Dec 182024
 
 December 18, 2024  Posted by at 10:22 am Finance Tagged with: , , , , , , , , , ,  72 Responses »


Pablo Picasso Woman in an armchair (Olga) 1922

 

Trump Says He Wants To Talk To Putin (RT)
Trump Could End US-Supported Long-Range Strikes on Russia (Antiwar)
Assad’s Overthrow An ‘Unfriendly Takeover’ By Türkiye – Trump (RT)
Trump Threatens To Fire Federal Employees Working From Home (JTN)
Trump Sues Des Moines Register, Pollster For Brazen Election Interference (ZH)
House GOP Accuses Liz Cheney Of Tampering With J6 Witness (JTN)
The Danger of White Knight Pardons (Turley)
An Open Letter To Robert F. Kennedy, Jr. (AmG)
Will Putin Fight or Surrender? (Paul Craig Roberts)
Finland Warns Against Peacekeepers In Ukraine (RT)
Slain Russian General Worked Fearlessly To Expose Western Crimes – Moscow (RT)
Which Western Politician Will Flee Their Sinking Ship Next? (Marsden)
Musk Accuses ‘Deep State Traitors’ Of Targeting Him (RT)
Boeing’s Failed Plea Deal: What Happens Next (ET)
World Gripped By Mental Health ‘Pandemic’ – FT (RT)

 

 

 

 

https://twitter.com/i/status/1868707860504625322

Trump Xi
https://twitter.com/i/status/1868830594991636722

Kash

Jennings
https://twitter.com/i/status/1868863814256431386

Mike Benz

Tucker Sachs

 

 

 

 

“It’s a carnage that we haven’t seen since the Second World War,” he continued. “It’s got to be stopped. And I’m doing my best to stop [it].”

Trump Says He Wants To Talk To Putin (RT)

US President-elect Donald Trump has said that he will speak to both Russian President Vladimir Putin and Ukrainian leader Vladimir Zelensky in a bid to stop the “carnage” between Moscow and Kiev. During a press conference at his Mar-a-Lago estate on Monday, Trump refused to comment when asked whether he had spoken to Putin since he won last month’s presidential election. However, Trump said that he intends to do so. “We’ll be talking to President Putin and we’ll be talking to the representatives, Zelensky and representatives from Ukraine,” he said. “We’ve got to stop it. It’s carnage,” he added, referring to the almost three-year conflict between Russia and Ukraine. “It’s a carnage that we haven’t seen since the Second World War,” he continued. “It’s got to be stopped. And I’m doing my best to stop [it].”

Trump vowed on the campaign trail to end the conflict within a day of taking office, although he has since admitted that doing this may be “more difficult” than he previously thought. The incoming president met with Zelensky in Paris earlier this month, and said immediately after last month’s election that he will likely speak to Putin in the near future. Trump and his prospective cabinet officials have refused to comment on media reports claiming that they have been in contact with Moscow, while the Kremlin last month denied a report by the Washington Post suggesting that Trump reached out to Putin by phone immediately after the election. Putin has said that Trump’s statements on ending the conflict “deserve attention,” and that he is open to talks with the president-elect. “It wouldn’t be beneath me to call him myself,” the Russian president said at a meeting of the Valdai International Discussion Club in Sochi last month.

As Trump has not revealed any details on the kind of settlement he intends to propose to Putin and Zelensky, his plans have remained the subject of media speculation. Most American news outlets have predicted that Trump will push for the conflict to be frozen along the current line of contact, with Ukraine abandoning its aspirations of NATO membership in exchange for security guarantees from the West. Trump has explicitly said that the US will leave the enforcement of such a deal up to NATO’s European members. Moscow maintains that any settlement must begin with Ukraine ceasing military operations and acknowledging the “territorial reality” that it will never regain control of the regions of Donetsk, Lugansk, Kherson, and Zaporozhye, as well as Crimea. In addition, the Kremlin insists that the goals of its military operation – which include Ukrainian neutrality, demilitarization, and denazification – will be achieved.

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“He should be prepared to make a deal. That’s all. Too many people being killed..”

Trump Could End US-Supported Long-Range Strikes on Russia (Antiwar)

President-elect Donald Trump suggested at a press conference at Mar-a-Lago on Monday that he could reverse President Biden’s decision to support long-range missile strikes on Russian territory. Trump said it was a “big mistake” for the Biden administration to greenlight the escalation without asking him what he thought. When asked if he might reverse the decision, the president-elect said, “I might, yeah. I thought it was a very stupid thing to do.” The comments mark the second time in recent days that Trump expressed his concern over the long-range strikes that Ukraine has launched using US ATACMS missiles and British Storm Shadow missiles. In an interview with Time Magazine that was published last week, Trump said that he “vehemently” disagreed with Biden’s decision. The Kremlin noted Trump’s comments and said Russia agreed with the president-elect.

“The statement in itself is fully in harmony with our position. That is, our visions of reasons behind the escalation coincide. And, of course, we like that,” said Kremlin spokesman Dmitry Peskov. Biden signed off on long-range strikes in Russia despite Moscow making it clear the escalation would risk nuclear war. In response to the step, Russian President Vladimir Putin formally changed Russia’s nuclear doctrine, which lowered the threshold for the use of nuclear weapons. At his press conference, Trump also said that Ukrainian President Volodymyr Zelensky should be ready to make a deal with Russia to end the war. “He should be prepared to make a deal. That’s all. Too many people being killed,” he said. Trump campaigned on ending the proxy war but hasn’t articulated how he will do that. When asked if he would pressure Ukraine to cede territory, Trump wouldn’t give a direct answer.

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“[Türkiye] wanted [Syria] for thousands of years, and he got it… Türkiye did an unfriendly takeover without a lot of lives being lost..”

Again, Trump doesn’t want the killing.

Assad’s Overthrow An ‘Unfriendly Takeover’ By Türkiye – Trump (RT)

Türkiye is behind the regime change in Syria, US President-elect Donald Trump claimed on Monday in his first press briefing since the November election. Trump called the overthrow of Bashar Assad and his government an “unfriendly takeover” by Ankara. The situation in Syria has changed drastically over the past two weeks after militants led by the Hayat Tahrir-al-Sham (HTS) jihadist group launched an offensive against the country’s troops, taking over major cities, including the capital Damascus. After the collapse of the Syrian military, the armed opposition seized power, forcing President Assad to flee to Russia, where he was granted political asylum. “Those people that went in are controlled by Türkiye, and that’s OK,” Trump stated. He added that he considers Turkish President Recep Tayyip Erdogan a “smart” and “very tough” guy for succeeding in the overthrow of the Syrian leadership.

“[Türkiye] wanted [Syria] for thousands of years, and he got it… Türkiye did an unfriendly takeover without a lot of lives being lost,” Trump added. He also praised what he described as Türkiye’s “major military force” which “has not been worn out with war.” According to Trump, Türkiye will also play a significant role in Syria’s future. “Nobody knows what the final outcome is going to be in the region. Nobody knows who will rule in the final… Right now, Syria has a lot of indefinites, but I think Türkiye is going to hold the key to Syria,” the president-elect predicted. Türkiye shares its longest land border with Syria, over 900km, and had been a main backer of opposition groups aiming to topple Assad since the outbreak of the civil war in 2011. Despite listing the jihadi HTS, which initiated the current unrest, as a terrorist organization, Ankara is thought to have significant influence over the group.

Türkiye also backs the Syrian National Army (SNA), which earlier this month launched its own offensive in the eastern part of the country, hoping to capitalize on the collapse of Syrian government forces. Days prior to Assad’s overthrow, Erdogan voiced support for the insurgency in Syria, urging the armed opposition to continue their march to Damascus. Since Assad’s ouster, Washington and Ankara, which both back various rebel groups in the region, have held talks on ways to stabilize the situation and counter the potential resurgence of Islamic State militants in Syria. At a meeting between US Secretary of State Antony Blinken and Turkish Foreign Minister Hakan Fidan last week, the two agreed to continue working together on preventing terror groups from abusing the current instability in the country and on bringing peace to the region, starting with efforts to establish an interim government.

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“Telework and remote work are tools that have helped the federal government increase productivity and efficiency..”

That’s the exact opposite of what DOGE says.

Trump Threatens To Fire Federal Employees Working From Home (JTN)

President-elect Donald Trump blasted federal “work from home” policies Monday, calling them “ridiculous” and stirring up pushback from federal employee unions. “If people don’t come back to work, come back into the office, they’re going to be dismissed,” Trump told reporters during a news conference at Mar-a-Lago. The issue has been thrust to the forefront in part by the incoming Trump administration’s emphasis on government efficiency, spearheaded by Elon Musk and Vivek Ramaswamy. But the issue has also gained national attention because Biden administration officials like outgoing Social Security Administrator Martin O’Malley negotiated a deal with union leaders to entrench the policies, keeping telework in place for his 42,000 employees until 2029.

Everett Kelley, national president of the American Federation of Government Employees, the largest federal employee union, threatened legal action against the incoming Trump administration if the president-elect tries to upend previously bargained union deals that let federal employees work from home. “Collective bargaining agreements entered into by the federal government are binding and enforceable under the law,” Kelley said. “We trust the incoming administration will abide by their obligations to honor lawful union contracts. If they fail to do so, we will be prepared to enforce our rights.” According to the U.S. Office of Personnel Management, there are nearly 3 million federal employees. Kelley argued that the extent to which federal employees work from home has been exaggerated.

“Rumors of widespread federal telework and remote work are simply untrue,” Kelley said. “More than half of federal employees cannot telework at all because of the nature of their jobs, only ten percent of federal workers are remote, and those who have a hybrid arrangement spend over sixty percent of working hours in the office.” Critics have shot back saying that effectively means that 40% of federal work hours are remote. If you remove certain workers like post-office employees and maintenance workers from the equation, the percentage of federal remote work is much higher. In particular, workers in the federal agencies in and around Washington, D.C. have largely grown accustomed to at least partially working remote. Kelley argued the policies help the government recruit and keep “top talent.”

“Telework and remote work are tools that have helped the federal government increase productivity and efficiency, maintain continuity of operations, and increase disaster preparedness,” Kelley said in a statement Monday. “These policies also assist agencies across the government, including the Social Security Administration, in recruiting and retaining top talent.

Waiver

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No way that was an honest mistake. Career over.

Trump Sues Des Moines Register, Pollster For Brazen Election Interference (ZH)

On Monday afternoon, President-elect Donald Trump told reporters at a news conference at his Mar-a-Lago Club in South Florida that his team was preparing to file a “major lawsuit” against the Des Moines Register and its top pollster, J. Ann Selzer for election interference and fraud over their final polling data in the days before the presidential election. Trump followed through on his word, as Fox News reports that his team filed a lawsuit against the Des Moines Register and Selzer overnight in Polk County, Iowa, under the Iowa Consumer Fraud Act and related provisions. The lawsuit seeks “accountability for brazen election interference committed by” the local paper and Selzer “in favor of now-defeated former Democrat candidate Kamala Harris through use of a leaked and manipulated Des Moines Register/Mediacom Iowa Poll conducted by Selzer and S&C and published by DMR and Gannett in the Des Moines Register on Nov. 2, 2024.”

The lawsuit also targets Gannett, the parent company of the Des Moines Register, which owns USA Today and several other local papers across the US. “Contrary to reality and defying credulity, defendants’ Harris Poll was published three days before Election Day and purported to show Harris leading President Trump in Iowa by three points; President Trump ultimately won Iowa by over thirteen points,” the filing stated. Selzer was once considered the “gold standard” of polling, but after Trump swept the state by a 13-point margin, winning the actual vote 56-43%, she later acknowledged her poll was a “big miss” and suggested that it might have “actually energized [d] and activated [d] Republican voters who thought they would likely coast to victory,” according to our previous report. Following the public opinion polling blunder, Selzer wrote in a guest column in the Des Moines Register just a little more than a week after the election that her days advising the paper’s famed Iowa Poll was over, and she would be “transitioning to other ventures and opportunities.”

Selzer’s exit—and now her legal troubles with Trump’s team—reflects a broader shift: trust in mainstream polling has plummeted to historic lows. Those accused of waging an information war on the minds of the people are now being held accountable. “The Harris Poll was no ‘miss’ but rather an attempt to influence the outcome of the 2024 Presidential Election,” the lawsuit said, adding that “defendants and their cohorts in the Democrat Party hoped that the Harris Poll would create a false narrative of inevitability for Harris in the final week of the 2024 Presidential Election.” The era of misinformation and disinformation by the Democratic Party, propped up by fake news, fake polls, and a government-sponsored censorship complex (and billionaire-funded: Soros), has infuriated the American people. At the same time, prediction markets like Polymarket have emerged, which offer one of the best insights into electoral outcomes and signal a new tool in political forecasting.

The lawsuit noted that Selzer’s more than three-decade run in the industry has led to her retirement “in disgrace from polling less than two weeks after this embarrassing rout.” The lawyers argued that “left-wing pollsters have attempted to influence electoral outcomes through manipulated polls that have unacceptable error rates and are not grounded in widely accepted polling methodologies.” [..] The lawsuit Monday night comes days after far-left ABC News and its top anchor, George Stephanopoulos, reached a $15 million defamation suit with Trump. Trump also filed a lawsuit against far-left CBS News, demanding $10 billion in damages over “deceitful, deceptive manipulation of news” for the election interference surrounding Harris’ questionable interview in October.

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“Federal law criminalizes witness tampering of varying degrees, and subjects a defendant to as many as 20 years in prison..”

House GOP Accuses Liz Cheney Of Tampering With J6 Witness (JTN)

The House Administration Oversight Subcommittee and its chairman Barry Loudermilk on Tuesday released an interim report on the Jan. 6 Capitol riot, concluding the attack was preventable and also asking for an investigation into former Rep. Liz Cheney for criminally tampering with a witness during the Democrat-led congressional inquiry of the tragedy. “Based on the evidence obtained by this Subcommittee, numerous federal laws were likely broken by Liz Cheney, the former Vice Chair of the January 6 Select Committee, and these violations should be investigated by the Federal Bureau of Investigation,” the report released by the House Administration Oversight Subcommittee and its chairman Barry Loudermilk stated.”Evidence uncovered by the Subcommittee revealed that former Congresswoman Liz Cheney tampered with at least one witness, Cassidy Hutchinson, by secretly communicating with Hutchinson without Hutchinson’s attorney’s knowledge.,” it added.

“This secret communication with a witness is improper and likely violates 18 U.S.C. 1512. Such action is outside the due functioning of the legislative process and therefore not protected by the Speech and Debate clause.” Federal law criminalizes witness tampering of varying degrees, and subjects a defendant to as many as 20 years in prison.The report also took direct aim at former White House aide Cassidy Hutchinson, Cheney’s star witness at the nationally televised hearings, alleging that Cheney encouraged false testimony about a handwritten document and noting her sensational claim that former President Donald Trump tried to commandeer his presidential limousine that day to take it to the Capitol was directly refuted by the Secret Service.Loudermilk’s report suggested Cheney also bore responsibility for Hutchinson’s testimony.

“The Federal Bureau of Investigation must also investigate Representative Cheney for violating 18 U.S.C. 1622, which prohibits any person from procuring another person to commit perjury,” the report said. ”Based on the evidence obtained by this Subcommittee, Hutchinson committed perjury when she lied under oath to the Select Committee.”The report delivers a second bombshell, revealing Loudermilk’s team uncovered “evidence of collusion” between Special Counsel Jack Smith and the Democrats’ Jan. 6 committee led by Rep. Bennie Thompson, D-Miss., and Cheney. When Smith released a trove of documents in October that were used in his filings in the Trump case, present in the batch was an unredacted transcript from one Jan. 6 Select Committee interview with a witness.

“Given that the Select Committee did not archive, or otherwise destroy this transcript, and that the White House refused to provide an unredacted version to the Subcommittee, the only remaining explanation is that Special Counsel Smith received the unredacted version from one of the two institutions which did not cooperate fully with the Subcommittee,” Loudermilk’s committee concluded.

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“Biden’s pardon list has replaced the usual Inauguration Ball lists as the “must-have” item this year..”

The Danger of White Knight Pardons (Turley)

There are growing indications that President Joe Biden is about to fundamentally change the use of presidential pardons by granting “prospective” or “preemptive” pardons to political allies. Despite repeated denials of President-elect Donald Trump that he is seeking retaliation against opponents and his statements that he wants “success [to be] my revenge,” Democratic politicians and pundits have called for up to thousands of such pardons. While there is little threat of any viable prosecution of figures like the members of the January 6th Committee, the use of “White Knight pardons” offers obvious political benefits. After many liberals predicted the imminent collapse of democracy and that opponents would be rounded up in mass by the Trump Administration, they are now contemplating the nightmare that democracy might survive and that there will be no mass arrests.

The next best thing to a convenient collapse of democracy is a claim that Biden’s series of preemptive pardons averted it. It is enough to preserve the narrative in the face of a stable constitutional system . Indeed, Biden’s pardon list has replaced the usual Inauguration Ball lists as the “must-have” item this year. Pardon envy is sweeping over the Beltway as politicians and pundits push to be included on the list of presumptive Trump enemies.The political stunt will come at a cost. Preemptive pardons could become the norm as presidents pardon whole categories of allies and even themselves to foreclose federal prosecutions. It can quickly become the norm in what I recently wrote about as our “age of rage.” It will give presidents cover to wipe away any threat of prosecution for friends, donors, and associates. This can include self-pardons issued as implied condemnations of their political opponents.

It could easily become the final act of every president to pardon himself and all of the members of his Administration. We would then have an effective immunity rule for outgoing parties in American politics. Ironically, there is even less need for such preemptive pardons after the Supreme Court recognized that presidents are immune for many decisions made during their presidencies. Likewise, members have robust constitutional protections for their work under Article I, as do journalists and pundits under the Constitution’s First Amendment. We have gone over two centuries without such blanket immunity. In my book The Indispensable Right, I discuss our periods of violent political strife and widespread arrests. Thomas Jefferson referred to John Adams’s Federalist government as “the reign of the witches.” Yet, even presidents in those poisonous times did not do what Joe Biden is now contemplating.

Moreover, presidential pardons have a checkered history, including presidents pardoning family members or political donors. Bill Clinton did both. Not surprisingly, Clinton last week attempted to add his own wife’s name to the sought-after Biden pardon list. He added, however, “I don’t think I should be giving public advice on the pardon power…It’s a very personal thing.” That is precisely the point. The power was not created to be used for “very personal things,” like pardoning your half-brother and a fugitive Democratic donor on your last day in office. Yet, despite that history, no president has seen fit to go as far as where Biden appears to be heading.

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“..as Big Tobacco began buying off the TV news more than 70 years ago, Big Pharma is doing that today..”

An Open Letter To Robert F. Kennedy, Jr. (AmG)

Dear Mr. Kennedy,

Of the many issues you will tackle as Secretary of Health and Human Services, we implore you to work with FCC Commissioner Brenden Carr and immediately put an end to pharmaceutical companies advertising prescription drugs on television. This should be one of your earliest moves in the Trump administration. Why is this so timely? The sheer amount of dollars being spent on TV advertising by “Big Pharma” should raise suspicion among those who care about accuracy in media and information being consumed by the public. It is an old trick for an industry to buy off the news media for favorable coverage. When evidence of the dangers of smoking cigarettes began to emerge in the 1950s, news organizations were reluctant to expose “Big Tobacco” because it was responsible for an abundance of media ad revenue. The same synergistic relationship exists today with “Big Pharma” and television news.

Similarly, as Big Tobacco began buying off the TV news more than 70 years ago, Big Pharma is doing that today. The incessant drumbeat of COVID boosters, RSV injections, and flu shot ads is run alongside news reporters covering up vaccine side effects, including increased cases of myocarditis, anaphylaxis, psychosis, and/or early death. Nowhere is this more evident than with Novo Nordisk A/S’s type 2 diabetes drug Ozempic. While this drug may offer benefits to the millions of Americans who suffer from type 2 diabetes (some surveys place the number of Americans afflicted with type 2 diabetes at nearly 10%, with more than 30% considered pre-diabetic), at what cost? If your insurance doesn’t cover Ozempic, your monthly cost will be nearly $1,000. And you will be “hooked” for life.

Concurrently, what about the shameless promotion of Ozempic as an aid for weight loss? Can you watch a program on the nightly news on one of the alphabet networks or cable news without seeing ads for Ozempic touting its benefits to lose weight? And what about the genre of late-night so-called comics like vax-shill Stephen Colbert? The late-night TV category is dying, with Colbert (CBS), Jimmy Fallon (NBC), and Jimmy Kimmel (ABC) suffering historic low ratings. If not propped up by “Big Pharma” ad dollars, will a ban on ads for prescription drugs be the final nail in their coffins? Let’s hope so, as all three ceased being funny years ago. We know you are already on the record as having intentions of outlawing Big Pharma ads for prescription drugs on television. Today, among high-income countries, only the U.S. and New Zealand allow for such advertising. Almost all other countries are fully knowledgeable of the conflict between ad dollars and news reporting.

The longer this obvious conflict persists, the more the public will be misled and lied to about the real dangers of prescription drugs and the intentions of Big Pharma to buy off the news media to hide these dangers. A ban on this type of advertising will go a long way toward keeping the news media honest—or perhaps putting the worst of them out of the misinformation business altogether. Among the many items on your agenda, once you take office, this is probably the easiest of them. Our broadcast news outlets operate under a license from the FCC and are obligated to serve the public interest at all times. Taking money from Big Pharma to cover up or lie about the potential damage the public will suffer through the use of their products cannot be tolerated any longer. We both applaud your passion to Make America Healthy Again. Count us in.

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PCR just keeps going. Little self-reflection.

Will Putin Fight or Surrender? (Paul Craig Roberts)

In his meeting the other day with the Russian Defense Ministry Board, Putin discussed the accomplishments of the past year and measures needed to ensure Russia’s security from Washington’s aspirations for world dominance. “We see the US administration and the collective West relentlessly trying to preserve their dominance, pushing their rules on the global community and manipulating them as they see fit.” Washington, Putin said, is engaged “in an effort to weaken our country and inflict a strategic defeat.” That is true, but why is Putin helping Washington succeed? Putin complains about the growing instability and violence in the Middle East. Does he realize that he contributed to it by withdrawing Russia’s defense of Syria? Did Putin forget “seven countries in five years”? Did Putin forget “Greater Israel”? Did Putin forget Turkey’s ambition against the Kurds?

Putin complains about the West’s participation with Ukraine in the conflict with Russia. Why did Putin make this possible by dragging out a limited military operation for 3 years? How could Putin fail to understand that Washington would test the intervention waters step by step to see if there are any real red lines. The absence of red lines has reached the point of Washington and NATO firing missiles into Russia, and Putin, despite his warnings to the West, retaliates only against Ukraine. Indeed, Putin’s retaliations are measures that should have been conducted on the first day of Russia’s intervention in Donbas. Putin has prevented Russian military action that would have made it impossible for Kiev to continue the conflict. What purpose is served by dragging out the conflict? Certainly not the preservation of lives.

The Russian population is hurting not so much from the West’s sanctions as from Putin’s central bank director’s 21 percent interest rates. Sooner or later the population is going to blame the war for the economic deprivation, and support for a war without end will decline. The same central bank director left Russia’s central bank reserves where they could be stolen by Washington. I suspect the central bank director’s warnings that Russia cannot afford war is the reason the Russian military remains too small for effective deployment, thus forcing Russian reliance on nuclear weapons. The West has just imposed more sanctions on Russia, and Russia continues to supply energy to Poland and Romania, NATO members hosting US missile bases on their borders with Russia. It is extraordinary how the Russian government helps Russia’s enemies to work against Russia.

It is not only Putin who seems unable to get his mind around reality. The leader of the terrorist group HTS used by Turkey, Washington, and Israel fo overthrow Assad, Hayat Tahrir al-Sharaa, complains that Israel has no excuse for continuing military strikes on Syria. Apparently, al-Sharaa has never heard of “Greater Israel.” Israel is clearing the way for Syria’s absorption into “Greater Israel,” just as Turkey intends the absorption of the Kurdish area of Syria to become incorporated into Turkey. As Israeli strategist Oded Yinon wrote, the Muslim world is too disunited to stand as an obstacle to “Greater Israel.” Perhaps that is the reason Putin abandoned his ally. But by sacrificing Syria Putin has left the road open to Iran and Lebanon. If Iran becomes the mess that Washington has created elsewhere in the Muslim world, the Russian Federation will be open to infiltration by jihadists to cause disruption in Russia’s Muslim areas.

Meanwhile Washington continues to operate against Russia in the former Russian provinces of Georgia and Armenia. How long before there are American missile bases in Georgia and Armenia? It is unclear why US missile bases on Russia’s border with Ukraine are a reason for Russian military action, but not US missile bases on Russia’s borders with Poland and Romania. It was impossible for Putin to stand aside while the US created a Ukrainian army to destroy the Russian populations of Donbas. The world should appreciate that Putin has not attacked Russia’s tormenters outside of Ukraine. Putin has also accepted sanctions without adequate response. The question is whether Putin’s determination to avoid a larger war presents as weakness and indecision that encourages the West to further provocations that eventually lead to a wider war. The big question in the coming year is whether Putin surrenders or fights.

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“Peacekeeping missions are based on international law and require a peace settlement and a UN mandate..”

EU wants EU peacekeepers. But they’re a party to the war. Of course they deny that, but…

Finland Warns Against Peacekeepers In Ukraine (RT)

EU countries should avoid making hasty decisions about sending a peacekeeping mission to Ukraine, Finnish President Alexander Stubb has warned. He was speaking at a defense cooperation summit in Tallinn, where the conflict between Moscow and Kiev was top of the agenda.Some EU leaders have previously floated the idea of a possible peacekeeping operation in Ukraine after peace with Russia is eventually achieved. According to Stubb, however, a peacekeeping operation is not currently a realistic option, as it could result in an escalation, and it would also require hundreds of thousands of troops. “We should not get ahead of ourselves,” Stubb warned before the start of the discussions on Tuesday, as quoted by Finnish news outlet Yle. Peacekeeping missions are based on international law and require a peace settlement and a UN mandate, he noted.

“The operation cannot be launched on a shaky foundation,” he added. According to the Finnish president, a peacekeeping mission would require at least 150,000 soldiers. “In rotation, that means three times that, or 450,000 peacekeepers per year. So perhaps this discussion has gone off the rails, so to speak,” he added. Stubb was speaking during a meeting of the Joint Expeditionary Force (JEF). The military group is made up of the Netherlands, Iceland, Great Britain, Denmark, Sweden, Norway, Finland, Latvia, Lithuania, and Estonia. The latter five nations share a border with Russia and have been among the most outspoken critics of Moscow and its military operation in Ukraine.Before the meeting, Estonian Defense Minister Hanno Pevkur stated that “no option can be ruled out,” even before there is peace in Ukraine, according to Yle.

At an EU leaders’ summit on Thursday, French President Emmanuel Macron plans to raise the issue of deploying a UN peacekeeping mission to Ukraine in the event of a ceasefire and peace deal, various media outlets reported last week. The EU’s top diplomat, Kaja Kallas, said earlier that the bloc was not considering sending peacekeepers to Ukraine as hostilities between Kiev and Moscow are far from over. Kremlin spokesman Dmitriy Peskov said on Monday that it was “premature” to discuss a peacekeeping mission in Ukraine because Kiev refuses to hold peace talks with Moscow.

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Are we sure Ukraine killed him? And not some NATO country? They seem to have had more reason.

Slain Russian General Worked Fearlessly To Expose Western Crimes – Moscow (RT)

Lieutenant General Igor Kirillov, who was assassinated in Moscow on Tuesday, had for years systematically exposed Western crimes involving chemical weapons and did so fearlessly, Russian Foreign Ministry spokeswoman Maria Zakharova has said. Kirillov, the commander of the Russian Radiological, Chemical, and Biological Defense Forces, was killed along with his aide by an explosion in southeastern Moscow in the early morning. A number of media outlets have since reported that the murder was carried out on the orders of Ukraine’s Security Service (SBU), which had labeled Kirillov as an “absolutely legitimate target” for assassination.

Writing on Kirillov’s passing, Russian Foreign Ministry spokeswoman Zakharova said that throughout his career he had repeatedly exposed the crimes of the “Anglo-Americans” such as “NATO provocations with chemical weapons in Syria, Britain’s manipulations with prohibited chemical substances and provocations in Salisbury and Amesbury, the deadly activities of American biolabs in Ukraine, and much more.” “He worked fearlessly. He did not hide behind people’s backs,” Zakharova wrote. Former Russian President Dmitry Medvedev, who currently serves as deputy chairman of the national Security Council, also expressed his condolences to Kirillov’s colleagues, family, and friends, and stated that the attack in which he was killed was “the agony of the Bandera regime.”

