Aug 162024
 


Salvador Dali Portrait of Picasso 1947

 

Zelensky Gave Initial Order For Nord Stream Attack – WSJ (RT)
Russians Volunteer in Droves as US Tries to Divert Nord Stream Blame (Miles)
Poland Probably Involved In Nord Stream Blasts – ex-German Spymaster (RT)
Zelensky Aide Denies Kiev’s Involvement In Nord Stream Attack (RT)
Zelensky Aide Admits Kursk Incursion Was Discussed With Western Backers (RT)
US Lying About Involvement In Kursk Attack – Patrushev (RT)
Zombie Russiagate Conspiracy Persists as US Stokes Fear, Hatred of Moscow (Sp.)
Harris Seeks to Distance Herself From Biden’s Unpopularity on Economy (Sp.)
Kamala’s First Economic Plan Proposes Price Controls To “Combat Inflation” (ZH)
“Would It Kill You Guys?” (ZH)
Vance and Walz Agree to Oct. 1 Debate (ET)
It’s Time For America To Rethink Its Relationship With NATO (Bridge)
Want More Freedom of Speech? Try Less Government (Turley)
Kim Dotcom Defiant After NZ Approves Extradition For US Trial (ZH)
RFK Jr Tried To Meet With Trump, Harris In Pursuit Of Cabinet Position (ZH)

 

 

 

 

Paper

 

 

Dore Kamala

 

 

RoganTrump
https://twitter.com/i/status/1823808656825000274

 

 

TysonTrump
https://twitter.com/i/status/1823818699708739734

 

 

TrumpSS

 

 

Benz
https://twitter.com/i/status/1823823666125398446

 

 

 

 

No he did not. The US is real eager not to be blamed for Nord Stream. So despite Seymour Hersh’s record, they keep coming with stories that would ‘prove’ him wrong. Now it’s a bunch of Ukrainians again. With the same story about 6 adults in a little rented sailing boat for a week, cramped enough. But they also brought deep sea scuba gear for four/five, and a whole set of bombs. Oh, and this is new: an amateur Ukrainian scuba diver named Volodymyr Z blew it all up. He has vanished, so no questions. Seymour Hersh is right. He always is. For some 60 years now. He likes that reputation. He wants to die an honest man.

Zelensky Gave Initial Order For Nord Stream Attack – WSJ (RT)

Vladimir Zelensky approved a Ukrainian plan to sabotage the Nord Stream 1 and 2 pipelines, before trying to call off the operation under US pressure, but it was too late to do so, the Wall Street Journal has reported, citing people allegedly involved in the plot. The energy infrastructure, built to deliver Russian gas to Germany and the rest of Europe, was ruptured by blasts under the Baltic Sea in September 2022. Early the following year, Pulitzer Prize-winning journalist Seymour Hersh reported that explosives were planted on the Nord Stream pipelines by US Navy divers under the cover of a NATO exercise, and detonated on orders from US President Joe Biden. Top officials in Moscow, including President Vladimir Putin, have also pointed the finger at Washington, arguing that it stood to gain the most from the disruption of Russian gas supplies to the EU.

In its article on Wednesday, the WSJ pointed to another version of events, according to which the pipelines were targeted by the Ukrainians. It was first reported by the Western media shortly after the publication of Hersh’s article. According to the outlet’s sources, the idea of blowing up Nord Stream was conceived by “a handful of senior Ukrainian military officers and businessmen” as they gathered for drinks in May 2022, a few months after the outbreak of the conflict between Moscow and Kiev. The plotters believed that it would reduce Russia’s energy revenues and make the EU less dependent on Moscow. According to the report, the Ukrainian operation involved a small rented yacht, called Andromeda, with a six-member crew, including trained civilian divers, and cost only around $300,000.

Vladimir Zelensky initially approved the attack on the pipelines, but later – when the CIA learned of the plan and asked the Ukrainian leader to abort it – ordered the operation to be called off, a Ukrainian officer who claimed to have been involved in the sabotage and three other informed people said. However, then Ukrainian commander-in-chief Valery Zaluzhny ignored the demand and went ahead with the attack, the sources alleged. He told Zelensky that, once dispatched, a sabotage team goes incommunicado and cannot be withdrawn, they added. When approached for comment by the WSJ, Zaluzhny, who is now Ukraine’s ambassador to the UK, denied the report, calling claims of his – or Kiev’s – involvement in the destruction of Nord Stream a “mere provocation.”

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And they prepare the new story well.. Germany’s involved, and Poland..

Russians Volunteer in Droves as US Tries to Divert Nord Stream Blame (Miles)

Support among Russians for the special military operation is at a high as Western governments scramble to cover up the United States’ increasingly sloppy crimes. Two decades from the outset of the United States’ war in Iraq a 2023 opinion survey found 61% of Americans disagree with the decision to launch the ill-fated invasion. The finding is the culmination of years of soul searching on the part of the American public, which has grown increasingly wary of US military intervention in recent years. A large majority of Russian citizens, on the other hand, have indicated they approve of the country’s special military operation against Ukraine with healthy military recruitment figures serving as the latest evidence the citizenry is united behind President and Commander-in-Chief Vladimir Putin. International relations and security analyst Mark Sleboda joined Sputnik’s The Final Countdown program Wednesday to discuss the latest developments in the Western proxy war on Russia as well as the curious case of the Nord Stream pipeline explosion as the German government claims to have found a suspect for the crime.

“The German news that broke is pretty interesting,” said Sleboda, referring to the German government’s release of the name of a supposed suspect behind the presumed sabotage of the Russo-German Nord Stream Pipeline in 2022. “This Volodymyr Z – according to German privacy laws, the full name is not released… this is the absolutely complete bull feces, cockamamie cover-up story that the United States and Germany have centered on.”“They can’t admit that the United States blew up the Nord Stream pipelines, because that would mean the end of NATO,” the analyst added. “It would be a member of NATO attacking a member of NATO. They can’t admit that. So they came up with this.” In a case of reality sometimes proving to be stranger than fiction, the German government has claimed an amateur Ukrainian scuba diver by the name of “Volodymyr Z” is responsible for the explosion that blew up the Nord Stream 2 pipeline that formerly transported cheap natural gas from Russia to Europe.

But critics claim the “discovery” of the alleged culprit, whose last name is purportedly “Zhuravlev,” is itself another fiction of Western intelligence agencies, which insist on offering an alternative explanation for the environmental disaster which is widely presumed to be the work of the United States. “It [was] a methane release,” Sleboda noted. “And methane is a greenhouse gas some 28 times more potent than carbon. So, yes, it is also the largest man-made release of carbon environmental catastrophe [of] that scale. But these things go by the wayside when geopolitics is concerned.” “As far as I’m concerned the Seymour Hersh version of events is probably very close to the actual story,” he added, referring to the investigative journalist’s analysis of the incident.

“To believe that a group of rando Ukrainians on a rent-a-day little pleasure dinghy out of Poland managed to lay serious military explosives at the bottom of the Baltic Sea, a NATO lake just off an island in Denmark that NATO routinely does military exercises [in] – in fact amazingly enough, just a week earlier, there [were] US ships involved in military exercises, military ships that may very well have actually been involved in leaving some explosives on the bottom of the Baltic Sea – I mean, this story is so ridiculous and, conveniently enough, their mysterious Volodymyr Z just disappeared.” Western governments’ refusal to implicate the United States in the incident and reluctance to investigate the matter has further damaged support for the Ukraine proxy war as European leaders fear former President Donald Trump would end US support for the conflict if reelected in November.

Meanwhile, Russian citizens remain united behind Moscow’s war effort, with Ukraine’s attempt to mount an incursion onto the Kursk region of Russia only heightening Russians’ patriotic fervor. “It’s just further cementing support for the [special military operation],” noted Slebeda. “By all domestic accounts the number of young men signing up as volunteer contract soldiers for the SMO – which was already around 1,000 a day, at least at the last word by the minister of defense – has jumped again because people feel that Russia has been attacked and Russia has been insulted.” “The statements in the press make it quite clear that the US and Europe were at some level completely behind this. So that increases Russian society’s anger and desire for getting some payback.”

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BS. The Polish may have helped the Americans, but that’s not this story.

Poland Probably Involved In Nord Stream Blasts – ex-German Spymaster (RT)

Poland was likely involved in the underwater explosions that ruptured the Nord Stream underwater gas pipelines in the Baltic Sea in September 2022, the former president of Germany’s foreign intelligence agency has claimed. August Hanning also alleged that Warsaw has intentionally obstructed Berlin’s investigation into the incident. No one has so far claimed responsibility for the blasts, which brought an end to the supply of Russian gas to Germany via Nord Stream 1 and damaged the parallel Nord Stream 2 pipeline, which had never entered operation due to EU bureaucratic setbacks. In an interview with Die Welt on Thursday, Hanning said: “The way it seems is that it was a Ukrainian team that, as per the findings of the investigation, operated there.” However, he added, “this was of course only possible with support from the land.”

“When we look at the map… pretty evidently, the Polish agencies were engaged here, and I think not only agencies …I think that this was an arrangement between [people] at the top level in Ukraine and in Poland,” the former intelligence chief conjectured. He alleged that Warsaw might have provided logistical support to the suspected Ukrainian saboteurs. According to Hanning, “these are decisions that were made at the highest political level. And I think that there was an arrangement between [Ukrainian] President [Vladimir] Zelensky and [Polish] President [Andrzej] Duda to carry out this attack. ”He claimed that Polish authorities let one of the suspects leave the country even though Germany had already reached out to Warsaw, requesting assistance in his capture. Warsaw “didn’t exactly promote the probe. On the contrary, crucial findings were withheld, as I have heard from investigative circles,” Hanning told Die Welt.

“In short, Poland had no interest in the success of the investigation, and this is of course due to [the fact] that Poland was massively involved in the preparation of this attack,” the former senior intelligence official claimed. He concluded that such attacks do not happen without massive state involvement, going so far as to allege that the “Polish and… the Ukrainian military played a big role, and intelligence services as well.”

On Wednesday, German state broadcaster ARD, along with the Suddeutsche Zeitung and Die Zeit newspapers reported that Poland, despite EU inter-state regulations, has failed to respond to Berlin’s request for cooperation after Federal Public Prosecutor Jens Rommel in June issued an arrest warrant for a Ukrainian national identified as “Vladimir Z”. The suspect is reportedly a diving instructor who lived in Poland and had allegedly placed the explosive devices on the pipeline.Polish prosecutors confirmed that they had received the arrest warrant, but argued that the man was not detained as he had left the country by crossing the Polish-Ukrainian border, Reuters cited. Kiev officials have publicly denied any involvement in the destruction of the pipelines.

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Good cop bad cop. Instill doubt. Keep ’em guessing.

Zelensky Aide Denies Kiev’s Involvement In Nord Stream Attack (RT)

Kiev had nothing to do with the explosions on the Nord Stream 1 and 2 pipelines, Mikhail Podoliak, a top adviser to Ukrainian leader, Vladimir Zelensky, has said. Podoliak made the statement to Reuters on Thursday in response to a report by the Wall Street Journal, claiming that Zelensky authorized the September 2022 attack which ruptured the key energy infrastructure built to deliver Russian gas to Germany and the rest of Europe. According to the US outlet’s sources, which included officers allegedly involved in the operation, Zelensky initially approved the attack on Nord Stream. He later tried to call it off under pressure from the CIA, but then Ukrainian commander-in-chief Valery Zaluzhny told him it could not be done as the sabotage group had already been dispatched and there was no way to contact it. “Such an act can only be carried out with extensive technical and financial resources… and who possessed all this at the time of the bombing? Only Russia,” Podoliak told the agency.

Russia has ridiculed claims that it would destroy its own pipelines, which provided it with steady revenue. Top officials in Moscow, including Russian President Vladimir Putin, have previously pointed the finger at Washington, arguing that it stood to gain the most from the disruption of Russian gas supplies to the EU. “Ukraine has nothing to do with the Nord Stream explosions,” Podolyak insisted, adding that Kiev did not gain any strategic or tactical advantage from the sabotage. The report by the WSJ claimed that “a handful of senior Ukrainian military officers and businessmen” came up with the idea of blowing up the pipelines during a drinking party in May 2022, a few months after the outbreak of the conflict between Moscow and Kiev. The plotters believed that it would reduce Russia’s energy profits and make the EU less dependent on Moscow, it said.

Zaluzhny, who is now Ukraine’s ambassador to the United Kingdom, told the outlet that claims of his – or Kiev’s – involvement in the destruction of Nord Stream were a “mere provocation.” A senior official in the Security Service of Ukraine, the SBU, also denied the report, insisting that Zelensky in particular “did not approve the implementation of any such actions on the territory of third countries and did not issue relevant orders.” The WSJ said its reporting is partially corroborated by the findings of the German police investigation into the Nord Stream explosions. The German Federal Public Prosecutor issued a first arrest warrant in connection with the sabotage this week, according to local reports. The suspect is believed to be a Ukrainian citizen identified as ‘Vladimir Z’. The newspaper suggested that the police investigation could “upend” relations between Kiev and Berlin, which has been Ukraine’s biggest backer in the EU amid the conflict with Russia.

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No doubt. Kiev wouldn’t move without NATO.

Zelensky Aide Admits Kursk Incursion Was Discussed With Western Backers (RT)

Kiev discussed its plan to launch a cross-border attack into Russia with its Western backers, a top adviser to Ukrainian leader Vladimir Zelensky has admitted. Western officials have said they supported last week’s incursion into Kursk Region, but have denied any prior knowledge of the operation. However, Zelensky aide Mikhail Podoliak has told The Independent that these disclaimers were not accurate, the British online newspaper reported on Thursday. ”There are certain things that have to be done with the element of surprise, and that have to happen on a local level,” he was quoted as saying. “But there were discussions between partner forces, just not on the public level.”

The Ukrainian official reiterated the explanations of the motives behind the operation that he previously offered on national television, stating that Kiev’s objective is to use military “coercion” against the Russian public. ”When the war proceeds into the territory of Russia, they are certainly scared. They are shocked. This has a significant impact on the psychological state of Russia,” he said. Russian officials have said that by attacking civilians in Kursk Region Kiev had killed any chance for peace talks – an objective that their Ukrainian counterparts claim the incursion brings closer. Podoliak urged the British government to permit Kiev to strike Russian territory with the long-range Storm Shadow missiles London has donated. If such attacks happen, “Russia would understand the cost of war is too high,” he told The Independent.

According to British media, London allows Ukrainian troops to use any of weapons it sends to them on Russian soil, with the exception of the cruise missiles, which the UK manufactures jointly with France. Moscow has warned that if any Western weapons are used for strikes deep inside Russia, it would share similar capabilities with parties elsewhere in the world that would use them against Western military assets. Moscow considers Kiev’s military tactics in Russia to be “terrorist.” Western nations arming Kiev share responsibility for atrocities committed by Ukrainian troops, officials have said.

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They set the whole thing up.

US Lying About Involvement In Kursk Attack – Patrushev (RT)

Kiev would never dare to stage a large-scale incursion into Russian territory without Washington’s blessing and NATO support, former Russian Security Council Secretary Nikolai Patrushev said. Last week, Kiev launched its largest attack on Russian territory since the outbreak of conflict in February 2022. Western officials have voiced their support for the incursion into Kursk Region but denied any prior knowledge or involvement in the operation. ”The US leadership’s claims of non-involvement in Kiev’s actions in Kursk Region do not correspond to reality… Without their participation and direct support, Kiev would not have ventured into Russian territory,” Patrushev told Izvestia in an interview published on Friday.

