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Debt Rattle February 1 2025

Feb 012025
 
 February 1, 2025  Posted by at 10:35 am Finance Tagged with: , , , , , , , , ,  73 Responses »


Edward Hopper New York movie 1938

 

• Replace the Income Tax With Tariffs? (Jeffrey Tucker)
• Trump Slaps 25% Tariffs On Canada & Mexico, 10% On China (ZH)
• Trump Vows To ‘Absolutely’ Impose Tariffs On EU (RT)
• Trump Says DC Black Hawk “Was Flying Too High… By A Lot” (ZH)
• Trump Confirms ‘Serious Discussions’ With Moscow Over Ukraine (RT)
• EU Divided Over Western Troops In Ukraine – Times (RT)
• Is The EU Finally Coming To Its Senses On Russian Energy? (Amar)
• EU Energy Policy Row Triggers Norway Government Collapse (RT)
• Hungary Calls For Lifting Russia Sanctions (RT)
• Merkel Joins Virtue-Signaling Outcry Over AfD (ZH)
• Tulsi Slams Deep State At Confirmation Hearing: I Refuse To Be Their Puppet (MN)
• The Arbitrary Hypocrisy of American “Justice” (Paul Craig Roberts)
• Six Ways From Sunday (Jim Kunstler)
• Trump is Not Going to Make US Into ‘Bitcoin Superpower’ (Sp.)
• Third World US Cannot Get Its Astronauts Home From Space (Paul Craig Roberts)
• Trump Wants To Revive ‘Star Wars’ – Zakharova (RT)
• The US is Turning Into a Crybaby Empire (Sp.)

 

 

 

 

https://twitter.com/i/status/1885084376242835534

Watters

Tariffs etc etc

Kash J6

 

 

 

 

Leavitt
https://twitter.com/i/status/1885402197027909925

Laken

Calley Means

Hawley

Tucker Piers

 

 

 

 

For sure an interesting topic. And it’s not B/W: you don’t have to switch from one to the other in one fell swoop. But you can gradually raise tariffs, and lower income tax “accordingly”. That would raise citizens’ prosperity. Combine it with DOGE, and you get somewhere.

• Replace the Income Tax With Tariffs? (Jeffrey Tucker)

There was a time, before 1913, when you could keep every penny you earned. You did not have to file with the federal government, telling them what you earned and giving the feds their cut. Your finances were your business and no one else’s. You had the right to earn, own, and keep property, and it was sacrosanct, guaranteed by U.S. law and tradition. There were no audits, investigations, account freezes, withholdings, or any other forms of payment. There was your productivity and you and that’s all. How was the government funded? It earned revenue through tariffs. These are paid directly by importers and indirectly by producers and consumers if the costs can be passed through. As strategies for gaining revenue, this approach is relatively noninvasive. It left the population alone.

Back in those days, however, the federal government barely existed as compared with today. More precisely, in real terms, the federal government in 1885 spent in inflation-adjusted dollars about 0.05 percent of what it spends today. Even then, people believed that it was too big and wanted it cut back to size. Donald Trump has recently been schooling people in the history of revenue strategies and he is teaching something that people have not known. He has explained how this period of American history saw the greatest amount of economic growth we’ve ever seen. He is correct about that and he is also correct that this was the period of the tariff. The cause and effect, however, is murky. The main themes of this period were freedom and sound money. The dollar was governed by the gold standard and there was no central bank.

The federal government itself had no presence in the life of the American family or typical American business. Those facts more than tariffs account for the difference between then and now. As an aside, I cannot remember another U.S. president having as clear an opinion on 19th-century economic history. Most comments by presidents have been limited to pieties about the Founding Fathers or Lincoln but skip over details concerning revenue sources or controversies concerning national banks and the like. Trump is clearly different, highly confident in these details of history that are lost even on most economists. Trump has explained that the income tax came along in 1913 as a replacement for the tariff. That is correct in design but the historical reality was slightly different.

Tariffs were not abolished entirely. The income tax just became a second and additional source of revenue. Then the Great War came, financed in large part by the central bank (the Federal Reserve) that was created the same year. The income tax and the Fed became the financial source of Leviathan power. Both came about in 1913, along with the direct election of Senators that blew up the bicameral structure of Congress and put the big cities in charge of America’s equivalent of the House of Lords. Trump’s history lesson opens up the opportunity to examine all of this more closely. In 19th-century terms, he seems to be siding with the Hamilton faction inherited by Henry Clay, the Senator from Virginia who advocated what came to be called “the American System.”

This was a policy of protective tariffs, a national bank, and federal subsidies for internal improvements to promote economic growth and national cohesion. That’s a pretty good summary of what seems to be Trump’s position. In historical terms, the Clay view contrasted with the Jeffersonian view, which favored a tiny government, free trade, no national bank, no industrial subsidies, and a society of small farmers to serve as the economic engine. These days, the debates between the Jeffersonians and Hamiltonians seem far less relevant to the current situation. Both Hamilton and Clay would be appalled by the size and scope of government power, and would happily link arms with Jefferson and John Randolph of Roanoke to cut the beast down to size. That seems to be the actual ambition of Trump, to be an agent of change that makes the federal government manageable again.

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“..we would expect to see USDCAD move decidedly higher come Monday..”

• Trump Slaps 25% Tariffs On Canada & Mexico, 10% On China (ZH)

Tomorrow, February 1, the Trump administration will slap 25% tariffs on Canada and Mexico, and a 10% tariff on China, as announced during Friday’s press briefing by White House spox Karoline Leavitt, who denied reports of a delay to March 1. There will be no delay, selective targeting, or slow roll-out of phased-in tariffs as speculated by Goldman Sachs and Deutsche Bank.