“With its last strength, it is trying to justify its worthless existence before its Western masters, to prolong the war and death, to justify the catastrophic situation at the front. Realizing the inevitability of its military defeat, it is inflicting cowardly and vile blows in peaceful cities,” Medvedev said. State Duma Defense Committee chairman Andrey Kartapolov described Kirillov as a “worthy Russian general” and a “real officer,” stating that had done “a lot to bring the US to justice,” particularly with regards to Washington’s activities in setting up laboratories around the world, including in Ukraine.

“We caught them there, and Kirillov’s role in this is greater than anywhere else,” Kartapolov said. He added that Kirillov’s revelations have “caught too many people” and that he “wouldn’t be surprised” if figures outside of Kiev also had a hand in his assassination, including the son of US President Joe Biden, Hunter Biden. Kartapolov stressed that those who organized and carried out Kirillov’s murder will be found and punished, “whoever they are and wherever they are.” State Duma Speaker Vyacheslav Volodin also condemned Kirillov’s assassination, stating that it once again highlights “the criminal nature of the Kiev regime.” “It is a terrorist state headed by an illegitimate president – a Nazi. All those guilty must receive the punishment they deserve,” Volodin was quoted as saying by the Duma press service.

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Pick ’em off one by one.

Which Western Politician Will Flee Their Sinking Ship Next? (Marsden)

I have a confession to make. I really suck at cooking. I have no idea what I’m doing in the kitchen. And my best efforts usually end with a trip to the ready-made meal section of the local grocery store. But that said, I know my limits. You won’t catch me trying to get a job at in Parisian fine dining, for example, or even at a local diner. But the people currently cooking up the Western establishment’s shared agenda? They’ll just burn down the whole kitchen, and then eject out. Or at least some of them will do the latter. Not nearly enough of them yet. But it seems to be a promising new trend in the absence of their inability to just stay out to begin with. German Chancellor Olaf Scholz called for a no-confidence vote against himself on Monday, officially asking the parliamentarians of the Bundestag whether they might wish to do him the honor of taking a foot to his arsch.

It’s basically a case of political suicide-by-cop. Scholz wanted them to put his current mandate out of its misery because he’s totally impotent, politically speaking. Why? Because the yellow light centrists of his traffic light coalition bailed on him and he no longer has the majority needed to ram things through parliament.All this came about because Scholz’s finance minister, Christian Lindner, from the centrist Free Democratic Party, decided back in November that he wasn’t interested in a career as a magician attempting to work miracles with Scholz’s spending priorities. Germany virtue-signaled itself right into economic devastation following along with EU sanctions to impress their girlfriend Vladimir Zelensky. Then Scholz told his finance minister to just lift his foot up off the debt brake a bit so he can go on another €15 billion ($15.7 billion) spending joyride for Ukraine.

And Lindner was like, nope, how about you just dust off some of those long-range Taurus missiles in the closet and give those to your girlfriend instead? Yeah, they’re dangerous, but they’re also just sitting there like an apartment exercise bike with laundry hanging off it, so it’s a win-win – well, except for that World War III risk. Scholz didn’t want to do that because it would mean babysitting Kiev so it didn’t start a third world war against Russia. It would also mean sending German troops to Ukraine so Zelensky could sit on their lap and pretend to drive the Tauruses. And it’s never the toddler who gets blamed for those accidents. So Scholz and Lindner had a falling out over a month ago that ultimately led to a breakup, with Lindner and his yellow light centrists walking away from Scholz’s coalition table like a teenaged clique in the school cafeteria.

German lawmakers welcomed the opportunity to kick Scholz in the lederhosen and out of the Biergarten. One down, one more to go. Because next up (probably) is Christian Democrat leader Friedrich Merz, currently topping the polls ahead of an expected February election. He seems keen on giving Washington and Brussels even more power over German decision-making. Yeah, maybe Washington can advise Berlin on nail placement for its economic coffin, too? As if that’s really Germany’s big issue right now – that it wasn’t sycophantic enough under Scholz, with Merz saying how it was “embarrassing how Scholz acted in the European Union.” Scholz shrugged off Nord Stream being blown up, putting the German economy at the mercy of pricy American gas, and Merz doesn’t think Scholz was enough of a team player?

Scholz apparently just wanted to keep feeding more taxpayer cash into the German military industrial complex under the pretext of helping Ukraine, but doesn’t seem too keen on actual war. But Merz isn’t even capable of understanding how that grift works, apparently. Sounds promising.Meanwhile, across the pond in Canada, Prime Minister Justin Trudeau’s finance minister, Chrystia Freeland, bailed right out of the job, just hours before she was set to deliver the latest budget statement. That’s always a good sign. Kind of like calling in sick before a big test that you know you’re about to fail. The $62 billion deficit that was set to be announced – $22 billion more than Freeland’s projected target – might have had something to do with it.

She says that she was pushed out first, though, writing in her resignation letter to Trudeau, “On Friday, you told me you no longer want me to serve as your Finance Minister and offered me another position in the cabinet.” Freeland says that she rejected “costly political gimmicks” like sales tax holidays and onetime cash handouts, presumably, which she herself had spent months relentlessly promoting. She makes it sound like she was a sudden voice of reason, and referred to “strenuous efforts this fall to manage our spending in ways that will give us the flexibility we will need to meet the serious challenges presented by the United States.”

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“I’m going to find out who’s making these accusations and nuke them.”

Musk Accuses ‘Deep State Traitors’ Of Targeting Him (RT)

US federal agencies have initiated at least three reviews into whether Elon Musk and his rocket company, SpaceX, complied with security reporting protocols designed to safeguard state secrets, according to people familiar with the matter who spoke with the New York Times. Elon Musk currently holds a top-secret security clearance at SpaceX, the highest level granted by the Defense Counterintelligence and Security Agency. This clearance allows him access to highly sensitive classified information, including advanced US military technology, but he is required to report details of his private life under the “continuous vetting” rules. The investigations were triggered by alleged repeated failures to report crucial details about Musk’s travel and other activities, including meetings with foreign leaders, the NYT reported on Tuesday.

SpaceX employees responsible for ensuring compliance have allegedly raised concerns about lax reporting practices within the company since at least 2021. But according to the publication, complaints reached a “tipping point” following Musk’s public support for President-elect Donald Trump and his growing potential “influence” in the upcoming US administration. ”Deep state traitors are coming after me, using their paid shills in legacy media. I prefer not to start fights, but I do end them…” Musk wrote on X on Tuesday, responding to the NYT allegations. The Defense Department’s Office of Inspector General opened its review this year, while the Air Force and the Pentagon’s Office of the Under Secretary of Defense for Intelligence and Security began separate investigations last month, the NYT reported. The agencies have declined to officially confirm or deny the existence of these reviews and have not accused the South African billionaire of disclosing classified material.

Last month, Senator Jeanne Shaheen, a Democrat from New Hampshire and a member of the Senate Committees on Armed Services and Foreign Relations, expressed concern about Musk’s potential to inadvertently disclose sensitive information. In a letter to the Pentagon Inspector General and the US Attorney General, Shaheen and Senator Jack Reed of Rhode Island cited an October article in the Wall Street Journal claiming that Musk had multiple conversations with Russian officials, including President Vladimir Putin in 2022. The newspaper relied on anonymous sources, and provided no evidence to support the assertions. Musk has dismissed those claims, referring to the senators as “puppets” and questioning who was behind the letter. “Who actually wrote this and made those knuckleheads sign it?” he wrote on X at the time. ”There will be consequences for those who pushed foreign interference hoaxes,” he vowed last month, threatening to take action against officials and politicians making baseless accusations. “I’m going to find out who’s making these accusations and nuke them.”

The allegations of links between Musk and Russia echo similar accusations leveled against Donald Trump during his first term in office. Those widespread claims, fueled by media reports and inconclusive investigations, were used to undermine his presidency but were later found to be without basis. The Kremlin has also denied claims that Musk frequently communicated with Putin, calling the allegations another ingredient “tossed into” the US political struggles. Musk has actively supported the president-elect and has become an increasingly influential figure among his team. Trump appointed Musk and entrepreneur Vivek Ramaswamy to head the Department of Government Efficiency (DOGE), a new initiative tasked with reducing government waste and streamlining the federal bureaucracy.

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“..diversity and inclusion” trumps people’s lives.

Boeing’s Failed Plea Deal: What Happens Next (ET)

Months after the Department of Justice (DOJ) offered Boeing a plea deal to avoid criminal fraud charges, a U.S. judge threw a curveball in the case, rejecting the deal after taking issue with a “diversity and inclusion” provision in selecting a monitor to supervise the company’s safety practices, along with how the court would participate in that process.The United States charged Boeing with fraud on Jan. 7, 2021, following the 2018 and 2019 737 MAX 8 crashes, which killed all 346 people onboard both flights. The DOJ accused the aerospace company of deliberately hiding its Maneuvering Characteristics Augmentation System software, which caused both planes to stall midair and fall to the ground, from Federal Aviation Administration regulators.To avoid criminal charges, the DOJ offered Boeing a deferred prosecution agreement: a criminal settlement that required the plane manufacturer to pay a total of $2.5 billion in damages, including a $243.6 million penalty and a $500 million fund to compensate families of the 737 Max crash victims.

Boeing had to remain in compliance for three years after the agreement was signed—which ended on Jan. 7. But, two days prior, a door panel ripped off an Alaska Airlines Boeing 737 MAX 9 flight midair, changing the company’s fortunes overnight and thrusting its safety practices back into public scrutiny. After the DOJ wrote in a May 14 court filing that Boeing had violated the criminal settlement, which the company denied, Boeing then pleaded guilty to defrauding the United States over the 737 MAX 8 crashes. The plea deal would have required Boeing to pay an additional $243.6 million fine, invest $455 million into safety and compliance programs, and submit to three years of independent monitoring over its safety and quality control. Now that U.S. District Judge Reed O’Connor has rejected the deal, the aerospace giant faces several possible outcomes, aside from appealing the ruling, aviation and legal experts told The Epoch Times.

“[The DOJ] can sit down with Boeing and rework the plea deal so that the monitor selection process is more acceptable to the court. Or they can take Boeing to trial on the conspiracy charge,” Erin Applebaum, a partner at Kreindler & Kreindler LLP, which represents 34 families who lost loved ones on Ethiopian Airlines Flight 302, told The Epoch Times. “I have no doubt that the first option is what will happen. I fully expect that DOJ and Boeing will rewrite the plea so that its terms are more favorable to the court.” O’Connor wrote in a Dec. 5 order that he had concerns about a diversity and inclusion provision in Boeing’s plea deal with the DOJ. He targeted a single sentence in the plea agreement that referenced the DOJ’s diversity policy in selecting an independent monitor to monitor Boeing’s safety compliance practices.

“In a case of this magnitude, it is in the utmost interest of justice that the public is confident this monitor selection is done based solely on competency,” O’Connor wrote. “The parties’ DEI efforts only serve to undermine this confidence in the Government and Boeing’s ethics and anti-fraud efforts.” Shawn Pruchnicki, aviation safety expert and assistant professor at Ohio State University’s Center for Aviation Studies, said the monitor had an “amazingly important task” of supervising the company’s safety compliance practices. “I stand fully behind [diversity], but I think many of us in aerospace and certainly in aviation, just like we do on the flight deck … we want someone who is qualified, that can meet the same requirements that we get,” Pruchnicki told The Epoch Times.

Applebaum said she and the victims’ families are very appreciative of the court’s mandating that the DOJ and Boeing improve the monitor selection process. “Though there is still much work to be done, the imposition of a highly qualified monitor who will hold Boeing’s feet to the fire is a good first step towards strengthening aviation safety and ensuring that there are no more Boeing crashes,” she said. In rejecting the deal, O’Connor also criticized how the DOJ positioned the court in the monitor selection process. “At this point, the public interest requires the Court to step in,” he wrote in his order. “Marginalizing the Court in the selection and monitoring of the independent monitor as the plea agreement does undermines public confidence in Boeing’s probation, fails to promote respect for the law, and is therefore not in the public interest.”

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Social media.

World Gripped By Mental Health ‘Pandemic’ – FT (RT)

A mental health crisis is unfolding in workplaces worldwide, with financial services emerging among the hardest-hit sectors, the Financial Times reported on Monday, citing recent research. Burnout, depression, and anxiety are the main issues that significantly undermine productivity, economists, business leaders, and health advocates have warned. A survey by global consultancy firm Deloitte revealed that 17% of finance and insurance workers in the UK experience exhaustion, declining performance, and mental distancing, compared to a 12% average across all sectors. The report noted that the annual cost of poor mental health per employee in financial services amounts to £5,379, more than double that in any of the 14 other industries examined.

Startling statistics by the World Health Organization (WHO) and the International Labor Organization (ILO) show that around 12 billion work days are lost annually to depression and anxiety, costing the global economy an estimated $1 trillion each year. “The scale of the problem is hugely worrying, particularly among young people,” Kate Pickett, professor of epidemiology at York University, told the FT. “The increase has been so huge that there is something real going on,” she said, dismissing suggestions that the rise in reported cases is merely due to greater awareness.

Researchers from Deloitte said the wellbeing of young people is particularly alarming, with one in five UK children having a probable mental health disorder in 2023, compared to one in nine in 2017. Among the factors contributing to the global “mental health pandemic” are the cost-of-living crisis and the pervasive use of social media, according to the researchers. The decline in mental health was exacerbated by the Covid-19 pandemic, during which global depression cases surged by 25% between 2020 and 2021, according to the WHO. The organization said that mental health levels have not yet returned to pre-pandemic levels, with some individuals continuing to experience a “massive hangover from the pandemic.”

Read more …

 

 

 

 

Elon work

 

 

Andreessen

 

 

Eva

 

 

Betrayal

 

 

Squirrel

 

 

Baby elephant

 

 

 

 

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

 

 

 

 

 

Dec 092024
 
 December 9, 2024  Posted by at 10:31 am Finance Tagged with: , , , , , , , , ,  60 Responses »


Johannes Vermeer The soldier and the laughing girl 1657

 

Syria’s Assad Resigns Amid Peace Efforts, Orders Peaceful Power Handover (Sp.)
General Staff, Kremlin Agree To Withdraw Under Turkish Safe Passage (Helmer)
Syria’s Assad In Moscow – Senior Diplomat (RT)
Putin and Xi and Iran The Unready (Paul Craig Roberts)
Trump Was ‘Reluctant’ To Meet Zelensky – Axios (RT)
Zelensky Rejects Trump’s Peace Call (RT)
Trump Says He’ll ‘Probably’ Cut Ukraine Aid (RT)
Rumors Swirl About The West Planning To ‘Exile’ Zelensky (RMX)
Trump’s Estimate Of Russian Losses Wrong – Kremlin (RT)
Rand Paul Warns Musk & Ramaswamy About The Swamp’s Upcoming DOGE Dodge (ZH)
In the West Law Is Being Separated from Truth and Justice (Paul Craig Roberts)
Trump Vows To Pardon Jan. 6 Rioters On Day One After Getting Into Office (JTN)
Democrat Party Going Extinct – Martin Armstrong (USAW)
Ex-Secret Service Agent Warns Trump Likely To Be Attacked Before Jan 20 (MN)
Biden ‘Worst President’ In Modern History; Devastating New Poll Finds (ZH)
Rep. Eli Crane: Daniel Penny Should Receive Congressional Gold Medal (JTN)
This is Not the Time for Balance: LA Times Columnist Resigns (Turley)

 

 

 

 

 

 

Full Welker interview

 

 

Rand Paul
https://twitter.com/i/status/1865529326919377302

Terrell

 

 

 

 

When did Assad first see it coming?

Syria’s Assad Resigns Amid Peace Efforts, Orders Peaceful Power Handover (Sp.)

Syrian President Bashar al-Assad, after negotiations with several participants in the conflict in Syria, has decided to step down from his position and leave the country, giving instructions for a peaceful transfer of power, the Russian Foreign Ministry reported. “As a result of negotiations between Bashar al-Assad and several participants in the armed conflict on the territory of the Syrian Arab Republic, he made the decision to resign from the presidency and leave the country, giving instructions for a peaceful transfer of power. Russia was not involved in these negotiations,” the Russian Foreign Ministry stated in a Telegram post. The ministry also emphasized that Russia is deeply concerned about the dramatic events unfolding in Syria.

Furthermore, Russia calls on all parties involved in Syria to renounce violence and resolve governance issues through political means, and in this regard, Moscow is in contact with all Syrian opposition factions. “We urge all parties involved to refrain from violence and resolve all governance issues through political means,” the ministry’s statement reads. “In this context, the Russian Federation is in contact with all factions of the Syrian opposition. We call for respect for the views of all ethnic and confessional groups in Syrian society and support efforts to establish an inclusive political process based on the unanimously adopted UN Security Council Resolution 2254,” the Foreign Ministry emphasized. Earlier, UN Special Envoy for Syria Geir Pedersen proposed the urgent organization of inter-Syrian negotiations in Geneva.

“We hope that these approaches will be taken into account by the UN and all interested parties, including in the context of implementing the initiative of the UN Special Envoy for Syria, Geir Pedersen, for the urgent organization of inclusive inter-Syrian negotiations in Geneva,” the Russian Foreign Ministry’s statement said. Meanwhile, Russian military bases in Syria are on high alert. “Russian military bases in Syria are on heightened combat readiness. Currently, there is no serious threat to their security,” the statement concluded.

Sachs Syria
https://twitter.com/i/status/1865744518995218747

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“..what we see in Syria is the sum of the worst misjudgements and mistakes the Russians made in the Ukraine..”

General Staff, Kremlin Agree To Withdraw Under Turkish Safe Passage (Helmer)

When former president Dmitry Medvedev, deputy head of the Security Council; the Russian military bloggers and the GRU’s favoured journalist; are as silent on Russian military action in Syria as they are at the moment, the signal they are sending is unmistakeably loud. It is the sound of recriminations for President Vladimir Putin; for the commanders of Russia’s forces in Syria; for General Valery Gerasimov, head of the General Staff, the GRU, and the Defense Ministry – all for having failed to detect, warn, or act on the Turkish, Israeli and American preparation of the Hayat Tahrir al-Sham (HTS) forces for their drive to Damascus to replace Bashar al-Assad, and allowing the Israeli Air Force (IAF) to stop Hezbollah from reinforcing its units in Syria from Lebanon, and the Islamic Revolutionary Guards Corps from flying reinforcements from Iran.

“Yes,” says a well-informed Moscow source, “what we see in Syria is the sum of the worst misjudgements and mistakes the Russians made in the Ukraine. This is the Kremlin for one hundred percent. But in the Ukraine there has been learning from the mistakes and recovery. I don’t believe the defeat in Syria will lead to Putin making more concessions to Washington on Ukraine. On the contrary, I believe it hardens the positions on the Ukraine and releases the General Staff to wage strategic war with the US.” There is a line of thinking in the General Staff, hinted in reporting by Russian military bloggers, which has proposed to preserve the bases at Tartus and Khmeimim, and establish a defence in depth between the north-south D35 road and the sea. This territory is west of the M5 highway linking Aleppo, Hama, Homs and Damascus, all of which HTS have captured.

This roughly approximates the territory known in the Ottoman Empire until 1914 as the sanjak of Latakia. A reliable military source says “the Russians would need to hold the north-south M53, D35, and D34 highways. This would give [Syrian Special Forces Commander General Suhayl] Hassan the capacity to maintain the defence all along this new border. This means retaking Masyaf, an important road junction west of Hama, and also Rabu.” Hassan was last reported to have been headed for Latakia; there is no sign that he and his forces are capable of fight. Assad and his family have arrived in Moscow with family members, the state news agency Tass has reported. Tass added the hint that negotiations are under way for evacuation of the bases. “Russian officials are in touch with representatives of armed Syrian opposition, whose leaders have guaranteed security of Russian military bases and diplomatic missions on the Syrian territory.”

The tactical and operational difficulties are insurmountable, another Russian source believes. He acknowledges there is no sign of the political will for the fight at the Kremlin. There are more signs, the source adds, that the order has been given to negotiate with the Turks a safe-passage agreement for full withdrawal from the country of all Russians. Local reports are currently indicating that HTS and Turkish forces have moved west of the M5 highway to take Jebla, a town six kilometres from Khmeimim. If true, this indicates that the fight-back option has run out of opportunity on the ground, and will in the Kremlin. The only senior Russian official to break the silence has been Foreign Minister Sergei Lavrov. He was speaking in Doha on Saturday, November 7, before the fall of Damascus and the flight of Assad.

The HTS operation was understood in advance, Lavrov admitted. It had been “carefully and long planned and is an attempt to change the situation on the ground, to change the balance of power. We will oppose this in every possible way, support the legitimate Syrian authorities and at the same time actively promote the need to resume dialogue with the opposition, as required by UN Security Council Resolution 2254.” Lavrov also acknowledged the strategic scale of the defeat Russia has suffered. “Nothing goes smoothly in world diplomacy, but the events which we are witnessing today, they are clearly geared to undermine everything we have been doing during those years.”

Kerry

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“..Russian military bases in Syria are on combat alert, but are not considered to be at serious risk..”

Syria’s Assad In Moscow – Senior Diplomat (RT)

Bashar Assad and his family are in Moscow, senior Russian diplomat Mikhail Ulyanov said early Monday morning, seemingly confirming previous media reports that the former Syrian president has been granted asylum. The government in Damascus fell to militants on Sunday. Ulyanov, who leads Moscow’s delegation to international organizations headquartered in Vienna, said the presence of the Assads in Moscow shows that “Russia does not betray its friends in difficult situations… unlike the US.”On Sunday, Russian news agencies cited diplomatic sources as saying that Assad and his family members had arrived in Russia. They were reportedly granted asylum “on humanitarian grounds.”

Over the weekend, the Syrian Army stood down as Hayat Tahrir-al-Sham (HTS) jihadists and US-armed Free Syrian Army (FSA) militants advanced on Damascus and took over the Syrian capital. The anti-Assad forces declared him deposed and claimed control over the country’s government. Assad agreed to step down following back-channel talks with unspecified armed groups and left the country, instructing officials to conduct “a peaceful transfer of power,” the Russian Foreign Ministry said on Sunday. Russian military bases in Syria are on combat alert, but are not considered to be at serious risk, the statement added. Moscow sent troops to Syria in 2015 to help the government beat back Islamic State (IS, formerly ISIS) and other militant groups. The Russian military currently operates a naval facility in the port of Tartus and an air base near the city of Latakia.

The Russian government has urged the militants to refrain from violence and support a UN-backed effort for national reconciliation. Syria was plunged into years of violence in 2011, after US-backed armed groups tried to topple the Assad government. Jihadists and Islamists eventually emerged as dominant players among the anti-Assad groups, even as Washington and its allies claimed that ‘moderate rebels’ could ultimately prevail. The lightning offensive that led to the fall of Damascus was launched late last month. It followed a period of relatively low-intensity fighting, which began with an uneasy truce brokered by Moscow and Ankara in 2020.

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“The third front that Washington opened against Russia had immediate success.”

Putin and Xi and Iran The Unready (Paul Craig Roberts)

Putin’s inability to ever finish a task has cost him Syria. Now only Iran and Saudi Arabia stand between Israel and Israel’s goal of Greater Israel. The Saudis having witnessed Russia and Iran’s inattention and inability to act might reestablish the petrodollar in exchange for American protection. Iran and Hezbollah having pissed away the strategic initiative will be the next to fall. The neoconservative plan to overthrow seven Muslim countries in five years has taken longer than intended but is on its way to success. Trump’s military and foreign policy appointees are all anti-Iran and will easily fall in with Israel’s agenda as it also serves Washington’s intent to control oil flows and waterways.

Erdogan, the president of Turkey, betrayed Muslims and Putin by allying with Washington and Israel in overthrowing Syria, a country that possibly could disappear with portions going to Israel, Turkey, and the oil to the US.The Western presstitutes are delivering the required narrative to control explanations. The easily achieved enormous victory Washington gained over Russia and Iran means the assault on the two countries will continue, thus maximizing the chance that Putin will have to surrender or resort to nuclear war.

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How the MSM goes down:

“None of the three men spoke to the press afterwards or revealed any specific details of the meeting.

All three, however, later posted on social media..”

Trump Was ‘Reluctant’ To Meet Zelensky – Axios (RT)

French President Emmanuel Macron had to persuade incoming US President Donald Trump to meet Ukraine’s Vladimir Zelensky during a visit to Paris by the latter two, Axios reported on Sunday, citing sources. Trump arrived in Paris on Saturday to attend the reopening of the Notre Dame Cathedral, which was damaged in a fire in 2019. The trip was Trump’s first foreign visit since winning last month’s election. The trilateral meeting between Trump, Macron, and Zelensky took place shortly after the reopening ceremony. A source told Axios that Trump had initially been “reluctant” to meet with Zelensky and made the decision to go ahead with the meeting at the last moment. According to French media reports, the encounter lasted only about 45 minutes. None of the three men spoke to the press afterwards or revealed any specific details of the meeting.

All three, however, later posted on social media, with Macron saying on X that the meeting was focused on the Ukraine conflict and “common action for peace and security.” Also on X, Zelensky described the talks as “good and productive,” thanking Trump for being “resolute.” He signaled that Kiev, Paris and Washington “want this war to end as soon as possible” and claimed that “peace through strength is possible,” without elaborating on that remark. Posting on his Truth Social platform on Sunday, Trump called for an “immediate ceasefire and negotiations” between Moscow and Kiev, urging Russian President Vladimir Putin “to act” and signaling that “Zelensky and Ukraine would like to make a deal” with Russia. He did not elaborate further on this comment.

Trump has repeatedly claimed that he could end the Ukraine conflict within a day of returning to the White House, and has criticized the outgoing US administration for spending too much on arming Kiev. According to earlier media reports, he may try to enforce a freeze of the conflict along the current battle lines, using US aid to Kiev as leverage.Moscow has repeatedly said it considers a freeze of the conflict unacceptable. It has insisted that any settlement is only possible if Ukraine withdraws its forces from Russian territory, including the former Ukrainian regions, ensures the rights of its Russian-speaking population and adheres to neutrality.

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“..the conflict “cannot simply end with a piece of paper and a few signatures.”

Zelensky Rejects Trump’s Peace Call (RT)

Ukrainian leader Vladimir Zelensky has rejected a call by US President-elect Donald Trump for an immediate truce and peace talks between Ukraine and Russia.Following a meeting between Trump, Zelensky, and French President Emmanuel Macron in Paris on Saturday, the president-elect issued a lengthy post on his Truth Social platform saying, “there should be an immediate ceasefire and negotiations should begin” to settle the Ukraine conflict. According to Trump, Ukraine “would like to make a deal and stop the madness.” However, Zelensky made it clear that this is not the case in an even longer post published on X on Sunday, in which he said the conflict “cannot simply end with a piece of paper and a few signatures.”

“A ceasefire without guarantees can be reignited at any moment… To ensure that Ukrainians no longer suffer losses, we must guarantee the reliability of peace and not turn a blind eye to occupation,” the Ukrainian leader stated.He stressed that “in the occupied territories of Ukraine, at least several million people remain,” once again ruling out the possibility of Kiev making any territorial concessions to Moscow in exchange for peace.”It is precisely such peace through strength that we discuss with all our partners, as well as the steps and guarantees needed for the people and the state attacked by Russia,” Zelensky said.

Trump has repeatedly claimed that he could end the Ukraine conflict within a day of returning to the White House, and has criticized the outgoing US administration for spending too much on arming Kiev. According to earlier media reports, he may try to enforce a freeze of the conflict along the current battle lines, using US aid to Kiev as leverage. Moscow has repeatedly said it considers a freeze of the conflict unacceptable. It has insisted that any settlement is only possible if Ukraine withdraws its forces from Russian territory, including the former Ukrainian regions, ensures the rights of its Russian-speaking population and adheres to neutrality.

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“..Ukraine should “prepare for less aid from the United States” after his inauguration next month. “Possibly. Yeah, probably, sure..”

Trump Says He’ll ‘Probably’ Cut Ukraine Aid (RT)

US President-elect Donald Trump has said he will “probably” reduce American aid to Ukraine once he takes office, in an interview aired hours after he called for an “immediate ceasefire” between Moscow and Kiev. During an interview broadcast by NBC News on Sunday, Trump was asked whether Ukraine should “prepare for less aid from the United States” after his inauguration next month. “Possibly. Yeah, probably, sure,” Trump replied. The US has allocated $131.36 billion for Ukraine since February 2022, according to figures published by the Pentagon earlier this month. Just under $90 billion of this amount has actually been transferred, according to Germany’s Kiel Institute for the World Economy. Throughout his campaign, Trump repeatedly promised that he would end the Ukraine conflict within “24 hours” of taking office, without offering any specifics on how he would achieve this.

