Apr 062024
 


Juan de la Corte (1597–1660) Lot And His Daughters Escaping From The Destruction Of Sodom And Gomorrah

 

The “Order” Based On Made-up Rules Is Descending Into Savagery (Pepe Escobar)
Putin’s Road to Armageddon (Paul Craig Roberts)
US and Germany Against Inviting Ukraine Into NATO – NYT (RT)
NATO Faces ‘Catastrophic Defeat’ In Ukraine – ex-Pentagon Adviser (RT)
Ukraine Plan Of Crocus Attack: Ethnic Pogroms, Civil War In Russia (Helmer)
MSM Reluctantly Admits Elon Musk’s Ukraine Takes Are Proving Correct (ZH)
Vectoring Dangerously (Kunstler)
Ukrainian Officials’ Wealth Surged During Conflict (RT)
Biden Was ‘Higher Than A Kite’ During SOTU Speech – Trump
US Intel Services Use Journalists As Their Agents – Zakharova (TASS)
Jan. 6 Defendant Video Raises Questions About Undercover Agents (ET)
Bidenomics and Its Discontents (Galbraith)
RFK Jr. Is Right About Joe Biden (ZH)
Judges Reject Trump’s Attempts To Quash Cases (RT)
Supreme Court Faces ‘High Stakes’ Decisions on Trump-Related Cases (ET)
How The West Lost Control Of The Gold Market (Henry Johnston)

 

 

The awful shadow of some unseen Power
Floats tho’ unseen amongst us, -visiting
This various world with as inconstant wing
As summer winds that creep from flower to flower.-
Like moonbeams that behind some piny mountain shower,
It visits with inconstant glance
Each human heart and countenance;
Like hues and harmonies of evening,-
Like clouds in starlight widely spread,-
Like memory of music fled,-
Like aught that for its grace may be
Dear, and yet dearer for its mystery.

Shelley, Hymn to Intellectual Beauty

 

 

Drones

 

 

Biden

 

 

Save the world

 

 

 

 

Letitia
https://twitter.com/i/status/1775962785886974153

 

 

Democrat
https://twitter.com/i/status/1775901228419174414

 

 

 

 

WWIII is creeping up on us. It’s everywhere today.

“..that thick slab of Norwegian wood posing as Secretary-General came up with a merry “initiative” to create a 100 billion euro fund..”

The “Order” Based On Made-up Rules Is Descending Into Savagery (Pepe Escobar)

As the de facto North Atlantic Terror Organization celebrates its 75th birthday, taking Lord Ismay’s motto to ever soaring heights (“keep the Americans in, the Russians out, and the Germans down”), that thick slab of Norwegian wood posing as Secretary-General came up with a merry “initiative” to create a 100 billion euro fund to weaponize Ukraine for the next five years. Translation, regarding the crucial money front in the NATO-Russia clash: partial exit of the Hegemon – already obsessing with The Next Forever War, against China; enter the motley crew of ragged, de-industrialized European chihuahuas, all in deep debt and most mired in recession. A few IQs over average room temperature at NATO’s HQ in Haren, in Brussels, had the temerity to wonder how to come up with such a fortune, as NATO has zero leverage to raise money among member states.

After all, the Europeans will never be able to replicate the time-tested Hegemon money laundering machine. For instance, assuming the White House-proposed $60 billion package to Ukraine would be approved by the U.S. Congress – and it won’t – no less than 64% of the total will never reach Kiev: it will be laundered within the industrial-military complex. Yet it gets even more dystopic: Norwegian Wood, robotic stare, arms flailing, actually believes his proposed move will not imply a direct NATO military presence in Ukraine – or country 404; something that is already a fact on the ground for quite a while, irrespective of the warmongering hissy fits by Le Petit Roi in Paris (Peskov: “Russia-NATO relations have descended into direct confrontation”). Now couple the Lethal Looney Tunes spectacle along the NATOstan front with the Hegemon’s aircraft carrier performance in West Asia, consistently taking its industrial-scale slaughter/starvation Genocide Project in Gaza to indescribable heights – the meticulously documented holocaust watched in contorted silence by the “leaders” of the Global North.

UN Special Rapporteur Francesca Albanese correctly summed it all up: the biblical psychopathology entity “intentionally killed the WCK workers so that donors would pull out and civilians in Gaza could continue to be starved quietly. Israel knows Western countries and most Arab countries won’t move a finger for the Palestinians.” The “logic” behind the deliberate three tap strike on the clearly signed humanitarian convoy of famine-alleviating workers in Gaza was to eviscerate from the news an even more horrendous episode: the genocide-within-a-genocide of al-Shifa hospital, responsible for at least 30% of all health services in Gaza. Al-Shifa was bombed, incinerated and had over 400 civilians killed in cold blood, in several cases literally smashed by bulldozers, including medical doctors, patients and dozens of children.

Nearly simultaneously, the biblical psychopathology gang completely eviscerated the Vienna convention – something that even the historical Nazis never did – striking Iran’s consular mission/ambassador’s residence in Damascus. This was a missile attack on a diplomatic mission, enjoying immunity, on the territory of a third country, against which the gang is not at war. And on top of it, killing General Mohammad Reza Zahedi, commander of the IRGC’s Quds Force in Syria and Lebanon, his deputy Mohammad Hadi Hajizadeh, another five officers, and a total of 10 people. Translation: an act of terror, against two sovereign states, Syria and Iran. Equivalent to the recent terror attack on Crocus City Hall in Moscow. The inevitable question rings around all corners of the lands of the Global Majority: how can these de facto terrorists possibly get away with all this, over and over again?

Read more …

PCR keeps thinking he knows better then Putin.

Putin’s Road to Armageddon (Paul Craig Roberts)

The United States government, speaking through the mouth of Secretary of State Blinken, defied all of Russia’s warnings this week with this declaration: “Ukraine will become a member of NATO. Our purpose at the summit is to help build a bridge to that membership.” By Putin’s refusal to use the necessary force to deal with the dangerous situation and by continuing to insist that the conflict is nothing but a limited operation to clear Ukrainian forces out of the Russian provinces, not an invasion of Ukraine, Russia will soon find herself at war with NATO. I have warned consistently without effect, only to be denounced by idiots as “bloodthirsty,” that Putin’s unrealism about the conflict, like his previous unrealism about the Minsk Agreement and his unrealism about the overthrow of the Ukrainian government in the so-called Maidan Revolution, is a direct path to World War III.

The minute Ukraine becomes a member of NATO, Putin will find himself at war with NATO. Russia has only a short time to knock out Ukraine, destroy the government, occupy the country and build a wall around it. The ascension of Ukraine to Nato “is literally how the nuclear apocalypse movie starts,” says Elon Musk, one of the few remaining intelligent Americans. Putin’s “limited military operation” has achieved nothing but two new NATO members–Finland and Sweden–attacks on Russian civilians inside Russia, mounting deaths from Western weapon system after weapon system supplied to Ukraine along with NATO military personnel to operate them and Western intelligence to target them. All the while Putin has been unable to comprehend that Russia is at war. Putin’s lack of response to mounting provocations has convinced Washington that Putin’s warnings are meaningless. Putin’s failure to enforce his red lines has caused Washington to loose belief that Putin has any red lines.

Just as Putin was forced into his “limited military operation” by the insulting cold shoulder Washington gave his plea for a mutual security pact, Russia will be forced into wider war with NATO by Washington’s defiance of Putin’s warning that Russia will not allow NATO membership for Ukraine. Putin has a few months to end Ukraine’s existence, a country that never existed until Washington created it, before Putin’s inability to act brings on World War III. Despite the dire situation, Putin remains unable to come to terms with reality. The Russian government continues to demonstrate to Washington weakness and irresolution by repeating its willingness to negotiate. Here we see Putin’s failure as a war leader. It should be Washington and NATO pleading with Putin to negotiate.

We are traveling along the road to Armageddon exactly as I predicted. One ignored provocation leads to another and worst provocation, and then to another and another, and now we have reached the red line that Putin cannot ignore. At this point the only way Putin can avoid World War III is to surrender or to terminate the existence of Ukraine before Washington elevates Ukraine to NATO membership. There is no other choice.

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“..would draw it into the biggest land war in Europe since 1945..”

US and Germany Against Inviting Ukraine Into NATO – NYT (RT)

The US and Germany are reluctant to accept Ukraine into NATO despite fears of Kiev’s military collapse under Russian pressure, the New York Times reported on Thursday. Officials in the US-led bloc are worried that such a drastic move “would draw it into the biggest land war in Europe since 1945,” the paper said, adding that NATO is looking for a “middle ground” instead. These concerns are said to be shared by Berlin and Washington, which are opposed to opening membership talks with Ukraine at NATO’s summit in Washington in July. At the same time, they champion long-term security assistance commitments to Ukraine. On Wednesday, NATO Secretary-General Jens Stoltenberg urged the bloc’s members to focus on providing Ukraine with “reliable and predictable security assistance” rather than voluntary donations.

The NATO chief has reportedly proposed a five-year €100 billion ($107 billion) package of military aid to Kiev, which would also see the bloc take on more responsibility – rather than the US – in terms of coordinating assistance. Several Western diplomats told the NYT, however, that this plan appears “elusive” at the moment. A former US ambassador to NATO, Ivo Daalder, said that Washington appears to be tacitly opposed to the initiative, which would diminish its role in coordinating the assistance. Hungary, another NATO member, has publicly spoken out against any moves that could make the bloc more involved in the conflict. It is also unclear how NATO could compel members to contribute to the €100 billion package over such a long period of time, the report says.

However, “none of these things may matter” by summer if Russia continues to push back Kiev’s troops, as Ukraine is “in danger of losing the war,” the NYT said. In recent weeks, Russia has liberated the key Donbass city of Avdeevka, while capturing several nearby settlements. Ukrainian President Vladimir Zelensky warned last month that this would not be the last retreat unless the US renews its military assistance. An aid package has for months been stalled in the US Congress due to Republican opposition, as GOP members demand more efforts to enhance border security. Russia has condemned the Western arms shipments to Kiev, warning they will only prolong the conflict. Officials in Moscow have also accused the West of using Ukraine as a tool in order to inflict “a strategic defeat” on Russia.

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“..the Machiavelli of Maryland..”

NATO Faces ‘Catastrophic Defeat’ In Ukraine – ex-Pentagon Adviser (RT)

NATO nations can only forestall an inevitable loss to Russian forces in Ukraine by deploying their troops to the former Soviet republic, a former adviser to the US military has claimed. “The arithmetic of this is inescapable: NATO countries will soon have to send soldiers to Ukraine, or else accept catastrophic defeat,” military strategist Edward Luttwak wrote in an oped published on Thursday by the British online media outlet UnHerd. “The British and French, along with the Nordic countries, are already quietly preparing to send troops – both small elite units and logistics and support personnel – who can remain far from the front.” The conflict can’t be won without direct troop deployments because regardless of the quantity and quality of weapons sent to Kiev, Ukrainian forces are too outnumbered by the Russians, Luttwak argued. “This means that unless [Russian President Vladimir] Putin decides to end the war, Ukraine’s troops will be pushed back again and again, losing soldiers in the process who cannot be replaced.”

Luttwak’s comments follow weeks of battlefield advances by Russian forces in the Donbass region. Western leaders have insisted that they can ensure a Ukrainian victory by providing aid to Kiev, but French President Emmanuel Macron suggested in February that direct troop deployments by NATO members could not be ruled out. European NATO members face a “momentous decision” because with US forces facing a growing threat of a potential Chinese attack on Taiwan, it will be up to them to provide the manpower that Ukraine needs, Luttwak said. “If Europe cannot provide enough troops, Russia will prevail on the battlefield, and even if diplomacy successfully intervenes to avoid a complete debacle, Russian military power will have victoriously returned to central Europe,” he added. NATO-Russia relations have deteriorated so much amid the Ukraine crisis that the Western alliance is already in “direct confrontation” with Moscow, Kremlin spokesman Dmitry Peskov said on Thursday. Putin has warned that NATO would risk triggering a nuclear conflict if its members send troops to Ukraine.

Luttwak suggested that by providing support troops for such tasks as troop training and repairing damaged equipment, NATO nations could free up more Ukrainians to serve on the front lines. “These NATO soldiers might never see combat, but they don’t have to in order to help Ukraine make the most of its own scarce manpower,” he said. The Romanian-born Luttwak, who was raised and educated largely in the UK, has advised the Pentagon, the US State Department, and the White House National Security Council, among other entities in Washington. A December 2015 profile of Luttwak by The Guardian billed him as “the Machiavelli of Maryland.” Now 81, he has reportedly advised clients ranging from the Dalai Lama to the prime minister of Kazakhstan. Despite being a proponent of Western involvement in the conflict, Luttwak was put on a Ukrainian blacklist in 2022 for opining that Kiev cannot realistically hope to defeat Russia outright and depose Putin.

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“..The newspaper – in the 19th century nicknamed “The Thunderer”, now owned by Rupert Murdoch, nicknamed “The Dirty Digger”..

Ukraine Plan Of Crocus Attack: Ethnic Pogroms, Civil War In Russia (Helmer)

“The unity of Russia’s multiethnic society,” President Vladimir Putin told the Russian Trade Union Congress on Thursday, “is the main fundamental condition of our success. In this connection, and based on the initial results of the investigation, we have grounds to believe that the main goal of those who masterminded the bloody and heinous terrorist attack in Moscow was to damage our unity.” Putin is repeating the message – four times in two weeks: earlier on March 23, March 25, and April 2 — because it happens to be true. What also happens to be true is that during the Yeltsin period, when asked by Moscow university students what I thought of anti-semitism in Russia, I said: Russians are the most primitive white tribe in the world – they are hostile to the other tribes, the Jews, Chechens, Armenians, Chukchi, Uzbeks, Tajiks — each one of them equally. After this sociology was elaborated, invitations to lecture at Moscow universities stopped.

The sociological problem which Russia’s enemies have is that the foreign white tribes, like the Galicians of the Ukraine, the Anglo Saxons, and the Blin-Noodle gang ruling Washington, make the primitive sociological mistake of thinking they can trigger intercommunal warfare inside Russia, to weaken and break it up. The British Secret Service (MI6) made their first abortive attempts at this during the Bolshevik revolution and the civil war following. The US Central Intelligence Agency (CIA) and MI6 have been plotting the same thing since 1945, increasing the resources and accelerating their efforts in the Caucasus during the Yeltsin administration of the 1990s.

It is therefore no surprise they have convinced their Ukrainian counterparts to implement the same scheme. On Tuesday of this week, The Times of London headlined this plan “Ukraine Stokes Anti-Immigrant Tensions in Russia”. The newspaper – in the 19th century nicknamed “The Thunderer”, now owned by Rupert Murdoch, nicknamed “The Dirty Digger” — reported an interview with Andrei Kovalenko, head of the Ukraine’s Centre for Countering Disinformation (CCD). By weaponizing local ethnic communities like the Tajiks in Russia, the operational objective, according to Kovalenko, is “to exploit divisions and distrust among the Russian public.”

Kovalenko is conceding the Ukraine strategy behind the Tajik gunmen’s attack on the Crocus City Hall on March 22. But the foreign tribesmen have misread the Russian sociology again. The attack has failed in its war objective. The theory of interethnic conflict in Russia was last tested in Moscow in January 2022 by the Levada Centre, a pollster registered as a foreign agent in 2016. Levada has been surveying ethnic Russian attitudes towards other ethnic groups since 2011, emphasizing for its own reasons what the Levada staff call anti-Semitism. The polling results over the years show that positive and negative Russian sentiment has been moving on several measures of social distance — acceptance as family members, friends, neighbours, citizens, temporary workers on visa – in different directions for different ethnic groups.

The improvement in the Russian perception of Ukrainians and Jews has been sharply reversed by the Kiev war on the Donbass and then the Israeli war against Gaza. By contrast, the political, economic, and media efforts of the Putin administration to cultivate strategic relations with China, the African states, and the Caucasus, including Chechnya, have accentuated the positive, diminished the negative.

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There are plenty people with such “takes”. But Musk gets MSM coverage.

MSM Reluctantly Admits Elon Musk’s Ukraine Takes Are Proving Correct (ZH)

“So, Musk may not be too wide of the mark after all”: Politico. Something which could hardly be imagined a year ago or even six months ago has happened this week: a Politico op-ed voices agreement with Elon Musk on Ukraine. Of course, the Wednesday piece still takes customary shots at the “wayward” billionaire and owner of X: “Wayward entrepreneur Elon Musk’s latest pronouncements regarding the war in Ukraine set teeth on edge, as he warned that even though Moscow has “no chance” of conquering all of Ukraine, “the longer the war goes on, the more territory Russia will gain until they hit the Dnipro, which is tough to overcome.” “However, if the war lasts long enough, Odesa will fall too,” he cautioned.

Statements like these, and Musk’s supposedly ‘alternative’ view of the crisis in general, have long invoked the wrath of mainstream media pundits. Yet publications like Politico now sing a different tune, but only after President Zelensky himself has signaled just how dire the battlefield situation actually is for his forces. Politico has previously featured headlines like ‘Elon Musk Is Transmitting a Message for Putin’. Musk in his recent Odesa commentary did no such thing, but merely urged the Ukrainians to find a way forward towards peace at the negotiating table before it’s too late. Again, lines such as the below coming out of the heart of the media establishment would have been impossible to come across a year ago… from Politico:

“With a history of urging Ukraine to agree to territorial concessions — and his opposition to the $60 billion U.S. military aid package snarled on Capitol Hill amid partisan wrangling — Musk isn’t Ukraine’s favorite commentator, to say the least. And his remarks received predictable pushback. But the billionaire entrepreneur’s forecast isn’t actually all that different from the dire warnings Ukrainian President Volodymyr Zelenskyy made in the last few days. According to Zelenskyy, unless the stalled multibillion-dollar package is approved soon, his forces will have to “go back, retreat, step by step, in small steps.” He also warned that some major cities could be at risk of falling.”

But we should point out that Musk has been a realist from the start, more in line with analysts such as John Mearsheimer, voicing positions which have proven right time and again, despite contradicting the bandwagon mainstream consensus at every turn. And here’s the kicker in the conclusion, from the Politico op-ed… “We don’t only have a military crisis — we have a political one,” one of the officers said. While Ukraine shies away from a big draft, “Russia is now gathering resources and will be ready to launch a big attack around August, and maybe sooner.” So, Musk may not be too wide of the mark after all.

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“..and the whole shootin’ match ends up twenty minutes later a smoldering, civilization-ending mess..”

Vectoring Dangerously (Kunstler)

If your situational awareness is well-tuned, you can put together a political weather report from the swirl of events that otherwise seem to confound the degenerate simps who pretend to report the news. Events are tending in the direction of self-reinforcing, ramifying chaos, and the people running the show are obviously insane as they do everything possible to hurry chaos along. Case in point: Antony Blinken, our Secretary of State, who announced yesterday that Ukraine will get rushed into NATO ASAP. Do you understand that would mean a direct, automatic, peremptory declaration of war against Russia, requiring all of NATO — that is, their combined militaries — to go kinetic inside Ukraine and theoretically inside Russia, too, (a move that has not worked out well for anyone in all of history), because Article Five of the NATO charter states that an armed attack against one is an attack against all, and must be answered with counter-attack? Thus, you see, Mr. Blinken just announced World War Three.

