Mar 202025
 


Caravaggio I musici 1595-96

 

Ukraine Ceasefire ‘Within Weeks’ – Steve Witkoff (RT)
Zelensky Makes New Victory Promise (RT)
Trump Derangement Syndrome Could Be Recognized As A Mental Illness (RT)
Trump Will Run Again In 2028 – Steve Bannon (RT)
Here’s Why Trump Is Talking Peace With Putin (Timofeev)
Trump Looking To Give Up US Command of NATO – NBC (RT)
Trump Wants US Ownership Of Ukraine’s Energy Facilities – White House (RT)
Italy and Spain Reject EU’s Ukraine Spending Hike – Reuters (RT)
Biden Autopen Actions ‘Non-Delegable’ and ‘Invalid,’ Legal Analysis Finds (DS)
USPS Calls on DOGE for Help, but Is It Too Little Too Late? (PJM)
The Judiciary Is Attempting to Seize Executive Power (Paul Craig Roberts)
Trump to Sign Order to Eliminate Department of Education (ET)
Judge Temporarily Blocks EPA From Canceling Climate Grants (ZH)
Trump Fires Democrat FTC Commissioners (ZH)
A Hard Rain’s a-Gonna Fall – From The West Down To The East (Pepe Escobar)
The Kingdom of Judea vs. The State of Israel (Alastair Crooke)
President Trump: Stop Bombing Yemen and Exit the Middle East! (Ron Paul)
What Will US Trade Wars With Canada, Mexico And Europe Lead To? (Pacini)

 

 

 

 


https://twitter.com/AutismCapital/status/1902175105305981196
https://twitter.com/VigilantFox/status/1902173370579337700

Rogan Musk

Sachs

Bessent

American Academy
https://twitter.com/i/status/1902100705969594607

 

 

 

 

“According to Witkoff, more progress was made on March 18 than in the “last three and a half years,..

Ukraine Ceasefire ‘Within Weeks’ – Steve Witkoff (RT)

A complete ceasefire in the Ukraine conflict will likely be implemented within “a couple of weeks,” US President Donald Trump’s special envoy, Steve Witkoff, has stated. He also said that sanctions imposed by Washington on Moscow could be relaxed once they reach such an agreement. Commenting on the phone call on Tuesday between Trump and his Russian counterpart, Vladimir Putin, Witkoff hailed the conversation as “epic” and “transformational.” “President Trump and President Putin were in sync with one another, the call was outcome-oriented,” the official said. He confirmed that the two leaders agreed on a “cessation of attacks on energy infrastructure, from both [Russia and Ukraine], and civilian infrastructure for that matter.” Trump and Putin also undertook to work “toward a Black Sea moratorium on hits on naval vessels and freighters carrying grain and things of that sort.”

Witkoff expressed hope that these initial steps would “evolve into a full-on ceasefire, which is a bit more complicated because there is a 2,000-kilometer border, there’s [Russia’s] Kursk [Region], and there’s a lot of details that go into that.” Commenting on the Russian Defense Ministry’s report that its air defenses had shot down their own drones headed for Ukrainian energy infrastructure after receiving an order to halt such attacks overnight, Trump’s special envoy told Bloomberg TV, “I tend to believe that President Putin is operating in good faith.” According to Witkoff, more progress was made on March 18 than in the “last three and a half years,” with important “trust-building” steps being taken now. President Trump and President Putin “went into how you would put the finishing touches on a full-on ceasefire,” with technical teams expected to meet in Saudi Arabia beginning next Monday or Tuesday, the White House envoy revealed.

“I actually think in a couple of weeks, we’re gonna get to [a ceasefire],” Witkoff told the outlet. When asked about a possible in-person Trump-Putin meeting in Saudi Arabia, the US official said that “my best bet would be that it’s likely to happen.” He reiterated that the two heads of state have a “great rapport,” dating back to Trump’s first term in office, which was “on display yesterday.” While the two leaders “did not discuss specifically sanctions yesterday… everybody is open” to such a conversation down the road, Witkoff added. Once a ceasefire in Ukraine takes hold, “everything else will be a detail: sanction relief and all the other things that go with a full-on peace treaty,” he predicted.

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“Following Putin’s order the Russian military had to shoot down seven of its own kamikaze drones launched at Ukrainian energy facilities..”

Zelensky Makes New Victory Promise (RT)

Ukraine’s Vladimir Zelensky on Wednesday reiterated his pledge to achieve a victory over Russia, as he touted an upcoming phone call with US President Donald Trump. Zelensky made the remarks during a press conference alongside Finnish President Alexander Stubb, during which he expressed hope that Trump will brief him on Tuesday’s talks with Russian President Vladimir Putin. “Today I will have contact with President Trump. We will discuss the details with him today. I am thinking about the details of the next steps. Well, and I think I will hear from him the details of his conversation with Putin,” Zelensky stated, reiterating his determination to achieve a victory. “And we live, we defend ourselves, we survive, we fight for our sovereignty and our independence. And we will definitely win this war,” he said.

The conversation between Putin and Trump lasted for 2.5 hours, during which the presidents focusing on the Ukrainian crisis and ways to resolve it. Putin backed Trump’s proposal of a mutual 30-day suspension of strikes on energy infrastructure facilities and repeatedly “immediately” ordered a halt to such strikes, according to the Russian defense ministry. Zelensky publicly backed the idea shortly after the Trump-Putin talks concluded. However, he expressed concerns about how exactly the pause could be implemented. “If Russia stops striking our targets, we will definitely stop hitting targets in Russia. But Putin’s promises alone are not enough; there must be control. The main subject of this control must be the US,” he said during the press conference.

Following Putin’s order the Russian military had to shoot down seven of its own kamikaze drones launched at Ukrainian energy facilities. A few hours after the Putin-Trump talks concluded, Kiev attacked a Russian oil pumping station with three fixed-wing kamikaze drones. The attack sparked a massive fire at the facility, the military noted, describing the incident as “yet another provocation deliberately staged by the Kiev regime to derail the peace initiatives coming from the US president.”

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“..the acute onset of paranoia in otherwise normal persons that is in reaction to the policies and presidencies of President Donald J. Trump.”

Trump Derangement Syndrome Could Be Recognized As A Mental Illness (RT)

Republican lawmakers in Minnesota have introduced a bill seeking to amend state law to classify ‘Trump Derangement Syndrome’ (TDS) as a mental disorder. The proposal defines TDS as a condition affecting individuals who react irrationally to US President Donald Trump’s policies and presidency. The term ‘Trump Derangement Syndrome’ has been widely used by Trump supporters and conservative commentators to describe strongly negative reactions to the Republican leader. The Minnesota bill was introduced on Monday by five GOP lawmakers who proposed adding TDS to the state’s official list of mental disorders, defining it as “the acute onset of paranoia in otherwise normal persons that is in reaction to the policies and presidencies of President Donald J. Trump.”

The text of the bill claims that TDS can manifest in behaviors such as “verbal hostility or acts of aggression against those with differing political opinions.” The proposal further suggests that individuals with TDS struggle to differentiate between political disagreements and psychological conditions. Senator Glenn Gruenhagen, one of the bill’s authors, defended the proposal, arguing that the “irrational behaviour” exhibited by some Trump critics indicates a “deeper psychological problem” and that the bill seeks to address this issue, “not mere political disagreements.” “We should be able to have civil debates without demonstrating violent and unreasonable reactions such as burning down Tesla dealerships, threatening people who wear Trump hats or committing road rage at the sight of a Trump bumper sticker on a person’s car,” the senator wrote in a Facebook post.

At the same time, Gruenhagen has acknowledged that despite its introduction, the bill is unlikely to pass the Minnesota Senate where Democrats hold a narrow majority. “Of course, we all know that the Democrats and Governor Walz will never allow this bill to pass anyway, so take a deep breath and calm down,” he wrote, referring to the outrage stirred by the bill in the Minnesota Capitol. Critics of the term TDS have argued that it is a rhetorical tool used to dismiss legitimate criticism of Trump’s policies and behavior. Some have also pointed out that the label could apply to Trump supporters who react aggressively to opposition against him.

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Nothing could trigger Trump Derangement Syndrome more than merely mentioning this:

Trump Will Run Again In 2028 – Steve Bannon (RT)

President Donald Trump will find a way to bypass America’s constitutional two-term limit and run again in 2028, former White House strategist Steve Bannon has said. The 22nd Amendment to the US Constitution states that “no person shall be elected to the office of the President more than twice.” Bannon, however, who led Trump’s 2016 election campaign, has argued that Trump would be able to secure a third term. “I’m a firm believer that President Trump will run again in 2028. I’ve already endorsed President Trump,” Bannon told NewsNation’s Chris Cuomo on Wednesday. “A man like this comes along once every century if we’re lucky. We’ve got him now. He’s on fire, and I’m a huge supporter. I want to see him again in 2028,” he added. When asked how Trump would bypass the constitutional ban on a third term, Bannon replied, “We’re working on it.”

“I think we’ll have a couple of alternatives, let’s say that. We’ll see what the definition of term limit is,” the former Breitbart News chairman said. “We’ve had greater longshots than Trump 2028. We’ve got a lot of stuff we’re working on. We’re not prepared to talk about it publicly.” When asked if he was implying a violent revolution or an insurrection, Bannon said, “No. We are big believers in democracy.” The strategist said that the Trump supporters intend to mobilize their voting base, including low-propensity and low-information voters. Trump has repeatedly joked about the possibility that he could serve more than two terms. In January, he told a crowd of supporters in Nevada, “It will be the greatest honor of my life to serve, not once but twice or three times or four times.”

Earlier this year, Republican Congressman Andy Ogles proposed to amend the Constitution to allow presidents who did not serve two consecutive terms to serve three terms in total. “It is imperative that we provide President Trump with every resource necessary to correct the disastrous course set by the Biden administration,” Ogles said in January. Trump was first elected in 2016, defeating former Secretary of State Hillary Clinton. He ran for reelection in 2020 but lost to former Vice President Joe Biden. Trump won his second term last year, defeating Biden’s hand-picked successor, Kamala Harris. The two-term restriction was included in the US Constitution in response to Franklin D. Roosevelt serving an unprecedented four terms in office. Before him, presidents had only served one or two terms.

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“Russia is willing to incur significant losses and take substantial risks in order to defend its fundamental security interests. It is not willing to back away,..”

Here’s Why Trump Is Talking Peace With Putin (Timofeev)

Tuesday’s talks between Russian President Vladimir Putin and US President Donald Trump have marked a shift towards the resolution of the Ukraine conflict. However, given the number of unresolved issues, the results are still unclear and a setback could occur at any moment. The flaws in the European security system will continue to jeopardize prospects for normalization for a long time. Nonetheless, the window of opportunity for achieving peace is still open. The motivation to leverage these circumstances is shaped by the results that Russia has achieved in its military operation so far, as well as the potential scenarios that could unfold for both sides if the conflict continues.

Among the key results, we may note Russia’s readiness to use force to defend its interests in Europe. For three decades following the conclusion of the Cold War, Moscow’s ability to protect its interests using force was often dismissed. The military operation in Ukraine put an end to this misconception. It has demonstrated that security relations with the West had become so complicated that, from Russia’s perspective, there appeared to be no other option. It became clear that the use of force and a large-scale conflict in Europe were real possibilities, so Moscow’s demands and concerns couldn’t be brushed aside with vague reassurances. Russia is willing to incur significant losses and take substantial risks in order to defend its fundamental security interests. It is not willing to back away, even if it can save face by doing so.

In the field of diplomacy, it’s notable that the non-Western countries have not formed any major anti-Russia coalitions. The Western bloc, united against Russia, has failed to pull in additional players. China, India, Brazil, South Africa – and others – have distanced themselves from sanctions policies. While businesses in these nations are wary of the secondary sanctions that could be imposed by the US and are not always eager to engage with our country, their governments have avoided imposing anti-Russia measures.

Trade with many nations in the Global South has surged. These countries have neither adopted a pro-Russian stance, nor formed a unified anti-Western front. However, discussions about diversifying global finance, trade, and political institutions have gained considerable traction. Ultimately, the resilience of the Western coalition has begun to falter. The new US administration seems to have recognized that the conflict has reached a dead end and has taken preemptive steps to end it.

Among the diplomatic outcomes, we may note Moscow’s ability to contain the escalation of military support for Ukraine. For an extended period of time, Russia’s ‘red lines’ were often crossed, as it struggled to halt increasing weapons supplies to Ukraine. These deliveries increased, with weapons systems becoming more long-range and lethal. Changes in Russia’s nuclear doctrine and the deployment of a new medium-range missile with a non-nuclear configuration have provided a crucial deterrent signal against the potential mass use of Western cruise missiles and other weapons systems by Ukraine.

Another significant outcome has been the ability to engage in a large-scale conflict with an opponent that has received substantial Western support in the form of weapons, intelligence, and funding. Russia’s defense industry has managed to maintain a high pace and scale of operations, quickly adapting to the new challenges posed by advancements in military technology, including the production and use of drones. At the same time, Moscow has essentially maintained an expeditionary approach in its military actions, avoiding extensive mobilization and instead relying on military volunteers and contract soldiers. The ability to conduct a large-scale and sustained military operation with a professional, rather than conscripted army has been a key interim achievement.

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In Europe, that is.

Trump Looking To Give Up US Command of NATO – NBC (RT)

US President Donald Trump is reportedly considering giving up Washington’s exclusive role in leading NATO’s military command, NBC News has claimed, citing defense officials. The outlet said Trump is exploring the possibility of relinquishing control of the office of Supreme Allied Commander Europe (SACEUR), which has been held by a US four-star general since the bloc’s founding in 1949. The SACEUR is tasked with overseeing NATO military operations in Europe. The position is currently held by Gen. Christopher G. Cavoli, who has also been in charge of NATO’s coordination of military assistance to Kiev throughout the Ukraine conflict.

If the US does give up ownership of the role, it would likely be filled by one of NATO’s European member states. According to NBC, Trump weighing the move is part of a broader effort to restructure US military commands and reduce defense expenditures. The report states that his administration has been looking into cutting costs within the Department of Defense. Over the years, Trump has repeatedly criticized NATO. Following his inauguration in January, he urged European bloc members to increase their defense spending and warned that the US would not be responsible for defending NATO countries that do not meet their financial obligations.

Trump has also claimed that NATO’s expansion and its outreach to Ukraine under former US President Joe Biden were among the factors that led to the current conflict. Russia has consistently condemned NATO expansion towards its borders, describing the bloc as a threat to its national security. Russian officials, including President Vladimir Putin, have also repeatedly stressed that NATO’s push to include Ukraine was one of the root causes behind the escalation of the conflict in 2022. The NBC report did not specify whether Trump has made a final decision on relinquishing the SACEUR position, and the extent to which the proposal is under consideration remains unclear. The US Defense Department has also not commented.

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“American ownership of those plants would be the best protection for that infrastructure..”

Trump Wants US Ownership Of Ukraine’s Energy Facilities – White House (RT)

US President Donald Trump has proposed an American takeover of Ukrainian power plants, suggesting it would be the best way to protect the infrastructure, the White House has revealed. The idea was floated by Trump during a phone conversation with Ukraine’s Vladimir Zelensky on Wednesday, described by the US president as a “very good” call. “President Trump also discussed Ukraine’s electrical supply and nuclear power plants. He said that the United States could be very helpful in running those plants with its electricity and utility expertise. American ownership of those plants would be the best protection for that infrastructure and support for Ukrainian energy infrastructure,” according to a statement by US Secretary of State Marco Rubio and National Security Adviser Mike Waltz released shortly after the call.

The Trump-Zelensky phone call comes a day after the US president held a conversation with his Russian counterpart Vladimir Putin. They discussed the Ukraine crisis, with Trump floating the idea for Moscow and Kiev to halt long-range strikes on energy infrastructure. Putin backed the proposal and ordered a halt to such strikes immediately. The Russian military said it had to shoot down seven kamikaze drones en route to Ukrainian energy facilities when the order was issued. Ukraine’s leader has publicly backed the idea as well, albeit expressing concerns about how exactly the truce would be implemented and monitored. Following the phone talk with Trump, Zelensky appeared to offer a broader definition of targets that should be avoided during the period, including unspecified “civilian infrastructure.”

“One of the first steps toward fully ending the war could be ending strikes on energy and other civilian infrastructure. I supported this step, and Ukraine confirmed that we are ready to implement it,” Zelensky said in a statement. Overnight, Kiev attacked an oil pumping facility in Russia’s south with three fixed-wing drones. The strike sparked a massive blaze at the site, the Russian military said. The attack was “yet another provocation deliberately staged by the Kiev regime to derail the peace initiatives coming from the US president,” the Russian Defense Ministry said.

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“..Lavrov said earlier this month that the Trump administration is “guided by common sense. They say outright that they want to end all wars, they want peace. And who demands a continuation of the banquet in the form of a war? It is [Western] Europe.”

Italy and Spain Reject EU’s Ukraine Spending Hike – Reuters (RT)

The EU’s third and fourth largest economies – Italy and Spain – are skeptical about the bloc’s idea of doubling military aid to Ukraine, Reuters has reported. Proposed by renowned Russia hawk and EU foreign policy chief Kaja Kallas, the plan would increase the bloc’s cashflow to Kiev from €20 billion ($20,9 billion) last year to €40 billion ($43,7 billion) in 2025. Following a meeting of EU foreign ministers on Monday, Kallas acknowledged that her proposal had “broad,” but not unilateral, support among the 27 member states. She has been pushing for more EU aid to Kiev amid concerns in Brussels that US President Donald Trump could stop the flow of American arms to the government of Vladimir Zelensky.

Earlier this year, Kallas, along with NATO chief Mark Rutte urged EU members against prioritizing social welfare over military spending, arguing that billions already invested in healthcare, education and other areas would be “at risk” if the bloc is unable to defend itself from a supposed “Russian threat.” The idea of ramping up EU military aid to Ukraine has “strong backing” from northern and eastern European countries, the agency said in an article on Monday, citing diplomatic sources. However, some southern European capitals, further away from the Russian border, have been “more reticent,” it noted. Speaking before the meeting in Brussels, the foreign ministers from Italy and Spain made it clear that it was too early to take a definitive stance on Kallas’ proposal, Reuters said.

Italian FM Antonio Tajani said that the decision on doubling aid to Kiev should be made taking into account the progress in the talks between Moscow and Washington. He also noted that Rome needed money to increase its own defense spending. Spain’s top diplomat Jose Manuel Albares reminded that Madrid did not wait for Kallas to make her proposal and had already committed to providing 1 billion euros (around $1.1 billion) in military aid to Ukraine this year. Even France, which has been one of the strongest backers of Ukraine during the conflict with Russia, has questions about Kallas’ plan, according to the diplomats.

During the ministers’ discussions, Hungary and Slovakia, who have long been critical of EU military assistance to Kiev, said that they will not participate in the initiative, Reuters said. EU officials have assured Reuters that Budapest and Bratislava would not be able to block Kallas’ proposal as increased contributions to Ukraine would be voluntary. Russian Foreign Minister Sergey Lavrov said earlier this month that the Trump administration is “guided by common sense. They say outright that they want to end all wars, they want peace. And who demands a continuation of the banquet in the form of a war? It is [Western] Europe.”

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“Howell predicted the end of the Democrat Party, which he said will meet its demise “defending terrorists, transgenders, and autopens.“

Biden Autopen Actions ‘Non-Delegable’ and ‘Invalid,’ Legal Analysis Finds (DS)

The pardon authority is the president’s alone and cannot be delegated, according to a legal analysis by The Heritage Foundation’s Oversight Project. The watchdog group—which first conducted an analysis of former President Joe Biden’s White House use of autopen—released a memo late Monday night on the matter, bringing the numerous acts of clemency into question. “Every leftist who shrieked, whined, and moaned about defending democracy is a complete hypocrite if they are not outraged by the antidemocratic action on the scale of presidential actions enacted by people who were never elected to anything,” Oversight Project Executive Director Mike Howell told The Daily Signal Tuesday. Howell added, “The pardons are as valid as a $3 bill.”

The legal analysis came after President Donald Trump, based on the Oversight Project’s investigative work, said he would nullify the pardons. Pardons included members of Biden’s family, members of the House Jan. 6 committee, former National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci, and former Chairman of the Joint Chiefs Gen. Mark Milley. “If President Biden’s non-delegable official actions were not his own, then they are invalid,” the analysis says. “Start with the Constitution. Multiple Constitutional provisions, like the pardon power, vest those powers solely in the president. In those cases, the president affixing his signature is his execution of the acts as president.” The use of the autopens occurred amid broad speculation about whether Biden had enough cognitive capacity to carry out the job of president.

An early 2024 Justice Department report by special counsel Robert Hur—regarding Biden’s handling of classified information—found Biden had “diminished faculties” during the counsel’s interview. Biden’s own Democrat Party eventually forced him off the 2024 ticket during last year’s election. Howell predicted the end of the Democrat Party, which he said will meet its demise “defending terrorists, transgenders, and autopens.” “If we have autopen, we don’t really need them anyway,” Howell said. The use of autopen is not new for presidents and staffers, but has traditionally been for minor or routine proclamations. Howell stressed that after the John F. Kennedy assassination, the 25th Amendment was enacted to ensure a process is in place if an incapacitated president is not able to serve. In this case, the autopen was misapplied, Howell said.

“This was a device used as a workaround of the 25th Amendment,” Howell said. Based on a 2005 Justice Department Office of Legal Counsel finding, it’s permissible to use autopen signatures for legislation. The Oversight Project contends the DOJ was wrong in its conclusion. Nevertheless, the DOJ’s Office of Legal Counsel 2005 opinion states, “we are not suggesting that the president may delegate the decision to approve and sign a bill, only that, having made this decision, he may direct a subordinate to affix the president’s signature to the bill.” The Oversight Project analysis adds, “Thus, the Biden administration’s use of the autopen may well have been contrary even to the most permissive interpretation of the law.”

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“The USPS has been bleeding money for a long time, including a whopping $9.5 billion in the last fiscal year..”

USPS Calls on DOGE for Help, but Is It Too Little Too Late? (PJM)

In D.C., DOGE is the talk of the town. Whether it’s conservatives applauding every move Elon Musk’s governmental organization makes or bureaucrats crying about having to account for their time at work, everybody can’t stop talking about DOGE. This includes the United States Postal Service (USPS), which has authorized DOGE to swoop in and save the day.“The U.S. Postal Service has authorized Elon Musk’s Department of Government Efficiency to help eliminate red tape hurting financial and operational performance in a move Democrats decried but some postal workers say could be beneficial,” reports FreightWaves.“It also gave concrete figures on previously announced force reductions, saying it expects to eliminate 10,000 jobs through a voluntary early retirement program,” the report continues. “Meanwhile, postal workers and community activists this week plan to protest Trump administration expressions of interest in selling the Postal Service to private sector owners.”

The USPS has been bleeding money for a long time, including a whopping $9.5 billion in the last fiscal year. Yet shipping prices keep going up while service has been dissatisfactory for millions of Americans. Postmaster General Louis DeJoy, who is leaving his office once the Trump administration identifies a successor, has been trying to turn things around for about three years. He set out to make the USPS profitable by the end of this decade, although it sounds like a fool’s errand of the highest order. DeJoy told lawmakers last week that he signed an agreement with DOGE and the General Services Administrations to identify inefficiencies and, as FreightWaves reports, “tackle big challenges related to retirement benefit calculations and investments, which have been a drag on Postal Service finances, and reform the Postal Regulatory Commission.”

“The Postal Service once faced the immediate threat of insolvency, which would have required a taxpayer bailout…” DeJoy wrote to congressional leaders. “Our efforts have provided a lifeline to our organization and [a pathway that is] financially sustainable. I ask that you please engage with the Postal Service, our DOGE representatives, and the federal agencies that need… to correct for the deficiencies of the past.” DeJoy believes that fixing accounting errors and revamping pension and worker’s compensation programs will help the USPS become more solvent, which is why he’s seeking DOGE’s help. He also believes that cutting burdensome regulations can save money. But, naturally, Democrats and left-wing media outlets are up in arms.

“As you explain in the letter, this agreement authorizes DOGE to ‘assist’ the Postal Service, presumably in making drastic cuts to Americans’ mail service and firing thousands of postal employees,” Rep Gerry Connolly (D-Va.) carped in a press release disguised as a “letter” to DeJoy. “The actions of employees operating under the ‘DOGE’ moniker have thus far been shielded from transparency and accountability, but this cannot continue.” “This backroom agreement between the billionaire-led DOGE and Postmaster DeJoy sets off alarm bells about this administration’s plans for the Postal Service’s role as a cornerstone public institution,” complained a bunch of Democrats in another letter. (These folks love them some letters.) And the Daily Beast rushed out with the breathlessly melodramatic headline, “USPS Chief Calls in DOGE to Slash Your Local Post Office.”

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I looked it up. There are 677 district judges in the US.

The Judiciary Is Attempting to Seize Executive Power (Paul Craig Roberts)

Biden judge Tanya Chutkan orders EPA not to obey a presidential order to terminate waste, fraud, and abuse. Chutkan was admonished by the US Supreme Court last June for ignoring presidential immunity and rushing a politically motivated case against Trump just prior to election season. Biden judge Ana Reyes ordered the Defense Department not to enforce a presidential directive to ban transgender people from serving in the military. No Democrat judge blocked the Biden Defense Department’s order to put promotions of white heterosexuals on hold while transgendered, homosexual, and blacks were promoted in their place.

Obama judge James Boasberg ordered planes in flight deporting dangerous immigrant-invader gang members to return the illegal aliens to the US. President Trump called for the lunatic judge’s impeachment, and Republican Supreme Court justice Roberts (no relation) upbraided Trump. Boasberg’s order is especially egregious as is Justice Roberts upbraiding of Trump. It seems neither Boasberg nor Roberts are sufficiently competent to know that the US Supreme Court has previously ruled that deportations under the Alien Enemy Act are not subject to judicial review.

I predicted that the judiciary would be the main obstacle to American renewal. So many incompetent and unqualified people have been put on the bench that the judiciary is an obstacle to governance. So many judges have been put on the bench because of where they stand on liberal causes such as abortion and who use judicial rulings to legislate their personal preferences that the institution of the judiciary is a dangerous threat to the United States. The only solution is to ignore the corrupt judiciary, or perhaps they should all be removed and we start over. The US judicial system is so cumbersome that an appeal of a ruling against a president can take longer than a presidential term. This makes it so easy for ideological judges to prevent governance.

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Bring the lawfare!

Trump to Sign Order to Eliminate Department of Education (ET)

President Donald Trump is expected to sign an executive order on March 20 that will facilitate the dismantling of the U.S. Department of Education, taking a step toward fulfilling a campaign pledge. The order, which has been under preparation for weeks, will be signed at a White House event with several Republican governors and state education commissioners in attendance, as confirmed by the White House. The plan was first reported by USA Today. Trump will direct his recently confirmed Education Secretary Linda McMahon to take all required steps to prepare for the closure of the Education Department and transfer its authority to the states, according to a White House fact sheet obtained by NTD TV, sister media of The Epoch Times.

According to the fact sheet, the order also aims to ensure that, throughout the process, there is no disruption in the delivery of services, programs, and benefits that Americans rely on. The order also instructs that any programs or activities receiving remaining Department of Education funds will not promote diversity, equity and inclusion (DEI) or gender ideology. The Department of Education did not immediately respond to a request for comment. McMahon, confirmed by the Senate on March 3, said in her first message to employees—titled “Our Department’s Final Mission”—that her “vision is aligned with the president’s: to send education back to the states.”

She added, “Our job is to respect the will of the American people and the President they elected, who has tasked us with accomplishing the elimination of bureaucratic bloat here at the Department of Education—a momentous final mission—quickly and responsibly.” The Department of Education employed about 4,200 workers before its recent termination of around 1,300, and the buyout of another 600. The agency’s current form stems from a 1979 law that made it independent by splitting it from the Department of Health, Education, and Welfare. The federal government’s role in education, according to the White House, has failed students, parents, and teachers.

National Assessment of Educational Progress (NAEP) scores demonstrate that student achievement has not improved, despite more than $3 trillion invested since the Department of Education’s inception in 1979, according to the fact sheet. Trump promised on the campaign trail to abolish the Department of Education, alleging it is responsible for indoctrinating America’s youth. On Feb. 4, Trump cited global rankings that have the United States behind many other countries, despite spending the most per student. He suggested at the time that he could work with Congress and teachers’ unions to abolish the agency but also did not rule out issuing an executive order.

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It’s Judge Tanya Chutkan again!

Judge Temporarily Blocks EPA From Canceling Climate Grants (ZH)

A federal judge on March 18 blocked the Environmental Protection Agency (EPA) from terminating grants that were part of a $20 billion climate funding program created by the previous administration. In a 23-page ruling, U.S. District Judge Tanya Chutkan issued a temporary restraining order to prevent the EPA from terminating grants awarded to three environmental groups—Climate United, Coalition for Green Capital, and Power Forward Communities—and block Citibank from transferring the funds back to the government. According to the court ruling, the EPA explained that it was terminating the grants because of multiple ongoing investigations into “programmatic waste, fraud, and abuse and conflict of interest.” Chutkan said the evidence was insufficient, as the agency failed to provide specific information about the investigations, factual support for the decision, or an individualized explanation for each plaintiff.

“Based on the record before the court, and under the relevant statutes and various agreements, it does not appear that EPA Defendants took the legally required steps necessary to terminate these grants, such that its actions were arbitrary and capricious,” the judge wrote. Chutkan said the plaintiffs would face imminent harm if Citibank were to transfer the funds—which they use to pay staff, rent, and fund projects—out of their accounts, as the money would be unrecoverable by then. The judge stated that the plaintiffs have no cash or reserves available to cover their operating expenses and have no other committed sources of funding that could replace the grants. Climate United was awarded $6.97 billion, the Coalition for Green Capital received $5 billion, and Power Forward Communities received $2 billion last year through the Greenhouse Gas Reduction Fund, which was created under the Inflation Reduction Act.

Their grants, held by Citibank, were part of the $20 billion in funding the Biden administration awarded to eight entities for projects aimed at curbing pollution. The three nonprofits filed the lawsuit on March 8 after Citibank withheld their funding and their grants were terminated. The plaintiffs alleged that the EPA’s decision to terminate their grants was unlawful. Climate United CEO Beth Bafford said in a statement that the preliminary injunction was “a strong step in the right direction” for their legal challenge against the EPA. “In the coming weeks, we will continue working towards a long-term solution that will allow us to invest in projects that deliver energy savings, create jobs, and boost American manufacturing in communities across the country,” Bafford stated.

Commenting on the ruling, EPA administrator Lee Zeldin said the former Biden administration awarded the grants to “politically connected” nonprofit organizations “in a manner that deliberately reduced the ability of EPA to conduct proper oversight.” Zeldin vowed to claw back the funding and ensure that “every penny EPA spends” is directed toward its core mission of protecting human health and the environment. “I will not rest until these hard-earned taxpayer dollars are returned to the U.S. Treasury,” the EPA head said in a statement. Zeldin said last month that the EPA had decided to rescind the grants for climate and clean-energy projects because of concerns over lack of oversight and transparency.

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“We are still commissioners. We’re suing to make that clear for everyone..”

Trump Fires Democrat FTC Commissioners (ZH)

President Trump has fired the two Democrats sitting on the Federal Trade Commission. Rebecca Slaughter – a former legal advisor to Sen. Chuck Schumer (D-NY), and Alvaro Bedoya – a former Georgetown official, were informed by the White House that the president was terminating their positions at the FTC, which enforces consumer protection and antitrust laws. The Commission typically has five members, with the president’s party holding three seats and the opposing party two. Slaughter and Bedoya say they plan to challenge their dismissals in court. “Today the president illegally fired me from my position as a federal trade commissioner, violating the plain language of a statute and clear Supreme Court precedent,” said Slaughter, who Trump nominated to the FTC during his first term in 2018. “Why? Because I have a voice. And he is afraid of what I’ll tell the American people.”

Former FTC Commissioners Rebecca Kelly Slaughter (L) and Alvaro Bedoya (R) say they plan to sue President Trump’s administration over their firings. Bedoya wrote on social media, “I’m a commissioner at the Federal Trade Commission. The president just illegally fired me,” adding that Trump wants the FTC to be “a lapdog for his golfing buddies.” “We are still commissioners. We’re suing to make that clear for everyone,” Bedoya said in a follow-up statement reported by Fox News. FTC Chairman Andrew Ferguson, a Republican first appointed by President Biden and recently made chairman by Trump, said he sees no issues with the firings. “President Donald J. Trump is the head of the executive branch and is vested with all of the executive power in our government,” Ferguson wrote. “I have no doubts about his constitutional authority to remove commissioners, which is necessary to ensure democratic accountability for our government.”

“I wish Commissioners Slaughter and Bedoya well, and I thank them for their service,” he added.The FTC firings are set to become yet another test to the limits of Trump’s executive authority, as Democrats who don’t get their way can simply go venue shopping for an activist judge who will halt, even if temporarily, various decisions by the executive branch. Last week, US District Court Judge James Boasberg issued a 14-day restraining order to immediately halt several planes full of Tren de Aragua gang members under the Alien Enemies Act of 1798 – which the Trump administration ignored since the planes were over international waters at the time.

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“..what matters is off the record. And that might as well have been Iran.”

A Hard Rain’s a-Gonna Fall – From The West Down To The East (Pepe Escobar)

Let’s start with that phone call. The is quite sober – but it does reveal a few nuggets. There is no comprehensive deal – yet – between Moscow and Washington. Far from it: we are just in the initial tentative stage of talking and talking about several interconnected dossiers. President Putin gave absolutely nothing away. The agreed-upon pause on attacks on energy infrastructure – not energy and (italics mine) infrastructure – spells out as Putin imposing a stop on dangerous Ukrainian hits on the Zaporizhzhia nuclear plant. That may be lost among all the Western hysteria; but there are two absolute conditions expressed by Moscow for anything in this riddle to start complying with objective reality – and not muddle along as a reality show narrative trainwreck:
1.“The settlement in Ukraine must take into account the unconditional need to eliminate the root causes of the crisis, Russia’s legitimate security interests.”
2.“The key condition for preventing the escalation of the conflict should be a complete cessation of foreign military aid and the provision of intelligence information to Kiev.”

U.S. special envoy Witkoff is spinning that ceasefire “details” will be ironed out on Sunday in Saudi Arabia. No matter the amount of shrieking, Kiev will have to accept it. Putin-Trump did not spend over 2 hours just talking hockey, hazy Black Sea navigation prospects and a quite limited energy infrastructure missile strike one-month pause. In this incandescent juncture, what matters is off the record. And that might as well have been Iran. And the prospect of serious Hard Rain fallin’.

I’ve stepped in the middle of seven sad forests
I’ve been out in front of a dozen dead oceans
I’ve been ten thousand miles in the mouth of a graveyard

A certain psychopathological entity in West Asia is obsessed to ram all its opponents through the mouth of a graveyard. Putin must have had the chance to explain to Trump that Russia respects the UN Charter and abides by international law. Russia and Iran – top BRICS members – signed a comprehensive strategic partnership last January in Moscow. Russia provides detailed ISR/air defense/EW intel to Tehran. A proverbially hysterical narrative now imprints the notion that Tel Aviv – courting Trump 2.0 backing – is ready to inflict airstrikes on Iran to “prevent it from going nuclear”. Tehran, as detailed by Ayatollah Khamenei, has no interest whatsoever in building a nuclear weapon. There’s no way Russia will allow Israel – with crucial American backing – to wreak havoc on Iran. Even as Tehran is already capable to react to any attack, with devastating consequences. Without nuclear weapons – and even without Russian direct help.

Operation True Promise 2 – True Promise 3 is still on hold – had already demonstrated that Israel is absolutely defenseless against wave after wave of sophisticated Iranian missiles. Were the U.S. under Trump 2.0 to be involved in a direct attack, all U.S. military bases in West Asia would be incinerated, plus severe punishment to vassals hosting these bases. End result: oil prices skyrocketing, massive global economic crisis.

I saw a newborn baby with wild wolves all around it
I saw a room full of men with their hammers a-bleedin’
I saw ten thousand talkers whose tongues were all broken

While the self-proclaimed peacemaker was on the phone polishing the newest iteration of his Art of the Deal, genocidal psychopathological Zionists with hammers a-bleedin’ were unleashing wild wolves on displaced newborn babies – huddling in tents ablaze in Khan Yunis. And ten thousand EUrotrash talkers with their tongues all broken were mute on genocide but ready to erupt in shrieking delight pledging loyalty – and billions in funds – to the envoy of the former self-proclaimed Emir of Al-Nusra, a moderate head-chopper turned Hugo Boss-clad President. sAll yelled a Eurovision-tinged Sieg Heil to the protégé’s mercenary “army”, duly backed by Qatari, British and European masters: ISIS-clad Salafi-jihadis, al-Qaeda remnants, assorted takfiris, Chechens, Uzbeks, Uighurs, a movable Terror Inc. on tour slashing Alawites, Christians, Shi’ites and even moderate Sunnis, facilitating the evisceration of Syria and the “donation” of large swathes of Syrian sovereign territory to Tel Aviv.

The Zionist SS Brussels Medusa von den Lugen gleefully showered the moderate head-chopper gangs – al-Qaeda R Us – with 2.5 billion euros. It was Qatar that pressured the European Commission (EC) to invite Jolani’s henchman turned Foreign Minister, Asaad al-Shaibani to the 9th Brussels Conference for Donors on Syria – even as at least 7,000 Alawites and Christians were being “slaughtered” by his goons, according to a Greek Member of the European Parliament, Nikolas Farantouris, who visited Damascus on March 8-9 and met, among others, with the Patriarch of the Greek Orthodox Church of Antioch and the Near East.

In parallel the Exceptionalist “peace through strength” circus ringmaster – dubbed across vast swathes of the Arab street as “The Marmalade Moron” – brutally started bombing Ansarallah in Yemen, to force unbowed warriors to ditch their unwavering support for Palestine and wallow in submission. Additionally, “Bomb, bomb, bomb – bomb bomb Iran” was back as the crypto-Beach Boys theme song, because in the end Tehran must by all means be turned into Syria, Jordan, Qatar, UAE, Saudi Arabia, South Yemen: a pitiful Quisling Zionist regime.

The destabilized but not broken Axis of Resistance is fighting titanic, simultaneous battles against the Axis of Genocidal Zion on several fronts: the psycho-killers in Tel Aviv; the Jolani mercenary army in Syria, de facto ground troops of Israel, simultaneously supported, ideologically, by Zionist Arab regimes and assorted Salafi/takfiri Islamic outfits blessing the massacre against Palestinians; the Eurotrash liberal totalitarians, who are financing Jolani; and Washington/Pentagon-bombed Ansarallah in Yemen.

Abdul-Malik al-Houthi, leader of Ansarallah, made it all very clear in his March 16 speech: “Our decision to support the Palestinian people, including our move to block Israeli maritime navigation, that clearly targets the Israeli enemy and no one else, is aimed solely at pressuring Israel to open the crossings, allow the entry of humanitarian aid, and put an end to the starvation of Gaza.”

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Deep state.