However, it is widely believed that he would use the threat of a reduction in US aid to force Ukrainian leader Vladimir Zelensky to negotiate, and the threat of increasing said aid to pressure Russian President Vladimir Putin into talks. Trump met with Zelensky and French President Emmanuel Macron in Paris on Saturday, for an impromptu discussion that he was reportedly “reluctant” to attend. None of the three men spoke to the press afterwards or revealed any specific details of the 40-minute meeting. However, Trump took to social media on Sunday to claim that “Zelensky and Ukraine would like to make a deal and stop the madness,” before calling for “an immediate ceasefire and negotiations,” lest the conflict “turn into something much bigger, and far worse.” Trump also claimed that Ukraine has lost 400,000 soldiers since 2022, a figure far higher than any body count published by Kiev or any of its Western backers.

In a separate social media post on Sunday, Trump claimed that the conflict has cost Russia 600,000 troops, a figure that the Kremlin said is based on false information provided by Ukraine for propaganda purposes. Zelensky has denied seeking a swift deal. In a post on X later on Sunday, he claimed that the conflict “cannot simply end with a piece of paper and a few signatures.” Putin, he declared, “can only be stopped by strength,” and that Ukraine will only settle for what he termed a “just peace.” The Ukrainian leader insists that his ten-point ‘peace formula’ is the only viable roadmap for ending the conflict. However, the Kremlin has dismissed this document – which demands that Russia restore Ukraine’s 1991 borders, pay reparations, and surrender its own officials to war crimes tribunals – as “delusional.”

Moscow maintains that any settlement must begin with Ukraine ceasing military operations and acknowledging the “territorial reality” that it will never regain control of the Russian regions of Donetsk, Lugansk, Kherson, and Zaporozhye, as well as Crimea. In addition, the Kremlin insists that the goals of its military operation – which include Ukrainian neutrality, demilitarization, and denazification – must be achieved. Pressed by NBC host Kristen Welker, Trump refused to say whether he had spoken to Putin since winning last month’s presidential election. “I don’t want to say anything about that, because I don’t want to do anything that will impede the negotiation,” he told Welker.

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“..presidential elections will be held in Ukraine. European peacekeeping forces, mainly troops from Great Britain and France, would then be deployed in Ukraine..”

Oh, really? NATO troops in Ukraine?!

Rumors Swirl About The West Planning To ‘Exile’ Zelensky (RMX)

If a ceasefire is reached in Ukraine, the West is considering “exiling” Volodymyr Zelensky to London, writes Do Rzeczy, citing a report out of the Spanish daily El Mundo via government sources in Kyiv. A rumor has been circulating in diplomatic circles in the Ukrainian capital for two weeks that if a ceasefire occurs, the West will convince Zelensky to “exile” himself to the U.K. and presidential elections will be held in Ukraine. European peacekeeping forces, mainly troops from Great Britain and France, would then be deployed in Ukraine. Kyiv could also count on “rapid” accession to the European Union and aid for the country’s post-war reconstruction. Ukraine had a bad November, with Russia occupying the largest amount of territory in Ukraine since March 2022, mainly in the east of the country, near Pokrovsk, according to experts from the American Institute for the Study of War (ISW).

The group says Moscow has occupied a total of 68,500 square kilometers since the beginning of the war, or about 19 percent of Ukraine’s entire pre-2014 territory, including the annexed Crimea and part of Donbas. Senior aides of U.S. President-elect Donald Trump have met with officials from Kyiv, as the incoming president has made ending the conflict a top priority of his administration, while Zelensky is clearly tired of war. Head of MI6, Richard Moore, raised alarm bells over the dangerous situation the world is currently facing. After meeting with his French counterpart, Nicholas Lerner, last week, he told the press, “Nicholas and I are in no doubt about the stakes in Ukraine: If Putin is allowed to succeed in reducing Ukraine to a vassal state, he will not stop there.” At the same time, the U.S. is pushing Ukraine to begin recruitment of 18-25 year olds to bolster Ukraine’s armed forces, but there are concerns about the country’s demographic future should his young cohort be sent to the front.

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We’ve been through this 100 times.

Trump’s Estimate Of Russian Losses Wrong – Kremlin (RT)

Incoming US President Donald Trump’s estimate of Russia’s losses in the Ukraine conflict is far off the mark and is based on Kiev’s interpretation, Kremlin spokesman Dmitry Peskov said on Sunday. Peskov was commenting on a post Trump made on his Truth Social platform earlier on Sunday, where he claimed that Moscow has lost some 600,000 servicemen in the conflict. The day before, Trump had a meeting with Ukrainian leader Vladimir Zelensky in Paris. While calling for an “immediate ceasefire and negotiations” between Moscow and Kiev and signaling that Ukraine was willing to “make a deal with Russia,” Trump also gave an estimate of Kiev’s losses, which he claimed stood at some 400,000 troops “and many more civilians.” “As for the figures given about losses on both sides, it is obvious that they are presented in the Ukrainian interpretation and reflect the official position of Ukraine.

“The real figures of losses are completely different,” Peskov said in a press statement. He stressed that “Ukrainian losses are many times higher than the losses on the Russian side.” The spokesman also warned that prolonging the conflict, which the US and other Western states are doing by aiding the Kiev regime, could “lead to the complete exhaustion of the Ukrainian army.” Russia does not make public its losses in the conflict. President Vladimir Putin explained back in June that it is simply not done “as a rule,” while those who do announce such figures tend to intentionally “distort” the information. He noted at the time, however, that the ratio of losses on the two sides is approximately one Russian loss for every five Ukrainian losses. In late November, The Economist reported that up to half a million Ukrainian troops had been killed or wounded in the conflict, based on leaked intelligence reports, official statements, and open sources.

On Sunday, Zelensky claimed in a post on X that since the escalation of the conflict in 2022, only some 43,000 Ukrainian soldiers had been killed. Back in February of this year, he insisted that Kiev had lost only 31,000 troops. According to the Russian Defense Ministry, Kiev’s army has lost 39,260 servicemen over the past four months alone. In his statement, Peskov reiterated that Moscow is open to negotiations and is eager to end the conflict, but stressed that it could only be done if Russia’s conditions for a settlement were met. Moscow has repeatedly insisted that any settlement is only possible if Ukraine withdraws its forces from Russian territory, including the former Ukrainian regions, ensures the rights of its Russian-speaking population, and adheres to neutrality.

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“When Elon Musk told Twitter employees to go back to work, a third of them quit—they weren’t used to working.”

Rand Paul Warns Musk & Ramaswamy About The Swamp’s Upcoming DOGE Dodge (ZH)

Sen. Rand Paul (R-KY) warned Department of Department of Government Efficiency (DOGE) co-heads Elon Musk and Vivek Ramaswamy that Senate Republicans are moving to allow the Department of Defense, which has failed seven audits in a row, to exceed its spending limits. The Kentucky Republican highlighted the issue this week on Fox News’s ‘The Ingraham Angle.’ LAURA INGRAHAM: I know you have been constantly focused on this, and you have been with Vivek this week. What ideas have you given him because he is looking to you for ideas, other than, of course, as we were saying, getting the federal workers.

SEN. RAND PAUL: One of my favorite examples of federal workers not showing up is from a few years ago. We had an assistant to the head of the EPA, and he told his boss that he also worked for the CIA. He said he would be gone for six months at a time. Finally, during a government shutdown, someone said, “Hey, Mr. Smith, we understand this guy works for you. We haven’t seen him in six months.” They replied, “Who?” They had never heard of the guy. The man completely made up a story about working for the CIA, and for nearly a decade, millions of dollars were paid to him while he didn’t show up. He’d be lounging around saying, “I’m on a secret mission to the Middle East, can’t talk.” That kind of stuff runs rampant throughout government. People say you can’t balance a budget by making people go back to work, but you certainly can start. When Elon Musk told Twitter employees to go back to work, a third of them quit—they weren’t used to working.

Then, when he told them they’d have to do overtime, another third quit. You can get rid of a lot of people, and that saves a lot of money. There are many rules that protect federal workers, but some of these need to change, and we need to outsource certain things. I had it out with the Postmaster General the other day. Two years ago, the Postal Service lost $6.5 billion. Last year, they lost $9.5 billion. The only way to fix this is to implement better rules that require accountability. You can’t keep hiring more government employees. You have to make them nongovernmental employees.

LAURA INGRAHAM: How difficult is that process? Everybody knows that Elon Musk and Vivek Ramaswamy are both brilliant individuals. They are extremely capable—obviously, Elon is the richest person in the world. Washington, however, is its own beast. As smart as they are, getting stuff done will be a challenge. A lot will rest with you in Congress. SEN. RAND PAUL: One of the big things Elon did with SpaceX to reduce costs was to move away from cost-plus contracts to competitive contracts. I think that can be done by the executive branch. They can lay off people, downsize, and switch to competitive contracts. Is that going to balance the budget? Not alone. I’m for getting rid of all this waste. When the federal and state governments cut welfare, aid, and food stamps, the states need to take on more responsibility. Because the Federal Reserve and our debt are financing the federal portion, states will have to become more fiscally responsible. They’ll either need to raise taxes to fund benefits or be more conservative about who qualifies.

To be clear, I’m for looking at entitlements, waste—everything—because it’s such an enormous problem. If you put the military off the table and entitlements off the table, you’re left with only 16% of the budget. Even if you eliminate that, you don’t get anywhere close to balancing the budget. So, while I’m for eliminating waste, I’m also for reviewing all spending. LAURA INGRAHAM: The Pentagon, which I mentioned, has so much waste and so many duplicative initiatives inside the Defense Department. They fail the audits year after year. Have you been on top of this? Republicans, frankly, have been rubber-stamping the Pentagon budget for decades. That has to change. SEN. RAND PAUL: It’s worse than that, Laura. Right now, the first budget reconciliation that the Republicans are proposing is to bust the Pentagon caps. We have military spending caps, but spending is still going upwards. All the old guardrails in the Senate—you know who they are—are going to bust the military caps with their first budget reconciliation. Same as the first budget.

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“..all the crimes, evidence for which the laptop provided, that the FBI failed to investigate.”

In the West Law Is Being Separated from Truth and Justice (Paul Craig Roberts)

The Biden regimes discussion of “preemptive” pardons for Tony Fauci, Adam Schiff, and Liz Cheney is the Biden regime’s admission that these people have committed felonies in their efforts to destroy Donald Trump and that Fauci by lying about the safety and protection of the Covid “vaccine” is liable for mass murder and health damage to millions of people worldwide. He is also liable for funding illegal biowarfare research in both US and Chinese laboratories. In effect, the preemptive pardons would be convictions that escape punishment. Normally, a pardon from a president or governor comes after a conviction and often only after the sentence is served. Traditionally pardons have not been given in advance of indictment. In the case of Biden’s pardon of Hunter, the pardon was preemptive as it included a ten-year period and not just the gun and IRS convictions but also all the crimes, evidence for which the laptop provided, that the FBI failed to investigate.

What the discussion should be about is why is it more important to get Trump, while protecting Biden, than it is to obey the law? Once ideology enters politics, law no longer holds, because ideologues have agendas that are contrary to law and to the Constitution.There are many problems with Republicans, but Democrats have become an ideological party. Democrats are champions of open borders and the blurring of distinction between citizens and immigrant-invaders. They are champions of normalizing sexual perversions. They are champions of raising children independently of parental control. Democrats oppose the First, Second, and Fourteenth Amendments. Their ideology replaces free speech with indoctrination and controlled narratives. Their ideology violates the 14th Amendment by granting privileges to people of color, sexual perverts, and preferred genders. This is all said to be necessary to combat “white supremacy.” Pedophiles have been renamed “minor attracted persons.”

Democrat ideology requires the exploiter–the racist whites– to be displaced from positions of influence and power and turned into second class persons. This Democrat agenda is what the non-woke portion of the American people, not much more than half of the population, objected to and in protest elected Donald Trump President three times. In the latter part of my various careers when I undertook to explain reality to Americans and interested foreigners, I have been non-partisan. I have done my best to hold accountable Republican administrations as well as Democrat administrations. In my book, The Tyranny of Good Intentions, published 24 years ago, which Milton Friedman said was “A devastating indictment or our current system of justice,” I demonstrated that we were losing justice to the subservience of law to political agendas. In Alan Dershowitz’s review of my book, he wrote:

“The Tyranny of Good Intentions is a bold defense of our fundamental freedoms. It demonstrates that government oppression is not a right-left issue, but rather a universal evil that should be resisted by all free people. It [my book] demonstrates why conservatives and liberals who despise tyranny must unite against statists of both the right and the left who falsely believe that partisan ends justify depravations of liberty.” It is very costly to go against both parties as it leaves one without support. My supporters are the rare independent thinkers. If they cease to support this website, it will cease to exist. The consequences extend beyond me into the existence of truth. There are not many voices. There is no money in telling the truth. There are immensely powerful lobbies serving ideological and economic interests that drown out the voices of truth. It never pays to serve truth. I serve it because of the way I was raised. People are no longer raised that way. So truth faces extinction.

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“..I would say it will be a large portion of them and it would be early on.”

Trump Vows To Pardon Jan. 6 Rioters On Day One After Getting Into Office (JTN)

President-elect Donald Trump said that he will pardon Jan. 6 rioters on the first day in office in his upcoming administration. In an interview with NBC News’ “Meet the Press,” Trump told anchor Kristen Welker that “These people are living in hell.” Over 1,500 people have been charged with crimes connected to the Jan. 6 Capitol Riot in 2021, according to NPR. Trump has said in the past that he would pardon many of them. “I am inclined to pardon many of them,” he said during a 2023 CNN event. “I can’t say for every single one because a couple of them, probably, got out of control. I would say it will be a large portion of them and it would be early on.”

Other policies Trump discussed during the NBC interview included his plans for mass deportations, tariffs and healthcare policy. “Obamacare stinks,” Trump said. “If we come up with a better answer, I would present that answer to Democrats and to everybody else and I’d do something about it.” He blamed President Joe Biden for the political divide in the country and called Adam Schiff, the incoming Democratic senator from California, “a real lowlife.” Regarding political retribution, Trump was clear that he believes he was wronged, but he said he will not appoint a special prosecutor to investigate Biden. “I’m not looking to go back into the past,” he said. “Retribution will be through success.”

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“The pardons will have a real detrimental impact on the Democrat Party. It’s going to basically make the Democrat party look like a bunch of thieves and crooks..”

“..they are planning on a major protest for his inauguration. They want to make it so bad that he has to call out the National Guard, and then they will say, see, he’s a dictator..”

Democrat Party Going Extinct – Martin Armstrong (USAW)

Legendary financial and geopolitical cycle analyst Martin Armstrong is back with some important new predictions. But first, long before the 2024 Election, Armstrong’s Socrates computer correctly predicted a Trump landslide. Armstrong also predicted the GOP would win the House and the Senate while the Lying Legacy Media (LLM) were telling us all how popular Kamala Harris was and how she would take it all in 2024. Armstrong said Kamala’s real approval rating was around 10% (not 50%), and the Dems and the LLM knew it but lied anyway. Armstrong’s Socrates computer program also predicted Joe Biden would pardon his son Hunter, even though Biden, the Dems and the LLM repeatedly told us there would be no pardon of Hunter. This is where it get’s interesting. Armstrong says, “You have to understand, it wasn’t for Hunter…”

“Yes, my computer (Socrates) was showing Biden would pardon Hunter, and it was basically showing the collapse in the rule of law, and this is what this is about now… All the corruption started in 2014 in Ukraine… By pardoning Hunter all the way back to 2014, it means he can be compelled to testify. How much money did you get out of Ukraine? Where did it go? Did it go to the Big Guy? …Hunter can’t be prosecuted, so he can’t claim the 5th Amendment. He could be thrown in prison for contempt of court for refusing to testify.” Armstrong was held in prison for a record seven years for contempt of court. Armstrong says the law says the sentence should only have lasted 18 months. Still, Hunter could be thrown in jail. Armstrong says Joe will pardon many more, such as those involved in the J-6 prosecutions like Liz Cheney or people like Anthony Fauci, overseer of the CV19 bioweapon vax. Armstrong says,

“The computer has been showing, and we published these reports at our November 2024 conference, that this is most likely the final nail in the coffin for the Democrat Party… The pardons will have a real detrimental impact on the Democrat Party. It’s going to basically make the Democrat party look like a bunch of thieves and crooks… The Democrat Party is going extinct.” When asked if we are still going to war with Russia, Armstrong said, “I hate to say this, but yes, and the (Socrates) computer is never wrong.” Armstrong fears dirty tricks, such as a false flag in Europe, that could get it going and blame the Russians for something they did not do. They want to do this before Trump takes office. Armstrong says he is still recommending a big food supply, gold and cash. He is also predicting that government wants to do away with paper money and do all digital so they can track everything. Will this work? Armstrong says no, but they are going to try anyway.

Armstrong says even though Trump is looking good here before he’s sworn in, he’s going to have a tough four years. Armstrong says,“What I have heard is that they are planning on a major protest for his inauguration. They want to make it so bad that he has to call out the National Guard, and then they will say, see, he’s a dictator. I am concerned. I do not see four years of bliss in the Trump Administration. The computer says from 2026 on, it does not look good, particularly going into 2027 and 2028. This may be our last election…This is a war now with the Deep State. They are not going to take this lightly… They are going to try to obstruct Trump anyway they can… You are taking the trough away from all the pigs, and they are not going to have anything to eat. They are going to fight for their very lives.”

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“..It’s going to be something of a much bigger magnitude and I don’t think the Secret Service is anywhere equipped to handle that situation.”

Ex-Secret Service Agent Warns Trump Likely To Be Attacked Before Jan 20 (MN)

Former Secret Service agent Richard Staropoli warned Thursday that Donald Trump could be targeted in an attack before he is inaugurated as president, and that the Secret Service may not be able to prevent it. During a FOX News interview, Staropoli suggested Trump could face a threat “of a much bigger magnitude” than the two assassination attempts earlier in the year. Staropoli said that he is “not highly confident at all,” that Trump can be kept safe, noting “The Secret Service that you see out there today is not the Secret Service of yesteryear.” “Somewhere along the line they’ve completely dropped the ball,” he continued, adding “That testimony that you saw today was purely a smokescreen to cover up the shortcomings of a politically compromised agency.” Staropoli was referring to testimony in the House by Acting Director Ronald Rowe and other Secret Service officials before the task force investigating the first assassination attempt on Trump in July.

“It should never have gotten to that point,” Starapoli urged, adding “This whole talk about all these drones and these UAVs, hey, that’s all great, but you need to get back to the basics. What made the Secret Service great was its ability to put human intelligence, manpower on the streets and effectively secure the environment to make it safe for the president of the United States. I don’t see that here.” “As a matter of fact, I don’t think I’d be alone in saying that I certainly can see something happening between now and inauguration day,” Staropoli warned. He added, “it’s not going to be some 20-year-old kid on the roof of a building that’s allowed to get within 100 yards. It’s going to be something of a much bigger magnitude and I don’t think the Secret Service is anywhere equipped to handle that situation.”

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“..Biden is unique in that he deliberately created the circumstances that made his presidency so disastrous..”

Biden ‘Worst President’ In Modern History; Devastating New Poll Finds (ZH)

Voters have delivered a devastating verdict on Joe Biden’s time in office, branding him the worst president in almost 50 years. The poll results are extremely interesting because they partially reflect America’s profound partisan divide (Reagan and Obama had the same favorables, but Obama’s unfavorables were higher). Meanwhile, Donald Trump had the third highest favorables but his unfavorables were second only to Biden’s, dropping him in the rankings. The one thing, though, is that, of the 1006 registered voters polled, everyone thought Biden was totally awful. Some 44 percent placed him as one of the worst two, while only 14 percent placed him in the top two, giving him a net score of 30 points underwater. That was worse than Nixon, who came out with negative 25, and Donald Trump, with negative 15.

James Johnson, cofounder of J.L. Partners which conducted the poll, called it a ‘diabolical’ result for Biden. “There’s always a recency bias and as Joe Biden is the incumbent, he starts off at a disadvantage there,” he said. “But regardless of that, these numbers are worse than I expected.” As Andrea Widburg writes at AmericanThinker, while time softened Nixon’s reputation, especially when it became clear that Mark Felt became Deep Throat, not out of principle, but out of pique because Nixon didn’t appoint him as the new FBI head, time will not burnish Biden’s presidency. This will be especially true if the RINOs get out of the way and let Trump have the most spectacularly successful presidency in American history. Trump’s roaring economy, foreign policy successes, and sovereign border, along with the fact that his presidency will see at least some return to cultural normalcy, will make Joe Biden’s tenure look even worse.

The thing about Biden’s presidency is that he wasn’t a victim of circumstances. Even Carter could be said to have been a victim of the Iranian Revolution, although it’s hard to imagine anyone handling it worse than he did. Biden is unique in that he deliberately created the circumstances that made his presidency so disastrous. It was his affirmative, proudly touted policies that drove inflation, opened the border, and led to so much American weakness on the world stage that two potential “WWIII starting points” erupted. It was his values, his weaknesses, his corruption, and his senility that got moved events. I sincerely hope that history is incredibly cruel to Biden. He will have left the White House 50 years after setting his sights on it, but I want his legacy to be tarnished in his own mind. Anyone who has wreaked such terrible havoc on this once proud nation deserves to be horribly aware of the disdain in which his countrymen hold him.

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“..allowing degenerates to steamroll our laws and our sense of security, while punishing the righteous..”

Rep. Eli Crane: Daniel Penny Should Receive Congressional Gold Medal (JTN)

Congressman Eli Crane, R-Ariz., said that he is planning to introduce a resolution to give veteran Daniel Penny the Congressional Gold Medal. “Daniel Penny’s actions exemplify what it means to stand against the grain to do right in a world that rewards moral cowardice,” Crane said according to Fox News Digital.Penny, a 26-year-old Marine veteran, has been accused of fatally choking a mentally ill homeless man who was threatening to kill riders on a subway car in New York City in 2023. “Our system of ‘justice’ is fiercely corrupt, allowing degenerates to steamroll our laws and our sense of security, while punishing the righteous,” Crane continued.

“Mr. Penny bravely stood in the gap to defy this corrupt system and protect his fellow Americans. I’m immensely proud to introduce this resolution to award him with the Congressional Gold Medal to recognize his heroism.” Penny is currently on trial for the death of Jordan Neely, 30. Jury deliberations began last week. The judge in the trial granted a motion to dismiss a manslaughter charge after the jury said twice on Friday they couldn’t agree on the charge.

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“Readers are fleeing to new media after papers like the L.A. Times and the Washington Post literally wrote off half of the country..”

This is Not the Time for Balance: LA Times Columnist Resigns (Turley)

When now President-Elect Donald Trump was convicted, the thrill-kill atmosphere around the courthouse and the country was explosive, but no one was more ecstatic than liberal columnist and former prosecutor Harry Litman. The then L.A. Times columnist told MSNBC’s Nicolle Wallace that it was a “majestic day” and “a day to celebrate.” A lawfare advocate, Litman excitedly laid out how Trump could be barred from office, declaring that the raid in Mar-a-Lago was the “whole enchilada” in ending Trump’s political career. Now, Litman has resigned from the L.A. Times because the owner wants more diversity of opinion in the newspaper. Litman went on MSNBC to declare that “this is not a time for balance.” Those seven words sum up much of what has destroyed American media with millions turning away from the echo chamber created by the Washington Post, L.A. Times, and other publications.

Litman is not alone. Many liberals are dispensing with the pretense of declaring opposing views “disinformation” and are now openly fighting to preserve ideological echo chambers and media silos. In my new book, The Indispensable Right, I write about the decline of newspapers as part of the “advocacy journalism” movement. Opinion pages became little more than screeds for the left, including legal commentators who have been consistently wrong and misleading on merits of challenges or cases. Last year, Washington Post publisher and CEO William Lewis delivered a truth bomb in the middle of the newsroom by telling the staff, “Let’s not sugarcoat it…We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right? I can’t sugarcoat it anymore.”

Litman has been one of the most unabashed lawfare warriors. Even when the Justice Department was seeking to dismiss the Flynn case, Lipman wrote an L.A. Times column advising Judge Emmet Sullivan how to “make trouble” for the administration. Litman admitted there is “very little leeway to reject the government’s decisions to dismiss charges” but encouraged Sullivan to “accomplish what Congress, multiple inspectors general, and a majority of the electorate have not been able to do — hold the president and his allies accountable for their contemptuous disregard for the rule of law.” On MSNBC’s Deadline: White House, Litman declared to Nicolle Wallace that Trump’s victory is “an absolute five-alarm fire.” He called the effort to restore a diversity of viewpoints as little more than an attempt “to curry favor with Trump.” He then added:

“And I just think this is not a time for balance when you have someone who’s not telling the truth on the other side. And it’s a deep responsibility. And instead, I think they cowered and are worried about their personal holdings and just being threatened by Trump. And that’s a really shameful capitulation, I think. So, I just felt I couldn’t be a part of it and had to resign.” It was a telling moment. Litman appeared on a network that has lost half of its viewership and is fighting for its existence in an effort by NBCUniversal to unload it. Readers are fleeing to new media after papers like the L.A. Times and the Washington Post literally wrote off half of the country. Yet, these figures would rather lose their jobs and media platforms than their bias.

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Rope

Frens
https://twitter.com/i/status/1865514940544541147

Lenny

Grace South African soprano Pretty Yende and the Orchestre Philharmonique de Radio France
https://twitter.com/i/status/1865499228639789130

 

 

 

 

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

 

 

 

 

 

Dec 082024
 


Alfred Sisley Snow at Louveciennes 1878

 

Syrian Army Informs Officers Of Regime Change – Reuters (RT)
‘Not Our Fight!’: Trump Weighs In On Syria’s Unraveling (ZH)
Ukraine ‘Would Like To Make A Deal’ With Russia – Trump (RT)
Meeting With Trump And Macron Was ‘Productive’ – Zelensky (RT)
Megyn Kelly Warns Deep State Is Coming For Hegseth, Gabbard, RFK Jr (ZH)
The Clintons Need Biden’s ‘Blanket Pardons’ More Than Other Democrats (Sp.)
Musk Spent $260 Million On Trump (RT)
Prosecutor Blocks Lawsuit Against Ursula von der Leyen Over Pfizergate (Sp.)
How Russia Plans To Win In Ukraine (Dmitry Trenin)
Teenagers Preparing To Flee Ukraine – The Times (RT)
The Syria Tragedy and the New Omni-War (Pepe Escobar)
Russia Warns Against Geopolitical Use of Terrorists in Syria’s Conflict (Sp.)
Russia, Iran Call For ‘Internal Dialogue’ To Resolve Crisis In Syria (Cradle)
Romanian Presidential Frontrunner Claims He’s Victim Of Coup D’état (RT)
France Is A Perfect Example Of Centrist Elites Wrecking The West (Amar)
Pop Art: The Value of Hunter Biden’s Art Expected to Collapse (Turley)
Durov Subjected To First Detailed Questioning In Court (RT)

 

 

 

 

Alina

Leavitt

Tulsi

McEnany

 

 

 

 

The speed at which the Assad regime unraveled provokes a whole new additional set of questions. Where were Russia, Iran, China? Were they ever going to help? There was hardly any resistance from Syrian troops, no fighting.

Syrian Army Informs Officers Of Regime Change – Reuters (RT)

The Syrian Army command announced on Sunday that President Bashar Assad’s 24-year rule has come to an end, according to a Syrian officer who spoke to Reuters. The announcement follows a rapid offensive by jihadist forces in the capital. The jihadists claim that Damascus is “now free of Assad” and are expected to make their first public statement via state TV, Reuters reports, citing two anti-government sources. In response to the political uncertainty, Prime Minister Mohammad al-Jalali stated that he is “ready to cooperate with any leadership chosen by the people,” as quoted by Al Jazeera. He added that he remains at home and is inclined to support the continuity of government.

Ahmed Al-Sharaa, a prominent commander for the jihadist group Hayat Tahrir al-Sham (HTS), has issued orders prohibiting all militant forces in Damascus from approaching public institutions or firing weapons into the air. He went on to say that government institutions will remain under the supervision of the “former prime minister” until they are officially transferred to the new authorities. Over the weekend, HTS fighters and other anti-government militias entered Damascus, effectively taking control of the capital. Flight tracking websites indicate that Assad’s plane has left the city.

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“HTS, the group backed by NATO member Turkey and leading this anti-Assad onslaught, is a US-designated terror organization..”

‘Not Our Fight!’: Trump Weighs In On Syria’s Unraveling (ZH)

President-elect Donald Trump has weighed in on the rapid-moving events in Syria, where jihadist groups backed by Turkey are entering the outside environs of the capital of Damascus. The embattled President Bashar al-Assad still appears to be in residence, but his future is far from certain. “Opposition fighters in Syria, in an unprecedented move, have totally taken over numerous cities, in a highly coordinated offensive, and are now on the outskirts of Damascus, obviously preparing to make a very big move toward taking out Assad,” he began the statement on Truth Social.Trump emphasized that Washington should stay completely out, calling the situation a “mess” and that it is “not our fight”. He posted the same message on X.