You might also consider that NATO does not have the capacity to fight that war. The European members don’t have sufficient troops and equipment, or financial reserves for that matter. And there is, of course, America’s under-recruited DEI army of transsexuals and video-gamers, with equipment that has already proven inadequate on-the-ground in Ukraine, and a logistical route for delivery of all that which runs 5,000 miles across an ocean and then another continent. . . whereas our opponent (Russia) is right next door to the battlefield and churning out munitions like there is no tomorrow (which there might well not be for all concerned). Even Adolf Hitler, the last fool to attempt a conquest of Russia, wouldn’t like those odds. And why would Russia desist from firing hypersonic missiles at Berlin, Paris, London, New York and. . . ? You get the idea. In which case the USA, backstopping NATO, would lob swarms of our nuclear missiles into Russia. . . and the whole shootin’ match ends up twenty minutes later a smoldering, civilization-ending mess.

Smooth move, Tony Blinken. In political weather terms, this is like an arctic shear cutting across the northern hemisphere. At the same time, you might notice a financial la Nina forming out over the salty sea. Gold chugged up above $2,300-an-ounce the past ten days, a record. That’s a coded message from Reality Central. My de-coder ring says it means the bond market is about to fall on its ass, taking the dollar down with it, which would swiftly domino into the way-overpriced equity markets, and Gawd knows what kind of maelstrom all the derivatives flotsam would get sucked into. Notice, too that Bitcoin goes up $3,000 one day and down $2,000 the next. Kind of sketchy. But that’s just my take. If you have one, I’d like to hear it. In any case, it looks like stormy financial weather which, if nothing else, is not exactly an advantageous accompaniment to a world war. In fact, it could beat a path quickly to something like empty supermarket shelves — and you know what they say about a population being a few missed meals away from anarchy.

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I had to sit down for half a hour. Didn’t expect this at all. /sarc off. It’s called money laudering.

Ukrainian Officials’ Wealth Surged During Conflict (RT)

Senior Ukrainian officials have significantly increased their personal wealth over the past two years despite the conflict with Russia, an analysis of self-reported income and assets has revealed. The study was conducted by the Ukrainian business news site Ekonomicheskaya Pravda based on mandatory disclosures required from officials concerning themselves and their family members. The deadline for reporting on the previous year expired on March 31, meaning that a complete dataset is now available to the public. A third of the senior officials picked by the newspaper for their sample reported new major assets, such as vehicles or real estate, the outlet reported on Wednesday. For their study, the journalists picked 2,200 top-tier members of various branches of the Ukrainian government, prioritizing those whose family names are most common in the country.

They tracked the changes in the holdings of these individuals by examining disclosures from this past year and previous years. The open hostilities with Russia started in February 2022. The officials chosen by the outlet reported 721 cars, 268 apartments, and 90 homes newly owned by their households over that period of time. The second half of 2022 saw the highest numbe of acquisitions in all three categories, but there has been only a relatively small drop in the rate of purchases since. The public servants also managed to boost their ownership of liquid assets in the form of cash and bank deposits by roughly a quarter. The US dollar was the most popular currency among Ukrainian officials, with a $6 million increase reported by the 2,200 people studied.

The outlet stressed that it likely underestimated the increase in wealth among officials since “not all of them follow their duty” and disclose their assets accurately. For instance, a former regional head is currently being investigated after failing to mention property worth some $1.8 million, which a news outlet had linked to members of his family. Some of the changes were due to changes in marital status, the report said. One MP, who married a wealthy businessman in 2023, consequently reported dozens of land plots owned by her new family, according to the article. The Ukrainian government relies heavily on foreign credit and aid to remain operational. Its central bank reported last month that in January and February a shortfall of financial support from other nations forced it to shift to borrowing domestically and depleting reserves to cover the budget deficit.

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“I watched the State of the Union, he was all jacked up at the beginning, by the end he was fading fast, there’s something going on there..”

Biden Was ‘Higher Than A Kite’ During SOTU Speech – Trump

Former US President Donald Trump has accused his Democratic rival, Joe Biden, of using drugs to get through his State of the Union address last month, and has insisted that he should be tested for drugs before any potential debates. Speaking with radio broadcaster Hugh Hewitt on Thursday, Trump claimed that Biden “was higher than a kite” during his speech, and described it as “the worst address I’ve ever seen.” He went on to recall last year’s scandal in which the Secret Service discovered a bag of cocaine at the White House, suggesting that Biden may have been “helped some way” to get through the annual address. “I watched the State of the Union, he was all jacked up at the beginning, by the end he was fading fast, there’s something going on there,” Trump said.

A plastic bag containing cocaine was discovered in a phone locker in the West Wing of the White House on July 2, 2023. After launching an investigation, the Secret Service dropped the case after only a few weeks, concluding that it was impossible to determine the owner of the drugs. The move sparked outrage among Biden’s critics, with many suggesting the cocaine may have belonged to the president’s son, Hunter, who has admitted to struggling with substance abuse. The White House officially denied any involvement of the Biden family in the case and praised the Secret Service’s “thorough investigation.”

Nevertheless, Trump has insisted that Biden should be tested for drugs before the two engage in debates ahead of November’s presidential election. The billionaire has previously called on the president to debate him “anywhere anytime.” Biden has not yet agreed to any debates with his rival, but said last month that it would depend on Trump’s “behavior.” Recent surveys have found that a majority of voters are concerned with the mental capabilities of both Trump and Biden, who are set to face off in the presidential election on November 5. A poll conducted by the Associated Press-NORC Center for Public Affairs Research last month found that 63% of American voters do not believe Biden has the mental capacity to serve effectively as president; 57% said the same thing about Trump.

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“..no newspaper in the United States has ever published a similar black square” in support of American journalist Gonzalo Lira..”

US Intel Services Use Journalists As Their Agents – Zakharova (TASS)

US special services use journalists as their agents in violation of US laws, Russian Foreign Ministry Spokeswoman Maria Zakharova said. Commenting on how the United States “celebrated” a year since the arrest of Evan Gershkovich, the Wall Street Journal journalist, accused of espionage in Russia, the diplomat drew attention to the way one of the latest March issues of The Wall Street Journal looks – almost the entire front page is blank. “And only the black and white face of Evan Gershkovich, a US citizen detained on suspicion of espionage, caught in the act, with the phrase ‘His story should be here,'” she wrote on her Telegram channel. “Evan Gershkovich could have written about the terrorist bombing of Russian cities by the neo-Nazi regime in Kiev in recent months. The militants are also shelling journalists, including American journalists – it could be a report from a hot spot that the Americans themselves created by pumping weapons and intelligence into the militants,” she pointed out.

“He could have written a great article about all the fellow journalists killed by the Kiev regime: Oles Buzina, Pavel Sheremet, Andrey Stenin, Anatoly Klein, Igor Kornelyuk, Anton Voloshin, and many others. He could have, but for some reason he didn’t write [about it] all those years he had worked in Russia. He could have, if he had been practicing journalism and not spying,” the spokeswoman emphasized. “By the way, I do not exclude that the American media was expressing its indignation at the American secret services, which continue to use journalists as their agents in violation of US law,” she said. Zakharova pointed to the fact that “no newspaper in the United States has ever published a similar black square” in support of American journalist Gonzalo Lira, “who spent eight months in the torture chambers of a Ukrainian prison and was finally killed by the Ukrainian Security Service in January.”

“By the way, has a criminal case been opened in the US for his murder? I haven’t heard of it,” she added. Gershkovich, a correspondent for the US newspaper The Wall Street Journal, was arrested in Russia in an espionage case. According to the Center for Public Relations of Russia’s Federal Security Service (FSB), Gershkovich, “acting as an agent for the American side, collected top-secret data about the activity of an enterprise of the Russian military-industrial complex.” In this connection, the journalist was detained in Yekaterinburg at the end of March 2023; criminal proceedings were initiated against him under Article 276 of the Russian Criminal Code (“Espionage”). Gershkovich faces up to 20 years in prison. He has not pleaded guilty.

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“The DOJ has filed opposition to Mr. Pope’s motion, saying it has “no obligation to investigate”..”

Jan. 6 Defendant Video Raises Questions About Undercover Agents (ET)

Recently released Jan. 6 U.S. Capitol Police security video shows a suspected FBI special agent clapping and cheering as crowds surged up steps to the Columbus Doors and another meeting with an FBI tactical team just before it entered the Capitol after the fatal shooting of Ashli Babbitt. The videos were first identified by defendant William Pope of Topeka, Kansas, in court filings in his own Jan. 6 criminal case. Exhibits Mr. Pope originally filed under seal have become public since the release of thousands of hours of Jan. 6 security video by the Committee on House Administration Subcommittee on Oversight. Two possible FBI special agents and a third unknown colleague were with John D. Guandolo, the FBI’s former liaison with U.S. Capitol Police, at the Women for a Great America event on the East Front of the Capitol on Jan. 6, 2021, according to Mr. Pope.

In sworn testimony in a December 2022 Alaska civil court trial and in numerous media appearances, Mr. Guandolo said he was with two FBI special agents and a colleague with whom he traveled to Washington on Jan. 6. Mr. Guandolo has indicated that he was also introduced to other FBI personnel at the Capitol that day. Mr. Pope is seeking to compel federal prosecutors to identify them all. He said even if the men were at the Capitol on personal time, their free movement around the grounds shows they did not believe the Capitol was off limits to the public. Mr. Guandolo, who handled counterterrorism and criminal investigations for nearly 13 years—from 1996 to 2008—as an FBI special agent, has said he was at the Capitol in a personal capacity and went primarily to pray. He was interviewed by the FBI about his Jan. 6 visit on July 6, 2022. A heavily redacted copy of the FBI 302 interview summary has been made public.

Security video shows that as the crowd broke through the police line on the East Plaza and surged up the steps to the Columbus Doors, one of Mr. Guandolo’s colleagues clapped enthusiastically. “Oh, oh, oh man, this is huge,” the man said, heard on Mr. Guandolo’s cell phone video that showed the crowd ascending the east steps. On Capitol Police security Camera 7231, which looks out at the House Egg on the East Front, Mr. Guandolo was seen filming while standing on a chair just before 2:05 p.m. The clapping man, wearing a grey knit cap and dark coat, is identified in Mr. Pope’s court filing as “the Clapper” and “Colleague 2.” While Colleague 2 cheered the protesters’ advance on the Capitol, a man on Mr. Guandolo’s left, “Colleague 1,” had his phone raised, presumably capturing his own video of the advancing crowd. He wore a brown knit cap and blue jacket, and carried a backpack, video showed.

Mr. Pope asked U.S. District Judge Rudolph Contreras to compel the Department of Justice to identify all FBI agents “who were material witnesses at the Capitol.” Mr. Pope wants the FBI “to produce all photographs, videos, and records related to their presence.” The DOJ has filed opposition to Mr. Pope’s motion, saying it has “no obligation to investigate” who the men in the videos are. Some of the exhibits in Mr. Pope’s Feb. 12 motion were redacted, but the recent release of thousands of hours of Jan. 6 security video by the Subcommittee on Oversight allows them to be released publicly, Mr. Pope said.

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“The Federal Reserve then did the only thing it knows how to do: It hiked interest rates.”

Bidenomics and Its Discontents (Galbraith)

Unemployment is low. Inflation has fallen. Real earnings are rising. GDP growth has held up—so far. The economists are happy, but for some reason the voters are not! It must be their own ignorance and obtuseness—so says Paul Krugman, house economist of The New York Times. The other possibility—however horrible to contemplate—is that perhaps the voters are sensible and the economists are obtuse. And perhaps the indicators on which economists rely no longer mean what economists suppose them to mean. Take the unemployment rate. It is a ratio of those seeking work to the whole active labor force. In past times, most households depended on a single earner, for whom holding a job was a make-or-break proposition. If unemployment was rising or high—say 7 percent, typical in recessions—then, even though 93 percent of the labor force was still working, fear of unemployment amplified the woes of those actually out of work.

Conversely, if unemployment was low or falling, most workers felt reasonably secure. The unemployment rate, back then, was a reasonable indicator of distress or well-being. Those days are long gone. Today’s typical American working household has several earners, sometimes in multiple jobs. If one earner loses a job while the others keep theirs, she may leave the workforce for a time; there is the option of making do with less, and for some there is early retirement. She will not, in that case, count as unemployed—however difficult her life. A low jobless rate can mask a great deal of stress in such households. The employment-to-population ratio is still a bit below where it was in 2020, and far below where it was in 2000; average weekly hours are still falling. Next, consider inflation, which is the rate of price change measured month-to-month or year-to-year. But what matters to consumers is prices in relation to household incomes over several years.

In 1980 Ronald Reagan famously asked, “Are you better off than you were four years ago?” Today, millions of American households are worse off than they were in 2020. Basic living costs, such as gasoline, utilities, food, and housing, have risen more than their incomes have. Real median household income peaked in 2019 and fell at least through 2022. Yes, but didn’t real wages go up sharply in 2023? According to the Biden-friendly Center for American Progress, real wages (for those continuously employed) have indeed now recovered roughly to where they would have been had no pandemic occurred. But there is a great distinction between steady progress and a sawtooth down-and-up. The former breeds confidence; the latter does not. Then there is the ending of Covid-19 relief. Pandemic programs gave millions of Americans a financial cushion for a time; early on, the payments were often larger than previous paychecks and, while they lasted, poverty and food insecurity went down. (By 2021 Covid tax credits and relief payments brought child poverty down to a record low of 5.2 percent.)

Most Americans were prudent with the support, but they often used it, not unwisely, to achieve a touch of independence from dreary jobs. With that support gone, the cushions erode, savings decline, debt rises–and families feel the pressure to go back to work on whatever terms that employers offer. They don’t like that very much. As people return to work, how secure are their jobs? In the golden years during which today’s older generation of economists learned their textbook tools, a worker’s job was often a lifetime affair. Autoworkers (and their associates in rubber and glass) might suffer periodic layoffs, but they could expect to be called back; their skills and experience remained useful. That was all over by the 1980s.

Since then, factories close and do not return, and practically all new jobs have been in routine services, with mediocre wages and high turnover. The pandemic drove home the fragility of these jobs to everyone—even those who had never lost a job before. Interest rates are another problem. Long ago, Joe Biden kicked the can of “fighting inflation” over to the Federal Reserve. The Federal Reserve then did the only thing it knows how to do: It hiked interest rates. Mortgage rates were around 3 percent in 2021; today they are at least twice that. High interest rates hit young families looking for their first house, and they hit established households, often older, looking to sell their homes. And high interest on consumer debt eats away at disposable incomes. The capital wealth of the middle class falls, to the benefit of those with cash to spare. The second group is much smaller and far richer than the first.

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“..RFK is right that the Biden administration engaged in censorship through agencies, but it wasn’t exactly a secret..”

RFK Jr. Is Right About Joe Biden (ZH)

Robert F. Kennedy Jr. can be an unhinged leftist and crackpot, but he also happens to be correct about President Joe Biden’s attacks on constitutional order, particularly free expression. Speaking to an incredulous Erin Burnett on CNN this week, Kennedy argued that Biden was a bigger threat to “democracy” than Donald Trump, a position that clashes with the media’s entire 2024 campaign messaging. In a more decent world, we’d be debating which presidential candidate was better at upholding the constitutional order, rather than which one was worse. That is not our fate. And yet, the unique thing about the 2024 presidential contest is that voters are given a chance to compare existing presidential records. Kennedy contends that Biden “is the first candidate in history, the first president in history that has used the federal agencies to censor political speech or censor his opponent.”

One suspects Eugene Debs might quibble with this characterization, though not since the Committee on Public Information has there been a White House that has shown such disdain for free expression and debate. Biden is the first president to openly and secretly pressure major communication companies to take direction and work in conjunction with state agencies to censor debate. The same left-wingers who do not believe in any limiting principles while regulating economic life will lecture us about how so-called platforms are free to work with anyone they please, including the White House. OK, but tech companies also spend tens of millions each year in Washington rent-seeking and lobbying for favorable regulations. They are highly susceptible to state intimidation. When Biden deputizes massive communication companies to act as censors, he’s merely taking a shortcut in the suppression of speech that undercuts, at the very minimum, the spirit and purpose of the First Amendment.

One might even call this brand of state-corporate relationship “semi-fascist.” RFK is right that the Biden administration engaged in censorship through agencies, but it wasn’t exactly a secret. Recall Jen Psaki informing us that the White House was “flagging problematic posts for Facebook that spread disinformation.” Biden claimed that allowing unfettered speech on Facebook during COVID was “killing people.” Just contemplate the media’s reaction if Trump’s White House had been keeping lists of “problematic” posts. Remember, as well, White House Communications Director Kate Bedingfield warning that social media companies “should be held accountable” for the ideas of those who use their websites. Was she talking about the ideas that spurred the 2020 Black Lives Matter riots, the most expensive in history? Was she talking about those who spread conspiracy theories about Russian collusion? Probably not. Though Trump never did anything to inhibit the spread of criticism or conspiracy theories.

Luntz

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Judge McAfee: “Jack Smith had made “no reference to the Presidential Records Act” in his indictment of Trump, giving the former president’s lawyers no legal grounds to invoke it..”

The prosecutor can bring it up, but the defense can’t.

Judges Reject Trump’s Attempts To Quash Cases (RT)

Judges in Florida and Georgia have shot down attempts by former US President Donald Trump to have two criminal cases against him thrown out of court. The cases pertain to his alleged mishandling of classified documents and efforts to interfere with the 2020 election. Fulton County Superior Court Judge Scott McAfee ruled on Thursday that the former president cannot use his constitutional right to free speech to dodge election interference charges in Georgia. Trump has been charged with state-level racketeering offenses for instructing his campaign staff to find evidence of election fraud by the Democratic Party, and for a taped phone call made to Georgia Secretary of State Brad Raffensperger in which he asked Raffensperger to “find 1,780 votes,” which would have guaranteed him a razor-thin victory in the state.

McAfee ruled that this statement was made “in furtherance of criminal activity,” and is therefore not protected by the First Amendment to the US Constitution. Trump’s lawyer, Steve Sadow, said in a statement that “President Trump and other defendants respectfully disagree with Judge McAfee’s order and will continue to evaluate their options regarding the First Amendment challenges.” While the ruling is a setback for Trump, McAfee handed Trump a minor victory last month when he dismissed three out of 13 charges against the former president and multiple counts against his senior aides and lawyers. Trump has also appealed a decision by McAfee to allow Fulton County District Attorney Fani Willis to continue prosecuting the case, after it emerged that she benefited financially from her intimate relationship with a lawyer she hired to lead the prosecution.

