitals, but first of all, Washington is filled with the desire not to let, under any pretext, [Kiev] enter into peace negotiations. They simply do not let Kiev even think about it,” Peskov said. Asked whether it was now ‘normal’ to incite war rather than call for peace, the spokesman responded affirmatively. “Now, when the masks are off, everyone shows off their bestial grin. Except for us and China.” During the talks, Russian and Chinese leaders discussed the 12-point roadmap for peace in Ukraine that was recently proposed by China. Putin has lauded the initiative, expressing his readiness to discuss and build upon it, while also reiterating Moscow’s desire to seek a diplomatic solution to the hostilities, which have been dragging on for over a year.

“We believe that many of the provisions of the peace plan put forward by China are consonant with the Russian stance and can be taken as a foundation for a peaceful settlement when they are ready for it in the West and in Kiev. However, so far we have not observed such readiness on their part,” Putin said after the meeting. The Chinese president has insisted that Beijing continues to maintain its position on the conflict and has urged both sides to stick to diplomacy and engage in dialogue. “We’re always for peace and dialogue, and we firmly stand on the right side of history,” Xi stated.

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Reason enough for the US to go to war.

Russia Ready To Switch To Yuan In Foreign Trade – Putin (RT)

Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said on Tuesday during talks with his Chinese counterpart Xi Jinping, who is in Moscow on a three-day official visit. “We are for the use of Chinese yuan in settlements between Russia and the countries of Asia, Africa, and Latin America. I am sure that these forms of settlements in yuan will be developed between Russian partners and their counterparts in third countries,” Putin said. Two thirds of current trade between Moscow and Beijing is carried out in national currencies – the yuan and the ruble, the Russian president noted. China’s trade with Russia hit a record high in 2022, growing by nearly a third amid Western sanctions against Moscow. Bilateral trade is on pace to hit over $200 billion this year.


The latest data from the Bank of Russia shows the yuan has become a major player in Russia’s foreign trade, with its share in the country’s import settlements jumping to 23% by the end of last year from only 4% in January 2022. The yuan’s share in export settlements also surged, from 0.5% to 16%. “It is important that national currencies are increasingly used in mutual trade. This practice should be further encouraged, and the mutual presence of financial and banking structures in the markets of our countries should be expanded,” Putin added. Meanwhile, the share of the US dollar and euro in Russia’s export settlements last year dropped substantially, from 65% in January 2022 to 46% in December. In February, the Chinese currency overtook the dollar as the most traded currency on the Russian stock market for the first time ever, according to data from the Moscow Exchange.

Max Keiser
https://twitter.com/i/status/1638312091399471104

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“..A countrywide reputation with prudent financial management, sound regulatory oversight and, frankly, for being somewhat dour and boring regarding investments, has been wiped away..”

Switzerland Risks Becoming ‘Financial Banana Republic’ – Industry Expert (RT)

The troubles of once-major Swiss investment bank Credit Suisse is undermining Switzerland’s reputation as a global financial hub, says Opimas CEO Octavio Marenzi, as cited by CNBC on Tuesday. His warning follows a historic takeover of Credit Suisse by the UBS Group, its domestic rival. On Sunday the two banking giants announced a Swiss-government-brokered deal aimed at shoring up public confidence in the Western financial system and at averting a global crisis. UBS agreed to acquire the embattled bank for three billion Swiss francs ($3.2 billion) as part of a cut-price deal. “Switzerland’s standing as a financial center is shattered,” Marenzi reportedly said, adding that “The country will now be viewed as a financial banana republic.” “The Credit Suisse debacle will have serious ramifications for other Swiss financial institutions. A countrywide reputation with prudent financial management, sound regulatory oversight and, frankly, for being somewhat dour and boring regarding investments, has been wiped away,” Marenzi stated.


The landmark merger, which may well turn UBS into the world’s largest wealth manager, with more than $5 trillion in total invested assets, has nevertheless sparked concerns about the health of the acquired assets. Investors have been also raising fears about the write-off of $17 billion worth of Credit Suisse’s AT1 bonds, which was part of the merger deal. The move angered many debt-holders, who have been left empty-handed, and has revealed yet another banking-sector risk. Former European Central Bank vice president Vítor Constâncio has called the write-off decision a “mistake with consequences and potentially a host of court cases.” There are also concerns about the long-term benefits of the merger and the outlook for other banks in Switzerland, which has previously been viewed as a role model of sound banking.

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“..citing sanctions on Russia..”

Indonesia To Ditch Visa And Mastercard (RT)

The Bank of Indonesia is preparing to phase out Visa and Mastercard while introducing its own domestic payment system, Antara news agency reported on Monday, citing the regulator. Last week, Indonesian President Joko Widodo urged regional authorities to wean themselves away from foreign payment systems and start using cards issued by local banks. He argued that Indonesia needed to shield itself from geopolitical disruptions, citing the sanctions targeting Russia’s financial sector from the US, EU, and their allies over the conflict in Ukraine.“Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem,” he said. Commenting on the initiative, the central bank’s spokesperson, Erwin Haryono, said that the regulator was in talks with local businesses “and the progress is about 90%,” adding that domestic cards will have many advantages, including lower fees.


Also, according to him, “offshore settlements and dependence on foreign payment networks such as US Visa or Mastercard will no longer be necessary.” Board member of the Indonesian Credit Cards Association (AKKI), Dodit Proboyakti, told RIA Novosti that Indonesia would apply the experience of Russia and its Mir payment system to promote the domestic financial network. Indonesia’s interbank system, GPN, currently supports only local debit cards and requires some adjustments to properly serve credit cards and international transactions, according to AKKI executive director Steve Marta. Moscow rolled out its own national card system, Mir, soon after the US first targeted the country with sanctions in 2014, and created the domestic National Payment Card System (NSPK) to smoothly take over all Visa and Mastercard transactions should the US-based companies pull the plug.

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“Not only did Bragg’s predecessor, Cyrus Vance, not bring this case, but Bragg himself stopped the prosecution..”

Alvin Bragg Prepares the Ultimate Frankenstein Indictment (Turley)

The scene from the 1931 movie “Frankenstein” came to mind this week as Manhattan District Attorney Alvin Bragg prepared an indictment of former President Donald Trump. It is the ultimate gravedigger charge, where Bragg unearthed a case from 2016 and, through a series of novel steps, is seeking to bring it back to life. Of course, like the good doctor, Bragg shows little concern over what he has created in his Frankenstein indictment. Bragg is combining parts from both state and federal codes.He is reportedly going to convert a misdemeanor for falsifying financial records into a prosecution of a federal crime. The federal crime is reportedly the failure to report a payment of $130,000 to former porn star Stormy Daniels to hush up an affair. That was just before the presidential election and Bragg is alleging that it was an effective campaign donation.

Bragg is attempting something that many lawyers think is as improbable as the reanimation of the dead. The Justice Department itself declined this prosecution and both the former chair of the Federal Election Commission and various election law experts have thrown shade on the theory. Not only did Bragg’s predecessor, Cyrus Vance, not bring this case, but Bragg himself stopped the prosecution. It was after one of Bragg’s lead prosecutors resigned and wrote a book on prosecuting Trump that pressure became too much for the district attorney, who grabbed his shovel and went to work. There are serious challenges to this prosecution, including an argument that time has expired under the statute of limitations.

The limit is two years for a misdemeanor and, even if he can convert this into a felony, it is not clear if he can meet the longer five-year limitation. Bragg will have to convince a court that Trump paid the hush money for the sole purpose of the election. As a married man and television celebrity, Trump had other reasons to try to avoid a scandal. That is precisely why such cases (like one against former Democratic presidential candidate John Edwards) failed in prior prosecutions. However, the greater danger may come if he succeeds in moving this case to trial.

Costello Tucker

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“Wait a minute. You don’t have the hundreds of pages I handed over to Alvin Bragg over here? You only have six cherry-picked documents?”

Alvin Bragg Caught Hiding Nearly 600 Pages Of Exculpatory Evidence (GP)

Attorney Robert Costello, the former legal adviser to Michael Cohen, spoke to Tucker Carlson on Monday night after he testified to the Manhattan Grand Jury investigating President Donald Trump. Costello told the FOX News audience that he testified for two hours in front of Alvin Bragg’s Manhattan Grand Jury. Robert Costello told Tucker Carlson, “I spoke to the jury for two hours… It was clear to me the Manhattan Grand Jury did not want to get to the truth.” And it now is being reported that New York District Attorney Alvin Bragg was HIDING exculpatory evidence from the Grand Jury! According to FOX News legal mind Gregg Jarrett, Soros-funded DA Alvin Bragg HID nearly 600 pages of exculpatory evidence to the New York Grand Jury investigating President Trump.


Gregg Jarrett: I mentioned it yesterday, I think, when Bob Costello got into that Grand Jury room and told them, “Wait a minute. You don’t have the hundreds of pages I handed over to Alvin Bragg over here? You only have six cherry-picked documents?” You know, hiding from grand juries exculpatory information is reprehensible and unconscionable. And the conduct of Alvin Bragg and his henchman Mark Pomeranz, who specifically says in his book, “We’re targeting zombies because we don’t like his beliefs,” those guys should face disbarment proceedings. Once again the REAL crooks reveal themselves. And Jarrett is right. If there was a real justice system in the country, they should be disbarred. Via Hannity:

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Groundhog Day.

Trump to Be Indicted Wednesday, Arraignment Next Week (GP)

Former President Donald Trump will be indicted on Wednesday and asked to surrender for arraignment in New York next week, according to a new report. “There will be no arraignment this week,” an unnamed source, said to be familiar with the proceeding, told the Daily Mail on Tuesday. The Mail reports that “the former president, who is currently in Florida, is expected to be formally charged tomorrow, after which the Manhattan District Attorney’s office will reach out to Trump and his Secret Service detail to make arrangements for his surrender.” After being flown to New York, he will be fingerprinted, arrested, and a mug shot will be taken.

Harmeet Dhillon
https://twitter.com/i/status/1637975259163885571

On Tuesday, Manhattan District Attorney Alvin Bragg’s office responded to a letter sent by House Judiciary Committee Chairman Jim Jordan demanding that he testify before Congress about his “unprecedented abuse of prosecutorial authority.” The prosecutor’s office said that they will not be “intimidated” out of filing charges. “We will not be intimidated by attempts to undermine the justice process, nor will we let baseless accusations deter us from fairly applying the law,” a spokesperson for Bragg’s office told Fox News on Tuesday. “In every prosecution, we follow the law without fear or favor to uncover the truth. Our skilled, honest and dedicated lawyers remain hard at work,” the spokesperson added.


On Monday, Jordan had sent a letter to Bragg’s office saying, “in light of the serious consequences of your actions, we expect that you will testify about what plainly appears to be a politically motivated prosecutorial decision.” “Dear Mr. Bragg,” the letter began. “You are about to engage in an unprecedented abuse of prosecutorial authority: the indictment of a former President of the United States and current declared candidate for that office. This indictment comes after years of your office searching for a basis — any basis — on which to bring charges, ultimately settling on a novel legal theory untested anywhere in the country and one that federal authorities declined to pursue. If these reports are accurate, your actions will erode confidence in the evenhanded application of justice and unalterably interfere in the court of the 2024 presidential election.”

Read more …

 

 

 

 

Redfield
https://twitter.com/i/status/1638171628080168960

 

 

Kory IVM
https://twitter.com/i/status/1638247355139911697

 

 

 

 

RFK
https://twitter.com/i/status/1638271365072445440

 

 

Ibex

 

 

 

 

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

 

 

 

 

 

Oct 042022
 
 October 4, 2022  Posted by at 8:52 am Finance Tagged with: , , , , , , , , , ,  68 Responses »


Pablo Picasso Cafe Royan [The Coffee] 1940

 

Developing Developments (Kunstler)
The Nord Stream 2 Pipeline Sabotage (Monkeywerx)
Macgregor: US Likely Attacked Nord Stream Pipelines to Isolate Germany (SN)
In Nord Stream Attack, US Sees ‘A Tremendous Opportunity’ (Maté)
Jeffrey Sachs Offers Nord Stream Theory (RT)
Medvedev Comments On Musk’s Ukraine Proposal (RT)
Duma Ratifies Accession Treaties For Donbass, Kherson, Zaporozhye (RT)
Kremlin Comments On Borders Of New Territories (RT)
Kiev’s Counter Attacks On Kherson Have Failed – Official (RT)
British Intelligence Predicted Ukraine War 30 Years Ago (Dec.uk)
Ukraine Grain Deal Not Enough – Moscow (RT)
Belgium Suffers Unplanned Nuclear Reactor Shutdown (RT)
Ukraine Scolds EU Over Aid Delays (RT)
Truss Exposes The Inherent Instability Of Western Democracies (Hryce)
Trump Seeks $475 Million In Defamation Suit Against CNN (ZH)
Hunter Biden Probe to Look Into ‘What Happened in 2020’: Jim Jordan (ET)
The Biggest Problem China Faces Isn’t Real Estate (Balding)

 

 

Best amicus brief ever?!

 

 

Tucker regime change

 

 

 

 

Greenwald Donbass

 

 

Hey! Sanctions!

 

 

 

 

“The Russian negotiation table is open for business. Failing to report to it, Ukraine will have to decide what sort of rump state it will become — a merely half-assed agricultural backwater or a fully ass-blown-off failed state.”

Developing Developments (Kunstler)

What no government official can acknowledge — even among the Euroland victim nations of this awesome stupidity — is that the US demolition of the Nord Streams was an act-of-war against our own allies. By the way, the blogger who styles himself as “Monkey Werx,” notable for tracking the world-wide military flight movements, presents a comprehensive play-by-play of just exactly how the mission was accomplished. I’ll summarize but you can read his full report (click here) for yourself. MW reports that overnight on the 26th of September, a Navy P8 Poseidon submarine-hunter jet flew out of the US to the Baltic. It did not land in the UK to refuel — thus avoiding any tracking complications — but rather rendezvoused over Grudziadz, Poland, with a US Bart-12 mid-air refueling plane, which it hooked up with for more than an hour.

The P8 was equipped with Mk54 air-launched torpedoes. After un-docking from the Bart-12 refueler, the P8 followed a route west along the Nord Stream pipelines, descended to bomb-run altitude, and dropped its weapons. Kaboom. Then, fully refueled, the P8 flew directly back to the USA. Days later, when confronted at the UN by Russia with a yes-or-no question as to US responsibility for the Nord Stream caper, the US representatives refused to answer one way or another. Cute. So, the questions loom: How many more days before Germany and the rest of Euroland begin to apprehend how they have been hosed by America into an economic collapse scenario? (How many days before a team of competent professionals hunts down Klaus Schwab and his colleagues somewhere in Switzerland?) When will the Eurofolk turn on their idiot government leaders and flush them out of office?

When will all (except for psychotic Poland) bail out of the USA’s Ukraine crusade? I will tell you: this will all begin pretty darn soon. And if so, that will be the end of the NATO alliance. Meanwhile, the US-led propaganda campaign has Russia utterly on-the-ropes against a raging and triumphant Ukraine army. Nothing could be further from the truth. Russia made a few tactical retreats the past month in preparation for a final systematic and methodical mopping-up of the remaining Ukraine army. Russia is bringing in Iskander hypersonic missiles, not necessarily nuclear-armed, and will assemble Russian army regulars to replace the mash-up of Donbas militia volunteers who have borne the brunt on the thinly defended line leading to the much talked-about tactical retreat around the Kharkov-Izium-Lyman front. The Russian negotiation table is open for business. Failing to report to it, Ukraine will have to decide what sort of rump state it will become — a merely half-assed agricultural backwater or a fully ass-blown-off failed state.

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“..why fly an aircraft all the way from the United States and not land in the UK for refueling, but instead hook up for an hour plus with another US Air Force refueler out of Germany?”

The Nord Stream 2 Pipeline Sabotage (Monkeywerx)

As we sit here today, October 1, 2022, the United States has no official statement on the sabotage although Biden is pushing the standard doublespeak rhetoric and as they say, the best defense is a good offense. There is, however, an official release from the White House back in February 2022 that states the United States will take further action with Germany to end the Nord Stream Pipeline 2. So let’s look at the flight data logically… The United States has Navy P8’s stationed in the UK so why fly an aircraft all the way from the United States and not land in the UK for refueling, but instead hook up for an hour plus with another US Air Force refueler out of Germany? Could it be that the UK’s new Prime Minister would not condone the activity?

We have already seen her call out Nancy Pelosi who we know is a bobblehead and not in line with the New World Order, and we know the new UK PM is indeed a WEF appointee which is part of the NWO. Clearly, the United States did not want to land in the UK or anywhere else for a reason. Could it also be because it was armed with external weapons or they didn’t want any record of the aircraft in the area? Landing would create a log and even though we see them wipe the flight record data, the airport log is still intact. Let’s talk about the P8 weaponry for a minute. The Navy P8 Poseiden has 11 external hardpoints for mounting weapons as well as an internal bomb bay, and one weapon, in particular, is a High Altitude Anti-Submarine Warfare Weapon Capability (HAAWC) system. HAAWC is an all-weather add-on glide kit that enables the Mk54 torpedo to be launched near or below the cruising altitude of the P8 Poseidon.

What that means: the flight path and altitude of the P8 in question are indeed capable of conducting a “bomb run” on the Nord Stream 2 Pipeline. Now let’s look at the flight specifics. Note the last flight path just before exiting the area runs right along the pipeline in which they could have released the ordinance and continued their climb out, thus exiting the area and returning to the United States. Also, note the little hump just before the climb out (red arrow). That is consistent with a weapons release. Pitch down, increased AoA, weapon release, little bubble up, then a climb out (the blue line is the inbound leg of the same flight). You may also not the flight path. It circles over the area first, then flies downrange and starts the initial bomb run, then it does a quick readjustment on a final bomb run, releases, and exits immediately.

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“You have several inches of concrete around various metal alloys to move the natural gas. So it’s not something that you could simply drop a grenade down at the end of a fish line and disrupt. ”

Macgregor: US Likely Attacked Nord Stream Pipelines to Isolate Germany (SN)

A former Pentagon advisor says the most likely culprits behind the Nord Stream pipeline blasts are the United States and Britain, and that the attack was carried out to prevent Germany from bailing on the war in Ukraine. Retired US Army colonel Douglas Macgregor made the comments during an appearance on the Judging Freedom podcast. Macgregor said a process of elimination rules out Germany, because they are dependent on Nord Stream for their energy security, while it also served no benefit for Russia to have sabotaged its own infrastructure. “Would the Russians destroy their own pipeline? 40 percent of Russian gross national product or GDP consists of foreign currency that comes into the country to purchase natural gas, oil, coal and so forth. So the Russians did not do this. The notion that they did I think is absurd,” Macgregor said.

Referring to Polish MEP Radoslaw Sikorski’s infamous deleted tweet in which he wrote, “Thank you, USA,” Macgregor noted, “Who else might be involved? Well the Poles apparently seem to be very enthusiastic about it.” However, citing reports that more than 500 kg of TNT had been detected in both explosions, the former Pentagon advisor suggested only the United States and British Royal Navy had the capability to pull off the attack. “Then you have to look at who are the state actors that have the capability to do this. And that means the Royal Navy, the United States Navy Special Operations,” said Macgregor. “I think that’s pretty clear. We know that thousands of pounds of TNT were used because these pipelines are enormously robust. You have several inches of concrete around various metal alloys to move the natural gas. So it’s not something that you could simply drop a grenade down at the end of a fish line and disrupt. That means it takes a certain amount of sophistication,” he added.

Macgregor suggested that the motive behind the attacks was to prevent Germany from bailing on the Ukraine war after Berlin began “to give the impression that they were no longer going to go along with this proxy war in Ukraine.” “I’m hesitant to say ‘we know it must have been Washington’. I can’t say that because we just don’t know. But it’s very clear that we have foreclosed Berlin’s options. Berlin was drifting away from this alliance. [Chancellor] Olaf Scholz said ‘I’m not sending any more equipment, I won’t send any tanks’. Now he’s in a bind because the United States has simply robbed him of the option of bailing out. Who’s going to supply him gas and oil and coal and everything else if he bails out? Where does he turn now? And remember, the Germans, who are facing terrible consequences at home refuse to restart nuclear power plants,” the former official said.

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“Nord Stream 2, Trump declared in July 2018, is a “tragedy.“

In Nord Stream Attack, US Sees ‘A Tremendous Opportunity’ (Maté)

Western sanctions on Russia have already led to job losses, skyrocketing bills, and fears of energy rationing amid forecasts of exceptionally cold temperatures ahead. Just before the Nord Stream blasts, the head of German’s steel federation warned that without Russian energy, “a winter of de-industrialization threatens us in Germany.” Ahead of this feared winter of de-industrialization, Blinken’s optimistic response to a now assured shut-off of Russian gas might seem odd for a top diplomat. But it is perfectly consistent with a longstanding US effort to kill Nord Stream for good. In waging a multi-year campaign against Nord Stream, the US has sought to weaken Russia’s economy; undermine Russian integration with the rest of Europe; preserve lucrative transit fees for the US client state in Ukraine; and increase European dependence on US energy, in particular Liquefied Natural Gas (LNG).

In short, the “tremendous opportunity” that Blinken draws from the Nord Stream sabotage derives from the very goals that he imputed to Putin: “the weaponization of energy” for “imperial designs.” As one of Blinken’s predecessors, Condoleezza Rice, explained in 2014: “Over the long-run, you simply want to change the structure of energy dependence. You want to depend more on the North America energy platform.” The US drive to promote dependence on North American energy was escalated by President Donald Trump, who imposed sanctions to stop the Nord Stream 2’s construction while urging the German government to buy American LNG instead. Nord Stream 2, Trump declared in July 2018, is a “tragedy.” In his view, “it’s a horrific thing that’s being done, where you’re feeding billions and billions of dollars… primarily from Germany, into the coffers of Russia.”

Trump’s disdain for the “horrific” Russia-Germany energy project strained US relations with both countries. But because his actions contradicted the predominant Russiagate narrative that he was in fact a Kremlin asset being blackmailed to do Vladimir Putin’s bidding, the Nord Stream sanctions were among many confrontational Trump policies toward Russia that went widely ignored at home. Trump’s sanctions on Nord Stream 2 caused such a rift with Germany that Biden, upon taking office, initially waved them. But the Ukraine crisis gave Biden a backdoor opportunity to revive Trump’s quest. As Russian forces amassed on Ukraine’s borders in 2021, Biden pressured Germany to commit to cancelling Nord Stream 2 in the event of an invasion. When the Germans still refused, the White House announced that it would achieve its goal with or without them. “If Russia invades…then there will be no longer a Nord Stream 2,” Biden declared on February 7, with German Chancellor Olaf Scholz at his side. “We will bring an end to it.”

Trump NS2

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Includes Sachs’ role in the Shock Doctrine. Rarely mentioned.

Jeffrey Sachs Offers Nord Stream Theory (RT)

Economist Jeffrey Sachs speculated on Monday that the sabotage of the Nord Stream pipelines was the work of the US and maybe Poland, to the chagrin of Bloomberg TV hosts who quickly tried to change the subject. Now a professor at Columbia University, Sachs became notorious in Russia for masterminding the “shock therapy” reforms in the 1990s – but has been sharply critical of the West’s approach to the conflict in Ukraine in recent months. Invited to Bloomberg’s ‘Surveillance’ show on Monday, Sachs was asked to comment on Russia he “knew so well” under President Boris Yeltsin. Instead, the hosts scrambled to cut him off after he said the conflict is “on the path of escalation to nuclear war” and did not start in February 2022.