The adviser to President Vladimir Putin, who has recently been appointed to oversee Russia’s global maritime strategy, emphasized that the “West put the criminal junta at the head of Ukraine,” while “NATO countries have supplied Kiev with weapons, military instructors, and continuous intelligence while controlling the actions of neo-Nazis.” The operation in Kursk Region was also planned with the involvement of NATO and Western special services. The advance of Kiev’s troops was swiftly halted by Russian forces, although they maintain control over several settlements in Kursk Region. According to the local governor, at least 12 civilians have been killed and another 121 wounded due to the incursion, forcing more than 120,000 residents to evacuate.

”This criminal action stems from the premonition of the imminent collapse of the neo-Nazi Kiev regime,” Patrushev said, adding that “the residents of Ukraine are suffering for the sake of American interests, as the US has turned the country into a military anti-Russian project.” Russian officials have stated that by attacking civilians in Kursk Region, Kiev has eliminated any chance for peace talks—an objective that Ukrainian officials claim the incursion brings closer. Moscow characterizes Kiev’s military tactics in Russia as “terrorist,” while Western nations arming Kiev share responsibility for atrocities committed by Ukrainian troops, officials have asserted. ”Washington’s efforts have created all the prerequisites for Ukraine to lose its sovereignty and part of its territories, including those coveted by some American allies,” Patrushev added.

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“Russia has been demonized to the point where Donald Trump has been blamed on the Russians – think what you will of that..”

Zombie Russiagate Conspiracy Persists as US Stokes Fear, Hatred of Moscow (Sp.)

“Russiagate continues to survive like a science fiction monster, resilient to bullets,” writes former CIA analyst Ray McGovern in a piece on the website Consortium News, noting the longevity and usefulness of the conspiracy in continuing to stoke hostility towards Moscow among the American public. The notion that Russia interfered in the 2016 US presidential election or played a role in hacking leaked Democratic Party emails has persisted even after sworn testimony from the cyber security firm CrowdStrike confirmed the lack of evidence for the claim. “The mainstream media has been incredibly adept at suppressing all this stuff,” McGovern noted on Sputnik’s The Critical Hour program Wednesday. “No matter what we write in Consortium News or other outlets – it’s on antiwar.com now, too – or however much you and I share this information, we’re fighting an uphill battle.”

“Why is this important? Just to remind folks who might not reflect on this, Russia has been demonized to the point where Donald Trump has been blamed on the Russians – think what you will of that,” he continued. “And all kinds of other things have been blamed on the Russians to the point where if these not very emotionally stable people in the White House decide to go after the Russians in Ukraine or even get involved against the Russians in Syria or elsewhere in the Middle East, most of the American people say, ‘oh yeah, those damn Russians, didn’t they give us Donald Trump?’” The ingrained hostility towards Russia from the American public – and from Democratic Party supporters, in particular – has served as a useful tool in justifying continued US involvement in Ukraine’s proxy war against the country.

Former CIA head James Clapper, who presided over the agency’s illegal surveillance of the Donald Trump campaign during the 2016 election, has been instrumental in perpetuating the narrative. Clapper has made his distrust of Moscow clear, appearing to suggest nefarious qualities are somehow hardcoded into the DNA of Russian people. “[Clapper claimed] the historical practices of the Russians [make them] almost genetically driven to co-opt, penetrate, gain favor, whatever, which is a typical Russian technique,” McGovern recalled, calling him a “Russophobe extraordinaire.” A gene for dishonesty has yet to be found. But if one exists, Pompeo’s comment suggests it is most likely to predominate among CIA officials like Clapper, who have been responsible for the overthrow of dozens of world leaders and the deaths of millions of civilians.

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Oh sure. She’ll go MAGA.

Harris Seeks to Distance Herself From Biden’s Unpopularity on Economy (Sp.)

US Vice President and Democratic presidential candidate Kamala Harris plans to distance herself from incumbent White House occupant Joe Biden’s unpopularity on the economy and other issues, Axios reported on Wednesday. While Harris does not intend to disclose this plan publicly, she wants to break with Biden on economic issues and, first of all, on rising prices, the report said, citing the vice president’s advisers. This is part of a “highly choreographed” effort aimed at portraying Harris as a different kind of Democrat, according to the report. Harris plans to share with voters how she would govern if she wins the November election during her first policy speech in North Carolina on Friday and in the address at the Democratic National Convention in Chicago next week, the report said. In North Carolina, she is expected to share her plans to lower costs of health care, housing and food for the middle class.

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Price gouging may have been an issue 100 years ago. Not today, not for consumer goods. For a company like Google, perhaps.

“..average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being “greedy,” they’re doing it all wrong…”

Kamala’s First Economic Plan Proposes Price Controls To “Combat Inflation” (ZH)

After the unoriginal Vice President Kamala Harris stole former President Trump’s proposed ‘no tax on tips’ policy, she’s at it again with yet another recycled idea. This time, she’s echoing President Biden’s actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on “corporate price-gouging in the food and grocery industries”—a move that reeks of socialism. “There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign wrote in a statement, adding, “Americans can see that difference in their grocery bills.” The Harris campaign said the vice president will unveil the new federal proposed ban on Friday at a campaign rally in the battleground state of North Carolina as part of a broader economic policy platform. The proposal will ensure food companies can’t exploit consumers to increase profits, according to CBS News, citing Harris-Walz campaign officials.

Harris’ policy speech will also call on the Federal Trade Commission and state attorneys to examine corporations violating price-fixing rules. Her remarks are expected to echo Biden’s actions and rhetoric, especially with his war against meat processing companies that he alleges are responsible for higher burger prices at the supermarket. VP Harris’ campaign argues that lowering Americans’ costs is a function of socialist-style price controls. Yet this is the quickest way to understand that Harris’ economic team has no actual understanding of inflation. Heritage Foundation’s EJ Antoni explained, “Here’s your “price gouging” narrative: average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being “greedy,” they’re doing it all wrong…”

Instead of curbing out-of-control government spending, which debt rises $1 trillion every 100 days, and understanding that monetary inflation driven by the Federal Reserve’s money creation is the root cause of inflation, Harris deflects the actual problem: The Fed. She instead goes after big corporations for ‘illegal price gouging.’ Here’s a snippet of Money Metals Midweek Memo’s Mike Maharrey commenting on Harris’ proposed price-fixing ban on big food companies: The second “dumb” idea Maharrey discussed came from Vice President Kamala Harris, who was recently asked about her plan to combat inflation. Maharrey criticized her response, which he described as “word salad,” pointing out that she merely acknowledged the problem without offering any concrete solutions. Instead, she promised to take on “big corporations” engaging in “illegal price gouging,” corporate landlords, and big pharma.

Maharrey argued that Harris’s approach misses the root cause of inflation, which is monetary inflation driven by the Federal Reserve’s money creation. He cited the July budget deficit data, revealing that the Biden administration spent another $574 billion in just one month, running a $243 billion deficit. Maharrey emphasized that inflation is not caused by corporate greed but by the government’s excessive spending and borrowing. “Price inflation is a symptom of monetary inflation, which has everything to do with money creation by the Federal Reserve,” Maharrey explained. He warned that Harris’s proposed policies, including price controls, would likely lead to shortages and exacerbate the problem rather than solve it.

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“She’s been taking her message to the voters and drawing large crowds. So she’s actually having those direct conversations..”

“Would It Kill You Guys?” (ZH)

The Harris campaign’s ‘hide Kamala’ strategy may be working from a polling perspective – but it’s gone on so long that even CNN is getting annoyed. “Would it kill you guys to have a press conference?” asked the network’s Jim Acosta (of ‘shouting at Trump’ fame) during an interview with Harris communications director Michael Tyler. “I’m sure this is not going to be the first time you’ve heard this question, but the Trump campaign is also going after the vice president for not doing enough interviews, for not holding a press conference. Would it kill you guys to have a press conference? Why hasn’t she had a press conference?” To which Tyler laughed sheepishly and pivoted to robotic talking points about Harris and running mate Tim Walz being “busy” traveling around the country to multiple (teleprompter) campaign rallies.

“Michael, you know a campaign really isn’t really a press conference,” Acosta pushed back. “Why hasn’t she had a press conference? She’s the vice president, she can handle the questions, why not do it?” Tyler said Harris will sit down for a one-on-one interview before the end of the month, which Acosta said was “not a lot,” adding “can you commit to a press conference by the end of the month?” Tyler once again deflected – saying “We will commit to directly engage with the voters who are actually going to decide this election, and that is going to be complete with rallies, with sit-down interviews, with press conferences, with all the digital assets that we have at our disposal.”

CNN’s John Berman also pressed a Harris campaign spox over the VP’s lack of media presence. “The reason I was asking you about today is because it seems like she has time if she wanted to do an interview with a member of the media or do a news conference, correct? There does appear to be that time, if she wanted,” said Berman – to which Harris campaign spokeswoman Adrienne Elrod repeated Tyler’s talking point that Harris and Walz are bringing their message directly to voters. “She hit a number of battleground states. I think we had 15,000 people in Detroit last week, 12 to 13,000 in Nevada. She’s been taking her message to the voters and drawing large crowds. So she’s actually having those direct conversations,” said Elrod – before Berman cut her off. “But not today — all I’m saying is not today. She could do an interview today, I would think, you know, because she’s not out there today,” said the CNN host. Meanwhile, Trump did a lengthy press conference at Mar-a-Lago last week and had a 2 hour conversation with Elon Musk – something Harris clearly couldn’t pull off because her biggest liability, like Biden, is her brain.

Read more …

How do you avoid Walz’s (non-) service?

Vance and Walz Agree to Oct. 1 Debate (ET)

A much-anticipated debate between Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz appears to be on as both vice presidential candidates have agreed to CBS’s proposal for an Oct. 1 face-off. The network issued a statement Wednesday indicating that it had invited both vice-presidential candidates to take part in a debate in New York City, presenting both campaigns with four dates as options: Sept. 17, Sept. 24, Oct. 1, and Oct. 8. Walz, who remains the presumptive Democratic Party nominee until the Democratic National Convention later this month, accepted the invitation in a message on X, writing: “See you on October 1, JD.” Vance, who initially told Fox News that he would most likely agree but that his team needed time to review the rules and conditions of the debate, agreed to the Oct. 1 debate and upped the ante by agreeing to another debate proposed by CNN.

“The American people deserve as many debates as possible, which is why President Trump has challenged Kamala to three of them already. Not only do I accept the CBS debate on October 1st, I accept the CNN debate on September 18th as well. I look forward to seeing you at both!” Vance wrote in a post on X. At the time of reporting, it was unclear whether Walz had agreed to the Sept. 18 debate proposed by CNN. Vance told Fox News on Wednesday after being asked whether he would agree to the Oct. 1 debate on CBS that he would most likely be there but that his campaign needed to review the conditions. “I strongly suspect we’re going to be there on October the 1st,” Vance said, but added the condition that “we’re not going to do one of these fake debates where they don’t actually have an audience there, where they don’t actually set the parameters in a way where we can have a good exchange of ideas.

“We’re going to do a real debate, and if CBS agrees to it, then certainly we’ll do it,” Vance said. The Ohio Republican drew a contrast between the large volume of media interviews that the Trump–Vance campaign has been giving compared to the Harris–Waltz campaign, adding that he wants to debate Walz several times because “it’s important for the American people to actually see us discuss our views.” Vance has criticized Vice President Kamala Harris for her lack of media availability since she became the Democratic Party’s presidential nominee. “I enjoyed sitting down with three of the major networks today to answer the tough questions any leader should answer,” Vance said in an Aug. 11 post on X, after giving three separate interviews on Sunday morning shows.

Harris has largely avoided answering questions from the press since replacing President Joe Biden as the Democratic Party’s presidential nominee, drawing criticism from conservatives and journalists alike. Previously, Vance said that he wouldn’t commit to a debate until Walz was officially named the vice presidential nominee, which is expected to take place at the Democratic National Convention in Chicago, scheduled for Aug. 19–22. Historically, both of the major party presidential and vice presidential nominees have participated in debates. So far, Trump and Harris have agreed to one debate, which is to be hosted by ABC on Sept. 10. There has been speculation that other Trump–Harris debates could take place, though nothing has been formalized.

Walz

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“..Dwight Eisenhower noted, “If in ten years, all American troops stationed in Europe for national defense purposes have not been returned to the United States, then this whole project will have failed.”

It’s Time For America To Rethink Its Relationship With NATO (Bridge)

For over a century, the United States has had one overarching goal in Europe: ensuring that the continent’s economic and military power was divided among various states by preventing the rise of a European superstate that could usurp that power for itself. Now that that goal has been achieved, will Washington admit it’s time to Europeanize NATO? In the latest issue of Foreign Affairs, the influential voice of the U.S. establishment, Justin Logan and Joshua Shifrinson fire a shot across the bows of Brussels when they repeat the Trump mantra that “it’s time for Washington to Europeanize NATO and give up responsibility for the continent’s security.” “The United States should recognize that it has achieved its main goal in Europe,” Logan and Shifrinson write. “Having successfully ensured that no country can dominate the continent, it should embrace a new approach to the region.

Under a revised strategy, the United States would reduce its military presence on the continent, Europeanize NATO, and hand principal responsibility for European security back to its rightful owners: the Europeans.” As half of the U.S. electorate hopes to ‘make America great again’ with the populist Trump, that opinion is quickly going mainstream. As the soaring U.S. national debt and a souring economy become political hot-button issues in a critical election year, many Americans have come to the conclusion that Uncle Sam has been playing beat cop in Europe for far too long. In the aftermath of the Cold War, European nations made severe cuts to their military expenditures while Washington remained content to pick up the expensive slack. But as the U.S. defense budget nears $1 trillion per year, and millions of invading illegals pouring across the border from Latin America, it is becoming simply unaffordable for the U.S. taxpayer to subsidize the security of Europe any longer.

After all, Europe is quite capable of handling the task. The war in Ukraine is case in point. It boggles the mind that the 27 member states of the European Union, comprised of nearly half a billion people, should require a single American-made rifle in this regional conflict. After all, Europe is comprised of many strong and productive nations with respectable industrial centers. There is no reason why Europeans, who have been scheming about the creation of an ‘EU Army’ since the days of de Gaulle, cannot find the ways and means to handle the conflict for themselves (by comparison, Russia currently produces more than twice the number of artillery shells each month than Europe and the U.S. combined). The primary reason that Brussels has dropped the ball in Ukraine is because they have become spoiled by American largesse and have lost both the ability and the will to look after their own interests. America has been asked once again to fill the void at grave expense to its own national interests.

As JD Vance, the Republican Party’s nominee for the vice presidency, wrote in the pages of the Financial Times, “We owe it to our European partners to be honest: Americans want allies in Europe, not client states, and our generosity in Ukraine is coming to an end. Europeans should regard the conclusion of the war there as an imperative. They must keep rebuilding their industrial and military capabilities.”It’s important to keep in mind that NATO was never planned as a permanent fixture on the European continent. As Logan and Shifrinson emphasize, the Western military bloc was “expedient to protect Western European states as they recovered from World War II, facilitate Western European efforts to balance Soviet power, and integrate West Germany into a counter-Soviet coalition that would also help civilize German power.”