It alludes to Russia’s inability to continue protecting Syria, given it is bogged down in the nearly three year long Ukraine war, while also blasting former President Obama’s past Syria policies and that he laid down ‘red lines’. Below is the full statement: “Russia, because they are so tied up in Ukraine, and with the loss there of over 600,000 soldiers, seems incapable of stopping this literal march through Syria, a country they have protected for years. This is where former President Obama refused to honor his commitment of protecting the RED LINE IN THE SAND, and all hell broke out, with Russia stepping in. But now they are, like possibly Assad himself, being forced out, and it may actually be the best thing that can happen to them. There was never much of a benefit in Syria for Russia, other than to make Obama look really stupid.”Syria is a mess, but is not our friend, & THE UNITED STATES SHOULD HAVE NOTHING TO DO WITH IT. THIS IS NOT OUR FIGHT. LET IT PLAY OUT. DO NOT GET INVOLVED!”

It must be remembered that Hayat Tahrir al-Sham (HTS), the group backed by NATO member Turkey and leading this anti-Assad onslaught, is a US-designated terror organization. A big question is: what comes next? While HTS has morphed from Syrian Al-Qaeda, it is trying to present to the West a softer image, claiming that it will protect minorities including Christians. However, its recent past clearly demonstrates that it rules territories under its control with Taliban-style force and brutality. Much of the nation’s population until now has stuck with Assad given the alternative is Somalia-style fracturing and rule by competing jihadist warlords. One thing is for sure: Trump will inherent dealing with an absolute tragic mess in Syria, the heartland of the Middle East, upon his opening days in office. Currently, US forces still occupy one-third of Syria, in the oil and gas areas of the northeast. During Trump’s first term he expressed an effort to “bring the troops home” but it’s widely reported he was stymied by his generals and national security officials.

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600,000 Russian soldiers vs 400,000 Ukrainian soldiers?

Ukraine ‘Would Like To Make A Deal’ With Russia – Trump (RT)

Ukraine “would like to” make a peace deal with Russia, US President-elect Donald Trump has signaled after meeting with Vladimir Zelensky in Paris. In a post on his Truth Social platform on Sunday, Trump called for an immediate ceasefire and negotiations between Moscow and Kiev. Trump’s remarks came after reports emerged of a regime change in Syria, Russia’s ally in the Middle East, where jihadists claimed to have taken over the Syrian capital Damascus and toppled President Bashar Assad’s 24-year rule. Trump speculated that this happened because Assad’s “protector,” Russia, “was not interested in protecting him any longer.”

“[Russia] lost all interest in Syria because of Ukraine, where close to 600,000 Russian soldiers lay wounded or dead, in a war that should never have started, and could go on forever, Trump stated, claiming that Russia is currently “in a weakened state… because of Ukraine and a bad economy.” “Likewise, Zelensky and Ukraine would like to make a deal and stop the madness. They have ridiculously lost 400,000 soldiers, and many more civilians. There should be an immediate ceasefire and negotiations should begin,” the President-elect said, adding that if the conflict is not resolved, “it can turn into something much bigger, and far worse.”

Notre Dame

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It was suggested Trump shook Macron’s hand so hard, the latter needed a chiropractor.

Meeting With Trump And Macron Was ‘Productive’ – Zelensky (RT)

US President-elect Donald Trump has met briefly with French President Emmanuel Macron and Ukrainian leader Vladimir Zelensky in Paris. No joint statement was released after the trilateral talks, but Zelensky hailed the conversation as “good and productive.” Trump arrived in Paris on Saturday to attend the reopening of Notre Dame Cathedral, extensively damaged in a fire in 2019. The trip was Trump’s first foreign visit since he defeated Kamala Harris in last month’s presidential election, but he nevertheless arrived at the Elysee Palace 40 minutes late, French media reported. Trump and Macron shared a warm embrace outside the palace, and speaking to reporters inside, Macron said that it was a “great honor” to host the incoming US president. Trump returned the compliment, before declaring that “the world seems to be going a little crazy right now.”

Zelensky, who was originally due to hold a one-on-one meeting with Macron, arrived nearly an hour later, before the three met for roughly 35 minutes, according to BFMTV. The three men did not speak to the press afterwards, and left for Notre Dame separately after posing for pictures. In a post on X, Macron said that the meeting was focused on “common action for peace and security.” Zelensky, also posting on X, described the talks as “good and productive.” “President Trump is, as always, resolute. I thank him,” Zelensky wrote. “We all want this war to end as soon as possible and in a just way,” he continued. “We spoke about our people, the situation on the ground, and a just peace.” “We agreed to continue working together and keep in contact. Peace through strength is possible,” he concluded, using a catchphrase regularly deployed by Trump to describe his foreign policy.

Throughout his campaign, Trump repeatedly promised that he would end the Ukraine conflict within “24 hours” of taking office, without offering any specifics on how he would achieve this beyond pushing Zelensky and Russian President Vladimir Putin into negotiations. Recent media reports suggest that he intends to ‘freeze’ the conflict along the current line of contact, using the threat of a reduction in US aid to force Zelensky to negotiate, and the threat of increased aid to Kiev to pressure Putin into talks. Zelensky insists that his ten-point ‘peace formula’ is the only viable path to what he calls a “just peace” with Russia. However, the Kremlin has dismissed this document as “delusional,” with its demands that Russia restore Ukraine’s 1991 borders, pay reparations, and surrender its own officials to war-crimes tribunals.

Moscow maintains that any settlement must begin with Ukraine ceasing military operations and acknowledging the “territorial reality” that it will never regain control of the Russian regions of Donetsk, Lugansk, Kherson, and Zaporozhye, as well as Crimea. In addition, the Kremlin insists that the goals of its military operation – which include Ukrainian neutrality, demilitarization, and denazification – will be achieved.

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“If you don’t think they’re going to do this to RFK Jr., you haven’t been paying attention,” Kelly urged.

Megyn Kelly Warns Deep State Is Coming For Hegseth, Gabbard, RFK Jr (ZH)

As Pete Hegseth – president-elect Trump’s pick for SecDef – runs the gauntlet of the nomination process, amid a cornucopia of media amplified unsubstantiated accusations against him, Sirius XM host Megyn Kelly has warned that the political establishment, both Democrats and Republicans, are attempting to derail Trump’s second term before it has even begun by targeting his cabinet picks. As Steve Watson writes at Modernity.news, Kelly pointed to Pete Hegseth, who who is fighting to stay in the running for Secretary of Defense amid a cornucopia of media amplified unsubstantiated accusations against him. Kelly warned that if Hegseth falls like Matt Gaetz did, then RFK Jr., Tulsi Gabbard and anyone else Trump picks will likely be next. “If you don’t think they’re going to do this to RFK Jr., you haven’t been paying attention,” Kelly urged.

“I realize that Pete has his belly exposed. He has not led a perfect life, and there’s plenty if you want to start attacking his character in terms of his marital history and so on,” Kelly noted. “But as he said to me yesterday, he found around 20, I think it was 18 or so, he found his two J’s: his wife, Jen and Jesus, and started changing his life in a profound way,” she further explained. The host continued, “Let’s say they get Pete’s scalp like they got Matt Gates’s scalp, Bobby Kennedy’s history makes Pete look like the consummate Boy Scout. He looks like he’s ready to enter the priesthood.” “He’s a lot older, with a lot more of a checkered past… It’s not going to be pretty at all. So we are really at a crossroads here about whether we are going to sacrifice these nominees because of checkered personal pasts or not. It’s not going to get easier after Pete,” Kelly emphasized.

But, as Gery Berntsen writes at American Greatness, when Pete Hegseth is confirmed as Secretary of Defense, he will be a forceful agent of change for the betterment of the United States of America. The abridged version of a famous Machiavelli quote, “Nothing is more difficult or dangerous than to attempt to change the order of things,” is in full view as we watch the process of confirming President Trump’s Secretary of Defense. When Pete Hegseth is confirmed as Secretary of Defense, he will be a forceful agent of change for the betterment of the United States of America. President-elect Trump’s nominee, retired Army National Guard Major and Fox News host Peter Hegseth, is receiving considerable fire amid allegations of misconduct while CEO of Concerned Veterans for America (CVA).

I am writing this article because I was one of the founding members of CVA. I am an Air Force veteran and retired senior operations officer and chief of station in the Central Intelligence Agency. While at the CIA, I held major field command positions and was a senior manager in the CIA’s Counter-Terrorism Center (CTC). I led the CIA’s largest paramilitary element on the ground during the invasion of Afghanistan in 2001, seizing Kabul, initiating the battle of Tora Bora, and leading teams around the globe in several dangerous crises. I worked hand in glove with the most important elements of the National Security Council, the Department of Defense, the Department of Justice, and the FBI to secure and safeguard American interests. Based on 30 years of this experience and my personal knowledge of Pete Hegseth, I have no doubt that he will excel as Secretary of Defense.


Megyn Kelly is joined by The Daily Wire’s Michael Knowles

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“The Trump administration, working with Chris Rufo, a new IRS chief, and [attorney general nominee] Pam Bondi, could raise hundreds of billions of dollars merely by enforcing the strict rules and laws pertaining to nonprofit organizations..”

The Clintons Need Biden’s ‘Blanket Pardons’ More Than Other Democrats (Sp.)

After President Joe Biden issued an unusual blanket pardon for his son, Hunter, Democratic Congressman Ed Markey has urged the president to extend “preemptive pardons” to other top Democrats whom Donald Trump believes “harmed him” and might otherwise be treated by him in a “fascistic way.” “After nearly four years of weaponizing US government resources against perceived enemies of certain dynastic political families, Markey and Biden have some nerve suggesting that the Trump administration will be engaging in ‘fascist’ retaliation starting January 20, 2025,” Wall Street analyst Charles Ortel tells Sputnik, referencing Biden’s prosecution of January 6 protestors and labeling MAGA supporters as “extremists.” US journalist Jonathan Martin reported on December 4 that Biden’s senior aides are debating the issue, and the alleged pardon list might include Sen.-elect Adam Schiff (D-Calif.), former GOP Rep. Liz Cheney, former COVID czar Anthony Fauci.

“The public has yet to learn how deep the rot became across America ever since 1988, when elites embraced unregulated globalism and a turbocharged spoils system where trillions of dollars in spending that is not audited (by design) can be pilfered or diverted to fund political campaigns and multiple-mansion lifestyles,” Ortel says.According to the analyst, the political trajectories of the Biden, Clinton, Bush, Obama, Pelosi, and Cheney dynasty families warrant close scrutiny for alleged influence-peddling and other questionable conduct. “Those who howl loudest now anticipating Trump’s return likely include many with guilty knowledge of their own roles perpetrating a raft of crimes, believing the system will remain rigged to protect them,” he notes. As Joe Biden’s White House reportedly considers “preemptive pardons” for some top Democrats, Ortel suggests that the Clintons might be on the list.

“‘The Clinton Foundation’ (in quotes because I challenge an informed lawyer to demonstrate that it validly and lawfully exists as a public charity) has yet again issued false and materially misleading public filings as it continues to solicit donations in various ways across state lines and national boundaries,” says Ortel, who has conducted a private investigation into the charity’s alleged fraud for several years. In 2018, two forensic investigators-turned-whistleblowers, John Moynihan and Larry Doyle, testified before the US Congress that the Clinton Foundation does not operate as a tax-exempt 501(c)(3) organization but acts as a foreign agent and owes the US government between $400 million and $2.5 billion in taxes. Additionally, Special Counsel John Durham’s probe indicated that Hillary Clinton and her team played a significant role in shaping and promoting the Trump-Russia collusion narrative.

According to Ortel, this hoax was used to prevent Trump from investigating the Clintons’ apparent pay-to-play schemes, mishandling of classified information, and alleged money laundering. “The Trump administration, working with Chris Rufo, a new IRS chief, and [attorney general nominee] Pam Bondi, could raise hundreds of billions of dollars merely by enforcing the strict rules and laws pertaining to nonprofit organizations. Many of these ‘elite’ entities have brazenly abused the law in countless ways, especially the Clintons since October 23, 1997,” Ortel says. “[One] report notes that the Biden family may now have greater exposure since Hunter can no longer readily invoke the Fifth Amendment,” Ortel points out. The Washington Free Beacon reported on December 3 that Hunter will no longer be able to rely on his Fifth Amendment right to silence regarding any potential federal crimes for which he’s been pardoned, according to two former House general counsels.

The Fifth Amendment protects against self-incrimination; however, with Hunter no longer at risk of federal prosecution for the period between January 2014 and December 2024, he appears to be ineligible for this protection. The newspaper alleges that Republican lawmakers should jump at the opportunity to subpoena Hunter Biden for new information about his family’s knowledge or involvement in his apparent influence-peddling schemes. There are a lot of questions concerning the Biden family’s conduct in post-coup Ukraine where Hunter helped secure millions of dollars of funding for Metabiota, a Pentagon bio-reseach contractor, and where he got a hefty salary from Bursima gas firm. “Finally, offering Hunter pardons for federal crimes back to January 1, 2014 raises suspicions that Joe may know of illegal activities in which Hunter engaged, years before crimes alleged in the indictments in the gun (2018) and tax (2019) cases,” Ortel stresses.

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“The value of shares in his electric vehicle company, Tesla, rose by 80% in the past month.”

Musk Spent $260 Million On Trump (RT)

The world’s richest person, entrepreneur Elon Musk, spent at least $260 million to get Donald Trump re-elected as US president, various media outlets have reported, citing Thursday’s filings with the Federal Election Commission. The Tesla and SpaceX CEO has emerged as a top Republican donor and one of the most prominent members of Trump’s inner circle, noted the Washington Post. Some $238 million of the donations went to a political action committee (PAC) that Musk founded this year, America PAC, CNN said, citing the filings. Other groups backing Trump benefitted as well, with the entrepreneur giving $20.5 million to RBG PAC, and $3 million to the MAHA Alliance.

According to the Washington Post, Musk spent $232 million supporting Trump and other Republican candidates before the election. After the vote and through November 25, he gave nearly $45 million more to America PAC, taking his total political spending to at least $277 million. Following the election victory, Trump appointed Musk as his government efficiency adviser. The entrepreneur will oversee a new Department of Government Efficiency, or DOGE, aimed at cutting government spending. The billionaire has pledged to audit the entire US government, aiming to cut up to $2 trillion in spending.

The entrepreneur’s influence has led to the media and some conservatives dubbing him the “co-president of the United States” and “the Soros of the right,” referring to billionaire investor and prolific liberal donor George Soros. Musk is the world’s richest person, according to the Bloomberg Billionaires Index, with an estimated total net worth of $362 billion as of December 6. The value of shares in his electric vehicle company, Tesla, rose by 80% in the past month. The world’s most valuable carmaker is expected to benefit from streamlined regulation on self-driving cars during the new Trump administration.

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This is how rotten the EU is. Secret deals for €35+ billion kept secret. Zero accountability.

“The prosecutor secretly contested the case, arguing that von der Leyen should be immune from prosecution due to her official duties..”

Prosecutor Blocks Lawsuit Against Ursula von der Leyen Over Pfizergate (Sp.)

A Belgian court was unable to review the charges against European Commission President Ursula von der Leyen due to the intervention of the European Prosecutor’s Office, according to activist and prosecution representative Frédéric Baldan. A lawsuit against European Commission President Ursula von der Leyen has been postponed indefinitely by a Belgian judge. The postponement follows a hearing that took place on Friday at the Liège Palace of Justice, focusing on potential violations in the procurement of coronavirus vaccines by von der Leyen. The hearing was closed to the public and von der Leyen is currently abroad. “The European Prosecutor’s Office made a move that effectively blocked the court proceedings,” Baldan told Sputnik. The prosecutor secretly contested the case, arguing that von der Leyen should be immune from prosecution due to her official duties. As a result, the judge postponed the hearings indefinitely.

The issue of whether von der Leyen’s immunity applies to the charges will be addressed on January 6. Baldan believes the European Prosecutor’s Office acted in her favor. In 2021, The New York Times reported that von der Leyen and Pfizer CEO Albert Bourla exchanged SMS messages discussing a massive vaccine procurement contract. The deal, which could be worth up to €35 billion, raised suspicions about von der Leyen’s direct influence on negotiations, sparking a media scandal dubbed “Pfizergate.” Despite calls to release the text messages, the European Commission refused to make them public in June 2022. In October the same year, the EU’s Public Prosecutor’s Office announced it was investigating the centralized procurement of vaccines on behalf of EU member states, though details remain confidential. Additionally, a separate investigation was launched in Belgium after Baldan filed a lawsuit against von der Leyen, claiming her actions caused economic harm to the country.

In March 2024, it was reported that the case had been transferred to the European Public Prosecutor’s Office, which confirmed it is continuing its investigation, though it refused to disclose further details. The European Court of Justice in Luxembourg is also reviewing a complaint filed by The New York Times, which had requested von der Leyen’s communications with Pfizer but was denied access. The European Commission argued that these messages were not official documents and could not be retrieved. A ruling is expected in the coming months. During the pandemic, the European Union mainly purchased vaccines from the BioNTech-Pfizer consortium, along with other pharmaceutical companies. These procurements, involving billions of euros, have been the subject of ongoing scrutiny and legal disputes due to delays in supply and lack of transparency.

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Oreshnik = no nukes needed.

How Russia Plans To Win In Ukraine (Dmitry Trenin)

The Ukrainian crisis exposed a troubling reality for Russia: its concept of strategic deterrence proved incapable of preventing enemy aggression. While it has successfully deterred a massive nuclear attack by the United States or large-scale conventional aggression by NATO, it has failed to address a new and insidious form of conflict. Washington and its allies have gambled on inflicting a strategic defeat on Russia through a client state—one they control, arm, and direct. Moscow’s nuclear doctrine, designed for a very different set of circumstances, proved inadequate. It failed to prevent Western intervention at the outset and allowed its escalation. In response, the Kremlin has recognized the need to adapt. In the third year of the operation, a long-overdue update to the doctrine has been announced. This summer, President Vladimir Putin outlined the necessary changes.

By November, the new document—entitled Fundamentals of the State Policy of the Russian Federation in the Field of Nuclear Deterrence—was in place. The updated doctrine represents a profound shift in Russia’s nuclear policy, transforming it into a proactive deterrent. Previously, nuclear weapons could only be used in conventional conflicts when the very existence of the state was at risk. The threshold was set so high that it effectively allowed adversaries to exploit it. Now, the conditions have been broadened significantly. One key addition is the recognition of “joint aggression.” If a non-nuclear state at war with Russia operates with the direct support of a nuclear power, Moscow reserves the right to respond, including with nuclear weapons. This sends a clear and unmistakable message to the United States, Britain, and France: their facilities and territories are no longer immune to retaliation.

The doctrine also explicitly accounts for scenarios involving massive aerospace attacks, including drones and cruise missiles, as well as aggression against Belarus. Another important change is the expanded list of threats deemed unacceptable to Russia’s security. These changes collectively signal a more assertive posture, reflecting the reality of today’s conflict and deterring potential Western miscalculations. Western reactions to these updates were predictable. Media hysteria painted Putin as reckless, while politicians feigned calm, claiming they would “not be intimidated.” The military and intelligence communities have remained largely silent, quietly drawing their own conclusions. These updates come against an increasingly grim backdrop for the West. Realists within NATO understand the war in Ukraine is effectively lost. The Russian army holds the initiative across the front and is advancing steadily in the Donbass.

The Ukrainian armed forces are unlikely to turn the tide in the foreseeable future, if ever. Consequently, Western strategists are now eyeing a ceasefire along the battle lines as the only viable option. Notably, there has been a subtle shift in the narrative. Articles in Reuters and other Western outlets suggest that Moscow, too, may consider freezing the conflict. However, such a scenario would need to align with Russian interests. For Moscow, anything less than full victory equates to defeat, and such an outcome is simply not an option. The administration of US President Joe Biden, despite the Democrats crushing election defeat, has apparently decided to ‘help’ Donald Trump stay on course. The authorization to use US and British long-range missiles to hit targets in the Kursk and Bryansk regions is both a defiant challenge to Putin, and a ‘gift’ to the president-elect.

Likewise the transfer to Kiev of anti-personnel mines banned by the Ottawa Convention, a new batch of anti-Russian sanctions (including against Gazprombank) and an attempt to ‘push’ the latest Biden aid package for Zelensky through Congress. Russia’s response to the escalation has not been limited to updating its doctrine. The recent test of the ‘Oreshnik’ intermediate-range hypersonic missile under combat conditions marked a pivotal moment. By striking the Yuzhmash missile factory in Dnepropetrovsk, Moscow signaled to NATO that the vast majority of its European capitals are within range of this new weapon. ‘Oreshnik’ carries both conventional and nuclear warheads, and its speed — reportedly reaching up to Mach 10 — renders existing missile defense systems ineffective. Although still experimental, its successful deployment paves the way for mass production. The message is clear: Moscow is not bluffing. This shift from verbal warnings to decisive actions underscores the seriousness of the Kremlin’s resolve.

The West has long convinced itself that Putin would never strike NATO countries. With the advent of ‘Oreshnik,’ that belief has been shattered. The United States and its allies continue to escalate recklessly, betting on provoking a Russian overreaction. The authorization of long-range missile strikes on Russian territories like Kursk and Bryansk, combined with the transfer of banned weapons and the constant drumbeat of sanctions, reflects their desperation. More dangerously, there are whispers of Ukraine’s potential NATO membership or even the transfer of nuclear weapons to Kiev. While the latter remains unlikely, the risk of a “dirty bomb” cannot be ruled out. The West’s hope, however, is that Russia might strike first with atomic weapons, handing NATO the moral high ground. Such an outcome would allow Washington to isolate Moscow globally, undermining its relationships with key players like China, India, and Brazil. Yet Moscow has countered these provocations with calculated precision, refusing to take the bait.

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Blinken: “Getting younger people into the fight, we think, many of us think, is necessary..”

Putin: [Zelensky] has “no right to push people to their death and drive them into battle.” The orders that Zelensky gives are “criminal..”

Teenagers Preparing To Flee Ukraine – The Times (RT)

Many Ukrainian teenagers are planning to leave the country and never return as the US increases pressure on Kiev to lower the mobilization age, the Times has reported. Earlier this week, outgoing US Secretary of State Anthony Blinken said it was not right that “18 to 25-year-olds are not in the fight” against Russia. “Getting younger people into the fight, we think, many of us think, is necessary,” he stressed.In an article on Thursday, the British paper quoted a teenager from the city of Kharkov, who said that “many” of his friends are now choosing to study abroad because “it is safer there.”“There is no risk of being taken into the army at a foreign university,” he explained, adding that he plans to study in Poland, and may not return after graduation.

“When I have finished, I will decide whether to return to Ukraine or stay there. It will be safer there, there are no bombs falling and there is no danger that I will be mobilized for the war without my consent,” he said. Another teenager who spoke to The Times said he also wants to attend higher education in a foreign country. Ukrainian lawmaker Aleksandra Ustinova told the paper that a decision to lower the mobilization age to 18 would be met with “huge opposition inside Ukraine and we would not get the results [on the battlefield] that we want because this is not such a large amount of people.”“It would also be a clear signal for families to get their children out. So, if we want to lose our future generation, then, yeah, this is the thing to do,” Ustinova stressed.

The number of men aged between 18 and 25 in Ukraine is estimated to be at least 300,000.According to UN data, at least 6.8 million Ukrainians have fled the country and become refugees since the escalation between Moscow and Kiev in February 2022. Most of them are women and children, as men of fighting age are banned from travelling abroad.Since the start of the conflict, officials in Moscow have repeatedly accused the US and its allies of wanting “to fight to the last Ukrainian” in their effort to inflict a strategic defeat on Russia. Russian President Vladimir Putin said last week that Ukrainian leader Vladimir Zelensky, who canceled a presidential election earlier this year, has “no right to push people to their death and drive them into battle.” The orders that Zelensky gives are “criminal,” Putin stressed.

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“..a Final Confrontation – with several overtones ranging from expanding lebensraum to provoking the Apocalypse.”

The Syria Tragedy and the New Omni-War (Pepe Escobar)

Until recently, a serious geopolitical working hypothesis was that West Asia and Ukraine were two vectors of the standard Hegemon modus operandi, which is to incite and unleash Forever Wars. Now both wars are united in an Omni-War. A coalition of Straussian neo-cons in the US, hardcore revisionist Zionists in Tel Aviv and Ukrainian neo-nazi shades of grey is now betting on a Final Confrontation – with several overtones ranging from expanding lebensraum to provoking the Apocalypse. What stands in their way is essentially two of the top BRICS: Russia and Iran. China, self-protected by their collective lofty dream of “community of a shared future for mankind”, warily watches on the sidelines, as they know that at the end of the road, the true “existential” war by the Hegemon will be against them. Meanwhile, Russia and Iran need to mobilize for Totalen Krieg. Because that’s what the enemy is launching.

The total destabilisation of Syria, with heavy CIA-MI6 input, now proceeding in real time, is a carefully engineered gambit to undermine BRICS and beyond. It proceeds in parallel to Pashinyan removing Armenia from the CSTO – based on a US promise to support Yerevan in a possible new clash with Baku; India being encouraged to ramp up a weapons race with Pakistan; and across-the-board intimidation of Iran. So this is also a war to destabilize the International North South Transportation Corridor (INSTC), of which the three major protagonists are BRICS members Russia, Iran and India. As it stands, the INSTC is totally geopolitical risk-free. As a top BRICS corridor-in-the-making, it carries the potential to become even more effective than several of China’s cross-Heartland corridors of the Belt and Road Initiative (BRI).

The INSTC would be a key lifeline for a great deal of the global economy in case of a direct confrontation between the US/Israel combo and Iran – with the possible shutdown of the Strait of Hormuz leading to the collapse of a multi-quadrillion pile of financial derivatives, economically imploding the collective West. Turkiye under Erdogan, as usual, is playing a double game. Rhetorically, Ankara stands by a genocide-free and sovereign Palestine. In practice, the Turkiye supports and funds a motley crew of Greater Idlibistan jihadis – trained by Ukrainian Neo-nazis in drone warfare and with weapons financed by Qatar – who have just marched on and conquered Aleppo, Hama, and possibly beyond. If this army of mercenaries were real followers of Islam, they would be marching in defense of Palestine.

At the same time, the real picture inside the corridors of power in Tehran is extremely murky. There are factions favoring getting closer to the West, which clearly would have ramifications for the Axis of Resistance’s ability to fight Tel Aviv. On Lebanon, Syria never wavered. History explains why: from the point of view of Damascus, Lebanon historically remains a governorate, so Damascus is responsible for the security of Beirut. And that’s one of Tel Aviv’s key motives to propel the current Salafi-jihadi offensive on Syria – after smashing virtually every communication corridor between Syria and Lebanon. What Tel Aviv could not accomplish on the ground – a victory over Hezbollah in southern Lebanon – has been replaced by isolating Hezbollah from the Axis of Resistance.

Wars in West Asia are a complex mix of national, sectarian, tribal and religious vectors. In a sense, they are endless wars; controllable to an extent, but then back again. The Russian strategy in Syria seemed to be very precise. As it was impossible to normalize a completely fragmented nation, Moscow opted to free the Syria that really matters – the capital, the most important cities, and the Eastern Mediterranean coast – from the Salafi-jihadi mobs. The problem is that freezing the war in 2020, with direct implication by Russia, Iran and (reluctantly) Turkiye, did not solve the “moderate rebel” problem. Now they’re back – in full force, supported by a vast Rent-a-Jihadi mob, with NATOstan Intel behind them. Some things never change.

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Too late now?!

Russia Warns Against Geopolitical Use of Terrorists in Syria’s Conflict (Sp.)

The offensive by the Hayat Tahrir al-Sham (HTS)* terrorist group in Syria has been long in the making, and Russia will oppose attempts by the militants to alter the situation in the Syrian Arab Republic (SAR), Russian Foreign Minister Sergey Lavrov said. Moscow has called for restraint from all parties in the unraveling conflict in Syria. “The situation has sharply escalated in recent days due to the clearly premeditated aggressive offensive on government forces by Hayat Tahrir al-Sham (former Al-Nusra Front*), an organization designated by the UN Security Council as a terrorist group, which has been joined by several smaller factions,” Lavrov said during a press conference following his visit to Doha. He emphasized the urgent need to stop the hostilities and said that Russia would actively oppose any attempts by HTS militants to change the situation on the ground in Syria.

“We are absolutely convinced of the inadmissibility of using terrorists like Hayat Tahrir al-Sham to achieve geopolitical goals, as is happening now with the organization of this offensive from the Idlib de-escalation zone,” Lavrov explained during a session at the Doha Forum. The main task now in the situation surrounding Syria, according to Lavrov, is to halt the clashes. UN Special Envoy for Syria Geir Pedersen has promised to involve influential external actors to stop the fighting and resume negotiations between the government and opposition, Lavrov added. The top Russian diplomat also reiterated Moscow’s efforts to counteract terrorism in Syria: “We are doing everything to prevent terrorists from gaining the upper hand, even if they claim that they are no longer terrorists.” “On the military front, Russia is helping the Syrian army with support from the [Russian Aerospace Forces], based in Khmeimim, and we assist the Syrian army in repelling terrorist attacks,” he added.