“Most of the world doesn’t see it the way we describe it,” Sachs told Bloomberg’s Tom Keene, at which point co-host Lisa Abramowicz tried to change the subject to inflation in Europe. The EU is in a “very sharp economic downturn,” Sachs agreed. The continent was “getting hammered” by energy shortages, made worse by “the destruction of the Nord Stream pipeline which I would bet was a US action – perhaps US and Poland,” he managed to add before Keene cut him off, asking for evidence of that claim. “Well first of all, there’s direct radar evidence that US helicopters, military helicopters that are normally based in Gdansk, were circling over this area. We also had the threats from the US, earlier in this year, that ‘one way or the other, we are going to end Nord Stream.’ We also have the remarkable statement by [US] Secretary [of State Antony] Blinken last Friday in a press conference; he says ‘this is also a tremendous opportunity.’ Sorry, it’s a strange way to talk if you’re worried about piracy on international infrastructure of vital significance,” Sachs retorted.

“I know this runs counter to our narrative, you’re not allowed to say these things in the West, but the fact of the matter is – all over the world, when I talk to people, they think the US did it,” he added. Abramowicz again tried to change the subject, saying Bloomberg couldn’t provide “counterbalance” to what he was saying. Undeterred, Sachs answered the next question by describing the current situation as “the most dangerous moment since the Cuban Missile Crisis” in 1962, with the US picking fights with both Russia and China, without any attempts to de-escalate things. Currently director of the Center for Sustainable Development at New York’s Columbia University, Sachs gained notoriety among the Russians for his “shock therapy” reforms in 1991-1993. The overhaul of the entire Soviet economy ended up destroying the lives of millions of Russians and handing the country’s wealth over to a handful of oligarchs.

Sachs
https://twitter.com/i/status/1576924480135258112

Read more …

“Musk sent hundreds of SpaceX’s Starlink satellites and terminals to Ukraine. Though their stated purpose was humanitarian, Kiev has since admitted to using them for the war effort.”

Medvedev Comments On Musk’s Ukraine Proposal (RT)

After Ukrainian President Vladimir Zelensky and Kiev’s online troll army savaged Elon Musk’s proposal for ending the conflict with Russia, former Russian President Dmitry Medvedev jokingly called the Tesla and SpaceX founder a “shadowy agent” of the Kremlin, comparing him to Stierlitz, the legendary fictional Soviet spy. “Kudos to [Elon Musk]! However, the shadowy agent has lost the cover. Deserves a new rank, fast. His next tweet will run like, Ukraine is an artificial state. Anticipating…” Medvedev tweeted, in English, on Monday evening. On his Telegram channel, in Russian, instead of “shadowy agent” the former president called Musk “Eustace” – a reference to the code name of the main character in the Soviet-era series ‘17 Moments of Spring,’ better known under his German alias Otto von Stierlitz.


Both references were clearly tongue-in-cheek and poked fun not at Musk, but at the utter hysterics of the Ukrainian government and its online influencers over the American billionaire’s earnest peace proposal. Crimea would remain Russian and have its water supply guaranteed, Ukraine would declare neutrality, and the four regions that just joined Russia hold UN-supervised referendums on their fate, Musk suggested earlier in the day. The poll was quickly swamped by what he called the “biggest bot attack I’ve ever seen.” It wasn’t just Kiev’s info-warriors and their Western NAFO backers, however. Ukraine’s departing ambassador to Germany used some very un-diplomatic language, while President Vladimir Zelensky himself launched a poll asking his followers if they preferred Musk who supported Ukraine over this one, who “supports Russia.” Early on in the conflict, Musk sent hundreds of SpaceX’s Starlink satellites and terminals to Ukraine. Though their stated purpose was humanitarian, Kiev has since admitted to using them for the war effort.

Read more …

Russia calmly goes through the legal moves. Important point:

“..accession to Russia is the only way to save the people living in the four former Ukrainian territories from shelling by Ukrainian troops. “The only way to end this is reunification [with Russia],”

Duma Ratifies Accession Treaties For Donbass, Kherson, Zaporozhye (RT)

The State Duma has unanimously ratified the treaties on the accession of the Donetsk and Lugansk People’s Republics (DPR and LPR), as well as Kherson and Zaporozhye Regions, to the Russian Federation. President Vladimir Putin submitted the documents regarding the four former Ukrainian territories to the lower house of parliament on Sunday. All four voted overwhelmingly in favor of joining Russia in referendums held between September 23 and 27. Addressing legislators before the vote, Foreign Minister Sergey Lavrov said that accession will “serve the interests of all people of our multiethnic country.” He added that Kiev had oppressed Russian-speaking people, which made the existence of certain territories within the Ukrainian state impossible.


State Duma Speaker Vyacheslav Volodin argued that accession to Russia is the only way to save the people living in the four former Ukrainian territories from shelling by Ukrainian troops. “The only way to end this is reunification [with Russia],” he said. The accession treaties, which were signed by Putin on Friday, were then approved by the Russian Constitutional Court. The next step in the accession process is ratification by the Federation Council, the upper house of Russia’s parliament. The DPR and LPR broke off from Ukraine shortly after the 2014 coup in Kiev. Russia recognized them as independent states in February.

Read more …

Kremlin is mocked in the west for not knowing exactly what they incorporated. No, because they want to be precise. To that end, Lavrov has been given special powers to negotiate borders.

Kremlin Comments On Borders Of New Territories (RT)

Moscow has yet to determine the future borders of Kherson and Zaporozhye Regions, which are set to be incorporated into Russia, Kremlin spokesman Dmitry Peskov has told journalists. “We will continue to consult with the residents of those regions on the issue of borders,” the official said on Monday. The two former Ukrainian regions voted last month to break away from Kiev and request being accepted into Russia. However, parts of them are still controlled by Ukrainian troops. The issue of borders came up last week, when President Vladimir Putin signed orders recognizing the two regions’ independence. The documents did not include any reference to the demarcation of the territories. When asked by journalists for clarification, Peskov promised to give an answer later.

Further complicating the situation is the fact that Russian forces are in control of a small chunk of Ukraine’s Nikolaev Region, which borders Kherson Region. Vladimir Saldo, the head of the Kherson administration, claimed last week that the land would be incorporated into Russia. This week, the Russian parliament is scheduled to ratify the unification treaties with the two regions, as well as the Donetsk and Lugansk People’s Republics. The latter two territories, which were recognized as independent by Russia in February, are defined “by the 2014 borders,” according to Peskov. Russian troops and Donbass militias have since seized much of the disputed land, but not all of it.

Kiev blasted the referendums that paved the way for the accession as a “sham”and reiterated its intention to defeat Russia on the battlefield and oust its troops from all land that it claims as Ukrainian. Moscow said the ballots were a legitimate exercise of the right to self-determination.

Read more …

180º different from western and Kiev stories.

Kiev’s Counter Attacks On Kherson Have Failed – Official (RT)

Attempts by Ukrainian forces to break through Russia’s defenses in Kherson Region have been thwarted, the deputy head of the local administration, Kirill Stremousov, has said. In a Telegram post on Monday, Stremousov stated that “everything is under control in the Nikolayev direction,”despite Kiev’s efforts to retake the region. He noted that Ukraine’s forces had advanced southward along the Dnieper River to the village of Dudchany before “taking a beating” from Russian Aerospace Forces. The official admitted that the Ukrainians were able to advance a little bit, but noted that the region’s defense systems were working and that “at the moment, the situation is completely under control.” Stremousov concluded by urging people not to give into panic because of what they hear and read on social media. “This is not Kharkov, this is not [Krasny] Liman, we are holding the fence,” he proclaimed.


Russia’s Defense Ministry has also confirmed repelling the attack, stating that over 400 Ukrainian servicemen, 43 tanks and 89 units of special military equipment were eliminated in the Nikolayev-Krivoy Rog area. The announcement comes as Kiev’s forces have mounted large-scale offensives along several points of engagement with Russia. On Saturday, Russian troops were forced to withdraw from their defensive positions in the town of Krasny Liman in the Donetsk People’s Republic after they were nearly encircled by Ukrainian forces, which had brought in reserves and reached a “considerable superiority in men and material.” It has been noted, however, that the Ukrainian side has been suffering significant casualties in the offensive, having reportedly lost over 500 soldiers (200 dead, 320 injured), as well as ten tanks and 25 infantry fighting vehicles during the attack on Krasny Liman, according to the Russian Defense Ministry.

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“It is not entirely clear, even to the Ukrainians, still less to the Russians, that Ukraine is a real country..”

British Intelligence Predicted Ukraine War 30 Years Ago (Dec.uk)

When British intelligence warned that Vladimir Putin was about to attack Ukraine earlier this year, the spooks’ foresight won many plaudits. Yet their prediction mirrored a scenario Whitehall had long known might unfold. In May 1992, just six months after the Soviet Union broke up, Britain’s then Prime Minister John Major was being briefed by his staff. They were concerned about a potential clash between Russia and Ukraine over Crimea. [..] Major’s foreign policy advisor and former ambassador to Moscow, Rodric Braithwaite, wrote a confidential background note that would today be considered heretical. “It is not entirely clear, even to the Ukrainians, still less to the Russians, that Ukraine is a real country,” Braithwaite noted. “Hence the tensions between the two.”

Braithwaite, who went on to chair the Joint Intelligence Committee later in 1992, gave the Prime Minister a potted history of the region, stretching back to the middle ages. He highlighted the “artificial famine which [Soviet leader Joseph] Stalin imposed on the Ukraine in 1930-31, when many millions of peasants were deported or starved to death.” “So it was not surprising then very many Ukrainians greeted the Germans as liberators in 1941, and that large numbers agreed to join the German army”, Braithwaite reasoned, referring to Nazi collaborators during World War II. Although these resistance groups were ultimately defeated by Stalin, Ukrainian nationalism survived as a political movement. “Throughout 1990 the number and size of popular demonstrations for independence swelled,” Braithwaite noted, adding that Russia looked like an “empire” to Ukrainians.

On the other hand, he said: “Russians would simply not recognise the picture. For Russians, the Ukraine is an integral part of Russia, its history and its culture. The Ukrainian language is no more than a dialect”. He went on: “I have not met a single Russian, even among the most sophisticated, who really believes that the Ukraine is now permanently severed from the motherland.” In a candid remark, Braithwaite said: “The Ukrainians know that. They also know that Ukraine itself is divided: between the ultra-nationalist…Western Ukraine…and the East which is predominantly inhabited by ethnic Russians.”

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“In the second half of 2022 we will be able to export up to 30 million tons. This is exactly the volume that we promised within the framework of our agreements with the UN to solve the problem of world hunger..”

Ukraine Grain Deal Not Enough – Moscow (RT)

The deal that unblocked Ukrainian grain exports is not enough to help poor nations put food on the table, Russian Agriculture Minister Dmitry Patrushev said in an interview with RBK news, published on Monday. “As part of this deal, about 4.6 million tons of agro-industrial products were exported from Ukrainian ports. The main product, a little less than half, was corn, about 1.2 million tons was wheat. Of course, this cannot cover the needs of starving countries, including the need for grain. In fact, it is merely a variation in the global market,” the minister stated. Russian Deputy Prime Minister Viktoria Abramchenko recently said that, according to estimations, the global grain market is about 800 million tons.

Patrushev also noted that the main recipients of Ukrainian grain are European countries, which “are not countries that really need it.” The official explained that Russian agricultural products could make a difference, but there are still restrains, which need to be overcome. “There are still barriers that continue to hold back our exports. If we call things by their proper names – these are hidden sanctions on the transportation of [Russian] products… Primarily, it is the limited availability of ships. International logistics companies prefer not to work with our exporters,” the minister explained. He also noted, however, that the problems are being worked out with exporters, and Russian companies which have their own fleet have fewer problems in that area.

According to Patrushev, since the beginning of the agricultural year which stared on July 1, Russia has already delivered about 8.3 million tons of grain to foreign markets, “and the growth rate of exports is increasing every day.” “This season we see an opportunity to supply no less, and maybe even more than 50 million tons of grain to the world market. In the second half of 2022 we will be able to export up to 30 million tons. This is exactly the volume that we promised within the framework of our agreements with the UN to solve the problem of world hunger,” the minister said.

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When it rains.

Belgium Suffers Unplanned Nuclear Reactor Shutdown (RT)

One of Belgium’s six functioning nuclear reactors has shut down unexpectedly, the plant’s operator Engie told VRT News on Monday. The reactor, called Tihange 3, underwent an automatic shutdown at around 8:25am local time at which point “employees then brought the power plant into a safe condition,” the company said. The reasons for the stoppage are unclear but an investigation into the incident has been launched. According to local media, the unexpected shutdown of a reactor that provided 1,038 megawatts of electricity to Belgium would not jeopardize the country’s energy supply. Belgium shut down one of the reactors at its Doel plant “for good” just over a week ago, following through on long-held plans to dismantle its nuclear energy infrastructure even as the EU finds itself in an energy crisis.

Electrabel, which runs the Doel plant, explained that the company was merely fulfilling a 2003 agreement to enact a “gradual phase-out of nuclear energy for industrial electricity production.” Belgium’s reactors had previously supplied half of the country’s electricity needs. All were due to close by 2025 until the government signed a tentative agreement with Electrabel in March to potentially extend the life of the two newest reactors by ten years. This came amid concern about the country’s increasing dependence on fossil fuels, especially from Russia. The unexpectedly stricken Tihange 3 thus had its demise postponed until 2035, as did another reactor at the Doel plant. However, the deal is not binding and efforts to similarly extend the life of the neighboring Tihange 2 reactor past its planned shutdown date of February 1, 2023 were rebuffed in July.

The Belgian government has stressed that clinging to its once-scorned nuclear energy capacity in the EU’s time of need should not be seen as discarding its commitment to renewable energy. At the same time as it revealed the draft agreement to keep Tihange 3 and Doel 4 operational until 2035, it announced a €1.1 billion ($1.2 billion) investment in wind, hydrogen, and solar energy “to give a boost to the transition to climate neutrality.” The investment will also pay for small modular nuclear reactors. As early as 2007, Belgian scientists were warning that closing the country’s nuclear plants would double the price of energy, harm the country’s energy independence, and increase its reliance on fossil fuels. Costs are already at or near record highs across the EU due to sanctions on Russian energy, a situation exacerbated by last week’s alleged sabotage of the Nord Stream pipeline that had previously carried Russian gas to Europe.

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Bite the hand.

Ukraine Scolds EU Over Aid Delays (RT)

Delays in economic aid from the European Union to Ukraine are “unacceptable” and must be resolved to avert disaster, a senior Ukranian official warned, pointing to massive budget shortfalls as the EU approved another $4.9 billion (€5 billion) assistance package. Speaking to Politico on Monday, a top economic adviser to Ukrainian President Vladimir Zelensky, Oleg Ustenko, slammed the European bloc after it agreed to send another tranche of aid between mid-October and the end of the year, insisting his country’s needs must be met sooner. “Our minister of finance is under extreme high pressure, when he sends these checks to the military, to pension funds … we have to have this money in his hands. So something like one week or several weeks’ delay is just not acceptable,” Ustenko told the outlet.

While the EU initially approved $8.8 billion (€9 billion) in assistance last May, only a small fraction of that has been sent so far. The latest move would break up a $4.9 billion (€5 billion) payment into three installments to be transferred before the end of 2022, though the rest of the original package likely won’t be sent until next year. Monday’s agreement followed months of debate between EU member states over the exact form the aid should take, with Germany arguing in favor of grants instead of loans. Berlin has accepted a plan to provide the latest $4.9 billion as a loan, but the body has yet to reach a consensus on the remaining funds. Ukraine has heavily relied on foreign aid since Russia’s attack commenced in February, with the country’s economic output taking a massive hit of up to 40% this year and the government facing a budget gap of some $5 billion per month.

While the United States has raced to inject cash into Ukraine, approving some $20 billion in economic and humanitarian assistance alone, the EU has been more hesitant, instead sending a little over $13 billion between all of its members, according to an aid tracking tool created by the Kiel Institute. American weapons transfers to Kiev have also dwarfed those of Europe by nearly ten-fold. Washington has reportedly noticed the disparity, with US officials recently telling Bloomberg that the Joe Biden administration “has pressed Europe to do more” to support Ukraine and take on “more burden sharing.” Talks on future aid from the EU will be held at an upcoming meeting in the German capital later this month, where Ustenko voiced hopes that member states will be convinced to speed up the process, saying “Berlin is going to be just the next step of these discussions.”

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UK is especially unstable. She has, what, two more weeks?

Truss Exposes The Inherent Instability Of Western Democracies (Hryce)

Even fervent believers in the stability of Western democracies must surely have had their faith shaken last week by the extraordinary economic and political crises created by the newly-minted UK prime minister, Liz Truss. In the week after the prime minister’s hand-picked chancellor, Kwasi Kwarteng, handed down a ‘mini-budget’ on September 23, the English pound crashed; the government bond market took a dive; interest and mortgage rates rose; some mortgage markets shut down; the Bank of England staged a highly unusual fiscal intervention to prevent the collapse of major pension funds; and the IMF criticized Truss in a manner usually reserved for the leaders of debt-ridden banana republics. The global importance of these events and the ongoing economic and political disruption that they will inevitably cause should not be underestimated.

Political commentator Alastair Campbell, formerly Tony Blair’s chief of staff, accurately described last week as “the week that everything changed.” Quite simply, the fact that the Truss mini-budget provided for billions of pounds worth of unfunded and uncosted tax cuts – including, most provocatively, a cut in the 45% top level income tax rate – caused the financial markets to register a serious vote of no confidence in the Truss government, with all the attendant consequences that followed. Incidentally, the events of last week show where real power ultimately lies in the West – and it is definitely not with politicians. Truss’s mini-budget is, of course, a product of the crude neo-liberal economic ideology that she so fanatically believes in, and which proved decisive in attracting the 80,000 or so Thatcher-worshipping members of the Tory party that anointed Truss prime minister only a few weeks ago.

Faced with an economic disaster entirely of her own making – one of her first acts as prime minister was to sack the head of the Treasury – Truss simply doubled down, and retreated petulantly to her Downing Street bunker. She did emerge briefly late last week to do a round of disastrous radio interviews with regional BBC stations – in which Truss continued to robotically tout the benefits of ‘trickle-down economics’, and (unsuccessfully) tried to blame the economic crisis entirely on Russian President Vladimir Putin and the conflict in Ukraine. Not surprisingly, the vast majority of commentators in the UK – irrespective of their political affiliations – have been strongly critical of the Truss mini-budget and the prime minister herself. Even Daily Telegraph columnist Ambrose Evans-Pritchard accused Truss of having “embarked on a course of sheer madness.”

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The Nic Sandmann case may have opened some venues.

Trump Seeks $475 Million In Defamation Suit Against CNN (ZH)

Former President Donald Trump filed a lawsuit against CNN tonight, claiming the so-called news outlet defamed him in an effort to reduce his chances of running for president again in 2024. The suit, which was filed Monday in U.S. District Court in Fort Lauderdale, Florida, alleges Trump has been a “long-time critic” of CNN, “not because CNN does a bad job of reporting the news, but because CNN seeks to create the news.” “CNN’s campaign of dissuasion in the form of libel and slander against the Plaintiff has only escalated in recent months as CNN fears the Plaintiff will run for president in 2024,” the suit reads. “As a part of its concerted effort to tilt the political balance to the Left, CNN has tried to taint the Plaintiff with a series of ever-more scandalous, false, and defamatory labels of ‘racist,’ ‘Russian lackey,’ ‘insurrectionist,’ and ultimately ‘Hitler.’”

Trump seeks $475 million in punitive damages, alleging that CNN “has sought to use its massive influence – purportedly as a ‘trusted’ news source – to defame the Plaintiff in the minds of its viewers and readers for the purpose of defeating him politically, culminating in CNN claiming credit for ‘[getting] Trump out’ in the 2020 presidential election.” The former president notified the outlet in July of his intention to sue for “repeated defamatory statements.” Trump also warned he would sue other outlets he alleges have “defamed and defrauded the public” about the 2020 presidential election results.

As a reminder, Trump had a lawsuit against 2016 Democratic rival Hillary Clinton and former top FBI officials tossed in early September by U.S. District Judge Donald Middlebrooks, who said Trump was “seeking to flaunt a two-hundred-page political manifesto outlining his grievances against those that have opposed him, and this Court is not the appropriate forum.” That is “a high legal bar to clear given First Amendment protections granted to the free press under the Constitution,” according to The Hill. “The New York Times, for example, has not lost a defamation case in more than 50 years.” However, as JustTheNews reports, winning such a case is not impossible, however. Covington Catholic High School student Nick Sandmann successfully secured considerable financial settlements from both CNN and the Washington Post for their coverage of a controversy that suggested the high schooler instigated a confrontation with an Indian activist.

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“51 former intelligence officials signed a letter..”

Hunter Biden Probe to Look Into ‘What Happened in 2020’: Jim Jordan (ET)

If the GOP takes a majority in the House, one of the “key elements” of its investigatory plans into Hunter Biden, the son of President Joe Biden, next year will involve looking into “what happened in 2020,” said Rep. Jim Jordan (R-Ohio). Just weeks before the 2020 presidential election, the New York Post ran a story about Hunter Biden’s overseas business dealings in Ukraine and China, which was promptly dismissed as dubious by mainstream media outlets and suppressed on social media platforms. At the time, 51 former intelligence officials signed a letter claiming that the New York Post’s story had “all the classic earmarks of a Russian information operation.” In an interview with Breitbart, Jordan said that he wants to know on what intelligence the 51 former officials based their letter.

“We had 51 former intelligence officials tell us that this was Russian disinformation. We had the FBI sit down with Facebook and say, ‘Hey, be careful, wink wink. We think there’s Russian disinformation.’ … All that was done to suppress that story, which had an impact on how people voted in the most important election we have, the election for president of the United States,” Jordan told Breitbart. “Did someone from The New York Times tell them something? Did someone from the FBI leak some false—was it this Timothy Thibault, who [has] since left the FBI, who suppressed that information at the FBI? I want to know. That’s pretty important stuff, so I really want to look into that angle.”

Most of the investigative activities related to Hunter Biden would be headquartered at the Oversight Committee, with Rep. James Comer (R-Ky.) expected to lead it. Jordan will continue to remain a member and chair of the Judiciary. Comer plans to look into Hunter Biden’s suspicious banking and business transactions, he added.

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They cannot have a real weight in a reserve currency basket. Not when Xi can devalue by 50% tomorrow morning just because he’s constipated. Nobody wants the yuan, including the Chinese.

The Biggest Problem China Faces Isn’t Real Estate (Balding)

After it joined the World Trade Organization in 2000 and anchored the Chinese yuan (a.k.a. renminbi) to the U.S. dollar, China linked its economy to the United States. Enforcing a fixed exchange rate regime with strict capital controls, China benefited from large inflows and relatively low-interest rates due largely to the low-interest rate environment in the United States. What happens to the Chinese economy when interest rates increase in the United States? Sovereign currency policy faces the intractable dilemma of what economists call the “impossible trinity.” Countries can have a fixed exchange rate, free capital flow, or sovereign monetary policy but must choose only two of three. Economics textbooks give clean and clear definitions of each. Still, in reality, China tried to manipulate each and come out worse due to its attempts to manipulate the laws of economics.

Chinese Communist Party (CCP) technocrats attempted to create a system where they could enjoy the best of the three options and leave behind the worst parts. China implemented a quasi-fixed exchange rate, which is effectively a U.S. dollar index, with tightly controlled capital flows, and a semi-sovereign monetary policy. What almost no one noticed with the convoluted creation of Chinese currency policy attempting to adhere to the ‘impossible trinity’ was that for the last 20 years, China benefited from business cycle synchronization with the United States. Because the yuan was tied directly to the U.S. dollar and the United States kept interest rates low, China could keep its interest rates low. Now that the Federal Reserve (Fed) is raising interest rates, what impact will this have on China?

First, the days of easy money flows to China are over. For large parts of the last 20 years, Chinese interest rates were 3-5 percent higher than the United States. With either a fixed or semi-fixed exchange rate, this gave investors in China access to easy higher returns. With portfolio returns and foreign direct investment based upon interest rate differentials between the United States and China, this drew investor capital with fixed or heavily managed exchange rates creating easy returns. Investors have soured on China as an investment destination for a range of reasons. But when baseline returns are higher in U.S. government debt without any of the China issues, the financial motivation will dry up the biggest reason to send money.