Trump is facing three other criminal cases: two federal litigations concerning his alleged mishandling of classified documents and his alleged incitement of the January 6, 2021 riot on Capitol Hill, and a state-level case in New York concerning his ‘hush money’ payments to porn star Stormy Daniels. Later on Thursday, the Florida judge overseeing the classified documents case declined a request by Trump to dismiss the charges based on his claim that the Presidential Records Act authorized him to take the documents from the White House to his Mar-a-Lago estate.

The judge did not rule Trump’s claim true or false, but noted that government prosecutor Jack Smith had made “no reference to the Presidential Records Act” in his indictment of Trump, giving the former president’s lawyers no legal grounds to invoke it. Trump views all four cases as part of an overarching conspiracy by Democrats and their allies to prevent him from contesting this year’s election. In a post to his Truth Social platform on Easter Sunday, Trump condemned the “crooked and corrupt prosecutors and judges that are doing everything possible to interfere with the presidential election of 2024 and put me in prison,” including “deranged Jack Smith” and “sick Fani Willis.”

Mike Davis
https://twitter.com/i/status/1776275373027741797

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The Supreme Court must be much more assertive.

Supreme Court Faces ‘High Stakes’ Decisions on Trump-Related Cases (ET)

The combination of several Trump-related cases, the potential for landmark changes to legal precedent, the vigorous calls for reform, and the coming elections have made 2024 a year of high impact decisions for the court. One decision has already impacted the course of the 2024 presidential campaign. In March, the justices rejected an effort that could have resulted in millions of President Trump’s supporters not having their preferred candidate on the ballot. During oral argument, Justice Amy Coney Barrett referenced the “very high stakes” surrounding the case, which has been described as the court’s most influential election-related matter since Bush v. Gore. Its landmark opinion in Trump v. Anderson foreclosed the possibility that states like Colorado could, under their existing authority, remove federal candidates from ballots. The majority opinion, however, has been criticized for lacking clarity around how Congress should act.

The decision emphasized the role of Congress in enforcing the 14th Amendment, while the three liberal justices and Justice Barrett favored a more limited approach that overruled state authority over federal candidates for office. President Trump’s immunity appeal, scheduled for oral argument on April 25, could impact his Florida documents case and hush money trial, wherein he has requested a delay pending the Supreme Court’s decision on his D.C. immunity claims. The stinging criticism that followed the court’s unanimous opinion in Trump v. Anderson indicates no matter how united the justices are, they will continue to face heavy scrutiny—especially when it comes to President Trump. President Trump’s appeal, like Mr. Navarro’s, questions the separation of powers as well as the authority of the legislative and judiciary branches in challenging the executive.

In Trump v. Anderson, the court avoided wading into the specifics of President Trump’s alleged wrongdoing on Jan. 6 and will likely try to do the same with his immunity appeal. But their decisions in two other cases might impact the indictment in President Trump’s federal election case. A challenge brought by Jan. 6 defendants against the DOJ’s use of an Enron-era obstruction charge in prosecutions will be heard before the high court on April 16. In the federal election case, two of those charges were brought against President Trump. If the court rules in the defendants’ favor, as some legal experts predict, that could lessen the burden for President Trump in D.C. while also provoking scrutiny of the justices’ approach to Jan. 6. The court’s decision in the presidential immunity appeal could similarly either upend or affirm the prosecution—likely sparking backlash from either side depending on the outcome.

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Disconnect.

How The West Lost Control Of The Gold Market (Henry Johnston)

What is important to understand here is that the creation of a derivative market satisfies demand for gold that would otherwise go to the physical market. Only a limited amount of gold exists and can be mined but an unlimited amount of gold derivatives can be underwritten. As Gromen explains, when monetary expansion drives demand for gold (due to the inflation this brings), there are two ways this demand can be dealt with: let the price of gold rise as more dollars chase the same amount of gold; or permit more paper claims to be created on the same amount of gold, which allows the pace of gold’s rise to be managed. There are several important implications of this. The rise of the paper market has clearly played an important role in defanging gold in its role as exerting a hard limit on expansionary policy, thus implicitly reinforcing the credibility of the dollar. But it has also meant that the gold price has largely been determined by investment flows rather than physical demand.

And when we’re talking about investment flows, we mean first and foremost Western institutional investors. Given that gold trades essentially as a cyclical asset, institutional investors have primarily traded gold based on movements in real US interest rates – meaning interest rates adjusted for inflation. Gold is bought when real rates fall and vice versa. The logic is that when interest rates rise, money managers can earn more by switching to bonds or cash, thus increasing the opportunity cost of holding non-interest-bearing assets such as gold. By the same token, lower rates make gold – seen as a hedge against inflation – more attractive. This correlation has been particularly strong over the last 15 years or so and many analysts date it back further than that. So let’s go a step further and pose the following question: If Western institutional money has been driving the price, who has been on the other side of the trade when actual gold does change hands?

To oversimplify a bit, the model worked roughly as follows, as has been explained by gold analyst Jan Nieuwenhuijs: Western institutions essentially controlled the price of gold and bought from the East in bull markets and sold to the East in bear markets. This makes sense, because the Western side of this trade essentially consisted of investors who in any asset class tend to chase the price higher. The East, meanwhile, was characterized more by consumer demand. Because consumers are price-sensitive, they tend to buy when the price is low and are happy to sell into a rising market. So gold flowed from East to West in bull markets and from West to East in bear markets. But, as we mentioned above, it was the Western institutional investors who were in the driver’s seat in this trade. This was the well-established state of affairs up until 2022, which happens to be when the Ukraine proxy war began and the US took the bold step of freezing some $300 billion in Russian central bank assets.

A coincidence or not, what happened that year was that the correlation between US real rates and gold broke down and has not been restored. The first sign of an impending shift was that, in first few months after the Fed embarked on a sharp rate-hike cycle in March 2022, gold did drop but proved much more resilient to the rising rates than correlation models would have suggested. But the real breakdown in the correlation started around September of that year, when gold prices actually started climbing even as real rates remained flat. In fact, from late October 2022 through June 2023, the gold price rose 17%. Meanwhile, over 2023, US real yields rose (despite quite a bit of volatility), which, according to the old correlation, should have meant a decline in gold prices as higher yields elsewhere would make non-yielding gold less attractive. However, gold rose 15% for the year.

Read more …

 

 

 

 

Vodka
https://twitter.com/i/status/1775995652951978353

 

 

Live forever

 

 

Matrix
https://twitter.com/i/status/1776221960416157920

 

 

Jaguar

Kingfisher
https://twitter.com/i/status/1776014518650618272

 

 

Elephants

 

 

Ostrich

 

 

 

 

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

 

 

 

 

 

Sep 102023
 
 September 10, 2023  Posted by at 9:15 am Finance Tagged with: , , , , , , , ,  26 Responses »


Pieter Bruegel the Elder The Fall of Icarus 1558

 

Wrongheaded US Leadership in Ukraine – Larry Johnson, Ray McGovern, Nap (Sp.)
Ice Cracking Sounds On Frozen Lake of US-Russia Relations (Bhadrakumar)
Musk Talked To Russian Ambassador Before Starlink Decision – WaPo (RT)
Musk: US Military Vulnerability Due to Slow Production Rate, Like Ukraine (Sp.)
NATO’s DU ‘Perfect Storm’ of Toxic Pollution in Breadbasket Ukraine (Tweedie)
Biden Admin Likely Violated 1st Amendment On Social Media: 5th Circuit (ZH)
Ukraine Will Be Ready To Join EU In Two Years – Kiev (RT)
G20 Declaration On Ukraine A ‘Blow To Western Countries’ (Sp.)
Russia and China Have Effectively Ditched The Dollar – Moscow (RT)
The Daunting Physics of ‘Bidenomics’ (Rall)
World Is ‘Laughing At’ The US – Alaska Governor (RT)
‘Greedflation’ Ravaging Western Europe – Nikkei (RT)
Robert F. Kennedy Jr. Wants His Party Back (ET)
Proud Boys Leader Enrique Tarrio Drops Bombshell (GP)
Japan’s Mount Fuji ‘In Real Crisis’ – Officials (RT)

 

 

Japan vaccine

 

 

 

 

Hoax

 

 

 

 

Obama Minimize
https://twitter.com/i/status/1700313493428228549

 

 

 

 

DARPA McCullough

 

 

Macgregor

 

 

 

 

 

 

Excellent conversation.

“Tony, look at a map,” and just look at the progress that “has not been made by Ukraine..”

Wrongheaded US Leadership in Ukraine – Larry Johnson, Ray McGovern, Nap (Sp.)

The United States is blatantly lying about the botched Ukrainian counteroffensive, former CIA analyst Larry Johnson said in an interview with Judge Andrew Napolitano on his Judging Freedom podcast. “Tony, look at a map,” and just look at the progress that “has not been made by Ukraine,” said the retired CIA intelligence officer and State Department official, as he commented on recent remarks made by US Secretary of State Antony Blinken in Kiev. During his unannounced visit to the Ukrainian capital, Blinken, standing alongside Ukrainian President Volodymyr Zelensky, touted that the Ukrainian military had made “real progress” in its counteroffensive in the “last few weeks.” The Ukrainian president’s assessment of the battlefront developments “matches our own,” continued Blinken, who went over to Kiev to pledge a new aid package for Ukraine worth over $1 billion.

In fact, “Russia has been steadily pushing to the [west],” Johnson said, pointing out that the battle of Artemovsk was the “last big conflict” on the battlefront that Ukraine’s military was engaged in. “They [the US] don’t understand Russian defensive tactics,” Johnson emphasized. In May 2023, the Russian military liberated Artemovsk (also known as Bakhmut), a Donbass city reduced to ruins in over eight months of brutal house-to-house fighting. The Artemovsk operation destroyed tens of thousands of Ukrainian troops and foreign mercenaries, while Russia built up its reserves and prepared defenses in Donbass, Zaporozhye, and Kherson for Kiev’s much-heralded summer offensive

“Americans have been had,” added Ray McGovern, a former top US intel analyst, who also joined the Judging Freedom podcast. He pointed out that, “Billions of money had gone to Ukraine, with a lot of it syphoned off.” He told the host that America was “losing” in the proxy war against Russia in Ukraine. Nevertheless, senior-level members of the US intelligence community continue “to delude themselves, their colleagues, the press, and the public,” regarding the actual developments on the ground, specified Larry Johnson. These officials refused to wake up to the reality that Ukraine was experiencing “shortage of ammunition, shortage of manpower, trouble recruiting people,” etc.

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“What distinguishes Umerov is that he was a key negotiator at the peace talks with Russia in Istanbul last year in March, which actually resulted in an agreed document … Again, he was instrumental in negotiating the Black Sea Grain Initiative..”

Ice Cracking Sounds On Frozen Lake of US-Russia Relations (Bhadrakumar)

Meanwhile, on September 6, Blinken embarked on quite an untypical visit to Kiev. There was no fire in his belly. For once, he didn’t threaten Russia or ridicule Putin from Ukrainian soil. Nor did Blinken show much enthusiasm for Kiev’s counteroffensive. Rather, his focus was on the war’s horrific trail causing human suffering, Ukraine’s post-conflict recovery as a democracy and its economy’s reconstruction. Blinken said repeatedly that he was undertaking the visit on Biden’s instruction. In the presence of President Zelensky, Blinken stated:

“We are determined in the United States to continue to walk side by side with you. And President Biden asked me to come, to reaffirm strongly our support, to ensure that we are maximising the efforts that we’re making and other countries are making for the immediate challenge of the counteroffensive as well as the longer-term efforts to help Ukraine build a force for the future that can deter and defend against any future aggression, but also to work with you and support you as you engage in the critical work of strengthening your democracy, rebuilding your economy.”

Stirring words, but there was no boastful talk of liberating Crimea, carrying the fight into the Russian camp or forcing Russia to vacate the annexed territories and negotiating with Russia only from a position of strength. At Blinken’s joint press availability with Ukrainian Foreign Minister Dmytro Kuleba, the latter claimed that they had a “substantive” discussion on providing long-range rockets, ATACMS to Kiev. But Blinken sidestepped the topic. The most unusual thing about Blinken’s visit was that it spilled over to a second day. This must be the first time Blinken spent a night in Ukraine. Blinken had a rather tight schedule on the first day meeting Kuleba, Zelensky and Prime Minister Denis Shmigal, but the itinerary for the second day [September 7], was left open. Obviously, he came to Kiev for some serious discussions.

Conceivably, Biden could be interested in starting peace talks between Moscow and Kiev now that the Ukrainian counteroffensive has failed to meet its politico-military objectives, and there are worrisome signs of support waning in America and Europe for the proxy war, while a Russian offensive could deal a knockout punch on Ukraine’s military. Both Russian and western estimates are that close to 65-70,000 Ukrainian soldiers were killed in these past 3 months alone since Kiev’s “counteroffensive” began. Meanwhile, in an interesting coincidence, on September 6, Ukraine’s parliament Verkhovna Rada approved the appointment of Rustem Umerov as the new Defence Minister replacing Alexei Reznikov. A Crimean Tatar born in Uzbekistan (USSR), Umerov has no previous military background. But he is trusted by Zelensky and is acceptable to the Americans.

What distinguishes Umerov is that he was a key negotiator at the peace talks with Russia in Istanbul last year in March, which actually resulted in an agreed document (from which Zelensky subsequently retracted under Anglo-American pressure.) Again, he was instrumental in negotiating the Black Sea Grain Initiative (so-called grain deal between Ukraine and Russia) which became operational in July last year at Istanbul. These are straws in the wind that must be duly noted.

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Even RT gets it upside down: “..secretly instructed engineers to turn off coverage..” No, he did not. There was never any coverage to be shut down. He declined to activate it.

Musk Talked To Russian Ambassador Before Starlink Decision – WaPo (RT)

SpaceX CEO Elon Musk spoke to Russia’s ambassador to the US, Anatoly Antonov, before making the decision to switch off his Starlink satellite internet service in Crimea last September to thwart a Ukrainian attack on the peninsula, the Washington Post has reported. On Thursday, the paper published more details about Musk cutting Starlink coverage to prevent a Ukrainian seaborne drone strike on the Russian Black Sea Fleet base in Sevastopol. The events that occurred have been described in a biography of the tech billionaire by historian Walter Isaacson that is due to hit shelves next week. With Kiev’s forces poised to launch their attack, Musk spoke with Antonov, who told him that a strike on Crimea, which became part of Russia after a referendum in 2014, “could lead to a nuclear response” by Moscow, Isaacson said in his book.

“In later conversations with a few other people, he [Musk] seemed to imply that he had spoken directly to [Russian] President Vladimir Putin, but to me he said his communications had gone through the ambassador,” the historian wrote. According to Isaacson, Musk concluded that “allowing the use of Starlink for the attack… could be a disaster for the world.” He therefore took matters into his own hands and secretly instructed engineers to turn off coverage within 100km of the Crimean coast. As a result of the move, the six explosive-laden Ukrainian drones, which relied on Starlink for navigation, “lost connectivity and washed ashore harmlessly.” Musk started receiving “frantic” calls from Kiev as soon as the Ukrainians realized that the satellite service wasn’t working.

They tried to explain to the billionaire that the drones were “crucial to their fight for freedom,” but Musk still refused to switch Starlink back on. He argued that Ukraine was “going too far and inviting strategic defeat” by targeting Crimea, Isaacson wrote. The historian also claimed that Musk had discussed the situation with US National Security Adviser Jake Sullivan and Chairman of the Joint Chiefs of Staff General Mark Milley, explaining to them that he didn’t intend for Starlink to be used for offensive purposes. Musk provided a slightly different account of events in a series of posts on X (formerly Twitter), saying that Starlink was never active around Crimea and that he simply turned down Ukrainian calls to provide coverage in the area.

“If I had agreed to their request, then SpaceX would be explicitly complicit in a major act of war and conflict escalation,” he argued. Commenting on revelations from Isaacson’s book, Mikhail Podoliak, a senior aide to Ukrainian President Vladimir Zelensky, said that Musk’s decision was the result of “a cocktail of ignorance and big ego.” The billionaire “committed evil” by allowing the Russian fleet to continue striking Ukrainian targets with Kalibr missiles, he claimed. Former Russian President Dmitry Medvedev, who now serves as deputy head of the country’s Security Council, described Musk as “the last adequate mind in North America” for preventing a strike on Crimea.

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It’s going to take many years.

Musk: US Military Vulnerability Due to Slow Production Rate, Like Ukraine (Sp.)

US military vulnerability primarily “stems from the slow pace of production,” American entrepreneur and billionaire Elon Musk has pointed out. The tech guru took to his social media platform X (formerly Twitter), to comment on last year’s post by the company Anduril Industries. On its five-year anniversary, the military technology company had argued the need for a joint effort if it was expected to “transform US and allied military capabilities with advanced technology.” We need “a new group of defense technology companies to Reboot the Arsenal of Democracy,” the firm had stated. The entrepreneur also emphasized that making new prototypes is easy, but putting them into production is hard.

This comes as the third month of Ukraine’s botched counteroffensive has wrapped up, with the Kiev regime unable to boast any significant military gains, while US stockpiles of munitions are getting “dangerously low”. As of August 30, 2023, Ukraine has reportedly lost 466 airplanes, 247 helicopters, 6,234 unmanned aerial vehicles, 433 air defense missile systems, 11,570 tanks and other armored fighting vehicles, 1,146 fighting vehicles equipped with MLRS, 6,128 field artillery cannons and mortars, as well as 12,528 special military motor vehicles since the beginning of the special military operation.

Meanwhile, the US unveiled the latest military package for the Kiev regime, worth $250 million, late in August, including AIM-9M missiles for air defense, munitions for High Mobility Artillery Rocket Systems (HIMARS), 155mm and 105mm artillery ammunition, mine-clearing equipment, Javelin and other anti-armor systems and rockets, three million rounds of small arms ammunition, as well as other items. However, by continuing to funnel military aid to Kiev the US is reportedly fast-depleting its own military caches of various weapons. Thus, depletion of US stockpiles of 155mm artillery shells (for howitzer use) was recently cited in a US report, with the additional revelation that Washington was sending Kiev 155mm and 105mm shells for the simple reason that it no longer had adequate stockpiles of 155mm shells.

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“..high-level radioactive waste contaminants can be found in uranium waste streams that then get made into depleted uranium.”

NATO’s DU ‘Perfect Storm’ of Toxic Pollution in Breadbasket Ukraine (Tweedie)

NATO-supplied depleted uranium (DU) rounds will contaminate Ukraine’s ‘breadbasket’ grain-growing regions with radioactive waste, a nuclear watchdog has warned. This week the US followed the UK in announcing the supply of the controversial armor-piercing rounds for the M1 Abrams tanks it is supplying to the Kiev regime. British Challenger 2 tanks equipped with DU penetrators have already seen action in the Zaporozye region — with at least one meeting a fiery end. Depleted uranium is the left-over material from the enrichment process used to make fuel rods for nuclear power reactors and — at higher levels — elements of nuclear weapons. The concentration of fissile uranium-235 isotope in depleted uranium is about 0.3 percent, 40 percent of the level of element in its unenriched state, but it still emits around 60 percent as much atomic radiation as natural uranium.