Additionally, Lavrov stated that Russia, along with Iran and Turkiye, will take steps to ensure that calls for de-escalation in Syria are heard. The terrorist group Hayat Tahrir al-Sham, along with several armed factions from the so-called Syrian armed opposition, launched a large-scale operation on November 29, advancing from northern Idlib towards the cities of Aleppo and Hama. By the following day, November 30, the second-largest city in Syria, Aleppo, along with its surroundings, including the international airport and the Kuweires military airbase, came under the control of the terrorists. This marked the first time that the militants had fully taken over Aleppo since the beginning of the Syrian crisis in 2011. Until late 2016, the armed opposition controlled only the eastern part of the city, which was recaptured by the Syrian army with Russian air support.

After the capture of Aleppo, the terrorist units attempted to advance towards the city of Hama, capturing the town of Maaret al-Numan. The Syrian army fought off heavy terrorist attacks in the Hama province from three directions for several days, preparing for a counteroffensive. However, on December 5, the SAR military command officially announced the redeployment of its units from the city of Hama. The city of Hama, located in central Syria, has been under the control of the Syrian army throughout the conflict, which began in the spring of 2011. Hama holds strategic geographic importance, lying between the provinces of Homs and Damascus and connecting through mountain ranges to the Latakia province. The last attempt at an armed insurgency by radical Islamist underground forces, supported by the Muslim Brotherhood*, in Syria’s fourth-largest city took place in 1982. At that time, thanks to prompt action by the Syrian military command, the city was freed from terrorist groups, and control was restored to official authorities.

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They must have known what would happen.

Russia, Iran Call For ‘Internal Dialogue’ To Resolve Crisis In Syria (Cradle)

The Foreign Ministers of Russia, Turkiye, and Iran on 7 December called for an immediate end to hostilities in Syria and for ‘”internal dialogue” between the Syrian government and the “legitimate opposition.” “We called for an immediate end to hostile activities … and for this purpose called for the dialogue between the government and legitimate opposition,” Russian Foreign Minister Sergei Lavrov stated during talks in the Qatari capital, Doha. “We stated, all of us, that we want the [United Nations] Resolution 2254 to be fully implemented,” Lavrov added. Resolution 2254 calls for a commitment to the “sovereignty, independence, unity and territorial integrity” of Syria and an end to the conflict through “an inclusive and Syrian-led political process.” Lavrov did not specify which opposition forces Russia regarded as legitimate but made clear it considered Hayat Tahrir al-Sham (HTS) a terrorist group.

HTS is led by Abu Mohammad al-Julani, a former deputy of the notorious ISIS leader Abu Bakr al-Baghdadi. Formerly known as the Nusra Front, HTS now claims it is no longer a sectarian Salafi-Jihadi group and welcomes ethnic and religious diversity in Syria. Western media is now promoting HTS, which includes many foreign fighters and remains on the US terror list, as moderates that will protect Syria’s religious minorities. During the US-led covert war on Syria that began in 2011, the Nusra Front and ISIS carried out large numbers of massacres of Christians, Shiites, Alawites, Yezidis, and even Sunnis who were supportive of the governments of Iraq and Syria. HTS and the Turkish-backed Syrian National Army (SNA) launched an invasion of the Aleppo countryside on 27 November. In the past ten days, they have captured two of Syria’s largest cities, Aleppo and Hama.

HTS and SNA militants are now gathering their forces at the edge of Homs City in preparation for an assault. In Doha, Foreign Minister Lavrov stated further, “It’s inadmissible to allow the terrorist group to take control of territory in violation of agreements.” Asked how the situation in Syria would develop and what would happen to Russian military bases there, Lavrov said he was “not in the business of guessing.”

Russia has an airbase in Latakia and a key naval base in Tartous. Iranian Foreign Minister Abbas Araghchi similarly called for “political dialogue” between the Syrian government and the “opposition groups” that are now threatening Damascus. Araghchi said that the parties in Doha agreed to initiate “political dialogue between the Syrian government and the legitimate opposition groups.” For its part, a Turkish foreign ministry source emphasized the importance of restarting the Syrian political process during the talks with Russia and Iran in Doha. The source added that the talks were constructive.

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He’s right. Exposing the real EU.

Romanian Presidential Frontrunner Claims He’s Victim Of Coup D’état (RT)

The invalidation of Romania’s presidential election results by the country’s top court is a formalized coup d’etat, according to independent candidate Calin Georgescu, who clinched a surprise win in the first round last month. Georgescu outperformed the other candidates in the first round of the election with 22.94%, beating out liberal leftist candidate Elena Lasconi, who received 19.18%, and the country’s Social Democrat Prime Minister Marcel Ciolacu, who finished third with 19.15%. On Friday, Romania’s Constitutional Court dismissed Georgescu’s victory, citing a clause in the nation’s laws that emphasizes the need to ensure the correctness and legality of the election. The judiciary body announced that the whole process would be resumed later.

“Essentially, this is a formalized coup d’etat. The rule of law is in an induced coma, and justice subordinated to political orders has practically lost its essence. It is no longer justice, it obeys the orders,” Georgescu, a known critic of Romania’s pro-NATO and pro-Ukraine policy, said on Friday, as cited by Realitatea TV. The politician also stressed that the court’s decision represents more than a legal controversy, adding that “the corrupt system in Romania showed its true face by making a pact with the devil.” Georgescu also said that the power of the people is the basis for a democratic state, and the authorities are obliged to respect the results of the national vote. He stated that the current Romanian government is afraid of losing power and facing revelations.

Earlier this week, Western media outlets reported that declassified information from Romania’s intelligence agencies had revealed that the sudden rise of Georgescu in the first round of the election was “not a natural outcome.” According to the claims, his win emerged thanks to a coordinated social media effort, most likely orchestrated by a “state actor” meddling in the candidate’s mostly Tik-Tok-based campaign, helping to get his message out to the voters. The annulment came amid accusations that Moscow had assisted Georgescu’s campaign, which Russian Foreign Ministry spokeswoman Maria Zakharova has dismissed as “absolutely groundless.” She said that Romanian elections are carried out in a climate of “an unprecedented surge of anti-Russian hysteria” that is set “to influence the consciousness and will of the country’s citizens.” Washington, meanwhile, has praised the move. On Friday, State Department spokesman Matthew Miller said that the US reaffirms its “confidence in Romania’s democratic institutions and processes, including investigations into foreign malign influence.”

Calin

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“It’s an epic battle of light and darkness, Hobbits and Orcs, almost as if lifted straight from a fantasy novel..”

France Is A Perfect Example Of Centrist Elites Wrecking The West (Amar)

In the most immediate terms, Macron’s reckless early-election gamble in the summer and his devious and undemocratic maneuvering to keep out the victorious Left after his party’s predictable trouncing, has left France, in effect, ungovernable. Barnier’s predictable failure makes no difference to that fact. Fresh parliamentary elections, once again, would probably not help either. And anyhow, they are ruled out by the constitution before next summer. Macron will now try out yet another prime minister, number six since he became president. That is a high attrition rate: In 7 years, the would-be embodiment of “institutional stability” has gone through as many heads of government as De Gaulle in 19 years. It’s also an accelerating attrition rate: Macron’s prime ministers get used up ever faster. The future will show if this trend can be broken. If so, then not because of but despite the president’s baneful influence.

As a French commentator noted, he won’t provide a solution, but he can still cause a lot of problems. There are good reasons for declaring this moment the death of Macronism. Its core project of leaving behind the politics of left and right and replacing them with a combination of Centrism and a “Jupiterian” (Macron’s own, early term) personality cult now lies in tatters. Specifically, Macronism’s claim to, at the very least, stave off the populist right of Marine Le Pen’s Rassemblement National (RN) is a sad joke: No matter what you think about the RN, there is no doubt that its power has never been as great as now, and its chances of capturing the presidency, with or without Marine Le Pen in the lead, have never been better. Macron has become the Biden of France: in both cases, while building their rule on a promise to keep out right-populist challengers, the two presidents’ incompetence and egotism has facilitated the rise of those challengers.

And how do the French feel in the midst of all of this? Spoiler alert: Not grand. According to French newspaper Le Monde’s summary of comprehensive polling by Ipsos, France is a “country anxious and discontent, hit by a political crisis,” and bereft of trust in its “political personnel and institutions.” In terms of their individual experiences, only 50% are content, 70% believe that the conditions of their life are “less and less favorable,” and 55% say they find it hard to make ends meet. Regarding their country as a whole, a whopping 87% consider it in decline, which is 18% worse than when Macron was elected for the first time in 2017: National slow claps for “Jupiter.” But the rest of the political elites don’t look much better: Solid, even preponderant majorities consider them “corrupt” (63%), “not representative” (78%), and out for their own, personal good (83%).

In principle, there’s a difference between being miserable and being afraid. But the two states of mind go together really well, too: Almost all of the French (92%) have a bad feeling they are living in a “violent society”, and almost a third think “very violent” is the more precise term. You may say things could hardly get worse. Yet the French firmly believe they can: 89% see violence on the rise, and the majority of those respondents (61%) think it is rising “a lot.” In sum: A selfish boss from hell (who could fire himself but swears he won’t), no functioning government, a tanking economy, and a mood like there’s no tomorrow. How did that happen to the “Grande Nation”? This is where we get back to the third factor mentioned above: the overarching historic trend. Let’s zoom out from unhappy France and small-minded, selfish Macron, and what we are seeing is an exemplary case of Centrism ruining a country.

True, you would never guess that if you relied on, for instance, The Economist. There, the same old, tired, and dim story is relentlessly told: How a heroic “center” and its stalwart defenders are resisting (or not so much) dastardly attacks from the “populists” and “extremists.” It’s an epic battle of light and darkness, Hobbits and Orcs, almost as if lifted straight from a fantasy novel. It even features glorious last stands: For the New York Times, Britain’s Keir Starmer, “one of the last centrist leaders on the global stage” is “trying to fight populism from the lonely center.” “Remember the Alamo,” I guess.

And yet, look at the real world: Clinton, Biden, Harris, Scholz, Macron, to name only a few – What do they all have in common? They stand for the failed, rejected project of elitist Centrism, dragging down their countries. For a stubborn, snobbish, and manipulative style of politics, complete with lawfare, mass media campaigns of calumny and disinformation, incipient authoritarianism and police-state methods, a dead-end foreign policy of blaming others (Russia and China most of all) for their countries’ problems and decline, and a resolute surrender to the forces of “the market,” which, here, is simply code for globalized capitalist interests.

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1/ Pop=Joe.

2/ Pop goes the value.

Pop Art: The Value of Hunter Biden’s Art Expected to Collapse (Turley)

We have previously discussed the controversy surrounding Hunter Biden’s art sales. Many viewed the art as another avenue for political allies to funnel money to the Bidens. That was reinforced when it was discovered that the lucrative sales heralded by Hunter’s allies were found to have been largely the results of purchases by his “sugar bro” Kevin Morris. Now, experts say that whatever value is left in Hunter’s art will likely collapse with his father’s departure — the clearest indicator of the actual value of the art for “investors.” Hunter’s art appears to be moving from an impressionistic to a harsh realism period. Georges Bergès, Hunter Biden’s art gallerist, contradicted claims of the White House on the handling of the art. Hunter reportedly knew who purchased roughly 70% of the value of his art, including Democrat donors Morris and Elizabeth Hirsh Naftali.

While Biden allies hyped the sales to show that Hunter was a legitimate artist, Bergès admitted that Morris actually purchased most of the art. Morris has reportedly given Hunter millions to cover unpaid taxes and expenses. Hunter only sold paintings to ten people for $1.5 million, according to congressional testimony from 2024. Morris bought 11 works for $875,000 in total. The drop in the value of art reflects not the volatile art market but the fluctuating influence peddling market. The Bidens are finally cashing out of Washington. In the meantime, Hunter is facing a bizarre claim from one of his debt holders that, in return for allegedly walking out on over a year of rent, Hunter sent him art made with his own feces to sell. Shaun Maguire claims that Hunter rented his $4.25 million home in California in 2019. When Hunter’s lawyers denied the story, he posted pictures on social media.

Without getting into the merits of this claim, the question is whether Hunter will sue for defamation. I was previously threatened with a defamation lawsuit for discussing the scandal involving Morris. I continued to write about the allegations (and the threat of a lawsuit) but was never sued. It was an example of the scorched Earth approach of the Hunter team. This is such a bizarre story that it is hard to imagine that it could be true. Conversely, Maguire must have known of the litigious reputation of the Biden team when he decided to go public with this claim. If this story is untrue, it could constitute defamation per se as a statement that impugns his professional and business reputation. A simple testing of the art would tend to establish the truth of the matter. However, there is no indication of any demand for a retraction or notice to sue. Hunter generally has two years for such a lawsuit, but California has a shorter one-year period.

In the meantime, Hunter has pledged to continue to do his art after his father granted him a sweeping pardon for any crimes committed in the last ten years. Given his past excessive spending on a lavish lifestyle, the art alone does not appear to be a viable source of income. However, Morris has helped create a new movie based on his life. Hunter reportedly celebrated the pardon by watching an early showing of the film. In the end, Hunter’s work may be the ultimate Pop art, work that only holds value so long as Pop is in power. Of course, if Nietzsche was right that “the essence of all beautiful art…is gratitude,” Hunter has much to be grateful for. For past and prospective buyers, perhaps less so.

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Regretting his French passport more than ever…

Durov Subjected To First Detailed Questioning In Court (RT)

Telegram founder Pavel Durov has been questioned by a Paris court for the first time on the charges against him, more than three months after his arrest, AFP news agency reported on Friday, citing an unnamed source. Previous court hearings had focused on procedural issues relating to the terms of the tech billionaire’s detention. The charges against Durov relate to the alleged involvement of the messaging platform in a wide range of criminal activities. Durov reportedly arrived at the court accompanied by two lawyers, David-Olivier Kaminski and Christophe Ingrain. The entrepreneur said he “trusts French justice,” but refused to comment on the progress of the case or the charges against him. The Russian national, who is also a citizen of France, the UAE and Saint Kitts and Nevis, was arrested after landing in Paris on August 24.

Durov was charged with multiple offenses, including complicity in distributing child pornography, and enabling drug dealing and money laundering. The charges stem from accusations that Telegram’s lax moderation rules allow for the widespread misuse of the messenger service. The billionaire was later released on bail of €5 million ($5.5 million), but has been barred from leaving France while his case is ongoing. Some of the charges against him could carry sentences of up to ten years. Durov has vehemently denied the allegations. In October, the entrepreneur revealed that the messenger service had been complying with privacy policies in several countries, and had been disclosing information about criminals to authorities for the past six years.

According to one of Durov’s lawyers, as cited by the French news agency, it was “absurd” to think that his client was “involved” in crimes committed via the messaging platform. An unnamed source close to the investigation told AFP that the entire legal procedure was having a positive effect in France and elsewhere, as Telegram has begun responding to legal requisitions more actively. Commenting in August on Durov’s detention, Kremlin spokesman Dmitry Peskov highlighted the absurdity of holding the entrepreneur accountable for crimes committed using his network. Peskov quipped that Paris could use the same grounds to arrest the CEOs of Renault or Citroën, as terrorists use cars.

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McCullough RFK

 

 

Cancer
https://twitter.com/i/status/1865082844680175821

 

 

AOC
https://twitter.com/i/status/1865215257943146917

 

 

Sand cat

 

 

 

 

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Nov 032019
 
 November 3, 2019  Posted by at 9:22 am Finance Tagged with: , , , , , , , , ,  20 Responses »


Salvador Dali Nymphs in a romantic garden 1921

 

UK Spy Agencies Found No Evidence Of Russian Brexit Interference (BF)
Pelosi Warns 2020 Candidates They’re On The Wrong Track (ZH)
Assad Calls Trump “Best US President” Ever For “Transparency” (ZH)
Britain Ignores Assange Medical Appeal: UN (AAP)
Saudi Arabia Kick-Starts Aramco IPO (R.)
Global Shipping Container Rates Plunge (ZH)
Labour Plans To Make 27 Million Homes Energy Efficient (G.)
Don’t Drive Electric Cars, Ignore Paper Bags & Forget About Organic Food (RT)
Captain Siya Kolisi Wants To ‘Inspire Every Kid’ In South Africa (BBC)

 

 

How nutritious are those nothingburgers? At some point you get concerned for these peoples’ metabolism.

“Two sources told BuzzFeed that British intelligence found no evidence of Russian meddling in either the 2016 referendum vote or the 2017 general election.”

Russophobia is even stronger in Britain than in the US, so they’ll find a way to twist this, don’t worry.

UK Spy Agencies Found No Evidence Of Russian Brexit Interference (BF)

The UK’s intelligence agencies have found no evidence that the Russian state interfered in the outcome of the Brexit referendum and the 2017 general election, according to two sources with direct knowledge of the findings in an as-yet-unpublished report from Parliament’s Intelligence and Security Committee. One of the sources told BuzzFeed News the finding was categorical. The report, titled simply “Russia”, is at the centre of a row between some MPs and Downing Street after the committee’s chair, former attorney general Dominic Grieve, urged Boris Johnson to release the report ahead of the Dec. 12 general election, arguing that it was “really unacceptable for the prime minister to sit on it”.


The committee sent the report to Johnson’s office on Oct. 17. It will not be released before the election unless it is cleared for publication by the beginning of next week before Parliament is dissolved for the campaign. Raising a point of order in the House of Commons on Thursday, Grieve expressed regret that the report had not already been cleared for publication by the prime minister. He continued: “We thus have a committee of Parliament waiting to lay before the House a report that comments directly on what has been perceived as a threat to our democratic processes. Parliament and the public ought to and must have access to this report in the light of the forthcoming election, and it is unacceptable for the prime minister to sit on it and deny them that information.”

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Nancy finds herself stuck in her impeachment call. She’s smart enough to see how bad a call that was. And she’s old enough that she should never have been in her present role. But you know, power calls. She should be handing over the baton to a younger crowd, but she has no idea what they are thinking, and those are her own words.

Thing is, by her and her ilk not being grandmas and grandpas as they should, they force the young ‘uns into more radical positions just to have any voice at all. And by insisting on staying, she creates the space for self-imploding devices like Adam Schiff to move themselves forward into the limelight they so desperately crave. Spend more time with the family, Nancy, you’re making it too easy for Trump.

Pelosi Warns 2020 Candidates They’re On The Wrong Track (ZH)

House Speaker Nancy Pelosi thinks Democrats running for president in 2020 might strike out against Trump with ultra-liberal policies that fire up the party’s progressive base, yet might not go over so well with swing voters in flyover states. Proposals pushed by Elizabeth Warren and Bernie Sanders like Medicare for All and a wealth tax play well in liberal enclaves like her own district in San Francisco but won’t sell in the Midwestern states that sent Trump to the White House in 2016, she said. -Bloomberg “What works in San Francisco does not necessarily work in Michigan,”Pelosi said in a wide-ranging interview with Bloomberg. “What works in Michigan works in San Francisco — talking about workers’ rights and sharing prosperity.” “Remember November,” she added. “You must win the Electoral College.”

And while she didn’t back any particular candidate running for office, Pelosi said Democrats should be focusing on “lower costs of prescription drugs, bigger paychecks by building infrastructure, and cleaner government.” She also worries that candidates like Warren and Sanders are going down the wrong track by trying to ‘out-left’ each other to court fellow progressives while abandoning moderate voters that the party needs to win back from Trump. “As a left-wing San Francisco liberal I can say to these people: What are you thinking?” Pelosi said. “You can ask the left — they’re unhappy with me for not being a socialist.” Pelosi also expressed concerns that voters don’t care about the Green New Deal promoted by Bernie Sanders and Elizabeth Warren, which calls for rapid, radical reductions in carbon emissions.

“There’s very strong opposition on the labor side to the Green New Deal because it’s like 10 years, no more fossil fuel. Really?” said Pelosi. “The speaker’s concerns reflect those of many Democratic leaders and donors who believe that left-wing policies will alienate swing voters and lead to defeat. Warren and Sanders are betting on a different theory — that voters who float between parties are less ideological and can be inspired to vote for candidates who represent bold new change in Washington. Pelosi said Democrats should seek to build on President Barack Obama’s Affordable Care Act instead of pushing ahead with the more sweeping Medicare for All plan favored by Warren and Sanders that would create a government-run health care system and abolish private insurance.” -Bloomberg

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“All American presidents commit crimes and end up taking the Nobel Prize..”

Assad Calls Trump “Best US President” Ever For “Transparency” (ZH)

Arguably some of the most significant events since the eight-year long war’s start have played out in Syria with rapid pace over just the last month alone, including Turkey’s military incursion in the north, the US pullback from the border and into Syria’s oil fields, the Kurdish-led SDF’s deal making with Damascus, and the death of ISIS leader Abu Bakr al-Baghdadi. All of this is why a televised interview with President Bashar Assad was highly anticipated at the end of this week. Assad’s commentary on the latest White House policy to “secure the oil” in Syria, for which US troops have already been redeployed to some of the largest oil fields in the Deir Ezzor region, was the biggest pressing question.


The Syrian president’s response was unexpected and is now driving headlines, given what he said directly about Trump, calling him the “best American president” ever – because he’s the “most transparent.” “When it comes to Trump you may ask me a question and I’ll give you an answer which might seem strange. I tell you he’s the best American president,” Assad said, according to a translation provided by NBC. “Why? Not because his policies are good, but because he is the most transparent president,” Assad continued. “All American presidents commit crimes and end up taking the Nobel Prize and appear as a defender of human rights and the ‘unique’ and ‘brilliant’ American or Western principles. But all they are is a group of criminals who only represent the interests of the American lobbies of large corporations in weapons, oil and others,” he added.

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Laws broken all around and all the time.

Britain Ignores Assange Medical Appeal: UN (AAP)

The British government has ignored an urgent medical appeal for imprisoned WikiLeaks founder Julian Assange, a UN expert says. UN rapporteur on torture Nils Melzer says Britain has taken no action since he and medical experts visited Assange at a London prison in May. They found Assange displaying “all the symptoms typical for prolonged exposure to psychological torture”. “However, what we have seen from the UK government is outright contempt for Mr Assange’s rights and integrity,” Melzer said in a statement on Friday. “Despite the medical urgency of my appeal, and the seriousness of the alleged violations, the UK has not undertaken any measures of investigation, prevention and redress required under international law.” Melzer urged Britain on Friday to block the extradition and release Assange.

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As long as there’s no IPO, any valuation can be used. But on moral grounds too, this should be boycotted.

Saudi Arabia Kick-Starts Aramco IPO (R.)

Saudi Arabia kick-started Aramco’s initial public offering (IPO) on Sunday as its market regulator approved the oil giant’s application to list on the domestic bourse and create the world’s most valuable listed firm. A statement from the Capital Market Authority (CMA) did not give a time frame or say how much Aramco would sell, but sources have told Reuters the oil company could offer 1% to 2% of its shares on the local bourse, raising as much $20 billion to $40 billion. Confirmation of the share sale in Saudi Arabian Oil Co., or Aramco, as the oil giant is usually known, comes about seven weeks after crippling attacks on its oil facilities, underlining Saudi Arabia’s determination to push on with the listing regardless.


The IPO of the world’s most profitable company is designed to turbo charge Crown Prince Mohammed bin Salman’s economic reform agenda by raising billions to diversify the kingdom, whose dependency on oil was highlighted by the production impact of the Sept. 14 attacks. [..] Prince Mohammed gave the green light on Friday for the IPO to go ahead, Reuters reported, citing sources. Although he put a $2 trillion valuation on the company in early 2016, bankers and company insiders say Aramco’s value is closer to $1.5 trillion.

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Tyler: “..Trump’s non-stop fake trade news tweeting..”

Global Shipping Container Rates Plunge (ZH)

President Trump’s non-stop fake trade news tweeting has indeed decoupled the market from focusing on worsening macro and fundamentals. Teddy Vallee, CIO of Pervalle Global, has spotted an alarming downtrend in the Freightos 40 ft. Global Shipping Container Rate. Vallee has likely found an accurate barometer of global economic activity, now plunging in the last two months. “The move in container shipping rates is consistent with the continued deterioration in raw industrial commodities, China’s official PMI, China’s steel PMI, as well as market internals such as industrials relative to the S&P500,” Vallee said.


Freightos 40 ft. Global Shipping Container Rate started to trough in 1H19. The narrative back then was the global/US economy would rebound in 4Q19 and soar in 2020. But with 61 days left in 4Q, macroeconomic headwinds continue to mount across the world as global container rates plunge to new lows on the year, suggesting a global/US economic revival is nowhere to be found. With no signs of a global recovery, market participants will once again be jawboned back to reality, or as some have called it: a ‘macro matters’ event — the only question is finding the trigger that brings everybody out of the fake trade news daze spurred by the Trump administration.

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Too many questions about this. What are the building standards they aim to use? And retrofitting 27 million homes will result in only 450,000 jobs, over a decade?

But most of all, when someone says things like “..we face the threat of a hostile and dying planet. But Labour will turn that threat into an opportunity..”, tell them to get lost. We can’t heal the planet for profit. That’s just empty PR.

Labour Plans To Make 27 Million Homes Energy Efficient (G.)

Labour is claiming to have drawn up plans for the biggest overhaul of housing since the second world war, with a plan to instal loft insulation, double glazing and renewable technologies in almost all of the UK’s 27 million homes. The party says that the Warm Homes for All scheme will create 450,000 jobs over the next decade. Under the plans, low-income households would be able to apply for a grant, paying no upfront costs. They would keep most of the savings on their bills, though part would be used to pay for a proportion of the work. Wealthier households would be able to claim interest-free loans for the work, with the loans claimed back through their bills.

Labour said that, through the scheme, 6.34 million homes would have heat pumps and 5.3 million homes would have solar thermal systems by 2030. The party said the UK’s housing stock was among the worst insulated in Europe, with building electricity and heat use the biggest source of emissions in Britain. The party said the waste was costing households billions of pounds and pushing 3.5 million of them into fuel poverty. However, there are significant costs implied by the scheme. Labour calculates that delivering essential upgrades to the UK’s entire housing stock will cost about £250bn, or an average of £9,300 per house. [..]

Jeremy Corbyn said: “If we don’t radically change course we face the threat of a hostile and dying planet. But Labour will turn that threat into an opportunity. We will tackle the climate crisis by putting wealth in the hands of the many not the few, with lower bills and more good jobs. “By investing on a massive scale, we will usher in a green industrial revolution with good, clean jobs that will transform towns, cities and communities that have been held back and neglected for decades.

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Not a terribly strong article at RT, but we must remind people that Green has become a major marketing ploy. Beware.

Don’t Drive Electric Cars, Ignore Paper Bags & Forget About Organic Food (RT)

Renewable energy, hailed as the answer to the world’s petrochemical dependency, is not the cure-all it is depicted as. Solar power, for example, creates no carbon emissions once the solar panels are up and running, but their manufacture is a toxic mess. Produced with the carcinogenic, mutagenic heavy metal cadmium and requiring billions of liters of water to manufacture and cool, solar cells have their own dark side seldom examined in discussions of the impending shift to renewable energy. Electric cars have become a symbol of environmental progress, with companies that produce them receiving government subsidies in many countries. But more energy is consumed in the production of an electric car than a gas-powered vehicle, and a 2011 study found the carbon footprints of both vehicles to be about the same.


Electric cars may not produce emissions while driving, but they’re only as green as the electricity used to charge them. Worse, the batteries they use are loaded with toxic metals like lithium, copper, and cobalt. Mining these substances devastates the environment, and improper disposal of used batteries can cause them to leak back into nature. Biomass and biofuels certainly sound environmentally friendly – how can you go wrong with “bio” in the name – but it actually generates more carbon emissions than fossil fuels to create the same amount of energy. Substances burnable under the aegis of “biomass” can include anything from timber waste to garbage, meaning it can burn clean or litter the atmosphere with pollutants. And even burning ‘clean’ wood means cutting down trees – hardly environmentally friendly.

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South Africa won the rugby World Cup on Saturday. I’m not a rugby fan, but I did see the British crowds in a sports bar from across the street. The story behind it is far more interesting though. 30 years after Mandela, very little has improved.

“It’s easy to talk about going through hard times and struggling to get opportunities, but it’s tough to tell people that there were days when I didn’t have food or shoes to wear..”