Second, this will place enormous upward pressure on Chinese interest rates right as China’s economy is teetering. For most of the period since 2000, the Chinese and U.S. economies have been highly correlated. This allowed Chinese interest rates to follow the United States and enjoy a sustained period of low-cost money. However, now as the Fed is seeking to tamp down inflation and overheated demand, China is suffering through its weakest economy in probably post-opening up history.

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The atlas moth has wings that mimick two cobras watching her back.

 

 

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

 

 

 

Oct 022022
 


Marc Chagall The Feast of the Tabernacles 1916

 

Russia Makes It ‘Impossible For War To End’ – Borrell (RT)
The End of Western Hegemony is INEVITABLE – Putin (Konstantin Kisin)
Nord Stream Explosions Are A ‘Tremendous Opportunity’ – US (RT)
Europe ‘Indefinitely Deprived’ Of Key Gas Supply Route – Gazprom (RT)
Who Profits From Pipeline Terror? (Escobar)
Russian Gas Exports To EU Via TurkStream Plunge (RT)
Russia Halts Gas Delivery To Italy (RT)
Azerbaijan To Increase Gas Deliveries To Bulgaria, Via Greece (AP)
Greek Gas Utility Clinches Winter LNG Deal (R.)
The Euro Without Germany (Michael Hudson)
Thousands Of German Stores On Brink Of Closure – Spiegel (RT)
Zelensky’s Lies Can’t Hide Ukraine’s Bloody Role In The Holocaust (Dershowitz)
FBI Agents Improperly Saw Privileged Trump Communications: Lawyers (ET)
A Little Knowledge is a Dangerous Thing (Steve Keen)
FDA Withholds Autopsy Results on People Who Died After COVID-19 Vaccines (ET)
Next On Europe’s Doomsday List: Collapse Of Cell Phone Networks (ZH)
China Tells State Banks To Sell Dollars, Buy Yuan (R.)

 

 

 

 

“Good people do things for other people. That’s it. The end”

 

 

 

 

 

 

 

 

 

 

Said it before: Borrell is EU’s No.1 warmonger, he needs to go.

Try this one: Putin has created the opportunity for peace. By making it much harder for Ukraine to shell its -formerly- own Russian speaking population.

Russia Makes It ‘Impossible For War To End’ – Borrell (RT)

The accession of four former Ukrainian regions into Russia makes the conflict in Ukraine impossible to end, top EU diplomat Josep Borrell said on Saturday. Speaking to the Spanish RTVE channel, the bloc’s high representative for foreign affairs described the impending inclusion of the two Donbass Republics, and Zaporozhye and Kherson Regions, into the Russian Federation as an “annexation” and an act of “completely unjustified aggression.” “Putin makes it more difficult, even impossible, for the war to end,” Borrell said. The EU is committed to continuing its military support for Ukraine, the diplomat stressed. The bloc also intends to go ahead with another package of sanctions against Moscow “so that Russia would be isolated internationally,” he added.

Russia has consistently warned the West against “pumping up” Ukraine with weapons, saying that it would only prolong the conflict. Borrell’s claim that Russia’s “annexation” of new territories will further jeopardize a peaceful solution to the Ukraine crisis echoed earlier remarks by UN Secretary-General Antonio Guterres. Speaking on the eve of the accession ceremony for the former Ukrainian regions, Guterres condemned in very strong terms both their inclusion into Russia and the preceding referendums, and called on Russia “to step back from the brink.” In response, Moscow accused the secretary general of abusing his authority.

Putin, meanwhile, warned the Ukrainian authorities and their Western “handlers” that people living in the Donetsk and Lugansk People’s Republics, as well as in the regions of Kherson and Zaporozhye, have become Russian citizens “forever” because they made a choice “to be with their Motherland.” In his speech at the signing ceremony for the accession treaties, the president also accused the West of dreaming “to weaken and break up Russia,” of being “ready to cross every line to preserve the neo-colonial system,” and of overthrowing traditional values, which, in Putin’s opinion, amounts to “pure Satanism.” The Russian president did call on Kiev to “return to the negotiating table.” His Ukrainian counterpart, Vladimir Zelensky, however, said that his country was ready for dialogue with Russia, but “with another president.”

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“.. In the 80s they had another crisis they solved by “plundering our country”. Now they want to solve their problems by “breaking Russia”..

The End of Western Hegemony is INEVITABLE – Putin (Konstantin Kisin)

This is a reproduction of my live Twitter summary/translation of Vladimir Putin’s speech: I wish every single person in the West would listen to Putin’s speech. Obviously, that won’t happen so let me summarise as a professional translator for 10+ years. He states, as he has done from the outset, what his intentions and complaints are in the plainest terms possible. Setting aside his brief comments on the recent “referendums”, he spends most of his speech discussing the West. His primary complaint isn’t NATO expansion, which gets only a cursory mention. The West is greedy and seeks to enslave and colonise other nations, like Russia. The West uses the power of finance and technology to enforce its will on other nations. To collect what he calls the “hegemon’s tax”.

To this end the West destabilises countries, creates terrorist enclaves and most of all seeks to deprive other countries of sovereignty. It is this “avarice” and desire to preserve its power that is the reason for the “hybrid war” the collective West is “waging on Russia”. They want us to be a “colony”. They do not want us to be free, they want Russians to be a mob of soulless slaves – direct quote. The rules-based order the West goes on about is “nonsense”. Who made these rules? Who agreed to them? Russia is an ancient country and civilization and we will not play by these “rigged” rules. The West has no moral authority to challenge the referendums because it has violated the borders of other countries. Western elites are “totalitarian, despotic and apartheidistic” – direct quote.

They are racist against Russia and other countries and nations. “Russophobia is racism”. They discriminate by calling themselves the “civilised world”. They colonised, started the global slave trade, genocided native Americans, pillaged India and Africa, forced China to buy opium through war. We, on the other hand, are proud that we “led” the anti-colonial movement that helped countries develop to reduce poverty and inequality. They are Russophobic (they hate us) because we didn’t allow our country to be pillaged by creating a strong CENTRALISED (emphasis his) state based on Christianity, Islam, Judaism and Buddhism. They have been trying to destabilise our country since the 17th century in the Times of Trouble. Eventually, they managed to “get their hands on our riches” at the end of the 20th century.

They called us friends and partners while pumping out trillions of dollars (his irony game is strong today). We remember this. We didn’t forget. The West claims to bring freedom and democracy to other countries but it’s the exact opposite of the truth. The unipolar world is anti-democratic by its very nature. It is a lie. They used nuclear weapons, creating a precedent. They flattened German cities without “any military need to do so”. There was no need for this except to scare us and the rest of the world. Korea, Vietnam. To this day they “occupy” Japan, South Korea and Germany and other countries while cynically calling them “allies”. The West has surveillance over the leaders of these nations who “swallow these insults like the slaves they are”. He then talks about bioweapon research (haven’t heard about them for a while) and human experiments “including in Ukraine”.

The US rules the world by the power of the fist. Any country which seeks to challenge Western hegemony becomes an enemy. Their neocolonialism is cloaked in lies like “containment” of Russia, China and Iran. The concept of truth has been destroyed with fakes and extreme propaganda (irony game still strong). You cannot feed your people with printed dollars and social media. You need food and energy. But Western elites have no desire to find a solution to the food and energy crises *they* (emphasis his) created. They solved the problems at the start of 20c with WW1 and the US established dominance of the world via the dollar as a result of WW2. In the 80s they had another crisis they solved by “plundering our country”. Now they want to solve their problems by “breaking Russia”.

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“It’s obvious to everyone who benefits from it,” Putin explained. “Those who benefit are the ones who have done it.”

Nord Stream Explosions Are A ‘Tremendous Opportunity’ – US (RT)

The US views the sabotage of the Nord Stream gas pipelines as a “tremendous opportunity” to wean the continent off of Russian energy, Secretary of State Antony Blinken told reporters on Friday. With winter approaching, Blinken said that the US wants Europe to decrease its fuel use. Speaking to reporters in Washington, Blinken boasted that the US is now “the leading supplier of [liquefied natural gas] to Europe.” In addition to shipping its own fuel to Europe, Blinken said that the US is working with European leaders to find ways to “decrease demand” and “speed up the transition to renewables.” “It’s a tremendous opportunity to once and for all remove the dependence on Russian energy and thus to take away from [Russian President] Vladimir Putin the weaponization of energy as a means of advancing his imperial designs,”Blinken declared.

The US likely stands to gain the most from the destruction of the Nord Stream 1 and Nord Stream 2 gas pipelines, which were damaged by a series of explosions off the Danish island of Bornholm earlier this week. Washington has for years been trying to convince European leaders to swap Russian gas for its LNG, and the severity of the damage to the undersea conduits now means that Europe is “indefinitely deprived” of Russian gas via this route, Russian energy operator Gazprom stated on Friday. In a speech on Friday, President Vladimir Putin blamed the explosions on“the Anglo-Saxons,” a Russian colloquialism for the US-UK transatlantic alliance. “It’s obvious to everyone who benefits from it,” Putin explained. “Those who benefit are the ones who have done it.”

While the way is now open for the US to sell its more expensive LNG to Europe, the shortfall cannot be covered overnight. US exporters warned throughout the summer that they will not be able to ship enough gas to meet demand on the continent, and many of Europe’s import terminals are still under construction or in planning. Meanwhile, energy bills are skyrocketing across Europe. In Germany, which faces the prospect of rapid “deindustrialization,” protesters took to the streets to demand the re-opening of Nord Stream 2, just days before the explosions. Food shortages have been predicted in Germany and firewood is in hot demand across the continent as citizens struggle to heat their homes. “There’s a lot of hard work to do to make sure that countries and partners get through the winter,” Blinken said, suggesting, as EU leaders have also done, that Europe work to “reduce demand” for gas.

Blinken

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“..von der Leyen: [..] any “deliberate disruption of the European energy infrastructure is unacceptable and will lead to the strongest retaliation.”

Watch out US! Poland! Denmark! Sweden!

Europe ‘Indefinitely Deprived’ Of Key Gas Supply Route – Gazprom (RT)

The damage to Russia’s Nord Stream 1 and 2 pipelines means Europe is indefinitely deprived of one of its key gas supply routes, Gazprom spokesman Sergey Kupriyanov said on Friday. “Essentially, Europe is indefinitely deprived of one of the key routes for obtaining a crucial energy resource. Russia and Gazprom spent a huge amount of energy and money to build and launch these pipelines because this is the shortest and safest, as we thought, way for Russian gas to reach European consumers. Now the pipelines are standing with puncture holes,” Kupriyanov said at a UN Security Council meeting. Technical data “allows [Gazprom] to say with certainty” that the sharp pressure drops were caused by physical damage, the spokesman stressed.

According to him, at the time of the incident, the pipelines were not transporting gas, but both were filled with the fuel and ready for service. There were about 800 million cubic meters of gas in the strings, which is equivalent to Denmark’s gas consumption for three months. “Gazprom has begun searching for possible solutions to get the Nord Stream system back up and running, but the timeline cannot yet be estimated… This is a very difficult technical task,” Kupriyanov said, noting that in order to assess the situation, Gazprom will have to start with a physical inspection of the damaged areas. The Danish authorities reported leaks on the pipelines on Monday after a local pipeline operator noted a loss of pressure on both the Nord Stream 1 and 2 pipelines earlier that day.

Danish and Swedish seismologists later spoke of a series of undersea explosions in the area. The Russian, American, and Swedish authorities said the leaks might have been the result of a deliberate attack. European Commission head Ursula von der Leyen said the incidents were the result of sabotage, warning that any “deliberate disruption of the European energy infrastructure is unacceptable and will lead to the strongest retaliation.” Russia called the incident a “terrorist attack” and summoned a UN Security Council meeting over it.

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“The US State Department declared that the idea the US was involved is “preposterous.”

Who Profits From Pipeline Terror? (Escobar)

The notion that Russian intel would destroy Gazprom pipelines is beyond ludicrous. All they had to do was to turn off the valves. NS2 was not even operational, based on a political decision from Berlin. The gas flow in NS was hampered by western sanctions. Moreover, such an act would imply Moscow losing key strategic leverage over the EU. Diplomatic sources confirm that Berlin and Moscow were involved in a secret negotiation to solve both the NS and NS2 issues. So they had to be stopped – no holds barred. Geopolitically, the entity that had the motive to halt a deal holds anathema a possible alliance in the horizon between Germany, Russia, and China.

The Poles, moreover, are terrified that with Russia’s partial mobilization, and the new phase of the Special Military Operation (SMO) – soon to be transformed into a Counter-Terrorism Operation (CTO) – the Ukrainian battlefield will move westward. Ukrainian electric light and heating will most certainly be smashed. Millions of new refugees in western Ukraine will attempt to cross to Poland. At the same time there’s a sense of “victory” represented by the partial opening of the Baltic Pipe in northwest Poland – almost simultaneously with the sabotage. Talk about timing. Baltic Pipe will carry gas from Norway to Poland via Denmark. The maximum capacity is only 10 billion cubic meters, which happens to be ten times less than the volume supplied by NS and NS2. So Baltic Pipe may be enough for Poland, but carries no value for other EU customers.

Meanwhile, the fog of war gets thicker by the minute. It has already been documented that US helicopters were overflying the sabotage nodes only a few days ago; that a UK “research” vessel was loitering in Danish waters since mid-September; that NATO tweeted about the testing of “new unmanned systems at sea” on the same day of the sabotage. Not to mention that Der Spiegel published a startling report headlined “CIA warned German government against attacks on Baltic Sea pipelines,” possibly a clever play for plausible deniability. The Russian Foreign Ministry was sharp as a razor: “The incident took place in an area controlled by American intelligence.” The White House was forced to “clarify” that President Joe Biden – in a February video that has gone viral – did not promise to destroy NS2; he promised to “not allow” it to work. The US State Department declared that the idea the US was involved is “preposterous.”

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Netherlands banned “export and provision of pipes for Russia’s use”. And this is not deliberate?!

Russian Gas Exports To EU Via TurkStream Plunge (RT)

Russian gas flows to the EU via the TurkStream pipeline dropped by a quarter at the end of September compared to the end of August, the Russian newspaper Vedomosti reported on Saturday.According to the report, which cited data from the association of Europe’s transmission system operators, on September 29 about 32 million cubic meters of gas were supplied to the EU through the Strandzha 2-Malkoclar entry point on the Turkish-Bulgarian border. This is about 25% less than at the end of August, when the pipeline supplied about 43 million cubic meters of gas per day. On Thursday, the Russian-owned operator of the TurkStream pipeline,

South Stream Transport, said that the Netherlands had withdrawn its gas export license due to the latest EU sanctions package against Russia, which implies a ban on the export and provision of pipes for Russia’s use. Announcing their decision to revoke the license ahead of schedule, the Dutch authorities also referred to the ban on the supply of goods and provision of services, including technical assistance and maintenance of the pipeline in Russia’s exclusive economic zone and on its continental shelf. European gas futures spiked on the news of the license withdrawal, jumping 10% on Friday to $2,087 per thousand cubic meters, or €205.995 per megawatt hour.However, South Stream Transport later noted that the sanctions do not expressly impose restrictions on the transportation of gas via the pipeline. The company has already applied for a renewal of its export license.

Representatives of the operator said that the gas delivered to Europe via Turkish Stream supports the region’s energy security and that the pipeline is likely to be exempted from sanctions for this reason. TurkStream is a two-string pipeline with capacity of 31.5 billion cubic meters of gas per year. It carries Russian gas across the Black Sea to Türkiye and from there to countries of southern and southeastern Europe. With Nord Stream 1 currently out of operation due to this week’s leakage, TurkStream is the only remaining gas transmission system that bring gas to Europe besides the transit line running through Ukraine. Russian presidential spokesman Dmitry Peskov said on Friday that the TurkStream license withdrawal would not affect its operation and that gas supplies continue.

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“..the temperature when heating buildings will be reduced by one degree Celsius..”

Russia Halts Gas Delivery To Italy (RT)

Russia’s Gazprom has informed Italian energy company Eni that it will not be able to supply gas to the country on Saturday, due to the “impossibility of transporting it” through Austria, the Italian company said in a statement. “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian gas supplies to Eni through the Tarvisio entry point will be at zero,” the statement from Eni said, as cited by news agency RIA Novosti. Eni has said it will provide further information “in case supplies will be restored.” Gazprom has not yet specified the reason for its inability to supply gas through Austria. Grid operator Gas Connect Austria has not made any statements regarding the situation so far.


Italy receives Russian gas via the one remaining transit line through Ukraine. The gas flows to Italy after passing through Austria. Other European countries that receive Russian gas through Ukraine include Slovakia, Moldova, Romania, and the Czech Republic. Earlier, the website of the Ukrainian gas transit operator reported that the flow through Ukraine is expected to amount to around 41.6 million cubic meters on October 1. Since February, the share of Russian gas in Italian imports has fallen from 40% to roughly 18%, with the authorities saying they can cope with the shortfall expected in the winter by using alternative fuel sources. The country has adopted an energy-saving plan to reduce gas consumption. As part of this plan, the heating season will be cut by 15 days and the temperature when heating buildings will be reduced by one degree Celsius.

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AP doesn’t specify how much goes to Greece, but I would guess at least 1 billion cubic meters.

Azerbaijan To Increase Gas Deliveries To Bulgaria, Via Greece (AP)

Azerbaijan’s president said Friday that his country is a reliable partner and will stick to an agreement to double gas exports to the European Union by 2027. Speaking to reporters in Bulgaria’s capital, President Ilhan Aliyev called a new gas interconnector with Greece “a historic achievement and an opportunity for Azeri gas to reach Europe in larger quantities.” Aliyev was in Sofia for the official launch Saturday of a new pipeline that will supply natural gas from Azerbaijan to Bulgaria, whose vital supply of Russian gas was cut off in April amid the fallout from Russia’s invasion of Ukraine. At the event on Saturday, he will join heads of state and governments from the region, as well as European Commission President Ursula von der Leyen.

The 182-kilometer pipeline is designed to run from the northeastern Greek city of Komotini to Stara Zagora in central Bulgaria. It is expected to start with an initial capacity of 3 billion cubic meters of gas a year, with the prospect of future expansion to 5 billion cubic meters. Bulgarian President Rumen Radev stressed the importance of the new gas link not only for Bulgaria, but for the continent. “It decisively changes the energy map of Europe,” he said. The desire for other sources of gas increased significantly after Moscow decided to turn its natural gas deliveries into a political weapon. In late April, Russia cut off gas supplies to Bulgaria after it refused Moscow’s demand to pay for the deliveries in rubles, Russia’s currency. Relations between the two former Soviet bloc allies have tanked in recent months, and last month Bulgaria ordered the expulsion of 70 Russian diplomats, triggering an angry response from Moscow.

Bulgaria, which has a contract for 1 billion cubic meters of Azeri gas, or one-third of the country’s annual needs, wants to increase the volume by between a half-billion to 1 billion cubic meters more per year following the suspension of Russian gas flows were suspended. Radev said he received a letter Thursday from gas system operators in Bulgaria, Romania, Hungary, and Slovakia that offered to transport gas from Azerbaijan using the integrated networks of their countries. He said Bulgaria could host a summit of the four countries to discuss possibilities for such gas transfers. The topic has become important after Russia said it would suspend some maintenance and repair work of a gas pipeline that supplies Turkey and countries like Serbia and Hungary.

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“TotalEnergies operates in over 130 countries spanning five continents..” US LNG? Qatar?

Greek Gas Utility Clinches Winter LNG Deal (R.)

Greece’s biggest gas utility, DEPA Commercial, has clinched a deal with TotalEnergies for the supply of liquefied natural gas (LNG) over the winter months if needed, the Greek energy ministry said on Thursday. The deal stipulates that TotalEnergies will supply Greece with two LNG cargoes a month for five months until March 2023, the ministry said in a statement The total LNG that would be delivered for the five months would be 10 terrawatt hours (TWh), though Greece reserves the right not to purchase the gas but pay a cancellation fee. A deal price was not disclosed, but the ministry said Greece would buy the gas at a benchmark price rather than the highly TTF price.


“It’s a deal of key importance for the country’s energy supplies in the event gas flows from Russia are curbed or halted,” the statement said. Greece has been receiving Russian gas via the TurkStream pipeline, which also delivers to Hungary via Serbia. Athens has been working to reduce its reliance on Russian gas, ramping up LNG supplies and reopening some coal-fired power plants while also preparing to switch some gas-fired stations to diesel.

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“The problem is that its plans for how the Ukraine war and anti-Russian sanctions have worked out so far have been just the reverse of what was announced.”

The Euro Without Germany (Michael Hudson)

On Tuesday, September 27 when news of the Nord Stream gas attacks became known, U.S. Secretary of State Antony Blinken shed crocodile tears and said that attacking Russian pipelines was “in no one’s interest.” But if that really were the case, no one would have attacked the gas lines. I have no doubt that U.S. strategists have a game plan for how to proceed from here, and to do so that indeed is in what the neocons claim to be in the U.S. interest – that of maintaining a unipolar neoliberalized and financialized global economy for as long as they can. They have long had a plan for countries that are unable to [service] their foreign debts. The IMF will lend them the money, conditional upon the debtor country raising the foreign exchange to repay the (increasingly expensive) dollar loans by privatizing what remains of their public domain, natural-resource patrimony and other assets, mainly to U.S. financial investors and their allies.

Will it work? Or will debtor countries band together and work out ways to restore the seemingly lost world of affordable oil and gas prices, fertilizer prices, grain and other food prices, and metals or raw materials supplied by Russia, China and their allied Eurasian neighbors? That is the next great worry for U.S. global strategists. It seems less easy to solve than was done by the sabotage of Nord Stream 1 and 2. But the solution seems to be the usual U.S. approach: something military in nature, new color revolutions. The aim is to gain the same power over Global South and Eurasian countries that American diplomacy wielded over Germany and other European countries via NATO.

Unless an institutional alternative is created to the IMF, World Bank, International Court, World Trade Organization and the numerous UN agencies now biased by U.S. diplomats and their proxies, the coming decades will see the U.S. economic strategy of financial and military dominance unfold as Washington has planned. The problem is that its plans for how the Ukraine war and anti-Russian sanctions have worked out so far have been just the reverse of what was announced. That may give some hope for the world’s future. The opposition and even contempt by U.S. diplomats to other countries acting in their own economic interest and social values is so strong that they are unwilling to think through just how these countries might develop their own alternative to the U.S. world plan. The question is thus how successfully these other countries may develop their alternative new economic order, and how they can protect themselves from the fate that Europe has just imposed upon itself for the next decade.

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“16,000 businesses may go bankrupt this year..” Imagine next year.

Thousands Of German Stores On Brink Of Closure – Spiegel (RT)

Over 15,000 German stores are facing bankruptcy due to soaring energy costs, Der Spiegel reported on Friday, citing the German Retail Association (HDE). According to the report, the HDE wrote a letter to Vice-Chancellor and Economy Minister Robert Habeck in which it warned that the “exploding energy costs” are making it impossible for increasing numbers of retailers to make ends meet. The group called the situation “existentially threatening” and said that around 16,000 businesses may go bankrupt this year, while the “negative trend” is likely to continue through 2023. The group said the rise in energy costs, which have spiked by 147% on average since the beginning of the year, is preventing retailers from making a profit. The share of electricity costs in sales volumes for retailers has already reached almost 3% on average and many in the industry expect this figure to rise to as high as 5% in 2023.


According to HDE President Josef Sanktjohanser and Managing Director Stefan Genth, the returns generated in many retail sectors are already extremely low today. In the case of clothing, the operating profit as a percentage of sales is 2.1%, while in the case of shoes it is currently negative at -1.2%. Even in the food segment, it is only 2-4%. Such a state of affairs may put many companies “at a disadvantage,” the group warned. Given the sharp decline in the purchasing power of private households and record-high inflation, it will likely not be possible to shift the rising energy costs to consumers, the HDE states. Therefore, the group urged Berlin to intervene by temporarily limiting tariffs and cutting electricity taxes to a minimum.