Most of that is in the form of alpha particles from U-238 and U-234 — the most harmful form of radiation if ingested into the body — with beta particles given out by decay products that form within a few weeks. Watchdog Kevin Kamps told Sputnik that US national security spokesman John Kirby’s claim that DU penetrator rods were not radioactive or carcinogenic was simply not true. “Depleted uranium munitions are really intended to be armor piercing. They can bust tanks, they can penetrate through concrete,” Kamps explained. “It’s because they’re so dense. Uranium is the densest isotope an element on the periodic table.” The harmful nature of DU is well understood, the expert pointed out. “Uranium in nature is hazardous to begin with,” Kamps said. “It’s a toxic heavy metal. It is what they say as mildly radioactive, which is kind of a misnomer, radioactivity is hazardous even in mild form.”

He added that DU is often mixed with radioactive waste from nuclear power plants. “In both the United States, where this depleted uranium munitions is coming from, but also in other countries, there’s a mixing of uranium waste streams off of the enrichment process,” Kamps noted. “And what that can often mean is high-level radioactive waste contaminants can be found in uranium waste streams that then get made into depleted uranium.” What makes DU even more toxic is its pyrophoric properties — the material ignites on hitting its target, as well as pulverizing into microscopic dust from the near-hypersonic velocity impact. “It’s kind of the perfect storm of hazard. You’ve got toxic heavy metal, you’ve got radioactivity that can be contaminated with much higher level radioactivity from high-level radioactive waste,” Kamps stressed. “And then it turns into a fine dust that you can breathe in, that blows on the wind, that settles on the water and flows downstream and downwind and harms people and other living beings all along the way.”

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I posted Justin Hart’s tweet yesterday, with a long list of officials affected by the decision. Will they stop?

Biden Admin Likely Violated 1st Amendment On Social Media: 5th Circuit (ZH)

The 5th Circuit Court of Appeals ruled on Friday that several Biden administration officials had likely breached the First Amendment by pressuring social media companies to moderate or take down content they deemed problematic. And here is Exhibit A of that First Amendment-crushing coercion and collusion… which obviously began in the Trump-era under Anthony Fauci. ZeroHedge was banned from Twitter one day after this email. In an unsigned 75-page opinion, three 5th Circuit judges agreed with the plaintiffs that the administration “ran afoul of the First Amendment” by at times threatening social media platforms with antitrust action or changes to law protecting them from liability.

However, as The Epoch Times’ Aldgra Fredly reports, the three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals narrowed much of an injunction issued by a Louisiana judge that restricted Democratic President Joe Biden’s administration from communicating with social media companies. The court said that the White House, Surgeon General, Centers for Disease Control and Prevention (CDC), and the FBI “likely coerced or significantly encouraged social media platforms to moderate content” in violation of the First Amendment. “It is true that the officials have an interest in engaging with social media companies, including on issues such as misinformation and election interference,” the three-judge panel said in a 74-page ruling (pdf) on Sept. 8. “But the government is not permitted to advance these interests to the extent that it engages in viewpoint suppression,” they added.

The court found that the officials made “express threats” and “inflammatory accusations” by saying that the platforms were “poisoning the public” and “killing people.” The platforms were told they needed to take “greater responsibility and action.” “Then, they followed their statements with threats of ‘fundamental reforms’ like regulatory changes and increased enforcement actions that would ensure the platforms were ‘held accountable’. But, beyond express threats, there was always an unspoken ‘or else,'” it added. The court also said the officials encouraged social media platforms to moderate content by “exercising active, meaningful control over those decisions,” particularly concerning the platforms’ moderation policies.

According to the ruling, the FBI “regularly met with the platforms, shared ‘strategic information,’ frequently alerted the social media companies to misinformation spreading on their platforms, and monitored their content moderation policies.” “But, the FBI went beyond that—they urged the platforms to take down content. Turning to the Second Circuit’s four-factor test, we find that those requests were coercive,” it added. The judges emphasized that the government cannot supervise a platform’s content moderation decisions and cannot impose “legal, regulatory, or economic consequences” if they refuse to comply with a given request. “Social media platforms’ content-moderation decisions must be theirs and theirs alone,” the court asserted.

The attorneys general of Louisiana and Missouri, along with several social media users, had sued last year, saying Facebook, YouTube, and Twitter engaged in censorship as a result of repeated urging by government officials and threats of heightened regulatory enforcement. The lawsuit said the censored views included content questioning anti-COVID-19 measures such as masks and vaccine mandates and allegations of election fraud.

Watters 5th circuit

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Not going to happen.

Ukraine Will Be Ready To Join EU In Two Years – Kiev (RT)

Ukraine should be ready to become an EU member in the next two years, Deputy Prime Minister Olga Stefanishina told Voice of America on Friday. As Kiev’s official responsible for “European and Euro-Atlantic integration,” she says her nation is one of the “best prepared” for such a step. “I believe that two years would be enough for full preparedness,” Stefanishina said, when asked about Ukraine’s EU prospects. She also vowed to do “10 times more than we do now” to achieve the goal once the conflict with Moscow ends. However, the minister admitted that the timeline would ultimately be determined by the “course of war.”

According to Stefanishina, Ukraine remains one of the “best prepared [nations] for the EU accession” since it is “a big part of the European economy” even in the midst of armed conflict. The country is one of the EU’s “top 20” import partners and the Ukrainian domestic market is “the biggest” on the territory of Europe, she stated. At the same time, she admitted that Ukraine’s economic role in the EU would remain largely agricultural. “With all those agricultural lands… there can be no reality, in which Ukraine stops being an agrarian country,” she said. The bloc itself has been in no rush to accept Kiev into its ranks. EU officials have refused to set specific timelines for Ukraine’s accession, saying that it must first address issues such as rampant corruption and introduce comprehensive legal reforms. In 2022, France said that the process might eventually take years.

In early September, Austrian Foreign Minister Alexander Schallenberg warned that fast-tracking membership for Ukraine would spell “geostrategic disaster” since it would show that some nations are “more equal than others.” Former French President Nicolas Sarkozy also said on Friday that accepting the ex-Soviet republic into both the EU and NATO would increase Washington’s sway over the EU dramatically. Kiev might also join NATO even sooner than the EU, Stefanishina proposed, saying that the US-led military bloc would be happy to have a member with “one of the strongest armies” after, she said, it beats Moscow. The minister admitted, though, that Ukraine’s accession to the alliance is a “political decision,” while still maintaining that this decision was “taken in Vilnius,” which hosted the latest NATO summit.

Ukrainian President Vladimir Zelensky produced a scandal at the meeting in mid-July, when he condemned NATO for what he called “indecisiveness” over a lack of a clear roadmap for Kiev’s membership. He allegedly angered US officials to the extent that they briefly considered withdrawing Ukraine’s invitation to the bloc. Then British Defense Secretary Ben Wallace also criticized Kiev over its lack of gratitude for Western military aid, explaining that the US and its allies were “not Amazon.”

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“I think that following Putin’s non-participation in this forum, our country’s exit from the organization is also possible. We must give preference to those platforms that can implement our projects and our ideas. BRICS can do this, the SCO can do this, but the G20 cannot ,” [Deputy Chairman of the Federation Council Committee Andrei] Klimov said.

G20 Declaration On Ukraine A ‘Blow To Western Countries’ (Sp.)

The declaration of the G20 summit in India was a blow to the West, a British business newspaper reports, adding that this highlights the lack of global consensus in support of Kiev. The G20 leaders earlier in the day said in the New Delhi Summit Declaration that they had different views on and assessments of the Ukraine conflict during discussions of the issue, but all of them jointly call for respect for the UN Charter. “That statement, hammered out over weeks of negotiations between diplomats, is a blow to western countries that have spent the past year attempting to convince developing countries to condemn Moscow and support Ukraine,” the newspaper wrote. “The New Delhi summit declaration refers only to the ‘war in Ukraine’, a formulation that supporters of [Kiev] such as the US and NATO allies have previously rejected as it implies both sides are equally complicit,” the report added.

Russian G20 Sherpa Svetlana Lukash, meanwhile, emphasized that the declaration demonstrates the group’s balanced position on the Ukraine conflict and its intention to settle all conflicts around the world. “As for the Ukrainian case, I can say that the negotiations were very complex and, above all, the collective position of the BRICS countries and other partners has borne fruit … What we have been hearing all year, that the Ukrainian conflict is worsening the food security situation, is now reflected in a balanced way,” Lukash told journalists. Half of the group’s members refused to accept Western narratives, she said, adding that a “consensus language” had been used in the declaration. In addition, the G20 members have agreed to work jointly for peace, security, and conflict resolution around the world, Lukash said.

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“At the beginning of 2022 it was hovering around 25%, now it is exceeding 80%.”

Russia and China Have Effectively Ditched The Dollar – Moscow (RT)

The de-dollarization of Russia-China trade is practically complete, according to Georgy Zinoviev, the director of the Russian Foreign Ministry’s First Asian Department, as cited by RIA Novosti. The official said the share of the US dollar in mutual settlements between the neighboring nations has substantially shrunk over the past two years. “The share of national currencies in Russian-Chinese payments is growing at an extremely rapid pace,” Zinoviev told the news agency. “At the beginning of 2022 it was hovering around 25%, now it is exceeding 80%.” He added that the volume of trading in the ruble-yuan pair on the Moscow Exchange (MOEX) outpaced volumes in the dollar-ruble pair long ago. According to Zinoviev, Russian and Chinese businesses are “rapidly moving away from the ‘toxic’ Western currencies, opting for the ruble and yuan as more reliable and safe way of payment.”

The diplomat noted that Moscow and Beijing have developed vital tools to make it possible to “facilitate all necessary transactions as much as possible,” despite international political and economic instability that significantly affects financial institutions and their ability to efficiently operate. The changes reflect Russia’s move away from transactions in the currencies of ‘unfriendly countries’ against the backdrop of sanctions. Earlier this year, Finance Minister Anton Siluanov said the country no longer trusts the dollar, calling it “a completely unreliable instrument.” Zinoviev’s comments come ahead of the 8th Eastern Economic Forum, which kicks off on September 10 in Vladivostok, Russia. Most of the discussions at the annual event will focus on trade, business, and investment.

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“..In the short term — i.e., between now and the presidential election—prices would need to fall back to pre-Biden levels. The average US gas price in January 2021 when Biden took office was $2.42 per gallon. Now it’s $3.95..”

The Daunting Physics of ‘Bidenomics’ (Rall)

Democrats are confident enough about how things are going that “Bidenomics” is at the center of their case for another four years in the White House; however, this is a rosy picture few voters can see as Americans consistently give US President Joe Biden low marks for his handling of the economy. “I’ve never seen this big of a disconnect between how the economy is actually doing and key polling results about what people think is going on,” Heidi Shierholz, president of the Economic Policy Institute, a liberal think tank, told US media. What gives? Jason Furman, who served as chairman of the Council of Economic Advisers under the Obama White House, points to a yearslong trend that only ended recently: wages haven’t kept up with inflation, leaving the average worker $2,000 worse off than during the final year of the Trump presidency.

“The way to think about that is people were in an incredibly deep hole because of inflation and we’re still not all the way out of that hole,” Furman says. The problem for Biden is, what people would need to have happen in order to feel that inflation was truly behind them would be horrible for the economy – not to mention his prospects for reelection: deflation. During our lifetimes, ideal economic conditions in a healthy economy feature an annual official inflation rate in the single digits, a policy economists call inflation targeting. Prices rise, but if wages go up even faster employees are happy. Low inflation incentivizes consumers to buy sooner rather than later, when prices will be higher. But, as Furman points out, that hasn’t been the case lately. Airfares went up 28.5% in 2022. Butter rose 31.4%. Eggs a whopping 59.9%. So we’re displeased.

What will it take to convince voters that inflation is no longer a problem? In the short term — i.e., between now and the presidential election—prices would need to fall back to pre-Biden levels. The average US gas price in January 2021 when Biden took office was $2.42 per gallon. Now it’s $3.95. The Federal Reserve’s efforts to reduce inflation appear to be working. Prices are rising at a slower rate and that’s the problem for Democrats. Mechanical physics provides a helpful parallel. Many economists and political analysts seem to think of inflation rate as analogous to velocity. In their view, reducing the inflation rate from 8% to 3% is a victory for inflation-targeting fiscal policy. Indeed, if a 3% inflation rate (coupled with wages that rise faster than 3%) remains in effect indefinitely, people will eventually feel good (or less bad) about the economy. As the economist John Maynard Keynes observed a century ago, however, “in the long run, we will all be dead.” And the Democrats’ calendar is much shorter than that, a mere 14 months.

Before inflation-affected consumers can be persuaded to tap their feet to “Happy Days Are Here Again,” they’ll have to pass through several stages of recovery. First, they’ll feel less bad. Then comes meh. Penultimately, they’ll see themselves paying off credit card and other debts they ran up during the inflationary period. Only after those lingering financial hangovers are past will they be able to achieve what feels like the final stage, prosperity: earning enough to pay one’s bills while setting a surplus aside in the form of savings. With Americans’ credit card debt hitting the staggering benchmark of $1 trillion and rising, we are currently in the “less bad”/”meh” stage. But it’s hard to see what Biden or the Fed or anyone else can do in order to promote a sunnier view of the economy.

A lower inflation rate—even an ideal one in the low single digits—still means higher prices. We will probably not see $2.42 per gallon gas, the price in early 2021, any time soon, if ever. Gas prices will likely continue to increase to $4.00 and $4.05 and $4.10 and on and on and on, adding minor injury to gaping wound.

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“..So 2024 can’t come soon enough for most of us.”

World Is ‘Laughing At’ The US – Alaska Governor (RT)

The US government’s decision to cancel oil and gas drilling licenses and forbid further drilling will “hobble” the country’s economy and makes no sense except to advance the green agenda, Alaska Governor Mike Dunleavy has declared. President Joe Biden’s administration on Wednesday canceled seven ten-year oil and gas drilling licenses granted to the Alaska Industrial Development and Export Authority (AIDEA) by former President Donald Trump. Biden’s Department of the Interior followed up this decision by issuing a proposal to forbid future leases on more than 40% of the National Petroleum Reserve in Alaska.

Biden said that these two measures “will help preserve our Arctic lands and wildlife,” adding on Saturday that he would “continue to take bold action to meet the urgency of the climate crisis and to protect our lands and waters for generations to come.” Speaking to Fox News on Thursday, Dunleavy said that “this makes absolutely no sense from any perspective unless your goal is to drive up the cost of oil and gas so much that it makes certain renewables cheaper.” Dunleavy, a Republican, claimed that Russia, China, Saudi Arabia, and Iran are “laughing” at Biden’s energy policy. “They’re laughing together at the United States of America,” the governor said. “I can’t find anywhere in, really the history of nation-states or empires, where they worked at hobbling themselves to such a degree that’s happening currently with this administration. So 2024 can’t come soon enough for most of us.”

Gasoline prices have soared under Biden, reaching a record average high of just over $5 per gallon last June, up from around $2 when the president took office. Prices began to rise when Biden signed an executive order in January 2021 banning new oil and gas licenses on federal land, and spiked as the conflict in Ukraine rocked global energy markets. Ahead of last year’s midterm elections, Biden attempted to stabilize gasoline prices by draining the US’ strategic petroleum reserve, and by unsuccessfully lobbying the Saudi-led Organization of Petroleum Exporting States to cut production. The AIDEA argues that Biden has no legal right to rescind existing drilling licenses and told Fox News that it intends to challenge the decision in court.

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“..Roughly 50% of price increases in the region resulted from local companies passing higher costs on to consumers..”

“..growth in corporate profits accounted for 45% of inflation in Europe last year..”

‘Greedflation’ Ravaging Western Europe – Nikkei (RT)

Inflation continues to rage in Western Europe, with monthly consumer prices soaring by over 14% in the UK and more than 10% in Germany, according to a Nikkei report. Some retailers have been hiking prices out of proportion with their underlying costs, it claimed. Roughly 50% of price increases in the region resulted from local companies passing higher costs on to consumers, the outlet estimated. Consumption has slumped across the region as price increases have outpaced wage growth. Nikkei cited an analysis of annual results from 70 European food retail and manufacturing companies by the management consultancy Oliver Wyman, which reportedly found that absolute EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 11% at food retailers and 12% at manufacturers in 2022, compared to the previous year. That growth was mostly driven by increased revenues.

“Companies in the food sector viewed the inflation context as an opportunity to review their price management,” Rainer Muench, partner at Oliver Wyman, was quoted as saying.

According to the IMF data, cited by Nikkei, growth in corporate profits accounted for 45% of inflation in Europe last year, higher than the 40% attributed to the higher cost of imports. A survey of households by the European Commission reportedly found the perceived rate of inflation over the past year has risen to 26% among low-income families, the highest in 20 years. Earlier this year, Bank of England Governor Andrew Bailey accused domestic retailers of driving ‘greedflation,’ claiming that certain businesses were “overcharging customers” as millions of families struggle to make ends meet. The BoE has also warned that British households and businesses need to accept that they are worse off and should stop asking for wage increases and pushing prices higher.

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“I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.“

Robert F. Kennedy Jr. Wants His Party Back (ET)

On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming town hall tour of a state where Joe Biden won close to 49 percent of the vote in the 2020 Democratic primary. Mr. Kennedy spoke about his 2024 presidential campaign. Democrat pundits say he is a fringe candidate who spreads conspiracy theories. Polls show him with the highest favorability rating of any presidential candidate. There is no path for Mr. Kennedy to defeat President Biden, critics claim, despite questions about President Joe Biden’s age and mental fitness, low approval ratings, and surveys showing that Americans are concerned about the economy. Earlier this year, the Democratic National Committee voted to give its full support to the president.

Mr. Kennedy agrees that unseating an incumbent president in the same party is a daunting challenge but disagrees with doubters who say he has no chance of securing the nomination. The 2024 presidential nominee will be announced during the Democratic National Convention in Chicago next summer. Until then, Mr. Kennedy intends to continue to press his case. “The DNC has around $2 billion, and they’re spending that money generously to try to marginalize me in many ways, but I think most Democrats care about one thing more than anything else, which is to beat Donald Trump,” Mr. Kennedy told The Epoch Times. “I think President Biden cannot do that. I can.” Mr. Kennedy is the nephew of President John F. Kennedy, who was assassinated in 1963; and the son of Robert F. Kennedy, who was shot and killed after a campaign speech while running for president in 1968.

During his town halls and meet-and-greets, Mr. Kennedy tells stories from time spent with his uncle and father and connects them to his presidential campaign. He wants to continue his father’s legacy of uniting Americans from all economic classes and ethnic backgrounds. “I think we do that by telling the truth to people. My dad did it that way. He talked about uncomfortable issues but talked about the truth. I think people are tired of being lied to by the government, by the media,” Mr. Kennedy said. “My dad ran against an incumbent president in his own party (Lyndon B. Johnson) during a divisive time. I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.”

RFK

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“..because I refused to lie about President Trump it cost me twenty-two years of my life.”

