Sep 052024
 
 September 5, 2024  Posted by at 8:41 am Finance Tagged with: , , , , , , , , , ,  75 Responses »


René Magritte Pandora’s box 1951

 

Tyranny Is Closer Than You Realize (Paul Craig Roberts)
Popular Conservatives Tricked Into $10M Russian Influence Campaign: DOJ (ZH)
US Justice Department Reveals Legal Action Against RT (RT)
Biden To Take ‘Law Enforcement Action’ Against RT – CNN (RT)
Persecution of Sputnik, RT Contributors Highlights US Hypocrisy (Sp.)
Harris Denounced Unfettered Free Speech in 2019 CNN Interview (Turley)
Fake News Now At Peak As Kamala Faces CNN “interview” (Jay)
Harris-Walz: The Ticket Of COVID Tyranny (Rich)
Trump To Fight Revamped J6 Charges (RT)
Zelensky Vows To ‘Hold’ Occupied Russian Territory (RT)
Ukraine ‘Weaponizing’ Religion – Church of Jerusalem (RT)
Rothschild Helped Ukraine Clinch Debt Restructuring – Reuters (RT)
‘Looming Threat’ From Russia Sparks ‘Major Rethink’ Of EU Defense Policy (RT)
Starlink Agrees To Comply With Brazil’s Orders To Block X (ZH)
Pavel Durov – Freedom To Play Fool, Stock Speculator, Fraudster (Helmer)
Mongolia Showed Its Greatness To The World (SCF)
Truth is being Removed from the Western World (Paul Craig Roberts)

 

 

 

 

Emerald

 

 

Hawley

 

 

SAVE Act
https://twitter.com/i/status/1831010091849421005

 

 

Vivek
https://twitter.com/i/status/1831180765234655471

 

 

Trump Nordstream

 

 

Trump Fridman

 

 

 

 

Will they try to lock him up for a year, 6 weeks before the election?

Tyranny Is Closer Than You Realize (Paul Craig Roberts)

It is strange that there is no discussion of it, but in two weeks and one day on September 18 Donald Trump, the Republican candidate for president in the November election in two months, is scheduled by a corrupt Democrat “judge” to be sentenced for 34 felony counts pulled out of thin air by a corrupt Democrat prosecutor for how Trump’s accountants reported an expense. Trump’s accountants reported the expense as a legal expense, which was a reasonable classification of the expense, but the corrupt Democrat prosecutor said it was a campaign contribution by Trump to his own campaign and that by reporting it as a legal expense he is guilty of interfering in the election. It is this absurd personal opinion of the corrupt Democrat prosecutor–are there any Democrat prosecutors who are not corrupt?– that turned a non-issue of how an expense was reported into 34 felony charges.

In fact, there is only one charge. But the corrupt Democrat prosecutor wrote it up 34 different times in order to create an appearance of large scale crime. Few jurors have the intelligence to see the wool being pulled over their eyes, especially when all they hear from the whore media is that Trump is a criminal and a threat to democracy, a traitor to America, a Russian agent, an insurrectionist, and so on. No one in the whore American media tells them any different. What is the Democrat judge going to do on September 18? I can’t say that I know. If common sense were involved, the Democrat judge would have set the sentencing date after the election, or he would issue a suspended sentence. But common sense is not part of the script. According to the scuttlebutt, the Democrat Justice (sic) Department has decided on a one year prison sentence.

According to the scuttlebutt the Democrat Justice (sic) Department has been working it out with Rikers prison a way of accommodating Trump’s Secret Service protection that is required by federal law for former presidents 24/7. Whether the Secret Service will do any better job of protecting Trump in prison than they did at his Pennsylvania rally is the open question. The puzzling aspect of the September 18 sentencing is why bother? All of the theft mechanisms used in the swing states to deny Trump his 2020 victory have been legalized. In the swing states it is now legal to steal the election, so why bother sentencing Trump? Is it chaos that the elite want? Are the tyrannical elite hoping that Trump’s imprisonment will cause people to pour into the streets, thus permitting the Democrat regime to declare an insurrection and arrest all Republican members of Congress, all Republican governors, and all Republican state legislatures?

Will torture uncover a plot and lead to the arrest and detention of all white conservatives and registered Republican voters in detention camps that already exist, allegedly for hurricane victims? It would happen so fast that there would be no chance of organized resistance. I agree, this sounds far-fetched, so what is the point of the sentencing? Justice? From Democrats? What a joke!! Democrats care nothing for justice. They are after power. At all costs. One would think that the issue of one political party sentencing the presidential candidate of the other political party to prison six weeks prior to the election would be a major issue dominating the news and public discussion. But it is not. There is no information. Only scuttlebutt.

Read more …

They allegedly paid them well.

Popular Conservatives Tricked Into $10M Russian Influence Campaign: DOJ (ZH)

The DOJ has accused several conservative influencers of unwittingly working for a Kremlin-funded media outlet. A federal indictment unsealed on Wednesday alleges that a Tennessee-based media company, later identified as Tenet Media, received nearly $10 million from employees of Russian state-backed media company, Russia Today (RT), as part of “a scheme to create and distribute content to U.S. audiences with hidden Russian government messaging.” The DOJ claims that RT and two of its employees – Kostiantyn “Kostya” Kalashnikov and Elena “Lena” Afanasyeva – worked to funnel money to Tenet Media as part of a series of “covert projects” aimed at shaping narratives within Western audiences. The indictment specifically notes that the influencers – including Tim Pool, Benny Johnson, Dave Rubin and Lauren Southern – had no idea they were taking Russian money, and were deceived.

They were told by Tenet founder Lauren Chen – who allegedly knew the true source of the funds – that the money was from a wealthy private investor named “Eduard Grigoriann.” At least one of the influencers asked for a profile on Grigoriann before signing a contract – and was given a fabricated one-page profile. This was apparently sufficient, as two of the commentators (believed to be Tim Pool and Benny Johnson) signed contracts which paid Pool $100,000 per podcast, while Johnson was paid $400,000 per month plus a $100,000 signing bonus for “four weekly videos.” While Pool and Johnson have issued statements (below), it’s been pointed out that Lauren Chen has recently been trying to divide Donald Trump’s base…

In a Wednesday statement on X, Pool says that should the allegations prove true, “I as well as the other personalities and commentators were deceived and are victims,” and ends by telling haters to “eat my irish ass.” Johnson says “Our lawyers negotiated a standard, arms length deal, which was later terminated,” adding “We are disturbed by the allegations in today’s indictment, which make clear that myself and other influencers were victims in this alleged scheme.” We’re sure the timing of this, two months before the election, was a total coincidence. How long has the DOJ been sitting on this? Why did it drop a day after we learned that a Chinese spy was working for NY Gov. Kathy Hochul, or that Poole was going to sue Kamala Harris for defamation?

Read more …

“..trick Americans into unwittingly consuming foreign propaganda.”

US Justice Department Reveals Legal Action Against RT (RT)

The US Department of Justice has charged two Russians it identifies as RT employees with money laundering and working as foreign agents for their alleged role in pushing video content that sowed “discord and division” in the US. In a criminal indictment unsealed on Wednesday, US prosecutors claimed that Konstantin Kalashnikov and Elena Afanasyeva financed and directed a Tennessee-based production company that published English-language videos to various social media platforms aimed at amplifying “domestic divisions in the United States.” These videos were viewed more than 16 million times on YouTube alone, the indictment alleged, and, according to FBI Director Christopher Wray, represented an attempt to “trick Americans into unwittingly consuming foreign propaganda.”

Producing videos that highlight social and political divisions in the US is not a crime. However, the Justice Department claimed that Kalashnikov and Afanasyeva broke the law by not registering as foreign agents. Back in 2017, the Department of Justice forced the now-defunct RT America to register as a foreign agent, after a host of US intelligence agencies claimed that RT had helped to elect Donald Trump by publishing “negative coverage” of Hillary Clinton and criticizing the US’ “corrupt political establishment.” Kalashnikov and Afanasyeva face a maximum sentence of five years in prison for violating the Foreign Agents Registration Act, and 20 years for money laundering. However, the charges against them will likely never be proven in an American courtroom, as the US has no extradition treaty with Russia.

The two Russians were also sanctioned by the US Treasury Department on Wednesday, along with RT Editor-in-Chief Margarita Simonyan and three other senior RT employees. Simonyan dismissed the charges, responding “great job, team!” on Telegram. In a press conference on Wednesday, US Attorney General Merrick Garland said that the allegations against Kalashnikov and Afanasyeva, as well as a separate Russian scheme to allegedly spread anti-Ukraine content online, “make clear the ends to which the Russian government, including at its highest levels, is willing to go to undermine our democratic process.”

Read more …

RT’s answer is clear.

Biden To Take ‘Law Enforcement Action’ Against RT – CNN (RT)

The administration of US President Joe Biden is planning to accuse Russia of meddling in this year’s presidential election, and will announce “law enforcement action” against those supposedly responsible, CNN reported on Wednesday. RT will be the prime target of this action, the network stated. The White House will accuse Russia on Wednesday of “a sustained effort to influence the 2024 US elections” by using “Kremlin-run media” to spread so-called “disinformation,” CNN reported, citing US government sources. Alongside a public condemnation from the White House, the US Department of Justice will announce “law enforcement action targeting the covert Russian campaign,” the network said. RT is “a major focus of the US announcement,” CNN added, noting that “US officials see the Russian outlet as a key piece of Kremlin propaganda efforts.”

“Dear CNN,” RT’s press office responded following Wednesday’s article. “We certainly have a response. Actually, we have several, but we couldn’t decide on one (we even thought of running an office poll), so here they are:

1. Ha!

2. Hahahaha!

3. HAHAHAHAHAHAHAHAHAHA

4. 2016 called and it wants its clichés back

5. Three things are certain in life: death, taxes and RT’s interference in the US elections

6. We gotta earn our Kremlin paycheck somehow

7. Somewhere, Secretary Clinton is sad that it’s not because of her

SINCERELY,

RT Press Office”

Democrats like Biden have accused Russia of interfering in the last two presidential elections. During the 2016 and 2020 campaigns, US intelligence agencies repeatedly claimed that Moscow was deploying hackers and using “information warfare” to swing the vote in favor of Donald Trump. These allegations, coupled with claims that Trump had colluded with Moscow to win the election, formed the basis for a two-year investigation by Special Counsel Robert Mueller, but were ultimately found to be baseless. In 2020, more than 50 “former intelligence officials” published a letter claiming that files on Hunter Biden’s laptop – which implicated the Biden family in multiple foreign corruption schemes – were fabricated by Russia. The laptop’s contents have since been proven genuine.

Throughout the past decade, American officials have repeatedly accused RT of spreading “disinformation” – a term that these officials rarely define. Back in 2017, the Department of Justice forced RT America to register as a foreign agent, after a host of US intelligence agencies claimed that RT had helped to elect Trump by publishing “negative coverage” of Clinton and criticizing the US’ “corrupt political establishment.” RT America ceased operations in 2022 after the network was dropped by its US distributors in response to the Ukraine conflict.

Despite their claims of “Russian interference” in US elections being repeatedly proven to be without foundation, American spies have stuck to them. Earlier this summer, the Office of the Director of National Intelligence (ODNI) in Washington alleged that the Kremlin had mounted a “whole-of-government” effort to turn the American public against Biden and his fellow Democrats. This accusation paved the way for the FBI to raid the homes of Scott Ritter, a former UN weapons inspector and RT contributor, and Dimitri K. Simes, a Soviet-born US political pundit who hosts a show on domestic Russian television. Ritter described the raid as an attempt to intimidate “anyone who goes against official [US] policies and particularly against the deep state.”

Read more …

“..it is not the Russians but the US government that is engaged in an attempt to influence and control the popular narrative for its own benefit.”

Persecution of Sputnik, RT Contributors Highlights US Hypocrisy (Sp.)

The United States’ persecution campaign against journalists and political dissidents with ties to Russian media accelerated Wednesday when new repressive measures were announced against several entities. New sanctions were announced against 10 individuals and two organizations under the umbrella of the Rossiya Segodnya media group, including RIA Novosti, RT, Sputnik and Ruptly. The sanctions target these entities for alleged “hostile interference in the presidential elections,” the US Treasury Department claimed. The measures also target editor-in-chief of Rossiya Segodnya and RT Margarita Simonyan and several top managers at RT. Ex-CIA analyst and former State Department counterterrorism expert Larry Johnson spoke with Sputnik Wednesday about the startling development, the latest attempt by the Biden administration to shape political discourse online and in the media.

“The latest stunt pulled by the Biden Department of Justice to declare all of these sanctions on Russia for alleged interference in the US political system is a level of hypocrisy that is staggering in its magnitude and in its foulness,” Johnson said.“Let’s be clear about one thing: the one country in the world that has been involved with more interference in the internal political affairs of every other country is the United States. During the reign of President Eisenhower in the 1950s, there were 170 different covert actions carried out against other countries.” “This year [the US has] allocated almost $4 billion to interfere or meddle in the political affairs of other countries,” he continued. “$315 million of that goes to the National Endowment for Democracy. $300 million is specifically what they call counter-Russian influence. And another $2.9 billion is for ‘democracy’ programs. And these have been used basically to run propaganda, to pay people, to organize ‘democracy’ programs in places like Georgia.”

The US frequently funds pro-Western media and non-governmental organizations (NGOs) in foreign countries it targets for regime change to pave the way for a pro-US government to come to power. Author and journalist William Blum documented over 50 examples of significant US interference in other countries since World War II in his classic book Killing Hope, largely based on the shocking revelations of ex-CIA agent Philip Agee. More recently the US has interfered in countries such as Brazil, Indonesia and Ukraine, paving the way for the latter country’s extremist anti-Russia government through its support for the Euromaidan coup in 2014. “I don’t know how many millions of dollars are allocated to the CIA for additional covert actions designed to plant stories in media, to create electronic media, to influence social networks across the board,” Johnson continued. “It’s the United States that’s meddling.

With respect to the entire bogus claim that Russia interfered in the 2016 election, we now know without a doubt that that was a Democrat operation led by Hillary Clinton and her team,” he added. “Everything we were told about Donald Trump and the Russians was a lie. I was one of the few writing about it at the time to call it out… The notion that RT is manipulating and influencing the presidential election is beyond laughable,” he claimed, noting that the Russian television channel’s app is banned from many app stores in the West while its content has been removed from YouTube and other websites. “How is a news network that’s not allowed to broadcast and that’s shut [out] of social media in the United States supposed to influence [the election]? … It just goes across the board that they’re going to try to attack any kind of alternative voice in the media.”

Johnson noted that he has been subjected to a “pre-interview” with most television news outlets he has appeared on, such as the BBC, MSNBC, Fox News, CBS and the CBC, during which employees for each outlet attempted to ascertain what he would say when interviewed live on air. RT was one of only two outlets that never subjected him to the practice, he said. “It’s the so-called ‘free democracies’ that want to run that litmus test,” he said. Johnson said the recent persecution of figures connected to RT and Sputnik is merely another attempt to run the “Russiagate” playbook, attempting to discredit alternative media outlets that critique US foreign policy. “Electoral interference” continues to take place, Johnson claimed, but it is not the Russians but the US government that is engaged in an attempt to influence and control the popular narrative for its own benefit.

Read more …

“..Donald Trump, he has 65 million Twitter followers, he has proven himself to be willing to obstruct justice – just ask Bob Mueller..”

Harris Denounced Unfettered Free Speech in 2019 CNN Interview (Turley)

I previously wrote how a Harris-Walz Administration would be a nightmare for free speech. Both candidates have shown pronounced anti-free speech values. Now, X owner Elon Musk and former independent presidential candidate Robert F. Kennedy Jr. have released the interview to show the depths of the hostility of Harris to unfettered free speech. I have long argued that Trump and the third-party candidates should make free speech a central issue in this campaign. That has not happened. Kennedy was the only candidate who was substantially and regularly talking about free speech in this election. Yet, Musk and Kennedy are still trying to raise the chilling potential of a Harris-Walz Administration. In my book “The Indispensable Right: Free Speech in an Age of Rage,” I discuss how the Biden-Harris Administration has proven to be the most anti-free speech administration since John Adams.

That includes a massive censorship system described by one federal judge as perfectly “Orwellian.” In the CNN interview, Harris displays many of the anti-free speech inclinations discussed earlier. She strongly suggests that X should be shut down if it does not yield to demands for speech regulation. What is most chilling is how censorship and closure are Harris’s default positions when faced with unfettered speech. She declares to CNN that such unregulated free speech “has to stop” and that there is a danger to the country when people are allowed to “directly speak[] to millions and millions of people without any level of oversight and regulation.” Harris discussed her view that then-President Trump’s Twitter account should be shut down because the public had to be protected from harmful viewpoints.

“And when you’re talking about Donald Trump, he has 65 million Twitter followers, he has proven himself to be willing to obstruct justice – just ask Bob Mueller. You can look at the manifesto from the shooter in El Paso to know that what Donald Trump says on Twitter impacts peoples’ perceptions about what they should and should not do.” Harris demanded that Trump’s account “should be taken down” and that there be uniformity in the censorship of American citizens: “And the bottom line is that you can’t say that you have one rule for Facebook and you have a different rule for Twitter. The same rule has to apply, which is that there has to be a responsibility that is placed on these social media sites to understand their power… They are speaking to millions of people without any level of oversight or regulation. And that has to stop.”

In other words, free speech should be set to the lowest common denominator of speech regulation to protect citizens from dangerous viewpoints. Harris’s views have been echoed by many Democratic leaders, including Hillary Clinton who (after Musk purchased Twitter) called upon European censors to force him to censor American citizens under the infamous Digital Services Act (DSA). Other Democratic leaders have praised Brazil for banning X after Musk balked at censoring conservatives at the demand of the socialist government. Brazil is where this anti-free speech movement is clearly heading and could prove a critical testing ground for national bans on sites which refuse to engage in comprehensive censorship. As Harris clearly states in the CNN interview, there cannot be “one rule for Facebook and you have a different rule for Twitter.” Rather, everyone must censor or face imminent government shutdowns.

Read more …

“‘gold fishing’ – an on-screen facial contortion where the lips and cheeks move, but nothing comes out of the mouth..”

“Harris is seen as the most suitable candidate to further the causes of America’s military industrial complex ..”

Fake News Now At Peak As Kamala Faces CNN “interview” (Jay)

Wherever you look, it feels like we are being bombarded now with an unprecedented level of fake news. One reason may well be how the installed governments by western elites – military industrial complex and banking – are getting very skittish indeed about a shake up of world order in November when the airhead Kamala Harris takes on Donald Trump in the presidential elections. This new trend of installing a useful idiot into power has been around for decades across Africa and Asia where the U.S. and before that the UK installed their own despots to serve their own needs, so we shouldn’t be so shocked by someone like Harris having the landscape prepared for her. To call Harris a ‘lightweight’ is understating her political verve. She has none of the conventional talents that politicians require like public speaking, or engaging with media, let alone having any ideas of her own which might make it one day to policy.

For most Americans the choice in November is between Harris, who is essentially Biden 2.0 or Trump. Not exactly a tough call many might say since RFK endorsed Trump who traditionally he has not been a fan of; it’s as though he’s saying to Americans, “anything but Kamala. Do the maths”. Media is of course playing a huge and certainly tawdry role in pushing her which is not generally noted by most Americans. For weeks she has ignored or avoided all serendipitous contact with journalists which surely must be orders from the elite who are controlling her. And there is good reason for this as the internet is awash with her talking gibberish. Or dancing. Talking mumbo jumbo won’t help her at the polls against Trump who revels at the microphone and is not afraid to go head to head with journalists and unscripted interviews, despite him whining about how unfair the set-up is.

What he is alluding to is that left-wing media in America like CNN fake the news and as we saw recently almost certainly gave Kamala a print out of the questions she was going to face with her recent CNN interview where she was joined by her running mate just in case she did something which broadcast journalists call ‘gold fishing’ – an on-screen facial contortion where the lips and cheeks move, but nothing comes out of the mouth. In Kamala’s case, gold fishing might not be as bad as actually speaking, as she has shown us that there is not much between the ears. She is not overburdened with what many academics have of knowing too much and not being able to communicate in short sound bites. Harris doesn’t really know anything at all except a few talking points from Biden’s days. Her own people will be happy with the staged interview as they can at least counter oped writers who claim she is so lame that she avoids all press. Thanks CNN. Great jaaaabbbb.

Harris is seen as the most suitable candidate to further the causes of America’s military industrial complex whose six main companies cannot slow production down, unless they make job layoffs. The insatiable hunger of this machine is responsible for the lion’s share of U.S. foreign policy and Biden gave his cronies their one hundred Christmas’s when he created the Ukraine war and more recently Gaza. In Gaza the false reporting from western media is as repulsive as the images of children who have lost their entire brains and whose heads look like theatrical floppy props, which has become the day to day norm now when Israel bombs schools. Does anyone in the west in either camp still believe this is a “war” against Hamas fighters?

With the recent invasion of West Bank and the rise of settlers stealing land there, surely the real story of Netanyahu’s campaign is there for all to see in plain light: ethnic cleansing on a grand scale to wipe Palestinians off the face of Israel. And still we read western journalists and op-ed writers parroting the line about ‘two state solutions’ and what the EU says, etc etc. By the time the chairs are arranged and the mineral water is put on the tables, there will not be a Palestinian left to even represent his or her own state. Everyone knows the two-state solution is a massive parody of diplo gibberish a bit like Kamala’s few media stints which are still good for a laugh today. And it’s an identical story in Ukraine. No western journalists can report on the true story of Ukrainian losses in Kursk and how the operation has blown up in Zelensky’s face. The omission of reporting key facts and data is just as bad as making up your stories, if not worse.

Read more …

“..he also established a “Covid hotline” where people could call and report anyone who wasn’t following the governor’s edicts..”

Harris-Walz: The Ticket Of COVID Tyranny (Rich)

Quarantine, lockdowns, social distancing – words I’m sure everyone reading never wants to hear again. Even several years removed, the pain inflicted by Covid-19 and subsequent policy reactions is still fresh in our collective consciousness. I wouldn’t blame anyone for wanting to forget the whole thing, and you wouldn’t be the only one. The authoritarians who violated your freedoms in the name of Covid safety would love for those years – and their mistakes – to be forgotten. As it happens, two of those authoritarians will be appearing together on ballots this November – Kamala Harris and Tim Walz. Kamala Harris is a familiar name to many Americans. Picked out by Biden to serve as vice president on the 2020 Democrat ticket, she has served the past three-and-a-half years as Biden’s second-in-command. Depending on the outcome of the presidential elections in November, she might even be getting a promotion.

But in her capacity as VP, she has overseen the Biden administration’s increasingly tyrannical edicts in the name of stopping Covid. In 2021, the Biden administration attempted to wield OSHA against the American people by requiring that any companies with over 100 employees require weekly testing or vaccination. Not only was the legal reasoning behind this mandate spurious, the actions being mandated had, at best, questionable efficacy in combating the “Omicron” Covid strain. Thankfully, the mandate was struck down in a 6-3 decision by the Supreme Court in 2022, but neither Biden nor anyone in his administration ever rescinded their support for the measure. Additionally, the Biden administration took steps to censor anyone skeptical of their Covid policies by putting pressure on private companies. As revealed by the “Twitter Files,” the Biden administration would request that Twitter either ban or artificially reduce the reach of certain accounts.

These included high-profile individuals, such as Robert Kennedy Jr. It was only after Elon Musk purchased Twitter that such government “requests” were disclosed to the public. Vice President Harris has done more than look on with passive approval at the Biden administration’s actions. She has been actively involved in vaccination drives, encouraging masking, and imploring Americans to social distance. At a 2021 vaccine drive in South Carolina, Harris stated: “So, the vaccines—let me say it again—are safe. They are safe. And they are free. And they are effective. And it is that simple.” And, on the subject of “herd immunity”: “If you are vaccinated, you are protected. If your community is vaccinated, Covid rates in your community will go down.”

Just a few months after these remarks, the Delta variant would crash through the United States, despite millions of Americans being vaccinated. The same would happen again in 2022, when the Omicron variant caused record-high numbers of Covid infections. Harris also supported vaccines for children aged 5-11, despite the fact that young children are among the least likely to suffer serious complications from Covid. Even the World Health Organization would later reverse their position on child vaccination because of the marginal-to-nonexistent benefits.

In contrast to Harris, Tim Walz is an unfamiliar name to many. In 2018, Walz was elected governor of Minnesota, reelected in 2022, and is currently running with Harris for vice president. During Covid, he supported the same masking, lockdown, and social distancing policies that most governors across the country did, however, Walz’s administration was willing to go farther in these measures than many other governors. After Walz issued a stay-at-home order to prevent the spread of Covid, he also established a “Covid hotline” where people could call and report anyone who wasn’t following the governor’s edicts. This caused no small amount of controversy within the state, but when Walz was asked about removing the hotline, he said, “We’re not going to take down a phone number that people can call to keep their families safe.”

Walz was perfectly willing to enforce his lockdown orders as well. Whenever a Lakeville restaurant tried to reopen for dine-in service, state attorney general Keith Ellison sought a restraining order to keep it closed. Gloating on the situation, Ellison said. “I’m gratified the court recognizes the severity of the pandemic and the need to take urgent action to stop the spread of Covid-19.” In June 2020, Walz issued a mask mandate, requiring anyone in an indoor space with non-family members to wear a mask. In the official announcement of this mandate, Walz said, “But as Minnesotans always do during tough times, we come together and we take care of one another. And right now there’s no better way to demonstrate our Minnesotan values than by wearing a mask.”

Read more …

“..The hearing is scheduled for Thursday..”

Trump To Fight Revamped J6 Charges (RT)

Former US President Donald Trump will enter a not guilty plea to criminal charges in a revised indictment accusing him of attempting to overturn the 2020 election results. The case is related to the January 6, 2021 attack on the US Capitol Building in Washington, DC by Trump supporters in the aftermath of his defeat. The Republican candidate in this year’s race for the White House said in a court filing on Tuesday that he would not be present at a formal reading of the charges against him. He also authorized his attorneys “to enter a plea of not guilty” on his behalf “to each and every count of the superseding indictment.” The hearing is scheduled for Thursday. The revised indictment includes the same four charges prosecutors brought against Trump last year and that he pleaded not guilty to in August 2023.

Trump was accused of conspiracy to defraud the US, conspiracy against the voting rights of citizens, and obstruction of congressional certification of the election. The new document is a stripped-down version of last year’s criminal case against Trump. Certain allegations were dropped and reframed after the US Supreme Court ruled that Trump has broad immunity from criminal prosecution over official actions taken during his term as president. Trump has repeatedly denied wrongdoing and denounced the case as an attempt to prevent him from returning to the White House. In a series of posts on his Truth Social platform late last month, he called it “a direct assault on democracy” and a “resurrection of a dead witch hunt.”

Read more …

“..it intends to “hold” the territory because it is crucial to Kiev’s “victory plan” to end the conflict.”

Zelensky Vows To ‘Hold’ Occupied Russian Territory (RT)

Ukraine intends to occupy part of Russia’s Kursk Region indefinitely, Vladimir Zelensky has said. Officials in Kiev earlier signaled that they plan to use this as a bargaining chip in potential negotiations with Moscow.In an interview with NBC News released on Tuesday, the Ukrainian leader was asked what he plans to do with the internationally recognized Russian territory Kiev has captured as a result of a large-scale cross-border incursion that began last month.While Zelensky stressed that Ukraine “does not need [Russian] land” and “[does not] want to bring our Ukrainian way of life there,” it intends to “hold” the territory because it is crucial to Kiev’s “victory plan” to end the conflict. “For now, we need it,” he said.

He declined to say whether Ukraine plans to seize more Russian land. “With all respect, I can’t speak about it,” Zelensky said, citing the same considerations that forced Kiev to keep preparations for the Kursk offensive secret.Ukraine launched a large-scale attack on Kursk Region on August 6, reportedly committing some of its best brigades equipped with Western-supplied armor. While it made some initial gains, Moscow says the advance has been halted. The Russian Defense Ministry has estimated Kiev’s losses in the Kursk offensive at more than 9,300 troops and 700 armored vehicles.

Mikhail Podoliak, a senior aide to Zelensky, has said that the purpose of the attack was to secure a stronger position during potential peace talks with Moscow and to instill fear in the Russian population. Russian President Vladimir Putin has denounced the incursion as a provocation, accusing Ukraine of indiscriminately targeting civilians and pledging that Moscow will eventually “deal with the Ukrainian bandits” who entered Kursk Region. He signaled that Russia has no plans to engage in talks until the incursion is completely defeated, adding, however, that Moscow does not reject negotiations in principle.

Read more …

“..such a blanket punishment of countless faithful men and women does not promote unity, nor does it promote peace.”

Ukraine ‘Weaponizing’ Religion – Church of Jerusalem (RT)

The Greek Orthodox Church of Jerusalem, one of the oldest Christian churches in the world, has called on the Ukrainian government to repeal a law which exposes the Ukrainian Orthodox Church (UOC) to a likely ban. Kiev has outlawed religious organizations that it suspects of having ties with Russia. The legislation, which Ukrainian leader Vladimir Zelensky signed into law last month, is designed to shut down the UOC, the largest Christian denomination in the country. The UOC was previously targeted in a massive crackdown by the state, as officials told priests and the faithful that they should switch to the Kiev-supported rival Orthodox Church of Ukraine (OCU). In a statement on Tuesday, the Patriarchate of Jerusalem denounced Kiev’s move, insisting that “such a blanket punishment of countless faithful men and women does not promote unity, nor does it promote peace.”

“There is no justification to weaponize religious belief practice and we all must allow those who wish to pray to do so in a manner that accords with their conscience,” the statement stressed.Jerusalem said it sympathized with victims of the Ukraine conflict, “but out of this pain must not emerge a new schism among the faithful or the criminalization of innocent people because of their religious practice.” “The Patriarchate of Jerusalem recognizes the challenges and deep divisions that this conflict represents, and is committed to the spiritual mission of dialogue and reconciliation through fraternal discussions,” it added. The UOC has historic and spiritual ties to the Russian Orthodox Church (ROC), but is self-governed. The OCU was created in late 2018 as part of the failed reelection campaign by then-Ukrainian President Pyotr Poroshenko.

The move caused a major schism in the Orthodox Christian world, as the new organization was recognized by the Patriarchate of Constantinople in Türkiye. It revoked a decision made in the 17th century to acknowledge the ROC’s spiritual leadership in the lands that are now independent Ukraine. The Moscow Patriarchate broke ties with Constantinople in retaliation. The Patriarchate of Jerusalem has been working to heal the rift. The Ukrainian law was previously criticized by the Catholic Church. Pope Francis said he was concerned for the state of religious freedoms in the country, and urged Kiev to “let those who want to pray be allowed to pray in what they consider their Church.”

Read more …

BlackRock.

Rothschild Helped Ukraine Clinch Debt Restructuring – Reuters (RT)

Ukraine reached its recent agreement with bondholders on a debt restructuring as a result of efforts by Rothschild & Co, Reuters reported on Tuesday, citing sources involved in the talks. Kiev appointed Rothschild as an advisor to its Finance Ministry in 2017. Kiev announced last week that it had reached an agreement with a group of foreign investors to restructure its $20 billion debt. Bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi – granted Ukraine a two-year debt freeze in February 2022 when the conflict with Russia broke out. The bondholders’ committee, which represents the holders of 25% of the bonds, has agreed to accept losses of 37%, or $8.7 billion, on the nominal value of their debt.

The International Monetary Fund (IMF) has reportedly confirmed that the deal was compatible with the parameters of its $122 billion aid package to Kiev. Both the IMF and the country’s creditors, which include the US and the Paris Club, have signed off on it, according to a statement with the terms of the accord published on the London Stock Exchange. The restructuring of the massive debt will help Kiev save $11.4 billion over the next three years. This is crucial for both its war effort and its IMF program, Reuters wrote, describing the debt restructuring as one of the fastest and largest in history, eclipsed in scale only by those undertaken by Argentina and Greece.

The report, however, highlighted that initial negotiations between the Ukrainian government and its lenders that started in June 2022 did not go to plan. Talks failed after a couple of weeks as the core committee of bondholders complained that the write-down Ukraine was demanding was “significantly in excess” of the 20% expected and risked doing “substantial damage” to relations.With less than two months until the August 2022 payment moratorium expired, Rothschild reportedly arranged face-to-face meetings for the sides at the firm’s offices in Paris. These reportedly involved representatives of some of the world’s top asset management firms and their legal and financial advisers, Kiev’s debt chief Yury Butsa, Ukraine’s long-term legal advisers White & Case and the Rothschild team.

According to Reuters, bondholders demanded that Ukraine restart coupon payments immediately, offer a path to a higher principal recovery and, importantly, “keep it simple.” IMF staff reportedly worked “at breakneck speed” to crunch the numbers. Kiev offered an alternative in the form of a simpler GDP-linked bond, with creditors also being offered the instant coupon payments that they had wanted, starting at a rate of 1.75% and eventually rising to 7.75%. The final result from the bondholder vote was more than 97% support, Reuters said.

Read more …

“..the conflict in Ukraine had revealed “the sorry state of European militaries and defense industries.”

‘Looming Threat’ From Russia Sparks ‘Major Rethink’ Of EU Defense Policy (RT)

The European Parliament is set to hold closed-door, high-level discussions on Wednesday in relation to a new report on the competitiveness of the EU defense industry, Politico has reported. The document, prepared by former Italian prime minister Mario Draghi, reportedly calls on the bloc to rethink its defense policy in light of the Ukraine conflict and the purported threat from Russia. Draghi prepared the 400-page report at the request of European Commission President Ursula von der Leyen, who said last week that the EU needs a “systemic overhaul” of its defense spending to increase production and reduce its dependence on the US. “The EU’s defense industrial base is facing structural challenges in terms of capacity, know-how and technological edge. As a result, the EU is not keeping pace with its global competitors,” a draft of the document reads, Politico reported on Monday.

The report also cites “the emergence of new types of hybrid threats” and “a possible shift of geographic focus” by the US as reasons for the EU to take “growing responsibility” for its own security. Draghi, who also previously served as the head of the European Central Bank, suggested earlier this year that his report will focus on the possible ways to fill the productivity gap, which has been mostly driven by a lack of investment in innovation. The EU spends roughly one-third of what the US does on defense in monetary terms, and the bloc’s arms companies depend 80% on international suppliers, largely from across the Atlantic, Draghi wrote. International think tank, the European Council on Foreign Relations (ECFR), noted last month that the conflict in Ukraine had revealed “the sorry state of European militaries and defense industries.”

Among the recommendations are the introduction of steps to incentivize domestic defense solutions over competitors, and a removal of red tape for weapons manufacturers to access EU funding. The United States, the founding member of NATO, has played a central role in the bloc’s defense, as most EU nations are NATO members. Since the outbreak of the Ukraine conflict in early 2022, the White House has been sending additional forces to the EU. Some nations, such as the Czech Republic and the Baltic states, have claimed that Russia would attack them if it won in Ukraine. Moscow has repeatedly dismissed the claims. President Vladimir Putin said in June that there is no threat of Russia attacking NATO countries as it has no “imperial ambitions,” and described such allegations as “nonsense.”

Read more …

Wonder why.

Starlink Agrees To Comply With Brazil’s Orders To Block X (ZH)

Elon Musk’s internet service, Starlink, has announced that it will comply with a Brazil Supreme Court order to shut down X while vowing to pursue “all legal avenues” to allow the recently banned Musk-owned social media platform to operate in Brazil. The move, announced by Starlink in a statement on Sept. 3, marks an apparent reversal after the country’s telecommunications regulator previously said that the satellite-based internet provider stated that it wouldn’t agree to block the social media platform. Starlink said it would abide by an order from Brazilian Supreme Court Justice Alexandre de Moraes requiring internet service providers and app stores to block X from their platforms. “Regardless of the illegal treatment of Starlink in freezing our assets, we are complying with the order to block access to X in Brazil,” Starlink’s statement said.

“We continue to pursue all legal avenues, as are others who agree that @alexandre’s recent orders violate the Brazilian constitution.” As Tom Ozimek reports at The Epoch Times, De Moraes froze Starlink’s accounts last week in order to pressure the company to cover fines imposed on X in Brazil, reasoning that both are part of the same Musk-controlled group. In response to the asset freeze, Starlink said on Aug. 29 that it believes de Moraes’s decision violated due process and was unconstitutional. “It was issued in secret and without affording Starlink any of the due process of law guaranteed by the Constitution of Brazil,” Starlink said in the statement. “We intend to address the matter legally.” Starlink’s announcement that it will comply with the order to shut down X comes a day after a spokesperson from Brazil’s telecommunications regulator told The Epoch Times that the company had “informally” expressed to a top agency executive its intention to buck the X ban.

The spokesperson said that unless Starlink complies, it will face sanctions, including possibly having its operating license in Brazil revoked. Arthur Coimbra, an Anatel board member, told The Associated Press that if Starlink refuses to abide by the order to block X, authorities could also eventually seize equipment from Starlink’s 23 ground stations in Brazil, where Starlink serves over a quarter million customers. Starlink’s announcement that it intends to comply with the X ban marks the latest chapter in a long-running dispute between Brazilian officials and Musk, who has refused to comply with court orders to block accounts accused by investigators of spreading hate and misinformation. Both Musk and X’s global government affairs team have denounced these orders as unlawful attempts at censorship.

Read more …

Helmer has a whole different take on Durov.

“The man who was hiding too much..”

Pavel Durov – Freedom To Play Fool, Stock Speculator, Fraudster (Helmer)

Pavel Durov aka Paul du Rove (“vagabond” in French) doesn’t put his money where his mouth is. This is because more than half the assets and almost half the revenues of Durov’s Telegram group of companies are digital units which Telegram itself programmes, stores, trades, values, and revalues, so the potential for concealment, deception and fraud is unaccountably large. This is the reason Durov has failed to secure the US regulator’s permission to sell shares in his $30 billion valuation of Telegram in a US initial public offering (IPO). In short, the freedom and privacy Durov claims his Telegram social media platform represents is not at all what the financial reports reveal of his money-making. The first fraud flag was waved by the US Securities and Exchange Commission (SEC) in October 2019 after more than a year of Durov’s money-raising through digital tokens he called Grams which he offered to sell for $1.5 billion.

At the time, cornerstone investors in Durov included the Russian oligarch Roman Abramovich and other oligarchs. Durov — announced the SEC — “seeks to obtain the benefits of a public offering without complying with the long-established disclosure responsibilities designed to protect the investing public… the defendants have failed to provide investors with information regarding Grams and Telegram’s business operations, financial condition, risk factors, and management that the securities laws require.” In the five years since then, Durov claims to have sold another billion-dollar bond in 2021; $210 million in fresh securities in 2023; and $330 million in paper which Durov floated in March of this year. “The increased demand for our bonds shows that global financial institutions value Telegram’s growth in audience and monetization”, he said (telegrammed) at the time.

These investments weren’t exactly money for value, or vice versa. Durov has admitted he has been buying about a quarter of the debt issues himself. “Valuations are based on market inputs that are not observable,” reported a blockchain industry analyst. When the investors have turned out to be governments – like Mubadala, the Abu Dhabi emirate wealth fund — the real value Durov promised to exchange is likely to be as much political and military as financial. Similar terms of exchange are likely to have been agreed when, in addition to his Russian passport in the name of Durov, he took passports from the United Arab Emirates (name unknown), France (name Paul du Rove), and St Kitts and Nevis. Four months ago, Durov signed financial reports for his Telegram group prepared and audited by PriceWaterhouseCoopers (PWC). He thought the details would remain secret. Instead, following his arrest and indictment in France last week, they were leaked to the Financial Times in London.

The newspaper claims it “got its hands on the privately held company’s financials” but without explanation it is withholding them from full release. Durov’s signature is dated April 26, 2024. In public defence of his countryman, Russian Foreign Minister Sergei Lavrov said this week that Durov had been naïve about the “old system of globalization…P.V. Durov turned out to be too, too free, too slow or did not listen to Western advice about the so-called moderation of his brainchild.” Naivety is not what Durov signed his name to in Telegram’s financial reports. They reveal he is running a debt pyramid, replenishing the annual deficit between his expenditures and his income with new borrowings whose cost of servicing amounted in 2023 to 46% of his revenues. The leaked papers also disclose that his losses last year came to $259.3 million, although Durov managed to reduce that to $173.2 million by claiming offsetting digital assets had jumped in value. To support such valuation manipulations and his public claims of Telegram’s $30 billion market value, the small print of the auditor’s notes reveal that Durov uses his own digital money to boost the appearance of rising Telegram subscription numbers and demand for the company’s bonds — 15,000 subs and $64 million in bonds, to be precise.

As for protecting Telegram user privacy, Durov acknowledges that after subtracting $130 million in self-accounting “integrated wallet” value from his bottom-line revenue of $342.5 million, over the past year he sold “collectibles” for $17.8 million – almost 9%. This item is defined in the report as “usernames, virtual phone numbers…The related revenue is recognised at a point in time when the collectible is assigned to the user. The Group also enables the sale of collectibles between users and receives the fee for facilitating the sale.” According to the public indictment of the French prosecutors, fraud is one of the charges against Durov, along with money laundering, concealment by cryptology, and “refusal to communicate, at the request of the authorized authorities, the information or documents necessary for the realization and exploitation of interceptions authorized by law.”

According to Russian and international sources, the recent history of each one of these charges involves Durov in dealings with the Azerbaijan government, with the Kanak rebellion in the French colony of New Caledonia, and in undertakings he gave to agents of the French foreign intelligence agency, the Directorate-General for External Security (DGSE), when they visited him recently in Dubai. For a legal analysis of the Digital Services Act and regulations, the law applying to Telegram and to free speech in the social media in the European Union (EU), read this from Craig Murray. The analysis is made irrelevant by Murray’s acknowledgement that the indictment may be warranted if Durov “refused to remove or act over specific individual content specified by the French authorities, or unless he set up Telegram with the specific intent of facilitating organised crime”. Specific content was what the DGSE told Durov it wanted him to provide when they last met. That they met has been confirmed by the official leaks in Libération’s report of September 1. The newspaper headline was “The man who was hiding too much”. That Durov reneged on his promise to the DGSE is what the Paris prosecutor’s statement of August 28 indicates.

Read more …

“The people who once faced and conquered the great nations of Eurasia are now once again proving their greatness by boldly confronting Western arrogance.”

Mongolia Showed Its Greatness To The World (SCF)

Russian President Vladimir Putin landed in Mongolia on September 2, making his first trip to a Rome Statute’s country since the International Criminal Court (ICC) illegally issued an arrest warrant against him last year. As expected, some Western member states of the ICC demanded Mongolia to arrest Putin. The same demand was made by the Kiev neo-Nazi regime itself, but was completely ignored by the Mongolian authorities, who welcomed Putin with a red carpet in a great official ceremony. For the West and Kiev, Mongolia’s move was a “violation of international law.” For any serious analyst, the act was a brilliant demonstration of strength, sovereignty and insubordination. From a purely realistic point of view, the Mongolian attitude was completely correct, since, being geographically close to Russia, Mongolia needs to maintain a foreign policy of friendship and cooperation with Moscow.

Both nations have common interests and share the same geographical space – in addition to having a rich common history –, being true natural partners. In fact, Mongolia has shown the world its greatness by welcoming Putin. The country simply said “no” to illegitimate international pressure by taking the sovereign step of welcoming the Russian leader to its territory. The courage of the Mongolian authorities must be praised, as several countries have recently declined to take similar decisions, trembling in the face of international pressure. Even within the BRICS, the illegal arrest warrant against Putin is becoming a relevant issue. Recently, there have been several discussions in Brazil and South Africa about the “possibility” of arresting Putin in the event of a visit by the Russian president. In both countries, government authorities made it clear that the Russian president would be received calmly and safely, but the Judiciary acted irresponsibly, stating that arrest would be mandatory.

To avoid diplomatic discomfort and institutional crises in partner states, Putin has never confirmed any visit to these countries. Of course, a member country of the ICC can decide to arrest someone convicted by the Court. However, an ICC decision can only be valid against a citizen of a member country, otherwise there is an insurmountable legal impasse. The Russian Federation does not recognize the jurisdiction of the ICC, and there is no possibility that the country would accept that its citizens be arrested by order of this court. Therefore, if there were a coercive measure to arrest Putin or any other Russian citizen based on an ICC ruling, Moscow would certainly react by taking decisive measures – possibly even military ones. It is up to the ICC member country, upon receiving a foreign citizen “wanted” by the court, to decide whether the decision is valid or not.

If the wanted citizen is a native of a country that does not recognize the ICC, arresting him or her seems absolutely irrational and unnecessary. Furthermore, even in the event of recognition of the court, it must be emphasized that the final decision on whether or not to arrest someone on its territory will always be up to the state itself. There is no force or document in international law capable of obliging a state to act coercively against someone, since state sovereignty is the basic principle of all international relations. In other words, Mongolia, a small country between two giants (Russia and China) had more courage and wisdom than the great emerging powers like Brazil and South Africa. The decision to welcome Putin revealed that the ancient imperial and warrior spirit of the Mongolian people is still alive. The people who once faced and conquered the great nations of Eurasia are now once again proving their greatness by boldly confronting Western arrogance.

Read more …

” Leaving a Gestapo Police State in its Place..”

Truth is being Removed from the Western World (Paul Craig Roberts)

Not even one value of Western civilization remains. All values that composed an era of freedom have been repudiated. The example of the hour is Telegram owner Durov’s indictment in France. The basis of the French indictment is that Telegram’s privacy, the basis for its existence, provides a mechanism that criminals can use to commit crimes, such as posts of children in sexual acts. Privacy also provides secret means of communication that criminals and drug dealers use for their illegal businesses. The French government’s claim is that Telegram, by providing privacy, enables these crimes and therefore Durov is complicit in the crimes. Notice that it is Durov, not the child pornographers and drug dealers, who is being prosecuted. In other words, the argument of the French indictment is that as an owner of a communication mechanism that criminals use to facilitate their commitment of crimes, Durov himself has committed a crime.

We have been hearing illogical arguments of this kind for some time. Those who want to take away the ability of people to protect themselves from criminals and rapists by using their Second Amendment right to own firearms try to hold firearm manufacturers responsible for injuries and deaths caused by people using firearms. In other words, it is the manufacturer’s fault, because his product enabled the criminal to commit the crime. Sooner or later this argument will be applied to a large number of goods and services. For example, vehicles are used in bank robberies, in murders, and in human trafficking, and it is the car and vehicle manufacturers who enabled the criminals by producing the vehicle. One can see it applied to search engines and to GPS, because they enable criminals to locate their target.

All of this might sound silly to a reader, but it is no more silly than the French government’s indictment of Durov. Indeed, it is not silly at all. It is weaponized law in operation. In a way Durov’s indictment is his own fault. Like many Russians who have been brainwashed by Western propaganda, Durov thought France had more freedom than Russia and took French citizenship. He made a mistake. The French case against Durov also reflects the Gestapo police state argument, which over the years has been finding a welcome home in the Western world, that it is the responsibility of private individuals to be accomplices of police and that the failure to perform this role indicates criminal behavior. For the past several decades people in the Western world have been so poorly educated–indoctrinated against themselves instead of educated–that they find it plausible that people who refuse to be agents of a police state are criminals.

The Washington Post sees it this way. The only valid reason for social media’s existence is to spy for the government. One of the Post’s mal-educated reporters wrote that “for years internet moguls have flown above the law.” How is protecting free speech “flying above the law?” What law is above the First Amendment? The indoctrinated reporter thinks that laws contrary to the First Amendment of the US Constitution are valid, and that Elon Musk and Pavel Durov are violating the law by their commitment to free speech. The Washington’s Post’s presstitute says “The world’s internet regulators are no longer playing around.” He writes that the crackdowns against Telegram and X “come months after the United States passed a law that could lead to the banning of TikTok” and herald the end of the era of free speech on the Internet, a good thing in the Post’s view.

The Washington Post is delighted that free speech is to be regulated. In my opinion the entire rationale for the existence of the Washington Post is to control narratives for the CIA. As even insouciant Americans should know after enduring eight years of the system violating all ethics and all laws in its effort to deep-six Donald Trump, throughout the Western world law is nothing but a weapon to protect the lies fed to insouciant people as official narratives, the doubting of which is rapidly becoming a criminal action. In the name of official narratives, truth is being removed from the Western world. In my lifetime I have watched the transformation of the free Western world, a product of centuries of struggle, into a Gestapo Police State.

Read more …

 

 

 

 

Capybara

 

 

Lion

 

 

Porcupine
https://twitter.com/i/status/1831268038689132859

 

 

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

 

 

 

 

 

Apr 262023
 


Mark Chagall Peace window, UN 1967

 
 
 

Andrew Korybko:

 

The US’ Weaponization Of Anti-Russian Fake News Against Germany

The Washington Post (WaPo) pushed several conspiracy theories in their recent piece alleging that “Kremlin tries to build antiwar coalition in Germany, documents show”. Citing what they claim to be “a trove of sensitive Russian documents largely dated from July to November that were obtained by a European intelligence service”, WaPo reported that elements within Germany’s left-aligned Die Linke and its right-leaning AfD are cooperating due to some shadowy Kremlin plot.

All three parties denied this accusation, which builds upon Reuters’ similarly conspiratorial report from early January alleging that “Pro-Putin operatives in Germany work to turn Berlin against Ukraine”. Taken together, these two articles can be interpreted as part of a wider information warfare offensive aimed at discrediting the natural trend of political forces pragmatically putting aside their differences on specific issues in order to cooperate on shared ones like ending NATO’s proxy war on Russia through Ukraine.

Three Interconnected Conspiracy Theories

This development was first observed over the last decade, during which time three interconnected conspiracy theories were invented by those gatekeepers with a self-interested stake in perpetuating traditional partisan divisions. They claimed that this is all due to the mischievous work of Russian philosopher Alexander Dugin, who supposedly weaponized the so-called “horseshoe theory” in order to assemble what’s been smeared as the “red-brown alliance”.

The first-mentioned forms the basis of countless conspiracy theories due to the false claim that he’s “Putin’s brain”, which preconditioned targeted audiences to extend credence to the wildest claims about him and his work. The second concept, meanwhile, refers to the theory that the far left and far right are secretly aligned. As for the third, those previously mentioned gatekeepers throw this term around in order to discredit all instances of left-right cooperation as supposedly being due to Dugin’s meddling.

Unipolar Liberal-Globalism vs. Multipolar Conservative-Sovereigntism

In reality, the global systemic transition has shattered the previous polarization between the left and right by giving birth to two different diametrically opposed concepts: unipolar liberal-globalism (ULG) and multipolar conservative-sovereigntism (MCS). This analysis here explains the differences between them more at length, but the present piece will now summarize them for the reader’s convenience due to its relevance in debunking the conspiracy theories pushed by Reuters and WaPo.

ULG believe in the “hegemonic stability theory” (unipolarity), are against any restrictions on socio-cultural issues like the aggressive imposition of LGBT+ propaganda onto children (liberalism), and want to force everyone to follow their models (globalism). By contrast, MCS believe in decentralizing International Relations (multipolarity), restricting some socio-cultural issues like the aforesaid example (conservatism), and respect every society’s right to choose their own models (sovereigntism).

The Real Reason For Growing Left-Right Cooperation In Germany

The genuine left and right, and not those ULG gatekeepers who masquerade as either (but mostly as leftists), generally embrace MCS. Even if they differ on economic and socio-cultural issues, they’re united in opposing unipolarity and globalism since those two concepts represent an existential threat to their respective ideological interests. Accordingly, they’re increasingly cooperating on shared MCS interests such as bringing an end to NATO’s proxy war on Russia through Ukraine as soon as possible.

This explains the latest trend in Germany that Reuters and WaPo are trying to discredit through their tacit weaponization of those three earlier described interconnected conspiracy theories. Both US-led Western Mainstream Media (MSM) outlets are ULG to the core, which is why they’re waging their information warfare campaign against Germans’ embrace of MCS, especially since its emerging manifestation there could have far-reaching strategic consequences if it fully matures.

The electoral rise of any MCS movement in that country could lead to them recalibrating its foreign policy in a much more strategically autonomous direction exactly of the sort that French President Macron regularly suggests and most recently talked about after his latest trip to China. The consequence of the EU’s de facto leader doing such a thing is that American hegemony over Europe would be immensely weakened if Germany finally began putting its own interests and the continent’s over the US’.

The Patriotic Motivations Driving The Latest Trend

By failing to do so over the past year, Chancellor Scholz and Foreign Minister Baerbock – both of whom are diehard ULG – inflicted crippling damage to their country’s economic model that was responsible for its astronomical rise in the first place. Germany no longer receives affordable energy from Russia, which in turn raises the costs of doing business in all respects, thus eroding its global competitiveness. Die Linke and the AfD are patriotic parties that keenly understand this, unlike the ruling ULG in berlin.

Elements within them are increasingly cooperating precisely because ending NATO’s proxy war on Russia through Ukraine holds the chance of reviving Germany’s prior energy cooperation with Russia and thus restoring its global economic competitiveness. Viewed from this perspective, their motivations are therefore purely patriotic and not due to any shadowy Kremlin plot or so-called “Duginist meddling”. The only people who push those conspiracy theories are ULG gatekeepers in the media and among the left.

Exposing The “Compatible Left”

Regarding the latter, the reader should be informed of the CIA’s decades-long attempt to manufacture a so-called “compatible left”, which is envisaged as doing the US’ bidding in a “plausibly deniable” way by serving as a “controlled opposition”. This mission has made enormous progress over the years and especially since 2016 after Trump’s election. “Sleeper cells” within the left awoke at that time and began actively allying their movements with the US Democrats, who are the standard-bearers of ULG.

This explains why the three interconnected conspiracy theories regarding “horseshoes”, the “red-brown alliance”, and “Duginism” all emerged from superficially leftist figures who are really bonafide ULG in disguise. They receive media approval and sometimes even tangible privileges like academic tenures and book deals from their ideological overlords for pushing Russophobia while simultaneously securing their status as faux leftist gatekeepers by manipulating the dogma of their movements’ members.

Debunking The “Compatible Left’s” McCarthyist Witch Hunt Narratives

To that second-mentioned end, they regularly carry out McCarthyist witch hunts against those genuine leftists who express any foreign policy views similar to those shared by someone who influential figures in their movement earlier smeared as “fascist”. Those gatekeepers “justify” these never-ending purges, which have the effect of pressuring people into self-censoring their views out of fear that they’ll become the next target of their toxic ad hominem attacks, on the basis of ensuring “ideological integrity”.

According to them, “no true leftist would ever have any idea in common with anyone who isn’t an official member of a (ULG gatekeeper-approved) leftist movement”, thus making those who do supposedly “fake leftists” at best or (“Duginist”) “fascist infiltrators” at worst. In reality, most traditional leftist movements (especially in the West) were hijacked by ULG “sleeper cells” after Trump’s election and turned into “compatible leftist” ones, thus dealing unprecedented damage to the genuinely leftist cause.

Germany Might Be Pioneering The Next Pan-Continental Political Trend

Elements within Die Linke realized this and are therefore doing their utmost to liberate the German left from US-controlled ULG for patriotic reasons related to ultimately restoring their country’s strategic autonomy after its current rulers crippled it by capitulating to America’s demands over the past year. For that to happen, however, they must pragmatically cooperate with likeminded MCS elements from movements like the AfD in order to eventually have a chance of changing Germany’s relevant policies.

This isn’t due to the “horseshoe theory”, which is discredited upon reconceptualizing the New Cold War’s ideological dichotomy as being between ULG and MCS instead of left and right like during the Old Cold War, nor is it attributable to the “red-brown alliance” and “Duginist” conspiracy theories either. It’s simple patriotic pragmatism that’s driving those two’s increasing cooperation on issues of shared interests, which is setting a powerful example that might soon be emulated all throughout Europe.

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

 

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

 

May 032022
 


Andy Warhol Judy Garland 1978

 

Supreme Court Has Voted To Overturn Abortion Rights, Draft Opinion Shows (Pol.)
SCOTUS Draft To Overturn Roe v. Wade Leaked (TCS)
Upon Reread, It Looks Like FAKE NEWS (CTH)
This Is Why Nancy Pelosi And Adam Schiff Were In Kyiv Yesterday (CTH)
New Pure-bred ‘Schrödinger-seizable’ Euros (Vilches)
“Disinformation” is Just a Boot in Your Face (Kunstler)
The Clinton Campaign Is About To Lose Its Privilege Fight (Techno Fog)
Ghosting Propaganda (Dodsworth)
Fraudulent Trial On Ivermectin Published By World’s Top Medical Journal (Kory)
Your Face Is Now a Weapon of War (NI)
The Vacuum Effect of the US Dollar (Lacalle)

 

 

 

 

SBU

 

 

Cernovich:
Hack of the Supreme Court’s email must be presumed, even if that turns out to be inaccurate after a full investigation. This is far too important an issue to speculate that it was a leak. Immediate Special Counsel appointment, unlimited budget.

 

 

 

 

Not acceptable. How can the judges work this way? Was this leaked, or is the court’s email system compromised?

Supreme Court Has Voted To Overturn Abortion Rights, Draft Opinion Shows (Pol.)

The Supreme Court has voted to strike down the landmark Roe v. Wade decision, according to an initial draft majority opinion written by Justice Samuel Alito circulated inside the court and obtained by POLITICO. The draft opinion is a full-throated, unflinching repudiation of the 1973 decision which guaranteed federal constitutional protections of abortion rights and a subsequent 1992 decision – Planned Parenthood v. Casey – that largely maintained the right. “Roe was egregiously wrong from the start,” Alito writes. “We hold that Roe and Casey must be overruled,” he writes in the document, labeled as the “Opinion of the Court.” “It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.”

Deliberations on controversial cases have in the past been fluid. Justices can and sometimes do change their votes as draft opinions circulate and major decisions can be subject to multiple drafts and vote-trading, sometimes until just days before a decision is unveiled. The court’s holding will not be final until it is published, likely in the next two months. The immediate impact of the ruling as drafted in February would be to end a half-century guarantee of federal constitutional protection of abortion rights and allow each state to decide whether to restrict or ban abortion. It’s unclear if there have been subsequent changes to the draft.

No draft decision in the modern history of the court has been disclosed publicly while a case was still pending. The unprecedented revelation is bound to intensify the debate over what was already the most controversial case on the docket this term. The draft opinion offers an extraordinary window into the justices’ deliberations in one of the most consequential cases before the court in the last five decades. Some court-watchers predicted that the conservative majority would slice away at abortion rights without flatly overturning a 49-year-old precedent. The draft shows that the court is looking to reject Roe’s logic and legal protections.

A person familiar with the court’s deliberations said that four of the other Republican-appointed justices – Clarence Thomas, Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett – had voted with Alito in the conference held among the justices after hearing oral arguments in December, and that line-up remains unchanged as of this week. The three Democratic-appointed justices – Stephen Breyer, Sonia Sotomayor and Elena Kagan – are working on one or more dissents, according to the person. How Chief Justice John Roberts will ultimately vote, and whether he will join an already written opinion or draft his own, is unclear.

Read more …

“The court’s holding will not be final until it is published, likely in the next two months.”

SCOTUS Draft To Overturn Roe v. Wade Leaked (TCS)

In an unprecedented turn of events, someone leaked a SCOTUS initial draft majority opinion to overturn Roe v. Wade to Politico. “We hold that Roe and Casey must be overruled,” writes Justice Samuel Alito in the leaked document. “It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.” “…. Roe was egregiously wrong from the start. Its reasoning was exceptionally weak, and the decision has had damaging consequences. And far from bringing about a national settlement of the abortion issue, Roe and Casey have enflamed debate and deepened division.”

The justices that support striking down Roe v. Wade and making abortion a state issue are Justice Alito, Justice Thomas, Justice Barrett, Justice Kavanaugh, and Justice Gorsuch, with Justice Roberts being a flip vote and the three Democrat Justices opposing the overruling. As many have pointed out, leaking a draft of a SCOTUS vote is unprecedented and appears to be a clear attempt to instigate left-wing riots across the country to pressure justices not to overturn Roe v. Wade. There are many potential reasons for doing this. As Politico notes, “Justices can and sometimes do change their votes as draft opinions circulate and major decisions can be subject to multiple drafts and vote-trading, sometimes until just days before a decision is unveiled.


“The court’s holding will not be final until it is published, likely in the next two months.” Moreover, the leak will have huge ramifications regarding the upcoming midterms and even the 2024 general election, as both sides will indefinitely utilize the decision (and even the draft vote if it’s dropped) as the ultimate wedge issue to argue that if Americans don’t vote for a particular candidate, then Roe v. Wade will or won’t be overturned. As it stands, many on Twitter are already calling for the Biden administration to pack the courts, and the Supreme Court has been barricaded as they await the impending riots likely to pop off tomorrow afternoon.

Read more …

Twitter thread by Sundance. “The leak is real, the news is fake. Alito opinion is real. The justice’s concurrances or formal alignments are not. How does the court respond to an accurate Alito opinion, and a non factual alignment?

Why would Politico want to participate in a strategically explosive political effort to manufacture a fear of a not real SCOTUS opinion based on fabricated claims?”

Upon Reread, It Looks Like FAKE NEWS (CTH)

Having read the Politico article carefully, my original suspicions have shifted a bit. “Exclusive: Supreme Court has voted to overturn abortion rights, draft opinion shows “We hold that Roe and Casey must be overruled,” Justice Alito writes in an initial majority draft circulated inside the court.” First, Politico is in the Domestic DOJ/FBI pipeline with the New York Times. CNN = State Dept. WaPo = CIA/Intel. NYT/Politico = FBI/DOJ. So the outlet sourcing leans toward DOJ and Justice Branch coverage. Which makes sense given the leaker is inside SCOTUS giving stolen documents to Politico. However, there’s no citation in the article for the actual alignment of the other justices with the Alito opinion. Factually there’s nothing other than Politico author supposition for judicial alignment with Alito opinion.

There’s nothing cited in the politico report that would indicate this is anything more than just Alito telling his peers what his position on the oral arguments was/is. Essentially, here’s my draft of what I believe. There’s nothing more than that present. Reread it. With no factual citation for the claim that Clarence Thomas, Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett are in concurrence, the article framework could likely be much ado about absolutely nothing. It’s one justice’s opinion, which is not surprising as Alito has already outlined this opinion before. Nothing else. Every reaction is complete projection based on unsubstantiated claims (of concurrences) by the Politico journalist. The “majority” is the part that matters…. and there is zero evidence to substantiate a claim that a majority decision exists.

Upon reread, it looks like FAKE NEWS. Then you switch to motive. Why would Politico want to participate in a strategically explosive political effort to manufacture a fear of a not real SCOTUS opinion based on fabricated claims? The answer to that question is found in the immediate reaction from the political left. Just the accusation alone is enough to trigger the most extreme of leftist base political demands. From that perspective, everyone is reacting to a carefully coordinated con job…. that carries the odor of Ron Klain, the DNC, and a desperately needed political reset for 2022 all over it.

Read more …

“U.S. taxpayers are also going to subsidize farming in Europe and fund the climate change initiatives by paying for the development of alternate energy sources.”

This Is Why Nancy Pelosi And Adam Schiff Were In Kyiv Yesterday (CTH)

The details of the Joe Biden $33 billion supplemental budget allocation have been released. I would strongly urge everyone to read the proposal which now heads to congress for passage. The spending request outlines a massive amount of money for various ideological foreign policy initiatives under the guise of Ukraine relief (it isn’t). The proposal outlines a kickback and bribery scheme. Some of the spending includes an allocation of funds to the State Dept including funds to USAID to “provide $8.8 billion to the Department of State for economic support and assistance to the people of Ukraine and other affected countries, including direct budgetary support, as well as support for food security, democracy, anticorruption, cybersecurity, counter-disinformation, human rights, atrocity documentation, energy, and emergency infrastructure needs.” The request specifically authorizes the transfer of these funds globally, outside of Ukraine.

Apparently, the State Dept is going to set up an international version of DHS “disinformation governance board.” But wait, it gets worse… U.S. taxpayers are also going to subsidize farming in Europe and fund the climate change initiatives by paying for the development of alternate energy sources. “This would include [$500 million] support for small- and medium- sized agrobusinesses during the fall harvest and for natural gas purchases by the Ukrainian state energy company.” Mechanisms to legalize defense contractor kick-backs: “This request would authorize Ukraine to utilize Foreign Military Financing Program funds appropriated in this Act and prior Acts to the Department of State to contract directly with U.S. companies to procure defense related materials which would facilitate the delivery of military assistance and security sector support.”


Mechanisms to spread the money all over government institutions without prior approval: …”This request would provide the authority to reprogram funds appropriated in this Act and prior Acts making appropriations for the Department of State, foreign operations, and related programs for assistance to Ukraine without regard to any minimum amounts specifically designated in such Acts. This authority would provide the needed flexibility to match resources with evolving needs and decrease reliance on new appropriations.” The last segment is a massive change in the U.S. government power to seize Russian private property and assets, sell them to whoever Biden chooses, and then give the proceeds of the sales to U.S. politicians, friends, family members, or perhaps Ukraine President Volodymyr Zelenskyy.

 

 

Pelosi Ze -again-

Read more …

“This will necessarily impact beyond belief a still clueless population which continues to play the role of vassal puppets to Anglo-Saxon malignant dictates..”

New Pure-bred ‘Schrödinger-seizable’ Euros (Vilches)

The EU had already promoted and achieved all-around chaos regarding very simple yet absolutely essential trading terms urgently to be agreed with the Russian Federation. As if that were not enough, now adding fuel to the fire EU member countries continue to dangerously play their traditional fiddles while declaring that “ some contracts are holier than others, didn´t you know ? ” This daring criterion also means getting back to square one with an ever larger and riskier conflict while everybody´s patience is running thin. If Europe does not reverse course within a very limited time frame it will needlessly smash itself head-on against a very harsh reality. Once triggered, the subsequent uncontrolled demolition cannot rewind no matter how many desperate “emergency meetings” EU officials call for.

The EU has now come up with a ground-breaking legal criterion that international jurisprudence should rapidly adhere to and possibly improve. Thus it could include it in Treaties and other important legislation and, in view of its apparent virtues, even apply it ex-post-facto such as in this case. By the way, with this new international flat-Earth public policy, the EU would be the only party entitled to unilaterally uphold some contracts and not others per its own wishes and convenience as if it were a God-given right. Not anybody else, no way. So Europe, supposedly the cradle of Western civilization, is now trying hard to earn “The Joker” award disregarding the livelihood of at least 800 million human beings plus serious negative impact upon the rest of the world. Granted, history will not be kind with EU leaders.

Obviously, in view of the above, the interruption of Russian imports – including very specific, exclusive, and unreplaceable grades of Russian natural gas, oil, and coal – is now definetly in the cards for some or all European countries. This will necessarily impact beyond belief a still clueless population which continues to play the role of vassal puppets to Anglo-Saxon malignant dictates without actually following how they are being had. Four weeks ago, in view of the massive seizure of its legitimate funds, Russia was left with the only option of requiring Rubles as payment for its exports as such currency is exclusively under Russia´s purview and thus cannot be freezed and/or seized by any stakeholder, EU included. And negotiations were making very definite progress along such lines up until the past week.

A month ago, the only real problem was for EU countries to find Rubles other than by selling their “theoretical” gold bullion vaulted in the UK and the US which many claim is either non-existent or highly encumbered with many dozens of claimees standing in line. So the alternative viable solution wisely found up until last week was to convert euros into Rubles at Russia´s Gazprombank as it had not been sanctioned – at least not yet – as possibly the EU had foreseen its role for the proposed solution at hand. So Vladimir Putin, President of Russia, took the trouble to personally explain the exact simple two-step payment procedure by phone conversation with German Chancellor Olaf Scholz. By the way, the procedure is so simple and so straight-forward that even tie-wearing boomers can understand it.

But now European governments and energy companies are proudly rejecting the idea of paying in Rubles on the basis that gas import contracts clearly specify that the allowed currencies to be used for payment are only euros or dollars, not Rubles. Accordingly, they argue that one side of the deal – in this case the Russian Federation – cannot change such contractual obligation by its own decision (!). The EU now says “This is an absolutely clear circumvention of the EU sanctions.” “Opening a Ruble account at Gazprombank in and by itself may breach the EU sanctions…”

Read more …

“If Mr. Biden is still on-the-scene in January next year, he’ll be the first president not only impeached but convicted and removed by the Senate..”

“Disinformation” is Just a Boot in Your Face (Kunstler)

Now we have the Disinformation Governance Board to be run by a TikTok musical comedy star, Nina Jankowicz, an instant laughingstock, since retailing disinformation has been her main occupation in the scant years she’s been on the Deep State scene. Ms. Jankowicz is a notorious RussiaGate hoaxer and psy-op agent in the October 2020 emergence of Hunter Biden’s laptop. She has zero credibility as anything but a professional falsifier. Her Disinfo Governance Board has no authority to regulate anything. It’s just a lame charade that can only draw more attention to the Left’s hatred of truth and reality. The Left pretends that free speech is a threat to civilization because, as usual, they are projecting psychologically. Their world is a mirror. In fact, the Left is a threat to civilization.

Behind all this is the growing panic in the Left that they are culpable for an enormous raft of crimes committed against their own country, and will eventually end up in court, in prison, or worse. Mr. Durham is just the leading edge of what will eventually be a heavy blade of judgment falling down on their necks. He’s busy sorting out the “Russia collusion” flimflam that turned into a coup to oust Mr. Trump, but that is only the beginning. In November, the Democrats will lose control of Congress and its oversight powers of agency operations, and in 2023 there will be inquiries galore into the neo-Jacobin craziness imposed on our country by the folks behind “Joe Biden.”

That includes such dicey matters as the several years of malevolent mismanagement of Covid-19, which looks more and more like a deliberate effort to kill a large number of citizens, and then moving along to the behind-the-scenes official support for those 2020BLM /Antifa riots, the ballot shenanigans around the last presidential election, the colossal failure to enforce border security (featuring Homeland Security Secretary Alejandro Majorkis), the Biden Regime’s conduct in provoking and prolonging the war between Russia and Ukraine, and (not least) the overseas moneygrubbing of President Biden’s family, as documented in Hunter’s laptop. I’m sure I left a few things out.

If Mr. Biden is still on-the-scene in January next year, he’ll be the first president not only impeached but convicted and removed by the Senate. And if for some reason he avoids criminal prosecution for treason out of some pitiful need for the government to maintain official decorum before the rest of the world, his brothers and his degenerate son may not be so lucky.

Read more …

“..the DNC and Hillary for America violated the law by hiding the real purpose of payments meant for Fusion GPS as “legal and compliance consulting.”

The Clinton Campaign Is About To Lose Its Privilege Fight (Techno Fog)

As part of the prosecution of former Clinton Campaign/DNC lawyer Michael Sussmann: Special Counsel Durham is seeking the following e-mails/communications that have been either redacted or hidden from his review: Documents involving Fusion GPS’s provision of opposition research and media-related strategies to Hillary for America, the DNC, and Perkins Coie. This includes the Fusion GPS/Perkins Coie contract and 38 e-mails and attachments between and among Fusion GPS, Rodney Joffe, and Perkins Coie. Communications between Fusion GPS and Rodney Joffe relating to the Alfa Bank allegations, and “other emails that precede, and appear to relate to, those communications.” This include emails between Joffe and Laura Seago, whom Durham has subpoenaed as a trial witness.

The Clinton Campaign (including Robby Mook and John Podesta), Fusion GPS, Perkins Coie, Rodney Joffe, and the DNC are fighting to keep these e-mails and records secret, reasoning Fusion’s “role was to provide consulting services in support of the legal advice attorneys at Perkins Coie were providing to” the Clinton Campaign. That argument – that Fusion GPS was helping with “legal advice” – is hopefully the last conspiracy theory they’ll provide to the public, after Fusion GPS has already poisoned the America, through the FBI, DOJ, and the press, with baseless allegations of secret back-channels between Trump Organization and Russian marketing servers, piss tapes, and broader allegations of Trump/Russia collusion.

Today, Special Counsel Durham addressed those arguments by providing to the court the FEC findings where the agency found “probable cause to believe” the DNC and Hillary for America violated the law by hiding the real purpose of payments meant for Fusion GPS as “legal and compliance consulting.” In support, he provided the First (link) and Second (link) General Counsel Reports, which recommend that the Federal Election Commission find the DNC and Hillary for America violated election laws (52 USC 30104(b)(5)(A)) “by misreporting the payee of the funds paid to Fusion GPS through Perkins Coie LLP.” While much of the information in these now-public reports has been known for years (Glenn Simpson’s testimony to Congress, for example), they provide additional context – and newly uncovered details – on how the FEC dismantled the bogus Hillary for America/DNC Billing.

Read more …

“He emblemised wartime courage as Father Christmas does the spirit of giving.”

Ghosting Propaganda (Dodsworth)

He was not written into existence by “Ukrainians” but by the Ukrainian authorities. The Ukraine Security Service originally showed a fighter pilot on Telegram, with a caption calling the Ghost of Kyiv an “angel” for downing 10 Russian planes. The Ukrainian military released a photograph on Facebook of the Ghost of Kyiv in March 2022 with the caption, “Hello, occupier, I’m coming for your soul!” His name evoked the dark hero of a fairy tale. His feats were exaggerated, gathering mythic status. Whereas an ‘ace’ might eliminate 5 enemy aircraft, the Ghost was reputed to have downed about 40 Russian pilots. He didn’t seem real. And now we know that he was a purposeful piece of propaganda. He emblemised wartime courage as Father Christmas does the spirit of giving.

[..] This has not been the only Ukrainian propaganda. (Of course there has been Russian propaganda too, but it’s not for this article.) BBC Breakfast used old footage of a Russian parade to show the invasion of Ukraine. It’s hard to see how it was used in error, but that’s the claim. An early, blurry video claiming to show a Ukrainian girl confronting a Russian soldier actually showed a Palestinian girl confronting an Israeli soldier. Billboards declaring “Be brave like Ukraine” were displayed in London, Rome, New York, Amsterdam, Washington and Stockholm. A powerful campaign entitled “Stop Bloody Energy” – again in English, for us and the international audience – linked buying Russian fuel directly with funding the Russian war campaign and calls on us to stop financing terror and genocide.

The masterfully produced but gruesome video includes real life footage of dead bodies. (Not necessarily verified.) The video is produced by Ukrainian energy companies. The irony is that every modern machine of war uses oil. (We’ve also never seen anything like this to persuade us of the immorality of buying goods from China which is arguably ethnically cleansing the Uyghurs.) Ukrainian propaganda has been enthusiastically received. Social media avatars switched from masked faces to Ukraine flag colours overnight. Beyond the support which is natural and due to a country which has been invaded, I wonder if the enthusiasm also signalled the relief of having a good old-fashioned baddie. During Covid, we were all vectors of disease and potential ‘enemy agents’. Once more, the enemy is located in a distant snowy country with a red button at his fingertips. We can follow a war which pits us against Russkies, not our neighbours, families and co-workers, and sink into a fear which is familiar. It’s close, but not too close.

Azov

Read more …

BMGF = Bill and Melinda Gates Foundation.

Fraudulent Trial On Ivermectin Published By World’s Top Medical Journal (Kory)

Big Pharma (Pfizer and BMGF from what it looks to me) dropped another nuclear bomb on ivermectin 3 weeks ago with their successful publication of the fraudulent Brazilian TOGETHER trial. They did it in one of the world’s top read and rated medical journals, the New England Journal of Medicine (NEJM), a journal born in the year 1812, but captured by Pharma for who knows how long now. This is an open secret as per former Editor Marcia Angell in the book Drug Companies & Doctors: A Story of Corruption: “It is simply no longer possible to believe much of the clinical research that is published, or to rely on the judgment of trusted physicians or authoritative medical guidelines. I take no pleasure in this conclusion, which I reached slowly and reluctantly over my two decades as an editor of The New England Journal of Medicine.” -Dr. Marcia Angell.

First off, the saddest part of this fraud is that the TOGETHER trial’s published conclusion brazenly contradicted the data within the manuscript as it actually showed an 81% “Bayesian” probability of the superiority of ivermectin. But media and science reporters no longer critically analyze the data or questions the abstract’s conclusion, instead they all trumpet headlines in unison that “ivermectin doesn’t work in COVID.” Further contributing to the catastrophic toll of human life due to yet another deployment of “the Diversion,” a Disinformation tactic that Big Pharma employs when “science inconvenient to their interests” emerges.

Their first successful Disinformation campaign was against hydroxychloroquine in 2020, and despite Robert Kennedy’s in-depth, highly referenced and detailed exposing of the numerous sinister actions against HCQ in his best-selling book called “The Real Anthony Fauci,” they are again having success against ivermectin (just not as much – I would credit the work of the physician leaders and science experts of numerous non-profit, non-conflict-of-interest groups such as the US’s FLCCC, American Association of Physicians and Surgeons, Truth For Health, Covid Early Treatment Fund, South Africa’s Transformative Health Justice, UK’s World Council for Health, the Canadian COVID Care Alliance, and the anonymous C19early.com group among others).

Yet real people, real families, across the world destroyed each day by a lack of access to or support for safe, effective, early treatments with repurposed, generic medicines such as ivermectin, fluvoxamine, or hydroxychloroquine. All a direct result of Big Pharma and BMGF tactics like this one. Time to remind ourselves that BMGF is not a philanthropic organization but rather a corporation with massive investments in vaccines (and many other problematic industries) that has been corrupting public health the world over in service of the vaccine industry for decades now, none more so than in the last two years. By the way, what kind of philanthropist organization.. increases its wealth in a global pandemic?

MEP
https://twitter.com/i/status/1521326246076219392

Read more …

“it plans to have scraped 100 billion facial images from the internet.”

Your Face Is Now a Weapon of War (NI)

Who owns your face? You might think that you do, but consider that Clearview AI, an American company that sells facial recognition technology, has amassed a database of ten billion images since 2020. By the end of the year, it plans to have scraped 100 billion facial images from the internet. It is difficult to assess the company’s claims, but if we take Clearview AI at face value, it has enough data to identify almost everyone on earth and end privacy and anonymity everywhere. As you read these words, your face is making money for people whom you’ve never met and who never sought your consent when they took your faceprint from your social media profiles and online photo albums. Today, Clearview AI’s technology is used by over 3,100 U.S. law enforcement agencies, as well as the U.S. Postal Service.

In Ukraine, it is being used as a weapon of war. The company has offered its tools free of charge to the Ukrainian government, which is using them to identify dead and living Russian soldiers and then contact their mothers. It would be easy to shrug this off. After all, we voluntarily surrendered our privacy the moment we began sharing photos online, and millions of us continue to use websites and apps that fail to protect our data, despite warnings from privacy campaigners and Western security services. As so many of us sympathize with Ukraine and are appalled by Russia’s brutality, it is tempting to overlook the fact that Ukraine is not using Clearview AI to identify dead Ukrainians, which suggests that we are witnessing the use of facial recognition technology for psychological warfare, not identification. Some people will be fine with the implications of this: if Russian mothers have to receive disturbing photos of their dead sons, so be it.

To understand why we might want to rethink the use of facial recognition technology in conflict, consider the following thought experiments. First, imagine that it was Russia that had scraped Ukrainian biometric data from the internet to build a facial recognition technology tool which it was using to identify dead Ukrainians and contact their mothers. Liberal democracies would likely condemn these actions and add them to its growing list of Russia’s barbaric actions. Second, imagine a conflict in which the United States was fighting against an opponent who had taken American faceprints to train its facial recognition technology and was using it to identify dead American soldiers and contact their mothers. This would almost certainly cause howls of protest across the United States. Technology executives would be vilified in the press and hauled before Congress, where lawmakers might finally pass a law to protect Americans’ biometric data.

Read more …

“..the US dollar has created the conditions to be the most demanded currency simply because other central banks have been much more reckless.”

The Vacuum Effect of the US Dollar (Lacalle)

April 2022 will go down in history as a milestone that has only been seen on three previous occasions since 1973. A month in which the S&P500 Index and US Treasuries have fallen at the same time, 5% and 2% respectively. Additionally, the US dollar has appreciated against the main currencies with which it trades and reaches a new year high. Years of monetary laughing gas have not diminished the strength of the US dollar as world reserve currency, rather the opposite. Now we witness the vacuum effect. Inflows into the US dollar in a period of risk aversion. The PBOC, the Central Bank of China has had to give in and allow an aggressive devaluation of the yuan, although it tried to keep the currency stable via capital controls and a daily fixing.

The government-programmed weakness of the yuan is probably designed to provide a boost to the Chinese economy in a slowdown and dissolve part of the yuan-denominated debt. However, it reduces the Chinese yuan’s appeal as an alternative to the US dollar as global investors may fear both the central bank fixing as well as the tight capital controls imposed in China. It is not surprising, for example, that many commodity-exporting countries’ currencies have weakened against the US dollar despite rising exports and foreign exchange inflows. From the Norwegian krone to the currencies of major exporters, it seems only the Brazilian real appears to be holding strong… and that’s because it’s had several atrocious years, so it is more a bounce than an appreciation.

[..] It is very worrying that the European Central Bank is allowing the euro to get dangerously close to parity with the US dollar because of its obsession with staying far away from the normalization process of other central banks. The global demand for euros is falling, and the trade surplus that supported the European currency is diminishing. All those who defend a weak euro should look at reality. Empirical evidence shows that the eurozone does not export more due to a weak euro, but with products of higher added value. With a weak euro, imports skyrocket and become more expensive. Thus, the US dollar has created the conditions to be the most demanded currency simply because other central banks have been much more reckless.

Read more …

 

 

 

 

 

Ron Johnson

 

 

 

 

Seneff

 

 

Musk and mum

 

 

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

 

 

 

Apr 282021
 


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

 

COVID Pill That Cures Body At First Signs Of Infection May Come This Year (JTN)
Single Dose Of Covid Vaccine Can Nearly Halve Transmission Of Virus (G.)
The BBC & Bloomberg on India: B Stands For Bullshit. (Slog)
Oxford Jab ‘Could Be Banned For Under-40s’ After Blood Clot Reports Double (Metro)
A New World Order Brought To You By COVID-19 (Whitehead)
Scientists “Debunking” The Wuhan Lab Leak Theory Linked to CCP (NP)
Don’t Look Now (Jim Kunstler)
Supply Chains Implode As “Price Doesn’t Even Matter Anymore”
Gundlach Rejects The Fed’s “Inflation Is Transitory” Narrative (ZH)
CNN’s New “Reporter,” Natasha Bertrand, is a Deranged Conspiracy Theorist (Greenwald)
The Deep State Targets Matt Gaetz (AG)
Apple iOS 14.5 Update Includes ‘App Tracking Transparency’ Feature (G.)
Google Ad Surge Drives Up Profits For Parent Firm Alphabet (Y!)
Hunter Biden To Guest Teach A Class On “Fake News” This Fall (DM)

 

 

I forget who drew my attention to this UK government report, Covid-19 Response Spring 2021, but it paints a very stark and completely ignored reality: only 66% of people can ever be successfully vaccinated and may be protected.

34% either can’t be jabbed for medical reasons, or the vaccines don’t catch on. And that’s assuming full uptake, which of course you’ll never ever get. So the number of not successfully vaccinated will be higher than 34%, perhaps quite a bit, no matter the PR campaigns and threats.

This should put the entire Covid response on its head, but for some reason it doesn’t. Those 34+% would appear to be ineligible for a “vaccine passport” as well, depriving them of basic human rights.

 

 

 

 

Lemme guess: Pfizer waits until everyone has been vaccinated, and then introduces this pill?

COVID Pill That Cures Body At First Signs Of Infection May Come This Year (JTN)

The Pfizer pharmaceutical company is conducting trials on an antiviral drug could be ready for public use later this year that is intended to attack the spine of the SARS-CoV-2 virus and result in a cure to the sickness. The oral drug would stop the virus from mutating in the nose, throat and lungs, according to The Telegraph newspaper, ultimately causing the virus to dissipate. The possible home cure is being tested on 60 volunteers ages 18 and 60 at Pfizer facilities in the U.S. and Belgium. “We have designed PF-07321332 as a potential oral therapy that could be prescribed at the first sign of infection, without requiring that patients are hospitalized or in critical care,” said Mikael Dolsten, who leads the company’s worldwide research, development and medical division.


The first phase of the trial looks at the tolerance to the drug including “significant side effects, and how people feel after taking it,” according to documents. The second phase studies the response to several doses, and the third phase looks at food consumption while taking the pill. More trials would be needed to determine how the drug reacts with people who are infected with the virus. Pfizer says if the trials are successful the drug could be available for public use later this year.

Read more …

VItamin D can do that too. Ivermectin can do more.

Single Dose Of Covid Vaccine Can Nearly Halve Transmission Of Virus (G.)

A single dose of a Covid-19 vaccine can slash transmission of the virus by up to half, according to a Public Health England study. The PHE finding offers further hope that the pandemic can be brought under control as it indicates that vaccinated people are far less likely to pass the virus on to others. The study found that people given a single dose of either the Pfizer/BioNTech or Oxford/AstraZeneca vaccines – and who became infected at least three weeks later – were between 38% and 49% less likely to pass the virus on to people living in their homes, compared with those who were unvaccinated. Protection was seen from about 14 days after vaccination, with similar levels regardless of a person’s age. Other studies have already shown that both vaccines are highly effective at stopping people getting sick and ending up in hospital.

Experts will now assess whether two doses of vaccine can cut transmission of the virus even further, and more work is being carried out on transmission in the general population. PHE said similar results could be expected in places where the risk of transmission is like in the home, such as shared accommodation and prisons. The health secretary, Matt Hancock, said: “This is terrific news – we already know vaccines save lives and this study is the most comprehensive real-world data showing they also cut transmission of this deadly virus. “It further reinforces that vaccines are the best way out of this pandemic as they protect you and they may prevent you from unknowingly infecting someone in your household.

Read more …

I’m guessing the truth is somewhere in the middle. India is not doing great right now, but it’s also not collapsing.

The BBC & Bloomberg on India: B Stands For Bullshit. (Slog)

Unless you made an early getaway to Planet Drongo before the lockdown, you will have read pretty much everywhere that “India sees world’s highest daily cases amid oxygen shortage”. In fact, the BBC tells us that “some people” have died waiting for oxygen, the Indian health service is “completely overwhelmed” and the country now has “sixteen million cases”. So it’s a disaster, right? Well actually, no – it isn’t. The Indian health ministry has already made it clear that the Covid19 variant they’re dealing with this year has “a considerably lower death rate than the previous version”. Go to the Worldometer site, and you’ll see that India’s deaths per million is a minute 134: that’s 7% of the US and French figures, 6% of the UK and Italy’s and the lowest by far of any country in the Top 30 for cases.

Virtually no vaccination has been undertaken in India (only 1.3% are fully vaccinated) and the country is not using lockdowns. The Times of India has just denied the BBC’s ‘deaths from oxygen shortage’ fakery. What India IS doing, however, is employing the anti-inflammatory drugs tocilizumab and itolizumab and the antivirals favipiravir and hydroxychloroquine on a very wide scale. Go to Pharma site/accolyte spaces, and you’ll see all four drugs being rubbished: the Pharmafia and their bureaucratic whores don’t want any signs of a success to get out. But the Truth already is out there: India is doing spectacularly well without either vaccines or lockdown. You won’t find that reality expressed anywhere in the Western MSM, but the facts show that its infection management drugs have delivered one of the lowest case to death rates on the planet.

Not that you’d notice, reading Bloomberg: “India saw the world’s biggest one-day jump in coronavirus cases ever as a ferocious new wave grips the country, overwhelming hospitals and crematoriums and prompting frantic cries for help on social media. The South Asian nation reported 314,835 new infections Thursday, topping a peak of 314,312 recorded in the U.S. on Dec. 21. People took to Twitter and Instagram to call for everything from hospital beds to medicine and doorstep Covid-19 tests. The grim milestone shows how the pandemic crisis has shifted firmly to the developing world, where variants and complacency are threatening containment measures and there’s a lack of vaccines, with supplies dominated by richer nations.”

It’s a pack of lies from end to end. India has a population of 1.4 billion people – so overcrowding is almost generic – and being four times more people than the US, the comparison with America is completely ludicrous. Hospitals do not get overwhelmed when 134 folks out of a million get ill. India’s water purity and basic hygiene measures are very Third World. Yet despite all that, it is doing phenomenally well against Covid….by having and doing respectively none of the advantages and policies of the West.

Read more …

“..the total number of people in the UK who developed blood clots after getting one dose has gone from 79 to 168 in a fortnight..”

Oxford Jab ‘Could Be Banned For Under-40s’ After Blood Clot Reports Double (Metro)

Under-40s may be offered an alternative to the Oxford-AstraZeneca vaccine after blood clot reports doubled, reports claim. The chance of dying from a blood clot after having the jab is about one in one million – with 19 fatalities from around 20 million vaccinations. However, the total number of people in the UK who developed blood clots after getting one dose has gone from 79 to 168 in a fortnight, Medical Healthcare Products and Regulatory Agency (MHRA) data suggests. These new cases have taken the odds of experiencing a blood clot up from one in 250,000 to one in 126,000. The MHRA has reiterated that the benefits of the Oxford-AstraZeneca jab outweigh the risks for most people – but is considering offering under-40s the Pfizer or Moderna vaccine given that younger people are more likely to be affected by blood clots, The Telegraph claims.


It comes after the Joint Committee on Vaccination and Immunisation (JCVI) decided that under-30s should be offered an alternative to the Oxford jab. Currently, anyone over the age of 45 can get a jab in England. Over-50s in Scotland and Wales are being offered their doses, while Northern Ireland has already started vaccinating over-35s. Deputy chief medical officer Jonathan Van-Tam said on April 7 that 0.8 per 100,000 30 to 39-year-olds suffered serious blood clots after getting their Oxford/AstraZeneca jab. This was compared to 2.7 in 100,000 who would be kept out of intensive care by taking the vaccine. But these figures were based on fewer cases and the MHRA is yet to release what these odds are now 168 people have had blood clots.

Read more …

“The new platinum card of the Covid age is the vaccine certificate.”

A New World Order Brought To You By COVID-19 (Whitehead)

The COVID-19 pandemic has propelled us into a whole new global frontier. Those hoping to navigate this interconnected and highly technological world of contact tracing, vaccine passports and digital passes will find themselves grappling with issues that touch on deep-seated moral, political, religious and personal questions for which there may be no clear-cut answers. We are about to find our ability to access, engage and move about in the world dependent on which camp we fall into: those who have been vaccinated against COVID-19 and those who have not. “It is the latest status symbol. Flash it at the people, and you can get access to concerts, sports arenas or long-forbidden restaurant tables. Some day, it may even help you cross a border without having to quarantine,” writes Heather Murphy for the New York Times.


“The new platinum card of the Covid age is the vaccine certificate.” This is what M.I.T. professor Ramesh Raskar refers to as the new “currency for health,” an apt moniker given the potentially lucrative role that Big Business (Big Pharma and Big Tech, especially) will play in establishing this pay-to-play marketplace. The airline industry has been working on a Travel Pass. IBM is developing a Digital Health Pass. And the U.S. government has been all-too-happy to allow the corporate sector to take the lead. Spearheaded by the National Security Agency (NSA), which has shown itself to care little for constitutional limits or privacy, the surveillance state has come to dominate our government and our lives. Yet the government does not operate alone. It cannot. It requires an accomplice. Thus, the increasingly complex security needs of our massive federal government, especially in the areas of defense, surveillance and data management, have been met within the corporate sector, which has shown itself to be a powerful ally that both depends on and feeds the growth of governmental bureaucracy.

Read more …

I’m not much into CCP bashing, but also not into too many coincidences.

Scientists “Debunking” The Wuhan Lab Leak Theory Linked to CCP (NP)

Several researchers used by leading corporate media outlets to debunk claims that COVID-19 originated at the Wuhan Institute of Virology have previously attended events or accepted awards from the controversial lab, The National Pulse can reveal. The researchers’ Chinese Communist Party ties – which present a clear conflict of interest – are omitted from the media reports, which instead present the scientists as unbiased adjudicators of COVID-19’s origins. In March 2020, NBC Science Contributor Dr. Joseph Fair called for the Trump administration to “stop blaming China” for the outbreak of the virus, despite mounting evidence – even at the time – that China was hiding information and data, and silencing whistleblowers. Dr. Fair equated called the lab leak theory – now increasingly mainstream – as a “conspiracy.”

Fair spoke at the Wuhan Institute of Virology (WIV) in 2013, The National Pulse can reveal. “During the visit, he attended “Ge Hong Elite Forum” and gave an excellent academic report named “Biosafety Level 4 Containment Research and Recombinant Biology: How advances in molecular biology can advance in-vitro product design”. Many teachers and students, including Director Chen Xinwen and researchers such as Hu Zhihong and Wei Hongping, listened to the report,” a summary notes. “Dr. Joseph Fair is now engaged in the rapid diagnosis work of virulent viruses for GVFI and looks forward to cooperating with the Institute in the relevant research field in future,” the description adds. Fair’s Twitter account also contains posts describing WIV researchers as “collaborators,” “colleagues” and friends,” adding “I’ve very much enjoyed working with them over the years.”

Fair has praised the labs “openness with regards to sharing data” despite the institute erasing 16,000 virus samples in late 2019 and continuing to do so throughout the pandemic. Dr. Ian Lipkin, who’s seen his claims that there is “no evidence to suggest that [COVID-19] was created in a lab” amplified by outlets such as CBS and USA Today, also spoke at the WIV, in 2015. “He had given an excellent report on “Small game hunting”, which was presided by Professor Zhengli Shi, to the teachers and students in our institute,” a WIV summary revealed. The unearthed visit follows National Pulse reports highlighting Lipkin receiving awards from the Chinese Communist Party and describing himself as a “consultant” for the communist regime.

Read more …

“..the supernatural victory on Super Tuesday that rescued his pitiful old ass from the glue factory of broken-down political war-horses.”:

Don’t Look Now (Jim Kunstler)

This was only one of countless mysteries orbiting around the dimming star that is Joe Biden. The biggest one, the planet Jupiter of all puzzlements, is how the guy managed to get elected occupant of the oval office. Or, more to the point, how did others manage to get him elected? I mean, considering those few embarrassing campaign forays from the basement to a bunch of empty parking lots back in the fall of 2020, not to mention the supernatural victory on Super Tuesday that rescued his pitiful old ass from the glue factory of broken-down political war-horses. We may be about to find out as Arizona’s State Senate finally got around to approving a full audit of the November 3rd vote in Maricopa County, comprising Phoenix and its asteroid belt of suburbs, which amounts to more than two-thirds of the state’s population.

The Democratic Party tried pretty hard to stop the durned thing, sending its gnarliest Lawfare warrior, one Marc Elias from the Clinton-indentured DC firm of Perkins Coie, and a posse of 70 other attorneys, to bury the proceedings in court orders. But all they got was a weekend pause from an Arizona judge who imposed a $1-million-dollar bond payment on the Democrats to cover expenses for the interruption — which would then be forfeited if the audit went forward. The Dems declined to pay up, so the pause was lifted and the audit goes forward today. The usual suspects in the mainstream media attempted to bury the Arizona vote audit story or denigrate it — for instance the The New York Times, which characterized the inquiry in its Saturday lede as “false claims of a stolen election,” and then “a snipe hunt for skullduggery,” before asserting the boilerplate “baseless theories of election theft” to seal the deal with its avidly credulous readership.

Rachel Maddow of MSNBC practically jumped up and down going woo-woo-woo to discredit the audit. What do you suppose they’re afraid of? I’ll tell you: For one thing, if the vote turns out to have been compromised by fraud, Arizona is liable to lose a Democratic senator elected on Mr. Biden’s (possibly) phantom coattails — Mark Kelly (D) who defeated incumbent Martha McSally (R) — which would cancel the Democrats’ current one-vote majority grip on the body. The result of that would be the end of the party’s effort to jam various new laws down America’s craw: DC statehood, the HR-1 voter fraud act, the Supreme Court-packing bill, and, actually, anything else on the party’s Satanic wish-list for disassembling the republic.

Read more …

“.. it will almost feel like trade is coming to a halt.”

Supply Chains Implode As “Price Doesn’t Even Matter Anymore”

The number of container ships stuck at anchor off Los Angeles and Long Beach is down to around 20 per day, from 30 a few months ago. Does this mean the capacity crunch in the trans-Pacific market is finally easing? Absolutely not, warned Nerijus Poskus, vice president of global ocean at freight forwarder Flexport. “It’s not getting better. It’s getting worse,” he told American Shipper in an interview on Monday. “What I’m seeing is unprecedented. We are seeing a tsunami of freight,” he reported. “For the month of May, everything on the trans-Pacific is basically sold out. We had one client who needed something loaded in May that was extremely urgent and who was ready to pay $15,000 per container. I couldn’t get it loaded — and we are a growing company that ships a lot of TEUs [twenty-foot equivalent units]. Price doesn’t always even matter anymore.”

Poskus said that trans-Pacific import volumes are still rising. He noted that January trans-Pacific imports were up 10% versus 2019 (comparisons to 2020 numbers are skewed by COVID) and 13.5% in February, then jumped 51% in March. “So, we’re now at 1.5 times pre-pandemic levels.” With imports far outpacing retail sales growth, he attributed volumes to inventory restocking. “The restocking is actually affecting the trade even more than growth in demand. That tells me that this will last even longer. Let’s say U.S. consumer demand slows down in Q3 and Q4. That’s not expected, but even if it does, [capacity availability and rates] shouldn’t improve quickly, simply because of the huge restocking demand.”

Poskus also believes there is a growing export backlog piling up each day in Asia, awaiting available ship slots. If that backlog grows too big, he said, “I honestly don’t know what’s going to happen.” As a result of the backlog and restocking demand, he thinks “prices will remain high and shipping will probably remain difficult for the rest of this year. And then after that, you have the peak for Chinese New Year in 2022.” He said that the situation today is the worst he’s witnessed — and he believes it’s about to get even more severe. “Buckle up. The month of May will be the worst people have ever seen,” he predicted. Because some shippers will have to wait in line behind the growing backlog in Asia, he expects “what’s going to happen soon is that some importers won’t even be able to get on the boat. For them, it will almost feel like trade is coming to a halt.”

Read more …

“.. it really depends on just how much manipulation the authorities are willing to do.”

Gundlach Rejects The Fed’s “Inflation Is Transitory” Narrative (ZH)

Don’t believe your lying eyes, will be the message tomorrow from The Fed’s Jay Powell as he hypnotizes investors to believe that “inflation is transitory” and they have “the tools” to manage it. ‘Bond King’ Jeff Gundlach is not buying that line and told BNN Bloomberg in an interview this morning. “…more importantly, I’m not sure why they think they know it’s transitory… how do they know that?” “…there’s plenty of money-printing that’s been going on, and we’ve seen commodity prices going up massively… home prices in the US are inflating very substantially… so there’s a lot of inflation that’s already baked in to input prices.” Gundlach does admit that Powell has a point in the very near term as the prints were about to see “which could be as high as 4% [for CPI]” are off of year-ago, very depressed levels.

“…what he means by transitory is that the base effect will lead to problems in the next few months but then the base effect will become less problematic.” But, Gundlach adds, “it’s not clear to me that inflation is going to go back down to around 2 to 2.5%… we don’t know, nobody knows… but we’re most concerned with the fact that The Fed thinks they know.” This is worrisome because The Fed’s track record is anything but inspiring… “when I go back to the global financial crisis, when we almost had a complete meltdown of the financial system, Ben Bernanke completely missed all of the problems that led to the crisis.” Bernanke’s infamous “contained to subprime… and subprime is only a sliver of the market” comments could be about to be trumped by Powell’s “inflation is transitory” comments as Gundlach warns “there’s plenty of indicators that suggest inflation is going to go higher and not just on a transitory basis.”

The Fed is “trying to paint the picture” of control, but Gundlach tries to make clear: “they’re guessing.” So, what does that mean for markets? While some fear “we ain’t seen nothing yet” in terms of yields rising (and multiple contraction), Gundlach notes that “it really depends on just how much manipulation the authorities are willing to do.” The billionaire fund manager notes that yields are “still very low… well below the current inflation rate… so we have negative yields everywhere on the yield curve.” It’s also “hard to figure out who’s going to buy the bonds,” he notes, “as we are about to see issuance like we have never seen before.” Foreigners have been selling bonds for years and domestically there is little demand, so Gundlach notes the only one left to soak up all this extra supply is The Federal Reserve, which has already expanded its balance sheet massively in the last 12 months.

“Who’s going to buy all these many trillions of dollars of bonds? Foreigners have been selling for years and they’ve accelerated their selling in the last several quarters, domestic buyers are not exactly selling, but they’re not adding to their holdings. So what’s left to absorb all of the spawn supply is the Federal Reserve.“ “Left to true, free markets, bond yields at the long-end would obviously be higher than they are now.”

Read more …

“Each month, Bertrand produced dozens of Russiagate articles for the site that were so unhinged that they made Rachel Maddow look sober, cautious and reliable.”

CNN’s New “Reporter,” Natasha Bertrand, is a Deranged Conspiracy Theorist (Greenwald)

The most important axiom for understanding how the U.S. corporate media functions is that there is never accountability for those who serve as propagandists for the U.S. security state. The opposite is true: the more aggressively and recklessly you spread CIA narratives or pro-war manipulation, the more rewarded you will be in that world. [..] On Monday, CNN made clear that this dynamic still drives the corporate media world. The network proudly announced that it had hired Natasha Bertrand away from Politico. In doing so, they added to their stable of former CIA operatives, NSA spies, Pentagon Generals and FBI agents a reporter who has done as much as anyone, if not more so, to advance the scripts of those agencies.

Bertrand’s career began taking off when, while at Business Insider, she abandoned her obsession with Russia’s role in Syria in 2016 in order to monomaniacally fixate on every last conspiracy theory and gossip item that drove the Russiagate fraud during the 2016 campaign and then into the Trump presidency. Each month, Bertrand produced dozens of Russiagate articles for the site that were so unhinged that they made Rachel Maddow look sober, cautious and reliable. In 2018, it was Jeffrey Goldberg himself — knowing a star CIA propagandist when he sees one — who gave Bertrand her first big break by hiring her away from Business Insider to cover Russiagate for The Atlantic. Shortly thereafter, she joined the Queen of Russiagate conspiracies herself by becoming a national security analyst for MSNBC and NBC News.

From there, it was onto Politico and now CNN: the ideal, rapid career climb that is the dream of every liberal security state servant calling themselves a journalist. Her final conspiratorial article for The Atlantic before moving to Politico is the perfect illustration of who and what she is. CNN’s new national security star was no ordinary Russiagate fanatic. There was no conspiracy theory too unhinged or evidence-free for her to promote. As The Washington Post’s media reporter Erik Wemple documented once the Steele Dossier was debunked, there was arguably nobody in media other than Rachel Maddow who promoted and ratified that hoax as aggressively, uncritically and persistently as Bertrand. She defended it even after the Mueller Report corroborated virtually none of its key claims.

Read more …

Smear sells.

The Deep State Targets Matt Gaetz (AG)

It’s now been over three weeks since a torrent of sensational headlines about U.S. Representative Matt Gaetz (R-Fla.) blared from corporate media newsrooms. It sounded about as bad as it could get for the representative from Florida’s 1st Congressional District; breathless claims that he was “under investigation for underage sex trafficking” touched off a media frenzy. No stranger to controversy, Gaetz’s initial instinct was to confront the allegations live on Fox News with Tucker Carlson. While many saw it as a bizarre interview, it may at least have been the right move in terms of staring down a bloodthirsty establishment. As several weeks have passed, though, the controversy seems to have generated more heat than light. Indeed, this might be the longest running “sex scandal” in the nation’s history without an accuser.

But the media has been busy. Since the original story broke, there’s been a drip of follow-on stories at outlets like the Daily Beast, Politico, the Washington Post, and CNN—all using a shady collection of off-the-record and dubious government sources. Unsurprisingly, given that sourcing, none of the stories have contained anything close to serious detail or evidence. Reporters keep dropping tidbits of evidence likely to be emanating from within the Justice Department, yet none of which confirms any of the headline-grabbing allegations. Few of these articles even attempt to deal with the wild allegations first made about the congressman. Writing in Politico on Tuesday, Betsy Woodruff Swan stated: “[Gaetz] has not been charged with a crime, and no women have publicly accused him of sexual misconduct in the three weeks since the New York Times first reported on the investigation. He has denied any wrongdoing.”

Note how—after making a sensational media splash for maximum public relations damage—the accusations against Gaetz have shifted, from shocking and unsupported claims of underage sex trafficking and pedophilia to the less scurrilous (and still unsupported) accusation that Gaetz had sex at parties. Crucially, there has not been any evidence of payments, prostitution, or underage girls. As Scott Adams recently said, while some may first cringe at hearing too much about the sex life of a politician, deep down, they’re more likely to be indifferent. CNN even had to note in a recent report: “One of the women who spoke to CNN said she did so in part because the picture of Gaetz as potentially connected to sex trafficking that has emerged in recent days does not align with what she saw. Both women said that they never saw anyone at the parties who appeared to be underage.”

Read more …

Seems hard to argue against, but sure enough many are trying.

Apple iOS 14.5 Update Includes ‘App Tracking Transparency’ Feature (G.)

Users of iPhones can now prevent advertisers tracking them across their apps, after the release of the latest software update from Apple introduced the controversial feature despite the protests of Facebook and the advertising industry. The update, iOS 14.5, includes a setting called “app tracking transparency”, which for the first time requires applications to ask for users’ consent before they are able to track their activity across other apps and websites. If users decline, then applications will not be able to access the unique user ID that they need to follow individuals as they live their digital lives. The prompt, which will say “Allow [app game] to track your activity across other companies’ apps and websites?” will show up for apps that request access to the ID number.

They may be able to use other methods, known as “fingerprinting”, to achieve the same goal, but Apple says that doing so could cause them to be expelled from the App Store. First announced last summer, app tracking transparency led to immediate pushback from the wider advertising industry. Initially slated for release in the autumn, Apple delayed its implementation for six months in order to give the industry time to prepare. But the delay wasn’t enough for some, and in December, Facebook launched an all-out assault on Apple, with the company’s head of ads and business products, Dan Levy, claiming that the setting was actually “about control of the entire internet”. “This is about a long-term view that is anti-personalised advertising and we think is trying to take the world back 10 or 20 years,” he added.

Facebook launched a glossy advertising campaign arguing that the real victim of the changes are “your neighbourhood coffee brewery, your friend who owns their own retail business, your cousin who started an event planning service and the game developers who build the apps you use for free”. Those small businesses, the company said, would lose out if they were no longer able to target customers with personalised adverts. The social network is not alone in its opposition: a group of Germany’s biggest media, tech and advertising companies, led by digital publishing house Axel Springer, have filed a complaint with the German competition regulator arguing that the new rules could lead to a 60% fall in advertising revenues for app developers.

Read more …

Looking at ad reveue here, I can assure you they’re keeping it all for themselves.

Google Ad Surge Drives Up Profits For Parent Firm Alphabet (Y!)

Google parent Alphabet on Tuesday reported that quarterly profit more than doubled as digital advertising surged with more people relying on the internet during the coronavirus pandemic. Profit in the first quarter leapt to $17.9 billion from $6.8 billion in the same period a year ago while revenues jumped 34 percent to $55.3 billion, led by gains in advertising and cloud computing services. “Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained,” said Alphabet and Google chief executive Sundar Pichai. The surge in Alphabet’s earnings comes as the tech giant faces increased scrutiny from regulators regarding its power.

“Google essentially manufactures money; they are almost entirely ads,” said analyst Rob Enderle of Enderle Group. “There is not a risk of downturn in revenue, it is that regulatory action strips the revenue from them.” Facebook and Google are the “short list” when it comes to scrutiny by regulators in Europe and the United States because of “their broad impact on the political process and almost complete dominance of ad revenues,” the analyst maintained. Google is among internet giants in the crosshairs of regulators and critics concerned about whether it unfairly wields its power to dominate markets and fend off competition.

[..] Alphabet shares were up nearly five percent in after-market trades that followed release of the earnings figures. “Google had an absolute monster quarter with ads leading the way,” said analyst Patrick Moorhead of Moor Insights and Strategy. “YouTube grew an eye-watering 49 percent year-over-year, which I attribute to increased YouTube viewing and increased YouTube TV subscribers.”

Read more …

I must admit I didn’t see this coming. Hunter, that is. That fake news producers would teach on fake news is all too predictable.

Hunter Biden To Guest Teach A Class On “Fake News” This Fall (DM)

Hunter Biden is helping teach a class on fake news at Tulane University in New Orleans, Louisiana this fall. The course titled ‘Media Polarization and Public Policy Impacts’ will include several guest speakers throughout its 10 weeks, including the president’s son. The course description, according to a copy of the syllabus obtained by DailyMail.com, says: ‘America’s rapidly advancing partisan divide is fueled substantially by the growing political polarization increasingly evident in our news media.’ ‘This course will explore the current state of the media landscape in the United States and how media polarization, fake news, and the economics of the news business impact public policymaking in Washington, D.C,’ it continues. Hunter, 51, is a Yale-educated lawyer and has never, in any capacities, worked as a journalist, reporter or in the media world.


‘Hunter Biden has no background in media,’ conservative filmmaker Phelim McAleer said. ‘He has never worked for a newspaper or a media outlet.’ ‘Hunter Biden lecturing a class on fake news is like Harvey Weinstein teaching a course to prevent sexual harassment. It shouldn’t be happening. Period.’ the ‘My Son Hunter’ producer continued. Tulane University confirmed the course in a statement to DailyMail.com and confirmed the list of speaker, including:
Hunter Biden
Dr. Deborah Birx, White House Coronavirus Response Coordinator under President Donald Trump
Juan Williams, political analyst for Fox News Channel
Susan Glasser, columnist for The New Yorker
Margaret Sullivan, Washington Post columnist; Kylie Atwood, national security correspondent for CNN
Margaret Brennan, Face the Nation moderator
Bret Stephens, New York Times columnist
Dr. Michael Fauntroy, a professor in the Political Science Department at Howard University.

Read more …

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

 

 

Primitive societies are largely free of cardiovascular disease, cancer, dental cavities, economic theories, lounge music, and other modern ailments.
– Nassim Nicholas Taleb

 

 

 

 

Time Lapse

 

 

Support the Automatic Earth in virustime. Click at the top of the sidebars to donate with Paypal and Patreon.

 

Dec 272019
 


Alfred Palmer Women as engine mechanics, Douglas Aircraft, Long Beach, CA 1942

 

Barr None (R.)
The Democrats May Prove The Greatest Barrier To A Full Trial (Turley)
Trump Stock Market Rally Is Far Outpacing Past US Presidents (CNBC)
Today’s Central Bankers Threaten Civilization (Mises)
Rachel Maddow Called Out For Shamelessly Peddling Fake News (ZH)
Huawei Benefited From Billions Of Dollars In State Support (ZH)
China Threatens EU With “Disastrous” Consequences Of Company Curbs (ZH)
Rain Keeps UK Boxing Day Shoppers At Home (R.)
Trump Says Home Alone 2 ‘Will Never Be The Same’ (Ind.)

 

 

Bill Barr going after Big Tech? Let’s wait and see…

Barr None (R.)

Democratic Senator Elizabeth Warren has made breaking up tech giants a plank for her bid to win the U.S. presidency. But chances are Team Trump will steal her thunder. One of the few things Democrats and Republicans agree upon is that Silicon Valley firms have gotten too big. Warren wants to send Amazon to the chopping block, arguing Jeff Bezos’s online-shopping colossus shouldn’t be allowed to both run a marketplace and sell its own stuff on it. She ran a fake political message on Facebook. It claimed founder Mark Zuckerberg was backing President Donald Trump for re-election to prove a point that the social-media network has an obligation to fact-check campaign-related advertising.

Across the aisle, Republican Senator Josh Hawley has sponsored several pieces of legislation including a “Do Not Track” bill that is backed by Democrats. The Trump Administration is likely to strike first. It has already been laying some groundwork, including by the tweeter-in-chief himself. In November Trump blasted out a message accusing Alphabet’s Google of suppressing votes by limiting the targeting capabilities of political contenders. The president’s top trustbuster launched a probe in July into whether the sheer size of market-leading online platforms has stifled innovation and reduced competition. Although unnamed, it’s clear Attorney General William Barr is targeting Amazon, Alphabet and Facebook.

He also over the summer appointed his own antitrust adviser. It’s an unusual move: The agency already has a division dedicated to the issue, headed by Makan Delrahim. He, though, had been more skeptical about Big Tech and anti-competitive concerns, before starting to change his tune around a year ago. Barr has also been a good Trump soldier. He has been critical of Special Counsel Robert Mueller’s probe of Russian interference in the 2016 U.S. election and the Trump campaign’s potential involvement – and launched his own investigation into the origins of that case, which the president has demanded.

Read more …

“In 1999, the Democrat from New York famously opposed witnesses in the trial of President Clinton as nothing more than “political theater.” Now Schumer has declared that witnesses and a full trial are essential for President Trump..”

The Democrats May Prove The Greatest Barrier To A Full Trial (Turley)

When William Shakespeare wrote that “all the world is a stage” and “one man in his time plays many parts,” he could have probably had in mind Senator Charles Schumer. In 1999, the Democrat from New York famously opposed witnesses in the trial of President Clinton as nothing more than “political theater.” Now Schumer has declared that witnesses and a full trial are essential for President Trump, and that a trial without witnesses would be deemed the “most unfair impeachment trial in modern history.” That does not include the Clinton case where Schumer sought to proceed to a summary vote without a trial. As the Senate now gears up for the third presidential impeachment in history, the fight has begun over the rules and scope of a trial.

The Framers were silent on the expected procedures and evidence for a trial, beyond the requirement of a two-thirds vote to convict a president. The only direct precedent on these issues is derived from two very different trials, those of President Johnson and Clinton. By sending a thin record to the Senate, the House could not have made things easier for Trump. Since the House did not take time to subpoena critical witnesses, such as former national security adviser John Bolton, or to compel testimony of other witnesses, the Senate could simply declare that it will try the case on the record supplied by the House, a record that Democrats insist is already conclusive and overwhelming. Moreover, in reviewing the past trials of Johnson and Clinton, Democrats may have to struggle with precedents of their own making.

Indeed, Republicans could argue that a trial without witnesses is impeachment in Democratic style. The first question for the trial could be whether there should even be a trial held at all. In early England, the House of Lords often refused to hold trials on impeachments, which often were raw political exercises. In the Clinton trial, Democrats moved to dismiss both impeachment articles as meritless. The motion by Senator Robert Byrd failed on a largely party line vote with Democrats, including Senator Joe Biden, Senator Dianne Feinstein, and Schumer, opposing having any impeachment trial at all.

Read more …

It’s not a stock market rally.. It’s a Fed rally.

Trump Stock Market Rally Is Far Outpacing Past US Presidents (CNBC)

President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors. The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group dating to 1928. The bellwether index gained more than 28% this year, well above the average 12.8% return of year three for past U.S. presidents. “Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle,” the firm said in a note to clients last month.

Despite the volatility from the U.S.-China trade war, 2019 has been a year of all-time highs for the major stock averages. The S&P 500 crossed 3,200 for the first time ever last week, hitting its seventh round-number milestone of 2019. While business investment slumped due to uncertainty surrounding the world’s two largest economies, public market investors remained confident enough to put money into stocks. Trump’s market got a boost from Federal Reserve Chair Jerome Powell and the central bank, which lowered interest rates three times this year, the first time since the end of the financial crisis. The Fed slashed rates on fears of slowing growth at home and abroad. Trump was highly critical of Powell for not lowering rates more and faster, often mentioning the near $15 trillion in negative yielding government securities outside the U.S.

Read more …

This is where that Trump rally comes from. Very close to what I’ve been writing about central banks. “There is no means of avoiding the final collapse of a boom brought about by credit expansion.”

Today’s Central Bankers Threaten Civilization (Mises)

Let us begin with a basic question, that lies at the heart of this issue: Who profits from a loan that is guaranteed to pay back less than the amount borrowed? Obviously, it is the borrower and not the lender, which in our case is the government and those closely connected to it. Negative rates and negative-yielding bonds by definition favor the debtors and punish the savers. In addition, these policies are an affront to basic economic principles and to common sense too. They contradict all logical ideas about how money works and they have no basis and no precedent in any organic economic system. Thus, now, in addition to the hidden tax that is inflation, we also have another mechanism that redistributes wealth from the average citizen to those at the top of the pyramid.

Thus, this very concept of a central authority being able to bend and twist the rules, even when the result is illogical, has implications that extend way beyond daily economic activities. In fact, it ultimately divides society into two classes, those who profit from this arbitrary and unilateral rewriting of the rules and those who are forced to pay the price even though they never agreed to it. In fact, they weren’t even asked. Of course, we can also look at it from the collective perspective of the so-called social contract of Rousseau and argue that this system of overt (taxation) and covert (monetary policy) redistribution is legitimate, or even benign. You might still believe that the state will take care of you in the future, and thus you are willing to sacrifice a part of your wealth and savings today to make sure that happens.

In that case, it is useful to remember that the current central banking system is not that old. It’s only been around for about hundred years, or two long-term debt cycles combined. The first cycle ended when President Nixon officially tried to demonetize gold in 1971, empowering a centralized system whereby a few decide who receives the currency first and at what interest rate, allowing them to create bubbles in certain asset classes, protect different key industries and to use it to finance wars and enrich politicians and those close to them. So far, total credit on a global scale stands around $240 trillion. It’s hard to conceive of such a number, but if you consider that 1 trillion seconds are equal to 31,709 years, you might begin to wrap your head around just how leveraged the system has become.

We should never forget that debt is always consumption brought forward. That being said, debts need to be paid back or forgiven — there is no other outcome. In addition, the amount of debt that a system can take on is limited, and when a credit-based system can’t grow any further, the logical outcome is the collapse of the whole system. As Ludwig von Mises described this a long time ago, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Read more …

Just the fact that she still has a job says enough.

Rachel Maddow Called Out For Shamelessly Peddling Fake News (ZH)

Conspiracy theorist and MSNBC host Rachel Maddow has been called out by Washington Post columnist Erik Wemple for breathlessly peddling the Steele Dossier – becoming a “clearinghouse” for the largely debunked opposition research funded by the Hillary Clinton campaign and the DNC in 2016 (and fed to the MSM six weeks before the 2016 US election by the former British spy who wrote it). Wemple has been writing about the media’s coverage of the Steele dossier since it was significantly undercut earlier this month by Michael Horowitz, the DOJ Inspector General. Thursday’s feature details how Maddow spewed Russophobic propaganda to the American public based on Steele’s fabricated claims.

Horowitz absolutely shredded the dossier, writing in his report on FBI FISA abuse that “The FBI concluded, among other things, that although consistent with known efforts by Russia to interfere in the 2016 U.S. elections, much of the material in the Steele election reports, including allegations about Donald Trump and members of the Trump campaign relied upon in the Carter Page FISA applications, could not be corroborated; that certain allegations were inaccurate or inconsistent with information gathered by the Crossfire Hurricane team; and that the limited information that was corroborated related to time, location and title information, much of which was publicly available.”

Maddow began using the dossier to smear Trump in March of 2017 – when both CNN and the New Yorker falsely claimed that US authorities had loosely confirmed ‘some of the details’ from the dossier. An emboldened Maddow claimed that while the “baseline” dossier claim that Trump colluded with Russia to win the 2016 election had yet to be proven, “all the supporting details are checking out, even the really outrageous ones. A lot of them are starting to bear out under scrutiny. It seems like a new one each passing day.” Based on the conclusions reached by both the FBI and DOJ Inspector General Michael Horowitz, Maddow was peddling conspiracy theories.

“When small bits of news arose in favor of the dossier, the franchise MSNBC host pumped air into them,” writes Wemple. “At least some of her many fans surely came away from her broadcasts thinking the dossier was a serious piece of investigative research, not the flimflam, quick-twitch game of telephone outlined in the Horowitz report.” “She seemed to be rooting for the document.”

Read more …

Makes sense for Xi.

Huawei Benefited From Billions Of Dollars In State Support (ZH)

The Wall Street Journal continued its string of reports on the Chinese government’s shadowy campaign to support mission-critical companies in the private sector on Christmas Day by exposing for the first time to totality of government support for Huawei. Billions of dollars in credit facilities backed by state-controlled “policy banks”, coupled with pro-business tax breaks, allowed Huawei to cement its position as the world’s leading telecoms giant, according to WSJ. Huawei’s grants, credit facilities, tax breaks and other forms of financial assistance details for the first time how Huawei had access to as much as $75 billion in state support as it grew from a little-known vendor of phone switches to the world’s largest telecom-equipment company—helping Huawei offer generous financing terms and undercut rivals’ prices by some 30%, analysts and customers say.

Around the world, Huawei is vying to build next-generation 5G telecom networks, much to Washington’s chagrin. In a well-documented campaign, the US has struggled to convince it allies to exclude Huawei equipment from their 5G infrastructure, claiming that Huawei parts would compromise security and allow the Chinese government to tap into civilian and military communications. But thanks in part to all of this government support, Huawei is able to offer telecoms equipment at world-beating prices. Its biggest competitors, Nokia and Ericsson, can’t even come close. This government support also undermines Huawei’s claims that it operates independent of Beijing, and that it would under no circumstances cooperate with state intelligence against its customers.

Nevermind that multiple investigations have uncovered evidence that Huawei builds backdoors into its equipment to allow easy access by Chinese intelligence forces. It’s important to remember that Huawei’s commercial interests align with those of the Chinese government in more ways than one. “While Huawei has commercial interests, those commercial interests are strongly supported by the state,” said Michael Wessel, a member of a U.S. congressional panel that reviews U.S.-China relations, in an interview. The U.S. has raised concerns that use of Huawei’s equipment could pose a security risk, should Beijing request network data from the company. Huawei says it would never hand such data to the government.

Read more …

Divide and rule.

China Threatens EU With “Disastrous” Consequences Of Company Curbs (ZH)

Less than two weeks after Beijing issued an overt threat at Germany, when Chinese ambassador to Germany Ken Wu told ex-Foreign Minister Sigmar Gabriel that if Germany excludes Huawei 5G from its communication networks, then China could “declare German cars unsafe” for its domestic market, effectively giving Angela Merkel a quid-pro-quo ultimatum that a ban of Huawei – as demanded by the Trump administration – would lead to retaliation against German auto exports, Beijing’s ambassador to the EU, Zhang Ming, doubled down and warned the bloc against pursuing policies to curb Chinese companies’ access to Europe, saying it would damage its own interests and deter investment.

The ambassador, a veteran diplomat and previously a senior foreign ministry official in Beijing, said plans to clamp down on foreign corporate ownership, trade opportunities and 5G mobile communications technology threatened to trigger a backlash from “suspicious” Chinese entrepreneurs. Ming added that EU countries needed to promote international co-operation and free markets, by which of course he meant free markets that suit China. “Otherwise, it’s disastrous for them,” he warned in an interview with the FT. “What I hope to see is that the EU will keep to the principles of multilateralism and free trade, as well as the principles of openness, fairness, justice and non-discrimination.”

Zhang said the hardening attitude on the EU side had made “many Chinese entrepreneurs working in Europe suspicious” and “also had some kind of impact on Chinese investment in the EU.” “My colleagues and I are strongly committed to promoting China–EU co-operation, so I’m following the development with interest and concerns,” said the envoy who was a former vice-minister of foreign affairs and took his current post in Brussels in 2017. “Capital is very sensitive, and even cowardly in some cases. In case of any changes or developments, they will feel highly vigilant or even be scared away”

Read more …

Oh, sure. Because rain is so rare in the UK. People just stay home and wait for the usual balmy weather to set in again.

Rain Keeps UK Boxing Day Shoppers At Home (R.)

UK shoppers sheltered at home on Thursday, with the numbers hitting post-Christmas sales set to drop significantly for a fourth year in a row, initial data showed. Footfall up to 12 p.m. on Dec. 26, known in Britain as Boxing Day and a key date for retailers, was down 10.6% compared with the same period a year ago, market research company Springboard said, adding that bad weather had deterred shoppers. High streets were most affected by the rainy weather with consumers reluctant to go out in the morning, Springboard said. Black Friday sales in November and a growing number of people shopping online have reduced Boxing Day footfall in recent years. “Boxing Day is indisputably a less important trading day than it once was,” said Diane Wehrle, Insights Director at Springboard, adding that the Boxing Day footfall was 10.9% lower than during Black Friday morning.

Read more …

A 2-second cameo in a 27-year old movie. Tons of publicity.

“Trump’s repeated cameos were down to a contractual clause ensuring he appear on-camera if a production filmed in one of his buildings.”

Trump Says Home Alone 2 ‘Will Never Be The Same’ (Ind.)

Donald Trump has said Home Alone 2 “will never be the same” after his cameo was cut from the film by a Canadian TV broadcaster. When he was a real estate mogul and New York celebrity, Trump briefly appeared as himself in 1992’s Home Alone 2: Lost in New York, offering travel advice to Macaulay Culkin’s character. But the scene was missing from the film when it was broadcast on Canada’s CBC Television this week, leading a spokesperson having to deny that it was cut for political reasons. “As is often the case with features adapted for television, Home Alone 2 was edited to allow for commercial time within the format,” a representative said. On Twitter, Trump addressed the missing scene furore, and joked that Canadian prime minister Justin Trudeau may have been to blame.


“The movie will never be the same! (just kidding),” he tweeted. “I guess Justin T doesn’t much like my making him pay up on Nato or trade!” On Christmas Eve, Trump boasted that “young kids” always reference his Home Alone cameo to him. “It turned out to be a very big hit, obviously,” he said during a conference call to US troops overseas. “It’s a big Christmas hit – one of the biggest. So it’s an honour to be involved in something like that.” Trump made a number of cameos in films and television series throughout the 1990s. Speaking in 2017, Matt Damon explained that Trump’s repeated cameos were down to a contractual clause ensuring he appear on-camera if a production filmed in one of his buildings.

Read more …

 

Pangaea with modern-day international borders

 

 

 

Please put the Automatic Earth on your 2020 charity list. Support us on Paypal and Patreon.

Top of the page, left and right sidebars. Thank you.

 

Apr 062019
 


Raphael The school of Athens 1509-11

 

Allow me to start with a question: Has anyone seen any of the main newspapers and networks who went after Donald Trump for 3 years accusing him of colluding with “the Russians”, apologize to either Trump, or to their readers and viewers, for spreading all that fake news now that Robert Mueller said none of that stuff was real, that they all just made it up?

I’ve seen only one such apology, albeit a very good and thorough one, from Sharyl Attkisson for The Hill. But one is a very meager harvest of course. With over 500,000 articles on collusion published on the topic, as Axios said -leading to 245 million social media ‘interactions’, shouldn’t there be more apologies, if only so people can hold on to their faith in US media for a while longer?

 

Apologies to President Trump

With the conclusions of special counsel Robert Mueller’s probe now known to a significant degree, it seems apologies are in order. However, judging by the recent past, apologies are not likely forthcoming from the responsible parties. In this context, it matters not whether one is a supporter or a critic of President Trump. Whatever his supposed flaws, the rampant accusations and speculation that shrouded Trump’s presidency, even before it began, ultimately have proven unfounded. Just as Trump said all along. Yet, each time Trump said so, some of us in the media lampooned him.

We treated any words he spoke in his own defense as if they were automatically to be disbelieved because he had uttered them. Some even declared his words to be “lies,” although they had no evidence to back up their claims.We in the media allowed unproven charges and false accusations to dominate the news landscape for more than two years, in a way that was wildly unbalanced and disproportionate to the evidence. We did a poor job of tracking down leaks of false information. We failed to reasonably weigh the motives of anonymous sources and those claiming to have secret, special evidence of Trump’s “treason.”

As such, we reported a tremendous amount of false information, always to Trump’s detriment. And when we corrected our mistakes, we often doubled down more than we apologized. We may have been technically wrong on that tiny point, we would acknowledge. But, in the same breath, we would insist that Trump was so obviously guilty of being Russian President Vladimir Putin’s puppet that the technical details hardly mattered. So, a round of apologies seem in order.

 

It’s a shame Attkisson refrains from labeling the whole decrepit circus as “fake news”, even if she says it’s just that, in different words. It’s a shame because the term “fake news” can this way remain connected to Trump, something the mainstream media really like. Because it allows for the media to cast doubts on the Mueller report, and for the Democrats to cast doubt on AG Bill Barr.

But they, the MSM, CNN and the NYT, are the ones who, as Robert Mueller has proven, have been spreading fake news all that time, not Trump. And if you would suggest they apologize, they’ll tell you that you’re too early, wait for the report to be released, or that Bill Barr is holding tons of stuff back, or that Mueller didn’t have access to elementary info, or that Trump is a really bad person or or or.

Their reputations would be lost forever if they issue a mea culpa, and apologizing constitutes a mea culpa, so that’s not going to happen. And they all think their credibility remains sound and alive, because they live in echo chambers where they don’t have to listen to anyone prepared to cast any doubt on their credibility.

I first said it years ago: in the new -digital, social- media age, the mainstream media have only one chance of survival: report the naked truth, and be relentless about that. There are a billion voices who can write up rumors, slander, smear and other falsities, but none have the organizations to find out the truth.

Well, it looks like they gave up on that one chance. Russiagate has made it crystal clear that the MSM would rather make a quick buck than investigate, that money and political views trump veracity any day where they operate. So stick a fork in them and turn them over; they’re done.

 

April 1 was the perfect moment to add it all up, and the Babylon Bee did exactly that:

 

CNN Publishes Real News Story For April Fools’ Day

Fooling thousands of readers in a prank that the cable news organization said was “just for fun,” CNN published a real news story for April Fools’ Day this year. The story simply contained a list of facts, with no embellishment, editorializing, or invented details. The story also didn’t cite shaky “anonymous sources” and only quoted firsthand witnesses to the event. It was completely factual without any errors whatsoever. Baffled CNN fans immediately knew something was up.


“I was reading this story, and I was like, ‘Wait, what is this?'” said one man in New York who relies on CNN for his fake news every morning. “They really got me good. Then I looked up at the calendar and I realized I’d been duped. A classic gag!” “Those little rascals!” he added, shaking his head and laughing goodnaturedly. “As long as they return to their regularly scheduled fake news tomorrow, we’re good. We’re good.”

 

We could stop right there. What’s to add? It sums up America to the core. Then again, perhaps not quite yet. How about we add this from the BBC?

 

Is Facebook Winning The Fake News War?

For the people contracted by Facebook to clamp down on fake news and misinformation, doubt hangs over them every day. Is it working? “Are we changing minds?” wondered one fact-checker, based in Latin America, speaking to the BBC. “Is it having an impact? Is our work being read? I don’t think it is hard to keep track of this. But it’s not a priority for Facebook. “We want to understand better what we are doing, but we aren’t able to.”


[..] While there are efforts from fact-checking organisations to debunk dangerous rumours within the likes of WhatsApp, Facebook has yet to provide a tool – though it is experimenting with some ideas to help users report concerns.

 

Right, Facebook Fights Fake News. Right. 533,074 web articles on Trump-Russia collusion pre-Mueller report according to Axios, and 245 million ‘interactions’ -including likes, comments and shares- on Twitter and Facebook. Let’s say 100 million on Facebook.

How much did they catch as fake news in their valiant efforts? Not “the Russians” spreading fake news, but the New York Times? How about none? How many times did Facebook shut down the New York Times? Rachel Maddow? None. But Robert Mueller says all those articles about collusion were fake news.

Those reputations are gone forever. Nobody serious will ever again believe anything these people say. Oh, their own subscribers will, but they don’t count as serious people. They swallowed all the nonsense for all of that time. Get real.

 

Talking about reputations: I decided to try and follow the trails of the Steele dossier earlier, because I think if you figure out the road that dossier has traveled, who has been pushing it etc., you can get a long way towards finding out how how Russiagate came about.

I turned to Wikipedia first, where “Steele dossier” automatically becomes “Trump-Russia dossier”. I read the intro, and it was already so clear where Wikipedia stands on this: not on Trump’s side. Impartiality does not count as a virtue there either. And I know that this stuff is written by third parties, but does Jimmy Wales really want to devalue his life’s work for party politics?

Right below the intro of the very long entry, a familiar name pops up: Luke Harding, and I’m thinking HAHAHAHA!

Luke Harding, after making a mint with his book Collusion, which Robert Mueller has singlehandedly moved into the Fiction section of the bookstore, and co-writing Manafort Held Secret Talks With Assange In Ecuadorian Embassy last November, which Mueller fully discredited, is presented as a source for an entry about collusion? Oh boy.

A few paragraphs down I come upon the name Victoria Nuland, and again of course I think HAHAHAHA, what kind of source is she? Nuland became notorious for colluding with John McCain on Maidan Square in Kiyv, and she has less credibility than Harding, if such a thing is possible. A Nuland quote from the Wikipedia article:

 

“In the middle of July [2016], when he [Steele] was doing this other work and became concerned, he passed two to four pages of short points of what he was finding and our immediate reaction to that was, ‘This is not in our purview’.” “This needs to go to the FBI if there is any concern here that one candidate or the election as a whole might be influenced by the Russian Federation. That’s something for the FBI to investigate.”

The entry continues:

 

It has remained unclear as to who exactly at the FBI was aware of Steele’s report through July and August, and what was done with it, but they did not immediately request additional material until late August or early September, when the FBI asked Steele for “all information in his possession and for him to explain how the material had been gathered and to identify his sources. The former spy forwarded to the bureau several memos — some of which referred to members of Trump’s inner circle. After that point, he continued to share information with the FBI.”[57][56]

According to Nancy LeTourneau, political writer for the Washington Monthly, the report “was languishing in the FBI’s New York field office” for two months, and “was finally sent to the counterintelligence team investigating Russia at FBI headquarters in Washington, D.C.”, in September 2016.[65]

Meanwhile, in the July to September time frame, according to The Washington Post, CIA Director John Brennan had started an investigation with a secret task force “composed of several dozen analysts and officers from the CIA, the NSA and the FBI”. At the same time, he was busy creating his own dossier of material documenting that “Russia was not only attempting to interfere in the 2016 election, they were doing so in order to elect Donald Trump … [T]he entire intelligence community was on alert about this situation at least two months before [the dossier] became part of the investigation.”

 

Ergo: the fully deranged Nuland, then Assistant Secretary of State for European and Eurasian Affairs, gets the dossier to the FBI, where nothing happens with it despite Nuland’s insistence that it shows terrible things going on, until someone (McCain?!) gets it to Brennan, and then the ball gets rolling.

There’s all these people in the Hillary sphere of influence who pick it up, in the media, the House, and the FBI and CIA. Because the campaign decides a story about prostitutes peeing on a bed where Obama once slept can a be a winner, and by July 2016 a few nerves had started twitching. The entire machinery shifted into gear right then and there.

The index to the entry contains some 350 links to articles, almost all by the usual suspects and with the usual angles. It all oozes collusion. An exception is Bob Woodward in January 2017:

 

‘Garbage Document’: Woodward Says US Intel Should Apologize Over Trump Dossier

Woodward said on “Fox News Sunday” the dossier was a “garbage document” and that Trump’s point of view on the matter is being “under-reported.”Woodward said the dossier should never have been presented at an intelligence briefing and it was a mistake for U.S. intelligence officials to do so. “Trump’s right to be upset about that … Those intelligence chiefs, who were the best we’ve had, who were terrific and have done great work, made a mistake here.


And when people make mistakes, they should apologize,” said Woodward. Meantime, Woodward’s former partner in reporting on the Watergate scandal, helped report the news about the dossier on CNN last week. Carl Bernstein defended the reporting on the dossier, dismissing Trump’s contention that it was “fake news.” Bernstein argued that U.S. intelligence saw fit to present the material to President Obama and President-elect Trump.

 

“Mistakes” by the intelligence chiefs? Hard to believe, if you’ve followed Brennan, Clapper, Comey in the past 2 years.

Not sure I’m going to finish reading that Wikipedia entry on the Steele dossier. What’s the point? It’s fantasy advertized as fact in order to make money. It’s misleading, it’s fake and it seeks to damage people. It would appear we’d be better off discussing what fake news is (and what is not), and to not stick the label to everything Trump says, or the $50 million spent on the Mueller probe will have been entirely wasted.

What we can learn from it is that we can no longer trust the media we once had confidence in. Those days are gone and they won’t be back. They’ve been lying for a long time for their 30 pieces of silver, and once your credibility is gone, it’s gone for good.

That, by the way, is why we need Julian Assange so much, because we know he doesn’t lie. But of course that little fact has also already been buried in a big pile of fake news.

Orwell would be delighted.

 

 

Jan 192019
 


Johannes Vermeer Girl Reading a Letter at an Open Window 1657-59

 

In the last few days I was looking around for stories that could illustrate what fake news actually is, and I had a nice collection, but then last night Robert Mueller of all people clarified what exactly fake news is better than I could have. At first the BuzzFeed crew that was caught staring straight into the headlights has a feeble response (what exactly was untrue in our article?), but was silenced by the WaPo of all publications: Mueller’s team said every bit of the article was false.

And still I wonder if people now understand better what fake news is. Which I think has a lot to do whit the fact that the term was monopolized by a section of US media as meaning things that had to do with Trump, more or less exclusively. That way, when Trump accused these same media of publishing fake news, they knew their loyal readers wouldn’t believe him.

But in reality they’ve been at it ever since Trump entered US politics, and they dug in ever deeper into their anti-Donald trenches, first for political reasons, later for profit (nothing sells like Trump in America today). And in the process, especially since they published umpteen pieces a day on the topic, they had to use unproven and biased allegations and innuendo. There was never enough real news to go around to feed the monster they created. That’s how we got Russiagate.

Still, of course, like me, you want to know how fake news is recognized, how ‘experts’ tell it apart from real news. Well, despair no more. An actual professor researched it, and was quoted by the New York Times last week, which doesn’t publish fake news, it says. I got to say, personally, I found this highly enlightening.

 

Older People Shared Fake News on Facebook More Than Others in 2016 Race

The authors were careful in defining “fake news,” a term that has been weaponized by many, including President Trump, to dismiss real news they dislike. “Reasonable people disagree about where to draw the line and we were very conscious of those issues,” Professor Guess said.

As a result, they assembled a limited list of sites that reliably published fake content, based on various sources, including reporting from BuzzFeed News. As best the researchers could tell, the list did not include any websites associated with Russian disinformation efforts, according to Professor Guess. The Facebook and survey data came from a group of about 3,500 people whom the authors tracked during the 2016 election in order to better understand the role social media played in political discourse.

They found that Republicans and those who identified as “very conservative” tended to share the most news from questionable sources. But that tendency may have less to do with ideology and more to do with what those articles said: Users tend to share stories they agree with and the fake news sites were disproportionately pro-Trump, the authors said.

So the researchers distinguish fake news from real news, but they don’t tell us -or the NYT doesn’t- what methods they use to tell the two apart. They do tell us that what Trump calls fake news is merely real news he dislikes. It’s funny how people say that so easily, and never think they themselves might do just that.

“..a limited list of sites that reliably published fake content..” sounds intriguing, but not convincing. That this list partly comes from BuzzFeed is hilarious in view of Mueller’s indictment of BuzzFeed’s article about Trump instructing Michael Cohen to lie. Other than that, the article doesn’t really say much. But luckily Quentin Fottrell, personal finance editor at MarketWatch, elaborates (free advice: Quentin, stick to your trade!)

His article caught my eye because whereas the NYTimes piece talked about older people sharing more fake news, Quentin adds that it’s about Republican older people. And that I find hard to believe. At least without proof; I wouldn’t want to jump to such conclusions based on fake news. Let’s see how far I can get:

 

Why Republican Baby Boomers Are More Likely To Share #Fakenews On Facebook

So why are Republican baby boomers more likely to share fake news on Facebook? One theory: As they didn’t grow up with technology, they may be more susceptible to being fooled.

That one sentence says a lot about this entire ‘study’. It even sounds fake to me. Because while I can see the “less exposed to tech” issue to an extent, I see no reason why Republican baby boomers would be fooled more easily by technology than their Democrat peers.

[..] Andrew Guess, an associate professor at Princeton University, and his colleagues disseminated an online survey to 3,500 people in three waves throughout the 2016 campaign. Of the respondents, 1,331 in the initial wave agreed to share their Facebook profile data, which allowed researchers to analyze the age and political affiliations of those people who were more likely to spread fake news.

The results showed that 90% of these users actually did not share misleading or fake articles and only 8.5% shared one or more fake news articles. A plurality, 18%, of the Facebook users who shared the fake stories were both self-identified Republicans and over the age of 65, the authors concluded, and these individuals shared nearly seven times as many fake news articles as respondents in the youngest age group, ranging in age from 18 to 29.

I had to look at this a few times. Here’s what I think it says:

• They ‘studied’ 3,500 people in 3 waves, of which the initial one was larger than 1,331 people, since that is the segment of the first wave who shared their Facebook data (we assume not all did).

• 90% of these 1,331, or 1,198 people, shared nothing at all (no fake news).

• 8.5% of the 1,331, or 114 people, did share fake news stories. 18% of those 114 (so 18% of 8.5%), or 20 people, were self-identified Republicans over the age of 65.

• Therefore 20 people out of 3,500, or 0.57%, were older Republicans who shared fake news (as it was defined by the survey). There are probably even more people in that target group suffering from dementia than the 0.57% who shared fake news. So what are we looking at here?

You could argue that it’s really 20 people out of 1,331, but that’s still only 1.5%. Meaningless.

• These 20 people shared 7 times as many fake news pieces as young people. That may be true, but they also shared more than 99.43% of people their own age. Does this still mean anything at all to you?

Quentin delights us with some more data;

Another possible explanation: Older Americans may have felt particularly passionate and entrenched in their political views and, therefore, ideological. For instance, the most ideological members of Congress shared news stories on their Facebook pages more than twice as often as moderate legislators between Jan. 2, 2015, and July 20, 2017, according to a 2018 Pew Research Center study, which examined all official Facebook posts created by and for members of Congress in this period.

If you ask me, it’s peculiar to make statements about politics that heap ordinary Americans together with politicians, but at least that paragraph doesn’t say Republicans are more likely than others to [fill in your preference]. But then we’re off to the races again:

[..] What’s more, baby boomers are more likely to be conservative and ideological, according to data crunched by Pew. “In both 2015 and 2016, about one in 10 baby boomers identified as conservative Republicans — the highest percentages dating back to 2000,” researchers Shiva Maniam and Samantha Smith wrote for Pew. “In both years, conservative Republicans made up the largest single partisan and ideological group among boomers.”

Wait. The logic here is that baby boomers are more likely to be conservative and ideological because 1 in 10 baby boomers say they’re conservative Republicans. But that means 9 out of 10 does not. This doesn’t even make a single sliver of sense. Yo, Quentin (and professor Guess), we need some help here.

To be fair, older Republicans share more news in general, and fake news gets caught up in the mix. Members of Congress with very conservative or very liberal voting records both shared news links in about 14% of all their posts, but members with more moderate ideology scores shared links to news stories in just 6% of their posts, Pew found.

That starts out with older Republicans in general and then seamlessly veers into members of Congress from both sides of the aisle, with either very conservative or very liberal voting records. Not fully self-contradictory, but darn close.

There may also be a political explanation: A trickle-down effect from the president’s own remarks about the liberal media. Older Republicans could feel more emboldened by Trump’s comments and, as a result, assume stories that support their causes are accurate.

That’s the first time I explicitly read Quentin saying that fake news is linked to Trump. But other than that, there is no sign that older Democrats don’t feel ’emboldened’ by DNC or Hillary or Pelosi comments just as much as Republicans do by Trump. Quentin and professor Guess only pretend to make a point, but there’s nothing there.

The president has doubled down of late on the view that the mainstream media’s negative coverage of his administration is rooted in bias. “The media also has a responsibility to set a civil tone and to stop the endless hostility and constant negative and often times false attacks and stories,” Trump said last year.

“Confirmation bias” helps outlandish theories and reports gain traction on social media. And that, psychologists say, is where fake news comes in.

Since there is nothing that indicates one political side is more prone to confirmation bias than the other, fake news will necessarily also occur on both sides. Why you would have psychologists define fake news I don’t know. Oh, and I think that Trump comment makes a lot of sense.

With so much noise on social media, how can people distinguish between rumor and reality? Psychologists say people develop defense mechanisms to cope with an uncertain world early in life, but this also draws people to information that seems to confirm their own beliefs and world views and to ignore reports or opinions that contradict their perceptions.

“At its core is the need for the brain to receive confirming information that harmonizes with an individual’s existing views and beliefs,” said Mark Whitmore, an assistant professor of management and information systems in Kent State University’s business school. “In fact, one could say the brain is hard-wired to accept, reject, miss-remember or distort information based on whether it is viewed as accepting of or threatening to existing beliefs.”

Older Americans may be less likely to question authority

However, many people effectively rationalize the irrational in order to avoid going against values and ideas they were taught by their parents. “Children’s learning about make-believe and mastery becomes the basis for more complex forms of self-deception and illusion into adulthood,” Eve Whitmore said. When people are faced with absurd and conflicting messages, her husband added, “It becomes easier to cling to a simple fiction than a complicated reality.”

[..] Ultimately, however, it may come down to our trust in the internet, rather than institutions or belief systems. “People who have grown up with the internet have experienced things that are not necessarily truthful. They have had experiences on social media or they have witnessed friends dealing with false information, which has made them more skeptical about what they read versus the baby boomers who did not grow up with the internet and have, therefore, limited experience.”

Remember, the article’s headline is “Why Republican Baby Boomers Are More Likely To Share #Fakenews On Facebook”. And then it does absolutely nothing to make that point, but instead goes a very long way to proving that ALL baby boomers do that. Either one of which, first of all, you don’t prove by talking 20 people out of a sample of 3,500, but moreover, secondly, your entire article -strongly- appears to deny.

And do we know what fake news is now, are we any closer to that? Not that I can see. And there’s no way I can say it all in one go, so I’ll get back to this topic. But not before thanking Robert Mueller for defining fake news in his own way. It must have cost him, and the FBI and DOJ, some genuine heartache, but in the end he couldn’t let the entire avalanche of media and Democrats run with such an overtly fake piece of ‘news’. There were calls for Congressional investigations based on it, for crying out loud.

Speaking of which, crying out loud might be what you expect BuzzFeed to do now, but don’t count on it: they got a ton of free publicity, and that’s all the entire fake news cycle has been based on from the start. And if it didn’t kill the New York Times or CNN, why would it kill BuzzFeed? It’s a growth industry. And credibility is overrated.

 

 

Jan 192019
 


Pablo Picasso Guitar on a table 1922

 

Mueller Shoots Down Buzzfeed’s Latest Russiagate Scoop With Rare Dismissal (RT)
US Asked Ecuadorean Officials About Alleged Assange-Manafort Meeting (R.)
56% Majority Of Britons Now Want To Remain In The EU – Poll (DM)
Extending The Brexit Deadline Could Clash With Coming EU Elections (CNBC)
EU Loves British Money More Than It Loves Democracy (Clark)
UK Patients Stockpile Drugs In Fear Of No-Deal Brexit (G.)
UK Shoppers Rein In Spending As Fears Grow Over Economy (G.)
Rising Credit-Card Use Shows US Consumers Are Strapped (DDMB)
Tesla Cuts 7% Of Workforce, Musk Sees ‘Very Difficult’ Road Ahead (CNBC)
Tesla Has $920 Million In Debt Coming Due, A Third Of Company’s Cash (CNBC)
Russia Outshines China To Become World’s 5th Biggest Holder Of Gold (RT)
French Court Cites Precautionary Principle To Cancel Monsanto Permit (R.)

 

 

Is this the worst day for fake news to date? It’s hard to keep track. It’s just that this one was taken up by so many hoping for -finally!- impeachment. Please Lord make it stop.

Two reasons why Mueller issued his statement: 1) the credibility of the Special Counsel itself (since every outlet ran with the -false- BuzzFeed story), 2) members of Congress were calling for investigations based on the story (would have been even more embarrassing than making the statement).

One Shimon Prokupecz on Twitter: “We cannot underestimate the statement disputing Buzzfeed’s story from the special counsel. I’m sure it pained them to do this. I’m sure this went through many levels at the DOJ and FBI. They don’t talk. This is massive.”

Trump on Twitter: “Remember it was Buzzfeed that released the totally discredited “Dossier,” paid for by Crooked Hillary Clinton and the Democrats (as opposition research), on which the entire Russian probe is based! A very sad day for journalism, but a great day for our Country!”

Mueller Shoots Down Buzzfeed’s Latest Russiagate Scoop With Rare Dismissal (RT)

Special Counsel Robert Mueller has poured cold water on BuzzFeed’s latest Russiagate “bombshell” with a rare public statement calling the article, which claims Trump told his ex-lawyer Cohen to lie to Congress, “not accurate.” BuzzFeed reported that President Donald Trump directly instructed his former attorney, Michael Cohen, to lie to Congress about his plans to build a Trump Tower property in Moscow, citing two anonymous “federal law enforcement officials” as sources that the president had suborned perjury – which, being an actual crime, triggered talk of impeachment “walls closing in” among the anti-Trump “Resistance.”

While half of Congress took to Twitter to wave the story as the long-awaited proof of Collusion, the BuzzFeed reporters could not seem to agree on their own sourcing. Anthony Cormier admitted to CNN he hadn’t seen the proof directly but had two “law enforcement” sources claiming they had seen it, while Jason Leopold told MSNBC they had in fact seen the documents themselves. The smoking gun du jour collapsed further when word came down from Mueller himself – via spokesman Peter Carr – that Buzzfeed’s “description of specific statements to the Special Counsel’s Office, and characterization of documents and testimony obtained by this office, regarding Michael Cohen’s Congressional testimony” were “not accurate.”

Mueller has been extremely tight-lipped about the numerous previous “Russiagate” scoops, and considering the time and effort involved in his own ongoing crusade to take Trump down, his dismissal of BuzzFeed’s would-be bombshell knocked the legs out from under a story whose vague sourcing had already raised questions.

Read more …

And this fits in seamlessly with the Mueller/BuzzFeed thing: The Guardian story has been thoroughly discredited, but 2 months later, US officials are still chasing it. What’s new to me is that it’s the first time I see a Guardian response: “The Guardian has defended the article and said it “relied on a number of sources.” Lame poppycock. And the same thing Buzzfeed says.

US Asked Ecuadorean Officials About Alleged Assange-Manafort Meeting (R.)

U.S. officials spoke with officials from Ecuador’s British embassy on Friday about an alleged meeting there between President Donald Trump’s former campaign manager, Paul Manafort, and WikiLeaks founder Julian Assange, an Ecuadorean government source said. The Guardian newspaper reported the meeting in November, alleging the two met at least three times, including in 2016, just before WikiLeaks released damaging emails about Trump’s rival in the 2016 presidential elections, Hillary Clinton. Manafort and Assange have both previously denied meeting each other at the embassy.

WikiLeaks, in a statement on Friday entitled the “U.S. interrogation of Ecuadorian diplomats,” accused Ecuador’s government of assisting the United States in prosecuting Assange, who first sought asylum in the embassy in 2012. The source said the embassy officials, at the request of the U.S. Justice Department, provided testimony in Quito at facilities provided by Ecuadorean authorities. [..] Part of Mueller’s probe has involved looking into whether Trump associates may have had advance notice before WikiLeaks published emails stolen by Russian hackers from Democratic computer networks to damage Clinton. WikiLeaks called the Guardian’s story “indisputably fabricated” and said it was being used as a pretext for the United States to prosecute Assange. The Guardian has defended the article and said it “relied on a number of sources.”

Read more …

But neither one of the two main parties do. How screwed up is that? Nobody represents the majority.

56% Majority Of Britons Now Want To Remain In The EU – Poll (DM)

A majority of Britons now say they want to stay in the EU after Theresa May’s Brexit plan suffered a massive defeat, a new poll published today has found. A YouGov survey asked 1,070 voters how they would vote in a second Brexit referendum if it were held today – and found Remain has stretched out a 12-point lead over Leave, with 56% saying they would vote to stay in the EU versus 44% in favour of leaving. The voters were questioned the day after the PM’s Brexit plan suffered a crushing defeat – leaving the machinery of government deadlocked and with the bitter divisions among MPs offering no clear way ahead.

Ministers are now at war over Brexit, openly clashing over whether Britain should be willing to crash out without a deal on March 29, or back a softer Brexit or second referendum. The Prime Minister must make a statement on Monday where she will lay out her ‘next steps’ on a Brexit ‘plan B’ before a week of debate on the various options. The following week, MPs will vote on their preferred course of action, putting huge pressure on the Prime Minister to adopt it. With Westminster gripped by chaos, the new poll suggests voters are losing faith in Brexit with growing numbers now backing Remain. The survey for The Times found that 56% of those polled would now back staying in the EU, while the same proportion back a second referendum. And voters were even more likely to want to stay in the bloc if the only other option was the PM’s Brexit deal, with Remain leading by 65% to 35%.

Read more …

If Article 50 were extended, which looks pretty sure, Britain will have to vote in European elections. But their seats have already been given out to others.

Extending The Brexit Deadline Could Clash With Coming EU Elections (CNBC)

Extending the official Brexit deadline for the U.K. could bring a wave of extra logistical and political problems for the EU. The ongoing deadlock has sparked a debate on the potential extension of Article 50 — the legal means by which the U.K. leaves the EU. However, there is strong opposition from some European lawmakers over giving more time to the U.K. to sort out its domestic politics. The U.K. is set to leave the EU on March 29 — but this could change if the U.K. asks for an extension and the other 27 member nations accept the request. Extending the departure beyond the agreed date would likely clash with European parliamentary elections that are set to take place between May 23 and 26. The chamber is made of lawmakers from all 28 European member countries, including the U.K., and is responsible for approving European policies, such as the Union’s total budget.

“What we will not let happen, deal or no deal, is that the mess in British politics is again imported into European politics. While we understand the U.K. could need more time, for us it is unthinkable that Article 50 is prolonged beyond the European Elections,” Guy Verhofstadt, a member of the European Parliament and its representative in Brexit negotiations, said on Twitter on Wednesday. [..] Seb Dance, member of the European Parliament for the U.K. Labour party, said the prospect of having Brexit and the European elections clashing “is a logistical headache.” “The impact of delaying Brexit on the EU elections is certainly troublesome logistically speaking,” he said, “but politically speaking it shouldn’t make a difference as it is entirely possible that elections take place in the other member states without needing to take place in Britain.”

[..] According to a Brussels-based European official, who did not want to be named due to the sensitivity surrounding the Brexit talks, an extension would likely mean that the U.K. would have to participate in the vote. This is because it would still technically be a member of the European Union. Zsolt Darvas, senior fellow at Bruegel, reiterated this point in an email to CNBC Friday. “If the extension goes beyond the elections, the U.K. would have to elect members of the European Parliament. Not expecting this, the European Parliament has already agreed on how to allocate the U.K. seats after Brexit. That agreement will have to be revised, or perhaps its implementation be postponed after the actual, delayed Brexit date.”

“From the U.K. side, it might look awkward to elect members of the European Parliament when people expect that the U.K. will leave the EU not much after the European elections; plus the U.K. would need to act quickly to make the European Parliament election possible, which would also involve some costs.”

Read more …

“..the Common Fisheries Quota has for the past 34 years given 84% of the cod in the English Channel to France and just 9% to the UK..”

EU Loves British Money More Than It Loves Democracy (Clark)

The European establishment is desperate for Britain to reconsider Brexit. Internationalist ideals about ‘preserving European unity’, don’t come in to it, this is all about protecting income streams. Consider a few facts. If Britain does leave without a deal, then the EU as an institution would be considerably worse off. The UK has consistently been one of the top three countries that puts most into the EU budget (after Germany and France). It is one of ten countries that puts more into the EU than it gets out. In 2017, the UK’s net contribution was £9bn. If Britain leaves, the EU faces a financial shortfall. In 2016, 16 countries were net receivers, including Donald Tusk’s Poland. Little wonder that he regards Britain staying as “the only positive solution”.

The very generous financial remuneration packages of EU officials might also be threatened by British withdrawal. In December, it was reported that the EU’s top civil servants would be paid over €20,000 a month for the first time, and that Tusk and Juncker would see their packages rise to €32,700 a month. Austerity? Not in Brussels, mon ami! The EU is a fabulous gravy train once you are on board. But the gravy train relies on its richest members not leaving, otherwise who’s going to foot the bill? If Britain leaves with ‘No Deal’, it’s not just the EU budget which will take a hit. In 2017, EU countries sold around £67 billion more in goods and services to the UK, than the UK sold to them. Europe needs full and unfettered access to British markets, much more than Britain needs full and unfettered access to European markets.

[..] The country that would lose out the most with Brexit is Germany. Britain’s trade deficit with Germany is higher than with any other country, even higher than China, whose products are everywhere in our shops! In 2016, the year of the EU referendum, Britain imported around £26 billion more from Germany than it exported. [..] We also have to discuss fishing. The other EU countries do extremely well out of the Common Fisheries Policy, which provides them with access to UK waters. Belgian fleets get around half their catch from British waters! As reported in the Independent, the Common Fisheries Quota has for the past 34 years given 84% of the cod in the English Channel to France and just 9% to the UK. Overall, EU vessels take out around four times as much fish out of UK waters as British vessels take out of EU waters.

Read more …

Is it Brexit or just the overall state of affairs as the Tories dismantle the NHS?

UK Patients Stockpile Drugs In Fear Of No-Deal Brexit (G.)

Ministers have been urged by top doctors to reveal the extent of national drug stocks, amid growing evidence patients are stockpiling medication in preparation for a no-deal Brexit. The Royal College of Physicians (RCP), which represents tens of thousands of doctors, urged the government to be more “transparent about national stockpiles, particularly for things that are already in short supply or need refrigeration, such as insulin”. Prof Andrew Goddard, the RCP president, said: “Faith in the system will be created by openness and regular updates to trusts and clinicians; this will allow clinicians to reassure patients.” The Pharmaceutical Services Negotiating Committee (PSNC) has warned medical shortages have increased in recent months.

Generic drugs are usually bought through nationally set tariff prices. However, pharmacies can apply for price concessions under which the NHS will temporarily pay more when the drugs are in short supply. The number of concessions the PSNC applied for went up from 45 in October, to 72 in November and 87 in December. The Guardian has also found evidence some patients are stockpiling drugs, against official guidance. They said they were doing so by ordering drugs from abroad, and by asking their GPs for emergency prescriptions. One diabetic patient has been stockpiling insulin for four months, ordering twice the amount he needs for each of his drugs from the pharmacist.

Robin Hewings, the head of policy at Diabetes UK, backed calls for more transparency from the government about current stock levels to reassure patients. “There is a level of concern that has risen quite a lot [in the last few months] and people with diabetes are talking about stockpiling. The government needs to be more transparent about insulin supplies.”

Read more …

Only, not really: “..sales grew by 2.7% last year, compared with a growth rate of 2% in 2017.”

UK Shoppers Rein In Spending As Fears Grow Over Economy (G.)

British consumers reined in their spending in December after splashing out during November on Black Friday promotions, according to official figures that confirmed the tough festive shopping period on the high street. The Office for National Statistics said the quantity of goods bought last month fell by 0.9% compared to November, when Black Friday deals encouraged shoppers to bring forward some of their Christmas spending. All sectors except food and petrol declined on the month, the figures showed, coming after the British Retail Consortium said the key Christmas shopping period had been the worst for retailers since the financial crisis a decade ago.

James Smith, an economist at the City bank ING, said: “After another bumpy week for Brexit, today’s UK retail sales data is a timely reminder that all is not particularly well in the UK economy.” Figures for the three months to December, highlighting the wider trend for consumer spending, showed that the quantity of goods bought dropped by 0.2%. [..] Despite the downturn last month, the latest snapshot showed that retail sales growth for 2018 as a whole was above the level recorded a year earlier. Although significantly below the peak growth rate of 4.7% seen before the Brexit vote in 2016, sales grew by 2.7% last year, compared with a growth rate of 2% in 2017.

Read more …

Or does it show that they are more confident? Always a nice puzzle. A popular industry POV: people get deeper in debt because they feel so great.

Rising Credit-Card Use Shows US Consumers Are Strapped (DDMB)

Even though evidence is mounting that the U.S. economy may be soon heading into a recession, there are plenty of analysts who say that the surge in credit card borrowing is a sign of strong confidence among households. That’s hardly the case. In fact, households’ confidence in the future growth of their incomes has been cooling since late last summer, which means borrowers will only reach for what’s in their wallet to compensate for what their paychecks will not cover. Many working adults have no recollection of credit card borrowing not being a mainstay among their financing options. But then, few would be able to identify a Diners Club card, which was a popular brand during the 1980s “yuppie” era when Americans first began to embrace credit card spending in earnest.

These days, consumers are not keen to lean on credit cards, partly due to a cultural and financial shift in the industry. The financial crisis arguably altered households’ views on charging beyond their means. It didn’t hurt that the availability of subprime credit all but disappeared for a few years or that the interest rate on credit cards remained in double-digit territory despite the Federal Reserve’s zero interest rate policy. That said, the idea of frugality re-entered many households’ thinking in the wake of the severe hardship the foreclosure crisis brought to bear on millions of working Americans. Debit cards became the predominant form of plastic used at the checkout.

And yet, consumer credit likely rounded out 2019 at a new $4 trillion milestone as runaway higher educationand car-price inflation coupled with ridiculously looser lending standards pushed households to take on record levels of student loan and auto debt. At roughly $1 trillion, credit cards are but a co-star in a star-studded, full-length feature film. A long history of credit card borrowing suggests that we would have multiples of today’s $1.04 billion in outstanding balances had the growth rate of spending on plastic maintained the headier double-digit paces clocked in the 1980s and 1990s.

Read more …

Shares down 13%.

Tesla Cuts 7% Of Workforce, Musk Sees ‘Very Difficult’ Road Ahead (CNBC)

Tesla is cutting its full-time staff headcount by about 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. The announcement follows recent cost-cutting measures the company has made in a bid to reduce the price of its products and boost margins. Tesla shares fell 13 percent by the end of trading Friday. In an email to employees, Musk said the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products, noting the company is younger than other players in the industry. “Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months,” Musk said.

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity, but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause.” The exact number of employees who will be laid off has not been disclosed. However in an October tweet, Musk said Tesla had a staff count of 45,000. If still true today, that would mean 3,150 layoffs. Musk said Friday that Tesla faces “an extremely difficult challenge” in making its electric vehicles and solar products a competitive alternative to traditional vehicles and energy products that rely on fossil fuels.

Read more …

Plunging share prices are the last thing Tesla needs.

Tesla Has $920 Million In Debt Coming Due, A Third Of Company’s Cash (CNBC)

Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company’s cash if the stock price doesn’t improve. About $920 million in convertible senior notes expires on March 1 at a conversion price of $359.87 per share. But Tesla’s stock hasn’t traded above $359 for weeks. If the shares are about $359.87, then Tesla’s debt converts into Tesla shares. If not, Tesla will have to pay the debt in cash. Tesla reported cash and cash equivalents of $3.37 billion at the end of its September quarter. The company continues to reveal pressure to maintain profitability, and announced Friday it would cut 7 percent of its full-time workforce. Shares fell more than 10 percent Friday following the announcement to trade around $310 per share.

Read more …

If only because of the sanctions.

Russia Outshines China To Become World’s 5th Biggest Holder Of Gold (RT)

The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world’s fifth largest holder behind the US, Germany, France and Italy. China dropped to sixth place as it reported an increase in gold reserves just once in more than two years – to 59.6 million ounces in December 2018 from 59.2 million ounces in October 2016. Industry sources told Reuters that Western sanctions against Russia lifted the country’s gold buying to record highs in 2018. One of the reasons Russia’s Central Bank was betting on the yellow metal was because it could not be frozen or blacklisted, sources explained.

“It seems that there is an aim to diversify from American assets,” said a source in one of Russia’s gold producers, referring to the Central Bank’s holdings. While purchases of the precious metal by Russia jumped last year the country continued getting rid of US Treasury securities. Earlier this month, Russia’s Central Bank reported that it cut the share of the US dollar in the country’s foreign reserves to a historic low, transferring nearly $100 billion into the euro, the Japanese yen and the Chinese yuan. The step came as a part of a broader state policy on eliminating reliance on the greenback. According to sources, the Central Bank has been purchasing a significant portion of Russia’s domestic gold production, which is also rising.

Read more …

As the EU promotes Roundup, this court has the only right attitude, referring to “a precautionary principle in French law.” All GMO crops should be banned because of that principle. The risks are too great, and there’s likely no way back. You can’t put the onus of proof on society at large, Monsanto will have to prove there is no risk or damage at all, not the other way around. Nassim Taleb is the only person I’ve seen who also says this as the most important thing concerning GMO.

French Court Cites Precautionary Principle To Cancel Monsanto Permit (R.)

A French court canceled the license for one of Monsanto’s glyphosate-based weedkillers on Tuesday over safety concerns, placing an immediate ban on Roundup Pro 360 in the latest legal blow to the Bayer-owned business. Germany’s Bayer, which bought Monsanto for $63 billion last year, faces thousands of U.S. lawsuits by people who say its Roundup and Ranger Pro products caused their cancer. A court in Lyon in southeast France ruled that the approval granted by French environment agency ANSES in 2017 for Roundup Pro 360 had failed to take into account potential health risks. Bayer, which said it disagreed with the decision and was considering its legal options, has cited regulatory rulings as well as scientific studies that found glyphosate to be safe.

The firm is appealing a first U.S. court ruling that awarded $78 million in damages to a school groundskeeper from California. “Bayer disagrees with the decision taken by the Administrative Court of Lyon to cancel the marketing authorization for RoundUp Pro 360,” it said in a statement. “This product formulation, like all crop protection products, has been subject to a strict evaluation by the French authorities (ANSES), an independent body and guarantor of the public health security.” The French court said ANSES had not respected a precautionary principle in French law, notably by not conducting a specific evaluation of health risks for Roundup Pro 360.

“Despite the European Union’s approval of the active substance (glyphosate), the court considered that scientific studies and animal experiments showed Roundup Pro 360 … is a potentially carcinogenic product for humans, suspected of being toxic for human reproduction and for aquatic organisms,” the court said in a summary of its ruling. ANSES said it was still examining the court ruling, but that the decision was effective immediately. “As a consequence, the sale, distribution and use of RoundUp Pro 360 are banned as of today,” the agency said in an email.

Read more …

Jan 162019
 
 January 16, 2019  Posted by at 10:45 am Finance Tagged with: , , , , , , , , , , , ,  11 Responses »


Pablo Picasso Women running on the beach 1922

 

Theresa May Faces No Confidence Vote After Historic 230-Vote Defeat (Ind.)
The People Want A Final Say – Whatever The Papers Say (Ind.)
Market Reaction To Theresa May’s Brexit Defeat Is Over-Optimistic (Coppola)
Expect A Wild Ride For The British Pound – Steve Keen (RT)
EU States Escalate No-Deal Brexit Preparations After May Defeat (G.)
Time For Playing Games On Brexit Over – German Foreign Minister (R.)
China Vows Tax Cuts, More Public Spending To Halt Economic Slowdown (G.)
Rosenstein, DOJ Explore Ways To More Easily Spy On Journalists (Solomon)
Here Is A List Of All The Good Things Trump Did For Russia (MoA)
Russian Security Chief Calls BBC A ‘Fake News Factory’ (RT)
Putin Slams FYROM Name-Change Deal (K.)
Canada Sees No Cancer Risk From Monsanto’s Roundup Weed Killer (RT)
EU Glyphosate Approval Was Based On Plagiarised Monsanto Text (G.)
Immediate Fossil Fuel Phaseout Could Arrest Climate Change (G.)

 

 

It’s either the biggest loss ever, or the biggest since 1924. And still May doesn’t want to step down. Someone must force her. Send her the bill.

Theresa May Faces No Confidence Vote After Historic 230-Vote Defeat (Ind.)

Brexit has been dealt a hammer blow after Theresa May’s plans fell to the biggest ever Commons defeat and Jeremy Corbyn launched a bid to topple her government within 24 hours. Even Downing Street insiders admitted being shocked by the scale of the rout, which sent shockwaves across the English Channel and saw critics brand her deal “dead”. In total, 118 of the prime minister’s own MPs refused to back the withdrawal agreement she spent 19 arduous months negotiating with Brussels. Labour leader Mr Corbyn branded the result “catastrophic” and immediately said he would table a motion of no confidence, which Ms May must win on Wednesday to avoid a general election.

The prime minister will simultaneously begin a desperate scramble to save her deal, meeting senior parliamentarians from across the political spectrum to see what changes she might seek to win support. But sources from both the pro-EU and Eurosceptic wings of the cabinet admitted to The Independent in the aftermath, that a softer Brexit was now a more likely outcome. Ms May’s spinners had briefed that they hoped to limit the number of Tory MPs opposing her to double digits, with many people thinking Conservative opposition would weaken as the big moment approached. But there were gasps as the result was read out – 432 votes against and just 202 for – making it a bigger margin of defeat than the previous comparable loss suffered by Labour’s Ramsay MacDonald in 1924.

Read more …

The Independent had two headlines for this piece. The other one was: “Despite the views of the right-wing press, the British people still want a Final Say on Brexit”. Because they’re just one the papers themselves. Also interesting: they talk about “Her Majesty’s Press”. What a curious view of the media that is.

The People Want A Final Say – Whatever The Papers Say (Ind.)

Judging by the polling evidence, a small but consistent majority of people favour a second referendum to resolve the current crisis over Britain’s relationship with Europe. The divergence between this and the house views of most traditional media outlets is quite striking. Of the national titles, only The Independent has given its unequivocal support to such an outcome, although The Guardian has come close with its call for “people’s assemblies” that it admitted could very well lead to a fresh poll. The remainder have either backed May’s deal, with more or less tepidity, or a no deal – with the exception of the Daily Mirror, which is in tune with the Labour leadership’s desire for a general election that probably won’t resolve anything and, as things stand, is unlikely to happen.

The London-centric media is often said to be “out of touch” with the world outside the M25. I’d suggest that the gulf has seldom been as wide as it is today, at least on this issue. Whichever way you look at it, the views of such a substantial portion of the British population have one only one, or perhaps two, outlets in what one might describe as the mainstream media. That could be considered worrying. It surely can’t be a good thing at such a polarised time that such a substantial portion of the population is being ignored by the majority of Her Majesty’s press – even though it is probably true that many if not most readers of the right-leaning titles (including The Sun, the Daily Express, the Daily Mail and the The Daily Telegraph) would, on balance, reject a Final Say referendum on Theresa May‘s Brexit deal.

Read more …

“It’s time to buy the pound,” said Deutsche Bank’s analysts..

Market Reaction To Theresa May’s Brexit Defeat Is Over-Optimistic (Coppola)

Theresa May has just suffered the heaviest defeat of any U.K. Prime Minister for a century. Her Brexit deal was resoundingly rejected by the House of Commons. More than twice as many lawmakers voted against the deal as for it, including over a hundred members of her own party. Previous prime ministers that have suffered such humiliation have resigned. But not Mrs. May. Her deal is dead in the water, but she intends to struggle on. Though it is not clear where she goes from here, or even for how long she will survive. Tomorrow, she faces a vote of no confidence. If she loses it, her government will fall. You would think that all this drama would elicit a strongly negative response from markets, wouldn’t you?

A run on the pound, perhaps? After all, May’s previous gaffes and humiliations caused sterling’s exchange rate to fall. Not a bit of it. The pound rose on the news that May’s horrible deal had been resoundingly defeated. On Twitter, Jamie McGeever of Reuters reported that both Deutsche Bank and Nomura were going long sterling. “It’s time to buy the pound,” said Deutsche Bank’s analysts: “Prime Minister May lost tonight’s UK parliamentary vote on her Brexit deal by a larger margin than expected – 432 votes to 202. Notwithstanding, after more than two years since the UK triggered Article 50 to leave the EU and over eighteen months of negotiations, a positive Brexit resolution is finally in sight.”

Read more …

Steve doesn’t agree with Deutsche: “In general, I think the pound will be at least 30 percent lower than it had been..”

Expect A Wild Ride For The British Pound – Steve Keen (RT)

As the British Parliament voted down Prime Minister Theresa May’s Brexit plan on Tuesday, analysts expect more losses for sterling amid uncertainty over how the UK’s eventual withdrawal from the EU will take shape. Professor of Economy, Steve Keen who is the author of Debunking Economics, told RT that it’s hard to say how the vote will affect the British currency but added “definitely, expect a wild ride,” while the markets are “completely dominated with speculation.” “With speculators gambling one can’t actually say whether it will have impact one way or the other,” he said. “In general, I think the pound will be at least 30 percent lower than it had been,” Keen said, explaining “I think it is overvalued and that makes British manufacturing uncompetitive…”

The professor also said that if the break with the European Union happens the pound will fall in value but “overall it won’t be a good thing or a bad thing” because it is already seriously overvalued. The British currency has been sliding since 2008, well before the Brexit referendum. According to Keen, that means that Britain has some other serious economic problems. “The main problem the British have had is that they made a mistake 40 years ago deciding to go with services rather than manufacturing.” He explained that Britain is now running a substantive deficit compared to Germany which is running a gigantic balance of trade surplus. “So, that is the key problem for the British economy and it really has almost nothing to do with Brexit,” Keen said.

Read more …

The costs are already running in the many billions. Who will pay, the UK?

EU States Escalate No-Deal Brexit Preparations After May Defeat (G.)

European Union capitals were ramping up their preparations to minimise the chaos and disruption of a possible no-deal Brexit after Theresa May’s plan was crushed by MPs. With 72 days until the UK is due to leave the EU, the Belgian prime minister, Charles Michel, met cabinet ministers on Tuesday to discuss their top priorities for a package of emergency Brexit laws that he wants to present to parliament before the end of February. The Belgian government has told businesses and citizens that a no-deal Brexit could lead to the imposition of up to €2.2bn in extra tariffs on goods and the loss of more than 40,000 jobs. In France, which has already passed its no-deal contingency legislation, the Europe minister, Nathalie Loiseau, stressed that no further concessions could be expected from the bloc.

“It’s up to the British parliament and the British government to have a back-up plan in case,” Loiseau told reporters at the European parliament in Brussels. “It’s no longer up to us – we have given everything we can give.” The Spanish government this week launched an online information service for citizens and businesses, including advice on how to prepare for a no-deal Brexit. It has also drafted a decree enabling it to enact no-deal contingency provisions drawn up by the European commission. [..] The EU’s executive last month unveiled bare-bones plans to keep planes in the air and money flowing should the UK crash out, saying it would take all necessary steps to limit the fallout from the ensuing disruption for its members.

A temporary nine-month regime would allow UK airlines to fly to the continent and back (but not between EU cities), EU banks to clear transactions in the City of London, British trucks to deliver goods into the EU, and vital data to be shared. The bloc can terminate this regime unilaterally. [..] The Netherlands, home to Europe’s largest port in Rotterdam, aims to have hired more than 900 extra customs officials by the end of the year – one-third of them by the time Britain plans to leave the EU on 29 March – as well as 150 vets and other scientists for checks on food, plant and animal products. Along with the Belgians, French and Danish, the Dutch have launched comprehensive Brexit impact assessment schemes allowing companies to analyse their specific no-deal risks based on business sector and relationship with the UK.

Read more …

German car exports are down some 10%. They would not like losing UK sales.

Time For Playing Games On Brexit Over – German Foreign Minister (R.)

With the clock ticking ahead of Britain’s scheduled exit from the European Union at the end of March, German Foreign Minister Heiko Maas said on Wednesday the “time for playing games” was over after London’s rejection of a withdrawal agreement. Maas said further talks would almost certainly be needed after Britain’s parliament voted down the exit deal worked out between London and the bloc over the past two years. “The time for playing games is over,” Maas told Deutschlandfunk radio, adding that the EU would deal “constructively” with any British request to delay the departure date. German economy minister Peter Altmaier said that the EU would look at any fresh proposals London made, but said the substance of the deal was non-negotiable.

But umbrella groups representing German industry, whose cross-border supply chains stand to be hit by the imposition of a hard customs border between Britain and the continent, were less conciliatory. Martin Wansleben, head of the German Chambers of Commerce, warned that the political uncertainty now made planning almost impossible and that German companies were already starting to build inventory in preparation. German auto makers would start asking whether it was worth investing in Britain, he added. “The House of Commons has missed an opportunity to avert a hard Brexit and lay the foundations for close ties to the EU,” said Carl Martin Weicker, head of machine tools association VDMA.

“It is simply irresponsible that the British governing coalition is still trying to reach a unified position 10 weeks before the exit deadline,” he added.

Read more …

China’s like Japan: deperate attempts to stimulate domestic demand fail miserably. You can’t force people to consume, and the more you try, the more suspicious they become, causing them to halt spending.

China Vows Tax Cuts, More Public Spending To Halt Economic Slowdown (G.)

China has vowed to take action to support its slowing economy with a package of tax cuts for small businesses and higher public spending. Officials said they would cut taxes “on a larger scale” in order to boost business activity, announced against a backdrop of disappointing industrial production figures and the first drop in car sales for almost three decades. The interventions, designed to soothe concerns among international investors, come after official figures on Monday revealed a 4.4% decline in exports in December – the biggest drop since 2016 – on the back of faltering demand in most of its key markets. Imports also fell by 7.6% as domestic appetite waned.

China has been embroiled in a trade dispute with the US, which has put a handbrake on global trade. Although Beijing and Washington are edging closer to a deal, concerns remain the dispute could be reignited. Financial markets around the world rallied after the announcement from Beijing, with the FTSE 100 closing up more than 40 points and gains on other stock markets elsewhere across Europe. The Dow Jones industrial average had gained about 90 points in afternoon trading in New York. While exact details of the stimulus package are yet to be unveiled, the Chinese finance ministry suggested the measures would include cutting value added tax for some companies, particularly in the manufacturing sector, as well as rebates for other businesses to ward off a more damaging slowdown.

Read more …

“Sources close to Whitaker say he will await final judgment but, in recent days, has developed reservations about proceeding with the plan…”

Rosenstein, DOJ Explore Ways To More Easily Spy On Journalists (Solomon)

For months now, the Department of Justice (DOJ) quietly has been working on a revision to its guidelines governing how, when and why prosecutors can obtain the records of journalists, particularly in leak cases. The work has been supervised by Deputy Attorney General Rod Rosenstein’s office, especially since former Attorney General Jeff Sessions departed, but is not wrapped up. The effort has the potential to touch off a First Amendment debate with a press corps that already has high degrees of distrust of and disfunction with the Trump administration. Acting Attorney General Matt Whitaker is aware of the effort but has not been given a final recommendation. Sources close to Whitaker say he will await final judgment but, in recent days, has developed reservations about proceeding with the plan.

“After a lengthy period of turmoil and regular criticism from President Trump, DOJ has enjoyed a period of calm normalcy that has put employees’ focus back on their work and not the next tweet. Matt doesn’t want to disrupt that unless a strong legal case can be made,” a source close to the acting AG told me. The current guidelines have their origins back to a time when Bill Clinton was president and Janet Reno was attorney general, long before WikiLeaks was a twinkle in Julian Assange’s eye. They were designed to strike a balance between law enforcement’s investigative interests and the First Amendment rights of reporters.

[..] With Rosenstein signaling last week that he plans to step aside in a few weeks, palace intrigue has risen inside Justice about whether the rule changes will be finished and whether Whitaker might reject them. If not, a process begun under Sessions could drag into the tenure of a new attorney general. Trump has nominated William Barr for the job, which Barr held under President George H.W. Bush three decades earlier. According to my sources, the arguments for changing the rules emanate from the stresses that a massive increase in criminal leak investigations have placed on the DOJ.

Read more …

Moon of Alabama has a long list. Check it out.

Here Is A List Of All The Good Things Trump Did For Russia (MoA)

Slate’s Fred Kaplan writes: “The Washington Post’s Greg Miller reported Sunday that President Donald Trump’s confiscation of the translator’s notes from a one-on-one conversation with Russian President Vladimir Putin in 2017 was “unusual.” This is incorrect. It was unprecedented. There is nothing like it in the annals of presidential history.” Not really. Other U.S. leaders held long private meetings with their counterparts without notes being taken. When Richard Nixon met Leonid Brezhnev he did not even bring his own interpreter: “Nixon would meet Brezhnev alone, the only other person in attendance being Viktor Sukhodrev, the Soviet interpreter. “Our first meeting in the Oval Office was private, except for Viktor Sukhodrev, who, as in 1972, acted as translator.” Nixon on Brezhnev’s 1973 visit. RN, p.878 .

Therefore, the only “notes” that would exist would be those of the Soviet interpreter. Not sure he would have time to make notes and translate and, even if he did so, whether those notes would be housed in any US archive. Nixon’s White House office was bugged. There are probably tape recordings of the talks. There might also be recordings of the Trump-Putin talks. At their 1986 Reykjavik summit Ronald Reagan and Mikhail Gorbachev talked without their notetakers: “Mr. Reagan and Mr. Gorbachev began their second day of talks with a private meeting that had been scheduled to last 15 minutes but ran for nearly 70 minutes, with only interpreters present. They met in a small room in the Soviet Mission, with the Soviet leader seated in a small armchair and Mr. Reagan on a sofa. In the afternoon, they meet alone for a little over 20 minutes and then again for 90 minutes. All told, the two leaders have spent 4 hours and 51 minutes alone, except for interpreters, over the two days here.”

The archives of the Reykjavik talks do not include any notes of those private talks. But, who knows, maybe Nixon and Reagan where also on the Russian payroll, just like Donald Trump is today. Only that Trump is controlled by Putin can explain why the FBI opened a counter-intelligence investigation against Trump (see section three). That the FBI agents involved in the decision were avid haters of Russia and of Trump has surely nothing to do with it. That the opening of a counter-intelligence investigation gave them the legal ability under Obama’s EO12333 to use NSA signal intelligence against Trump is surely irrelevant.

What the FBI people really were concerned about is Trump’s public record of favoring Russia at each and every corner. Trump obviously wants better diplomatic relations with Russia. He is reluctant to counter its military might. He is doing his best to make it richer. Just consider the headlines below. With all those good things Trump did for Putin, intense suspicions of Russian influence over him is surely justified.

Read more …

“Britain is not alone in its Russophobic policy. Except the nations with the same mindset mostly are in Eastern Europe.”

Russian Security Chief Calls BBC A ‘Fake News Factory’ (RT)

Britain is a former empire trying to stay relevant in European affairs by becoming an anti-Russian champion, Nikolai Patrushev, a senior Russian security official, believes. British people see through this ruse, he said. Patrushev, the former head of the security service FSB, who currently chairs the Russian national security council, painted a highly unfavorable picture of modern Britain in an interview with Rossiyskaya Gazeta. He said the British establishment still cannot get over their country’s rapid transition from the world’s most-powerful empire to a nation subjugated by its former colony, the United States. Today the British leadership learns about the most important decisions taken in the White House from the media. Britain cannot remain even the leader of the Old World.

The continental Europe is tired of London’s arrogant one-sided policy, its outdated habit of trying to dictate terms to others. The Russian official said Britain is trying to preserve its diminishing influence by becoming Europe’s champion in an anti-Russian crusade, based on supposed common European values. This foundation however is false, Patrushev said. “Britain poses as a model democracy. But it’s not clear how it complies with the strict censorship in the British media, for example,” he said. “The BBC has pretty much become a fake news factory that the Britons themselves take with a smile,” Patrushev added. “Admittedly, Britain is not alone in its Russophobic policy. Except the nations with the same mindset mostly are in Eastern Europe.”

Read more …

The deal is designed to let FYROM enter NATO. Greek PM Tsipras has lost his coalition partner recently over it, and called a confidence vote this week. All for NATO.

Putin Slams FYROM Name-Change Deal (K.)

Russian President Vladimir Putin has criticized the name deal between Greece and the Former Yugoslav Republic of Macedonia (FYROM) suggesting it is part of a campaign to increase western influence in the Balkan region. In an interview with Serbia’s Vecernje Novosti newspaper Tuesday ahead of his scheduled visit to the country later this week, Putin said that the so-called Prespes accord had been enforced from outside against popular will in a bid to draw the country into the NATO military alliance. In the same interview, the Russian president said the United States were destabilizing the Balkan peninsula by “asserting their dominant role” in the region.

Also on Tuesday, Moscow dismissed Greece’s accusation that it was meddling in its internal affairs but insisted it will express its opinion about the Prespes agreement to the United Nations Security Council. “We are in no way meddling in Greece’s internal affairs, but Russia will be expressing its point of view on the issues within the competence of the UN Security Council,” said Russia’s Deputy Foreign Minister Alexander Grushko. Grushko said the Russian Foreign Ministry statement was a fundamental assessment of “how negotiations [between Athens and Skopje] had proceeded.” He said the West’s interference was unprecedented and was aimed at achieving quite clear geopolitical goals.

Read more …

Canada is for sale. And Monsanto has plenty cash.

Canada Sees No Cancer Risk From Monsanto’s Roundup Weed Killer (RT)

Canadian farmers will continue using glyphosate after Health Canada concluded that the active ingredient in Monsanto’s Roundup weed killer poses no human risks. The federal agency dismissed eight notices of objection and assertions made in the so-called Monsanto Papers in 2017. “After a thorough scientific review, we have concluded that the concerns raised by the objectors could not be scientifically supported when considering the entire body of relevant data. The objections raised did not create doubt or concern regarding the scientific basis for the 2017 re-evaluation decision for glyphosate,” Health Canada said in a press release.

The 2017 re-evaluation determined that glyphosate is not genotoxic and is unlikely to pose a human cancer risk. It also determined that dietary exposure associated with the use of glyphosate is not expected to pose a risk of concern to human health. When used according to revised label directions, glyphosate products are not expected to pose risks of concern to the environment, according to the study. Health Canada said it has selected a group of 20 of its own scientists who were not involved in the 2017 decision to evaluate the eight objections and the concerns raised publicly around glyphosate. The agency said its scientists “left no stone unturned in conducting” the review.

Read more …

What a surprise.

EU Glyphosate Approval Was Based On Plagiarised Monsanto Text (G.)

EU regulators based a decision to relicense the controversial weedkiller glyphosate on an assessment plagiarised from industry reports, according to a report for the European parliament. A crossparty group of MEPs commissioned an investigation into claims, revealed by the Guardian, that Germany’s Federal Institute for Risk Assessment (BfR) copy-and-pasted tracts from Monsanto studies. The study’s findings have been released hours before a parliamentary vote on tightening independent scrutiny of the pesticides approvals process. The authors said they found “clear evidence of BfR’s deliberate pretence of an independent assessment, whereas in reality the authority was only echoing the industry applicants’ assessment.”

Molly Scott Cato, a Green MEP, said the scale of alleged plagiarism by the BfR authors shown by the new paper was “extremely alarming”. “This helps explain why the World Health Organization assessment on glyphosate as a probable human carcinogen was so at odds with EU assessors, who awarded this toxic pesticide a clean bill of health, brushing off warnings of its dangers,” she said. The study found plagiarism in 50.1% of the chapters assessing published studies on health risks – including whole paragraphs and entire pages of text. The European Food Safety Authority (Efsa), based its recommendation that glyphosate was safe for public use on the BfR’s assessment.

Read more …

But are we ready for no economy?

Immediate Fossil Fuel Phaseout Could Arrest Climate Change (G.)

Climate change could be kept in check if a phaseout of all fossil fuel infrastructure were to begin immediately, according to research. It shows that meeting the internationally agreed aspiration of keeping global warming to less than 1.5C above pre-industrial levels is still possible. The scientists say it is therefore the choices being made by global society, not physics, which is the obstacle to meeting the goal. The study found that if all fossil fuel infrastructure – power plants, factories, vehicles, ships and planes – from now on are replaced by zero-carbon alternatives at the end of their useful lives, there is a 64% chance of staying under 1.5C.

In October, the IPCC said the difference between 1.5C of warming and the earlier international target of 2C was a significantly lower risk of drought, floods, heatwaves and poverty for hundreds of millions of people. Christopher Smith, of the University of Leeds, who led the research, said: “It’s good news from a geophysical point of view. But on the other side of the coin, the [immediate fossil fuel phaseout] is really at the limit of what we could possibly do. We are basically saying we can’t build anything now that emits fossil fuels.” Nicholas Stern, of the London School of Economics, who was not part of the research team, said: “We are rapidly approaching the end of the age of fossil fuels. This study confirms that all new energy infrastructure must be sustainable from now on if we are to avoid locking in commitments to emissions that would lead to the world exceeding the goals of the Paris agreement.”

[..] The study, published in the journal Nature Communications, used computer models to estimate by how much global temperatures would rise if a fossil fuel infrastructure phaseout began immediately. The lifespan for power plants was set at 40 years, cars an average of 15 years and planes 26 years. The work also assumes a rapid end to beef and dairy consumption, which is responsible for significant global emissions. In this scenario, the models suggest carbon emissions would decline to zero over the next four decades and there would be a 66% chance of the global temperature rise remaining below 1.5C. If the phaseout does not begin until 2030, the chance is 33%.

Read more …

Jan 132019
 


Vincent van Gogh Field with Flowers near Arles 1888

 

Venture Capital Spending Hit All-Time High In 2018 In Tech Bubble 2.0 (Colombo)
Trump Vents Fury Over Russia Stories (G.)
House Democrats Eye Reported FBI Probe Of Trump (R.)
Schumer To Force Vote On US Decision To Lift Sanctions On Russia Firms (R.)
The Manafort Revelation Is Not a Smoking Gun (Maté)
What Trump’s Syrian Withdrawal Really Reveals (Stephen Cohen)
Republican Baby Boomers More Likely To Share Fake News On Facebook (MW)
May Warns Of Catastrophe If Lawmakers Don’t Back Brexit Deal (R.)
Labour Set To Call Vote To Topple Theresa May’s Government (G.)
Police Use Water Cannon And Teargas On Paris Protesters (G.)
The Era Of Easy Recycling May Be Coming To An End (538)

 

 

All politics today, with one finance story (and one on recycling). Expect venture capital to plunge in 2019.

Venture Capital Spending Hit All-Time High In 2018 In Tech Bubble 2.0 (Colombo)

Though most people look at record VC spending as a sign of a strong, healthy economy, my research has found that the current VC boom is the result of another tech bubble that inflated due to the Federal Reserves ultra-stimulative monetary policies of the past decade. Unfortunately, this tech bubble is going to end just like the late-1990s dotcom bubble did – in another disastrous bust. The chart below shows the monthly count of global VC deals that raised $100 million or more since 2007. According to this chart, a new “unicorn” startup was born every four days in 2018.

The chart below shows the Nasdaq Composite Index and the two bubbles that formed in it in the past two decades. Lofty tech stock prices and valuations encourage the tech startup bubble because publicly traded tech companies have more buying power with which to acquire tech startups and because they allow startups to IPO at very high valuations.

In the chart below, I compared the monthly global VC deals chart to the Nasdaq Composite Index and they line up perfectly. Surges in the Nasdaq lead to surges in VC deals, while lulls or declines in the Nasdaq lead to lulls or declines in VC deals.

Read more …

The FBI has to be investigated over this (why was the probe launched?). But no-one has the power to do so.

Trump Vents Fury Over Russia Stories (G.)

Donald Trump has strongly denied the stunning claim that he was secretly working on behalf of Russia and again threatened to declare a national emergency to fund a border wall. In 20-minute live phone interview with Fox News on Saturday night, he described as an “insult” the New York Times story that alleged the FBI launched an investigation into whether the he was acting as a Russian asset, against his own country’s interests. Trump said the story, which claimed the investigation opened after Trump fired the FBI director James Comey in May 2017, was “the most insulting article ever written”. “If you read the article you’ll see that they found absolutely nothing,” he said during the Fox News interview. “I think [the story] was a great insult and the New York Times is a disaster of a paper. It’s a very horrible thing they said.”

Citing anonymous sources, the Times said the investigation was part counterintelligence, to determine whether Trump was knowingly or unknowingly working for Moscow and posed a threat to national security. It was also part criminal, to ascertain whether Trump’s dismissal of Comey constituted obstruction of justice. The FBI effort was soon absorbed into the special counsel Robert Mueller’s investigation of Russian interference in the 2016 election and alleged collusion between Trump’s campaign and Moscow, the Times reported, adding that it was unclear if the counterintelligence aspect is still being pursued. The president again called Comey a “liar” and claimed the entire Russia investigation was a “terrible hoax”. “Everybody knows it. It’s really a shame because it takes time; it takes effort. Everybody knows there’s no collusion,” he said.

[..] Trump’s warm relationship with the Russian president, Vladimir Putin, has long set alarm bells ringing. The day after firing Comey, he hosted Russia’s foreign minister, Sergey Lavrov, in the Oval Office – and disclosed intelligence from an Israeli counterterrorism operation. At a summit in Helsinki last summer, Trump appeared to side with Putin over his own intelligence agencies on the question of election interference. On Saturday, the Washington Post reported that Trump took the notes from of a 2017 meeting with Putin in Hamburg from his own interpreter. Citing current and former US officials, the paper also said Trump instructed the linguist not to discuss what had transpired with other administration officials. Asked why he would not release the conversations, Trump said: “I would. I don’t care … I’m not keeping anything under wraps. I couldn’t care less.”

Read more …

Sometimes you think they actually believe their Putin as bogeymen tales. But that can’t be true. They know as well as we do that there’s never been any proof, and you can’t base policy on innuendo alone. That would be dangerous.

House Democrats Eye Reported FBI Probe Of Trump (R.)

A U.S. House of Representatives committee will look into a newspaper report that the FBI investigated whether President Donald Trump has been working on behalf of Russia, against U.S. interests, the panel’s Democratic chairman said on Saturday. The New York Times reported that the probe began in the days after Trump fired James Comey as director of the Federal Bureau of Investigation in May 2017 and said the agency’s counterintelligence investigators had to consider whether Trump’s actions constituted a possible threat to national security. Trump rejected the Times piece in a late Saturday night interview on Fox News as “the most insulting article I’ve ever had written” and lashed out at Comey and the FBI in half a dozen tweets.

House Judiciary Committee Chairman Jerrold Nadler said his panel “will take steps to better understand both the president’s actions and the FBI’s response to that behavior” in coming weeks. He also said lawmakers would seek to protect investigators from the president’s “increasingly unhinged attacks.” “There is no reason to doubt the seriousness or professionalism of the FBI, as the president did in reaction to this story,” Nadler, a New York Democrat, said in a statement. “We have learned from this reporting that, even in the earliest days of the Trump administration, the president’s behavior was so erratic and so concerning that the FBI felt compelled to do the unprecedented – open a counterintelligence investigation into a sitting president,” Nadler said.

House Intelligence Committee Chairman Adam Schiff said he could not comment on the specifics of the report, but said his committee would press ahead with its probe of Trump’s contacts with Russia. “Counterintelligence concerns about those associated with the Trump campaign, including the president himself, have been at the heart of our investigation since the beginning,” said Schiff, a California Democrat. Schiff said meetings, contacts and communications between Trump associates and Russians, as well as “the web of lies about those interactions, and the president’s own statements and actions,” have heightened the need to follow the evidence where it leads.

Read more …

Schumer here moves on the basis of a collusion-themed link between Manafort and Deripaska.

But the article after this one says: “The Virginia judge who presided over Manafort’s first trial said the charges against him “manifestly don’t have anything to do with the [2016] campaign or with Russian collusion.” The collusion probe, the DC judge in Manafort’s second trial concurred, was “wholly irrelevant” to these charges.”

Schumer To Force Vote On US Decision To Lift Sanctions On Russia Firms (R.)

U.S. Senate Democratic Leader Chuck Schumer said on Saturday he will force a vote soon on a resolution to disapprove the Trump administration’s decision to relax sanctions on three Russian companies connected to oligarch Oleg Deripaska. “I have concluded that the Treasury Department’s proposal is flawed and fails to sufficiently limit Oleg Deripaska’s control and influence of these companies and the Senate should move to block this misguided effort by the Trump Administration and keep these sanctions in place,” Schumer said in a news release.

The U.S. Treasury announced on Dec. 20 that it would lift sanctions imposed in April on the core businesses of Deripaska, including aluminum giant Rusal its parent En+ and power firm EuroSibEnergo, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea. After lobbying by European governments that followed the imposition of sanctions, Washington postponed enforcement of the sanctions and started talks with Deripaska’s team on removing Rusal and En+ from the blacklist if he ceded control of Rusal. The businessman, who has close ties to the Kremlin, also had ties with Paul Manafort, Trump’s former campaign manager, documents have showed.

An FBI agent said in an affidavit attached to a 2017 search warrant unsealed earlier this year that he had reviewed tax returns for a company controlled by Manafort and his wife that showed a $10 million loan from a Russian lender identified as Deripaska. On Thursday, U.S. Treasury Secretary Steven Mnuchin insisted that the Trump administration would keep tight control on companies linked to Deripaska, despite the decision to ease restrictions. Mnuchin said the firms would face consequences including the reimposition of sanctions if they failed to comply with the terms. Schumer said given Deripaska’s potential involvement with Manafort, and since special counsel Robert Mueller’s investigation into Trump’s ties with Russia has not yet concluded, “It’s all the more reason these sanctions must remain in place.”

Read more …

It’s a shame I don’t have more speace for Aaron Maté’s piece. Click the link and read.

@yashalevine on Twitter about Kilimnik: “Yep, the supposed Russian intelligence asset linking Trump through Manafort to the Kremlin spent a decade on the payroll of a CIA cutout meddling in Russian politics. “

The Manafort Revelation Is Not a Smoking Gun (Maté)

Partisans of the theory that Donald Trump conspired with the Kremlin to win the 2016 election believe that they have found their smoking gun. On Tuesday, defense attorneys inadvertently revealed that special counsel Robert Mueller has claimed that former Trump-campaign chairman Paul Manafort lied to prosecutors about sharing polling data with a Russian associate. Now we’re being told that the revelation “is the closest thing we have seen to collusion,” (former FBI agent Clint Watts), “makes the no-collusion scenario even more remote,” (New York magazine’s Jonathan Chait), and, “effectively end[s] the debate about whether there was ‘collusion.’” (Talking Points Memo’s Josh Marshall). But like prior developments in the Mueller probe that sparked similar declarations, the latest information about Manafort is hardly proof of collusion.

According to an accidentally unredacted passage, Mueller believes that Manafort “lied about sharing polling data…related to the 2016 presidential campaign,” with Konstantin Kilimnik, a Russian national who worked as Manafort’s fixer and translator in Ukraine. Manafort’s employment of Kilimnik has fueled speculation because Mueller has stated that Kilimnik has “ties to a Russian intelligence service and had such ties in 2016.”Yet Mueller’s only references that Kilmnik has Kremlin “ties” came in two court filings in 2017 and 2018, and it’s not clear what Mueller meant in either case. In April 2018, Manafort’s attorneys told a Virginia judge that they have made “multiple discovery requests” seeking any contacts between Manafort and “Russian intelligence officials,” but that the special counsel informed them that “there are no materials responsive to [those] requests.”

Kilimnik insists that he has “no relation to the Russian or any other intelligence service.” According to a lengthy profile in The Atlantic, “insinuations” that Kilimnik has worked for Russian intelligence during his years in Ukraine “were never backed by more than a smattering of circumstantial evidence.” All of this has been lost on US media outlets, who routinely portray Kilimnik as a “Russian operative” or an “alleged Russian spy.” [..] Rather than imagining it as part of some grand Trump-Russia conspiracy, there’s a more plausible explanation for why Manafort wanted public polling data to be forwarded to Ukrainian oligarchs. Manafort was heavily in debt when he joined Trump’s team. Being able to show former Ukrainian clients “that he was managing a winning candidate,” the Times noted, “would help [Manafort] collect money he claimed to be owed for his work on behalf of the Ukrainian parties.”

All of this highlights another inconvenient fact about Mueller’s case against Manafort: It is not about Russia, but about tax, bank, and lobbying violations stemming from his time in Ukraine. The Virginia judge who presided over Manafort’s first trial said the charges against him “manifestly don’t have anything to do with the [2016] campaign or with Russian collusion.” The collusion probe, the DC judge in Manafort’s second trial concurred, was “wholly irrelevant” to these charges.

Read more …

And what goes for Aaron Maté’s piece is also valid for Stephen Cohen. Worth reading the whole thing.

What Trump’s Syrian Withdrawal Really Reveals (Stephen Cohen)

First, no foreign-policy initiative undertaken by President Trump, however wise it may be in regard to US national interests, will be accepted by that establishment. Any prominent political figure who does so will promptly and falsely be branded, in the malign spirit of Russiagate, as “pro-Putin,” or, as was Senator Rand Paul, arguably the only foreign-policy statesman in the senate today, “an isolationist.” This is unprecedented in modern American history. Not even Richard Nixon was subject to such establishment constraints on his ability to conduct national-security policy during the Watergate scandals.

Second, not surprisingly, the condemnations of Trump’s decision are infused with escalating, but still unproven, Russiagate allegations of the president’s “collusion” with the Kremlin. Thus, equally predictably, the Times finds a Moscow source to say, of the withdrawals, “Trump is God’s gift that keeps on giving” to Putin. (In fact, it is not clear that the Kremlin is eager to see the United States withdraw from either Syria or Afghanistan, as this would leave Russia alone with what it regards as common terrorist enemies.)

Closer to home, there is the newly reelected Speaker of the House, Nancy Pelosi, who, when asked about Trump’s policies and Russian President Putin, told MSNBC’s Joy Reid: “I think that the president’s relationship with thugs all over the world is appalling. Vladimir Putin, really? Really? I think it’s dangerous.” By this “leadership” reasoning, Trump should be the first US president since FDR to have no “relationship” whatsoever with a Kremlin leader. And to the extent that Pelosi speaks for the Democratic Party, it can no longer be considered a party of American national security.

But, third, something larger than even anti-Trumpism plays a major role in condemnations of the president’s withdrawal decisions: imperial thinking about America’s rightful role in the world. Euphemisms abound, but, if not an entreaty to American empire, what else could the New York Times’ David Sanger mean when he writes of a “world order that the United States has led for the 73 years since World War II,” and complains that Trump is reducing “the global footprint needed to keep that order together”? Or when President Obama’s national-security adviser Susan Rice bemoans Trump’s failures in “preserving American global leadership,” which a Times lead editorial insists is an “imperative”?

Read more …

The news about fake news has itself become fake news.

Republican Baby Boomers More Likely To Share Fake News On Facebook (MW)

Social media doesn’t help people differentiate what is real from what is fake, but the phrase “fake news” has been used by social scientists to describe fictional articles online and perhaps more famously by President Donald Trump, who uses it as a cudgel against mainstream media outlets. Facebook, meanwhile, struggles to stem the flow of fake news and erroneous memes, though Chief Executive Mark Zuckerberg has said the world’s biggest social-media site is making progress in dealing with the problem. Trump’s relationship with the media has been acrimonious from the moment he embarked on his campaign for president.

Since then he has not only labeled as “fake” news outlets that have reported critically on his administration but described CNN, NBC, ABC, CBS and the New York Times as “the enemy of the American people.” The good news: Most Facebook users did not share any fake news articles during the 2016 U.S. presidential campaign, according to a study released Wednesday, but the small number who did were mostly Republican Americans over the age of 65. The findings suggest the need for “renewed attention” to educate “particular vulnerable individuals,” such as aging baby boomers, about fake news or misleading information that appears to resemble a fact-checked news article published by a legitimate and fact-based media outlet, researchers said.

[..] To shed light on the issue in the latest study of which users were more likely to share misleading facts on Facebook during the 2016 presidential election, Andrew Guess, an associate professor at Princeton University, and his colleagues disseminated an online survey to 3,500 people in three waves throughout the 2016 campaign. Of the respondents, 1,331 in the initial wave agreed to share their Facebook profile data, which allowed researchers to analyze the age and political affiliations of those people who were more likely to spread fake news.

The results showed that 90% of these users actually did not share misleading or fake articles and only 8.5% shared one or more fake news articles. A plurality, 18%, of the Facebook users who shared the fake stories were both self-identified Republicans and over the age of 65, the authors concluded, and these individuals shared nearly seven times as many fake news articles as respondents in the youngest age group, ranging in age from 18 to 29.

Read more …

Catastrophe is inevitable for May.

May Warns Of Catastrophe If Lawmakers Don’t Back Brexit Deal (R.)

British Prime Minister Theresa May has warned lawmakers that failure to back her plan to leave the European Union would be catastrophic for Britain, in a plea for support two days ahead of a vote in parliament that she is expected to lose. Lawmakers are set to vote on May’s Brexit deal on Tuesday, after she shelved plans for a vote in December when it became clear that not enough lawmakers from her own party or others would back the deal she agreed with Brussels. May looks little closer to securing the support she needs, but writing in the Sunday Express she said lawmakers must not let down the people who voted for Brexit.

“Doing so would be a catastrophic and unforgivable breach of trust in our democracy,” May said. “So my message to Parliament this weekend is simple: it is time to forget the games and do what is right for our country.” On Friday, her foreign minister Jeremy Hunt said Brexit might not happen at all if May’s deal was defeated. Britain, the world’s fifth largest economy, is scheduled to quit the European Union on March 29. The Sunday Times reported that rebel lawmakers were planning to wrest control of the legislative agenda away from May next week with a view to suspending or delaying Brexit, citing a senior government source.

Read more …

Way too late.

Labour Set To Call Vote To Topple Theresa May’s Government (G.)

Labour MPs have been told to prepare for Jeremy Corbyn to table a dramatic and immediate vote of no confidence in Theresa May’s government as early as Tuesday evening in an attempt to force a general election if – as expected – she suffers a heavy defeat this week on her Brexit deal. Messages have been sent to Labour MPs, even those who are unwell, to ensure their presence both for the “meaningful vote” on the prime minister’s Brexit blueprint on Tuesday and the following day. Labour whips have told MPs the no-confidence vote is likely to be tabled within hours of a government loss, with the actual vote taking place on Wednesday.

The news comes before what promises to be one of the most tumultuous 24 hours in recent parliamentary history in which, barring another delay, May will put her Brexit deal to parliament despite deep and widespread opposition across the Commons, including from many MPs inside her own party. A senior shadow cabinet member said: “There is now recognition that we cannot wait any longer. If May goes down to defeat and she does not resign and call an election, this is the moment we have to act.” Senior Tories said on Saturday that they could not see how the prime minister could win the meaningful vote “in any circumstances” and that a defeat by less than 100 would now be regarded as the best she could hope for.

But even if she suffered a loss of closer to 200, which many Tories fear could be the case, Conservative MPs and ministers still expect her to stagger on and seek to bring an improved offer back to the Commons for a further vote within weeks.

Read more …

The number of protesters is increasing rapidly again.

Police Use Water Cannon And Teargas On Paris Protesters (G.)

Gilets jaunes protesters engaged in a ninth weekend of protests all over France on Saturday as the president, Emmanuel Macron, prepared to stake his political future on an open letter to the French people and a national debate. Officials said that at least 84,000 demonstrators turned out across France, thousands more than last weekend, with about 8,000 of those in Paris where protests passed “without serious incident”. Gilets jaunes – named after the hi-vis yellow vests French motorists must carry in their vehicles – said the number was higher but did not give a figure. After the violence of previous weeks, the government put on a show of strength, deploying 80,000 police officers nationwide and about 7,000 in Paris.

[..] Macron has attempted to take the sting out of the protests by announcing a “great national debate” to sound out the public on four themes: taxation, state institutions, democracy and citizenship, but just days before the consultation is due to begin on Tuesday, there is still confusion over how it will be carried out. The president will publish an open letter to the French people on Monday to “explain what I intend to do”. He said the debate was “a vital and very useful moment for our country”. “It’s a great opportunity and everyone must take it … I want a real debate,” he said.

Read more …

When are we going to stop producing the stuff that needs recycling?

The Era Of Easy Recycling May Be Coming To An End (538)

On average, about 25 percent of the stuff we try to recycle is too contaminated to go anywhere but the landfill, according to the National Waste and Recycling Association, a trade group. Just a decade ago, the contamination rate was closer to 7 percent, according to the association. And that problem has only compounded in the last year, as China stopped importing “dirty” recyclable material that, in many cases, has found no other buyer. Americans love convenient recycling, but convenient recycling increasingly does not love us. Waste experts call the system of dumping all the recyclables into one bin “single-stream recycling.” It’s popular.

But the cost-benefit math of it has changed. The benefit — more participation and thus more material put forward for recycling — may have been overtaken by the cost — unrecyclable recyclables. On average, about 25 percent of the stuff we try to recycle is too contaminated to go anywhere but the landfill, according to the National Waste and Recycling Association, a trade group. Just a decade ago, the contamination rate was closer to 7 percent, according to the association. And that problem has only compounded in the last year, as China stopped importing “dirty” recyclable material that, in many cases, has found no other buyer.

Most recycling programs in the United States are now single stream. Between 2005 and 2014, these programs went from covering 29 percent of American communities to 80 percent, according to a survey conducted by the American Forest and Paper Association. The popularity makes sense given that single-stream is convenient and a full 66 percent of people surveyed by Harris Poll last October said that they wouldn’t recycle at all if it wasn’t easy to do. Some experts have credited single stream with large increases in the amount of material recycled. Studies have shown that people choose to put more stuff out on the curb for recycling when they have a single-sort system. And the growth of single-stream recycling tracks with the growth of recycling overall in this country. But it also pretty closely tracks with skyrocketing contamination rates.

Read more …