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“Ukraine’s parliament formally abandoned neutrality later in 2014.”

The Great Game In Ukraine Is Spinning Out Of Control (Jeffrey Sachs)

Under Clinton’s watch, NATO expanded to Poland, Hungary, and the Czech Republic in 1999. Five years later, under President George W. Bush, Jr. NATO expanded to seven more countries: the Baltic states (Estonia, Latvia, and Lithuania), the Black Sea (Bulgaria and Romania), the Balkans (Slovenia), and Slovakia. Under President Barack Obama, NATO expanded to Albania and Croatia in 2009, and under President Donald Trump, to Montenegro in 2019. Russia’s opposition to NATO enlargement intensified sharply in 1999 when NATO countries disregarded the UN and attacked Russia’s ally Serbia, and stiffened further in the 2000’s with the US wars of choice in Iraq, Syria, and Libya. At the Munich Security conference in 2007, President Putin declared that NATO enlargement represents a “serious provocation that reduces the level of mutual trust.”

Putin continued: “And we have the right to ask: against whom is this expansion intended? And what happened to the assurances [of no NATO enlargement] our western partners made after the dissolution of the Warsaw Pact? Where are those declarations today? No one even remembers them. But I will allow myself to remind this audience what was said. I would like to quote the speech of NATO General Secretary Mr. Woerner in Brussels on 17 May 1990. He said at the time that: ‘the fact that we are ready not to place a NATO army outside of German territory gives the Soviet Union a firm security guarantee.’ Where are these guarantees?” Also in 2007, with the NATO admission of two Black Sea countries, Bulgaria and Romania, the US established the Black Sea Area Task Group (originally the Task Force East).

Then in 2008, the US raised the US-Russia tensions still further by declaring that NATO would expand to the very heart of the Black Sea, by incorporating Ukraine and Georgia, threatening Russia’s naval access to the Black Sea, Mediterranean, and Middle East. With Ukraine’s and Georgia’s entry, Russia would be surrounded by five NATO countries in the Black Sea: Bulgaria, Georgia, Romania, Turkey, and Ukraine. Russia was initially protected from NATO enlargement to Ukraine by Ukraine’s pro-Russian president Viktor Yanukovych, who led the Ukrainian parliament to declare Ukraine’s neutrality in 2010. Yet in 2014, the US helped to overthrow Yanukovych and bring to power a staunchly anti-Russian government. The Ukraine War broke out at that point, with Russia quickly reclaiming Crimea and supporting pro-Russian separatists in the Donbas, the region of Eastern Ukraine with a relatively high proportion of Russian population. Ukraine’s parliament formally abandoned neutrality later in 2014.

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Churchill, Nobel Peace Prize, but embedded in the Bandera legacy. Yeah, makes a lot of sense…

Zelensky’s Lies Can’t Hide Ukraine’s Bloody Role In The Holocaust (Dershowitz)

Volodymyr Zelensky has performed a truly great service on behalf of the Ukrainian people. Because of his Churchill-like determination to resist Russian aggression, I have proposed him for the Nobel Peace prize. But he has in the recent past mendaciously denied the role of Ukrainian people in the Holocaust. He has used that argument to forcefully claim that Israel owes Ukraine offensive weapons. Several days ago, he escalated his criticism, saying he shocked that Israel hasn’t capitulated to his demands. He has never apologized for the following statement he made this past March: “The Ukrainians made a choice 80 years ago, we saved Jews…” He is right the Ukrainian people made a choice 80 years ago, but it wasn’t to save Jews.

Almost without exception, Ukrainians either participated in the mass murder of Jews or said nothing as their Jewish neighbors were rounded up and slaughtered in places like Babi Yar. Many of those who pulled the trigger were themselves Ukrainian, recruited into the mobile killing squads by the Nazis. Vanishingly few saved Jews. The complicity of Ukrainians in these mass murders was greater than in most other countries. Hundreds of thousands of Ukrainian Jews were murdered. Nor was this the first time that the Ukrainian people made a similar choice. In 1648, Bogdan Chmielnicki led a pogrom that resulted in the deaths of tens of thousands of Jews, including babies, children, and mothers. That was a long time ago, but the statue of this genocidal murderer still stands in the center of Kyiv, and his picture still adorns the Ukrainian five-dollar bill. That is now! Ukraine has made a choice: to honor the memory of a mass murderer of Jews.

Between the Chmielnicki murders and the Holocaust, the Ukrainian people made many other choices: they conducted pogrom after pogrom against Jewish families. Antisemitism was rampant throughout the Ukraine. That is why so many Ukrainian Jews immigrated to the United States and elsewhere. In recent years, the situation in Ukraine has improved measurably. Though there are still a large number of antisemites in Ukraine—including in certain units of the armed forces—the remembrance of the Holocaust has caused many Ukrainians to abandon the traditional antisemitism that plagued the country. They even voted for Zelensky, who is a man of Jewish heritage.

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“..Plaintiff is asking the Special Master to order disclosure of the names of each attorney and Special Agent who was exposed to materials eventually provided to the Privilege Review Team.”

FBI Agents Improperly Saw Privileged Trump Communications: Lawyers (ET)

The FBI team that seized documents from former President Donald Trump’s Florida resort improperly viewed communications between Trump and an attorney, violating attorney-client privilege for a third time, lawyers for Trump said in a new filing. The filter process set up by the government to try to prevent FBI agents from viewing privileged materials has already failed twice, the government has acknowledged. On Sept. 26, government officials informed Trump lawyers of a third failure, the lawyers said in a new filing lodged in a federal court in southern Florida. FBI agents viewed an email that they sent to the Privilege Review Team, a team that was supposed to filter out all potentially privileged materials before agents were able to view any.

The review team has characterized the email as non-privileged, but Trump disagrees. “Plaintiff believes the email falls squarely into the category of attorney-client privileged,” Trump lawyers told U.S. District Judge Raymond Dearie, a Reagan appointee who is serving as a special master in the case. Benjamin Hawk, the Department of Justice (DOJ) official in charge of the filter team, claimed during a recent hearing that the first two failures to separate potentially privileged materials were examples of the filter process working, but U.S. District Judge Aileen Cannon, the Trump appointee who inserted Dearie into the case, expressed doubt. The instances “indicate that, on more than one occasion, the Privilege Review Team’s initial screening failed to identify potentially privileged material,” she said.

FBI agents who viewed the potentially privileged materials may still be working on the case, according to a sealed filing described by Cannon. In the new filing, Trump’s lawyers said they want the names of all government officials who were exposed to the potentially privileged materials. “The unilaterally imposed filter team, which made no effort to contact Plaintiff’s counsel throughout its review process, has admitted to three breaches so far,” the lawyers said. “All this before review by the Special Master and the Plaintiff. By way of this filing, Plaintiff is asking the Special Master to order disclosure of the names of each attorney and Special Agent who was exposed to materials eventually provided to the Privilege Review Team.”

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Double-entry bookkeeping tells Steve that money is indeed destroyed. Just as Hyman Minsky and Augusto Graziani said.

A Little Knowledge is a Dangerous Thing (Steve Keen)

I owe enormous intellectual debts to Hyman Minsky and Augusto Graziani. But at one point, my “little knowledge” led me to believe, falsely, that they had both made a huge mistake in claiming that repaying debt destroyed money: Graziani: As soon as firms repay their debt to the banks, the money initially created is destroyed. (Graziani 1989) Money is created as banks lend—mainly to business—and money is destroyed as borrowers fulfill their payment commitments to banks. (Minsky 1982) This couldn’t be right, I thought: surely once banks had created money, they wouldn’t let it be destroyed? I considered cash loans in particular—surely the cash wasn’t destroyed on receipt, but put back into the vault for relending?

This is why the model of money in my Debunking Economics (Keen 2011) is of a cash-lending bank, and not a modern electronic banking system, where loans are simultaneously matched by direct payments into deposit accounts. Then I developed Minsky, the monetary modelling software that I named in honour of Hyman Minsky. I came to really understand double-entry bookkeeping, and realised that Minsky and Graziani were correct, and I was wrong. These days, money is primarily the sum of private bank deposit accounts. When you show modern bank lending and bank debt repayment in a double-entry table, it’s obvious that the former creates money, and the latter destroys it.

This points to a general rule about money creation and destruction: leaving aside cash loans, and direct government payments of cash to the non-bank public, to create money, an operation must increase both the Assets and Liabilities (or short-term Equity) sides of the banking system’s ledger. Conversely, this means that operations that occur exclusively on either the Assets side or Liabilities & Equity side neither create nor destroy money. Having made this mistake myself, I came to realise that understanding double-entry bookkeeping is the “Holy Grail” to understanding money, and therefore that if someone makes claims about money that contradict double-entry bookkeeping (DEB for short), then they should be ignored, because they don’t know what they are talking about.

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“If someone submits their experience to VAERS they want and expect to have it investigated by the FDA. This includes autopsy reports..”

FDA Withholds Autopsy Results on People Who Died After COVID-19 Vaccines (ET)

The U.S. Food and Drug Administration (FDA) is refusing to release the results of autopsies conducted on people who died after getting COVID-19 vaccines. The FDA says it is barred from releasing medical files, but a drug safety advocate says that it could release the autopsies with personal information redacted. The refusal was issued to The Epoch Times, which submitted a Freedom of Information Act for all autopsy reports obtained by the FDA concerning any deaths reported to the Vaccine Adverse Event Reporting System following COVID-19 vaccination. Reports are lodged with the system when a person experiences an adverse event, or a health issue, after receiving a vaccine. The FDA and other agencies are tasked with investigating the reports. Authorities request and review medical records to vet the reports, including autopsies.

The FDA declined to release any reports, even redacted copies. The FDA cited federal law, which enables agencies to withhold information if the agency “reasonably foresees that disclosure would harm an interest protected by an exemption,” with the exemption being “personnel and medical files and similar files the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.” Federal regulations also bar the release of “personnel, medical and similar files the disclosure of which constitutes a clearly unwarranted invasion of personal privacy.” The Epoch Times has appealed the denial, in addition to the recent denial of results of data analysis of VAERS reports.

Kim Witczak, a drug safety advocate who advises the FDA as part of the Psychopharmacologic Drugs Advisory Committee, said that the reports could be released with personal information blacked out. “The personal information could easily be redacted without losing the potential learnings from [the] autopsy,” Witczak told The Epoch Times via email. People make the choice to submit autopsy results to the Vaccine Adverse Event Reporting System, Witczak noted. “If someone submits their experience to VAERS they want and expect to have it investigated by the FDA. This includes autopsy reports,” she said.

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“..most of them have battery backups that last around 30 minutes to run the mobile antennas. After that they go dark.”

Next On Europe’s Doomsday List: Collapse Of Cell Phone Networks (ZH)

It’s not just heating that could be missing across Europe this winter: cell phones may be the next to go. That’s because if power cuts or energy rationing knocks out parts of the mobile networks across the region, mobile phones could go dark around Europe this winter according to the latest doomsday reporting from Reuters. While everyone knows by now that Europe’s chances of rationing and power shortages have exploded ever since Moscow suspended gas supplies, in France, the situation is even worse as several nuclear power plants are shutting down for maintenance. And the cherry on top: telecom industry officials told Reuters they fear a severe winter will put Europe’s telecoms infrastructure to the test, forcing companies and governments to try to mitigate the impact (i.e., more bailout demands).

The problem, as four telecoms executives put it, is that currently there are not enough back-up systems in many European countries to handle widespread power cuts, raising the prospect of mobile phone outages. Realizing that in just weeks Europe could be cell phone free, countries including France, Sweden and Germany, are scarmbling to ensure communications can continue even if power cuts end up exhausting back-up batteries installed on the thousands of cellular antennas spread across their territory. Alas, like with everything else in Europe, it’s too little, too late and Europe is facing a truly historic cell phone black out because while Europe has nearly half a million telecom towers, most of them have battery backups that last around 30 minutes to run the mobile antennas. After that they go dark.

One of the alternatives being discussed is pushing Europe back to communist era blackout regimes: In France, a plan put forward by electricity distributor Enedis, includes potential power cuts of up to two hours in a worst case scenario, two sources familiar with the matter said. The general black-outs would affect only parts of the country on a rotating basis. Essential services such as hospitals, police and government will not be impacted, the sources said. And now, it appears that cell phones are considered essential too: the French Federation of Telecoms (FFT), a lobby group representing Orange, Bouygues Telecomand Altice’s SFR, put the spotlight on Enedis for being unable to exempt antennas from the power cuts.

Enedis said it was able to isolate sections of the network to supply priority customers, such as hospitals, key industrial installations and the military and that it was up to local authorities to add telecoms operators infrastructure to the list of priority customers. “Maybe we’ll improve our knowledge on the matter by this winter, but it’s not easy to isolate a mobile antenna (from the rest of the network),” said a French finance ministry official with knowledge of the talks.

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What Reuters claims here is that the banks are today pushed to not sell, but buy dollars -with yuan-, only to sell them tomorrow, to support the yuan?!

At the same time, China wants the yuan to play a big part in the new currency basket they want to replace the USD as reserve currency. Problem is, it’s too weak right now.

China Tells State Banks To Sell Dollars, Buy Yuan (R.)

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan’s descent, four sources with knowledge of the matter said. State banks were told to ask their offshore branches, including those based in Hong Kong, New York and London, to review their holdings of the offshore yuan and ensure U.S. dollar reserves are ready to be deployed, three of the sources, who declined to be identified, told Reuters. The simultaneous selling of dollars and buying of yuan could put a floor under the Chinese currency, which has lost more than 11% to the dollar so far this year and looks set for its biggest annual loss since 1994, when China unified its official and market rates.

The scale of this round of dollar selling to defend the weakening yuan will be rather big, one of the sources said. [..] While the yuan’s depreciation has been gradual and in line with the decline in major currencies against a dollar buoyed by aggressive Federal Reserve monetary tightening, its decline to the weaker side of 7-per-dollar has raised concerns about domestic sentiment and potential capital outflows. The offshore yuan moves in lock-step with the onshore unit, but its trading volumes account for about 70% of all yuan FX trades globally, dwarfing the volumes traded on the mainland. Chinese authorities have intervened in the past in the offshore yuan market to steer the yuan.

Sources said the intervention plan involved using state lenders’ dollar reserves primarily. But the total amount of dollar selling is yet to be determined as the yuan’s movements are largely dependent on dollar moves and the Fed’s tightening trajectory, the source said. China burnt through $1 trillion of its official FX reserves to prop up the currency after a one-off 2% devaluation in 2015 that roiled global financial markets. State banks, which usually act as the PBOC’s agents in offshore markets, are scrambling to procure more dollars in offshore markets, one of the sources said. The People’s Bank of China did not respond immediately when asked by Reuters about state banks stocking up on dollars.

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Mar 192022
 


Salvador Dali Eggs on the plate (without the plate) 1932

 

Shadows Within Shadows (Jim Kunstler)
The Dominance Of The US Dollar Is Fading Right Before Our Eyes (QTR)
All That Glitters Is Not Necessarily Russian Gold (Escobar)
Dollar Dominance Is Going To Be With Us For Decades To Come (Fickling)
Ukraine Adopts WEF Proposals (Armstrong)
NATO Calls up 100s of 1000s of Troops Ready to Begin WWIII (Armstrong)
The Times Finally Admits: Hunter’s Laptop Is Real (NYP op-ed)
How Dem Officials, The Media And Big Tech Buried The Hunter Biden Story (NYP)
Food Supply Chains “Falling Apart” In Ukraine (ZH)
Russia Blocks Ships Carrying Grain Exports (DW)
“Died Suddenly” Solved (Chesnut)
UK will HIDE Vaccinated Cases and Deaths (Chudov)
Two UK Residents Died of Blood-Clotting Disorders Linked to AstraZeneca (CHD)
CDC Removes 24% of Child COVID-19 Deaths, Thousands of Others (ET)
Fauci Says He’s Considering Stepping Down (ET)

 

 


Fresco in Prague, dedicated to the children of Ukraine

 

 

Hungry people are dangerous

 

 

 

 

Rickards

 

 

Safe and effective

 

 

“How do we propose to get these things into Ukraine? Fly the stuff in on USAF C-17 Globemaster transport planes? To what airfield, exactly?”

Shadows Within Shadows (Jim Kunstler)

The regime behind “Joe Biden” appears to relish the prospect of dragging out this crisis as long as possible, despite the fact that we have about zero national interest in the fate of Ukraine, except perhaps for our fears about the dark secrets that reside there…. Amid an all-out campaign of contrived World War Three hysteria, our country aims to send about $14-billion in aid to Ukraine post-haste, including more javelin anti-tank missiles and weapons described as “kamikaze drones,” posing some thorny questions for curious observers. How do we propose to get these things into Ukraine? Fly the stuff in on USAF C-17 Globemaster transport planes? To what airfield, exactly? And with what assurance that they can make delivery without encountering, shall we say, induced mechanical failure before landing?

Drive the weapons across the border from Poland, Slovakia, Hungary, Romania, or Moldova? Do you not suppose that Russia has satellite surveillance of the limited number of road crossings along that frontier, and will be watching for truck convoys. More likely, that dollar number and the weaponry talk are fantasies intended to propitiate the roughly thirty percent of Americans whom, pollsters report, are avid for an apocalyptic nuclear showdown with Russia. Thirty percent, by the way, is the estimate by psychologists of any given population susceptible to mass formation psychosis — the transfiguration of anxiety-and-anomie-driven persons from something like harmless grasshoppers into ravaging human locusts.

That group derangement phenomenon has been managed artfully by America’s Deep State in recent years starting with the Russia Collusion hoax against the alleged monsterdom of Mr. Trump, then shifted to the frenzy around Covid-19 virus, with all its sickening rituals of obedience and submission, and now segued seamlessly to the melodrama of Vladimir Putin cast as King Kong manhandling Fay Wray as personified by Ukraine. Readers assure me that Russia is “getting its ass kicked” in that sore-beset, yawning expanse of wheat and mud that has been, one way or another, a domain of Russia longer than the USA has been nation — except the past thirty-odd years when it has been a playground for homegrown oligarch-looters, US State Department and CIA gamesters, and grift-seeking rogues such as Mr. Hunter R. Biden and the relatives of John Kerry and Nancy Pelosi.

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Three articles on the USD. I still tend to side with No. 3, I don’t see what could replace the dollar. Certainly not the yuan, not as long as Xi demands full control of it.. There’s gold, and bitcoin, and SDR, and then maybe a fiat basket of currencies. Whatever comes, it will take a long time.

The Dominance Of The US Dollar Is Fading Right Before Our Eyes (QTR)

Saudi Arabia, which is a nation of major consequence economically due to its significant oil and gas reserves, has reportedly embraced the idea of accepting Yuan instead of dollars for Chinese oil sales. Not unlike Russia and China’s plans to de-dollarize, that date back nearly a decade, the Saudis have been considering this idea for six years already. And not unlike Russia and China’s new economic tie-up, the catalyst for speeding up the process has been U.S. foreign policy: Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said. The consideration by Saudi Arabia is consequential. It shows that other nations, when forced to choose sides between the U.S. and its foes, don’t feel obligated to commit to the U.S. dollar, further undermining the world’s perception about the dollar’s strength. Not unlike Russia, Saudi Arabia is a country that, regardless of how much its currency may “devalue” versus a fiat basket of currencies, is still backed by finite resources. This gives the country and its currency intrinsic strength. Russia seems to understand this. In fact, just this morning, Russian Foreign Minister Sergei Lavrov, likely alluding to this fact, said that economic sanctions against Russia make the country “stronger”.

Saudi Arabia is now another serious name on the list of contenders who have the currency bite to back up the economic rhetoric bark of challenging the dollar. As The Wall Street Journal notes, the Saudis have “traded oil exclusively in dollars since 1974, in a deal with the Nixon administration that included security guarantees for the kingdom.” The U.S. dollar’s ties to oil have been crucial in helping prop up the currency’s demand globally. These ties have also helped drum up the psychological buy-in necessary for the world to collectively accept that “the next guy” is going to want their U.S. dollars. But given the alliance between Russia and China – and the newfound alliance between Saudi Arabia and China – it looks as though that confidence game might be coming to an end right before our very eyes.

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Love Pepe, but this does’t sound credible.

All That Glitters Is Not Necessarily Russian Gold (Escobar)

The Eurasia Economic Union (EAEU) and China are starting to design a new monetary and financial system bypassing the U.S. dollar, supervised by Sergei Glazyev and intended to compete with the Bretton Woods system. Saudi Arabia – perpetrator of bombing, famine and genocide in Yemen, weaponized by U.S., UK and EU – is advancing the coming of the petroyuan. India – third largest importer of oil in the world – is about to sign a mega-contract to buy oil from Russia with a huge discount and using a ruble-rupee mechanism. Riyadh’s oil exports amount to roughly $170 billion a year. China buys 17% of it, compared to 21% for Japan, 15% for the U.S., 12% for India and roughly 10% for the EU. The U.S. and its vassals – Japan, South Korea, EU – will remain within the petrodollar sphere. India, just like China, may not.

Sanction blowback is on the offense. Even a market/casino capitalism darling such as uber-nerd Credit Suisse strategist Zoltan Poznar, formerly with the NY Fed, IMF and Treasury Dept., has been forced to admit, in an analytical note: “If you think that the West can develop sanctions that will maximize the pain for Russia by minimizing the risks of financial stability and price stability for the West, then you can also trust unicorns.” Unicorns are a trademark of the massive NATOstan psyops apparatus, lavishly illustrated by the staged, completely fake “summit” in Kiev between Comedian Ze and the Prime Ministers of Poland, Slovenia and the Czech Republic, thoroughly debunked by John Helmer and Polish sources.

Poznar, a realist, hinted in fact at the ritual burial of the financial chapter of the “rules-based international order” in place since the early Cold War years: “After the end of this war ‘money’ “will never be the same”. Especially when the Hegemon demonstrates its “rules” by encroaching on other people’s money. And that configures the central tenet of 21st century martial geopolitics as monetary/ideological. The world, especially the Global South, will have to decide whether “money” is represented by the virtual, turbo-charged casino privileged by the Americans or by real, tangible assets such as energy sources. A bipolar financial world – U.S. dollar vs. yuan – is at hand.

There’s no surefire evidence – yet. But the Kremlin may have certainly gamed that by using Russia’s foreign reserves as bait, likely to be frozen by sanctions, the end result could be the smashing of the petrodollar. After all the overwhelming majority of the Global South by now has fully understood that the backed-by-nothing U.S. dollar as “money” – according to Poznar – is absolutely untrustworthy. If that’s the case, talk about a Putin ippon from hell.

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Thread.

“..would take decades to come to fruition. And that only gets you to the point where the yuan is as important as, say, the euro or the yen.”

Dollar Dominance Is Going To Be With Us For Decades To Come (Fickling)

I regularly scoff about the wild claims about the yuan replacing the dollar as a global currency. But every time I look at the data I’m still *amazed* at just how irrelevant the yuan is: Banks *in China itself* still use the greenback for more than two-thirds of their cross-border claims. Just 14% are denominated in yuan.

As is often pointed out, the Swiss Franc and Canadian and Australian dollars are used in more FX transactions than the Chinese yuan. It’s likely the yuan is more used down than in this 2019 data, but also consider that much of those flows will be with the Hong Kong dollar.

Which however you look at it is not exactly a global monetary transaction. The key thing that I think people fail to understand about the dollar’s global importance is that it’s founded not so much on the U.S. dollar regulated by the U.S. Federal Reserve, but the eurodollar, an instrument that few people know about and fewer understand. Are eurodollars money? Well, kinda. They owe their value to the fact that they’re freely convertible with U.S. dollars, on the balance sheets of banks in the U.S. But they are created on the balance sheets of banks outside the U.S. and not subject to Federal Reserve regulation. Eurodollars were the crypto of their day — a way to create money out of sight of government regulation. Their origin was in the dollar deposits of Communist countries after World War II, which the kept in Europe so that the Fed wouldn’t be able to freeze their assets.