The Kingdom of Judea vs. The State of Israel (Alastair Crooke)

Israel is deeply fractured. The schism has become bitter and heated as both sides see themselves to be in an existential war for the future of Israel. The language used has become so venomous (particularly in reserved channels in Hebrew) that calls for a coup and for civil war are far from uncommon. Israel is nearing the precipice and the seemingly irreconcilable differences may soon erupt into civil unrest – as Uri Misgav writes this week, the “Israeli spring” is on its way. The point here is that President Trump’s utilitarian and determinedly transactional style may work effectively in the secular western hemisphere, but with Israel (or Iran) Trump may find little or no traction amongst those with an alternative weltanschauung that expresses a fundamental different concept of morality, philosophy and epistemology, to the classic western deterrence paradigm of material ‘carrots and sticks’.

Indeed, the very attempt to impose deterrence – and to threaten ‘all hell breaking out’ if his injunctions are not followed – may produce the opposite to that which he seeks: i.e. it may trigger new conflicts and wars. An angry plurality in Israel (led for now, by Netanyahu) have taken the reins of power after a long march through the institutions of Israeli society, and now have their sights focussed on dismantling the ‘Deep State’ within Israel. Equally, there is a furious push-back to this perceived take-over. What exacerbates this societal fracture are two things: Firstly, it is ethno-cultural; and second it is ideological. The third component is the most explosive – Eschatology. At the last national election in Israel, the ‘underclass’ finally broke the glass ceiling to win election and to take office. The Mizrahi (Jews from the Middle East and North Africa) have been long treated as the poorer, lower order in society.

The Ashkenazi (European, largely liberal-secular Jews) form much of the urban professional (and until recently) the security class. These are the élites whom the coalition of National Religious and Settler Movement displaced at the last election. This present phase to a long struggle to power perhaps can be put at 2015. As Gadi Taub has recorded, “It was then, Israel’s Supreme Court judges removed sovereignty itself—that is, the power of final decision over the whole realm of law and politics—from the elected branches of government and transferred it to themselves. One unelected branch of government officially holds power, against which there are neither checks, nor balances, by any counterforce”. In the optic of the Right, the self-awarded power of Judicial Review, gave to the Court power, Taub writes, “to prescribe the rules of the political game – and not just its concrete results”.

“Law enforcement then became the huge investigative arm of the press. As was true of the “Russiagate” hoax, The Israel Police and State Attorney were not so much collecting evidence for a criminal trial as they were producing political dirt for leaks to the press”. The ‘Deep State’ in Israel is a consuming point of contention for Netanyahu and his cabinet: In a speech at the Knesset this month – as one example – Netanyahu savaged the media, accusing news outlets of “full cooperation with the deep state” and of creating “scandals”. “The cooperation between the bureaucracy in the deep state and the media didn’t work in the United States, and it won’t work here”, he said.

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“In a real “America first” foreign policy we would be following the Russian and Chinese lead and staying out of the conflict..”

President Trump: Stop Bombing Yemen and Exit the Middle East! (Ron Paul)

Over the weekend President Trump ordered a massive military operation against the small country of Yemen. Was Yemen in the process of attacking the United States? No. Did the President in that case go to Congress and seek a declaration of war against the country? No. The fact is, Yemen hadn’t even threatened the United States before the bombs started falling. Last year, candidate Trump strongly criticized the Biden Administration’s obsession with foreign interventionism to the detriment of our problems at home. In an interview at the Libertarian National Convention, he criticized Biden’s warmongering to podcaster Tim Pool, saying, “You can solve problems over a telephone. Instead they start dropping bombs. Recently, they’re dropping bombs all over Yemen. You don’t have to do that.”

Yet once in office, Trump turned to military force as his first option. Since the Israel/Hamas ceasefire plan negotiated by President Trump’s special envoy Steve Witkoff, Yemen has left Red Sea shipping alone. However, after Israel implemented a total blockade of humanitarian relief to citizens of Gaza last week, Houthi leaders threatened to again begin blocking Israel’s Red Sea shipping activities. That was enough for President Trump to drop bombs and launch missiles for hours, killing several dozen Yemeni civilians – including women and children – in the process. After the attack, Trump not only threatened much more force to be used against Yemen, but he also threatened Iran. His National Security Advisor Mike Waltz added that the US may start bombing Iranian ships in the area, a move that would certainly lead to a major Middle East war.

Like recent Presidents Bush and Obama, candidate Trump promised peace after four years of Joe Biden’s warmongering and World War III brinkmanship. There is little doubt that with our war-weary population this proved the margin of his victory. Unfortunately, as with Bush and Obama, now that he is President, he appears to be heading down a different path.The Republican Party is gradually becoming a pro-peace, America first party, but the warmongers and neocons of the old line in the Party are not going to let go so easily. Unfortunately many of these dead-enders have found their way to senior positions in Trump’s Administration, with voices of restraint and non-intervention nearly nowhere in sight among his top tier of advisors.

To solve the Yemen problem we must understand it: Russian and Chinese ships, for example, are not being threatened because they are not enabling the Israeli demolition of Gaza. The slaughter there has been facilitated with US money and US weapons. It is the US doing Israel’s bidding both in Gaza and in the Red Sea that is painting a target on us and unnecessarily putting our troops at risk of retaliation.The US government, starting with Biden and continuing now with Trump, seems eager to make this our war even though, as Rep. Thomas Massie pointed out over the weekend, Red Sea shipping is of minor importance to the US economy. In a real “America first” foreign policy we would be following the Russian and Chinese lead and staying out of the conflict. It’s not our war. End US military involvement in the Middle East and our troubles disappear. It really is that simple.

Olmert
https://twitter.com/AdameMedia/status/1901998480756793838

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They will lead to tariffs.

What Will US Trade Wars With Canada, Mexico And Europe Lead To? (Pacini)

The recent trade wars waged by the United States against Canada, Mexico and Europe have had a significant impact on the international economic system. These protectionist measures, characterized by the imposition of significant tariffs on a wide range of imported products, have raised concerns about the possible consequences for global trade dynamics and economic relations between the world’s major powers. In particular, the question arises as to whether these tensions can favor greater commercial, economic and investment cooperation between the United States and Russia. The main questions that arise are: what will be the consequences of these trade wars on global trade and on the economies involved? Could these conflicts favor an economic rapprochement between the United States and Russia?

Trade tensions between the United States and its main economic partners are not a new phenomenon, but they have intensified in the last decade with a return to protectionist policies. With regard to Canada and Mexico, the United States has imposed tariffs of 25% on steel imports and 10% on aluminum imports from Canada and Mexico, provoking negative reactions from both countries. North American trade relations, traditionally based on a free trade agreement (USMCA, formerly NAFTA), have been seriously damaged by these measures. In Europe, on the other hand, we have the EU, which has been hit by tariffs on imports of cars and other luxury goods, in response to European duties on U.S. agri-food products. Tensions between the United States and Europe have led to a worsening of transatlantic relations, compromising the economic stability of both parties.

Trade wars inevitably lead to an increase in production costs, which translates into higher inflation and a reduction in the competitiveness of companies. The imposition of tariffs makes imported goods more expensive, with repercussions on various economic sectors: industries that depend on imported components, such as the automotive and technology industries, are strongly affected by the price increase; Producers in the U.S. of soy, meat and dairy products have suffered significant losses due to trade retaliation from Canada, Mexico and the EU; transatlantic tourism and transportation have been affected by economic tensions, reducing growth in the sector. The interruption of global supply chains is one of the most serious consequences of trade wars (and, let’s remember, it’s a consequence that also has an impact on many other countries that apparently don’t seem directly involved, but that in reality depend on the trend of that market).

Modern industry depends on a complex network of international suppliers, and customs tariffs increase production costs, making global trade less efficient. Trade wars are not just an economic issue, they have profound geopolitical implications. It is now well known and widely acknowledged that sanctions policies have been a tool for the planned weakening of Europe. The data shows that the EU has a significant trade surplus with the USA in the goods sector, equal to 157 billion euros in 2023. However, in the services sector, the EU has a deficit of 109 billion. The economic ties between the two areas are therefore not as unbalanced as is often claimed. European companies export many goods to the United States, but on the other hand Europe buys many services, particularly digital services, from the U.S. American tariffs on European goods could damage the sectors most dependent on the U.S. market, with different impacts depending on the countries and the types of goods affected (such as cars).

There may be an intention to exploit this disparity to divide EU member states and push them to negotiate separately, while trade policy should remain the exclusive competence of the Union. Some are already putting forward the idea of negotiating favorable conditions to the detriment of others, but it is clear that the EU should maintain a unified approach to exert greater influence in the negotiations. The European single market is the largest in the world, with around 450 million people representing 20% of global GDP. It is clear that Europe will have to adopt a strategy that combines both pressure and incentives in order to remain in the international game.

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1991

 

 

BBee

 

 

Fractals

 

 

Smart bird
https://twitter.com/buitengebieden/status/1902042650527600713

 

 

Shower
https://twitter.com/Rainmaker1973/status/1902364436062728572

 

 

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

 

 

 

 

 

Mar 182025
 


Robert Campin Portrait of a woman 1430-35

 

Trump-Putin To Hold Tuesday Call On Ending War In Ukraine (ZH)
Judge Demands DOJ Reveal Classified Information On Deportation Flights (ZH)
Trump Slams Federal Judge’s ‘Dangerous’ Ruling on Fired Federal Workers (DS)
Welcome to FAFO-Land (Kunstler)
Trump Says Biden’s Autopen-Signed Pardons “Null and Void” (ZH)
The Brilliance Behind Trump’s Move Declaring Biden’s Pardons ‘Void’ (Margolis)
Trump Says JFK Files Will Be Released Tuesday Without Redactions (JTN)
Key to Uncovering Truth About MLK Assassination Lies With Congress (DS)
The Strongest Case for Trump’s Tariffs I’ve Heard Yet (Margolis)
Why Has Trump Finally Pulled The Plug On Deep State Propaganda? (Amar)
NATO ‘Peacekeepers’ in Ukraine Would Snatch War From the Jaws of Peace (Sp.)
Musk: Feds’ “Magic Money Computers” Issue Payments “Out Of Thin Air” (ZH)
Bukele: New Partnership With US Advances Fight Against Organized Crime (JTN)
Celebrate Saint Patrick by Chasing Censors Out of Ireland (Turley)
Study Destroys Basis of EPA Climate Regulations (Jayaraj)
People Becoming More Stupid (RT)
Federal Judge Orders Astronauts Be Returned To Space Station (BBee)

 

 


© AP / Manuel Balce Ceneta (I like this photo)

 

 

https://twitter.com/RapidResponse47/status/1901305613721702854

NASA

14

Isaacson

 

 

 

 

 

 

Today: Putin-Trump call, JFK files release (80,000 pages), the astronauts come home.

Call starts at 9AM EDT. Putin doesn’t have a lot of room to move. And he will demand suspension of all weapons deliveries to Ukraine. Not an easy call for Trump.

Trump-Putin To Hold Tuesday Call On Ending War In Ukraine (ZH)

Both the US and Russian sides have confirmed that Presidents Donald Trump and Vladimir Putin will hold another phone call on Tuesday. Trump previewed that he plans to continue discussions to end the war in Ukraine, and he cryptically referenced negotiators having already discussed “dividing up certain assets.” “I’ll be speaking to President Putin on Tuesday. A lot of work’s been done over the weekend,” Trump told reporters on Air Force One while en route back from Florida to Washington.n “We want to see if we can bring that war to an end. Maybe we can, maybe we can’t, but I think we have a very good chance,” Trump said. The US is still proposing a 30-day temporary ceasefire, which Putin has already questioned as a likely means by which Ukrainian forces can simply rearm, replenish, and regroup.

“We will be talking about land. We will be talking about power plants,” Trump said when asked by a reporters about concessions. “I think we have a lot of it already discussed very much by both sides, Ukraine and Russia. We are already talking about that, dividing up certain assets.” Trump’s special envoy who met with Putin in Moscow last week, Steve Witkoff, has said that the Russian president “accepts the philosophy” of Trump’s ceasefire. Still, the Kremlin has repeatedly said it will not accept anything that’s a short-term solution. Putin and Trump had an initial phone call spanning 90-minutes less than a month after Trump was inaugurated, to talk about moving toward a potential Ukraine peace plan. The Russian Defense Ministry has meanwhile indicated that Moscow will demand Kiev’s neutral status and that NATO can never accept Ukraine for membership.

This appears to be Moscow’s only and main ‘security guarantee’ that it wants in place: “Part of these guarantees should be the neutral status of Ukraine, the refusal of Nato countries to accept it into the alliance,” Russia’s deputy foreign minister Alexander Grushko said Sunday. Of course, this is to include a ban on NATO building up military infrastructure in Ukraine as well. But other Western allies are challenging the progress made, and are likely even trying to sabotage any potential deal. “If Ukraine requests allied forces to be on its territory, it is not up to Russia to accept or reject them,” French President Emmanuel Macron has said.

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A district judge issues orders to the President and his government. Well, Boasberg is all over. Tanya Chutkan, Jack Smith, J6, etc. This is not an accident, it’s the lawfare machine. The only way to stop it is to cut off the money: NGOs. And the Magic Money Computers (see below).

Judge Demands DOJ Reveal Classified Information On Deportation Flights (ZH)

US District Judge James Boasberg on Monday held a hearing after the Trump administration refused to turn two plane-fulls of criminal migrants around mid-flight, and may have allowed a third plane to depart following his Saturday order halting the deportations of suspected Tren de Aragua gang members. Boasberg on Saturday temporarily halted the Trump administration from using the 1789 Alien Enemies Act to deport the illegal immigrants, however DOJ lawyers told the judge that there were already two planes in the air – one headed for Honduras, and the other headed for El Salvador. While the judge verbally ordered the planes to be turned around, the directive was not included in his written order. As journalist Julie Kelly reports, Monday’s hearing was a complete power play by Boasberg. Kelly documented the exchange on X:

Boasberg: I have scheduled this hearing for fact finding on government’s response to my order. Focus on timeline involved and get a sense of numbers of people here. I just want “facts” not planning to issue any ruling about the government’s conduct.
Boasberg asks DOJ if it’s still true that the 5 individual plaintiffs are in the US. DOJ says yes.
“How many planes departed the US on Saturday under the proclamation?” DOJ says flights complied with his order but won’t disclose more to anyone.
Boasberg: “Anyone including me?”
DOJ: “Yes.”
Boasberg: “Based on what?”
DOJ cites national security concerns, flight patterns.
Boasberg: “You’re saying it’s classified? I can receive classified information. Or there is some other basis? Why are you showing up today without answers?”

Nothing but a power play.
“I’m just asking how you think my equitable powers do not attach to a plane that has departed the U.S., even if it’s in international airspace,” Boasberg said.
Boasberg then demanded the DOJ answer a list of questions, including;
How many planes left at any time Saturday based solely on the proclamation.
How many people were on each plane.
In what country did the planes land.
What time did they take off and land.
When were they in air space.
What time were individuals on the plane transferred to custody.

As Kelly notes further, “There are three flights at issue: two that left before any written order (and that DOJ says did not include individuals covered under the Alien Enemies Act) and one that might have departed after Boasberg’s minute order posted around 7:30pm on Saturday,” adding “ACLU wants a sworn statement that third flight did not include illegals covered by proclamation. Boasberg tells DOJ he will order the govt to file a sworn declaration as to the third flight.” Boasberg then made the argument that the DOJ should not have allowed any planes to take off on Saturday because they knew Boasberg had a hearing scheduled for 5pm… In other words, he’s arguing that the Trump administration should not have executed the President’s lawful order because he (Boasberg) was going to hold a hearing, and maybe stop the government from deporting the immigrants under the Alien Enemies Act.”This is batshit crazy,” said Kelly, adding that she would “love to see Boasberg’s comms with ACLU before lawsuit was filed Saturday morning.”

Miller

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Different case, same principle.

“..it’s a judge that’s putting himself in the position of the president of the United States, who was elected by close to 80 million votes,” Trump said. “That’s a very dangerous thing for our country..”

Trump Slams Federal Judge’s ‘Dangerous’ Ruling on Fired Federal Workers (DS)

President Donald Trump said it’s “ridiculous” that a federal judge ruled that the government must rehire fired government employees. “I don’t think that’s going to be happening, but we’ll have to see,” he told The Daily Signal aboard Air Force One on Sunday. A judge appointed by President Bill Clinton ruled Thursday that the Trump administration must reinstate some fired probationary government employees. He ruled that six agencies must give jobs back to thousands of recently hired employees who President Donald Trump fired in an effort to eliminate “waste, fraud, and abuse” from the federal government by cutting the federal workforce.

“I think it’s absolutely ridiculous, absolutely, it’s a judge that’s putting himself in the position of the president of the United States, who was elected by close to 80 million votes,” Trump said. “That’s a very dangerous thing for our country,” the president continued, ”and I would suspect that we’re going to have to get a decision from the Supreme Court, but that’s a very dangerous decision for our country.” U.S. District Judge William Alsup said employees the departments of Veterans Affairs, Agriculture, Defense, Energy, Interior, and Treasury must get their jobs back. “These are people, in many cases, they don’t show up for work,” Trump said. “Nobody even knows if they exist, and a judge wants us to pay them even if they don’t know they exist.”

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“Where did we get the idea that federal judges can just act with impunity, jerking around the public interest like some show-off with a yoyo?”

Welcome to FAFO-Land (Kunstler)

It’s as simple as this: the orgy of judicial lawfare put on by blob-adjacent Democratic Party seditionists trying to make the USA ungovernable is looking to get swatted. Hubris is a harsh mistress, but Nemesis is more like the gods’ re-po man, and he comes to the door with attitude, meaning bidness. Blob judges will get flushed out of their humid conclaves naked and find themselves, astoundingly, in the FO zone of FAFO-land. Do you think AG Bondi is playing tiddlywinks in Main Justice or that Kash Patel is just sitting there buffing his nails over at 935 Pennsylvania Avenue NW? Where did we get the idea that federal judges can just act with impunity, jerking around the public interest like some show-off with a yoyo? Case in point: Judge James Boasberg, head honcho of the DC federal district court stepped into the FAFO waiting room over the weekend when he ordered two planeloads of deported toxic human trash known as Tren de Aragua, bound for jail in El Salvador, to return to the USA.

Mr. Trump’s White House refused, saying the planes were already over international waters, outside the judge’s jurisdiction. Dem-blob lawyer Mark Zaid made the predictable next move, claiming that the matter will be grounds for Impeachment No. 3 against Mr. Trump post the 2026 midterm election. But, of course: strategery! The general purpose in this latest phase of lawfare is to choke the federal courts with so many restraining orders and injunctions that the White House lawyers find themselves locked into an endless Chinese fire drill of counter-filings, motions, writs, and appearances. It’s all that the so-called “resistance” has left, what with DOGE breaking up the racketeering operation that has funded the Dem’s defense of the blob for a decade. By which I mean the government funding of non-governmental orgs (ha!) to distribute payola to Dem foot-soldiers who do all the dirty work of protecting the rogue bureaucracy in a circle-jerk of power and payoffs. This includes the dirty work of Dem-blob lawyers such as Mark Zaid, Norm Eisen, Mary McCord, Marc Elias, Barbara McQuade, Joanna Lydgate et al.

The history of Judge Boasberg in particular presents a disturbing picture of a tool covering-up every act of the shadowy blob’s war against American citizens. Boasberg presided in the FISA court that fraudulently enabled the FBI’s Crossfire Hurricane operation to attempt ousting newly-elected Donald Trump in 2017, and the many RussiaGate pranks that followed. As chief judge of the DC District, he oversaw the Jack Smith Special Counsel op and all the cases associated with it, including the Mar-a-Lago raid and the J-6 case in Tanya Chutkan’s crooked court. Boasberg allowed the prosecution of J-6ers under the unlawful use of the corporate fraud obstruction statute, 18USC§1512c2, a.k.a. the Enron law. He presided over the trial of Ray Epps, the shady character recorded on video repeatedly urging J-6 protestors to “go into the Capitol.” Boasberg gave Epps a suspended sentence while grandmothers who merely “paraded” through the rotunda between velvet ropes that day got sent to jail.

What can be done about judges like Boasberg? The prevailing view is: not much. I’m not so sure that’s true. While Rep. Brandon Gill (D-TX) announced last week that he will file articles of impeachment against Boasberg, a two-thirds majority would be required to convict him in any eventual Senate trial, so fuggeddabowdit. But federal judges are not immune from criminal investigation and prosecution, which is where AG Bondi and FBI Director Patel ought to come in. What’s probably standing in plain sight is a RICO conspiracy involving the aforesaid lawfare artists — Norm Eisen & Co — and the federal judiciary to deliberately bury the executive branch under burdensome fraudulent process, impede the executive branch’s ability to carry out its constitutional duties, and to obstruct justice.

Would you like to know if correspondence exists between these parties? Mr. Patel can ask them to produce it, and if they fail to, there’s a strong possibility that DNI Director Tulsi Gabbard can root it out of the NSA’s server farm. Depositions can be demanded. The lawfare lawyers will have to hire lawyers — just as all the targets of “Joe Biden” and Merrick Garland were obliged to lawyer-up when they were systematically persecuted from January, 2021 to January, 2025. The meters will run, ka-ching, ka-ching. It will be interesting to see who is footing the bill for that. You can be sure that it will be found out. Reid Hoffman? George and Alex Soros? Note: Dan Bongino was sworn in as Deputy Director of the FBIat 8:00 o’clock this morning. Nemesis is open for bidness. The lawfare gang would love all of this to ramp into a king-hell constitutional crisis. Could happen. Let them try. They don’t hold any of the levers of power the way they used to. A lot could go wrong for them. Welcome to FAFO-land.

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To be precise, he didn’t “declare” it: “It’s not my decision — that’ll be up to a court — but I would say that they’re null and void,.”

Trump Says Biden’s Autopen-Signed Pardons “Null and Void” (ZH)

Ten days or so after the Heritage Foundation’s Oversight Project disclosed that nearly every document bearing former President Biden’s signature during his first term had been signed by an autopen—except for one—questions arose over whether executive orders and pardons could be deemed invalid, as we noted that Biden’s staff likely leveraged his rapid cognitive deterioration to sign those documents via autopen. Overnight, President Trump declared that the 11th-hour pardons, including those given to members of Congress who investigated the January 6 insurrection, were “void, vacant, and of no further force or effect, because of the fact that they were done by autopen.” Some of those last-minute pardons include Deep Staters, such as former Representative Liz Cheney, retired General Mark Milley, and government scientist Anthony Fauci.

“The “Pardons” that Sleepy Joe Biden gave to the Unselect Committee of Political Thugs, and many others, are hereby declared VOID, VACANT, AND OF NO FURTHER FORCE OR EFFECT, because of the fact that they were done by Autopen,” Trump wrote on Truth Social late Sunday night. The president continued: “In other words, Joe Biden did not sign them but, more importantly, he did not know anything about them! The necessary Pardoning Documents were not explained to, or approved by, Biden. He knew nothing about them, and the people that did may have committed a crime.”

He went on to say that members of that House committee are “subject to investigation at the highest level”… “Therefore, those on the Unselect Committee, who destroyed and deleted ALL evidence obtained during their two year Witch Hunt of me, and many other innocent people, should fully understand that they are subject to investigation at the highest level. The fact is, they were probably responsible for the Documents that were signed on their behalf without the knowledge or consent of the Worst President in the History of our Country, Crooked Joe Biden!”

Trump told reporters aboard Air Force One late last night: “It’s not my decision — that’ll be up to a court — but I would say that they’re null and void, because I’m sure Biden didn’t have any idea that it was taking place, and somebody was using an auto pen to sign off and to give pardons.”

https://twitter.com/TheChiefNerd/status/1901530391598555271?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1901530391598555271%7Ctwgr%5Eb15225da52c37de9c468fe65a7fe74f6bab0c219%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Ftrump-declares-bidens-autopen-signed-pardons-void

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“This isn’t about political parties anymore; it’s about the integrity of the highest office in our land.”

The Brilliance Behind Trump’s Move Declaring Biden’s Pardons ‘Void’ (Margolis)

President Donald Trump dropped a bombshell Sunday evening. As my PJ Media colleague Catherine Salgado reported, Trump declared Joe Biden’s pardons void due to the suspicious use of an autopen and serious questions about whether Sleepy Joe even knew what he was rubber-stamping. “The ‘Pardons’ that Sleepy Joe Biden gave to the Unselect Committee of Political Thugs, and many others, are hereby declared VOID, VACANT, AND NO FURTHER FORCE OR EFFECT,” Trump said in a post on Truth Social. But here’s what’s really fascinating — and telling. Biden’s social media team remains suspiciously silent. Not a peep from his X account disputing the autopen accusations. These are serious allegations that merit a response, yet we got nothing. Really makes you think, doesn’t it?

Trump’s second Truth Social post cuts right to the heart of the matter: “The necessary Pardoning Documents were not explained to, or approved by, Biden. He knew nothing about them, and the people that did may have committed a crime.” This isn’t just about pardons; it’s about who was really running our government. How is this going to play out? Proving that Biden wasn’t aware of these pardons might be an uphill battle. But something tells me that’s not the point. While I suspect that it will be virtually impossible to prove that Biden didn’t authorize those pardons, I still think this may have been a brilliant move by Trump. Here’s why. Every legal challenge, every court filing, every public statement will keep this scandal front and center.

Even if the pardons ultimately stand, the damage to Biden’s legacy and the Democratic Party will be done. Why we’ve been reporting on this scandal for several days, mainstream media coverage of the scandal has been virtually nonexistent. However, I’m starting to see reports from mainstream outlets trickle out. So far, I’ve seen reports from NBC News, Axios, Bloomberg, The Hill, USA Today, NewsNation, and ABC News. The story is out there now, which means that the American people will see exactly how the Deep State operates behind the scenes with its cognitively challenged puppet, Biden.

Why focus specifically on pardons and not Biden’s executive orders or judicial nominations? Because Trump knows exactly what he’s doing. By challenging these pardons, he’s forcing several sitting Democrats who received preemptive pardons from Biden to publicly defend their get-out-of-jail-free cards and attack Trump for declaring Biden’s pardons void. The mainstream media can’t ignore this story when their favorite Democrats are squirming under the spotlight. The mere fact that we’re having this conversation about whether the President of the United States actually knew who he was pardoning should terrify every American. This isn’t about political parties anymore; it’s about the integrity of the highest office in our land.

As I’ve pointed out in previous coverage of the scandal, the use of an autopen isn’t unprecedented in presidential actions, but using one to sign executive orders and pardons while serious questions exist about the president’s mental faculties and consent? That’s a whole different ballgame. The Trump administration hints at having evidence to support these claims, and given its track record of exposing Democratic corruption, I wouldn’t bet against it. Will that be enough for them to be declared legally void? I’m skeptical, but again, that may not be the actual point. The Democrats thought they could quietly slip these pardons through without scrutiny. Thanks to President Trump’s strategic move, the American people will get to see exactly how the sausage is made in Biden’s White House, and it’s not pretty.

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“..It’s approximately 80,000 pages..”

Trump Says JFK Files Will Be Released Tuesday Without Redactions (JTN)

President Donald Trump announced on Monday at the Kennedy Center that the files regarding former President John F. Kennedy’s assassination will be released on Tuesday without redactions. “We are tomorrow announcing and giving all of the Kennedy files,” Trump said. “So people have been waiting for decades for this, and I’ve instructed my people that are responsible, lots of different people, put together by Tulsi Gabbard, and that’s going to be released tomorrow.” The release will happen Tuesday afternoon, The Daily Wire reported.

“We have a tremendous amount of paper. You’ve got a lot of reading. I don’t believe we’re going to redact anything. I said, just don’t redact. You can’t redact,” Trump added. “But we’re going to be releasing the JFK files, and that would be tomorrow.” “It’s approximately 80,000 pages,” he said. “So it’s a lot of stuff, and you’ll make your own determination.” Trump said that the documents will be released without summaries so the public and media could drawn their own conclusions.

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“..because these were congressional records, the president lacked the authority to release them to the public without the assent of the House of Representatives.”

Key to Uncovering Truth About MLK Assassination Lies With Congress (DS)

Since his return to the White House, President Donald Trump is close to signing 100 executive orders. The deluge has put the corporate media, and sometimes Congress, on their heels. Nevertheless, Congress is coming alongside Trump to keep one of his more interesting campaign promises: to declassify records related to the assassinations of John F. Kennedy, Robert F. Kennedy, and Martin Luther King Jr. House Oversight Committee Chairman James Comer, R-Ky., recently announced the formation of a congressional task force whose purpose is to examine declassified material in the public interest. Rep. Anna Paulina Luna, R-Fla., will lead the task force, which will examine the government records that are declassified pursuant to Trump’s Jan. 23 executive order, among other things.

Luna explained that the “mission” of the task force is “to ensure these documents are released swiftly and in their entirety, giving the American people the truth they deserve.” As Luna has repeatedly noted on social media, the task force itself has no declassification authority, which is the exclusive prerogative of the president. Nonetheless, it can support the declassification of government records related to these assassinations by holding government officials accountable for any attempts to obstruct the timely release of these records to the public.Indeed, in a recent post on X, Luna stated, “If @POTUS’ executive order to declassify these files is obstructed, we won’t hesitate to hold those responsible accountable. Remember: [Attorney General] Pam Bondi is at the DOJ [Department of Justice] now. If Congress votes to hold someone in contempt, she’ll back us.

”While it is true that Congress has no declassification authority over records of the executive branch, this does not mean that Congress has no role to play in the complete declassification and public release of government records related to these assassinations. This is particularly true with respect to the assassination of King. In 1977, the House of Representatives established the Select Committee on Assassinations, which was tasked with reinvestigating the assassinations of President Kennedy and King. Two years later, the committee released its findings. Albeit couched in highly tentative terms, the committee concluded that both Kennedy and King were assassinated “as a result of a conspiracy.”

Per House rules at the time, all records associated with these investigations were sealed from public access for 50 years—until Jan. 3, 2029. With the passage of the JFK Records Act in 1992, however, the timeline for the public release of the committee’s records related to the Kennedy assassination was superseded and became subject to immediate release with only the most sensitive records being withheld until Oct. 26, 2017. Although some of these records required declassification by executive agencies prior to public release, the vast majority did not. More importantly, because these were congressional records, the president lacked the authority to release them to the public without the assent of the House of Representatives.

Thus, if Trump intends to declassify and publicly release “all records in the federal government’s possession” pertaining to the assassination of King, he will need the House of Representatives to assent to the release of all its records relating to the committee’s investigation of the assassination in advance of its original Jan. 3, 2029, deadline. Accordingly, Luna and her colleagues can strike an immediate blow for full government transparency by requesting that House Speaker Mike Johnson, R-La., instruct the House Clerk to make these records available immediately to the public. Undoubtedly, the House Clerk will determine that some of these records require a declassification review by the president, but that doesn’t mean the public has to wait for declassification to see the rest of the evidence committee investigators relied upon to support their conclusion that King was assassinated “as a result of a conspiracy.”

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Independence.

The Strongest Case for Trump’s Tariffs I’ve Heard Yet (Margolis)

Donald Trump’s tariff policies remain a lightning rod for debate. Democrats are sounding the alarm, warning of dire economic fallout and painting a picture of looming catastrophe. Batya Ungar-Sargon, deputy opinion editor of Newsweek, made one of the strongest, most effective cases yet for former President Donald Trump’s tariffs during the latest episode of “Real Time with Bill Maher.” She broke down exactly why these tariffs are necessary, and by the end, she left Bill Maher flustered. Ungar-Sargon’s explanation couldn’t have been clearer: manufacturing jobs and economic nationalism are crucial for the American middle class.When the conversation turned to the economy of the 1970s, Ungar-Sargon wasted no time explaining why so many Americans look back on that era with nostalgia. “In the ‘70s, the largest share of our GDP was in the middle class,” she said. “And that was not separate from the fact that 25% of our economy was in manufacturing.”

Maher sought clarification, asking if that meant “most of what was produced came from the middle, and now it comes from the rich.”“Now, the top 20% controls over 50% of the GDP,” Ungar-Sargon confirmed, highlighting how economic power has been funneled away from the working class. “That manufacturing is still being done; it’s just being done in other countries.”Maher interjected, noting that the jobs have moved overseas for “wages we will not work for.”This, of course, is true, but it also proved Ungar-Sargon’s point. “Yes, that’s exactly right. You’re right, Bill,” Ungar-Sargon responded. “That’s what the tariffs are for. They are to make American workers more competitive in the global market.” She then challenged the defeatist attitude that has allowed China to dominate industries once vital to the American workforce.

“Why are we accepting that there should be a race to the bottom? You know, China, what is its competitive advantage over us? It’s that it pays slave wages. Why should we accept that?” She laid out Trump’s argument for protecting key industries, explaining that his trade policies aren’t just about economics but national security. “Trump says there are five industries that we cannot have any kind of national security without having a stake in them—pharmaceuticals, lumber, steel, aluminum,” she said, adding that she had momentarily forgotten the fifth. “These are really important, that we have a stake in the manufacturing of the things that we need as a nation. So that when China decides that it wants to go to war against us, we’re not relying on them for steel and aluminum in order to fight them.”Maher, clearly caught off guard by the well-reasoned argument, could only muster a flustered response: “Okay, well, at least that’s an answer.”And it was an answer—one the left refuses to confront, because deep down, they know she’s right. Maher certainly seemed to. He had no rebuttal. Why? Because there isn’t one.

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“..what made them “radical” and “crazy” is actually how very American-as-applepie they were.”

Why Has Trump Finally Pulled The Plug On Deep State Propaganda? (Amar)

He’s done it again. Or rather, they have. As part of their curious slash-and-burn crusade to dismantle – for better or worse – large swathes of the American state from the top, President Donald Trump and his bestie-in-chief Elon Musk with his gang of enforcers at DOGE have put the axe to yet another seven government agencies. Carried out by presidential executive order, this particular blitz is aimed at offices busy with things as diverse as labor dispute mediation and the mitigation of homelessness. The method of Trumpist attack is simple and already familiar: The targeted agencies are not literally shut down, which Trump cannot legally do by decree. Instead, their budgets and staff are pruned so aggressively that they have to cease operations. Yet, tellingly, there is only one kind of cut that has really made centrists, liberals, and the mainstream media furious. Nope, not the hit on the homeless; and not the one on labor relations either.

What caused a ruckus instead is that Trump and Musk have gone after state propaganda. To be precise, state propaganda for the rest of the world. For one of the offices that has been given the Trumpist flamethrower treatment this time is the US Agency for Global Media (USAGM). And that is, in reality, the US ministry for propaganda abroad. While it’s a fairly new (2018) label, USAGM’s roots reach deep into the fetid soil of the last century’s Cold War. Originally, there were Voice of America, Radio Free Europe, and Radio Liberty. Voice of America was founded during World War II and was quickly retooled afterwards to be used as a Cold War propaganda weapon by the CIA. Its younger cousins, Radio Free Europe, founded in 1950, and Radio Liberty (1951) were, literally, CIA fronts.

But that “involvement was kept secret until the late 1960s for fear of Soviet retaliation,” as Encyclopedia Britannica puts it with fine British understatement as well as a whopping portion of brute disinformation: The fact that the CIA remained in hiding was, of course, not due to the big bad Russians (the Soviets at the time) being so terribly scary. It was simply a means to manipulate publics in the East and the West and present what was geopolitically driven propaganda as ‘independent news’. After 1971, the CIA (officially) ended its (direct) control. If you believe that means an agency specializing in lying – and so much worse – was no longer pulling the strings, I have a Ukrainian ‘democracy’, complete with ‘civil society’ and all the fixings, to sell you. Formally, the Board for International Broadcasting took over. It was appointed by the president, which tells you all you need to know about how important this global propaganda machine was to Washington.

Finally, after further label changes, the board morphed into the USAGM. It ended up controlling not just Voice of America, as well as Radio Free Europe and Radio Liberty – long merged into RFE/RL – but a host of other outlets, including Radio Free Asia, and the very honest-sounding (not) Office of Cuba Broadcasting. According to USAGM’s own website, it was reaching an audience of 427 million per week in 64 languages, and via traditional broadcasting as well as the internet. Those lucky viewers, listeners, and readers were fed an unhealthy diet corresponding to the US “national interest” (in USAGM’s own terms) of “more than 3,000 hours of original programming each week.”

Say what you will about this American ministry of foreign propaganda, but it was bigger and richer than anything comparable the poor old Soviets ever managed to rig up. And that is the organization that Trump and Musk have just cut down. The Cold War, of course, has long been over. Any reasonable person’s response to this overdue move would be: ‘What took you so long?’ Elon Musk had a point when posting that the propaganda outlets are “just radical crazy people talking to themselves while torching $1bn/year of US taxpayer money.” Except, they were by no means only talking to themselves, unfortunately. And what made them “radical” and “crazy” is actually how very American-as-applepie they were.

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“..peacekeeping and NATO are actually incompatible things..”

NATO ‘Peacekeepers’ in Ukraine Would Snatch War From the Jaws of Peace (Sp.)

Russia’s demands for “ironclad” guarantees on Ukraine include a firm rejection of NATO “peacekeeping forces” on Ukrainian soil, no matter the “nameplate” the alliance may try to insert them under, Deputy Foreign Minister Grushko has said. What are the uncertainties Russia faces amid peace talks with the US? We asked a top political risk consultant. “Any so-called ‘ironclad’ guarantees for Russia will likely come down to one thing: keeping Ukraine out of NATO. That, along with a promise that Western powers will stop meddling in Ukraine’s internal affairs, would be the only realistic foundation for any lasting settlement,” foreign affairs analyst, political risk consultant and lawyer Adriel Kasonta explained.

“But here’s the problem —when has the West ever been good at keeping its promises to Russia? Time and again, Western leaders have made commitments only to walk them back when it suits their interests. NATO expansion was never supposed to reach Russia’s doorstep, yet here we are. Obama and Bush both spoke of ‘resets’ with Moscow, only for relations to deteriorate further,” Kasonta told Sputnik. “Now, Trump is pushing for a deal with Russia, not out of goodwill, but because he sees China as the bigger threat,” the observer said. “The question is, what happens after him? What stops a future U.S. administration from reversing course once again? If history is anything to go by, Russia has every reason to stay on high alert.” “If we’re talking about NATO peacekeeping forces, peacekeeping and NATO are actually incompatible things,” Deputy Foreign Minister Alexander Grushko said in an interview with Russian media on Sunday.

“We know the history of NATO, and although they boast very much about being a defensive alliance, the real history of NATO consists of military operations, aggression against unarmed states without justification, just to emphasize once again its hegemony in global and regional affairs,” Grushko said. “Therefore, all these conversations” about NATO peacekeepers in Ukraine “are absolutely inappropriate. They are absurd. And I think that even the average person in the West understands the real cost of this kind of deployment…We absolutely do not care under which nameplate NATO contingents could be deployed on the territory of Ukraine, whether the EU, NATO or in a national capacity. In any case, if they appear there with the consent of Ukraine, that means they are located in the conflict zone, with all the consequences” this entails, Grushko stressed.

