Oct 182023
 
 October 18, 2023  Posted by at 8:52 am Finance Tagged with: , , , , , , , , ,  43 Responses »


Henri Matisse Nu Blue IV 1952

 

Hospital Bombing A ‘Massacre’ And ‘Genocide’ – Palestinians (RT)
Arab Leaders Refuse To Meet Biden As Protests Rage Around The World (ZH)
Jordan FM Says Summit With Biden’s Participation Cancelled (TASS)
Failure of Biden’s Israel Trip Would be ‘Curse’ on 2024 Election Campaign (Sp.)
US Opposes Peace as Israel Ethnically Cleanses Palestinians (Norton)
Israeli Ground Operation In Gaza An ‘Ugly Blot On Humanity’ – Türkiye (TASS)
How Media Outlets Work With Israel To Control Gaza Narrative (Adley)
Putin Responds To Biden ‘Put Down’ Comments (RT)
Why Vladimir Putin’s Visit To Beijing This Week Is So Important (Babaev)
Trend Toward Mutually Beneficial Cooperation Unstoppable – Xi Jinping (TASS)
US Must Learn to Respect Other States, Find Compromises – Putin (Sp.)
Majority Of Americans Believe Both Biden And Trump Committed Crimes (Turley)
Pfizer May Go Bankrupt, Financial Markets Realize (Chudov)

 

 

Iran FM

 

 

Gaza hospital
https://twitter.com/i/status/1714352506204045320

 

 

NYC last night

 

 

 

 


Mr. Fish: The Obscenity

 

 

Poilievre

 

 

 

 

Trump
https://twitter.com/i/status/1714071667847094541

 

 

 

 

Twitter files

 

 

Schwab
https://twitter.com/i/status/1714363458030850421

 

 

 

 

“People left their homes thinking they were more dangerous and they moved to our schools and hospitals to be safe. And in one minute, all of them have been killed at a hospital.”

Hospital Bombing A ‘Massacre’ And ‘Genocide’ – Palestinians (RT)

A Palestinian Red Crescent representative on Tuesday described the destruction of the Baptist Hospital in Gaza City as a war crime and genocide, while a local doctor called it a massacre. Over 600 people have been reported dead, but it is feared the final death toll may exceed a thousand. “This is genocide. This is a war crime,” Nebal Farsakh of the Red Crescent told Al Jazeera. She explained that in addition to the patients inside, many Palestinian civilians had sought shelter in the hospital compound, after Israel ordered everyone in the north of Gaza to leave. “Those who were in front of the hospital were forced to leave their homes under the evacuation order. They can’t even afford to evacuate to the south. There’s complete destruction of the infrastructure and transportation,” she said, speaking from Ramallah in the West Bank.

“What’s happened is terrible because those people, all of them, are civilians. They fled their homes and reached a place that they believed was safe – a hospital, which according to international law, is a safe place,” Ziad Shehadah, a doctor in Gaza, told AJ. “People left their homes thinking they were more dangerous and they moved to our schools and hospitals to be safe. And in one minute, all of them have been killed at a hospital.” According to Shehadah, the final death toll could easily reach more than 1,000. “It is a massacre,” he added. Al-Ahli hospital is run by the Episcopal Diocese of Jerusalem, an Anglican Christian denomination. Its destruction was denounced by the World Health Organization, Egypt, Qatar and Türkiye, among others.

Israel has denied striking the hospital, however. IDF spokesman Daniel Hagari said that “an enemy rocket barrage was carried out towards Israel, which passed through the vicinity of the hospital when it was hit.” “According to intelligence information, from several sources we have, the Islamic Jihad terrorist organization is responsible for the failed shooting that hit the hospital,” Hagari added. The same claim was echoed by Prime Minister Benjamin Netanyahu shortly afterwards. Hamas leader Ismail Haniyeh insisted that such “brutality” by Israel confirmed its “defeat” on October 7, and said the US was ultimately to blame. “The US holds the responsibility of the hospital attack because of the cover it gives to the Israeli aggression,” Haniyeh said. He also called for Palestinians in the West Bank to rise up against Israel.

Within minutes of Haniyeh’s statement, a riot broke out in Ramallah, as hundreds of Palestinians protested against President Mahmoud Abbas’ decision to meet with US President Joe Biden on Wednesday. Abbas has reportedly canceled those plans since, citing the hospital attack. In nearby Jordan, dozens of protesters attempted to break into the Israeli embassy in Amman, but were dispersed by police. Russia and the United Arab Emirates have called for an emergency session of the UN Security Council on Wednesday, to discuss the Gaza hospital attack.

https://twitter.com/jacksonhinklle/status/1714405328387813818

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Street protests literally everywhere in the world.

“There is no point in doing anything at this time other than stopping this war..” “There is no benefit to anyone in holding a summit at this time.”

Arab Leaders Refuse To Meet Biden As Protests Rage Around The World (ZH)

Update(1820ET): As expected, the fallout from the al-Ahli Baptist Hospital bombing has been swift, with a domino effect of negative consequences both for diplomacy and on the ‘Arab street’. The situation outside the US Embassy in Beirut is deteriorating tonight, with reports of riot police and tear gas being deployed against large crowds waving Hezbollah flags. But more importantly, and just as Air Force One is departing Washington for Israel, the White House has canceled the entire leg of Biden’s trip to Jordan. The confirmation was issued within the same hour that Arab leaders announced they were unwilling to meet with Biden, given the US is Israel’s biggest funder and supporter.

Biden issued a statement “deepest condolences” to victims of Gaza “hospital explosion,” according to the White House official statement: “After consulting with Jordan King Abdullah II & in light of the days of mourning announced by Palestinian Authority President Abbas, President Biden will postpone his travel to Jordan and the planned meeting with these two leaders and Egypt President Sisi. The President sent his deepest condolences for the innocent lives lost in the hospital explosion in Gaza, and wished a speedy recovery to the wounded.”

So even before arriving in Israel, the Tuesday massacre – which Israel is actually blaming on Palestinian militants (specifically PIJ) – has effectively served to box-in Biden. France’s Macron has just issued a condemnation to boot, saying “nothing can justify targeting civilians” in a statement which appears to place blame squarely on the Israelis. Biden will now also face the pressure to join the chorus of international condemnation. “International humanitarian law is binding on all and must enable the protection of civilian populations. Humanitarian access to the Gaza Strip must be opened up without delay,” the French foreign ministry said in the statement. Here’s what Jordan had to say: “There is no point in doing anything at this time other than stopping this war,” Jordan’s Foreign Minister Ayman Safadi said on Al Jazeera Arabic early Wednesday morning. “There is no benefit to anyone in holding a summit at this time.”

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No longer feasible. Those days went by rapidly.

Jordan FM Says Summit With Biden’s Participation Cancelled (TASS)

Jordanian Foreign Minister Ayman Safadi said the October 18 summit in Amman, expected to be attended by US President Joe Biden, has been cancelled. “We made the decision not to hold the four-party summit in Amman,” the minister said in a comment to Al Jazeera. He said the top-level meeting was cancelled after consultations with other partners – Egypt, the United States and Palestine. “Our decision not to hold the four-party summit was made after consultations with the Palestinian authorities, Cairo and Washington,” Safadi said. Meanwhile, the White House said early on Wednesday that Biden had cancelled his visit to Jordan. “After consulting with King Abdullah II of Jordan and in light of the days of mourning announced by President Abbas of the Palestinian Authority, President Biden will postpone his travel to Jordan and the planned meeting with these two leaders and President Sisi of Egypt,” a White House spokesperson said in a statement.

According to the release, the US president “looks forward to consulting in person with these leaders soon, and agreed to remain regularly and directly engaged with each of them over the coming days.” Biden also conveyed his condolences for the innocent lives lost in the hospital explosion in Gaza. The summit was scheduled to take place on October 18, in the Jordanian capital of Amman. It was expected to bring together US President Joe Biden, Jordanian King Abdullah II, Egyptian President Abdel Fattah El-Sisi and Palestinian President Mahmoud Abbas. A spokesperson for the Fatah movement, led by Abbas, said late on Tuesday that the Palestinian president refused to participate in the talks.

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Failure guaranteed even before his plane touches down.

“Palestine belongs to the great three religions and this is only going to put the Jewish state at stake, at risk, if these kinds of things are going to be done wrongly.”

Failure of Biden’s Israel Trip Would be ‘Curse’ on 2024 Election Campaign (Sp.)

US Secretary of State Antony Blinken announced on Tuesday that US President Joe Biden would visit Israel in the coming days as the Israeli Defense Forces (IDF) prepare to launch a ground invasion of the Gaza Strip. Speaking in the Israeli coastal city of Tel Aviv, Blinken said Biden would “reaffirm the United States’ solidarity with Israel and our ironclad commitment to its security,” and would “receive a comprehensive brief on Israel’s war aims and strategy” as it amasses 350,000 troops to invade Gaza. Having traveled to Israel a day prior, Blinken has pressured the Israeli government to allow humanitarian corridors to open into Gaza, which has been under “complete siege” for more than a week.

The IDF bombing campaign has killed more than 2,800 in Gaza since October 7, when Hamas launched an unprecedented raid into Israeli territory that killed more than 1,300 Israelis in several border settlements near Gaza. Blinken said Biden would oversee implementation of “a plan that will enable humanitarian aid from donor nations and multilateral organizations to reach civilians in Gaza” without “benefiting” Hamas, which governs the Gaza Strip. Riyadh-based political analyst Dr. Ahmed al-Ibrahim told Sputnik on Tuesday that regional trust had waned in Washington’s ability or willingness to mediate the 75-year-long conflict between Israel and the Palestinians, but noted that the conflict would continue until both sides are willing to make hard choices to satisfy the others’ concerns.

“Traditionally, the United States is the custodian of Israel and they have unlimited support for Israel. Biden wants to show that to the world – that the United States is standing behind Israel at anything that Israel needs and has unconditional support for the Israelis. Of course, let’s not forget that he’s taking this opportunity to position himself [in] the presidential election that’s coming up, so he can get the Jewish votes inside the United States and show that he can turn things in the Middle East and use it in the favor of Israel.” “Definitely, this is going to be held as a kind of campaign for Biden, that he can still solve issues in the Middle East, and he’s going to use it for his campaign,” Dr. Al-Ibrahim said, noting that ”it is very sensitive. It is not uncomplicated, because if he does not do it right, this thing is going to accelerate so much that it will be beyond control. So if Biden doesn’t come with the right formula in order to solve it, it could be a curse on his election in 2024.”

Dr. Al-Ibrahim said that after arriving in Israel, Biden would most likely not attempt to position himself as a mediator in the conflict between Israel and Hamas, but to support Israel as it prepares for a ground invasion of the Gaza Strip, which the commentator said would be “a big mistake.” “It’s only going to fuel [strife in] the whole Middle East and it’s going to fuel probably 2 billion Muslims and 2.5 billion Christians. Palestine belongs to the great three religions and this is only going to put the Jewish state at stake, at risk, if these kinds of things are going to be done wrongly.”

“We know that Gaza is the most geographically dense location in the world. However, we all agree, Saudi Arabia agreed from before, that Hamas is not the government that should control Gaza. It should be another government, not radical, like Hamas. And this issue needs to be put on the table. If Biden doesn’t balance the situation between the Palestinians and the Israelis, this can be expanded geographically. And it’s a very sensitive issue for the Israelis right now and for the Palestinians to really have a permanent solution and to go back to the two-state solution. This is what basically [Saudi] Prince Mohammed bin Salman has conveyed very strongly to Secretary Blinken,” Dr. Al-Ibrahim said. However, Dr. Al-Ibrahim said that people in the Middle East have “given up” on US policy in the region and “lost trust” that any American politician is actually interested in solving the Israeli-Palestinian conflict.

“Is it incompetency? Is it the strategy? Nobody knows. The Middle East region lives off of conspiracies, these conspiracies are an issue with them. The Palestinian file is very close and dear to the Middle Eastern people and they are looking at the Palestinians and they see that their rights have been taken, and the Israelis are only gaining more land and not giving anything to the Palestinians – no dignities, no land, nothing.” “Everybody blames America in this region for what’s happening, everybody. It’s not necessarily that they have an evil strategy in order to execute things,” he explained. “It’s maybe incompetence. They are looking at the matters in their own country and not getting them right. Look at Iraq, look at Afghanistan, look at Ukraine – look at all these countries. The war starts, and there is no right execution, chaos and hell starts happening in the region.

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“We may be about to see massive ethnic cleansing” – a clear indication that Western capitals know exactly what Israel is doing.”

US Opposes Peace as Israel Ethnically Cleanses Palestinians (Norton)

The Israeli government is in the process of ethnically cleansing more than 1 million Palestinians, pushing them out of their homes in Gaza. According to senior Israeli officials, the plan of the far-right Benjamin Netanyahu government is to force Palestinians into the desert of Egypt’s Sinai Peninsula, where they will live in so-called “tent cities”. At the same time, Israel is brutally bombing the besieged Gaza strip – one of the most densely populated areas on Earth. There are even reports that Israel has attacked convoys of Palestinian civilians who were abiding by its evacuation order and fleeing from the north to the south of the 40-kilometer strip. Meanwhile, the United States has adamantly refused to support calls for peace. Instead, the State Department told US diplomats not to mention the phrases “de-escalation/ceasefire”, “end to violence/bloodshed”, and “restoring calm” when discussing Gaza, according to a memo obtained by HuffPost.

[..] According to Pulitzer Prize-winning investigative journalist Seymour Hersh, Israel’s plan is to ethnically cleanse Palestinians and force them into Egypt. Citing an anonymous high level source, Hersh wrote, “I have been told by an Israeli insider that Israel has been trying to convince Qatar, which at the urging of Prime Minister Benjamin Netanyahu was a long-time financial supporter of Hamas, to join with Egypt in funding a tent city for the million or more refugees awaiting across the border”. This plan was in fact confirmed by Israel’s former deputy foreign minister, Danny Ayalon, who previously served as the Israeli ambassador to the United States and a foreign policy adviser for far-right Prime Minister Benjamin Netanyahu. In an interview with Al Jazeera reporter Marc Lamont Hill on 12 October, Ayalon stated:

DANNY AYALON: “This was, this is thought out. It’s not something that we tell them, go to the beaches, go drown yourselves, God forbid, not at all. There is a huge expense, almost endless space in the Sinai desert, just on the other side of Gaza. The idea is – and this is not the first time it will be done – the idea is for them to leave over to the open areas where we and the international community will prepare the infrastructure, you know, tent cities, with food and with water – you know, just like for the refugees of Syria that fled the butchering of Assad a few years ago to Turkey; Turkey received 2 million of them. This is the idea. Now Egypt will have to play ball here, because once the the population is out of sight, then we can go… I’ll tell you in a practical manner what we should do, and what we can do: create, like in the past, in history, a humanitarian corridor. When there is a humanitarian corridor – and we have been discussing this with the United States – then we can guarantee in this corridor that nobody will get hurt. Now, again, I say, there is a way to receive them all on the other side for temporary time, on the Sinai, because what did Hamas turn –

MARC LAMONT HILL: On the other side? Are we talking about Rafah? Are you saying the other side, they go to Egypt? DANNY AYALON: Yes, absolutely, absolutely. And Egypt will have to play ball. While Israel is ethnically cleansing Palestinians and killing large numbers of civilians, Western governments have showed unflinching support. US Secretary of State Antony Blinken and European Commission President Ursula von der Leyen both traveled to Tel Aviv to symbolically back the far-right Netanyahu government. The Financial Times reported that some EU officials are concerned “that the European Commission president could look as if she is endorsing military actions that will cause mass civilian casualties — and that will swiftly be labelled as war crimes”.

An unnamed EU diplomat told the Times, “We may be about to see massive ethnic cleansing” – a clear indication that Western capitals know exactly what Israel is doing. “Our fear is that we’ll pay a heavy price in the global south because of this conflict”, an anonymous EU official confessed to the newspaper. The vast majority of countries in the Global South support the Palestinian people in their struggle against Israeli colonialism. A rare exception is the far-right government in India, whose Prime Minister Narendra Modi represents a vehemently anti-Muslim Hindu-nationalist party, the BJP, which sees Israel’s religious ethnostate as an inspiration and potential model for its own plans for a so-called “Hindu rashtra”.

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The operation looks less likely by the minute. First it was on, then postponed due to bad weather (which was fine), and now the IDF says it’s “still undecided about whether to launch a ground offensive in the Gaza Strip..”

Israeli Ground Operation In Gaza An ‘Ugly Blot On Humanity’ – Türkiye (TASS)

Israel’s potential launch of a ground military operation in the Gaza Strip would result in the deaths of thousands of innocent people and represent an “ugly blot on humanity,” Omer Celik, a spokesman for Turkey’s ruling Justice and Development Party (AKP), said on Tuesday. “A potential ground military operation by Israel in the Gaza Strip would lead to the deaths of thousands of innocent people, including women and children,” Turkish television news channel TRT Haber quoted Celik as saying. “It would be a catastrophe and an ugly blot on humanity.” According to the spokesman of the AKP, which is led by Turkish President Recep Tayyip Erdogan, the Palestinian-Israeli conflict can be settled through peaceful methods only. “First of all, the anti-humane bombardments of the Gaza Strip must be stopped and the blockade must be lifted and only then should the parties sit down at the negotiating table to reach a lasting and stable peace,” Celik added.

Israel Defense Forces (IDF) Spokesman Lieutenant Colonel Richard Hecht announced earlier in the day that Israel was still undecided about whether to launch a ground offensive in the Gaza Strip. Tensions flared up again in the Middle East on October 7 when militants from the radical Palestinian movement Hamas staged a surprise attack on Israeli territory from the Gaza Strip. Hamas described its attack as a response to the aggressive actions of Israeli authorities against the Al-Aqsa Mosque in the Old City of Jerusalem. Israel has announced a total blockade of the Gaza Strip and has been delivering rocket attacks on Gaza as well as some districts in Lebanon and Syria. According to the latest official data, more than 2,800 Palestinians have been killed since the renewed outbreak of violence, while over 11,200 others have sustained wounds. In Israel, over 1,500 people have lost their lives and over 4,200 have been wounded in clashes, including on the West Bank of the Jordan River.

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And the Guardian fired a cartoonist after 40 years of service.

How Media Outlets Work With Israel To Control Gaza Narrative (Adley)

This week’s coverage by Western corporate media underlined its inability to hold the world’s 4th largest military to account for war crimes and instead give airtime to Israeli military officials to incite genocide against Palestinians, who are caged like animals in the world’s largest concentration camp. Western corporate journalists cannot report neutrally on Israel/Palestine. And here’s just a few examples as to why: Let’s take The New York Times, for example. Not only has the newspaper constantly supported Israel’s expansionist policies, but it has also directly participated in the dispossession of Palestinians from their homes. The New York Times’ Jerusalem bureau is built on a Palestinian house that belongs to a noted Palestinian writer Ghada Karmi, a survivor of the Nakba.

The Times also often cooperates with Israeli officials. In 2014, for example, it received and obeyed an Israeli gag order to suppress the news that Israel had arrested a Palestinian journalist. From 2008 – 2012, The New York Times Israel bureau chief, Ethan Bronner, was exposed to having his 20-year-old son enlist in the Israeli army while he was actively covering the region for the newspaper. The so-called paper of record never made this public to its readers, raising serious questions of bias and a conflict of interest. The New York Times also fired Gaza photographer Hosam Salem following an intervention from Israel lobby group Honest Reporting. However, the paper had no problem employing Ethan Bronner and others like Isabel Kershner and David Brooks to write about Palestine while all three had offspring fighting in the Israeli military.

In general, the consolidation of corporate media since the 1980s has led to ownership by billionaire oligarchs or gigantic multinational corporations that have a strong stake in preserving the status quo of ensuring forever wars continue, and neither of whom want to see nationalist liberation struggles succeed. The orders come down from up high that news organizations have to support Israel. Axel Springer – a giant German broadcaster that owns Politico – has explicitly told its staff that it is their duty to support Israel and those that don’t should leave. A wave of firings of Arab journalists across Germany underlined this message. The BBC, meanwhile, is the state broadcaster for the United Kingdom, a nation that helped create the state of Israel in 1948. Many of its top foreign affairs journalists go on to work for NATO or big think tanks funded by weapons manufacturers who directly profit from war.

The BBC has been continuously criticized for not providing historical context to the crisis in Gaza and linking it to its own British colonial history of helping create the state of Israel through the Balfour Declaration and providing it with weapons to occupy Palestinian land ever since. American journalists who don’t toe the line on Israel/Palestine are frequently made examples of. CNN fired anchor Marc Lamont Hill for calling for a free Palestine. Katie Halper was fired from The Hill for (accurately) calling Israel an Apartheid state. And The Guardian sacked Nathan J. Robinson after he made a joke mocking US military aid to Israel.

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“.. none of this is going to happen,” because Biden has “already forgotten what he said.” “Dementia is a useful thing,” Medvedev added.

Putin Responds To Biden ‘Put Down’ Comments (RT)

Russian President Vladimir Putin on Tuesday addressed the comments made by US President Joe Biden about “putting down” Moscow, suggesting that the octogenarian American politician still has a lot to learn. “You live, you learn. One must learn, and then there won’t be a desire to ‘put down’ anyone, since that leads to problems. One needs to learn to respect others and seek compromise,” Putin said in Beijing, where he is attending the international Belt and Road Forum. The Russian leader was responding to a reporter who had asked for a comment on Biden’s statements, voiced in a ‘60 Minutes’ interview broadcast on Sunday by the US network CBS.

“Imagine what happens if we, in fact, unite all of Europe and Putin is finally put down where he cannot cause the kind of trouble he’s been causing,” Biden told interviewer Scott Pelley at one point, arguing that the US has “enormous opportunities to make it a better world.” Putin’s response was more diplomatic than the reaction of his predecessor Dmitry Medvedev, who currently chairs the Russian security council. Commenting on Biden’s words on Monday, Medvedev thanked the US president for clarifying his mission, but noted that “none of this is going to happen,” because Biden has “already forgotten what he said.” “Dementia is a useful thing,” Medvedev added.

Biden, 81, is the oldest US president to be sworn in. He has been dogged by persistent rumors about his deteriorating physical and mental health, driven by a history of mis-speaking in public. In a CBS poll last month, only 26% of respondents said he was physically and cognitively fit for the job, and only 34% believed he would make it to the end of his second term, if re-elected in 2024. At a campaign event in Pennsylvania in early September, Biden argued that his advanced years were actually an asset, because “the only thing that comes with age is a little bit of wisdom.”

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As the US is setting one part of the world on fire, Xi and Putin build a new world elsewhere.

Why Vladimir Putin’s Visit To Beijing This Week Is So Important (Babaev)

Vladimir Putin’s visit to Beijing this week marks the second Russia-China summit this year. This time, the president is paying a visit to his friend and strategic partner, following agreements reached during Xi Jinping’s trip to Moscow in March. At that time, the Chinese leader invited Putin to attend the third forum of the Belt and Road Initiative (BRI), which marks its tenth anniversary. The presence of the Russian leader at the event is especially notable given the occasional view (mostly from the West) that the project has reached a dead end. The scheme, launched by Xi in 2013 to link Chinese goods to European markets via trans-Eurasian land and northern sea routes, is indeed facing a dilemma. By erecting a new “iron curtain” on the borders of Russia and Belarus, Western Europe has fallen into its own trap, depriving itself of low-cost energy sources – the main driver of its economy since the 1970s.

At the same time, Western European countries are also closing off the possibility of importing cheap Chinese goods by land since Russia was the critical link in the ‘One Belt, One Road’ project. Meanwhile, sanctions on the supply of high-tech products to China and the refusal to allow Chinese investment in their markets are also jeopardizing Sino-European trade along the Northern Sea Route. Under these conditions, the BRI is looking for new points of growth, one of which could be fast-growing Russian-Chinese trade and the coupling of the initiative with the Moscow-led Eurasian Economic Union (EAEU). The EAEU and the Belt and Road pairing would be important for Russia in the context of its ‘pivot to the East,’ which is largely complete in exports and imports. China understands that trade with the EAEU is much more reliable than interaction with Western countries, albeit in smaller volumes.

After reaching almost $200 billion last year, trade between the two countries could exceed $300-350 billion in the medium term. The current transport infrastructure is struggling to cope with the growing flow of goods, and new solutions are needed. The leaders of Russia and China will discuss this at the Beijing summit. This could include new railway lines across their common border and through Central Asian countries, as well as pipelines. Given the full capacity of Power of Siberia, many expect Putin’s visit to finalize agreements on the construction of Power of Siberia-2, which will benefit both Russia, which is turning its gas flows eastwards, and China, which is looking for a cheap replacement for dirty coal. Likely, the conversation will also focus on building financial infrastructure.

Both countries are actively developing national digital currencies that could replace modern fiat currencies for settlements within two to three years. This will eliminate sanctions risks in this regard by removing the need for correspondent settlements while significantly automating cross-border payments. At the same time, it is crucial to convince Beijing of the need to allow large Russian banks to enter the Chinese financial system: Sberbank, Alfa Bank, and Gazprombank have already announced their intention to open branches, and the approval of the regulator will help to balance cooperation between the two countries, as Chinese banks have long and fruitfully worked in Russia. Of course, it is also essential for the leaders of Russia and China to discuss political issues, both within the framework of bilateral coordination and in the context of the activities of international organizations.

The expansion of BRICS presents both new opportunities and challenges. The activities of the Shanghai Cooperation Organization require long overdue improvements and a transition to a new level of interaction. Putin and Xi may also discuss the implications of the recent summit between China and the Central Asian states, as Beijing’s intention to turn it into a permanent institutional format is unlikely to please Moscow. In any case, it is time for the partners to synchronize their policies and outline new prospects for cooperation. Every meeting between Putin and Xi gives an impetus to the development of economic, scientific, technological, and humanitarian ties. Given that 2024 will be the year of the 75th anniversary of diplomatic relations between our countries, this should be particularly strong.

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“People’s striving for a better life and the aspiration of all countries for common development and prosperity are irresistible..”

Trend Toward Mutually Beneficial Cooperation Unstoppable – Xi Jinping (TASS)

The historical trend toward peace and mutually beneficial cooperation among countries cannot be stopped, Chinese President Xi Jinping said at a reception for the heads of delegations participating in the Belt and Road forum at the Great Hall of the People. “The historical trend toward peace, development and mutually beneficial cooperation cannot be stopped. People’s striving for a better life and the aspiration of all countries for common development and prosperity are irresistible,” the Xinhua news agency quotes him as saying. As he addressed the participants, Xi said that cooperation in the Belt and Road project pursued development goals, was aimed at yielding mutual benefits and carried “a message of hope.”

He also said that all the successes achieved in implementing this initiative were a collective merit of the governments, businesses and peoples of the participating countries. “In the past 10 years since the launch of the Belt and Road Initiative, China and its partners have worked together to uphold the spirit of the Silk Road, contribute to global connectivity, to build platforms for international economic cooperation and to give an impetus to global economic growth,” Xi stated, adding that the initiative would create a brighter future for the whole of humanity.

A photo session preceded the meeting. Russian President Vladimir Putin took a place on the right hand-side of the summit’s host Xi Jinping. Before that, immediately upon arrival, the Russian president and the Chinese leader shook hands and exchanged a few remarks. The third Belt and Road forum is taking place in Beijing on October 17 and 18, with over 4,000 participants from more than 140 countries in attendance. Russian President Vladimir Putin arrived as the chief guest of the event. The Belt and Road initiative is a concept Chinese President Xi Jinping proposed in 2013 with the aim to intensify multilateral trade and investment projects with the participation of countries concerned and Chinese and foreign capital. More than 150 states and more than 30 international organizations have already joined it.

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“If they [US] have no other tasks but to build relations with Russia, then in a sense this is not bad..”

US Must Learn to Respect Other States, Find Compromises – Putin (Sp.)

Russian President Vladimir Putin said on Tuesday, commenting on a recent remark of US President Joe Biden about the need to “put down” the Russian leader that the United States need to learn to respect others and be able to find compromises, then no one will need to be suppressed. In a recent interview with an American broadcaster, Biden stated that he is sure about running for the second presidential term. “All of Europe and Putin is finally put down where he cannot cause the kind of trouble he’s been causing,” the president claimed when asked to imagine what would happen if the US unites. “They need to learn to respect others and then no one will have to be suppressed. But the desire to suppress someone all the time for some reason or for no reason at all leads to problems. They [US representatives], of course, with their usual brilliance, love and do it well – they smile during protocol events, pat everyone on the shoulder.

But respect for other people, for other countries, for other peoples lies elsewhere, lies in taking into account their interests,” Putin told Pavel Zarubin, a Russian news agency reporter. If the United States has no other tasks than building relations with Russia then it is not bad, Putin said.”I believe that Biden is certainly one of the most experienced politicians in the world as a whole – in terms of time spent in the so-called upper echelons of power. He has been in politics for a long time. Of course, a person is experienced and knows what tasks to set for himself, how to achieve them. If they [US] have no other tasks but to build relations with Russia, then in a sense this is not bad,” Putin said, emphasizeng that Russia’s interests cannot be suppressed, but will have to be respected.

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Views are shifting despite the media.

Majority Of Americans Believe Both Biden And Trump Committed Crimes (Turley)

We recently discussed a poll showing that 68% of voters believe that President Joe Biden acted either criminally or unethically in connection to the foreign dealings of his son, Hunter Biden. Now a Fox poll has found largely that same response — a majority believes that both Biden and former president Donald Trump have committed criminal acts. It is an extraordinary political and legal moment where the two frontrunners for the presidency are believed to be criminal actors by many voters. The Fox polls shows that 52% of voters believes Trump did something illegal in connection to efforts to overturn the 2020 election and his handling of classified documents. Only 23% believe that Trump did not commit criminal acts.

Obviously, the results are driven by the overwhelming view of Democrats (86%) but independents (53%) also think Trump did something illegal. On the Bidens, 52% think Hunter Biden did something illegal in relation to his business dealings in Ukraine and China. That worsening situation is again driven on one side with Republicans. However, there was an 18% shift in independents that should worry the President. Some 40 percent believe that Joe Biden committed crimes. That is close to the 36 percent who shared that view in the earlier poll. What is particularly notable is that 69 percent now believe that Joe Biden acted with criminally or unethically — virtually identical to the other poll.