It’s absolutely true that the Fed’s post-2008 swap lines, and the growing use of the dollar to extend the reach of Washington’s secondary sanctions, and the action against the central bank of Russia last month, start eroding the eurodollar’s autonomy. But compare it to assets in a country like China with a closed capital account and sweeping asset forfeiture rules like China’s so-called anti-sanctions law last year, and money based on the eurodollar is still the closest thing the world has to unregulated global finance.

If China opens up its capital account, starts running up huge budget deficits to provide more of a supply of safe assets, and establishes a solid reputation for rule of law, it might start to chip away at the edges of this edifice. But any one of those conditions on its own would be an epic, extraordinary policy change, and would take decades to come to fruition. And that only gets you to the point where the yuan is as important as, say, the euro or the yen.

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WEF AND crypto?!

Ukraine Adopts WEF Proposals (Armstrong)

Zelensky has just signed into law the first steps of Schwab’s Great Reset. He announced he is introducing a Social Credit Application combining Universal Basic Income (UBI), a Digital Identity & a Vaccine Passport all within their Diia app. He also says that because so much money is coming into Ukraine as he has become an international celebrity, he has legalized cryptocurrencies in Ukraine. He will allow foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation. So far, he has taken in over $63 million in cryptocurrency donations.

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100,000 US troops sent to Europe to NOT start a war.

NATO Calls up 100s of 1000s of Troops Ready to Begin WWIII (Armstrong)

The pressure to start World War III is on. NATO now expects that there will be a major war with Russia and the confrontation may come even in a few weeks. The NATO Secretary-General announced an increased war alert for hundreds of thousands of soldiers. Stoltenberg issued a joint statement with US Secretary of Defense Lloyd Austin, stating that hundreds of thousands of NATO troops were placed on high alert along with 100,000 US troops. The problem with war is that BOTH sides lie and twist the facts to support their own agenda. They paint their adversary as evil to stir up the troops to go fight and risk their lives typically for fake stories and agendas.

The Press is deliberately trying to create World War III and is engaged in using photos of children hurt and others from events unrelated to Ukraine. This is all to beat the war drums to create World War III without any honest understanding of what that will mean. Despite the hatred and demonization of Putin, he has been trying to take the high road. Zelensky has been following his orders and refusing to compromise on anything. As a WEF Young Global Leader, he is showing the same authoritarian approach as Trudeau in Canada as well as Australia and New Zealand who are all on board with this Great Reset. We may see this crisis turn into a confrontation as soon as the week of April 18th going into the first week of May based upon our computer models.

But the real crisis may come in August and turn global in 2023. I am glad I spent a fair portion of my life in Europe to see all the historical monuments before these people feel the need to destroy the world over two provinces in Ukraine. I fear this time, the monuments will not survive. Pray for civilization for we have madmen leading the West into World War III all so they can Build Back Better as they did following World War II with Bretton Woods II, but this time we are facing a completely different war with biological and nuclear weapons.

Unfortunately, the press will NEVER tell us the truth or explain just why people are expected to lose their lives for some noble cause that is always some propaganda to support a political agenda. This time, the bombs will be wiping out American cities unlike World War I and II not to mention Korea, Vietnam, Iraq, Afghanistan, or other clandestine operations. You may not be watching it on TV but out your own window. Well, we get what we deserve. America voted for Biden, Britain for Johnson, Canada for Trudeau, and Ukraine for Zelensky. There is no peacemaker and certainly no statesman among the crop of world leaders today. To even question what is going on they cancel you now as a Putin supporter to once more not have to explain the truth. There is NEVER truth to be found in the propaganda of war for either side.

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Censoring the laptop story was for domestic consumption. But Russia, China, India watch this unfold and see a corrupt rogue state that cannot be trusted.

The Times Finally Admits: Hunter’s Laptop Is Real (NYP op-ed)

Now we’re 16 months away from the 2020 election, Joe Biden’s safely in the White House, and the Times finally decides to report on the news rather than carry the Biden campaign’s water. And they find that hey, Hunter Biden’s business interests benefited from Joe Biden’s political status to a suspicious degree. Perhaps this is a topic worthy of examination. How did the Times “authenticate” the laptop? It doesn’t say. Unlike The Post’s reporting, which detailed exactly how we got the files and where they came from, the Times does a hand wave to anonymous sources. No facts have changed since fall 2020. They knew the laptop was real from the start. They just didn’t want to say so.

There’s never any shame with these 180s. Sorry that we wrote a “fact check” that turned out to be bull! Sorry we wrote a piece claiming something wasn’t a story and you were stupid for thinking so! Twitter banned us for supposedly publishing “hacked materials” that weren’t hacked. The company’s CEO apologized, but by that point, they had accomplished what they wanted. Like the Times, they cast enough doubt to avoid making their preferred candidate look bad. Readers of the Times have discovered in March 2022 that Hunter Biden pursued business deals in Europe and Asia, and may have leveraged his father’s position as vice president to do it. Hunter also may not have properly registered with the government or declared all his income. All legitimate topics of discussion about a presidential candidate’s family, no?

Readers of The Post have known this since October 2020. We also have a much better sports section. We’ve authenticated it.

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Special counsel. It’s the only approach.

How Dem Officials, The Media And Big Tech Buried The Hunter Biden Story (NYP)

Everlasting, undying, soul-rending shame be upon you, Facebook and Twitter and Politico and all the others who covered up, denied and suppressed this newspaper’s true and accurate reporting about Hunter Biden’s laptop in 2020. You should be hurling yourselves at the feet of the American people, begging forgiveness. You should be renting billboards saying, “WE LIED.” But most importantly, you should be hauled before Congress to answer humiliating questions. These and other information purveyors owe us — not just this paper, but this country — restitution for what now looks like the most egregious and willful fake-news scam of our time. This paper’s scoops on Hunter Biden’s laptop in 2020 were labeled “Russian misinformation” (Politico), a “hoax” (Steven Brill of “fact-check” site NewsGuard), discredited by “many, many red flags” (NPR) and a “hack and leak” operation that had to be throttled (Facebook’s Mark Zuckerberg).

It was infamously snuffed out on Twitter, as was The Post’s Twitter account, because of a policy about hacked materials that only seemed to apply to this one case. Twitter didn’t bar the New York Times’s stories about Donald Trump’s tax returns, which could have come from hacked materials for all we know, and almost certainly were the product of a criminal act (leaking tax returns is against the law), but the Times never even told us how it got the returns, so we don’t know. The Post acted with transparency in explaining to readers how it got the Laptop from Hell. Moreover, nobody on Team Biden denied The Post’s report, because they knew or suspected it was true. Every news outlet in the country should have fronted the story at that point: “Biden team refuses to deny Hunter Biden laptop story.” A few months later, Hunter himself said the laptop “certainly” could be his, and the media shrugged instead of apologizing.


Even in the presidential debate where the matter came up, Joe Biden’s comments were not a denial but simply a deflection, and everybody who reported that he denied the laptop story was guilty of propagating fake news all over again. What he actually said was, “There are 50 former national intelligence folks who said that what he’s accusing me of is a Russian plant. Five former heads of the CIA, both parties, say what he’s saying is a bunch of garbage. Nobody believes it except his good friend Rudy Giuliani.” Joe (who later said “Yes, yes, yes” when a reporter asked him if he “believed” the laptop was Russian disinfo — the question allowed him all the wiggle room in the world) pointedly wasn’t denying the laptop belonged to Hunter, and wasn’t denying the material on it was genuine.

He was simply referring to the now-infamous Politico whitewash of October 19, 2020, which was fake news about fake news: The headline “Hunter Biden Story is Russian Disinfo, Dozens of Former Intelligence Officials Say” didn’t even accurately relate what was in the story. Those officials simply said they were “suspicious” about Russian involvement, admitted they had no evidence for this and pointed out (this was buried in the 10th paragraph of Politico’s story), “We want to emphasize that we do not know if the emails … are genuine or not.” In other words, the notorious liar James Clapper et al. (as far as I can tell, every signatory who made his opinion known about the election was a Biden supporter) were simply peeing in the dark. Their rank speculation was unworthy of being published.

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Watch Africa.

Food Supply Chains “Falling Apart” In Ukraine (ZH)

On Friday, Jakob Kern, an emergency coordinator at the United Nations (UN) World Food Programme (WFP), warned Ukraine’s food supply chains were collapsing as Russia bombed key infrastructures such as roads, bridges, and trains. “The country’s food supply chain is falling apart. Movements of goods have slowed down due to insecurity and the reluctance of drivers,” Kern told a Geneva during a video conference from Krakow, Poland. “Inside Ukraine our job is in effect, to replace the broken commercial food supply chains,” he added, describing the rebuilding task as a “mammoth” one. Ukraine’s top agricultural export products are corn and wheat. Before the invasion, Ukraine was the second-largest supplier of grains for the European Union and one of the largest suppliers for emerging markets in Asia and Africa.

Breaking down the numbers, Ukraine produced 49.6% of global sunflower oil, 10% of global wheat, 12.6% of global barley, and 15.3% of global maize. Estimates via Black Sea research firm SovEcon show Ukraine’s 2022 corn harvest could plunge as much as 35% from 41.9 million tons last year to 27.7 million tons this year because of all the disruptions. Farmers are already reporting diesel and fertilizer shortages. Wheat harvests are also expected to decline. Some have even pointed total crop output in the country could be halved. “With global food prices at an all-time high, WFP is also concerned about the impact of the Ukraine crisis on food security globally, especially hunger hot spots,” he said, warning of “collateral hunger” in other places like Egypt, Indonesia, Bangladesh, Pakistan, and Turkey that rely heavily on Ukraine imports.

All of this has fueled the UN’s Food and Agriculture Organization to warn global food prices could rise another 8-20% from current levels due to the deteriorating situation in Ukraine. The UN Special Rapporteur on the right to food, Michael Fakhri, also warned today, Russia’s invasion of Ukraine may cause a global surge in malnutrition and famine. “For the last three years, global rates of hunger and famine have been on the rise. With the Russian invasion, we are now facing the risk of imminent famine and starvation in more places around the world,” Fakhri said in a statement.

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“Russia blames the stoppage on the high risk of mines, which it said had been laid by the Ukrainian Navy.”

Russia Blocks Ships Carrying Grain Exports (DW)

Wheat exports from Ukraine and Russia, which make up a vital part of the world’s food supply are still being blocked by Russia from leaving the Black Sea, Germany’s largest agricultural trader BayWa said this week. “Zero [grain] is currently being exported from the ports of Ukraine — nothing is leaving the country at all,” Jörg-Simon Immerz, head of the grain trading at BayWa, told dpa news agency. He added that the export activity on the Russian side is “very limited.” Immerz’s assessment was backed up by the Panamanian Maritime Authority, who said on Wednesday that the Russian Navy was preventing 200-300 ships from leaving the Black Sea — most of them were carrying grain. Other reports suggest around 100 vessels are blocked.

Noriel Arauz, the administrator for the authority, said three Panamanian-flagged ships have come under Russian fire since the invasion of Ukraine started. One of the ships sank and two others were damaged, while no one was injured. British newspaper The Guardian reported that several other ships have been struck since the invasion began on February 24, including from Bangladesh and Estonia, which killed one person. Russia blames the stoppage on the high risk of mines, which it said had been laid by the Ukrainian Navy. Questions have been raised about how much grain Ukraine will be able to produce this year due to the conflict. At the same time, Russia has vowed to retaliate against Western sanctions that have crippled its economy.

Curbs on wheat and fertilizer exports are presumed to be high on Moscow’s list, which could have further consequences for the world’s food supply and food price inflation. Russia produces close to 80 million metric tons of wheat a year and exports close to 30 million tons, while Ukraine exports about 20 to 25 million tons a year. BayWa, meanwhile, believes there is no reason to fear a wheat shortage as much more wheat is harvested in the EU than is consumed. “The EU exports about 30 million metric tons of wheat annually, and Germany is also an exporter in normal years,” Immerz said. But that is not true for all types of grain. “We rely on imports for corn,” he added.

[..] Meanwhile, a new report by the United Nations Conference on Trade and Development (UNCTAD) has warned about the impact of the war on the food situation in Africa. Between 2018 and 2020, Russia accounted for nearly a third of wheat imports to the continent, while around 12% come from Ukraine. The UNCTAD report said up to 25 African countries, especially the least developed economies, relied on wheat imports from Russia and Ukraine.

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Thread. SUDEP- Sudden Unexpected Death in Epilepsy.

“Died Suddenly” Solved (Chesnut)

BUILDING: MY MOST IMPORTANT FINDING TO DATE: DIED UNEXPECTEDLY SOLVED. SUDEP AND “DIED UNEXPECTEDLY” – THE SPIKE PROTEIN, FIBROSIS AND THE BRAINSTEM. PART I “A SILENT ENTRANCE”. As you recall, the original spike caused a loss of the sense of smell, the medical term is Anosmia.

The olfactory (sense of smell) system happens to be a DIRECT ROUTE TO THE BRAINSTEM. Indeed, when we look at autopsies, the Spike Protein is a very frequent “guest” in the Brainstem. Pathological immune responses or SARS-CoV-2 invasion of the brainstem is suspected. An autopsy study has isolated 32 brain sections from 16 victims of COVID-19 and found concentrated SARS-CoV-2 RNA (>5 copies/mm3) in three sections from the olfactory nerves and the brainstem’s MEDULLA. More convincingly, in another autopsy study of deceased COVID-19 patients, SARS-CoV-2 RNA and proteins (nucleocapsid or SPIKE) were detected in 50% and 40% of brainstem samples, respectively.

Similarly, another autopsy study has found SARS-CoV-2 RNA and SPIKE PROTEINS in the olfactory mucosal-neuronal junction and brainstem’s MEDULLA in 67% and 19% of samples, respectively. In sum, these autopsy studies have provided evidence for SARS-CoV-2 tropism FROM THE OLFACTORY SYSTEM INTO THE BRAINSTEM. OK. We know the Spike Protein invades the Medulla of the Brainstem. So, what does this mean? Well, those who suffer from Epilepsy are prone to sudden death. In fact, it is because of PATHOLOGIC CORRELATIONS IN THE MEDULLA that they suffer what is known as SUDEP- Sudden Unexpected Death in Epilepsy.

Sudden unexpected death in epilepsy (SUDEP) likely arises as a result of AUTONOMIC DYSFUNCTION around the time of a seizure. In vivo MRI studies report volume reduction in the MEDULLA and other brainstem autonomic regions. Rostro-caudal alterations of medullary volume in SUDEP localize with regions containing respiratory regulatory nuclei. They may represent seizure-related alterations, relevant to the pathophysiology of SUDEP. Now, this heretofore rare event is now becoming all too common. The “One-Two Punch” of aberrant spike protein brainstem signaling (remodeling) combined with spike protein cardiac remodeling has virtually recreated the EXACT ENVIRONMENT OF SUDEP!

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“..cases in week 7-10 among the unvaccinated barely increased by 1%, from 59,904 cases to 60,372. For the boosted, cases increased by 14%..”

UK will HIDE Vaccinated Cases and Deaths (Chudov)

The infamous UKHSA Vaccine Surveillance Report started as a great tool by the vaccinators to showcase incredible successes of Covid Vaxx. But, as time went on, success was no longer in the cards, and the reports displayed grimmer and grimmer failure of vaccines in the UK. As I said many times, the bad news from the UK in no way should be interpreted as the UK being somehow a bad country. To the contrary, the UK had an amazing statistical agency that (up until now) honestly reported the goings in the vaxxed world. Finally, it seems, just as Scotland did, the UK will discontinue case reports by vaccination status. They gave the lamest excuse of “ending free Covid testing” that somehow makes them unable to add up vaccinated vs unvaccinated cases? Come on.

The so called “free Covid testing” is likely ending for similarly sinister reasons, specifically because they want to downplay cases as they keep increasing in the UK. Well, these UKHSA reports were good while it lasted. The truthful cases by vaccination status reports, showing the ignominous ending of the UK vaccination campaign, will be available no more starting April. [..] Before I describe what is it that they are trying to hide, let me mention my methodology: I keep a spreadsheet that I update week by week, with counts of vaccinated vs boosted case rates and death rates. I do NOT include under-18s in my data because they are (were) overtested in schools, do not actually die of Covid, thankfully, and really are not the same population as adults.

What they are trying to hide is that the pandemic among the unvaccinated is essentially over, whereas it is just getting started among the boosted. Look at the numbers: Compared to week 6-9, cases in week 7-10 among the unvaccinated barely increased by 1%, from 59,904 cases to 60,372. For the boosted, cases increased by 14%, from 543,809 to 617,982! For the vulnerable 60-69 year old category, the boosted 60-69 year olds get sick 4.25 TIMES as much as unvaccinated 60-69 year olds. Take a minute to let that sink in. Far from being protective, boosters make 60-69 year olds four times more vulnerable to infections!

Deaths similarly show a sad picture. 90% of Covid deaths in the UK, in weeks 7-10, were among the vaccinated!

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The “potentially fatal blood-clotting issue” was not known, because it was never tested.

Two UK Residents Died of Blood-Clotting Disorders Linked to AstraZeneca (CHD)

UK coroners in two separate cases this week concluded individuals who received AstraZeneca’s COVID-19 vaccine died from blood-clotting disorders caused by the vaccine. Kim Lockwood, a 34-year-old mother from South Yorkshire, died in March 2021 of a catastrophic brain bleed nine days after getting the AstraZeneca shot. Lockwood complained of an excruciating headache eight days after getting the vaccine. Her condition quickly deteriorated and she was pronounced dead 17 hours after being admitted to the hospital. South Yorkshire Coroner Nicola Mundy, calling Lockwood “extremely unlucky,” recorded the cause of death as vaccine-induced thrombotic thrombocytopenia (VITT).


Separately, a Sheffield County inquest on Monday concluded Tom Dudley, a 31-year old father of two who received the Astra-Zeneca vaccine on April 27, 2021, died of a vaccine-induced brain hemorrhage on May 14, 2021. The UK’s National Health Service on May 7, 2021, changed the guidance for the AstraZeneca vaccine, suggesting healthy individuals under 40 should avoid it due to possible blood-clotting complications. Assistant coroner Tanyka Rawden said that at the time of Dudley’s death the potentially fatal blood-clotting issue “was not a known and recognized complication of this vaccine. It seems to me that the guidelines have been changed,” she said. “They were changed very, very quickly after Tom had his vaccination.”

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After big decisions had been based on precisely those numbers.

CDC Removes 24% of Child COVID-19 Deaths, Thousands of Others (ET)

The Centers for Disease Control and Prevention (CDC) has removed tens of thousands of deaths linked to COVID-19, including nearly a quarter of deaths it had listed in those under 18 years old. The health agency quietly made the change on its data tracker website on March 15. “Data on deaths were adjusted after resolving a coding logic error. This resulted in decreased death counts across all demographic categories,” the CDC says on the site. The CDC relies on states and other jurisdictions to report COVID-19 deaths and acknowledges on its website that the data is not complete. But the statistics are often cited by doctors and others when pushing for COVID-19 vaccination, including figures who believe virtually all children should be vaccinated.

Dr. Rochelle Walensky, the CDC’s director, cited the tracker’s death total in November 2021 while pushing for an expert panel to advise her agency to recommend vaccination for all children 5- to 11-years-old. Before the change, the CDC listed 1,755 children as dying from COVID-19 along with approximately 851,000 others, according to Kelley Krohnert, a Georgia resident who has been tracking the updates. The update saw the CDC cut 416 deaths among children and over 71,000 elsewhere, arriving at a total of just under 780,000. The CDC previously adjusted its death count in August 2021 “after the identification of a data discrepancy.”

“The update is an improvement, but it’s at least the third correction to this data, and still does not solve the issue. It just highlights that people have been using a flawed source of data when discussing kids and COVID,” Krohnert told The Epoch Times in an email. Some journalists and doctors have been citing the tracker data while others use a tally that is managed by the CDC’s National Center for Health Statistics (NCHS) has been described by the agency as more reliable. The NCHS tally, which is compiled from death certificates, currently lists 921 deaths involving COVID-19 among children and some 966,000 deaths involving COVID-19 among other age groups.

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“I have said that I would stay in what I’m doing until we get out of the pandemic phase, and I think we might be there already..”

2 days after he warns of another wave….

Fauci Says He’s Considering Stepping Down (ET)

Dr. Anthony Fauci said in a new interview that he is considering stepping away from the position he’d held since 1984. Fauci, the longtime director of the National Institute of Allergy and Infectious Diseases (NIAID), was asked during a podcast released March 18 whether he was mulling retirement or transitioning to a less-demanding job. “I certainly am because I’ve got to do it sometime,” Fauci, 81, said. “I can’t stay at this job forever, unless my staff is going to find me slumped over my desk one day. I’d rather not do that,” he added. Fauci was appointed to his position in 1984 during the Reagan administration. Fauci’s comments came after Sen. Rand Paul (R-Ky.) failed in his effort to get support for a measure that would eliminate the NIAID and create three new institutes in its stead.

Paul, who has clashed with Fauci during multiple congressional hearings, said Fauci has become has become a “dictator-in-chief.” “No one person should have unilateral authority to make decisions for millions of Americans,” Paul, a doctor, said. Fauci and his agency had not responded to requests for comment on the measure. Paul and other Fauci critics have taken issue with how the doctor misled the public on his agency’s funding for the Chinese lab located near the first cases of COVID-19 were recorded, his support for harsh measures during the pandemic, and his admission that he lied about the effectiveness of masks because of worries there wouldn’t be enough for health care workers.

Fauci, who has also been preparing for investigations Republicans have pledged into the COVID-19 response, has called Paul a partisan whose accusations aren’t rooted in facts. Without mentioning Paul, the podcast host asked Fauci in the new interview whether he would leave his post soon, noting that besides Dr. Francis Collins, who exited from his position as director of the National Institutes of Health in late 2021, Jeffrey Zients was stepping down as the White House COVID-19 response coordinator. “I have said that I would stay in what I’m doing until we get out of the pandemic phase, and I think we might be there already,” Fauci said. “If we can stay in this, then we’re at a point where I feel that we’ve done well by this. But I don’t have any plans right now to go anywhere, but you never know.”

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Mar 162022
 
 March 16, 2022  Posted by at 9:42 am Finance Tagged with: , , , , , , , , ,  35 Responses »


Henri Rousseau The sleeping gypsy 1897

 

Ukraine Will Not Join NATO, Says Zelenskiy (G.)
Zelenskiy Says Russia’s Position In Negotiations Becoming ‘More Realistic’ (G.)
West Made A ‘Terrible Mistake’ Letting Putin Annex Crimea: Boris Johnson (F.)
Thirsty Macron Jealous of International Media Fawning Over Zelenskyy (CTH)
World Economy Braces For Supply Chain Chaos As COVID Closes China (ZH)
Saudi Arabia May Accept Yuan Instead Of Dollars For Chinese Oil Sales (JTN)
Safe and Effective? (Malone)
Senate Votes To Repeal CDC’s Mask Mandate For Airline Passengers (JTN)
Several States Mulling Lawsuit To End Biden Mask Mandate On Airlines (JTN)
Dr. Flavio Cadegiani On How Pfizer Corrupts Science (Kirsch)
These 6 Republicans Voted Against Ousting Fauci (DW)
From 15 Days to Two Years (Kelly)
A Closer Look at the Gatekeepers of Medical Research (NBW)

 

 

 

 

Alexa

 

 

The two most powerful people in US politics are well past their best before date. How is that not scary? These shaky fingers are on red hot buttons.

https://twitter.com/i/status/1503798141669285895

 

 

One demand down, two to go. No. 2 is recognition that Crimea is Russian territory. Since Crimeans have voted on this, why contest it? Third is the status of the Donbass. That’s tricky, Putin won’t want to leave any questions over this. And allegedly, Ukraine was planning large scale bloodshed there in early March. Zelensky will have to sell out the Azov batallion. But that could cost him his life.