That said, there could be certain exemptions – such as for oil and gas, which Leavitt did not elaborate on. For now, all we have to go on is Trump’s most recent comments on oil: “It depends on what the price is. If the oil is properly priced, if they treat us properly — which they don’t,” he said Thursday while speaking with reporters. The United States imported nearly 4.6 million barrels of oil per day from Canada in October, and 563,000 barrels from Mexico. Daily US production over the same period averaged nearly 13.5 million barrels per day. So in this scenario – full tariffs with zero quarter given, “we would expect to see USDCAD move decidedly higher come Monday, challenging the 1.50 level and representing a more than 3% move higher in the cross relative to current spot. To be clear, Canada could retaliate with dollar-for-dollar tariffs in absolute terms since its trade relationship with the US is balanced, however, USDCAD will still be higher given that the US economy is more than 10x the size of its Canadian counterpart,” according to DB.

On Friday, Canadian Prime Minister Justin Trudeau said that any tariffs would stoke an ‘immediate’ and ‘forceful’ response. “We’re ready with a response – a purposeful, forceful but reasonable, immediate response. It’s not what we want, but if he moves forward, we will also act,” said Trudeau, adding that all options were on the table. Canada sends 75% of its goods and services exports to the US, meaning that the tariffs will sting. “I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau continued. “I know Canadians might be anxious and worried, but I want them to know the federal government, and indeed, all orders of government, have their backs.” Ontario Premier Doug Ford has already vowed to slap back by pulling American alcohol off of store shelves (and into his pantry?) – as Canada is the world’s second largest market for America’s distilled spirits, behind the 27-nation EU.

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“Am I going to impose tariffs on the European Union? You want the truthful answer, or should I give you a political answer?”

• Trump Vows To ‘Absolutely’ Impose Tariffs On EU (RT)

US President Donald Trump has announced his intention to impose tariffs on the European Union, citing unfair treatment in trade practices. This follows the implementation of 25% tariffs on imports from Mexico and Canada, and 10% on Chinese goods, effective February 1. The European bloc has been bracing for possible trade restrictions under the new US administration for months after Trump issued multiple threats to impose tariffs on the EU unless specific conditions are met. In December, Trump demanded that the EU reduce its trade deficit with the US by significantly increasing purchases of American oil and gas. “Am I going to impose tariffs on the European Union? You want the truthful answer, or should I give you a political answer? Absolutely, absolutely,” Trump told reporters at the White House on Friday.

“The European Union has treated us so terribly,” the US leader added. He confirmed plans for “something substantial” against the EU but did not provide specific details regarding the targeted goods or the exact tariff rates. This is not the first instance of trade tensions between the US and the EU under Trump’s administration. In 2018, during his first term, Trump imposed a 25% tariff on steel and a 10% tariff on aluminum imports from the EU, Canada, and Mexico, citing national security concerns. In response, the EU implemented retaliatory tariffs on American products such as bourbon whiskey and motorcycles. The new tariffs on Mexico and Canada were justified by the Trump administration as measures to address issues like illegal immigration and the influx of fentanyl into the United States.

Despite warnings from economists about potential global economic repercussions, including increased inflation and disrupted supply chains, Trump has remained steadfast in his approach. On Thursday, Trump also threatened to impose 100% tariffs on BRICS nations if they attempt to undermine the “mighty US dollar” by creating an alternative currency. Members of the economic bloc have accelerated efforts to reduce reliance on third-party currencies in bilateral trade in recent years, especially after Western sanctions led to the freezing of Russia’s reserves held in dollars and euros, following the escalation of the Ukraine conflict in 2022.

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Intentionally? Ceiling is 200 feet. Chopper was at 380.

• Trump Says DC Black Hawk “Was Flying Too High… By A Lot” (ZH)

While there are countless facts still left to be uncovered and scrutinized, there’s an early indication that the worst US air disaster since 9/11 may have resulted from a flight-path deviation by the Army helicopter that collided with a passenger jet landing at Washington’s Reagan National Airport. Remarkably, it appears an identical disaster may have been narrowly avoided just one day earlier, when an airline pilot chose to abort landing after deeming another helicopter was dangerously close. Control-tower staffing is also emerging as a major concern — including a decision to allow one controller to leave work early.

Based on a determination of the UH-60 Black Hawk helicopter’s last location before colliding with American Airlines 5342 from Wichita, the Army chopper was flying above its authorized flight path, according to anonymous sources who spoke to the New York Times. The American CRJ300 stopped transmitting tracking data at 375 feet — suggesting impact occurred far above the 200-foot ceiling imposed on helicopters in that area. The Black Hawk was reportedly under the command of a female pilot with more than 500 hours of flight time. The male instructor pilot had more than 1,000 hours, while the crew chief is also said to have logged hundreds of hours. Given the shorter duration of helicopter flights, those hours are substantial, according to Jonathan Koziol, a retired Army chopper pilot who’s assigned to the Unified Command Post that’s been organized to coordinate the post-disaster efforts at the airport.

The Army has not released the names of the crew members, but the names of the two males aboard the Black Hawk have emerged via other channels: Staff Sgt. Ryan O’Hara and Chief Warrant Officer 2 Andrew Eaves. All were assigned to Bravo Company, 12th Combat Aviation Battalion, headquartered at nearby Fort Belvoir. While there are many social media posts purporting to identify the female pilot as a male-to-female trans National Guard member who on Tuesday publicized his transition, ZeroHedge cannot find authoritative confirmation of those claims as this article is being written. On Monday, President Trump issued an executive order barring transgender people from openly serving in the military. Update: The trans pilot in question, Jo Ellis, has released a video confirming he is still alive and was not piloting the Black Hawk.

The Army says the crew was conducting a routine nighttime qualification flight, with the focus on safely navigating helicopter routes in and around Washington. However, more specifically, Secretary of Defense Pete Hegseth said the crew was training for a “continuity of government mission.” That’s the name given for a response to an attack on the capital, or a major disaster that hits the city. In such an event, helicopters would be used to evacuate senior federal officials. The crashed helicopter was a standard UH-60; the battalion also flies the VH-60M variant: Distinguished by its gold top, it’s used for VIP transport.