“Moscow already views Western involvement in Ukraine—whether through arms shipments or foreign fighters—as an indirect war,” Kasonta said, commenting on the deputy foreign minister’s remarks. “Sending NATO troops would remove any ambiguity, risking escalation on a whole new level.” As for the UK, whose government is reportedly prepared to deploy peacekeeping troops of its own to Ukraine “for years,” “London is just following Washington’s lead,” the observer said.“The UK doesn’t have the military capacity or public support to play a serious role in Ukraine. No one in Britain is eager to send troops to die in a war that doesn’t concern them. The only people who seem to care are politicians who have spent years hyping up the conflict and now can’t admit they were wrong. Rather than face reality, they double down, pretending that the war is still winnable.” Kasonta summed up.

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Another way to feed the lawfare machine: print money wherever and whenever you want.

Musk: Feds’ “Magic Money Computers” Issue Payments “Out Of Thin Air” (ZH)

Elon Musk says that DOGE has discovered the US government has “magic money computers” that make payments “out of thin air.” Sitting down with Sen. Ted Cruz (R-TX) for his podcast that was recorded at the White House, Cruz said: “One of the things you told me about is what you called, ‘Magic Money Computers.’ So tell us about it, ’cause I never heard of that ’til you brought it up.”

Musk: “Okay, so, you may think like the government computers all talk to each other, they synchronize, they add up what funds are going somewhere. And, that they’re coherent … And that the numbers that you’re presented as a Senator are actually the real numbers.”
Cruz: “One would think!”
Musk: “One would think – they’re not … I mean they’re not totally wrong, but they’re probably off by five percent or 10 percent in some cases. So, I call it ‘Magic Money Computer’: any computer that can make money out of thin air. That’s magic money.”
Cruz: “So how does that work?” Cruz asked.
Musk: “It just issues payments.”
Cruz: “And you said there’s something like 11 of these computers at Treasury that are sending out trillions in payments?”
Musk replied that they’re mostly at the Department of Treasury, and others are at the Department of Health and Human Services as well as the Department of Defense.
Musk: “We’ve found now 14 ‘Magic Money Computers. They just send money out of nothing.”

Musk also told Cruz that DOGE will save taxpayers $1 trillion by the end of fiscal year 2026… “If you look at DOGE now, you look at the government and what you’re finding, what percentage have you guys even gotten to and how much of it is ‘mars’ where you haven’t even gotten there yet because there’s so much you’re finding out here,” asked co-host Ben Ferguson. “You seem like a timeline guy – when you say ‘I want to get in there and get numbers and things’ – how far are we from the endgame, where you’ve seen it all – you know, to process it all, and fix it. Are we years away? Months away?” Musk: “Not years. I’m reasonably confident that we’ll be able to get a trillion dollars of waste and fraud out, meaning that it will have, we’ll have a net savings of FY26 of a trillion dollars, provided we’re allowed to continue and our progress is not impeded.”

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Very tough and dehumanizing. But the gang members appear dehumanized anyway.

Bukele: New Partnership With US Advances Fight Against Organized Crime (JTN)

El Salvador President Nayib Bukele said it’s partnership with the U.S. on transferring illegal immigrants linked to gang activity to prison in El Salvador helps both countries crack down on crime. Under Bukele, the homicide rate has dropped to its lowest point since the civil war in El Salvador in 1992.”The first 238 members of the Venezuelan criminal organization, Tren de Aragua, arrived in our country. They were immediately transferred to CECOT, the Terrorism Confinement Center, for a period of one year (renewable). The United States will pay a very low fee for them, but a high one for us,” Bukele wrote on X.”Over time, these actions, combined with the production already being generated by more than 40,000 inmates engaged in various workshops and labor under the Zero Idleness program, will help make our prison system self-sustainable. As of today, it costs $200 million per year,” he added.

Bukele said the partnership is helping dismantle the MS-13 gang. “On this occasion, the U.S. has also sent us 23 MS-13 members wanted by Salvadoran justice, including two ringleaders. One of them is a member of the criminal organization’s highest structure. This will help us finalize intelligence gathering and go after the last remnants of MS-13, including its former and new members, money, weapons, drugs, hideouts, collaborators, and sponsors,” he said. “As always, we continue advancing in the fight against organized crime. But this time, we are also helping our allies, making our prison system self-sustainable, and obtaining vital intelligence to make our country an even safer place. All in a single action. May God bless El Salvador, and may God bless the United States,” he added.

Bukele

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“..before he became associated with green beer and leprechauns, Saint Patrick was a symbol of freedom of speech.”

Celebrate Saint Patrick by Chasing Censors Out of Ireland (Turley)

With the arrival of Saint Patrick’s Day, our nation’s close affinity to Ireland was on full display in the White House as President Donald Trump and Vice President J.D. Vance hosted Irish Prime Minister Micheál Martin. We are two countries joined by blood and tradition. Of course, there are tensions over trade conflicts with the European Union and Ireland, which quickly came to the surface in the meeting. In the end, however, we are likely to resolve those trade problems. The fact is that we need each other, both economically and culturally. Yet, there is one chasm between the two countries that not only remains wide but is widening: the gap between how each country handles free speech. And Martin would much prefer to talk about Irish socks than Irish censorship. Ironically, before he became associated with green beer and leprechauns, Saint Patrick was a symbol of freedom of speech.

Although there is no evidence beyond pious legend that he chased snakes out of Ireland (there likely never were snakes in Ireland), he did chase slavery and human sacrifice out of the country, despite the initial unpopularity of his reforms. A former slave himself, St. Patrick’s public statements against slavery, paganism and longstanding traditions were viewed as harmful to social tranquility and harmony. Does that sound familiar? Today, Ireland, like many of our European allies, is shredding free speech with laws criminalizing viewpoints and regulating speech by its content. “Irish eyes [may be] smiling,” but Irish tongues are increasingly silent in the face of government investigations and prosecutions. The growing conflict between the U.S. and the Irish could not be more telling.

Irish immigrants, including some of my relatives, came to this country to live freely, and many soon became lawyers fighting for individual rights. Just before Martin’s arrival in Washington, his government was hammering Elon Musk and conservative sites in the latest crackdown on free speech. The most recent flashpoint was a small pro-life platform called Gript, a rallying point for many in his Catholic country who oppose abortion. The government demanded that X turn over Gript’s data on sources and users. An Irish court on June 13, 2024, sought the data on private accounts as well as IP addresses and messages linked to Gript coverage of the April protests against Ireland’s housing of documented migrants. The violence in those protests gave the Irish government another justification to curtail free speech.

In yet another defining moment for Musk on free speech, he not only resisted but informed Irish citizens what the government was doing. That transparency and opposition sent the Irish government into a full-on rage. After the arrest of 34 people and extensive property damage in the anti-immigration protests, the government moved to expand on its already draconian anti-free-speech laws. A new bill was introduced criminalizing “preparing or possessing material likely to incite violence or hatred against persons on account of their protected characteristics.” That includes any material concerning national or ethnic origin, as well as protected characteristics including “transgender and a gender other than those of male and female.”

The bill included crimes relating to “xenophobia” and can be committed merely by the “public dissemination or distribution of tracts, pictures or other material.” Then-Prime Minister Leo Varadkar declared his intent to “modernize laws against hatred” by criminalizing speech that his government decides is “incitement.” He stated an intention to not only stop those engaged in violence but those who say things that might arouse their anger. The powerful Irish Green Party was all-in with censorship and speech prosecutions. As Green Party Sen. Pauline O’Reilly admitted, “We are restricting freedom, but we’re doing it for the common good.”

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“This incomplete picture painted a grim outlook of crop yields declining with only modest warming..”

“The additional information showed “positive average output gains for all crop types across the warming scenarios even up to 5 degrees Celsius..”

Study Destroys Basis of EPA Climate Regulations (Jayaraj)

For two decades, the public has been bombarded with dire warnings of an impending climate-induced agricultural apocalypse. The claim is that a climate warmed excessively by the carbon dioxide emissions of human activity will ravage the food supply and plunge humanity into famine and chaos. For many reasons, none of this ever made sense. Now, a new study published in Scientific Reports has turned this narrative of catastrophe on its head, revealing that a global temperature rise of even 5 degrees Celsius (9 degrees Fahrenheit) would not reduce crop yields—and might even increase harvests. The paper, written by economist Ross McKitrick, dismantles a key pillar of the Biden administration’s always-suspect upward revision of the “social cost of carbon”—a metric used by the U.S. Environmental Protection Agency to quantify the supposed economic damage of carbon dioxide emissions.

The fivefold increase of the social cost of carbon—from $51 per ton of carbon dioxide to more than $250—was based partly on the assumption that warming would devastate agriculture. The new findings aren’t just a minor correction to the scientific record; they are a reversal of dangerous conclusions drawn from sloppy—perhaps even fraudulent—analyses. Everything we’ve been told about climate change and food security is wrong. How did the EPA arrive at a social cost of carbon that equates with mass starvation? In 2014, a widely cited meta-analysis of crop-model studies claimed that a warming climate would slash global crop yields, an assertion that fed into subsequent models that influenced the Biden EPA’s social cost of carbon hike.

That original dataset, however, was flawed—crippled by missing variables. Of its 1,722 records, nearly half lacked critical data, such as changes in CO2 concentrations, leaving only 862 usable entries. This incomplete picture painted a grim outlook of crop yields declining with only modest warming. McKitrick, undeterred by what had become climate orthodoxy, dug deeper. By revisiting the source material, he recovered 360 additional records, bringing the total to 1,222—about a 40% increase in usable data. The additional information showed “positive average output gains for all crop types across the warming scenarios even up to 5 degrees Celsius”—a temperature jump far beyond warming predictions of the U.N.’s International Panel on Climate Change. This isn’t cherry-picking; it’s what happens when the full scope of evidence is examined.

“If over the next 100-200 years, yields of all crop types increase, it does not stand to reason that a global trade model could generate global welfare reductions,” writes McKitrick in his concluding remarks. McKitrick’s findings, grounded in a more comprehensive dataset, suggest the doomsday assumption was built on sand. Far from heralding a collapse, the data show crop yields at least holding steady and even improving with significant warming. Moreover, plants are not too frail for a warming world. They’re built to thrive in the contemporary temperatures of the 20th and 21st centuries.

Most crops fall into two categories: C3 and C4 plants, so named to reflect their different photosynthetic processes. C3 crops, such as wheat, rice, and soybeans, flourish in elevated CO2 conditions characteristic of the 21st century.Carbon dioxide is food to plants, necessary for the process of photosynthesis—a process where oxygen is a byproduct. Higher levels of CO2 act like a supercharger, boosting photosynthesis and water-use efficiency. Studies have long shown that CO2 enrichment in greenhouses can increase C3 yields by 20% to 40%. C4 crops—like corn and sorghum—are less responsive to CO2 but do well in hotter, drier conditions. In summary, if crop yields don’t crash—if they hold steady or grow—the rationale for a sky-high social cost of carbon disappears.

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“..possibly due to increased exposure to visual media..”

People Becoming More Stupid (RT)

Human intellectual abilities such as reasoning and problem-solving are diminishing, possibly due to increased exposure to visual media, the Financial Times (FT) has reported. Human intelligence appeared to peak in the early 2010s and has been in decline since, the FT added, citing PISA, an international benchmarking test for 15-year-olds that includes reading, mathematics and science, and adult cognitive evaluations. The reported trend comes amid a rise in artificial intelligence (AI) which, by some estimates, may surpass human IQ in a matter of years.The recorded spike in the share of high school students who reported difficulties in PISA tests coincides with a broad change in people’s relationship with information, such as the transition away from reading and towards visual content, the publication explained.

While active, intentional use of digital technologies can often be beneficial, being passively exposed to infinite content on social media coupled with frequent context-switching has been shown to negatively impact attention span, memory, and self-regulation. The documented decline in reading among Americans reportedly comes alongside a decrease in numeracy and other forms of problem-solving in most countries. Human intellectual capabilities, such as critical thinking, have also been impacted by generative AI, according to recent research by Microsoft and Carnegie Mellon University. Outsourcing thoughts to AI leaves people’s minds “atrophied and unprepared,” which can lead to “the deterioration of cognitive faculties that ought to be preserved.”

Companies and governments have poured billions into AI research, focusing on areas such as machine learning, natural language processing, and automation. Tech giants like Google, Microsoft, and OpenAI have introduced increasingly sophisticated models, such as ChatGPT and Gemini, capable of performing complex cognitive tasks.AI could become smarter than humans in the next three years, tech billionaire Elon Musk warned in December, shortly after his AI company, xAI, launched its first image generation model, Aurora.

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Sums up the day.

Federal Judge Orders Astronauts Be Returned To Space Station (BBee)

A district judge has issued a ruling saying Trump lacked the Constitutional authority to pick up two astronauts who have been stranded at the International Space Station for several months. SpaceX has been ordered to return the astronauts immediately. “I will not stand by while Donald Trump abuses his power like a dictator,” said Judge Earl Flanders in his ruling. “Trump has no authority to pick up these astronauts, and I can say that because I’m a federal judge, and no one is allowed to argue with me, and everyone has to do what I say.” Eyewitnesses say the judge then donned a Keffiyeh and spray painted a Cybertruck while screaming “Black Lives Matter.”

Sources in Washington say Trump plans to brazenly ignore the lawful order and bring the astronauts home anyway. “This is just the kind of wanton lawlessness we should expect from a dictator who is literally Hitler,” said one legal analyst. The SpaceX craft docked at the ISS on Sunday and was preparing for the return journey to Earth when the orders stopped the process short. “Please bring us home, I just want a cheeseburger and a nap in a horizontal bed,” said one of the crew. At publishing time, Trump was polling at 100% approval among the stranded astronaut demographic.

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Extremism

 

 

Feynman
https://twitter.com/21WIRE/status/1901604907519467850

 

 

 

 

Scent
https://twitter.com/Yoda4ever/status/1901267216043024582

 

 

Mozart

 

 

Scott

 

 

 

 

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

 

 

 

 

 

Mar 142025
 
 March 14, 2025  Posted by at 10:12 am Finance Tagged with: , , , , , , , , , ,  51 Responses »


Pablo Picasso Rest (Marie-Thérèse Walter) 1932

 

Trump ‘Would Like To Meet’ Putin (RT)
Putin Lists Guarantees Moscow Wants For 30-Day Ceasefire (RT)
Putin’s Statement On Trump’s Ukraine Ceasefire Proposal (RT)
Moscow Banned Trump’s Ukraine Envoy From Peace Talks – NBC (RT)
Zelensky’s Last Stand? Trump’s Push For A Ukraine Settlement (Kortunov)
Zelensky In Political ‘Final Act’ — FT (RT)
‘A Ceasefire Only Benefits Those Who Are Retreating’ (RT)
Is Putin Being Boxed In by Trump and Zelensky? (Paul Craig Roberts)
US Deficit Sets Record With $1.1 Trillion In First 5 Months Of FY 2025 (JTN)
Trump Demands ‘Military Options’ To Control Panama Canal (RT)
Schumer Throws Contrived Tantrum After Caving To GOP (ZH)
MTG-Led DOGE House Panel Urges DOJ To Investigate Recent Attacks On Tesla (JTN)
EPA to Begin the ‘Biggest Deregulatory Action in US History’ (Moran)
Investors Betting On Russian Return To Western Markets – Bloomberg (RT)
EU Seeks To Intensify Immigrant Deportations (RT)
Tariffs are Theft (Ron Paul)
Clinton-Appointed Judge Slams Trump “Sham” (ZH)
America and the EU Are Drifting Apart – Moscow Is Watching (Bordachev)
A Conversation with Foreign Minister Lavrov (Larry Johnson)

 

 

 

 

Lutnick is impressive
https://twitter.com/MJTruthUltra/status/1899925243189170457

White House Automall
https://twitter.com/AutismCapital/status/1900027336676041126

Elon

Fox Elon
https://twitter.com/MarioNawfal/status/1900061762788974949

Bondi Patel
https://twitter.com/1776Diva/status/1900069765340656088

Artemis

Rogan DOGE

 

 

 

 

 

 

“They discussed NATO and being in NATO, and everybody knows what the answer to that is. They’ve known that answer for 40 years..”

Trump ‘Would Like To Meet’ Putin (RT)

President Donald Trump has expressed his readiness to meet and speak with his Russian counterpart after President Vladimir Putin said Moscow was open to a US-proposed ceasefire in Ukraine but raised numerous questions about its practical implementation. The Russian president voiced support for a potential 30-day ceasefire in the Ukraine conflict on Thursday, but warned of loopholes and strategic disadvantages, outlining Moscow’s concerns over how such a truce could be enforced. “[Putin] put out a very promising statement, but it wasn’t complete. And, yeah, I’d love to meet with him or talk to him,” Trump told journalists during a bilateral press conference with NATO Secretary General Mark Rutte later in the day. Trump said the US has already discussed many details of a potential “final agreement” with Kiev and is now waiting to see “whether or not Russia is there.”

“We’ve been discussing land with Ukraine… pieces of land that would be kept and lost and all of the other elements of a final agreement. You know, we’ve been discussing concepts of land because you don’t want to waste time with a ceasefire if it’s not going to mean anything,” Trump said. “They discussed NATO and being in NATO, and everybody knows what the answer to that is. They’ve known that answer for 40 years, in all fairness.” Trump’s special envoy, Steve Witkoff, visited the Russian capital on Thursday to discuss the results of US-Ukraine talks in Saudi Arabia earlier this week and to relay Moscow’s position back to Washington. Witkoff was also expected to meet with the Russian president behind closed doors in the evening, but officials have yet to confirm whether the meeting took place or to provide details of his other interactions during the brief visit.

Earlier in the day, Putin stated that Russian troops were advancing along nearly 2,000 kilometers of the front line and warned that halting military actions would disrupt their momentum and give Ukrainian forces time to regroup. “These 30 days – how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units?” Putin asked. Enforcing a ceasefire over such a vast battlefield would be difficult, he added, and violations could easily lead to a blame game between both sides. Putin also mentioned that Ukrainian troops who invaded Russia’s Kursk Region in August 2024 are now cut off. “Are we supposed to let them out after they committed mass war crimes against civilians?” he said. The Russian leader suggested that further direct discussions with his American counterpart would be necessary to find a viable solution, but officials have yet to confirm any specific timeline for such talks.

Read more …

Russia delivers main ceasefire demands to US - Reuters

• No NATO membership for Ukraine
• No NATO ”peacekeepers” in Ukraine
• Ukraine is denazified/demilitarised
• The 4 Donbass regions are recognised as Russian territories plus Crimea

In exchange:
• Cease of all hostilities
• Peace and stability for Ukraine

Putin Lists Guarantees Moscow Wants For 30-Day Ceasefire (RT)

Russian President Vladimir Putin has expressed support for a potential 30-day ceasefire in the Ukraine conflict but has raised concerns regarding how such a truce be implemented. Speaking on Thursday, Putin warned of potential loopholes and strategic disadvantages. “We also want guarantees that during the 30-day ceasefire, Ukraine will not conduct mobilization, will not train soldiers, and will not receive weapons,” Putin said during a press briefing with his Belarusian counterpart Alexander Lukashenko in Moscow. The president pointed out that Russian troops are advancing along nearly 2,000 kilometers of frontline, and halting military actions could disrupt ongoing operations. Ukrainian forces could use a ceasefire period to regroup, receive more weapons, and train fresh recruits, he warned.

“These 30 days — how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units? Or will none of this happen?” Putin asked. Enforcing a ceasefire over such a vast battlefield would be difficult, he added, violations could be easily disputed, leading to a blame game between both sides. Systems of “control and verification” to monitor a ceasefire are not in place but should be agreed. Putin also mentioned that Ukrainian troops who invaded Russia’s Kursk Region in August 2024 are now cut off. What is to be done with them in the event of a truce is unclear, he noted.

“Are we supposed to let them out, after they committed mass war crimes against civilians? Will the Ukrainian leadership tell them to lay down their arms, and just surrender?” Putin said. As of Wednesday evening, Moscow’s forces have regained control of 86% of the territory that was occupied by Ukrainian forces in August 2024, according to the head of the Russian General Staff, General Valery Gerasimov. Kiev’s remaining units in the area have been largely “encircled” and “isolated,” he claimed. Putin suggested that discussions with his American counterpart Donald Trump will be necessary to find a viable solution. “The idea of ending the conflict through peaceful means is something we support,” he stressed.

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It’s simply not that simple..

“Who will give orders to stop hostilities? And what is the price of these orders? Can you imagine? Almost 2,000 kilometers. Who will determine where and who broke the potential ceasefire? Who will be blamed?”

Putin’s Statement On Trump’s Ukraine Ceasefire Proposal (RT)

Russian President Vladimir Putin confirmed on Thursday that Russia is ready to discuss a ceasefire but that the terms of such an arrangement should be clarified. Putin has said as far back as July 2024 that Moscow is not interested in short-term pauses but is ready to engage on addressing the causes of the conflict. Washington and Kiev both endorsed a 30-day temporary truce following a meeting between their respective delegations in Saudi Arabia on Tuesday. Here’s a full transcript of the Russian president’s response:

“Before I assess how I view Ukraine’s readiness for a ceasefire, I would first like to begin by thanking the President of the United States, Mr. Trump, for paying so much attention to resolving the conflict in Ukraine. We all have enough issues to deal with. But many heads of state, the president of the People’s Republic of China, the Prime Minister of India, the presidents of Brazil and South African Republic are spending a lot of time dealing with this issue. We are thankful to all of them, because this is aimed at achieving a noble mission, a mission to stop hostilities and the loss of human lives. Secondly, we agree with the proposals to stop hostilities. But our position is that this ceasefire should lead to a long-term peace and eliminate the initial causes of this crisis. Now, about Ukraine’s readiness to cease hostilities. On the surface it may look like a decision made by Ukraine under US pressure.

In reality, I am absolutely convinced that the Ukrainian side should have insisted on this (ceasefire) from the Americans based on how the situation (on the front line) is unfolding, the realities on the ground. And how is it unfolding? I’m sure many of you know that yesterday I was in Kursk Region and listened to the reports of the head of the General Staff, the commander of the group of forces ‘North’ and his deputy about the situation at the border, specifically in the incursion area of Kursk Region. What is going on there? The situation there is completely under our control, and the group of forces that invaded our territory is completely isolated and under our complete fire control. Command over Ukrainian troops in this zone is lost. And if in the first stages, literally a week or two ago, Ukrainian servicemen tried to get out of there in large groups, now it is impossible.

They are trying to get out of there in very small groups, two or three people, because everything is under our full fire control. The equipment is completely abandoned. It is impossible to evacuate it. It will remain there. This is already guaranteed. And if in the coming days there will be a physical blockade, then no one will be able to leave at all. There will be only two ways. To surrender or die. And in these conditions, I think it would be very good for the Ukrainian side to achieve a truce for at least 30 days. And we are for it. But there are nuances. What are they? First, what are we going to do with this incursion force in Kursk Region? If we stop fighting for 30 days, what does it mean? That everyone who is there will leave without a fight? We should let them go after they committed mass crimes against civilians? Or will the Ukrainian leadership order them to lay down their arms. Simply surrender. How will this work? It is not clear.

How will other issues be resolved on all the lines of contact? This is almost 2,000 kilometers. As you know, Russian troops are advancing almost along the entire front. And there are ongoing military operations to surround rather large groups of enemy forces. These 30 days — how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units? Or will none of this happen? How will the issues of control and verification be resolved? How can we be guaranteed that nothing like this will happen? How will the control be organized? I hope that everyone understands this at the level of common sense. These are all serious issues.

Who will give orders to stop hostilities? And what is the price of these orders? Can you imagine? Almost 2,000 kilometers. Who will determine where and who broke the potential ceasefire? Who will be blamed? These are all questions that demand a thorough examination from both sides. Therefore, the idea itself is the right one, and we certainly support it. But there are questions that we have to discuss. I think we need to work with our American partners. Maybe I will speak to President Trump. But we support the idea of ending this conflict with peaceful means.

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Kellogg is an ex-army guy, who comes in with pre-conceived ideas. “Not our kind of person, not of the caliber we are looking for.”

Witkoff is a business man.

Moscow Banned Trump’s Ukraine Envoy From Peace Talks – NBC (RT)

Keith Kellogg, US President Donald Trump’s special envoy to Russia and Ukraine, has been barred from taking part in peace talks at Moscow’s request, NBC News reported on Thursday, citing sources. According to the report, Russian officials view Kellogg as too hawkish and “too close to Ukraine.” The retired US Army lieutenant general was absent from both last month’s Russia-US talks in Saudi Arabia and this week’s US-Ukraine talks in Jeddah. The White House also confirmed that Trump’s special envoy to the Middle East, Steve Witkoff, will attend the next round of negotiations with Russia instead of Kellogg. Witkoff arrived in Moscow late Thursday. “Kellogg is a former American general, too close to Ukraine,” an unnamed Russian official reportedly told NBC. “Not our kind of person, not of the caliber we are looking for.”

An official in the Trump administration reportedly confirmed that Moscow did not want Kellogg involved in the peace process. Another source claimed that Kellogg’s exclusion “stung” him. Neither Kellogg’s office nor Moscow have commented on the report. While Kellogg has supported Trump’s calls to end the Ukraine conflict, his views on achieving peace have not aligned with Moscow’s. He has backed continued US aid to Kiev, which Russia argues only prolongs the conflict, and advocated for freezing the conflict along the current front lines, which Moscow has rejected in favor of a lasting settlement. Kellogg has also pushed for using frozen Russian sovereign assets to rebuild and rearm Ukraine – an idea that Moscow has called theft.

In an interview with RT Russian on Wednesday, political analyst Malek Dudakov suggested that Kellogg could be permanently removed from negotiations following last month’s tense meeting between Trump and Vladimir Zelensky, which devolved into a shouting match after the Ukrainian leader pushed back against Trump’s demand for peace talks with Russia. This prompted Trump to accuse him of “gambling with World War III” before cutting the meeting short. The fallout reportedly delayed a key US-Ukraine rare-earth minerals deal and led to a temporary suspension of US military aid and intelligence-sharing with Kiev. “Basically, Kellogg was responsible for communication with the Ukrainian side, he instructed the Ukrainians, and we see that all this led to a grand failure. And now he will no longer participate in any new negotiations,” Dudakov told RT.

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“The EU establishment has spent years positioning itself as the defender of Kiev, and to be excluded from decisive negotiations would be nothing short of humiliating. However, this is precisely what is happening.”

Zelensky’s Last Stand? Trump’s Push For A Ukraine Settlement (Kortunov)

As high-stakes diplomacy unfolds between the United States and Ukraine, one thing is clear: President Donald Trump has little personal sympathy for his Ukrainian counterpart, Vladimir Zelensky. Their last meeting at the White House in February only reinforced this reality, with Trump once again treating Zelensky with thinly veiled disdain. There are rational reasons for Trump’s attitude. Zelensky bet too heavily on Joe Biden, tying Ukraine’s fate to the Democratic party. When Biden’s second term never materialized, and Kamala Harris crashed and burned, Kiev was left without a reliable sponsor in Washington. Trump’s instincts – both personal and political – place him in direct opposition to figures like Zelensky, who, despite also being an unconventional political outsider, represents a style of governance fundamentally at odds with the US president’s worldview.

What is particularly striking is Trump’s open criticism of Zelensky, a direct violation of established diplomatic norms. The White House has even floated the idea of his resignation – a notion recently reported by the German media outlet Bild. According to these reports, Trump no longer sees Zelensky as a viable ally and is exerting significant political pressure to force him out. The administration has not denied these claims. However, gaining Trump’s approval is no easy feat. Among today’s political heavyweights, very few leaders have managed to earn his genuine respect. The capricious and ego-driven 47th president of the United States has little patience for the leadership class of the European Union, nor for the leaders of America’s immediate neighbors, Mexico and Canada.

Trump appears far more at ease with strong, authoritative figures who project power – leaders like Hungarian Prime Minister Viktor Orban, Turkish President Recep Tayyip Erdogan, Israeli Prime Minister Benjamin Netanyahu, and, most notably, Russian President Vladimir Putin. Yet, in politics – as in business – one does not always get to choose one’s partners. Throughout his career in the highly competitive and often ruthless New York real estate market, Trump had to engage with individuals with questionable reputations. In that sense, his approach to international politics is no different from his business dealings: pragmatism trumps sentimentality. Trump’s interest in Ukraine is not about personal affinity; rather, he views the country as an asset in which the US has made a substantial investment. While he did not personally decide to back Kiev, he now finds himself responsible for managing America’s stake in the conflict, and like any businessman, he wants a return on investment.

This is why Trump’s approach is not one of immediate disengagement. He is looking for ways to extract value – whether through Ukraine’s rare earth minerals, transport and logistics infrastructure, fertile black soil, or other material assets. He does not want to simply write it off as a sunk cost, at least not before attempting to recoup some of America’s losses. Thus, his administration is attempting to force Kiev into a settlement on terms dictated by Washington. This effort culminated in Tuesday’s meeting in Riyadh, where Trump’s negotiators presented Zelensky’s team with a stark choice: accept the US conditions – including a ceasefire or partial cessation of hostilities – or risk complete abandonment.

Before this crucial meeting, Zelensky reportedly sent an apology letter to Trump, attempting to smooth over the tensions which followed their embarrassing White House encounter. According to US special envoy Steve Witkoff, this was an effort to salvage what remains of Ukraine’s negotiating position. Trump remains deeply skeptical of Zelensky’s ability to deliver on any agreement. The Ukrainian president’s credibility has been severely undermined, and his capacity to negotiate on behalf of his country’s political elite is far from certain. After all, Trump has learned from past experience that promises made by Kiev do not always translate into action. Following the Riyadh meeting, Trump’s attention turned to the far more consequential issue: negotiations with Moscow. Unlike Zelensky, Putin is negotiating from a position of strength, which makes any agreement far more complex. The days when the West could dictate terms to Russia are long over, and Trump likely understands that his leverage with Moscow is limited.

If Trump can reach an understanding with Putin, then the next stage of this process will involve forcing Western European nations to accept the new geopolitical reality. For Washington’s European allies, who have invested heavily in Ukraine, this will be a bitter pill to swallow. The EU establishment has spent years positioning itself as the defender of Kiev, and to be excluded from decisive negotiations would be nothing short of humiliating. However, this is precisely what is happening. The bloc’s leaders, including European Commission President Ursula von der Leyen, have been reduced to spectators, offering empty declarations of support for Ukraine while having no real influence over the outcome of events. For them, a settlement brokered by Trump without their participation would be the ultimate confirmation of their diminishing role in global affairs. Worse still, much of Western Europe’s investment in Ukraine – both financial and political – will likely be lost. While the Biden administration at least attempted to keep European allies involved in decision-making, Trump has no such inclination.

His goal is to conclude a deal that serves American interests, and he is unlikely to show concern for the reputational damage this will inflict on the EU’s political elite. The situation now presents Trump with one of the biggest diplomatic challenges of his presidency. Unlike in business, where deals can be walked away from, geopolitical agreements have long-lasting consequences. His ability to navigate this complex landscape – balancing pressure on Kiev, negotiating with Moscow, and sidelining Western Europe – will determine whether he can claim victory as a peacemaker. Ultimately, Ukraine’s fate is no longer in its own hands. The decisions made in Washington, Moscow, and – ironically – Riyadh will shape the country’s future. Whether Trump can strike a deal that satisfies all parties remains to be seen. But one thing is clear: Ukraine’s days as the central pillar of the West’s confrontation with Russia are coming to an end.

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Any paper he signs comes (pre-)loaded with legality questions.

Zelensky In Political ‘Final Act’ — FT (RT)

Vladimir Zelensky’s leadership is coming to an end, the Financial Times reported on Thursday, citing a senior Kiev’s official. The article comes amid growing concern in Washington over Zelensky’s legitimacy. Zelensky’s presidential term expired in May 2024. However, he has refused to hold a new election, referring to martial law imposed during the conflict with Russia. The current US administration has recently been trying to negotiate a path toward ending hostilities. US President Donald Trump briefly halted military assistance and intelligence sharing with Kiev, but resumed it following a bilateral meeting in Saudi Arabia earlier this week.

“We are in the final act [of Zelensky’s presidency],” a senior Ukrainian official told FT, confirming growing speculation in the country’s political circles over how long he will stay in office. The official also described the conflict with Russia as currently in a “hot phase.” According to Ukrainian soldiers, analysts, and officials cited by the newspaper, Kiev would be able to keep fighting for “at least six months” in case of a complete halt of military assistance from the US. They said, however, that it could be longer if the EU fills the gap and domestic arms production intensifies. Unnamed Western officials told FT that apart from a lack of weapons and ammunition, Zelensky’s leadership could be challenged by a shortage of men in the ranks, which remains Ukraine’s most pressing problem.

In November 2024, the administration of then US President Joe Biden urged Kiev to draft more troops and reduce the minimum conscription age from 25 to 18 to tackle a manpower shortage. The Ukrainian authorities rejected the proposal at the time, claiming that the main problem for the country’s forces was a lack of weapons. FT noted that Zelensky’s political opponents are currently “preparing for elections, forming alliances, and testing public messaging.” Several politicians have reportedly begun outreach to officials in the Trump administration.

Zelensky, whose presidential term expired in May 2024, has refused to hold new presidential and parliamentary elections, citing martial law due to the conflict with Moscow. Last month, US President Donald Trump questioned Zelensky’s legitimacy, branding him a “dictator without elections.” Russian President Vladimir Putin has cast doubt on Zelensky’s position as well. Shortly after his official term as the country’s head of state expired nearly a year ago, the Russian president called the Ukrainian parliament the only legitimate authority. Putin recently reiterated that the Ukrainian leader no longer has the right to sign official agreements.

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“5 of Russia’s top foreign relations experts and actors react to US-Ukraine talks.”

‘A Ceasefire Only Benefits Those Who Are Retreating’ (RT)

Political analyst Sergey Markov: Reasons why Russia might refuse a ceasefire:

1. A ceasefire would be exploited by the West and Ukraine to halt the advance of the Russian army, strip it of its initiative, supply the Ukrainian army with more weapons, continue extensive mobilization in Ukraine, and strengthen the repressive and anti-Russian nature of the Ukrainian political regime

2. The experience of the Minsk 1 and Minsk 2 agreements clearly demonstrates this pattern

3. The consistent dishonesty of Western politicians and media regarding the conflict, as well as their refusal to acknowledge their own and Ukraine’s culpability, strongly suggests that history will repeat itself

4. Russian President Vladimir Putin and other Russian officials have repeatedly stated that what Russia needs is lasting peace, not just a temporary ceasefire

5. The West cannot really be trusted

6. Russia is advancing. A ceasefire always benefits those who are retreating.

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“If Putin doesn’t agree to a cease fire, he risks offending Trump’s ego. Does Trump then become coercive because he is on the line with his promise to end the conflict?”

Is Putin Being Boxed In by Trump and Zelensky? (Paul Craig Roberts)

Trump and Zelensky have agreed on a cease fire, a pause in the conflict. How does this benefit Russia? It doesn’t. The Ukrainian military is collapsing on all fronts. 86% of the Ukrainian incursion into Kursk has been retaken, and the remaining Ukrainian forces are surrounded. What remains of the Ukrainian military is retreating from the few kilometers of Russian territory still occupied in the Donetsk and Zaporozhye regions that have been reincorporated into Russia. A cease fire is the last thing Russia needs when Russia is on the verge of total victory. Russia should be imposing surrender terms on Zelensky, Trump, and Europe. Russia has won the conflict. Why agree to a negotiation? The victor dictates the surrender terms. If Russia’s surrender terms are not accepted, Russia should proceed with the conquest of the entirety of Ukraine and reincorporate Ukraine into Russia where it historically belongs.

It was Washington taking advantage of the Soviet collapse that cut out Ukraine from its historic multi-century home as part of Russia. Are Putin and Lavrov too besotted with good will toward the West, which has been trying to destroy Russia, to understand the basics? Does Putin understand that Trump should first have come to him, worked out the terms of surrender between them, and imposed them on Zelensky, who in fact is not a legitimate head of government as his term in office has expired? Putin is correct. There needs to be a Ukrainian election that installs a legal government to whom to dictate the terms of surrender. What is the worth of a document signed by an illegal occupant of office? If Putin agrees with the Trump-Zelenzky cease fire, will it obligate Putin to agree to a settlement that is less than victory?

A cease fire would halt the Russian advance, provide Ukraine with time to rebuild with the weapons now again supplied by Trump. Will negotiations be a repeat of Putin’s Minsk mistake which cost Russia so dearly? If Putin denies Russia a victory, could he be removed from office? Peace must be conclusive. Cease fires never are. If memory serves, the Korean War in the 1950s is still governed by a cease fire, and antagonisms still exist between North and South Korea with Washington still adding to the confrontation. From what I know of Russia’s Westernized intellectual class that influences Putin and Lavrov, they are Westernized to the point of treason. Putin needs a Russian government occupied and advised by Russian nationalists. Otherwise Russia will remain a target despite its unrivaled weapons systems. In my column on March 11, I asked, “What should Trump do about Ukraine?” I answered:

“To end the conflict Trump doesn’t need to be holding meetings and talking about meetings with Putin, Zelensky, EU or anyone. It is extremely simple for Trump to end the conflict as far as the US is concerned. All he has to do is to make the hold he has put on delivery of weapons permanent and withdraw all US operatives in the proxy conflict with Russia. Without the US supplying weapons, intelligence, targeting information and money to keep the conflict alive, the conflict will quickly end. This is what Trump needs to tell Putin: “I know Washington is responsible for this conflict. I am withdrawing Washington’s participation. The conflict would not have happened if the Democrats had not stolen the 2020 election. I am cancelling the sanctions. I will be accused by the Democrats and the presstitutes of selling out Ukraine to you. Your job is to be merciful to Ukraine. As the US is responsible for the conflict, the US will help you to rebuild a demilitarized Ukraine in which economic advancement takes precedent over war. You must not fail my good intentions, or the Cold War will resume.”

As I asked later in my column, can Trump’s ego permit him to allow the settlement on Putin’s terms? For three years Putin has been slowly fighting a conflict that a capable war leader would have ended in three weeks. Putin’s failure as a war leader is clear. Putin, being sufficiently Westernized, never realized that his never-ending war would result in negotiations in which he was the last participant included. As Trump and the illegitimate Zelensky have arrived at a cease fire, the pressure is on Putin to join in, or Russia will be reviled for blocking a settlement with intentions of proceeding from the conquest of Ukraine to the conquest of Europe. If Putin joins in the cease fire, he risks Russia’s victory being watered down by the terms of a negotiated settlement.

Russia has been in many ways an easy target for the West. Soviet Communism having bred distrust of Russian government, has left Russian intellectuals easy pickings for Western propaganda. Many Russian intellectuals represent the West, not Russia. This Russian vulnerability has been skillfully exploited by the West. The question remains: How serious are Putin’s mistakes in his dealings with Washington? By permitting a conflict to continue until the initiative for its end passed into Washington’s hands, Putin has lost the initiative. If Putin doesn’t agree to a cease fire, he risks offending Trump’s ego. Does Trump than become coercive because he is on the line with his promise to end the conflict? Does Putin submit to Trump’s coercion? The outlook for this conflict being resolved is not as good as it seemed.