As I wrote earlier, the most striking aspect of these polls is the disconnect with the mainstream media. Despite overwhelmingly protective coverage for the Bidens, the public is simply not buying it. While both the Democrats and the media have been unrelenting in opposing investigations into the Bidens, the public has long supported such efforts. These consistent polls show that the public is tuning out the media spin on the corruption scandal involving the Bidens. It also shows (with both Trump and Biden) that the same roughly 25% remain constant for both candidates. NB: The headline and two lines were changed to reflect that the view of Joe Biden as a criminal actor has increased but remains under 50 percent. However, 69% now view the President as acting either criminally or unethically.

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“..legal protection granted to Pfizer by the PREP act will cease to protect it if significant fraud on the part of Pfizer is discovered.”

Pfizer May Go Bankrupt, Financial Markets Realize (Chudov)

The stock market may be waking up to the possibility that Pfizer may go bankrupt due to the upcoming Covid vaccine claims. Many parallels can be drawn between the corporate behaviors of Pfizer and Purdue Pharma, another pharmaceutical concern that dishonestly and aggressively marketed harmful products. Purdue Pharma went bankrupt due to the greed and depravity of its leaders, as their “legal protections” evaporated. The same may happen to Pfizer. Old, experienced vaccine companies like GSK refused to participate in “Covid vaccines” – and we now see why they made the right choice. Take a look at this chart: Pfizer’s stock (PFE) is valued at 25% less than it was five years ago, despite the billions of dollars it received from the sales of COVID vaccines, and the stock market and the pharmaceuticals index having gone up:

At first sight, Pfizer, a worldwide pharmaceutical juggernaut, should not be worth less than before the pandemic. Pfizer’s COVID vaccine made it billions and should have added value to the company, even if future sales of COVID-19-specific products cannot be assured. And yet, PFE has inexorably fallen since last November and is worth 25% less than five years ago, defying the general upside tendencies seen for other pharmaceuticals and the stock market. Since November of 2022, Pfizer has deviated from the trend of the pharmaceuticals index, underperforming by 35%. This can only be explained by the capital markets seeing something uniquely troublesome for Pfizer. This post will explore what it may be.

I am far from the first person suggesting that Pfizer, which aggressively marketed its COVID vaccines and underwrote a worldwide influence operation to mandate its product, may face ruinous liabilities. Ed Dowd, a former asset manager, was one of the first people to realize that. He explained that legal protection granted to Pfizer by the PREP act will cease to protect it if significant fraud on the part of Pfizer is discovered.

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Elephant Seal

 

 

Barracuda
https://twitter.com/i/status/1714220443173798290

 

 


Condor

 

 

Best friends
https://twitter.com/i/status/1714289662834155878

 

 

 

 

Yellow lane

 

 

Strandbeest

 

 

 

 

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


Vincent van Gogh Quay with Men Unloading Sand Barges 1888


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

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

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

Andrew has his thoughts, just as valuable:

 

 

Andrew Korybko:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

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Jul 252023
 
 July 25, 2023  Posted by at 8:50 am Finance Tagged with: , , , , , , , ,  66 Responses »


Andy Warhol Mao 1972

 

RFK Jr. Calls For Corruption Investigation Of Joe Biden (JTN)
The Failed State Effort Of Indicting Trump (MoA)
The Purple Hour (James Howard Kunstler)
The NATO Generals Know The War Against Russia Is Lost (Helmer)
Counter-Revolution – ‘Do You Know What Time It Is?’ (Alastair Crooke)
The Strange Lives And Pointless Deaths Of Foreign Mercenaries In Ukraine (Sizova)
Russian Monthly Munition Production Exceeds Volumes for the Whole of 2022 (Sp.)
Richard Nixon Predicted Ukraine Conflict In 1994 – WSJ (RT)
Russia Does Not Target Civilian Buildings – Kremlin (RT)
The Looming War Against China (Michael Hudson)
BRICS Problems, BRI Solutions (Pepe Escobar)
The BRICS Won’t Kill the Dollar, US Policy Will (GS)
From Napoléon to Macron: How France Learned To Love Big Brother (Pol.eu)
Macron Says France Needs Return To Authority ‘At Every Level’ After Unrest (G.)
Nobel Physics Laureate Speaks Out About “Corruption” of Climate Science (DS)
Biden Blames White House Cocaine On Black Guy Who Lived There Before (BBee)

 

 

 

 

McCarthy

 

 

Jordan
https://twitter.com/i/status/1683473091215921152

 

 

 

 

 

 

Donalds
https://twitter.com/i/status/1683490143536300032

 

 

Biden Archer

 

 

 

 

Biden short stairs

 

 

 

 

Might as well (attack).

RFK Jr. Calls For Corruption Investigation Of Joe Biden (JTN)

Democratic presidential candidate Robert F. Kennedy Jr. changed tactics Sunday and demanded for the first time an investigation into possible corruption by President Joe Biden, his party’s standard bearer. Kennedy’s request was prompted by the release last week of an FBI informant report that alleged that Biden was part of a $10 million bribery scheme involving an Ukraine company that hired his son Hunter. The report released by Sen. Chuck Grassley (R-Iowa) alleges Burisma Holdings founder Mykola Zlochevsky told a the informant that he was “coerced” into paying the Bidens $10 million to get a Ukrainian investigation shut down. “I have avoided criticizing the president because I’m trying to bring people together and end some of the vitriol, the poison that’s made politics so poisonous,” Kennedy told Fox News host Maria Bartiromo’s “Sunday Morning Futures.”

https://twitter.com/i/status/1683647670513029121

“I think though the issues that are now coming up are worrying enough that we really need a real investigation of what happened,” he said. “I mean, these revelations where you have Burisma — which is a notoriously corrupt company that paid out apparently $10 million to Hunter and his dad — if that’s true, then it is really troubling.” Kennedy added Americans should also be worried about the politicization of federal law enforcement. “I think that that’s something that every American needs to worry about and our federal agencies, which used to be above politics, and now become weaponized as political instruments, and that, again, is another really damaging trend for our democracy,” he said.

RFK

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“Jack Smith [..] employs 40 to 60 career prosecutors, paralegals and support staff [..] In his first four months on the job [..] Mr. Smith’s investigation incurred expenses of $9.2 million..”

“With that budget and the brainpower of such a large staff one could find fault with anyone and indict any person for whatever without much problems..”

The Failed State Effort Of Indicting Trump (MoA)

The effort Biden’s Justice Department puts into preventing the leader of its opposition from gaining another presidency has reached an insane level. “As Inquiries Compound, Justice System Pours Resources Into Scrutinizing Trump” – NY Times – Jul 23, 2023. “Jack Smith, the special counsel overseeing criminal investigations into former President Donald J. Trump, employs 40 to 60 career prosecutors, paralegals and support staff, augmented by a rotating cast of F.B.I. agents and technical specialists, according to people familiar with the situation. In his first four months on the job, starting in November, Mr. Smith’s investigation incurred expenses of $9.2 million. That included $1.9 million to pay the U.S. Marshals Service to protect Mr. Smith, his family and other investigators who have faced threats after the former president and his allies singled them out on social media. At this rate, the special counsel is on track to spend about $25 million a year.”

With that budget and the brainpower of such a large staff one could find fault with anyone and indict any person for whatever without much problems. If this would happen in a foreign democracy that is not friendly with the U.S. the State Department and various think tanks would be outraged about such anti-democratic behavior. It would be explained as a sign that the state in question is falling apart. “The main driver of all these efforts and their concurrent expenses is Mr. Trump’s own behavior — his unwillingness to accept the results of an election as every one of his predecessors has done, his refusal to heed his own lawyers’ advice and a grand jury’s order to return government documents and his lashing out at prosecutors in personal terms.”

That all might be a bit outrageous but what is actual criminal with it? The government documents are back to where they are supposed to be and none were reportedly of any great significance. So why still make such a fuzz about them? Seen from the outside U.S. internal politics now look like a bad reality show. This is not the self confident behavior of an elite of the sole superpower the U.S. still pretends to be. There is a theory that the U.S. is undergoing some form of sovietization with a similar accumulation of defects and inefficiencies as occurred in the U.S.S.R. before it fell apart. I am not sure that it is the case, but many significant factors – transportation, public service, health, education, industry, policies – now look worse to me than I remember them to be.

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“..if the news media were not a pseudopod of the Blob..”

The Purple Hour (James Howard Kunstler)

Forgive me for bringing this up, but remember the first impeachment of Mr. Trump on the grounds of a phone call to freshly-minted President Z in Ukraine pertaining to some fishy matters around the Burisma gas company? Yes, Mr. T was impeached over a mere inquiry into possible misconduct by a former high US official (being one “Joe Biden,” ex-veep) and his bag-man son. The setup was patently obvious even to us bloggers who enjoy no intimate correspondence with organelles of the DC Blob. A CIA spook “whistleblower” named Eric Ciaramella (sssshhhh) was injected into the scene with help from the devious Col. Vindman at NSA and an assist from Intel Community Inspector General Michael Atkinson… and voila! Recall the solemn pageantry of Nancy Pelosi’s march across the Capitol rotunda with the hallowed bill of impeachment on a satin pillow….

And now, more than three years later, the nation is informed of all the particulars around those Burisma Company’s doings with the Biden family in granular detail ($5-million plus $5-million), laying out just one instance of treasonous moneygrubbing by this family among many grifts in other nations. And in case of any lingering questions — if the news media were not a pseudopod of the Blob — a long roster of bank transfer records has been assembled by Rep. Comer of the House Oversight Committee to validate the deal memos, emails and audio recordings already available for inspection in the alt.news.

You realize, don’t you, that the DOJ and the FBI had all of this info (a.k.a evidence) in its possession even before Trump impeachment number one? AG William Barr and FBI Director Wray could have stepped up at any time after October, 2019, and said, “Oh, here’s what that phone call to Z was about.” That they didn’t is arguably the most blatant crime among scores of crimes committed by the Blob in the Trump and post-Trump years. “Federal Justice Manual 9-5.000, Section B: Constitutional obligation to ensure a fair trial and disclose material exculpatory and impeachment evidence. Government disclosure of material exculpatory and impeachment evidence is part of the constitutional guarantee to a fair trial. Brady v. Maryland, 373 U.S. 83, 87 (1963). The law requires the disclosure of exculpatory and impeachment evidence when such evidence is material to guilt or punishment.”

So now the Blob is desperate to jettison this embodiment of its corruption and lawlessness, “Joe Biden,” before the Trump-deranged masses start paying attention to the distant yelling from the asteroid belt of actual news beyond noisy Planet MSNBC. The Blob will be fighting for its very life anyway. The Ukraine operation is not proceeding according to plan. Do you know why? Answer: because it was a stupid plan concocted by purblind Neocon idiots. Russia has been insulted to the degree that it deems America unworthy of negotiation — meaning Russia will bring the Ukraine mess to a conclusion on its terms. They will take care to do it gingerly, so as not to further inflame the psychosis afflicting America and tempt us into even grosser stupidities. Namely, they will insist on a neutral Ukraine with no foreign operators in it and some rearrangement of Ukraine’s borders.

America will have to lump it. The Blob Neocon faction will blame the whole lamentable affair on “Joe Biden,” who, by then, will be gone from the White House. How does that happen? The 25th Amendment, since we are now at the point where his infirmity is as hard to ignore as the evidence of his crimes. How the Blob deals with his successor, the distressing Ms. Harris, is another bridge to cross. The switcheroo itself may be enough to tank the financial markets, which will give the restive nation something else to think about: the personal ruin of every household in the land. Then, things get really interesting.

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“Putin makes the most important statement by a Russian leader in more than a hundred years..”

The NATO Generals Know The War Against Russia Is Lost (Helmer)

Soldiers lay down smoke on the battlefield to conceal their movements, advancing or retreating, from the troops on the other side. In the US Army manuals for warfighting with smoke, there are four kinds for the battlefield (lead image) – obscuring smoke which is aimed at blinding the enemy so he can’t see what you have coming for him; screening smoke which is laid down between you and your enemy, so he can’t see what you are doing in your positions; protecting smoke which is aimed at disrupting the laser and other targeting systems of the other side’s artillery and rockets; and marking smoke whose purpose is either to pinpoint targets for air attackers or rear artillery, or identify safety positions on a rapid-movement battlefield.

With the White House in the lead, in the war the NATO allies are fighting against Russia to the last Ukrainian, an entirely new kind of smoke has been used – it’s the blowback smoke which blinds its users. On the Ukrainian battlefield this smokescreen conceals nothing from the Russians. Instead, it is being used to deceive the NATO country media, voters, and parliaments which must agree to subscribe the money to pay the Ukrainians to fight, and supply them with NATO ammunition, weapons, intelligence, and support services, including credits and cash. Vladimir Zelensky, the Ukrainian president best known for career comic turns — the most famous of which was playing a piano with his penis (screened, protected, marked) — is the master of the blowback smoke on the present battlefield.

A day ago, he told the Ukrainian deputy prime minister of Canada, Chrystia Freeland: “we are approaching a moment when relevant actions can gain pace because we are already going through some mines locations and we are demining these areas.” The calculated ambiguities – “moment”, “approaching”, “relevant”, “can”, “pace”, “some” – are the smoke. The blowback was started by Freeland who told Zelensky that how his counteroffensive was going against the Russians is “the question in the minds of everyone here [and] the preoccupation of all of your friends in the world”. Zelensky’s smoke was invited by Freeland to blind the world, especially their friends. In this week’s War of the Worlds discussion with Swiss Army Colonel Jacques Baud, this tactic is exposed, and in its place evidence revealed of the French and other allied general staffs trying to find their way off the battlefield, as Zelensky forces are destroyed, along with the best of US, French, British and other NATO weapons. The programme was pre-recorded on Thursday.

Less than twenty-four hours later at a virtual session of the Russian Security Council, President Vladimir Putin made an unusual introduction to the closed-door plans of his military, security and intelligence chiefs. “It is clear today,” Putin said, referring to the Americans, French, Germans, and British, “that the Western curators of the Kiev regime are certainly disappointed with the results of the counteroffensive that the current Ukrainian authorities announced in previous months. There are no results, at least for now.” “The whole world sees that the vaunted Western, supposedly invulnerable, military equipment is on fire, and is often even inferior to some of the Soviet-made weapons in terms of its tactical and technical characteristics.” Then on the topic of Poland and Galicia, Putin makes the most important statement by a Russian leader in more than a hundred years. Putin warns the Polish government, together with the Lithuanians, not to make a troop move on Galicia’s capital Lvov, as the Germans had done in 1941.

He also warns Berlin not to imagine they can recover the old Prussian or the more recent Third Reich sway in those territories. Between the lines also, Putin issued an invitation to two of the ruling factions in Kiev – the military command and the Lvov Banderites – that they should remove Zelensky quickly, before they lose what will be left of their territory, after the Russian Army goes on the offensive. If they want to keep Galicia, “this, I repeat”, Putin said, “is in the end their business. If they want to relinquish or sell off something in order to pay their bosses, as traitors usually do, that’s their business. We will not interfere in this.” Putin’s smoke signal carried a subliminal meaning. He didn’t identify the Biden administration. Instead, he implied that Zelensky is the Americans’ underboss; and that if the Ukrainians want to survive the war in which everything made in America is “on fire”, the Ukrainians don’t have long.

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“The myth of American power, NATO competence and the reputation of U.S. weaponry hangs in the balance..”

Counter-Revolution – ‘Do You Know What Time It Is?’ (Alastair Crooke)

To be blunt, both the U.S. and Europe have stalked brazenly into traps of their own making. Caught in the lies and deceit woven around a claimed inheritance of superior cultural DNA, (vouchsafing, it is said, almost certain victory), the West is awakening to a fast-approaching disaster to which there are no easy solutions. Cultural exceptionalism, together with the prospect of a clear ‘win’ over Russia, are draining rapidly away – but exiting delusion is both slow and humiliating. The coming devastation is not just centred around the failed Ukraine offensive and NATO’s weak showing. It comprises multiple vectors that have been building over the years, but which are reaching culmination synchronously.

In the U.S., the run-up to momentous elections is underway. The Democrats are in a fix: The party has long since turned its back on its old blue-collar constituency, engaging instead with an urban ‘creative class’ in an exalted, world-shaping ‘social engineering’ project of moral redress, in alliance with Silicon Valley and the Permanent Nomenklatura. But that experiment has run off into the weeds, becoming ever more extreme and absurd. Push-back is building. Predictably enough, the Democratic campaign is not gaining traction. Team Biden has low, low approval ratings. But Biden family pressure insists that Biden must persevere with his candidature, and not yield to another. Either way – Biden staying or going – there is no ready solution to the Party’s conundrum of a non-performing, non-platform.

The electoral landscape is a mess. Heavy ‘lawfare’ artillery is intended to break the Trump defences and drive him off the field, whilst an attrition of disclosures of Biden family malfeasance are intended wear down and implode the Biden bubble. The Democratic Establishment is spooked too by the flanking manoeuvre of the R. F. Kennedy candidature, which is snowballing rapidly. Put simply, the Democratic wokish ideology of historical redress is separating the U.S. into two nations living in one land. Divided not so much by ‘Red or Blue’, or class, but defined by irreconcilable ‘ways of being’. The old categories: Left, Right, Democrat or GOP are being dissolved by a Cultural War that respects no categories, crossing the boundaries of class and party affiliation. Indeed, even ethnic minorities have been alienated by the zealots wanting to sexualise children at age 5 years, and by the pushing of the trans agenda on to school children.

Ukraine has served as the solvent to the old order and has become the Albatross hanging around the neck of the Biden Admin: How to spin the looming Ukraine debacle as somehow ‘mission achieved’. Can that be done? Because the escape route of a ceasefire and a frozen line of contact is unacceptable to Moscow. In short, ‘Biden’s war’ cannot continue as it is, but nor can it do ‘other’ without facing humiliation. The myth of American power, NATO competence and the reputation of U.S. weaponry hangs in the balance. The economic narrative (‘everything is fine’) is poised, for somewhat unconnected reasons, to turn sour too. Debt – finally – is becoming the sword suspended above the economy’s neck. Credit is being tightly squeezed. And next month, the BRICS-SCO bloc will take the first strategic steps to disentangle up to 40 countries from the dollar. Who then will buy Yellen’s $ 1.1 trillion Treasuries – now and in the future – that is needed to fund U.S. government expenditure? These events ostensibly are disconnected, but in reality, they form a self-reinforcing loop. One leading to a ‘run on the political bank’ – that is to say, the U.S.’ credibility itself.

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According to Russia, 5,000 foreign mercenaries have been killed, and another 5,000 have fled.

The Strange Lives And Pointless Deaths Of Foreign Mercenaries In Ukraine (Sizova)

Since February 24, 2022, a projected 11,675 foreign mercenaries from 84 countries have joined the Armed Forces of Ukraine (AFU). This was stated by the Russian Ministry of Defense on July 10. The largest numbers of mercenaries apparently came from Poland (over 2,600), the US and Canada (over 900 from each), Georgia (over 800), Great Britain and Romania (over 700 each), Croatia (over 300), as well as from France and the part of Syria controlled by Türkiye (over 200 each). According to Moscow, the peak influx of foreign mercenaries was from March to April of last year, but after the first casualties, the growth rate suddenly decreased.

The number of foreign mercenaries in Ukraine appears to be rapidly declining. Russia’s Ministry of Defense believes that only around 2,000 remain today. It has also claimed that about 5,000 foreign volunteers fled Ukraine after seeing how the authorities treated them. During interrogations, captured Ukrainian servicemen have reportedly said the commanders of front-line AFU units are not held accountable for losses among mercenaries.“The Ukrainian command throws units with foreign mercenaries into so-called ‘meat-grinder assaults’ on Russian positions. Wounded mercenaries are the last to be evacuated, only after all Ukrainian servicemen are removed [from the battlefield],” said the Russian Ministry of Defense.

Shortly after the start of Russia’s offensive, President Vladimir Zelensky announced the formation of the International Legion of Territorial Defense in order to attract foreign volunteers to Ukraine. Ukraine’s Ministry of Defense claimed that over 20,000 people wanted to join. In March of this year, however, The New York Times called the data exaggerated. “Ukrainian officials initially boasted of 20,000 potential Legion volunteers, but far fewer actually enlisted. Currently, there are around 1,500 members in the organization,” the article said. Citing internal documents, the newspaper noted that the Legion was experiencing problems and that recruitment had “stagnated.” As the The Washington-based Counter Extremism Project claimed in March, the Legion and other groups tied to it “continue to feature individuals widely seen as unfit to perform their duties”.

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See the difference?!

Russian Monthly Munition Production Exceeds Volumes for the Whole of 2022 (Sp.)

Monthly production of munitions by Russia’s defense industry has exceeded production volumes for entire 2022, Russian Minister of Industry and Trade Denis Manturov said on Monday. Manturov also said that almost all defense firms are meeting deadlines to implement defense orders. “You know that since the start of the current year, the volume of production of numerous weapons, special military equipment has exceeded the volumes for the entire past year. If we talk about means of destruction, we are now entering a level where a monthly production rate exceeds the overall production volume of the past year,” the minister stated.


In January, President Vladimir Putin said that the productivity of Russia’s defense industry is key to victory in the special military operation. “For example, we produce air defense missiles three times more per year than in the United States. And, in general, our defense industry produces about the same amount of air defense missiles for various purposes per year as all the military-industrial enterprises of the world produce,” Putin said during a visit to the Obukhov State Plant, a northwestern branch of Almaz-Antey Aerospace Defense Concern.

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“..the Ukrainian parliament… is even worse than the Russian Duma.”

Richard Nixon Predicted Ukraine Conflict In 1994 – WSJ (RT)

Former US president Richard Nixon warned his successor Bill Clinton nearly 30 years ago that Ukraine could plunge into bloody turmoil, while predicting major political changes in Russia, according to a document made available to the public last week. In a seven-page letter dated March 21, 1994 and cited by the Wall Street Journal, the late president gave his take on the volatile post-Soviet political landscape right after he returned from a trip to Russia and Ukraine. Nixon described Ukraine as “indispensable” and warned that the situation there was “highly explosive.” “If it is allowed to get out of control, it will make Bosnia look like a PTA garden party,” he said, referring to the 1992-1995 ethnic conflict in the Balkans that claimed the lives of tens of thousands of people.

The former president pointed to an “unpredictable” political situation in the country, lamenting that “the Ukrainian parliament… is even worse than the Russian Duma.” He urged Clinton to strengthen the American diplomatic presence in Ukraine and prioritize funding for Kiev. Nixon also noted that the political clout of then Russian president Boris Yeltsin had “rapidly deteriorated,” adding that “the days of his unquestioned leadership of Russia are numbered.” He also remarked that Yeltsin came to indulge himself in longer drinking bouts and could no longer deliver on his commitments to Western leaders in “an increasingly anti-American environment in the [State] Duma and in the country.”

The former US leader was uncertain who could replace Yeltsin but suggested that Russia’s anti-Western forces could produce a “credible candidate for president.” Yeltsin stepped down in late 1999, with Vladimir Putin taking up the reins. Relations between Ukraine and Russia rapidly deteriorated in 2014 after a Western-backed coup in Kiev and the onset of hostilities in Donbass. Russia sent troops into the neighboring country on February 24, 2022, citing Kiev’s failure to implement the Minsk agreements, designed to give the regions of Donetsk and Lugansk special status within the Ukrainian state.

The protocols, brokered by Germany and France, were first signed in 2014. Former Ukrainian president Pyotr Poroshenko has since admitted that Kiev’s main goal was to use the ceasefire to buy time and “create powerful armed forces.” Shortly before the start of the current conflict, the Kremlin recognized the Donbass republics as independent states and demanded that Ukraine officially declare itself a neutral country that would never join any Western military bloc. Last September, Donetsk and Lugansk, as well as Kherson and Zaporozhye Regions, were incorporated into Russia after the holding of referendums.

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Russia fires with high precision. Moreover, the Russian Kh-22 anti-ship missile Zelensky said hit the cathedral is so powerful, there would not be a cathedral anymore.

Russia Does Not Target Civilian Buildings – Kremlin (RT)

Kremlin spokesman Dmitry Peskov has reiterated Russian denials that one of its missiles was responsible for the damage done to the Transfiguration Cathedral in Odessa over the weekend. The claims coming from Kiev are “absolutely not true”, he told journalists on Monday. “Our armed forces never conduct strikes on objects of social infrastructure, even less so on temples, churches and similar objects,” he assured. The Russian Defense Ministry previously said a Ukrainian interceptor missile was likely to blame, an assertion that Peskov endorsed. The cathedral was heavily damaged on Sunday morning amid a Russian missile attack on targets in several Ukrainian Black Sea ports. Ukrainian President Vladimir Zelensky said later in the day that a Russian Kh-22 anti-ship missile had struck the church’s altar. The Ukrainian leader alleged that Moscow was targeting “the people and the foundations of our pan-European culture” and pledged that the church would be rebuilt, with Italy potentially footing the bill.

The Russian Defense Ministry denied the Ukrainian charge, suggesting later on Sunday that the incompetence of the country’s air defense forces was the most probable cause of the damage. Russia targets only military locations and takes care to select only those far from civilians and sites of cultural value, it said. Meanwhile Ukrainian military leaders “place air defense assets in residential areas on purpose.” The practice was acknowledged earlier this month by a spokesman for the Ukrainian military, who claimed that it was necessary because the country doesn’t have enough longer-range air defense systems. Kiev has previously accused Russia of damage done by its own troops. The most notable case happened last November, when Zelensky accused Moscow of killing two Polish farmers in a border region and urged NATO to retaliate. Warsaw swiftly acknowledged that the projectile was likely fired by the Ukrainian side.

Last week, Russia started a series of attacks on targets in Ukrainian ports, which the military described as retaliation for Kiev’s drone strike on the Crimean Bridge last Monday. The Sunday barrage was aimed at sites where “the Kiev regime and foreign specialists planned terrorist attacks against Russia,” the Defense Ministry said. The Transfiguration Cathedral in Odessa was founded in 1794 and was one of the primary Christian places of worship in Imperial Russia. The Soviet government blew it up in 1936, after declaring that it had no historic value. The building was restored over a decade starting 1999 and re-concentrated in 2010.

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“..throw Vladimir Putin out of office and restore a pro-Western neoliberal leader who would pry Russia away from its alliance with China..”

The Looming War Against China (Michael Hudson)

The U.S.-imposed sanctions against trade with Russia are a dress rehearsal for imposing similar sanctions against China. But only the NATO allies have joined the fight. And instead of wrecking Russia’s economy and “turning the ruble to rubble” as President Biden predicted, NATO’s sanctions have made it more self-reliant, increasing its balance of payments and international monetary reserves, and hence the ruble’s exchange rate. To cap matters, despite the failure of trade and financial sanctions to injure Russia – and indeed, despite NATO’s failures in Afghanistan and Libya, NATO countries committed themselves to trying the same tactics against China. The world economy is to be split between US/NATO/Five Eyes on the one hand, and the rest of the world – the Global Majority – on the other.

EU Commissioner Joseph Borrell calls this as a split between the US/European Garden (the Golden Billion) and the Jungle threatening to engulf it, like an invasion of its well-manicured lawns by an invasive species. From an economic vantage point, NATO’s behavior since its military buildup to attack Ukraine’s Russian-speaking eastern states in February 2022 has been a drastic failure. The U.S. plan was to bleed Russia and leave it so economically destitute that its population would revolt, throw Vladimir Putin out of office and restore a pro-Western neoliberal leader who would pry Russia away from its alliance with China – and then proceed with America’s grand plan to mobilize Europe to impose sanctions on China. What makes it so difficult in trying to evaluate where NATO, Europe and the United States are going is that the traditional assumption that nations and classes will act in their economic self-interest is not of help.

The traditional logic of geopolitical analysis is to assume that business and financial interests steer almost every nation’s politics. The ancillary assumption is that governing officials have a fairly realistic understanding of the economic and political dynamics at work. Forecasting the future is thus usually an exercise in spelling out these dynamics. The US/NATO West has led this global fracture, yet it will be the big loser. NATO members already have seen Ukraine deplete their inventory of guns and bullets, artillery and ammunition, tanks, helicopters weapons and other arms accumulated over five decades. But Europe’s loss has become America’s sales opportunity, creating a vast new market for America’s military-industrial complex to re-supply Europe. To gain support, the United States has sponsored a new way of thinking about international trade and investment. The focus has shifted to “national security,” meaning to secure a U.S.-centered unipolar order.

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“Putin tested Pretoria and exposed it to the whole Global South as a fragile node of the “jungle” – actually the Global Majority – easily threatened by the western “garden” gang..”

BRICS Problems, BRI Solutions (Pepe Escobar)

As the BRICS approach the most important summit in their history on August 22-24 in Johannesburg, South Africa, some fundamentals need to be observed. The top three BRICS cooperation platforms are politics and security, finance and the economy, and culture. So the notion that a new BRICS gold-backed reserve currency will be announced at the South Africa summit is spurious. What is in progress, as confirmed by BRICS sherpas, is the R5: a new common payment system. The sherpas are only in the preliminary stages of discussing a new reserve currency which could be gold or commodities-based. The discussions within the Eurasia Economic Union (EAEU), led by Sergey Glazyev, by comparison, are way more advanced. The order of priorities is to get R5 rolling. All current BRICS currencies start with an “R”: renminbi (yuan), ruble, real, rupee, and rand.

R5 will allow current members to increase mutual trade by bypassing the US dollar and reducing their US dollar reserves. This is only the first of many practical steps in the long and winding road of de-dollarization. An expanded role for the New Development Bank (NDB) – the BRICS bank – is still being discussed. The NDB may, for instance, grant loans denominated in BRICS gold – making it a global unit of account in trade and financial transactions. BRICS exporters will then have to sell their goods against BRICS gold, instead of US dollars, as much as importers from the collective west would have to be willing to pay in BRICS gold. That’s a long way away, to put it mildly. Frequent discussions with sherpas from Russia and also independent financial operators in the EU and the Persian Gulf always touch on the key problem: imbalances and weak nodes inside the BRICS, which will tend to serially proliferate with the imminent BRICS+ expansion.