Every day, more than a hundred helicopters buzz around Reagan National’s flight paths. Roughly 24 hours before Wednesday’s catastrophe, one of those helicopters alarmed the pilot of another commercial flight to the extent she aborted landing and went around. There are no reports on the type of helicopter. A female voice in the cockpit of Republic Airways Flight 4514 informed the tower of the problem at roughly 8:05 p.m. Tuesday, according to the audio recording of air traffic control traffic. The plane took a sharp turn to the west, made a loop to try to make a second approach, and safely landed at 8:16 p.m., flight tracking records indicate. — Washington Post. Meanwhile, concerning details have also emerged about the workloads assigned to the Reagan National air traffic controllers at the time of Wednesday night’s crash that killed all 67 aboard the two aircraft.

Staffing was “not normal for the time of day and volume of traffic,” according to a preliminary FAA document reviewed by the New York Times. Under normal staffing, one air traffic controller is responsible for helicopter traffic, while another guides landing and departing planes. However, on Wednesday night, one man was juggling both responsibilities. According to the Times, that’s because a supervisor allowed a different air traffic controller to leave before that individual’s shift had ended. There are several other factors that could have contributed to the accident. Among them: It’s not clear if the Black Hawk pilot was using night vision goggles, which can limit peripheral vision and depth perception, while also being problematic in an urban environment with its abundant lights.

Given the angles of the two flight paths, city lights may have camouflaged the lights of the American Airlines jet. “Going beak-to-beak at night, the lights of the [jet] tend to blend in with the city lights behind [it],” notes aviation YouTuber “blancolirio” in a detailed analysis of Wednesday’s scenario. “Another problem when you’re going head to head with each other is — if there’s no lateral movement in the windscreen — that light [of the other aircraft] is very hard to detect.” Potential miscommunication: While the tower asked the Black Hawk (“PAT25”) if it had the American Airlines “CRJ” (Canadair Regional Jet) in sight, some are speculating the Army pilots thought the controller was referring to a jet that was taking off to their right, rather than the doomed jet that was landing from their left. Others think they may have been looking at another jet on approach — behind American 5342.

https://twitter.com/i/status/1885116473217032426

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They’re waiting to meet until they can get tangible results.

• Trump Confirms ‘Serious Discussions’ With Moscow Over Ukraine (RT)

US President Donald Trump told reporters at the White House on Friday that he expects something “significant” to happen once he speaks with Russian President Vladimir Putin, confirming that serious discussions with Moscow are already underway. Trump, who took office last Monday, has repeatedly stated that he is ready to speak with his Russian counterpart as soon as possible to negotiate an end to the Ukraine conflict. The Kremlin previously said it was awaiting clear signals from the Trump administration. “We’ll be speaking, and I think we will, perhaps, do something that will be significant,” Trump said on Friday. “It’s just a senseless situation, and it’s got to stop. So whatever I can do to stop it… and we are having discussions, yes.”

When asked by a reporter whether that means he had already spoken with Putin or had a call scheduled, Trump responded, “I don’t want to say that.” Pressed on why he was withholding the information, he reiterated, “I just don’t want to say that.” “We’re having very serious discussions about that war, trying to get it ended,” he added, confirming that these talks are taking place “with Russia.” On Monday, Russian Deputy Foreign Minister Sergey Ryabkov stated that a phone call between the two presidents was not currently planned, as no agreement or understanding had been reached on the matter. He noted that all communication is presently being conducted at the embassy level.

Trump has pledged to negotiate a resolution to the conflict between Moscow and Kiev and has reportedly given his Ukraine envoy, Keith Kellogg, 100 days to hammer out such a settlement.Last week, the US president threatened to impose new sanctions if Moscow refused to accept an unspecified “deal” to end the conflict but maintained that he is “not looking to hurt Russia.” Russia has insisted that hostilities will only end if Ukraine commits to permanent neutrality, demilitarization and denazification, while also recognizing the territorial “realities on the ground.” Moscow has stated that it remains open to negotiations but insists that any agreement must include “reliable, legally binding agreements eliminating the root causes of the conflict.”

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Not the EU’s call. European parents don’t want their kids to be used for target practice.

• EU Divided Over Western Troops In Ukraine – Times (RT)

The European Union remains divided over the prospect of deploying a Western-led peacekeeping force to Ukraine if a ceasefire between Kiev and Moscow is reached, The Times reported on Friday, citing multiple military and diplomatic sources. Berlin opposes the idea, partly because it does not want to commit ahead of its February elections, according to the British newspaper. The Baltic states and Poland – among Kiev’s most vocal supporters throughout the conflict – are reportedly concerned that such a deployment would divert NATO’s attention and resources away from their own defense, leaving them “exposed.”

The UK, France, and the Nordic nations are the most vocal advocates for a Western peacekeeping mission. However, even among them, officials worry that the EU would not be able to carry out the operation without US involvement. A European diplomatic source told The Times that Washington’s participation would be necessary because “they have capabilities that all of Europe lacks,” including the “ability to retaliate at scale if needed.” US President Donald Trump has previously stated that Washington should not provide troops or funding for such a mission. Kiev’s European backers were also reportedly “irked” by Ukrainian President Vladimir Zelensky’s recent demand for a “minimum” of 200,000 peacekeepers – a number the EU alone would struggle to provide.

Moscow has consistently rejected the idea of Western-led peacekeepers in Ukraine. Earlier this week, senior Russian diplomat Rodion Miroshnik warned that any military force entering Ukraine without Russia’s consent would be considered a legitimate military target. “If Russia does not buy the idea it is dead and if the US does not provide a hammer the idea is dead,” an unnamed senior Western military official admitted, according to The Times. The Kremlin could perceive a large-scale NATO troop deployment in Ukraine as a significant threat to Russia, potentially serious enough to trigger another mobilization wave, Aleksey Zhuravlev, First Deputy Chairman of the Russian State Duma Defense Committee, warned on Friday.