Ukraine Will Not Join NATO, Says Zelenskiy (G.)

Ukraine’s president, Volodymyr Zelenskiy has acknowledged that Ukraine will not become a Nato member, in a significant concession on a day when Kyiv was pounded by Russian shells and missiles and the invading force tightened its grip on the capital. At least five people were killed in the latest artillery barrage on Kyiv, prompting its city hall to impose a 35-hour curfew from Tuesday night amid further signs that the focus of the Russian campaign has shifted to the destruction of residential areas and civilian infrastructure. Zelenskiy made his remarks about Nato while addressing leaders from the new Joint Expeditionary Force, a UK-led initiative bringing together 10 north Atlantic countries to create a capability for responding rapidly to crises.

“It is clear that Ukraine is not a member of Nato; we understand this,” the Ukrainian president said. “For years we heard about the apparently open door, but have already also heard that we will not enter there, and these are truths and must be acknowledged.” One of Vladimir Putin’s demands before unleashing his offensive on Ukraine was that its membership of Nato should be ruled out indefinitely. However, the size of the invasion force Putin amassed and his own justifications for the attack, have been widely seen as evidence he would have settled for nothing less than regime change and Russia’s unchallenged dominance of its smaller neighbour.

The White House announced on Tuesday that Joe Biden would travel to Europe next week to attend an extraordinary Nato summit on 24 March “to discuss ongoing deterrence and defence efforts” in the face of the Russian invasion, and also join a scheduled European Council summit. There were reports Biden would also visit eastern Europe on the same trip.

 

 

Children Donbass
https://twitter.com/i/status/1503696563230724097

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Zelesky preparing the world for the concessions he’s about to make. Carefully chosen wording.

Zelenskiy Says Russia’s Position In Negotiations Becoming ‘More Realistic’ (G.)

Ukrainian president Volodymyr Zelenskiy has said he sees possible room for compromise in talks with Russia ahead of a fresh round of discussions, despite Moscow’s stepped up bombardment Kyiv and as fears for the port city of Mariupol deepened. “The meetings continue, and, I am informed, the positions during the negotiations already sound more realistic. But time is still needed for the decisions to be in the interests of Ukraine,” Zelenskiy said in a video address early on Wednesday. “Efforts are still needed, patience is needed,” he said. “Any war ends with an agreement.” Top Ukrainian negotiator, presidential adviser Mykhailo Podolyak, said there were “fundamental contradictions” between the two sides but added that “there is certainly room for compromise.”


Another aide to Zelenskiy, Ihor Zhovkva, said the negotiations had become “more constructive” and that Russia had softened its stand by no longer airing its demands that Ukraine surrender. Talks were set to resume via video link on Wednesday. As the war approached its third week and heavy shelling of Ukraine’s cities continued, US president Joe Biden signed off on $13.6bn in aid. Zelenskiy thanked president Joe Biden and “all the friends of Ukraine” for the new support. An update from the Ukraine ministry of defence on Wednesday said the “worst situation remains in the area of Mariupol, where the opponent tries to block the city in the western and eastern outskirts of the city.” It came as the Associated Press reported Russian troops had seized a hospital in Mariupol and took about 500 people hostage during another assault on the southern port city late Tuesday, regional leader Pavlo Kyrylenko said.

 

 

Refugees Donbass
https://twitter.com/i/status/1503765994547855367

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Boris trying to be relevant.

West Made A ‘Terrible Mistake’ Letting Putin Annex Crimea: Boris Johnson (F.)

The West made a “terrible mistake” by letting Russian President Vladimir Putin “get away” with invading Ukraine and annexing Crimea in 2014, wrote the U.K. Prime Minister Boris Johnson in the Telegraph newspaper Monday. He added the West “intensified” economic ties with Russia afterwards and took “more Russian gas than ever before,” leaving it dependent on the “goodwill of Putin” and more exposed to fluctuations in global gas and oil price. Johnson said the West must break its “addiction” to Russian hydrocarbons, which has “emboldened” Putin to invade Ukraine and subject the world to “continuous blackmail.” Johnson acknowledged that it will be “painful” for the world to give up Russia’s vast fossil fuel reserves but said it is the “only way to force Putin to cease his aggression.”


The U.K. has pledged to phase out Russian oil imports by 2023 and the U.S. has banned Russian oil and gas. The European Union, which imports a significant amount of fuel from Russia, has vowed to end its use of Russian hydrocarbons as soon as possible. Green, renewable energy sources “are the quickest and cheapest route to greater energy independence,” Johnson said. “They are invulnerable to Putin’s manipulations.”

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Macron acting a comedian. And it’s actually funny.

Thirsty Macron Jealous of International Media Fawning Over Zelenskyy (CTH)

As the international media fawn over their latest social media star, the “Churchill in a T-shirt”, Ukrainian President Volodymyr Zelenskyy, the former darling of EU media, French President Emmanuel Macron is apparently feeling slighted. Western PR teams have been working diligently to maintain the “better story,” as they advance the beatification of pop star Zelenskyy. The producers and directors for Volodymyr’s scruff and edgy leadership have kept his fans updated on Instagram, Facebook and Twitter, as Ride of The Valkyries echos as a background theme while team-Z dodge cruise missiles on their way to the local Starbucks. However, all of this unilaterally focused adoration does not sit well with King Macron of Paris.

In an effort to combat the rugged warlike appeal of St. Zelenskyy of Kyiv, the thirsty French president called for immediate poses of him in a series of similarly scruffy press shots. Thanks to social media adoration, Zelenskyy, the modern EU trendsetter, is making beatnik great again. There are already rumors of a run on vintage jeans, sneakers and T-shirts within Brussels, as several NATO leaders dispatch their aides looking for the hot, new and modern authentic war look. A daily series of live-streamed war summits are likely in the works as NATO leadership start catching up to the pop-optics by organizing burning barrels of diesel fuel in the background of their zoom calls. With resources allocated, thirsty Macron is going to climb back on top.

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Ukraine will soon be a small problem. Because this will not.

World Economy Braces For Supply Chain Chaos As COVID Closes China (ZH)

The global economy is in disarray as the war in Ukraine unleashed a commodity shock with increasing risks of stagflation. Adding to the turmoil is an outbreak of COVID-19 in China that may unleash another supply chain crisis. News from China over the last day shows a new outbreak of the highly contagious omicron variant has infected more than 5,000 people, the most since the early days of the pandemic in early 2020. China’s zero-tolerance approach has shuttered factories and placed some 51 million people into some form of lockdown. Lockdowns have forced factories to idle production and risk snarling production from Apple iPhones to Amazon Echo & Alexa devices to Toyota SUVs to smart television to all sorts of other electronic devices. Disruptions to exports may induce shortages and drive up inflation, just as the Federal Reserve embarks on hiking interest rates to control inflation at four-decade highs.

A Bank of America Corp. survey of fund managers published on Tuesday showed confidence in global growth this year is the lowest since July 2008, and stagflation expectations have jumped to a whopping 62% of respondents. “You take all these little paper cuts and you start to add them up and you could be looking at a potential significant slowing of the global economy,” said Jay Bryson, chief economist at Wells Fargo & Co. China’s zero-tolerance policy has reminded us that supply chains are still subjected to massive disruptions. The lockdowns couldn’t come at a worse time, as spring tends to be one of the busiest shipping seasons of the year.

Shenzhen’s 17.5 million residents were placed under lockdown on Sunday. The city resides in Guangdong, a coastal province of southeast China known for its manufacturing hub and ports, which account for about 11% of China’s economy. The province accounted for 23% of China’s shipments in 2021. Bloomberg Economics warns that a prolonged lockdown in Shenzhen could unleash supply chain disruptions worldwide. “The forceful action to contain the worst COVID-19 outbreak since early March will deal a direct hit to the production and consumption sides of a province that accounts for 11% of GDP. Previous steps to contain virus flareups left manufacturing unscathed for the most part. This lockdown will hit output in key industries such as tech and machinery that feed into global supply chains,” Chang Shu, chief economist for Asia, said.

“Given that China is a major global manufacturing hub and one of the most important links in global supply chains, the country’s Covid policy can have notable spillovers to its trading partners’ activity and the global economy,” said Tuuli McCully, head of Asia-Pacific economics at Scotiabank. According to Stephanie Loomis, vice president of International Procurement, the global impact of lockdowns could roil supply chains once more. “If they don’t let any of these guys go to factories and produce goods, then nothing will move,” Loomis said. “It’ll just stop.”

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Biden really pissed off MBS.

Saudi Arabia May Accept Yuan Instead Of Dollars For Chinese Oil Sales (JTN)

Saudi Arabia and China are in discussions to price some oil sales in yuan instead of U.S. dollars in a slap to the Biden administration that would decrease the dominance of the American currency in the international petroleum market, sources told The Wall Street Journal. While Beijing and Riyadh have been in discussions on and off for several years about yuan-priced oil contracts, talks have accelerated recently due to U.S. security policies under President Joe Biden, people familiar with the issue told the newspaper. The Saudis are angry with the United States for not assisting in their intervention in Yemen’s civil war, started by Iranian-backed Houthi rebels in 2014. The Kingdom is also upset over the Biden administration’s efforts to enter a nuclear deal with Iran.


Saudi officials also have expressed disapproval over Biden’s chaotic withdrawal from Afghanistan in August 2021. “I don’t know which word to use, whether incompetence, carelessness, bad management — it was all a combination of those things,” Saudi Prince Turki Al-Faisal told CNBC last year. Saudi Arabia exports 6.2 million barrels of crude oil a day and has traded in dollars exclusively since 1974 when President Richard Nixon struck a deal with the kingdom by guaranteeing security. China buys more than a quarter of all Saudi oil exports, according to the WSJ. If the sales are priced in yuan, it would be a major boost to China’s currency as 80% of all global oil sales are done in dollars. Beijing introduced yuan-priced oil contracts in 2018, but has been unable to successfully beat the dollar in the global oil market.

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“warm base manufacturing”

Safe and Effective? (Malone)

There is another important element in the national vaccine program, which is the requirement to keep the vaccine production facilities up and running. These facilities are producing a biological product; they must be kept in production or the process for re-licensure is onerous, if not impossible. In the case of seasonal flu, one of the justifications for the yearly vaccine is to keep the manufacturing plants running and ready for business in case of a truly severe strain of flu or some other, unknown pathogen become a threat. If those facilities are moth-balled, they can’t be brought back on line quickly. Bet you did not know that. One major reason for pushing annual influenza vaccines is to maintain influenza vaccine manufacturing capacity.

The industry term used is “warm base manufacturing”. Of course, this results in a very nice annual “cash cow” for the vaccine industry, one which gets annually milked for a tidy guaranteed profit. The term “rent seeking behavior” applies. The same is true of the various “biodefense” vaccines and products which are maintained in the “strategic national stockpile”. In the context of Smallpox, these include ACAM2000. These products have half lives, which is to say that even though they are (hopefully) not used, they still have to be replaced every few years. Again, nice predictable profit. The corporation “Emergent Biololutions” has become particularly adept at exploiting this “market opportunity”, and has managed to monopolize many of the biodefense-related vaccines and products which the US Government purchases for the Strategic National Stockpile, including ACAM2000.

So, there is more than one reason to vaccinate the entire population on a regular basis, and the government basically props up the entire vaccine industry with what are functionally major annual subsidies. Once a policy decision is made to acquire a vaccine product or establish a “standard of care” involving a vaccine, it is never re-evaluated. Any politician or government administrator that even considers rethinking whether a vaccine policy makes good sense is confronted by the specter of being blamed for any outbreak or cases of that disease that may arise – regardless of how (in)effective or risky that vaccine product may be.

[..] To bring this topic home: Is avoiding COVID-19/Omicron worth taking the known and unknown risks of serious adverse events? In some age categories, it might be. In most age categories, it is not worth much risk. For young people, it is not worth any risk, and for children, the risks of the Covid vaccine far outweigh the risks of Covid. The US Government had relentlessly promoted that “The vaccines are safe and effective,” the same words used for the modern smallpox vaccine. In both cases, safety is a matter of opinion and semantics – not science. Clearly, safety is relative, such as the precautions one might take when skydiving or riding a motorcycle (e.g., having a second parachute, wearing a helmet) – in order to reach the point that an activity is acceptably safe, all the while knowing it’s safer to just skip the activity.

If I proposed a person drink some potion, and said “This potion is safe, unless you are from a family with a history of heart problems,” few people would want the drink. If I added “Oh yeah, and the Mayo Clinic says the risk of side effects from this potion are too high to justify you drinking it, I’d have even fewer takers. Mandates, which are rigid by definition, seem a bad match for assessments of personal safety, which are, by our nature, flexible and variable. Since the word safe and the idea of safety means different things to different people, such decisions are best left to those who would be most affected by, in this case, vaccination.

The smallpox vaccine shows us what the CDC means when they say something is “safe,” and it isn’t what most people using the word would mean. With risk must come choice. This is the bedrock foundation of modern bioethics and medicine. After all that we have been through over the last two years, and the admission the the CDC has been withholding data from all of us for political reasons and to avoid “vaccine hesitancy” (which is another way of saying if you knew what the data really show you would not accept the product), who are you going to trust? Your own lying eyes and brain, or what the CDC, HHS, legacy media and the “factchecking” industry tell you?

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“House Speaker Nancy Pelosi, D-Calif., may not even allow the House to vote on the measure.”

Senate Votes To Repeal CDC’s Mask Mandate For Airline Passengers (JTN)

The Senate voted Tuesday to repeal the Centers for Disease Control and Prevention’s COVID-19 mandate requiring masks on public transportation, including airplanes. Sen. Rand Paul, R-Ky., introduced the resolution that received bipartisan support with a 57 to 40 vote. Sen. Mitt Romney, R-Utah, was the only Republican to vote against the measure. Eight Democratic senators voted in support of the resolution: Michael Bennet, Jacky Rosen, Catherine Cortez-Masto, Maggie Hassan, Mark Kelly, Joe Manchin, Kristen Sinema and Jon Tester. The resolution, which was first introduced in February, expresses disapproval of the CDC’s mask mandate.

The resolution still faces significant challenges to become law. It did not receive enough votes to override the veto that President Joe Biden has threatened to do. House Speaker Nancy Pelosi, D-Calif., may not even allow the House to vote on the measure. “Today, the Senate said enough is enough, and sent a message to unelected government bureaucrats to stop the anti-science, nanny state requirement of travel mask mandates,” Sen. Paul wrote in a press release after the vote. “Since March 2020, unelected bureaucrats have incessantly declared that we should ‘follow the science.’ But the same bureaucrats continue to defy science by imposing an ineffective and restrictive mask mandate for individuals travelling on public transit and airplanes,” the senator, who is also a doctor, wrote.

Sen. Paul has fought against what he sees as an abuse of power from White House medical advisor Dr. Anthony Fauci. “As the entire world is learning to live with COVID, the federal government still uses fear mongering to stubbornly perpetuate its mandates, rather than giving clear-eyed, rational advice on how to best protect yourself from illness,” Paul said. “That is why, I forced this vote, and I applaud the Senate for rejecting this nonsense.”

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“There are a lot of boxes you have to check before you jump on a lawsuit..”

Several States Mulling Lawsuit To End Biden Mask Mandate On Airlines (JTN)

Several states are considering a lawsuit to end one of the Biden administration’s last COVID-19 mandates requiring airline passengers to wear masks, Indiana Republican Attorney General Todd Rokita told Just the News. “We are having discussions about that right now,” Rokita told the Just the News TV show on Real America’s Voice on Tuesday night, saying Florida is taking the lead on the idea. The Transportation Security Administration last Thursday extended its mask mandate on public transportation through April 18 after the Centers for Disease Control and Prevention (CDC) announced relaxed mask guidance at the end of last month.


“I know that several states may be filing very, very soon, maybe being led by the state of Florida,” Rokita told Just the News Editor-in-Chief John Solomon and co-host Amanda Head. Indiana is currently “examining” if they can join the lawsuit, Rokita said. “It’s just not as easy as when I was in Congress, just to jump on a lawsuit like we’re jumping on a bill,” the former congressman said. States must show that they have legal standing and actual injury before joining a lawsuit, the Rokita explained. “There are a lot of boxes you have to check before you jump on a lawsuit,” he added. A group of 16 Republican lawmakers on Monday filed a lawsuit against the CDC for what they said was an “illegal mask mandate for individuals traveling on commercial airlines,” Newsweek reported.

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Flavio Cadegiani is a doctor in Brasilia, capital of Brazil.

“Dr. Cadegiani reveals an astonishing statistic on the number of vaccine injured: 85%.”

Dr. Flavio Cadegiani On How Pfizer Corrupts Science (Kirsch)

Dr. Cadegiani just published a new research paper (“Pfizergate 2.0 – Active actions against competitive anti- COVID drugs? The case of the anti-androgens.”) that shows that there is no rational explanation for the corruption of clinical trial results other than deliberate sabotage by Pfizer to ensure that there are no viable competitors to Pfizer’s products. I interviewed him just minutes before he published the paper. In the video, he talks about Proxalutimide, an anti-androgen drug he tested that is effective against variants prior to Omicron. But his main issue is in the trials of enzalutamide (another anti-androgen) and how it was conducted. At the very end, Dr. Cadegiani reveals an astonishing statistic on the number of vaccine injured: 85%.

 

 

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Rand Paul keeps pushing.

These 6 Republicans Voted Against Ousting Fauci (DW)

Six Republican senators voted against an amendment Tuesday that would eliminate the director of the National Institute of Allergy and Infectious Diseases (NIAID) position, which is held by Dr. Anthony Fauci. Senators voted on Kentucky Republican Rand Paul’s amendment to replace the NIAID with three separate national research institutes on Tuesday morning in Washington, D.C. Republican Senators Richard Burr of North Carolina, Susan Collins of Maine, Bill Cassidy of Louisiana, Lisa Murkowski of Alaska, Mitt Romney of Utah, and Jerry Moran of Kansas each voted against the amendment. “We’ve learned a lot over the past two years, but one lesson in particular is that no one person should be deemed ‘dictator-in-chief,’” said Paul when he introduced the amendment Monday, adding, “No one person should have unilateral authority to make decisions for millions of Americans.”


“This will create accountability and oversight into a taxpayer funded position that has largely abused its power, and has been responsible for many failures and misinformation during the COVID-19 pandemic,” the senator continued. Paul and Fauci have repeatedly sparred in Senate hearings over Fauci’s insistence on restricting the American public throughout the coronavirus pandemic, and the Kentucky Republican has called many times for Fauci to be ousted from his position. When Fauci suggested on “CBS This Morning” that Republicans — and former President Donald Trump — have a “misplaced perception about people’s individual right to make a decision that supersedes the societal safety,” Paul said that his comments showed a “casual disregard for what this country was founded upon.”

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“They want people stripped of wealth, isolated, and terrified.”

From 15 Days to Two Years (Kelly)

On Saturday morning, my daughter in college texted me: “I got sent home two years ago today. Feels like a dream.” After I responded, she sent an uncharacteristically brief reply: “Sad.” To say the least. In March 2020, once-free citizens around the world surrendered their liberty and livelihoods in a futile attempt to “stop” a virus. The most technologically advanced civilization in the history of mankind quickly adopted medieval fixes that bordered on quackery, sold by snake oil salesmen in the credentialied class and news media, codified through executive fiat by elected leaders of both parties. “Just 15 days,” we were told on March 16, 2020, “to slow the spread.” Do your part to promote the “common good”—the historical rallying cry of every wannabe despot—or be branded a heartless heretic.

And it worked, far better than the original architects probably anticipated. On the same day my daughter left her college dormitory in upstate New York, not to return to a normal campus life for two years, I posted this on Twitter: This is what the Left wants. They want people stripped of wealth, isolated, and terrified. They want sources of joy—church, sporting events, vacations, large social gatherings—eliminated. This is how they get control. And it’s far scarier than any virus. To say that was a very unpopular view at the time would be an understatement. But having covered the climate change movement for years, I recognized a familiar approach to the spread of COVID-19 hysteria: use flawed data to whip up a public frenzy and shut down all debate in fealty to “science!”

Any disagreement over the data, no matter how unreliable or untested the data happened to be—and in the early months, the only available data came from China—made you a “science denier,” or worse. This time around, sadly, the hysteria wasn’t pushed solely by lefty environmental activists but also by President Donald Trump, Republican governors, and “conservative” influencers throughout the media. Once that buy-in was made, all hope was lost. Trump’s catastrophic decision to acquiesce to the demands of Drs. Anthony Fauci and Deborah Birx—the former a charlatan, the latter a dunce—and shut down the country two years ago this week was by far the worst moment in his presidency and rivals the worst moment in any presidency. As usual, however, Trump’s first instinct (the one he suppressed to appease those demanding we honor The Science™) was the right one.

The cure should not be worse than the disease, he fretted. He knew it, but he listened to the quacks anyway. The cure, of course, got worse. Emboldened by their success in forcing Trump to authorize the first 15-day shutdown, the then-adored Fauci and Birx took it a step further. With two dubious projection models in hand, the pair went to the White House at the end of March 2020 and convinced Trump to extend the lockdowns another month. The decision sealed his electoral fate; the booming economy he helped build entered a death spiral.

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“..viruses are worth A LOT of money (and will continue to appreciate exponentially for obvious reasons).”

A Closer Look at the Gatekeepers of Medical Research (NBW)

First, it is necessary to understand where the majority of funds go for health research. For this, we’ll rely on an article published in Health Research Policy and Systems titled The 10 largest public and philanthropic funders of health research in the world: what they fund and how they distribute their funds. According to the researchers, in 2013, the National Institute of Health (NIH) granted $4.8 billion dollars towards infectious disease research (including $113 million towards respiratory infections and $2.8 billion to HIV/AIDS research). They also gave grants to research involving cardiovascular disease ($1.9 billion), lung cancer ($208 million) and mental health ($2.1 billion). The European Commission, Medical Research Council (MRC) and Wellcome Trust also direct the majority of their grants towards research involving infectious diseases.

A paper published in The Lancet, titled UK investments in global infectious disease research 1997–2010: a case study found that between 1997-2010, virology was the highest funded category of infectious disease research and the largest funders of such research in the UK were the Wellcome Trust (£688 million) and the MRC (£673 million). The Bill and Melinda Gates foundation also direct the majority of their “philanthropical” efforts towards combating infectious diseases, with less than 3% of their budget being directed towards non-communicable disease. So what does all this mean? Well, it means that viruses are worth A LOT of money (and will continue to appreciate exponentially for obvious reasons).

Perhaps this explains why the claim that Sars-Cov-2 doesn’t exist is treated with such ardent censorship and disdain compared to the germ-friendly “lab-leak” theory which has now wormed its way into the mainstream narrative, supported even by those on the more alternative side. Whether true or untrue, what many people fail to consider is the extent to which this theory favours the pharmaceutical industry. In fact, not only does it favour Big Pharma, it favours the WEF hoaxsters by strengthening the “deadly virus” narrative, it favours vaccine manufacturers, it favours virologists, it favours the Western powers, it favours the bankers, it favours Hollywood, it favours the CDC, and it favours the WHO!

The “lab-leak” hypothesis favours just about every organization or group associated with the Covid scamdemic. And let’s not forget that theories of mutant viruses escaping from laboratories certainly favour any researcher who could benefit from the massive amounts of money sloshing around in the kitties of the world’s medical gatekeepers. But who are these gatekeepers who control, direct and manipulate medical research for control and profit? That is the main subject of this article.

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Most of the time they do.