And as Russia has been at great pains to remind its Western colleagues, U.S. Secretary of State James Baker famously gave Soviet leader Mikhail Gorbachev the assurance on February 9, 1990 that the fledgling military bloc would not shift “one inch eastward.” And as far back as 1951, the supreme Allied commander in Europe, Dwight Eisenhower noted, “If in ten years, all American troops stationed in Europe for national defense purposes have not been returned to the United States, then this whole project will have failed.” Eisenhower would be shocked to see the level of American influence in Europe today. Obviously, the situation today bears no resemblance to the state of affairs fifty years ago. NATO has exploded into a 32-member fighting force, while former apprehensions of a resurgent Germany have given way to questions about Berlin’s role in the European hierarchy.

European countries and the United States no longer feel threatened by an ‘imperial Germany,’ yet there are powerful forces inside of the United States that will never cede Washington’s control over Brussels, and that largely explains the tremendous hostility that Trump faces as he makes another effort for the White House. The hawks have great disdain for this man who has shown a penchant for avoiding military conflict while threatening to leave NATO.

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“..censorship by surrogate” through which agencies did indirectly what they are barred from doing directly under the First Amendment..”

Want More Freedom of Speech? Try Less Government (Turley)

It is time to get the United States out of the censorship business for good. In the last three years, the House of Representatives has disclosed a massive censorship system run in part with federal funding and with coordination with federal officials. A federal court described this system as truly “Orwellian.” The Biden Administration has made speech regulation a priority in targeting disinformation, misinformation or malinformation. President Joe Biden even said that companies refusing to censor citizens were “killing people.” His administration has now created an anti-free speech record that is only rivaled by the Adams Administration, which used the Alien and Sedition Acts to arrest political opponents. Jen Easterly, who heads the Cybersecurity and Infrastructure Security Agency, is an example of how speech controls and censorship have become mainstream.

Her agency was created to work on our critical infrastructure, but Easterly declared that the mandate would now include policing “our cognitive infrastructure.” That includes combating “malinformation,” or information “based on fact, but used out of context to mislead, harm, or manipulate.” I have testified for years about the censorship system. For much of that time, Democrats insisted that there was no proof of any coordination or funding from the government. Such evidence did indeed exist, but Democrats worked to block any investigation to confirm what we already knew about government officials targeting individuals and groups for throttling, bans, and blacklisting. Then Elon Musk bought Twitter. The release of the Twitter Files destroyed any plausible deniability of the government’s role in this censorship system. Various agencies had employees working with social media companies to target those with opposing or disfavored views. At the same time, we learned of grants from the federal government supporting blacklisting and targeting operations.

That includes efforts to quietly choke off the revenue of disfavored sites by pressuring advertisers and donors. While companies like Facebook have continued to fight to conceal their coordination with the government, the Twitter Files pulled back the curtain to expose the system. Indeed, Democrats largely abandoned their denials and turned to full-throated defenses of censorship, even calling free speech advocates “Putin-lovers” and “insurrectionist sympathizers.” In 1800, Thomas Jefferson defeated John Adams in the only election where free speech was a primary issue for voters. It should be again. Vice President Kamala Harris is known as a supporter for these censorship and blacklisting operations. She can now defend that record and convince Americans that they need to have less free speech. This debate should ideally focus on one simple legislative proposal. In my new book, I suggest various measures that can regain the ground that we have lost on free speech.

One such measure is a federal law that would ban any federal funding of any offices or programs (government, academic, or corporate) that rate, target, censor, throttle, or seek to take adverse action against individuals or groups based on their viewpoints in public forums or social media. There can be easy exceptions to this ban for individuals or groups engaging in criminal conduct or unlawful foreign interference with elections. Threatening individuals or trafficking in child pornography constitute conduct, not speech. They are criminal acts under the federal code. Nothing in this law would prevent the government from speaking in its own voice. If Secretary of Homeland Security Alejandro Mayorkas wants to challenge claims made about him or his agency, he can do so on the agency website or make his case to the media. That is the essence of free speech. What he cannot do is create a Disinformation Governance Board to regulate the speech of citizens or groups.

In my prior testimony to Congress, I warned about the use of what I called “censorship by surrogate” through which agencies did indirectly what they are barred from doing directly under the First Amendment. This new law will not put an end to the burgeoning anti-free speech movement. It will not end the new market for groups making millions in seeking to silence or strangle sites with opposing views. However, it will create a wall of separation of the government from censorship systems. It would also offer a simple and clear line for the 2024 election. Candidates will have to take sides on free speech. If candidates like Harris want to continue to support the government in blacklisting or censoring citizens, they should own it. We spent years of politicians engaging in cynical denials of the government’s role in censorship. If these politicians are “all in” with censorship, then they should be honest about it and let voters make the same choice that was made in 1800.

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“I love New Zealand. I’m not leaving.”

Kim Dotcom Defiant After NZ Approves Extradition For US Trial (ZH)

Internet mogul Kim Dotcom says he’s not going anywhere after New Zealand’s justice minister said on Thursday that he will be extradited to the Untied States on charges related to his defunct file-sharing website Megaupload. Justice Minister Paul Goldsmith announced that he had signed an extradition order for Dotcom, saying in a statement: “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial,” adding “As is common practice, I have allowed Mr Dotcom a short period of time to consider and take advice on my decision.” The extradition order comes 12 years after an FBI-ordered raid on his Auckland mansion. In 2017, the high court in New Zealand first approved his extradition – with an appeal court reaffirming the finding in 2018. In 2020, the country’s supreme court again affirmed the finding, however they also left the door open for further judicial review.

Dotcom responded to the decision, posting on Tuesday that “the obedient US colony in the South Pacific just decided to extradite me for what users uploaded to Megaupload.” He later said: “I love New Zealand. I’m not leaving.” According to US authorities, Dotcom and three other Megaupload executives cost film studios over US$500 million by encouraging people to store and share copyrighted material – generating over US$175 million for his website. He also faces charges of money laundering and racketeering. The internet mogul says he should not be held personally liable for copyright infringement carried out on his site. “New Zealand copyright law (92b) makes it clear that an ISP can’t be criminally liable for actions of their users,” Dotcom noted in 2017 following the high court’s decision. “Unless you’re Kim Dotcom?”

Megaupload was based in Hong Kong until 2012, when the US seized the domain and shuttered the site. It relaunched in 2013 as Mega, with a New Zealand domain name, however Dotcom has had no involvement in the company since at least 2015. The company’s chief marketing officer, Finn Batato, and chief technical officer and co-founder, Mathias Ortmann, both from Germany, along with a third executive, the Dutch national Bram van der Kolk, were arrested in Auckland with Dotcom in 2012, according to The Guardian. Ortmann and Van der Kolk were sentenced to jail terms in 2023 under plea deals that avoided extradition, while Batato died in 2022 in New Zealand.

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“..the CIA is concerned that Trump did not initially take the RFK JR bait, and now they are going to run a public campaign to position their operative. I’ll say it again, Robert F Kennedy Jr is an intelligence asset.”

RFK Jr Tried To Meet With Trump, Harris In Pursuit Of Cabinet Position (ZH)

Independent 2024 presidential candidate Robert F. Kennedy Jr tried to land a meeting with Vice President Kamala Harris last week, in hopes of trading an endorsement for a top job in her administration, the Washington Post and other outlets reported Wednesday evening. So far, Team Harris has ignored RFK Jr’s pitch. “We’ve reached out repeatedly through the highest level intermediaries. We’ve been told that they have no interest in talking with me,” Kennedy told the New York Times. Separately, Kennedy expressed disappointment to the Post. “I think it is a strategic mistake for them. That’s my perspective,” Kennedy said. “I think they ought to be looking at every opportunity. I think it is going to be a very close race.” In July, Kennedy described Harris as “monumentally unpopular with her own party,” and condemned her tenure as attorney general in California, saying she worked to keep nonviolent criminals in jail in a “modern version of slavery” and thus “has one of the worst civil rights records of any public official.”

He also condemned her for being “a war hawk on Ukraine…a war hawk on China.” Kennedy’s poll numbers have sagged since the Democrats pressured President Biden into calling off his re-election campaign — which means his potential endorsement has also lost some zing. The Post says its averaging of polls in July had Kennedy backed by about 9% of voters. With Biden out and Harris in, his support has faded to around 5%. What’s more, some polls suggest that Kennedy’s presence on ballots is a net benefit to Harris. While Harris ignored the invitation, Kennedy did secure a meeting with Donald Trump last month in Milwaukee, and reportedly offered the same deal that he now wants to offer to Harris, with a specific interest in advising Trump on health and medical policy. It appears Kennedy’s top goal is a powerful position in the next administration, with little regard for whose administration it is.

[..] Some are suggesting Kennedy may not be operating in good faith…Like lawyer “sundance” at The Conservative Treehouse:

“It sounds to me like RFK Jr is trying to present a pressure point to entice President Trump to pull him closer. In other words, the CIA is concerned that Trump did not initially take the RFK JR bait, and now they are going to run a public campaign to position their operative. I’ll say it again, Robert F Kennedy Jr is an intelligence asset. Many of the low-information alligator emoji people are falling for it. A few CTH readers are also having a difficult time seeing the IC operation around RFK Jr, particularly because of the CIA involvement in the killing of his family patriarchs before. However, it is that angle of denial the IC is purposefully exploiting. RFK Jr is an intel asset. His people know we know.”

RFK
https://twitter.com/i/status/1823925998582219079

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Stone

 

 

Globefish

 

 

Sea lion
https://twitter.com/i/status/1824058973244330325

 

 

Seal

 

 

Handsome

 

 

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

 

 

 

 

 

Nov 052020
 


Pablo Picasso Bull plates I-XI 1945

 

Trump Goes To Supreme Court, Files Lawsuits To Stop Vote Counting In PA (F.)
Trump Assembling All-star Legal Team To Mount Election Challenges (JTN)
US Inability To Count Votes is a National Disgrace. And Dangerous (Greenwald)
How The GOP Retook House Seats From Democrats (F.)
House Democrats Fall Way Short In Disappointing Night (Hill)
Statehouse Wins Position GOP To Dominate Redistricting (Pol.)
Election Update, 9:50 am Weds Nov 4 (Jim Kunstler)
Michigan Finds 138,339 Ballots, Every Single One Has Biden’s Name on It (RS)
For Stocks, Any Election Outcome is Now the Best Outcome (WS)
ECB May Cut Support For Indebted Countries In Nudge Towards EU Loans (R.)
COVID Testing: We’ve Been Duped (AT)
England Underestimates The Costs Of Lockdown At Its Peril (Jonathan Sumption)
Kim Dotcom Can Be Extradited To US But Can Also Appeal (BBC)
Bayer Takes Over $10 Billion Write-Down Over Monsanto Roundup Weed Killer (RT)

 

 

There is this odd divide between the presidential vote, which Biden may win, and all the other votes, where the GOP candidates are doing much better than expected, and taking back House seats. How is that possible?

 

 

 

 

Happy lawyers.

Trump Goes To Supreme Court, Files Lawsuits To Stop Vote Counting In PA (F.)

The Trump campaign is filing multiple lawsuits in Pennsylvania targeting the state’s rules for election observers and mail-in ballots, as well as intervening in an ongoing U.S. Supreme Court case regarding the state’s mail-in ballot deadline, the campaign said Wednesday, ramping up the GOP’s legal efforts in the battleground state as the race between President Donald Trump and Joe Biden narrows. The Trump campaign said in a statement Wednesday that it is suing Pennsylvania to stop the state from “hiding the ballot counting and processing from our Republican poll observers,” specifically mentioning a policy that requires poll watchers to stand 25 feet from where the counting process is taking place.

The campaign is appealing a case that previously failed in a lower court in Philadelphia to the Pennsylvania Commonwealth Court, which alleged an election observer could not “observe the writing on the outside of the ballots.” The Trump campaign and Republican National Committee sued state and local officials over a practice in which mail-in voters are allowed to provide proof of identification after the ballot deadline if it was initially missing, which Secretary of State Kathy Boockvar recently extended by an additional three days to November 12. Republicans claim allowing voters to provide identification through that date will “create a high risk of jeopardizing the integrity” of the election by delaying election results, and are calling for the court to throw out any ballots where the voter’s identification isn’t received by the original deadline of Nov. 9.

The Trump campaign also filed a motion to intervene in an ongoing U.S. Supreme Court case regarding the state’s mail-in ballot deadline, which allows mail-in ballots to be counted if they’re delivered up to three days after Election Day.The Supreme Court previously declined to overturn the extended deadline before Election Day—in a 4-4 ruling before Justice Amy Coney Barrett joined the court—but several conservative justices said the court could still revisit the ruling and invalidate the deadline, which would result in any late-arriving ballots being rejected.

Trump to win Arizona

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“President Trump’s campaign has not been provided with meaningful access to numerous counting locations to observe the opening of ballots and the counting process.”

“President Trump is committed to ensuring that all legal votes are counted in Michigan and everywhere else.”

Trump Assembling All-star Legal Team To Mount Election Challenges (JTN)

President Trump’s campaign on Wednesday began assembling an all-star legal team to file challenges to election regularities in several battleground states, starting with a Court of Claims lawsuit in Michigan. Among the lawyers the president is activating include his private attorney Jay Sekulow, who will help campaign lawyers with matters before the Supreme Court as well as former New York City Mayor Rudy Giuliani and former Florida Attorney General Pam Bondi, officials said. Sidney Powell, the lawyer for former National Security Adviser Michael Flynn, may also be called upon, officials said. The legal team’s first stop was Michigan, where the campaign filed an action in the Court of Claims seeking to halt vote counting until irregularities are addressed, campaign manager Bill Stepien announced.


“As votes in Michigan continue to be counted, the presidential race in the state remains extremely tight as we always knew it would be. President Trump’s campaign has not been provided with meaningful access to numerous counting locations to observe the opening of ballots and the counting process, as guaranteed by Michigan law,” Stepien said. “We have filed suit today in the Michigan Court of Claims to halt counting until meaningful access has been granted. We also demand to review those ballots which were opened and counted while we did not have meaningful access. President Trump is committed to ensuring that all legal votes are counted in Michigan and everywhere else.”

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“..the monumental failures of the polling industry and the data nerds who leech off it, for the second consecutive national election, only serve to sow even further doubt and confusion..”

US Inability To Count Votes is a National Disgrace. And Dangerous (Greenwald)

Nations far poorer and less technologically advanced have no problem holding quick, efficient elections. Distrust in U.S. outcomes is dangerous but rational. The richest and most powerful country on earth — whether due to ineptitude, choice or some combination of both — has no ability to perform the simple task of counting votes in a minimally efficient or confidence-inspiring manner. As a result, the credibility of the voting process is severely impaired, and any residual authority the U.S. claims to “spread” democracy to lucky recipients of its benevolence around the world is close to obliterated. At 7:30 a.m. ET on Wednesday, the day after the 2020 presidential elections, the results of the presidential race, as well as control of the Senate, are very much in doubt and in chaos.