Captain Siya Kolisi Wants To ‘Inspire Every Kid’ In South Africa (BBC)

Kolisi, who grew up up in a poor township of Zwide, just outside Port Elizabeth on the Eastern Cape, flew his father abroad for the first time to watch him represent his country in Japan. He added: “You can never forget where you come from or the people who have helped you get here so I just wanted to celebrate with him [his father]. “Growing up, I never dreamed of a day like this at all. When I was a kid all I was thinking about was getting my next meal.” The skipper said coach Rassie Erasmus told the players they were not just playing for themselves, but for all of South Africa. The country is suffering an economic crisis with unemployment at 29% and Kolisi said he has “never seen south Africa like this”.

Springbok try scorers Makazole Mapimpi, who also comes from a poor township like Kolisi, and Cheslin Kolbe are both black and the skipper said his side’s performance shows how “different races can come together”. An emotional Mapimpi, who scored the Springbok’s first try in their third World Cup final, was also in reflective mood after the full-time whistle, saying he had come a “long way”. “I’m blessed,” he said. “I’m from the rural areas. “I didn’t make the South Africa schools [team]. It means a lot for me, but also for the boys who didn’t go to private schools. “A lot of things happen in South Africa that affect us and we fight to push those things away. South Africa coach Erasmus echoed his captain’s comments, saying rugby is “privilege” after leading his country to glory in his first World Cup as coach.

“In South Africa pressure is not having a job, pressure is one of your friends being murdered,” he said. “Rugby shouldn’t be something that creates pressure on you, it brings hope. “Hope is when you play well and people watch you on Saturday, have a nice barbecue and watch the game and feel good after.” “It’s easy to talk about going through hard times and struggling to get opportunities, but it’s tough to tell people that there were days when I didn’t have food or shoes to wear,” he said. “And when you sit down and think about it clearly, and think there was a stage when Siya went through stuff like that, then he sits here as captain holding this trophy. “That should sum up what Siya is.”

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Jul 042019
 


Odilon Redon The Birth of Venus II c.1910

 

How do you define terror? Perhaps, because of the way the term has evolved in the English language, one wouldn’t call the west ‘terrorists’ per se, but ‘we’ are certainly spreading terror and terrorizing very large groups of people. Yeah, bring on the tanks and parade them around town. Add a marching band that plays some war tunes.

The ‘official’ storyline : at the request of the US, Gibraltar police and UK marines have seized an oil tanker in Gibraltar. The super-tanker, 1000 feet (330 meters) long, carrying 2 million barrels, had stopped there after sailing all around the Cape of Good Hope instead of taking the Suez canal on its way, ostensibly, from Iran to Syria.

And, according to the storyline as presented to and in the western press, because the EU still has sanctions on Iran, the British seized the ship. Another little detail I really appreciate is that Spain’s acting foreign minister, Josep Borrell, said Madrid was looking into the seizure and how it may affect Spanish sovereignty since Spain does not recognize the waters around Gibraltar as British.

That Borrell guy is the newly picked EU foreign policy czar, and according to some sources he’s supportive of Iran and critical of Israel. Them’s the webs we weave. He’s certainly in favor of Palestinian statehood. But we’re wandering…

Why did the tanker take that giant detour along the African coastline? Because potential problems were anticipated in the Suez canal. But also: why dock in Gibraltar? Because no problems were anticipated there. However, the US had been following the ship all along, and set this up.

A trap, a set-up, give it a name. I would think this is about Iran, not about sanctions on Syria; that’s just a convenient excuse. Moreover, as people have been pointing out, there have been countless arms deliveries to Syrian rebels in the past years (yes, that’s illegal) which were not seized.

 

The sanctions on Syria were always aimed at one goal: getting rid of Assad. That purpose failed either miserably or spectacularly, depending on your point of view. It did achieve one thing though, and if I were you I wouldn’t be too sure this was not the goal all along.

That is, out of a pre-war population of 22 million, the United Nations in 2016 identified 13.5 million Syrians requiring humanitarian assistance; over 6 million are internally displaced within Syria, and around 5 million are refugees outside of Syria. About half a million are estimated to have died, the same number as in Iraq.

And Assad is still there and probably stronger than ever. But it doesn’t even matter whether the US/UK/EU regime change efforts are successful or not, and I have no doubt they’ve always known this. Their aim is to create chaos as a war tactic, and kill as many people as they can. How do you define terror, terrorism? However you define it, ‘we’ are spreading it.

That grossly failed attempt to depose Assad has left Europe with a refugee problem it may never be able to control. And the only reason there is such a problem is that Europe, in particular Britain and France, along with the US, tried to bomb these people’s homelands out of existence. Because their leaders didn’t want to conform to “our standards”, i.e. have our oil companies seize and control their supplies.

 

But while you weren’t looking some things changed, irreversibly so. The US and Europe are no longer the undisputed and overwhelming global military power they once were. Russia has become a target they cannot even consider attacking anymore, because their armies, assembled in NATO, wouldn’t stand a chance.

China is not yet at the ‘might’ level of Russia, but US and NATO are in no position to attack a country of 1.4 billion people either. Their military prominence ended around the turn of the century/millennium, and they’re not going to get it back. Better make peace fast.

So what we’ve seen for a few decades now is proxy wars. In which Russia in particular has been reluctant to engage but decisive when it does. Moscow didn’t want to let Assad go, and so they made sure he stayed. Syria is Russia’s one single stronghold in the Middle East, and deemed indispensable.

Meanwhile, as over half of Syrians, some 11 million people, have been forced to flee their homes, with millions of them traumatized by war, ‘we’ elect to seize a tanker allegedly headed for a refinery in the country, so we can make sure all those people have no oil or less oil for a while longer.

So the refugees that do have the courage and will to return will find it that much harder to rebuild their homes and towns, and will tell those still abroad not to join them. At the same time Assad is doing fine, he may be the target of the sanctions but he doesn’t suffer from them, his people do.

 

Yes, let’s parade some tanks around town. And let’s praise the heroic UK marines who seized an utterly defenseless oil tanker manned by a bunch of dirt-poor Philippinos. Yay! There is probably some profound irony that explains why Trump and Bolton and Pompeo want a military parade at the very moment the US military must concede defeat in all theaters but the propaganda one.

Still there it is. The only people the US, the west, can still credibly threaten, are defenseless civilians, women, children. The leaders of nations are out of reach. Maduro, Assad, let alone Putin or Xi.

Happy 4th of July. Not sure how independent you yourself are, but I can see a few people who did achieve independence from western terror. Just not the poor, the ones that count. But don’t look at the tanks, look at the wind instead. The winds are shifting.

 

 

 

 

Jun 292018
 
 June 29, 2018  Posted by at 1:19 pm Finance Tagged with: , , , , , , , , , , ,  5 Responses »


René Magritte Mysteries of the horizon (a.k.a. The Masterpiece) 1955

 

Don’t know if you noticed, but the Trump-Putin summit in Helsinki on July 16 takes place one day after the soccer World Cup final, Sunday July 15. Now it seems clear that Trump doesn’t care about soccer, though he apparently knows Christiano Ronaldo, but that factoid is significant because the World Cup takes place in Russia.

It’s amusing to contemplate that Putin told Trump’s people he would love to meet with his counterpart, but not until after the Cup Final. So they settled on the very next day.

The same people who now express worries about the summit, also had worries about the nasty things that could happen to players and supporters in Moscow and other cities. There has not been one single incident. No police violence, no hooliganism, the stadiums are beautiful, the organization is pitch perfect. There’s been only sunshine, too.

The only problem reported in the media was that some cities ran out of beer, because the Russians hadn’t expected the Aussies and British to drink as much of the stuff as Russians themselves do. They probably didn’t expect them to show up in such large numbers either. But those Russians don’t see a real problem: “we always have enough vodka”.

 

Patrick Lang called the fact that Trump sent uber-neocon John Bolton to Moscow to organize the summit a stroke of genius. The man who wants WWIII more than anyone must now make sure a summit that may serve to prevent it, successful. But what does Trump really want? And what do the neo-cons want?

First off, US and Russian presidents should meet all the time. It’s beyond reason that Trump has been in the saddle almost a year and a half without such a summit. Trumped up allegations of election meddling in about half the nations on the planet, about poisonings in Britain and about chemical weapons in Syria, have prevented a summit so far.

It looks like Trump got tired of all that. But of course all we’ll see the next two+ weeks is more ‘Trump is Putin’s lapdog’ memes. While there are very serious issues to be discussed. A major one, undoubtedly, is Syria. There has been a lot of movement politically on that.

The US has indicated it will no longer support the Syrian rebels. It has acknowledged that regime change, and removal of Assad, is not going to happen. Because Russia will not leave Assad to fend for himself.

 

There are signs that another false flag chemical attack in the country is being prepared, but if that happens before July 16, Trump himself will jump in to condemn the nonsense. He wants the meeting, and he wants it bad. As he should, and not for some nefarious reason.

Regime change in Syria is off the calendar because of Putin. Regime change in Iran, apparently still on that calendar, will also fail because while Putin may -but just may- be willing to give in, China will not. And not even a Saudi-US-UAE-Israel cabal can withstand both China AND Russia. Those days are over.

The neocons are way behind the action. They think in terms of something that has long since passed its best before date. Yeah, wonder how John Bolton sees these things these days. Maybe he had a crash course upon entering the White House.

But let’s not kid ourselves: the US warmonger faction may be outdated, they are still very powerful and very present. They can still attempt to force Trump’s hand with a false flag here or there. Their plans to conquer Russia, though, will have to be shelved for now. Or do they?

Tyler Durden has a lengthy report on the proposed spending in Europe by the US military. I won’t get into the details (tons of infrastructure spending close to Russian borders), but here’s the money shot:

 

The request for additional funding would more than double the military’s infrastructure projects under the European Deterrence Initiative (EDI), from the 2018 request, when just a few years ago, the Pentagon was scaling back its Cold War-era footprint in Europe. According to Defense News, the EDI request increased to $6.5 billion from $4.8 billion in 2018, military construction projects in the EDI request jumped from $338 million in 2018, while pre-positioning funds soared from $2.2 billion to $3.2 billion.

The Air Force would spend roughly $368.6 million to pre-position equipment and $363.8 million for military construction projects. While the spending is almost equal to what was expensed in fiscal 2018, it is a huge jump from 2017, when the Air Force was only allotted $31.2 million in pre-positioning funds and $85.4 million for military construction.

 

And I know what you’re thinking: didn’t Trump say not so long ago that he wanted Europe to pay more for its own defense? Well, yes, he did, but Europe is other wise engaged, it’s now planning its own ‘army’, which can’t NOT take away from its contributions to NATO.

So Trump meets Putin on July 16, who knows all of this and a boatload more, and what’s he going to tell him? When Putin asks him about these new US ‘investments’ in Europe, what’s he going to say?

Putin will state that Russia’s military expenditures have only fallen over the past decade+, and that he doesn’t understand why the US spends that much more, because Russia’s new weapons are decades ahead of America’s. (I don’t think he’s kidding).

Of course Putin knows better then anyone that his military spending takes place for a whole different purpose than that in the US: he builds a strong defense, while America feeds its private contractors arms industry as much taxpayers’ money as it can get away with. What did the Pentagon lose track of again, was that $21 trillion?

And of course Putin knows that to an extent Trump is trapped inside the military-industrial complex Ike warned about. And that John Bolton is such a docile and eager servant of.

One thing we can be sure of is that just like the World Cup, the summit won’t be a boring event, the media will be all over it, each with their own favorite, and over half the world will follow the ‘games’. And the outcome of Helsinki is as unpredictable as that of the final in Moscow. One more thing that’s for sure: the US won’t be in that final. Not even John Bolton.

 

 

Aug 312017
 


Prohibition sale June 24 1920

 

Hurricane Harvey the Costliest Natural Disaster in US History (H.)
“No Way To Prevent Imminent Explosion” At Texas Chemical Plant (ZH)
Texans To Be Hit With New Insurance Law (Ind.)
A Decade of G7 Central Bank Collusion – And Counting… (Nomi Prins)
It’s Time For Your Reminder That Most Commodities Are Priced In US Dollars (BI)
A Universal Basic Income Would Grow The Economy (Vox)
The Promise of Fiscal Money (Varoufakis)
America and China’s Codependency Trap (Stephen Roach)
Financial Firms Fear Turmoil Over Fraught US Debt Ceiling Talks (R.)
Weird Things Are Happening With Gold (Rickards)
‘More Europe’ Won’t Solve Europe’s Fiscal Quandary (BBG)
Victory For Assad Increasingly Likely As World Loses Interest In Syria (G.)
‘Our Society Is Broken’: Canada’s First Nations Suicide Epidemic (G.)

 

 

$160 billion and counting.

Hurricane Harvey the Costliest Natural Disaster in US History (H.)

Hurricane Harvey is predicted to be the costliest natural disaster in the history of the U.S., with a damage cost exceeding Hurricanes Sandy and Katrina. AccuWeather predicts that the damage cost will hit $160 billion. AccuWeather, a private weather firm, notes that the storm’s cost represents 0.8% of the national GDP, which is now at $19 trillion. “Business leaders and the Federal Reserve, major banks, insurance companies, etc. should begin to factor in the negative impact this catastrophe will have on business, corporate earnings and employment. The disaster is just beginning in certain areas,” AccuWeather founder Dr. Joel N. Myers said in a statement.

“Parts of Houston, the United States’ fourth largest city will be uninhabitable for weeks and possibly months due to water damage, mold, disease-ridden water and all that will follow this 1,000-year flood.” Before Harvey, the costliest hurricane to hit the U.S. was Hurricane Katrina, which caused $108 billion in damage along the Gulf Coast in 2005. The second-costliest was Hurricane Sandy, which caused $75 billion in damage in 2012. Hurricane Ike, the last storm to make landfall in Texas before Harvey, caused $37.5 billion in damage in 2008. [..] The Associated Press reports that 80% of Harvey’s victims do not have flood insurance. Thousands of families will have to take on more debt or spend much more to fix their homes. Others will sell their property to move out.

Robert Hunter, director of insurance at the Consumer Federation of America, estimated that flood damage alone cost at least $35 billion. Hunter explained to the AP that if you don’t have flood insurance, you can apply for federal disaster benefits. However, these are low interest loans that will add more debt. Homeowners insurance covers water damage caused by wind damage, but not if the water comes through the floor or walls, the AP explains. “Homeowners with water damage can get paid through their homeowners insurance but only if wind blows out a window or sends a roof aloft first, allowing the water in,” the AP notes. “If the water rushes through the floorboard or walls, you’re not covered.”

Read more …

There have been scores of chemicals released into the air already in the area.

“No Way To Prevent Imminent Explosion” At Texas Chemical Plant (ZH)

[..] in a potentially disastrous outcome from the Harvey flooding, a chemical plant in Crosby, Texas belonging to French industrial giant Arkema, has announced it is evacuating workers due to the risk of an explosion, after primary power was knocked out and flooding swamped its backup generators. The French company said the situation at the plant “has become serious” and said that it is working with the Department of Homeland Security and the State of Texas to set up a command post in a suitable location near our site. The plant, which produces explosive organic peroxides and ammonia, was hit by more than 40 inches of rain and has been heavily flooded, running without electricity since Sunday. The plant was closed since Friday but has had a skeleton staff of about a dozen in place.

Following the flood surge, the plant’s back-up generators also failed. The threat emerged once the company could no longer maintain refrigeration for chemicals located on site, which have to be stored at low temperatures. The plant lost cooling when backup generators were flooded and then workers transferred products from the warehouses into diesel-powered refrigerated containers. On Tuesday afternoon, the company released a statement which admitted that “refrigeration on some of our back-up product storage containers has been compromised due to extremely high water, which is unprecedented in the Crosby area. We are monitoring the temperature of each refrigeration container remotely.” It then warned that “while we do not believe there is any imminent danger, the potential for a chemical reaction leading to a fire and/or explosion within the site confines is real.”

One day later, and with the torrential rains finally over, has the situation at the giant peroxide chemical plant stabilized? Unfortunately, according to Reuters, the answer is no. Speaking to reporters on Wednesday afternoon, Richard Rowe, the chief executive of Arkema’s American operations said that “the company has no way of preventing chemicals from catching fire or exploding at its heavily flooded plant.” Rowe added that the company now expects chemicals on site to catch fire or explode within the next six days. Since the plant remains flooded by about six feet of water, “the company has no way to prevent” this worst-case outcome. Anticipating the worst, the company earlier evacuated all remaining workers, while Harris County ordered the evacuation of residents in a 1.5-mile radius of the plant that makes organic chemicals.

Read more …

Insult. Injury.

Texans To Be Hit With New Insurance Law (Ind.)

The embattled populations of southeastern Texas, may soon encounter a new obstacle in their quests to rebuild their lives after Harvey when a new state insurance law that makes it harder for consumers to receive full claims goes into effect Friday. The new law decreases the chances that an insurance company will be forced to pay claim delay penalties and plaintiff attorneys’ fees related to weather-involved claims — a protection that may discourage struggling households from pursuing legal action even if they think the insurance companies are offering less of a payout than they should. Under the new regulations, insurance companies will enjoy greater freedoms to push back on insurance claims, and the first wave of such claimants are likely to be coming from areas impacted by Harvey.

Residents reeling from Harvey now have until just Friday to assess the damages to their homes that may still be under water, and to notify their insurance company of nay damages if they want to avoid navigating that new law. After Friday, new legal restrictions will be in place that make things more difficult for consumers, and interest rates imposed on insurance companies to deter late payments will be cut nearly in half. “Without this law, and as the law currently is until Friday, I think insurance companies would be more responsive to claims,” Kir Pittard, a Dallas attorney, wrote on Facebook of the new law. “After Friday, there won’t be the incentive because the penalty for delays have been reduced.” To put it bluntly, a lot of residents in the impact area of Harvey may face a long battle ahead to replace the roofs torn off their homes from high winds, activists say.

“Insurance companies already had a lot of power, and the bill gives them a lot more power. As we know, too often insurance companies wrongfully withhold payments, they delay payments, they deny claims,” Ware Wendell, the executive director of consumer watchdog group Texas Watch, told The Independent. “So, we’re very concerned that people are going to have blue tarps on their homes instead of roofs.”

Read more …

Nomi sees central banks the same way I do.

A Decade of G7 Central Bank Collusion – And Counting… (Nomi Prins)

Since late 2007, the Federal Reserve has embarked on grand-scale collusion with other G-7 central banks to manufacture a massive amount of money. The scope and degree of this collusion are historically unprecedented and by admission of the perpetrators, unconventional in approach, and – depending on the speech – ineffective. Central bank efforts to provide liquidity to the private banking system have been delivered amidst a plethora of grandiose phrases like “unlimited” and “by all means necessary.” Central bankers have played a game with no defined goalposts, no clock rundown, no max scores, and no true end in sight. At the Fed’s instigation, central bankers built policy on the fly. Their science experiment morphed into something even Dr. Frankenstein couldn’t have imagined.

Confidence in the Fed and the U.S. dollar (as well as in other major central banks globally) has dropped considerably, even as this exercise remains in motion, and even though central bankers have tactiltly admitted that their money creation scheme was largely a bust, though not in any one official statement. On July 31, 2017, Stanley Fischer, vice chairman of the Fed, delivered a speech in Rio de Janeiro, Brazil. There, he addressed the phenomenon of low interest rates worldwide. Fischer admitted that “the effects of quantitative easing in the United States and abroad” are suppressing rates. He also said there was “a heightened demand for safe assets affecting yields on advanced-economy government securities.” (Actually, there’s been heighted demand for junky assets, as well, which has manifested in a bi-polarity of saver vs. speculator preference.)

What Fischer meant was that investors are realizing that low rates since 2008 haven’t fueled real growth, just asset bubbles. Remember, Fischer is the Fed’s No. 2 man. He was also a professor to former Fed Chair Ben Bernanke and current European Central Bank President Mario Draghi. Both have considered him to be a major influence in their economic outlook. The “Big Three” central banks – the Fed, the European Central Bank and the Bank of Japan – have collectively held rates at a zero% on average since the global financial crisis began. For nearly a decade, central banks have been batting about tens of trillions of dollars to do so. They have fueled bubbles. They have amassed assets on their books worth nearly $14 trillion. That’s money not serving any productive, real-economy purpose – because it happens to be in lock-down.

Read more …

When the reserve currency sinks, strange things can happen.

It’s Time For Your Reminder That Most Commodities Are Priced In US Dollars (BI)

The commodity rally since June has been impressive, and it could be tied to weakness in the US dollar. Those sharp increases — ranging between 15-40% — have had Morgan Stanley strategists slightly puzzled. On one hand, bulk commodities such as iron ore and coal have benefited from steady increases in demand. “Similarly, restocking in zinc and nickel markets have helped lift prices of those trades,” the analysts said. However, they added that fundamentals alone can’t explain the rise in the prices of copper, aluminium and lead. That suggests some of the price action is being driven by an external factor: the recent weakness in the US dollar. The analysts noted that this is the second commodity rally within the last year that’s been directly connected to the US dollar.

But the first one was the other way round — commodities staged a 4-week rally in the wake of the US election last November, when the US dollar was also rising. So why the difference? According to Price and Bates, it’s because the outlook for inflation has now largely reversed. “Post-election, markets positioned for new inflation risk, on the promise of a US infra-build story,” they said. But infrastructure reform is yet to get off the ground amid political gridlock in Washington, and US inflation remains stuck below the Federal Reserve’s target rate of 2-3%. Currency markets have reacted by driving the US dollar lower throughout most of 2017. So it follows that commodities priced in US dollars have benefited from a fall in the greenback while overall commodity-demand remains unchanged.

Read more …

Try it in a smaller country first?!

A Universal Basic Income Would Grow The Economy (Vox)

A universal basic income could make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute. Basic income, a proposal in which every American would be given a basic stipend from the government no strings attached, is often brought up as a potential solution to widespread automation reducing demand for labor in the future. But in the meantime, its critics typically allege that it is far too expensive to be practical, or else that it would spur millions of Americans to drop out of the labor force, wrecking the economy and depriving the government of a tax base for funding the plan. The Roosevelt study, written by Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College’s Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy, comes to a dramatically different conclusion.

And it does so using some notably rosy assumptions about the effects of large-scale increases to government spending, taxes, and deficits, assumptions that other analysts would dispute vociferously. Their paper analyzes three different models for a universal basic income: • A full universal basic income, in which every adult gets $1,000 a month ($12,000 a year) • A partial basic income, in which every adult gets $500 a month ($6,000 a year) • A child allowance, in which every child gets $250 a month ($3,000 a year) They find that enacting any of these policies by growing the federal debt — that is, without raising taxes to pay for it — would substantially grow the economy. The effect fades away within eight years, but GDP is left permanently higher. The big, $12,000 per year per adult policy, they find, would permanently grow the economy by 12.56 to 13.10% — or about $2.5 trillion come 2025.

It would also, they find, increase the%age of Americans with jobs by about 2%, and expand the labor force to the tune of 4.5 to 4.7 million people. They also model the impact of the plan if it’s paid for with taxes. That amounts to large-scale income redistribution, which, the authors argue, would stimulate the economy, because lower-income people are likelier to spend their money in the near-term than rich people are. Thus, they find that a full $12,000 a year per adult basic income, paid for with progressive income taxes, would grow the economy by about 2.62% ($515 billion) and expand the labor force by about 1.1 million people.

These are extremely contentious estimates, borne of controversial assumptions about the way the economy works and the effects that a basic income would have on it. Many, if not most, economic modelers would come to very different conclusions: that a basic income discourages work, that raising taxes to pay for it could have profound negative economic impacts, and that not paying for it and exploding the deficit is a recipe for fiscal and economic ruin. But the authors argue that the economic model they’re using, run by the Bard College Levy Economics Institute, uses more realistic assumptions than alternative models, and is particularly well-suited for predicting a UBI’s impact.

Read more …

Part of Yanis’ plans for Greece. A parallel system.

The Promise of Fiscal Money (Varoufakis)

any attempt to bring treasuries and central banks back under one roof would expose politicians to accusations of trying to get their grubby hands on the levers of monetary policy. But another response to the new reality is available: Leave central banks alone, but give governments a greater say in domestic money creation – and, indeed, greater independence from the central bank – by establishing a parallel payments system based on fiscal money or, more precisely, money backed by future taxes. How would fiscal money work? For starters, it would “live” on the tax authority’s digital platform, using the existing tax file numbers of individuals and companies. Anyone with a tax file number (TFN) in some country receives a free account linked to their TFN.

Individuals and firms will then be able to add credit to their TFN-linked account by transferring money from their normal bank account, in the same way that they do today to pay their taxes. And they will do so well in advance of tax payments because the state guarantees to extinguish in, say, a year €1,080 of the tax owed for every €1,000 transferred today – an effective annual interest rate of 8% payable to those willing to pay their taxes a year early. In practice, once, say, €1,000 has been transferred to one’s TFN-linked account, a personal identification number (the familiar PIN) is issued, which can be used either to transfer the €1,000 credit to someone else’s TFN-linked account or to pay taxes in the future. These time-stamped future tax euros, or fiscal euros, can be held for a year until maturity or be used to make payments to other taxpayers.

Smartphone apps and even government-issued cards (doubling as, say, social security ID) will make the transactions easy, fast, and virtually indistinguishable from other transactions involving central bank money. In this closed payments system, as fiscal money approaches maturity, taxpayers not in possession of that vintage will fuel rising demand for it. To ensure the system’s viability, the Treasury would control the total supply of fiscal money, using the effective interest rate to guarantee that the nominal value of the total supply never exceeds a%age of national income, or of aggregate taxes, agreed by the legislature. To ensure full transparency, and thus trust, a blockchain algorithm, designed and supervised by an independent national authority, could settle transactions in fiscal money.

Read more …

Is it low savings or high debt levels?

America and China’s Codependency Trap (Stephen Roach)

Caught up in the bluster of the US accusations being leveled at China, little attention is being paid to the potential consequences of Chinese retaliation. Three economic consequences stand out. First, imposing tariffs on imports of Chinese goods and services would be the functional equivalent of a tax hike on American consumers. Chinese producers’ unit labor costs are less than one fifth those of America’s other major foreign suppliers. By diverting US demand away from Chinese trade, the costs of imported goods would undoubtedly rise sharply. The possibility of higher import prices and potential spillover effects on underlying inflation would hit middle-class US workers, who have faced more than three decades of real wage stagnation, especially hard.

Second, trade actions against China could lead to higher US interest rates. Foreigners currently own about 30% of all US Treasury securities, with the latest official data putting Chinese ownership at $1.15 trillion in June 2017 – fully 19% of total foreign holdings and slightly higher than Japan’s $1.09 trillion. In the event of new US tariffs, it seems reasonable to expect China to respond by reducing such purchases, reinforcing a strategy of asset diversification away from US dollar-based assets that has been under way for the past three years. In an era of still-large US budget deficits – likely to go even higher in the aftermath of Trump administration tax cuts and spending initiatives – the lack of demand for Treasuries by the largest foreign owner could well put upward pressure on borrowing costs.

Third, with growth in US domestic demand still depressed, American companies need to rely more on external demand. Yet the Trump administration seems all but oblivious to this component of the growth calculus. It is threatening trade sanctions not only against China – America’s third-largest and fastest-growing major export market – but also against NAFTA partners Canada and Mexico (America’s largest and second-largest export markets, respectively). As the reactive pathology of codependency would suggest, none of these countries can be expected to acquiesce to such measures without curtailing US access to their markets – a counter-response that could severely undermine the manufacturing revival that seems so central to the Trump presidency’s promise to “Make America Great Again.”

In the end, China’s economic leverage over America is largely the result of low US domestic saving. In the first quarter of 2017, the so-called net national saving rate – the combined depreciation-adjusted saving of businesses, households, and the government sector – stood at just 1.9% of national income, well below the longer-term average of 6.3% that prevailed over the final three decades of the twentieth century. Lacking in saving and wanting to consume and grow, the US must import surplus saving from abroad to close the gap, forcing it to run massive current-account and trade deficits with countries like China to attract the foreign capital.

Read more …

“..the now-notorious 2011 standoff led S&P Global Ratings to downgrade U.S. sovereign debt for the first time. The episode wiped $2.4 trillion off U.S. stocks.”

Financial Firms Fear Turmoil Over Fraught US Debt Ceiling Talks (R.)

Financial firms are sounding alarm bells and dusting off contingency plans over fears an increasingly dysfunctional U.S. Congress may fail to reach a deal to raise the country’s debt limit. Several lobbyists, representing dozens of bankers, investors and credit rating agencies, told Reuters they are worried that dynamics at play in Washington – a bitterly divided Republican party and unpredictable President Donald Trump – could rule out a deal before an October deadline. Policymakers have vowed to provide disaster relief to areas affected by Hurricane Harvey, boosting hopes the debt limit battle could be included in an agreement on a legislative package.