 

 

US biolabs and pathogens
https://twitter.com/i/status/1503682999887581191

 

 

 

 

 

 

 

 

2015

 

 

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

 

 

 

Jun 032021
 


Vincent van Gogh Avenue of Poplars at Sunset 1884

 

Tucker Carlson Levels Fauci After FOIA Emails Connect The Dots (ZH)
Fauci’s Upcoming Book Scrubbed On Amazon, Barnes & Noble Amid Backlash (JTN)
Wuhan Lab Chief To NIH Conference: ‘No Regulation’ On Virus Manipulation (NP)
Israel: Likely Link Between Pfizer Vaccine And Myocarditis In Young Males (RT)
Bill Gates, Warren Buffett To Build New Kind Of Nuclear Reactor In Wyoming (R.)
Why The US Isn’t Going To Nuke Anyone From Orbit Anytime Soon (RT)
The New Domestic War on Terror Has Already Begun (Greenwald)
Daniel Ellsberg Wants The US To Prosecute Him Under The Espionage Act (IC)
‘Dying for an iPhone’ (Chris Hedges)
China Rushes To Pull Back The Yuan From A Three-Year High (CNBC)
Olympics Will Go Ahead, Says Tokyo Games Chief (G.)

 

 

 

 

 

 

Tucker Berenson

 

 

An anagram for Dr Anthony Fauci is China Fraud Tony

 

 

“Fauci supported the grotesque and dangerous experiments that appeared to have made COVID possible.”

Tucker Carlson Levels Fauci After FOIA Emails Connect The Dots (ZH)

Fox News’ Tucker Carlson ripped “the utter fraudulence of Tony Fauci” Wednesday night, after BuzzFeed and the Washington Post obtained thousands of pages of emails through a Freedom of Information Act (FOIA) request, revealing that the nation’s top virologist was telling the public one thing, while furiously working on damage control and narrative-shaping as the COVID-19 pandemic unfolded. According to Carlson, Americans assumed “that the man in charge of protecting the US from COVID must be rational and impressive,” adding “We also assumed he must be honest. But we were wrong.

“It soon became clear that Tony Fauci was just another sleazy federal bureaucrat – deeply political and often dishonest. More shocking than that we then learned that Fauci himself was implicated in the very pandemic he’d been charged with fighting.” “Fauci supported the grotesque and dangerous experiments that appeared to have made COVID possible.” -Tucker Carlson. Fauci’s emails collectively show that “from the beginning, Tony Fauci was worried that the public might conclude COVID had originated at the Wuhan Institute of Virology.” “Why would he be concerned that Americans would conclude that?” Tucker asked. “Possibly because Tony Fauci knew that he had funded gain-of-function experiments at that very same laboratory.”

“The emails prove that Fauci lied about this under oath,” said Tucker, who highlighted an email from scientist Christian G. Anderson to Fauci, saying that he and his fellow scientists felt the virus looked ‘potentially’ engineered, and that members of his team “all find the genome inconsistent with expectations from evolutionary theory.” Fauci then sent an urgent email to his deputy – Hugh Auchincloss – with the subject “IMPORTANT,” and which read “Hugh, it is essential that we speak this AM. Keep your cell phone on … You will have tasks today that must be done.”

Tucker Fauci

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Wonder why. Can’t be the negative publicity, there hasn’t been enough of that.

Fauci’s Upcoming Book Scrubbed On Amazon, Barnes & Noble Amid Backlash (JTN)

White House coronavirus adviser and long-time U.S. infectious disease expert Dr. Anthony Fauci’s upcoming book has been scrubbed from and altered on online listings, amid criticism that he is profiting from the deadly COVID-19 pandemic. The book, “Expect the Unexpected,” was earlier pegged for a November release, according to its Amazon listing. As of Wednesday morning, the book’s listing had been entirely scrubbed from Amazon. However, a cached version of the listing, still displayed the book’s promotional description and preorder status. A cached website also shows the book’s listing on Barnes & Noble’s website, though by Wednesday morning that listing was no longer live anymore. The book appeared to still be available for preorder on some lesser known vendors such as Booktopia.


The scrubbing of the book comes after backlash from critics who accused Fauci of profiting off of the deadly pandemic the U.S. response to which he has overseen. Among those criticizing Fauci is Fox News Channel contributor Joe Concha, who compared him to New York Democratic Gov. Andrew Cuomo signing a seven-figure book deal about his efforts during the pandemic, which resulted in a high number of death among assisted-living residents. “If you look at the numbers again, you had Cuomo profiting off a pandemic, a government official,” said Concha, also a media reporter for The Hill newspaper. “Now we have Fauci doing it as well. I think this is appalling.”

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Why go to Wuhan? Well…

Wuhan Lab Chief To NIH Conference: ‘No Regulation’ On Virus Manipulation (NP)

The National Institutes of Health hosted Wuhan Institute of Virology researchers at a 2011 conference focusing on scientific research that could pose a “significant threat” to human health – including manipulation of bat coronaviruses. At the event, the Wuhan Institute of Virology’s Deputy Director repeatedly asserted that his controversial lab had “no regulation” on this form of risky research, The National Pulse can exclusively reveal. The 2011 event – Continuing the Global Dialogue with the Scientific and Science Policy Community with a Focus on Asia and the Western Pacific – was sponsored by the U.S. government’s National Institutes of Health (NIH) and sought to provide participants with a “greater understanding” of Dual Use Research of Concern (DURC).

Defined by the NIH as research “that could be directly misapplied to pose a significant threat with broad potential consequences to public health and safety,” DURC encompasses gain-of-function studies, which have come under increased scrutiny due to their role in potentially spawning COVID-19. Among the event participants were Wuhan Institute of Virology Deputy Director Yuan Zhiming, NIH Associate Director for Science Policy Amy Patterson, and top American researchers and scientific advisory board members. The NIH’s unearthed role in hosting the event follows National Institute of Allergy and Infectious Disease (NIAID) Director Anthony Fauci denying his agency’s relationship to the Wuhan lab.

While speaking at the event via telephone, Yuan Zhiming repeatedly emphasized that his lab and China lacked any meaningful regulation of dual-use research. “There’s no regulation in China, there’s no regulation on the identification of some dual-use research, and there’s no regulation on the classification of research or the classification of information,” he explained. “Even China, the biosafety and biosecurity philosophy is regulated by Chinese scientific community, but the dual-use research is not totally regulated. So we need to have some measure or some special program to raise the concern of principal investigators through training.”

Yuan reiterated the sentiment in his closing remarks to the conference, commenting “there’s no regulation on the dual-use identification and classification of some sensitive information, and I think maybe later the Chinese government and the Chinese scientific community will focus on the discussion in this matter.” Since the outbreak of COVID-19, however, Yuan has made rounds on American and Chinese state-run media outlets to discredit the possibility of the virus leaking from his lab.

Read more …

“The number of cases reported after the second shot was four times greater than those recorded after the first..”

Israel: Likely Link Between Pfizer Vaccine And Myocarditis In Young Males (RT)

A specially appointed epidemiological team has found “a likelihood of a link” between receiving the second dose of Pfizer’s Covid-19 vaccine and the onset of myocarditis in young men, Israel’s Health Ministry said in a statement. The ministry says the team was set up following reports of cases of heart inflammation, known as myocarditis, among males aged 16 to 30 shortly after the second dose of the Pfizer vaccine was administered. The link was found to be stronger in people aged 16-19 relative to other age groups, and weakens as the age of the recipients increases. Most patients who experienced the problem spent up to four days in the hospital, and 95% of the cases were classified as mild, according to the ministry.

The Health Ministry commissioned the study after 275 cases of myocarditis were reported in Israel between December 2020 and May 2021. Nearly 150 cases were recorded after the vaccine was administered. The number of cases reported after the second shot was four times greater than those recorded after the first, the ministry said. Myocarditis is a condition characterized by chest pain, shortness of breath, or palpitations, and can be caused by Covid-19, according to the ministry. While the type of vaccine in question is not directly mentioned in the statement, Israel relies almost exclusively on the Pfizer-BioNTech vaccine, and it’s the only product mentioned on the vaccination information page of the Health Ministry website.

Pfizer said in a statement cited by Reuters that it has not recorded a higher rate of myocarditis than would normally be expected in the general population. The pharma giant added that it was aware of the Israeli observations of myocarditis but has not established a causal link to its vaccine. The Israeli Health Ministry says that given the findings, it will review the 12-15-year-old population’s eligibility for the vaccine. The shot was recently approved in the EU for people aged 12 and older.

Read more …

Oh, just lovely.

Bill Gates, Warren Buffett To Build New Kind Of Nuclear Reactor In Wyoming (R.)

Power companies run by billionaire friends Bill Gates and Warren Buffett have chosen Wyoming to launch the first Natrium nuclear reactor project on the site of a retiring coal plant. TerraPower, founded by Gates about 15 years ago, and power company PacifiCorp, owned by Warren Buffett’s Berkshire Hathaway, said on Wednesday that the exact site of the Natrium reactor demonstration plant was expected to be announced by the end of the year. Small advanced reactors, which run on different fuels to traditional reactors, are regarded by some as a critical carbon-free technology than can supplement intermittent power sources like wind and solar as states strive to cut emissions that cause climate change. “We think Natrium will be a game-changer for the energy industry,” Gates told a media conference to launch the project in Cheyenne, Wyoming.

“This is our fastest and clearest course to becoming carbon negative,” Wyoming’s governor, Mark Gordon, said. “Nuclear power is clearly a part of my all-of-the-above strategy for energy” in Wyoming, the country’s top coal-producing state. The project features a 345 megawatt sodium-cooled fast reactor with molten salt-based energy storage that could boost the system’s power output to 500MW during peak power demand. TerraPower said last year that the plants would cost about $1bn. Late last year the US energy department awarded TerraPower $80m in initial funding to demonstrate Natrium technology, and the department has committed additional funding in coming years subject to congressional appropriations.

Chris Levesque, TerraPower’s president and chief executive, said the demonstration plant would take about seven years to build. “We need this kind of clean energy on the grid in the 2030s,” he told reporters. Nuclear power experts have warned that advanced reactors could have higher risks than conventional ones. Fuel for many advanced reactors would have to be enriched at a much higher rate than conventional fuel, meaning the fuel supply chain could be an attractive target for militants looking to create a crude nuclear weapon, a recent report said. Levesque said that the plants would reduce proliferation risks because they reduce overall nuclear waste.

Read more …

Not even the US is that crazy.

Why The US Isn’t Going To Nuke Anyone From Orbit Anytime Soon (RT)

Low-orbit space planes have been named as a possible carrier of American nuclear warheads. While theoretically possible, at current technology levels such weapons would be significantly more trouble than they are worth.
According to the director-general of Russian arms manufacturer Almaz-Antey, Yan Novikov, the US has orbital bombers capable of carrying nuclear weapons. Variants of the Boeing X-37 orbital test vehicle, launched in 2010 and officially used for scientific purposes, can theoretically carry up to six warheads, Novikov claimed during a virtual educational forum in Russia in May. In the words of Kyle Mizokami, who wrote an article on this for Popular Mechanics, “this isn’t even a good idea”.

While Mizokami’s take is titled “Don’t believe Russia”, and its main thrust is apparently that Mr. Novikov is hyping up the US orbital nukes threat to boost the sales of Almaz-Antey’s surface-to-space missiles, he does have some good points that explain why the dangers of orbital bombing are more than a little exaggerated. First off, putting nukes on an X-37 to then launch them from orbit will require extensive modification to the weapons, which will only allow two or, at best, three, to be taken on board – not nearly enough for an effective surprise attack. And to carry an element of surprise, it would have to approach Russia from a very specific direction to avoid the radars of early-warning systems – and even so, it won’t be able to hide from visual detection.

Aside from the lack of surprise, there is a long list of problems associated with space planes carrying nuclear payloads. “The idea of placing strategic nuclear weapons in low Earth orbit isn’t new. It emerged with the first successful launches of the Earth’s artificial satellites,” ex-chief of the General Staff of the Air Defense Forces, Honored Military Pilot, Colonel-General of Aviation Igor Maltsev says. According to him, for a number of reasons, space projects like this never went beyond concept or, at best, preliminary design. Why was that the case? Technically, the goal of putting these weapons in space is achievable, says Igor Maltsev. Anything can be launched to space. But when the idea is to create a strategic weapons system in orbit, there are a number of challenges that have, so far, prevented any significant progress along these lines.

Read more …

“..ahead of a weekend in which potentially violent demonstrations were predicted by the FBI — but never materialized.”

The New Domestic War on Terror Has Already Begun (Greenwald)

The Department of Homeland Security on Friday issued a new warning bulletin, alerting Americans that domestic extremists may well use violence on the 100th Anniversary of the Tulsa race massacre. This was at least the fourth such bulletin issued this year by Homeland Security (DHS) warning of the same danger and, thus far, none of the fears it is trying to instill into the American population has materialized. The first was a January 14 warning, from numerous federal agencies including DHS, about violence in Washington, DC and all fifty state capitols that was likely to explode in protest of Inauguration Day (a threat which did not materialize). Then came a January 27 bulletin warning of “a heightened threat environment across the United States that is likely to persist over the coming weeks” from “ideologically-motivated violent extremists with objections to the exercise of governmental authority” (that warning also was not realized).

Then there was a May 14 bulletin warning of right-wing violence “to attack higher-capacity targets,” exacerbated by the lifting of COVID lockdowns (which also never happened). And now we are treated to this new DHS warning about domestic extremists preparing violent attacks over Tulsa (it remains to be seen if a DHS fear is finally realized). Just like the first War on Terror, these threats are issued with virtually no specificity. They are just generalized warnings designed to put people in fear about their fellow citizens and to justify aggressive deployment of military and law enforcement officers in Washington, D.C. and throughout the country. A CNN article which wildly hyped the latest danger bulletin about domestic extremists at Tulsa had to be edited with what the cable network, in an “update,” called “the additional information from the Department of Homeland Security that there is no specific or credible threats at this time.”

And the supposed dangers from domestic extremists on Inauguration Day was such a flop that even The Washington Post — one of the outlets most vocal about lurking national security dangers in general and this one in particular — had to explicitly acknowledge the failure: Thousands [of National Guard troops] had been deployed to capitals across the country late last week, ahead of a weekend in which potentially violent demonstrations were predicted by the FBI — but never materialized. Once again on Wednesday, security officials’ worst fears weren’t borne out: In some states, it was close to business as usual. In others, demonstrations were small and peaceful, with only occasional tense moments.

Read more …

“The study shows American generals enthusiastically planning for the use of nuclear weapons against China.”

Daniel Ellsberg Wants The US To Prosecute Him Under The Espionage Act (IC)

“The whole idea is to kill the bastards,” Gen. Thomas Power, commander of America’s nuclear forces from 1957 to 1963, once said about the use of atomic weapons. “At the end of the war, if there are two Americans and one Russian, we win.” The hold this nuclear lunacy had on the top of the U.S. government is terrifyingly illuminated in a top-secret study of U.S. war plans newly publicized by famed whistleblower Daniel Ellsberg. The document, produced by the RAND Corporation and copied by Ellsberg at the same time he exfiltrated the Pentagon Papers from RAND, examines the U.S. response to the 1958 Taiwan Strait Crisis. The study’s contents were first reported on May 22 by the New York Times.

The crisis, now completely forgotten, began when China attempted to seize several small islands off its coast from Taiwan. The study shows American generals enthusiastically planning for the use of nuclear weapons against China. It is not simply that the officials looked with equanimity on the possibility of killing millions; rather, many seemed frustrated that there were any delays forced upon them by the rest of the government. If China had not changed course, civilization could have ended then and there. Ellsberg is now speaking out about the study, he said in a phone interview, for a straightforward reason: “I got scared.” The issues that led to the 1958 crisis between the U.S. and China have never been resolved; both countries are now ramping up confrontational rhetoric; and most importantly, the strategic rationale that led the U.S. to consider nuclear war then remains exactly the same today.

“You shouldn’t be confident that the current calculations are any less crazy,” Ellsberg said. His apprehension about the potential use of nuclear weapons is intimately linked to another of his key concerns: the Justice Department’s accelerating use of the 1917 Espionage Act to prosecute leakers. Its chilling effect on potential whistleblowers makes it less and less likely that Americans will even know what their government is doing, much less be able to do anything about it. Ellsberg hopes his latest revelation will prompt a cultural and perhaps legal reckoning for the Act.

Read more …

“Workers are abused, underpaid and sickened from exposure to chemicals and toxins such as aluminum dust.”

‘Dying for an iPhone’ (Chris Hedges)

Global capitalists have turned back the clock to the early days of the Industrial Revolution. The working class is increasingly bereft of rights, blocked from forming unions, paid starvation wages, subject to wage theft, under constant surveillance, fired for minor infractions, exposed to dangerous carcinogens, forced to work overtime, given punishing quotas and abandoned when they are sick and old. Workers have become, here and abroad, disposable cogs to corporate oligarchs, who wallow in obscene personal wealth that dwarfs the worst excesses of the Robber Barons. In fashionable liberal circles there are, as Noam Chomsky notes, worthy and unworthy victims. Nancy Pelosi has called on global leaders not to attend the Winter Olympics, scheduled to be held in Beijing in February, because of what she called a “genocide” being carried out by the Chinese government against the Uyghur minority.

New York Times columnist Nick Kristof in a column rattled off a list of human rights violations overseen by China’s leader Xi Jinping, writing “[Xi] eviscerates Hong Kong freedoms, jails lawyers and journalists, seizes Canadian hostages, threatens Taiwan and, most horrifying, presides over crimes against humanity in the far western region of Xinjiang that is home to several Muslim minorities.” Not a word about the millions of workers in China who are treated little better than serfs. They live separated from their families, including their children, and housed in overcrowded company dormitories, which sees rent deducted from their paychecks, next to factories that have round-the-clock production, often making products for U.S. corporations. Workers are abused, underpaid and sickened from exposure to chemicals and toxins such as aluminum dust.

The suffering of the working class, within and outside the United States, is as ignored by our corporatized media as the suffering of the Palestinians. And yet, I would argue, it is one of the most important human rights issues of our era, since once workers are empowered, they can fend off other human rights violations. Unless workers can organize, here and in countries such as China, and achieve basic rights and living wages, it will cement into place a global serfdom that will leave workers trapped in the appalling conditions described by Friedrich Engels in his 1845 book “The Conditions of the Working Class in England” or Émile Zola‘s 1885 masterpiece “Germinal.”

Read more …

Small moves so far, more like virtue signalling.

China Rushes To Pull Back The Yuan From A Three-Year High (CNBC)

China is trying to rein in the yuan as it surges to three-year highs against the U.S. dollar. A stronger yuan makes Chinese goods relatively more expensive to buyers overseas, and has spurred concerns about the competitiveness of Chinese exports — a major contributor to national economic growth. The Chinese yuan traded little changed against the U.S. dollar Thursday after the People’s Bank of China set the yuan’s daily midpoint at 6.3811 versus the greenback. That marked the second-straight day of weaker fixings, reversing six straight trading days of stronger fixings since May 24, according to data from Wind Information.

The PBOC has tried to allow the market to play a greater role in deter mining the yuan’s exchange rate. But the central bank retains some control through daily midpoint fixings against the dollar, allowing the yuan to move 2% higher or lower from that level. The weaker fix followed the central bank’s announcement late Monday that beginning June 15, financial institutions must increase the ratio of their foreign exchange deposits by 2 percentage points — to 7% from 5% currently. The hike forces banks to retain more of their foreign currency holdings, reducing the amount that could be used to influence foreign exchange rates.

It is the first such hike in 14 years since the previous change in May 2007 — before the financial crisis — economists pointed out. They estimate the move will reduce the amount of foreign currency available for long-term trading by $20 billion. Analysts said the exact dollar amount is less significant than the central bank’s message that the yuan will not move in a single direction of continued strengthening against the U.S. dollar.

Read more …

With 80% of Japanese against.

Olympics Will Go Ahead, Says Tokyo Games Chief (G.)

The president of the Tokyo 2020 Olympics organising committee, Seiko Hashimoto, has said the Games will go ahead as planned, soon after the Japan’s most senior medical adviser said holding the event under current coronavirus conditions was “not normal”. “We cannot postpone again,” Hashimoto said an interview published on Thursday in the Nikkan Sports newspaper. Shigeru Omi, head of a panel of experts that has been advising the Japanese government on its Covid-19 response since the start of the pandemic, issued his strongest warning yet of the potential risks of holding the Games. “It’s not normal to have the Olympics in a situation like this,” Omi told a parliamentary committee on Wednesday, adding that organisers should explain to a sceptical public why it was pushing ahead with preparations.

Most Japanese people do not want Tokyo 2020 to be held this summer, according to recent opinion polls. Medical journals have questioned the wisdom of allowing 90,000 athletes, media, sponsors, officials and support staff to enter the country in July, while medical unions say the Games will place additional pressure on health services. The public broadcaster NHK reported that about 10,000 of the 80,000 volunteers who signed up to help during the Games have quit, but organisers said the lower numbers would not be “particularly problematic” since the decision had already been taken to ban spectators from overseas. “There’s no mistake that concerns over the coronavirus could have been a factor,” as well as scheduling conflicts due to last year’s postponement, the Nikkei business paper quoted Tokyo 2020 chief executive Toshiro Muto as saying.

[..] Tokyo and several other regions are under a state of emergency that is due to end on 20 June. While the rate of infections is falling in the capital, there is concern about the risks posed by new variants and Japan’s slow vaccine rollout. The vaccination programme has gathered pace in recent days, but only 2.7% of Japan’s 126 million population has been fully vaccinated. In an attempt to speed up the process with just 50 days to go before the opening ceremony, the government has said large companies and universities will be able to start inoculating staff and students from 21 June. Japan has avoided the large-scale infections suffered by many other countries, but serious cases have risen during the latest outbreak. It has reported more than 750,000 cases since the start of the pandemic, and about 13,200 deaths, a relatively high number among Asian countries.

Read more …

 

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Jul 262020
 


Elaine de Kooning Fairfield Porter #1 1954

 

 

It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m thinking: I don’t see it. I guess my first question is always: please explain why the dollar would collapse before the euro does.

For one thing, the dollar would have to collapse/default against one or more “entities”. The dollar is not like one of those highrises that collapse upon themselves. It will have to default or collapse against something(s) else. Since it is the world reserve currency, that means there would have to be a replacement reserve currency. Yes, that could also be for example gold or SDR’s, or even a basket of currencies, and something like that may happen eventually, but it doesn’t appear in the cards in the short run.

There are really only two candidates for the role, and neither looks at all fit to play it. The euro may have some ambitions in that direction, but it has far too many problems still. The yuan/renminbi certainly has such ambitions, but the Communist party refuses to let it get on stage to show what it’s got. As I recently wrote:

 

The main sticking point for Beijing is a conundrum it cannot solve. The CCP wants to have BOTH a global currency AND total control over that currency. It will have to choose between the two, and cannot make up its mind. So it pretends it doesn’t have to choose. Sure, there has been some advancement for the yuan, but I bet most of that is on the back of the Belt and Road (BRI), and that will turn out to be one of the main victims of the coronavirus. The BRI is China’s very clever way of exporting its overproduction, but potential buyers have other things on their mind today.


Meanwhile, even with that, the yuan is used in only 1.8% of cross-currency payments. [..] The sudden, and rushed, take-over of Hong Kong with the new security law will not help China’s plans to be accepted internationally. [..] The world’s large investors will not put their money into something that Xi Jinping can declare devalued by 50% on a rainy morning when he sees fit. He will have to cede that kind of control.

The euro has made some gains vs the USD recently, going from 1.07 to 1.16 or so, but that means very little once you look at the broader picture. Moreover, the reason the financial press provides for -much of- those gains, which is that the EU supposedly showed “unity” in its recent Recovery Fund talks, is bollocks.

If it showed one thing, it was a lack of unity. That’s why these were the longest talks they ever had. And if this had not been Angela Merkel’s last hurrah, they might not have agreed at all. They paid off the Frugal Four to the tune of hundreds of millions, and that’s how they got a deal. Horse traders.