Proud Boys Leader Enrique Tarrio Drops Bombshell (GP)

“They asked me to LIE about President Trump in order to indict him,” Enrique Tarrio exclusively told the Gateway Pundit. “I told them to pound sand, and because I refused to lie about President Trump it cost me twenty-two years of my life.” “The truth is, I could have been home,” said Tarrio. “I could have been home a long time ago. I could be in my warm ass bed right now, laughing at the world, without a problem…and all I had to do in order to do that WAS LIE ABOUT TRUMP. All I had to do was confirm a lie.” Tarrio opened up to the Gateway Pundit after he was sentenced to decades in prison by the Dishonorable Judge Kelly on Tuesday.

He told us that the prosecutors in the Department of Justice attempted to coerce him into signing a false statement that would implicate President Trump by swearing that “through several degrees of separation and connections, Tarrio had communicated with Trump regarding ‘plans’ for January 6th.” On Friday night The Gateway Pundit held a Twitter space with Enrique Tarrio as special guest. TGP reporters Cara Castronuova and Alicia Powe organized Friday night’s Twitter Space. During Friday night’s Twitter Space Enrique Tarrio repeated his accusations against the Biden regime. Later in the discussion Enrique disclosed two names of Biden officials who were in the meeting when he was pressured by federal agents to lie about President Trump.

Enrique Tarrio announced two DOJ officials who were in the room during this meeting: ** DOJ Lead Prosecutor Jocelyn Ballantine ** Assistant US Attorney Jason McCullough Jocelyn Ballantine was a DOJ attorney staffed on General Michael Flynn’s prosecution. The DOJ admitted to altering evidence in Flynn’s case and the government eventually dropped the case against General Flynn. Ballantine was caught lying during a DOJ investigation of Strzok and McCabe. She still holds a job as a top official in Merrick Garland’s DOJ.

https://twitter.com/i/status/1700542330682347608

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No, not “climate change”. Tourism. In Athens, numbers of visitors to the Acropolis are being limited. New York City is severely cutting into AirBnB rentals.

Japan’s Mount Fuji ‘In Real Crisis’ – Officials (RT)

Mount Fuji, one of Japan’s sacred mountains and a popular pilgrimage site, could become less attractive if the number of tourists is not brought under control, the local authorities warn. “Fuji is screaming in pain. We can’t just wait for improvement,” Masatake Izumi, a Yamanashi prefectural government official, told CNN during a tour for foreign media on Saturday, adding that “overtourism” needs to be tackled urgently. Izumi was quoted by Reuters as saying that “Fuji faces a real crisis” because of the “uncontrollable” flow of tourists. “We fear that Mount Fuji will soon become so unattractive, nobody would want to climb it,” he said.

According to government officials, the post-Covid tourism boom has brought thousands of hikers to the mountain, causing environmental damage and placing extra pressure on the first aid services. Despite the introduction of a campaign urging visitors not to litter, with volunteers removing tons of trash each year, both hikers and caretakers complain about overcrowding and the piles of litter left along the path. Mount Fuji ranger Miho Sakurai told reporters that there are “way too many people on Mount Fuji at the moment,” including many inexperienced “first timers,” often underdressed, poorly equipped, and prone to hypothermia or altitude sickness. As a result, rescue requests have increased by 50% from last year and one person died in April in a climbing accident.

An active volcano known for its picturesque snowcap and one of Japan’s national symbols, the mountain was recognized as a UNESCO World Cultural Heritage site in 2013. The number of visitors to Fuji more than doubled between 2012 and 2019 to 5.1 million, according to CNA news agency. This week, government officials met to discuss “overcrowding and breaches of etiquette” across high-traffic tourist spots, with Yamanashi Governor Kotaro Nagasaki proposing the construction of a light railway to control the number of people accessing the site. “We need a shift from quantity to quality when it comes to tourism on Mount Fuji,” Nagasaki said. A local ranger called the prospect of Mount Fuji losing its heritage status “devastating.”

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Kids having fun
https://twitter.com/i/status/1700240513838760320

 

 

Water filters are now labeled “pesticides” (because they contain silver).

 

 

Elephants
https://twitter.com/i/status/1700575172858675668

 

 

Tuna

 

 

CGI

 

 

 

 

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

 

 

 

 

 


Pieter Bruegel the Elder The Fall of Icarus 1558

 

Wrongheaded US Leadership in Ukraine – Larry Johnson, Ray McGovern, Nap (Sp.)
Ice Cracking Sounds On Frozen Lake of US-Russia Relations (Bhadrakumar)
Musk Talked To Russian Ambassador Before Starlink Decision – WaPo (RT)
Musk: US Military Vulnerability Due to Slow Production Rate, Like Ukraine (Sp.)
NATO’s DU ‘Perfect Storm’ of Toxic Pollution in Breadbasket Ukraine (Tweedie)
Biden Admin Likely Violated 1st Amendment On Social Media: 5th Circuit (ZH)
Ukraine Will Be Ready To Join EU In Two Years – Kiev (RT)
G20 Declaration On Ukraine A ‘Blow To Western Countries’ (Sp.)
Russia and China Have Effectively Ditched The Dollar – Moscow (RT)
The Daunting Physics of ‘Bidenomics’ (Rall)
World Is ‘Laughing At’ The US – Alaska Governor (RT)
‘Greedflation’ Ravaging Western Europe – Nikkei (RT)
Robert F. Kennedy Jr. Wants His Party Back (ET)
Proud Boys Leader Enrique Tarrio Drops Bombshell (GP)
Japan’s Mount Fuji ‘In Real Crisis’ – Officials (RT)

 

 

Japan vaccine

 

 

 

 

Hoax

 

 

 

 

Obama Minimize
https://twitter.com/i/status/1700313493428228549

 

 

 

 

DARPA McCullough

 

 

Macgregor

 

 

 

 

 

 

Excellent conversation.

“Tony, look at a map,” and just look at the progress that “has not been made by Ukraine..”

Wrongheaded US Leadership in Ukraine – Larry Johnson, Ray McGovern, Nap (Sp.)

The United States is blatantly lying about the botched Ukrainian counteroffensive, former CIA analyst Larry Johnson said in an interview with Judge Andrew Napolitano on his Judging Freedom podcast. “Tony, look at a map,” and just look at the progress that “has not been made by Ukraine,” said the retired CIA intelligence officer and State Department official, as he commented on recent remarks made by US Secretary of State Antony Blinken in Kiev. During his unannounced visit to the Ukrainian capital, Blinken, standing alongside Ukrainian President Volodymyr Zelensky, touted that the Ukrainian military had made “real progress” in its counteroffensive in the “last few weeks.” The Ukrainian president’s assessment of the battlefront developments “matches our own,” continued Blinken, who went over to Kiev to pledge a new aid package for Ukraine worth over $1 billion.

In fact, “Russia has been steadily pushing to the [west],” Johnson said, pointing out that the battle of Artemovsk was the “last big conflict” on the battlefront that Ukraine’s military was engaged in. “They [the US] don’t understand Russian defensive tactics,” Johnson emphasized. In May 2023, the Russian military liberated Artemovsk (also known as Bakhmut), a Donbass city reduced to ruins in over eight months of brutal house-to-house fighting. The Artemovsk operation destroyed tens of thousands of Ukrainian troops and foreign mercenaries, while Russia built up its reserves and prepared defenses in Donbass, Zaporozhye, and Kherson for Kiev’s much-heralded summer offensive

“Americans have been had,” added Ray McGovern, a former top US intel analyst, who also joined the Judging Freedom podcast. He pointed out that, “Billions of money had gone to Ukraine, with a lot of it syphoned off.” He told the host that America was “losing” in the proxy war against Russia in Ukraine. Nevertheless, senior-level members of the US intelligence community continue “to delude themselves, their colleagues, the press, and the public,” regarding the actual developments on the ground, specified Larry Johnson. These officials refused to wake up to the reality that Ukraine was experiencing “shortage of ammunition, shortage of manpower, trouble recruiting people,” etc.

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“What distinguishes Umerov is that he was a key negotiator at the peace talks with Russia in Istanbul last year in March, which actually resulted in an agreed document … Again, he was instrumental in negotiating the Black Sea Grain Initiative..”

Ice Cracking Sounds On Frozen Lake of US-Russia Relations (Bhadrakumar)

Meanwhile, on September 6, Blinken embarked on quite an untypical visit to Kiev. There was no fire in his belly. For once, he didn’t threaten Russia or ridicule Putin from Ukrainian soil. Nor did Blinken show much enthusiasm for Kiev’s counteroffensive. Rather, his focus was on the war’s horrific trail causing human suffering, Ukraine’s post-conflict recovery as a democracy and its economy’s reconstruction. Blinken said repeatedly that he was undertaking the visit on Biden’s instruction. In the presence of President Zelensky, Blinken stated:

“We are determined in the United States to continue to walk side by side with you. And President Biden asked me to come, to reaffirm strongly our support, to ensure that we are maximising the efforts that we’re making and other countries are making for the immediate challenge of the counteroffensive as well as the longer-term efforts to help Ukraine build a force for the future that can deter and defend against any future aggression, but also to work with you and support you as you engage in the critical work of strengthening your democracy, rebuilding your economy.”

Stirring words, but there was no boastful talk of liberating Crimea, carrying the fight into the Russian camp or forcing Russia to vacate the annexed territories and negotiating with Russia only from a position of strength. At Blinken’s joint press availability with Ukrainian Foreign Minister Dmytro Kuleba, the latter claimed that they had a “substantive” discussion on providing long-range rockets, ATACMS to Kiev. But Blinken sidestepped the topic. The most unusual thing about Blinken’s visit was that it spilled over to a second day. This must be the first time Blinken spent a night in Ukraine. Blinken had a rather tight schedule on the first day meeting Kuleba, Zelensky and Prime Minister Denis Shmigal, but the itinerary for the second day [September 7], was left open. Obviously, he came to Kiev for some serious discussions.

Conceivably, Biden could be interested in starting peace talks between Moscow and Kiev now that the Ukrainian counteroffensive has failed to meet its politico-military objectives, and there are worrisome signs of support waning in America and Europe for the proxy war, while a Russian offensive could deal a knockout punch on Ukraine’s military. Both Russian and western estimates are that close to 65-70,000 Ukrainian soldiers were killed in these past 3 months alone since Kiev’s “counteroffensive” began. Meanwhile, in an interesting coincidence, on September 6, Ukraine’s parliament Verkhovna Rada approved the appointment of Rustem Umerov as the new Defence Minister replacing Alexei Reznikov. A Crimean Tatar born in Uzbekistan (USSR), Umerov has no previous military background. But he is trusted by Zelensky and is acceptable to the Americans.

What distinguishes Umerov is that he was a key negotiator at the peace talks with Russia in Istanbul last year in March, which actually resulted in an agreed document (from which Zelensky subsequently retracted under Anglo-American pressure.) Again, he was instrumental in negotiating the Black Sea Grain Initiative (so-called grain deal between Ukraine and Russia) which became operational in July last year at Istanbul. These are straws in the wind that must be duly noted.

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Even RT gets it upside down: “..secretly instructed engineers to turn off coverage..” No, he did not. There was never any coverage to be shut down. He declined to activate it.

Musk Talked To Russian Ambassador Before Starlink Decision – WaPo (RT)

SpaceX CEO Elon Musk spoke to Russia’s ambassador to the US, Anatoly Antonov, before making the decision to switch off his Starlink satellite internet service in Crimea last September to thwart a Ukrainian attack on the peninsula, the Washington Post has reported. On Thursday, the paper published more details about Musk cutting Starlink coverage to prevent a Ukrainian seaborne drone strike on the Russian Black Sea Fleet base in Sevastopol. The events that occurred have been described in a biography of the tech billionaire by historian Walter Isaacson that is due to hit shelves next week. With Kiev’s forces poised to launch their attack, Musk spoke with Antonov, who told him that a strike on Crimea, which became part of Russia after a referendum in 2014, “could lead to a nuclear response” by Moscow, Isaacson said in his book.

“In later conversations with a few other people, he [Musk] seemed to imply that he had spoken directly to [Russian] President Vladimir Putin, but to me he said his communications had gone through the ambassador,” the historian wrote. According to Isaacson, Musk concluded that “allowing the use of Starlink for the attack… could be a disaster for the world.” He therefore took matters into his own hands and secretly instructed engineers to turn off coverage within 100km of the Crimean coast. As a result of the move, the six explosive-laden Ukrainian drones, which relied on Starlink for navigation, “lost connectivity and washed ashore harmlessly.” Musk started receiving “frantic” calls from Kiev as soon as the Ukrainians realized that the satellite service wasn’t working.

They tried to explain to the billionaire that the drones were “crucial to their fight for freedom,” but Musk still refused to switch Starlink back on. He argued that Ukraine was “going too far and inviting strategic defeat” by targeting Crimea, Isaacson wrote. The historian also claimed that Musk had discussed the situation with US National Security Adviser Jake Sullivan and Chairman of the Joint Chiefs of Staff General Mark Milley, explaining to them that he didn’t intend for Starlink to be used for offensive purposes. Musk provided a slightly different account of events in a series of posts on X (formerly Twitter), saying that Starlink was never active around Crimea and that he simply turned down Ukrainian calls to provide coverage in the area.

“If I had agreed to their request, then SpaceX would be explicitly complicit in a major act of war and conflict escalation,” he argued. Commenting on revelations from Isaacson’s book, Mikhail Podoliak, a senior aide to Ukrainian President Vladimir Zelensky, said that Musk’s decision was the result of “a cocktail of ignorance and big ego.” The billionaire “committed evil” by allowing the Russian fleet to continue striking Ukrainian targets with Kalibr missiles, he claimed. Former Russian President Dmitry Medvedev, who now serves as deputy head of the country’s Security Council, described Musk as “the last adequate mind in North America” for preventing a strike on Crimea.

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It’s going to take many years.

Musk: US Military Vulnerability Due to Slow Production Rate, Like Ukraine (Sp.)

US military vulnerability primarily “stems from the slow pace of production,” American entrepreneur and billionaire Elon Musk has pointed out. The tech guru took to his social media platform X (formerly Twitter), to comment on last year’s post by the company Anduril Industries. On its five-year anniversary, the military technology company had argued the need for a joint effort if it was expected to “transform US and allied military capabilities with advanced technology.” We need “a new group of defense technology companies to Reboot the Arsenal of Democracy,” the firm had stated. The entrepreneur also emphasized that making new prototypes is easy, but putting them into production is hard.

This comes as the third month of Ukraine’s botched counteroffensive has wrapped up, with the Kiev regime unable to boast any significant military gains, while US stockpiles of munitions are getting “dangerously low”. As of August 30, 2023, Ukraine has reportedly lost 466 airplanes, 247 helicopters, 6,234 unmanned aerial vehicles, 433 air defense missile systems, 11,570 tanks and other armored fighting vehicles, 1,146 fighting vehicles equipped with MLRS, 6,128 field artillery cannons and mortars, as well as 12,528 special military motor vehicles since the beginning of the special military operation.

Meanwhile, the US unveiled the latest military package for the Kiev regime, worth $250 million, late in August, including AIM-9M missiles for air defense, munitions for High Mobility Artillery Rocket Systems (HIMARS), 155mm and 105mm artillery ammunition, mine-clearing equipment, Javelin and other anti-armor systems and rockets, three million rounds of small arms ammunition, as well as other items. However, by continuing to funnel military aid to Kiev the US is reportedly fast-depleting its own military caches of various weapons. Thus, depletion of US stockpiles of 155mm artillery shells (for howitzer use) was recently cited in a US report, with the additional revelation that Washington was sending Kiev 155mm and 105mm shells for the simple reason that it no longer had adequate stockpiles of 155mm shells.

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“..high-level radioactive waste contaminants can be found in uranium waste streams that then get made into depleted uranium.”

NATO’s DU ‘Perfect Storm’ of Toxic Pollution in Breadbasket Ukraine (Tweedie)

NATO-supplied depleted uranium (DU) rounds will contaminate Ukraine’s ‘breadbasket’ grain-growing regions with radioactive waste, a nuclear watchdog has warned. This week the US followed the UK in announcing the supply of the controversial armor-piercing rounds for the M1 Abrams tanks it is supplying to the Kiev regime. British Challenger 2 tanks equipped with DU penetrators have already seen action in the Zaporozye region — with at least one meeting a fiery end. Depleted uranium is the left-over material from the enrichment process used to make fuel rods for nuclear power reactors and — at higher levels — elements of nuclear weapons. The concentration of fissile uranium-235 isotope in depleted uranium is about 0.3 percent, 40 percent of the level of element in its unenriched state, but it still emits around 60 percent as much atomic radiation as natural uranium.

Most of that is in the form of alpha particles from U-238 and U-234 — the most harmful form of radiation if ingested into the body — with beta particles given out by decay products that form within a few weeks. Watchdog Kevin Kamps told Sputnik that US national security spokesman John Kirby’s claim that DU penetrator rods were not radioactive or carcinogenic was simply not true. “Depleted uranium munitions are really intended to be armor piercing. They can bust tanks, they can penetrate through concrete,” Kamps explained. “It’s because they’re so dense. Uranium is the densest isotope an element on the periodic table.” The harmful nature of DU is well understood, the expert pointed out. “Uranium in nature is hazardous to begin with,” Kamps said. “It’s a toxic heavy metal. It is what they say as mildly radioactive, which is kind of a misnomer, radioactivity is hazardous even in mild form.”

He added that DU is often mixed with radioactive waste from nuclear power plants. “In both the United States, where this depleted uranium munitions is coming from, but also in other countries, there’s a mixing of uranium waste streams off of the enrichment process,” Kamps noted. “And what that can often mean is high-level radioactive waste contaminants can be found in uranium waste streams that then get made into depleted uranium.” What makes DU even more toxic is its pyrophoric properties — the material ignites on hitting its target, as well as pulverizing into microscopic dust from the near-hypersonic velocity impact. “It’s kind of the perfect storm of hazard. You’ve got toxic heavy metal, you’ve got radioactivity that can be contaminated with much higher level radioactivity from high-level radioactive waste,” Kamps stressed. “And then it turns into a fine dust that you can breathe in, that blows on the wind, that settles on the water and flows downstream and downwind and harms people and other living beings all along the way.”

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I posted Justin Hart’s tweet yesterday, with a long list of officials affected by the decision. Will they stop?

Biden Admin Likely Violated 1st Amendment On Social Media: 5th Circuit (ZH)

The 5th Circuit Court of Appeals ruled on Friday that several Biden administration officials had likely breached the First Amendment by pressuring social media companies to moderate or take down content they deemed problematic. And here is Exhibit A of that First Amendment-crushing coercion and collusion… which obviously began in the Trump-era under Anthony Fauci. ZeroHedge was banned from Twitter one day after this email. In an unsigned 75-page opinion, three 5th Circuit judges agreed with the plaintiffs that the administration “ran afoul of the First Amendment” by at times threatening social media platforms with antitrust action or changes to law protecting them from liability.

However, as The Epoch Times’ Aldgra Fredly reports, the three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals narrowed much of an injunction issued by a Louisiana judge that restricted Democratic President Joe Biden’s administration from communicating with social media companies. The court said that the White House, Surgeon General, Centers for Disease Control and Prevention (CDC), and the FBI “likely coerced or significantly encouraged social media platforms to moderate content” in violation of the First Amendment. “It is true that the officials have an interest in engaging with social media companies, including on issues such as misinformation and election interference,” the three-judge panel said in a 74-page ruling (pdf) on Sept. 8. “But the government is not permitted to advance these interests to the extent that it engages in viewpoint suppression,” they added.

The court found that the officials made “express threats” and “inflammatory accusations” by saying that the platforms were “poisoning the public” and “killing people.” The platforms were told they needed to take “greater responsibility and action.” “Then, they followed their statements with threats of ‘fundamental reforms’ like regulatory changes and increased enforcement actions that would ensure the platforms were ‘held accountable’. But, beyond express threats, there was always an unspoken ‘or else,'” it added. The court also said the officials encouraged social media platforms to moderate content by “exercising active, meaningful control over those decisions,” particularly concerning the platforms’ moderation policies.

According to the ruling, the FBI “regularly met with the platforms, shared ‘strategic information,’ frequently alerted the social media companies to misinformation spreading on their platforms, and monitored their content moderation policies.” “But, the FBI went beyond that—they urged the platforms to take down content. Turning to the Second Circuit’s four-factor test, we find that those requests were coercive,” it added. The judges emphasized that the government cannot supervise a platform’s content moderation decisions and cannot impose “legal, regulatory, or economic consequences” if they refuse to comply with a given request. “Social media platforms’ content-moderation decisions must be theirs and theirs alone,” the court asserted.

The attorneys general of Louisiana and Missouri, along with several social media users, had sued last year, saying Facebook, YouTube, and Twitter engaged in censorship as a result of repeated urging by government officials and threats of heightened regulatory enforcement. The lawsuit said the censored views included content questioning anti-COVID-19 measures such as masks and vaccine mandates and allegations of election fraud.

Watters 5th circuit

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Not going to happen.

Ukraine Will Be Ready To Join EU In Two Years – Kiev (RT)

Ukraine should be ready to become an EU member in the next two years, Deputy Prime Minister Olga Stefanishina told Voice of America on Friday. As Kiev’s official responsible for “European and Euro-Atlantic integration,” she says her nation is one of the “best prepared” for such a step. “I believe that two years would be enough for full preparedness,” Stefanishina said, when asked about Ukraine’s EU prospects. She also vowed to do “10 times more than we do now” to achieve the goal once the conflict with Moscow ends. However, the minister admitted that the timeline would ultimately be determined by the “course of war.”

According to Stefanishina, Ukraine remains one of the “best prepared [nations] for the EU accession” since it is “a big part of the European economy” even in the midst of armed conflict. The country is one of the EU’s “top 20” import partners and the Ukrainian domestic market is “the biggest” on the territory of Europe, she stated. At the same time, she admitted that Ukraine’s economic role in the EU would remain largely agricultural. “With all those agricultural lands… there can be no reality, in which Ukraine stops being an agrarian country,” she said. The bloc itself has been in no rush to accept Kiev into its ranks. EU officials have refused to set specific timelines for Ukraine’s accession, saying that it must first address issues such as rampant corruption and introduce comprehensive legal reforms. In 2022, France said that the process might eventually take years.

In early September, Austrian Foreign Minister Alexander Schallenberg warned that fast-tracking membership for Ukraine would spell “geostrategic disaster” since it would show that some nations are “more equal than others.” Former French President Nicolas Sarkozy also said on Friday that accepting the ex-Soviet republic into both the EU and NATO would increase Washington’s sway over the EU dramatically. Kiev might also join NATO even sooner than the EU, Stefanishina proposed, saying that the US-led military bloc would be happy to have a member with “one of the strongest armies” after, she said, it beats Moscow. The minister admitted, though, that Ukraine’s accession to the alliance is a “political decision,” while still maintaining that this decision was “taken in Vilnius,” which hosted the latest NATO summit.

Ukrainian President Vladimir Zelensky produced a scandal at the meeting in mid-July, when he condemned NATO for what he called “indecisiveness” over a lack of a clear roadmap for Kiev’s membership. He allegedly angered US officials to the extent that they briefly considered withdrawing Ukraine’s invitation to the bloc. Then British Defense Secretary Ben Wallace also criticized Kiev over its lack of gratitude for Western military aid, explaining that the US and its allies were “not Amazon.”

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“I think that following Putin’s non-participation in this forum, our country’s exit from the organization is also possible. We must give preference to those platforms that can implement our projects and our ideas. BRICS can do this, the SCO can do this, but the G20 cannot ,” [Deputy Chairman of the Federation Council Committee Andrei] Klimov said.

G20 Declaration On Ukraine A ‘Blow To Western Countries’ (Sp.)

The declaration of the G20 summit in India was a blow to the West, a British business newspaper reports, adding that this highlights the lack of global consensus in support of Kiev. The G20 leaders earlier in the day said in the New Delhi Summit Declaration that they had different views on and assessments of the Ukraine conflict during discussions of the issue, but all of them jointly call for respect for the UN Charter. “That statement, hammered out over weeks of negotiations between diplomats, is a blow to western countries that have spent the past year attempting to convince developing countries to condemn Moscow and support Ukraine,” the newspaper wrote. “The New Delhi summit declaration refers only to the ‘war in Ukraine’, a formulation that supporters of [Kiev] such as the US and NATO allies have previously rejected as it implies both sides are equally complicit,” the report added.

Russian G20 Sherpa Svetlana Lukash, meanwhile, emphasized that the declaration demonstrates the group’s balanced position on the Ukraine conflict and its intention to settle all conflicts around the world. “As for the Ukrainian case, I can say that the negotiations were very complex and, above all, the collective position of the BRICS countries and other partners has borne fruit … What we have been hearing all year, that the Ukrainian conflict is worsening the food security situation, is now reflected in a balanced way,” Lukash told journalists. Half of the group’s members refused to accept Western narratives, she said, adding that a “consensus language” had been used in the declaration. In addition, the G20 members have agreed to work jointly for peace, security, and conflict resolution around the world, Lukash said.

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“At the beginning of 2022 it was hovering around 25%, now it is exceeding 80%.”

Russia and China Have Effectively Ditched The Dollar – Moscow (RT)

The de-dollarization of Russia-China trade is practically complete, according to Georgy Zinoviev, the director of the Russian Foreign Ministry’s First Asian Department, as cited by RIA Novosti. The official said the share of the US dollar in mutual settlements between the neighboring nations has substantially shrunk over the past two years. “The share of national currencies in Russian-Chinese payments is growing at an extremely rapid pace,” Zinoviev told the news agency. “At the beginning of 2022 it was hovering around 25%, now it is exceeding 80%.” He added that the volume of trading in the ruble-yuan pair on the Moscow Exchange (MOEX) outpaced volumes in the dollar-ruble pair long ago. According to Zinoviev, Russian and Chinese businesses are “rapidly moving away from the ‘toxic’ Western currencies, opting for the ruble and yuan as more reliable and safe way of payment.”

The diplomat noted that Moscow and Beijing have developed vital tools to make it possible to “facilitate all necessary transactions as much as possible,” despite international political and economic instability that significantly affects financial institutions and their ability to efficiently operate. The changes reflect Russia’s move away from transactions in the currencies of ‘unfriendly countries’ against the backdrop of sanctions. Earlier this year, Finance Minister Anton Siluanov said the country no longer trusts the dollar, calling it “a completely unreliable instrument.” Zinoviev’s comments come ahead of the 8th Eastern Economic Forum, which kicks off on September 10 in Vladivostok, Russia. Most of the discussions at the annual event will focus on trade, business, and investment.

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“..In the short term — i.e., between now and the presidential election—prices would need to fall back to pre-Biden levels. The average US gas price in January 2021 when Biden took office was $2.42 per gallon. Now it’s $3.95..”

The Daunting Physics of ‘Bidenomics’ (Rall)

Democrats are confident enough about how things are going that “Bidenomics” is at the center of their case for another four years in the White House; however, this is a rosy picture few voters can see as Americans consistently give US President Joe Biden low marks for his handling of the economy. “I’ve never seen this big of a disconnect between how the economy is actually doing and key polling results about what people think is going on,” Heidi Shierholz, president of the Economic Policy Institute, a liberal think tank, told US media. What gives? Jason Furman, who served as chairman of the Council of Economic Advisers under the Obama White House, points to a yearslong trend that only ended recently: wages haven’t kept up with inflation, leaving the average worker $2,000 worse off than during the final year of the Trump presidency.

“The way to think about that is people were in an incredibly deep hole because of inflation and we’re still not all the way out of that hole,” Furman says. The problem for Biden is, what people would need to have happen in order to feel that inflation was truly behind them would be horrible for the economy – not to mention his prospects for reelection: deflation. During our lifetimes, ideal economic conditions in a healthy economy feature an annual official inflation rate in the single digits, a policy economists call inflation targeting. Prices rise, but if wages go up even faster employees are happy. Low inflation incentivizes consumers to buy sooner rather than later, when prices will be higher. But, as Furman points out, that hasn’t been the case lately. Airfares went up 28.5% in 2022. Butter rose 31.4%. Eggs a whopping 59.9%. So we’re displeased.

What will it take to convince voters that inflation is no longer a problem? In the short term — i.e., between now and the presidential election—prices would need to fall back to pre-Biden levels. The average US gas price in January 2021 when Biden took office was $2.42 per gallon. Now it’s $3.95. The Federal Reserve’s efforts to reduce inflation appear to be working. Prices are rising at a slower rate and that’s the problem for Democrats. Mechanical physics provides a helpful parallel. Many economists and political analysts seem to think of inflation rate as analogous to velocity. In their view, reducing the inflation rate from 8% to 3% is a victory for inflation-targeting fiscal policy. Indeed, if a 3% inflation rate (coupled with wages that rise faster than 3%) remains in effect indefinitely, people will eventually feel good (or less bad) about the economy. As the economist John Maynard Keynes observed a century ago, however, “in the long run, we will all be dead.” And the Democrats’ calendar is much shorter than that, a mere 14 months.

Before inflation-affected consumers can be persuaded to tap their feet to “Happy Days Are Here Again,” they’ll have to pass through several stages of recovery. First, they’ll feel less bad. Then comes meh. Penultimately, they’ll see themselves paying off credit card and other debts they ran up during the inflationary period. Only after those lingering financial hangovers are past will they be able to achieve what feels like the final stage, prosperity: earning enough to pay one’s bills while setting a surplus aside in the form of savings. With Americans’ credit card debt hitting the staggering benchmark of $1 trillion and rising, we are currently in the “less bad”/”meh” stage. But it’s hard to see what Biden or the Fed or anyone else can do in order to promote a sunnier view of the economy.

A lower inflation rate—even an ideal one in the low single digits—still means higher prices. We will probably not see $2.42 per gallon gas, the price in early 2021, any time soon, if ever. Gas prices will likely continue to increase to $4.00 and $4.05 and $4.10 and on and on and on, adding minor injury to gaping wound.

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“..So 2024 can’t come soon enough for most of us.”

World Is ‘Laughing At’ The US – Alaska Governor (RT)

The US government’s decision to cancel oil and gas drilling licenses and forbid further drilling will “hobble” the country’s economy and makes no sense except to advance the green agenda, Alaska Governor Mike Dunleavy has declared. President Joe Biden’s administration on Wednesday canceled seven ten-year oil and gas drilling licenses granted to the Alaska Industrial Development and Export Authority (AIDEA) by former President Donald Trump. Biden’s Department of the Interior followed up this decision by issuing a proposal to forbid future leases on more than 40% of the National Petroleum Reserve in Alaska.

Biden said that these two measures “will help preserve our Arctic lands and wildlife,” adding on Saturday that he would “continue to take bold action to meet the urgency of the climate crisis and to protect our lands and waters for generations to come.” Speaking to Fox News on Thursday, Dunleavy said that “this makes absolutely no sense from any perspective unless your goal is to drive up the cost of oil and gas so much that it makes certain renewables cheaper.” Dunleavy, a Republican, claimed that Russia, China, Saudi Arabia, and Iran are “laughing” at Biden’s energy policy. “They’re laughing together at the United States of America,” the governor said. “I can’t find anywhere in, really the history of nation-states or empires, where they worked at hobbling themselves to such a degree that’s happening currently with this administration. So 2024 can’t come soon enough for most of us.”

Gasoline prices have soared under Biden, reaching a record average high of just over $5 per gallon last June, up from around $2 when the president took office. Prices began to rise when Biden signed an executive order in January 2021 banning new oil and gas licenses on federal land, and spiked as the conflict in Ukraine rocked global energy markets. Ahead of last year’s midterm elections, Biden attempted to stabilize gasoline prices by draining the US’ strategic petroleum reserve, and by unsuccessfully lobbying the Saudi-led Organization of Petroleum Exporting States to cut production. The AIDEA argues that Biden has no legal right to rescind existing drilling licenses and told Fox News that it intends to challenge the decision in court.

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“..Roughly 50% of price increases in the region resulted from local companies passing higher costs on to consumers..”

“..growth in corporate profits accounted for 45% of inflation in Europe last year..”

‘Greedflation’ Ravaging Western Europe – Nikkei (RT)

Inflation continues to rage in Western Europe, with monthly consumer prices soaring by over 14% in the UK and more than 10% in Germany, according to a Nikkei report. Some retailers have been hiking prices out of proportion with their underlying costs, it claimed. Roughly 50% of price increases in the region resulted from local companies passing higher costs on to consumers, the outlet estimated. Consumption has slumped across the region as price increases have outpaced wage growth. Nikkei cited an analysis of annual results from 70 European food retail and manufacturing companies by the management consultancy Oliver Wyman, which reportedly found that absolute EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 11% at food retailers and 12% at manufacturers in 2022, compared to the previous year. That growth was mostly driven by increased revenues.

“Companies in the food sector viewed the inflation context as an opportunity to review their price management,” Rainer Muench, partner at Oliver Wyman, was quoted as saying.

According to the IMF data, cited by Nikkei, growth in corporate profits accounted for 45% of inflation in Europe last year, higher than the 40% attributed to the higher cost of imports. A survey of households by the European Commission reportedly found the perceived rate of inflation over the past year has risen to 26% among low-income families, the highest in 20 years. Earlier this year, Bank of England Governor Andrew Bailey accused domestic retailers of driving ‘greedflation,’ claiming that certain businesses were “overcharging customers” as millions of families struggle to make ends meet. The BoE has also warned that British households and businesses need to accept that they are worse off and should stop asking for wage increases and pushing prices higher.

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“I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.“

Robert F. Kennedy Jr. Wants His Party Back (ET)

On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming town hall tour of a state where Joe Biden won close to 49 percent of the vote in the 2020 Democratic primary. Mr. Kennedy spoke about his 2024 presidential campaign. Democrat pundits say he is a fringe candidate who spreads conspiracy theories. Polls show him with the highest favorability rating of any presidential candidate. There is no path for Mr. Kennedy to defeat President Biden, critics claim, despite questions about President Joe Biden’s age and mental fitness, low approval ratings, and surveys showing that Americans are concerned about the economy. Earlier this year, the Democratic National Committee voted to give its full support to the president.

Mr. Kennedy agrees that unseating an incumbent president in the same party is a daunting challenge but disagrees with doubters who say he has no chance of securing the nomination. The 2024 presidential nominee will be announced during the Democratic National Convention in Chicago next summer. Until then, Mr. Kennedy intends to continue to press his case. “The DNC has around $2 billion, and they’re spending that money generously to try to marginalize me in many ways, but I think most Democrats care about one thing more than anything else, which is to beat Donald Trump,” Mr. Kennedy told The Epoch Times. “I think President Biden cannot do that. I can.” Mr. Kennedy is the nephew of President John F. Kennedy, who was assassinated in 1963; and the son of Robert F. Kennedy, who was shot and killed after a campaign speech while running for president in 1968.

During his town halls and meet-and-greets, Mr. Kennedy tells stories from time spent with his uncle and father and connects them to his presidential campaign. He wants to continue his father’s legacy of uniting Americans from all economic classes and ethnic backgrounds. “I think we do that by telling the truth to people. My dad did it that way. He talked about uncomfortable issues but talked about the truth. I think people are tired of being lied to by the government, by the media,” Mr. Kennedy said. “My dad ran against an incumbent president in his own party (Lyndon B. Johnson) during a divisive time. I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.”

RFK

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“..because I refused to lie about President Trump it cost me twenty-two years of my life.”

Proud Boys Leader Enrique Tarrio Drops Bombshell (GP)

“They asked me to LIE about President Trump in order to indict him,” Enrique Tarrio exclusively told the Gateway Pundit. “I told them to pound sand, and because I refused to lie about President Trump it cost me twenty-two years of my life.” “The truth is, I could have been home,” said Tarrio. “I could have been home a long time ago. I could be in my warm ass bed right now, laughing at the world, without a problem…and all I had to do in order to do that WAS LIE ABOUT TRUMP. All I had to do was confirm a lie.” Tarrio opened up to the Gateway Pundit after he was sentenced to decades in prison by the Dishonorable Judge Kelly on Tuesday.

He told us that the prosecutors in the Department of Justice attempted to coerce him into signing a false statement that would implicate President Trump by swearing that “through several degrees of separation and connections, Tarrio had communicated with Trump regarding ‘plans’ for January 6th.” On Friday night The Gateway Pundit held a Twitter space with Enrique Tarrio as special guest. TGP reporters Cara Castronuova and Alicia Powe organized Friday night’s Twitter Space. During Friday night’s Twitter Space Enrique Tarrio repeated his accusations against the Biden regime. Later in the discussion Enrique disclosed two names of Biden officials who were in the meeting when he was pressured by federal agents to lie about President Trump.

Enrique Tarrio announced two DOJ officials who were in the room during this meeting: ** DOJ Lead Prosecutor Jocelyn Ballantine ** Assistant US Attorney Jason McCullough Jocelyn Ballantine was a DOJ attorney staffed on General Michael Flynn’s prosecution. The DOJ admitted to altering evidence in Flynn’s case and the government eventually dropped the case against General Flynn. Ballantine was caught lying during a DOJ investigation of Strzok and McCabe. She still holds a job as a top official in Merrick Garland’s DOJ.

https://twitter.com/i/status/1700542330682347608

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No, not “climate change”. Tourism. In Athens, numbers of visitors to the Acropolis are being limited. New York City is severely cutting into AirBnB rentals.

Japan’s Mount Fuji ‘In Real Crisis’ – Officials (RT)

Mount Fuji, one of Japan’s sacred mountains and a popular pilgrimage site, could become less attractive if the number of tourists is not brought under control, the local authorities warn. “Fuji is screaming in pain. We can’t just wait for improvement,” Masatake Izumi, a Yamanashi prefectural government official, told CNN during a tour for foreign media on Saturday, adding that “overtourism” needs to be tackled urgently. Izumi was quoted by Reuters as saying that “Fuji faces a real crisis” because of the “uncontrollable” flow of tourists. “We fear that Mount Fuji will soon become so unattractive, nobody would want to climb it,” he said.

According to government officials, the post-Covid tourism boom has brought thousands of hikers to the mountain, causing environmental damage and placing extra pressure on the first aid services. Despite the introduction of a campaign urging visitors not to litter, with volunteers removing tons of trash each year, both hikers and caretakers complain about overcrowding and the piles of litter left along the path. Mount Fuji ranger Miho Sakurai told reporters that there are “way too many people on Mount Fuji at the moment,” including many inexperienced “first timers,” often underdressed, poorly equipped, and prone to hypothermia or altitude sickness. As a result, rescue requests have increased by 50% from last year and one person died in April in a climbing accident.

An active volcano known for its picturesque snowcap and one of Japan’s national symbols, the mountain was recognized as a UNESCO World Cultural Heritage site in 2013. The number of visitors to Fuji more than doubled between 2012 and 2019 to 5.1 million, according to CNA news agency. This week, government officials met to discuss “overcrowding and breaches of etiquette” across high-traffic tourist spots, with Yamanashi Governor Kotaro Nagasaki proposing the construction of a light railway to control the number of people accessing the site. “We need a shift from quantity to quality when it comes to tourism on Mount Fuji,” Nagasaki said. A local ranger called the prospect of Mount Fuji losing its heritage status “devastating.”

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Kids having fun
https://twitter.com/i/status/1700240513838760320

 

 

Water filters are now labeled “pesticides” (because they contain silver).

 

 

Elephants
https://twitter.com/i/status/1700575172858675668

 

 

Tuna

 

 

CGI

 

 

 

 

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

 

 

 

 

 

Jul 122023
 
 July 12, 2023  Posted by at 8:55 am Finance Tagged with: , , , , , , ,  39 Responses »


René Magritte The voice of blood 1948

 

Ceasefire and Peace Talks Should Be Focus of NATO Summit (CD)
NATO Summit, a Theater of the Absurd (Scott Ritter)
Understanding The NATO Summit (Kim Dotcom)
Stoltenberg: No Point in Discussing NATO Membership if Kiev Loses (Sp.)
Should Ukraine Join NATO? Don’t Kid Yourself: It Already Has (Tracey)
China Warns Against NATO Expansion Into Asia-Pacific (RT)
Ukraine Lost 26,000 Troops and 3,000 Arms In Counteroffensive – Shoigu (Sp.)
Trump Slams Biden Over Cluster Bombs For Ukraine (RT)
NATO Neck Deep In Ukraine Conflict Due To Weapons Pipeline – Zakharova (TASS)
Underestimate Russia at Your Own Risk (NC)
US Trying To Use Foreign Mercenaries To Plug Gaps In Ukraine (Marsden)
The Blob Begins to Quiver (Kunstler)
Judge Refuses Hold On Order Limiting Admin Contact With Social Media (AP)
The Truth About Bidenomics: More Debt, More Inflation (Lacalle)
Putin Issues Warning About US Banking System (RT)

 

 

 

 

RFK Camus

 

 

RFK Wuhan
https://twitter.com/i/status/1678816812119519254

 

 

 

 

Kiev Nov 2013

 

 

EP
https://twitter.com/i/status/1678806221254426633

 

 

 

 

 

 

“..It does not have the right to encourage escalation of a war where there will be no winners.”

Ceasefire and Peace Talks Should Be Focus of NATO Summit (CD)

The start of NATO’s annual summit in Vilnius, Lithuania on Tuesday has been dominated by talk of maintaining the flow of weapons to Ukraine and potentially expanding the Western military alliance to include the war-ravaged nation as its conflict with invading Russian forces drags on. But anti-war campaigners argued that approach is a recipe for a prolonged and possibly larger military conflict, one that could ultimately involve nuclear weapons. Lindsey German, a founding member and convenor of the United Kingdom-based Stop the War Coalition, wrote Monday ahead of the two-day summit that “a ceasefire and peace talks are the only means to end this bloody spiral,” warning a primary focus on weaponry and NATO expansion would signal that “Western powers are preparing for an even greater war.”

The alternative to serious peace negotiations, German wrote, is that the war “grinds on, with battles such as Bakhmut increasingly resembling those of the First World War. And that further ‘red lines’ are crossed—more cruise missiles, more cluster bombs. And then what? Tactical nuclear weapons?” “While Ukraine has every right to defend itself from the invasion and war with Russia, it does not have the right to demand weapons which even the British government has said it will not send,” German added, referring to cluster munitions—weapons that the U.S. is preparing to send Ukraine. “It does not have the right to encourage escalation of a war where there will be no winners.” “A ceasefire and peace talks are the only means to end this bloody spiral.”

NATO leaders gathered in Lithuania for the 2023 summit are reportedly expected to issue a statement pledging to “extend an invitation” to Ukraine to join the military alliance once “allies agree and conditions are met,” offering no specific timeline. U.S. President Joe Biden endorsed the draft communique on Tuesday. But Ukrainian President Volodymyr Zelenskyy, who is in attendance at the NATO summit, criticized the available details of the document, saying it “seems there is no readiness neither to invite Ukraine to NATO nor to make it a member of the alliance.”

Ukraine’s push to join NATO was recently backed by dozens of “foreign policy experts,” many of whom work for organizations that receive funding from weapons companies and industry lobbyists. Eli Clifton of Responsible Statecraft reported that 21 of the 46 signatories to a new open letter supporting Ukraine’s NATO bid “are associated with institutions with financial ties to the weapons industry, an industry that presumably stands to benefit from the policy recommendations laid out in a letter that had a particular focus on providing more Western weapons to Ukraine, a fact not shared with readers.”

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Check out the doc.

NATO Summit, a Theater of the Absurd (Scott Ritter)

NATO had placed high hopes on the Ukrainian army being able to carry out a counteroffensive against Russia which would achieve discernable results both in terms of territory re-captured and casualties inflicted on the Russian army. The results, however, have been dismal to date — tens of thousands of Ukrainian casualties and thousands of destroyed vehicles while failing to breach even the first line of the Russian defenses. One of the challenges NATO will face in Vilnius is the question of how to recover from this setback. Many NATO countries are starting to exhibit “Ukraine fatigue” as they see their armories stripped bare and their coffers emptied in what, by every measurement, appears to be a losing cause.

The scope and scale of the Ukrainian military defeat is such that the focus of many NATO members appears to be shifting from the unrealistic goal of strategically defeating Russia to a more realistic objective of bringing about a cessation to the conflict that preserves Ukraine as a viable nation state. Ukrainian President Volodymyr Zelensky will attend the NATO summit. However, his demands for NATO membership will not be met — U.S. President Joe Biden himself has weighed in on the matter, saying this would not be possible while Ukraine is at war with Russia. There will be face-saving gestures from NATO, such as the creation of a NATO-Ukraine Council and talk of eventual post-conflict security guarantees.

But the reality is Zelensky’s presence will do Ukraine more harm than good, since it will only accentuate the internal disagreement within NATO on the issue of Ukrainian membership and highlight NATO’s impotence when it comes to doing anything that can meaningfully alter the current trajectory on the battlefield, which is heading toward a strategic defeat for both Ukraine and NATO. The vision of the Madrid summit was that of NATO capitalizing on its strategic victory against Russia to further expand its ranks in Europe (both Finland and Sweden were invited), and to push its influence into the Pacific Ocean. While NATO’s Pacific partners (Australia, New Zealand, Japan and South Korea) have been invited to Vilnius, the hopes that their presence would coincide with the announcement of the opening of a NATO liaison office in Japan have been quashed by France, which objects to an alliance ostensibly focused on North Atlantic security becoming involved in the Pacific.

A Scott Ritter Investigation: Agent Zelensky – Part 1

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Twitter thread.

“NATO has lost this war. Biden has lost this war. The lunatic Democrats have lost this war. The uni-party warmongers have lost this war. The EU has lost this war. Ukraine and Zelensky have lost this war.”

Understanding The NATO Summit (Kim Dotcom)

:The steam for the US proxy war in Ukraine is running out. No commitment is given to Ukraine to obtain NATO membership because the West has come to realize that they can’t win a war against Russia and that peace will only be possible with a neutral Ukraine. Ukraine will never be a member of NATO. Zelenskyy has realized this and is fuming in Vilnius, attacking NATO as disrespectful and calling the conditions absurd. In a moment of clarity he acknowledged what’s really going on: “It seems there is no readiness neither to invite Ukraine to NATO nor to make it a member of the Alliance. This means a window of opportunity is being left to bargain Ukraine’s membership in NATO in negotiations with Russia.”

That’s exactly right. NATO has lost this war. Biden has lost this war. The lunatic Democrats have lost this war. The uni-party warmongers have lost this war. The EU has lost this war. Ukraine and Zelensky have lost this war. Russia wins and rightfully so because everything that happened in Ukraine was a fraud against the Ukrainian people perpetrated by a failing US empire in its final stand against a rising multipolar world. Zelenskyy was never a leader who did what’s best for his people. He will be remembered as a US puppet and actor for foreign interests. 350,000 Ukrainians dead because of him and his puppet masters in the US. He lost $12.7 trillion worth of land and resources to Russia because he did not sign the reasonable peace agreement that Russia had proposed to him.

Instead he fell for empty promises from Biden that the US will support Ukraine until victory. What a fool. The good news is this war may be over soon. The West has lost its appetite to throw more money into the Ukrainian black hole. With the US and EU entering recession they have enough problems at home. Protests and riots will become regular news. Biden wouldn’t stand a chance in the next election. His brain is Swiss cheese and the only alternative for the Democrats is Kennedy. Trump will use the fatal mistake in Ukraine and the dire economic outlook of the US to run a successful campaign. Kennedy, who says all the right things, would be his only real obstacle but the Democrats have messed their country up so royally that Trump seems like the only choice.

The reality is that it doesn’t matter who the next US president is. The insurmountable debt burden combined with de-dollarization in global trade and the rise of BRICS+ are going to send the US into a decade long depression with unseen levels of poverty and violence. Hopefully humanity dodged a bullet and nuclear war is no longer imminent. At least that is my read of the situation right now. But things could flare up again if peace negotiations fail. Russia may be tempted to take Odessa and turn Ukraine into rump state without access to the sea. Russia is holding all the cards. Let’s see how Putin plays them.

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Does anyone doubt it will?

Stoltenberg: No Point in Discussing NATO Membership if Kiev Loses (Sp.)

NATO summit kicked off on Tuesday with the focus on Ukraine possible invitation to the alliance. Secretary General Jens Stoltenberg stressed that the Eastern European state would join the bloc when all member states agree on it and if it meets all the conditions. There is no point in discussing Ukraine’s NATO membership if Kiev does not prevail in the ongoing conflict, Secretary General Jens Stoltenberg said on Tuesday. “I think all allies agree that when a war is going on that’s not the time for making the Ukraine the full member of the alliance,” he stressed. “We also made clear that we will issue an invitation for Ukraine to join NATO when allies agree and conditions are met,” Stoltenberg told a press conference. The secretary general also said that the procedure does not have a specific time frame.

In the final communiqué, NATO members confirmed that they see Ukraine in the alliance in the future. “We fully support Ukraine’s right to choose its own security arrangements,” the document says. “Ukraine’s future is in NATO. We reaffirm the commitment we made at the 2008 Summit in Bucharest that Ukraine will become a member of NATO, and today we recognise that Ukraine’s path to full Euro-Atlantic integration has moved beyond the need for the Membership Action Plan.” Per the NATO communiqué, Ukraine has become increasingly interoperable and politically integrated with the transatlantic alliance and “made substantial progress on its reform path.” The alliance particularly referred to the 1997 Charter on a Distinctive Partnership between NATO and Ukraine and the 2009 Complement, stressing that NATO member states will continue to support and review Ukraine’s “progress on interoperability” and “additional democratic and security sector reforms that are required.”

“NATO Foreign Ministers will regularly assess progress through the adapted Annual National Programme. The Alliance will support Ukraine in making these reforms on its path towards future membership. We will be in a position to extend an invitation to Ukraine to join the Alliance when Allies agree and conditions are met,” the document reads. The bloc has announced the establishment of the NATO-Ukraine Council, a new joint body where NATO member states and Ukraine would sit as “equal members” to advance political dialogue, cooperation and “Ukraine’s Euro-Atlantic aspirations for membership in the alliance.” sStill, the Kiev leadership is seeking admission to NATO in an expedited manner insisting that no other decision will suit Ukraine. On the opening day of the NATO summit in Vilnius, Ukrainian President Volodymyr Zelensky tweeted that it is “absurd” that there is no time frame for inviting Ukraine to the alliance.

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“..who needs the bother of formal NATO membership anyway, when you can sneak in through the back door?”

Should Ukraine Join NATO? Don’t Kid Yourself: It Already Has (Tracey)

As NATO members gather in Lithuania this week with traditional Eastern European fanfare, the chief focus of their deliberations is whether to extend formal membership to Ukraine amid the ongoing war. But the question of whether Ukraine officially joins NATO may have turned into something of a red herring. The truth is Ukraine has already been unofficially incorporated into NATO. As University of Chicago international relations professor Paul Poast, a passionate advocate for NATO’s swift admittance of Ukraine, aptly put it, “NATO has already expanded into the war zone. The allies should just acknowledge that reality.”

A year and a half into the war, it can hardly be denied that NATO forces have gained substantially more than the mere “foothold” in Ukraine that Russian President Vladimir Putin claimed to have launched his invasion of Ukraine to preempt. With the U.S. effectively assuming financial, material, political, strategic, and operational dominion over Ukrainian state warfare, the “foothold” has turned into a heavily-fortified bridgehead. Rockets lobbed at Russian troop positions are ultimately the product of U.S. commanders “controlling every shot,” as Ukrainian officials have occasionally acknowledged. A great deal of American engineering ingenuity is currently being harnessed to pulverize Russians. But as Putin is keenly aware, much of this U.S. and NATO “infrastructure” had been well-established long before any invasion was launched.

For example, exactly two years earlier to the day of Putin’s invasion of Ukraine, on February 24, 2020, the nascent government of Volodmyr Zelensky decreed what was hailed as being Ukraine’s first “comprehensive and systematic” framework to achieve “the full Euro-Atlantic integration of the state” with particular emphasis on “deepening cooperation with NATO.” Almost exactly one year before that, in February 2019, an amendment to the Ukrainian Constitution was passed proclaiming that it was a non-negotiable national priority for Ukraine to pursue “full-fledged” NATO membership at the earliest possible opportunity. By June of 2019, Ukraine received an unusual prize: certification for one of its more seasoned Special Forces units to join the “NATO Response Force,” a specialized “rapid deployment” alliance formation which had been nurtured to life in 2002 by the famously foresighted Donald Rumsfeld. The summer before the invasion started, U.S. and Ukraine special forces convened their largest-ever joint “multinational maritime exercise” in the Black Sea.

Given all of this, who needs the bother of formal NATO membership anyway, when you can sneak in through the back door? Steady incremental assimilation seems like much less of a headache than the customary slog of conventional ratification. And then when the question of full membership does arise, proponents have been handed an argument on a platter: With NATO irreversibly entrenched in Ukraine already, it may as well just dispense with the niceties and go all the way. Oleksii Reznikov, the Ukrainian Defense Minister, is fond of declaring that Ukraine has already “de facto joined the Alliance,” given the massive surge in joint war-planning activity. And no existing alliance member seemed compelled to dispute Reznikov’s characterization—which is perfectly intuitive, given that Ukraine has been furnished over the past year and a half with what is essentially a brand new military, conveniently up to NATO specifications fresh out the box.

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“They also accused Beijing of posing “cyber, space, hybrid and other asymmetric threats,” and of engaging in “the malicious use of emerging and disruptive technologies.”

China Warns Against NATO Expansion Into Asia-Pacific (RT)

The Chinese government has urged NATO not to expand into the Asia-Pacific, warning that it would retaliate to any increased Western military presence in the region after the alliance criticized Beijing during its summit in Lithuania. China’s Mission to the European Union issued a statement on Tuesday in response to NATO’s joint communique, which accused Beijing of pursuing “coercive policies” that “challenge” Western interests. “The China-related content of the communique disregards basic facts, wantonly distorts China’s position and policies, and deliberately discredits China. We firmly oppose and reject this,” the Chinese diplomats said. The statement went on to pledge that Beijing would “safeguard its sovereignty” and oppose “NATO’s eastward expansion into the Asia-Pacific.”

It added that “any actions that damage China’s legitimate rights and interests will be met with a resolute response.” Leaders of the Western military alliance met on Tuesday in the Lithuanian capital, Vilnius, to discuss additional aid to Ukraine, among other matters. They also accused Beijing of posing “cyber, space, hybrid and other asymmetric threats,” and of engaging in “the malicious use of emerging and disruptive technologies.” The Chinese EU mission argued that NATO had failed to reflect on its own responsibilities, and instead “blindly blames other countries, keeps meddling in extraterritorial affairs [and] creates confrontation.”

It added that the bloc’s “ambitions for expansion and hegemony are obvious,” and warned that its status as a “nuclear alliance” would only “further aggravate regional tensions.” The statement comes after Chinese officials warned against the opening of a NATO liaison office in Japan, which would mark the bloc’s first facility in Asia. Though Tokyo indicated it was considering the idea, France has reportedly shot down the project, insisting NATO should remain confined to the North Atlantic. The relations between the US and China have deteriorated significantly in recent years, with countries clashing over Taiwan, global trade, and human rights.

Beijing’s remarks on NATO’s expansion echo previous criticisms from Moscow, which has repeatedly decried the alliance’s gradual expansion eastward in recent decades, and stressed that it considers Western military sites close to its borders a threat to national security. NATO has rejected these claims, insisting that the supply of heavy weapons to Ukraine does not make the alliance a party to the Russia-Ukraine conflict. Kiev had hoped it would be offered a clear path to NATO membership at the Vilnius summit on Tuesday, but was disappointed after the alliance reiterated its prior promises to admit Ukraine as a member at some point in the future, after its armed conflict with Russia is resolved.

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“We know that the results of our combat work are carefully monitored and analyzed by foreign intelligence services..”

Ukraine Lost 26,000 Troops and 3,000 Arms In Counteroffensive – Shoigu (Sp.)

Russian Defense Minister Sergey Shoigu reported about the situation in special military operation zone. Shoigu stressed that Kiev failed to achieve its goals in all directions and lost roughly 26 thousands of troops and 3 thousands of military equipment. “To sum up some results, what did they achieve for this widely promoted and announced, as they called it, strategic counteroffensive. As a result, what have they got approaching the NATO summit? Since June 4, the enemy’s losses have amounted to more than 26,000 military and 3,000 units of various weapons,” Defense Minister stressed. Russian army decimated 21 Ukrainian aircraft, 5 helicopters, over 1200 tanks and other armored vehicles, including 17 Leopards.

He stressed that Kiev continues to unsuccessfully try to break through the defense of the Russian military in different directions, and several waves of attacks have been launched in two days, the minister said. “They are actively fighting, trying to break through our defenses in different directions. Just over the past two days, several waves of attacks have been launched,” the minister said. High-precision strikes of the Russian military against the reserves of the Ukrainian military, including Western equipment, significantly reduce the offensive potential of the enemy, the minister concluded. Shoigu stressed that should the US supply Ukraine with cluster munitions, the Russian Armed Forces would use similar arms against Kiev militants. Sergey Shoigu added that the Russian Armed Forces launched its own counterattack in Krasny Liman direction and advanced 1.5 km.

The intelligence services of the United States and other NATO countries carefully monitor and analyze the results of the combat work of the Russian military, Shoigu stressed. “We know that the results of our combat work are carefully monitored and analyzed by foreign intelligence services, primarily the United States and NATO countries,” Shoigu said. Western intelligence agencies note the high efficiency of the defense of the Russian armed forces, minefields, preemptive airstrikes, as well as the highest resilience of the Russian military and the prompt response measures of commanders, the minister concluded. Russian President Vladimir Putin carefully monitors the situation – he is is briefed twice a day by the command of the Combined Group, as well as individual commanders with detailed reports on the current situation of the special military operation, Shoigu said.

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“Joe Biden is needlessly and dangerously leading us into World War three, which would be a nightmare beyond imagination—obliteration!”

Trump Slams Biden Over Cluster Bombs For Ukraine (RT)

In sending Kiev cluster bombs, the US government is “dragging us further toward World War Three,” former US president Donald Trump warned on Tuesday. President Joe Biden “should be trying to end the war and stop the horrific death and destruction being caused by an incompetent administration,” Trump said in a statement posted on his Truth Social platform. The 45th US president objected to the use of cluster munitions on both humanitarian and strategic grounds, pointing to the fact that unexploded ordnance “will be killing and maiming innocent Ukrainian men, women, and children for decades to come,” long after the war has ended.

Trump also called out Biden’s statement, made in an interview with CNN’s Fareed Zakaria over the weekend, that cluster munitions were being sent because the US has run out of conventional 155mm artillery shells. If true, Trump retorted, this “only further emphasizes the urgency of immediately deescalating this bloody, dangerous, and out of control conflict.” “It certainly means we should not be sending Ukraine our last stockpiles at a time when our own arsenals, according to Crooked Joe Biden, are so perilously diminished,” the former president added, arguing that Biden’s policy of “endless war” in Ukraine has “tremendously weakened” the US.

“Joe Biden is needlessly and dangerously leading us into World War three, which would be a nightmare beyond imagination—obliteration!” Trump said. Trump, who currently leads the polls for the 2024 Republican presidential nomination, vowed to achieve “peace through strength” once he returns to office after the next election. The White House announced last week it would send dual-purpose improved conventional munitions (DPICM) artillery shells to Ukraine. Under Secretary of Defense for Policy Colin Kahl told reporters that the danger the munitions, which are banned in over 100 countries, pose to civilians was diminished because a Russian victory in the conflict would be far worse. He also accused Russia of having used the weapons in Ukraine.

Moscow has denied the US allegations. Defense Minister Sergey Shoigu said on Tuesday that if any US cluster munitions make it to Ukraine, the Russian military will respond with equivalent weapons of its own that are “much more effective” and “diverse.” The US offer of cluster munitions has been condemned by the UN, NATO allies such as the UK, Canada and Spain, as well as members of Biden’s own party in the US House of Representatives. “Either cluster bombs are bad, or they are not bad. You can’t determine the value of a cluster bomb based on who’s being blown up by it,” comedian and podcast host Russell Brand said on Tuesday.

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“It is NATO that has pushed the Kiev regime this far..”

NATO Neck Deep In Ukraine Conflict Due To Weapons Pipeline – Zakharova (TASS)

NATO is deeply involved in the conflict in Ukraine through the bloc’s provision of weapons, mercenaries, funds and intelligence to Ukraine, Russian Foreign Ministry Spokeswoman Maria Zakharova said in an interview with Qatar’s Al Jazeera television. “Do you really think that NATO is not at war with Russia? In fact, it’s NATO that provides all of the weapons, fighters, mercenaries, instructors, advisors and intelligence data to the Kiev regime. NATO is definitely involved in these military activities; there is no doubt about it. It is NATO that has pushed the Kiev regime this far,” she noted.


On February 24, 2022, Russian President Vladimir Putin announced a special military operation based on a request from the heads of the Donbass republics amid escalating tensions in the region, with the authorities in the Donetsk People’s Republic (DPR) and Lugansk People’s Republic (LPR) reporting some of the heaviest Ukrainian shelling up to that time. In response, the West imposed major sanctions on Russia. In addition, Western countries started to provide weapons and military equipment to Kiev, the aggregate value of which is currently estimated in the billions of dollars. However, the Kiev authorities have repeatedly demanded that Ukrainian forces be provided with yet more weapons and more advanced equipment, long-range missiles and aircraft.

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Operation Barbarossa.

Underestimate Russia at Your Own Risk (NC)

In honor of the NATO summit July 11 and 12, this is a comparison of how the Nazi leadership in World War Two and today’s collective West similarly underestimated Russia and overestimated their capabilities. Despite Russia’s overwhelming upper hand in Ukraine, Western officials and media continue to largely pump sunshine and weave stories of Russian collapse. There are increasing breaks in the fever, and it looks like maybe, hopefully the acceptance of the loss is gaining traction in Washington. Meanwhile, the unwillingness or inability for hardliners to objectively assess efforts against Russia occurs today just as it did during Operation Barbarossa. As Seymour Hersh writes:

“There is an enormous gap between the way the professionals in the American intelligence community assess the situation and what the White House and the supine Washington press project to the public by uncritically reproducing the statements of Blinken and his hawkish cohorts.” This too is reminiscent of the Nazi offensive against the Soviet Union when the failure was hidden from the German public. Adding to the similarities is the fact that both the Third Reich command and today’s officials in the West simultaneously downplay Russia’s military capabilities while endlessly hyping the threat from Moscow. Hitler, similar to so many Western “experts” and officials today, mocked Russia’s supposed backwardness while also hyping the threat “Slavic Bolshevism” posed to the West.

The progression of his comments show him seesawing between a reluctant acceptance and desperate hope as his miscalculations of Russia slowly dawn on him. It’s a path today’s governments in the West are still discovering. On the other hand, Goebbel’s diary entries are faster to admit that Operation Barbarossa was a disaster. Prior to the operation, he writes how there is no way the USSR could hope to oppose “the strongest army in all of history” and adds that “I consider the Russian military force to be very weak, even weaker than the Fuhrer believes. If anything is a sure thing, it is this.”

Indeed, German high command anticipated a quick collapse of Soviet resistance along the lines of the Blitzkrieg in Poland, but within a few weeks of the launch of the German offensive, it’s clear that Berlin underestimated the Russians. And the winter of 1941-42 saw the Nazi war machine stopped 12 miles short of Moscow and then driven back. It was all downhill from there. Despite evidence that Russian resistance was much more capable than anticipated, Hitler continues to talk of Russian inferiority and a breakup of the country for months before a realization of the situation begins to set in. Read in tandem with Goebbels’ more honest diary entries, it calls to mind today’s battle within the Blob between the realists and anti-Russian fanatics.

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“You’d think he’d have taken an offramp at that point. Nope, not Rambo here.”

US Trying To Use Foreign Mercenaries To Plug Gaps In Ukraine (Marsden)

Western mercenaries from countries other than the US are dying for Washington’s interests while President Joe Biden warns Americans themselves to stay away. Most of the foreign mercenaries in Ukraine at this point aren’t American, according to Russia’s Channel One news. It’s actually Poland and Canada that lead the charge, with the US coming in third. And now reports are starting to emerge of US intelligence attempting to fill the void with even more foreign recruits to fight for US interests against Russia in Ukraine. The Russian Ministry of Defense estimates that about 2,000 of the approximately 7,000 ‘volunteers’ have been killed. Recent reporting reveals a troubling trend among Western mercenary deaths: combatants whose military experience is virtually non-existent.

Presumably it all looked like good Hollywood action hero fun from afar — until the bullets started whizzing by. In a story published in May about two Canadian mercenaries who volunteered for Ukraine’s “International Legion” and were killed in the Artyomovsk (named Bakhmut by Ukraine) battle, the CBC revealed that one had previously served in the Canadian Forces as a medic and had been photographed working in search and rescue in Kharkov. Kyle Porter, a 27-year old from Calgary, had been in touch with Canada’s state broadcaster. “Let me figure out how I am going to survive the next few days,” he wrote. “It was a meat grinder the first time and I’m not expecting it any better this time around.” You’d think he’d have taken an offramp at that point. Nope, not Rambo here.

The question that everyone should be asking is how on earth Canadians, whose combat experience amounts to administering band-aids and applying tourniquets, could subsequently end up serving on the front lines — all while the Canadian government seemingly just shrugs. We’re talking here about a government that legislated zero-risk against overwhelmingly survivable Covid, but now can’t even be bothered to save unprepared Canadians from a much more likely death in Ukraine. Last May, the CBC reported on yet another Canadian veteran, identified only as “Shadow,” describing how he and his colleagues had repeatedly come under fire in the Donbas.

While “Shadow” might seem like a code name for a main character in a Hollywood movie about a badass who goes around single-handedly meting out justice, in reality he’s a meteorological technician who “experienced combat for the first time as a volunteer in Ukraine,” according to the report. The weather guy probably shouldn’t be placed in a position to be “blown out of their sniper’s nest by a shell.” For all his weather expertise, Shadow doesn’t seem to be too well-versed in grand chess geopolitics either. “If NATO had stepped in, the war would have been done in like less than a week, but because everyone sat back and watched, well, we are seeing all those civilians dying,” he told the CBC. Actually, direct NATO military confrontation with Russia would have resulted in World War III, and probably a few more civilian deaths than Shadow imagines.

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“..the US reduced in a few short years to a broke, socially disordered, marginalized power susceptible to its own political breakup..”

The Blob Begins to Quiver (Kunstler)

One likely, reality-based alternative is to stand by and let Russia complete its Special Military Operation to pacify and neutralize Ukraine. The prevailing theory is that this would be the end of America’s world dominance militarily, and effectively the end of NATO, but also the end financially for the US, as the non-West abandons the dollar. In that scenario, the BRICs dump their trillions in US bond holdings, sending all that putative “money” back to America, stoking a king-hell inflation, effectively bankrupting us. It would be the final fruit of the disastrous “Joe Biden” regime imposed on us via election fraud by the Blob: the US reduced in a few short years to a broke, socially disordered, marginalized power susceptible to its own political breakup — not a tantalizing outcome, but perhaps better than turning the planet Earth into a smoldering ashtray.

That outcome would force our country to turn inward and face its own stupendous failures of honor, decency, and integrity. It would be the end of the Blob’s hegemony inside the USA. The question is whether the Blob sets America’s house on fire in the attempt to save itself and escape a legal accounting for its crimes. One kindling stack already burning is the pile-up of jive prosecutions aimed at Mr. Trump. You know that the attempt to kick him off the game-board using Special Counsel Jack Smith may easily lead to severe civil disorder, and possibly a counter-coup, a US first!

The current Mar-a-Lago “Doc Box” case is as much a complete fabrication as were RussiaGate and Impeachment Number One — Mr. Trump’s telephone inquiry to Ukraine about the Biden family grifting operations there, now firmly documented to be true. An upright judge would summarily dismiss the Mar-a-Lago case and slam sanctions on the US attorneys involved, including disbarment and criminal investigation for mounting a maliciously fraudulent prosecution. AG Merrick Garland and his deputy, Lisa Monaco, obviously would have some ‘splainin’ to do, possibly before juries.

A long list of public figures populating the Blob await a reckoning: Hillary and Bill Clinton and their retainers, Barack Obama and retinue, John Brennan, James Clapper, James Comey, Christopher Wray (plus Rosenstein, Strzok, McCabe, Carlin, Ohr, Mueller, Weissmann, Horowitz, Atkinson, Ciaramella, Vindman), Rep. Adam Schiff, Senator Mark Warner, William Barr, Avril Haines, Marie Yovanovitch, William Burns, James Boasberg, Marc Elias, Michael Bromwich, David Laufman, Alejandro Mayorkas, Xavier Baccerra, Anthony Fauci, Rochelle Walensky, Francis Collins, Lloyd Austin. Mark Milley, Antony Blinken, Jake Sullivan, Ron Klain, Nancy Pelosi, Liz Cheney… the list goes way on, but there’s a start.

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“COVID-19 vaccines, legal issues involving President Joe Biden’s son Hunter and election fraud allegations were among the topics spotlighted in the lawsuit..“

Judge Refuses Hold On Order Limiting Admin Contact With Social Media (AP)

The Biden administration asked a federal appeals court Monday to temporarily block a lower court’s order limiting executive branch officials’ discussions with social media companies about controversial online posts. The request for an emergency stay was filed at the 5th U.S. District Court of Appeals shortly after U.S. District Judge Terry Doughty rejected an administration motion that he put his own July 4 order on hold. The order came in a lawsuit filed by Republican attorneys general in Louisiana and Missouri, as well as a conservative website owner and four individual critics of government COVID-19 policies. The lawsuit claimed the administration, in effect, censored free speech by using threats of regulatory action or protection while pressuring companies to remove what it deemed misinformation.

COVID-19 vaccines, legal issues involving President Joe Biden’s son Hunter and election fraud allegations were among the topics spotlighted in the lawsuit. Doughty was nominated to the federal bench by former President Donald Trump. His injunction blocked the Department of Health and Human Services, the FBI and multiple other government agencies and administration officials from meeting with or contacting social media companies for the purpose of “encouraging, pressuring, or inducing in any manner the removal, deletion, suppression, or reduction of content containing protected free speech.” Administration attorneys said in the motion filed at the 5th Circuit that Doughty’s ruling was too broad and vague, and had the potential to chill government officials’ speech on important matters.

And they said Doughty failed to point to any evidence that the administration had made threats against social media companies to coerce them to take down posts. “The district court identified no evidence suggesting that a threat accompanied any request for the removal of content. Indeed, the order denying the stay — presumably highlighting the ostensibly strongest evidence — referred to ‘a series of public media statements,’” the administration said. They asked that the 5th Circuit block Doughty’s order while the case is pursued at the appeals court in New Orleans or, at minimum, grant a 10-day block of the order so the administration could prepare to go to the Supreme Court to seek a longer stay.

Earlier Monday, Doughty rejected administration requests that he stay his own order pending appeal. “In essence,” Doughty’s Monday order said, “Defendants argue that the injunction should be stayed because it might interfere with the Government’s ability to continue working with social-media companies to censor Americans’ core political speech on the basis of viewpoint. In other words, the Government seeks a stay of the injunction so that it can continue violating the First Amendment.”

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“..the bottom 40 percent of the income distribution now has liquid assets worth $1,200 less than they did before covid..”

The Truth About Bidenomics: More Debt, More Inflation (Lacalle)

Estimates of United States growth have improved but remain massively below the Federal Reserve projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend, and debt is significantly higher. It is interesting to hear Janet Yellen say that “trickle-down economics did not work” when this is the failed trickle-down: massive government deficit spending leads to negative real wage growth and weaker GDP.Current consensus real GDP growth for 4Q23 stands at 0.2 percent, significantly lower than the median projection of one percent in the FOMC’s June Summary of Economic Projections. The latest figure, for example, shows evidence of headline strength hiding weakness in the details.

New durable-goods orders surged in May, but this headline growth disguised that core capital-goods orders were revised down again. Even if we consider the optimistic assumptions of the Biden administration, which assume a two percent per annum GDP growth until 2032 and 3.8 percent unemployment, the United States federal government deficit would not fall below five percent of GDP even in 2032. That is a deficit that rises from $1.1 trillion in 2023 to $2.01 trillion in 2032, an accumulated deficit between 2023 and 2032 of $15.46 trillion. That is a 106 percent debt to GDP, according to the Biden administration calculations even with very bullish estimates of growth that consider no recession or stagnation in the entire forecast period.

One of the biggest problems of this neo-Keynesian approach to government budgets is that it leaves households with less money in real terms, and the “anti-inflation” measures increase debt and inflation. Take the American Rescue Plan. It was supposed to be the helicopter money solution to the crisis, giving families cash and supporting consumption through the pandemic. Adjusted for inflation, Bloomberg Economics estimates the average household in the bottom 40 percent of the income distribution now has liquid assets worth $1,200 less than they did before covid. You wanted the stimulus check? With printed money? You paid for it multiple times over in higher inflation. The other key policy items of the Biden administration, the Inflation Reduction Act, the CHIPS and Science Act, and the Bipartisan Infrastructure Law, were created to incentivize aggregate demand and boost investment in areas where the private sector seemed to be underinvesting. However, it was not the case.

The problem is that the government does not have more or better information about the requirements of the real economy, assumes erroneously that the private sector did not invest because of some flaw in the market, and these massive federal expenditure programs generate more inflation as they add artificial demand created with newly printed units of currency to an economy that is already working at full capacity and full employment. Thus, it puts more fuel to the fire of inflation. Bloomberg Economics warns that “If successful, the benefits of these projects will play out in the long term – and other deliverables, like reduced dependence on China and lower carbon emissions, won’t show up directly in the GDP data. In the near term, our view is that the costs in terms of higher inflation and recession risks offset the benefits and may even outweigh them”. Even if we assume a benign view of multiplier effects, the result is that these plans accelerate the risk of a recession by artificially tightening an already strong labor market and putting more pressure on supply chains.

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Andrey Kostin does the warning.

Putin Issues Warning About US Banking System (RT)

The increase in the level of sovereignty and independence of the Russian banking sector has been quite timely, given the negative trends that are growing globally, namely in the US banking system, Russian President Vladimir Putin has stated. Putin was meeting with Andrey Kostin, the CEO of Russia’s second-largest bank, VTB, who assured the president that the country’s banking sector was secure. “Regarding anti-Russia sanctions, we have probably become somewhat immune because of them, and we have enhanced our sovereignty in this field,” Kostin told the Russian leader in Kremlin on Tuesday. “Look at what is now happening in the United States. This is virtually the largest financial and banking crisis since 2008, and it is already spreading to Europe,” the Russian top banker noted, adding “that sanctions against Russia are a double-edged sword.”


By imposing economic restrictions against Moscow, the West has “demolished the global trade system and caused an inflation surge,” while its attempts to resolve this problem by standard methods devalued bank assets, Kostin pointed out. The Russian banking sector is feeling “quite safe,” the VTB chief executive maintained, adding that he believes there won’t be any problems, “although we incurred certain losses last year when our property was simply taken away from us.” Putin, who has previously named economic sovereignty as the country’s top priority, agreed with Kostin, saying: “Perhaps what you have said about raising the level of independence and sovereignty is rather timely, considering greater negative trends in the US banking system.” The Russian president has earlier stated that the country’s economy was successfully withstanding the outside pressure, warning that Western sanctions will have a boomerang effect.

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