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Better call Elon.

US Deficit Sets Record With $1.1 Trillion In First 5 Months Of FY 2025 (jTN)

The United States’ deficit increased by a record-breaking $1.1 trillion during the first five months of the current fiscal year, new data from the Treasury Department showed. The new numbers, released Wednesday, showed the deficit between October 2024 and February 2025. The unadjusted increase saw a surge of $1.147 trillion, while the deficit for the same period in fiscal year 2024 was $828 billion. The deficit for February alone was $307 billion. The deficit is largely driven by spending on interest, military programs, public benefits and security, according to the financial news outlet Barron’s. The largest spending costs came from interest paid on the public debt and higher tax credits.

A Treasury department spokesperson told CNBC that there has been limited impact from Elon Musk’s Department of Government Efficiency, which is attempting to reduce wasteful government spending. But the department’s operations have only been active for one month. One exception has been the Education Department, per Barron’s, where expenditures were lower by $5.6 billion in February compared to the year before. President Donald Trump’s tariffs also did not appear to impact February’s deficit, but could impact March’s. The current fiscal year runs from October 2024 through September 2025.

Read more …

“President Jose Raul Mulino stated that the canal is part of Panama’s “inalienable patrimony”..

But Americans built it..

Trump Demands ‘Military Options’ To Control Panama Canal (RT)

The Panama Canal, a vital maritime route connecting the Atlantic and Pacific oceans, has been under Panamanian control since 1999 following the Torrijos-Carter Treaties, which stipulated that it would remain neutral and open to all nations. Trump has repeatedly threatened to take back control of the waterway, citing the “ridiculous fees” and concerns over China’s increasing presence in the region. Earlier this year, Trump refused to rule out the use of military force to take control of the canal, stating that all options are on the table to protect US economic and national security interests. In an Interim National Defense Strategic Guidance memo obtained by CNN on Thursday, the White House formally asked the Pentagon to “immediately” provide options to ensure unlimited US access to the canal.

“Provide credible military options to ensure fair and unfettered US military and commercial access to the Panama Canal,” one of the directives in the memo reportedly stated. US Southern Command is already developing potential plans, ranging from “partnering” closely with Panamanian security forces to a scenario in which US troops seize the canal by force, unnamed officials told NBC. Sources cited by Reuters also said the Pentagon had been ordered to explore military options to secure US access to the waterway.

Panamanian officials previously rejected Trump’s assertions and threats, while the Panama Canal Authority maintains that the canal is operated solely by Panamanians, with no evidence supporting claims of Chinese control. President Jose Raul Mulino stated that the canal is part of Panama’s “inalienable patrimony” and stressed that Panama maintains full control of its operations. However, after US Secretary of State Marco Rubio personally delivered Trump’s ultimatum to Panama in February, Mulino made a concession to Washington by refusing to renew the country’s 2017 agreements with China under Beijing’s Belt and Road Initiative.

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Chuck is shrinking before our eyes….

Schumer Throws Contrived Tantrum After Caving To GOP (ZH)

Update (2145ET): After bending the knee to the GOP and agreeing to vote ‘yes’ on the House-passed continuing resolution to fund the government through September, Senate Minority Leader Chuck Schumer (D-NY) offered a contrived outburst on MSNBC, calling Republicans ‘bastards’ before quickly correcting himself. “To have the conflict on the best ground we have, summed up in a sentence, that they’re making the middle class pay for tax cuts for billionaires?” said Schumer. “It’s much, much better not to be in the middle of a shutdown, which should divert people from the number one issue we have against these bastards, sorry, these people, which is not only all these cuts, but they’re ruining democracy.” How many times did he practice that in the mirror? Schumer also raged on X after bending the knee, writing that “a shutdown would be a gift,” and “the best distraction he could ask for from his awful agenda.”

Whatever you say Chuck…

* * *
Update (1800ET): And there it is… in a complete reversal following a closed-door lunch, Senate Minority Leader Chuck Schumer told fellow Democrats that he would vote for cloture tomorrow morning on the GOP stopgap, according to Punchbowl News’ Jake Sherman – who notes that 6 more Democrats will need to follow their leader after Sen. John Fetterman (D-PA) already said he would (see below). “I will vote to keep the government open and not shut it down,” Schumer announced on the Senate floor Thursday, adding that a shutdown “would give Donald Trump and Elon Musk carte blanche.” As we noted below, the most likely scenario looks to be the case; Dems will provide the necessary votes to pass the GOP bill, in exchange for Senate Republican leaders granting them a performative amendment vote on the Democrats’ separate CR proposal (which means absolutely nothing aside from putting their dissent on record).

* * *
With tomorrow’s shutdown deadline looming (and the House gone on recess until March 24), Senate Democrats are scrambling to both kill the GOP bill that passed the house, and avoid the optics of a shutdown falling squarely on their shoulders after minority leader Chuck Schumer categorically rejected the bill on Wednesday, and instead floated a 30-day continuing resolution which would allow Democrats to stuff it full of their own pork to include in a revised package (that he doesn’t have the votes for)… As the Senate opened Thursday, Majority Leader John Thune (R-SD) – who filed cloture on the House-passed CR on Wednesday – said, “It’s time to fish or cut bait.”

And as the Associated Press notes, debates over funding the federal government routinely erupt in deadline moments but this year it’s showing the political leverage of Republicans, newly in majority control of the White House and Congress, and the shortcomings of Democrats who are finding themselves unable to stop the Trump administration’s march across federal operations. Given that the Senate has 53 Republicans, one of whom is a definite ‘no’ (Rand Paul of Kentucky), at least eight Democrats need to cross party lines to avert a shutdown at midnight on Friday. According to the chaps at Punchbowl News, there’s really two ways this can play out at this point:

Option one: Democrats can fold and take the deal on the table – providing the votes needed to advance the House GOP’s stopgap spending bill in exchange for a symbolic amendment vote on their own 28-day funding extension. This would be pure theater, giving Democrats the chance to go on record opposing a shutdown while letting Republicans push through their own bill anyway. The government stays open, Schumer saves face with progressives, and Republicans get what they wanted all along. But make no mistake – this wouldn’t be a win for Schumer (a “fake BBQ’ing Palestinian”), who floated a 28-day CR that doesn’t have the votes to pass, even with a simple majority. Meanwhile, Republicans can sit back and let the clock force the issue. Time isn’t on the Democrats’ side, and at some point, they’ll have to face reality.

Option two: Schumer and Senate Democrats hold the line, block the House CR, and force a government shutdown. That means federal workers furloughed, services delayed, and chaos come Monday morning when the full effects hit. And here’s the kicker – Trump’s people at the Office of Management and Budget get to decide exactly how painful this shutdown will be. White House sources are already warning that the former president will make sure Democrats feel every bit of the pressure. But here’s where it gets ugly for Schumer: what’s the exit strategy? There isn’t one. The House is gone, meaning there’s no magic fix coming. And at some point, Democrats will have to explain why shutting down the government over a short-term CR that never had a shot at passing was somehow worth it.

So those are the choices: take the loss now and move on, or hold out, take the blame for the shutdown, and likely still take the loss later. Either way, Trump and Musk are watching from the sidelines, ready to make their next move while Washington does what it does best—trip over itself in broad daylight. According to the White House, “They’re totally screwed.”

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You would hope the FBI is on it.

MTG-Led DOGE House Panel Urges DOJ To Investigate Recent Attacks On Tesla (JTN)

The House’s Department of Government Efficiency panel, led by GOP Rep. Marjorie Taylor Greene, is asking the Justice Department to investigate Tesla vehicles being vandalized and destroyed since EV car company’s owner, Elon Musk, became a White House appointee. “These attacks, which seem to involve coordinated acts of vandalism, arson, and other acts of violence, seriously threaten public safety,” the DOGE subcommittee wrote in a letter Wednesday to Attorney General Pam Bondi and FBI Director Kash Patel.

Multiple Tesla cars, charging stations and dealerships have been vandalized since Musk began leading the Trump administration DOGE, according to ABC News. The letter listed examples such as Tesla charging stations being set on fire in Boston and Tesla cyber-trucks being set on fire in Seattle. Greene asked whether non-governmental organizations were involved in the attack. “If NGOs are linked to these attacks, has federal funding been provided to any of them?” the letter reads. “The American public deserves transparency and assurance that their tax dollars are not being used to fund domestic political terrorism.”

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“The EPA will “reconsider” 31 major environmental actions ranging from emissions standards for automobiles to the legal theory underpinning climate change..”

EPA to Begin the ‘Biggest Deregulatory Action in US History’ (Moran)

On Wednesday, Environmental Protection Agency (EPA) administrator Lee Zeldin outlined the most ambitious deregulation scheme in the history of the U.S. government. The EPA will “reconsider” 31 major environmental actions ranging from emissions standards for automobiles to the legal theory underpinning climate change. It’s truly breathtaking. However, announcing the reconsideration is only the first step. Now must come the long, drawn-out rulemaking process that will set guidelines on how the agency can proceed to repeal the regulations. That process alone will take many months, if not years, and green groups will challenge it every step of the way.

“These are all rules and regulations. They can’t just wish them away with a press release. You have to tear a regulation down the same way it was built up. They have to make a proposal for each one of these things and explain the reasoning and show evidence, and they have to have public comment and respond to public comment and then reach a final decision and defend it in court,” said David Doniger, the senior strategist and attorney for the Natural Resources Defense Council’s climate and energy department. “We’re going to fight them every step of the way.” Indeed, the work it will take to “reconsider” these regulations and repeal them makes me think this move by Zeldin has more to do with politics than government. Some of these rules have been upheld by the Supreme Court, including the climate change “endangerment finding” that undergirds the bulk of climate law.

Zeldin can’t just wave a magic wand and get rid of it. “This is crazy. This is insane,” said Jason Rylander, the legal director at the Center for Biological Diversity’s Climate Law Institute. “There have been attempts to limit the authority of EPA, but the scale and scope and speed with which this administration is attacking environmental safeguards is unprecedented.” It’s not “crazy” by any means. Remember that these environmental advocates think any word ever turned into regulation is holy writ and can’t be changed, or Gaia will strike us down. “Today is the greatest day of deregulation our nation has seen. We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S., and more,” said EPA Administrator Zeldin.

“Alongside President Trump, we are living up to our promises to unleash American energy, lower costs for Americans, revitalize the American auto industry, and work hand-in-hand with our state partners to advance our shared mission,” he added. As you might expect, some EPA staffers are approaching vapor lock. “Simply put, this is embarrassing,” one EPA worker said. “This is not the EPA we have dedicated our careers to. Instead of highlighting the importance of protecting human health and the environment, this administration is highlighting cutting cost in dollar figures while ignoring the human cost. The air we breathe and water we drink is a collective human right and more valuable than any dollar figure.”

No one is saying that air and water are not more valuable than dollars and cents. But neither are EPA regulations the word of god and can’t be changed. This particular employee actually believes that there’s no agenda attached to any of these regulations, an agenda that has little to do with protecting the environment. Even conservative judges are going to have a hard time with Trump’s EPA getting rid of most of these regulations. That’s why I suspect politics is the driving force in these actions by Zeldin and Trump, giving heart to the faithful and confusion to the enemy.

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“..(NDFs), a financial derivative that allows investors to bet on a currency’s future value without actual exchange. By not involving physical Russian assets or individuals, they remain outside the scope of current sanctions.”

Investors Betting On Russian Return To Western Markets – Bloomberg (RT)

Investors are quietly betting that US President Donald Trump’s recent initiatives to negotiate a peace deal in the Ukraine conflict could lead to Russia’s return to Western financial markets, Bloomberg reported on Thursday. The US and its allies have slapped numerous rounds of sanctions on Moscow since the escalation of the Ukraine conflict in 2022. Russia has been cut off from Western investments and its largest stock exchange has been sanctioned. In recent weeks, traders at a London brokerage have been seeking to buy Russian securities, an asset largely avoided over the past three years, Bloomberg reported. Their focus has been on buying dollar-denominated bonds issued by Russian energy giant Gazprom.

Investors are speculating that heavily discounted Russian securities could surge in value if Ukraine-related sanctions imposed on Moscow are lifted, the outlet stated. Investors “understand that as soon as there’s a thaw, these discounts will collapse,” Iskander Lutsko, Dubai-based head of research and portfolio management at Istar Capital, told Bloomberg. Money managers report that sales teams are assessing interest in staking on the ruble through non-deliverable forwards (NDFs), a financial derivative that allows investors to bet on a currency’s future value without actual exchange. By not involving physical Russian assets or individuals, they remain outside the scope of current sanctions.

Major US investment banks Goldman Sachs and JPMorgan Chase have reportedly been brokering ruble-linked derivative contracts to meet growing investor interest in Russian-related assets. “There’s an aggressive search for securities of Russian issuers around the world,” Evgeny Kogan, a Moscow-based investment banker, told Bloomberg. “Investors in general are asking how quickly they can enter the Russian market.” According to the report, Russia’s potential reintegration into the Western financial system could unlock hundreds of billions of dollars.

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Uh-oh, there goes Mutti’s promised land..

EU Seeks To Intensify Immigrant Deportations (RT)

The European Commission has formally proposed to harmonize deportation rules across the EU. The current regulations, which vary by state, allow those who have been denied the right to remain in the bloc lawfully to exploit the system, resulting in a 20% deportation rate. President Ursula von der Leyen has labeled the figure “by far, too low.” The proposed rules “will ensure that those who have no right to stay in the EU are actually returned” to their countries of origin, EU Commissioner for Internal Affairs and Migration, Magnus Brunner, has claimed.

The 87-page document unveiled on Tuesday will require immigrants to cooperate with authorities, permit the extended detention of asylum seekers, and introduce the mutual recognition of deportation orders among member states. The reforms aim to encourage voluntary returns and close loopholes currently exploited by illegal immigrants who evade forced repatriation by moving between EU countries.The plan will establish “return hubs” – deportation centers in third countries willing to accept expelled individuals from the EU. If approved by the European Parliament and the Council of Europe, the new system is set to take effect in mid-2027.

Illegal immigration has remained a hot-button issue in the EU since the 2015 crisis, which saw over a million people arrive in member states. The authorities’ decision to welcome this influx sparked a backlash from several Eastern European nations, citing threats to security and culture. Political guidelines issued by von der Leyen last July pledged to strengthen the EU’s borders and crack down on human trafficking, a significant driver of illegal immigration.

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Interesting when compared to Paul Craig Roberts yesterday, who said:

“Trump has spoken of substituting tariffs for the income tax. This is a brilliant thought.
The income tax taxes labor and capital, factors of production. Thus income tax reduces GDP and living standards.”

Tariffs are Theft (Ron Paul)

The US and China came closer to a full-fledged trade war last week when China imposed tariffs of up to 15 percent on key US agricultural exports. This was retaliation for President Trump’s increasing of tariffs on Chinese exports to the United States from 10 percent to 20 percent. China’s retaliatory tariffs show how export-dependent industries are harmed by protectionist policies. Even if other countries refrain from imposing retaliatory tariffs, exporters can still suffer from reduced demand for their products in countries targeted by US tariffs. Businesses that rely on imported materials to manufacture their products also suffer from increased production costs thanks to tariffs. President Trump acknowledged how tariffs harm US manufacturers when he granted US automakers’ request for a one-month delay in new tariffs on imports from Mexico and Canada.

Many American consumers who are struggling with high prices are concerned that President Trump’s tariff policy will further increase prices. They are right to be concerned. Contrary to popular belief, foreign businesses do not pay tariffs. Tariffs are paid by US businesses that wish to sell the imported goods. When tariffs are increased, the importing businesses try to recoup their increased costs by increasing their prices. Consumers then must choose whether to pay the higher price, find a cheaper alternative, or do without the product. Whatever they choose, consumers will be worse off because they cannot spend their money the way they prefer.Tariffs may provide a short-term benefit to the protected businesses. However, tariffs could keep businesses alive that should be allowed to fail so the business owners and workers can put their talents to use in other endeavors that would more greatly benefit and the whole economy.

Defenders of tariffs, including President Trump, claim the revenue from tariffs can be used to “offset” the revenue government loses from tax cuts. Some even claim that tariffs can generate enough revenue to allow the government to repeal the income tax. The problem with this is that a tariff brings in more revenue to “pay for” tax cuts only to the extent the tariff does not cause consumers to cease buying imported goods. Thus, the tariffs, to bring revenue to the government, must not be large enough to discourage Americans from buying foreign products. The more tariffs increase government revenue, the more they will tend to fail in bringing about another often promoted tariff goal — an increase in the purchase of domestic goods.

According to the Tax Foundation, if President Trump’s tariff plan for China, Mexico, and Canada were fully implemented, it would increase federal tax revenue by 142 billion dollars this year — an average tax increase of over one thousand dollars per household. The tariffs would also decrease economic output. This does not account for the decline in consumer satisfaction caused by consumers being forced to alter their consumption choices because of government-caused price increases. It also does not account for the new businesses, products, and jobs that could have been created had government not drained resources from the productive economy via tariffs. The economic effects are a good enough reason to oppose raising tariffs. However, the main reason to oppose tariffs is that tariffs, like all taxes (including the inflation tax), are theft.

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Mr. policy-maker. He should move into the White House. ‘You can only fire people if i say so’..

Clinton-Appointed Judge Slams Trump “Sham” (ZH)

San Francisco based… check. Clinton appointed… check. So how do you think the case against President Trump firing federal probationary staff went? Bingo… U.S. District Judge William Alsup described the mass firings as a “sham” strategy by the government’s central human resources office to sidestep legal requirements for reducing the federal workforce. Politico reports that Alsup, a San Francisco-based appointee of President Bill Clinton, ordered the Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs departments to “immediately” offer all fired probationary employees their jobs back. The Office of Personnel Management, the judge said, had made an “unlawful” decision to terminate them. The order is one of the most far-reaching rejections of the Trump administration’s effort to slash the bureaucracy and is almost certain to be appealed.

“You will not bring the people in here to be cross-examined. You’re afraid to do so because you know cross examination would reveal the truth,” the judge said to a DOJ attorney during a hearing Thursday. “I tend to doubt that you’re telling me the truth. … I’m tired of seeing you stonewall on trying to get at the truth.” The judge called the move “a gimmick.” Alsup also said the Office of Personnel Management couldn’t give guidance on who to terminate, according to ABC News. “It is sad, a sad day when our government would fire some good employee and say it was based on performance when they know good and well that’s a lie,” Alsup said. Do those sound like the findings of a non-partisan, legally-trained, judicially-independent member of the bench? And on it goes…

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“Washington is increasingly making it clear that Western Europe must contribute more while receiving less in return.”

America and the EU Are Drifting Apart – Moscow Is Watching (Bordachev)

The geopolitical unity of the West, often perceived as a monolithic front against Russia, is showing visible fractures. The question now is whether Moscow should actively encourage the widening rift between the United States and Western Europe – or simply sit back and let history take its course. For now, the EU states are desperate to avoid responsibility for the crisis in Ukraine. This was evident in Brussels’ immediate endorsement of the latest US-Ukraine talks, signaling relief that Washington is still managing the situation. European leaders had feared that the new American administration under Donald Trump might offload the burden onto them, forcing them to take direct responsibility for confronting Russia. That nightmare, at least for now, has been postponed. But the larger strategic question remains: How long can this uneasy balance last?

Is the US-Europe rift temporary or permanent? The unity of the collective West – a term used to describe the US and its European allies acting as a single political and military bloc – was never an absolute certainty. It was always dependent on American leadership, which is now undergoing major internal shifts. Trump’s return has signaled a profound shift in Washington’s strategic thinking. While the US remains the most militarized and economically powerful country in the Western alliance, it is now experiencing an identity crisis. The ruling elite in Washington knows it must redefine its role in a world where its global dominance is being challenged. This raises a critical question: Can the US and Western Europe continue as a united front, or is their strategic divergence inevitable? For Moscow, this is more than just a theoretical debate. If the West’s unity was merely a temporary phenomenon – a product of post-World War II security arrangements and Cold War politics – then it follows that Russia must consider whether and how to encourage this fragmentation.

The US political crisis and its impact on Europe The deepening internal crisis in the US is one of the main reasons the EU is being forced into an uncomfortable position. First, America’s economic model is under strain. For decades, Washington sustained its dominance by attracting cheap labor from Latin America while maintaining global economic hegemony. But the mass migration crisis has turned into a politically explosive issue, with growing resistance to uncontrolled immigration. Second, the old neoliberal model of globalization is breaking down. Many nations no longer accept a US-led order that imposes unequal economic relationships. This has led to an emergence of independent power centers – from China and India to Middle Eastern states – that refuse to play by Washington’s rules. Finally, the conflict in Ukraine has exposed the limits of American power. Russia’s ability to withstand three years of Western pressure – economically, militarily, and diplomatically – has forced Washington to reconsider its strategy. The US has never faced a direct geopolitical confrontation with China, and its approach toward Beijing remains one of cautious engagement. But with Russia, it has now met a determined adversary that refuses to bend.

Western Europe’s dilemma: dependence or independence? For the EU, any major shift in US policy is a cause for alarm. Since World War II, Western European elites have relied on American military protection while enjoying economic prosperity under the US-led global order. In exchange for this security umbrella, these states surrendered much of their foreign policy independence. Despite its economic weight, the EU has largely functioned as a political appendage of Washington. This has come at a cost: Western European leaders have little say in critical global decisions, and their fate remains tied to decisions made in the US. Now, with Washington signaling it wants to shift its focus – both in military and economic terms – the bloc finds itself in a precarious situation.

Western Europe lacks the demographic and financial resources to turn itself into a military superpower. The idea of building an independent EU defense structure is often discussed but remains unrealistic. Without U.S. support, these states cannot sustain a large-scale conflict with Russia. Also, Washington is increasingly making it clear that Western Europe must contribute more while receiving less in return. The US political class knows that economic resources are finite, and American taxpayers are questioning why they should continue subsidizing European security. The rise of populist and nationalist movements across Europe – many of which favor detente with Moscow – adds another layer of complexity. Washington’s support for non-mainstream European politicians, such as the Alternative for Germany (AfD) or Romania’s banned presidential candidate Calin Georgescu, signals an emerging divide.

How should Russia respond? Moscow must recognize that any long-term fracturing of the West works to its strategic advantage. History shows that Russia has been most successful in its geopolitical struggles when the West was divided. During the Northern War, Peter the Great’s Russia exploited divisions within Europe’s anti-Swedish coalition; in the Napoleonic Wars, Russia aligned with Britain – normally a rival – to defeat France. During World War II, the Soviet Union benefited from the split between the US and Nazi Germany’s former allies. Conversely, when the West has acted as a single entity, Russia has faced its most significant challenges – such as during the Cold War, which led to the eventual collapse of the Soviet Union. Given these historical lessons, it would be unwise for Moscow to ignore opportunities to accelerate the split between Washington and its European allies. Russia must continue engaging with Trump’s team while indirectly supporting voices in Europe who favor a more balanced approach to Russia. Moscow should deepen its bilateral economic ties with individual European countries, bypassing Brussels’ restrictive policies wherever possible. Any serious attempt by Western Europe to build an independent military bloc should be closely monitored – though in reality, such plans remain far-fetched.

The future of the West is uncertain While Trump’s arrival has disrupted the status quo, it remains unclear whether this is just a temporary setback for transatlantic unity or the beginning of a permanent shift. If Washington continues down the path of reducing its commitments to Europe, the EU will face an identity crisis – one that may ultimately lead to a loss of American influence over EU politics. For Russia, this presents an opportunity. By carefully navigating these developments, Moscow can ensure that any cracks in the Western alliance become permanent fractures – shaping a world where American and Western European interests no longer align as they once did. Russia does not need to rush or force the split – the US is doing that on its own. But Moscow can and should help accelerate the process where possible. After all, a divided West is a weaker West – and that is something Russia has always understood.

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What an invitation! Now imagine Marco Rubio, or Macron, von der Leyen, reaching out to new media this way. Trump might…

A Conversation with Foreign Minister Lavrov (Larry Johnson)

What an honor. I was invited, along with Judge Napolitano and Mario Nawfal, to interview Russian Foreign Minister Lavrov on Monday. Mr. Lavrov is smart, charming, funny and quite approachable. He ain’t a bullshitter. There was no pretense about him. After spending more than 90 minutes conversing with him, I came away with a new appreciation of his skill as the consummate diplomat. Although we each had prepared a couple of questions in advance, those went out the window once the conversation started. There were no constraints on what we could ask. There was an added treat before Mr. Lavrov arrived… we spent thirty minutes chatting with Maria Zakharova in a casual environment. She is equally charming and tough as a rhinoceros hide. I think of her as an iron fist wrapped in a luxurious velvet glove. A formidable diplomat in her own right.

Here is a summary of the key points Mr. Lavrov made during our discussion:
• I think what is going on in the United States is a return to normalcy. <…> The fact is that a normal administration without any, you know, unChristian ideas came to power and the reaction was such an explosion in the media, in the politics all over the world is very interesting and very telling.
• When we met in Riyadh with Marco Rubio, Mike Waltz and Steve Witkoff they suggested the meeting and they said, look, we want normal relations in the sense that the foundation of the American foreign policy under the Donald Trump administration is the national interest of the United States. But at the same time, we understand that other countries also have their national interest.
• It is very well understood that countries like the United States and Russia would never have their national interest the same. They would not coincide maybe even 50 or less percent. But when they do coincide this situation must be used to develop this simultaneous and similar interest. But when the interests do not coincide and contradict each other then the responsible countries must do everything not to allow this contradiction to degenerate into confrontation, especially military confrontation which would be disastrous for many other countries.
• The beginning of the special military operation was a decision because all other attempts, all other alternatives to bring things into some positive dimension failed for ten years after the illegal coup in Kiev, in violation of the deal signed the night before and guaranteed by the Germans, French and Poles.
• I don’t think the Americans would drop from NATO. At least President Trump never hinted that this might be the case. But what he did bluntly say was that if you want us to protect you, to give you security guarantees, you pay what is necessary.
• But President Trump doesn’t want to provide these security guarantees to Ukraine under Zelensky. He has his own view of the situation which he bluntly presents every now and then, that this war should never have started – that pulling Ukraine into NATO in violation of its constitution, in violation of the Declaration of Independence of 1991, on the basis of which we recognized Ukraine as a sovereign state. For several reasons including that this Declaration was saying no NATO, no blocs, neutral status. Another thing which this Declaration also confirmed and solidified – all rights of Russian and all other national minorities are to be respected.
• Europe and the UK, they certainly want this to continue. The way they received Zelensky in London after the scandal in Washington, it’s an indication that they want to raise the stakes and they are preparing something to pressure the Donald Trump administration back into some aggressive action against Russia.
• It’s not about the territories, it’s about the people who were deprived of their history by law. Territories are important only because people live on these territories. The people who live on the territories are descendants of those who for hundreds of years were building Odessa & other cities on those very lands who were building ports, roads, who were founding those lands and who associated with the history of this land.

! The Americans know that we would not betray our commitments, legal commitments, the political commitments which we develop with China.

Mario Nawfal, the young man seated between the Judge and me, was a delight to be with. At the ripe old age of 30, he treated Judge Nap and me like two respected grandfathers. Being able to spend five days with Judge Napolitano — it was the first time we have been together physically in the entire time that I have known him — was a special treat. The Judge and I met for breakfast every morning in the room pictured above during our time in Moscow. While eating, we were serenaded by a talented harpist, which added a surreal quality to the experience. The staff at the Metropol are superb as well. I will provide a more detailed account of our time in Moscow in a forthcoming post.

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Flu shot
https://twitter.com/VigilantFox/status/1899889092911129014

 

 

 

 

Happybird
https://twitter.com/buitengebieden/status/1900074009003188539

 

 

Table

 

 

Origami
https://twitter.com/gunsnrosesgirl3/status/1900239757554442694

 

 

AI Hepburn
https://twitter.com/gunsnrosesgirl3/status/1900059437622063208

 

 

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

 

 

 

 

 

Jul 032022
 


Pablo Picasso The muse 1935

 

This 4th of July: Requiem for Freedoms Long Gone? (Brig Gen (ret) Blaine Holt)
The Disintegration Of Western Society – Visible To The Naked Eye (Wilbert)
“High Gas Prices Necessary For ‘Future Of The Liberal World Order'” (JTN)
Saudi Arabia in Discussion to Join BRICS Coalition (CTH)
A World Food Crisis Is Coming, And US Allows CCP To Buy American Farmland (CNBC)
Nuke War Coming, Mysterious Deaths Don’t Stop, Dems Can’t Win – PCR (USAW)
Kissinger’s Gas Crisis -And Pipeline- (George Webb)
Wall Street Advocates Begin Admitting Demand Side Economy is in Free Fall (CTH)
700 Million Worldwide Will Die from CV19 Vax by 2028 – Dr. David Martin (USAW)
Washington State Governor Makes Covid Vaccines A Permanent Requirement (JTN)
We’ll Investigate Bidens’ Shady Business Dealings (NYP)
On Clarence Thomas, White Liberals and Racial Politics (Musa al-Gharbi)
The EPA’s Loss Is A Win For Democracy (Darwall)
CNN Suffers Biggest Ratings Dip In 7 Years: Viewers Plummet 13% In June (DM)

 

 


Happy 51st birthday Julian

 

 

Putin on Edward Snowden

 

 


We’re almost there!

 

 

Kash Patel Transition Nov 2020

 

 

Bandera
https://twitter.com/i/status/1543221160187502596

 

 

FUN FACT: Over $8.5 trillion has been wiped out of the US stock market this year.

 

 

 

 

“Established old money elites and entrenched academics have long denigrated the power and influence that came from innovation and hard work.”

This 4th of July: Requiem for Freedoms Long Gone? (Brig Gen (ret) Blaine Holt)

Marinate those ribs, ice the beer, and get the fireworks ready so we can revel in the red, white, and blue. Let’s raise our collective glasses today to the bold few who spoke on our behalf more than 200 years ago. Thomas Jefferson’s inspired words live on: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” Can you imagine how electric the atmosphere must have been on that steamy summer day when the Founders, having agreed to the brave separation from the British Crown on July 4, 1776 – committed their lives, fortunes, and sacred honor to each other as 51 of the 56 signers executed the Declaration of Independence.

The American Constitution is the longest standing governing document in the history of the world. We owe the Founders not just gratitude, but a civic commitment backed by our lives, fortunes, and sacred honor to protect and preserve liberty. Free people in hot pursuit of their happiness are quite an excitable and often unruly lot. Established old money elites and entrenched academics have long denigrated the power and influence that came from innovation and hard work. From Woodrow Wilson to Henry Kissinger to the Davos elites, the usurpation of liberty through the attacks on individual freedoms guaranteed in the Bill of Rights are being fired upon citizens at a rapid pace. The nefarious plot to slowly eat away at liberty has been working for more than 70 years.

Global elitist, Henry Kissinger had the playbook when he said; “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” Since Wilson’s day the elites have worked overtime imagining ways to bridle, We the People. Rather than the ho-hum predictable “good ‘ole boys (and girls) clubs,” or access to capital and opportunity based on your last name, they have leveraged eager and willing accomplices in government bureaucracy to establish what we all know as “the system.” Professional politicians beholden to big money rarely fear the people or the ballot box. Voila! — Your 40-year, double-digit term senators and representatives are born.

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“The most practical example of this is recent with the Nordics joining NATO without any referendum or popular poll within the countries’ society.”

The Disintegration Of Western Society – Visible To The Naked Eye (Wilbert)

While we notice the closest integration among emerging countries, we notice a certain disparity among the richest, first-world countries, because they may not seem like it, but they also have internal problems that cannot always be fought. And the most recent of these is inflation, with an unprecedented rise in prices. The middle class, the main target of the Great Reset enthusiasts, is beginning to feel prices rising more and more, even though they don’t fully agree with the war at the moment, which is impressive if you consider that public opinion is of little concern to the leaders who are driving the economic-military and diplomatic disaster in Europe. The most practical example of this is recent with the Nordics joining NATO without any referendum or popular poll within the countries’ society.

And the argument to be used I can already imagine: “But democracy is representative, William! If the people vote for politician x, it’s because they agree with his platform.” Yes. But that is half right. Not entirely. Democracy, especially representative democracy, has a serious flaw, precisely in terms of representation. Politicians who are not faithfully committed to the objectives of the nation, of the homeland, but, unfortunately, are rather vain, cause a distortion in the etymological sense of the term “representative democracy”, because who would it represent? Not the people! And one of the causes of the wrong votes that the people usually give (considering totally clean elections) is due to the fact that it is not invested in the political conscience of these societies, usually due to a lack of interest from part of society, but also due to the lack of incentives from the State in this matter.

But this is a very complex subject that I can deal with in another article. To try to continue the reasoning of the Western disintegration and distortion of the democratic sense, I can give a practical example of Brazil, because it is closer to home. The juristocracy ended up taking over the country after Operation Lava Jato, which was nothing more than an American collusion with the Brazilian opposition to depose the Dilma Rousseff government (which does not cancel out Dilma’s mistakes, who was a terrible supposed economist and basically destroyed the country, becoming easy prey as she fell into popular disgrace). But what is this juristocracy? Simply the country’s Supreme Court overruling any take on government that the Federal Executive Branch has. And that’s just about anyone anyway.

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He actually said it.

“High Gas Prices Necessary For ‘Future Of The Liberal World Order'” (JTN)

White House economic adviser Brian Deese on Thursday told CNN that high gas prices were a necessary inconvenience to preserve the “future of the liberal world order,” amid the ongoing Russian invasion of Ukraine. The average price of gas exceeded $5 per gallon for the first time in U.S. history in early June. CNN’s Victor Blackwell asked Deese to speak to comments President Joe Biden made earlier in the day suggesting Americans would pay high prices for “as long as it takes” for the war in Ukraine to end. Blackwell noted that experts have predicted the war’s end is unlikely to come in the near future before asking Deese “what do you say to those families that say ‘listen, we can’t afford to pay $4.85 a gallon for months, if not years. This is just not sustainable’?”


“What you heard from the president today was a clear articulation of the stakes,” Deese answered. “This is about the future of the liberal world order, and we have to stand firm.” The Biden administration has drawn considerable criticism for its handling of the economy, especially on inflation and energy policy. Amid rising energy costs and opposition demands for increased domestic production, the government on Friday announced it had yet to decide on a plan to deny or approve, in part or in full, the expansion of oil and gas drilling leases in Alaska and the Gulf of Mexico.

Rutte WEF

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Biden’s there next week?!

Saudi Arabia in Discussion to Join BRICS Coalition (CTH)

It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe Biden’s visit to the Kingdom of Saudi Arabia. Is this strategic geopolitical pressure from Saudi leader Mohamed Bin Salman (MbS) ahead of the meeting with Biden; or is this a genuine possibility that looms as likely? If the former, then Joe Biden is being geopolitically slow roasted by Saudi Arabia for his previous disparagements and ideological hypocrisy in his visit. If it is the latter, well, then the tectonic plates of international trade, banking and economics are about to shift directly under our American feet.

We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies. This article from Newsweek is exactly about this dynamic with Saudi Arabia now potentially joining the BRICS team. [..] Here is the money quote:

[…] “China’s invitation to the Kingdom of Saudi Arabia to join the ‘BRICS’ confirms that the Kingdom has a major role in building the new world and became an important and essential player in global trade and economics,” Mohammed al-Hamed, president of the Saudi Elite group in Riyadh, told Newsweek. “Saudi Arabia’s Vision 2030 is moving forward at a confident and global pace in all fields and sectors.”[…] “This accession, if Saudi joins it, will balance the world economic system, especially since the Kingdom of Saudi Arabia is the largest exporter of oil in the world, and it’s in the G20,” Hamed said. “If it happens, this will support any economic movement and development in the world trade and economy, and record remarkable progress in social and economic aspects as Saudi Arabia should have partnerships with every country in the world.”

That would essentially be the end of the petrodollar, and -in even more consequential terms- the end of the United States ability to use the weight of the international trade currency to manipulate foreign government. The global economic system would have an alternative. The fracturing of the world, created as an outcome of energy development, would be guaranteed.

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Chinese Purchase Of North Dakota Farmland Raises National Security Concerns

A World Food Crisis Is Coming, And US Allows CCP To Buy American Farmland (CNBC)

At first glance, the largely barren, wind-swept tract of land just north of Grand Forks, North Dakota, seems to be an unlikely location for international espionage. There’s not much on the more than 300-acre patch of prime Dakota farmland right now other than dirt and tall grasses, bordered by highways and light industrial facilities on the outskirts of the city. The nearest neighbors include a crop production company, a truck and trailer service outfit, and Patio World, which sells landscaping supplies for suburban backyards.But when the three North Dakotans who owned the parcels of land here sold them for millions of dollars this spring, the transaction raised alarm bells as far away as Washington, D.C.

That’s because the buyer of the land was a Chinese company, the Fufeng Group, based in Shandong, China, and the property is just about 20 minutes down the road from Grand Forks Air Force Base — home to some of the nation’s most sensitive military drone technology.The base is also the home of a new space networking center, which a North Dakota senator said handles “the backbone of all U.S. military communications across the globe.”Now some security experts warn the Chinese corn milling plant should be stopped, because it could offer Chinese intelligence unprecedented access to the facility. It’s an only-in-America kind of fight — pitting the property and economic rights of a community against national security warnings from high-ranking officials in the nation’s capital.

Debate over the project has roiled the small community, with emotional city council hearings, local politicians at odds with one another, and neighborhood groups gearing up to block the project. Craig Spicer, whose trucking company borders the Chinese-held land, said he’s suspicious of the new company’s intent. “It makes me feel nervous for my grandkids,” he said. “It makes me feel nervous for my kids.” Gary Bridgeford, who sold his parcel of the farmland to the Chinese company for around $2.6 million this year, said his neighbors have vented their anger at him and planted signs opposing the project in his front yard. “I’ve been threatened,” he said. “I’ve been called every name in the book for selling property.”

Bridgeford said he believes the national security concerns are overblown. “How would they gain any knowledge of the base?” he asked. “It’s about 12 miles away. It isn’t like its next door.” “People hear the China stuff and there’s concern,” Bridgeford said. “But everyone has a phone in their pocket that was probably made in China. Where do you draw the line?”

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Paul Craig Roberts.

Nuke War Coming, Mysterious Deaths Don’t Stop, Dems Can’t Win – PCR (USAW)

Dr. Paul Craig Roberts says American leaders want war with Russia. Russia is trying to avoid war, but the provocations from the U.S. and NATO keep coming. At some point, Dr. Roberts says Russia will be backed into a corner, and it won’t take long for the battle to go nuclear. This is a special interview inside the Weekly News Wrap-Up that explains how we got here and where we are going in terms of war with Russia. Dr. Roberts says it’s no longer a question of if, but when, it all hits the fan.

You cannot hide the unexplained deaths and emergency sickness. It is now happening every week. 32-year-old SNL comedian Nick Nemeroff died in his sleep this week, but before he did, he was on video complaining about being deathly sick after the two CV19 shots he already got. He pledged that he would not get the booster, and he never did–because he died a few days later. Meanwhile, Blink 182 drummer Travis Barker was rushed to the hospital with some strange emergency, and the drummer for Five Seconds of Summer passed out on stage for no apparent reason. Once again, the question is, “Were they vaxed?” This trend is going to continue for some time to come no matter if you are famous or not.