A simple screenshot from Bloomberg of the USD vs EUR over the last five years makes clear why the recent changes are no big deal. (All BBG screenshots are from July 24 just before 10 AM EDT and all cover a 5 year period.)

 

 

A reserve currency has two roles: being the currency that most international trade is conducted in, and -closely related- being the currency that countries hold most as foreign exchange (FX) reserves. After WWII, the US dollar became the most important currency for trade more or less by default, a position that it greatly strengthened with the petrodollar.

A 2015 SWIFT paper provides details about the US dollar’s share of international trade:

The US dollar prevails as the dominant international trade currency, with a 51.9% share of the value of international currency usage in 2014. The euro is second, with a 30.5% share of the total value. The British pound is third, with a 5.4% share of the total value, followed by Asian currencies such as the Japanese yen and the Chinese yuan.

That’s from five years ago, but things won’t have changed much. The system is complex and inert, it has a very strong resistance against large and sudden changes. (Do note that the euro’s share of international trade is substantially skewed because it includes payments between countries that use the euro as their currency, plus those EU countries that don’t -yet-). Single market, international trade.

And then there’s the dollar’s FX role.

In September 2019, Eswar Prasad at Brookings reported that the dollar’s share of global FX reserves remains around 65%.

The drop from 66 percent in 2015 to 62 percent in 2018, is probably a statistical artifact related to changes in the reporting of reserves. Compared with 2007, however, the dollar’s share of global FX reserves has declined by 2 percentage points while the euro’s share is down 6 percentage points. Over this period, the Japanese yen’s share has risen by 2 percentage points, while other less prominent reserve currencies have increased their total share by 4 percentage points. The renminbi, which was not an official reserve currency in 2007, now accounts for 2 percent of global FX reserves. [..] .. the euro has stumbled, the renminbi has stalled, and dollar supremacy remains unchallenged.

[..] In July 2019, China’s total official reserve assets amounted to just over $3.2 trillion, of which $3.1 trillion (97 percent of the total) was held in the form of FX reserves. Gold holdings amounted to about $89 billion [..] Coming amid rising trade tensions with the U.S., the 5 percent increase in China’s gold stock and the 24 percent increase in the value of its official gold holdings during 2019 have been interpreted as a sign of China’s attempting to diversify its reserve holdings away from U.S. dollars.

If this interpretation was indeed correct, China has a long way to go. Gold now accounts for 3 percent of China’s gross international reserves. From a global financial market perspective, and especially relative to its overall international reserves, the $18 billion increase in the value of China’s gold reserves during 2019 is trivial; it barely registers as a shift in the composition of China’s overall reserves.

Assuming that China still holds 58 percent of its FX reserves in dollar-denominated assets, the value of those assets in July 2019 was $1.8 trillion. So, the value of its gold reserves, $94 billion, is a mere one twentieth of that of China’s dollar-denominated reserves.

With the euro and yuan out of the way as potential reserve currency candidates, we can take a look at gold. Senior commenter Dr.D at the Automatic Earth recently wrote: “As advertised, the US$ is defaulting. What? Where? US$ has been cut in half compared to Silver in 3 months. US$ has been cut in half compared to BTC in 3 months. US$ has been cut in half compared to Gold in 4 years.

Like many people talking about a USD demise, perhaps that’s too much of a dollar-centric view and conclusion. Surely gold and silver can rise vs the USD without announcing an imminent collapse of the latter. And since precious metals tend to go up in times of uncertainty, and COVID has brought shovels full of just that, you would expect them to rise.

Therefore you would have to also look at how they do vs for example the euro, before concluding anything. Note: I didn’t include Bitcoin because it’s too new and volatile. Makes me think of the Lindy Effect, often cited by Nassim Taleb, the idea that the older something is, the longer it’s likely to be around in the future.

Here are a few more Bloomberg screenshots. And yes, gold has done well vs the USD in, say, the past two years, no doubt.

 

 

But gold has pretty much followed the exact same pattern vs the euro:

 

 

Silver has done even better, more recently, vs the USD, though compared to where it was in 2016 it’s not that big a step (barely more than 10%):

 

 

And the pattern of silver vs the euro is so similar it’s almost eery.

 

 

I don’t see anything there that would make me think the dollar is collapsing, no more than the euro is. What I see is gold and silver rising. People move into precious metals, perceived as safe havens; they always do when the world is in turmoil. And don’t forget there are trillions in additional recent central bank money sloshing around that have to move somewhere.

As for the changes of the USD vs the euro: we’ve already seen that they are not exceptional. Losing a few percent vs the euro will not collapse the dollar.

Also, there’s something missing in the discussion as far as I’ve seen: the option that it’s the US itself that wants a lower dollar at this point in time, and actively works to get it lower. A strong dollar works for a strong economy, but not for one weakened by a pandemic and an acrimonious political climate.

But the US has borrowed so much money!, you say. Yes, but so have Europe, and Japan, and China, everyone has who could.

 

A little more about gold, since some are clamoring for a return to the gold standard. Which is not likely, because too many parties would resist, either for ideological or practical reasons. But say you would consider it, then you would as one of the first things you do, look at gold reserves. Here are the top ten gold holding countries per March 2020, as assembled by TradingEconomics.com:

 

 

Note: Britain is not there, because “Between 1999 and 2002 the Treasury sold 401 tonnes of gold – out of its 715-tonne holding – at an average price of $275 an ounce, generating about $3.5bn during the period.” (BBC). Gold is at $1,900 today. Nuff said.

The US gold reserves are so large it would appear to give them an unfair advantage if a gold standard were considered. Same as they have in the current set-up. Then again, if you insert population numbers into the equation, Germany, Italy, Switzerland, even the Netherlands, have more in relative terms. Question is: where does that leave all the others?

Long story short: I don’t see a US dollar default or collapse in the near future. But by all means enlighten me.

 

 

 

 

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Jul 062020
 


Dorothea Lange White Angel Breadline San Francisco 1933

 

100s Of Scientists Say Coronavirus Airborne, Ask For WHO Review (R.)
Australia Closes State Border For First Time In 100 Years (R.)
Time For China To Decouple The Yuan From US Dollar (SCMP)
Susan Rice Sees Stock Rise In Biden VP Race (Hill)
Susan Rice: Trump Picks Putin Over US Troops (Hill)
Schiff Learned Of Russian ‘Bounty’ Intel In February, Took No Action (Fed.)
Barr’s Team Startled In ‘First Chance’ To Assess Mueller Investigation (WE)
Nomi Prins: “We’re Living In A Permanent Distortion” (USAW)
Only Bold State Intervention Can Block A Future Owned By Corporate Giants (G.)
Prosecutors Seek Friday Court Appearance For Ghislaine Maxwell (R.)
Ohio Town Proclaims Itself A ‘Statue Sanctuary City’ (JTN)

 

 

New daily numbers are almost quiet. But now the weekend’s mostly over.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I had this yesterday via the Brussels Times, but now the NYT has picked it up. Much bigger news.

100s Of Scientists Say Coronavirus Airborne, Ask For WHO Review (R.)

Hundreds of scientists say there is evidence that the novel coronavirus in smaller particles in the air can infect people and are calling for the World Health Organization to revise recommendations, the New York Times reported on Saturday. The WHO has said the coronavirus disease spreads primarily from person to person through small droplets from the nose or mouth, which are expelled when a person with COVID-19 coughs, sneezes or speaks. In an open letter to the agency, which the researchers plan to publish in a scientific journal next week, 239 scientists in 32 countries outlined the evidence showing smaller particles can infect people, the NYT said. “We are aware of the article and are reviewing its contents with our technical experts,” WHO spokesman Tarik Jasarevic said in an email reply to a Reuters request for comment.


Whether carried by large droplets that zoom through the air after a sneeze, or by much smaller exhaled droplets that may glide the length of a room, the coronavirus is borne through air and can infect people when inhaled, the scientists said, according to the NYT. However, the health agency said the evidence for the virus being airborne was not convincing, according to the NYT. “Especially in the last couple of months, we have been stating several times that we consider airborne transmission as possible but certainly not supported by solid or even clear evidence,” Dr. Benedetta Allegranzi, the WHO’s technical lead of infection prevention and control, was quoted as saying by the NYT.

Read more …

Drones to track down people trying to swim across.

Australia Closes State Border For First Time In 100 Years (R.)

The border between Australia’s two most populous states will close from Tuesday for an indefinite period as authorities scramble to contain an outbreak of the coronavirus in the city of Melbourne. The decision announced on Monday marks the first time the border between Victoria and New South Wales has been shut in 100 years. Officials last blocked movement between the two states in 1919 during the Spanish flu pandemic. “It is the smart call, the right call at this time, given the significant challenges we face in containing this virus,” Victoria Premier Daniel Andrews told reporters in Melbourne. The move will, however, likely be a blow to Australia’s economic recovery as it heads into its first recession in nearly three decades.


The number of COVID-19 cases in the Victorian capital of Melbourne has surged in recent days, prompting authorities to enforce strict social-distancing orders in 30 suburbs and put nine public housing towers into complete lockdown. The state reported 127 new COVID-19 infections overnight, its biggest one-day spike since the pandemic began. It also reported two deaths, the first nationally in more than two weeks, taking the national tally to 106. NSW Premier Gladys Berejiklian said there was no timetable for reopening the border, which will be patrolled by the military to prevent illegal crossings from 11.59 p.m. local time on Tuesday. The state line is highly porous, with 55 roads, wilderness parks and rivers. Some businesses straddle both sides and several workers, and school children, commute daily.

Read more …

We keep on returning to the same mega problem for China: nobody wants the yuan. Can they force-feed it to enough parties?

Time For China To Decouple The Yuan From US Dollar (SCMP)

China must brace for a full-blown escalation of the struggle with the United States and prepare to gradually decouple the Chinese yuan from the US dollar, a former senior Chinese diplomat warned amid the continued downward spiral in relations between the world’s two largest economies. Zhou Li, a former deputy director of the Communist Party’s International Liaison Department – which manages relations with foreign political parties, organisations and elites – is the latest in a series of voices in China calling for the country to be ready for a currency split with the US amid growing signs of financial war in recent weeks.

“By taking advantage of the dollar’s global monopoly position in the financial sector, the US will pose an increasingly severe threat to China’s further development,” Zhou wrote in the full version of an article published on Saturday by the Beijing-based think tank Chongyang Institute for Financial Studies at Renmin University. China should now make preparations to insulate itself from “dollar hegemony and gradually achieve the decoupling of the renminbi from the US currency”, Zhou said. “The US dollar could become a major risk issue that ‘has us by the throat’.” Zhou’s comments come as Washington is set to impose new sanctions on Chinese officials and financial firms for their part in the new national security law for Hong Kong.

The Hong Kong Autonomy Act, passed by Congress last week, requires the administration to punish foreign banks if they continue to do business with sanctioned officials, including possibly denying them access to the global US dollar payment system. His remarks also mirrored a growing consensus in Beijing that China should “give up the illusion” of friendship but instead prepare for a full-fledged conflict with the US. [..] China holds more than US$2 trillion in overseas investments, the vast majority in developed countries and denominated in US dollars. China also holds US$1.07 trillion in US Treasury securities as part of its US$3 trillion foreign exchange reserves.

China must accelerate the internationalisation of the yuan, speed up the increase in cross-border payments and clearing arrangements for the yuan, establish local currency settlement mechanisms with more countries, and create conditions to maximise the use of the Chinese currency in global industrial supply chains, Zhou said. His views echoed a call by Fang Xinghai, a vice-chairman of the China Securities Regulatory Commission, who warned in a recent speech that China must make urgent preparations for being cut off from the US dollar payment system. “Yuan internationalisation is a must to offset external financial pressure,” Fang said.

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How to keep some focus on Biden while he’s hiding? Daily tidbits about VP candidates.

Susan Rice Sees Stock Rise In Biden VP Race (Hill)

Sens. Kamala Harris (D-Calif.) and Elizabeth Warren (D-Mass.) are getting most of the buzz, but former U.S. Ambassador to the United Nations Susan Rice is also getting a lot of attention in Joe Biden’s campaign as he considers who to pick as his running mate, sources say. Rice, who also served as former President Obama’s national security adviser, has seen her stock rise amid a series of crises, including the COVID-19 pandemic. “I know she’s very much in the mix,” a source close to the Biden campaign said. One factor to watch is Biden’s relationship with Rice. The two worked closely in the Obama administration, and personal chemistry is an underrated factor in vice presidential decisions.

“I know they have a good relationship — perhaps the best relationship of anyone on the list,” the source close to the Biden campaign said. “They’ve known each other for years, they’ve worked alongside each other and she’s been tested in a way that a lot of folks on the list just haven’t been.” Biden, who has committed to selecting a woman as his running mate, has said repeatedly that he is looking for someone who is “ready to be president on day one.” He is also under pressure by some Democrats to pick a woman of color after the death of George Floyd and the demonstrations that followed urging an end to systemic racism. Harris has widely been seen as the favorite, but sources said Rice should not be counted out.

“Everyone automatically thinks of Kamala when they think he needs to pick a woman of color. It’s become conventional wisdom,” said a source who worked in the Obama administration alongside Biden and Rice. “But if you look at Susan’s credentials, she makes perfect sense. She’s a rock star who has the confidence, stature and gravitas to be vice president.”

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And then put people like Rice out on TV shows, to test how people respond to her, and to create the illusion that there’s activity going on. If she can throw some outrageous claims out there, all the better.

Susan Rice: Trump Picks Putin Over US Troops (Hill)

Former U.S. Ambassador to the United Nations Susan Rice said Sunday that President Trump picks Russian President Vladimir Putin over U.S. troops “even when it comes to the blood of American service members.” Rice, who also served as former President Obama’s national security adviser, told NBC’s “Meet the Press” that she believes Trump was briefed on the intelligence that Russia was offering bounties to Taliban-linked militants to kill U.S. and coalition service members in Afghanistan. “The message to Vladimir Putin is you can kill American servicemen and women with absolute impunity,” she said. “This is an extraordinary revelation. The president of the United States has demonstrated absolutely callous disregard for the safety and security of American forces in a war zone and there’s no explanation for this.”


“Now we learn that even when it comes to the blood of American service members, this president picks Putin over our troops,” she added. The former national security adviser said intelligence is “very, very rarely” proven with “100 percent certainty” after administration officials have claimed the intelligence was contradictory. She said if advisers did not inform Trump of the intelligence last year, she thinks it would be “because they’re scared of him.” Rice, a possible contender for presumptive Democratic nominee Joe Biden’s vice presidential pick, also cited that “everything [Trump] has done since” his denial of the intelligence community’s findings of Russian interference in the 2016 election, has benefited Russia.

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But can Rice really accuse Trump of risking US troops’ lives, while that angle has been largely discredited and Adam Schiff’s role has not?

Schiff Learned Of Russian ‘Bounty’ Intel In February, Took No Action (Fed.)

Top committee staff for Rep. Adam Schiff (D-Calif.), the chairman of the House Permanent Select Committee on Intelligence, were briefed in February on intelligence about Russia offering the Taliban bounties in Afghanistan, but he took no action in response to the briefing, multiple intelligence sources familiar with the briefing told The Federalist. The intelligence was briefed to Schiff’s staff during a congressional delegation, or CODEL, trip to Afghanistan in February. Schiff, who has acknowledged President Donald Trump was never briefed on the so-called intelligence, has thus far refused to disclose that his staff was personally briefed. The revelation raises serious questions that Schiff is once again politicizing, and perhaps even deliberately misrepresenting, key data for partisan gain.


Asked by a reporter Tuesday if he had any knowledge of the Russia story prior to the New York Times report, Schiff said “I can’t comment on specifics.” Schiff’s recent complaints that Trump took no action against Russia in response to rumors of Russian bounties are curious given that Schiff himself took no action after his top staff were briefed by intelligence officials. As chairman of the intelligence committee, Schiff had the authority to immediately brief the full committee and convene hearings on the matter. Schiff, however, did nothing. He did not brief his committee on the matter, nor did he brief the gang of 8, which consists of top congressional leadership in both chambers.

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Adam Schiff on Bob Mueller.

Barr’s Team Startled In ‘First Chance’ To Assess Mueller Investigation (WE)

Attorney General William Barr’s team was in for a shock when it met with special counsel Robert Mueller before his report was released, according to a forthcoming book. CNN legal analyst Jeffrey Toobin wrote about Barr’s “first chance” to assess the Russia investigation in early March 2019 in True Crimes and Misdemeanors: The Investigation of Donald Trump, an excerpt of which was published last week by the New Yorker. He described a “fairly relaxed session” in which Mueller “gave a brief introduction” to Barr and his staff, who later reflected on how the former FBI director didn’t live up to expectations.

“Later, Barr’s team noted that Mueller looked tired and old. Because Mueller had been the focus of so much public attention for nearly two years and said so little in public, he had taken on an almost mythic status, even among people who once knew him well, like Barr. To see him after this exhausting enterprise was startling. He was an old seventy-four,” Toobin wrote in the book that is set for release in August. They weren’t the only ones.

One prominent Democrat, House Intelligence Committee Chairman Adam Schiff, said in a recent podcast that he was surprised by Mueller’s shaky testimony before the House Judiciary and Intelligence committees in July 2019 after his report was released. The California Democrat agreed when asked whether he was “shocked” during a Daily Beast podcast last month. “I have known Bob Mueller for a long time. I have tremendous respect for him. I think he is just an amazing human being and public servant,” Schiff said. “He was not the man that I knew just in terms of his strength of presence, and so, it was quite surprising.

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“We are not going to pay back this debt, and this is global. Nobody is even considering trying to pay back the debt..”

Nomi Prins: “We’re Living In A Permanent Distortion” (USAW)

Three time best-selling book author Nomi Prins says long before the Covid 19 crisis, the global economy was faltering big time. The Fed stepped in with the start of massive money printing in late 2019 to save the day. Prins explains, “We were already in crisis mode as I mentioned at the end of my last book going into 2019.” What did we see at the end of 2019? We saw this pivot, and I call it phase two. . . . Central banks had pivoted to easing mode. . . . Come September, October, November and December, the Fed is producing repo operations. Those are short-term lending operations that are supposed to be the purview of the banks . . . . The Fed is not supposed to get involved, but it did. The Fed had all kinds of excuses. It said it was not QE, but it was. . . . The debt at the end of 2019 for the world was three times GDP. For every $3 borrowed, only $1 of economic activity occurred. That’s what we started 2020 with. Throw a pandemic into that . . . and you have a long drawn out financial and economic crisis.”

Now, the money printing has gone into overdrive to save the system from the virus crisis. The social and economic damage, according to Prins, is profound and not going away. Prins points out,

“We are not going to pay back this debt, and this is global. Nobody is even considering trying to pay back the debt that has been created. Let’s think about why that debt has been created. It’s not just because the economy slowed down. That’s one reason and kind of an excuse. The reality is the Fed is on steroids, and other central banks are on steroids . . . throughout the world in a larger number and larger magnitude than in the wake of the financial crisis of 2008. This means all this new debt created is even cheaper than the debt created going into the 2008 crisis. So, more debt, created more cheaply, means less incentive to pay it back and more incentive to push it down the road and grow it. You’ve got this snowball of debt rolling down this high mountain, and it’s rolling and growing and getting bigger. The mountain, which is the main street economy, is coming down as the snow ball is coming down, and the main street economy itself, that foundation, is really shaky. . . . How does this end? It ends with us, the foundation, which is the main street economy, by both that snowball of debt and the avalanche of the mountain. That’s going to be a multi-decade problem.”

Prins says this next stage has a brand new name and explains, “I call this a ‘Permanent Distortion.’ I have not used this term in prior books, but I am using it because . . . the disconnect between financial assets, equity markets and the real economy . . . has become massive…

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A state holding company modeled after Roosevelt’s Reconstruction Finance Corporation.

Only Bold State Intervention Can Block A Future Owned By Corporate Giants (G.)

Our economy after Covid-19 could turn out to be merely an uglier, more distorted version of the lopsided system we have today. We may find that we’ve stumbled into an “Amazon recovery”, where big businesses and corporate behemoths hold an even greater share of the market, billionaires get richer (and more numerous) and inequality is supercharged. Like a handful of other corporate giants, Amazon has seen its business expand during this crisis. In the US, the company took on 100,000 new workers between mid-March and mid-April, before looking to create another 75,000 posts. Its stock price has soared by more than 50% since the beginning of April, and Amazon’s founder, Jeff Bezos, has seen his wealth increase by $30bn (£24bn) during the pandemic alone. The global billionaire class have never had it so good.

The government must ensure the recovery works for everyone, not just for the richest. A large part of the answer lies in a move to block corporate consolidation and predatory acquisition, preventing the leveraged buyout of the economy. This could take the form of a state holding company, with a mandate to support struggling SMEs directly through the coronavirus era and to prevent the destruction of what remains of the UK’s local small-business sector. It would target businesses that were cash-positive before March and can be once again, when the crisis has passed. Later, where appropriate, this holding company could relaunch many of these rescued businesses under conditions of worker or community ownership, or as mission-driven social enterprises.

In this way, the holding company could become an important instrument in a green transition, building community wealth by supporting local economic activity. A democratic society can’t flourish under conditions of unrestrained inequality, and will be even more imperilled in an economy where wealth and power are further concentrated. The only alternative to an unjust recovery is to use state power to protect smaller firms and create a more democratic economy where ownership and economic rewards are more widely shared. History can be our guide here. A similar move lay at the heart of the US response to the economic crisis of the 1930s. Under Franklin D Roosevelt, the Reconstruction Finance Corporation, a state holding company, was permitted to acquire failing businesses until they could be relaunched during the recovery from the Great Depression. One of the engines of the New Deal, the RFC became not only the biggest bank in the US, but also the single largest investor in the country.

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Bail hearing. If she gets bail, that will be a very large scandal.

Prosecutors Seek Friday Court Appearance For Ghislaine Maxwell (R.)

Prosecutors have asked a judge to schedule a Friday court appearance in New York for Ghislaine Maxwell, the former girlfriend and longtime associate of the late disgraced financier Jeffrey Epstein. Maxwell was arrested on Thursday on U.S. charges of luring underage girls so that Epstein could sexually abuse them. The FBI arrest of the British socialite was the latest twist in the mystery of Epstein, who went from a high school math teacher to a high-flying lifestyle of private Caribbean islands and powerful connections that his victims say allowed him to abuse minors with impunity.


Maxwell, 58, was arrested in Bradford, New Hampshire, where she had been laying low since December, the FBI said last week. In a letter on Sunday to Judge Alison Nathan at the U.S. District Court for the Southern District of New York, acting United States Attorney Audrey Strauss said Maxwell’s defense lawyer, Christian Everdell, has requested a Friday, July 10, bail hearing. Maxwell is charged with four criminal counts related to procuring and transporting minors for illegal sex acts and two of perjury, according to the indictment by federal prosecutors in New York.

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One man’s misery is another man’s good fortune.

Ohio Town Proclaims Itself A ‘Statue Sanctuary City’ (JTN)

As protesters target statues around the nation, one town is becoming a statue sanctuary city for monuments honoring select figures. Newton Falls, Ohio City Manager David M. Lynch has signed a proclamation that states that the city will accept and display spurned statues of people including George Washington, Abraham Lincoln, and certain other prominent figures.


“A Proclamation declaring that Newton Falls is a Statuary Sanctuary City and declaring a general amnesty for George Washington, Abraham Lincoln, Thomas Jefferson, Ulysses S. Grant, Patrick Henry, Francis Scott Key, Theodore Roosevelt and Christopher Columbus as represented by the statues of these great leaders, and volunteering to accept these statues that have been removed throughout the USA and place them in a location of honor in our community,” the proclamation says, according to a copy posted by 21-WFMJ. “They founded our nation, they ended slavery, and established and protected our national parks,” Lynch said, according to Fox 8. “Yes, they had warts but they laid the foundation for what we have today,” he said.

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Assange. Don’t miss.

 

 

 

This is brilliant. Who on earth made this happen?

 

 

 

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