Some EU officials believe a non-Western UN peacekeeping force, composed of troops from more neutral countries such as India, Bangladesh, or China, would be a “wiser alternative.” This approach, they argue, would not require US participation and might be more acceptable to Moscow. Kremlin spokesman Dmitry Peskov said in December that any talk of deploying peacekeepers is moot at this point, given that Zelensky signed a law banning any talks with the current Russian leadership. Russia’s Foreign Intelligence Service has warned that the West could use peacekeepers to “occupy” Ukraine and once again buy time for a new conflict with Moscow.

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aka will they admit they lost?!

• Is The EU Finally Coming To Its Senses On Russian Energy? (Amar)

All that is solid melts into air,” Karl Marx and Friedrich Engels famously proclaimed almost 180 years ago. Their Communist Manifesto was published against the backdrop of the European revolutions of 1848. But they should have seen 2025 – we are beginning to witness a mighty melting of what is un-solid about EU-NATO Europe. This time, the backdrop is not (yet) a typical revolution – street fighting, barricades, and all. But there are two historic events that, in their combined geopolitical impact, will be revolutionary, though they have been anything but unforeseeable. These are, in order of importance, Russia’s defeat of the West in Ukraine, and America’s doubling down on Trumpism. The two developments have made the sands on which the EU-NATO Europeans have built their rickety policy edifice not merely shift but cave in.

Relentless obedience to Washington has always been self-damaging, but now a reckoning is at hand with accumulating self-harm reaching a tipping point into self-destruction. It is true, on the surface, that EU-NATO Europe is still digging in its heels. The EU has just produced its umpteenth renewal of sweeping – and constantly increasing – sanctions against Russia. A faction of ten among its member countries are shouting for even more. A top energy official of the European Commission is in Washington to explore ways in which the Europeans can give in, again, to ever-increasing US pressure and buy even more ruinously expensive liquefied natural gas (LNG) from their great insatiable “ally.” Yet some, even among Europe’s current elites, are still capable of intuiting that things are so desperate that they must, finally, question even apparent axioms.

As the Financial Times has just reported, there are voices, including from EU heavyweight countries such as Germany, that dare think about the unthinkable, namely returning to openly buying inexpensive fossil fuel energy from Russia. In a less topsy-turvy world, the EU should, of course, never have stopped doing so. But as it is, one aspect of Western economic warfare against Russia was the EU’s declared – if non-binding, nota bene – intention to completely abandon its best source of cheap energy by 2027. Not that this plan has really worked. In reality, the results have been mixed. Yes, the EU has managed to make its energy supply more expensive, so that its industry is struggling to remain globally competitive, with gas costs “typically three to four times higher than in the US.”

But no, the EU has not, actually, been able to ween itself off Russian energy. Instead, Moscow, according to Bloomberg, remains one of the EU’s “top gas providers.” Indeed, 2024 has just seen record imports of LNG from Russia. It is, of course, more expensive that way than by pipeline. The (still) legal but oddly underhanded way of buying and consuming this LNG stokes tension inside the EU, but that’s apparently the way its elites prefer their commerce and politics – inconsistent, unusually dishonest, a tad absurd, and held together only by a thick glue made of foul compromises and bad blood all around. In a broader perspective, EU-NATO Europe’s current, self-inflicted energy fiasco is, of course, only one aspect of its fundamentally unsound (polite expression) decision to obediently and even fanatically join the American proxy war against Russia via Ukraine.

Since then, nothing has worked out as expected. The Ukrainian Army was beefed up with Western arms, training, intelligence, mercenaries, and “advisers” to become the West’s strongest anti-Russian proxy in history. In that shape, it was supposed to inflict a military defeat on Moscow. Yet it is Ukraine now that is struggling to survive on an increasingly desperate defensive, as even the Washington Post has recently admitted (while still, obstinately, calling for more war). Western economic warfare strategists, meanwhile, boasted that they would not just impede but ruin Russia. Yet now its economy (estimated GDP growth in 2024 of between 3.8% and 4%) is doing better than that of the EU heavyweights France (0.8%) and Germany (no growth, instead minus 0.2%), as well as the EU as a whole (0.9%).

Spain, it is true, is an outlier in Western Europe (with 3.2%) but this being an exception is the point. Its success, the Wall Street Journal reports, depends on mass tourism and the use of so much migrant labor that, without immigration, Spain’s population would be shrinking. Good luck, Germany (for instance), with replicating that recipe… In addition, Western international clout would, so Western elites made themselves believe just a few years ago, compel everyone else on Planet Earth to isolate Russia. Yet now it is the West that looks lonely. First, most of the world refused to freeze out Russia, and then the West’s ongoing massive complicity in Israel’s genocidal ethnic-cleansing attack on the Palestinians shredded the last sorry remnants of the West’s Orwellian claim to global leadership based on “value” and “rules” superiority.

As for Moscow, it’s doing just fine, quietly – and not so quietly – admired by the Global South for standing its ground against sanctions that have harmed the interests of nations of that region too, while building out Moscow’s multilateral relationships in associations such as BRICS and with partners such as North Korea and Iran, and deepening its de facto alliance with China.

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“What we were clear about all along is that beginning the process of linking ourselves more closely to the EU’s dysfunctional electricity market and energy policy is completely out of the question..”