Watched by rest of the world — deeply affected by who rules the still-imperialist superpower — the U.S. struggles and stumbles and staggers to engage in a simple task mastered by countless other less powerful and poorer countries: counting votes. Some states are not expected to finished their vote-counting until the end of this week or beyond. The same data and polling geniuses who pronounced that Hillary Clinton had a 90% probability or more of winning the 2016 election, and who spent the last three months proclaiming the 2020 election even more of a sure thing for the Democratic presidential candidate, are currently insisting that Biden, despite being behind in numerous key states, is still the favorite by virtue of uncounted ballots in Democrat-heavy counties in the outcome-determinative states.

[One went to sleep last night with the now-notorious New York Times needle of data guru Nate Cohn assuring the country that, with more than 80% of the vote counted in Georgia, Trump had more than an 80% chance to win that state, only to wake up a few hours later with the needle now predicting the opposite outcome; that all happened just a few hours after Cohn assured everyone how much “smarter” his little needle was this time around].

NYT’s predictive needle for Georgia at 8:40 pm ET, Tuesday night.

https://twitter.com/TravisAllen02/status/1323855693359861762

NYT’s predictive needle for Georgia less than four hours later, at 12:12 a.m., early Wednesday morning.


Given the record of failures and humiliations they have quickly compiled, what rational person would trust anything they say at this point? A citizen randomly chosen from the telephone book would be as reliable if not more so for sharing predictions. And the monumental failures of the polling industry and the data nerds who leech off it, for the second consecutive national election, only serve to sow even further doubt and confusion around the electoral process. A completely untrustworthy voting count is now the norm. Two months after the New York state primary in late June, two Congressional races were in doubt by what The New York Times called “major delays in counting a deluge of 400,000 mail-in ballots and other problems.” In particular: Thousands more ballots in the city were discarded by election officials for minor errors, or not even sent to voters until the day before the primary, making it all but impossible for the ballots to be returned in time.

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“..a 2020 election night awash with Democratic disappointment..”

How The GOP Retook House Seats From Democrats (F.)

Republicans wrested at least seven U.S. House seats from Democrats this year, retaking districts the party lost in 2018 and expanding slightly into blue territory, a surprising set of victories that could narrow the House’s thin 14-vote Democratic majority. Republicans have won back six moderate rural and suburban districts that Democrats took from the GOP in 2018 — in New Mexico, South Florida, Oklahoma, South Carolina and Iowa — reversing some of the Democrats’ gains from two years ago.In two of those districts, this year’s races were rematches of 2018, featuring the same candidates but different outcomes: Rep. Donna Shalala (D-Fla.) defeated Republican Maria Elvira Salazar in 2018 but lost to her in 2020, and Rep. Xochitl Torres Small (D-N.M.) lost to Republican Yvette Herrell despite winning against her two years ago.

Republicans also took Minnesota’s rural, conservative-leaning seventh district, ousting moderate 30-year incumbent Rep. Collin Peterson (D) after a tough re-election battle. Meanwhile, Democrats picked up just two seats in North Carolina, defeating Republican nominees in a pair of new urban and suburban districts created after a court-ordered redistricting effort last year. Dozens of House districts remained too close to call Wednesday morning, as officials rush to count mail-in ballots. In particular, Republicans are vying to win back former Republican strongholds like Orange County, Calif. and Staten Island, N.Y.

Democrats flipped dozens of congressional districts from red to blue in 2018, part of a wave election that propelled the party to a House majority. Many of those suburban and rural districts were traditionally conservative but changed hands amid nationwide leftward momentum, making their status as Democratic seats tenuous at best. Still, Democrats hoped to extend those gains in 2020 by flipping several moderate seats, and pre-election polls indicated most voters favored Democrats over Republicans in local House races. But on a 2020 election night awash with Democratic disappointment, the party’s hopes of another Democratic wave in the House quickly faded, and Republicans ended up regaining some ground.

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“The spate of Democratic losses were not limited to any one geographic region.”

House Democrats Fall Way Short In Disappointing Night (Hill)

Speaker Nancy Pelosi (D-Calif.) and her invigorated caucus charged into Tuesday with an energized base, a sharp fundraising advantage and hopes to flip anywhere from five to 15 Republican seats on election night. Instead, it was the Republicans who scored big — at least in the early counting — knocking out at least a half dozen vulnerable Democrats with several more clinging to the ropes. It was a reversal of fortunes for the Democrats, who had led big in the polls and the money race and were betting that President Trump at the top of the ticket would be a drag on GOP lawmakers all the way down the ballot. With gushing optimism, Democrats were expecting Tuesday night would give them a chance to pad their 232-197 majority next year.

“We’re well-positioned to have a good night,” Rep. Cheri Bustos (Ill.), head of the Democrats’ campaign arm, told reporters hours before polls closed Tuesday. As the sun came up Wednesday morning, however, there appeared few bright spots for Bustos’s party. While Democrats will retain their majority, a handful of their front-line members — incumbents facing the toughest races — had been defeated. And after boasting about how they’d expanded the map and were playing “deep into Trump country,” they’d failed to pick off even a single House Republican running for reelection. Democrats did manage to pick up a pair of GOP-held open seats in North Carolina, where redistricting had made the districts much bluer, and a third in Georgia after the retirement of vulnerable GOP Rep. Rob Woodall.

The spate of Democratic losses were not limited to any one geographic region. In rural Minnesota, Rep. Collin Peterson (D), a 15-term veteran and chairman of the Agriculture Committee, was clobbered by the state’s former lieutenant governor, who’d linked Peterson to the liberal Pelosi. In the suburbs of Oklahoma City, Rep. Kendra Horn (D), a first-term moderate, was defeated by Republican Stephanie Bice, a state senator, in one of the country’s most contested races. On New Mexico’s southern border, Rep. Xochitl Torres Small (D), a 36-year-old centrist also in her first term, fell to Yvette Herrell, a former state legislator, in a rematch of 2018. And in South Carolina, first-term Rep. Joe Cunningham (D) was ousted by state Rep. Nancy Mace (R).

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And this is what comes next.

Statehouse Wins Position GOP To Dominate Redistricting (Pol.)

Here’s something else Republicans can be happy about after Tuesday. An abysmal showing by Democrats in state legislative races on Tuesday not only denied them victories in Sun Belt and Rust Belt states that would have positioned them to advance their policy agenda — it also put the party at a disadvantage ahead of the redistricting that will determine the balance of power for the next decade. The results could domino through politics in America, helping the GOP draw favorable congressional and state legislative maps by ensuring Democrats remain the minority party in key state legislatures. Ultimately, it could mean more Republicans in Washington — and in state capitals.

By Wednesday night, Democrats had not flipped a single statehouse chamber in its favor. And it remained completely blocked from the map-making process in several key states — including Texas, North Carolina and Florida, which could have a combined 82 congressional seats by 2022 — where the GOP retained control of the state legislatures. After months of record-breaking fundraising by their candidates and a constellation of outside groups, Democrats fell far short of their goals and failed to build upon their 2018 successes to capture state chambers they had been targeting for years. And they may have President Donald Trump to blame. “It’s clear that Trump isn’t an anchor for the Republican legislative candidates. He’s a buoy,” Christina Polizzi, a spokeswoman for the Democratic Legislative Campaign Committee, said Wednesday.

“He overperformed media expectations, Democratic and Republican expectations, and lifted legislative candidates with him.” Democrats had a disappointing night in congressional and state legislative races across the country, as they realized the suburban revolt against Trump did not extend in 2020. Republicans appear poised to hold on to the Senate, gain seats in the House and pick up a governorship in Montana, defying expectations. But it is the victories they won in state legislatures could be the most consequential of all, giving the GOP outsize influence over the congressional and legislative redistricting process that begins early next year.

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“Let’s not forget the rather reckless remark made by PA Attorney General Josh Shapiro on Halloween night that “if all the votes are added up, Mr. Trump is going to lose.“

Election Update, 9:50 am Weds Nov 4 (Jim Kunstler)

The election has rolled out as expected here – that is, not resolved the morning after, with Antifa and BLM rioters already moiling in the streets of Washington D.C.Portland, Oregon, remains in continual uproar after four months of violence and destruction, and Mayor Ted Wheeler won reelection against “Antifa candidate” Sarah Iannarone. Lucky Portland. Outside the swing states still in play, the margins were strikingly lopsided. Joe Biden’s radiant charisma worked in the usual blue coastal states — Cal 65% to 33%, NY 55% to 33% — but Mr. Trump’s margins were equally lopsided in the flyover red states — OK 65% to 32%, TN 60% to 37%, MO 56% to 41%. Mr. Biden won thumpingly in VA once the Deep State bedroom counties next to DC came in late at night. But the president won convincingly in FLA, OH, and TX.

For now, at 9 a.m. Weds, the race hinges on the usual suspects. Mr. Trump is up a half a percent in Michigan with 91% of votes counted; Mr. Biden is seven-tenths up in Wisconsin, with 95% in… awaiting Green Bay results (delayed, apparently, because a vote-processing machine ran out of ink (!). Similar close margins in NC… not so close in GA, with the president ahead a healthy 2 percent, and finally the dark maw of mischief, PA, where Mr. Trump was up by more than ten full percentage points (@700,000 votes) this morning, but awaiting more than a million mail-in ballots. Let’s not forget the rather reckless remark made by PA Attorney General Josh Shapiro on Halloween night that “if all the votes are added up, Mr. Trump is going to lose.” Sounded pretty sure of himself.

Now, as I understand it, the PA state supreme court ruled recently that counties could continue to process mail-in votes until Friday, and, more importantly, that they did not require postmarks or signature authentication — which would appear an easy invitation to simple ballot fraud. The president vowed late Tuesday night to take a case to the US supreme court where, I expect, that PA ruling will be tossed out as self-evidently unsound. Can the forces of Dem Lawfare work around that? I don’t see how, but I’m not a constitutional lawyer. The Dems have worked hard in recent years to manufacture the inane and false narrative that any kind of voter-ID procedure amounts to “suppression.” America needs to get its mind right about that. Does Lawfare have other tricks up its sleeve? I rather expect so, but the president has had months to plan his own defense against the threat of a Lawfare coup, so now we will see the game play out. Meanwhile, we await mayhem in the streets, condoned and encouraged by Joe Biden’s party, as though that will endear him to nation.

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Standing next to 17,000 simulated ballots
https://twitter.com/HalosRamsFan/status/1324073111969554435

Michigan Finds 138,339 Ballots, Every Single One Has Biden’s Name on It (RS)

Saying that this is an impossible thing wouldn’t be right as statistically, the early vote combined with mail-in voting was always heavily Democrat-leaning. The catch here is that it’s definitely not probable. The idea that not one of them is a Trump vote seems a little off. However, what should really make people suspicious is the fact that not one of these votes leans toward a third-party vote. While people voting for Trump definitely wanted their votes counted by showing up in person, third-party voters didn’t particularly follow the same idea as some of these were leftists as well. Not one vote for the Green Party candidate? Not one for Jo Jorgenson of the Libertarian Party?

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Second hand car salesmen.

For Stocks, Any Election Outcome is Now the Best Outcome (WS)

At first, long ago, the narrative was that a Trump victory would boost stocks. And then when this became more uncertain, the narrative was that a Biden victory would also boost stocks, and that a “Blue Wave” would boost stocks hugely because it would trigger the mother of all stimulus packages, which would spread trillions of dollars directly and indirectly to these companies, which would be good for stocks. And so it was that a victory by either presidential candidate would boost stocks, and that only a disputed election outcome with a long drawn-out legal battle or a split government would derail stocks.

And now, that Trump is already disputing the still unknown election outcome and is threatening a long-drawn-out legal battle if he loses – with Biden leading in electoral votes but millions of mail-in ballots left to be counted – even the threat of a disputed election and a long-drawn-out mess is now boosting stocks. And even funnier: The only remaining outcome that would not boost stocks, and by some measures would be the worst possible outcome during these times – namely a split government, with the Senate remaining under Republican control and Biden in the White House, and therefore no stimulus package – is suddenly a distinct possibility.

But it now too is seen as boosting stocks because it would mean, according to the newly fashioned narrative, that the absence of a Blue Wave would be good for Big Tech because it would be less threatened by antitrust pressures. These narratives are funny. They change and adapt constantly, like a weather vane. Major investment banks come out with reports to create and support these narratives, and adjust them as probabilities of outcomes change, with the purpose being that whatever happens, and no matter how it happens, and regardless of why or when it happens, it has to boost stocks, according to the narratives.

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Nice little country you have there…

ECB May Cut Support For Indebted Countries In Nudge Towards EU Loans (R.)

The European Central Bank could offer less generous support for indebted governments when it puts together a further stimulus package next month, to push them to apply for European Union loans tied to productive investments, sources told Reuters. The ECB promised last week to introduce more measures in December to help euro zone countries cope with the second wave of the coronavirus pandemic, including new lockdowns that will curtail economic activity. The four sources who spoke to Reuters said policymakers were debating whether the ECB should extend its Pandemic Emergency Purchase Programme (PEPP), which gives it unprecedented flexibility in buying bonds from any country in distress, or its regular Asset Purchase Programme (APP), under which purchases should mirror the relative size of each country.


This is because PEPP has driven down borrowing costs for indebted governments such as Spain and Portugal so much that they are shunning EU loans tied to digital and green investments in favour of raising no-strings cash on the bond market. The composition of the package should be decided at the ECB’s Dec. 10 policy meeting and the sources said a compromise could be on the cards, with both PEPP and APP being expanded but the former remaining the main instrument. The difference between the two programmes is material and the decision will have implications for how much help the ECB might give to the bloc’s most indebted countries. The ECB has significantly overbought Italian and Spanish bonds under PEPP since the first wave of the pandemic in the spring, helping lower their bond yields to pre-pandemic levels — a welcome relief for their governments at a time of stress. But in doing so, it has made borrowing from the EU’s Next Generation fund less attractive.

Read more …

Most stunning is there has been hardly any movement in the whole thing. Where are the better and faster tests?

COVID Testing: We’ve Been Duped (AT)

During a considerably quieter time, back in 2007, the New York Times featured a very interesting exposé on molecular diagnostic testing — specifically, the inadequacy of the polymerase chain reaction (PCR) test in achieving reliable results. The most significant concern highlighted in the Times report is how molecular tests, most notably the PCR, are highly sensitive and prone to false positives. At the center of the controversy was a potential outbreak in a hospital in New Hampshire that proved to be nothing more than “ordinary respiratory diseases like the common cold.” Unfortunately, the results wrought by the PCR told a different story.

Thankfully, a faux epidemic was avoided but not before thousands of workers were furloughed and given antibiotics and ultimately a vaccine, and hospital beds (including some in intensive care) were taken out of commission. Eight months later, what was thought to be an epidemic was deemed a non-malicious hoax. The culprit? According to “epidemiologists and infectious disease specialists … too much faith in a quick and highly sensitive molecular test .. led them astray.” At the time, such tests were “coming into increasing use” as maybe “the only way to get a quick answer in diagnosing diseases like … SARS, and deciding whether an epidemic is under way. Nevertheless, today, the PCR test is considered the gold standard of molecular diagnostics, most notably in the diagnosis of COVID-19.