A new poll for the Democrats is coming in awful. An AP poll reveals 8 out of 10 Democrats say the country is “headed in the wrong direction.” That’s 8 out of 10 DEMOCRATS. Let that sink in. Couple that with another story from the AP that reports new data showing 1 million Democrats have left the party to register with the GOP. It looks like the Democrats cannot win without massive cheating or a war that shuts down the election process this fall. It’s going to be a rough ride. Buckle up.

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George Webb races through Europe. He’s confusing at times.

Kissinger’s Gas Crisis -And Pipeline- (George Webb)

Five years ago, I speculated about seven laptops in the Senate Sergeant of Arms office – six laptops running covert actions in Libya, Syria, Tunisia, Egypt, Sudan, and Yemen and a seventh laptop used for the Iran Nuclear Deal. I believe the “Iran Nuclear Deal” laptop is still in use today. I based this speculation on a Senate Sergeant of Arms Blackberry I was left by a long-time Biden advisor who said the encrypted Blackberrys were given to the US Senate by the US State Department to negotiate secret energy deals like the Iran Nuclear Deal. Each country’s “deal” had separate participants, so I speculated there would be a separate laptop for each country’s covert action participants. Very similar to the Iran Nuclear Deal was the East Med Pipeline deal involving the US, Israel, Turkey, Greece, Syria, Lebanon, and Israel, which I called the “Southern Route” in 2017.

The “Southern Route” was being negotiated by Eric Braveman, his “husband”, Neil Brown, Avi Braverman of Israel, and one Ukrainian Billionaire named Igor Kolomoisky with lots of Cyrus bank accounts. So with all these US Senate Sergeant of Arms laptops running these top-secret negotiations, imagine my surprise when at least six of these laptops were stolen from the US Senate Sergeant of Arms office on January 6th, 2021. The “angry mob” took selfies in the US Senate Rotunda but still found time to break into the US Senate Sergeant of Arms office and steal six critical laptops. I had followed the story of the seven laptops for the seven Top Secret plans slipping through the fingers of CIA chief David Petraeus to his girlfriend, Paula Broadwell.

Petraeus somehow left seven folders with Top Secret information for overthrow operations in African and the Middle East on his desk – “Zero Footprint” for Libya and “Timber Sycamore” for Syria, for instance. I had been looking for the Blackberrys servers on Capitol Hill since I began my video series in 2016. because I knew Hillary Clinton and CIA Director David Petraeus communicated with encrypted Blackberry devices. Imagine my surprise again a few days ago when I found that Michael Stenger, the Senate Sergeant of Arms during January 6th, 2021 Capitol break-in, was suddenly dead, just before a special hearing was called on the House inquiry into the January 6th events. The timing of this death seem to correspond to getting funding at the G7 meeting of the top seven nations of the world to underwrite the East Med pipeline.

The plan appears to be 1) Have Kolomoisky provoke Russia with a series of Azov Battalian raids in the Donbas, 2) Have Russia occupy the Donbas in response, 3) Get emergency funding from the G7 to build the East Med Pipeline on behalf of the Genie Energy oil and gas energy consortium that I had been reporting on since 2016. Since some of Kolomoisky’s henchman were seen on Capitol Hill on January 6th, I supposed early on during my broadcasts of January 6th that the Ukrainians were at least going for their own “overthrow server” and for the East Med Pipeline laptop.

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” Infuriating does not adequately describe my sentiments toward these intentional liars.”

Wall Street Advocates Begin Admitting Demand Side Economy is in Free Fall (CTH)

At the exact moment that U.S. inflation began spiking in housing, energy, fuel and food, consumer demand for non-essential purchases, durable goods, started dropping. This is a natural outcome that mirrors your own experience in checkbook economics. When food, fuel and energy cost you more, you stop buying stuff and start prioritizing. Following the path of the “build back better” agenda, the U.S. version called “Green New Deal,” meant the Biden administration had to continue denying that any demand side contraction was taking place. However, it is clear from the indexes under the control of purchasing managers that orders for factory goods have been dropping.


The same is true on the services side of the PMI. Demand for services are being prioritized, and demand for non-essential services are dropping. The U.S. economy is contracting. Denial abounds. Infuriating does not adequately describe my sentiments toward these intentional liars. We are in an abusive relationship with all levels of government and their media spokespeople. Independent and honest journalism, the sharing of information that can empower people to intercede events with political liars, is quite literally the only thing that might save us from the catastrophic consequences of all this pretending. Knowledge is power, and we need to build our arsenal with an urgency unlike any before in our lifetime.

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“This is old school racketeering, and it is no different than the mob in the 1920’s. This is old school racketeering for personal gain and profit at the expense of human lives.”

700 Million Worldwide Will Die from CV19 Vax by 2028 – Dr. David Martin (USAW)

Dr. David Martin has a deep medical science and investment resume. Dr Martin also runs a company (M·CAM International) that finances cutting edge innovation worldwide. He is also one of the key people seeking justice in lawsuits suing medical companies and the federal government involved in delivering the so-called vaccines for CV19. In simple terms, according to Dr. Martin, the CV19 vaccines are “bioweapons.” Big Pharma and the government knew it and also knew it would cause massive deaths and permanent injuries. Dr. Martin says, “It’s going to get much worse. . . . It is not a Corona virus vaccine. It is a spike protein instruction to make the human body produce a toxin. . . . The fact of the matter is the injections are an act of bioweapons and bioterrorism. They are not a public health measure. The facts are very simple. This was premeditated. . . . This was a campaign of domestic terror to get the public to accept the universal vaccine platform using a known biological weapon. That is their own words and not my interpretation.”

How many will die from the CV19 bioweapons? Dr. Martin says, “By their own estimate, they are looking for 700 million people globally, and that would put the U.S. participation in that of the injected population as 75 million to 100 million people. . . . There are a lot of reasons why they hope it will be between now and 2028 because there is this tiny little glitch of the illiquidity of the Social Security, Medicare and Medicaid programs. So, the fewer recipients of Social Security, Medicare and Medicaid, the better. Not surprisingly, the recommendation was people over the age of 65 were the first ones to get injected.”

Dr. Martin thinks the catastrophic effects of the CV19 injections will hit the medical industry soon. Dr. Martin explains, “The dirty secret is . . . there are a lot of pilots having micro vascular and clotting problems, and that keeps them out of the cockpit, which is a good place to not have them if they are going to throw a clot for a stroke or a heart attack. The problem is we are going to see that exact same phenomenon in the healthcare industry and at a much larger scale. So, we now have, along with the actual problem . . . of people getting sick and people dying, we actually have that targeting the healthcare industry writ large. Which means we are going to have nurses and doctors who are going to be among the sick and dead. That also means the sick and the dying are also not going to get care.”

Dr. Martin and his group are suing everybody from President Biden along with the FDA, CDC, Pfizer, Moderna and many others over the deaths and injuries from the CV19 bioweapons fraudulently passed off as “vaccines.” The next big court case is July 6, 2022, in federal court in Utah. Dr. Martin contends “this is far worse” than the Nuremberg trials of Nazis after WWII and adds, “This is organized crime. . . . They have hidden behind the immunity shield that absolves them of product liability by naming the delivery of a bioweapon–a vaccination program. . . . This is actually a criminal act. This is an act of domestic terror, and it is an anti-trust violation. This is racketeering. This is old school racketeering, and it is no different than the mob in the 1920’s. This is old school racketeering for personal gain and profit at the expense of human lives. You need to call it what it is, and it’s organized crime. I would say the Nazis were better than the people who are doing this. . . . The real question is why did American citizens develop a weapon to kill Americans and get paid to do it? That is a morally outrageous question, and, unfortunately, almost no one is asking it.”

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…. for many state employees

Washington State Governor Makes Covid Vaccines A Permanent Requirement (JTN)

Washington state Gov. Jay Inslee has issued a directive making COVID-19 vaccines a permanent condition of employment for state workers in executive and small cabinet agencies, including boosters. The new vaccination standards for state employees are, according to the directive, meant to head off any possibility of going back to more severe actions implemented during the height of the pandemic, including stay-at-home orders and the closure of schools and businesses. “Widespread vaccination is also the primary means we have as a state to protect our health care system and to avoid the return of stringent public health measures,” the directive states.

All new state employees are required to be vaccinated with the most up-to-date vaccines, including any additional doses or boosters as recommended by the federal Centers for Disease Control and Prevention. Current exempt state employees – executive or professional workers paid a salary rather than by the hour – are required to be fully vaccinated as of July 1, 2023. The directive calls for the State Human Resources Division of the Office of Financial Management to take steps necessary to continue the requirement that state employees not represented by a union be fully vaccinated, including that they have the most up-to-date vaccinations by July 1, 2023.

[..] Elizabeth Hovde, director of the Center for Health Care and Center for Worker Rights at the free market Washington Policy Center, indicated she didn’t understand where Inslee is coming from with this new directive. “COVID-19 is serious, but it is no longer a public-health crisis,” she told The Center Square in an email. “It has become like other viruses that we have to deal with in a reasonable and voluntary way. This is not reasonable or appropriate. And it doesn’t serve the public or the state workforce.” According to the state Department of Health’s COVID-19 Data Dashboard, there are 228 COVID-19 cases per 100,000 people, and 10% of hospital beds are occupied by COVID-19 patients.

“People of working ages – and they are who this would apply to – have never been the ones dying from COVID-19 in a way that depletes hospital resources or state workforces,” Hovde continued. “Staffing shortages in the public sector and among health care workers are exacerbated by the governor’s vaccine mandate, on the other hand. “From ferries and highway workers to hospitals and first responders, Inslee’s vaccine mandate has ruined careers and family finances, and it has decreased expected service levels, for no demonstrable health benefit.

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By Kevin McCarthy, Jim Jordan and James Comer. Kevin McCarthy is House Republican leader, Jim Jordan is House Judiciary ranking member, and James Comer is House Oversight ranking member.

We’ll Investigate Bidens’ Shady Business Dealings (NYP)

We’ve pursued these threads despite Democrats’ refusal to cooperate. We’ve made almost 100 requests for information relating to Biden family schemes. Many, including every request made to the Biden administration, have been ignored. But with the help of witnesses who have documentation of their dealings with the Biden family, some answers are becoming clear. First, Joe Biden’s family members profited in foreign regions where he had influence as vice president. Hunter Biden sat on the board of a Ukrainian company in an industry in which he had no experience. His only qualification was that his father ran point on US Ukraine policy. Second, Bidens have used their connections with Joe to promise access to the highest levels of government.

While Joe was vice president, Hunter promised Mexican business partners access to his father, and Joe Biden obliged by hosting them at the vice-presidential residence and the White House. Third, these practices continued during Joe Biden’s four-year government hiatus. In 2018, in the 2020 campaign’s run-up, Hunter Biden boasted privately, “If I say it’s important to me, then he [Joe] will work a way in which to make it a part of his platform.” Biden family members increasingly targeted foreign ventures, including multiple deals with the Chinese Communist Party. Fourth, Bidens were paid hundreds of thousands — if not millions — despite performing no discernible work.

Joe’s brother James boasted to foreign and domestic business partners that Joe would become president and they would reap the rewards in profits and US government endorsements. American banks flagged questionable transactions involving James and Hunter Biden and filed more than 150 Suspicious Activity Reports with the Treasury Department. Finally, contrary to Joe Biden’s statement that he never spoke to Hunter about his foreign business dealings, associates state that he was fully aware of his family’s business dealings and influence peddling. There is evidence of a direct sum of money set aside for “the Big Guy” — who witnesses have identified as Joe Biden — from foreign nationals. This raises significant questions about our national security and the role foreign nationals were allowed to play when he was vice president.

We have uncovered some answers, but many questions remain. In November, the American people will decide whether they accept being told what information they are allowed to know by a colluding media, including who is making policy decisions for this country and for whose interests. A Republican majority will be committed to uncovering the facts the Democrats, Big Tech and the legacy media have suppressed.

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“Thomas first encountered the work of Malcolm X while pursuing his undergraduate degree. He had a poster of the man in his dorm room.”

On Clarence Thomas, White Liberals and Racial Politics (Musa al-Gharbi)

Many assume that Thomas’ rulings flow out of a commitment to conservative orthodoxy, fervent Christianity, or partisan politics. The truth is much more interesting than that, albeit perhaps more unsettling. Thomas’ alignment with the Republican Party seems to be driven first and foremost by a deep mistrust of white liberals, the institutions they control, and the policies they try to advance in the name of ‘social justice.’ This mistrust was widely shared among black activists of his generation. Malcolm X, for instance, famously declared:

“In this deceitful American game of power politics, the Negros (i.e. the race problem, the integration and civil rights issues) are nothing but tools, used by one group of whites called Liberals against another group of whites called Conservatives, either to get into power or to remain in power… the white liberal differs from the white conservative only in one way: the liberal is more deceitful than the conservative. The liberal is more hypocritical than the conservative. Both want power, but the white liberal is the one who has perfected the art of posing as the Negro’s friend and benefactor; and by winning the friendship, allegiance, and support of the Negro, the white liberal is able to use the Negro as a pawn or a tool in this political ‘football game’ that is constantly raging between white liberals and white conservatives. Politically the American Negro is nothing but a football.”

Thomas first encountered the work of Malcolm X while pursuing his undergraduate degree. He had a poster of the man in his dorm room. He memorized many of Malcom’s speeches by heart and continues to evoke him frequently to this day. But it wasn’t just Malcolm who was skeptical of white liberals. Not by a longshot. In 1966, for instance, the influential Student Nonviolent Coordinating Committee (SNCC) issued a position paper arguing: “More and more we see black people in this country being used as a tool of the white liberal establishment. Liberal whites have not begun to address themselves to the real problem of black people in this country… previous solutions to black problems in this country have been made in the interests of those whites dealing with these problems and not in the best interests of black people in the country. Whites can only subvert our true search and struggles for self-determination, self-identification, and liberation in this country.”

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Now take on the CDC and FDA.

The EPA’s Loss Is A Win For Democracy (Darwall)

Thursday’s decision by the Supreme Court that the Clean Air Act does not give the Environmental Protection Agency (EPA) authority to proceed with President Obama’s Clean Power Plan is much more significant than the narrow grounds on which it was decided. The Clean Power Plan was already dead. It had been repealed and replaced by the Trump administration, decisions that were later struck down by a court of appeals. Moreover, there is history between the EPA and the Supreme Court. In 2014, the Court ruled against the EPA’s rewriting of the Clean Air Act to facilitate its use as a tool of climate policy, which was already seen as “poor and probably unworkable” by officials in the Obama administration.

“We expect Congress to speak clearly if it wishes to assign to an agency decisions of vast ‘economic and political significance,’” Justice Antonin Scalia famously wrote. The Court also ruled that the agency had acted unreasonably with its mercury emissions rules, though the EPA boasted that despite this decision, investments meant that most power plants were already well on the way to compliance. Perhaps that attitude was a factor in the Supreme Court’s shock decision in February 2016 to stay the Clean Power Plan to prevent a repeat of the EPA’s workaround. As Justice Elena Kagan, writing for the court’s liberal minority, put it, “This Court has obstructed EPA’s effort from the beginning.” Formally, the Court’s decision revolves around rival interpretations of Section 111 (d) of the Clean Air Act and what Congress meant by “best system of emission reduction.”

Around 20 pages of Chief Justice John Roberts’s 31-page opinion for the court is taken up analyzing what he calls this “previously little-used backwater.” By “system,” did Congress mean a system modifying an existing plant’s emission performance? Or can “system” refer to the whole electrical grid or even a cap-and-trade scheme, as Kagan contends? Kagan’s brisk arguments demonstrate how a differently composed Court would have decided the matter. Important as these rival arguments might be, they function as kabuki theater for the underlying disagreement between the justices on the role and legitimacy of the administrative state. Although Roberts refers only once to the administrative state, it is never far from the surface. But the battle lines are made explicit in Neil Gorsuch’s concurrence and in the Kagan dissent.

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They hope Trump will win.

CNN Suffers Biggest Ratings Dip In 7 Years: Viewers Plummet 13% In June (DM)

CNN’s ratings continue to slip in primetime to their lowest numbers in seven years, despite a public about face on sensationalism and opinion shows under new boss Chris Licht. The network, promised by Licht to ‘go a different way’ during a time ‘where extremes are dominating cable news’, appear to still be in the tank even during a month that saw the blockbuster January 6 hearings. Despite the hearings, which drew tens of millions of viewers across multiple networks, CNN had fewer viewers in June than it did in May, which continued a months-long downward slope for the network since the invasion of Ukraine lifted them in March. While the three major cable news outlets – CNN, Fox News and MSNBC – have all seem some declines since former President Trump left office, the numbers for CNN continue to disintegrate at an alarming rate.


CNN, which moved under Warner Discovery leadership in April, drew an average of just 654,000 viewers in primetime in June and 487,000 for one entire newsday, down one and three percent respectively. During the committee hearings week of June 13-19, the network averaged just 480,000 viewers, the network’s worst ratings week since November 2015 and down 13 percent from those May averages. Overall, June 2022 was the lowest-rated month for 24-hour viewership on CNN since July 2015, according to The Daily Beast. By contrast, MSNBC – which had the highest ratings for the hearings on cable – averaged 1.28 million viewers in primetime, up 26 percent from May. Fox News also had a better second quarter than they did in 2021.

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DeSantis mRNA

 

 

 

 

Canada Day
https://twitter.com/i/status/1543429525861711874

 

 

 

 

https://twitter.com/i/status/1543170144595283968

 

 

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

 

 

 

May 032021
 
 May 3, 2021  Posted by at 8:35 am Finance Tagged with: , , , , , ,  45 Responses »


The marine and the kitten, Korean War, 1952

 

100 Million Americans Now Fully Vaccinated—But The Pandemic Might Continue (F.)
Decline In US Covid Vaccinations:, But How To Shrink Operations? (G.)
There Are THREE Studies; All Showing Serious Harms (Denninger)
Covid-19: Discrepancy Between ‘Cases’ And ‘Illness’ (P&L)
Factories Around The World Stand Ready To Manufacture Covid-19 Vaccines (IC)
Fake Covid-19 Vaccination Record Cards Are A Growing Problem, Says FBI (F.)
Powerful Teachers Union Influenced CDC On School Reopenings (NYP)
This Inflation Will Play Out Differently From Anything Before It (Peters)
NYT, Wapo, NBC Retract Reports About Giuliani’s Contact With FBI (Hill)
Court: EPA Delay “Exposed A Generation Of US Children” To Chlorpyrifos (IC)

 

 

The vaccination rollout is becoming tiresome, because it breaks too many laws to keep track of. There’s the Nuremberg code, and the Helsinki Declaration, and Unesco’s Universal Declaration on Bioethics and Human Rights. They all say the same thing: people can not be coerced, let alone mandated, into being part of a medical experiment. It’s highly illegal. Yet that is what’s happening with the so-called vaccines. And no, it’s not about the level of risk involved, it’s simply illegal. These codes and declarations were written to counter the acts of totalitarian regimes, remember that.

People can not be threatened with restrictions of any kind involving travel, or work, or anything else, if they don’t comply. They must be informed fully about the dangers inherent in the experiment, and only then perhaps agree to participate in the experiment. It’s called informed consent. Which of course precludes the participation of children in such an experiment, because they can’t be expected to fully understand the information offered, even if it is offered. But we are still talking about vaccinating children. It’s astonishing.

“The Nuremberg Code requires an individual’s informed consent before receiving experimental medical interventions. And that principle is in the 1964 Helsinki Declaration, which has been codified at Federal and State level in the USA [and many other countries].”

 

 

I agree with Nancy
https://twitter.com/i/status/1388639742674227201

 

 

Gottlieb kids vaccinations

 

 

Leigh Dundas: How an attorney stopped children being vaccinated

 

 

 

How many of the 100 million were jabbed after giving their informed consent?

100 Million Americans Now Fully Vaccinated—But The Pandemic Might Continue (F.)

More than 100 million Americans have now been fully vaccinated against Covid-19, according to the CDC—a major milestone for the U.S. that comes well ahead of schedule—but a sudden dropoff in the vaccination rate could mean a large number of people may not ever get the vaccination, making it impossible to eradicate the virus. Around 55% of U.S. adults have now received at least one shot, meaning the number of fully vaccinated will continue to steadily rise as second doses are administered. After an initial rush for shots, vaccine demand has waned—even though all U.S. adults are now eligible to receive a Covid vaccine. The 7-day rolling average for shots administered in the U.S. has dropped below 2.5 million, according to the CDC—down significantly from a high of more than 3.2 million on April 11.

47.7%. That’s the percentage of Americans who are still unvaccinated that said they’re likely to get a shot, according to the latest Household Pulse Survey from the Census Bureau. States and localities are moving ahead with easing restrictions and lifting mask mandates, despite warnings from federal health officials that it is far too early to do so. Officials like Dr. Anthony Fauci have especially emphasized mask wearing and social distancing need to continue while indoors, as contagious new variants keep spreading. President Joe Biden initially set a goal of having 100 million shots in Americans’ arms by his 100th day in office, but the U.S. blew by that mark—more than doubling it.

Over 237 million shots have now been administered, with “fully vaccinated” being defined as two weeks after someone receives a second dose of either Pfizer or Moderna or the single-dose of the Johnson & Johnson vaccine. With around 30% of the population fully vaccinated, the U.S. is ahead of most other major countries in terms of vaccinations, such as the U.K. (21% fully vaccinated) and France (10% fully vaccinated). Only a handful of countries are ahead, like Israel (56%) and Chile (34%). But health experts have repeatedly emphasized widespread vaccinations are the only way to end the pandemic because it will create a level of herd immunity that will end Covid’s ability to spread widely.

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“Reaching the final percentage of herd immunity,” believed to be at least 70% of all adults, “is going to be dependent on outreach and addressing any vaccine hesitancy..”

Decline In US Covid Vaccinations:, But How To Shrink Operations? (G.)

A decline in daily Covid-19 vaccination rates has left US public health authorities with a new problem – how to effectively shrink operations. In the campaign to immunize all American adults against the coronavirus, most of the difficulties to date have involved overwhelming demand and restricted supply. Now, with less than one-third of Americans fully vaccinated, local public health authorities described a sense of whiplash as they pivot from mass vaccination clinics to outreach campaigns, all within a couple of weeks. “We knew that when folks became eligible the vaccine-ready folks, or eager, [would] come out right away,” said Mary Jo Brogna, director of nursing at Harbor Health Services, which runs a community clinic in Cape Cod, Massachusetts.

“Reaching the final percentage of herd immunity,” believed to be at least 70% of all adults, “is going to be dependent on outreach and addressing any vaccine hesitancy,” said Brogna. For most of 2021, the story of the vaccine campaign has been overwhelming demand. Emergency authorities took over stadiums, big-box stores and community centers staffed with dozens of nurses and volunteers to inoculate thousands of people per day. But in the last two weeks daily vaccination rates in the US have peaked and declined from a high of 3.2m daily vaccine administrations per day to 2.5m. Now, health authorities nationally are experiencing what red states such as Mississippi and Wyoming began to see early signs of – a major slowdown.

“Across the country we started out with mass clinics and those mass clinics worked very well for the older individuals,” said Gary Edwards, executive director of the Salt Lake County health department in Utah. However, he said, “we’ve reached a point, and it’s been very interesting how quick that happened, that the mass-clinic model is not reaching the segment of the population we’re trying to reach,” said Edwards. The phenomenon is repeated across the country. Local authorities in Los Angeles, California; Colorado; Florida; Nevada and Texas are poised to close mass vaccination sites by the end of May.

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”That wild reaction your body mounts when you get said shot is “your immune system” all right — it is trying to fight off the intentionally introduced harm you foolishly took.”

There Are THREE Studies; All Showing Serious Harms (Denninger)

As it turns out there is not just one study, or even two documenting that the “S” (spike) protein from Covid causes damage. There are now at least three with one dating back in preprint to the first week of December 2020. We start our damning review of the science here, showing direct harms from the spike protein, and which from the date proves that said direct harm was known before the first shot went into the first arm and yet was not considered by the FDA nor discussed in the media. “We show here that S protein alone can damage vascular endothelial cells (ECs) in vitro and in vivo, manifested by impaired mitochondrial function, decreased ACE2 expression and eNOS activity, and increased glycolysis. The underlying mechanism involves S protein downregulation of AMPK and upregulation of MDM2, causing ACE2 destabilization. Thus, the S protein-exerted vascular endothelial damage via ACE2 downregulation overrides the decreased virus infectivity.”

Endothelial cells line every single blood-transporting element of the body and are essential for them. Intentionally producing them via injecting a substance into the muscle, which is highly vascularized and thus results in immediate transport through the body, is thus expected to cause serious and immediate harm. That wild reaction your body mounts when you get said shot is “your immune system” all right — it is trying to fight off the intentionally introduced harm you foolishly took. Some of this damage may be permanent and involve both the lungs and heart, along with the brain and other organs. Oh, and in case you’re wondering while endothelial cells are replaced they have a quite-long lifetime; the average is more than a year so the risk involved here does not rapidly dissipate.

Again, this was known on December 4th of 2020 or before virtually anyone had received a single shot. Not one mention of it was made in the major media nor has our criminal government at all levels, federal state and local, said one word about this paper. On March 8th this paper posted: “One of the most important pathologies, is hypercoagulation and microclots in the lungs of patients. Here we study the effect of isolated SARS-CoV-2 spike protein S1 subunit as potential inflammagen sui generis. Using scanning electron and fluorescence microscopy as well as mass spectrometry, we investigate the potential of this inflammagen to interact with platelets and fibrin(ogen) directly to cause blood hypercoagulation. Using platelet poor plasma (PPP), we show that spike protein may interfere with blood flow.”

In other words the spike protein alone causes blood clotting. Yet we still have the FDA, CDC, Fauci along with the pieces of crap at places like VUMC and myriad other locations including colleges claiming “there is no evidence of serious risk of these events from the vaccines” and some have said they’re going to mandate that college students intentionally be injected with a substance that causes blood clotting in the lungs and elsewhere — now conclusively demonstrated by scientific study. In other words to attend their event or institution you must risk serious and permanent injury or DEATH by a known-dangerous injection despite the fact that for most young people, and in fact most healthy people, Covid-19 never becomes a systemic infection at all.

We know this because on March 6th a study published showing that of professional athletes who had confirmed Covid-19 and recovered: “Findings In this cross-sectional study of RTP cardiac testing performed on 789 professional athletes with COVID-19 infection, imaging evidence of inflammatory heart disease that resulted in restriction from play was identified in 5 athletes (0.6%). No adverse cardiac events occurred in the athletes who underwent cardiac screening and resumed professional sport participation. In other words by natural infection among healthy people it is very rare for there to be systemic involvement. But among those who take said shots 100% of them have systemic involvement intentionally because unlike an infection that starts in the upper respiratory tract an injection deliberately and systemically involves the entire body.

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“I’ve still yet to see any better evidence that the (vast) majority of ‘cases’ (i.e. positive PCR test results) since the summer of 2020 have been false positives.”

Covid-19: Discrepancy Between ‘Cases’ And ‘Illness’ (P&L)

It’s been a while since we last highlighted the difference between Covid-19 ‘case’ numbers (and by extension this means also hospitalisation numbers and death numbers) and actual Covid-19 illness. The NHS pathways coronavirus triages website (see https://digital.nhs.uk/dashboards/nhs-pathways) provides an accurate representation of actual illness due to Covid-19 as it combines all 999, 111, online and ambulance calls relating to Covid-19 triages. Previous articles make clear what the caveats are. The triage data confirms the real pandemic of spring 2020. I’ve still yet to see any better evidence that the (vast) majority of ‘cases’ (i.e. positive PCR test results) since the summer of 2020 have been false positives.

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But Pfizer’s bottom line!

Factories Around The World Stand Ready To Manufacture Covid-19 Vaccines (IC)

The Drug Industry has strenuously argued that any legal proposal to allow the sharing of intellectual property and creation of generic coronavirus vaccines is pointless because there are no facilities around the world that can be tapped. Thomas Cueni, the president of the International Federation of Pharmaceutical Manufacturers and Associations, said that sharing IP “wouldn’t give us the tools to produce more doses of vaccines.” Bill Gates, the billionaire philanthropist whose foundations help manage the United States and Europe’s primary Covid-19 outreach efforts to the developing world, known as Covax, was even more blunt. “It’s not like there’s some idle vaccine factory, with regulatory approval, that makes magically safe vaccines,” Gates said last weekend by way of explaining to Sky News why he thought the recipe for making coronavirus vaccine should not be shared.

Except it is exactly like that. Factory owners around the globe, from Bangladesh to Canada, have said they stand ready to retrofit facilities and move forward with vaccine production if given the chance. “We have this production capacity and it’s not being used,” said John Fulton, a spokesperson for Biolyse Pharma, a company based in St. Catharines, Ontario, that produces injectable cancer treatments. Fulton noted that Biolyse has spent years buying equipment to produce biologics and is uniquely prepared to start getting ready to produce vaccines. The company, which Fulton said is best suited for replicating the Johnson & Johnson vaccine, could produce as many as 20 million vaccines per year, he estimated.

Abdul Muktadir, chair and managing director of Incepta, a pharmaceutical firm based in Dhaka, Bangladesh, has told reporters that his firm has the capacity to fill vials for 600 million to 800 million doses of vaccine per year. He has reportedly reached out to Moderna, Johnson & Johnson, and Novavax. “Now is the time to use every single opportunity in every single corner of the world,” Muktadir told the Washington Post. “These companies should make deals with as many countries as possible.” Other firms in South Korea and Pakistan have also reportedly expressed an interest in producing vaccines or vaccine components.

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Unintended pun by the author:

“When the FBI gets involved, you know that the words “breaking the law” or “oh bleep” may not be too far away. “

Fake Covid-19 Vaccination Record Cards Are A Growing Problem, Says FBI (F.)

“Fake it till you make it” can be very questionable advice. “Fake a Covid-19 vaccination card because you can’t make a vaccination appointment” can be even worse. As I have covered previously for Forbes, a Covid-19 Vaccination Record Card is currently the only real proof that you’ve received the Covid-19 vaccine. In order to get a real version of this cardboard paper card, you have to, you know, actually get the Covid-19 vaccine. So when schools, businesses, and other organizations want to determine who’s really been vaccinated, all they have to do is check for people’s vaccination record cards, because no one lies and cheats in our society, correct?

Well, as you’ve probably seen, for every rule, requirement, or standard, there’s no shortage of people who are willing to break it. Whether it’s resumes, college applications, Avengers membership cards, or pretty much anything else, you’ll find at least some people trying to fake it. So it shouldn’t be a surprise to hear that people have been circulating instructions and means to create fake Covid-19 Vaccination Record Cards. Kevin Collier and Ben Collins reported for NBC News that such instructions and templates have appeared on “pro-Trump forums, like TheDonald.win, which was rebranded to Patriots.Win”, “the extremist forum 4chan”, and “QAnon forums.” Joseph Cox wrote an article for Vice entitled, “I Bought a Fake Covid-19 Vaccine Card on Etsy,” because that’s essentially what he was able to do pretty easily.

The Department of Health and Human Services, Office of Inspector General (HHS-OIG) and the FBI have noticed that such cards have been “advertised on social media websites, as well as e-commerce platforms and blogs,” and issued a stern warning about them: “If you did not receive the vaccine, do not buy fake vaccine cards, do not make your own vaccine cards, and do not fill-in blank vaccination record cards with false information.” In this case, FBI stands for Federal Bureau of Investigation and not Fun Bits Interactive or Fungi, Bacteria, and Insects. When the FBI gets involved, you know that the words “breaking the law” or “oh bleep” may not be too far away.

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Politics 101.

Powerful Teachers Union Influenced CDC On School Reopenings (NYP)

The American Federation of Teachers lobbied the Centers for Disease Control and Prevention on, and even suggested language for, the federal agency’s school-reopening guidance released in February. The powerful teachers union’s full-court press preceded the federal agency putting the brakes on a full re-opening of in-person classrooms, emails between top CDC, AFT and White House officials show. The emails were obtained through a Freedom of Information Act request by the conservative watchdog group Americans for Public Trust and provided to The Post. The documents show a flurry of activity between CDC Director Dr. Rochelle Walensky, her top advisors and union officials — with Biden brass being looped in at the White House — in the days before the highly-anticipated Feb. 12 announcement on school-reopening guidelines.

“Thank you again for Friday’s rich discussion about forthcoming CDC guidance and for your openness to the suggestions made by our president, Randi Weingarten, and the AFT,” wrote AFT senior director for health issues Kelly Trautner in a Feb 1 email — which described the union as the CDC’s “thought partner.” “We were able to review a copy of the draft guidance document over the weekend and were able to provide some initial feedback to several staff this morning about possible ways to strengthen the document,” Trautner continued. “… We believe our experiences on the ground can inform and enrich thinking around what is practicable and prudent in future guidance documents.”

[..] “We are immensely grateful for your genuine desire to earn our confidence and your committment to partnership,” Trautner said in another email to Walensky on Feb 3. Emails show a call between Walensky and Weingarten — the former boss of New York City’s United Federation of Teachers — was arranged for Feb 7. The lobbying paid off. In at least two instances, language “suggestions” offered by the union were adopted nearly verbatim into the final text of the CDC document. With the CDC preparing to write that schools could provide in-person instruction regardless of community spread of the virus, Trautner argued for the inclusion of a line reading “In the event of high community-transmission results from a new variant of SARS-CoV-2, a new update of these guidelines may be necessary.” That language appeared on page 22 of the final CDC guidance.

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“..all of us will begin to increasingly wonder, whether digital assets, which have no real history, no anchors, are the first to provide a glimpse of what lays beyond the horizon.”

This Inflation Will Play Out Differently From Anything Before It (Peters)

There are more differences between the 1970s and the 2020s than there are similarities. Demographics, technology, global trade, union membership, consumption patterns, environmental stresses, geopolitics, and domestic politics are all different. There are substantial similarities too. But one thing is identical – this planet remains inhabited by humans. And we never change. We despise iniquity. When Biden entered politics in 1973, the rich/poor divide in America had halved since the late 1920s high. It has since doubled. Returning to those highs. How this inflation plays out will be different from anything that has come before it. It is always so. Naturally, some aspects will resemble the past. This inflation will inevitably be volatile, such periods of price changes typically are. And in the early stages, nearly everyone will persuade themselves that it is transitory.

In the late stages, those same people will conclude that it is permanent. Throughout the process, each of us, individually, will see what we want to see, hear what we want to hear, and believe what we want to believe. Those things are always true, perhaps now more than ever. We will also find the period ahead deeply unsettling. Change is hard to process. And more things are changing now than at any time in our lives – such is today’s utterly unprecedented pace of innovation and disruption. In such a state, it is natural to cling to our anchors:

• Our policymakers will point to the inflation metrics that they themselves have engineered in such a way to ensure stability, even if they long ago diverged from reality.
• Bond investors will look to the spreads between overnight rates and two-year bonds, five-year, ten, thirty. And despite the reality that the government has run 15% deficits for two years, funded by the Fed which simply creates the money, they will cling to the anchors that have governed the well-behaved yield curve for the course of their careers.
• Equity investors will hold tight to the relationships that anchor their value relative to bonds.
• Not a solitary investor in the mainstream will be prepared to deviate from the benchmarks to which they have anchored their careers.
]
And yet, all of us will begin to increasingly wonder, whether digital assets, which have no real history, no anchors, are the first to provide a glimpse of what lays beyond the horizon.

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They can say what they want. And so they do.

NYT, Wapo, NBC Retract Reports About Giuliani’s Contact With FBI (Hill)

The New York Times, The Washington Post and NBC News walked back their reporting about the FBI’s communication with President Trump’s personal lawyer Rudy Giuliani regarding Russia. The Washington Post was the first to report on Thursday that Giuliani was warned that he was the target of a Russian influence campaign last year. The newspaper, citing people familiar with the matter, also reported that One America News Network (OANN) was given a similar warning. But the Post issued a correction on Saturday saying it had removed assertions that Giuliani and OANN had received such warnings. “An earlier version of this story, published Thursday, incorrectly reported that One America News was warned by the FBI that it was the target of a Russian influence operation,” the correction reads.

“That version also said the FBI had provided a similar warning to Rudolph W. Giuliani, which he has since disputed. This version has been corrected to remove assertions that OAN and Giuliani received the warnings,” the paper said. A spokesperson for the Post had no additional comment when reached by CNN. The New York Times similarly reported on the FBI’s contact with Giuliani. The subject of the Times article was the FBI’s investigation into Giuliani, and it stated that the firing of former U.S. Ambassador to Ukraine Marie Yovanovitch was at the center of the probe. The Times had written that Giuliani had received a “formal warning” from the FBI about Russian disinformation. The newspaper ran a correction on Saturday saying Giuliani had not received a “so-called defensive briefing.”

“An earlier version of this article misstated whether Rudolph W. Giuliani received a formal warning from the F.B.I. about Russian disinformation. Mr. Giuliani did not receive such a so-called defensive briefing,” the newspaper said. NBC, which also reported that Giuliani received a defensive briefing about the Russian influence operation in 2019, ran a correction Saturday afternoon saying the FBI only prepared a briefing. The correction came after a source said the briefing wasn’t given because of concerns that it could complicate the investigation into Giuliani.

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“After 14 years of legal battles..!!”

Court: EPA Delay “Exposed A Generation Of US Children” To Chlorpyrifos (IC)

After 14 years of legal battles, a federal court ordered the Environmental Protection Agency to take actions that will likely force the neurotoxic pesticide chlorpyrifos off the market. The federal agency has for years been considering mounting evidence that links the pesticide to brain damage in children — including loss of IQ, learning difficulties, ADHD, and autism — but, as the court acknowledged, has repeatedly delayed taking action. “Rather than ban the pesticide or reduce the tolerances to levels that the EPA could find were reasonably certain to cause no harm, the EPA sought to evade through delay tactics its plain statutory duty,” Judge Jed S. Rakoff wrote in his decision, which was released today by the 9th Circuit Court of Appeals.

“During that time, the EPA’s egregious delay exposed a generation of American children to unsafe levels of chlorpyrifos,” he wrote, and ordered the EPA to issue a final regulation within 60 days. While Rakoff stopped short of requiring the EPA to immediately ban the pesticide, he gave the agency little choice in how to respond. “The EPA’s obligation is clear: it must modify or revoke chlorpyrifos tolerances and modify or cancel chlorpyrifos registrations,” Rakoff wrote in his ruling in the case, which was filed by Earthjustice on behalf of the League of United Latin American Citizens, the Pesticide Action Network, United Farm Workers, and other groups.

The decision marks the culmination of a prolonged and bitter legal battle over one of the most widely used and dangerous pesticides in U.S. agriculture. More than 5 million pounds of chlorpyrifos were applied to crops in 2017, according to the most recent data. Exposure to the pesticide through residue on food and drift near fields where it was applied has wreaked devastation on developing children. According to a team of researchers led by Leonardo Trasande, organophosphate pesticides, of which chlorpyrifos is the most widely used, accounted for an estimated $594 billion in societal costs, including added health care and education, between 2001 and 2016.