• EU Energy Policy Row Triggers Norway Government Collapse (RT)

Norway’s coalition government collapsed on Thursday after the Euroskeptic Center Party rejected EU energy policy regulations advocated by Prime Minister Jonas Gahr Store. The move would subject people to an electricity price hike, the party leader and finance minister, Trygve Slagsvold Vedum, warned. It leaves Store heading a minority Labor Party government. The cabinet can govern until the next elections, which are scheduled for September, but has lost its majority in the parliament and could struggle to pass legislation. At the heart of the dispute is the fourth EU energy package, which is also known as “clean energy for all Europeans.” Adopted in 2019, it introduced a set of policies with a focus on renewables and “energy efficiency,” including reduced CO2 emissions, as well as a “robust governance system” for energy in the bloc.

Norway, which is not a member of the EU, is still closely tied to the bloc through the European Economic Area (EEA) and normally has to adopt the bloc’s rules unless it invokes a right of reservation. The Nordic nation is also a major oil and gas producer and exporter. The Center Party has argued that the changes advocated by Store would erode the nation’s autonomy, and maintained that Oslo should instead reclaim its authority in the area of energy policy. Earlier this week, Verdum blamed previous Conservative governments for contributing to energy price hikes in Norway by allowing the construction of undersea power lines to Germany and the UK.

“When the Labor leadership, instead of solving the problem, chooses to make the problem even bigger by tying Norway even closer to the EU in electricity policy through the introduction of the EU’s fourth energy market package, the Center Party chooses to leave the government,” he said. “We believe it is wrong to become more closely linked to the EU’s energy policy,” Vedum told NRK broadcaster on Thursday. “What we were clear about all along is that beginning the process of linking ourselves more closely to the EU’s dysfunctional electricity market and energy policy is completely out of the question,” the Center Party leader told a press conference following the decision to leave the cabinet.

The development drew criticism from Brussels. “We are not happy with Norway. The sentiment is as bad as I have known it,” an EU ambassador to Oslo told the Financial Times on Thursday, calling the Nordic nation “selfish” for “trying to keep this electricity for itself,” and profiteering off the EU through its gas exports. It’s not the first time that Norway and the EU have clashed over energy issues. In August 2022, Oslo said it could ration its electricity exports to the EU and the UK against the backdrop of a heatwave affecting its hydroelectric power production and domestic electricity price hikes. The announcement was slammed by Germany as a thinly veiled threat to put pressure on the bloc.

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“..we just need to get on our heels and say: dear Ukrainian friends, we understand everything, but we need this. Let the Russian gas through.”

• Hungary Calls For Lifting Russia Sanctions (RT)

Hungarian Prime Minister Viktor Orban has renewed calls on the EU to lift its sanction on Russia in order to realign the bloc’s policies with the new US government. Budapest has long criticized Brussels’ approach to the Ukraine conflict as being incapable of ending hostilities and damaging to the bloc’s member states. On Monday, the EU extended its existing sanctions until the end of July. Hungary refrained from blocking the measure despite its declared opposition. In a weekly interview with state-owned Kossuth Radio, Orban said Budapest has to consider the positions of other members of the economic bloc who favor the restrictions, imposed on Russia in response to the escalation of the Ukraine conflict in 2022.

”The Hungarian interest is clear: we have lost 19.5 billion ($20bn) in three years,” Orban stressed, adding that Kiev’s behavior has become more “impudent” recently, referring to Ukraine’s refusal last year to extend a contract that had been allowing the supply of Russian natural gas to European consumers, including to Hungary. Budapest has been assured that the matter would be addressed, the prime minister explained, which contributed to its decision on Monday not to block the sanctions.Given Kiev’s total dependence on foreign aid, Orban said, “we just need to get on our heels and say: dear Ukrainian friends, we understand everything, but we need this. Let the Russian gas through.”

The Hungarian leader contrasted the EU’s approach with that of newly inaugurated US President Donald Trump. Washington is pursuing a policy of peace while Brussels opts for war, Orban pointed out. In a recent interview with journalist Megyn Kelly, Secretary of State Marco Rubio stated that under President Joe Biden, the US had “somehow led people to believe” that Ukraine could achieve a military victory over Russia, resulting in a protracted stalemate that has regressed Ukraine’s development by a century. Slovakia, another consumer of Russian gas, has also criticized Ukraine’s shutdown of the transit pipeline through its territory. On Thursday, Prime Minister Robert Fico claimed that his pressure campaign against Kiev is yielding results, saying he perceived a shift in its position.

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Mutti saves the day one last time. Barely.

• Merkel Joins Virtue-Signaling Outcry Over AfD (ZH)

German mainstream politicians and media have presented that the real ‘threat’ the country is facing is not brutal terror rampages and attacks like those recently seen in Magdeburg and Aschaffenburg (both perpetrated by asylum-seeking migrants), but the fact that Alternative für Deutschland (AfD) has been polling better than ever before and having serious national influence as Friedrich Merz – Merkel’s successor as leader of the country’s conservatives – seeks to push through tighter immigration controls. All of this has triggered former German Chancellor Angela Merkel’s intervention, given the supposed ’embarrassment’ of witnessing the Christian Democrats currently relying on the AfD help to pass the new immigration bill.

The conservative CDU-CSU (Christian Democratic Union of Germany and the Christian Social Union in Bavaria) has broken the longstanding taboo of working with the AfD when on Wednesday they together passed a motion calling for a crackdown on new arrivals and strengthened border controls. Former Chancellor Merkel has blasted Merz. “I believe it is wrong,” she began in fresh comments. It marks an unprecedented intervention by the former leader since she stepped down from politics in December 2021. As is custom the former chancellor has been silent for years after leaving power. It appears the intervention worked as the conservatives on Friday have failed to pass the measure.