However, a closer analysis reveals that the PCR has actually been pretty spotty and that false positives abound. Thankfully, the New York Times is once again on the case. “Your Coronavirus Test Is Positive; Maybe It Shouldn’t Be,” according to NYT reporter Apoorva Mandavilli. Essentially, positive results are getting tossed around way too frequently. Rather, they should probably be reserved for individuals with “greater viral load.” So how have they’ve been doing it all this time you ask? “The PCR test amplifies genetic matter from the virus in cycles; the fewer cycles required, the greater the amount of virus, or viral load, in the sample . .. the more likely the patient is to be contagious.”

Unfortunately, the “cycle threshold” has been ramped up. What happens when it’s ramped up? Basically, “huge numbers of people who may be carrying relatively insignificant amounts of the virus” are deemed infected. However, the severity of the infection is never quantified, which essentially amounts to a false positive. Their level of contagion is essentially nil. How are they determining the cycle threshold? If I didn’t suspect that it was based on maximizing the amount of “cases,” I would find the determination pretty arbitrary. More than a few of the professionals on record for Times report appear pretty perplexed on this vital detail which is essentially driving “clinical diagnostics, for public health and policy decision-making.”

Read more …

They don’t know what they’re doing.

“Lockdowns temporarily reduce infections and associated deaths. But they do so only by deferring them to the period after they are lifted.”

England Underestimates The Costs Of Lockdown At Its Peril (Jonathan Sumption)

Suppose there is nothing that governments can do to stop the spread of Covid-19. What then? It is not a hypothetical question, as England is discovering. “We’ve got to be humble in the face of nature,” the prime minister observed in Saturday’s Downing Street press conference. But humility learns from experience, and there was no sign of that in the measures he then went on to announce. In my opinion, the problem with lockdowns is that they are indiscriminate, ineffective in the long term, and carry social and economic costs that outweigh their likely benefits. Lockdowns temporarily reduce infections and associated deaths. But they do so only by deferring them to the period after they are lifted. Members of the government’s Sage group pointed this out back in February.

“Measures which are too effective,” they said, “merely push all transmission to the period after they are lifted, giving a delay but no substantial reduction in either peak incidence or overall attack rate.” In the meantime, these restrictions prolong the crisis, slow down the process by which the population acquires a measure of natural immunity, and cause immeasurable collateral damage. This is what we are experiencing now. Lockdowns are indiscriminate because they do not distinguish between different categories of people whose vulnerabilities are very different. Some are young, some old. Some have had the disease and enjoy a measure of immunity while others do not. Some live alone and are starved of company, others have their families around them. Some live in rural Cornwall, where the reproduction rate is low, others in Liverpool, where it is high.

Allowing people to make their own judgments, tailored to their own circumstances and those of the people around them, is not only a more humane and rational response to the pandemic. It also directs resources to where they are actually needed. Instead, ministers treat the entire population as an undifferentiated mass. This one-size-fits-all approach is irrational. The result is to inflict an appalling injustice on the young, who are unlikely to become seriously ill but are bearing almost all the burden of the counter-measures. The average age at which people die with Covid-19 is over 82. As of 3 November, the Office for National Statistics reports that 49,420 out of 55,311 deaths involving Covid-19 were among people aged 65 or older. The risk of death for young people is very small. They are not the ones who are filling NHS beds.

Yet their job prospects are being snuffed out. The spectacle of bright engineering graduates and talented musicians forced into unemployment, or to take jobs in which their training will go to waste, is a savage indictment of current policies. It is the old and vulnerable whom we should be protecting from the virus. Care homes should be better managed and resourced. Older people who live outside such institutions may shield themselves from infection, if they choose to, though some may prefer to take the risk. But the young and healthy should not be deprived of the ability to live fulfilling and productive lives simply to spare the old and vulnerable from taking precautions for their own safety. The lower proportion of positive test results from older people since the summer suggests that many of them are already doing so.

Read more …

Political persecution?!

Kim Dotcom Can Be Extradited To US But Can Also Appeal (BBC)

A long-running effort to extradite file-sharing site mogul Kim Dotcom to the US has been left in limbo after a Supreme Court decision in New Zealand. The court ruled that he can be returned to the US to face copyright charges – but has also overturned another lower court’s decision, effectively granting him the right to appeal. Mr Dotcom himself described the ruling as a “mixed bag”. The legal wrangling is likely to continue. The court ruled that Kim Dotcom and his three co-accused were liable for extradition on 12 of the 13 counts the FBI is seeking to charge them with. But it also ruled that the Court of Appeal had erred in dismissing judicial review requests from Mr Dotcom, and granted him the right to continue with them.

The FBI alleges that Megaupload facilitated copyright infringement on a huge scale, but Mr Dotcom’s lawyers argue that the website was never meant to encourage copyright breaches. If he is extradited, he faces a lengthy jail term. In response to the ruling, he tweeted a statement from his lawyers which read: “For the Dotcom team, and especially for Kim and his family, it is a mixed bag.” “There is no final determination that he is to go to the United States. However, the court has not accepted our important copyright argument and in our view has made significant determinations that will have an immediate and chilling impact on the internet.”

The controversial figure founded file-sharing site Megaupload in 2005, and made millions of dollars from advertising and premium subscriptions. At one point, he boasted that it was responsible for 4% of internet traffic. In 2012, he was arrested when armed police stormed his Auckland home in a dramatic dawn raid, which was later to become the subject of its own legal enquiry, when Mr Dotcom sued for damages. A district court in New Zealand ruled in 2015 that he could be extradited, but a series of appeals and judicial reviews followed. Lawyers for Mr Dotcom argued that his actions did not amount to criminal offences in New Zealand, and were therefore not extraditable.

Read more …

And who goes to jail?

Bayer Takes Over $10 Billion Write-Down Over Monsanto Roundup Weed Killer (RT)

German pharmaceutical giant Bayer said it’s facing a double hit from a higher legal bill for claims relating to weed killer Roundup and €9.25 billion ($10.8 billion) in impairments on Monsanto-related agriculture businesses. According to the company, the write-downs were driven by weaker demand from farmers due to low biofuel prices and an increase of about $750 million in the costs of settlement terms with US plaintiffs over Roundup. As a result, the losses before interest and tax amounted to €9.4 billion ($10.9 billion) in the third quarter. “The impact of the (coronavirus) pandemic is placing additional strain on our Crop Science Division. We are also facing negative currency effects,” Chief Financial Officer Wolfgang Nickl said as quoted by Reuters.


Nickl explained that a massive depreciation of the Brazilian real was weighing heavily on the firm’s business in the world’s second-largest agricultural market. Bayer said it was unable to say what part of the impairment was attributable to legacy Monsanto businesses, saying only that two-thirds of the write-downs were due to currency and interest rate effects. Bayer has been under fire and facing a wave of lawsuits in the US over Roundup since its 2018 takeover of Monsanto for about $63 billion. The deal made Bayer the world’s largest supplier of seeds and pesticides. In June, Bayer struck an $11 billion outline agreement with US plaintiffs’ lawyers, but a judge later took issue with a side arrangement on future cases that may yet be lodged, known as a class plan.

Read more …

 

 

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Apr 112019
 


Carl Spitzweg The raven 1845

 

 

In light of the horrible news that Julian Assange was arrested by British police inside the Ecuadorian embassy this morning, what is there to say that we haven’t already said?

We originally published this essay on May 16 2018.

 

 

Julian Assange appears to be painfully close to being unceremoniously thrown out of the Ecuadorian embassy in London. If that happens, the consequences for journalism, for freedom of speech, and for press freedom, will resound around the world for a very long time. It is very unwise for anyone who values truth and freedom to underestimate the repercussions of this.

In essence, Assange is not different from any journalist working for a major paper or news channel. The difference is he published what they will not because they want to stay in power. The Washington Post today would never do an investigation such as Watergate, and that’s where WikiLeaks came in.

It filled a void left by the media that betrayed their own history and their own field. Betrayed the countless journalists throughout history, and today, who risked their lives and limbs, and far too often lost them, to tell the truth about what powers that be do when they think nobody’s looking or listening.

Julian is not wanted because he’s a spy, or even because he published a number of documents whose publication was inconvenient for certain people. He is wanted because he is so damn smart, which makes him very good and terribly effective at what he does. He’s on a most wanted list not for what he’s already published, but for what he might yet publish in the future.

He built up WikiLeaks into an organization that acquired the ultimate trust of many people who had access to documents they felt should be made public. They knew he would never betray their trust. WikiLeaks has to date never published any documents that were later found out to be false. It never gave up a source. No documents were ever changed or manipulated for purposes other than protecting sources and other individuals.

 

Julian Assange built an ’empire’ based on trust. To do that he knew he could never lie. Even the smallest lie would break what he had spent so much time and effort to construct. He was a highly accomplished hacker from a very young age, which enabled him to build computer networks that nobody managed to hack. He knew how to make everything safe. And keep it that way.

Since authorities were never able to get their hands on WikiLeaks, its sources, or its leader, a giant smear campaign was started around rape charges in Sweden (the country and all its citizens carry a heavy blame for what happened) and connections to America’s favorite enemy, Russia. The rape charges were never substantiated, Julian was never even interrogated by any Swedish law enforcement personnel, but that is no surprise.

It was clear from the get-go what was happening. First of all, for Assange himself. And if there’s one thing you could say he’s done wrong, it’s that he didn’t see the full impact from the campaign against him, sooner. But if you have the world’s largest and most powerful intelligence services against you, and they manage to find both individuals and media organizations willing to spread blatant lies about you, chances are you will not last forever.

If and when you have such forces running against you, you need protection. From politicians and from -fellow- media. Assange didn’t get that, or not nearly enough. Ecuador offered him protection, but as soon as another president was elected, they turned against him. So have news organizations who were once all too eager to profit from material Assange managed to obtain from his sources.

 

That the Guardian today published not just one, not two, but three what can only be labeled as hit pieces on Julian Assange, should perhaps not surprise us; they fell out a long time ago. Still, the sheer amount of hollow innuendo and outright lies in the articles is astonishing. How dare you? Have you no shame, do you not care at all about your credibility? At least the Guardian makes painfully clear why WikiLeaks was needed.

No, Sweden didn’t “drop its investigation into alleged sexual offences because it was unable to question Assange”. The Swedes simply refused to interview him in the Ecuador embassy in London, the only place where he knew he was safe. They refused this for years. And when the rape charges had lost all credibility, Britain asked Sweden to not drop the charges, but keep the pressure on.

No, there is no proof of links from Assange to Russian hackers and/or to the Russian government. No, there is no proof that DNC computers were hacked by Russians to get to John Podesta’s emails. In fact there is no proof they were hacked at all. No, Ecuador didn’t get tired of Julian; their new president, Moreno, decided to sell him out “at the first pressure from the United States”. Just as his predecessor, Correa, said he would.

Julian Assange has been condemned by Sweden, Britain, the US and now Ecuador to solitary confinement with no access to daylight or to medical care. Without a trial, without a sentence, and on the basis of mere allegations, most of which have already turned out to be trumped up and false. This violates so many national and international laws it’s futile to try and count or name them.

It also condemns any and all subsequent truth tellers to the prospect of being treated in the same way that Julian is. Forget about courts, forget about justice. You’ll be on a wanted list. I still have a bit of hope left that Vladimir Putin will step in and save Assange from the gross injustice he’s been exposed to for far too many years. Putin gets 100 times the lies and innuendo Assange gets, but he has a powerful nation behind him. Assange, in the end, only has us.

What’s perhaps the saddest part of all this is that people like Chelsea Manning, Kim Dotcom, Edward Snowden and Julian Assange are among the smartest people our world has to offer. We should be cherishing the combination of intelligence, courage and integrity they display at their own risk and peril, but instead we let them be harassed by our governments because they unveil inconvenient truths about them.

And pretty soon there will be nobody left to tell these truths, or tell any truth at all. Dark days. By allowing the smartest and bravest amongst us, who are experts in new technologies, to be silenced, we are allowing these technologies to be used against us.

We’re not far removed from being extras in our own lives, with all significant decisions taken not by us, but for us. America’s Founding Fathers are turning in their graves as we speak. They would have understood the importance of protecting Julian Assange.

To say that we are all Julian Assange is not just a slogan.

 

 

Jul 052018
 
 July 5, 2018  Posted by at 8:15 am Finance Tagged with: , , , , , , , , , , ,  3 Responses »


Vincent van Gogh Ravine 1889

 

China Warns US ‘Opening Fire’ On World With Tariff Threats (R.)
China Denies It Will Be First To Impose Tariffs On $34bn Of US Goods (G.)
Europe Turns Down Chinese Offer For Grand Alliance Against The US (ZH)
EU Reportedly Considering International Talks To Cut Car Tariffs (CNBC)
Germany’s Massive Trade Surplus ‘Is Becoming Toxic,’ Ifo Director Says (CNBC)
Tories ‘Toast’ If They Don’t Deliver On Brexit, Theresa May Warned (Sky)
There Is Only Option On The Table: Soft Brexit (G.)
UK Home Office Separating Scores Of Children From Parents (Ind.)
Bank of Japan Takes Away Punch Bowl, Balance Sheet Declines (WS)
India Is Emerging As Ground Zero Of The World’s Biggest NPL Crisis (ZH)
Kim Dotcom Loses New Zealand Extradition Appeal (AFP)
Babies (CJ)

 

 

Negotiate!

China Warns US ‘Opening Fire’ On World With Tariff Threats (R.)

The United States is “opening fire” on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant U.S. measures go into effect as the two locked horns in a bitter trade war. The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 12.01 am eastern time on Friday (0401 GMT Friday), which is just after midday on Friday Beijing time. U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soy beans to coal.

China has said it will not “fire the first shot”, but its customs agency said on Thursday in a short statement that Chinese tariffs on U.S. goods will take effect immediately after Washington’s tariffs on Chinese goods kick in. Speaking at a weekly news conference, Chinese Commerce Ministry spokesman Gao Feng warned the proposed U.S. tariffs would hit international supply chains, including foreign companies in the world’s second-largest economy. “If the U.S. implements tariffs, they will actually be adding tariffs on companies from all countries, including Chinese and U.S. companies,” Gao said. “U.S. measures are essentially attacking global supply and value chains. To put it simply, the U.S. is opening fire on the entire world, including itself,” he said.

Read more …

Well, obviously.

China Denies It Will Be First To Impose Tariffs On $34bn Of US Goods (G.)

China has denied it will fire the opening salvo in an escalating trade dispute with the US, insisting that it would not bring in 25% tariffs on $34bn (£26bn) of American goods before a move from Washington. Both sides have threatened to impose similarly sized tariffs on 6 July, but because of the 12-hour time difference, it was thought the Chinese tariffs on US imports ranging from soybean to stainless steel pipes could take effect earlier. However, China’s finance ministry issued a statement on Wednesday saying that it would not be the first to levy tariffs.

“The Chinese government’s position has been stated many times. We absolutely will not fire the first shot, and will not implement tariff measures ahead of the United States doing so.” The US will implement a 25% tariff on $34bn of Chinese imports – 818 product lines ranging from cars to vaporisers and “smart home” devices – on Friday. There had been hopes the US and China might step away from the measures, but neither side has backed down. Economists have warned that the tariffs will damage economic growth and cost jobs, and could escalate into a full-blown trade war between the world’s two largest economies.

Read more …

Nonstarter.