Read more …

 

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Jul 132019
 


Pablo Picasso Weeping woman 1937

 

Robert Mueller’s Testimony Extended, Postponed By One Week (G.)
Trump Organization Probe Likely to End With No Charges (CNN)
Nemesis Rising (Kunstler)
Epstein Accused Of Paying Witnesses $350K In Hush Money (ZH)
Wall Street Banks Bailing On Troubled US Farm Sector (R.)
Fed Rate Cut Would Ease Pressure On China’s Central Bank (CNBC)
About Half Of China’s Loans To Developing Countries Are ‘Hidden’ (CNBC)
CIA Invokes WikiLeaks in Push For Expansion Of Secrecy Law (SP)
CIA Torture Unredacted (Bureau)
US To Hold Hearing On French Tax On Big Tech (R.)
EPA Expands Use Of Pesticide Considered ‘Very Highly Toxic’ To Bees (Hill)
Meeting the last Malaysian Sumatran Rhino on Earth (Lack)

 

 

The circus comes to town one week later but with a much longer show and added attractions. This will be nuts.

Robert Mueller’s Testimony Extended, Postponed By One Week (G.)

The special counsel Robert Mueller will testify before Congress about the findings of the Russia investigation on 24 July, one week later than his appearance was originally planned, under an agreement that gives lawmakers more time to question him. Mueller had been scheduled to report on the inquiry into Russian election meddling and ties between Russia and the campaign of Donald Trump on 17 July. But lawmakers in both parties complained that the short length of the hearings would not allow enough time for all members to ask questions. Under the new arrangement, Mueller will testify for an extended period of time, three hours instead of two, before the House judiciary committee. He will then testify before the House intelligence committee in a separate hearing.

The two committees said in a statement that all members of both committees will be able to question him. In the joint statement, the panels said the longer hearing “will allow the American public to gain further insight into the special counsel’s investigation and the evidence uncovered regarding Russian interference in the 2016 presidential election and President Trump’s possible obstruction of justice and abuse of power”. Mueller has expressed his reluctance to testify and said he won’t go beyond what is in his 448-page report. But Democrats have been determined to highlight its contents for Americans who they believe have not read it. They want to extract information from the former special counsel and spotlight what they say are his most damaging findings against Trump.

Democrats are expected to ask Mueller about his conclusions, including that he could not exonerate Trump on obstruction of justice after detailing several episodes in which Trump tried to influence the investigation. Mueller also said there was not enough evidence to establish a criminal conspiracy between Trump’s presidential campaign and the Kremlin. One thing judiciary members want to focus on in questioning Mueller is whether Trump would have been charged with a crime were he not president. Mueller said at the news conference that charging a president with a crime was “not an option” because of longstanding justice department policy. But Democrats want to know more about how he made that decision and when.

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Michael Cohen couldn’t deliver.

Trump Organization Probe Likely to End With No Charges (CNN)

A federal investigation into whether Trump Organization executives violated campaign-finance laws appears to be wrapping up without charges being filed, according to people familiar with the matter. For months, federal prosecutors in New York have examined whether company officials broke the law, including in their effort to reimburse Michael Cohen for hush-money payments he made to women alleging affairs with his former boss, President Donald Trump.
In recent weeks, however, their investigation has quieted, the people familiar with the inquiry said, and prosecutors now don’t appear poised to charge any Trump Organization executives in the probe that stemmed from the case against Cohen.


In January, one month after Cohen was sentenced to three years in prison, prosecutors requested interviews with executives at the company, CNN reported. But prosecutors never followed up on their initial request, people familiar with the matter said, and the interviews never took place. Meanwhile, there has been no contact between the Manhattan US Attorney’s office and officials at the Trump Organization in more than five months, one person familiar with the matter said.

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“..the obliteration of moral and ethical boundaries by the people who ended up running things in this fretful moment of US history.”

Nemesis Rising (Kunstler)

Where are Clintons, these dog days of summer? The Hamptons? Salty, sunny Martha’s Vineyard? Under a rock somewhere in the Chappaqua woods? Fate is turning in more than one uncomfortable way for the once-charmed couple of Boomerdom. There is, of course, the freshly re-issued Jeffrey Epstein underage sex scandal, come ‘round again with a vengeance this time because there are fewer Clinton partisans left in the Department of Justice where the matter has festered for decades like a fistula slowly seeping its rot through the body politic. The vengeance emanates from the Clinton’s nemesis, the uppity Golden Golem of Greatness who dared to “steal” Hillary’s place in the Oval Office (and history).

To put it plainly, Mr. Trump had enough of the two-year-plus persecution he endured from the Clinton-inspired Mueller investigation into the Clinton-propagated Russia Collusion flim-flam. And having patiently survived this audacious, seditious effrontery, is now out to squash the Clintons like a pair of palmetto bugs. [..] And now there is the Epstein matter, which threatens not only former president Bill Clinton, but a cosmos of political, financial, and entertainment “stars” in countless ugly incidents that involve a kind of personal corruption that has no political context but says an awful lot about the obliteration of moral and ethical boundaries by the people who ended up running things in this fretful moment of US history. President Clinton has already kicked off this debacle by lying to the media about the number of rides he took on Mr. Epstein’s notorious airplane.

I voted for Bill Clinton twice. When they came up from the backwater of Little Rock, Arkansas, in 1992, they seemed like the fresh, bright antidote to twelve years of fusty Reaganism with the GHW Bush moldy cherry-on-top. Governor Bill, so glib and charming. Tall and catnip to the ladies, too! And almost immediately he was in deep shit over that part of his act, but he wiggled through it all with the aid of his perky, stalwart wife and partner, who defended him sedulously on nationwide TV. (America had never even heard about her misadventures on the Watergate Committee, where, age 27, she gained a reputation for being less than honest.) And that was followed by the first instance of Hillary moneygrubbing when she turned a few thousand bucks into a six-figure bonanza almost overnight in a wired commodities trade.

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There is so much ugliness still hidden in this. Will we ever know?

Epstein Accused Of Paying Witnesses $350K In Hush Money (ZH)

Federal prosecutors allege in a new court filing that Jeffrey Epstein may have engaged in witness tampering by paying off two potential witnesses days before the Miami Herald began publishing a series of explosive exposés about the registered sex offender and his victims. According to financial records, Epstein wired $350,000 to two ‘possible co-conspirators’ who could testify against him. $100,000 was wired from “Institution-1” to one person, while just three days later $250,000 was wired to another individual. Neither of the payments appear to be recurring based on five years of bank records. Is one of the co-conspirators Ghislaine Maxwell? The daughter of a British media barron, Maxwell was described by one Epstein accuser in a 2017 lawsuit as “the highest ranking employee” of his alleged enterprise, in which she was said to have managed both Epstein’s household and his sex life.

Via the Wall Street Journal: “Ghislaine Maxwell, daughter of a British media baron, was a fixture for years in Manhattan’s social scene, often written about in tabloids for her close ties to British royalty and to a mysterious financier named Jeffrey Epstein. But Mr. Epstein’s arrest last week on sex-trafficking charges has brought renewed attention to her alleged role as one of his top aides. Ms. Maxwell, 57 years old, has been accused by three women in affidavits and other court filings of recruiting young women for Mr. Epstein and training them for sex. Two of the women have alleged that Ms. Maxwell, together with Mr. Epstein, sexually assaulted them, according to the filings.

What’s more, “Juan Alessi, who said in one of the depositions that he served as the Palm Beach house manager from around 1992 through 2002, described a basket of sex toys in Ms. Maxwell’s bathroom closet. He said he would find them around when he cleaned up after visits from the young women,” according to the Journal.

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Only Big Ag deals with Wall Street.

Wall Street Banks Bailing On Troubled US Farm Sector (R.)

In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector. The nation’s largest bank found enticing new opportunities in the rural Midwest – lending to U.S. farmers who had plenty of income and collateral as prices for grain and farmland surged. JPMorgan grew its farm-loan portfolio by 76 percent, to $1.1 billion, between 2008 and 2015, according to year-end figures, as other Wall Street players piled into the sector. Total U.S. farm debt is on track to rise to $427 billion this year, up from an inflation-adjusted $317 billion a decade earlier and approaching levels seen in the 1980s farm crisis, according to the U.S. Department of Agriculture.


But now – after years of falling farm income and an intensifying U.S.-China trade war – JPMorgan and other Wall Street banks are heading for the exits, according to a Reuters analysis of the farm-loan holdings they reported to the Federal Deposit Insurance Corporation (FDIC). The agricultural loan portfolios of the nation’s top 30 banks fell by $3.9 billion, to $18.3 billion, between their peak in December 2015 and March 2019, the analysis showed. That’s a 17.5% decline.

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I meant to do that?!

Fed Rate Cut Would Ease Pressure On China’s Central Bank (CNBC)

A widely expected interest rate cut by the U.S. Federal Reserve would give China more breathing room in shoring up its slowing economy, some analysts said. Overnight, markets took Fed Chairman Jerome Powell’s comments during the first of a two-day Congressional testimony as affirming expectations for easier monetary policy in the U.S. The S&P 500 briefly topped 3,000 for the first time, and Treasury yields edged lower. A looser monetary policy environment would reduce pressure on China’s central bank to ease monetary policy. Amid trade tensions with the U.S., China’s economy has struggled to gain momentum.


Private surveys released last week by Caixin showed services activity fell in June to its lowest since February, and the manufacturing sector contracted, after three months of expansion. Among several measures to support the economy over the last several months, the People’s Bank of China (PBoC) has made targeted attempts to lower financing costs to privately run enterprises, which account for the majority of the country’s economic growth and employment. “If the Fed does go ahead and cut rates, which I don’t think is a given … it simply means the PBoC has a little breathing room to see if the policies it has implemented have an impact on the real economy,” Hannah Anderson, global market strategist at J.P. Morgan Asset Management, told CNBC on Thursday by phone.

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“Between 2000 and 2017, other countries’ debt owed to China soared ten-fold, from less than $500 billion to more than $5 trillion..”

“..debt has increased on average from less than 1% of their GDP in 2015, to more than 15% in 2017..”

About Half Of China’s Loans To Developing Countries Are ‘Hidden’ (CNBC)

China’s lending to other countries has surged in the past decade, causing debt levels to jump dramatically, and as much as half of such debt to developing economies is “hidden,” a new study has found. Such “hidden” debt means that the borrowing isn’t reported to or recorded by official institutions such as the IMF, the World Bank, or the Paris Club — a group of creditor nations. Between 2000 and 2017, other countries’ debt owed to China soared ten-fold, from less than $500 billion to more than $5 trillion — or from 1% of global economic output to more than 5%, according to the study from Germany-based think tank the Kiel Institute for the World Economy. “This has transformed China into the largest official creditor, easily surpassing the IMF or the World Bank,” the report’s researchers said.


The study, which looked at nearly 2,000 Chinese loans to 152 countries from 1949 to 2017, was undertaken by well-known debt expert Carmen Reinhart from Harvard University, as well as Kiel Institute’s Christoph Trebesch and Sebastian Horn. For 50 developing countries which have borrowed from China, that debt has increased on average from less than 1% of their GDP in 2015, to more than 15% in 2017, according to estimates by the study’s researchers. “Advanced and higher middle income countries tend to receive portfolio debt flows, via sovereign bond purchases of the People’s Bank of China, ” the report said. “As a result, many advanced countries have become highly indebted towards the Chinese government.”

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There’s Adam Schiff for you in all his glory. Watch for him in the Mueller hearings too.

CIA Invokes WikiLeaks in Push For Expansion Of Secrecy Law (SP)

When the CIA and other agencies in the United States government pushed for the Intelligence Identities Protection Act (IIPA) in 1981, it was crafted to exclude “covert agents” who resided in the U.S. There was consideration by the House Permanent Select Committee on Intelligence of how the legislation might “chill or stifle public criticism of intelligence activities or public debate concerning intelligence policy.” More than three decades later, the CIA is apparently unsatisfied with the protections the bill granted “covert agents. It has enlisted a select group of senators and representatives to help expand the universe of individuals who are protected, making members of the press who cover intelligence matters more vulnerable to prosecution.

Democratic Representative Adam Schiff, chairman of the House intelligence committee, was involved in adding language to expand the IIPA to the Intelligence Authorization Act moving through Congress. “Schiff is once again putting the interests of the intelligence agencies in concealing their misdeeds ahead of protecting the rights of ordinary Americans by criminalizing routine reporting by the press on national security issues and undermining congressional oversight in his Intelligence Authorization bill,” declared Daniel Schuman, who is the policy director for Demand Progress. Schuman added, “Schiff’s expansion of the Intelligence Identities Protection Act beyond all reason will effectively muzzle reporting on torture, mass surveillance, and other crimes against the American people—all at the request of the CIA. Schiff is clearly the resistance to the resistance, and he should drop this provision from his bill.”

The CIA put their specific request for what language they would like amended in writing and sent it to the Senate Select Committee on Intelligence. Their request was essentially copied and pasted, with no changes, into the intelligence bill. “Undercover agency officers face ever-evolving threats, including cyber threats,” the CIA argued. “Particularly with the lengths organizations such as WikiLeaks are willing to go to obtain and release sensitive national security information, as well as incidents related to past agency programs, such as the RDI investigation [CIA torture report], the original congressional reasoning mentioned above for a narrow definition of ‘covert agent’ no longer remains valid.”

“This proposal would provide protection for all undercover agency officers by allowing for the prosecution of individuals responsible for disclosing the identities of those officers, regardless whether the undercover officer serves inside or outside of the United States,” the agency additionally stated. Schiff supports the prosecution of WikiLeaks founder Julian Assange and shares the CIA’s view that WikiLeaks is a “non-state hostile intelligence service,” not a media organization. In 2018, when Assange was willing to speak with investigators about the Russia probe, he replied, “Our committee would be willing to interview Julian Assange when he is in U.S. custody, not before.”

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Do I want to read this report?

CIA Torture Unredacted (Bureau)

In December 2014, the Bureau, alongside The Rendition Project, began a major project to trace the history of the RDI programme. The impetus for our investigation came from the long-awaited publication of a report into CIA torture by the US Senate Select Intelligence Committee. The authors of this report had high-level access to internal CIA documents, which they mined to produce a damning assessment of the torture programme’s brutality, mismanagement and ineffectiveness. But they were compelled by the Obama administration, and by the CIA itself, to censor — “redact” — all parts of the report that could identify specific times and places where abuses had occurred.

This is important, because without being able to tie illegal activities to specific times and places, the quest for redress is hamstrung, and meaningful accountability — legal, public, historical — remains a mirage. The Senate report did offer a crucial insight, however: the first complete list of prisoners held in the CIA’s black sites. 119 names, each with a date of custody (redacted) and a record of how many days they were held (also partly redacted). In the days after the publication of the Senate report, we set to work reconstructing this list to reveal the hidden dates. Figuring out a date often meant that we could match it to a flight record; matching to a flight record meant that we could determine where a prisoner was brought from or sent to.

As we cross-correlated thousands of data points — from declassified government documents, footnotes in the Senate report, aviation data, records of corporate outsourcing of rendition flights, legal cases, media reporting and NGO investigations — the contours of the CIA’s programme of secret detention and torture began to emerge more clearly. Rather than just understanding certain individual histories, we could begin to discern the entire scope of the programme’s development. More than four years later, we’re publishing the results of our investigation in a 400-page report entitled CIA Torture Unredacted. It is the first time that the entirety of the CIA’s detention programme has been systematically revealed.

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“Other EU countries including Austria, Britain, Spain and Italy have also announced plans for their own digital taxes.”

US To Hold Hearing On French Tax On Big Tech (R.)

The U.S. Trade Representative’s (USTR) Office will hold a hearing on Aug 19 in its probe of France’s new planned tax on big technology companies, calling the proposal “unreasonable.” President Donald Trump on Wednesday ordered an investigation into the tax, which could lead to the United States imposing new tariffs or other trade restrictions. USTR said in a public notice the levy was an “unreasonable tax policy.” The plan departs from tax norms because of “extraterritoriality; taxing revenue not income; and a purpose of penalizing particular technology companies for their commercial success,” it said. USTR added that statements by French officials suggest the tax will “amount to de facto discrimination against U.S. companies… while exempting smaller companies, particularly those that operate only in France.”


The tax is due to apply retroactively from the start of 2019. USTR said that calls into question the fairness of the tax. On Thursday, the French Senate approved the 3% levy that will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros ($845 million) worldwide. Other EU countries including Austria, Britain, Spain and Italy have also announced plans for their own digital taxes. They say a levy is needed because big, multinational internet companies such as Facebook and Amazon are currently able to book profits in low-tax countries like Ireland, no matter where the revenue originates. Political pressure to respond has been growing as local retailers in high streets and online have been disadvantaged.

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The crazies.

EPA Expands Use Of Pesticide Considered ‘Very Highly Toxic’ To Bees (Hill)

The Environmental Protection Agency (EPA) announced Friday it would allow for the expanded use of a pesticide it considers toxic to bees, a move that comes just days after the Trump administration said it was suspending data collection on bee populations. The pesticide known as sulfoxaflor will be permitted for use on certain crops for the first time, and in other areas that were prohibited under the Obama administration. The agency considers sulfoxaflor “very highly toxic” to bees. In a call with reporters to announce the decision, a top EPA official emphasized the agency’s research on the pesticide’s effects on bees and said the rule was designed with pollinators in mind.


“To reduce exposure to bees, the product label will have crop-specific restrictions and important pollinator protection language,” including limits on how close to bloom sulfoxaflor can be sprayed, the official said. But it may be difficult to monitor whether the regulations spare bees as intended. The U.S. Department of Agriculture announced last week it was suspending one of the few remaining government data sets that monitor bee populations and loss. “At a time when honeybees and other pollinators are dying in greater numbers than ever before, Trump’s EPA decision to remove restrictions on yet another bee-killing pesticide is nothing short of reckless,” Earthjustice, which fought sulfoxaflor use in the 2015 suit, said in a statement Friday. “Scientists have long said pesticides like sulfoxaflor are the cause of the unprecedented colony collapse. Letting sulfoxaflor back on the market is dangerous for our food system, economy, and environment.”

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“..perhaps I will abstain from telling them of the heart-shattering, breath-snatching moment I gazed into the deep eyes of the last of a species, every sense trembling with anticipation.”

Meeting the last Malaysian Sumatran Rhino on Earth (Lack)

Deep set beady eyes peer from folds of thick leather skin. They close slowly in a leisurely, ponderous blink. Nostrils flare with each warm, damp exhalation, causing a slight rise of the stubby nasal horn that rests on those cavernous nostrils. I stare at this primitive, prehistoric creature which seems to have just trundled out of the Jurassic Period. Her skin is leather-thick, her face is topped by a firm horn and her species is over 20 million years old. She seems invincible. Somehow our soft-skinned species has managed to mangle her population down and down until today, when only one Malaysian Sumatran Rhino exists on earth. And there I stand looking into her eyes. She is called Iman. Iman means faith.

Faith is a funny concept when you stand looking at the very last individual of a species and your ears ring with her plaintive cries. Rather than feel faith in humanity, I felt a deep loss, a deep hopelessness. That was only after five minutes of meeting Iman. Yet behind me stood Dr Junaidi Payne and Dr Zainal Zahari Zainuddin, who have been working on protecting the Sumatran Rhino in Sabah for almost their whole lives. They were there in 2017 when Puntung had to be euthanised. They were there in May this year when Tam, the last male, died. They will, most likely, be there when Iman breathes her last breath. The last breath of a species. They have front row seats of the sixth mass extinction, directed and produced wholly by humans.


Iman cannot be saved. It is the brutal yet undeniable truth that one day she will be gripped by illness or old age and will leave us. If I choose to have children, their world will be undoubtedly different to ours today. Perhaps they will cry at the abundance of life that has been ravaged by their ancestors. Perhaps they will listen to the story of the time I met Iman. But perhaps I will abstain from telling them of the heart-shattering, breath-snatching moment I gazed into the deep eyes of the last of a species, every sense trembling with anticipation. Rhino and girl. We were two, yet we were alike. Our hearts both pounding as we watched each other, our gazes both narrowed and our breath quickened.

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May 022019
 


Bugatti Atlantic Coupé 1935

 

Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)
US May Have To Stop Borrowing Later This Year – Treasury (R.)
From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)
Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)
Venezuela and Binary Choice (Murray)
Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)
Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)
WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)
737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)
US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

 

 

Straight from the horse’s foul-smelling mouth, the Guardian. First judge called Assange a narcissist. This one says he cost taxpayers £16m. Judges in Britain are apparently not required to be objective. Here’s praying he’ll receive better treatment today.

Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)

A struggle over the US request for Julian Assange’s extradition will open in court on Thursday morning, a day after the WikiLeaks founder was jailed for just under a year for breaching bail conditions to avoid being extradited to Sweden. Wednesday’s sentence was decried as an “outrage” by Kristinn Hrafnsson, the editor-in-chief of the whistleblowing website, who said the hearing at Westminster magistrates court to oppose Assange’s extradition would be the start of the “big fight” – a process he said would be “a question of life and death for Mr Assange”. A judge largely rejected the mitigating factors put forward by lawyers for Assange – who took refuge in Ecuador’s embassy to London in 2012 to avoid extradition to Sweden over sexual assault allegations, which he has denied – and told the 47-year-old it was difficult to envisage a more serious example of the offence.

“You remained there for nearly seven years, exploiting your privileged position to flout the law and advertise internationally your disdain for the law of this country,” said Judge Deborah Taylor, as she sentenced him at Southwark crown court. “Your actions undoubtedly affected the progress of the Swedish proceedings. Even though you did cooperate initially, it was not for you to decide the nature or extent of your cooperation with the investigations. They could not be effectively progressed, and were discontinued, not least because you remained in the embassy.” Assange, who was arrested last month when Ecuador revoked his political asylum and invited Metropolitan police officers inside the country’s Knightsbridge diplomatic premises, had written a letter in which he expressed regret for his actions but claimed he had been left with no choice.

“I apologise unreservedly to those who consider that I have disrespected them by the way I have pursued my case. This is not what I wanted or intended,” he said in the letter read out by his lawyer, Mark Summers QC. “I found myself struggling with terrifying circumstances for which neither I nor those from whom I sought advice could work out any remedy. I did what I thought at the time was the best and perhaps the only thing that could be done – which I hoped might lead to a legal resolution being reached between Ecuador and Sweden that would protect me from the worst of my fears.”

Assange, wearing a black blazer and shorn of the beard worn when police carried him out of the embassy last month, was told by the judge that his continued residence there had cost £16m of taxpayers’ money “in ensuring that when you did leave, you were brought to justice”. “It is essential to the rule of law that nobody is above or beyond the reach of the law,” said the judge, who said Assange’s written apology was the first recognition that he regretted his actions.

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Don’t they say that all the time about twice a year?

US May Have To Stop Borrowing Later This Year – Treasury (R.)

The U.S. government will have to stop borrowing money between July and December if Washington doesn’t agree to raise a legal restriction on public debt, the Treasury Department said on Wednesday. Hitting that so-called “debt ceiling” could trigger a U.S. default on its debt and an immediate recession, a risk that has become a regular facet of U.S. politics over the last decade. The current debt limit was set in March. Treasury has been able to continue borrowing from investors by using accounting measures such as limiting government payments to public sector retirement funds.


“Treasury expects that the extraordinary measures will be exhausted sometime in the second half of 2019,” Treasury Deputy Assistant Secretary Brian Smith said in a statement announcing the department’s quarterly debt issuance plans. Wall Street also sees Treasury exhausting its borrowing authority in the third or fourth quarter, according to the minutes of a meeting of a Treasury advisory committee of financiers. The debt ceiling is already affecting how the government funds itself. Issuance of Treasury bills – short-term debt – is expected to gradually decline over the second quarter due to debt ceiling constraints, Smith said.

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“..while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.”

From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)

As part of today’s Treasury Presentation to the Treasury Borrowing Advisory Committee, there is a chart showing the Office Of Debt Management’s forecast for annual US debt issuance, broken down between its three component uses of funds: Primary Deficit, Net Interest Expense, and “Other.” That chart is troubling because while in 2019 and 2020 surging US interest expense is roughly matched by the other deficit components in the US budget, these gradually taper off by 2024, and in fact in 2025 become a source of budget surplus (we won’t be holding our breath). But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense, which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.

In short: in the stylized cycle of the US “Minsky Moment”, the US will enter the penultimate, Ponzi Finance, phase – the one in which all the new debt issuance is used to fund only interest on the debt – some time around in 2024. From that point on, every incremental increase in interest rates, which will eventually happen simply due to rising inflation expectations, will merely accelerate the ponzi process, whereby even more debt is sold just to fund the rising interest on the debt, requiring even more debt issuance, and so on, until finally the “Minsky Moment” arrives. At that point, while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.

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Get rid of the Fed or you will have no economy left. You already don’t have markets anymore, because the Fed became the market, and with the markets the economy will vanish too.

Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “We think our policy stance is appropriate at the moment; we don’t see a strong case for moving it in either direction,” Fed Chairman Jerome Powell said in a press conference following the end of the central bank’s latest two-day policy meeting. Overall, he said, “I see us on a good path for this year.” Fed policymakers said ongoing economic growth, a strong labor market and an eventual rise in inflation were still “the most likely outcomes” as the U.S. expansion nears its 10-year mark.


“The labor market remains strong … economic activity rose at a solid rate” in recent weeks, the Fed said in a policy statement a day after President Donald Trump called on it to cut rates by a full percentage point and take other steps to stimulate the economy. The policy statement, and particularly Powell’s insistence the Fed saw no compelling reason to consider a rate cut in response to weak inflation, prompted a modest selloff in stock markets and pushed bond yields higher. The S&P 500 index fell 0.75 percent, its largest daily decline since mid-March. Interest rate futures also reversed direction, signaling a lower degree of confidence the next Fed move would be a rate cut, exactly the point Powell was driving at in a “stay-the-course” message, said analysts at Cornerstone Macro.

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“Juan Guaido has been groomed for 15 years as a long-term CIA project.”

Venezuela and Binary Choice (Murray)

When a CIA-backed military coup is attempted by a long term CIA puppet, roared on by John Bolton and backed with the offer of Blackwater mercenaries, in the country with the world’s largest oil reserves, I have no difficulty whatsoever in knowing which side I am on. Juan Guaido has been groomed for 15 years as a long-term CIA project. His coup attempt yesterday, which so far appears to have stalled, was the culmination of these efforts to return Venezuela’s oil reserves to US hegemony.

It is strange how the urgent installation of liberal democracy by force correlates so often with oil reserves not aligned to the USA, as in Libya, Iraq or Venezuela, while countries with massive oil reserves which permit US military domination and align with the West and Israel can be as undemocratic as they wish, eg Saudi Arabia. Venezuela is an imperfect democracy but it is far, far more of a democracy than Saudi Arabia and with a much better human rights record. The hypocrisy of Western media and politicians is breathtaking.

Hypocrisy and irony are soulmates, and there are multiple levels of irony in seeing the “liberal” commentators who were cheering on an undisguised military coup, then complaining loudly that people are being injured or killed now their side is losing. Yesterday the MSM had no difficulty in calling the attempted coup what anybody with eyes and ears could see it plainly was, an attempted military coup. Today, miraculously, the MSM line is no coup attempt happened at all, it was just a spontaneous unarmed protest, and it is the evil government of Venezuela which attempts to portray it as a coup. BBC Breakfast this morning had the headline “President Maduro has accused the opposition of mounting a coup attempt”… Yet there is no doubt at all that, as a matter of plain fact, that is what happened.

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We’re going to have a civil war. But it won’t be civil.

Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)

First came the text messages between FBI lovebirds Peter Strzok and Lisa Page, which gave us a painful glimpse at potential political bias inside America’s most famous crime-fighting bureau. Now, a series of “Hi Honey” emails from Nellie Ohr to her high-ranking federal prosecutor husband and his colleagues raise the prospect that Hillary Clinton-funded opposition research was being funneled into the Justice Department during the 2016 election through a back-door marital channel. It’s a tale that raises questions of both conflict of interest and possible false testimony.

Ohr has admitted to Congress that, during the 2016 presidential election, she worked for Fusion GPS — the firm hired by Democratic nominee Clinton and the Democratic National Committee to perform political opposition research — on a project specifically trying to connect Donald Trump and his campaign chairman, Paul Manafort, to Russian organized crime. Now, 339 pages of emails from her private account to Department of Justice (DOJ) email accounts, have been released under a Freedom of Information Act request by the conservative legal group Judicial Watch. And they are raising concerns among Republicans in Congress, who filed a criminal referral with the Justice Department on Wednesday night.

They clearly show that Ohr sent reams of open-source intelligence to her husband, Associate Deputy Attorney General Bruce Ohr, and on some occasions to at least three DOJ prosecutors: Lisa Holtyn, Ivana Nizich and Joseph Wheatley. The contents tracked corruption developments in Russia and Ukraine, including intelligence affecting Russian figures she told Congress she had tried to connect to Trump or Manafort. “Hi Honey, if you ever get a moment you might find the penultimate article interesting — especially the summary in the final paragraph,” Nellie Ohr emailed her husband on July 6, 2016, in one typical communication. The article and paragraph she flagged suggested that Trump was a Putin stooge: “If Putin wanted to concoct the ideal candidate to service his purposes, his laboratory creation would look like Donald Trump.” Nellie Ohr bolded that key sentence for apparent emphasis.

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Still don’t get why they insist on lawyers asking their questions for them.

Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)

Attorney General William Barr on Wednesday canceled plans to testify before the House of Representatives about his handling of Special Counsel Robert Mueller’s Russia investigation, further inflaming tensions between U.S. President Donald Trump and Democrats in Congress. Barr was due to face the Democratic-controlled House Judiciary Committee on Thursday, but pulled out after the two sides were unable to agree on the format for the hearing. “It’s simply part of the administration’s complete stonewalling of Congress,” Judiciary Committee Chairman Jerrold Nadler told reporters. Justice Department spokeswoman Kerri Kupec said Nadler’s proposal to have committee lawyers question Barr was “unprecedented and unnecessary,” saying questions should come from lawmakers.


The Justice Department also said on Wednesday it would not comply with a Nadler-issued subpoena seeking an unredacted version of Mueller’s report and underlying investigative files from the probe. Earlier on Wednesday, Barr spent more than four hours before the Republican-controlled Senate Judiciary Committee where he fended off Democratic criticism of his decision to clear Trump of criminal obstruction of justice and faulted Special Counsel Robert Mueller for not reaching a conclusion of his own on the issue.

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The Wall Street Journal takes a very strong stand.

WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)

The Wall Street Journal editorial board on Wednesday excoriated Democrats for making Attorney General William Barr out to be a “villain,” defending Barr as merely “acting like a real Attorney General.” “Washington pile-ons are never pretty, but this week’s political setup of Attorney General William Barr is disreputable even by Beltway standards,” the board wrote in an op-ed published just hours after Barr testified before the Senate Judiciary Committee. The editorial, which was shared by President Trump on Twitter, slammed Democrats’ criticism of Barr’s handling of special counsel Robert Mueller’s report on Russian election interference and possible obstruction of justice by Trump.


The board also took issue with Mueller, saying that the letter he wrote to Barr expressing concerns with how the attorney general summarized his investigation amounted to “posterior covering.” “Democrats leapt on the letter as proof that Mr. Barr was somehow covering for Donald Trump when he has covered up nothing,” the board wrote, arguing that Barr’s four-page memo adequately summarized the chief findings of Mueller’s investigation. The board wrote that the “trashing of Barr shows how frustrated and angry Democrats continue to be that the special counsel came up empty in his Russia collusion probe.”

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“Single sources of data are considered acceptable in such cases by our industry..” As I explained when this came out, you need three sources. One is crazy, two is too dangerous.

737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)

The device linked to the Boeing 737 Max software that has been scrutinized after two deadly crashes was previously flagged in more than 200 incident reports submitted to the Federal Aviation Administration, but Boeing did not flight test a scenario in which it malfunctioned, CNN has learned. The angle-of-attack (AOA) sensor, as it’s known, sends data to a 737 Max software system that pushes the nose of the aircraft down if it senses an imminent stall. That software, triggered by erroneous data from AOA sensors, is believed to have played a role in crashes of Lion Air and Ethiopian Airlines jets. Former Boeing engineers and aviation analysts interviewed by CNN have criticized Boeing’s original software design for relying on data from a single AOA sensor, claiming that those devices are vulnerable to defects.

FAA data analyzed by CNN supports that assessment. The FAA has received at least 216 reports of AOA sensors failing or having to be repaired, replaced or adjusted since 2004, according to data from the FAA’s Service Difficulty Reporting website. [..] In one 2011 case, the flight crew on a Boeing 737-800 reported that the “angle of attack and airspeed failed” and declared an emergency. An AOA sensor was then replaced. The FAA also issued two directives for various Boeing aircraft models before the 737 MAX was released, indicating that Boeing was aware of the potential for the sensors to cause problems in its planes. A 2013 directive mandated inspections of certain AOA sensors to prevent possible problems that included “obstacles after takeoff, or reduced controllability of the airplane.”

Another FAA directive published in 2016 warned that AOA sensors on Boeing MD-90-30 airplanes needed to be modified and tested to address “the unsafe condition on these products.” While those directives did not involve the 737 Max, Peter Goelz, a former managing director of the National Transportation Safety Board (NTSB) and a CNN aviation analyst, said AOA sensors fundamentally work the same on different aircraft models. “This is a fairly simple external device that can get damaged on a regular basis,” Goelz said. “That’s important because Boeing made the decision to rely on them as single sources for streams of data.”

In a statement to CNN, a Boeing spokesperson said the 737 Max and its stall-prevention system, called MCAS, were certified in accordance with all FAA requirements, and that Boeing’s analysis for the plane determined that in the event of erroneous inputs from an AOA sensor, pilots would be able to maintain control of the plane by following established procedures. “Single sources of data are considered acceptable in such cases by our industry,” the Boeing spokesperson said.

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Unbelievable. Might as well end the EPA too. There is only one way to deal with GMO and the poisons that keep them alive: precautionary principle.

US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

The U.S. Environmental Protection Agency (EPA) said on Tuesday that glyphosate, a chemical in many popular weed killers, is not a carcinogen, contradicting decisions by U.S. juries that found it caused cancer in people. The EPA’s announcement reaffirms its earlier findings about the safety of glyphosate, the key ingredient in Bayer’s Roundup. The company faces thousands of lawsuits from Roundup users who allege it caused their cancer. “EPA continues to find that there are no risks to public health when glyphosate is used in accordance with its current label and that glyphosate is not a carcinogen,” the agency said in a statement.


Farmers spray glyphosate, the most widely used herbicide in U.S. agriculture, on fields of soybeans and other crops. Roundup is also used on lawns, golf courses and elsewhere. The EPA did previously find ecological risks from the chemical and has proposed new measures to protect the environment from glyphosate use by farmers and to reduce the problem of weeds becoming resistant to it. Bayer said it was pleased the EPA and other regulators who have assessed the science on glyphosate for more than 40 years continue to conclude it is not carcinogenic. “Bayer firmly believes that the science supports the safety of glyphosate-based herbicides,” it said in a statement. The company has repeatedly denied allegations that glyphosate and Roundup cause cancer.

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Jul 222017
 
 July 22, 2017  Posted by at 8:34 am Finance Tagged with: , , , , , , , , , , ,  Comments Off on Debt Rattle July 22 2017


Jackson Pollock Pasiphae 1943

 

House of Cards (Paul Craig Roberts)
Deeply Flawed Western Economic Models Undermine Worst Recovery In History (CNBC)
Short Sellers Give Up as Stocks Run to New Records (WSJ)
Greed Is No Longer Good – Bond Boom Comes To An End (G.)
The Media’s War On Trump Is Destined To Fail. Why Can’t It See That? (Frank)
Goldman Sachs Boss Urges Long Brexit Transition. Is Anyone Listening? (Ind.)
US To Drop Criminal Charges In ‘London Whale’ Case (R.)
A Third Of Greeks At Risk Of Poverty As Athens Wants Return To Bond Market
No Surprises From IMF Report On Greek Debt (K.)
The Kingdom Whose Name We Dare Not Speak At All (Robert Fisk)
EPA Will Allow Fracking Waste Dumping in the Gulf of Mexico (TO)
German Carmakers Colluded On Diesel Emissions For Decades (Qz)
Number Of Homeless Children In Temporary Accommodation in UK Rises 37% (G.)
Sicilian Mayor Moves To Block Far-Right Plan To Disrupt Migrant Rescues (G.)
All Hell Breaks Loose As The Tundra Thaws (G.)

 

 

PCR short and to the point. And don’t you ever forget it.

House of Cards (Paul Craig Roberts)

Despite unrealistic plots and weak characterization (except for Francis Urquhart), Michael Dobbs’ books, House of Cards, Play the King, and The Final Cut were best sellers that provided the basis for a long-running TV series. I haven’t seen the films, but I have read the books. I conclude that plot and characters are mere props for the didactic lesson of the novels: Democratic politics is concerned only with power and sex. Nothing else is in the picture. There is no such thing as a politician concerned with the people’s well being or capable of marital fidelity.

The media are as bad as the politicians. Female journalists use their bodies for access to power and become accomplices in political intrigues. Idealism is merely another vehicle used in the competition for power. I suspect the novels and TV series were popular because they expose politics for what it is. Politics serves only personal ambition. This is a lesson that liberals and progressives, who present government as a public-spirited alternative to private greed, need to learn. In showing politics in service to personal ambition, Dobbs is a master of truth despite his shortcoming as a novelist.

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Yeah, the future of the world depends on the definition of “tight”. Do you buy it?

Deeply Flawed Western Economic Models Undermine Worst Recovery In History (CNBC)

The Western economic system is deeply flawed with countries such as the U.S. and Britain contributing to the lowest quality economic recovery the world has ever seen, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. “The economic model is deeply flawed and the system in the west is deeply flawed, particularly in the English speaking part of the world and it needs to change,” Watling said. “I think this is undoubtedly the lowest quality economic recovery we have seen globally… full stop,” he added. The Longview Economics CEO explained that a debt-laden global economy could be vulnerable to looming interest rate hikes. The Federal Reserve is on a course to gradually increase interest rates, with financial markets expecting it to approve one more rate hike this year.

In addition, other central banks are pulling the reins on bond-buying and other liquidity programs aimed at injecting cash into their respective economies. “This is a world that is more indebted than it was before the global financial crisis in 2007, there’s no productivity growth, asset prices are very elevated, a lot of debt that corporates have built up has gone to share buy backs (and) the number of ‘zombie companies’ has doubled since 2007,” Longview Economics’ CEO explained. In the U.S. alone, households have $14.9 trillion in debt while businesses owe $13.7 trillion, according to the Federal Reserve.

Bond guru Bill Gross also warned that the course of global central banks toward tightening policy could be detrimental for the economic recovery. He argued that raising interest rates would increase the cost of short-term debt that corporations and individuals currently hold. When asked whether an imperfect system constituted a clear and present danger for the financial markets, Watling replied, “Whatever you want to call it doesn’t really matter but these sorts of things always unwind when you tighten money. The problem is judging what is tight? And that is sort of the million dollar question.”

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What are shorts worth in a world without price discovery? Shorts are there to chase off zombies. But central banks keep them alive.

Short Sellers Give Up as Stocks Run to New Records (WSJ)

Times are tough for skeptics of the bull market. Flummoxed by the endurance of a 2017 rally that produced its 27th S&P 500 record this week, investors are backing off bets that major indexes are headed downward. Bets against the SPDR S&P 500 exchange-traded fund, the largest ETF tracking the broad index, fell to $38.9 billion last week, the lowest level of short interest since May 2013, and remained near those levels this week, according to financial-analytics firm S3 Partners. Short sellers borrow shares and sell them, expecting to repurchase them at lower prices and collect the difference as profit. Bearish investors say they are scaling back on these bets not because their view of the market has fundamentally changed, but because it is difficult to stick to a money-losing strategy when it seems stocks can only go up.

They believe the market moves are at odds with an economy that remains lukewarm as it enters its ninth year of growth, stock valuations that are historically high and a delay of business-friendly policies in Washington like tax cuts and infrastructure spending. “There seems to be an overall view that people are invincible, that things will always go up, that there are no risks and no matter what goes on, no matter what foolishness is in play, people don’t care,” said Marc Cohodes, whose hedge fund focused on shorting stocks closed in 2008. Mr. Cohodes is now a chicken farmer based in California who is looking to get into goat herding in Canada. He shorts a handful of individual stocks personally, but isn’t focused on the broader market.

[..] The practice of shorting companies is also going by the wayside as stocks continue to notch records. Short-biased hedge funds had $4.3 billion in assets at the end of March, down from $7.1 billion at the end of 2013, according to HFR Inc. The difficulty for stock-market bears stems from a Goldilocks-like market environment, in which the economy is expanding fast enough to support corporate earnings, but slow enough for the Federal Reserve to keep rates relatively low. Years of low rates and easy-money policies have boosted stocks, defying forecasts for a steep, prolonged downturn. “The shorts have been frustrated now for quite a while,” said Scott Minerd, global chief investment officer at Guggenheim Partners, which has $260 billion in assets under management. The scenarios that might lead to a payout for market bears—an economic recession or a sharp rise in interest rates—don’t seem imminent, either, Mr. Minerd added.

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Sure, I believe you.

Greed Is No Longer Good – Bond Boom Comes To An End (G.)

City bond traders have put the champagne on ice. They had a good run. For some it lasted almost a year. But it’s over now and the “new normal” of low trading volumes and weak profits is reasserting itself. On Wall Street, Goldman Sachs took the biggest hit. This week the firm reported profits had plunged 40% in the second quarter on its bond, currency and commodities trading desks. All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. Lloyd Blankfein, the Goldman boss who rose through the ranks of bond traders to the top job, was unlikely to be sanguine about the turn of events amid concerns that his bank suffered more than most for relying on out-of-favour hedge funds as clients.

Back in October 2016 the story was very different. Barclays was on a high after what it said was a summer bonanza for its bond traders, pushing quarterly profits to a two-year high. Likewise Goldman, Deutsche Bank, Bank of America and JPMorgan were raking in the trades. Much of the reason for their optimism was a change of stance at the Federal Reserve. The US central bank signalled in late 2015 that the post-crash era of low inflation and low interest rates was coming to an end. To combat the threat of inflation, it would start to raise rates consistently through 2016 and 2017. This move put two trends in motion that spelled a big payday for the banks. First, the price of bonds started to fall, making them more attractive to buy. Second, not long afterwards, it became clear the other central banks were not going to follow suit in raising rates.

That broke seven years of agreement among the major central banks to hold interest rates at near zero as a way to boost economic activity. The Bank of England, the European Central Bank and the Bank of Japan were still on board, but Janet Yellen at the Fed had broken away. Without a consistent story, investors in fixed-income securities, the jargon name for bonds, found themselves needing to back several horses. And investors demanded the banks buy and sell their securities more frequently as uncertainty translated into an ever-changing mood in the market. The main measure of volatility – the Vix index – was still well below the 2009 peak, but it was elevated in 2016. And traders make money in periods when uncertainty and confusion raise levels of volatility.

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Thomas Frank (re-)writes my article from a few weeks ago, Feeding Frenzy in the Echo Chamber.

The Media’s War On Trump Is Destined To Fail. Why Can’t It See That? (Frank)

These are the worst of times for the American news media, but they are also the best. The newspaper industry as a whole has been dying slowly for years, as the pathetic tale of the once-mighty Chicago Tribune reminds us. But for the handful of well funded journalistic enterprises that survive, the Trump era is turning out to be a “golden age” – a time of high purpose and moral vindication. The people of the respectable east coast press loathe the president with an amazing unanimity. They are obsessed with documenting his bad taste, with finding faults in his stupid tweets, with nailing him and his associates for this Russian scandal and that one. They outwit the simple-minded billionaire. They find the devastating scoops. The op-ed pages come to resemble Democratic fundraising pitches. The news sections are all Trump all the time. They have gone ballistic so many times the public now yawns when it sees their rockets lifting off.

A recent Alternet article I read was composed of nothing but mean quotes about Trump, some of them literary and high-flown, some of them low-down and cruel, most of them drawn from the mainstream media and all of them hilarious. As I write this, four of the five most-read stories on the Washington Post website are about Trump; indeed (if memory serves), he has dominated this particular metric for at least a year. And why not? Trump certainly has it coming. He is obviously incompetent, innocent of the most basic knowledge about how government functions. His views are repugnant. His advisers are fools. He appears to be dallying with obviously dangerous forces. And thanks to the wipeout of the Democratic party, there is no really powerful institutional check on the president’s power, which means that the press must step up.

But there’s something wrong with it all. The news media’s alarms about Trump have been shrieking at high C for more than a year. It was in January of 2016 that the Huffington Post began appending a denunciation of Trump as a “serial liar, rampant xenophobe, racist, birther and bully” to every single story about the man. It was last August that the New York Times published an essay approving of the profession’s collective understanding of Trump as a political mutation – an unacceptable deviation from the two-party norm – that journalists must cleanse from the political mainstream. It hasn’t worked. They correct and denounce; they cluck and deride and Trump seems to bask in it. He reflects this incredible outpouring of disapprobation right back at the press itself.

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Contemplating the horrors of bankers leaving your society.

Goldman Sachs Boss Urges Long Brexit Transition. Is Anyone Listening? (Ind.)

I’ve no fondness for wealthy bankers, but that doesn’t mean to say they aren’t sometimes right. An example of that is Goldman Sachs International chief executive Richard Gnodde, who has just entered the Brexit debate to urge a “significant” transition period. Mr Gnodde is currently pouring money down a bottomless pit labelled “Brexit Contingency Plans”. There aren’t many Britons who will feel all that much sympathy for him over that. That money pit will mean less is available for the bonuses he and his colleagues are so fond of. So tough luck. Trouble is, his masters in New York won’t see it that way. They will eventually say that’s enough of that, start moving your people over to Frankfurt. Actually, the process has already begun. Some jobs are moving over to Germany.

Still more are simply staying in New York, which, for all the scrambling being done by Frankfurt, and Paris, and Dublin, has quietly become the biggest winner from this whole sorry affair. There are many who would shrug some more. What do we lose by inconveniencing a few thousand wealthy bankers anyway. They don’t exactly contribute much to society. Well, they pay a lot of tax for starters. It’s also true that they should pay more. But that’s just another debate. Despite that, I have for years argued that London’s financial centre has played too central a role in the nation’s economy, and that it would be a good idea for the Government to pursue a more balanced economic approach rather than coddling it (as it did until recently).

The trouble is it is now happening at a dangerously fast pace and it is impossible to see, as things stand, quite what is going to replace those tax revenues, which contribute to things like the NHS, schools, roads without potholes, and any number of other things. There are also a lot of support staff who work for banks like Goldman in the City. They’re not rich, by any means, and they’re unlikely to be able to move like the bankers so they’ll just lose their jobs. If it’s unpalatable hearing about this from Mr Gnodde – as it will be to an awful lot of people – consider also that the CBI has said much the same thing as have most sensible, and even semi-sensible, businesses both in the square mile of the City of London and beyond.

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Everyone walks. Yawn.

US To Drop Criminal Charges In ‘London Whale’ Case (R.)

U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase derivatives traders implicated in the “London Whale” trading scandal that caused $6.2 billion of losses in 2012. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it “no longer believes that it can rely on the testimony” of Bruno Iksil, a cooperating witness who had been dubbed the London Whale, based on recent statements he made that hurt the case. Prosecutors also said efforts to extradite Martin-Artajo and Grout, respectively citizens of Spain and France, to face the charges have been “unsuccessful or deemed futile.” Acting U.S. Attorney Joon Kim in Manhattan asked a federal judge for permission to drop charges that included securities fraud, wire fraud and falsifying records. Martin-Artajo and Grout were indicted in September 2013.

“After four long years of protracted litigation, we are very pleased that the government has decided to do the right thing, and dismiss the criminal case,” Grout’s lawyer, Edward Little, said. The dismissal request marks a fresh setback in U.S. efforts to prosecute individuals for financial crimes. This has included the undoing of several insider trading convictions and pleas that had been won by Kim’s predecessor Preet Bharara. It has also included this week’s overturning of the convictions of two former Rabobank NA traders for rigging the Libor interest rate benchmark. Martin-Artajo and Grout were accused of hiding hundreds of millions of dollars of losses within JPMorgan’s chief investment office (CIO) in London by marking positions in a credit derivatives portfolio at inflated prices.

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At risk of, you said? Weird that if you let investors and analysts discuss this, turns out they have no idea what’s really going on. But doesn’t that cluelessness hurt their investments. their clients?

A Third Of Greeks At Risk Of Poverty As Athens Wants Return To Bond Market

The Greek government might be preparing to return to the bond market but there are many structural problems that have yet to be resolved to make the economy more sustainable, an analyst told CNBC on Friday. Greece is currently on a third financial program since 2010, due to expire next year. According to James Athey, fixed income investment manager at Aberdeen Asset Management, despite the reforms implemented until now, “it still doesn’t seem we are particularly far down the road in solving the structural issues of Greece.” “Until the Greek economy has got a business model which works and it’s productive and it’s creating stable, secure growth that it’s not reliant on debt relief, external support and constantly bailouts from the Europeans, then it’s difficult to believe that the path is towards something more healthy rather than something less healthy,” Athey told CNBC on Friday.

The IMF agreed Thursday to make a loan of $1.8 billion to Greece as part of its current bailout program, but warned that the country will have to continue reforming in order to receive that money. Greece has to continue focusing on reducing the level of bad loans in its financial sector and extend labour market reform to liberalize Sunday trade and allow for collective dismissals, the fund said. However, with the bailout program due to end in 2018, Greece wants to come back to bond markets to show the rescue has been successful and the economy is able to fund itself. The government is studying when and how such a comeback will be more appropriate. Though Athens refuses to comment on this issue, it is widely expected that Greece will issue bonds next week.

The move is somewhat confusing given that Greek government bonds do not qualify for the ECB’s asset purchase program. They are considered junk by credit rating agencies, and thus cannot feature on the central bank’s balance sheet. When asked how Greece would convince investors to buy bonds if the ECB isn’t buying these assets, Athey said: “I don’t know.” “I guess from a Greek perspective it seems to be a window of opportunity, we’ve seen Greek yields have fallen fairly consistently throughout the year…the fact that Greece might come to market at what optically looks like an attractive yield for a Greek issuer must be tempting to them, especially considering that we are expecting the QE program to ultimately come to a conclusion over the next 6 to 12 months, they certainly would not want to wait until then,” he suggested.

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Absolute fantasy predictions. That’s the only way left to sell their stories. They all want Greece back in ‘markets’ before the next bailout expires next year.

No Surprises From IMF Report On Greek Debt (K.)

Bond markets responded calmly on Friday to the debt sustainability analysis (DSA) of the IMF, which found Greece’s debt exceptionally unsustainable, while deciding to participate in the Greek bailout program with 1.6 billion euros. The markets’ reaction allows for the government to issue the five-year bond as early as on Monday. The DSA reiterates that the eurozone’s commitments to secure the sustainability of the Greek debt are not sufficient. The IMF estimates the debt will slide to 160% of GDP in 2020 and to 150% in 230, before soaring to 190% in 2060. Servicing the debt will exceed 15% of GDP in 2028, reaching as high as 45% in 2060.

The Fund argues that the estimates of Athens and the eurozone on growth rates, primary surpluses and other parameters affecting the debt are optimistic and insists its own views are realistic, saying that Greece has historically been weak in implementing reforms and cannot support high primary surpluses for many years. It goes on to say that revenues from privatizations will not exceed €2 billion by 2030 and believes that the state will not collect any substantial funds from the sale of the bank shares it acquired in the last few share capital increases. It therefore calls on the eurozone to reach an agreement on a realistic strategy for easing Greece’s debt.

The IMF’s proposal for a new stress test on Greek banks and a fresh asset quality review were met with a clear dismissal on Friday by a ECB spokesman, who pointed to Frankfurt being the sole monitoring authority that decides on such issues. The strong ECB response was also addressed at the IMF’s estimate that Greek lenders will require fresh recapitalization to the tune of €10 billion. On Friday Standard & Poor’s stopped short of raising the country’s credit rating, affirming it at ‘B-,’ but pointed to an upcoming upgrade switching Greece’s outlook from stable into positive.

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How much longer? We know there are reports.

The Kingdom Whose Name We Dare Not Speak At All (Robert Fisk)

Theresa May has oddly declined to comment on the reported arrest of the mini-skirted lass who was videotaped cavorting through an ancient Najd village this week, provoking unexpected roars of animalistic male fury in a kingdom known for its judicial leniency, political moderation, gender equality and fraternal love for its Muslim neighbours. May should, surely, have drawn the attention of the rulers of this normally magnanimous state to the extraordinarily uncharacteristic behaviour of the so-called religious police – hitherto regarded as extras in the very same kingdom’s growing tourism industry which is supported by its newly appointed peace-loving and forward-thinking young Crown Prince.

But of course, since May cannot possibly believe that a single person in this particular national entity would give even a riyal or a halfpenny to “terrorists” – of the kind who have been tearing young British lives apart in Manchester and London – she’s hardly likely to endanger the “national security” of said state by condemning the arrest of the aforementioned young lady. In any event, a woman so proper that she would not risk soiling her hands by greeting the distraught survivors of the Grenfell Tower fire has no business shedding even a “little tear” for middle class girls who upset what we must now call The Kingdom Whose Name We Dare Not Speak At All. Or at least, we do not dare to speak its name.

It’s now a week since this extraordinary woman – our beloved May, not the cutie of Najd – declined to publish perhaps the most important, revelatory document in the history of modern “terrorism” on the grounds that to identify the men who are funding the killers running Isis, al-Qaeda, al-Nusrah and sundry other chaps, would endanger “national security”. Note that Amber Rudd, May’s amanuensis, intriguingly declined to specify whose “national security” was at risk. Ours? Or that of The Kingdom Whose Name We Dare Not Speak At All – henceforth, for brevity’s sake, the KSA – which must surely be well aware which of its illustrious citizens (peace-loving, moderate, gender-equalised, etc) have been sending their lolly to the Isis lads.

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If you read carefully, you see that it’s all been a mess for many years. The only difference is Trump doesn’t try to hide that.

EPA Will Allow Fracking Waste Dumping in the Gulf of Mexico (TO)

As the Trump administration moves to gut Obama-era clean water protections nationwide, an environmental group is warning the Environmental Protection Agency (EPA) that its draft pollution discharge permit for offshore drilling platforms in the Gulf of Mexico violates clean water laws because it allows operators to dump fracking chemicals and large volumes of drilling wastewater directly into the Gulf. In a recent letter to the agency, the Center for Biological Diversity told the EPA that the dumping of drilling wastewater – which can contain fracking chemicals, drilling fluids and pollutants, such as heavy metals – directly into Gulf waters is unacceptable and prohibited under the Clean Water Act.

Under current rules established by the Obama administration, offshore oil and gas platforms can discharge well-treatment chemicals and unlimited amounts of “produced waters” from undersea wells directly into the Gulf as long as operators perform toxicity tests a few times a year and monitor for “sheens” on the water’s surface. About 75 billion gallons of produced water were dumped in the Gulf in 2014 alone, according to EPA records. Offshore fracking, which typically involves injecting water and chemicals at high pressure into undersea wells to improve the flow of oil and gas, has rapidly expanded in the Gulf of Mexico over the past decade.

The latest draft of the pollution discharge permit, which was largely prepared under the Obama administration, would require drillers to collect information on the fracking chemicals they dump overboard. Regulators want to know what these chemicals are; their catalogue of offshore fracking chemicals has not been updated since 2001, despite advancements in technology.

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Here’s real collusion for you: “special committees of up to 200 employees”. It wasn’t just software, they also agreed to use too small versions of the ‘tanks’ that clean emissions. Now VW is talking, trying to get its own fines diminished.

Oh, and you think nobody in government ever knew about this? Prediction: Merkel will push EU into lower fines. Prediction 2: they will comply.

German Carmakers Colluded On Diesel Emissions For Decades (Qz)

German magazine Der Spiegel reports that the country’s powerful automakers have been meeting in secret since the 1990s—and their joint decisions on dealing with diesel emissions may have laid the groundwork for Volkswagen’s massive emissions-cheating scandal. According to Der Spiegel, VW admitted to German authorities that it may have engaged in “anti-competitive behavior” with rivals BMW and Daimler via special committees of up to 200 employees that set prices, agreed on suppliers, and engaged in other forms of coordination. One major topic of the meetings was how to manage emissions from diesel engines. The result, as we now know in Volkswagen’s case, was the installation of emissions-cheating software, which was uncovered by American regulators in 2015 and has cost the automaker dearly since.

Daimler tried to get ahead of things this week by recalling 3 million diesel vehicles in Europe for a free emissions-system alteration. Audi followed suit today, with a similar offer to “improve emissions behavior” for 850,000 cars. Spiegel says that German regulators discovered signs of an illegal agreement between the automakers this summer, when they were investigating Volkswagen on suspicion that carmakers were fixing the price of steel. Volkswagen, Daimler, and BMW declined to comment on the Spiegel report, with the latter two calling it “speculation.” Germany’s automakers are anxious as a backlash against diesel motors gathers pace. Several European cities—including Stuttgart, the home of Porsche—have called for a ban on diesel cars, which accounted for around 47% of cars sold in Europe’s five biggest markets in the second quarter of this year.

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Nice society you got there. Britain’s way overdue for a complete make-over.

Number Of Homeless Children In Temporary Accommodation in UK Rises 37% (G.)

Councils across England are housing the equivalent of an extra secondary school of pupils per month as the number of homeless children in temporary accommodation soars, according to local government leaders. The Local Government Association (LGA) said councils are providing temporary housing for around 120,540 children with their families – a net increase of 32,650 or 37% since the second quarter of 2014. It said the increase equates to an average of 906 extra children every month. The LGA said placements in temporary accommodation can present serious challenges for families, from parents’ employment and health to children’s ability to focus on school studies and form friendships. The LGA, which represents 350 councils across England, said the extra demand is increasing the pressure on local government.

It said councils need to be able to build more “genuinely affordable” homes and provide the support that reduces the risk of homelessness. This means councils being able to borrow to build and to keep 100% of the receipts of any home they sell to reinvest in new and existing housing, the LGA said. Council leaders are also calling for access to funding to provide settled accommodation for families that become homeless. Martin Tett, the LGA’s housing spokesman, said: “When councils are having to house the equivalent of an extra secondary school’s worth of pupils every month, and the net cost for councils of funding for temporary accommodation has tripled in the last three years, it’s clear the current situation is unsustainable for councils, and disruptive for families.

“Councils are working hard to tackle homelessness, with some truly innovative work around the country – and we now need the Government to support this local effort by allowing councils to invest in building genuinely affordable homes, and taking steps to adapt welfare reforms to ensure housing remains affordable for low-income families.”

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EU policies bring the vermin our of the woodwork.

Sicilian Mayor Moves To Block Far-Right Plan To Disrupt Migrant Rescues (G.)

A Sicilian mayor is seeking to block a ship chartered by a group of far-right activists attempting to disrupt migrant rescues in the Mediterranean. Enzo Bianco, the mayor of Catania, has urged authorities in the port city on the island’s east coast to deny docking rights to C-Star, a 40-metre vessel hired by Generation Identity, a movement made up of young, anti-Islam and anti-immigration activists from across Europe, for its sea mission to stop migrants entering Europe from Libya. The ship is expected to arrive on Saturday, and the group intends to launch its mission next week. “I’ve told [the relevant] authorities that allowing the ship to dock in our port would be very dangerous for public order,” Bianco said in a statement to the Guardian.

“I also consider it to be a provocation by those involved, with their sole purpose being to fuel conflict by pouring fuel on the fire.” Under a vigilante scheme called “Defend Europe”, the activists crowdfunded more than €75,000 (£67,000) to hire the boat. In a “trial run” two months ago, the ship successfully intercepted a charity rescue ship off Sicily. The activists’ aim is to expose what they claim to be wrongdoing by “criminal” NGO search and rescue vessels, which they accuse of working with people smugglers to transport illegal immigrants to Europe. They also plan to disrupt the work of the crews by calling the Libyan coastguard and asking them to take migrants and refugees attempting to cross the Mediterranean back to war-torn Libya.

Anti-racism groups across Sicily have also urged authorities to take action against the group, to prevent them interfering in the life-saving missions. “Sicily is a place where every family has an emigration story,” Bianco said. “In recent years we have welcomed thousands of people fleeing from war and hunger, people who were saved from dying in the Mediterranean by European vessels, and those who have lost one or more family members crossing the sea. Talking about ‘defending Europe’ is not just demagogic, it’s unworthy.”

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“Long dormant spores of the highly infectious anthrax bacteria frozen in the carcass of an infected reindeer rejuvenated themselves and infected herds of reindeer and eventually local people.”

All Hell Breaks Loose As The Tundra Thaws (G.)

Strange things have been happening in the frozen tundra of northern Siberia. Last August a boy died of anthrax in the remote Yamal Peninsula, and 20 other infected people were treated and survived. Anthrax hadn’t been seen in the region for 75 years, and it’s thought the recent outbreak followed an intense heatwave in Siberia, temperatures reaching over 30C that melted the frozen permafrost. Long dormant spores of the highly infectious anthrax bacteria frozen in the carcass of an infected reindeer rejuvenated themselves and infected herds of reindeer and eventually local people. More recently, a huge explosion was heard in June in the Yamal Peninsula. Reindeer herders camped nearby saw flames shooting up with pillars of smoke and found a large crater left in the ground.

Melting permafrost was again suspected, thawing out dead vegetation and erupting in a blowout of highly flammable methane gas. Over the past three years, 14 other giant craters have been found in the region, some of them truly massive – the first one discovered was around 50m (160ft) wide and about 70m (230ft) deep, with steep sides and debris spread all around. There have also been cases of the ground trembling in Siberia as bubbles of methane trapped below the surface set the ground wobbling like an airbed. Even more dramatic, setting fire to methane released from frozen lakes in both Siberia and Alaska causes some impressive flames to erupt. Methane is of huge concern. It is more than 20 times more potent a greenhouse gas than carbon dioxide, and a massive release of methane in the Arctic could pose a significant threat to the global climate, driving worldwide temperatures even higher.

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Feb 072017
 
 February 7, 2017  Posted by at 11:08 am Finance Tagged with: , , , , , , , , ,  1 Response »


Russell Lee Sharecropper mother teaching children in home, Transylvania, LA. 1939

Trump To Be Barred From UK Parliament Over ‘Racism and Sexism’ (BBG)
Trump’s Wall Street Deregulation ‘The Last Thing We Need’ – Draghi (Ind.)
Meet The Men Who Could Topple Donald Trump (G.)
California Is Not ‘Out Of Control,’ Leaders Tell Trump (R.)
Our Part In The Darkness (Alameddine)
The New York Times Just Doesn’t Understand This Economics Stuff (Worstall)
The Fed’s Mortage-Bond Whale (BBG)
When The Money Supply Dries Up (IM)
Army Corps Of Engineers May Decide On DAPL By Week’s End (BBG)
New Bill Would Block EPA From Regulating Greenhouse Gases
Too Late For Couples Therapy? (DiEM25)
Varoufakis: Tsipras Should Prepare To Break Deal With Greece’s Creditors (FR)
Rare Split On IMF Board Puts Greek Bailout At Risk (MW)
Greece Won’t Meet Fiscal Surplus Targets Set By Europe, IMF Says (BBG)
Third Quake Over 5-Richter Magnitude Rattles Lesbos (K.)

 

 

Really dumb stuff. If only because Trump loves it.

Trump To Be Barred From UK Parliament Over ‘Racism and Sexism’ (BBG)

U.S. President Donald Trump must not be allowed to address the U.K. Parliament during a state visit to Britain, House of Commons Speaker John Bercow said. Prime Minister Theresa May invited Trump to visit the U.K., but there have been calls by lawmakers not to give the president the honor of addressing both houses of Parliament after he introduced a ban on people from some majority-Muslim countries traveling to the U.S. “Before the imposition of the migrant ban I would myself have been strongly opposed to an address by President Trump in Westminster Hall; after the imposition of the migrant ban by President Trump I’m even more strongly opposed,” Bercow told lawmakers on Monday.

He added, “I feel very strongly our opposition to racism and to sexism and our support for equality before the law and an independent judiciary are hugely important considerations in the House of Commons.” Trump’s predecessor, Barack Obama, and world leaders including Nelson Mandela, Angela Merkel and Pope Benedict XVI have all been invited to speak to members of the House of Commons and the House of Lords. [..] The announcement was greeted with cheers and – a rare event in the House of Commons – applause from the opposition benches. A motion arguing that Trump shouldn’t be invited to speak has been signed by 163 out of Parliament’s 650 members.

Bercow said he has a veto over a speech in Westminster Hall, the oldest part of the Houses of Parliament, and would block one. It would also be a breach with tradition if Trump spoke in the Royal Gallery behind the Lords without his name on the invitation, he said. “An address by a foreign leader to both houses of Parliament is not an automatic right, it is an earned honor,” Bercow said. “There are many precedents for state visits to take place to our country that do not include an address to both houses of Parliament.”

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Meet Mario the kettle.

Trump’s Wall Street Deregulation ‘The Last Thing We Need’ – Draghi (Ind.)

Donald Trump’s roll-back of Wall Street regulation is “very worrisome” and “the last thing we need” the President of the ECB, Mario Draghi, has warned. Giving evidence to the European Parliament’s Committee on Economic and Monetary Affairs on Monday, Mr Draghi was asked about the American President’s assault on the US post-crisis Dodd-Frank legislation, which had curbed the risk-taking of US banks, raised their capital requirements and introduced more safeguards for consumers. “The last thing we need is a relaxation of regulation,” Mr Draghi said. “The fact that we are not seeing….significant financial stability risk is the reward of the action of supervisors…. Nowadays financial intermediaries are strong. The idea of repeating the conditions of before the crisis is very worrisome.”

Mr Draghi added: “If we were to look at historical experience and ask what are the main reasons for the financial crisis starting in 2007 onwards, well, one can disagree [over] whether it was too expansive monetary policy or the dismantling of financial regulation in previous years – but surely we can agree it was a combination”. Last week President Trump signed an executive order to relax Dodd-Frank, prompting warnings that he is preparing the ground for another financial crisis. Phil Angelides, who served as chair of the Financial Crisis Inquiry Commission, branded President Trump’s decision “insane”. “In the wake of the financial crisis, millions of families lost their homes. Millions of people lost their jobs. The economy was wrecked and communities across the country were devastated. Big Wall Street banks admitted wrongdoing and paid tens of billions of dollars in fines. And now, with bankers at his side, President Trump begins to rip apart protections put in place to protect America’s families and our economy,” he said.

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As I said a few dats ago: “More interesting right now is how strongly this is dividing the White House team. Kelly refused to enact some of Bannon’s demands. Tillerson and Mattis are not sitting comfortable either.”

Meet The Men Who Could Topple Donald Trump (G.)

When Trump began putting together his cabinet, liberals and some in the media expressed concern over the number of retired generals he was appointing to top positions. “Trump hires third general, raising concerns about heavy military influence,” blared a headline in the Washington Post during the presidential transition. “I am concerned that so many of the president-elect’s nominees thus far come from the ranks of recently retired military officers,” the Democratic representative Steny Hoyer told the Washington Examiner in December. The fretting over Trump’s generals was always misplaced, not least because the number of retired generals Trump has appointed to top positions in his administration is hardly unprecedented.

Trump nominated the retired Marine generals James Mattis and John Kelly to lead the Department of Defense and Homeland Security, respectively, and tapped the retired army general Mike Flynn to be his national security adviser. When entering office after winning the 2008 presidential election, Barack Obama also appointed three retired generals to top positions and few batted an eyelid. But those concerned about Trump’s presidency should be thankful that the generals are there, particularly Mattis and Kelly. By all accounts, they are men of great honor and courage with strong backbones. Kelly led men into battle and lost a son fighting in Afghanistan. Mattis may be the most distinguished and respected Marine officer of his generation, revered for his dedication to his troops and his intellect. I had the honor of spending an hour with him one-on-one last May when he was a fellow at the Hoover Institution. Our conversation was off the record, but make no mistake, this is not a man to be trifled with.

Trump may have actually boxed himself in by picking highly respected generals such as Kelly and Mattis to helm top posts in his administration. Even conservatives who publicly stand by the president latch on to the appointments of Mattis and Kelly as their best evidence that Trump’s presidency will not be as problematic as his temperament and actions sometimes suggest, or some of his more troubling White House advisers portend. But if Mattis or Kelly were to resign in protest, that might change everything. There have already been reports that Mattis and Kelly are less than happy with some of what has gone on in the White House. During the transition, Mattis reportedly clashed with the Trump transition team over key appointments to the defense department. Tensions boiled over when Mattis and Kelly weren’t given sufficient consultation over the recent immigration executive order.

The Democratic representative Seth Moulton, a retired Marine who served under Mattis during the Iraq war, says insiders have informed him that after the executive order fiasco, some top appointments like Mattis began thinking about what would make them leave the administration. “What I’ve heard from behind the scenes,’’ Moulton told the Boston Globe: “What will make you resign? What’s your red line?”

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This is the kind of confrontation the country badly needs. Where everyone has to argue and define their viewpoints.

California Is Not ‘Out Of Control,’ Leaders Tell Trump (R.)

California leaders pushed back on Monday against President Donald Trump’s claim that the state is “out of control,” pointing to its balanced budget and high jobs numbers in the latest dustup between the populist Republican and the progressive state. The state’s top Democrats called Trump cruel and his proposals unconstitutional after the businessman-turned-politician threatened to withhold federal funding from the most populous U.S. state if lawmakers passed a so-called sanctuary bill aimed at protecting undocumented immigrants. “President Trump’s threat to weaponize federal funding is not only unconstitutional but emblematic of the cruelty he seeks to impose on our most vulnerable communities,” state Senate Pro Tem Kevin de Leon, a Democrat from Los Angeles, said in a statement on Monday.

State Assembly Speaker Anthony Rendon, an L.A.-area Democrat, said the state has the most manufacturing jobs in the nation, and produces a quarter of the country’s food. “If this is what Donald Trump thinks is ‘out of control,’ I’d suggest other states should be more like us,” Rendon said. The latest war of words between Trump and Democratic leaders in California, where voters chose his opponent, Hillary Clinton, two-to-one in November’s election, began Sunday, in an interview between Trump and Fox News host Bill O’Reilly. During the interview, O’Reilly asked Trump about a bill in the state legislature, authored by de Leon, to ban law enforcement agencies in the state from cooperating with immigration officials in most circumstances. Cities who have enacted similar bans are known as sanctuary cities, and de Leon’s bill, if passed and signed into law by Democratic Governor Jerry Brown, would effectively extend such rules to the entire state.

Trump disparaged the bill as ridiculous, saying that sanctuary cities “breed crime.” “We’ll have to, well, de-fund,” Trump said. “We give tremendous amounts of money to California.” Trump went on to say he viewed funding as a weapon. “California in many ways is out of control,” Trump said to O’Reilly. “Obviously the voters agree or otherwise they wouldn’t have voted for me.” Last week, Trump threatened to withhold federal funding from the University of California at Berkeley, where violent protests led to the cancellation of a speech by an editor for the right-wing Breitbart News. But experts said it would be difficult for the President to withhold funds from either the university or the state. Court rulings have limited the power of the president to punish states by withholding funds, and most appropriations come from the Congress and not the executive branch.

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Really excellent. Don’t miss.

Our Part In The Darkness (Alameddine)

Right after the election, my Twitter feed exploded with shock and moans. It seemed that everyone’s favorite phrase was “We are better than this.” I considered the statement so obviously wrong. I understood the convoluted logic of it, the jolt and hurt that would lead someone to type this, but it was not true. We are not better than this. We are this. The man was elected President. Ipso facto, America is this, we are this. I say this not to suggest that we must be blamed, or that someone who did not vote for Donald Trump is just as culpable as one who did. What I keep trying to point out, to friends, to anyone who will listen, is that too few of us are willing to acknowledge responsibility—not necessarily to accept blame, but to stand up and say, “This thing of darkness, I acknowledge mine.”

I remember when the photographs of torture at Abu Ghraib came to light. The response was similar. This is not us. Those soldiers were rotten. It began at the top, with George W. Bush, and it filtered down. But we would never do such a thing. Of course, we did do those things, and we kept on doing them over and over, and doing worse. Some objected, but most of us simply moved on, chose to forget. “No snowflake in an avalanche ever feels responsible,” the Polish poet Stanislaw Jerzy Lec once wrote. Trump bans Muslims and we claim that this is un-American, that we are not this. I don’t have to talk up “ancient” history to show that we are. I won’t bring up settler colonialism, genocide, and land theft, or harp on slavery, or internment camps for Japanese-Americans.

I won’t refer to the Page Act banning those deemed “undesirable,” the Chinese Exclusion Act, the Asiatic Barred Zone Act, or the Emergency Quota Act. I don’t have to mention the hundreds of thousands of Mexicans deported in the nineteen-thirties, or the thousands of Jews escaping Nazi violence who were turned away. It was F.D.R., not Trump, who claimed that Jewish immigrants could threaten national security. I won’t mention any of this, because this happened so long ago. We can always delude ourselves by saying that America was this but now we are better. Let me just say that in 2010 and 2011, state legislatures passed a hundred and sixty-four anti-immigration laws.

Many were upset when Trump campaigned on a Muslim registry, but I was surprised to find out how few knew that we’d already had one: the National Security Entry-Exit Registration System, or nseers, implemented on September 11, 2002. From the Atlantic: “It consisted of two ‘special registration’ programs: one that required foreign nationals from certain countries to check in with the government before entering and leaving the country, and another that obliged some foreigners living in the United States to report regularly to immigration officials.” Obama did not suspend the program until 2011. He dismantled it right before he left office.

[..] I was in Lesbos a year ago, helping Syrian refugees. At Moria, the biggest camp on the island, thousands of refugees were being processed every day. The crisis had been ongoing for more than six months. I’d heard that every big N.G.O. had taken a turn at leading the camp, but each one failed because of mismanagement, backstabbing, interagency bickering, governmental interference, what have you. But, as horrid as the situation was in the camp, I thought that it was being well managed, as well as it could be with so many people in and out. I met this unassuming man, a retired Mormon from Utah, who had been volunteering at the camp since the first boats arrived. He spoke no Arabic or Farsi, had no medical training of any kind, none of the identifiable skills, yet both volunteers and refugees sought him out with every conceivable question about what to do. It seems that he had arrived to offer whatever help he could. He slowly began to fill in wherever he was needed. As the N.G.O.s began to wash their hands of the camp, he was needed more and more. When I was there, he was running the damn place. We are this. We can be better.

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“That is just a howling error, to talk about the number of jobs and wages as if they are different things.”

The New York Times Just Doesn’t Understand This Economics Stuff (Worstall)

The Editorial Board of the New York Times tells us all that repealing parts of or all of Dodd Frank will damage the economic recovery. It’s possible to see the glimmerings of a point there, no one does think that if half the banks fall over again then all will be toodle dandy. However, they do manage to betray a terrible ignorance of the basics of economics and wages in the same editorial. Really, this is such a basic point that even Karl Marx was able to understand it: Mr. Trump may believe that ending Dodd-Frank will lead to more jobs by making it easier for businesses to get loans. But even if looser credit would help hiring — a very big if — the main problem in the job market today is not too few jobs, but wages that have been too low for too long. A rollback of Dodd Frank will not help that, and will hurt by forfeiting the stability that has helped the economy come this far.

That is just a howling error, to talk about the number of jobs and wages as if they are different things. They are the same thing–it is full employment which lifts the workers’ wages, nothing more and nothing less. As I say this is such a fundamental concept that even Karl Marx was able to get it right. If we have unemployment, that reserve army of the unemployed, then a capitalist can increase his labour force just by hiring some more of those unemployed. He doesn’t have to tempt anyone in with higher wages, he doesn’t need to pay his own workforce more as profits rise. For anyone gets bolshie he can just hire more of those unemployed people. However, the moment that reserve army is exhausted, the moment that there are no unemployed to hire it all changes. Suddenly, to gain access to more labour temptation must be employed.

It is necessary to tempt labour away from the jobs they are already doing. The capitalists, therefore, are in competition with each other for the profits that can be made by employment. At which point of course wages have to rise. To tempt labour into factory B away from factory A then B must pay more than A (in some form, could be shorter hours, better scheduling, more pay, whatever).And factory B had better raise its own wages for the extant workforce to stop A tempting it away. This is how wages rise over time. The capitalists compete for the profits that can be made by employing labour. And in the absence of unemployment they can only do this by raising wages as productivity rises. This process has been going on some 200 years by now, ever since productivity rises became a general feature of the economy.

And there’s no reason to think that it has stopped nor that it will. That is, contrary to the editorial board f the New York Times, it’s not that wages and jobs are different issues. It’s that wages haven’t risen because there haven’t been enough jobs. And seriously, if your understanding of capitalist and market economics is behind even that of Karl Marx are we sure that you should be writing newspaper articles on the subject of economics?

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If you create an artificial recovery, there will be a price to be eventually.

The Fed’s Mortage-Bond Whale (BBG)

Almost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy. And when it happens, the knock-on effects in the bond market could pose a threat to the U.S. housing recovery. Just how big is hard to quantify. But over the past month, a number of Fed officials have openly discussed the need for the central bank to reduce its bond holdings, which it amassed as part of its unprecedented quantitative easing during and after the financial crisis. The talk has prompted some on Wall Street to suggest the Fed will start its drawdown as soon as this year, which has refocused attention on its $1.75 trillion stash of mortgage-backed securities.

While the Fed also owns Treasuries as part of its $4.45 trillion of assets, its MBS holdings have long been a contentious issue, with some lawmakers criticizing the investments as beyond what’s needed to achieve the central bank’s mandate. Yet because the Fed is now the biggest source of demand for U.S. government-backed mortgage debt and owns a third of the market, any move is likely to boost costs for home buyers. In the past year alone, the Fed bought $387 billion of mortgage bonds just to maintain its holdings. Getting out of the bond-buying business as the economy strengthens could help lift 30-year mortgage rates past 6% within three years, according to Moody’s. Unwinding QE “will be a massive and long-lasting hit” for the mortgage market, said Michael Cloherty at RBC Capital Markets. He expects the Fed to start paring its investments in the fourth quarter and ultimately dispose of all its MBS holdings.

Unlike Treasuries, the Fed rarely owned mortgage-backed securities before the financial crisis. Over the years, its purchases have been key in getting the housing market back on its feet. Along with near-zero interest rates, the demand from the Fed reduced the cost of mortgage debt relative to Treasuries and encouraged banks to extend more loans to consumers. In a roughly two-year span that ended in 2014, the Fed increased its MBS holdings by about $1 trillion, which it has maintained by reinvesting its maturing debt. Since then, 30-year bonds composed of Fannie Mae-backed mortgages have only been about a percentage point higher than the average yield for five- and 10-year Treasuries, data compiled by Bloomberg show. That’s less than the spread during housing boom in 2005 and 2006.

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Don’t know if it’s money supply drying up or debts becoming overwhelming. Not the same thing. But the last paragraphs of the piece are interesting:

When The Money Supply Dries Up (IM)

Whenever the ability to enforce draconian legislation goes into decline, the people of a nation suddenly realise that they’ve been living in fear of a paper tiger. It doesn’t take long before some people choose to defy the system. When they’re seen to succeed, others follow in droves. So, what does this say of the US and its power? Well, as Doug Casey has been known to say, “Countries fall from grace with remarkable speed.” Quite so. On an international level, this means that international leaders will be watching the economic decline of the US closely. Countries such as China and Russia have been loading up on precious metals in preparation for a collapse in fiat currency. In addition, they’ve created their own version of the World Bank, the Asian Infrastructure Investment Bank, and have been hard at work inking deals with other nations for international settlement in currencies other than the dollar.

Most people in the world today cannot remember a time before Bretton Woods, yet they may soon witness the Bretton Woods agreement becoming a dead duck. But, if we extend this premise, we also should be questioning the other constructs of the postwar period that have become dinosaurs. What of the United Nations? This organisation was once meant to be a body for arbitration and world planning, but has in latter decades become a quagmire of bickering and gainsaying—with its decisions rarely being adopted by the nations in question. And yet the US alone pays some $8 billion annually to keep the UN afloat. Surely, when the world at large ceases its willingness to carry further US debt, the US government will jettison the expense for the UN before it cuts either its military spending or its entitlement programmes.

Similarly, NATO, which requires $2.8 billion annually (with only five of its 28 members currently meeting the recommended payments) would experience a similar fate. With the above entities heading south, the Wolfowitz Doctrine, which has since 1992 been the basis of US aggression policy, would become unachievable. In addition to the decline or cessation of the above international adventurism, enforcement of revenue pursuit in the guise of FATCA and OECD schemes would equally suffer from a loss of funding. It would not be a question of whether the empire still wished to squeeze the lemon more than ever before—it would. But once the funds to do so dried up, the US and EU would find themselves in the situation that we currently observe in Venezuela: The money to pay for the enforcement is simply not there anymore.

The decline would begin with bounced cheques, followed by massive layoffs in the enforcement departments, followed by a decline in receipts, necessitating further layoffs, and continuing in a downward spiral. At present, countless people live in fear of the present empires and their ever-increasing efforts at usurpation. However, as history shows, once debt has reached its nadir and begins its rapid fall, so does the empire’s ability to enforce draconian confiscations.

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Army vs veterans?!

Army Corps Of Engineers May Decide On DAPL By Week’s End (BBG)

The U.S. Army may decide by week’s end whether to approve construction of the Dakota Access Pipeline across North Dakota’s Lake Oahe and lands claimed sacred by Sioux Indian tribes. Justice Department lawyer Matthew Marinelli outlined the planned timeline for the Army’s decision to a federal judge in Washington hearing a three-way dispute over the planned path of the Energy Transfer Partners LP-led project. Marinelli didn’t say which way the decision might go. President Donald Trump last month issued a memorandum urging the Army Corps of Engineers to expedite its review of the conduit’s path after the federal agency put the brakes on ETP’s nearly complete $3.8 billion, 1,172-mile conduit for shunting crude from northwestern North Dakota to a Patoka, Illinois, distribution center last year amid protests raised by environmental groups and the Sioux.

[..] While U.S. District Judge James Boasberg, and then a federal appeals court, declined to grant the tribes’ request for an order halting the project, the corps stopped construction anyway, stating it was reconsidering whether to issue easements required for tunneling under the lake bed. Jan Hasselman, lead lawyer for the suing Sioux tribes, told the judge that because the Army Corps had already committed to an environmental impact review of the lake crossing, any easement granted before that analysis is complete “would be unlawful.” The Corps turned the decision to the U.S. Army. The tribes will likely file a second bid to halt the project, citing environmental impact concerns, if the pipeline project gets a U.S. government go-ahead, Hasselman said.

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Now use that to get a deal that actually achieves something.

New Bill Would Block EPA From Regulating Greenhouse Gases (EW)

Republican lawmakers have proposed a bill to curtail the U.S. Environmental Protection Agency’s (EPA) ability to address climate change. The “Stopping EPA Overreach Act of 2017” (HR637) would amend the Clean Air Act so that: “The term ‘air pollutant’ does not include carbon dioxide, water vapor, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, or sulfur hexafluoride.” The bill was introduced by Rep. Gary Palmer (R-Ala.) and has already racked up 114 Republican co-sponsors. Palmer is a climate denier who once said that temperature data used to measure global climate change have been “falsified” and manipulated.

Palmer’s latest proposal would nullify the EPA’s regulation of carbon pollution, stating that “no federal agency has the authority to regulate greenhouse gases under current law” and “no attempt to regulate greenhouse gases should be undertaken without further Congressional action.” Liz Perera, climate policy director at the Sierra Club, told Huffington Post that the resolution would make it nearly impossible for the federal government to fight climate change. “This is the legislative equivalent of trying to ban fire trucks while your house is burning,” she said, adding its sponsors “should be embarrassed for so blatantly ignoring reality and ashamed of themselves for so recklessly endangering our communities.”

[..] Fortunately, the bill does not seem to have any legs. David Doniger, a senior attorney for Natural Resources Defense Council’s climate and clean air program told The Guardian that HR637 does not have much of a chance breaking through a Senate filibuster as Democrats would have near-universal opposition to it and even some moderate Republican Senators would vote against it as well.

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Yes. Annul the wedding. Before someone gets hurt.

Too Late For Couples Therapy? (DiEM25)

For the past seven years, Greece has been stuck in an abusive marriage with its European partners. Of course, she has not been the perfect partner, but who has? No one deserves violence. No one deserves abuse. Everyone deserves hope, and not the delusional “you will be done by 2060, if you can maintain the hilariously unsustainable 3.5% primary budget surplus” kind of hope offered by Mr Schäuble. The hypocrisy and pseudo-morality of European lenders and the IMF is painful. Germany’s “no debt-reduction” stance is particularly exasperating, when that very same country has experienced both the economic, social and political disaster that vindictive, self-righteous hardheadedness can lead to after the Treaty of Versailles in 1919, as well as the miraculous quality of debt-reduction when its own debt was cut by half (!) at the London Debt Agreement of 1953.

The more years pass, the closer Greece and the rest of Europe edge from a post-modern 1919 to a post-modern 1933. And now, with news of Greece’s three-week window to resolve its next instalment before economically imploding – a piece of news which some media outlets appeared surprised about, bless them – many of us cannot help but wonder: when will we get serious about resolving this? The obvious answer is: when there is political will for a resolution. The only place where this seems to be the case is the nation-patient itself. Two summers ago, under remarkable socio-economic pressure, amid capital-controls and an overwhelmingly pro-EU media landscape, 62% of Greeks came out and refused the terms of a third bailout. Anyone with half-an-understanding of economics and finance seems to agree that the current approach to Greek debt is unsustainable economically, socially and politically: all in all, a disaster.

Even the master chef of the entire travesty, the IMF, has come out and admitted that neo-liberalism and austerity simply do not work. So what are we waiting for? Why are millions of Europeans still suffering under utterly misguided political and economic dogmas? Quite simply because to admit defeat at this point would mark the end of a number of powerful careers. Having poisoned European voters against the lazy PIIGS, it would be nothing short of political suicide to turn around and give in to Greek demands. When would be the next electoral victory in Europe for austerity’s architects if it was revealed that the years of financial and social suffering was a pointless self-inflicted wound with only negative economic results?

So it is becoming increasingly obvious that Greece has to work its own way out of this mess. At this stage, that means an immediate halt of repayments to lenders; a stance that will either force its partners to a vital debt-reduction, or will lead the country to an exit from the Euro. With Germany (in clear breach of EU rules) stubbornly maintaining its 9% budget surplus and refusing to increase imports, Europe is at an impasse, and no one is hurt more by this than Greece. Although the former outcome would be preferred – avoiding to rock the European boat at a time of major global instability is a major plus – the latter is still preferable to the status quo.

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Translation of Greek article by Varoufakis I posted about earlier.

Varoufakis: Tsipras Should Prepare To Break Deal With Greece’s Creditors (FR)

Through a recent article at the Efimerida ton Syntakton (Newspaper of Editors), the former Minister of Finance of Greece, Yanis Varoufakis, referred to Tsipras retreat against Greece’s creditors and called him to prepare seriously this time, to break the destructive continuous agreements. As Varoufakis wrote among other things: The night of the Greek referendum, I tried hard to explain to the Greek PM that the submission of Greece to the third memorandum was Schäuble’s real plan (not Grexit). In reality, there was no hope that the 3rd toxic “program” for Greece would be rationalized progressively through the support of the European Commission to Athens. Meaning, there was no hope that IMF’s austerity and anti-social measures could be softened.

The fact that Moscovici, Juncker, Sapin and others made such promises, is no excuse because the Greek government knew since May 2015 that these people know how to tell lies, or, they are unable to keep their promises when they don’t lie. Suddenly, the Schäuble-IMF-ECB attacked on Greece, demanding exhausting measures, while Merkel-Hollande-Commission didn’t do anything. Tsipras then retreated for one more time in order to “save” Greece. This was Schäuble’s plan. With his stance, Tsipras sank Podemos, made an approach with the collapsing (ethically and politically) Social Democracy, disappointed the progressive Europeans. And all these happened at the same time where nationalism triumphs everywhere.

Tsipras promises, one more time, that he will not retreat (this time!) by legislating new austerity even after 2018. If he means it, I remind him what we had agreed that is necessary and which – even today – is the only thing that may prevent the worst things to come. Prepare for unilateral restructuring of Greek bonds held by the ECB, which must be repaid in July (and after). Prepare the electronic system of transactions through Taxisnet which I had designed, I had started building it and even announced it to the new Minister of Finance, Euclid Tsakalotos, when I delivered the Ministry. Therefore, if indeed the Greek PM means it this time that he will not retreat, he should prepare for breaking the deal with the creditors, so that to prevent it. The design of a parallel system for payments is ready since 2014, as he knows.

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Make it stop!

Rare Split On IMF Board Puts Greek Bailout At Risk (MW)

Some members of the IMF are growing concerned with the terms of Greece’s bailout program, fueling fears the fund might pull out of the much-needed rescue plan for the country. The IMF’s annual review of the Greek economy published on Tuesday revealed a rare split among its board members, showing they are in disagreement over the austerity measures imposed on Athens and over the country’s huge debt burden. The report said that “most” of the 24 IMF executive directors agreed Greece is on track to reach a fiscal surplus of 1.5% of GDP. It said Athens does “not require further fiscal consolidation at this time, given the impressive adjustment to date.” However, some of the board members argued that Greece still needs to bring the surplus up to 3.5%, as agreed in the last bailout in 2015.

“Most Executive Directors agreed with the thrust of the staff appraisal, while some Directors had different views on the fiscal path and debt sustainability,” the IMF said in the assessment. The IMF usually keeps its deliberations confidential, so any differences on the board are rarely exposed to the public. The yield on 10-year Greek government debt surged 26 basis points after the report on Tuesday to 7.925%, according to electronic trading platform Tradeweb. Economists consider borrowing costs above 7% unsustainable in the long term.

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This is getting sadistic.

Greece Won’t Meet Fiscal Surplus Targets Set By Europe, IMF Says (BBG)

Greece is on track to fall short of budget-surplus targets set under a bailout by the nation’s euro-zone creditors, the IMF said. Greece’s primary budget surplus will rise to 1.5% over the long run from about 1% last year, amid a modest recovery, the IMF said Monday after executive directors met to discuss the fund’s annual assessment of the nation’s economy. Still, the projected surplus falls short of the 3.1% forecast by the country’s European creditors. The fund reiterated its view that Greece’s debt is unsustainable. Most of the executive directors don’t believe the economy needs more fiscal consolidation, the IMF said. The IMF has said it would consider giving Greece a new loan to supplement the 86 billion euros ($92 billion) it’s receiving from euro-area countries, but only if the nation’s debt-reduction plans are credible.

Greece’s European creditors also want the IMF to sign off before disbursing the next tranche of the euro-zone bailout. Greece’s government debt will reach 275% of its gross domestic product by 2060, when its financing needs will represent 62% of GDP, the IMF said in a draft staff report obtained by Bloomberg last month. Public debt will reach 181% of GDP this year, the IMF projected Monday. Greece’s economy is expected to grow 2.7% this year, up from 0.4% in 2016, the fund said. However, long-run growth is expected to slip to about 1%, the IMF predicts. The IMF’s assumptions aren’t based in reality and don’t take into account the reform of Greece’s public finances, according to a European Union official who spoke on condition of anonymity because the discussions are sensitive.

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Yeah, sure, add some more crap. For some reason this makes me think of George Clinton: “Do Fries Come With That Shake?”

Third Quake Over 5-Richter Magnitude Rattles Lesbos (K.)

Seismologists in Greece are keeping a close eye on activity in the eastern Aegean, as a third quake in 24 hours measuring above 5 Richter rattled the area in the early hours of Tuesday. The tremor hit at 4.24 a.m. and measured 5.3 on the Richter scale, according to the Geodynamic Institute in Athens, with the epicenter located 15 kilometers north of Lesvos. With a depth of just 10 kilometers, the quake was felt quite strongly on the Greek islands of Lesvos and Chios. Seismologist Efthimios Lekkas on Monday said two tremors – with a magnitude of 5.1 and 5.3 respectively – were not linked to the North Anatolian Fault Line, the source of powerful quakes in the past.

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Jan 252017
 
 January 25, 2017  Posted by at 11:16 am Finance Tagged with: , , , , , , , , , ,  13 Responses »


Jack Delano Family of Dennis Decosta, Portuguese Farm Security Administration client 1940

US Demoted To ‘Flawed Democracy’ (CNBC)
David Stockman: Prepare for Fiscal Bloodbath, Not Fiscal Stimulus (DR)
Donald Trump Claims ‘Environmentalism Is Out Of Control’ (Ind.)
Trump Administration Seeks To Muzzle US Agency Employees (R.)
Trump Poised To Build Wall, Ban Many Middle East Immigrants (WSJ)
Trump Pins Keystone, Dakota Pipeline Fate on Renegotiation (BBG)
Pricier Oil Means China’s Foreign Reserves Will Shrink Even Faster (BBG)
A $90 Billion Wave of Debt Shows Cracks in US Real Estate Boom (BBG)
A New Deal to Save Europe (Varoufakis)
The European New Deal (Varoufakis)
Karl Rove’s Prophecy (Unz)
Bumblebee Added to US Endangered Species List (VoA)
Half Of Families In Greece Live On Pensions (Kath.)
Cold Weather Reignites Fears For Refugees Poorly Sheltered In Greece (G.)

 

 

“..Washington can’t point fingers at President Donald Trump for the nation’s downgrade. “The U.S. has been teetering on the brink of becoming a flawed democracy for several years..”

US Demoted To ‘Flawed Democracy’ (CNBC)

The U.S. has been demoted from a full democracy to a flawed democracy for the first time, according to the Economist Intelligence Unit (EIU). Every year, the firm’s Democracy Index provides a snapshot of global democracy by scoring countries on five categories: electoral process and pluralism; civil liberties; the functioning of government; political participation; and political culture. Nations are then classified under four types of governments: full democracy, flawed democracy, hybrid regime and authoritarian regime.America’s score fell to 7.98 last year from 8.05 in 2015, below the 8.00 threshold for a full democracy, the EIU announced in a report on Wednesday. That put the world’s largest economy on the same footing as Italy, a country known for its fractious politics.

A flawed democracy is a country with free elections but weighed down by weak governance, an underdeveloped political culture and low levels of political participation, according to the EIU. Other flawed democracies in 2016 included Japan, France, Singapore, South Korea and India, the report said. However, Washington can’t point fingers at President Donald Trump for the nation’s downgrade. “The U.S. has been teetering on the brink of becoming a flawed democracy for several years, and even if there had been no presidential election in 2016, its score would have slipped below 8.00,” the report explained. Instead, dwindling trust in government, elected representatives and political parties is to blame.

“Trust in political institutions is an essential component of well-functioning democracies. Yet surveys by Pew, Gallup and other polling agencies have confirmed that public confidence in government has slumped to historic lows in the U.S. This has had a corrosive effect on the quality of democracy,” the report found. As other developed countries experience a similar trust deficit, contemporary democracy is undergoing a crisis, the EIU said. The increasing role played by non-elected technocrats, increased voter abstention and curbs on civil liberties are among the main symptoms of this global malaise, the EIU said, noting that almost half of the 167 countries covered by its index registered a decline in overall scores between 2006 and 2016.

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“The Congressional Budget Office (CBO) baseline says there will be no recession through 2026. That is 206 months. The longest one we have ever had is about 100 months, under a much better circumstance.”

David Stockman: Prepare for Fiscal Bloodbath, Not Fiscal Stimulus (DR)

“I have lots of hope and zero faith.” “Somehow the idea that Donald Trump is the second coming of Ronald Reagan has gotten in the mix. Wall Street has priced it in. It is just completely wrong.” David Stockman served within the Ronald Reagan administration as the director of the Office of Management and Budget from 1981-1985 and is a two term Congressman. Stockman is also the recent bestselling author of Trumped! His book hits at the heart of exactly what the incoming administration must do in order to correct the dangerous direction toward financial turmoil. Cavuto then pressed on fiscal stimulus and the Reagan approach, where Stockman replied, “We are not going to get big tax cuts. We are in a diametrically different position. In 1980 the public debt was $930 billion, that was 30% of GDP.

There was huge running room and an open balance sheet for the accidental Keynesian stimulus. This resulted from the tax cuts and the defense increase, along with a massive deficit.” “Ronald Reagan actually increased the public debt by $1.8 trillion, or two times more than had been generated by the first 39 presidents.” “Today we have used that all up. We are at $20 trillion of debt.” “The base case forecast is so optimistic, such a rosy scenario, that they are going to need reflow of extra economic growth to get back to where they started. The Congressional Budget Office (CBO) baseline says there will be no recession through 2026. That is 206 months. The longest one we have ever had is about 100 months, under a much better circumstance.”

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Yeah, we need more cars…

Donald Trump Claims ‘Environmentalism Is Out Of Control’ (Ind.)

President Donald Trump has claimed that “environmentalism is out of control”. Mr Trump spent the morning meeting with auto executives as part of a push to bring jobs back to the US. Mr Trump told his guests at the White House that he was looking to ease regulations to help car companies and other businesses wishing to operate in the US. Among the attendees at the breakfast meeting were Ford chief executive Mark Fields, Fiat Chrysler chairman Sergio Marchionne and General Motors chief executive Mary Barra. Mr Trump called on car firms to increase production in the United States and boost American employment, adding that he hoped to see new auto plants built in the country. “We have a very big push on to have auto plants and other plants,” Mr Trump said.

Mr Trump has repeatedly criticised companies for building cars in Mexico and elsewhere and has threatened to impose 35 per cent tariffs on imported vehicles. The President often singled out Ford’s Mexico investments for criticism during his election campaign. The gathering was the first time the CEOs of the big three car makers have met jointly with a US president since a July 2011 session with former president Barack Obama to highlight a deal to raise fuel efficiency standards to 54.5 miles per gallon by 2025. White House spokesman Sean Spicer said on the eve of the meeting that Mr Trump was looking forward to meeting the CEOs and “hearing their ideas about how we can work together to bring more jobs back to this industry”.

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This will only lead to more publicity.

Trump Administration Seeks To Muzzle US Agency Employees (R.)

U.S. President Donald Trump’s administration has moved since he took office last week to curb the flow of information from several government agencies involved in environmental issues, in actions that may have been designed to discourage dissenting views. Employees at the Environmental Protection Agency, the Interior Department, the Department of Agriculture and the Department of Health and Human Services (HHS) have seen directives from the newly minted leadership seeking to limit how they communicate to the public, according to multiple sources. The moves have reinforced concerns that Trump, a climate change doubter, could seek to sideline scientific research showing that carbon dioxide emissions from burning fossil fuels contributes to global warming, as well as the career staffers at the agencies that conduct much of this research.

All of the agencies affected by the actions have some input on issues related to the environment and have been involved in various efforts related to climate change, including effects on natural resources and human health. On Tuesday, a source at the EPA said that staff had been told by members of the Trump administration not to speak to reporters or publish any press releases or blog posts on social media. EPA staff have also been asked not to publicize any talks, conferences, or webinars that had been planned for the next 60 days, the staffer said, asking not to be named. Asked if the EPA had been gagged, White House press secretary Sean Spicer said on Tuesday: “I don’t know … we’re looking into it. … I don’t think it’s a surprise we’re going to review the policies, but I don’t have any info at this time.”

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No surprise here. That may come when these things become real.

Trump Poised To Build Wall, Ban Many Middle East Immigrants (WSJ)

President Donald Trump was set to announce plans to expedite construction of his promised wall along the Mexican border, and was preparing orders banning entry to the U.S. of people from countries deemed risky and suspending the U.S. refugee program, people familiar with the planning said. Trump planned to travel Wednesday to the Department of Homeland Security, where he said he would be announcing his border security plans. Trump has given few details about his promise for a border wall, a project that is estimated to cost at least $10 billion and possibly much more.

Congressional Republicans have been mulling appropriating funds in spending legislation that must pass by April to keep the government funded, but Trump may be able to divert funds from other projects to begin work sooner. The other executive actions on immigration were possible for later in the week. That includes a ban on entry, which was expected to include Iraq, Iran, Syria, Yemen, Somalia, Sudan and Libya, one person familiar with the planning said. During his presidential campaign, Trump initially said he would ban entry by Muslims but later modified his proposal to call for suspending visas to people from any place “where adequate screening cannot occur.”

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“White House spokesman Sean Spicer cast that possible renegotiation of the Dakota Access project as a way to address concerns by stakeholders, including the Standing Rock Sioux Tribe..”

Trump Pins Keystone, Dakota Pipeline Fate on Renegotiation (BBG)

President Donald Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines, while demanding a renegotiation to get a better deal for the U.S. government. Trump stopped short of green lighting construction on either pipeline but put a deadline on the government’s review of TransCanada’s proposed Keystone XL to transport Alberta oil sands crude to U.S. refineries. Trump also announced policies to encourage the use of American-made products in U.S. pipeline projects and to curtail federal environmental reviews for major infrastructure projects. “If we’re going to build pipelines in the United States, the pipes should be made in the United States,” Trump said.

The moves, taken on Trump’s fourth full day in office, are a major departure from the Obama administration, which rejected the Keystone proposal in 2015 and has kept Dakota Access blocked since September. Environmentalists, concerned about climate change and damage to water and land, now face an executive branch that’s less sympathetic to their efforts. For the oil industry, it heralds more freedom to expand infrastructure and ease transportation bottlenecks. White House spokesman Sean Spicer cast that possible renegotiation of the Dakota Access project as a way to address concerns by stakeholders, including the Standing Rock Sioux Tribe, which is concerned about Native-American cultural sites and the safety of its water supply.

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As I said a while ago: throw in a major devaluation and see what you get then.

Pricier Oil Means China’s Foreign Reserves Will Shrink Even Faster (BBG)

Much focus is on how China’s capital outflows will impact the world’s biggest pile of foreign-exchange reserves, but another issue in need of attention here is the rally in crude, argues Goldman Sachs. In a country where oil prices play “a disproportionate role” in the balance of payments – and China’s crude output is forecast to fall as much as 7% this year – the commodity’s bullish outlook poses a serious threat to reserves that have already shrunk more than 20% in the past two years. “The outlook for the balance of payments has deteriorated from a year ago, because oil prices are now on an upward trajectory, which could push the current-account surplus to around $200 billion this year, down from $331 billion as recently as 2015,” Goldman analysts Robin Brooks and Michael Cahill wrote in a Jan. 23 note.

That 40% slump is part of the picture for reserves, which contracted to $3.01 trillion at the end of 2016 from a record $3.99 trillion in mid-2014. A stronger dollar will also drive outflows. Goldman estimates the greenback will strengthen 15% by the end of 2019 against its major developed-market peers, so China is likely to keep weakening its currency fixing to maintain stability. The analysts reckon this could trigger a renewed pick-up in capital flight, which abated to $532 billion in 2016 from $736 billion in 2015. China even registered net inflows via its capital and financial accounts in December for the first time for 1 1/2 years.

Still, Goldman sees capital outflows slowing this year to $500 billion, and it expects reserve losses to accelerate to $394 billion from $369 billion in 2016 because the deterioration in the current account, led by surging oil prices, is “so sizable.”

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Like this: “Extremely low interest rates over the last four or five years have forgiven a lot of sins.”

A $90 Billion Wave of Debt Shows Cracks in US Real Estate Boom (BBG)

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market. It’s getting harder for landlords who rely on borrowed cash to find new loans to pay off the old ones, leading to forecasts for higher delinquencies. Lenders have gotten choosier about which buildings they’ll fund, concerned about overheated prices for properties from hotels to shopping malls, and record values for office buildings in cities such as New York. Rising interest rates and regulatory constraints for banks also are increasing the odds that borrowers will come up short when it’s time to refinance. “There are a lot more problem loans out there than people think,” said Ray Potter, founder of R3 Funding, which arranges financing for landlords and investors. “We’re not going to see a huge crash, but there will be more losses than people are expecting.”

The winners and losers of a lopsided real estate recovery will be cemented as the last vestiges of pre-crisis debt clear the system. While Manhattan skyscraper values have surged 50% above the 2008 peak, prices for suburban office buildings still languish 4.8% below, according to an index from Moody’s Investors Service and Real Capital Analytics Inc. Borrowers holding commercial real estate outside of major metropolitan areas are now feeling the pinch as they attempt to secure fresh financing, Potter said. The delinquency rate for commercial mortgages that have been packaged into bonds is forecast to climb by as much as 2.4 percentage points to 5.75% in 2017, reversing several years of declines, as property owners struggle with maturing loans, according to Fitch Ratings. That sets the stage for bondholder losses.

Banks sold a record $250 billion of commercial mortgage-backed securities to institutional investors in 2007, and lax lending standards enabled landlords across the U.S. to saddle buildings with large piles of debt. When credit markets froze the following year, Wall Street analysts warned of a cataclysm, with $700 billion of commercial mortgages set to mature over the next decade. “At the depths of the panic, it was just that: panic,” said Manus Clancy, a managing director at Trepp, a firm that tracks commercial-mortgage debt. “That made people’s future expectations extremely bearish. Extremely low interest rates over the last four or five years have forgiven a lot of sins.”

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Yanis ignores the role the decline of growth plays. That is a shame.

A New Deal to Save Europe (Varoufakis)

“I don’t care about what it will cost. We took our country back!” This is the proud message heard throughout England since the Brexit referendum last June. And it is a demand that is resonating across the continent. Until recently, any proposal to “save” Europe was regarded sympathetically, albeit with skepticism about its feasibility. Today, the skepticism is about whether Europe is worth saving. The European idea is being driven into retreat by the combined force of a denial, an insurgency, and a fallacy. The EU establishment’s denial that the Union’s economic architecture was never designed to sustain the banking crisis of 2008 has resulted in deflationary forces that delegitimize the European project. The predictable reaction to deflation has been the insurgency of anti-European parties across the continent.

And, most worrying of all, the establishment has responded with the fallacy that “federation-lite” can stem the nationalist tide. It can’t. In the wake of the euro crisis, Europeans shudder at the thought of giving the EU more power over their lives and communities. A eurozone political union, with a small federal budget and some mutualization of gains, losses, and debt, would have been useful in 1999, when the common currency was born. But now, under the weight of massive banking losses and legacy debts caused by the euro’s faulty architecture, federation-lite (as proposed by French presidential hopeful Emmanuel Macron) is too little too late. It would become the permanent Austerity Union that German Finance Minister Wolfgang Schäuble has sought for years. There could be no better gift to today’s “Nationalist International.”

Simply put, progressives need to ask a straightforward question: Why is the European idea dying? The answers are clear: involuntary unemployment and involuntary intra-EU migration. Involuntary unemployment is the price of inadequate investment across Europe, owing to austerity, and of the oligopolistic forces that have concentrated jobs in Europe’s surplus economies during the resulting deflationary era. Involuntary migration is the price of economic necessity in Europe’s periphery. The vast majority of Greeks, Bulgarians, and Spaniards do not move to Britain or Germany for the climate; they move because they must. Life for Britons and Germans will improve not by building electrified border fences and withdrawing into the bosom of the nation-state, but by creating decent conditions in every European country.

And that is precisely what is needed to revive the idea of a democratic, open Europe. No European nation can prosper sustainably if other Europeans are in the grip of depression. That is why Europe needs a New Deal well before it begins to think of federation. In February, the DiEM25 movement will unveil such a European New Deal, which it will launch the next month, on the anniversary of the Treaty of Rome. That New Deal will be based on a simple guiding principle: All Europeans should enjoy in their home country the right to a job paying a living wage, decent housing, high-quality health care and education, and a clean environment.

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The practical measures in Yanis’ ’manifesto’.

The European New Deal (Varoufakis)

The European New Deal should include five precise goals and the means to achieve them under existing EU treaties, without any centralization of power in Brussels or further loss of sovereignty:

· Large-scale green investment will be funded by a partnership between Europe’s public investment banks (the European Investment Bank, KfW, and others) and central banks (on the basis of directing quantitative easing to investment project bonds) to channel up to 5% of European total income into investments in green energy and sustainable technologies.

· An employment guarantee scheme to provide living-wage jobs in the public and non-profit sectors for every European in their home country, available on demand for all who want them. On condition that the scheme does not replace civil-service jobs, carry tenure, or replace existing benefits, it would establish an alternative to choosing between misery and emigration.

· An anti-poverty fund that provides for basic needs across Europe, which would also serve as the foundation of an eventual benefits union.

· A universal basic dividend to socialize a greater share of growing returns to capital.

· Immediate anti-eviction protection, in the form of a right-to-rent rule that permits homeowners facing foreclosure to remain in their homes at a fair rent set by local community boards. In the longer term, Europe must fund and guarantee decent housing for every European in their home country, restoring the model of social housing that has been dismantled across the continent. Both the employment scheme and the anti-poverty program should be based on a modern version of an old practice: public banking for public purpose, funded by a pragmatic but radical currency reform within the eurozone and the EU, as well as in non-EU European countries. Specifically, all seigniorage profits of central banks would be used for these purposes.

In addition, an electronic public clearing mechanism for deposits and payments (outside the banking system) would be established in each country. Tax accounts would serve to accept deposits, receive payments, and facilitate transfers through web banking, payment apps, and publicly issued debit cards. The working balances could then be lent to the fund supporting the employment and anti-poverty programs, and would be insured by a European deposit insurance scheme and deficits covered by central bank bonds, serviced at low rates by national governments. Only such a European New Deal can stem the EU’s disintegration.

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“We’re an empire now, and when we act, we create our own reality.”

Karl Rove’s Prophecy (Unz)

In a famous exchange between a high official at the court of George W. Bush and journalist Ron Suskind, the official – later acknowledged to have been Karl Rove – takes the journalist to task for working in “the reality-based community.” He defined that as believing “that solutions emerge from your judicious study of discernible reality.” Rove then asserted that this was no longer the way in which the world worked: “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality – judiciously, as you will – we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.” (Ron Suskind, NYTimes Magazine, Oct. 17, 2004).

This declaration became popular as an illustration of the hubris of the Bush-Cheney government. But we could also see it as fulfilled prophecy. Fulfilled in a manner that no journalist at that time would have deemed possible. Yes, the neoconservatives brought disrepute upon themselves because of the disaster in Iraq. Sure, opposition to the reality Rove had helped create in that devastated country became a first rung on the ladder that could lead to the presidency, as it did for Barack Obama. But the neocons stayed put in the State Department and other positions closely linked to the Obama White House, where they became allies with the liberal hawks in continuing ‘spreading democracy’ by overthrowing regimes. America’s mainstream news and opinion purveyors, without demurring, accommodated the architects of reality production overseen by Dick Cheney.

[..] publications that used to be rightly known as quality newspapers have turned into unreadable rags. The newspaper that was my employer for a couple of decades used to be edited on the premise that its correspondents rather than authorities were always correct in what they were saying. Today greater loyalty to the reality created in Washington and Langley cannot be imagined. For much of northern Europe the official story that originates in the United States is amplified by the BBC and other once reliable purveyors of news and opinion like the Guardian, the Financial Times and the (always less reliable) Economist.

[..] How could Rove’s predictions so totally materialize? There’s a simple answer: ‘they’ got away with momentous lies at an early stage. The more authorities lie successfully the more they are likely to lie again in a big way to serve the purposes of earlier lies. The ‘they’ stands for those individuals and groups in the power system who operate beyond legal limits as a hydra-headed entity, whose coordination depends on the project, campaign, mission, or operation at hand. Those with much power got away with excessive extralegal use of it since the beginning of this century because systems of holding the powerful to account have crumbled on both sides of the Atlantic. Hence, potential opposition to what the reality architects were doing dwindled to almost nothing. At the same time, people whose job or personal inclination leads them to ferret out truth were made to feel guilty for pursuing it.

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Your children’s children are going to love you for this.

Bumblebee Added to US Endangered Species List (VoA)

A small insect is getting a lot of attention in the United States. The rusty patched bumblebee is the first of its species to be declared endangered in the lower 48 states – meaning every state except Alaska and Hawaii. The rusty patched bumblebee is named for a rust-colored line on its back. The U.S Fish and Wildlife Service announced this month it was adding the bee to its endangered species list. The insects are “on the brink of extinction,” according to the service. It said the bees were once found in 28 states. But there now are only small populations remaining in 13 states. The government agency will make a plan to help the dying bees recover. The agency said that such a plan might help other insects, like butterflies.

U.S. officials think land owners can take small steps to help the rusty patched bumble bee. They say land owners can be friendlier towards bees by using native plants in their gardens. The insects directly fertilize many kinds of fruit and vegetable crops. And they fertilize grain crops used to feed cattle and milk cows. It costs billions of dollars to duplicate the job the bees do for free. Land owners are also being urged to cut back on their use of pesticide products. The officials also suggest that gardeners leave their plants alone at the end of the summer instead of cutting them. That way, the bees will have a place to live over the winter. The Fish and Wildlife Service says the rusty patched bumblebee was added to the endangered species list partly because of habitat loss. Other reasons were disease, pesticides and climate change.

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It gets worse by the day.

Half Of Families In Greece Live On Pensions (Kath.)

Greek society is evolving into a sum of households surviving on pensions while its most dynamic section, young people aged between 18 and 35, are abandoning it or considering abandoning it to seek a better life abroad, a survey by the Small Enterprises Institute of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has concluded. The report published on Tuesday suggests that the long-term financial crisis, whose main victims are the middle class, is not only leading to a further decline in incomes and the broadening of inequalities, but also openly threatening social cohesion. The so-called therapy, with its constantly increasing direct and indirect taxes, may lead to primary budget surpluses but this is not returned to taxpayers in the form of public services, as at the same time public spending on health and education is also being reduced.

The survey, conducted between November 14 and 26, used a sample of 1,000 households across Greece. It found that more than three-quarters of households (75.3%) had endured significant declines in their income in 2016. Crucially, 37.1% of households said that they live on less than €10,000 per year, while 49.2% said that their main source of income is pensions. This was actually higher in December 2014 (at 52%), and the small decline is attributed to the cuts in pensions. Salaries are the main source of revenues for 37.9% of households, up from 37.3% in the 2015 survey, while 9% said that they mainly rely on incomes from businesses.

Almost one in every three households has an unemployed member, which amounts to 1.1 million households, while the long-term unemployed amount to 73.3% of all jobless. Financial problems are not limited to the unemployed though, as 22.4% of households also include an employee who earns less than the minimum monthly salary of €586 gross. No wonder 9.7% of respondents said at least one member of their family has left the country.

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The entire aid industry must be overhauled, from EU to NGOs and ‘charities’, or this will continue. Brussels likes the agony because it thinks it’s a deterrent, the NGOs are profit seekers. The model is completely broken.

Cold Weather Reignites Fears For Refugees Poorly Sheltered In Greece (G.)

A new bout of cold weather across southern Europe has reignited fears for thousands of refugees and migrants sheltered in deplorable conditions in Greece. Forecasts of freezing temperatures have also been met with trepidation by international agencies, aid groups and local mayors on islands. “Thousands of people are poised to suffer needlessly in conditions that are becoming increasingly desperate,” said Eva Cossé at Human Rights Watch. “Europe’s failed policies have contributed to immense suffering for people warehoused on the Greek islands.” Greece was the focus of public outcry this month after shocking footage emerged of refugees on Lesbos living in flimsy, snow-swamped tents as an arctic blast sent temperatures plummeting to -14C.

The outcry prompted the government to dispatch a naval ship to temporarily house up to 500 people detained at the island’s vastly overcrowded Moria reception centre. Others were moved into heated containers, hotel rooms and apartments. But the measures have proved inadequate and with more severe weather on the way officials, volunteers and human rights defenders fear the worst. Sub-zero temperatures are expected by Thursday. Since the closure of the Balkan route into Europe, more than 62,000 men women and children have been trapped in Greece, according to government figures. Every day a steady trickle continues to arrive on rickety boats from Turkey, placing increasing pressure on Lesbos and other eastern Aegean islands close to the Asia Minor coast. “It is not much talked about, but this month alone 900 people have reached Greece,” said Gianmaria Pinto, country director of the Norwegian Refugee Council.

“Right now I am on Chios and in one camp there are people living on the beach, in small tents, exposed to the wind and rain. They should be moved to better and more humane conditions and the structures and opportunity for that are only on the mainland.” Under a controversial deal agreed by the EU and Turkey to curb an influx that surpassed a million people in 2015, Greek authorities last year accepted the introduction of a policy of containment in order to process asylum seekers at accelerated rates. By restricting refugees to islands it was hoped “secondary movement” into Europe could be reduced and those undeserving of asylum easily repatriated to Turkey. Instead, the policy has backfired with thousands of refugees being forced to endure dire conditions in overcrowded camps while their asylum requests are processed slowly. Many have been in the facilities since March when the EU-Turkey accord was signed.

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