According to the vote and the latest:
• GERMAN CONSERVATIVES FAIL WITH FAR RIGHT-BACKED MIGRATION BILL
• GERMAN LOWER HOUSE REJECTS OPPOSITION’S DRAFT LAW ON TIGHTENING MIGRATION POLICY
• The breakdown: For: 338; Against: 350; Abstentions: 5
• Apart from Merz’s conservative CDU/CSU bloc, which submitted the immigration bill, three other opposition parties — the far-right AfD, the pro-business Free Democrats and the far-left BSW — had signaled their support. Together, they had 372 seats in parliament, more than the 367 required for a majority, and there’s a handful of independents who may also support it.
• BBG: After that result and a moment of shocked silence, the conservative leader Friedrich Merz left the chamber with sunken shoulders, his immigration bill having been unexpectedly defeated. The breakdown of the vote showing which lawmakers might have broken ranks will be an interesting read.
• Early reaction from Chancellor Scholz’s Social Democrats, a post on X from SPD Health Minister Karl Lauterbach: “What a disgrace. The whole maneuver was in vain and only damaged democracy.”

She had used the opportunity to ‘remind’ everyone there should never be any association whatsoever between the mainstream parties and the AfD. She wagged her finger at Merz for breaching the longstanding “firewall” against the AfD. They are supposed to be shunned politically… but no longer. “I think it is wrong to no longer feel bound to this proposal, thereby allowing a majority with the votes of the AfD in a vote in the German Bundestag for the first time on 29 January 2025,” she wrote on her website. The walls are closing in, and AfD party officials are grabbing the popcorn to enjoy the mainstream fallout and shrieking. Without doubt, panic is truly setting in, revealed also in how quickly anti-AfD politicians have been in invoking fears of a return to Nazis and the Holocaust:

Centre-left Chancellor Olaf Scholz charged that Merz’s tactical manoeuvre was a breach of his previous promises to shun the AfD and left him “open to the accusation that he is untrustworthy”. Scholz even raised the spectre of Merz, if he wins, one day allowing the AfD into a government — a scenario that horrifies the mainstream parties in the country still seeking to atone for the Nazi regime and the Holocaust. “Conservatives who are supporters of Nazis cannot become coalition partners,” said the co-leader of the Green Youth, Jakob Blasel. He described that this means under Merz, the “Greens must not enter a coalition with the CDU and CSU.” And Robert Habeck, the chancellor candidate for the Greens, dramatically declared it a “turning point” in Germany. “Friedrich Merz and the Union have abandoned the consensus of the political center of this house not to make common cause with the extremes,” wrote Habeck.

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“President Trump has reportedly indicated that if Republicans torpedo either Tulsi or RFK Jr., it will mean “war”.

• Tulsi Slams Deep State At Confirmation Hearing: I Refuse To Be Their Puppet (MN)

During her confirmation hearing to become President Trump’s head of national intelligence, Tulsi Gabbard hit back at Democrats and RINO ‘conservatives’ who have spent months smearing her as a Russian asset or a threat to national security. During opening remarks, Gabbard cited examples of how the intelligence community agencies have been politicised against Trump and his supporters, asserting “this must end.” Gabbard urged that Trump’s massive victory serves as a mandate from Americans to overhaul the intelligence apparatus which has been infested and weaponised by deep state operatives. Gabbard emphasized that the reason she has been so vilified and even placed on a terror watchlist is because she refuses to act as just another puppet.

“Those who oppose my nomination imply that I am loyal to something or someone other than God, my own conscience, and the Constitution of the United States—accusing me of being Trump’s puppet, Putin’s puppet, Assad’s puppet, a guru’s puppet, and Modi’s puppet—without recognizing the absurdity of simultaneously being the puppet of five different puppet masters,” Gabbard stated. She added, “The same tactic was used against President Trump and failed. The American people elected President Trump with a decisive victory and a mandate for change. The fact is, what truly unsettles my political opponents is that I refuse to be their puppet.” In a Fox News interview following the hearing, GOP Senator Josh Hawley warned Gabbard’s confirmation could be in jeopardy because of Republicans bowing to the deep state.

https://twitter.com/i/status/1885142057309921590

President Trump has reportedly indicated that if Republicans torpedo either Tulsi or RFK Jr., it will mean “war”.

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Bob Menendez gets 11 years for accepting bribes from Egypt. Bernie and Pocahontas get to keep their Senate seats despite millions from big Pharma.. “How does this differ from the $1,417,811 bribe that Big Pharma pays in campaign contributions to Senator Bernie Sanders or the $821,941 campaign contribution Big Pharma pays to Senator Elizabeth Warren?”

• The Arbitrary Hypocrisy of American “Justice” (Paul Craig Roberts)

US Democrat Senator Bob Menendez, Chairman of the Senate Foreign Relations Committee was sentenced to eleven years in prison by federal district judge Sidney Stein for acting as an illegal agent for Egypt and accepting cash and gold bars as payment. How does this differ from the $1,417,811 bribe that Big Pharma pays in campaign contributions to Senator Bernie Sanders or the $821,941 campaign contribution Big Pharma pays to Senator Elizabeth Warren? If you think these sums don’t make Sanders and Warren agents of Big Pharma, you are out of your mind. Warren is doing her Big Pharma assigned job by trying to block Robert Kennedy’s confirmation as Secretary of Health and Human Services. Congress is up for sale, and it is purchased with campaign contributions. Everyone in Washington knows that members are purchased by lobby groups, such as Big Pharma, the military/security complex, agribusiness, energy, the Israel Lobby, and so on.

A corrupt or stupid Supreme Court legalized the purchase of the US government by lobby groups. This is the reason that Congress does not represent the people who elect Congress. You can blame your lack of representation squarely on the US Supreme Court. One can’t help but wonder if there were under the table payoffs. An uninformed person might answer that Menendez was paid personally, whereas campaign contributions are not personal money. But, in fact, retiring members are entitled to take their election war fund with them. Those planning to retire pay attention to building up their re-election funds. An uninformed person might say that Menendez’s payments came from a foreign government, whereas campaign contributions are coming from American interests.

But what about the vast sums that Israel pours into purchasing the US government? What is the difference between Egypt and Israel? The difference is that AIPAC is not required to register as foreign agent and is treated as an American lobby group. All efforts to have AIPAC register as a foreign agent have been blocked. Many Zionist neoconservatives have gotten away with accepting money from Israel without having to register as representing a foreign agent. Consider also that every year the Congress appropriates billions of dollars to Israel which Israel uses to purchase the US government with campaign contributions. Our own money is used to enslave us to Israel and Jewish interests. You can see how complete Israel’s ownership of the US government is by Congress’ invitation to Genocide Netanyahu to address the US Congress and award him 53 standing ovations while he conducts genocide against Palestine.

Generally speaking, when a senator or representative is prosecuted by the Justice (sic) Department it means someone wants him out of the way. It is unclear why Menendez was in the way. He was essential on the Senate Foreign Relations Committee in getting the sanctions on Russia in place. It is unclear what he could have done for Egypt that would harm any of Washington’s interests. The sanctimonious judge Stein said: “The public cannot be led to the belief that you can get away with bribery, fraud, and betrayal.” The judge doesn’t know what he is talking about. Lobbies get away with bribing every member of the House and Senate every day. How can Trump make America Great Again when lobbies own the government?

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“Behind these histrionics by the big gators and peccaries of the collapsing Democratic Party is pure scintillating fear.”

• Six Ways From Sunday (Jim Kunstler)

Was it the miasma of cognitive dissonance blackening the air-space over the DC swamp that caused the deadly collision of AA Flight 5342 and a Blackhawk Helicopter this week — an impenetrable fog arising from the fetid exhalations of so many hyperventilating swamp creatures brooding between the urges of fight-or-flight as Mr. Trump deploys his chosen pest-controllers across the Potomac Basin? Altogether, these many parasitical swamp creatures make up the greater DC blob, and the blob convulsing and fibrillating is what you witness in these committee hearings with Bobby, Tulsi, and Kash. For instance, fake “progressive” Bernie Sanders (D-VT) faced with the reveal that he leads his colleagues in pharma “contributions” (just under $2-million) . . . or fake Cherokee Elizabeth Warren (D-MA) in a fugue state over the perceived threat of Mr. Kennedy to pharma profits . . . or presidential pardon recipient Adam Schiff (D-CA) lecturing Mr. Patel on ethical behavior. . . or Ms. Gabbard enduring the meltdown of Senate Intel Committee tool Michael Bennet (D-CO).

Behind these histrionics by the big gators and peccaries of the collapsing Democratic Party is pure scintillating fear. They are afraid that all of their hoaxes and lies of recent years will be exposed in the months ahead. And they fear that such exposure might lead eventually to legal complications for them. All of that implies loss-of-power, the single element that demonically drives their careers. The fact is they have already lost their grip on the levers of power and, for the moment, that is all that matters. They especially no longer control the Department of Justice, its subsidiary, the FBI, the many public health agencies under Health and Human Services, and the many-footed intel “community,” as it styles itself. These agencies are where the truth about our national affairs has been locked up.

Now, the citizens will either see what’s there, or find out what has been deliberately destroyed — such as the internal agency email correspondence over RussiaGate, the Covid-19 operation (and the deadly vaxx campaign), the J-6 affair (and the pipe-bomb sideshow), the weird, documented irregularities of the 2020 election, the Ukraine War money-laundering shenanigans, the manifold janky DOJ prosecutions of Mr. Trump, and much more. Every day now since January 20, heads explode all over DC as the executive orders roll out and the insanity of whatever lurked behind “Joe Biden” gets systematically expunged from the order of things. And as this happens, the more plainly deranged the past four years looks. Did they really believe that men dressing-up as women would improve the US military? Or was it a traitorous effort to weaken and demoralize our armed forces? Was DEI a public ethics exercise or a massive jobs program for incompetents?

In what way did “Joe Biden’s” Department of Homeland Security imagine that funneling known criminals, certified lunatics, and saboteurs across the border squared with their duty to protect and defend the country? And how did it happen that US taxpayers’ money got shelled out to fake “religious” NGOs in Mexico minting debit cards for border-jumpers, handing them wads of cash, cell phones, airplane tickets, fully-equipped backpacks, and apps for evading arrest? In effect these NGOs took over the exact job description of “coyote” formerly performed by the criminal cartels — leaving the cartels free for the more lucrative rackets of dealing fentanyl and trafficking women and children.

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Leave Bitcoin to the people.

• Trump is Not Going to Make US Into ‘Bitcoin Superpower’ (Sp.)

The 46th POTUS’ boasts about making the United States a global cryptocurrency powerhouse are likely just that, boasts, veteran financial analyst Paul Goncharoff tells Sputnik. The fact is that Trump is the president of the United States, “which governs the trust in, use, and control of the US dollar and not a trustless cryptocurrency like BTC, XRP, USDT, or USDC.” The US government establishing a “100% ownership and control” of a cryptocurrency, on the other hand, would simply “defeat the purpose of trustless crypto,” so the odds of a US dollar CBDC emerging anytime soon are pretty low. That said, there are no obstacles for the US government to hold crypto assets as part of its reserves – all it needs it proper legislation and congressional approval.

The loosening of crypto regulations expected under Trump, however, carries certain risks as “the clarity of what will be regulated is still missing” and “markets dislike uncertainty; it makes them jittery.” There is also “every chance” that, just like “with any other investable that comes under the influence of hype, reality, and again hype,” Trump’s actions would lead to a crypto bubble. For example, some crypto could be hyped as “the crypto of choice for classic institutional investors” and experience mass investment, only for the ensuing bubble to burst when “sobering fact of reality and the complex interaction of politics and finance make themselves known.”

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“..President Trump [..] has asked Elon Musk “to go get our astronauts stranded in orbit.” Musk responded: “will do.” Most likely it will be at his own expense..”

• Third World US Cannot Get Its Astronauts Home From Space (Paul Craig Roberts)

US Corporations, Universities, and government have driven America so deep into third world existence that Washington is incapable of rescuing its astronauts trapped in space for 200 days. Butch Wilmore and Suni Williams made what was supposed to be an eight day trip to the International Space Station and have been suck there for seven months because the United States is no longer sufficiently competent to bring them home. It was 55 years ago that Americans walked on the moon. In the years since, DEI universities have graduated ignorance instead of competence, US corporations have offshored American manufacturing and industrial capability, and a corrupt government has favored wars in behalf of Israel over everything else.

So the great, hegemonic, “superpower” cannot bring its astronauts home. Biden was too embarrassed to ask Putin to rescue the Americans. So President Trump, acknowledging America’s incapacity as a government, has asked Elon Musk “to go get our astronauts stranded in orbit.” Musk responded: “will do.” Most likely it will be at his own expense as Washington has spent its money financing Israel’s wars against Arabs and NATO’s war against Russia. To make America Great Again, a country run deep into the ground by scum Democrats, scum RINOs, scum presstitutes, and scum Woke leftwing sub-creatures, Trump has a huge task, one that scum Democrat and RINO Republican judges will try to block at every turn.” It is a fight to the death. If MAGA Americans are not prepared to fight to the death, they will lose.

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“..legally binding instruments for preventing an arms race in outer space, including tools to prohibit the deployment of space-based weapons..”

• Trump Wants To Revive ‘Star Wars’ – Zakharova (RT)

US President Donald Trump’s directive to create an American ‘Iron Dome’ missile defense system is a destabilizing step towards the weaponization of space, Russian Foreign Ministry spokeswoman Maria Zakharova has said. Trump’s executive order to develop advanced missile defenses, issued earlier this week, authorizes the creation of “space-based interceptors,” among other things, the diplomat told reporters on Friday. “We see this as yet another confirmation of the US focus on turning space into an arena for armed confrontation, warfare, and the deployment of weapons,” Zakharova said.

This would “completely discredit” the previous US administration’s initiative to develop “certain norms, rules and principles” of behavior in space, and would violate the ban on testing direct-ascent and satellite-killer missiles, she added. Trump’s decisions “indicate Washington’s intention to actively develop and expand deeply destabilizing military programs,” Zakharova said, noting that it would expand missile defenses “to a scale comparable to Reagan’s ‘Star Wars’.” President Ronald Reagan had envisioned a missile shield as part of the Strategic Defense Initiative (SDI), a Cold War program nicknamed ‘Star Wars’ at the time. Reagan’s proposal touched off an arms race between the US and the Soviet Union.

The US never managed to develop the space-based weapons Reagan wanted, however, and the tensions eventually waned with the signing of several arms-control treaties. Washington has since abrogated almost all of them, including the ABM treaty banning strategic missile defenses to the INF treaty limiting short- and intermediate-range missiles in Europe. Trump’s program is “openly aimed” at devaluing the Russian and Chinese strategic deterrent, which “will not contribute to reducing tensions or improving the situation in the strategic sphere, including creating a basis for a fruitful dialogue on strategic armaments,” Zakharova said on Friday. Such dangerous ideas reinforce the importance of Russia’s proposals to create legally binding instruments for preventing an arms race in outer space, including tools to prohibit the deployment of space-based weapons, she added.

The January 27 executive order instructs the Pentagon to create a plan for protecting the US territory from “ballistic, hypersonic, advanced cruise missiles, and other next-generation aerial attacks from peer, near-peer, and rogue adversaries” using a multi-layered missile shield. Such an “Iron Dome” – a name borrowed from Israel’s short-range missile defense – would include the “development and deployment of proliferated space-based interceptors,” capable of shooting down incoming ballistic missiles during their boost phase, as well as unspecified “capabilities to defeat missile attacks prior to launch,” according to the text of the order.

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Who is stealing from whom?

• The US is Turning Into a Crybaby Empire (Sp.)

Washington seems to have developed a new habit — throwing tantrums whenever it falls behind. When did “American greatness” turn into nonstop whining?

‘Hostile’ BRICS dares to challenge ‘mighty US dollar’ US President Donald Trump has once again threatened BRICS countries with 100% tariffs if they dare to create a new currency — despite Russian President Vladimir Putin already clarifying that a unified BRICS currency isn’t even on the table.

DeepSeek: the latest ‘stolen’ US tech scandal Trump declared that the Chinese DeepSeek platform’s market success “should be a wake-up call for our industries that we need to be laser-focused on competing to win.” (Jan 28). His commerce secretary nominee, Howard Lutnick, immediately jumped in to claim that China’s powerful AI model was built on “stolen” US technology and advanced semiconductors. (Jan 29)

Hypersonic weapons: Russia ‘stole’ those too? Trump alleged — without evidence — that Russia “stole” US hypersonic missile designs during the Obama administration. (Jan 23) He made the same claim in 2020, again in 2023, and now, yet again in 2024. Moscow has consistently shredded and mocked these accusations.

China ‘stole’ American jobs Trump has repeatedly blamed China for “stealing” American manufacturing jobs. However, it was American companies that eagerly rushed to China in the 1980s after its economic reforms under Deng Xiaoping.

TikTok is bad… because it calls the shots “Essentially, with TikTok, I have the right to sell it or close it,” Trump declared on Jan 20. Washington has repeatedly tried to ban the popular Chinese social media app — which is used by at least one-third of US adults — and twist China’s arm to force the sale of TikTok’s US operations.

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DeepSeek

 

 

Hornbill

 

 

Tape

 

 

Duck support
https://twitter.com/i/status/1885140945395765688

 

 

Herds
https://twitter.com/i/status/1884996373067472967

 

 

ATGB
https://twitter.com/i/status/1885069255374147648

 

 

 

 

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