Europe Turns Down Chinese Offer For Grand Alliance Against The US (ZH)

Publicizing its growing exasperation in dealing with president Donald Trump who refuses to halt the tit-for-tat retaliation in the growing trade war with China – which is set to officially begin on Friday when the US slaps $34 billion in Chinese exports with 25% tariffs – but has a habit of doubling down the threatened US reaction to every Chinese trade counteroffer (after all the US imports far more Chinese goods than vice versa)…China has proposed a novel idea: to form an alliance with the EU – the world’s largest trading block – against the US, while promising to open up more of China’s economy to European corporations.

The idea was reportedly floated in meetings in Brussels, Berlin and Beijing, between senior Chinese officials, including Vice Premier Liu He and the Chinese government’s top diplomat, State Councillor Wang Yi, according to Reuters. Willing to use either a carrot or a stick to achieve its goals, in these meetings China has been putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month. However, perhaps because China’s veneer of the leader of the free trade world is so laughably shallow – China was and remains a pure mercantilist power, whose grand total of protectionist policies put both the US and Europe to shame – the European Union has outright rejected any idea of allying with Beijing against Washington ahead of a Sino-European summit in Beijing on July 16-17.

Instead, in the tradition of every grand, if ultimately worthless meeting of the G-X nations, the summit is expected to produce a “modest communique”, which affirms the commitment of both sides to the multilateral trading system and promises to set up a working group on modernizing the WTO. Incidentally, the past two summits, in 2016 and 2017, ended without a statement due to disagreements over the South China Sea and trade. Then there is China’s “free-trade” reputation: a recent Rhodium Group report showed that Chinese restrictions on foreign investment are higher in every single sector save real estate, compared to the European Union, while many of the big Chinese takeovers in the bloc would not have been possible for EU companies in China. And while China has promised to open up, EU officials expect any moves to be more symbolic than substantive.

Read more …

Caving.

EU Reportedly Considering International Talks To Cut Car Tariffs (CNBC)

European officials are considering holding talks on a tariff-cutting deal between the world’s largest car exporters to prevent an all-out trade war with the U.S., according to the Financial Times who cited diplomats briefed on the matter. The proposal is being looked at by officials in Brussels, the administrative heartland of the European Union, ahead of a meeting between Jean-Claude Juncker, the president of the European Commission, and President Donald Trump in Washington later in July, the report published Wednesday said.

The FT reported that three diplomats, which it did not name, said the European Commission “is studying whether it would be feasible to negotiate a deal with other big car exporters such as the U.S., South Korea and Japan.” Such a move could address Trump’s complaint that the U.S. sector is unfairly treated, while reducing export costs for other participating countries’ auto sectors. “Under such a deal, participants would reduce tariffs to agreed levels for a specified set of products — a concept in international trade known as a ‘plurilateral agreement’ that lets countries strike deals on tariffs without including the entire membership of the WTO,” the FT said.

Read more …

Even Italy has a big surplus.

Germany’s Massive Trade Surplus ‘Is Becoming Toxic,’ Ifo Director Says (CNBC)

Germany exporting more than it imports is becoming a big problem for its economy, a director from the country’s closely-watched Ifo Institute said Wednesday. “(The trade surplus) is turning out to be an increasing issue, not just with the U.S. but with other trade partners as well, and also within the European Union,” Gabriel Felbermayr, the director of the Ifo Center for International Economics at the Munich-based institute, told CNBC’s “Squawk Box Europe. “The surplus is becoming toxic, and also within Germany many argue now that we need to do something about it with the purpose of lowering it. It turns out to be a liability rather than an asset.”

Germany’s export-orientated, manufacturing economy and its resulting trade surplus — the value of its exports exceeding that of its imports — has long been a subject of criticism and Berlin has been pressured to encourage more domestic spending and boost imports. Trade surpluses are viewed as encouraging trade protectionism and worsening the economic problems of other countries. Germany’s trade surplus fell in 2017 for the first time since 2009, shrinking to $300.9 billion, data published in February by the country’s Federal Statistics Office showed. Still, its trade surplus with the U.S. was $64 billion.

[..] Eric Lonergan, macro fund manager at M&G, told CNBC on Wednesday that Trump might be mollified by European countries promising to address their current account surpluses. A current account surplus is a broader measure of the trade surplus, plus earnings from foreign investments and transfer payments. “(Regarding the trade surplus) the truth is it’s not just Germany anymore — central and eastern Europe, if you look at Hungary, Poland, the Czech Republic and take them as an aggregate, were running a big current account deficit before, now they’re running a big current account surplus,” he said. “Italy’s running a big current account surplus, the periphery is — so it’s the ‘Germanification’ of the whole of greater Europe.”

Read more …

Rumor has it that Boris Johnson will resign. Maybe he’ll wait until after England lose to Sweden in the World Cup.

Tories ‘Toast’ If They Don’t Deliver On Brexit, Theresa May Warned (Sky)

Theresa May has been warned the Tories will be “toast” if they fail to deliver on their Brexit promises, as eurosceptic MPs maintain the pressure on the prime minister ahead of a crunch meeting of her top team. As the PM prepares to gather ministers at her country retreat of Chequers on Friday, she has been put on notice by the European Research Group (ERG) of Conservative backbenchers. Around 40 members of the ERG met with chief whip Julian Smith on Wednesday, reports Sky’s senior political correspondent Beth Rigby. Our correspondent said that they told Mr Smith the party will be “toast” if it “welches” on its previous Brexit promises, adding that the roughly £40bn “divorce bill” should only be paid to Brussels on condition of getting a deal.

After the meeting, Jacob Rees-Mogg, who chairs the ERG, told Sky News that Mr Smith “doesn’t determine policies” and so backbench Brexiteers remain in the dark over the government’s plans beyond media reports. Asked about suggestions the PM could propose a UK-EU deal that keeps regulatory alignment with Brussels for goods, as well as keeping the same level of tariffs as the EU, Mr Rees-Mogg warned such an agreement is “not Brexit”. He insisted continued regulatory alignment would mean the UK “cannot do trade deals with the rest of the world” and would mean “we haven’t really left the EU”. “Indeed, worse than that, we’re a vassal state because we take the EU’s rules and have no say over them,” the Leave supporter added.

Read more …

Not for the diehards.

There Is Only Option On The Table: Soft Brexit (G.)

The proverbial can has been kicked down the proverbial road ever since Britain voted to leave the European Union in 2016. Don’t get me wrong. Can-kicking has a necessary place in politics. Theresa May has often had little choice but to resort to it. But the road and the can-kicking must end at Chequers on Friday. That’s when the prime minister and her divided cabinet must finally decide what kind of relationship they seek with the EU after Brexit. In the end, May’s government faces the same two choices at Chequers that it has faced throughout all the twists and turns of the Brexit negotiations.

Either the government must embrace a form of soft Brexit that it can then persuade the rest of Europe to accept as a proper basis for good future relations – the option that May herself and the chancellor, Philip Hammond, both prefer and will put forward – or it must reject that option and prepare for a no-deal Brexit, in which all of Britain’s economic and political relations with Europe and the rest of the world become matters of pure conjecture. There are no other choices on the table. If Brexit is to go ahead, it is simply one or the other. This means, therefore, that only the first of the two choices is in fact a serious option.

If the cabinet rejects May’s and Hammond’s approach and adopts a no-deal option as government policy, there would be both a parliamentary and an extra-parliamentary revolt against it. Large businesses such as British Airways might relocate to Europe. Labour might even find an explicit anti-Brexit voice. One way or another, the no-deal approach would therefore explode on the launch pad. And Brexit might even not take place. Most ministers are neither idiots nor wreckers, so the no-deal option is not going to happen. It is even questionable as to whether any of the no-dealers will resign. The much more serious question, though, is whether the soft Brexit package that May wants to sell to the cabinet is much of a runner either.

Read more …

If they’re capable of Windrush, they can do this too.

UK Home Office Separating Scores Of Children From Parents (Ind.)

The Home Office is separating scores of children from their parents as part of its immigration detention regime – in some cases forcing them into care in breach of government policy. Schools, the NHS and social services have written letters to the department begging them to release parents from detention because of the damaging impact it is having on their children. Bail for Immigration Detainees (Bid), a charity that supports people in detention, said they have seen 170 children separated from their parents by the Home Office in the past year – and believes there are likely to be many more.While usually the youngsters remain in the care of their other parent, the charity has seen a number of cases where children are taken into local authority care as a result of the detention.

Case workers highlight that this is in breach of Home Office guidelines, which state that a child “must not be separated from both adults if the consequence of that decision is that the child is taken into care”. In one case, three young children were taken into care for several days after their dad was detained earlier this year – an experience that left them traumatised and fearful that he will be “taken away” again. Kenneth Oranyendu, 46, was detained in March while his wife was abroad for her father’s funeral. Despite the Home Office being aware of this, they kept him in detention and his four young children were forced to go into care.

Read more …

Japan’s toast without the punch bowl.

Bank of Japan Takes Away Punch Bowl, Balance Sheet Declines (WS)

In June, total assets on the Bank of Japan’s balance sheet dropped by ¥3.79 trillion yen ($34 billion) from May, to ¥537 trillion ($4.87 trillion). It was the third month-over-month drop in seven months, and the first such drops since late 2012, when the Abenomics-designed blistering “QQE” (Qualitative and Quantitative Easing) kicked off. So has the “QQE Unwind” commenced? This chart shows the month-to-month changes of the total balance sheet. Note the trend over the past 16 months and the three “QQE unwind” episodes (red):

But this sporadic balance sheet reduction and the overall “tapering” of its growth contradict the official rhetoric. Bank of Japan Governor Haruhiko Kuroda along with most of his colleagues keep insisting that the BOJ would “patiently” maintain its ultra-easy monetary policy and that it would “keep expanding the monetary base until inflation is above 2%.” The blistering asset purchases would add about ¥80 trillion ($725 billion) to the balance sheet every year. And the BOJ has repeatedly affirmed its short-term interest-rate target of a negative -0.1%.

[..][ Under QQE, the BOJ has been buying mostly Japanese government securities (JGBs and short-term bills); it also purchased corporate bonds, Japanese REITs, and equity ETFs. But now, the party appears to be ending, despite the speeches to the contrary. From the distance, however, the flattening out (tapering) of the BOJ’s assets is barely noticeable, given the magnitude of the whole pile that amounts to about 96% of Japan’s GDP (the Fed’s balance sheet amounted to about 23% of US GDP at the peak):

Read more …

I’d say China is much worse than the graph indicates.

India Is Emerging As Ground Zero Of The World’s Biggest NPL Crisis (ZH)

While bad loans in the Italian banking system have received a ton of attention from investors who fear that the Italians could inadvertently blow up the European banking union, it’s not the only financial landmine lurking among the world’s ten largest economies. To wit, while Italy has the largest percentage of non-performing loans among the world’s largest economies, India isn’t far behind and India’s economic recovery is built on an even shakier foundation. According to Bloomberg, India’s $1.7 trillion formal banking sector is presently struggling with $210 billion in bad loans, most of which are concentrated within its state-owned banks. During the 2018 fiscal year, growth slowed to 6.7%, down from the previous year’s 7.1%, back to its levels from 2014, before Modi came to power.

The state banks have been so badly mismanaged that some analysts say the country’s banking crisis is an opportunity for private sector banks, as CNBC reported. “If you take a 10-year view, currently the private sector banks’ market share is 30 percent. Probably it will become 60 percent,” Sukumar Rajah, senior managing director at Franklin Templeton Emerging Markets Equity, told CNBC. As a result, he said, “the overall health of the banking system will improve because the better banks will be a bigger portion of the market and the weaker banks will become a smaller portion of the market.”

Some also see opportunities for investment bankers looking to underwrite corporate bond issuance in the country.. “My view is that, incrementally, a lot of long-term financing of corporate India can also be met by the corporate bond market, which has developed reasonably well,” he said. “Between the corporate bond market and the private banks, I think most of the requirements can be met as far as corporate India is concerned.” When it comes to lending directly to individuals, Prasad said that is mostly done by the private banks and non-banking financial companies.

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Can’t extradite someone who has broken none of your laws.

Kim Dotcom Loses New Zealand Extradition Appeal (AFP)

Megaupload founder Kim Dotcom suffered a major setback in his epic legal battle against online piracy charges Thursday when New Zealand’s Court of Appeal ruled he was eligible for extradition to the United States. The German national, who is accused of netting millions from his file sharing Megaupload empire, faces charges of racketeering, fraud and money laundering in the US, carrying jail terms of up to 20 years. Dotcom had asked the court to overturn two previous rulings that the Internet mogul and his three co-accused be sent to America to face charges. Instead, a panel of three judges backed the FBI-led case, which began with a raid on Dotcom’s Auckland mansion in January 2012 and has dragged on for more than six years.

The court said US authorities had “a clear prima facie case to support the allegations that the appellants conspired to, and did, breach copyright wilfully and on a massive scale for commercial gain”. Dotcom is accused of industrial-scale online piracy via Megaupload, which US authorities shut down when the raid took place. They allege Megaupload netted more than US$175 million in criminal proceeds and cost copyright owners US$500 million-plus by offering pirated content including films and music. “We are disappointed with today’s judgment by the NZ Court of Appeal in the Kim Dotcom case,” his lawyer Ira Rothken tweeted, indicating there would be an appeal to the Supreme Court.

“We have now been to three courts each with a different legal analysis – one of which thought that there was no copyright infringement at all.” Dotcom and his co-accused – Finn Batato, Mathias Ortmann, Bram van der Kolk – have denied any wrongdoing and say Megaupload was simply a case of established interests being threatened by online innovation. The website was an early example of cloud computing, allowing users to upload large files onto a server so others could easily download them without clogging up their email systems. At its height in 2011, Megaupload claimed to have 50 million daily users and account for 4% of the world’s internet traffic.

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How people are made.

Babies (CJ)

When a baby is born, its parents teach it how to eat solid foods and walk and talk, which generally works out fine. Then they start teaching the baby all the lies their parents taught them, and things start to get messy. When the baby is old enough, they send it to school, where it spends twelve years being taught lies about how the world works so that one day it will be able to watch CNN and say “Yes, this makes perfect sense” instead of “This is ridiculous” or “Why does this whole entire thing seem completely fake?” or “I want to punch Chris Cuomo in the throat.” The baby is taught history, which is the study of the ancient, leftover propaganda from whichever civilization happened to win the wars in a given place at a given time.

The baby is taught geography, so that later on when its country begins bombing another country, the baby’s country won’t be embarrassed if its citizens cannot find that country on a globe. The baby is taught obedience, and the importance of performing meaningless tasks in a timely manner. This prepares the baby for the half century of pointless gear-turning it will be expected to undertake after graduation. The baby is taught that it lives in a free country, with a legitimate electoral system which facilitates meaningful elections of actual representatives in a real government. It is never taught that those elections, representatives and government are all owned and operated by the very rich, who use them to ensure policies which make them even richer while keeping everyone else as poor as possible so that they won’t have to share political power.

It is never taught that highly secretive intelligence and defense agencies form alliances with those rich people to advance murderous and exploitative agendas for profit and power. It is never taught that the things it sees on television are mostly lies. The baby is smoothly, seamlessly funneled from uterus to full-time employment through this system, often with a little religion mixed in to really drive home the importance of obedience and meekness and the nobility of poverty.