But the acrimonious atmosphere following Trump’s remarks about the Charlottesville protests this month, which cost him key backers in the business community and raised worries about his ability to broker a deal, still lingers. The debt ceiling is a legal cap on how much money the government can borrow to fund its budget deficits and meet debt obligations. Failure to raise it from the current $19.8 trillion could lead to default, sending shockwaves across global markets. “The stakes here are incredibly high. The economic impact associated with debt default is so immense,” said Rob Nichols, president and CEO of the American Bankers Association (ABA), one of the country’s key financial lobby groups. “We’re monitoring this extremely closely and we will mobilize as needed throughout September.”

While leading lawmakers and the administration have pledged it will get done, some corners of financial markets are already on edge. After all, Goldman Sachs estimated that failure to lift the cap would force a government spending cut equal to between 3 and 4% of U.S. gross domestic product, which would have crippling economic consequences. Moreover, previous debt limit negotiations went down to the wire, and the now-notorious 2011 standoff led S&P Global Ratings to downgrade U.S. sovereign debt for the first time. The episode wiped $2.4 trillion off U.S. stocks.

Read more …

“U.S. gold is currently officially valued at $42.22 per ounce on the Treasury’s books versus a market price of $1,285 per ounce”

Weird Things Are Happening With Gold (Rickards)

The first strange gold story involves Germany… The Deutsche Bundesbank, the central bank of Germany, announced that it had completed the repatriation of gold to Frankfurt from foreign vaults. The German story is the completion of a process that began in 2013. That’s when the Deutsche Bundesbank first requested a return of some of the German gold from vaults in Paris, in London and at the Federal Reserve Bank of New York. Those gold transfers have now been completed. This is a topic I first raised in the introduction to Currency Wars in 2011. I suggested that in extremis, the U.S. might freeze or confiscate foreign gold stored on U.S. soil using powers under the International Emergency Economic Powers Act, the Trading With the Enemy Act or the USA Patriot Act.

This then became a political issue in Europe with agitation for repatriation in the Netherlands, Germany and Austria. Europeans wanted to get gold out of the U.S. and safely back to their own national vaults. The German transfer was completed ahead of schedule; the original completion date was 2020. But the German central bank does not actually want the gold back because there is no well-developed gold-leasing market in Frankfurt and no experience leasing gold under German law. German gold in New York or London was available for leasing under New York or U.K. law as part of global price-manipulation schemes. Moving gold to Frankfurt reduces the floating supply available for leasing, making it more difficult to keep the manipulation going.

Why did Germany do it? The driving force both in 2013 (date of announcement) and 2017 (date of completion) is that both years are election years in Germany. Angela Merkel’s position as chancellor of Germany is up for a vote on Sept. 24, 2017. She may need a coalition to stay in power, and there’s a small nationalist party in Germany that agitates for gold repatriation. Merkel stage-managed this gold repatriation with the Deutsche Bundesbank both in 2013 and this week to appease that small nationalist party and keep them in the coalition. That’s why the repatriation was completed three years early. She needs the votes now.

The truly weird gold story comes from the United States… Secretary of the Treasury Steve Mnuchin and Senate Majority Leader Mitch McConnell just paid a visit to Fort Knox to see the U.S. gold supply. Mnuchin is only the third Treasury secretary in history ever to visit Fort Knox and this was the first official visit from Washington since 1974. The U.S. government likes to ignore gold and not draw attention to it. Official visits to Fort Knox give gold some monetary credence that central banks would prefer it does not have. Why an impromptu visit by Mnuchin and McConnell? Why now? The answer may lie in the fact that the Treasury is running out of cash and could be broke by Sept. 29 if Congress does not increase the debt ceiling by then. But the Treasury could get $355 billion in cash from thin air without increasing the debt simply by revaluing U.S. gold to a market price. (U.S. gold is currently officially valued at $42.22 per ounce on the Treasury’s books versus a market price of $1,285 per ounce.)

Read more …

Naked power plays.

‘More Europe’ Won’t Solve Europe’s Fiscal Quandary (BBG)

To a certain cast of people, the solution to every problem in Europe is “more Europe” – even, or especially, those problems that have been caused by Europe. The economic crisis that began a decade ago has exposed many flaws in the European economic model. The solution? Some are calling for a euro-zone budget and a euro-zone finance minister. France’s new president, Emmanuel Macron, is dedicated to the idea. Berlin has signaled conditional support. And Brussels is always happy to accrue more power. The idea makes superficial sense: Monetary union, most people now accept, doesn’t really work without fiscal union. The European Central Bank is constantly under pressure to loosen monetary policy to help the weakest euro members, and to keep it tight to help the strongest. But currency is a blunt instrument.

The “more Europe” thinking is that if the EU had a large budget, it could redistribute wealth to more directly help struggling members. (This is what happens in the U.S.) A powerful finance minister would oversee member countries to keep deficits and debts down and prevent debt crises. Except that that doesn’t make much sense: As Martin Sandbu points out, the U.S. federal budget, hovering at around 20% of GDP, isn’t enough to act as much of a macro-economic stabilizer, and nobody contemplates an EU budget of even that scale in the foreseeable future. Regardless, the so-called debt crises in the euro zone were not ultimately caused by deficits and debts as such, but by monetary phenomena. The euro made Mediterranean countries uncompetitive, leading to slow growth and debt and deficits, and the interest on those debts spiked only when the implicit euro-zone-wide guarantee on those debts was called into question by Germany.

What of Germany, which is essential to any EU reform effort? Germany historically, and Angela Merkel especially, has always been keen on more European integration – but also doesn’t want to pay for it. German Finance Minister Wolfgang Schaeuble has favored the idea of an EU budget – with a little-noticed but all-important asterisk. EU countries’ access to a European macroeconomic stabilization fund would be conditioned on “the bailout fund having more say over national debt and budgets,” he told the German Bild newspaper. In other words, Germany would be happy to pay a little something toward a macro-economic stabilization fund in exchange for having practical control over the budgets of all the euro-zone countries.

The commitment to pay into the fund is probably not daunting, because the budgetary orthodoxy rules Germany would come up with would be unattainable, and the money would probably never be spent. In other words, Macron and the “more Europe” camp are willing to hand Germany control over the euro zone’s finances, in exchange for … well, perhaps nothing. It’s an offer that Merkel can’t refuse.

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No, it’s not ideal. But at least all-out chaos like in Libya has been prevented.

Victory For Assad Increasingly Likely As World Loses Interest In Syria (G.)

In recent months, as supplies of aid, money and weapons to Syria’s opposition have dwindled, it had clung to the hope that ongoing international political support would prevent an outright victory for Bashar al-Assad and his backers. Not any more. An announcement earlier this week by Jordan – one of the opposition’s most robust supporters – that “bilateral ties with Damascus are going in the right direction” has, for many, marked a death knell for the opposition cause. Within the ranks of the political opposition, and regional allies, the statement was the opening act of something that all had dreaded: normalisation with a bitter foe. And without anything much to show for it.

Emphasising his words, Jordanian government spokesman Mohammad al-Momani said: “This is a very important message that everyone should hear.” And indeed, the about-face in Amman was quickly noted in Ankara, Doha, and Riyadh, where – after seven and a-half years of war – states that were committed to toppling the Syrian leader are now resigned to him staying. Returning from a summit in the Saudi capital last week, opposition leaders say they were told directly by the foreign minister, Adel al-Jubeir, that Riyadh was disengaging. “The Saudis don’t care about Syria anymore,” said a senior western diplomat. “It’s all Qatar for them. Syria is lost.”

In Britain too, rhetoric that had demanded Assad leave the Presidential Palace, as a first step towards peace, has been replaced by what Whitehall calls “pragmatic realism”. The foreign secretary, Boris Johnson, last week couched Assad’s departure as “not a precondition. But part of a transition.” Rex Tillerson, the US secretary of state, has openly delegated finding a solution to Syria to Russia. Donald Trump, meanwhile, has pledged to close a CIA-run programme, which had sent weapons from Jordan and Turkey to vetted Syrian rebel groups for much of the past four years. Washington has adopted a secondary role in twin, ailing, peace processes in Geneva and Astana and has focused its energies on fighting Isis, not Assad.

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How long ago is it that Justin vowed to fix this? “.. more than 100 reserves still lack housing, electricity or running water “

‘Our Society Is Broken’: Canada’s First Nations Suicide Epidemic (G.)

The suicide epidemic affecting First Nations communities across Canada has been a national crisis for decades, but it attracted international headlines after three indigenous communities were moved to declare a state of emergency in response to a series of deaths. In the spring of 2016, Attawapiskat First Nation reserve in Ontario declared a state of emergency after 11 young people tried to commit suicide in one night – adding to the estimated 100 attempts made over 10 months among this community of 2,000 people. Not long after, it was revealed that six people, including a 14-year-old girl, had killed themselves over a period of three months in the Pimicikamak Cree Nation community of northern Manitoba. In the aftermath, more than 150 youths in this remote community of 6,000 were put on suicide watch.

Then in June this year, another First Nations reserve in Ontario lost three 12-year-old girls who had reportedly agreed a suicide pact. This string of tragic events has seen media and government turn the spotlight on an issue too often ignored in Canada. Across the country, suicide and self-inflicted injury is the leading cause of death for First Nations people below the age of 44. Studies show young indigenous males are 10 times more likely to kill themselves than their non-indigenous male counterparts, while young indigenous females are 21 times more likely than young non-indigenous females. [..] The government has been criticised for its lack of support and funding for First Nations communities, which total 1.4 million people – just under 4.3% of Canada’s population. “We call that injustice,” says Roderick McCormick, an expert in indigenous health and suicide at Thompson Rivers University in Kamloops BC.

He suggests a complex web of severe poverty plus lack of education and basic necessities underpins the rise in suicides among indigenous youths. “In terms of educational opportunities, healthcare and child welfare, the government is doing an injustice by not adequately funding our communities,” McCormick says. “When these remote reserves compare themselves to other communities across Canada, there is a huge gap that has become really evident.” Recent research has found more than 100 reserves still lack housing, electricity or running water – with almost 90 of them being advised to boil their drinking water. Another study by the Canadian Centre for Policy Alternatives found that 60% of children on these reserves are living in poverty. “The communities I represent are living in abject poverty,” Wilson says. “My people are the poorest in this country, and that’s not right.”

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May 292017
 
 May 29, 2017  Posted by at 9:35 am Finance Tagged with: , , , , , , , , , , ,  1 Response »


Hokusai Views of Mount Fuji: Ejiri in Suruga Province 1831

 

Europe “Must Take Its Fate Into Its Own Hands” – Angela Merkel (AFP)
Stocks Won’t Crash Spectacularly but May Zigzag Lower (WS)
The Great Aussie Recession-Free Run Is Looking Shaky – Again (BBG)
Australia Retail Sector Shudders (Aus.)
US Homeowners Are Again Pocketing Cash as They Refinance Properties (WSJ)
The Guardian Mourns Corbyn’s Polling Surge (Cook)
Tories Pledge New Law Over Domestic Violence Directed At Children (G.)
US Should Focus On The Economy And Skip Irrelevant Talking Forums (CNBC)
Camille Paglia: Democrats Are Colluding With The Media To Create Chaos (WE)
How Team Obama Tried To Hack The Election (NYP)
Syria’s Assad Explains How The US Really Works (ICH)
Macron Promises Tough Talk At First Putin Meeting (R.)
Economists Have to Embrace Complexity to Avoid Disaster (Steve Keen)
Greek Archbishop: ‘I See a Europe of Exploitation, not Solidarity’ (GR)

 

 

I’ve seen a dozen versions of this. Few people seem to know how to properly translate Merkel’s comments, let alone interpret them. Well, let’s just say Merkel is in election mood, and stuff like this does well in Germany.

Europe “Must Take Its Fate Into Its Own Hands” – Angela Merkel (AFP)

Europe “must take its fate into its own hands” faced with a western alliance divided by Brexit and Donald Trump’s presidency, German Chancellor Angela Merkel said Sunday. “The times in which we could completely depend on others are on the way out. I’ve experienced that in the last few days,” Merkel told a crowd at an election rally in Munich, southern Germany. “We Europeans truly have to take our fate into our own hands,” she added. While Germany and Europe would strive to remain on good terms with America and Britain, “we have to fight for our own destiny”, Merkel went on. Special emphasis was needed on warm relations between Berlin and newly-elected French President Emmanuel Macron, she said. The chancellor had just returned from a G7 summit which wound up Saturday without a deal between the US and the other six major advanced nations on upholding the 2015 Paris climate accords.

Merkel on Saturday labelled the result of the “six against one” discussion “very difficult, not to say very unsatisfactory”. Trump offered a more positive assessment on Twitter Sunday, writing: “Just returned from Europe. Trip was a great success for America. Hard work but big results!” The US president had earlier tweeted that he would reveal whether or not the US would stick to the global emissions deal – which he pledged to jettison on the campaign trail – only next week. On a previous leg of his first trip abroad as president, Trump had repeated past criticism of NATO allies for failing to meet the defensive alliance’s military spending commitment of 2% of GDP. Observers noted that he neglected to publicly endorse the pact’s Article Five, which guarantees that member countries will aid the others they are attacked.

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When shorts defeat their own goals: “..the more investors prepare for this by putting large amounts of money aside to plow into a crashing market to pick up the pieces, the more likely they will be to stop the crash in its tracks. “

Stocks Won’t Crash Spectacularly but May Zigzag Lower (WS)

The market is like a “coiled spring” after eight years of QE and interest rate repression, Singer said in the email announcing the $5-billion offering. His firm wants to have the liquidity to capitalize on a “possibly large opportunity set that could emerge when investor confidence is impaired, recent correlations and assumptions don’t work, and prices are changing rapidly.” He added: “The nature of modern markets is that rich opportunity sets seem to be ephemeral, providing surprising volatility, bargains and dislocations for only brief periods of time before governments, aware of the politically destructive effects of extreme volatility, rally to take stern actions to keep the balls up in the air.” So they’d have to act fast to front-run the Fed.

It will be an event that could produce extraordinary returns by picking up the pieces before central banks jump in and once again bail out stockholders and bondholders. That’s the theory. But here’s the thing: the more investors prepare for this by putting large amounts of money aside to plow into a crashing market to pick up the pieces, the more likely they will be to stop the crash in its tracks. As a sharp sell-off unfolds and after regular dip-buyers are crushed, the nervous crash buyers that don’t want to miss this opportunity will start buying. They’re nervous because the Fed could jump in and reverse the crash, and they want to pick up the pieces before that happens. So they’ll jump in early and the intense buying will stop the crash. This includes short-sellers who want to take profits and cover their positions during a crash.

They’re the most nervous bunch of them all. Under this buying pressure, asset prices would begin to bounce before the Fed steps in, and given the bouncing prices, it might not step in, though prices might not reach prior highs. Then, after a period of calm which the smart money will use to unload these positions and take profits, the sell-off would start all over again until crash-buyers pile in again to front-run the Fed. This can go on for many years – a brutal zigzagging lower that never quite offers the buying opportunities because too much money jumps in too soon to turn selloffs into rallies that then fail. Japanese stocks have gone through this since 1989 despite the Bank of Japan’s umpteen rounds of QE and endless interest rate repression. And they’re still going through it, with the Nikkei down nearly 50% from its peak almost three decades ago.

Given the smart money’s fervent intentions to capitalize on these crashes and given investors’ eagerness to put a lot of money behind this strategy in advance, I think a long drawn-out Japan-like downtrend in asset prices with dizzying ups and even bigger downs is a likely if terrible scenario that may well crush how investors feel about buying and holding these assets, as it did in Japan.

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The foundations are crumbling.

The Great Aussie Recession-Free Run Is Looking Shaky – Again (BBG)

Weak signals from Australia are forcing economists to revisit their Q1 growth forecasts. Some are even suggesting a contraction. Home building, net exports and household consumption could be a drag on GDP for the first three months of 2017, according to some estimates. A negative print would raise the specter of recession, especially as a cyclone that ripped through Queensland’s key coal mining region is tipped to subtract from growth in the three months through June. Sluggish data “all points to growth being only marginally positive at this stage and there’s certainly the risk of a negative quarter,” said Shane Oliver, chief economist at AMP in Sydney, who now expects first-quarter GDP growth of around 0.2% rather than the 0.5-0.6% he previously penciled in.

Australia’s enviable track-record in avoiding two straight quarters of contraction since 1991 is on shaky ground. While the economy grew a solid 1.1% in the final three months of last year, it was rebounding from a shock 0.5% decline. Australia & New Zealand Bank last week said growth could be just 0.1% in the first quarter of this year. That would be an annual rate of 1.5%, the lowest since 2009. While the Reserve Bank of Australia has said holding its benchmark interest rate at a record low 1.5% since September is appropriate for “sustainable growth” and meeting its inflation target, a soft GDP number won’t go unnoticed.

Oliver says anemic growth in the first half means the risks are still to the downside for borrowing costs, even if the market sees about a 20% chance of a cut this year. A weak number would likely cast further doubt on the government’s growth forecasts, delivered in its annual budget this month, as Prime Minister Malcolm Turnbull’s ruling coalition struggles in the polls. The Treasury is forecasting GDP growth of 1.75% in the 12 months through June, accelerating to 3% by fiscal 2019. “We’ve long held the view that sub-trend growth is likely to persist. This idea of a return back to 3%-plus growth looks a little ambitious at this stage,” said Su-Lin Ong at Royal Bank of Canada.

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There’s so much money locked up in the housing bubble, spending can only go down. Bubbles are never innocent.

Australia Retail Sector Shudders (Aus.)

“It’s no secret it’s tough in retail at the moment and the share prices of traditional retail business models are reflecting that”, said Andrew Mitchell, portfolio manager at Ophir Asset Management. “The reality is the Australian consumer just isn’t spending right now.” “Household disposable income growth is at the lowest point since the GFC (global financial crisis). Higher utility prices and higher petrol prices continue to create an impact and the out-of-cycle rate rises from banks won’t help either. When you have wage growth sitting at the lowest levels in 30 years, it s going to affect the discretionary spend.” Economic statistics point to some of the toughest times in the sector as shoppers go on strike, not even being swayed by heavily discounted sales as stores make room for winter stock.

Retail spending has slumped, according to UBS economist Scott Haslem. He noted that three of the past four months had seen month-on-month falls in national retail spending for the first time in almost six years, sending the year-on-year pace of sales to just 2.1% in March, its slowest since mid-2013. Mr Haslem admitted the weakness had been surprising, especially given the general level of consumer confidence, which seems to have stabilised of late. “This has caught us somewhat by surprise. Not least because overall consumer confidence, while modestly lower, remains around average and this (month s) wage data also show more evidence quarterly wage growth is ‘basing’ “, he said.

Mr Haslem pointed to the cashflow of the average Australian home as the culprit. “While low interest rates and falling petrol costs have softened the blow from slowing wage growth in recent years, with still low wages growth, and renewed rises across utilities, debt interest and petrol costs, household cashflow is now under significant renewed downward pressure”, he said. “Overall, the recent sharp weakening in consumer cashflow sheds much insight into the recent weakening in early 2017 retail sales. While households have broadly maintained their real consumption growth into late 2016, this has been significantly achieved by drawing on their saving. But with cashflow growth continuing to slow, and savings intentions rising, it’s likely this drawdown in saving rate will end.”

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The dumbest possible comment: this time is different.

US Homeowners Are Again Pocketing Cash as They Refinance Properties (WSJ)

Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis. Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level since the fourth quarter of 2008. The cash-out level is still well below the almost 90% peak hit in the run-up to the housing meltdown. But it is up sharply from the post-crisis nadir of 12% in the second quarter of 2012. In a cash-out refi, a borrower refinances an existing mortgage with a new one, typically at a lower borrowing cost, that has a higher principal balance than the existing one. This allows the homeowner to pay off the old mortgage and still have cash left over for other uses.

The growing popularity of cash-out refis has helped buoy refinance activity. After booming for several years, demand for refinance mortgages had begun to slow as the Federal Reserve began increasing short-term interest rates and longer-term bond yields moved higher. Mortgage rates remain low by historical standards, though. The average rate for a fixed, 30-year mortgage was 3.95%, Freddie Mac reported this week. Meanwhile, rising home prices have helped increase the equity homeowners have in their houses. This allows more people to refinance to capture the benefit of lower mortgage rates. And borrowers whose homes are rising in value are often more likely to be interested in refinancing for cash. For example, in Denver and Dallas, where home prices have jumped, more than half of refinancers opted for cash last year, according to Freddie Mac.

To some housing-market observers, the fact that more homeowners are tapping their homes for cash represents a healthy confidence in the economy. It comes against a backdrop of continued gains in employment. At the same time, the increasing use of cash-out refis causes some concern since, in the run-up to the financial crisis, borrowers used their homes like veritable ATMs. Len Kiefer, Freddie Mac’s deputy chief economist, says this time has been different. Borrowers now are subject to stricter standards when they get a loan or refinance a mortgage. There is also less money at stake now than a decade ago.

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Corbyn is making UK media nervous: A Telegraph headline today: “Jeremy Corbyn has long hated Britain”

The Guardian Mourns Corbyn’s Polling Surge (Cook)

It is quite extraordinary to read today’s coverage in Britain’s supposedly left-liberal newspaper the Guardian. In the “man bites dog” stakes, the day’s biggest story is the astounding turn-around in the polls two weeks before the British general election. Labour leader Jeremy Corbyn has narrowed the Conservatives’ lead from an unassailable 22 points to 5, according to the latest YouGov survey. It looks possible for the first time, if the trend continues, that Corbyn could even win the popular poll. (Securing a majority of the British parliament’s seats is a different matter, given the UK’s inherently undemocratic electoral system.) Is the news that the “unelectable” Corbyn has dramatically closed the gap with the Tories front page news for the Guardian? Well, only very tangentially. It is buried in the paper’s lead story, which is far more interested in issues other than the new poll finding.

The story – headlined “May puts Manchester bombing at heart of election with attack on Corbyn” – largely adopts Conservative leader Theresa May’s line of attack against Corbyn for his suggestion that there might be a link between long-term western violence in the Middle East (now usually referred to as “intervention”) and terror attacks like the one in Manchester last week. Labour’s dramatic rise in the polls is briefly mentioned 12 – yes, 12! – paragraphs into the story. It is almost as though the Guardian does not want you to know that Corbyn and his policies are proving far more successful in the election campaign than the Guardian predicted or ever wanted. In fact, the Guardian’s only story on the poll – buried deep on the inside pages – could not be less enamoured with the polling turn-around. The story – headlined “Labour poll rise suggests Manchester attack has not boosted Tories” – is again framed as a story about Conservative failure rather than the draw of Corbyn and his policies.

Here is as excited as the Guardian can get about the Tories’ highly diminished 5-point lead: “It was always going to be the case that the polls would narrow during the course of the campaign, as Labour’s policies received greater media exposure, but the YouGov poll implies that public opinion is more volatile.” It sounds almost as though the Guardian, which has been denigrating Corbyn since his election as Labour leader nearly two years ago (along with the rest of the British media), does not want him to win. Let’s put that another way. It’s almost as though Britain’s only supposedly left-liberal newspaper would prefer that May and the Conservatives won. This, let us remind ourselves, is the same Conservative party that has made the once-surging, far-right UKIP party largely redundant by adopting many of its ugliest policies.

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Seeking publicity dead ahead of an election with plans to protect children from X,Y,Z, is a dead give away spindoctors are involved. Bill Clinton ‘launched’ a V-chip plan ahead of the 1996 election. when he was under severe pressure, which supposedly allowed parents to control what their kids could watch on TV. Great success voting wise, but never heard from again.

Tories Pledge New Law Over Domestic Violence Directed At Children (G.)

Theresa May has pledged to create a new aggravated offence when domestic violence is directed towards a child, in order to allow perpetrators to be punished for longer. She also confirmed that a Tory government would introduce a statutory definition for domestic violence and establish a special commissioner to stand up for victims. “We will launch a relentless drive to help survivors find justice and increase the number of successful prosecutions. This hidden scandal, that takes place every day in homes across Britain, must be tackled head on,” said May. “And we must respond to the devastating and lifelong impact that domestic abuse has on children, who carry the effects into adulthood.”

She argued that the Conservative party had delivered “real steps towards tackling domestic violence” over seven years, but wanted to go further. The Tory manifesto promised to support victims to leave abusive partners and to review the funding for refuges. However, the Labour party has analysed domestic violence rates since 2009, with an increase in violence against women perpetrated by their acquaintances. There has been a levelling off of violence against women by strangers and a fall in violence against men. Sarah Champion, the shadow women’s minister, has campaigned against the loss of 17% of specialist refuges for domestic violence victims in England since 2010.

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“..tweeting would have saved a lot of money and an embarrassing French and German media portrayal of a “confused and isolated America.”

US Should Focus On The Economy And Skip Irrelevant Talking Forums (CNBC)

Seeking to cut $610 billion from health care for the poor, and $192 billion from food assistance to 43 million Americans struggling to make ends meet, while spending millions of dollars on European jamborees will probably strike most people as an example of bad and insensitive public policy. Given the vacuity of last week’s European meetings, one may question why was it necessary for the U.S. president to spend four days and all that money to repeat for the nth time to people who took $165 billion net out of their U.S. trade in 2016 what he has been telling them over the last two years. No European leader has been in any doubt for quite some time that (a) trillions of dollars in U.S. trade deficits and a soaring net foreign debt of $8.1 trillion could not continue, (b) trade policies would be reviewed with particular attention to countries running systematic and large trade surpluses with the U.S., (c) the treaty on global warming would be closely scrutinized and (d) U.S. would insist on all member countries honoring their financial obligations to the NATO alliance.

All these issues have been explained in bilateral and multilateral forums and constantly amplified by the European media. The White House should have taken a cue from Italy’s former (and most probably future) Prime Minister Matteo Renzi. Outraged by do-nothing summits in Brussels, he scolded the spendthrift Eurocrats for squandering public money and precious time on matters where a simple SMS could have taken care of their trivial agenda. Yes, tweeting would have saved a lot of money and an embarrassing French and German media portrayal of a “confused and isolated America.” That would have also spared Washington the German G-7 lecture about the virtues of free trade. Lacking no chutzpah, the German chancellor Angela Merkel told President Trump last week that the U.S. should not complain about trade deficits with Germany.

Why? Simple, she said: Germany is a big investor in the U.S. creating thousands of jobs. There was no repartee from the U.S. side because our trade experts failed to slip a note to the president to tell him that these investments were financed with the money we gave them to buy German goods. Running large trade deficits with Germany enables German companies to recycle their dollar earnings in the U.S., killing whatever is left of jobs and incomes in our manufacturing – Detroit automakers being one of the prominent cases in point. Yes, we are giving them the rope … and the German chancellor apparently wanted more of it. Thanks in large part to these kinds of trade policies we now have the stock of human and physical capital that sets the limits to potential (and noninflationary) growth rate at a miserable 1.5%.

Undeterred, our free-traders insist that we should focus on services, leave the manufacturing sector to Germans and the Chinese, keep piling on foreign debt and still think that we can make the country safe and secure, maybe even run the world on the side. A wonderful picture, isn’t it? Hospitality industries, Silicon Valley and Hollywood will be our big money spinners. Maybe. But that’s not the public policy platform that won the presidency last year. So, let’s see what the vox populi says during the all-important mid-term Congressional elections in November 2018. These elections could seal the fate of this administration and of the legislative control by the Republican Party.

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“I am appalled at the behavior of the media,” she declared. “It’s the collapse of journalism.”

Camille Paglia: Democrats Are Colluding With The Media To Create Chaos (WE)

Camille Paglia is much more worried about the media than about the steady string of Trump-related scandals they claim to be uncovering. In a Tuesday interview with the Washington Examiner, Paglia excoriated the press for its coverage of Trump’s decision to fire FBI Director James Comey and his alleged sharing of classified information with Russian officials. Fresh off a spirited panel with Christina Hoff Sommers hosted by the Independent Women’s Forum, the iconic feminist dissident, who serves as a professor of media studies at the University of the Arts, accused journalists of colluding with the Democratic Party in an effort to damage the Trump administration. “Democrats are doing this in collusion with the media obviously, because they just want to create chaos,” she said when asked to comment on the aforementioned stories.

“They want to completely obliterate any sense that the Trump administration is making any progress on anything.” The popular author, whose latest book was released in March, pointed to early struggles experienced by previous presidential administrations to illustrate the media’s bias against Trump. “Obama’s administration for the first six months was chaos,” Paglia recalled. “Bill Clinton’s was chaos for six months. Nobody holds that against a new person.” “Those two guys had actually been politicians!” she continued, noting Trump’s relative inexperience with government operations. Paglia’s assessment of media bias in the Trump era leaves little room for optimism.

“I am appalled at the behavior of the media,” she declared. “It’s the collapse of journalism.” As the Examiner reported in April, Paglia, who cast her ballot for Jill Stein last November, is predicting Trump will win re-election in 2020. “I feel like the Democrats have overplayed their hand,” she said at the time. Though the news cycle has moved through plenty of additional scandals in the past month, it appears as though Paglia’s assessment of the president’s prospects has not changed. “I’m looking forward to voting Democrat again,” the acclaimed philosopher explained. “But the point is I feel that the media has so utterly lost its credibility that I think people are going to vote against the media again.”

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This fun is far from over.

How Team Obama Tried To Hack The Election (NYP)

New revelations have surfaced that the Obama administration abused intelligence during the election by launching a massive domestic-spy campaign that included snooping on Trump officials. The irony is mind-boggling: Targeting political opposition is long a technique of police states like Russia, which Team Obama has loudly condemned for allegedly using its own intelligence agencies to hack into our election. The revelations, as well as testimony this week from former Obama intel officials, show the extent to which the Obama administration politicized and weaponized intelligence against Americans. Thanks to Circa News, we now know the NSA under President Barack Obama routinely violated privacy protections while snooping through foreign intercepts involving US citizens — and failed to disclose the breaches, prompting the Foreign Intelligence Surveillance Court a month before the election to rebuke administration officials.

The story concerns what’s known as “upstream” data collection under Section 702 of the Foreign Intelligence Surveillance Act, under which the NSA looks at the content of electronic communication. Upstream refers to intel scooped up about third parties: Person A sends Person B an e-mail mentioning Person C. Though Person C isn’t a party to the e-mail, his information will be scooped up and potentially used by the NSA. Further, the number of NSA data searches about Americans mushroomed after Obama loosened rules for protecting such identities from government officials and thus the reporters they talk to. The FISA court called it a “very serious Fourth Amendment issue” that NSA analysts — in violation of a 2011 rule change prohibiting officials from searching Americans’ information without a warrant — “had been conducting such queries in violation of that prohibition, with much greater frequency than had been previously disclosed to the Court.”

A number of those searches were made from the White House, and included private citizens working for the Trump campaign, some of whose identities were leaked to the media. The revelations earned a stern rebuke from the ACLU and from civil-liberties champion Sen. Rand Paul. We also learned this week that Obama intelligence officials really had no good reason attaching a summary of a dossier on Trump to a highly classified Russia briefing they gave to Obama just weeks before Trump took office. Under congressional questioning Tuesday, Obama’s CIA chief John Brennan said the dossier did not “in any way” factor into the agency’s assessment that Russia interfered in the election. Why not? Because as Obama intel czar James Clapper earlier testified, “We could not corroborate the sourcing.”

But that didn’t stop Brennan in January from attaching its contents to the official report for the president. He also included the unverified allegations in the briefing he gave Hill Democrats. In so doing, Brennan virtually guaranteed that it would be leaked, which it promptly was. In short, Brennan politicized raw intelligence. In fact, he politicized the entire CIA.Langley vets say Brennan was the most politicized director in the agency’s history. Former CIA field-operations officer Gene Coyle said Brennan was “known as the greatest sycophant in the history of the CIA, and a supporter of Hillary Clinton before the election. I find it hard to put any real credence in anything that the man says.”

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“..it is unrealistic and a complete waste of time to make an assessment of the American President’s foreign policy..”

Syria’s Assad Explains How The US Really Works (ICH)

While Americans endlessly battle each other over seemingly important choices like Clinton and Trump or Democrats and Republicans, it is clear that the majority of the population has little understanding of how the U.S. government operates. Yet, for those who pay the price for the apathy and confusion of the general population of the West, it often becomes stunningly obvious that neither presidents nor political parties in America represent any discernible difference in the ongoing agenda of the Deep State and the rest of the oligarchical apparatus. Indeed, that agenda always marches forward regardless of who is president or which political party is in control.

Syria’s president Bashar al-Assad has thus had the unique position of not only being on the receiving end of American imperialism by virtue of not only being a citizen of a target country but also by being the head of the country, steeped in politics in his own right and thus understanding how certain factors come into play at the national level. With that in mind, it is worth pointing out a recent statement made by Assad during the course of an interview regarding the opinion of the Syrian government on Donald Trump. Assad stated,

“The American President has no policies. There are policies drawn by the American institutions which control the American regime which are the intelligence agencies, the Pentagon, the big arms and oil companies, and financial institutions, in addition to some other lobbies which influence American decision-making. The American President merely implements these policies, and the evidence is that when Trump tried to move on a different track, during and after his election campaign, he couldn’t. He came under a ferocious attack. As we have seen in the past few week, he changed his rhetoric completely and subjected himself to the terms of the deep American state, or the deep American regime. That’s why it is unrealistic and a complete waste of time to make an assessment of the American President’s foreign policy, for he might say something; but he ultimately does what these institutions dictate to him. This is not new. This has been ongoing American policy for decades.”

Assad also addressed the Western media’s portrayal of him as a “devil” who kills and oppresses his own people. He stated,

“Yes, from a Western perspective, you are now sitting with the devil. This is how they market it in the West. But this is always the case when a state, a government, or an individual do not subjugate themselves to their interests, and do not work for their interests against the interests of their people. These have been the Western colonial demands throughout history. They say that this evil person is killing the good people. Okay, if he is killing the good people, who have been supporting him for the past six years? Neither Russia, nor Iran, nor any friendly state can support an individual at the expense of the people. This is impossible. If he is killing the people, how come the people support him? This is the contradictory Western narrative; and that’s why we shouldn’t waste our time on Western narratives because they have been full of lies throughout history, and not something new.”

Read more …

Russiagate in France. Macron better not walk his talk.

Macron Promises Tough Talk At First Putin Meeting (R.)

New French President Emmanuel Macron is promising tough talk at his first meeting with Vladimir Putin on Monday, following an election campaign when his team accused Russian media of trying to interfere in the democratic process. Macron, who took office two weeks ago, has said that dialogue with Russia is vital in tackling a number of international disputes. Nevertheless, relations have been beset by mistrust, with Paris and Moscow backing opposing sides in the Syrian civil war and at odds over the Ukraine conflict. Fresh from talks with his Western counterparts at a NATO meeting in Brussels and a G7 summit in Sicily, Macron will host the Russian president at the palace of Versailles outside Paris. Amid the baroque splendor, Macron will use an exhibition on Russian Tsar Peter the Great at the former royal palace to try to get Franco-Russian relations off to a new start.

“It’s indispensable to talk to Russia because there are a number of international subjects that will not be resolved without a tough dialogue with them,” Macron said. “I will be demanding in my exchanges with Russia,” the 39-year-old president told reporters at the end of the G7 summit on Saturday, where the Western leaders agreed to consider new measures against Moscow if the situation in Ukraine did not improve. Relations between Paris and Moscow were increasingly strained under former President Francois Hollande. Putin, 64, canceled his last planned visit in October after Hollande said he would see him only for talks on Syria. Then during the French election campaign the Macron camp alleged Russian hacking and disinformation efforts, at one point refusing accreditation to the Russian state-funded Sputnik and RT news outlets which it said were spreading Russian propaganda and fake news.

Read more …

Shamelessly promoting Steve’s new book “Can we avoid another financial crisis?”, of which this is an excerpt.

Economists Have to Embrace Complexity to Avoid Disaster (Steve Keen)

With a higher propensity to invest comes the debt-driven crisis that Minsky predicted, and which we experienced in 2008. However, something that Minsky did not predict, but which did happen in the real world, also occurs in this model: the crisis is preceded by a period of apparent economic tranquillity that superficially looks the same as the transition to equilibrium in the good outcome. Before the crisis begins, there is a period of diminishing volatility in unemployment: the cycles in employment (and wages share) diminish [..] But then the cycles start to rise again: apparent moderation gives way to increased volatility, and ultimately a complete collapse of the model, as the employment rate and wages share of output collapse to zero and the debt to GDP ratio rises to infinity.

This model, derived simply from the incontestable foundations of macroeconomic definitions, implies that the “Great Moderation”, far from being a sign of good economic management as mainstream economists interpreted it (Blanchard et al., 2010, p. 3), was actually a warning of an approaching crisis. The difference between the good and bad outcomes is the factor Minsky insisted was crucial to understanding capitalism, but which is absent from mainstream DSGE models: the level of private debt. It stabilizes at a low level in the good outcome, but reaches a high level and does not stabilize in the bad outcome. The model produces another prediction which has also become an empirical given: rising inequality. Workers’ share of GDP falls as the debt ratio rises, even though in this simple model, workers do no borrowing at all. If the debt ratio stabilises, then inequality stabilises too, as income shares reach positive equilibrium values.

But if the debt ratio continues rising—as it does with a higher propensity to invest—then inequality keeps rising as well. Rising inequality is therefore not merely a “bad thing” in this model: it is also a prelude to a crisis. The dynamics of rising inequality are more obvious in the next stage in the model’s development, which introduces prices and variable nominal interest rates. As debt rises over a number of cycles, a rising share going to bankers is offset by a smaller share going to workers, so that the capitalists share fluctuates but remains relatively constant over time. However, as wages and inflation are driven down, the compounding of debt ultimately overwhelms falling wages, and profit share collapses. Before this crisis ensues, the rising amount going to bankers in debt service is precisely offset by the declining share going to workers, so that profit share becomes effectively constant and the world appears utterly tranquil to capitalists—just before the system fails.


Figure 5: Rising inequality caused by rising debt

Read more …

Mob or Salvation Army? Al Capone posed as both at the same time…

Greek Archbishop: ‘I See a Europe of Exploitation, not Solidarity’ (GR)

Europe’s current face was not one of solidarity and support but more one of exploitation, Archbishop of Athens and All Greece Ieronymos suggested on Sunday, in an interview broadcast by the state television channel ERT1. “Today, I do not see a Europe of solidarity but I see every day, more often and more clearly, the Europe of exploitation,” he said. The foundations of this Europe had to “go back to the starting point, from where it began, with the same thoughts and the same purpose,” the head of the Orthodox Church of Greece added. The Archbishop also commented on the recent terrorist strike in Manchester, expressing his horror and condemnation and noting that “terrorism is one of the worst repercussions of war.”

It was necessary, he said, “to also look at the other side, to see who are those leading these people to become terrorists.” On Church-State relations, he said the role of the Church was to talk to everyone, including those responsible for the state, because the Church was not a political party and “cooperation is therefore necessary”. On the issue of Church property, he noted that the Church’s spiritual mission could not be carried out without economic support. “The Church must be free and financially independent,” he said. With regard to refugees, Ieronymos said the Church sees them as “people in need” and that their final destination “should be their own country.” In the future, he added, we must consider whether “refugees have also become a part of the exploitation of humanity.”

Read more …

Apr 122017
 
 April 12, 2017  Posted by at 8:25 pm Finance Tagged with: , , , , , , ,  8 Responses »


Frederick Carl Frieseke Girl In Blue Arranging Flowers 1915

 

Potential earthquakes and black swans are right ahead of us. What else is new? On April 16, Turkey has a referendum to decide whether Erdogan will become de facto supreme ruler. What happens if he loses the referendum is completely unclear, undiscussed even, but it’s obvious a loss would have the country shake on its already shaky foundations.

The Turkish economy is in horrible shape and Erdogan’s post-coup firings (hundreds of thousands) and jailings (tens of thousands) have made large parts of society unattended. The biggest of which may well be the army; you can’t fire large numbers of officers and pilots and expect to retain the same strike effectiveness.

Erdogan’s ongoing war on the Kurds is also turning against him, or at least internationally. Both Russia and the US acknowledge the important role Kurdish forces play in the battle against ISIS, and they’re not going to turn against them. So while Turkey demands a major role in neighboring Syria, it has essentially been put off-side, or benched.

Russia maintains (some of) its boycotts of Turkish products ($260 million worth of tomatoes) that were the result of Erdogan downing a Russian jet in late 2015, and the refuses to deliver arch-enemy Gülen, despite Michael Flynn’s best efforts. This means, by the way, that the country simply hasn’t provided irrefutable proof of the man’s role in the coup (if it was ever a real coup).

If Erdogan cannot come up a winner on Sunday, he would lose a lot of face. And he might lose more than that. Of course one must question if it’s even a option that the Turkish people vote NO, and that that would subsequently be announced as the referendum result. He controls just about anything in the country already; why not this too, by right or by might?!

 

Second black swan: France. It could be a genuine black one, as in unexpected. Less than two weeks before the first round of the presidential election, all of a sudden another contender has come to the fore. Far left Jean-Luc Mélenchon was never given any chance of winning, but one TV debate later his popularity is rising fast.

The French have long been tired of their political system, and this time around that could mean all established parties are out. Even perhaps including Emmanuel Macron, who doesn’t belong to a party but is still perceived as a member of the establishment, no matter how hard he tries not to be.

Come round two on May 7, voters might be faced with the -stark- choice between far left and far right, with a big gaping empty hole in between. That would leave no option of a ‘safe choice’, the big hope of everyone who doesn’t like Marine Le Pen. It would also leave no candidate who unwaveringly supports the euro or even the EU.

In fact, it’s ironic -make that funny- to what extent far left and far right ideas ‘meet in the middle’. Add to the irony that Melenchon’s rise makes a Le Pen presidency that much more likely, because a ‘communist’ is seen as at least as dangerous as Le Pen. That might give her the undecided votes she will need to prevail.

 

US Secretary of State Rex Tillerson is in Moscow, he’s way out of his league, and he knows it. His task is, if you read between the lines, to deliver warnings and threats to Putin and Russian Foreign Minister Lavrov, but both are not only at least as smart as Rex, they have the many years of experience in international politics that he woefully lacks.

The White House issued a ‘we can prove it was Assad, and it was sarin’ report yesterday, but they can not. The sarin accusation even makes little sense given the photos of people attending to the victims with bare hands. Accusing Russia of being complicit in Assad attacking his own people with gas/chemicals doesn’t really fly either.

Tillerson said earlier in the week that Russia is either ‘incompetent or complicit’, that it should have made sure Assad had no chemical arsenal. But a 2013 treaty between the US and Russia established a UN body, the Organisation for the Prohibition of Chemical Weapons (OPCW), that is responsible for that. And the US is part of that body, and as such co-responsible.

And yes, there will be people saying that Russia delivered chemical capacity to Assad despite the treaty. But why should it? That question falls into the same category as why Assad would use chemicals to begin with at this point in time. It makes no sense, there is no logic. But then in the US logic has been in short supply for a while, certainly when politics are concerned.

Tillerson apparently was told to tell Russia that it has to stop supporting Assad or else, but that is just real dumb. Syria is Russia’s only haven in the Middle East, and there’s no chance they will give it up. And why should they? Would the world be a better place if the US can do whatever it wants in the region? Haven’t the utterly failed regime changes in Iraq and Libya done enough damage?

Sure, Assad may be a shaky asset. But what about the Saudi’s and their western-supported obliteration of the entire nation and peoples of Yemen? Want to look at some pictures that can drive Ivanka to tears? You won’t see them in your media, and neither will she. It’s all just biased nonsense, and by now it’s hard to see how Trump will find his own way in, let alone find his way out of, this foreign swamp.

Threatening Russia is certainly not that way. But sure, the President must feel eager to disprove the unproven non-stop allegations of collaboration between him and Putin. And the one-sided attacks did indeed stop only when the bombs started to fall. It’s all so predictable it makes you want to puke all over your morning paper all over every single morning, Groundhog Day style.

 

The New York Times was awarded a Pulitzer for “agenda-setting reporting on Vladimir Putin’s efforts to project Russia’s power abroad”. I kid you not. The American press has lost all concerns about its own credibility, and the Pulitzers follow them with a vengeance. And that same press did a weather-vane like 180 as soon as 59 Tomahawks were aimed and fired at an abandoned airport in the sand.

They were anti-Trump mongers the whole time, and changed like a leaf on a tree in seconds, to become pro-war mongers. It’s something to behold. They love him! The starkest example, among too many to keep count of, was presented in a publication named The Hill, which we are apparently supposed to take serious. It’s just another WaPo and NYT clone, but this thing by “General Anthony J. Tata, Opinion Contributor” sums it all up too nicely to ignore:

Trump’s Adherence To American Values Demonstrates His Commitment To Protecting Us

In the wake of Tuesday’s Syrian chemical weapons attack on innocent civilians, President Barack Obama will be remembered as America’s modern day Neville Chamberlain, the infamous United Kingdom Prime Minister who appeased Nazi Germany in 1938 by signing the Munich Agreement, setting the stage for the holocaust. Contrast Obama’s negligence with President Donald Trump’s decisive action a mere two days following the Syrian violation of international law. The Syrian government used chemicals to brutalize its citizens in Khan Sheikhoun.

President Trump immediately denounced the attacks, labeling them, “An affront to humanity.” Less than 72 hours later he ordered the launch of 60 cruise missiles to destroy the airfield from which the bomb delivering airplanes departed. If Obama’s passivity in the face of weapons of mass destruction (WMD) deployed in Syria in 2013 lends to Chamberlain comparisons, President Donald Trump’s military action against Syria this week compares favorably to Winston Churchill, Chamberlain’s effective wartime successor.

Just as Chamberlain and Churchill viewed Nazi Germany differently, how could two modern day American presidents see essentially the same horrifying pictures of chemical weapons attack victims and come to two decidedly different conclusions about their terror and an effective response?

Jarring images of Tuesday’s sarin nerve agent attack on its citizens that circulated the world this week were similar to those that went viral in 2013: bodies torqued in gruesome death poses, patients oozing bodily fluids from their mouths and noses, and children running blind through the streets. In 2013, an unimpressed President Obama found a passive, ineffective diplomatic solution relying on unreliable Russian oversight. Syria obviously maintained and built its weapons of mass destruction stockpiles. The United Nations was even in on the deal, declaring that there were no more chemical weapons in Syria.

There’s so much stupidity and mendacity in that, you really have to take some time out to let it sink in. But it’s also very representative of American media these days. CNN, WaPo, NYT, they’re all full of people who by now must feel really shortchanged because Trump hasn’t dropped many more bombs on Syria, and they’re more than willing not to show us the pictures of the children those bombs would maim and kill. After all, how many pictures have you seen of Yemen’s death and famine?

When Trump told Maria Bartiromo that “we’re not going into Syria”, you can bet your buttocks lots of executives behind the desks there were thinking of one thing only: how do we get him to do it anyway? They still have hope there’ll be a major war soon, I guarantee you that.

But Putin is not going to move an inch, not on Syria and not on anything else. He knows the US army can do a lot of damage, but it can’t win. It hasn’t won an actual war in many decades, and it won’t win this one either if whoever’s in Washington decides to start it.

Before I started writing this I was thinking about Rip van Winkle rather than Groundhog Day. The whole media 180, and the war cries, are exactly like they were in 2003. Now, Rip van Winkle allegedly slept for 20 years, not 14, but hey, details. The cute thing about the Rip van Winkle story is also in the details:

When he awakens, Van Winkle discovers shocking changes: his musket is rotting and rusty, his beard is a foot long, and his dog is nowhere to be found. He returns to his village, where he recognizes no one. Van Winkle returns just after an election, and people are asking how he voted. (Wikipedia)

That election thing is priceless. But Rip woke up to find his entire world completely changed. Whereas today’s hollow US war talk is something we’ve seen before, and many times. That’s more Groundhog Day style. There must be a way to connect the two stories in a way that fits today’s reality. Whoever finds it is in Hollywood blockbuster territory.

War is far too popular in America. It’s scary. Not least of all because the US has zero chance of winning. For the same reasons, by the by, that it can’t fix its health care system.

America as a country, a society, is not effective enough anymore to win anything, there’s no chance of a concerted effort, it’s too inward looking and distracted by TV-shaped reality and ‘social’ media, and its entire society is aimed only at maximizing profit at the expense of one’s own neighbors. America has turned into cats in a sack.

But yes, these are often the most dangerous times in the existence of an empire. The waning days. The downward slope. The swans that will pop up in that are definitely black; there’s no predicting those graceful beauties.

Apr 052017
 
 April 5, 2017  Posted by at 7:23 pm Finance Tagged with: , , , , , , , ,  10 Responses »


Ramón Casas Decadence 1899

 

Reading up on the Syria ‘chemical attack’ issue (is that the right term to use?). The headlines are entirely predictable, and by now that probably won’t surprise anyone, no matter where they are or what views they adhere to. We know there’s been an attack and that some kind of chemical was used. The media talk about sarin.

They also, almost unanimously, blame the Syrian government of Bashar al-Assad for it. But that’s the same government that just this week saw both US Foreign Secretary Rex Tillerson and US UN enjoy Nikki Haley point to a significant shift in American policy, towards a view that removing Assad is no longer a priority in US Middle-East policy.

That comes after many years of insisting that Assad must be removed. And after many years of US involvement in removing other regimes in the region, Saddam Hussein, Gaddafi. It also comes on the eve of a large Syria conference, the first in a long time, due to start today. Russia and the States send only lower-level representatives, politically sensitive etc., but still.

The question arises what reason the Syrian government could possibly have to launch a chemical attack anywhere on its territory, gruesome pictures of which, with many child casualties, were posted soon after the attack supposedly too place. And that’s where logic at least seems to break down.

Syria was not supposed to have any chemical warfare arsenals left, far as I understand, there was an accord to that extent in 2013. Did they hide any (Saddam WMD style?!), or did they recently obtain them (from Russia?!). But most of all, why use them on the eve of a conference where you have everything to gain?

I’ll be the last to claim that I know, but it certainly doesn’t make a lot of sense. Being denied recognition, legitimacy even in a sense, for years, and then throw it away the day before? Not even declaring Assad -and by association Putin and Iraq- to be complete idiots would seem to explain that. And they’re not idiots.

The Russians say a ‘rebel’ chemical weapons depot may have been hit. I don’t know, and barely a soul does, but opinions have been pre-cooked, and there we go again. There are pictures of White Helmets tending to the wounded, but then if this were sarin, that might not be advisable to do with bare hands and without gas masks. And the White Helmets themselves are not beyond scrutiny either. Meanwhile, Trump has followed everyone else in the West in accusing Assad.

 

Any of this sound familiar? It does to me. When I open my -personalized, no less- Google News page, all main headlines concerning either US politics or topics like the Syria chemical attack come from a ‘select’ group of ‘media’. It’s all NYT, WaPo, CNN, BBC, all the time. Google likes The Hill too, for some reason. Since my page is ‘personalized’ I don’t know how it is for others, but I have an idea.

The same opinion-forming (leading) ‘reporting’ that happens in the case of Syria, is also applied to the US. And it’s tearing the country apart, bit by inevitable bit. The MSM’s answer to the Trump campaign- and subsequent election- has been to do more of the same ‘leading’, much more. And they have plenty of takers. Subscriptions are way up, so they think they’ve hit a gold mine, a very welcome one too given where sales numbers were heading.

Trump’s the best thing that happened to WaPo in years. But then again, they still lost, and bigly. Their preferred candidate lost. And the entire storyline they had spun over, say, the entire year leading up to November 8, had gone nowhere. None of it got Hillary elected, and none of it was ever proven.

Now, of course, it’s not the job of news organizations to choose sides in politics (their job’s the opposite), and even less to make up a storyline in order to promote whatever side they pick. It’s really weird that that aspect has been largely lost on America over the past few years; not that it’s entirely new, don’t get me wrong, but it got a lot more pronounced and ‘brazen’.

It’s as if people have all of a sudden started to find it normal that their news sources tell them what to think. The echo chamber has become both much larger and a whole lot more cramped at the same time. And got for too comfy with 1984.

 

What makes it even weirder is that it should be obvious to us all that there has been a large shift in politics as well, albeit over a longer period of time. There is no left in the system anymore, there is no left left; workers and the poor in general have nobody left who represents them.

This is true in the US as it is in Europe. Britain’s Labor party is all but dead, Holland’s Labor equivalent went from 38 to 9 seats in the recent election, the list goes on. The US democrats? Are you kidding? Left? Left of what?

The media have followed this development as much as they have led the way. There’s a lot of synergy there; it’s just that there’s none left with the people they’re either supposed to represent or inform. But that in turn means you might as well say that the whole thing is dead. What left there still is left will have to re-invent itself.

The political system and the media may cross-pollinate as much as they want, and they obviously seem to want that a lot, but they still depend for their survival on a connection with people, voters, readers. Only, they appear to have concluded Groucho stye that “Hey, if you can fake that, you can fake anything..”

Problem is, this did cost the US media’s candidate the election. So now they’re echo-chambering to less than half of the population. Who are so receptive that they may be temporarily fooled into thinking they’re doing fine. But the other -more than- half already thinks they’re full of it, and that’s not going to change back (my humble prediction).

 

If the US MSM would go back to impartial reporting, they would be fine. The same is true for the Democratic party -and its link to the poorer part of America. But both have made their beds (and bets) and must now lie on them.

For the media, this means being forced to turn over ever more readers and viewers to ‘new media’. It’s not even a technology thing, it’s just that they themselves have chosen to become irrelevant. And yes, it is ironic that the soon-so-be richest man on the planet, Amazon’s Jeff Bezos, controls the bigliest web success and destroys the WaPo at the same time. It’s an awful shame too. But the paper for him is financial pocket change, not a legacy of hard work.

Bezos et al do this by trying to dictate what people think, by becoming Edward Bernays and Joe Goebbels. The idea might have worked without the Interwebs, but I must retract that: it would have been sacrificed on the altar of economic mayhem. Lots of irony in there, though.

The New York Times and Washington Post owe their reputation to America’s times of plenty, and those are gone, long gone. These papers are no longer capable of Woodward and Bernstein, because there’s nothing left that’s objective, the entire focus is partisan now, and that means you’re going to miss out on the big, the real stories, if they’re your news sources.

And it’s not even that they’re papers, and they may or may not get digital; it’s their owners’ choices for certain political directions that’s doing them in. Maybe that’s an inevitbale process; that news organizations must perish one sources change, or processes, or range. I’m not sure of that, though; I think they’re squandering a 100 year -or so- legacy on an altar of political megalomania.

 

And that gets me to what got me thinking about the reporting on Syria’s chemical attack to begin with, and the way it’s presented. That is, I read a lot of things, it’s what I do, but instead of the journalists asking the questions, I know it’s up to -people like- me to do that. That goes for Syria, and just as much for US domestic issues. There’s nobody left I can rely on. Again I aks of you: any of this sound familiar?

I’m by no means ready to go with everything Fox says, or any -formerly- right-wing source. But I can no longer trust the left wing either, let alone the formerly neutral ones. I’m on my own. And so are you.

Now, Russia spying on America is a done deal, of course they do. Everyone spies on every other one, if they have the technology they will do it. But Susan Rice ‘unmasking’ people in the Republican campaign is a step or two further. It may be technically legal, but it skirts far too close for comfort to potential political interference.

Since the entire Russia story was never proven, after a year and change of investigation by the entire media AND intelligence machine, I think perhaps it’s reasonable to suggest that it was always merely a convenient front for spying on Trump and the other Republicans. I don’t know that, it’s deduction that leads me there.

 

Still, of course the Russia-Trump connection probe just keeps on going. They haven’t found a thing, no shred, after all this time, but maybe, maybe… Look, I always said that a Trump presidency would be ugly and stupid -just still preferable to Hillary- but this ‘Putin is the devil’ meme is a lot uglier than that.

If and when you lose, as the Dems and their media have, doubling down is not the way to go, not if you want to win the next one. You have to look at what mistakes you’ve made and learn from them, not focus even more on what is or was wrong with the other side. That makes no sense. Losers must lose with grace, as much as winners win with it.

It’s not just in the US that people have completely lost sight of this most basic of principles; in the UK the post-Brexit bickering just won’t stop, and everything gets worse in the process. But it’s all about blaming the others, not your own side. How that can be helpful when you’ve lost is not clear to me at all.

 

Susan Rice will be before a Senate or Congress committee soon, and it will be interesting to see what she has to say. I’m sure her legal counsel have previously assured her that it was all perfectly within her job prescription. But she, what can I say, she doesn’t look good in her press appearances.

And you can complain all you want about the photos with only males in Trump’s office, but the entire glass ceiling female crew, Donna Brazile, Huma Abedin, Susan Rice, Hillary Clinton, they all look to have broken that ceiling but from the wrong side, (lost in gravity?!), and in the wrong way. They’ve all either cheated to get where they are (were), or cheated while they were there.

What a loss that is. That ceiling must be broken, badly, but not by women who are part of it. It fits the overall picture, though. If and when nothing is what it seems, it’s a lot easier to get people to believe what you tell them, certainly when you can put a NYT or WaPo stamp on what you’re saying. The problem is, by now you’ll only be talking to less than half of the people. And that’s on a good day.

The whole thing is broken, and you don’t heal that by pointing out to what extent the other side is broken. You heal it by looking at your own f*ck-ups, and then correct them. And until you do that, the risk of chemicals raining down on kids in Syria will just continue to be the same as Obama ordering drone strikes. Or the US and UK and France and Germany selling weapons to the Saudis that allow them to obliterate an entire nation and people in Yemen.

This is not about Assad, it’s about you, and Theresa May and Trump and Obama and Hillary and W. and Merkel and Tony Blair and scores of French and German politicians who’ve kept the death racket alive all these years. It’s where the money is.