Within BRICS, there’s a wealth of serious unsolved dossiers between China-India, while Brazil is squeezed between a list of imperial dictates and President Luiz Inacio Lula da Silva’s natural drive to fortify the Global South. Argentina has been all but forced by the usual suspects to “postpone” its admission request to join BRICS+. And then there’s the weak link by definition: South Africa. Squeezed between a rock and a hard place, the organizer of the most important summit in BRICS history opted for a humiliating compromise not exactly worthy of an independent Global South middle-ranked power.

South Africa decided not to receive Russian President Vladimir Putin and opted instead for the presence of Foreign Minister Sergey Lavrov – as Pretoria first suggested to Moscow. The other BRICS members validated the decision. The compromise means that Russia will be physically represented by Lavrov while Putin will participate in the whole process – and subsequent decisions – via videoconference. Translation: Putin tested Pretoria and exposed it to the whole Global South as a fragile node of the “jungle” – actually the Global Majority – easily threatened by the western “garden” gang and not a real independent foreign policy practitioner.

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“..an obvious and immediate distrust of that once neutral world reserve currency..”

The BRICS Won’t Kill the Dollar, US Policy Will (GS)

As made clear literally from Day 1 of the Western sanctions against Putin, the West may have been aiming for Putin’s (or the Ruble’s) chest, but it then shot itself in the foot. After decades of DC exporting USD inflation from Argentina to Moscow, a large swath of the developing countries of the world who owe greater than $14T in USD-denominated debt were already reeling under the pain of rate-hike gyrations which made their own debt and currency markets flip and flop like a dying fish on the dock. Needless to say, a 500-basis-point spike in the cost of that debt under Powell didn’t help. In fact, it did little good (or goodwill) for USD friends and enemies alike, from the gilt markets in London to the fruit markets in Santiago. Adding insult to injury, DC coupled this strong-Dollar policy with a now weaponized-Dollar policy in which a nuclear and economic power like Russia had its FX reserves frozen and access to SDRs and SWIFT transactions blocked. Like Napoleon at Moscow, this was going a step too far…

The net result was an obvious and immediate distrust of that once neutral world reserve currency, an outcome which economists like Robert Triffin warned our congress against in 1960, and even John Maynard Keyes warned the world against long before. Heck, even Obama warned against such weaponization of a reserve currency as recently as 2015. Thus, and as I (and many others) warned from Day 1 of the sanctions, the distrust for the USD unleashed by the sanctions in early 2022 was “a genie that can never go back in the bottle.” Or more simply stated, the trend toward de-dollarization was now going to come at greater speed and with greater force.

This force, of course, is now being seen, as well as debated, under the highly symbolic as well as substantive example of the BRICS+ nations seeking to usher in a gold-backed trade currency to move openly away from the USD, a move which some maintain will soon de-throne the USD as a world reserve currency and send its value immediately to the ocean floor. We know, for example, that Russian finance experts like Sergei Glasyev have real motives and sound reasons for planning a new (anti-Dollar) financial system which not only seeks a Eurasian Economic Union for cross boarder trade settlements backed by local currencies and commodities, but to which gold will likely be added as a “backer” to the same.

Glasyev has also made headlines with plans regarding the Moscow World Standard as a far more fair-playing and fair-priced gold exchange alternative to the Western LBMA exchange. If we take his gold backing plans seriously, we must also take seriously the plan to expand such gold-backed trade currency plans into the Shanghai Cooperation Organization which would make the final tally of BRICS+ nations “going gold” as high as 41 country codes. This could ostensibly mean greater than 50% of the world’s population and GDP would be trading in a gold-backed settlement currency outside of the USD, and that, well, matters to both the demand and strength of that Dollar…

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Napoleon centralized governments like no-one before. He gave most Europeans their family names.

From Napoléon to Macron: How France Learned To Love Big Brother (Pol.eu)

Last month, the French parliament approved a controversial government plan to allow investigators to track suspected criminals in real-time via access to their devices’ geolocation, camera and microphone. Paris also lobbied in Brussels to be allowed to spy on reporters in the name of national security. Helping France down the path of mass surveillance: a historically strong and centralized state; a powerful law enforcement community; political discourse increasingly focused on law and order; and the terrorist attacks of the 2010s. In the wake of President Emmanuel Macron’s agenda for so-called strategic autonomy, French defense and security giants, as well as innovative tech startups, have also gotten a boost to help them compete globally with American, Israeli and Chinese companies.

“Whenever there’s a security issue, the first reflex is surveillance and repression. There’s no attempt in either words or deeds to address it with a more social angle,” said Alouette, an activist at French digital rights NGO La Quadrature du Net who uses a pseudonym to protect her identity. As surveillance and security laws have piled up in recent decades, advocates have lined up on opposite sides. Supporters argue law enforcement and intelligence agencies need such powers to fight terrorism and crime. Algorithmic video surveillance would have prevented the 2016 Nice terror attack, claimed Sacha Houlié, a prominent lawmaker from Macron’s Renaissance party.

Opponents point to the laws’ effect on civil liberties and fear France is morphing into a dystopian society. In June, the watchdog in charge of monitoring intelligence services said in a harsh report that French legislation is not compliant with the European Court of Human Rights’ case law, especially when it comes to intelligence-sharing between French and foreign agencies. “We’re in a polarized debate with good guys and bad guys, where if you oppose mass surveillance, you’re on the bad guys’ side,” said Estelle Massé, Europe legislative manager and global data protection lead at digital rights NGO Access Now.

Both the 9/11 and the Paris 2015 terror attacks have accelerated mass surveillance in France, but the country’s tradition of snooping, monitoring and data collection dates way back — to Napoléon Bonaparte in the early 1800s. “Historically, France has been at the forefront of these issues, in terms of police files and records. During the First Empire, France’s highly centralized government was determined to square the entire territory,” said Olivier Aïm, a lecturer at Sorbonne Université Celsa who authored a book on surveillance theories. Before electronic devices, paper was the main tool of control because identification documents were used to monitor travels, he explained. The French emperor revived the Paris Police Prefecture — which exists to this day — and tasked law enforcement with new powers to keep political opponents in check.

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“..order, order, order.”

Macron Says France Needs Return To Authority ‘At Every Level’ After Unrest (G.)

Emmanuel Macron has said France needs a return to authority “at every level” after recent urban unrest over the police shooting of a teenager, suggesting that poor parenting was part of the reason teenagers had taken to the streets. The police killing of Nahel, a 17-year-old of Algerian background, during a traffic stop last month triggered protest marches and six nights of disorder as young men clashed with police and set alight public buildings and cars. Many accused the government of allowing a culture of institutional racism in the police to fester. The officer who fired at Nahel has been charged with voluntary homicide and jailed awaiting trial.

The French president used his first TV interview since the unrest to condemn what he called the “indescribable violence” of the clashes on the streets, including “the burning of schools, city halls, gyms and libraries” and “the violence of looting”. He said: “The lesson I draw from this is: order, order, order.” Macron did not refer to concerns on the left and from rights groups that the rioting reflected longstanding anger over racism and discrimination in law enforcement. He instead took a hard line on the need for more authority, law and order, saying, “Order must prevail. There is no freedom without order.”

Macron repeated his suggestion that poor parenting, particularly by single parents, had contributed to teenagers as young as 16 taking to the streets against police. He said of those arrested: “An overwhelming majority have a fragile family framework, either because they come from a single-parent family or their family is on child support benefits.” He said he would launch policies in the autumn to focus on parenting skills and supporting families. Macron also repeated his criticism over the role of social networks during the unrest and looting, saying: “We need to better protect our teenagers and young adults from screens.” He said certain content should be removed when it was a call to violence and that “public digital order” was needed “to stop excesses”.

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“The same team that tells us that we must ‘listen to the experts’ won’t listen to any experts they don’t like.”

“The thing about sceptical Nobel Prize winners is that they make the name-calling ‘climate denier’ programme look as stupid as it can get..”

Nobel Physics Laureate Speaks Out About “Corruption” of Climate Science (DS)

Earlier this month, the 2022 Nobel Physics Laureate Dr. John Clauser slammed the ‘climate emergency’ narrative as a “dangerous corruption of science that threatens the world’s economy and the well-being of billions of people”. Inevitably, the punishments have begun. A talk that Dr. Clauser was due to give to the International Monetary Fund on climate models has been abruptly cancelled, and the page announcing the event removed from the IMF site. Dr. Clauser was due to speak to the IMF’s Independent Evaluation Office this Thursday under the title: “Let’s talk – How much can we trust IPCC climate predictions?” It would appear that “not a lot” isn’t the politically correct answer. Clauser is a longstanding critic of climate models and criticised the award of the Physics Nobel in 2021 for work on them.

He is not alone, since many feel that climate models are primarily based on mathematics, and a history of failed opinionated climate predictions leave them undeserving of recognition at the highest level of pure science. Not that this opinion is shared by the green activist National Geographic magazine, which ran an article: “How climate models got so accurate they won a Nobel.” Last week, Clauser observed that misguided climate science has “metastasised into massive shock-journalistic pseudoscience”. This pseudoscience, he continued, has become a scapegoat for a wide variety of other related ills. It has been promoted and extended by similarly misguided business marketing agents, politicians, journalists, government agencies and environmentalists. “In my opinion, there is no real climate crisis,” he added.

Clauser is the latest Nobel physics laureate to dismiss the notion of a climate crisis. Professor Ivar Giaever, a fellow laureate, is the lead signatory of the World Climate Declaration that states there is no climate emergency. It further argues that climate models are “not remotely plausible as global policy tools”. The 1998 winner Professor Robert Laughlin has expressed the view that the climate is “beyond our power to control” and humanity cannot and should not do anything to respond to climate change. The Australian climate journalist Jo Nova was in fine form reporting on Clauser’s recent comments. “The thing about sceptical Nobel Prize winners is that they make the name-calling ‘climate denier’ programme look as stupid as it can get,” she observed.

She noted the lack of any mainstream media interest in Clauser’s recent comments, asking: “How much damage would it do to the cause if the audience finds out that one of the highest ranking scientists in the world disagrees with the mantra?” A question of course with an obvious answer. Quite a lot. The same team that tells us that we must ‘listen to the experts’ won’t listen to any experts they don’t like. They rave about ‘UN Experts’ that hide the decline, but run a mile to avoid the giants of science. They’ll ask high-school dropouts about climate change on prime-time TV before they interview Nobel Prize winners. It’s a lie by omission. It’s active deception. And the whole climate movement is built on it.

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“Borfarginbinder.”

Biden Blames White House Cocaine On Black Guy Who Lived There Before (BBee)

With the rumor mill still churning despite the Secret Service closing its investigation, President Joe Biden blamed the presence of cocaine in the West Wing of the White House on a black man who used to live there. “One of those suspicious colored fellas used to live here,” Biden said to reporters assembled on the White House lawn as he came outside for his morning recess time. “Black folks are always dealing drugs, which is why I pushed so hard to incarcerate them decades ago. Nobody listened. Now, one of them lived here for years. He was a bad dude. Borfarginbinder.” Ever since a white powder that later tested positive for cocaine was discovered in the White House, speculation has run rampant that it may have belonged to President Biden’s son, Hunter.


“People are trying to say it belonged to my son, but that’s an awful thing to say because my son passed away years ago,” Biden said. “It’s time for us to move on, just like the black fella who lived here before. He doesn’t live here anymore, he just calls me up every day and tells me what I need to do. Mint chocolate chip.” As Biden was being led away, he was heard muttering about the White House’s former tenants. “Whatever happened to that guy?” he asked. “And what about his wife — the tall, burly fella?” At publishing time, administration officials also confirmed that drugs found in Hunter Biden’s car and home also belonged to a previous black resident of the White House.

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Juan Passarelli’s half hour doc on Julian Assange

 

 

 

 

REMEDY

 

 

 

 

Beetle

 

 

Climate science

 

 

Feed birds

 

 

Jump

 

 

Nose
https://twitter.com/i/status/1683462823362408448

 

 

 

 

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

 

 

 

 

 

May 032023
 


Frida Kahlo Self portrait in a Velvet Dress 1926

 

The US Grip On The Middle East Slips, And Peace Breaks Out (Inlakesh)
What China Is Really Playing at in Ukraine (Pepe Escobar)
‘Bad Weather’ Delaying Counteroffensive – Ukraine (RT)
Why Ukraine’s Much-Anticipated ‘Counteroffensive’ Could End In Failure (RT)
‘Ukraine Will Not Stop Until It Liberates All Occupied Territories’ (Az.)
Russian Army Has Enough Ammo And Kiev’s Losses Mounting – Shoigu (TASS)
Kremlin Mocks & Dismisses White House’s High Russian Casualty Count (ZH)
Top US General Milley Predicts Ukraine Conflict Duration (RT)
German Media Shares Details Of NATO-Ukraine Talks (RT)
Half Of Europe’ Wants Better Ties With Russia – Polish Deputy PM (RT)
US Decided ‘Not To Notice’ That Kiev Hid Truth About Odessa Massacre (TASS)
Defeat of the Enemy Lies in His Own Hands (Crooke)
Poland Explains Plan For WWII Reparations From Russia (RT)
US Biden-Trump Generation Clings To An Outdated Political Reality (Lukyanov)
Judge Orders Hunter Biden to Provide Details on Income (ET)

 

 

 

 

Class action
https://twitter.com/i/status/1653301938346160129

 

 

 

 

America’s grandpa

 

 

 

 

 

 

“In March, Saudi Crown Prince Mohammed Bin Salman said that he didn’t care if the US President had misunderstood things about him, and later in April it was reported he also told advisors that pleasing the Americans is no longer a priority.”

The US Grip On The Middle East Slips, And Peace Breaks Out (Inlakesh)

As Washington’s influence in the Middle East declines, countries throughout the region are taking to compromise, rapprochement, and peace talks, inflicting a blow to the US narrative that seeks to depict its role as a stabilizer and democracy advocate. Under the leadership of US President Joe Biden, there has been a notable downgrade in the status of the West amongst various long-time Middle East allies. As the US-led West exerts the majority of its efforts on the war in Ukraine, its poor decision making in the Middle East has finally begun to catch up to it. The first major blow to Washington’s influence came in the form of a Chinese-mediated agreement to end a decades-long feud between major regional actors Iran and Saudi Arabia, one which led to the severing of ties in 2016. This has a number of implications for US power in the region.

The first being that this collapsed a strategy that the US was developing, to unite Saudi Arabia with the likes of Egypt, the UAE, Jordan, Bahrain, and Israel, against Iran and its allies in the region; the alliance was speculated to serve as a “Middle East NATO.” The second is that the Iran-Saudi rapprochement appears to have caused Riyadh to scrap its plans for normalizing ties with Israel at this time, something that the Biden administration clearly values as a foreign policy achievement. There is also the additional aspect of this being negotiated by Beijing without any regard for how it would reflect on the White House. Despite attempts in Washington to make the deal seem like something it approves of, and repeated remarks by Israeli Prime Minister Benjamin Netanyahu about how close normalization with Saudi Arabia is, it was clearly a blow and has major consequences to the US approach to the region. In March, Saudi Crown Prince Mohammed Bin Salman said that he didn’t care if the US President had misunderstood things about him, and later in April it was reported he also told advisors that pleasing the Americans is no longer a priority.

Immediately after the Saudi-Iran normalization, Riyadh entered into serious negotiations with Yemen’s Ansarallah (the Houthis), in order to end the war that has been raging between the two sides since 2015 and has claimed around 400,000 lives in the country. To make things worse for the US, Saudi Arabia’s foreign minister recently made a trip to Damascus to meet with Syrian President Bashar al-Assad. In addition to Riyadh’s moves and Tunisia re-establishing ties with Syria, it also appears as if Ankara may be on the cusp of rapprochement with Damascus and there is a push for Syria to be re-integrated into the Arab League, which clearly runs contrary to the US agenda. Then we have the fact that Qatar has announced it is restoring ties with the United Arab Emirates and Bahrain, which is not as significant as the above mentioned moves, yet adds to a list of peacemaking decisions taken without America.

On the level of optics, this makes it seem as if the common denominator is the absence of the US. On the other hand, Washington’s development of ties with the Kingdom of Morocco is egging on tensions with neighboring Algeria. Not only is the Biden administration adding fuel to the fire in the diplomatic feud between both sides, but is helping exacerbate military tensions in a Rabat-Algiers arms race. Earlier this April, the US approved a potential $524.2 million sale of HIMARS artillery rocket systems to Morocco. Furthermore, the top Middle East partner of the United States, Israel, has been severely weakened by an ongoing domestic political crisis over a proposed judicial overhaul by the Israeli government. Problems have also arisen with Israel’s approach to issues like maintaining the status quo at the al-Aqsa Mosque in Jerusalem, a holy site where neighboring Jordan maintains custodianship, and it has caused major rows between Amman and Tel Aviv in recent months. This presents another obstacle to the US, which is being forced to mediate between both sides to maintain calm.

Assad
https://twitter.com/i/status/1653310462002450433

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“..the NATO proxy war against Russia in Ukraine is the un-dissociable double of an American direct war against the Belt and Road Initiative (BRI)..”

What China Is Really Playing at in Ukraine (Pepe Escobar)

Imagine President Xi Jinping mustering undiluted Taoist patience to suffer through a phone call with that warmongering actor in a sweaty T-shirt in Kiev while attempting to teach him a few facts of life – complete with the promise of sending a high-level Chinese delegation to Ukraine to discuss “peace”. There’s way more than meets the discerning eye obscured by this spun-to-death diplomatic “victory” – at least from the point of view of NATOstan. The question is inevitable: what’s the point of this phone call? Very simple: just business. The Beijing leadership is fully aware the NATO proxy war against Russia in Ukraine is the un-dissociable double of an American direct war against the Belt and Road Initiative (BRI). Until recently, and since 2019, Beijing was the top trade partner for Kiev (14.4% of imports, 15.3% of exports).

China essentially exported machinery, equipment, cars and chemical products, importing food products, metals and also some machinery. Very few in the West know that Ukraine joined BRI way back in 2014, and a BRI trade and investment center was operating in Kiev since 2018. BRI projects include a 2017 drive to build the fourth line of the Kiev metro system as well as 4G installed by Huawei. Everything is stalled since 2022. Noble Agri, a subsidiary of COFCO (China National Cereals, Oils and Foodstuffs Corporation), invested in a sunflower seed processing complex in Mariupol and the recently built Mykolaiv grain port terminal. The next step will necessarily feature cooperation between Donbass authorities and the Chinese when it comes to rebuilding their assets that may have been damaged during the war.

Beijing also tried to become heavily involved in the Ukraine defense sector and even buy Motor Sich; that was blocked by Kiev. So what we have in Ukraine, from the Chinese point of view, is a trade/investment cocktail of BRI, railways, military supplies, 4G and construction jobs. And then, the key vector: neon. Roughly half of neon used in the production of semiconductors was supplied, until recently, by two Ukrainian companies; Ingas in Mariupol, and Cryoin, in Odessa. There’s no business going on since the start of the Special Military Operation (SMO). That directly affects the Chinese production of semiconductors. Bets can be made that the Hegemon is not exactly losing sleep over this predicament.

Ukraine does represent value for China as a BRI crossroads. The war is interrupting not only business but, in the bigger picture, one of the trade and connectivity corridors linking Western China to Eastern Europe. BRI conditions all key decisions in Beijing – as it is the overarching concept of Chinese foreign policy way into mid-century. And that explains Xi’s phone call, debunking any NATOstan nonsense on China finally paying attention to the warmongering actor.

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“God’s will, the weather, and a decision of commanders.”

‘Bad Weather’ Delaying Counteroffensive – Ukraine (RT)

Ukraine is holding off on its long-touted counteroffensive against Russia because it currently cannot use Western-provided armor due to bad weather, Kiev’s ambassador to the UK has claimed. “Obviously, the weather is not allowing so far the heavy tanks to move in the Ukrainian usual spring mud,” Vadim Pristayko told Sky News on Tuesday. The comments mirrored those made last week by Defense Minister Aleksey Reznikov, who stated that Ukrainian forces were broadly ready for a push against Russia but needed “God’s will, the weather, and a decision of commanders.” The US and its allies have sent dozens of main battle tanks and hundreds of armored vehicles to Ukraine to bolster the expected counteroffensive.

While Western officials have argued that Kiev has all it needs for a successful operation, behind closed doors the American military has reportedly expressed doubts about Ukraine’s ability to break through Russian defensive lines. Multiple Western media reports have suggested that the counteroffensive could be a make-or-break moment for the conflict, and that Kiev may find it difficult to secure further packages of military assistance unless it gains significant ground. Senior Ukrainian officials have criticized that notion, urging continued support regardless of the outcome. Pristayko told Sky that Ukraine is targeting “a breakthrough offensive,” but at the same time cautioned that “too much hope is put on this one.”

The envoy accused Moscow of exaggerating its own military capabilities, citing the latest missile strikes against Ukrainian targets as an example. Russians “are blowing it out of proportion reporting hundreds of rockets. In reality there were just dozens of them sent our way,” he insisted. The claim that up to 100 missiles were launched in a recent attack by Russia appears to have originated from Ukrainian official Sergey Shakhet, police chief in Nikolaev Region. He shared the figure on social media on Monday, with Ukrainian media later disseminating it. The Russian Defense Ministry did not mention the number of weapons used in its own report on the strikes.

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“..As soon as Ukraine’s previously hidden equipment was moved closer to the front line, it became easier to destroy..”

Why Ukraine’s Much-Anticipated ‘Counteroffensive’ Could End In Failure (RT)

Talk about a counteroffensive by the Armed Forces of Ukraine (AFU) has been doing the rounds for months, but it is still not clear when it might begin or whether it will happen at all. Previously, RT analyzed the readiness of the AFU for such an operation, but this time we will discuss the main challenges that may prevent Kiev’s troops from implementing or developing its political leaderships aims. And, perhaps most importantly, those of its Western sponsors. What is the AFU’s main challenge in mounting this sort of endeavor? We currently do not have any idea of where the AFU’s counteroffensive could take place, although Russian military bosses will be well aware of troop movements. If it involves an attempt to breakthrough the front line, then in addition to preparing reserves for battle, the AFU will need high-precision weapons.

Ukrainian troops will have to use long-range artillery rocket systems, including the US-supplied M142 HIMARS MLRS. Since the start of Moscow’s offensive, Kiev has used these systems only from deep within its own territory. However, to achieve momentum and penetrate the defense line, the systems will have to be moved closer to the front. The current number of HIMARS rocket launchers (about 35 units) may not be enough for a counteroffensive along the entire front line, which stretches for 1,000km. The systems will probably be concentrated in just one or two directions, but this makes them easier to detect and destroy. Moreover, Ukraine only has a finite supply of missiles for most of its Western weapons systems, like the HIMARS, which means the manner in which they can be used is limited. These systems have never been tested in high-intensity conflicts.

There is currently no doctrine or tested recommendations on using HIMARS/M270 MLRS in combined arms warfare or in such a large-scale war against a technologically advanced enemy. Considering the risk of detection in areas with concentrated equipment, and Ukraine’s fear of losing reserves, as we see happening in Artemovsk (Bakhmut), the AFU will likely prepare its most important military formations from 12 to 36 hours before the main strike. In the present conditions, it is nearly impossible to amass enough fuel and ammunition. Not to mention the difficulties in trying to position people secretly. Russia has already used Lancet drones to hit German Gepard anti-aircraft guns and Soviet S-300 missile systems close to the front line. As soon as Ukraine’s previously hidden equipment was moved closer to the front line, it became easier to destroy.

This demonstrates that the routes used for transporting Ukrainian military equipment and the places where it is positioned are under Russian surveillance. If the AFU loses significant amounts of fuel – or transport equipment or engineering units – in the first two or three days, it will have to adjust the counteroffensive’s strategy on the go or implement a backup plan (if it has one). Moreover, Ukraine has no means of transferring reserves by air or conducting amphibious warfare. Its supply and logistics fully depend on roads and railways. In such conditions, the destruction of a bridge or a train line on an important supply route may lead to a disaster at the front.

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“I am confident that our partners will make the necessary decisions and we will receive the F16.”

‘Ukraine Will Not Stop Until It Liberates All Occupied Territories’ (Az.)

Ukraine will not stop until it liberates all the temporarily occupied territories, and is currently preparing for counteroffensive operations, Head of the Presidential Office of Ukraine, Andriy Yermak, said during a conversation with journalists of the Dutch national TV channel NOS and the NRC newspaper, Report informs. He said that partner countries should continue and strengthen their support to Ukraine. Andriy Yermak said that the troops of the Russian Federation continue to launch missile attacks on civilian infrastructure and civilians in Ukrainian cities, and this has been going on for more than 14 months. “They want to destroy Ukrainians, the Ukrainian nation. But our people, our military are heroic and brave, and we continue not only to defend our land, but also to liberate the temporarily occupied Ukrainian territories,” he said.


The Head of the President’s Office noted that Ukraine is currently preparing for counteroffensive operations and therefore needs more and more weapons. He noted that Ukraine needs long-range missiles and modern aircraft to liberate the temporarily occupied territories: “Everything changes, and Ukraine has changed many things. I am confident that our partners will make the necessary decisions and we will receive the F16.” “The people of Ukraine have made a decision – we want to be in NATO. Now about 80% of our population supports this move,” he added. According to Andriy Yermak, the decision on Ukraine’s accession to NATO is the best way to speed up the end of the war and guarantee peace in Europe.

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“Russia’s Tactical Missiles Corporation that rolls out missile systems, anti-ship, anti-radar and other missiles, has launched the mass production of new weapons..”

Russian Army Has Enough Ammo And Kiev’s Losses Mounting – Shoigu (TASS)

Russian forces have already received sufficient ammunition for effectively inflicting damage on the enemy by firepower and the domestic defense industry generally meets the requirements of the Army and the Navy, Defense Minister Sergey Shoigu told a conference call with military commanders on Tuesday. In April, Kiev lost over 15,000 troops and 430 armored vehicles in battles. Therefore, the Kiev regime’s manpower losses increased by a third compared to February (the Russian Defense Ministry did not report about the Kiev regime’s military personnel losses in March). TASS has put together the highlights of the Russian defense minister’s speech.

“The Russian Armed Forces are conducting active operations along the entire engagement line. Despite the unprecedented military assistance from Western countries, the enemy is sustaining heavy losses.” According to the data of the Russian Defense Ministry, in the past month alone, the Kiev regime lost over 15,000 troops, eight combat aircraft and 277 unmanned aerial vehicles, 430 tanks and other armored combat vehicles, 18 multiple rocket launchers and 225 artillery guns and mortars. As the data indicate, Ukraine’s manpower losses proved to be higher in April than in February while equipment losses exceeded the January figures (the latest information publicly reported by the Russian Defense Ministry), although Ukraine lost more aircraft at that time.

“As a whole, the defense industry meets the requirements of the Army and the Navy.” Compared to early 2022, the amount of purchased basic armaments grew by 170% and “especially needed weapons” by seven times, the defense chief said. “This year, a sufficient amount of ammunition has been delivered to the Armed Forces for inflicting effective damage on the enemy by firepower.” In addition, Russian military specialists have achieved successes in recovering damaged or broken military hardware and preventing equipment breakdowns, the defense minister said. “Presently, the daily amount of repaired armaments exceeds the amount of broken equipment in the proportion of three to two. Thanks to organizational measures taken, the amount of unfit equipment subject to repairs has dwindled by 1.5 times,” he said.

Russia’s Tactical Missiles Corporation that rolls out missile systems, anti-ship, anti-radar and other missiles, has launched the mass production of new weapons. “With regard to some latest weapon systems, the corporation has switched over to serial production, having finished all the R&D stages within the shortest time possible,” Shoigu said. As a whole, “the enterprise fulfils the defense procurement plan within the established timeframe” but today it is necessary to “double the production of precision weapons within the shortest time possible.”

https://twitter.com/i/status/1653349439082209280

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Remember: Ukraine losses are 7-8x higher than Russia’s.

Kremlin Mocks & Dismisses White House’s High Russian Casualty Count (ZH)

The Kremlin has reacted to a Monday briefing by National Security Council spokesman John Kirby wherein he issued a surprisingly high estimate of Russian casualties which he said took place since December in the contested Donetsk city of Bakhmut. He said Russian forces have suffered over 100,000 total casualties – including about 20,000 soldiers killed in combat and another 80,000 wounded. In response, Dmitry Peskov mocked and dismissed these figures on Tuesday, saying the White House is pulling the numbers out of a hat, and further stressed the US cannot possibly know any of this. “Pulling out figures out of a hat, Washington does not have the opportunity to give any correct figures, they do not have such data, this is how it should be treated” Peskov said, as cited in national media. “It is necessary to focus only on those figures that are published in a timely manner by the Russian Defense Ministry,” he added.

Interestingly, when in the Monday press briefing Kirby was asked the NSC spokesman refused to give casualty numbers for the Ukrainian side. “I’m not ever going to put anything out in the public domain that’s going to make their job harder,” Kirby said. “They are the victims here. Russia is the aggressor.” As we explained previously, while very clearly Bakhmut has for months been in truth a “meat-grinder” for both sides, the US is likely offering this staggering and large Russian casualty count of 100,000 in order to establish a ‘pyrrhic victory’ narrative. Kirby admitted the Russians are winning in Bakhmut, but wants to paint a picture of it losing the overall conflict given the massive cost and sacrifice for Bakhmut. The independent geopolitical analysis site Moon of Alabama wrote days ago:

“Bakhmut/Aryomovsk is to 90% under Russian control and the rest will be captured during the next few days. Ukrainian losses in the city must have been huge. The Ukrainian troops who try to escape from the city immediately come under artillery fire. The latest daily Russian clobber report counts 575 ‘enemy losses’ in Bakhmut over the last 24 hours for a total of 815 along the whole frontline. This is the largest number reported over the last two months.” Meanwhile, a Tuesday briefing by Russia’s defense chief has painted a grim picture for the Ukrainian side. According to his words: “Russian forces have already received sufficient ammunition for effectively inflicting damage on the enemy by firepower and the domestic defense industry generally meets the requirements of the Army and the Navy, Defense Minister Sergey Shoigu told a conference call with military commanders on Tuesday.”

“In April, Kiev lost over 15,000 troops and 430 armored vehicles in battles,” he said as cited in TASS. “Therefore, the Kiev regime’s manpower losses increased by a third compared to February (the Russian Defense Ministry did not report about the Kiev regime’s military personnel losses in March),” the state publication said.

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“..he argued that “rational folks” in Moscow would be convinced “over either months or a year or two” to negotiate, “because they’re not going to win.”

Top US General Milley Predicts Ukraine Conflict Duration (RT)

The US has helped train and equip the Ukrainian military for the upcoming operations, whether offensive or defensive, but the fighting is unlikely to produce a clear winner in 2023, General Mark Milley, the chairman of the Joint Chiefs of Staff, has told the outlet Foreign Affairs on a podcast that aired on Tuesday. Asked what he expected of the much-heralded Ukrainian counteroffensive, Milley told Foreign Affairs that the US and its European NATO partners have helped Ukraine train and equip “about nine brigades worth of combined arms, armor, and mech[anized] infantry type forces” over the past several months, as well as some light infantry. Kiev’s forces “right now have the capability to attack, they can conduct offensive operations, and they also have the capability to defend, significantly enhanced from what they were just a year ago for conventional operations,” he said.

“They’ve got a significant amount of planning and coordination and all of that to do, if they were to do an offensive operation.” According to Milley, if the Ukrainians do launch an offensive, anything is possible, from collapsing the Russian front entirely to no success at all. “I do think, though, that the probability of either side achieving their political objectives – war is about politics through the sole use of military means – I think that’s going to be very difficult, very challenging. And frankly, I don’t think the probability of that is likely in this year.” Milley claimed the Russian military had suffered 250,000 casualties and that the army, society and economy have all been severely impacted by the conflict. He would not speculate about Ukrainian casualties. The Kremlin has laughed off US estimates of Russian deaths as fabricated “out of nowhere.”

The US general stuck by those claims, however, and also asserted that Russia had “failed” to achieve any of its objectives in Ukraine. Based on that, he argued that “rational folks” in Moscow would be convinced “over either months or a year or two” to negotiate, “because they’re not going to win.” Congressman Michael McCaul, who chairs the House Foreign Affairs Committee, said on Monday that the offensive needed to present a success so the West could keep funding Kiev, “after which we can then maybe have negotiations, to finally resolve this.” The bulk of the podcast was devoted to China, with Milley arguing that the US “should do what it can to make sure” that Russia and China don’t set up a strategic military alliance. He dismissed the present level of military ties between Moscow and Beijing as “very, very modest.” Milley also maintained that both Russia and China were aware of the US military might and did not wish a direct confrontation with Washington.

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“..it’s known that France, Germany, and countries in Western Europe, in general, have always been against Ukraine joining either the EU or NATO.”

German Media Shares Details Of NATO-Ukraine Talks (RT)

Washington and Berlin aren’t ready to make any promises to Kiev regarding Ukraine’s future NATO membership, German news agency dpa has reported. Ukraine’s hopes of joining the US-led military bloc anytime soon are likely to be shattered, the agency claimed on Tuesday. According to dpa’s information, the bloc’s key players such as the US and Germany recently made it clear to Kiev behind closed doors that they currently don’t want to make any further commitments on the issue, beyond the vague NATO declaration of 2008. Back then, the leaders of the NATO member-states said that Ukraine and another former Soviet republic, Georgia, should join the bloc, but didn’t provide any timetable for the accession of either.

During his visit to Kiev last month, NATO Secretary General Jens Stoltenberg reiterated that “Ukraine’s rightful place is in NATO.” He also projected that “over time, our support will help to make this possible,” but refrained from saying when exactly Ukraine’s NATO membership is going to happen. However, a few days later, German Defense Minister Boris Pistorius suggested that “this is not the time to decide” about Ukraine’s place in NATO. The bloc’s members should consider this issue “with a cool head and a hot heart. Not the other way around,” Pistorius said. The German minister’s comments have angered Polish Deputy Foreign Minister Piotr Wawrzyk, who claimed that “it’s known that France, Germany, and countries in Western Europe, in general, have always been against Ukraine joining either the EU or NATO.”

Earlier this week Gitanas Nauseda, the president of another NATO member-state, Lithuania, said that it “would be too difficult” to make Ukraine a member of the bloc as long as the conflict with Russia continues. The Kiev government is also well aware of this, he added. Ukrainian President Vladimir Zelensky’s top adviser, Mikhail Podoliak, has recently reiterated Kiev’s desire to join the alliance, claiming that it would be impossible to restore security in Europe without “the country’s full membership in NATO.” Moscow, which sees NATO’s eastward expansion as a major security threat, had singled out Ukraine’s push to join the bloc among the main reasons for launching its military operation against Kiev more than a year ago.

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“..lamented the fact that there is still a “threat” that relations between Russia and EU countries could return to the way they were before the current rift..”

Half Of Europe’ Wants Better Ties With Russia – Polish Deputy PM (RT)

Polish Deputy Prime Minister Piotr Glinski has lamented the fact that there is still a “threat” that relations between Russia and EU countries could return to the way they were before the current rift. He blasted opposition parties in Poland, as well as “half of Europe,” for harboring hopes of improving ties with Moscow.= Speaking to the Kurier Lubelski news outlet, Glinski was asked if he believed that Warsaw was “in danger” of returning to “naive” politics when, for example, Russian Foreign Minister Sergey Lavrov was invited to meet with Polish ambassadors in Warsaw in 2010 in an effort to improve bilateral relations. “Unfortunately, the threat of a return to these relationships still exists,” he replied.

Glinski claimed that the government’s “political rivals” as well as their voters are “hostage to interest groups that only think about ending the war in Ukraine as soon as possible and continue to be a client of Russia and do business with it,” adding that “half of Europe is like that, waiting for it.” The deputy prime minister’s comments come as Polish Secretary of State Marcin Przydacz also told the Financial Times on Tuesday that Warsaw plans to demand World War II reparations from Russia, just as it has done from Germany, from which it is requesting some €1.3 trillion ($1.43 trillion). “We treat Berlin and Moscow in a different-civilization way,” Przydacz told the outlet, noting that once there is “success” in squeezing cash out of Germany, the next step would be to “launch such a discussion with the other oppressor.”

Brussels, meanwhile, has accused Poland of sliding towards authoritarianism under its current leadership, while Jana Puglierin, the head of the Berlin office of the European Council on Foreign Relations, suggested that the right-wing PiS party is prioritizing electoral success rather than focusing on establishing constructive relationships. Moscow has responded to the recent comments from Warsaw by stating that “nothing good” can be expected in Russian-Polish relations in the near future. Kremlin spokesperson Dmitry Peskov noted on Tuesday that “Russophobia,” which has “gripped” the minds of Polish authorities “absolutely deprives them of sobriety in their approach to everything related to Russia” and prevents them from taking “intelligible or thoughtful steps.”

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“Illusions disappeared, the country by leaps and bounds began to turn into a copy of the Nazi Reich..”

US Decided ‘Not To Notice’ That Kiev Hid Truth About Odessa Massacre (TASS)

The US preferred to “not notice” that Kiev destroyed evidence and hid the truth about the tragedy in the Odessa House of Trade Unions that took place on May 2, 2014, the Russian embassy in Washington said in a statement on Tuesday. The embassy stated that “May 2 marks the nine-year anniversary since the date of the tragic events in Odessa.” “On this day in 2014, a brutal crowd of Ukrainian fanatics committed a merciless murder of several dozen civilians. Like Nazi castigators, these extremists drove defenseless people, among them – women and elderly, into the House of Trade Unions with sticks and steel bars, and then set it on fire with Molotov cocktails. At least 48 people were burned to death, poisoned by carbon monoxide or died after jumping out of windows. Hundreds were seriously injured. Their only ‘fault’ was their disagreement with the aggressive policies of the neo-Nazis who came to power and their desire to remain Russian,” the statement said.


“Contrary to the promises by the Kiev regime to investigate this barbaric crime and punish those responsible, the authorities did everything to hide the truth and destroy the evidence, to allow organizers and effecters to avoid justice. In the United States, they decided not to notice this. And the local so-called human rights activists, in fact, covered up the Odessa executioners and tormentors all these years,” the statement said. “The Odessa tragedy will forever remain one of the most shameful pages in the history of Ukraine. Supporters of the Kiev junta applauded the brutal massacre, glorifying the unbridled radicals as ‘patriots.’ Under the influence of a nationalist frenzy, human life in the country has completely lost its value.”

“It is clear now that the bloody massacre in Odessa is a point of no return. Illusions disappeared, the country by leaps and bounds began to turn into a copy of the Nazi Reich. Bandera’s heirs launched a punitive military operation against the inhabitants of Donbass, with crimes against the civilian population committed en masse. Terror against dissidents, censorship and discrimination has become the basis of state policy on the territory controlled by Kiev,” the Russian diplomats said. “The progressive disease of the Ukrainian state demanded a tough rebuff. A special military operation is aimed at its denazification and demilitarization. It is a guarantee that tragedies like the one in Odessa will never happen again,” the statement said.


Radicals from the Right Sector (banned in Russia) and the Maidan uprising’s so-called self-defense force attacked a tent camp on the Kulikovo Field in Odessa on May 2, 2014, where residents were collecting signatures for a referendum on the federalization of Ukraine and giving the Russian language status as an official language. Supporters of federalization took refuge in the House of Trade Unions, but the radicals surrounded the building and set it on fire. According to official data from the Ukrainian Interior Ministry, 48 people were killed, and more than 240 were injured in those events. The government pinned the blame for the riots solely on the opponents of the uprising. However, the investigation, which lasted several years, could not prove their guilt in court. As a result, all those who were initially detained in the case were later acquitted.

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‘Securing Ourselves Is in Our Hands; and Defeat of the Enemy Lies in His Own Hands’

(Sun Tzu, d. 496 BCE)

Defeat of the Enemy Lies in His Own Hands (Crooke)

Whilst the structural shift to a multipolar world is now well understood in geo-political terms, its other dimensions are little noticed. The media focus is so much centred on the military situation in Ukraine that it is easily overlooked that President Putin has also been fighting a financial war – a war on liberal economic theory; and a diplomatic war for the support of the non-West and from key strategic allies, China and India. On top of that, Putin has to manage the psyche inside Russia. His objective is to restore patriotism and a Russian national culture reconnected to its roots in Orthodox Christianity. To achieve this, he needs to let it evolve in a civil context – To allow the military aspect to become all-encompassing would be to skew the Russian consciousness in a very particular way.

President Putin has spoken on several occasions of the need for ‘civil Russia’ to have the oxygen to evolve in its own way – by re-appropriating its past cultural legacy in new form – and for that process not to be wholly subsumed into military needs and ethos. So, the project is, in fact, wholly multi-faceted – although undoubtedly, the struggle to restore respect for sovereignty and for autonomy in internal affairs represents the project ‘key stone’. Yet, a significant part to re-appropriating sovereignty requires the shift of Russia’s economic structure out from the grip of the ‘Anglo’ neo-liberal model, to one that provides for greater national self-sufficiency. Hence, the simple questioning of the philosophical underpinnings to the ‘Anglo’ system of politics and economics – which underlie the Rules Order – is as important, in its own way, as the Ukrainian battlefield.

Like any system, the World Order rests on philosophical principles believed to be universal, but which, in truth, are specific to a particular moment in European history. Today, the West is not ‘what it was’. It is a fractured ideological battlespace. The Rest of World is not ‘what it was’. And today’s ideological western writhings are no longer viewed as being of primary concern to the World. The point here, however, is about a project designed to bring change to that which has not changed. It is as much a war for global psyche as of attrition on the battlefront (though that, too, is a vital component in shifting the global zeitgeist). If a multi-polar order is to be built based on self-sufficient sovereignty, others should exit the neo-liberal economic system too (if they can). Hence the need for a major diplomatic initiative by Russia and China to build a strategic depth for a new economics.

Where Putin and Xi Jinping come together … is their shared appreciation of China’s astonishing sprint to the ranks of an economic superpower. In Putin’s words, China “managed in the best possible way, in my opinion, to use the levers of central administration (for) the development of a market economy … The Soviet Union did nothing like this, and the results of an ineffective economic policy impacted the political sphere”. Washington and Brussels clearly doesn’t ‘get it’. And Yellen’s speech is the prime ‘exhibit’ of this analytic failure: The West had understood the Soviet implosion and to the financial mayhem of the Yeltsin years in precisely the opposite way to Xi’s analysis, and to Putin’s concurrence with Xi’s harsh verdict. Plainly put, Xi and Putin’s assessment is that the Russian disaster was the result of the turn to western liberalism, whereas Yellen clearly sees China’s ‘error’ – for which she chides it – is in the move away from the ‘liberal’ world system.

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Hard to believe. 26 million dead AND pay war reparations?

Poland Explains Plan For WWII Reparations From Russia (RT)

Poland could demand World War II reparations from Russia but only if it persuades Germany to pay a similar bill first, a senior official in Warsaw has said. Berlin has thus far rejected a €1.3 trillion ($1.43 trillion) claim from Poland over the Nazi occupation, arguing that the issue has long been settled. “We treat Berlin and Moscow in a different-civilization way,” Polish Secretary of State Marcin Przydacz told the Financial Times in an article published on Tuesday. “Once there will be a success with Germany, the next step could be to launch such a discussion with the other oppressor.” Demanding reparations has become a key aspect of Polish foreign policy under the ruling right-wing Law and Justice party (PiS). Berlin has said it accepts moral responsibility for Nazi crimes and continues to make direct payments to Holocaust survivors in Poland, but argues that other financial claims were settled in the 1950s.

Warsaw has insisted that it was short-changed due to the USSR’s desire to move on from the conflict. Warsaw sent a formal note to Berlin with reparation demands last October. Polish President Andrzej Duda said at the time that he did not see any reason why his country should not do the same with Russia. Warsaw is locked in a broader dispute with Berlin over what it perceives to be outsized German influence on EU affairs. Jaroslaw Kaczynski, head of PiS, claimed in 2021 that Berlin was morphing the EU into a “Fourth Reich.” Brussels, meanwhile, has accused Poland of a slide towards authoritarianism under its current leadership, and further angered Warsaw by initially declining to approve Covid-19 funding from the bloc.

Jana Puglierin, head of the Berlin office of the European Council on Foreign Relations, told the FT that PiS appeared to prioritize electoral success rather than “having a constructive relationship [with Germany].” “Overall in terms of trust I feel the German-Polish relationship is at its lowest level since 1989 and the fall of the Berlin Wall,” Michal Baranowski, director of the German Marshall Fund’s office in Warsaw, said of the situation. The FT noted that despite any political tensions, Germany has opted to deploy long-range anti-aircraft systems in Poland amid the conflict in Ukraine. Warsaw has accused Berlin of not doing enough to support Kiev and previously criticized Germany for buying cheap Russian gas. Experts told the newspaper that economic interconnection could alleviate the political standoff between Warsaw and Berlin.

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“Trump may seem to be outside the club, with his “America First” discourse challenging the globalist aspirations of the American ruling class. But his place in history is not in doubt, for he too has not challenged US hegemony..”

US Biden-Trump Generation Clings To An Outdated Political Reality (Lukyanov)

Joe Biden has decided to continue fighting the battle for America’s soul and has announced his intention to run for a second term as President. If he is successful, he will be 82 years old on Inauguration Day, overtaking himself in the rankings of the oldest US leaders to take office. By the end of his presidency, if all goes well, Biden would be 86. Age is no longer a burden in the modern world, and practices and techniques encouraging active longevity are widespread and effective. Former Malaysian Prime Minister Mahathir Mohamad will be 98 in two months, and like a lion he continues to fight for the rights of the opposition against his former associates. Henry Kissinger will celebrate his centenary in a month’s time, but his judgments are often retold and treated as important observations.

By comparison to these figures, Biden is still in his prime. Angry tongues, however, say that the problem is not his age, but the cognitive state of the president, who often greets the void, hears voices and forgets where he is. But let’s face it, Biden’s political line is pretty consistent and logical. And it is not a consequence of dementia, but of a certain ideological and strategic approach. How right it is and what it will lead to is another question, but it is being pursued consciously and not under the influence of apparitions. In any case, there is a good chance of a rematch in 2024. Donald Trump, who is currently in the lead for the Republican nomination, would face an opponent he lost to in 2020. Even if he has never fully acknowledged the defeat. Trump will be 77 on Election Day. The former president is noticeably more active and mentally sharper than his potential rival and appears to still be in possession of all his powers. However, Biden also looked very different, just a few years ago, but eventually broke down.

The elections are still a year and a half away, which in the current circumstances is a very long time, not just for the patriarchs themselves, but for everyone else too. A lot can change suddenly. But if these two candidates make it to the final stage, what form will the eventual long generational transition take? We would venture to guess that behind the political longevity of this age cohort which, excluding Obama, under whom Biden played the role of ‘uncle’, has been running the United States since the early 1990s is a fixed agenda. And this, strangely enough, is international, despite the fact that foreign policy issues play little role in real American politics. The first member of the Trump-Biden generation to hold high office was Bill Clinton, and he was given the opportunity to implement a unipolar, US-centric world order. This framework has remained in place ever since.

Although the structure and state of the international system have changed qualitatively, the consciousness of the American establishment – which aims to preserve and strengthen the old system – has not budged. Trump may seem to be outside the club, with his “America First” discourse challenging the globalist aspirations of the American ruling class. But his place in history is not in doubt, for he too has not challenged US hegemony. The Republican differs from his predecessors or from Biden in that he openly wants to make his country’s central role a profitable affair, discarding conventionality. Nevertheless, by no means would he give it up. American world dominance is now under intense pressure. It is not only the emergence of rivals challenging the hegemon. These shifts are very different, but they have in common a rejection of claims to leadership, especially American dominance. In other words, a global “material resistance” effect has emerged.

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“..If the press comes up with those things, I can’t control that. I can’t gag the world..”

Judge Orders Hunter Biden to Provide Details on Income (ET)

President Joe Biden’s son Hunter Biden may have paid the mother of his 4-year-old daughter up to $750,000 in child support since March 2020, said one of his attorneys at a hearing. Hunter Biden appeared in Independence County Circuit Court in Batesville, Arkansas, on May 1 as ordered by the judge overseeing the child support dispute between the president’s 53-year-old son and Lunden Roberts. Roberts is the Arkansas woman who, according to court filings, had a relationship with Hunter and gave birth to a baby girl in August 2018. She sued for support in 2019. At first Hunter Biden denied that the child was his, but a DNA test confirmed he is the father. On March 12, 2020, he and Roberts agreed to an undisclosed amount in monthly child support to begin on April 1, 2020.

Terms of the agreement are sealed because they contain sensitive personal information, including the amount of monthly support and each party’s source of income. Hunter Biden asked the court to review the child support arrangement the following September because his financial status had changed. During a discussion of the discovery process, Hunter Biden’s attorney, Abbe David Lowell, said his client has been paying $20,000 monthly, more than $700,000 since the support order was signed. Judge Holly Meyer clarified during the May 1 hearing that any information discussed in open court was a matter of public record. Lowell’s remarks came after he and attorney Brent Langdon of Dallas, Texas, complained that news outlets had published information from sealed court files.

He said news reports referenced tax files, information on Hunter Biden’s cars, and other things that had been redacted. “How is it that things that are redacted in the file are released to the Daily Mail? There are matters that are being redacted that are getting out to the daily news,” Langdon said. Meyer said that, without proof someone was illegally releasing information, there was little she could do. Journalists and the public often speculate on matters and may come close to guessing what is in a sealed file, she added. “If the press comes up with those things, I can’t control that. I can’t gag the world,” Meyer said. The judge ordered Hunter Biden to provide information on his income from his artwork, investments, employment, gifts from friends, and other sources. She also ordered Roberts to provide information on the value of her property and income while working with her father’s business.

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Origami
https://twitter.com/i/status/1653388335807594497

 

 

 

 

 

 

 

 

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Mar 202023
 
 March 20, 2023  Posted by at 5:40 pm Finance Tagged with: , , , , , , , ,  5 Responses »


Jacob Lawrence Struggle: From the History of the American People, Panel 10 1954

Andrew Korybko:

The impending trifurcation of International Relations will result in the formation of three de facto New Cold War blocs: The US-led West’s Golden Billion, the Sino-Russo Entente, and the informally Indianled Global South. Intrepid readers can review the preceding hyperlinked analysis to learn more about the grand strategic dynamics behind this latest phase of the global systemic transition, while the present one will elaborate on those connected to the Russian-Chinese Strategic Partnership in particular.

These two Eurasian Great Powers had already closely aligned their foreign and economic policies far before Russia was forced to commence its special operation in Ukraine last year after NATO clandestinely crossed its red lines there and refused to diplomatically resolve their security dilemma. This was due to their shared multipolar vision, which in turn resulted in Moscow synchronizing its Greater Eurasian Partnership (GEP) with Beijing’s Belt & Road Initiative (BRI).

The purpose behind doing so was to supercharge multipolar processes across the supercontinent with a view towards making International Relations more democratic, equal, just, and predictable a lot sooner than even the most optimistic observers could have expected. None of this was driven by anti-Western animosity either since both of them envisaged the EU and US playing pragmatic roles in this emerging world order, which is proven by their proactive engagement of each over the years.

Russia expected that it could diplomatically resolve its security dilemma with the US over NATO’s expansion simultaneously with encouraging it and the EU to get Kiev to implement the Minsk Accords, thus ending the then-Ukrainian Civil War and optimizing trans-Eurasian trade. Meanwhile, many EU countries joined BRI and China even clinched an investment pact with the bloc, all while seeking to diplomatically resolve its own security dilemma with the US and work out a new trade deal with it.

Had the US formulated its grand strategy with mutually beneficial economically driven outcomes in mind instead of remaining under the influence of Brzezinski’s zero-sum divide-and-rule teachings, then everything could have been much different. That declining unipolar hegemon could have responsibly carved out a comfortable niche in the new era of globalization that Russia and China were jointly seeking to pioneer, thus ensuring that the global systemic transition smoothly moved towards multipolarity.

Regrettably, liberalglobalist members of the US’ military, intelligence, and diplomatic bureaucracies (“deep state”) continued to believe that Brzezinski’s geostrategic schemes could successfully reverse the aforesaid transition and thus indefinitely retain their country’s dominant position in International Relations. This explains why they subsequently sought to “contain” Russia and China at the same time by worsening regional disputes instead of reciprocating those two’s efforts to peacefully resolve them.

The decision was eventually made to prioritize Russia’s “containment” over China’s with the expectation that the first would either strategically capitulate to NATO’s blackmail campaign or quickly collapse due to sanctions if it resorted to military force for defending its red lines in Ukraine, thus making China’s successful “containment” a fait accompli in that scenario and therefore preserving the US’ hegemony. Where everything went wrong was that the West never prepared for a protracted conflict in Ukraine.

Russia proved much more resilient in all respects than the Golden Billion expected, ergo why they’re panicking that the over $100 billion that they’ve already given to their proxies in Kiev isn’t anywhere near enough for defeating that Eurasian Great Power. The New York Times admitted last month that the sanctions failed just like their “isolation” campaign did, while the NATO chief recently declared a “race of logistics” and the Washington Post finally told the truth about just how poorly Kiev’s forces are faring.

Amidst the past year of international proxy hostilities that the West itself provoked, the globalized system upon which China’s grand strategy depended was unprecedentedly destabilized by their unilateral sanctions regime that’s responsible for the food and fuel crises across the Global South. This influenced President Xi to seriously consider a “New Détente” with the US, which he initiated during last November’s G20 Summit in Bali after he met with Biden and a bunch of other Western leaders.

To be absolutely clear, this well-intended effort wasn’t meant to reverse any of the multipolar progress that China was responsible for over the past decade but purely to pursue a series of mutual compromises aimed at establishing a “new normal” in their ties so as to restore stability to globalization. In other words, it was about buying time for the world’s top two economies to recalibrate their grand strategies, ideally in the direction of working more closely together for everyone’s sake.

Their talks unexpectedly ended in early February, however, after the black swan event that’s known as the balloon incident. This saw anti-Chinese hardliners in the US suddenly ascend to policymaking prominence, thus dooming the “New Détente”, which resulted in China recalibrating its approach to the NATO-Russian proxy war to the point where President Xi, Foreign Minister Qin, and Ambassador to the EU Fu all concluded that it’s part of the US’ anti-Chinese “containment” strategy.

Under these newfound circumstances, the US consolidated its successfully reasserted hegemony over the EU by getting Germany to go along with Washington’s very strongly implied threats that the Golden Billion will sanction China if it decides to arm Russia should Moscow require such aid as a last resort. In response, China felt compelled to consolidate its strategic partnership with Russia to the point of turning it into an entente, hence the purpose of President Xi’s trip to work out the finer details of this.

Just like these two Great Powers earlier synchronized Russia’s GEP and China’s BRI, so too are they now poised to synchronize the first’s Global Revolutionary Manifesto with the second’s global initiatives on development, security, and civilization. This prediction is predicated on the articles that Presidents Putin and Xi published in one another’s national media on the eve of the latter’s trip to Moscow, which confirms that they intend to cooperate more closely than ever before.

Observers can therefore expect the Sino-Russo Entente to solidify into one of the world’s three premier poles of influence as a result of the Chinese leader’s visit, thus making it a milestone in the New Cold War over the direction of the global systemic transition. The worldwide struggle between this pole and the Golden Billion will intensify, especially in the Global South, which will reinforce India’s importance in helping fellow developing states balance between both and thus bring about true tripolarity.

 

 

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Jan 092023
 
 January 9, 2023  Posted by at 10:00 am Finance Tagged with: , , , , , , , , ,  114 Responses »


David Hockney A bigger splash 1967

 

Former US Secretaries: Russia Won’t Return Annexed Ukrainian Provinces (Az.)
Top Officials Are Panicking That $100 Billion In Aid Isn’t Enough (Korybko)
The Attack On Western Europe (Ugo Bardi)
Bye Bye 1991-2022 (Escobar)
BRI Is Back With A Bang In 2023 (Escobar)
General Soleimani Kick-started The Multipolar World (Escobar)
Brazil Anti-Lula Protestors Storm Presidential Palace, National Congress (PM)
El Paso Cleans Migrant Camps Ahead of Visit By President Biden (CB)
White House Pushed Facebook to Censor Tucker Carlson on COVID-19 Vaccines (ET)
DHS Secretary Alejandro Mayorkas Responds To Impeachment Talk (CB)
A Summer of Illness and Excess Death in Australia (Chudov)
Experts Trying to Explain White Lungs in China (ET)
Swiss National Bank Posts Record $143 Billion Loss In 2022 (R.)

 

 

 

 

Tucker Malone RFKjr
https://twitter.com/i/status/1612148374786166786

 

 

 

 

 

 

Bowie internet

 

 

 

 

 

 

No, it won’t. As always with articles like the WaPo one, you have to scrutinize the timing.

Former US Secretaries: Russia Won’t Return Annexed Ukrainian Provinces (Az.)

The Washington Post has published an opinion article by Condoleezza Rice, US Secretary of State from 2005 to 2009, and Robert M. Gates, US Secretary of Defense from 2006 to 2011, Report informs. “When it comes to the war in Ukraine, about the only thing that’s certain right now is that the fighting and destruction will continue. Vladimir Putin remains fully committed to bringing all of Ukraine back under Russian control or — failing that — destroying it as a viable country. He believes it is his historical destiny — his messianic mission — to reestablish the Russian Empire and, as Zbigniew Brzezinski observed years ago, there can be no Russian Empire without Ukraine. Both of us have dealt with Putin on a number of occasions, and we are convinced he believes time is on his side: that he can wear down the Ukrainians and that US and European unity and support for Ukraine will eventually erode and fracture.

To be sure, the Russian economy and people will suffer as the war continues, but Russians have endured far worse,” reads the article. “For Putin, defeat is not an option. He cannot cede to Ukraine the four eastern provinces he has declared part of Russia. If he cannot be militarily successful this year, he must retain control of positions in eastern and southern Ukraine that provide future jumping-off points for renewed offensives to take the rest of Ukraine’s Black Sea coast, control the entire Donbas region and then move west. Eight years separated Russia’s seizure of Crimea and its invasion nearly a year ago. Count on Putin to be patient to achieve his destiny.

“Meanwhile, although Ukraine’s response to the invasion has been heroic and its military has performed brilliantly, the country’s economy is in a shambles, millions of its people have fled, its infrastructure is being destroyed, and much of its mineral wealth, industrial capacity and considerable agricultural land are under Russian control. Ukraine’s military capability and economy are now dependent almost entirely on lifelines from the West — primarily, the United States. Absent another major Ukrainian breakthrough and success against Russian forces, Western pressures on Ukraine to negotiate a cease-fire will grow as months of military stalemate pass. Under current circumstances, any negotiated cease-fire would leave Russian forces in a strong position to resume their invasion whenever they are ready. That is unacceptable.”

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“All four top officials shattered prior narratives by either admitting Ukraine’s proxy role and/or acknowledging the success of Russia’s special operation thus far.”

Top Officials Are Panicking That $100 Billion In Aid Isn’t Enough (Korybko)

Ukrainian Defense Minister Alexey Reznikov and Ambassador to the UK Vadim Prystaiko tried guilting NATO into sending more arms by emphasizing Ukraine’s status as that group’s proxy in the hopes of swaying popular Western perceptions to its side, while the second-mentioned also contributed to former US Defense Secretary Robert Gates’ and former Secretary of State Condoleezza Rice’s fearmongering that the failure to do so would leave Russia in control of extremely strategic territory. All four top officials shattered prior narratives by either admitting Ukraine’s proxy role and/or acknowledging the success of Russia’s special operation thus far.

Zelensky’s trip to DC last month wasn’t the success that the US-led West’s Mainstream Media (MSM) spun it as being as evidenced by the panic that’s since taken hold of top Ukrainian and former US officials. They’ve begun an information warfare offensive alleging that the approximately $100 billion in American aid that Kiev’s received thus far supposedly isn’t enough to completely dislodge Russia from that former Soviet Republic’s pre-2014 borders, let alone defend against any forthcoming offensives. Ukrainian Defense Minister Alexei Reznikov told national TV last week that “Today, Ukraine is addressing [the] threat (of Russia). We’re carrying out NATO’s mission today, without shedding their blood. We shed our blood, so we expect them to provide weapons.”

This was followed up by Ukrainian Ambassador to the UK Vadim Prystaiko telling Newsweek something similar in spirit shortly thereafter. According to him, “The West now has a unique chance. There are not many nations in the world who would allow themselves to sacrifice so many lives, territories and decades of development for the purpose of defeating the archenemy…This is what I mean: All hands on deck, every single thing we can spare to help Ukraine win.” He also expressed concern that the West might pressure Kiev to agree to a ceasefire with Russia if the present stalemate isn’t soon broken. Former Defense Secretary Robert Gates and former Secretary of State Condoleezza Rice then jointly authored an opinion piece for the Washington Post on Saturday dramatically headlined that “Time is not on Ukraine’s side”.

Their narrative is completely contrary to the “official” one that’s popular among most Westerners claiming that Russia will inevitably collapse the longer that its special operation drags on for. Instead, Gates and Rice warned that “Absent another major Ukrainian breakthrough and success against Russian forces, Western pressures on Ukraine to negotiate a cease-fire will grow as months of military stalemate pass”, which would result in Russia retaining “much of [Ukraine’s] mineral wealth, industrial capacity and considerable agricultural land” if the Line of Control (LOC) is frozen. This is an important point that was also reaffirmed by Prystaiko.

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“..if relations between Europe and Russia are relatively friendly, there is less need for NATO, less need for expensive US-made weapon systems and less need for a US military presence on the continent..”

The Attack On Western Europe (Ugo Bardi)

As the journalist Mike Whitney notes, if relations between Europe and Russia are relatively friendly, there is less need for NATO, less need for expensive US-made weapon systems and less need for a US military presence on the continent. But wouldn’t all that be a plus from the US point of view? Like former President Trump, don’t most Americans want to stop subsidising Europe’s security? They might, but that’s not how many in the US foreign policy establishment see things. Which raises an important point: when I refer to what “the US wants”, I’m really talking about what certain elements within the foreign policy establishment want (“US hawks” is a useful shorthand).

As Hastings Ismay, the first Secretary General of NATO, is reputed to have said: the purpose of NATO is not only “to keep the Soviets out”, but also to “keep the Americans in, and the Germans down”. Although Ismay was an Indian-born British general, his quip undoubtedly reflected the views of the organisation’s main backers, the Americans. This awkward truth was not lost on more nationalistic European leaders at the time. Noting that “Europe is useless if it doesn’t control its own defence,” the French President Charles de Gaulle described NATO as “a machine to disguise the stranglehold of America over Europe.” He added, “Thanks to NATO, Europe is placed under the dependence of the U.S. without seeming to be”.

And you don’t have to go back to the sixties to find evidence that US hawks see NATO as vehicle for exerting influence over Europe, rather than as a costly burden on American taxpayers. In 1997, the Project for the New American Century (a thinktank closely tied to the Bush administration) published a report titled ‘Rebuilding America’s Defences’, which explained how the US can “preserve and extend its position of global leadership”. Regarding Europe, it noted: The region is stable, but a continued American presence helps to assure the major European powers, especially Germany, that the United States retains its longstanding security interest in the continent. This is especially important in light of the nascent European moves toward an independent defense “identity” and policy; it is important that NATO not be replaced by the European Union, leaving the United States without a voice in European security affairs.

Of course, American subsidisation of European security is hardly something that had to be forced on unwilling European leaders. Most of them were quite happy to spend less on defence, while prioritising election-winners like better healthcare, larger pensions and a bigger safety net. At the same time, increasing talk of European strategic autonomy evidently worried some US hawks for whom American “leadership” of the West remains crucial.

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Pepe has been busy.

“Apart from Ukraine and Poland there is no NATO force worth mentioning.”

Bye Bye 1991-2022 (Escobar)

The CIA abandoned Afghanistan in a humiliating retreat – even ditching the heroin ratline – just to relocate to Ukraine and continue playing the same old broken records. The CIA is behind the ongoing sabotage of Russian infrastructure – in tandem with MI6 and others. Sooner or later there will be blowback. Few people – including CIA operatives – may know that New York City, for instance, may be destroyed with a single move: blowing up the George Washington bridge. The city can’t be supplied with food and most of its requirements without the bridge. The New York City electrical grid can be destroyed by knocking out the central controls; putting it back together could take a year. Even trespassed by infinite layers of fog of war, the current situation in Ukraine is still a skirmish. The real war has not even started yet. It might – soon.

Apart from Ukraine and Poland there is no NATO force worth mentioning. Germany has a risible two-day supply of ammunition. Turkey will not send a single soldier to fight Russians in Ukraine. Out of 80,000 U.S. troops stationed in Europe, only 10% are weaponized. Recently 20,000 were added, not a big deal. If the Americans activated their troops in Europe – something rather ridiculous in itself – they would not have any place to land supplies or reinforcements. All airports and seaports would be destroyed by Russian hypersonic missiles in a matter of minutes – in continental Europe as well as the UK. In addition, all fuel centers such as Rotterdam for oil and natural gas would be destroyed, as well as all military installations, including top American bases in Europe: Grafenwoehr, Hohenfels, Ramstein, Baumholder, Vilseck, Spangdahlem, and Wiesbaden in Germany (for the Army and Air Force); Aviano Air Base in Italy; Lajes Air Base in Portugal’s Azores islands; Naval Station Rota in Spain; Incirlik Air Base in Turkey; and Royal Air Force stations Lakenheath and Mildenhall in the UK.

All fighter jets and bombers would be destroyed – after they land or while landed: there would be no place to land except on the autobahn, where they would be sitting ducks. Patriot missiles are worthless – as the whole Global South saw in Saudi Arabia when they tried to knock out Houthi missiles coming from Yemen. Israel’s Iron Dome can’t even knock out all primitive missiles coming from Gaza. U.S. military power is the supreme myth of the fish to be fried variety. Essentially, they hide behind proxies – as the Ukraine Armed Forces. U.S. forces are worthless except in turkey shoots as in Iraq in 1991 and 2003, against a disabled opponent in the middle of the desert with no air cover. And never forget how NATO was completely humiliated by the Taliban.

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How could the West let this slip through their hands?

BRI Is Back With A Bang In 2023 (Escobar)

The year 2022 ended with a Zoom call to end all Zoom calls: Presidents Vladimir Putin and Xi Jinping discussing all aspects of the Russia-China strategic partnership in an exclusive video call. Putin told Xi how “Russia and China managed to ensure record high growth rates of mutual trade,” meaning “we will be able to reach our target of $200 billion by 2024 ahead of schedule.” On their coordination to “form a just world order based on international law,” Putin emphasized how “we share the same views on the causes, course, and logic of the ongoing transformation of the global geopolitical landscape.”


Facing “unprecedented pressure and provocations from the west,” Putin noted how Russia-China are not only defending their own interests “but also all those who stand for a truly democratic world order and the right of countries to freely determine their own destiny.” Earlier, Xi had announced that Beijing will hold the 3rd Belt and Road Forum in 2023. This has been confirmed, off the record, by diplomatic sources. The forum was initially designed to be bi-annual, first held in 2017 and then 2019. 2021 didn’t happen because of Covid-19. The return of the forum signals not only a renewed drive but an extremely significant landmark as the Belt and Road Initiative (BRI), launched in Astana and then Jakarta in 2013, will be celebrating its 10th anniversary.

That set the tone for 2023 across the whole geopolitical and geoeconomic spectrum. In parallel to its geoconomic breadth and reach, BRI has been conceived as China’s overarching foreign policy concept up to the mid-century. Now it’s time to tweak things. BRI 2.0 projects, along its several connectivity corridors, are bound to be re-dimensioned to adapt to the post-Covid environment, the reverberations of the war in Ukraine, and a deeply debt-distressed world. And then there’s the interlocking of the connectivity drive via BRI with the connectivity drive via the International North South Transportation Corridor (INTSC), whose main players are Russia, Iran and India.


Expanding on the geoeconomic drive of the Russia-China partnership as discussed by Putin and Xi, the fact that Russia, China, Iran and India are developing interlocking trade partnerships should establish that BRICS members Russia, India and China, plus Iran as one of the upcoming members of the expanded BRICS+, are the ‘Quad’ that really matter across Eurasia. The new Politburo Standing Committee in Beijing, which are totally aligned with Xi’s priorities, will be keenly focused on solidifying concentric spheres of geoeconomic influence across the Global South.

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“..the imperial machine – following trademark, decades-long mockery of international law – assassinated a de-facto diplomatic envoy.”

General Soleimani Kick-started The Multipolar World (Escobar)

The consensus among future historians will be inevitable: the 2020s started with a diabolic murder. Baghdad airport, January 3, 2020, 00:52 a.m. local time. The assassination of Gen.QassemSoleimani, commander of the Quds Force of the Islamic RevolutionGuards Corps (IRGC), alongside Abu Mahdi al-Muhandis, deputy commander of Iraq’s Hashd al-Sha’abi, by laser-guided AGM-114 Hellfire missiles launched from two MQ-9 Reaper drones, was, in fact, murder as an act of war. This act of war set the tone for the new decade and inspired my book Raging Twenties: Great Power Politics Meets Techno-Feudalism, published in early 2021.

The drone strikes at Baghdad airport, directly approved by the pop entertainer/entrepreneur then ruling the Hegemon, Donald Trump, constituted an imperial act engineered as a stark provocation, capable of engendering an Iranian reaction that would then be countered by, “self-defense”, packaged as “deterrence”. The proverbial narrative barrage spun to saturation, ruled it as a “targeted killing”: a pre-emptive op squashing Gen. Soleimani’s alleged planning of “imminent attacks” against US diplomats and troops.No evidence whatsoever was provided to support the claim. Everyone not only along the Axis of Resistance – Tehran, Baghdad, Damascus, Hezbollah – but across the Global South had been aware of how Gen. Soleimani led the fight against Daesh in Iraq from 2014 to 2015, and how he had been instrumental in retaking Tikrit in 2015.

This was his real role – a true warrior of the war on terror, not the war of terror. For the Empire, to admit his aura glowed even across – vassalized – lands of Sunni Islam was anathema. It was up to then-Iraqi Prime Minister Adil Abdul-Mahdi, in front of Parliament in Baghdad, to offer the definitive context: Gen. Soleimani, on a diplomatic mission, had boarded a regular Cham Wings Airbus A320 flight from Damascus to Baghdad. He was involved in complex negotiations between Tehran and Riyadh, with the Iraqi Prime Minister as a mediator, and all that at the request of President Trump. So the imperial machine – following trademark, decades-long mockery of international law – assassinated a de-facto diplomatic envoy.

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Jan 6 revisited. Which side is more corrupt?

Brazil Anti-Lula Protestors Storm Presidential Palace, National Congress (PM)

The headquarters of Brazil’s executive and legislative branches were stormed by demonstrators protesting against the election of socialist President Luiz Inácio Lula da Silva on Sunday, breaking into the presidential palace as well as the National Congress building. Palácio do Planalto, or Planalto Palace in English, is the workplace of Brazilian presidents, and is located in the same plaza as the National Congress of Brazil, as well as the Supreme Federal Court. The Praça dos Três Poderes, or Three Towers Plaza, is in the capital city of Brasília.

Brazilian outlet Metropoles reports that a hundreds of “Bolsonarists,” or supporters of former President Jair Bolsonaro, “broke through blocks that prevent the entry of non-accredited people and entered the Planalto parking lot,” before eventually making their way into the Planalto Palace and National Congress buildings. Footage shared by American conservative activist ALX shows the moment protestors broke through the barrier as police attempted to subdue them. Eventually the police had to retreat while the crowd stormed through. Video from inside the Planalto Palace shows the protestors, decked out in patriotic outfits, walking through the gas around the offices. Around 2:40 pm, the protestors also entered the National Congress building under a “shower of tear gas bombs.”

More footage shows masses of protestors climbing up the ramps on the outside of the congressional building to get inside. Renato Souza, a reporter with Brazilian publication Portal R7, shared video from the inside of the building. “President Lula is not on site,” he reported. Portuguese news outlet LUSA reports that the protestors are calling for “military intervention” to overthrow President Lula. In response to the invasion, Lula has “decreed federal intervention in the Federal District,” according to the Brazil-based Tupi Report. Meanwhile, Bolsonaro is suspected to have been in Orlando, Florida, since December, reported The Hill. Lula, who was inaugurated just one week ago, won 50.83 percent of the vote compared to conservative incumbent Jair Bolsonaro, who won 49.17, in the country’s October 2 vote. There was a runoff election afterwards on October 30 which Lula won, and that win was immediately ratified by the Superior Electoral Court.

Read more …

Caricature.

El Paso Cleans Migrant Camps Ahead of Visit By President Biden (CB)

The city of El Paso is putting its best face on for President Joe Biden who is finally making a visit to the Southern border. The city has been cleaning up migrant encampments that have been languishing, ahead of the president’s photo op visit, The New York Post reported. Encampments near the downtown bus station and the Sacred Heart Church, which operates a shelter, have been dismantled by local authorities over the last two nights as the city prepares to host President Biden’s first visit to the southern border, according to a photographer for The Post who witnessed it. Six buses loaded with mostly Venezuelan migrants were spotted crossing a downtown bridge to Ciudad Juarez, the frontier city in Mexico, Saturday, as police escorted dozens more to a pedestrian crossing.

A Border Patrol agent who did not want to be identified told The Post that 200 people were sent back to Mexico Saturday. “People are saying that if you are out in the streets the Border Patrol will get you and deport you because the President is coming to El Paso and they don’t want to show him the reality of things,” said Venezuelan migrant Maria Rodriguez said to The Post. She said that for the past three days she has been living in a dumpster in El Paso. “I hope we get shelter tonight because it took us a lot of courage to go out of that dumpster after three days…We just don’t want to keep running. All we are asking is for one chance,” she said. Another Venezuelan migrant, Joan Enriquez, 21, said he had been sleeping on the steps of a church and is furious with President Biden for making false promises.

“I really think politicians are playing with us,” he said. “Both side, Democrats and Republicans. We are props to them because like Biden, he first said he wanted to help us, and then he shut the border down and we can’t find a way to get legal in this country.” And critics are seizing on the cleaning of the camps by El Paso authorities saying that they are attempting to cover up what is really happening. “El Paso being cleaned up as if nothing unusual ever happened there. Just in time for Biden’s ‘visit to the border’. We suggest just landing in Des Moines, Iowa and telling him it’s El Paso. He’ll never know the difference,” the Border Patrol Union said.

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“..if ‘reduction’ means ‘pumping our most vaccine hesitant audience with [T]ucker Carlson saying it doesn’t work’ then … I’m not sure it’s reduction!”

White House Pushed Facebook to Censor Tucker Carlson on COVID-19 Vaccines (ET)

The White House pressured Facebook to take action against Fox News host Tucker Carlson for supposedly saying COVID-19 vaccines “don’t work,” according to a document released by Louisiana’s Republican Attorney General Jeff Landry, who characterized the move as a request to censor the journalist. Landry shared the document—an email exchange between White House Director of Digital Strategy Rob Flaherty and an unidentified Facebook employee—in a Jan. 7 post on Twitter, with the comment: “Rob Flaherty tells facebook to censor” Tucker Carlson. “Since we’ve been on the phone—the top post about vaccines today is [T]ucker Carlson saying they don’t work. Yesterday it was Tomi Lehren [sic] saying she won’t take one,” Flaherty reportedly said in the message to the Facebook staffer, whose name and email address have been redacted.

“This is exactly why I want to know what ‘Reduction’ actually looks like—if ‘reduction’ means ‘pumping our most vaccine hesitant audience with [T]ucker Carlson saying it doesn’t work’ then … I’m not sure it’s reduction!” Flaherty continued, per the document shared by Landry. Signaling action regarding the request, the unidentified Facebook employee then reportedly wrote: “Running this down now.” [..] Landry, together with Missouri Attorney General Eric Schmitt, sued the Biden administration in May 2022 for allegedly pressuring and colluding with social media giants to suppress free speech. Schmitt on Jan. 5 was sworn in as a U.S. senator and has been replaced in his role as Missouri attorney general by Andrew Bailey.

Bailey took to Twitter on Jan. 7 to say that when he took the oath of office, he swore he would protect the Constitution and explained “why.” “We now have hard evidence that President Biden’s Administration colluded with social media companies to censor differing viewpoints and silence ‘misinformation’ that was later deemed true,” Bailey wrote in a series of posts. Bailey shared a screenshot of an email from White House COVID-19 Digital Director Clarke E. Humphrey to an unidentified Twitter employee with the subject line “Flagging Hank Aaron misinfo” and requesting the Twitter staff to “get moving on the process for having it removed ASAP.” In her request, Humphrey provided a link to a Twitter post by Robert F. Kennedy Jr., a known critic of the Biden administration’s narrative on COVID-19 vaccines.

Tucker Jan 6 – real good
https://twitter.com/i/status/1611972143482568704

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“..Every order, every action and every failure will determine whether we can begin impeachment inquiry..”

DHS Secretary Alejandro Mayorkas Responds To Impeachment Talk (CB)

Department of Homeland Security Secretary Alejandro Mayorkas is hitting back at Republicans who want him to resign or to impeach him. He appeared on the ABC show “This Week” on Sunday and said he does not have any intention of resigning, knowing that he faces investigations and even a possible impeachment from the Republican House of Representatives. “As of yesterday morning, Kevin McCarthy is speaker of the House. And back in November, he suggested that you might be impeached if you don’t resign. Here’s what he said,” host George Stephanopoulos said as he played a clip of what Speaker Kevin McCarthy said. “If Secretary Mayorkas does not resign, House Republicans will investigate. Every order, every action and every failure will determine whether we can begin impeachment inquiry,” the Speaker said.


“What’s your response to the speaker?” the host said. “I am joining the president today on his visit to El Paso, Texas. I’ve been to the border quite a number of times,” the secretary said. “I’m joining the president at the North Mexican Leader’s Summit in Mexico City to work with our partners in Mexico and Canada to address the security of the homeland. I’ve got a lot of work to do. I’m proud to do it, alongside 250,000 incredibly dedicated and talented individuals in the Department of Homeland Security and I’m going to continue to do my work,” he said. “So, you have no intention of resigning?” the host said. “I do not. I’ve got a lot of work to do, and we’re going to do it,” the secretary said. “Are you prepared for the investigations?” the host said. “I am. I will be. And I’ll continue to do my work throughout them,” the secretary said.

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“..NSW’s reports became so inconvenient for COVID vaccine promoters that NSW decided to stop reporting hospitalizations and deaths by vaccine status.”

A Summer of Illness and Excess Death in Australia (Chudov)

January marks the middle of summer in Australia. Unfortunately, despite “health experts” hoping that Covid is a seasonal disease and would go away in summer, Australia is in the middle of yet another wave of Covid. New South Wales, one of the Australian states, publishes “weekly surveillance reports.” Compared to November, COVID hospitalizations more than tripled, according to the latest report. Here’s the strange part: the unvaccinated comprise exactly ZERO out of 1,779 hospitalized people. If we are to believe that so many unvaccinated people die of Covid without ever being hospitalized (a phenomenon seen only in NSW and not anywhere in the world), only 6% of deaths in NSW are unvaccinated.


94% of deaths are in vaccinated people, but only 84.3% of all Australians are vaccinated. NSW health authorities want us to believe that unvaccinated people die of Covid without being hospitalized before dying! While people certainly do die without being hospitalized, the pattern I compiled from recent reports is odd.

The table shows that out of 27 dead unvaccinated people, only four were hospitalized before death. Not sure about you, but to me, this isn’t easy to accept. Are they counting any deaths with “unknown” status as unvaccinated to pad their numbers? I looked at persons over 16 in NSW and compiled hospitalization data (with known status) and percentages of the population with the respective number of doses.

While some of this is explained by age affecting the number of vaccines received, the NSW data shows the utter failure of Covid vaccines. A year ago, NSW health minister Brad Hazzard said at 2:12: There is no question that we will NOT get out of this pandemic without a very substantial portion of our population being vaccinated. Now this “substantial portion,” sadly, is quite sick as Brad is nearing his retirement – while no unvaccinated people are in NSW’s hospitals. NSW’s reports became so inconvenient for COVID vaccine promoters that NSW decided to stop reporting hospitalizations and deaths by vaccine status.

Read more …

Is this real?

Experts Trying to Explain White Lungs in China (ET)

While the official data from China reports mild disease and low mortalities surrounding the latest COVID-19 outbreaks, Chinese social media is awash with reports of “white lung,” a form of pneumonia often seen in moderate to severe disease. Anecdotal accounts of deaths after infections, and overwhelmed hospitals and morgues, have flooded Weibo and Chinese short-form video platforms. Pulmonary critical care specialist Dr. Joseph Varon from Baylor University expressed his perplexity at the white-lung reports on Chinese social media. “It doesn’t make sense,” he said, referring to the official reports from China that state the dominant circulating strains as BA.5.2 and BF.7, both Omicron variants that cause mild disease.


Omicron in general, “[doesn’t] give you white lungs,” he argued. “Those images [on social media] suggest that you’re dealing with something very similar to Delta.” Whiteness in Computed Tomography (CT) scans is a telling sign of severe disease. “The whiter the lungs are, the more chances of dying you have,” said Varon, referring to a study he co-authored on disease prognosis. Omicron’s different surface markers make the variant more capable of infecting the upper airways rather than causing inflammation and pneumonia in the lungs. Pneumonia is more likely seen in patients infected with Omicron if they are old and severely immunocompromised.

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“It is equivalent to slightly more than the annual GDP of Morocco..”

Swiss National Bank Posts Record $143 Billion Loss In 2022 (R.)

The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets hit the value of its share and bond portfolio. A strengthening Swiss franc also had a negative impact. Monday’s provisional figure, which marked a reverse from a 26 billion franc profit in 2021, was far bigger than the previous record loss of 23 billion francs chalked up in 2015. It is equivalent to slightly more than the annual GDP of Morocco. The SNB will release detailed annual figures on March 6. It made a loss of 131 billion francs from its foreign currency positions – the more than 800 billion francs in stocks and bonds it bought during a long campaign to weaken the Swiss franc.


Global stock markets weakened and bond prices fell last year as central banks around the world, including the SNB, hiked interest rates to combat inflation. The strong Swiss franc – it rose above parity versus against the euro in July – led to exchange rate-related losses. The only positive was the SNB’s gold holdings which stood at 1,040 tonnes at the end of 2021 and gained 400 million francs in value during 2022. The 2022 loss meant the central bank will not make its usual payout to the Swiss central and regional governments, it said. Last year the SNB paid out 6 billion francs. Still, the loss is unlikely to have an impact on SNB policy. It hiked interest rates three times in 2022 as Chairman Thomas Jordan moved to stem high Swiss inflation, analysts said.

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Robots
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Unger

 

 

Goats
https://twitter.com/i/status/1612091671839399936

 

 

Stir it up
https://twitter.com/i/status/1611812787646242816

 

 


Paul Newman and Marlon Brando at a sit-in protest for fair housing in California in 1963.

 

 

 

 

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Jan 022023
 
 January 2, 2023  Posted by at 10:03 am Finance Tagged with: , , , , , , , ,  45 Responses »


Edward Hopper Burly Cobb’s House, South Truro 1930-33

 

Drone Attacks Continue On Kyiv And Eastern Ukraine (BBC)
Nancy Pelosi Is Stepping Down As US House Speaker, And Few Will Miss Her (RT)
Twitter’s COVID-19 Censorship Led to Loss of Life – Dr. Scott Atlas (ET)
Fauci Fibbed on the Day Everything Changed (Tucker)
How China Changed Its Zero-COVID Policy to a ‘Zero Non-COVID’ Policy (ET)
States Grand Jury to Hold Big Pharma Accountable for Covid Vaccines (BN)
Elon Musk Says He Is ‘Open’ to Idea of Buying Out Major Media Companies (BN)
In 2023 It Will Be All About The Dollar (Macleod)
USD Exchange Rates Hit Foreign Exchange Reserves (WS)
My Prediction On What 2023 Will Bring (Varoufakis)
1 Year On, EU Alternative To China’s Belt And Road Fails To Deliver (SCMP)
New Year, New Things (Denninger)

 

 

 

 

Free Assange

 

 

 

 

 

 

 

 

Difference between BBC and RT is remarkable.

Drone Attacks Continue On Kyiv And Eastern Ukraine (BBC)

Air raid sirens sounded in Kyiv on Sunday night as the latest wave of drone and missile strikes from Russia continued. An attack which began shortly before midnight targeted critical infrastructure, Kyiv regional governor Oleksiy Kuleba said. One man in Kyiv was injured by debris from a destroyed Russian drone, the capital’s mayor said. The attacks have continued for several days over the New Year period. Meanwhile, the Ukrainian Armed Forces said 400 Russian soldiers had been killed in on New Year’s Eve in Makiivka, in the Russian-occupied Donetsk region. In a rare move, pro-Russian authorities admitted to casualties. But Russia refused to confirm the number of deaths, and the BBC is unable to verify this.

It comes after Ukrainian president Volodymyr Zelensky wished for victory and a “return to normal” for Ukraine in 2023. In a new year address on Russian TV, President Vladimir Putin said Russia would fight to protest its sovereignty and independence. Kyiv’s military issued a warning of the latest attacks just after 01:00 (23:00 GMT) on Monday. “Air attack on Kyiv… Air alert is on in the capital,” it announced on the Telegram social media site. Serhiy Popko, the city’s military administration head, told people to stay in shelters. Mayor Vitali Klitschko reported an explosion in Kyiv’s northeastern Desnyanskyi district and said emergency services were attending. “An injured 19-year-old man was hospitalised in the Desnyanskyi district of the capital,” he said.

Mr Kuleba said the weapons were Iranian-made Shahed drones, adding that they were “targeting critical infrastructure facilities”. “The main thing now is to stay calm and stay in shelters until the alarm is off,” he said. It comes after a barrage of attacks on New Year’s Eve, which killed at least one person in Kyiv. Russia has been targeting Ukraine’s energy infrastructure for several months, destroying power stations and plunging millions into darkness during the country’s freezing winter.

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“Yeah, we completely agree with Satan on everything.”

Nancy Pelosi Is Stepping Down As US House Speaker, And Few Will Miss Her (RT)

The 118th United States Congress will be inaugurated on January 3, 2023, ushering in a number of changes, including Republican control of the House of Representatives and an attendant flip of the office of the speaker. That means that long-time Democratic Party leader Nancy Pelosi will have to give up her gavel and hand it over, most likely to Republican leader Kevin McCarthy. This has been Pelosi’s second tenure as speaker, as she served the first time from 2007-2011 and made history during that time by being the first – and so far only – woman to hold that title. Indeed, Pelosi’s record as the third-highest constitutional officer in the US has been historic – but maybe for some reasons that aren’t so savory. For one, the California Democrat is a notorious self-dealer. For instance, Pelosi was one of the most high-profile members of Congress implicated in a five-month corruption investigation by Business Insider.

She is reported to have deep holdings in companies such as Tesla, Disney, Alphabet (Google’s parent company), and Meta (Facebook’s parent company), which she is directly responsible for regulating as a member of Congress. And it should also not be a surprise that she has repeatedly come out against barring members of Congress from trading stocks and other financial assets, even if she did an about face when public pressure mounted. “We are a free-market economy. They (members of Congress) should be able to participate in that (trading),” she told reporters in December 2021. There is actually an argument to be made that indeed members of Congress should be able to engage in such investments. After all, they have to pay two sets of housing costs in their district and in the notoriously expensive Washington, DC area.

They also have to pay all of their own traveling expenses to and from their district. And they have to do all of that, plus probably also have a family, with a salary of $174,000. It’s not all that glamorous when you think about it. But if we look at Pelosi’s net worth of $114,662,521, according to 2018 data by OpenSecrets, then we can see that this argument hardly applies. In fact, if you look at the chart of her individual wealth over the years, you’ll notice that her wealth exponentially increased with her position as speaker. It’s like her power in Congress directly translates to her own personal wealth accumulation – which, I think we can all agree, would be the definition of corruption. Along with being greedy, the outgoing speaker is a devout war hawk. She once told reporters in Damascus in 2007, during George W. Bush’s presidency, that “there is no division on policy between us and President Bush, be it on Israel, Palestine or Syria.” For anyone familiar with Bush’s genocidal Middle East scheme, this is basically like saying, “Yeah, we completely agree with Satan on everything.”

[..] To put in perspective how unpopular Pelosi is, according to Public Policy Polling, a higher share of Americans believe that JFK was killed by a conspiracy (51%) and that Bush intentionally misled the public on Iraq’s WMDs (44%) than like Pelosi, with just a bit less (37%) thinking global warming is a hoax. For the sake of our country, it is to be hoped that the 82-year-old will retire from political life after her term as speaker comes to a close. But unfortunately, as is ever the case with Pelosi, her career might just outstay its welcome and drag on endlessly.

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Atlas was completely silenced by Fauci and Birx. Strange story.

Twitter’s COVID-19 Censorship Led to Loss of Life – Dr. Scott Atlas (ET)

When discussing censorship, there are often “vague implications” on the effects of that restriction. But by censoring medical science and health policy, “you are killing people,” Dr. Scott Atlas firmly stated in an interview that aired on Newsmakers by NTD and The Epoch Times on Dec. 28. “Censorship of the correct science and medical information, during this pandemic, absolutely killed people. It prevented people from making intelligent decisions. It prevented people from making the appropriate use of caution,” Atlas alleged of Twitter censoring doctors such as himself. Furthermore, Atlas charged, Twitter’s censorship was particularly “harmful” and “shocking” because the United States was founded on freedom.

“This kind of censorship was, in my view, unheard of in the United States,” Atlas stated. “It’s reminiscent of everything that we, as a free society and democracy, abhor about countries that are authoritarian, like China, the former USSR and now Russia, North Korea. “This is the kind of censorship that occurs in those countries. And now it’s occurring in our country.” According to Atlas, censorship at the government’s behest isn’t limited to social media and is far more insidious than first imagined. “It’s not simply blocking information. It’s also—being less overt about it—it’s limiting the public’s access to information. It’s impugning people who are speaking correct information,” Atlas said.

In Atlas’s view, there was only one acceptable COVID-19 narrative at the height of the pandemic, and that was the one put forward by those in authority, specifically Dr. Anthony Fauci and Dr. Deborah Birx. Consequently, when other health authority figures, such as Atlas, advanced conflicting information, the above authorities enlisted help from the media to squash that dissent. “Dr. Fauci, Dr. Birx, etc., went to their friends in the media and undermined people like me. Who, in fact, were saying what was correct, what has been validated as being correct this entire time. “But the reality is, yes, the censorship of science kills people. And it killed people during this pandemic. There’s no doubt about that,” Atlas stated.

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“..he threw around so much data confetti that a person could have easily believed that he was downplaying the severity to promote calm. His intention was the opposite.”

Fauci Fibbed on the Day Everything Changed (Tucker)

Anthony Fauci is finally gone from his government perch. Let us recall that it was he who set this calamity in motion, squandering his credibility, while taking down public health and much else with it. More than anyone, he bears responsibility, even if he was acting on others’ behalf. That is especially true if he was carrying out a hidden agenda (take your pick of theories). There was already growing political and societal panic on March 11, 2020, when the House Oversight and Reform Committee convened a hearing on the new virus circulating. Fauci was the key witness. The only question on everyone’s mind came down to the most primal fear: am I going to die from this thing, like in the movies?

This was one day before Trump’s announcement of the travel ban from Europe, the UK, and Australia, essentially sealing the borders of the US to an extent never before attempted, thus separating families and loved ones and trapping billions of people in their nation states. It was five days before the evil declaration by all health authorities to immediately shut down all places where people could congregate. These few days will remain a case study in irrationality and crowd madness. Fauci, on the day of his testimony, however, seemed like a paragon of stability. He was calm and clear, nearly bloodness in his tone. The substance of what he said, at the same time, was clearly designed to generate panic and create the conditions for a full lockdown.

He had the countenance of a doctor who was telling the family that a beloved father was terminally ill with 30 days to live. In particular, and in contrast to the testimony prepared by CDC/NIH, Fauci spoke to the severity of the virus. To the average member of Congress, the answer here was crucial because it addressed the only two serious issues: “Am I going to die?” and “Will I be blamed and politically punished if my constituents die?” To this, he responded with what seemed like science but was actually completely wrong, dreadfully wrong, catastrophically wrong. He claimed that we knew for sure that at best Covid was 10 times deadlier than the flu. In fact, he threw around so much data confetti that a person could have easily believed that he was downplaying the severity to promote calm. His intention was the opposite.

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Pushing infection?!

“A local official in Shanghai told The Epoch Times on Dec. 27 that his office had received instructions to do whatever it could to push the city into the COVID peak status.”

How China Changed Its Zero-COVID Policy to a ‘Zero Non-COVID’ Policy (ET)

“Zero non-COVID” is the name that people in China are calling the regime’s new pandemic management policy. The Chinese Communist Party (CCP) has aggressively pushed the whole country towards an all-COVID-positive state. China’s annual rubber-stamp legislature is usually in session during the month of March. It is widely expected that the coming session will focus on saving China’s economy because it is on the edge of collapse after the three-year long zero-COVID policy. Party leader Xi Jinping is clearly willing to pay any price to reopen the country. Government employees of Chongqing City and Zhejiang Province received notices telling them return to their offices to work even if they have tested positive for COVID-19, as long as their symptoms are mild.

The total population of Chongqing City is more than 31 million, and Zhejiang province more than 57 million. Rumors on the Chinese internet talked about local governments of Chongqing City and Zhejiang Province being criticized by Beijing because these regions were too slow to reach a high percentage of COVID positive patients. A local official in Shanghai told The Epoch Times on Dec. 27 that his office had received instructions to do whatever it could to push the city into the COVID peak status. “Let those who are supposed to become positive become positive, and let those who are supposed to die, die,” said Song Wen (pseudonym). All state-owned media are mute about the current situation in the country, and reports from different government agencies are conflicting.

The Zhejiang Provincial government recorded one million new COVID cases on Dec. 25, while the Chinese national CDC only reported 2,983 new cases in the whole nation for the same day. The regime announced that on Jan. 8, 2023, China will totally reopen travel in and out of the country, which has triggered concern in countries around the globe. Italian officials reported on Dec. 28 that 50 percent of passengers on two flights from China tested positive for COVID. China, a country with a population of more than 1.4 billion, moved from the zero-COVID policy to a zero non-COVID policy within a month. The sudden change has left health experts worldwide feeling uncertain, because the explosion in COVID cases in China may lead to the whole world being exposed to new variants.

The Western media have widely attributed the sudden policy change to the late November White Paper protests against the zero-COVID policy in China. However, according to World Health Organization (WHO) emergencies chief Michael Ryan, the COVID spike in China was not due to the lifting of the government mandated restrictions. Before the policy change, “the disease was spreading intensively because I believe the control measures in themselves were not stopping the disease. And I believe China decided strategically that was not the best option anymore,” Ryan said.

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Wonder if this can/will carry over into other states. Perhaps not even necessary, depending on what they find.

States Grand Jury to Hold Big Pharma Accountable for Covid Vaccines (BN)

A states grand jury to investigate Big Pharma for civil and criminal wrongdoing related to its COVID-19 mRNA vaccines has been approved by the Supreme Court of Florida. “A statewide grand jury shall be promptly impaneled for a term of twelve calendar months, to run from the date of impanelment, with jurisdiction throughout the State of Florida, to investigate crime, return indictments, make presentments, and otherwise perform all functions of a grand jury with regard to the offenses stated herein,” the court order stated. “The Petitioner, the Honorable Ron DeSantis, Governor of Florida, has alleged that good and sufficient reason exists and that it is in the public interest to impanel a statewide grand jury, with jurisdiction throughout the State of Florida, to investigate crime, return indictments, make presentments, and otherwise perform all functions of a grand jury with regard to the offenses listed,” the court order continued.


The grand jury probe will have sweeping scope and will include many targets for investigation.Those include: “Individuals, persons, and entities, including, but not limited to, pharmaceutical manufacturers (and their executive officers) and other medical associations or organizations involved in the design, development, clinical testing or investigation, manufacture, marketing, representation, advertising, promotion, labeling, distribution, formulation, packing, sale, purchase, donation, dispensing, prescribing, administration, or use of vaccines purported to prevent COVID-19 infection, symptoms, and transmission.” The grand jury will also investigate “other criminal activity or wrongdoing that the statewide grand jury uncovers during the course of the investigation if it determines that pursuing the criminal activity or wrongdoing is in the best interests of the investigation.”

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“The legacy media should worry about its reputation,” Musk retorted. “We have only just begun.”

Elon Musk Says He Is ‘Open’ to Idea of Buying Out Major Media Companies (BN)

Billionaire tech CEO Elon Musk is entertaining the idea of buying out top digital media companies. Journalist and media commentator Dave Rubin started a Twitter thread discussing the tremendous influence that Google and YouTube have on the nation’s politics. “Let me get ahead of this one right now…” Rubin tweeted. “I think YouTube’s (and Google’s) manipulation for political purposes is FAR worse than Twitter’s.” “And we might find out as @rumblevideo will get discovery in its lawsuit against Google…” Rubin added. One user suggested Musk should try to buy Substack, which is a subscription-based platform used by many influential journalists.“You would have the information layer with Twitter and the narrative layer. Corporate media would then have specialize on reporting government leaks, from ‘people familiar with the matter,’” the user said.

Musk responded by saying: “I’m open to the idea.” Earlier in December, Musk also suggested he could try to buy Wikipedia, but was informed it was not for sale by its founder Jimmy Wales. The “Twitter Files,” a series of releases on Twitter showing the prior regime’s coordination between Big Tech and U.S. government agencies, has been spearheaded by a number of notable journalists, such as Matt Taibbi, Bari Weiss, and Michael Shellenberger. The subsequent Fauci Files and forthcoming Covid Files have additionally spurred independent journalistic accountability that has been denied by corporate media and the U.S. Congress. On Wednesday, Musk dropped a ‘Fauci bomb’ that exposed Twitter’s extreme bias on Covid issues.

“Almost no one seems to realize that the head of bioethics at NIH – the person who is supposed to make sure that Fauci behaves ethically – is his wife,” Musk remarked. “‘Gain-of-function’ in this context is just another way of saying ‘bioweapon’,” Musk added. “Some good nuggets in article. Important to note that Fauci authored 2012 paper arguing for gain-of-function research! Obama wisely put this on pause, but Fauci restarted it.” “Despite these glaring issues, Twitter nonetheless had an internal Slack channel unironically called ‘Fauci Fan Club’,” he added. Dr. Pierry Kory in a Twitter Spaces on Wednesday praised Twitter for providing a forum for physicians and policy critics to discuss the pervasive bias in medicine, which would help correct the “information assymetry” that has been perpetuated by the mainstream media and in medical journals.

Elon Musk also fired a warning shot to the corporate media about his mission to protect free speech and develop a forum for actual journalism. His response came after an attack by Axios reporter Hope King on CNBC, who said that his “reputation is in danger.” “The legacy media should worry about its reputation,” Musk retorted. “We have only just begun.”

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“Putin [..] probably has a greater influence on the dollar’s future than the US Treasury and the Fed combined.”

In 2023 It Will Be All About The Dollar (Macleod)

One of the factors which supported gold in the final quarter, offsetting moderate ETF liquidation of about 300 tonnes over the year has been central bank demand, which the World Gold Council estimates to have been 364 tonnes by October. Including more recent purchases by China and others adds nearly 300 tonnes. The Chinese purchase was confirmed in recent days by Mark Bristow, CEO of Barrick Gold, the world’s second largest gold mining corporation, who claimed China had bought “tonnes of gold around the high 200-tonnes mark”. Why China has bought this gold, when it has ample bullion additional to its declared reserves, is an interesting question. The answer probably lies with President Xi’s recent visit to Saudi Arabia, where it was agreed that sales of oil would be paid in yuan, replacing the petrodollar with petroyuan.

According to Aljazeera, Saudi exports to China are worth $33.4bn equivalent, while its imports are $31.8bn, so the net surplus is $1.6bn. The official communiqué referred to “levelling up trade, investment and financial cooperation”. We know that China is keen to internationalise its markets, which is what investment and financial cooperation is about. The international section of the Shanghai Gold Exchange will be used by Saudi Arabia for its yuan to gold transactions. It is therefore likely that some of China’s purchase of nearly 300 tonnes in recent weeks will be to provide liquidity to backstop this market. With regard to prospects for next year’s gold price, it should be noted that the major factor will be the fate of the dollar. It appears likely that dollar oil prices will increase in the coming months, while foreign holders of dollars will continue to reduce their dollar exposure, which in the year to October declined by $3.8 trillion.

But a rising interest rate trend leading to falling financial asset values and the petroyuan replacing the petrodollar, events could coalesce into a perfect storm for the dollar. This is not how conventional analysts look at the gold price. They would argue that higher interest rates, if they occur, will drive gold lower. But that is an argument that denies the role of gold as money. Tell that to President Putin, who by cornering global hydrocarbon supplies probably has a greater influence on the dollar’s future than the US Treasury and the Fed combined.

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Still amazed at the strength of the USD in the face of so much opposition.

USD Exchange Rates Hit Foreign Exchange Reserves (WS)

The last three years were complicated for the dominant reserve currency. At first there was the Fed’s $5-trillion money-printing orgy and interest-rate repression. Then there was raging inflation, which the Fed brushed off as “transitory.” Through this period, the dollar fell against other currencies. But then the Fed got religion and began to tighten: since March 2022, it has hiked rates by 425 basis points, accompanied over the past six months by $414 billion in QT so far. As a result, the dollar bounced off and shot higher against other currencies, particularly the euro and the yen – the #2 and #3 reserve currencies.

At the end of Q3, the share of US-dollar-denominated foreign exchange reserves rose to 59.8%, the third quarter in a row of increases, and the highest since Q3 2020, according to the IMF’s new COFER data on reserve currencies. Since the end of 2021, the share of the dollar rose by nearly 1 percentage point. But this increase came off a 26-year low at the end of 2021. Note that this does not include the dollar-denominated assets on the Fed’s balance sheet, but only dollar-denominated assets held by foreign central banks and foreign official institutions.

[..] The euro is the second largest reserve currency. The Eurozone encompasses 19 countries with a population of 340 million people. Over two decades ago, when the euro was being promoted to Europeans, they often talked about “parity” of the euro with the dollar on all levels: as global reserve currency, as trading currency, and as financing currency. This reserve currency parity made progress until the Euro Debt Crisis brought to light the euro’s structural weakness. And that put an end to this parity talk. Since then, the euro has had a share of about 20% of global reserve currencies (in Q3, 19.7%), about as large as all also-rans combined. But it was far below the dollar (black line, red dots in the chart below).

The yen (purple line at the top of the colorful spaghetti at the bottom in the chart) had a share of 5.3%. It became the #3 reserve currency in 2018, when its share surpassed that of the British pound. The British pound, the #4 reserve currency, had a share of 4.6% (blue line just under the yen in the spaghetti). The Chinese renminbi, the #5 reserve currency, dipped to a share of 2.8% in Q3 — only 2.8%, despite the huge size and global interconnection of China’s economy!

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“..the designed irrelevance of the European Union.”

My Prediction On What 2023 Will Bring (Varoufakis)

This will be the year that Europeans realize the designed irrelevance of the European Union. The quagmire in Ukraine’s killing fields will bring on the realization of the need for a diplomatic process to end the war, but also the realization that the EU is radically incapable of playing any significant role in it. Who will represent Europe in these talks? The EU’s eastern and Nordic governments trust neither Paris nor Berlin – without whom, however, there can be no EU role.


On the economic front, the German mercantilist economic model will remain broken even as inflation abates – with dire repercussions for a eurozone still reliant on German surpluses. Europe’s deepening economic and geopolitical woes will, naturally, reinforce America’s hegemony and, with it, exacerbate its chosen policy of escalating a new cold war with China. Caught up in all this, humanity will be spending another year not investing in the green transition on which our species’ future hinges.

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Competing with the BRI is just a weird pipe dream. They wanted to do it in a year. China’s been building it for many years.

1 Year On, EU Alternative To China’s Belt And Road Fails To Deliver (SCMP)

In December 2021, European Commission President Ursula von der Leyen stood on a Brussels podium and confidently announced that the European Union’s new infrastructure drive would be a “true alternative” to China’s Belt and Road Initiative. “We are able to do that. Countries made their experience with the Chinese investments. They need better and different offers,” she said of Global Gateway, a spending drive that promised to mobilise up to €300 billion (US$318 billion) by 2027 for modern infrastructure projects outside the EU. With some blowback forming towards China’s trillion-dollar plan to connect China with the rest of the world after high-profile allegations of “debt-trap diplomacy”, both Europe and the United States were positioning to offer a different model, grounded in democratic norms, transparency of funding, and with sustainable objectives.

But one year on, observers are growing increasingly sceptical about von der Leyen’s claims. So far, Global Gateway has delivered plenty of hype, but little in terms of concrete projects, while confusion reigns in Brussels and beyond about what the initiative actually is. At a hearing in the European Parliament last month, lawmakers pressed officials for details, only to learn that none of the €300 billion would be “new”. “Global Gateway does not bring new financial means – there is no additional money when it comes to the EU level,” said Vincent Grimaud, an acting director in the commission’s department for international partnerships. The statement sparked incredulity from members of the parliament. “There’s no new money. And I’ve always held the view that if there’s no new money, there’s no new policy,” said Barry Andrews, an Irish lawmaker with the centrist Renew group.

“This is a communications exercise. It’s a strategy to put together what was already going to happen and present it as something new. And if our partners are tricked by this, then more fool them.” Hildegard Bentele, a German member from the centre-right European People’s Party, said she had been trying to find German companies who are “part of this adventure”, but had failed to locate any. “If I talk to journalists, journalists are asking me what are these Global Gateway projects? If I go on the website of the European Commission, I do not find it – this is really difficult,” she said. The commission’s efforts to promote the initiative have added to the bemusement. A recent gala event held in the metaverse to explain the Global Gateway concept to 18-35 year olds was lampooned online after just a handful of users logged on – despite the EU forking out €387,000 (US$410,000) to host it.

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“..the utter failure of the “green energy shift” in the face of real-world tests..”

TVA=Tennessee Valley Authority.

New Year, New Things (Denninger)

So it is January 1st, 2023. Those reading this made it there. That’s good, I think. With that said here’s some “news” on The Ticker itself and my intentions going forward as to focus. You can take it for whatever you think its worth, but this, from my perspective, is the right way to look at things in the world. Of course there is room for plenty of other opinions all over the ‘net and so-called “traditional media” too, so it is what it is. If you remember a big shift occurred during the second Trump impeachment coverage, which I was doing on a daily basis, including most days a podcast. That of course was Covid, which showed up right on the tail end of that. That chapter has run in America and even the “mainstream media” is reporting that (like it or not, politicians) running stories about, for example, Atlantic City and its prospects forward – – and that they’re now returning to their regularly-scheduled debate (like, for instance, can you smoke in a casino?)

We’ve got plenty to talk about, such as, for instance, the utter failure of the “green energy shift” in the face of real-world tests. In a just world people would already be in irons and headed for prison; TVA, for example, was only able to produce 68% of its claimed capacity when all of it was required. WPLN tries to blame this on “natural gas being the bet” but in fact the reality of it is that TVA has shut down what was plenty of coal capacity and they did it on purpose over the space of years without replacing that with known reliable generation. In the summer the peak of demand tends to mostly-track with when the sun is up because its hottest and, while the peak shifts a bit off noon its not at 3:00 AM. In winter it is every time; its coldest when there’s no sun at all and thus the solar generation capacity is always zero at the times of peak demand in winter.

Thus any solar you put in must be counted as zero in the winter months when things get nasty, because it will either be snowing, icing (both of which wildly cut solar cell output) or at 3:00 AM when there’s no solar radiation available at all. Wind has similar issues; you can fit windmills with heating systems but obviously they require energy and they have both a lower and upper wind limit where they either produce nothing of value or must be intentionally shut down to avoid destruction. Thus you can’t count them as anything other than zero in the winter because you can’t count something that is less than 100% available, with proper maintenance and such, as “there.” We also know that in the face of such nasty weather EVs are worthless too. They’re nice secondary vehicles, basically, but when you must be able to rely on them they’re just not up to the job. People are figuring this out and that will continue; in short how you were sold these cars and light trucks was a lie and worse, the people selling them knew all that as they did the engineering on them.

Read more …

 

 

 

 

 

 

Richard Fleming

 

 

 

 

Bernardi WEF

 

 

 

 

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Dec 112020
 


Pierre Bonnard Nude in an Interior c1935

 

“We Hadn’t Really Thought Through the Economic Impacts” – Melinda Gates (AIER)
Coronavirus Fact-Check #9: Is The Vaccine Safe? (OffG)
Sidney Powell Plans to Appeal Dismissal of Arizona Election Lawsuit (ET)
Judge Gives Benson OK To Intervene Antrim County Election Case (DN)
AG Barr Concealed Hunter Biden Probes From Public During Election (ZH)
Sen. Grassley Blasts MSM Over Hunter Biden Hypocrisy (ZH)
Sen. Cotton: Circumstances Warrant Special Counsel To Probe Hunter Biden (JTN)
Biden Taps Susan Rice For Top White House Domestic Policy Job (Pol.)
Is the Media Burying The Swalwell Story? (Turley)
Investigators Delve Into Suspected Chinese Spy Ties With Swalwell Staff (JTN)
Dianne Feinstein ‘Seriously Struggling’ With Cognitive Decline (NYP)
Sexual Misconduct Shakes FBI’s Senior Ranks (AP)
The “Great Reset” and Plans for a Global War on Savings (Lacalle)
Greece Is Setting Itself Up For Another Financial Crisis (Mises)
US Hits Search & Destroy Against The New Silk Roads (Escobar)
Australia Sabotaged Its Own Interests in China Relations (CN)

 

 

 

 

Jim Jordan

 

 

“..communities faced with epidemics or other adverse events respond best and with the least anxiety when the normal social functioning of the community is least disrupted.”

“We Hadn’t Really Thought Through the Economic Impacts” ~ Melinda Gates (AIER)

In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement: “What did surprise us is we hadn’t really thought through the economic impacts.” A cynic might observe that one is disinclined to think much about matters than do not affect one personally. It’s a maddening statement, to be sure, as if “economics” is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused. She is somehow under the impression that it is the pandemic and not the lockdowns that are the cause of the economic devastation that includes perhaps 30% of restaurants going under, among many other terrible effects.

She doesn’t say that outright but, like many articles in the mainstream press over this year, she very carefully crafts her words to avoid the crucial subject of lockdowns as the primary cause of economic disaster. It’s possible that she actually believes this virus is what tanked the world economy on its own but that is a completely unsustainable proposition. Further, her comments provide a perfect illustration of the core problem all along: most of the people who have been advocating lockdowns in fact have no actual experience in managing pandemics. To many of these, Covid-19 became their new playground to try out an unprecedented experiment in social and economic management: shutting down travel, businesses, schools, churches, and issuing stay-at-home orders that smack of totalitarian impositions. Here is what she says:

“You can project out and think about what a pandemic might be like or look like, but until you live through it, it’s pretty hard to know what the reality will be like. So I think we predicted quite well that, depending on what the disease was, it could spread very, very, very quickly. The spread did not surprise us. What did surprise us is we hadn’t really thought through the economic impacts. What happens when you have a pandemic that’s running rampant in populations all over the world? The fact that we would all be home, and working from home if we were lucky enough to do that. That was a piece that I think we hadn’t really prepared for.”

There are plenty of specialists who have lived through pandemics in the past and managed them by maintaining essential social and economic functioning. A major case in point is Donald A. Henderson, who as head of the World Health Organization is given primary credit for the eradication of smallpox. He wrote as follows in 2006: “Experience has shown that communities faced with epidemics or other adverse events respond best and with the least anxiety when the normal social functioning of the community is least disrupted. Strong political and public health leadership to provide reassurance and to ensure that needed medical care services are provided are critical elements. If either is seen to be less than optimal, a manageable epidemic could move toward catastrophe.”

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Pfizer (and the producers of other vaccines), are immune from civil liability.

Coronavirus Fact-Check #9: Is The Vaccine Safe? (OffG)

There are dozens of articles all over the mainstream reassuring us that the brand new Sars-Cov-2 vaccine is safe. In the UK the vaccine rolled out is being hailed as “V Day”, in a shameless attempt to draw a parallel with World War II. Matt Hancock went on Good Morning Britain and attempted to “cry”. On the other side of that coin, many experts in the field have vociferously called for all vaccine trials to be put on halt, some medical researchers are questioning the data and others counsel people to refuse the vaccine under any and all circumstances. So – is the vaccine safe? The only rational answer is “we don’t know”. It’s certainly true some people who have received it have experienced unexpected side effects.

It was recently revealed that 4 people involved in the US-based trial suffered partial facial paralysis. In the UK, two NHS staff who have received the vaccine suffered allergic anaphylactoid reactions, as a result the NHS is now not recommending the vaccine for anyone who “suffers from allergies”. They don’t know what caused the reaction, and as far as we know so far, the people involved were not allergic to anything in the vaccine. It seems it’s not about being allergic to the vaccine, so much as the vaccine potentially causing problems for anyone with a sensitive or dysfunctional immune system. It’s essentially recommended that no one who is allergic to anything, ie. other food or medication, should have the jab. We’ve already had “explainers” appearing the media, saying vaccine allergic reactions are “rare and shortlived”.

To be clear, as of December 10th, the vaccine either has never been tested on, or is not recommended for:
• People under sixteen years of age.
• Pregnant women (or women intending to become pregnant in the near future).
• People with serious co-morbidities.
• People already taking other medications.
• People who have allergies.
So the official line already cedes that the vaccine may be harmful to some or all of those people.

Even on the fully-grown and totally healthy adults it was tested on, obviously, there has not been enough time to do any kind of long term studies on possible side-effects or complications It usually takes 5-10 years to fully develop and test a vaccine, where as this has been rushed out in less than 10 months. On top of that, of course, we have the fact all the vaccine producers have campaigned for – and won – total legal immunity in the UK, US and other nations around the world. In the event the vaccine does cause harm, Pfizer (and the producers of other vaccines), are immune from civil liability. Which means that, just like us, the producers themselves are well-aware the new vaccines might not be safe, and don’t want a repeat of 2009, when a rushed-out flu vaccine resulted in children suffering life-long complications and receiving millions in damages. In the final analysis, you have to ask yourself a simple question: Do you feel safer taking an untested vaccine, or risking getting a virus with a survival rate of over 99%?

Rob Swanda

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Let the dice roll. If they come up zero, so be it. But let them roll.

Sidney Powell Plans to Appeal Dismissal of Arizona Election Lawsuit (ET)

The legal team led by attorney Sidney Powell plans to appeal the dismissal of an Arizona election lawsuit by an Obama-appointed federal judge on Dec. 9. Powell’s Arizona co-counsel Alex Kolodin told The Epoch Times in an interview that his team plans to fast-track the case to the Supreme Court and will file a petition for appeal in the coming days. The Arizona case, filed on Dec. 2 by former federal prosecutor Powell on behalf of the state’s 11 Republican electors and others, alleged that manipulation of election software and other fraud in the state resulted in violations of the U.S. Constitution and state election laws. The lawsuit also claimed that more than 412,000 votes were cast illegally in the state’s 2020 general election.

Arizona Secretary of State Katie Hobbs and Gov. Doug Ducey were named as defendants in the case, which highlighted what it said was an “especially egregious range of conduct” in Arizona’s Maricopa County, and other counties using Dominion Systems. The lawsuit alleges that Dominion Voting Systems violated election laws by having their machines connected to the internet. The case is supported by a redacted affidavit from a former electronic intelligence analyst, alleging that the voting system software was accessed by agents from China and Iran. Powell’s team also filed a temporary restraining order seeking to immediately block Ducey from delivering the certified election results to the Electoral College while the court hears the case. Arizona certified its presidential election results on Nov. 30.

Judge Diane Humetewa threw out the lawsuit on Dec. 9, saying that its allegations “are sorely wanting of relevant or reliable evidence” and that it sought extraordinary relief. “If granted, millions of Arizonans who exercised their individual right to vote in the 2020 General Election would be utterly disenfranchised,” Humetewa wrote. In dismissing Powell’s case, Humetewa said the lawsuit doesn’t contain a “plausible” allegation that Dominion Voting Systems voting machines were hacked in the state during the Nov. 3 election, however, she described the team’s allegations of fraud as “conceivable.” The proposed Trump electors “have not moved the needle for their fraud theory from conceivable to plausible,” the federal judge said. Kolodin told The Epoch Times that the chairwoman of the Arizona Republican Party granted his team approval to appeal the case to the Supreme Court, and that they plan to soon file a petition for a writ of certiorari asking for the case to be heard.

A petition for a writ of certiorari is a document that a losing party files with the Supreme Court asking it to review the lower court’s decision on its merits. The provision would request from the Supreme Court an emergency transfer and would allow the case to be heard without waiting for a decision from the U.S. Courts of Appeals. The Supreme Court is usually not under any obligation to hear such cases unless the case could have national significance, might harmonize conflicting decisions in the federal Circuit courts, or could have precedential value. “I thought she [Humetewa] took the case very seriously. She treated it very professionally, and she was very fair, but I disagree with her decision,” Kolodin said. “My clients disagree with her decision, and we’ve always known that this will ultimately be decided in the U.S. Supreme Court.”

Greg Kelly

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From a local perspective.

Judge Gives Benson OK To Intervene Antrim County Election Case (DN)

A Northern Michigan judge granted Secretary of State Jocelyn Benson permission to intervene in a case questioning results in Antrim County and the security of tabulators used there on Nov. 3. Judge Kevin Elsenheimer ruled Thursday that Attorney General Dana Nessel’s office could intervene on behalf of Benson, who had argued she had supervisory control over the Antrim County clerk, had an interest in any audit discussions the case may raise and was party to the county’s contract with Dominion Voting Systems. The Secretary of State’s office is concerned particularly with forensic imaging performed on Antrim County’s 22 Dominion tabulators earlier this week by a Village of Central Lake resident and Allied Security Operations Group, said Assistant Attorney General Heather Meingast.

“We’d like to know more about what was obtained, what the intent is for the use of the images obtained,” Meingast said, noting the disclosure of some elements of the tabulators could compromise their security in future elections. Elsenheimer, a Republican former lawmaker and member of former Gov. Rick Snyder’s administration, granted Meingast’s request but warned the case would proceed in haste. “I intend to move this matter quickly, aggressively,” Elsenheimer said. Benson shouldn’t be allowed to intervene because she had missed the opportunity to do so earlier and did not have direct involvement in local elections, said Matthew DePerno, a lawyer for Antrim County resident William Bailey. In fact, a state Court of Claims judge earlier this month dismissed a case against Benson on those grounds, DePerno said.

“The court concluded there was no relief to be granted because elections are local and run by local officials,” he said. DePerno said the investigation is ongoing and data are being reviewed. But based on what had been reviewed so far, Bailey would move to decertify the Antrim County certification and push the issue to the GOP-led Legislature, he said. “We think there are serious issues, and we’re preparing right now a motion to seek relief from the court from the protective order,” DePerno said. Elsenheimer last week granted Bailey’s request to take take forensic images of 22 tabulators and review those along with flash drives, software and a “master tabulator” that the county said does not exist. Bailey and members of the Allied Securities Operation Group spent about eight hours on Sunday at county offices obtaining the material.

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Money laundering is a serious crime.

AG Barr Concealed Hunter Biden Probes From Public During Election (ZH)

Attorney General William Barr knew about several investigations into Hunter Biden since at least this spring – and “worked to avoid their public disclosure during the heated election campaign,” according to the Wall Street Journal. According to ‘a person familiar with the matter,’ Barr “staved off pressure from Republicans in Congress for information into the investigations,” while President Trump and his allies pressured Barr into pursuing Joe and Hunter Biden. This week, Hunter Biden revealed the existence of one of the investigations after federal investigators served him with a subpoena seeking detailed financial information in connection with a criminal tax investigation by the Delaware US attorney’s office. The next day, CNN and Politico confirmed that the probe was wider than that, and covered potential money laundering and bribery in probes that date back to 2018, according to ‘people familiar with the matter.’ According to the report, none of the investigations implicate Joe Biden.

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“It shouldn’t take subpoenas and confirmation from Hunter Biden himself to get the rest of the press to pay attention.”

Sen. Grassley Blasts MSM Over Hunter Biden Hypocrisy (ZH)

Chuck Grassley is one pissed off Senator. After the Iowa Republican and Sen. Ron Johnson (R-WI) produced a long-awaited Senate report which concluded that Hunter Biden’s financial dealings with Ukrainian, Chinese and Russian businesses created “criminal financial, counterintelligence and extortion concerns” concerning everything from sex-trafficking to bribery – the MSM panned it as a partisan attack on a presidential candidate’s son. Now that Hunter has admitted he’s under investigation for tax fraud (and, as Politico and CNN have added, money laundering and accepting bribes), Grassley is having the last laugh. In Thursday remarks on the Senate Floor, Grassley blasted the media after months of covering for the Bidens.


“For over a year, Senator Johnson and I investigated the Biden financial family dealings,” said Grassley, adding “We found that they engaged in potential criminal financial deals across the globe, including China, which created counterintelligence concerns.” Grassley then turned his attention to the MSM, saying “Those same liberal outlets that disparaged our investigation now report that Hunter Biden’s financial deals in China raise counterintelligence concerns.” He went on to say that the media should have been covering concerns raised by Republicans instead of covering them up. “So you can understand why I think it’s very outrageous that the fourth estate would choose to ignore facts when they are uncovered by Republicans,” Grassley continued. “It shouldn’t take subpoenas and confirmation from Hunter Biden himself to get the rest of the press to pay attention.”

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Would have to happen within 5 weeks or so. Just like the Special Counsel for election irregularities. Not sure I can see Barr comply.

Sen. Cotton: Circumstances Warrant Special Counsel To Probe Hunter Biden (JTN)

Sen. Tom Cotton indicated during an interview Thursday on Fox News that he believes circumstances warrant a special counsel to investigate issues pertaining to Joe Biden’s son Hunter. Hunter Biden issued a statement Wednesday which noted that the U.S. attorney’s office in Delaware is looking into his “tax affairs.” “I learned yesterday for the first time that the U.S. attorney’s office in Delaware advised my legal counsel, also yesterday, that they are investigating my tax affairs,” the statement said. “I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors.”

“I know the Biden campaign released details of a tax fraud investigation in Wilmington,” said Cotton during the Fox News interview. “I think that was just to show maybe the least damaging part of the investigation.” “There’s allegations of securities fraud and money laundering related to Hunter Biden’s Chinese businesses, a crooked hospital deal with Jim Biden, Joe Biden’s brother, out in western Pennsylvania. These investigations span multiple jurisdictions,” Cotton said, remarking that in the event that Joe Biden becomes the nation’s next president, “those prosecutors are in line to be fired next month. If there were ever circumstances that create a conflict of interest and called for a special counsel, I think those circumstances are present here.”

The Arkansas Republican said that the Biden family has leveraged Joe Biden’s government posts for their benefit in the past and would continue to do so if Biden serves as president. “Look, the Biden family has been trading on Joe Biden’s public office for 50 years. Valerie Biden Owens, his sister, and Jim Biden, his brother, and Hunter Biden his son,” he said. “Do we really think that that will change if Joe Biden becomes president, the highest office in the land?”

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Predictable and terrible. She should be under investigation for Russiagate, not occupy some top job.

Biden Taps Susan Rice For Top White House Domestic Policy Job (Pol.)

President-elect Joe Biden has tapped Barack Obama’s former national security adviser Susan Rice to run the White House Domestic Policy Council, according to people familiar with the decision.Rice, who also served as the U.S. ambassador to the United Nations, was vetted to serve as Biden’s vice president and was a contender to be secretary of State, a position that went to Antony Blinken. Democrats had concerns about Rice’s ability to get confirmed in a Republican-controlled Senate, and the director of the Domestic Policy Council is not a Senate-confirmed position. The Biden team had been looking to find a high-profile role for Rice, but the top domestic policy job comes as a surprise given her expertise and experience in foreign policy.

[..] In her position, Rice, 56, will play a large role in implementing Biden’s Build Back Better agenda, a wide-ranging set of policy proposals that would invest trillions of dollars in American infrastructure and manufacturing, clean energy, caregiving, education and racial equity.A person familiar with Biden’s thinking said he chose Rice for the role because of her deep experience in crisis management and interagency processes. The person said Biden does not see foreign, economic and diplomatic realms as separate and discrete and her deep knowledge of how the federal government works will be an asset to implementing his domestic policy agenda.

Biden officially announced Rice’s appointment Thursday morning, along with his nominations of Marcia Fudge to run the Department of Housing and Urban Development, Tom Vilsack as Agriculture secretary, Katherine Tai as U.S. trade representative and Denis McDonough as secretary of Veterans Affairs. “The roles they will take on are where the rubber meets the road — where competent and crisis-tested governance can make a meaningful difference in people’s lives, enhancing the dignity, equity, security, and prosperity of the day-to-day lives of Americans,” Biden said in a statement. Rice’s decision to take the domestic policy job also signals that she still harbors political ambitions. She floated the possibility of running for Senate in Maine against Susan Collins and was a finalist to serve as Biden’s running mate.

The top domestic policy job will fill out her foreign policy-heavy resume. Though Rice’s job does not require Senate confirmation, the Biden administration will need the support of Republicans to implement its far-reaching domestic policy agenda. Rice, however, has long been the target of the GOP because of he comments after the attack on a U.S. diplomatic facility in Benghazi and unmasking requests related to Donald Trump’s 2016 campaign and foreign interference. Rice has never been charged with doing anything improper, but she has been the subject of withering criticism from Republicans, which could complicate the administration’s efforts to pass policies in Congress.

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The media has buried so many stories this year, who would notice another one?

Is the Media Burying The Swalwell Story? (Turley)

We often discuss media coverage and accuracy on developing legal and political controversies. Much of this discussion recently has focused on the bias shown by the media in the last four years. I have worked for the media as a legal analyst and columnist for years, but I have never before seen this raw and open bias in major media. At the same time, academics are rejecting the very concept of objectivity in journalism in favor of open advocacy. This morning, Fox News called out all of the networks for zero coverage of the bombshell story from Axios that Rep. Eric Swalwell may have had a close relationship with a suspected Chinese spy who fled to China a few years ago. Many of us were struck by the lack of coverage, particularly given the position of Swalwell on the House Intelligence Committee and his former bid for the presidency.

It was particularly striking when the media is now reluctantly covering the Hunter Biden story after a long blackout before the election. Yet, the most stark comparison is with the exhaustive coverage given the highly analogous story involving an alleged spy, Maria Butina, who had an affair with a high-ranking figure in the National Rifle Association. Swalwell is alleged to have had a close relationship with Chinese national, Fang Fang or Christine Fang, who not only raised money for him but placed at least one intern in Swalwell’s congressional office, according to Axios. Bizarrely, Swalwell has refused to confirm or deny that he had an intimate relationship with his office claiming that such an answer could compromise classified information. Even that ridiculous comment did not prompt ABC, NBC, or CBS to cover the story.

Obviously, Fang and the Chinese already know if she had a sexual relationship with Swalwell. The only people in the dark are the voters. Swalwell himself explained why this is news. The congressman was one of the most vocal voices calling out a June 2016 meeting that President Trump’s son, Donald Trump Jr., with Natalia Veselnitskaya, who was accused of being an asset for the Russian government. Swalwell declared on MSNBC in January 2019: “Stated plainly, the President’s son met with a Russian spy. We now have the best evidence of that in our minority report the Democrats put out that Ms. Veselnitskaya was going all over the world and bumping into Dana Rohrabacher, which is a sign of a spy, someone who tries to create a coincidence encounter, and now we know that she was working at the behest of the Russian government.”

Not even the utter hypocrisy of Swalwell’s position or the lunacy of his classification claim was enough to generate minimal coverage. There is also no interest in Swalwell remaining on the intelligence committee given his ill-considered relationship.

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He’s still on the House Intelligence Committee.

Investigators Delve Into Suspected Chinese Spy Ties With Swalwell Staff (JTN)

The investigation into suspected Chinese spy Christine Fang’s relationship with Democrat Rep. Eric Swalwell included monitoring her activities with others in the California congressman’s office, according to security authorities. “There were concerns about who else in his office she was close to,” one intelligence official told Just the News. “Who could give her information or help her achieve her goals?” These concerns applied overall to people who worked for Fang’s suspected targets, the official said. “These were deeply cast nets,” the official said. The woman, also known as Fang Fang, reportedly infiltrated the inner circles of several U.S. politicians, mainly targeting those based in California. She is believed to have worked for years under a Communist Chinese spy boss in California, and also to have managed her own line of sub-agents, the official confirmed.


“There was considerable interest in learning who those agents were, and where they worked,” the official said. Swalwell would be a prime target for foreign spies because he sits on the House Intelligence Committee — where he remains so far — despite the recent revelations about his dealings with Fang. According to a report from Axios, Fang began her relationship with Swalwell early in his political career, while he was a city council member in Dublin, California. She helped raise funds for him, and came to know his family members in some capacity. In 2015, Fang fled the U.S. while the FBI was investigating her overall activities. Although Fang has not been charged with espionage, her behavior fits a suspicious pattern, according to one expert. “Christine Fang has left the U.S.,” said author Gordon Chang, who has studied China extensively. “She apparently left abruptly, which is an indication that she was working with Chinese intelligence.”

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Set term limit, set age-limit. Easy.

Dianne Feinstein ‘Seriously Struggling’ With Cognitive Decline (NYP)

Sen. Dianne Feinstein, the oldest member of the Senate at age 87 and the most senior Democrat on its powerful Judiciary Committee, is “seriously struggling” with cognitive decline, a new report says. People familiar with the California lawmaker’s situation told the New Yorker on Wednesday that Feinstein’s short-term memory has grown so poor that she “often forgets she has been briefed on a topic, accusing her staff of failing to do so just after they have.” Senate Minority Leader Chuck Schumer (D-NY) has had several “painful” discussions with Feinstein about stepping aside, but the octogenarian reportedly soon forgets about their talks, forcing Schumer to confront her again, one source said. “It was like Groundhog Day, but with the pain fresh each time,” the source said.


Overtures were also reportedly made to Feinstein’s billionaire husband, Richard C. Blum. Grumblings over Feinstein’s performance have grown increasingly loud, leading to her decision to step down last month as ranking member of the elite Judiciary Committee. Pundits were unhappy with Feinstein’s handling of the confirmation of President Trump’s most recent Supreme Court nominee, Amy Coney Barrett. The lawmaker bungled several questions and then caused a furor when she concluded Barrett’s hearings by hugging Judiciary Committee Chairman Lindsey Graham (R-SC) and praising him for “one of the best set of hearings that I have participated in.” Schumer was reportedly so concerned about Feinstein’s performance that he “installed a trusted former aide, Max Young, to ’embed’ in the Judiciary Committee to make sure the hearings didn’t go off the rails,” the New Yorker reported.

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Inevitable when no-one can investigate the investigators.

Sexual Misconduct Shakes FBI’s Senior Ranks (AP)

An assistant FBI director retired after he was accused of drunkenly groping a female subordinate in a stairwell. Another senior FBI official left after he was found to have sexually harassed eight employees. Yet another high-ranking FBI agent retired after he was accused of blackmailing a young employee into sexual encounters. An Associated Press investigation has identified at least six sexual misconduct allegations involving senior FBI officials over the past five years, including two new claims brought this week by women who say they were sexually assaulted by ranking agents. Each of the accused FBI officials appears to have avoided discipline, the AP found, and several were quietly transferred or retired, keeping their full pensions and benefits even when probes substantiated the sexual misconduct claims against them.

Beyond that, federal law enforcement officials are afforded anonymity even after the disciplinary process runs its course, allowing them to land on their feet in the private sector or even remain in law enforcement. “They’re sweeping it under the rug,” said a former FBI analyst who alleges in a new federal lawsuit that a supervisory special agent licked her face and groped her at a colleague’s farewell party in 2017. She ended up leaving the FBI and has been diagnosed with post-traumatic stress disorder. “As the premier law enforcement organization that the FBI holds itself out to be, it’s very disheartening when they allow people they know are criminals to retire and pursue careers in law enforcement-related fields,” said the woman, who asked to be identified in this story only by her first name, Becky.

The AP’s count does not include the growing number of high-level FBI supervisors who have failed to report romantic relationships with subordinates in recent years — a pattern that has alarmed investigators with the Office of Inspector General and raised questions about bureau policy. The recurring sexual misconduct has drawn the attention of Congress and advocacy groups, which have called for whistleblower protections for rank-and-file FBI employees and for an outside entity to review the bureau’s disciplinary cases. “They need a #MeToo moment,” said U.S. Rep. Jackie Speier, a California Democrat who has been critical of the treatment of women in the male-dominated FBI. “It’s repugnant, and it underscores the fact that the FBI and many of our institutions are still good ol’-boy networks,” Speier said. “It doesn’t surprise me that, in terms of sexual assault and sexual harassment, they are still in the Dark Ages.”

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“Only three words spoil the entire positive message: “directing the market.”

The “Great Reset” and Plans for a Global War on Savings (Lacalle)

Global debt is expected to soar to a record $277 trillion by the end of the year, according to the Institute of International Finance. Developed markets’ total debt—government, corporate, and households—jumped to 432 percent of GDP in the third quarter. Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP. Most of this massive increase of $15 trillion in one year comes from government and corporates’ response to the pandemic. However, we must remember that the total debt figure had already reached record highs in 2019, before any pandemic and in a period of growth. The main problem is that most of this debt is unproductive debt.

Governments are using the unprecedented fiscal space to perpetuate bloated current spending, which generates no real economic return, so the likely outcome is that debt will continue to rise after the pandemic crisis is ended and that the level of growth and productivity achieved will not be enough to reduce the financial burden on public accounts. In this context, the World Economic Forum has presented a roadmap for what has been called “the Great Reset.” It is a plan that aims to take the current opportunity to “to shape an economic recovery and the future direction of global relations, economies, and priorities.” According to the World Economic Forum, the world must also adapt to the current reality by “directing the market to fairer results, ensur[ing] investments are aimed at mutual progress including accelerating ecologically friendly investments, and [starting] a fourth industrial revolution, creating digital economic and public infrastructure.”

These objectives are obviously shared by all of us, and the reality shows that the private sector is already implementing these ideas, as we see technology, renewable investments, and sustainability plans thriving all over the world. We are witnessing in real time the proof that businesses adapt rapidly and provide better goods and services at affordable prices for everyone achieving a level of progress in environmental targets and welfare that would be unthinkable if governments were in charge. This crisis shows that the world has escaped the risk of scarcity and hyperinflation thanks to a private sector that has surpassed all expectations in a seemingly unsurmountable crisis.

The overall message of the World Economic Forum sounds promising. Only three words spoil the entire positive message: “directing the market.” The risk of governments taking these ideas to promote massive interventionism is not small. The idea of the Great Reset has been quickly embraced by the most bureaucratic and government-intervened economies as a validation of rising government implication in the economy. However, this is incorrect.

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“The OECD has estimated that the unemployment rate will reach roughly 20 percent by the end of the year.”

Greece Is Setting Itself Up For Another Financial Crisis (Mises)

The Greek economy shrunk by a record 14 percent in the second quarter of 2020 while at the same time government efforts to ‘’cure’’ the economy have set the country on the road to cross the 200 percent debt-to-GDP ratio as the IMF forecasts. In the meantime, government budget deficits have reached new heights (around 7 percent). The Greek government tried to combat the economic downturn with a loose fiscal and monetary policy (through the European Central Bank). The initial aim was to support pretty much everyone from the public and private sector for the bad months of the covid-19 lockdown and hope for economic recovery when the summer arrived, with the tourist industry saving the day. It soon became evident, however, that this was wishful thinking.


People from the tourist industry admitted that it could take years for the industry to recover its past numbers. The situation looked even worse once people realized how dependent the whole economy is on tourism: it accounts for 20 percent of GDP and provides 22 percent of all employment in Greece. Furthermore, the Greek government’s solutions, like those of most of the other governments in Europe, were primarily demand-side policies. As I predicted in one of my past articles, these measures could only provide short-run relief, only postponing the pain until later. The unemployment rate saw a 1.2 percent increase from March to April, of 1.3 percent from April to May, and it saw a minor decrease during the summer tourist period. The OECD has estimated that the unemployment rate will reach roughly 20 percent by the end of the year.

The ECB’s balance sheet had a massive increase from 39 percent of the GDP to 54 percent during the summer. In comparison the Fed’s balance sheet is around 32 percent of GDP. The injections of liquidity via the ECB have effectively zombified a considerable number of companies in the EU, with corporate debts reaching new highs. In the case of Greece, the government has exploited its new, EU-sanctioned fiscal leeway, which has allowed it to perpetuate structural problems in its economy along with large deficits. During the tourist season, the costs were so high that a considerable segment of the tourist industry decided to not even work this summer since they would lose less money this way.


[..] People need to understand that when you have an economy with weak productivity that’s highly indebted, shutting down the economy two times in one year has repercussions that will be here to stay for years depending on the recovery policies. The economy needs major structural reforms. Labor laws need to be liberalized. Budget surpluses are indeed the correct goal, especially now, to avoid another debt crisis, but the surpluses need to come from cuts made in the public sector. Tax cuts need to become permanent and even bigger for the economy to grow and expand. Last but not least, making foreign and domestic investments easier, less expensive, and minimizing the potential risk is a matter of utmost urgency, since Greece is being outcompeted by neighboring countries.

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Isn’t China merely replacing predatory IMF behavior with predatory Beijing behavior?

US Hits Search & Destroy Against The New Silk Roads (Escobar)

Seven years after being launched by President Xi Jinping, first in Astana and then in Jakarta, the New Silk Roads, or Belt and Road Initiative (BRI) increasingly drive the American plutocratic oligarchy completely nuts. The relentless paranoia about the Chinese “threat” has much to do with the exit ramp offered by Beijing to a Global South permanently indebted to IMF/World Bank exploitation. In the old order, politico-military elites were routinely bribed in exchange for unfettered corporate access to their nations’ resources, coupled with go-go privatization schemes and outright austerity (“structural adjustment”). This went on for decades until BRI became the new game in town in terms of infrastructure building – offering an alternative to the imperial footprint.

The Chinese model allows all manner of parallel taxes, sales, rents, leases – and profits. This means extra sources of income for host governments – with an important corollary: freedom from the hardcore neoliberal diktats of IMF/World Bank. This is what is at the heart of the notorious Chinese “win-win”. Moreover, BRI’s overall strategic focus on infrastructure development not only across Eurasia but also Africa encompasses a major geopolitical game-changer. BRI is positioning vast swathes of the Global South to become completely independent from the Western-imposed debt trap. For scores of nations, this is a matter of national interest. In this sense BRI should be regarded as the ultimate post-colonialist mechanism.

BRI in fact bristles with Sun Tzu simplicity applied to geoeconomics. Never interrupt the enemy when he’s making a mistake – in this case enslaving the Global South via perpetual debt. Then use his own weapons – in this case financial “help” – to destabilize his preeminence.

Read more …

Five Eyes only?

Australia Sabotaged Its Own Interests in China Relations (CN)

The address to Federal Parliament by Chinese President Xi Jinping on Nov. 17, 2014, marked a highwater mark in bilateral relations. Xi was in Australia for the G-20 summit in Brisbane hosted by Prime Minister Tony Abbott. His theme was that China was committed to peace but ready to protect its interests. Since then, the relationship has gone downhill — first slowly and haltingly, but over the past two years with sickening acceleration. Now the relationship seems irretrievable. For educated Chinese, Australia is now an object lesson in Western arrogance, hypocrisy and betrayal of friendship. The dinner party has ended in upended chairs, shouts and bitter accusations as both sides angrily walk away. After the high symbolism of the Xi speech, all seemed well. In 2015 the Darwin Port was leased to a Chinese company for 99 years.

Growing numbers of Chinese students and tourist visitors to Australia were becoming mainstays of Australia’s thriving higher education, tourism and property sectors. China as an Australian export market grew steadily in significance: last year it represented nearly 50 percent of Australian commodity export earnings. Victoria in 2018 signed a memorandum of understanding with China to work with China’s Belt and Road Initiative. From the beginning, there were signs that powerful forces were determined to cripple Australian-Chinese engagement: and they have now seemingly won. The present breakdown is tragic for Australian economic and political interests. Many innocent Australians’ livelihoods are being harmed by our own government’s and political class’ stupidity. It is hard to see now how the damage done to Australia-China relations may be healed anytime soon.

Controversially, I contend that Australia has over the past six years lived through a textbook experiment of covert foreign policy interference by powerful Anglo-American influences, subtly working through local sympathizers in public life here. Australian political elites — already culturally predisposed to trust Anglo-American friends, and naive as to their power and guile — have been persuaded to adopt increasingly adversarial positions against China across a broad front. This essay can only hint at the breadth and skill of this classic Five Eyes information warfare operation: it would take a book to expose it fully.


“Five Eyes” intelligence network including the U.S., Canada, the U.K., Australia, New Zealand. (@GDJ, Openclipart)

Read more …

 

 

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Aug 242020
 


Henri Cartier Bresson Salamanca, Spain 1963

 

Trump Announces Emergency Authorization For Convalescent Plasma (JTN)
97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)
China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)
Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)
This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)
Corporate Dems Want You To Shut Up While They Get Loud (Sirota)
The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)
Don’t Discount the Dollar Yet (FP)
China’s Mysterious Dollar Dealings (OMFIF)
Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)
Summer In The Ailing City: The Purpose Is Life (Maglinis)

 

 

Kellyanne Conway leaves 2 months before the election, US cities are still on fire, using convalescent plasma becomes legal, Rahm Emanuel is dug up from whatever hole he was in, and the FBI failed to inform the Trump team about foreign interference in their campaign. In other words, normal weekend. Maybe it was the last one for a while.

 

 

Weekend numbers don’t mean much.

 

 

 

 

 

 

 

 

 

 

Squirrel

 

 

Why make this such a big deal? Can’t the doctors just do it?

Trump Announces Emergency Authorization For Convalescent Plasma (JTN)

President Trump at a Sunday evening press conference announced an emergency authorization of convalescent plasma amid the ongoing battle against the COVID-19 pandemic. “The FDA has issued an emergency use authorization … for a treatment known as convalescent plasma. This is a powerful therapy that transfuses very, very strong antibodies from the blood of recovered patients to help treat patients battling a current infection,” Trump said. “It’s had an incredible rate of success. Today’s action will dramatically expand access to this treatment,” the president said. White House Press Secretary Kayleigh McEnany on Saturday night had tweeted the the president would hold a Sunday event “concerning a major therapeutic breakthrough on the China Virus.”

Read more …

From well before Trump’s announcement.

“The distribution system got approved and built; the trial protocols did not. They never began.”

97,000 People Got Convalescent Plasma. Who Knows if It Works? (Wired)

As of Monday, August 17, a nationwide program to treat Covid-19 patients with a fluid made from the blood of people who’d recovered from the disease—so-called convalescent plasma—had reached 97,319 patients. That’s a huge number of people, considering that nobody really knows whether convalescent plasma actually works against Covid-19. A spontaneously generated, self-assembling group of clinicians and cross-disciplinary researchers that built the nationwide program to ensure “expanded access” to convalescent plasma also created protocols for randomized, controlled trials, the gold standard for evidence in science.

They hoped to test plasma’s ability to prevent disease after exposure, its capacity to treat Covid-19—and what Michael Joyner, an exercise physiologist at the Mayo Clinic who was instrumental in setting up the expanded-access network, called a “Hail Mary” protocol to try to help people who are severely ill, on ventilators. The distribution system got approved and built; the trial protocols did not. They never began. There are plenty of reasons to think plasma might help fight Covid-19. Physicians have used it for more than a century; it’s made by taking blood from people who’ve recovered from a disease and spinning it in a centrifuge down to a frothy, yellow liquid that contains the sum total of the donor’s immune response—molecules that attack all invading germs, and some that specifically target all the individual pathogens the donor has ever encountered.

But actual rigorous trials of the stuff are rare. Dozens of randomized, controlled clinical trials are underway—tests that systematically compare the same kinds of people at similar stages of the disease who get convalescent plasma to those who don’t. Even without that rigor, this year tens of thousands of people received plasma for Covid-19. It played out as a one-on-one decision between physicians and patients, not a population-scale experiment designed to elicit knowledge about its efficacy. A preprint from the expanded-access group, not yet peer-reviewed, recounts the outcomes of more than 35,000 of these recipients at hundreds of hospitals. It retroactively splits that population into groups based on when in their illness they got plasma, or how laden the plasma was with the antibodies that actually do the disease-fighting.

Read more …

Let Big Pharma chime in.

China Has Given Potential Coronavirus Vaccine To Key Workers Since July (G.)

The Chinese government has been administering a coronavirus vaccine candidate to selected groups of key workers since July, a senior health official has said. Zheng Zhongei, the head of the National Health Commission’s science and technology centre, told state media organisation CCTV on Sunday the government had authorised “emergency use” of a Sars-Cov-2 vaccine for workers including health workers and border officials. The country has gone seven days without reporting a locally transmitted case, and border workers are considered to be in a high-risk category, said Zheng, who leads the vaccination development taskforce.

It appears to be the first confirmation of vaccine use by China outside clinical trials. There were no details on which particular vaccine candidate was used or how many people received it, but Zheng said it had been administered in line with the law, under powers that allow limited use of the unapproved vaccines during serious public health events. “We’ve drawn up a series of plan packages, including medical consent forms, side-effect monitoring plans, rescuing plans, compensation plans, to make sure the emergency use is well regulated and monitored,” Zheng said, adding that they planned to “scale up” the testing to other groups before autumn and winter.

[..] In June the Chinese government called for volunteers among employees of state-owned companies who travel overseas frequently, to test two vaccines. State-owned China National Biotec Group (CNBG) has since been approved to start human testing of its vaccine in the United Arab Emirates, Bahrain, Peru, Morocco and Argentina, and the company said about 20,000 people were taking part in the overseas trials. SinoVac and CanSino Biologics are also conducting overseas trials in Russia, Indonesia, and Brazil. Last week a planeload of Chinese mine workers was refused entry to Papua New Guinea, over government concerns about an apparent vaccination trial.

Read more …

We know where the FBI stands.

Graham: FBI Docs Show ‘Double Standard’ For Clinton And Trump Campaigns (Fox)

Following the release of recently declassified documents, Senate Judiciary Chairman Lindsey Graham, R-S.C., says he believes the FBI showed a double standard in its investigations into reports of foreign interference at the campaigns of Hillary Clinton and now-President Trump in the lead-up to the 2016 presidential election. Calling it “the ultimate double standard,” Graham said that the documents reveal that leaders at the FBI sought to give the Clinton campaign a defensive briefing before it could pursue a FISA warrant related reports that a Clinton operative was connected to foreign government. “The FBI finds out about a plot by a foreign government to lobby her campaign and funnel millions of dollars into the Clinton campaign illegally,” Graham said on Fox News’ “Sunday Morning Futures.” “

They want a FISA warrant against a Clinton operative who is connected to the foreign government. What happens? The FBI seventh floor says we’re not going to let you get a warrant. And to you defensively, brief the Clinton campaign.” But instead of doing the same for the Trump campaign, the FBI opened the Crossfire Hurricane operation and pursued a number of FISA warrants against people working with Trump’s campaign. While Graham would not reveal which foreign government wanted to assist Clinton in getting elected, he said that FBI leadership shot down a request for a FISA warrant until Clinton was briefed on the matter. “They never did to Trump,” Graham said. “As a matter of fact, not only did they not tell Trump, they used a generic briefing to spy on Trump.”

“The FBI did the right thing by briefing Clinton and failed to do the right thing by never specifically briefing President Trump about their concerns,” Graham said in a statement released earlier on Sunday. Earlier this month, Senate Homeland Security Committee Chairman Ron Johnson, R-Wis., issued a subpoenaed to the FBI and Director Christopher Wray as part of its broad review into the origins of the Russia investigation. The subpoena, obtained by Fox News, demands that he produce “all records related to the Crossfire Hurricane investigation.”

Read more …

If Rahm Emanuel speaks for you, you know you’re in trouble.

This Will Be The Year Of The Biden Republican – Rahm Emanuel (CNBC)

Democratic presidential nominee Joe Biden has a chance to replicate an election strategy that helped elect Republican icon Ronald Reagan to the White House almost four decades ago, longtime Democratic politician Rahm Emanuel told CNBC on Friday. Emanuel, appearing on “Closing Bell,” said he believes that the former vice president can win over disaffected Republicans with a platform that has moderate language to get behind. “This will be the year of the Biden Republican,” said Emanuel, citing the appearances of John Kasich, former governor of Ohio, Colin Powell, secretary of State under President George W. Bush, and Cindy McCain, widow of Sen. John McCain, among other GOP members at the Democratic National Convention this week.

“Joe Biden will be a president we will all be proud to salute,” Powell said in his message. “With Joe Biden in the White House, you will never doubt that he will stand with our friends and stand up to our adversaries — never the other way around.” Emanuel likened Republican voters mobilized against President Donald Trump to “Reagan Democrats,” the White, traditional blue-collar voters who crossed party lines to help elect Reagan to two terms as president. Reagan defeated then-Democratic incumbent Jimmy Carter in a landslide. The California Republican carried 44 out of 50 states in the 1980 contest and 49 states in the 1984 race.

Democrats must not only attract Republican voters who want to put Trump out of office at the end of his first term, but retain those voters under the party’s big tent, said Emanuel, who served as White House chief of staff under former President Barack Obama. He made the same case in a Wall Street Journal opinion piece Saturday, saying that suburban voters in areas of Arizona, North Carolina and Pennsylvania, battleground states that Trump won in 2016, can be flipped. The lack of support for a “Green New Deal” and “Medicare for All” in the Democratic platform helps the party balance between the desires of the moderate and more progressive members, Emanuel said on CNBC.

With a broad coalition of support that stretches from four-star generals to Black Lives Matter supporters, Biden can leverage his decades of governing experience in Washington to “culturally move them into a comfort zone,” he said. “My view is you don’t want this to be a transactional election,” the former Chicago mayor said. “You want this to be the opportunity of a transformational election.”

Read more …

Maybe Sirota can get a speaking slot at the RNC.

Corporate Dems Want You To Shut Up While They Get Loud (Sirota)

No doubt, you have been told to keep quiet. Just put on your big boy pants, they say, and find the impulse control to at least muzzle yourself for the next 72 days until the election happens. After that, fine — then and only then will you maybe be permitted to speak your mind and politely ask the Democratic Party to match its rhetoric with its policy agenda. But until then, you are told to ‘“shut the hell up and grow up,” as former Obama and Mike Bloomberg pollster Cornell Belcher put it during an emblematic MSNBC segment berating progressives. This kind of hectoring has become a defining part of the Democratic Party’s culture. As the late great journalist Bill Greider lamented:

“The way the Democratic Party is run for quite a number of presidential cycles is they pick a nominee in a kind of half-assed process that doesn’t really represent much of anybody and then they tell everybody to just shut up — don’t bring up anything that will complicate life for your nominee… shut up, turn off your brains.” There’s a superficial logic to this call for omerta — after all, Donald Trump is destroying everything and he must be defeated. But here’s the problem: The demand to shut up is only being aimed at the progressive base of the party, while the corporate wing floods the zone with rhetoric that could demobilize voters.

Indeed, at the very moment many good progressives are blunting their criticism and making clear that defeating Trump is of utmost importance, Corporate Democrats aren’t being asked to wait or hold their tongues. In fact, they are doing the opposite: Rahm Emanuel — who has been advising Biden — just went on television to show that the corporate wing of the party is intent on using the stretch run of the Most Important Election Of Our Lifetime™ not to doggedly focus on actually winning the election, but to instead try to predetermine post-election policy outcomes. Emanuel and his ilk depict themselves as evincing a non-ideological “just win, baby” attitude. But they are most decidedly pushing a very clear corporate ideology — and they are doing so in dangerously divisive ways that could depress the big turnout that’s desperately needed to defeat Trump.

Read more …

It was another violent weekend in the cities. How much longer? And how did this ever become normal?

The Silence Of Joe Biden And The Dems On The Violence In The Cities (Kass)

Joe Biden, the smiling figurehead who Democrats have nominated for president, closed his party’s virtual convention with a speech that proved two things about him. The man can still ably deliver a well-written speech. And he still has great message discipline. Because he did what the other Democrats did over their four-day infomercial, make constant references to their own virtue and empathy, while portraying President Donald Trump as evil incarnate, a dark lord without virtue and without an empathetic bone in his body. But through all that talk, Biden and the Democrats avoided saying anything about what many Americans are talking about now: The violence, political and otherwise, plaguing American big cities run by liberal Democratic mayors.

The entire country sees the spiking street crime, the 50% increase in murders in some cities, looting in the downtowns, those news videos of people being pulled out of their cars and beaten, knocked out on the sidewalk, and cops pummeled in violent political confrontations. Biden was silent about all that. I wish he hadn’t been. But he was. In his speech, Biden offered a thorough condemnation of Trump, and this memorable line. “My father taught us that silence was complicity,” Biden said. You’ve probably also heard the slogan “silence equals violence.” But my barber, Raffaele Raia, born in Naples, puts it this way: “Chi tace acconsente. He who is silent says ‘yes’. The silence is the consent.”

Many protests have been peaceful. But many have not been. A cop getting his head thumped by a protester using a skateboard as a club isn’t a victim of a peaceful protest. The protests are no longer about the Minneapolis police killing of George Floyd. They’re also not about virtue or empathy. Yet in the midst of this, Americans are encouraged to apply virtue to politics. But searching for virtue in politicians is childlike, like believing in fairy tales, pixies, or like hoping to find a purple unicorn who’ll be your friend forever. Yet rather than search for virtuous purple unicorns, you might consider the words of Bostonian Henry Adams in “The Education of Henry Adams”: “Chaos was the law of nature; Order was the dream of man. Practical politics consists of ignoring facts. Politics, as a practice, whatever its professions, had always been the systematic organization of hatreds.”

[..] Biden and national Democrats can’t acknowledge any of it. They’re desperate to avoid it. They have nothing to say to it. And the conflict inside their party rages on, out on the streets, where America can see it. Trump will roll down that law-and-order road at the Republican virtual convention. He’s a politician, now, too. That’s what politicians do. Like wolves, they take advantage of weakness. But Trump didn’t pave that road he’s on. Biden and the national Democratic Party paved it for him, with silence that is consent.

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“..any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.”

Don’t Discount the Dollar Yet (FP)

If some stories are easier to tell than others, the decline of the U.S. dollar as a reserve currency is one of them. It’s not hard to see why. The cast of characters that avail themselves for the script includes international trade, financial architecture, great-power competition, cycles of history, and even parables from ancient Greece.And on cue, the headlines are again churning out new versions of the familiar fable. New plot lines include the economic fallout of a global pandemic as well as a “capital war” between the United States and China, in which Washington usurps Beijing’s traditionally lonely role as the imposer of the restrictions on how capital can move between their two countries, frightening global investors, who then forsake the fallen dollar. Taken at face value, the headlines suggest that the dollar’s long-awaited dethroning may be here at last.

But the economic forces that thwarted any demise of the dollar in the past persist. They continue to render any end to the dollar’s reserve status today unlikely. In fact, there is a new player keeping it on its throne: the Chinese Communist Party. It’s the latest arrival to the motley crew of conspirators serving, unwittingly, to prevent the currency from leaving its seat. The dollar can’t be displaced with nothing, and mainland China’s currency, the yuan, was once the most-viable something. Global banks planned for it to “inevitably” replace the dollar. Economists speculated about the timing. The country’s growing economy, after all, is the world’s second largest. And Beijing is keen to take steps intended to promote its currency’s use in international trade. Officials in the world’s third-largest economy, the European Union, may voice similar intentions.

But Beijing is not dealing in the currency of a monetary union that, according to research at its own central bank, maybe shouldn’t even exist. “Overall economic structures in euro area countries,” economists at the European Central Bank concluded in 2019, “are still not fully commensurate with the requirements of a monetary union.” Nonetheless, Beijing’s recent actions have eviscerated the yuan’s prospects as a real reserve currency. For a currency to function as an international reserve, global businesses need safe places to put it when it’s not in use. After all, no one wants to sell stuff in exchange for money they’d struggle to safely store. Without safe storage options, like easy-to-access banks or at least low-risk bonds, a currency can become a costly thing with which to do business.

The most natural home for these safe assets denominated in mainland China’s currency would be mainland China. But Beijing imposes capital controls on flows of money in and out of the mainland. These capital controls stymie the development of liquid, globally accessible capital markets that can offer safe assets. Hence any market for Chinese yuan consistent with a role as a global reserve currency would need to exist outside of mainland China.

Read more …

Not sure what the mystery is. The bottom line, no matter where it turns, is China is stuck until it liberates its currency.

China’s Mysterious Dollar Dealings (OMFIF)

Considering China’s tensions with the US, Chinese authorities’ and banks’ dollar business is somewhat puzzling. China’s US Treasury holdings decreased to $1.07tn at end-2019, from $1.112tn in mid-2019. Chinese-owned banks globally reduced their reliance on dollar funding by $42.5bn. Since then, China’s holdings of US treasuries have risen to $1.084tn as of May, and banks’ dollar funding climbed $40.7bn in this year’s first quarter. This represents a swing of $80bn, around 8% of Chinese banks’ total cross-border funding. This is particularly surprising as global liquidity, and especially dollar liquidity, started drying up in March in view of the virus-induced global downturn. By the end of Q1, Chinese banks had extended $1.4tn in cross-border loans, two-thirds of total their overseas assets.

Dollar funding amounted to $1tn, half of total liabilities. This represents a funding gap of $400bn. While this might lead to a liquidity crunch, similar to European and Japanese banks, it was deemed manageable thanks to ample official dollar reserves. These could be made available to Chinese banks. Chinese banks’ cross-border dollar business is minor compared to their $40tn in total assets. Hence, the impact on the Chinese economy would be smaller than in the home countries of other global banks, according to the IMF. Deposits are the steadiest source of dollar funding, but are not readily available to Chinese banks. The central banks of China, Russia and Turkey are not covered by the Federal Reserve’s swap facilities. Foreign banks’ US subsidiaries can access the Fed Funds market, but Chinese banks do not appear to have tapped into it.

Their main source of dollar funding is offshore financing, as confirmed by the Bank for International Settlements. Financing is available through a number of channels, mostly interbank borrowing, as well as securitised debt. There are two enigmas regarding China’s dollar business. The first is Chinese banks’ continued purchases of US treasuries and dollar lending and funding. The second is why these banks are seeking to become a major intermediary for dollar financing to emerging market economies through the Belt and Road initiative, to the tune of $600bn by end-2019. At the same time, they have funded themselves in dollars, mostly in offshore centres. The BRI was expected to facilitate renminbi financing, boosting renminbi internationalisation.

Financing for the BRI is granted mainly through domestic lending to Chinese companies involved in BRI projects. Major Chinese banks’ head offices, as well as their Hong Kong branches, offer direct cross-border financing to recipient countries. According to their annual reports, the four main banks (including two policy banks) have extended $150bn each in loans. This lending has not been securitised and stays on the bank’s balance sheet, contrary to the global trend. This prevents foreign investors from buying into BRI projects, even though they were expected to contribute more funding in the initiative’s second phase. What remains are emerging economy dollar-denominated liabilities to Chinese lenders, which will come under scrutiny if countries seek IMF support. Chinese bankers say their emerging economy clients prefer dollar loans. If they provided loans in renminbi, recipients would change them into dollars to enhance fungibility.

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Reads like an advertorial.

Las Vegas Housing Market ‘On Fire’ As Economy Limps Along (LVRJ)

With a baby on the way, a strong credit score and money saved up, Veronica Markowsky figured it was time to buy a house. So the 35-year-old renter recently joined a herd of homebuyers in Southern Nevada and signed papers for a soon-to-be-built house — all while the coronavirus pandemic wreaks havoc on the economy and her Las Vegas bridal shop business. It’s probably not the best time to buy a place, Markowsky said, but she had her reasons. “What’s the worst that can happen?” she said. Las Vegas’ tourism-dependent economy has been devastated by the coronavirus outbreak. But the valley’s housing market, which initially was hit hard by the fallout from the crisis, has been accelerating lately with fast-rising sales and record prices.

The fervor has provided a surprising jolt of commerce in a bleak time. “I didn’t expect any of this kind of activity,” said Tom Blanchard, president of trade association Las Vegas Realtors. By all accounts, record-low mortgage rates — cheap money, essentially — are providing much of the fuel, as they let buyers lock in lower monthly payments. Amid the surge of demand, prices have climbed as the market’s low inventory of available homes further tightens. Southern Nevada has seen record job losses during the pandemic, with much of the pain falling on the service sector, where wages tend to be lower. Who is buying homes amid the turmoil? People who still have jobs, savings and other factors that let them qualify for a mortgage or buy with cash.

All told, the market has gained speed as buyers snap up homes from builders and on the resale market, with sellers fetching multiple bids. “It’s craziness,” Blanchard said. Las Vegas attorney Adam Breeden, who closed his purchase of a newly built house near the M Resort last month, listed his old house in May. He received three offers within three days, he recalled, including one at the full asking price. “I was shocked the market was the exact opposite I thought it would be,” he said.

Read more …

Lovely dispatch from Athens.

Summer In The Ailing City: The Purpose Is Life (Maglinis)

The feeling when you look out of the hospital window is that life is out there and it is passing you by indifferently, cold toward your small, insignificant drama. It is as if you have been immobilized in a static parallel universe. At the same time, this gradation of life (people out there, sunbathing on beaches and diving in cool seas and, on the other hand, those of us faced with the unpleasant condition of serious hospitalization – much more so when the person being treated is your child) in turn has its own, internal gradations: We do not all have the same fate, the same experience in the hospital. Some children will never be out of the hospital again.

Normally we should be thankful that, even though they are suffering, our child’s treatments are going well. And indeed you thank God and are thankful for your fate, but the cursed time in the hospital runs torturously slowly. So you look out there, you count the hours spent in the hospital, you count them like drops falling from the intravenous drip, you look at the sun-soaked courtyard of the clinic, the few people walking around, and you realize that even the lucky ones “out there” feel more vulnerable than ever.

But this may be the constant of the summer of 2020: In mid-August, the holiday season in Athens does not have the unguarded carelessness of other summers. Even in times of deep economic crisis, summer, August, was a refuge. Temporary maybe, but it still had something healing about it. This year, the pandemic – with the invisible, tiny enemy that knows no frontline or rear guard, that knows how to bypass obstacles and find forgotten half-open “back doors,” in the summer on the islands, on the crowded shores, even in the deserted city – looks like a well-orchestrated ambush.

But even in the age of imposed social abstinence and distance, “no man is an island,” as the English poet John Donne once wrote. “No man is an island entire of itself; every man is a piece of the continent, a part of the main.” Maybe because it binds us all to the simple truth that no one wants to be sick, no one wants to feel sick, no one wants to accept that they are powerless before nature, which is blind when it comes to your decay, entropy, extinction. No one wants to feel that, deep down, it is another insignificant part of the “whole process” of death and rebirth in nature. Who wants to feel like they are just a cog in a process of wear and tear and not a player in a longevity process?

Normally, every summer, we should all have the right to feel a little like kids again. This year we have no right to such a blessed parenthesis. Some for special reasons and all for the known ones. Another summer will come that will be healing and when we can feel like children again. Our only mission is to endure until another such summer, that will have a few moments of heavenly simplicity. The mask – or even the hospitalization – is just the pretext. The purpose is life .

Read more …

 

 

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Nov 062019
 
 November 6, 2019  Posted by at 9:34 am Finance Tagged with: , , , , , , , , , , ,  17 Responses »


Dorothea Lange ‘We’re bound for Kingfisher (OK wheat) and Lubbock (TX cotton). We’ll be in California yet. 1938

 

ABC Stopped Jeffrey Epstein Report ‘Amid Palace Threats’ (BBC)
MSM Execs Part Of ‘Network Of People’ That Covered For Epstein – O’Keefe (RT)
Roger Stone, Trump Friend And Alleged Tie To WikiLeaks, Faces Trial (NPR)
Amid 2016 Election, State Dept Saw Burisma As Joe Biden’s Issue (Solomon)
Sondland Reverses Himself On Ukraine (Pol.)
Ryanair Grounds Three Boeing 737s After Cracks Found (G.)
Boeing Whistleblower Raises Doubts Over 787 Oxygen System (BBC)
The Recession In The Auto Industry Is Tanking The Global Economy (ZH)
China Signs Nearly 200 Deals For New Silk Road Projects (RT)

 

 

The BBC turns on Andrew?

ABC Stopped Jeffrey Epstein Report ‘Amid Palace Threats’ (BBC)

Leaked footage shows a US TV anchor complaining that editors “quashed” a story about paedophile Jeffrey Epstein due to pressure from the Royal Family. ABC’s Amy Robach is seen in the clip griping that her interview with an alleged victim of Epstein and Prince Andrew never made it to air. “The Palace found out,” she says, “and threatened us a million different ways.” An ABC news executive said there was “zero truth” to the assertion. Epstein, a wealthy and well-connected financier, was found dead in a jail cell in August while awaiting trial for sex crimes. His death was ruled a suicide by investigators. In the video, Ms Robach vents frustration that her 2015 interview with Virginia Giuffre – formerly Virginia Roberts – was never broadcast.

The clip was leaked on Tuesday by Project Veritas, a group that seeks to expose perceived liberal bias in the mainstream media. Ms Giuffre, 35, alleges she was abused by Epstein and was ordered to have sex with powerful men including Prince Andrew, the Duke of York. In court documents she said she was forced to have sex with the British royal on three separate occasions while she was under the legal age of consent. Prince Andrew has denied having “any form of sexual contact or relationship” with Ms Giuffre. In 2015, a judge ruled that the allegations made by Ms Giuffre regarding Prince Andrew were “immaterial and impertinent” and ordered them to be removed from a claim against Epstein.

“I’ve had this story for three years. I’ve had this interview with Virginia Roberts,” says Robach, speaking to someone off-camera. “We would not put it on the air. First of all, I was told, ‘who’s Jeffrey Epstein? No one knows who that is. This is a stupid story.’ “Then the Palace found out that we had her whole allegations about Prince Andrew and threatened us a million different ways. “We were so afraid that we wouldn’t be able to interview Kate and Will. “That also quashed the story,” the host of ABC’s 20/20 programme added. Robach also says that the interview included allegations against former US President Bill Clinton. “We had everything,” she continues. “I tried for three years to get it on, to no avail. “And now it’s all coming out and it’s like these new revelations and I freaking had all of it.”

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“They’re fine airing the allegations against Brett Kavanaugh, or [President Donald] Trump, or anybody else, but when it comes to Bill Clinton and some of these folks who are mentioned by Amy in this hot mic tape, they say they just didn’t have enough corroboration..”

MSM Execs Part Of ‘Network Of People’ That Covered For Epstein – O’Keefe (RT)

ABC and other mainstream media outlets refused to cover accusations against sex predator Jeffrey Epstein because “a network of people” that includes their executives were implicated, James O’Keefe of Project Veritas told RT. The Disney-owned network has doubled down on its insistence that anchor Amy Robach’s story on Epstein three years ago lacked “enough corroboration” and thus wasn’t aired. This was after Project Veritas released a “hot mic” video of Robach slamming the decision to quash the story. The conservative filmmaker told RT on Tuesday that he believes ABC’s refusal to budge from that explanation backs up Robach’s claim that “a network of people” – including the executives running her channel – are “covering up for this” because they are somehow “implicated.”

Robach had interviewed Epstein’s alleged sex slave Virginia Roberts Giuffre and other victims and claimed to have pictures and other proof to back up her story. The never-aired exposé was such a bombshell that it provoked intimidating calls from “the [UK royal] palace, which threatened [ABC] a million different ways,” and Epstein lawyer Alan Dershowitz – and the media establishment, O’Keeffe said, is very susceptible to such threats. Mainstream media’s decisions to suppress major stories like Epstein or the allegations of sexual assault against Hollywood producer Harvey Weinstein have contributed to a wholesale abandonment of trust in the media by the American people, O’Keeffe continued.

“It’s quite telling that this insider leaked this tape to Project Veritas and not the Washington Post, New York Times, CBS or CNN, because they seem to want to protect the people that were working with Jeffrey Epstein,” he added. They’re fine airing the allegations against Brett Kavanaugh, or [President Donald] Trump, or anybody else, but when it comes to Bill Clinton and some of these folks who are mentioned by Amy in this hot mic tape, they say they just didn’t have enough corroboration,” O’Keefe said, recalling that Robach had specifically mentioned that “we had [Bill] Clinton.”

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The advantages of silencing Assange: people can claim anything at all that would support any claim at all no matter how absurd. Assange and Wikileaks have denied any link to Stone, and he himself has too. But it no longer matters with Julian locked up in solitary. And now they use Stone’s empty braggadocio in an actual trial?!

Literally nothing in this report from NPR is true. But who cares anymore?

Roger Stone, Trump Friend And Alleged Tie To WikiLeaks, Faces Trial (NPR)

Stone and some of his associates may have been links in a chain that connected Trump in New York City with WikiLeaks founder Julian Assange in London, who at the time had confined himself in the Ecuadorian Embassy there. Assange, in turn, was in contact with Russia’s military intelligence agency, the GRU, which had stolen a trove of embarrassing material from political targets in the United States. WikiLeaks released many of those emails and other documents with disruptive effects on political life in the U.S. — and enjoyed public encouragement by Trump and his campaign. What Mueller’s investigation revealed was how much Trump and aides worked to get more.


The campaign built into its plans the expectation that there would be more damaging revelations about Hillary Clinton, and Trump’s campaign bosses also sought contact with some people connected with the interference over the course of the election season. Charging documents in Stone’s case describe a message from one of Stone’s contacts depicting the person in a photo taken outside the Ecuadorian Embassy — implying that he’d visited Assange — and other messages in which Stone and associates discuss the prospect of more “dumps” from WikiLeaks.

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Solomon rules.

Amid 2016 Election, State Dept Saw Burisma As Joe Biden’s Issue (Solomon)

In recent interviews, Joe Biden has distanced himself from his son’s work at a Ukrainian gas company that was under investigation during the Obama years, with the former vice president suggesting he didn’t even know Hunter Biden served on the board of Burisma Holdings. There is plenty of evidence that conflicts with the former vice president’s account, including Hunter Biden’s own story that he discussed the company once with his famous father. There also was a December 2015 New York Times story that raised the question of whether Hunter Biden’s role at Burisma posed a conflict of interest for the vice president, especially when Joe Biden was leading the fight against Ukrainian corruption while Hunter Biden’s firm was under investigation by Ukrainian prosecutors.

But whatever the Biden family recollections, the Obama State Department clearly saw the Burisma Holdings investigation in the midst of the 2016 presidential election as a Joe Biden issue. Memos newly released through a Freedom of Information Act lawsuit filed by the Southeastern Legal Foundation on my behalf detail how State officials in June 2016 worked to prepare the new U.S. ambassador to Ukraine, Marie Yovanovitch, to handle a question about “Burisma and Hunter Biden.” In multiple drafts of a question-and-answer memo prepared for Yovanovitch’s Senate confirmation hearing, the department’s Ukraine experts urged the incoming ambassador to stick to a simple answer. “Do you have any comment on Hunter Biden, the Vice President’s son, serving on the board of Burisma, a major Ukrainian Gas Company?,” the draft Q&A asked.

The recommended answer for Yovanovitch: “For questions on Hunter Biden’s role in Burisma, I would refer you to Vice President Biden’s office.” The Q&A is consistent with other information flowing out of State. As I reported yesterday, when a Burisma representative contacted State in February 2016 to ask for the department’s help in quashing the corruption allegations, Hunter Biden’s role on the company’s board was prominently cited. And a senior State Department official who testified recently in the impeachment proceedings reportedly told lawmakers he tried to warn the vice president’s office that Burisma posed a conflict for Joe Biden but was turned aside. There are no laws that would have prevented Hunter Biden from joining Burisma, even as his father oversaw Ukraine policy for the President Obama..

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400 pages means hours and hours of testimony, but he ‘forgot’ to mention the one thing he knew very well was key to it all? And now, after talking to “the right” people, he suddenly remembers? I’d give Sondland an F- on credibility.

Sondland Reverses Himself On Ukraine (Pol.)

In his revised testimony, released Tuesday by House impeachment investigators, Sondland said that during a Sept. 1 meeting in Warsaw, Poland, Ukrainian President Volodymyr Zelensky raised his concerns to Vice President Mike Pence about the suspension of military aid. Sondland, Trump’s ambassador to the European Union, added that he later told Andriy Yermak, a top Ukrainian national security adviser, the aid would be contingent on Trump’s desired investigations. “After that large meeting, I now recall speaking individually with Mr. Yermak, where I said that resumption of U.S. aid would likely not occur until Ukraine provided the public anti-corruption statement that we had been discussing for many weeks,” Sondland wrote in his addendum, which was released alongside a nearly 400-page transcript of his testimony.


Sondland revealed the exchange in supplemental testimony he submitted to House impeachment investigators on Monday, saying he had failed to recall the episode when he testified in person last month. Sondland, who had a direct line to Trump and was a major donor to his 2016 presidential campaign, had previously indicated he was unaware of any effort to connect military aid to Trump’s demand for politically motivated investigations. Sondland was eager to maintain that public posture, even with other U.S. officials working on Ukraine policy. Eight days after privately telling Yermak that military aid was contingent on Trump’s desired investigations, Sondland wrote in a text message to William Taylor, the top U.S. diplomat in Ukraine, that Trump had been “crystal clear” that there was no quid pro quo involving military aid and publicly announced investigations.

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It’s all over now, baby blue.

Ryanair Grounds Three Boeing 737s After Cracks Found (G.)

At least three Ryanair Boeing 737s have been grounded due to cracks between the wing and fuselage but this was not disclosed to the public, the Guardian can reveal. The budget Irish airline is the latest to be affected by faults in the “pickle fork” structure, which has sparked an urgent grounding of 50 planes globally since 3 October. While other airlines, such as Australia’s Qantas and America’s Southwest, have disclosed the number of their planes affected by the cracks, Ryanair – which operates the largest fleet of 737s in Europe – has previously refused to confirm how many of its planes have been affected. Last Thursday, the airline told the Irish Times it “does not expect” the global pickle fork issue would “have any impact upon our operations or fleet availability”.


The Guardian can now reveal three of their planes have been affected by the issue. It is understood that experts do not regard the presence of the cracks as a safety issue as long as appropriate checks are carried out. The grounded planes have the registration numbers EI-DCL, EI-DAL and EI-DCJ. All three are more than 15 years old. Flight tracking site Flight Aware shows that DCL and DAL are both currently in a known plane repair site, the Southern California Logistics Airport in Victorville, California. The third plane, DCJ, is in storage at Stansted airport in London. A copy of internal Ryanair engineering logs, seen by the Guardian, lists all three as having “pickle fork cracks”. “AOG [aircraft on ground] – R/H pickle fork crack – on repair in VCV [Victorville],” the logs for DAL read.

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Boeing’s response and defense: “safety, quality and integrity are at the core of Boeing’s values”. Maybe try another line next time.

Boeing Whistleblower Raises Doubts Over 787 Oxygen System (BBC)

A Boeing whistleblower has claimed that passengers on its 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression. John Barnett says tests suggest up to a quarter of the oxygen systems could be faulty and might not work when needed. He also claimed faulty parts were deliberately fitted to planes on the production line at one Boeing factory. Boeing denies his accusations and says all its aircraft are built to the highest levels of safety and quality. The firm has come under intense scrutiny in the wake of two catastrophic accidents involving another one of its planes, the 737 Max.

Mr Barnett, a former quality control engineer, worked for Boeing for 32 years, until his retirement on health grounds in March 2017. From 2010 he was employed as a quality manager at Boeing’s factory in North Charleston, South Carolina. This plant is one of two that are involved in building the 787 Dreamliner, a state-of-the-art modern airliner used widely on long-haul routes around the world. Despite early teething problems following its entry into service the aircraft has proved a hit with airlines, and a useful source of profits for the company. But according to Mr Barnett, 57, the rush to get new aircraft off the production line meant that the assembly process was rushed and safety was compromised. The company denies this and insists that “safety, quality and integrity are at the core of Boeing’s values”.

In 2016, he tells the BBC, he uncovered problems with emergency oxygen systems. These are supposed to keep passengers and crew alive if the cabin pressurisation fails for any reason at altitude. Breathing masks are meant to drop down from the ceiling, which then supply oxygen from a gas cylinder. Without such systems, the occupants of a plane would rapidly be incapacitated. At 35,000ft, (10,600m) they would be unconscious in less than a minute. At 40,000ft, it could happen within 20 seconds. Brain damage and even death could follow.

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Best news ever for the climate movement.

The Recession In The Auto Industry Is Tanking The Global Economy (ZH)

The global economy continues to grind to a halt and the culprit has never been clearer: the auto industry. For the better part of almost 2 years now, we have been reporting monthly on marked slowdowns in key auto markets like China, North America and Europe. Now, the slowdown in this massive industry is what’s helping spur an overall global economic slowdown, according to FT. The reaches of the auto market go deep, with long supply chains and large consumption of raw materials, textiles, chemicals and electronics. The industry is home to millions of jobs and last year, the sector shrank for the first time since the global financial crisis. The IMF is estimating that this fall in output accounted for more than 25% of the slowdown in the global economy between 2017 and 2018.


The sector may also be responsible for up to 33% of the slowdown in global trade growth over the same period, the IMF said. Gian Maria Milesi-Ferretti, deputy director of the IMF’s research department said: “The car sector has been weighing heavily on manufacturing activity and growth.” And the fund’s forecast of a small lift in global trade in 2020 is dependent on a recovery in the auto sector. Conversely, the fund’s analysis also notes the potential further damage that could occur if the auto sector becomes the focus of the ongoing U.S./China trade war.

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But who pays? And in what currency?

China Signs Nearly 200 Deals For New Silk Road Projects (RT)

China’s trillion-dollar Belt and Road Initiative (BRI), also known as “One Belt, One Road,” has already attracted nearly 170 participants, Chinese President Xi Jinping has announced, vowing to further develop the project. “To date, China has signed 197 documents on Belt and Road cooperation with 137 countries and 30 international organizations,” he said in the opening speech at the China International Import Expo in Shanghai on Tuesday. The development of the initiative, which is aimed at boosting trade connections across the world and linking China with other countries, is a central part of plans to open up the Chinese market, according to Xi.


Other proposed measures include boosting investment and imports, lowering tariffs, developing free-trade zones, improving business environment as well as deepening bilateral and multilateral cooperation. “Standing at a new historical starting point, China will open its door only wider to the world,” Xi stated, calling for other countries to “stand firm against protectionism and unilateralism.” The ambitious BRI, launched in September 2013 by President Xi, could cost Beijing up to $1.3 trillion by 2027, according to Morgan Stanley’s estimates.

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