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Waiting for my man

May 162018
 


Carl Spitzweg The raven 1845

 

Julian Assange appears to be painfully close to being unceremoniously thrown out of the Ecuadorian embassy in London. If that happens, the consequences for journalism, for freedom of speech, and for press freedom, will resound around the world for a very long time. It is very unwise for anyone who values truth and freedom to underestimate the repercussions of this.

In essence, Assange is not different from any journalist working for a major paper or news channel. The difference is he published what they will not because they want to stay in power. The Washington Post today would never do an investigation such as Watergate, and that’s where WikiLeaks came in.

It filled a void left by the media that betrayed their own history and their own field. Betrayed the countless journalists throughout history, and today, who risked their lives and limbs, and far too often lost them, to tell the truth about what powers that be do when they think nobody’s looking or listening.

Julian is not wanted because he’s a spy, or even because he published a number of documents whose publication was inconvenient for certain people. He is wanted because he is so damn smart, which makes him very good and terribly effective at what he does. He’s on a most wanted list not for what he’s already published, but for what he might yet publish in the future.

He built up WikiLeaks into an organization that acquired the ultimate trust of many people who had access to documents they felt should be made public. They knew he would never betray their trust. WikiLeaks has to date never published any documents that were later found out to be false. It never gave up a source. No documents were ever changed or manipulated for purposes other than protecting sources and other individuals.

 

Julian Assange built an ’empire’ based on trust. To do that he knew he could never lie. Even the smallest lie would break what he had spent so much time and effort to construct. He was a highly accomplished hacker from a very young age, which enabled him to build computer networks that nobody managed to hack. He knew how to make everything safe. And keep it that way.

Since authorities were never able to get their hands on WikiLeaks, its sources, or its leader, a giant smear campaign was started around rape charges in Sweden (the country and all its citizens carry a heavy blame for what happened) and connections to America’s favorite enemy, Russia. The rape charges were never substantiated, Julian was never even interrogated by any Swedish law enforcement personnel, but that is no surprise.

It was clear from the get-go what was happening. First of all, for Assange himself. And if there’s one thing you could say he’s done wrong, it’s that he didn’t see the full impact from the campaign against him, sooner. But if you have the world’s largest and most powerful intelligence services against you, and they manage to find both individuals and media organizations willing to spread blatant lies about you, chances are you will not last forever.

If and when you have such forces running against you, you need protection. From politicians and from -fellow- media. Assange didn’t get that, or not nearly enough. Ecuador offered him protection, but as soon as another president was elected, they turned against him. So have news organizations who were once all too eager to profit from material Assange managed to obtain from his sources.

 

That the Guardian today published not just one, not two, but three what can only be labeled as hit pieces on Julian Assange, should perhaps not surprise us; they fell out a long time ago. Still, the sheer amount of hollow innuendo and outright lies in the articles is astonishing. How dare you? Have you no shame, do you not care at all about your credibility? At least the Guardian makes painfully clear why WikiLeaks was needed.

No, Sweden didn’t “drop its investigation into alleged sexual offences because it was unable to question Assange”. The Swedes simply refused to interview him in the Ecuador embassy in London, the only place where he knew he was safe. They refused this for years. And when the rape charges had lost all credibility, Britain asked Sweden to not drop the charges, but keep the pressure on.

No, there is no proof of links from Assange to Russian hackers and/or to the Russian government. No, there is no proof that DNC computers were hacked by Russians to get to John Podesta’s emails. In fact there is no proof they were hacked at all. No, Ecuador didn’t get tired of Julian; their new president, Moreno, decided to sell him out “at the first pressure from the United States”. Just as his predecessor, Correa, said he would.

Julian Assange has been condemned by Sweden, Britain, the US and now Ecuador to solitary confinement with no access to daylight or to medical care. Without a trial, without a sentence, and on the basis of mere allegations, most of which have already turned out to be trumped up and false. This violates so many national and international laws it’s futile to try and count or name them.

It also condemns any and all subsequent truth tellers to the prospect of being treated in the same way that Julian is. Forget about courts, forget about justice. You’ll be on a wanted list. I still have a bit of hope left that Vladimir Putin will step in and save Assange from the gross injustice he’s been exposed to for far too many years. Putin gets 100 times the lies and innuendo Assange gets, but he has a powerful nation behind him. Assange, in the end, only has us.

What’s perhaps the saddest part of all this is that people like Chelsea Manning, Kim Dotcom, Edward Snowden and Julian Assange are among the smartest people our world has to offer. We should be cherishing the combination of intelligence, courage and integrity they display at their own risk and peril, but instead we let them be harassed by our governments because they unveil inconvenient truths about them.

And pretty soon there will be nobody left to tell these truths, or tell any truth at all. Dark days. By allowing the smartest and bravest amongst us, who are experts in new technologies, to be silenced, we are allowing these technologies to be used against us.

We’re not far removed from being extras in our own lives, with all significant decisions taken not by us, but for us. America’s Founding Fathers are turning in their graves as we speak. They would have understood the importance of protecting Julian Assange.

To say that we are all Julian Assange is not just a slogan.

 

 

Jan 232018
 
 January 23, 2018  Posted by at 10:56 am Finance Tagged with: , , , , , , , , , , , ,  8 Responses »


William Claxton John Coltrane at the Guggenheim Museum, New York 1960

 

Trump Makes First Big Trade Move With Tariffs Aimed At Asia (BBG)
The Shutdown Scam: The GOP Is Now The Second “Government Party” (Stockman)
Blow Back (Jim Kunstler)
IMF Raises Global Growth Forecast, Sees Trump Tax Boost (R.)
IMF: Next Recession Will Come Sooner And Will Be Harder To Fight (EuA)
Rising Interest Payments Matter (NMT)
UK Business Leaders Push For New Campaign To Reverse Brexit (G.)
Kim Dotcom Sues New Zealand Government For Billions in Damages (BBC)
Ecuador’s Correa ‘Afraid for Julian Assange’s Safety’ (TeleSur)
Australia Sends Dozens Of Refugees From Pacific Camps To US (AFP)
Angela Merkel Has Completely Reversed Her Refugee Policies (Spiegel)

 

 

Make your own solar panels. What’s wrong with that?

Trump Makes First Big Trade Move With Tariffs Aimed At Asia (BBG)

President Donald Trump imposed tariffs on imported solar panels and washing machines, in his first major move to level a global playing field he says is tilted against American companies. The U.S. will impose new duties of as much as 30 percent on foreign-made solar equipment, the U.S. Trade Representative’s office said Monday. The president also approved tariffs starting as high as 50 percent on imported washing machines. Chinese and South Korean officials condemned the move, analysts said it could backfire, while markets largely shrugged it off. The tariffs were announced as Trump prepares to travel to the World Economic Forum in Davos, Switzerland, where the international business and political elite gather to mull the current state of the global order.

While the measures may sharpen the president’s “America First” policy after months of rhetoric and herald a hotter trade conflict with China, in Asia manufacturers and investors said the reality wasn’t as bad as they had feared. Investors “are used to bluff from Trump, which often turns out to be a non-event,” said Qiu Zhicheng at ICBC International Research in Hong Kong. “As long as the situation doesn’t escalate into a full-scale trade war, the market impact will be limited. We believe the two economies will stay rational, as a trade war would hurt both.” LG Electronics, a maker of domestic appliances, and South Korean solar panel makers fell initially in Seoul trading on the news before recovering. Samsung said the tariff on washing machines is a “great loss” for U.S. workers and consumers.

South Korea’s trade minister said Tuesday that his nation will file a petition with the World Trade Organization against the U.S. for imposing anti-dumping duties on Korean washing machine and solar panel makers. The U.S. decision is “excessive,” Kim Hyun-chong said. China exported more than 21 million washing machines worth just under 19 billion yuan ($2.9 billion) globally from January through November 2017, according to customs data. China is also the world’s largest exporter of solar panels.

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David knows his shutdowns.

The Shutdown Scam: The GOP Is Now The Second “Government Party” (Stockman)

Nowadays, government “shutdowns” are obviously not all that, and we do claim some expertise on the topic. Since 1975 there have been 14 shutdowns and we have had the privilege of being on-hand up close and personnel during 11 of these. Five shutdowns occurred while your editor was a member of the US House (1977-1981) and another six during his stint as director of OMB. The idea back then, needless to say, was that shutdowns came about mainly when anti-spenders refused to capitulate to the incessant demands of the swamp creatures for more appropriations, pork and graft.

[..] What is really happening, of course, is that the Trumpite/GOP is proving in spades that America is now saddled with two pro-government parties. This means a good shutdown is going to waste and that there is no stopping the fiscal doomsday machine that is now racing toward a national calamity, unimpeded. After all, the reason Washington is operating on its 3rd CR of the fiscal year and struggled a whole weekend to get a fourth one lasting a mere 16 days, lies in the utter irresponsibility of the Trump GOP approach to fiscal policy.

These clowns want to spend $120 billion on disaster relief without a single dime of off-setting cuts; raise defense by $80 billion when the Pentagon is already a $620 billion swamp of waste; appropriate $33 billion for an utterly idiotic Wall on the Mexican border when the problem could be solved by cancelling the $32 billion per year “War on Drugs” and putting up guest worker sign-up booths along the border; and authorizing tens of billions on top of that to pay for the backroom “deals” that were made in order to get the votes for a massive tax bill that not a single Senators or House member had read before it was ram-rodded into law by desperate GOP leaders on Christmas Eve.

So this shutdown is indeed different. Unlike the case back in the day, there is no fiscal red line whatsoever at issue; only a prospective eruption of more red ink and an interim game of political chicken about 700,000 Dreamers, who at the end of the day will not be deported and who will eventually get a path to citizenship. That’s because they, and millions of more immigrants to come, comprise the only available “growth” margin for the US work force in the decades ahead; and therefore constitute the next generation of Tax Mules which will be absolutely necessary to support today’s 50 million retirees. That is, as their population inexorably swells toward 100 million during the next four decades.

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Pressure on the FBI is set to increase tenfold.

Blow Back (Jim Kunstler)

On Sunday, the FBI revealed that it had lost five months of text messages between Trump antagonists Peter Strzok and Lisa Page. The agency offered a lame explanation that “software upgrades” and “misconfiguration issues” interfered with the app that is supposed to automatically save and archive communications between officials on FBI phones. This was the couple who chattered about an FBI-generated “insurance policy” for the outcome of the 2016 election with Deputy Director Andrew McCabe. When will these three be invited to testify before a house or senate committee to inform the nation exactly what the “insurance policy” was?

The bad odor at the FBI seeps into several other areas of misbehavior involving Hillary Clinton, her campaign, the Democratic National Committee (DNC), and members of the permanent Washington bureaucracy. Did the Obama White House use the Christopher Steele dossier, paid for by the Clinton Campaign, to obtain FISA warrants against her opponent in the election for the purpose of conducting electronic surveillance on him? Was the FBI abetting a Democratic Party coup to get rid of Trump by any means necessary once he got into office?

Did the FBI conduct a stupendously half-assed investigation into Hillary Clinton’s private email server by dismissing the charges before interviewing any of the principal characters involved, granting blanket immunities to Obama White House officials, and failing to secure computers that contained evidence? Does the FBI actually know what then Attorney General Loretta Lynch discussed with Bill Clinton in the parked airplane on the Phoenix tarmac? Did the FBI fail to investigate enormous contributions (roughly $150 million) to the Clinton Foundation after the Uranium One deal was signed? Did they look into any of the improprieties surrounding the DNC’s effort to nullify Bernie Sander’s primary campaign?

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Growth is God.

IMF Raises Global Growth Forecast, Sees Trump Tax Boost (R.)

The IMF on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world’s largest economy and help its main trading partners. However, the IMF, in an update of its World Economic Outlook, also added that U.S. growth would likely start weakening after 2022 as temporary spending incentives brought about by the tax cuts began to expire.\ The tax cuts would likely widen the U.S. current account deficit, strengthen the U.S. dollar and affect international investment flows, IMF chief economist Maurice Obstfeld said. “Political leaders and policymakers must stay mindful that the current economic momentum reflects a confluence of factors that is unlikely to last for long,” Obstfeld told reporters at the World Economic Forum in Davos.

He said economic gains from the tax cuts would be partially paid back later in the form of lower growth as temporary spending incentives, notably for investment, expired and as rising federal debt took a toll. IMF Managing Director Christine Lagarde pointed to a “troubling” increase in debt levels across many countries and warned policymakers against complacency, saying now was the time to address structural deficiencies in their economies. Obstfeld said a sudden rise in interest rates could lead to questions about the debt sustainability of some countries and lead to a disruptive correction in “elevated” equity prices.

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IMF wants their cake and eat it. They warn against the failure of their own policy recommendations.

IMF: Next Recession Will Come Sooner And Will Be Harder To Fight (EuA)

The global economy is growing faster than expected, fuelling CEO optimism as they arrive this week at the World Economic Forum (WEF) in Davos, Switzerland. But the IMFhas warned that the next crisis will hit sooner and harder that we thought. “In seed time learn, in harvest teach, in winter enjoy,” said IMF Managing Director Christine Lagarde, issuing a warning by quoting British poet William Blake to describe the state of mind of businessmen and politicians in the world. The global economy continues to beat previous forecasts. The Fund revised upward by 0.2% the growth expected for this year and next. In Europe, the IMF increased further its outlook by 0.3% in 2018 (2.2%) and in 2019 (2%). But “complacency is one of the risks we should go against”, Lagarde told reporters in Davos hours before the official opening of the WEF.

The economy is growing but not because countries have lifted their growth potential via investment in human capital or technology. Instead, reforms have been elusive and growth has benefited just the few that are on top of the pile. “We are not satisfied,” Lagarde insisted, because “too many people have been left out of the acceleration of growth”. Against the backdrop of fragile growth and outstanding challenges, including a high level of debt, the Fund’s chief economist, Maurice Obstfeld, stressed that “the next recession will come sooner and will be harder to fight”. He warned political leaders that the economic momentum is due to factors that are “unlikely to last for long”, including the monetary stimulus and supportive fiscal stance. For that reason, he urged countries to adopt measures aimed at improving the resilience of their societies in the fast-changing digital revolution and to improve the inclusiveness of their societies.

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Another huge surge in debt. Insane. But the only way to keep the zombie from dying.

Rising Interest Payments Matter (NMT)

Is anyone paying attention? I don’t know, but the cost of carrying debt has been rising and it’s already showing measurable impacts despite the Fed Funds rate still being very low. My concern of course is that the global debt construct will bring global growth to a screeching halt (see also The Debt Beneath). As the 10 year is already piercing above the 2.6% area now I want to pay attention to the data coming in as the Fed is dot plotting more rate hikes to come. After all the Fed has hiked 5 times off the bottom floor in the past 2 years:

Can we see any measurable impact? You bet we can. Here are personal interest payments for consumers:

Mind you we are still near the lows of the previous cycle and already total interest payments are near record highs. The driver of course is record consumer debt and credit card debt. But despite rates still being historically low this rise in interest rates has an impact on the consumer. Already we see this: “The big four US retail banks sustained a near 20 per cent jump in losses from credit cards in 2017, raising doubts about the ability of consumers to fuel economic expansion. “People are using their cards to get from pay cheque to pay cheque,” said Charles Peabody, managing director at the Washington-based investment group Compass Point. “There’s an underlying deterioration in the ability of the consumer to keep up with their debt service burden.” Recently disclosed results showed Citigroup, JPMorgan Chase, Bank of America and Wells Fargo took a combined $12.5bn hit from soured card loans last year, about $2bn more than a year ago.”

I repeat: “There’s an underlying deterioration in the ability of the consumer to keep up with their debt service burden.” [..] “Economists with Deutsche Bank expect the extra debt the Treasury must issue to fund President Donald Trump’s tax package and the amount of debt the Federal Reserve plans to redeem at maturity this year will bloat issuance to about $1tn in 2018. That’s up more than 50 per cent from a year earlier and, when coupled with a 30 per cent rise in the amount of corporate debt that’s due to mature, leaves questions of who the eventual buyer will be.“ A good question indeed. That’s a lot of debt issuance:

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2018 will be the year of the Brexit reversal.

UK Business Leaders Push For New Campaign To Reverse Brexit (G.)

Business leaders are privately pushing for a new campaign to reverse Brexit as concerns mount about the viability of government plans to prevent a collapse in exports to Europe. On Monday, the CBI launched its most sustained attack yet on the government’s Brexit strategy by calling for full customs union with the EU and single market participation, even if it means abandoning the pursuit of separate trade deals with the rest of the world. Behind the scenes, senior figures on the CBI policy council are urging the lobby group to toughen its message still further and spell out their belief that this logic should ultimately lead to a national rethink of the decision to leave the EU, perhaps through a second referendum or an election.

While this is not the CBI’s official position, the group says it has decided to speak out about the problems of the government’s approach to Brexit after “thousands of conversations” and workshops with its members over the past two to three months. “It’s not for us to say [whether to reverse Brexit], we are simply pointing out that you need single market access and you need a customs union,” said a spokesman. “If someone concludes that we therefore need to retest this, that’s a political decision, we are just being very practical about it.”

Government ministers reacted furiously to previews of the CBI’s evolving position over the weekend, which now directly challenges the British strategy of leaving the customs union so that new trade deals can be pursued outside a common tariff area. The CBI director general, Carolyn Fairbairn, told an audience at Warwick University on Monday: “There may come a day when the opportunity to fully set independent trade policies outweighs the value of a customs union with the EU; a day when investing in fast-growing economies elsewhere eclipses the value of frictionless trade in Europe. But that day hasn’t yet arrived.”

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The former government, to be exact.

Kim Dotcom Sues New Zealand Government For Billions in Damages (BBC)

Kim Dotcom, the founder of file-sharing site Megaupload, is suing the New Zealand government for billions of dollars in damages over his arrest in 2012. The internet entrepreneur is fighting extradition to the US to stand trial for copyright infringement and fraud. Mr Dotcom says an invalid arrest warrant negated all charges against him. He is seeking damages for destruction to his business and loss of reputation. Accountants calculate that the Megaupload group of companies would be worth $10bn (£7.2bn) today, had it not been shut down during the raid. As he was a 68% shareholder in the business, Mr Dotcom has asked for damages going up to $6.8bn. He is also considering taking similar action against the Hong Kong government.

As stated in documents filed with the High Court, Mr Dotcom is also seeking damages for: • all lost business opportunities since 2012 • his legal costs • loss of investments he made to the mansion he was renting • his lost opportunity to purchase the mansion • loss of reputation. “I cannot be expected to accept all the losses to myself and my family as a result of the action of the New Zealand government,” he told the BBC. “This should never have happened and they should have known better. And because they made a malicious mistake, there is now a damages case to be answered.” New Zealand Prime Minister Jacinda Ardern told Radio New Zealand: “This has obviously been an ongoing matter, so no it doesn’t surprise me.”

Mr Dotcom’s key argument over his extradition is the warrants used for the raid on his mansion and arrest in January 2012 were based on Section 131 of the 1994 Copyright Act of New Zealand. “Under the NZ copyright act, online copyright infringement is not a crime,” said Mr Dotcom. “92B of Section 131 – an amendment created by parliament in 2012 – prohibits any criminal sanction against an internet service provider in New Zealand. “In order for the US to be successful with an extradition, the allegation of the crimes that they are charging someone with also have to be a crime in the country from which they request the extradition.”

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We must find ways to protect Assange et al.

Ecuador’s Correa ‘Afraid for Julian Assange’s Safety’ (TeleSur)

Former Ecuadorean president Rafael Correa has warned that WikiLeaks founder Julian Assange’s days are numbered at the Ecuadorean Embassy in London. Correa, who gave Assange asylum back in 2012, said that he’s “afraid for Julian Assange’s safety” due to the new government´s actions with regards to his case. He said that he believes President Lenin Moreno is likely “take away the support” previously afforded to the anti-secrecy activist. “It will only take pressure from the United States to” withdraw protection for Assange and “surely it’s already being done, and maybe they await the results of the Feb. 4 (referendum) to make a decision,” said Correa, in an article published by AFP.

When asked does he have evidence to support his claim, Correa said it’s clear that Moreno “has no convictions, it’s clear that he has yielded to the usual powerbrokers” and will “soon enough yield regarding the question of Assange.” The 54-year old economist added that the ambassador for the United States was shamelessly interfering in Ecuador’s internal affairs, something “hadn’t occurred during ten years” of his government. Earlier this week Correa officially left the ruling PAIS Alliance, the leftist political movement he founded in 2006 and which he first rose to political prominence. Having referred to Moreno as a “traitor,” someone who has called for an “unconstitutional” referendum that could spell an end to “democracy,” Correa went on to say that “they can rob us of Alianza Pais, but never our will and convictions. Despite the pain, this only strengthens us.”

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In the future, Manus will be compared to Birkenau.

Australia Sends Dozens Of Refugees From Pacific Camps To US (AFP)

Dozens of refugees held for years in Australia’s remote Pacific detention camps departed for resettlement in the United States on Tuesday, asylum-seeker advocates said. The Sydney-based Refugee Action Coalition said 40 men flew out from Papua New Guinea’s capital Port Moresby under a deal struck by Australia with former US president Barack Obama but bitterly criticised by his successor Donald Trump. “It was a bitter-sweet moment for the refugees — who on the one hand, are happy to be gaining the freedom that Australia denied them more than four years ago; but on the other, they remain extremely concerned for those that are being left behind,” the advocacy group said in a statement.

The refugees, from camps on Manus Island, flew to Manila from where they will fly on to the US in different groups in the coming weeks before being resettled across the country, it said. The group released photos showing the refugees lining up before dawn to get on buses for the airport, then waiting at the gate to board their flight to Manila. Another 18 men were due to leave Port Moresby in the coming weeks, it said. [..] Canberra sends asylum-seekers who try to reach Australia by boat to detention camps in Manus and the Pacific island of Nauru under a tough policy designed to choke off the flow of refugees to the country. More than 1,000 still remain in limbo in the remote locations.

Canberra has strongly rejected calls to move the refugees to Australia and instead has tried to resettle them in third countries, including the United States. But until now only about 50 refugees have been sent to the US, under an agreement President Trump attacked after taking office as a “dumb deal”. The Refugee Action Coalition said a further 130 people on Nauru have been accepted by the US and are expected to depart next month.

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Merkel can’t take that she’s yesterday’s news.

Angela Merkel Has Completely Reversed Her Refugee Policies (Spiegel)

It’s no longer about people, it’s about a number. It’s about the number of refugees who come to Germany, not about the refugees themselves. The most recent number is 223,000: That’s how many asylum applications were submitted last year, a far cry from the 746,000 applications received in 2016. The new number is rather convenient for Angela Merkel in that it is extremely close to the upper limit of 220,000 that has found its way into the German chancellor’s preliminary coalition outline agreed to by Merkel’s conservatives and the center-left Social Democrats (SPD). This number is the expression of a political policy that has never been clearly verbalized and never been adequately explained. It is the expression of an about-face on refugee policy, away from open borders and toward harsh rejection.

Late in the summer of 2015, Merkel said that if Germany cannot show “a friendly face” in an emergency, “then it is not my county.” She kept the borders open to the incoming refugees, and much of the world was inspired by her humanitarian approach. Now, however, Germany is presenting a much less friendly face to the world. And the German chancellor has no country anymore. But that doesn’t seem to be bothering her. Indeed, her views would seem to have completely changed. In 2016, Merkel engineered a deal with Turkey on behalf of the European Union which essentially shut down the refugee route across the Aegean Sea from Turkey to Greece. She also agreed to demands from the conservative Christian Social Union (CSU), the Bavarian sister party to her own Christian Democrats (CDU), that an annual upper limit be established, though it isn’t allowed to be called an “upper limit.”

In the future, there is also to be a 1,000-per-month upper limit applied to family reunifications for most refugees. That is too low. The CDU and CSU are fond of emphasizing family values, yet they have joined forces to limit family reunification — even though it should be clear to everyone that men have the best chances at integration if they live here together with their families. But none of that matters anymore. The parties only care that the number is low. And SPD leaders are going along without complaint. That, too, is a disappointment.

Read more …

Mar 082017
 
 March 8, 2017  Posted by at 7:04 pm Finance Tagged with: , , , , , , , , , ,  20 Responses »


Pablo Picasso Girl Before A Mirror 1932

 

Obviously, like hopefully many people, I’ve been following the WikiLeaks CIA revelations, and closely. It’s too early for too many conclusions, if only because WikiLeaks has announced much more will flow from that same pipeline. But one thing is already clear: the CIA is -still- a club that sees enemies behind every tree, and behind every TV set too. Which is not as obvious a world view as it may seem; it’s just something we’ve become used to.

Moreover, as we see time and again, organizations like the CIA and NATO have no qualms about ‘creating’ enemies if they are in short supply. The flavor du jour has now been, for years, Russia, but don’t be surprised if another one is cultivated alongside it. ISIS, China, North Korea, plenty of options, and plenty of media more than willing to aid the cultivation process. It’s a well-oiled machine geared towards making something out of nothing, a machine very adept at making you believe anything it wants you to.

In this way, our friends can become our enemies, and our enemies our friends. What gets lost in translation is that this way in reality we become our own worst enemies. While the upper and most secretive layers of society, filled with folk of questionable psychological constitution -sociopaths and psychopaths-, get to chase their dreams of wealth and power, those who try to live normal decent lives are, for that very purpose, increasingly subjected to poverty, misery and fear. As our economies decline further, this will only get worse.

 

Who needs your -conscious- vote or voice if these can be easily manipulated? Or do you not think you’re being manipulated? How many of you, American or European, think Russia is an actual threat to you? I’m afraid by now there’s a majority on each continent who perceive Putin as an evil force. The president of a country that spends one-tenth on its military of what the US does. Trump’s announced military spending increase alone is almost as much as Russia spends in a whole year.

If Putin is really the threat he’s made out to be, to both Europe and the US, he must be extremely smart; merely devious wouldn’t do it. A man who can be an active threat to two entire continents and almost a billion people while spending a fraction on building that threat of what those he threatens do, must be a genius. Or the victim of media-politico manipulation.

But we don’t stop there. As the CIA spying and hacking files once again make abundantly clear, America increasingly seeks its enemies at home. This may be presented in the shape of Donald Trump, or terrorists on US soil, imported or not, but claiming that we can still tell a real threat from an invented one is no longer credible. We are led along on a propaganda leash 24/7, and the best thing about it is we believe we are not. That’s why it’s a good idea to pay close attention to what WikiLeaks is telling us.

The most extreme example of the political machinery turning our friends into enemies is probably right there, in the WikiLeaks and whistleblower corner of society. Earlier today I wrote:

The CIA spent a huge wad of taxpayer money on this, and then lost it all. It’s early days to say what this will mean for the agency’s abilities, and the nation’s safety, as well as that of American citizens, but it’s not good. Question is: who’s going to investigate how this could have happened? (Snowden and Kim Dotcom could)… And who’s going to repair the damage done? Anyone could be spying on your phone and your TV by now, not just the CIA -as if that wouldn’t be bad enough.

Then later I saw I wasn’t the only one who had thought of this:

 

 

Edward Snowden and Kim Dotcom and Julian Assange and Chelsea Manning are ‘the enemy’, so say our ‘leaders’. They have received this honorable label for exposing secrets these same leaders were trying to hide from us. Secrets most of us, if we think it over, would say should not be kept from us. The NSA spying on the American people, or the CIA turning your phones and TVs and cars into objects that can be used against you, these are things that don’t belong in our societies.

Still, as I’ve always said, if they can do it -from a technical point of view-, they will, damn the law. So we will have to make very sure the laws keep up with these developments, or we’re defenseless. The Obama administration hasn’t been much help with this, and the rest of Washington won’t be either, they’re not just part of the machine, they are the engine that drives the machine. Obama allegedly gave in to the CIA for fear of ending up like JFK and the rest, along with the press, is under control too.

So perhaps Trump is our best chance at putting a stop to this coup, this deep state, from taking over. If we still can. And for that we might well need Snowden and Dotcom and Assange, who are not the enemies they are made out to be, they are the smartest among us, or at least they belong right up there. And they are not only the smartest, they are the bravest too. Locking them up would be a huge disservice to our societies, it would be much better to ask them to help us figure out what game the hell is being played.

 

One thing the WikiLeaks files accomplished is they made and and all accusations of Russian hacking, and of links between Trump and Russia, utterly meaningless in one fell swoop. Because the CIA has acquired the capability, both through hacking Russian files and through coding, to leave ‘footprints’ that make it look like the Russians left them. And the only ‘proof’ there ever was for all these accusations was based on these footprints. That’s one narrative that must now be restarted from scratch -just one of many.

All we need now is for Trump to figure out who his enemies are, and who his friends. He already knows the CIA is not his friend, but has he figured out yet that the whistleblowers are not his enemy? And has his crew? Kim Dotcom is right, Trump is in real danger, he’s been watched, and being watched, 24/7. Whether Obama ordered that or not is not very relevant. There are more urgent matters at hand.

And somewhere along the way he’s going to have to figure out that chasing women and children around the country and out of it is not just ugly, it’ll cost him too much sympathy too. But so far all protests come from the Democrats and their supporters, who have all been left voiceless and shapeless by the election and now see their Russian conspiracy narratives blown to smithereens too, so why wouldn’t he please his own voters for a bit longer?

Well, for one thing, because he has to start to realize he’s going to need very broad support, and soon, be a president for all Americans so to speak, to fend off the CIA et al, and in what may be the hardest thing to do, he needs to invoke transparency, explain to people exactly what he does, and why, to drain the deep swamp.

If he fails in all this, and for now the odds point in that direction, those who protest him today will feel validated, right, and winners. They will be tragically wrong. Because if Trump loses this, the CIA wins. And then we will all live in 1984 for as far into the future as we can see.

I know there’s a lot that’s not to like about Trump and Bannon and all those guys. However, look at it this way: they are the only ones who can keep the doors of the vault from slamming shut for the rest of our lives, leaving time for y’all to wake up and find a president who doesn’t seek to turn your friends into your enemies. At least you’ll still have that choice.

With present-day Washington, Democrat or Republican, there’s no such choice. They’re CIA, as are the media. Kim Dotcom tweeted this too today: