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Debt Rattle October 25 2024

Oct 252024
 
 October 25, 2024  Posted by at 8:51 am Finance Tagged with: , , , , , , , ,  68 Responses »


Rembrandt van Rijn Study of the Head and Clasped Hands of a Young Man as Christ in Prayer 1655

 

• Harris Claims Trump Is Literally Hitler As Dems Enter Election Panic Mode (ZH)
• Dems: Trump Was Going To Be Hitler During His First Term, But He Forgot (BBee)
• Trump Responds To Harris Over Hitler Comment (RT)
• The Press and Pundits Face Devastating Polls on Threat to Democracy (Turley)
• Word Salad City (ZH)
• Kamala’s Inane Talking Points (Victor Davis Hanson)
• Why is Bill Gates Backing Kamala Harris Using Shady Super PAC? (Sp.)
• ‘No Justice In The West’ – Putin (RT)
• Russia To Seize Income From Frozen Western Assets – Finance Minister (RT)
• US Making ‘Big Mistake’ By Weaponizing Dollar – Putin (RT)
• West’s Belief It Can Defeat Russia ‘A Mere Illusion’ – Putin (RT)
• Seven NATO Members Against Ukraine Membership – Politico (RT)
• Is Western Civilizational Decline Too Advanced to Be Reversed? (PCR)
• EU President Likens Free Speech to Infectious Disease (Leake)
• F-35’s Ascent and Nosedive: Costliest Weapon in History Hits Fresh Turbulence (Sp.)
• Boeing Workers Reject Wage Deal To End Strike (RT)
• Fighting for More Evidence of Assange’s Political Prosecution (Lauria/Elmaazi)

 

 

 

 

CCR

 

 

Vessel
https://twitter.com/i/status/1849277732653355421

Trump ad
https://twitter.com/i/status/1849117459585925514

RFK

Kirk

ID

Baris

Slain soldier

Calley Means

10 days

Jack Smith

 

 

 

 

 

 

“Almost everyone expects a civil war to break out over the 2024 election. Trump was commenting on that possible scenario..”

• Harris Claims Trump Is Literally Hitler As Dems Enter Election Panic Mode (ZH)

No president should be trusted to operate outside the bounds of the US Constitution, this is a lesson that has been repeated on multiple occasions throughout American history. Each president should be held accountable for direct violations of their oath of office and each president should be scrutinized by the American public. With that ideal in mind, it’s interesting that the establishment has devoted so much time and energy to pursuing only one president in recent memory for supposed constitutional violations, and that man is Donald Trump. The numerous trespasses perpetrated by the Clintons, the Bush family, Barack Obama, and the Biden/Harris team have gone completely ignored. Why is it that they get a pass while Trump is placed under an electron microscope? Keep in mind, only a couple years ago the American public was embroiled in a life-or-death battle to stop their constitutional rights from being erased forever by the Biden Administration and their globalist handlers.

Biden’s vaccine passport efforts were particularly troubling; if they had been successful the Bill of Rights would be effectively dead and the federal government would have total control over every detail of civilian life. Good luck keeping a job, going to public places, keeping your kids and staying out of a covid camp should you refuse to take the latest mRNA booster shot. That’s the future Americans were facing under Biden/Harris and the Democrats. Covid hysteria and the government response is exactly what fascism looks like, and a large number of Democrats cheered for these policies. This is why the accusations by the political left calling Donal Trump “literal Hitler” ring rather hollow. They’ve been acting like authoritarians for the past four years they’ve been in power and the hypocrisy is steaming.

Kamala Harris recently held a press briefing to make a statement comparing Donald Trump to Adolf Hitler, an action which smacks of panic in the midst of polling numbers which increasingly show Trump winning by a landslide in November. In only two weeks, the Democrats face a conservative red wave the likes of which hasn’t been seen in decades. It’s obvious they’ve run out of ideas on how to counter this outcome. Harris’ accusation that Trump “wants generals like Hitler had” is based on a hearsay claim from Gen. John Kelly. This is the same man that Trump fired while in office for incompetence. The same man that claimed in 2023 that Trump called military casualties “suckers” and “losers”. There is no proof to verify any of Kelly’s assertions.

[..] It is true, though, that Trump suggested using the National Guard to stop leftist riots. Trump noted in an interview with Fox News’ Maria Bartiromo in an interview on “Sunday Morning Futures” that: “I think the bigger problem are the people from within. We have some very bad people. We have some sick people. Radical left lunatics…” “I think it should be very easily handled by, if necessary, by National Guard, or if really necessary, by the military, because they can’t let that happen…”

The corporate media has latched onto this narrative, suggesting that this is a precursor to a fascist future. But if one remembers back to the days of the BLM riots and burning cities, the idea of National Guard intervention makes perfect sense. Military intervention is another matter and it’s fair to debate such a premise. However, let’s not forget that there have been at least two separate and nearly successful assassination attempts against Trump by leftists (both donators to ActBlue). It’s not crazy to suggest that extreme violence on the part of the political left is possible in the event of a Trump win. They’ve proven capable of it on numerous occasions. Almost everyone expects a civil war to break out over the 2024 election. Trump was commenting on that possible scenario.

It’s also unlikely that Americans today are as willing to tolerate mass political violence from leftists the way they did four years ago. Trump addressing the issue bluntly is not an endorsement of Hitler or fascism, its a recognition of the instability of our times. The political left is well aware that they are likely to lose in November; they might be giving their devout followers the green light to become violent post-election using the Hitler narrative as a rationale. If Trump is “literally Hitler” then all violence is justified, is it not?

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“..Trump would have seized the military to install himself as Emperor God during his first term, but luckily he got distracted by making red hats.”

“Babylon Bee CEO Seth Dillon Explains the Challenges of Satire in Today’s Climate — ‘Imagine if Your Job is to Write Jokes That Are Funnier Than a Kamala Harris Speech'”.

• Dems: Trump Was Going To Be Hitler During His First Term, But He Forgot (BBee)

Democrats have warned that if elected a second time, Donald Trump will be an evil dictator just like Adolf Hitler. When asked why Trump didn’t become Hitler during his first term, Democrats explained that he simply forgot. “Trump meant to be Hitler, but he forgot,” explained Vice President Harris in a press conference at the White House. “Being Hitler just totally slipped his mind. Make no mistake, if Trump is elected again, he absolutely plans to turn into Hitler and probably will write himself a reminder this time.” According to retired General John Kelly, former President Trump often talked about how he kept meaning to find time to be Hitler, but he kept getting distracted by other things.

“On several occasions, Trump told me word for word, ‘This is it. This is the week I’m going to go be Hitler.’ But then, Trump would get started doing something like handing out candy to Minions and he would completely forget,” explained Kelly. “This time he has written himself lots of notes telling himself to not forget to turn into literal Hitler. It’s terrifying.” At publishing time, Democrats had warned that Trump would have seized the military to install himself as Emperor God during his first term, but luckily he got distracted by making red hats.

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“This is the type of disgusting rhetoric that led to two assassination attempts against President Trump..”

• Trump Responds To Harris Over Hitler Comment (RT)

The increasingly over-the-top rhetoric of US Vice President Kamala Harris proves she is losing and is unfit for the White House, Republican candidate Donald Trump has said. On Wednesday, Harris attacked Trump as a fascist, would-be dictator and admirer of Adolf Hitler, citing reports from Democrat-party linked media based on claims by his former chief of staff. The Atlantic magazine – owned by Democrat mega-donor Lauren Powell Jobs – published a story by Jeffrey Goldberg suggesting that Trump had expressed admiration for Hitler and his generals during his 2017-2021 term in the White House. Goldberg cited retired US Marine General John Kelly, who served as Trump’s second chief of staff, dredging up claims by two New York Times journalists from their 2022 book. Trump’s team have denied the allegations outright.

“Comrade Kamala Harris sees that she is losing, and losing badly, especially after stealing the Race from Crooked Joe Biden, so now she is increasingly raising her rhetoric, going so far as to call me Adolf Hitler, and anything else that comes to her warped mind,” Trump said on X on Thursday. “She is a Threat to Democracy, and not fit to be President of the United States — And her Polling so indicates!” he added. With less than two weeks to go before the November 5 election, both Harris and her running mate Tim Walz and Democrats in down-ballot races have seen their polling lead evaporate, while Trump and the Republicans have picked up steam. Harris then quoted Goldberg’s report to claim that Trump’s alleged admiration for Hitler was “deeply troubling and incredibly dangerous” and “a window into who Donald Trump really is.” Harris also accused her rival of having “vowed to be a dictator on day one and vowed to use the military as his personal militia to carry out his personal and political vendettas.”

Earlier this week, the Atlantic published another article comparing Trump to Hitler – as well as to Benito Mussolini and Joseph Stalin – written by Anne Applebaum, the wife of Polish Foreign Minister Radoslaw Sikorski. The Trump campaign dismissed Applebaum’s piece as “fake news by a third-rate media outlet.” They argued that Kelly “beclowned himself with these debunked stories he has fabricated” and accused Harris of spreading “outright lies and falsehoods” by treating Goldberg’s allegations as legitimate. “This is the type of disgusting rhetoric that led to two assassination attempts against President Trump,” the campaign wrote. Trump narrowly escaped death at a July 13 rally in Pennsylvania. Another would-be assassin, a pro-Ukrainian activist, was caught last month by the Secret Service lurking at Trump’s golf course in Florida.

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“..this would require federal judges to sign off on the rounding up of MSNBC personalities, all gay people, all reporters, and, of course, Whoopi Goldberg.”

• The Press and Pundits Face Devastating Polls on Threat to Democracy (Turley)

“Democracy dies in darkness” is the Washington Post’s slogan, but can it handle the light? The Post has been doggedly portraying the election between former President Donald Trump and Vice President Kamala Harris as a choice between tyranny (Trump) and democracy (Harris). Yet when it commissioned a poll on threats to democracy shortly before the election, it did not quite work out. Voters in swing states believe that Trump is more likely to protect democracy than Kamala Harris, who is running on a “save democracy” platform. The poll sampled 5,016 registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. When asked whether Trump or Harris “would do a better job” of “defending against threats to democracy,” 43% picked Trump while 40% picked Harris. Notably, this was the same result when President Biden was the nominee.

While over half said that threats to democracy were important to them, the voters trusted Trump (44%) more than Biden (33%) in protecting democracy. Even with the slight improvement for Harris, the result was crushing for not just many in the Harris campaign but the press and pundits who have been unrelenting in announcing the end of democracy if Harris is not elected. Former Rep. Liz Cheney (R-Wyo.) has declared with authority that either you vote for Harris, or this “may well be the last real vote you ever get to cast.” I have long criticized the apocalyptic, democracy-ending predictions of Biden, Harris and others as ignoring the safeguards in our system against authoritarian power. Nevertheless, Harris supporters have ratcheted up the rhetoric to a level of pure hysteria. Recently, Michael Cohen, a convicted felon and Trump’s disbarred former lawyer, told MSNBC that if Trump wins the election, he will “get rid of the judiciary and get rid of the Congress.”

Recently, MSNBC host Al Sharpton and regular Donny Deutsch warned viewers that they will likely be added to an enemies “list” for some type of roundup after a Trump election. MSNBC host Rachel Maddow also joined in the theme of a final stand before the gulag: “For that matter, what convinces you that these massive camps he’s planning are only for migrants? So, yes, I’m worried about me — but only as much as I’m worried about all of us.” Rep. Alexandria Ocasio-Cortez (D-NY) was quick to add her own name to a list that seems to be constantly updated by the media. She told podcast host Kara Swisher, “I mean, it sounds nuts, but I wouldn’t be surprised if this guy threw me in jail.” On ABC’s “The View,” the hosts are becoming indistinguishable from tinfoil-hatted subway prophets. Whoopi Goldberg even explained how Trump is already committed to being a dictator who will “put you people away … take all the journalists … take all the gay folks … move you all around and disappear you.”

Of course, assuming that Cohen is wrong that there will be no courts after a Trump victory, this would require federal judges to sign off on the rounding up of MSNBC personalities, all gay people, all reporters, and, of course, Whoopi Goldberg. All that is required is for over two centuries of constitutional order to fail suddenly, and for virtually every constitutional actor in our system to suddenly embrace tyranny. Those pushing this hysteria often curiously cite the January 6 riot as proof that the end is near. Yet that horrible day was the vindication, not the expiration, of our constitutional system. The system worked. The riot was put down. Congress, including Republicans, reassembled and certified Biden as the next president.

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“Voters asked direct question. Harris gave circular answers.”

• Word Salad City (ZH)

Kamala Harris’ completed another descending spin around her doom loop on Wednesday night: Lagging Trump in battleground states and therefore under pressure to increase her interactions with voters, she participated in a prime-time town hall that only further exposed her as one of the most superficial politicians of our time…with more poll damage sure to follow. The town hall was hosted by CNN and took place in Delaware County. Along with Chester, Bucks and Montgomery, it’s one of four Philadelphia “collar counties” that have traditionally played an outsize role in determining who wins Pennsylvania’s electoral votes. . You know things went bad when even the New York Times raked Harris over the coals for being evasive, saying: “Voters asked direct question. Harris gave circular answers.”

After the event, CNN’s Dana Bash said, “What I’m hearing from people who I’ve been talking to … if her goal was to close the deal, they’re not sure she did that.” Seasoned Democratic operative David Alexrod called out Harris’ signature flaw: “The things that would concern me is when she doesn’t want to answer a question, her habit is to kind of go to Word Salad City.” Harris’ worst sequence of the night came when host Anderson Cooper called out her flip-floppy hypocrisy on the issue of border security. Noting that Harris now supports a bill that would allocate $650 million toward a border wall, Cooper said, “Under Donald Trump, you criticized the wall more than 50 times. You called it stupid, useless and a ‘medieval vanity project.’ Is a border wall stupid?”

By this point, even Cooper had to wonder why he was even bothering to ask questions, given Harris’ refusal to answer them in any kind of straightforward way:

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“..only two criteria matter: Which candidate’s past record and current agenda best appeal to voters? And which candidate seems the most authentic and genuine?”

• Kamala’s Inane Talking Points (Victor Davis Hanson)

As Vice President Kamala Harris slips in the polls, the Democratic National Committee/Harris Campaign/mainstream media fusion talking points become even more absurd. Claiming that J.D. Vance and Donald Trump were “weird” did not work—especially given the genuinely odd behavior of vice presidential candidate Tim Walz and would-be First Gentleman Doug Emhoff. Nor was the next Harris meme convincing that the frenetic and non-stop Trump was somehow “exhausted,” “senile,” and “confused.” Voters know the workdays of the younger Harris are usually far shorter—or sometimes not workdays at all. But Harris also falsely claimed the physically and mentally challenged Biden was, in her words, “absolutely authoritative” and “very bold and vibrant.” Now Harris asserts that Trump is a “fascist,” a “dictator,” and “unfit” for office. But this new talking point will also not stop the Harris campaign’s hemorrhaging—and for a variety of reasons.

First, voters see the election as a conflict of two absolutely antithetical visions. On the one hand, is the prior Trump 2017-20 concrete record: border security, no major wars abroad, calm in the Middle East, a deterred Russia, Iran, and China, low inflation, low interest rates, lower crime, lower taxes, strong deterrent military—and opposition to mandatory electric vehicle mandates, biological males competing in women’s sports, and the woke/DEI agenda. On the other hand, is the Biden-Harris 2021-2024 record: the unchecked entry of 12-20 million illegal aliens and a destroyed border. People still struggle under Biden-Harris’s earlier hyperinflation and high interest rates. The horrific regional wars in Ukraine and the Middle East continue. Biden-Harris embraces the unpopular DEI/Woke agenda. Harris herself knows that the Biden-Harris years were a failure. That is why she has shed almost all of their hard left-wing agendas—policies she has embraced for much of her adult life.

So suddenly, in the last 90 or so days, Harris has completely flipped and flopped. Now she is for more of, not defunding, the police. She pivots for a secure border, not 20 million illegal aliens pouring across it. Harris brags about fossil fuel energy, not banning fracking, and for increasing, not cutting, defense. In fact, several endangered incumbent Democrat senators in swing states are claiming more allegiance to Trump’s issues than identifying with Harris and her unpopular record as vice president. Voters likely conclude that if Trump doubles down on his record, while even Harris and many senators temporarily piggyback on it, then it must be more effective and popular than Harris’s own. Second, Harris now claims Trump is a fascist and insurrectionist. But mouthing ad nausaem “January 6th” no longer persuades voters that Trump is a danger to anyone.

They recall that Harris bragged of the far more violent demonstrations of 2020—35 killed, $2 billion in damage, 1,500 law enforcement officers injured, 14,000 arrested—that the unrest would not and “should not” stop, while drumming up support to bail out jailed violent protestors. Nor does the slur that Trump is a fascist resonate. The Obama and Biden-Harris administrations weaponized the CIA and FBI to interfere in the 2016 and 2020 elections by peddling the fake Steele dossier and suppressing all the embarrassing news about Hunter Biden’s incriminating laptop. Trump certainly did not coordinate, as Biden did, with local, state, and federal prosecutors to wage lawfare prosecutions to destroy his political opponents. He did not use the FBI to partner with social media to suppress the news. Neither Trump nor his supporters tried to remove Biden from state ballots.

The Republican House majority did not impeach Biden twice despite the Biden family’s corruption and Joe Biden’s unlawful, decades-long removal of classified papers to several insecure private residences. Trump and the Republicans never coercively removed the party’s primary-winning nominee. They did not nullify the will of 14 million primary voters. And in backroom fashion, they did not anoint a candidate who had never entered a single primary in her life. Nor did Trump support packing the Supreme Court. He does not seek unconstitutional means of destroying the Electoral College. He is not demanding an end to the Senate filibuster or the creation of two new states to obtain four partisan senate seats. Third, as for Trump being “unfit” and lacking “decorum,” it depends on what were the Biden-Harris standards?

Having a trans activist reveal his breasts on camera at a White House “pride party?” Biden’s reportedly calling Israeli Prime Minister Benjamin Netanyahu “a f—ing idiot” and “son of a b—ch?” Bragging about locking Trump up, while waging lawfare against him? Unleashing son Hunter Biden with impunity to shake down foreign governments? The election will not be decided on these empty talking points or fake media-generated narratives. Instead, only two criteria matter: Which candidate’s past record and current agenda best appeal to voters? And which candidate seems the most authentic and genuine?

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“Gates enjoyed a profits bonanza off mRNA coronavirus vaccines mandated by the Biden administration…”

• Why is Bill Gates Backing Kamala Harris Using Shady Super PAC? (Sp.)

Tech billionaire, philanthropist and WEF cheerleader Bill Gates has given Kamala Harris’s campaign a $50 mln boost using dark money super PAC Future Forward. The donation was intended to remain secret, but was uncovered by NYT this week. Set up in 2018 by former Obama campaign staffers and coming out of left field in the final weeks of the 2020 race to fund a massive pro-Biden media blitz, Future Forward is a super political action committee funded mostly by Big Tech and venture capital firms, including Meta*, Google, disgraced crypto financier Sam Bankman-Fried, Bain Capital and Bridgewater Associates. The super PAC has raised a whopping $700 mln for the 2024 election cycle, rolling out $75 mln in pro-Harris ads last week. 2024 is at least the second election cycle where Gates has used a dark money vehicle to support the Democratic Party’s candidate.

In 2020, the Bill and Melinda Gates Foundation contributed nearly $70 mln to the New Venture Fund, a nonprofit belonging to DC consultancy Arabella Advisors, which bankrolls the Sixteen Thirty Fund, a goliath of undisclosed donations for Democratic politicians and liberal causes which raised nearly $390 mln four years ago. Publicly, Gates and his now former wife also gave $500,000 to Biden’s inaugural committee. Mr. Gates has been an active supporter of Democratic candidates since at least 2008, contributing financially to and praising the campaigns of Barack Obama and Hillary Clinton. Gates’ ties to the Clintons are deeply rooted, with the billionaire becoming a top donor to the Clinton Foundation, and forging partnerships with the organization for global projects since at least 2013. In a telling interview in 2016 in which he explained his preference for Clinton, Gates said “there have been questions about vaccines in general where some of the candidates have shown that they’re not as up to date about vaccines in general, and that’s got to be a concern.”

“Science in general, whether it’s GMOs or vaccines, there’s a lot of people out there who don’t give science the benefit of the doubt. In terms of experience, Hillary Clinton and Bill Clinton have more experience in global health,” Gates said at the time. With Harris’ presidential bid expected to broadly continue the Biden/Clinton line on foreign and domestic policy, it makes sense for Gates to throw his influence behind the VP, given the perceived threat of the Trump brand of red-pill MAGA Republicans and their anti-vax, anti-tech, and anti-interventionist leanings. “This election is different, with unprecedented significance for Americans and the most vulnerable people around the world,” Gates said this week after info about his $50 mln donation leaked out. “I think it’s great to have somebody who’s younger, who can think about things like AI and how we shape that in the right way, and I certainly offer up my opinions to the politicians who are interested,” Gates said this summer after Biden dropped out and named Harris his successor.

The Gates Foundation’s fortunes got a big boost under Biden, with its endowment growing from $69 bln in 2020 to $75.2 bln in 2023. Gates enjoyed a profits bonanza off mRNA coronavirus vaccines mandated by the Biden administration. In 2022, he sold off shares of BioNTech stocks he bought in 2019 as sales slowed. His foundation has also owned shares in Pfizer, CureVac and Vir Biotech going back to well before the pandemic. The billionaire’s foundation supports the Global Virome Project – an ambitious initiative created in 2018 to predict pathogens that could trigger lethal pandemics, but accused of weaponizing viruses from a network of 150 biolabs worldwide. Gates has also backed a broad array of World Economic Forum-affiliated initiatives, including projects to reduce emissions and create synthetic meat and dairy. In 2022, The Seattle Times revealed Gates’ secret lobbying to save Biden’s signature $2+ trln Build Back Better social and climate spending package.

Gates has also been a top backer of the Biden administration’s battle against media and online ‘misinformation’, with an explosive MintPress investigation from 2021 revealing that his foundation had bankrolled some $319 mln in media, including CNN, the BBC, Le Monde, the Financial Times, Der Spiegel and others to ensure favorable coverage of his agenda and that of his allies.

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“Is this just? There is no justice here,” Putin said. “We want to change this. And we will.”

• ‘No Justice In The West’ – Putin (RT)

Moscow has had enough of the West’s impunity and hypocrisy and intends to ensure that there is justice in the world again, Russian President Vladimir Putin has said. Putin spoke to journalists, including many from Western outlets, at the end of the BRICS summit in Kazan, Russia on Thursday. “Is it just to lie to our faces that NATO will not expand, and then [expand] it?” Putin asked BBC’s Steve Rosenberg, in response to his inquiry. “Is it fair to carry out a coup d’etat, spitting on all principles of law, and funding a coup in Ukraine?” he added, referring to the 2014 Maidan ‘revolution’ backed by Washington.

“Is this just? There is no justice here,” Putin said. “We want to change this. And we will.” The Russian president also dismissed as “nonsense” the claims that Moscow was somehow behind “mayhem” on British streets. Whatever may be happening in the UK is the result of London’s own policies, Putin said. The head of the British Security Service (MI5), Ken McCallum, claimed earlier this month that the UK support for Ukraine has made London a target of Russian propaganda and subterfuge, seeking more power and government funding to deal with the alleged threat.

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“..The US and its allies have blocked an estimated $300 billion in assets belonging to the Russian central bank..”

“..total foreign direct investments in the Russian economy by the EU, G7, Australia, and Switzerland amounted to $288 billion as of the end of 2022..”

It all adds up to zero AND you’re no longer the reserve currency. Well done.

• Russia To Seize Income From Frozen Western Assets – Finance Minister (RT)

Russia will respond in kind to the West’s use of the income generated by its frozen central-bank reserves, Finance Minister Anton Siluanov has said. The US and its allies have blocked an estimated $300 billion in assets belonging to the Russian central bank since the escalation of the Ukraine conflict in February 2022. The bulk of the funds, around €197 billion ($213 billion), are being held at the Brussels-based clearinghouse Euroclear. On Wednesday, Washington announced a decision to use the proceeds from the frozen assets to repay a multibillion-dollar loan to Kiev. “If Western countries have begun utilizing the income from the frozen Russian reserves, we will do exactly the same,” Siluanov told reporters on Thursday. “We have frozen money from ‘unfriendly’ companies and organizations. We keep this money in our accounts in the same way and will use the income from these assets similarly,” he elaborated.

The income from these funds will be allocated to “the needs of the economy, the needs of the constituent entities of the Russian Federation,” the minister added, noting that the corresponding decisions have already been made. The US said on Wednesday that it will provide Kiev with a $20 billion loan as part of a broader $50 billion G7 package. The use of windfall profits from the blocked Russian assets will provide Ukraine assistance “without burdening taxpayers,” US President Joe Biden stated. A day earlier, the European Parliament backed allocating a loan of up to €35 billion ($38 billion) for Kiev using the immobilized Russian assets as collateral for the repayments. According to Euroclear, the frozen funds had generated €3.4 billion ($3.6 billion) in interest as of mid-July.

Russia has repeatedly warned that seizing its assets would amount to “theft” and would violate international law and undermine reserve currencies, the global financial system, and the world economy. The International Monetary Fund has also been raising concerns that such actions could undermine trust in the Western financial system. Siluanov earlier warned that global players are closely following the story involving the Russian assets and are drawing their own conclusions. While the finance minister did not elaborate on the amount of Western assets currently held in Russia, previous calculations by RIA Novosti put the figure at roughly equal the size of the Russian funds frozen abroad. The news agency reported that total foreign direct investments in the Russian economy by the EU, G7, Australia, and Switzerland amounted to $288 billion as of the end of 2022.

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“Russia does not seek to drop the dollar or defeat it, but instead is being “prevented from working with it..”

• US Making ‘Big Mistake’ By Weaponizing Dollar – Putin (RT)

Weaponizing the US dollar is a big mistake, Russian President Vladimir Putin told a session at the BRICS Summit in Kazan on Wednesday. He made the remark following a harsh assessment on the currency’s use as a political tool by the New Development Bank’s (NDB) president, Dilma Rousseff. According to Rousseff, the global geopolitics is being adversely affected by the use of the US dollar “as a weapon to change the living conditions of the population.” The vast wave of sanctions against Russia have forced many Western companies from various industrial sectors including food, clothing, and car manufacturing to leave the country, and have severely restricted people’s ability to travel and make international bank transfers, she noted. Putin agreed with Rousseff’s assessment.

”Yes, indeed, we can see that this is true. In fact, I think it is a big mistake by those who do this. The dollar remains the most important instrument of world finance and using it as a means of achieving political goals undermines confidence in this currency and reduces its capabilities,” the Russian president said. Russia does not seek to drop the dollar or defeat it, but instead is being “prevented from working with it,” Putin added. “Then we are forced to look for other alternatives, which is what is happening.” Many Russian financial institutions were cut off from the Western financial system in 2022 in response to Russia’s military operation in Ukraine. As a result, Moscow has accelerated trade with international partners using their national currencies. The trend has been increasingly supported by BRICS members, which have shifted from using the dollar and euro for trade settlements.

In August, Russian Prime Minister Mikhail Mishustin said that over 95% of mutual settlements between Russia and its biggest trading partner, China, are carried out using the ruble or yuan. Putin previously stated that the use of local currencies instead of the dollar or euro “helps to keep economic development free from politics as far as possible in the context of today’s world.”

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“.. they don’t take into account the unity and the strength of spirit of Russians forged over the centuries..”

• West’s Belief It Can Defeat Russia ‘A Mere Illusion’ – Putin (RT)

The West is using Ukraine to threaten Russia’s security while believing in the “illusion” that it can inflict a strategic defeat on Moscow, Russian President Vladimir Putin has said. Speaking at the extended Outreach/BRICS Plus format session in Kazan on Thursday, Putin stated that the emergence of a “more just world order” is being hampered by “forces accustomed to thinking and acting in the logic of domination over everything and everyone.” According to Putin, the West’s “unlawful unilateral sanctions” and interference in the affairs of other countries under the pretense of “concern for democracy and human rights” are actively undermining regional and global strategic stability, as well as encouraging “interstate strife.”

Putin pointed to Ukraine as an example, stating that it is being used to “create critical threats to Russia’s security” while Moscow’s vital interests, as well as its “just concerns about the infringement on the rights of Russian-speaking people,” are being ignored. Kiev’s foreign backers “do not even hide any longer their goal of inflicting a strategic defeat on our country.” Putin said, adding that the West’s belief that it can achieve its goals is “a mere illusion.” “Only those who don’t know the history of Russia can believe in this, because they don’t take into account the unity and the strength of spirit of Russians forged over the centuries,” Putin stated.

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“..Kiev would become a part of the bloc later when certain conditions are met..”

• Seven NATO Members Against Ukraine Membership – Politico (RT)

A sizable group of NATO members led by the US and Germany are reluctant to extend an invitation to Ukraine anytime soon, Politico reported on Wednesday, citing sources. Last week, Ukraine’s Vladimir Zelensky presented his ‘victory plan’, which included a demand to be immediately invited into the US-led military bloc. However, the Politico article, citing four unnamed US and NATO officials, said that Berlin and Washington are “slow-walking” this request, adding that “key alliance members are worried about getting ensnared in a war with Russia.” US Ambassador to NATO Julianne Smith told Politico that the bloc “has not, to date, reached the point where it is prepared to offer membership or an invitation to Ukraine.”

Meanwhile, German Chancellor Olaf Scholz earlier said that it was his duty to prevent the Ukraine conflict from spiraling into a full-scale war between Russia and NATO, adding that Kiev would become a part of the bloc later when certain conditions are met. Hungary and Slovakia – which have been critical of the Western approach to the Ukraine conflict and have insisted on an immediate ceasefire – are two other holdouts. Politico described their leaders as following “a generally pro-Kremlin line.” Hungarian Prime Minister Viktor Orban called Zelensky’s plan outright “terrifying,” while his Slovak counterpart Robert Fico warned that Ukraine’s accession to NATO could lead to World War III.

Furthermore, one NATO official told Politico that “countries like Belgium, Slovenia or Spain are hiding behind the US and Germany” when it comes to the issue of Ukraine’s membership, describing them as “reluctant.” Another source noted that while those nations support Kiev’s NATO aspirations “in the abstract,” they would voice their opposition when push comes to shove. Russian President Vladimir Putin has said that Kiev’s desire to join NATO – which Moscow has described as an existential threat and an “enemy” – was one of the key reasons for the current conflict in the first place. Officials in Moscow have also said that Ukraine’s membership in the bloc “in any territorial form is absolutely unacceptable to Russia and cannot be part of any peace plans or mediation initiatives.”

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“..turning America into a Sodom and Gomorrah Tower of Babel..”

• Is Western Civilizational Decline Too Advanced to Be Reversed? (PCR)

Trump says he intends to make America great again, and his supporters believe him. I also believe it is Trump’s intent. The question is if there is enough left of America to restore. Trump, if he is careful about his appointments, could make a good stab at restoration: Robert Kennedy as the head of the Food and Drug Administration. General Flynn as head of the CIA. Elon Musk as Secretary of State. John Whitehead of the Rutherford Institute as Attorney General. Michael Hudson as Secretary of the Treasury. Edward Snowden as Director of the National Security Agency. A number of the police state agencies, such as Homeland Security, could be abolished. So, yes, in theory, Trump could have a go at restoring America. But is Trump capable of even imagining these appointments, and if so could he get them confirmed by the US Senate? I have no confidence that Trump would acquire the human capital his administration would need to do the job he has assigned to himself.

Perhaps his advisors again are serving the establishment, not Trump, telling him that he needs to moderate his attack on the establishment in order to make himself more acceptable to the ruling elite and less of a target for the presstitute media. This is how potential leaders are brought to heel. Among the problems Trump would face is the erosion of the US Constitution with Hillary Clinton, John Kerry, the Wall Street Journal editor, law school deans, and the Woke Left calling for the Constitution’s overthrow because the First Amendment prevents the Ruling Elite from controlling the population by controlling the narrative. The United States is the Constitution. Overthrowing the Constitution is the same as overthrowing the United States. It is treason. Would Trump’s Justice Department arrest these people for treason? The First Amendment prohibits the government from prohibiting the freedom of speech and guarantees the freedom of assembly.

These Constitutional Rights were violated by the Democrats who turned free speech and assembly into an “insurrection.” Democrats, led by the Jew Biden appointed as Attorney General and by the FBI director appointed by Trump, ruled that attending a rally to support a president constituted “insurrection.” One thousand American patriots who attended the Trump Rally are wasting away in prison for no other reason than law was used against them as a weapon. The destruction of the rule of law is the Democrats and the American left-wing’s main achievement. In “free America” law is no longer a shield of the people. Law is a weapon in the hands of those in power to decimate the political opposition. President Trump’s two loyal appointees–General Flynn and Steve Bannon–were both sentenced to prison. Another problem Trump would face is that the liberal-left have turned education into indoctrination. Education is no longer the function of American schools and universities.

Students are brainwashed that Western Civilization has no achievements except racism and exploitation of people of color, that whites are racists, that people can be born into the wrong bodies, that the Constitution is in the way of progress. The normalization of sexual perversity, the sexualization of young children, and open borders are turning America into a Sodom and Gomorrah Tower of Babel. This is the accomplishment of the Democrat Party and the liberal-left. So we have in America a system in which the rulers are aligned against America. America, with its Constitution, its separation of powers, its traditions, is in their way, as Hillary, John Kerry, the Wall Street Journal editor, CNN, and law school deans have made clear. One might think that Americans might notice that those who believe in America are being marginalized by those who believe in the Constitution’s overthrow.

There are some Americans who are beginning to realize that truth is being denied them, but are enough catching on in time to prevent the termination of their rights? When we witness the determined illegal persecution of truth-tellers such as Julian Assange, Edward Snowden, Reiner Fuellmich, and one thousand American patriots sent to prison by Democrats for protesting a stolen election, we find ourselves up against a government with a totalitarian agenda. The Republicans are doing nothing about this. What has the Republican Party done to ensure that the November election is not again stolen? In America today it is becoming a felony to even present evidence that an election ( “won” by Democrats ) was stolen. Some of the swing states in which elections are most often stolen by Democrats have not only legalized all of the theft mechanisms but also have made it a felony to challenge the vote count.

The question before us is what does an American election mean other than another stolen election? I agree with Elon Musk. If the Democrats are returned to power in 2024 there will never again be an honest American election. The odds are against the Democrats and the Ruling Elite permitting Trump to become President. If he prevails against the odds and regains the office, it is unlikely he will be staffed with sufficient determined and intelligent appointees to reverse American societal, economic, political, moral, and spiritual decline. Nevertheless, we must vote for Trump or never again will anyone challenge in our name the Ruling Elite’s control over our lives. Every future potential leader will know that Trump stood up to the elite but the people did not stand up for Trump, and they will dismiss the American people as a losing cause.

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“Ursula von der Leyen advocates “pre-bunking” in the public forum to “vaccinate” people against “disinformation.”

• EU President Likens Free Speech to Infectious Disease (Leake)

EU President Ursula von der Leyen just joined the ranks of former Senator John Kerry and other globalist ghouls in declaring war on free speech by perversely proclaiming that the EU citizenry needs to be “vaccinated against disinformation.” Like every censor in history, she characterizes her censorship program as a means of expunging erroneous information and ideas from public discourse. By using the word “disinformation,” she implies that she and her clique are already the sole possessors of the truth about everything, and that everyone who has and shares heterodox ideas is necessarily in error. Her entire premise is FALSE for the following reasons:

1). Knowledge about the world is constantly evolving through constant inquiry, discussion, and dissemination. Knowledge is NOT a static thing. This is why countries with stifling censorship regimes have experienced intellectual, scientific, and artistic stagnation. Their rulers try to freeze the human mind in its state at their moment in history.

2). NO state, university, or ecclesiastical committee has ever been in possession of the full truth of any matter. Official orthodoxies have always been challenged by heterodox thinkers. Indeed, virtually every major advance in human insight has been performed by heterodox thinkers.

3). As John Milton observed in his 1644 pamphlet, Areopagitica, contending with error is an intrinsic part of learning and discovery. We literally learn by making mistakes and correcting them. If free speech is suppressed for the objective of preventing the propagation of erroneous thought—or “vaccinating against it”—it will become extremely difficult if not impossible for people to learn and discover.

4). Without a single exception in history, the people who hold power always advocate the orthodoxy that sustains and extends their power and that of their friends and supporters.

Ursula von der Leyen is the quintessence of this principle. As president of the EU, she conducted secret negotiations with Pfizer CEO to purchase a 20 billion Euros of Pfizer’s fraudulent and dangerous vaccine so that it could be inflicted on all the citizens of the European Union. She is currently under criminal investigation for her conduct in this affair that has come to be known as Pfizergate. It takes a special kind of chutzpah for a powerful state official who is probably guilty of committing a major crime—a crime that has been systematically and ruthlessly concealed—to lecture the public about the need for censorship. The time has come for the citizens of Europe to rid themselves of Ursula von der Leyen and her clique of corrupt tyrants. To be sure, there is increasing evidence that the Biden Administration has been exerting pressure on Germany—which remains an American vassal state—and the EU to step up its censorship regime. I will cover this strange development in a subsequent post.

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“..faulty landing gear and vibrating fuel tubes, to fragile electro-optical targeting equipment, canopy delamination issues and weather sensitivity, engine heat issues adding to wear and tear, cabin over-pressurization, night vision problems, corrosion, radar reset issues, ejection seats which can snap pilots’ necks, and inability to fly in lightning..”

• F-35’s Ascent and Nosedive: Costliest Weapon in History Hits Fresh Turbulence (Sp.)

Conceived as the Pentagon’s next-gen do-it-all strike jet for the Air Force, Navy and Marine Corps, the F-35 has proved a budgetary nightmare, set to consume more resources than the GDP of a major G20 economy over its lifetime. The Lockheed Martin F-35 Lightning II fifth-gen supersonic stealth strike fighter just can’t seem to catch a break, with a new report released Monday by the Government Accountability Office finding the jet woefully below mission-ready status for six straight years – i.e. every year that the Congressional watchdog has conducted its reviews. The GAO blamed the readiness shortfall on “challenges with depot and organizational maintenance,” and over-reliance on contractors who essentially hold the Pentagon hostage with astronomical sustainment costs (which jumped from $1.1 trillion in FY2018 to $1.58 trillion in FY2023).

The Navy and Air Force are set to take control of sustainment to get a grip on the situation, but not until FY2027. The GAO estimates that only about 55% of the F-35’s three variants are mission ready at any given time, with mission readiness requiring the ability to “fly and perform at least one mission.” With a per unit cost of nearly $100 mln and a projected lifetime cost of over $2 trln, the F-35 program is by far the most expensive military project in history.
Lockheed proceeded with the F-35’s development by taking cues from the Yak-43/141 VTOL jet – a Soviet carrier strike aircraft project scrapped in 1991. The X-35 first flew in 2000, and the F-35A in 2006. But the F-35’s makers have proven unable to work out all the kinks in the plane, with the GAO issuing report after report citing hundreds of flaws, including mission critical defects which could injure or kill pilots, or otherwise jeopardize the aircraft’s safety.

These problems range from faulty landing gear and vibrating fuel tubes, to fragile electro-optical targeting equipment, canopy delamination issues and weather sensitivity, engine heat issues adding to wear and tear, cabin over-pressurization, night vision problems, corrosion, radar reset issues, ejection seats which can snap pilots’ necks, and inability to fly in lightning. To add insult to injury, all three of America’s major potential adversaries have reportedly found the means to nullify the F-35’s stealth advantage, with Russia, China and Iran announcing sophisticated radar technologies not only able to detect the F-35 at long ranges – but even identify the distinct radar signature of individual F-35 planes.

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” The strike has halted production of the best-selling 737 MAX and 767 and 777 wide-body models.”

Which were full of flaws.

• Boeing Workers Reject Wage Deal To End Strike (RT)

Boeing workers have rejected the US aerospace giant’s latest contract offer, extending a nearly six-week strike which has crippled the already struggling planemaker. Some 64% of workers voted to reject the new contract, the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing staff in Washington, Oregon and California, said on X (formerly Twitter) on Wednesday. “We remain on strike,” IAM District 751 President Jon Holden said after the votes were counted. “Our members deserve more and have spoken loudly.” The latest deal included a 35% wage increase over the four-year contract and a restoration of incentive bonuses, but did not reinstate the pension plan sought by many employees.

Workers with the IAM have been striking since September, when they overwhelmingly rejected Boeing’s previous offer of a 25% cumulative pay raise. Employees had initially sought a 40% pay increase, arguing that their wages had lagged behind inflation for years while the company spent millions of dollars on record executive bonuses. “After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resuming negotiations promptly,” leaders of the union said in a statement. “This is workplace democracy and also clear evidence that there are consequences when a company mistreats its workers year after year.” The strike has halted production of the best-selling 737 MAX and 767 and 777 wide-body models.

Earlier this month Boeing also announced plans to cut 17,000 jobs over the coming months, representing nearly 10% of its workforce, as the aerospace giant’s losses continue to mount. Boeing reported a $6.2 billion third quarter loss on Wednesday, largely due to costs associated with the strike. Days before the workers voted to extend the strike, Boeing announced that its 777X widebody aircraft will be postponed to 2026, nearly six years after the aircraft was due to reach customers. The embattled aviation giant has also been under increased scrutiny in recent years due to various flaws discovered in its aircraft, leading to safety concerns and investigations.

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“Don’t you dare get cold feet!!!”

• Fighting for More Evidence of Assange’s Political Prosecution (Lauria/Elmaazi)

A tribunal in Britain is set to decide whether to order the government’s Crown Prosecution Service (CPS) to prove it deleted emails that may have covered up more evidence of a politically motivated prosecution of Julian Assange. The three judges heard arguments on Sept. 24 in the nearly decade-long freedom of information saga regarding the emails that top British prosecutors say were deleted. They involved an exchange with Sweden during a Swedish prosecutor’s attempt, beginning in 2010, to extradite the WikiLeaks publisher from Britain. Assange was wanted in Sweden for questioning during a preliminary investigation into allegations of sexual assault, which was dropped three times, definitively in 2017. He was never charged. After losing his battle against extradition to Sweden at the U.K. Supreme Court, Assange took refuge in the Ecuadorian embassy in June 2012, fearing that Sweden would send him to the United States.

Assange spent seven years in the embassy protecting himself from arrest by British police until April 2019, when police dragged him from the diplomatic mission and threw him into London’s maximum security Belmarsh prison. It was only when the U.S. realized it would lose on appeal after a four-year extradition battle that the Department of Justice cut a plea deal with Assange who was released on June 24 and returned to his native Australia. Assange had been charged in the United States under the Espionage Act for possessing and publishing defense information, which revealed evidence of U.S. war crimes. Britain took an active role in Assange’s prosecution. Its Crown Prosecution Service sought to stop Sweden from going to the embassy to question him. Seeking to learn more about Britain’s role against Assange, Italian investigative journalist Stefania Maurizi first made a Freedom of Information Act (FOIA) request in 2015 for all emails between the British and Swedish governments concerning Assange.

Some of the emails she obtained showed political motivation on the part of the lead British prosecutor, Paul Close. One email Maurizi obtained from the Swedish Prosecution Authority (SPA) revealed that Close appeared to be pressuring Swedish prosecutors to continue seeking Assange’s extradition instead of dropping the case or questioning him at the Ecuadorian embassy, where Assange had been granted asylum. “My earlier advice remains, that in my view it would not be prudent for the Swedish authorities to try to interview the defendant [Julian Assange] in the UK,” Close wrote to the SPA, in 2011, according to one of the emails obtained by Maurizi. “Don’t you dare get cold feet!!!,” he wrote to Marianne Ny, Sweden’s director of public prosecutions, in 2012. A year after that, Close wrote, “Please do not think this case is being dealt with as just another extradition.” After Maurizi noticed a sizeable gap in the emails released to her she filed another FIOA seeking to obtain the missing emails.

The CPS first claimed that it had destroyed the emails. It said that when Close retired, his account along with his emails, were automatically destroyed. But Maurizi did not buy it. She asked the court at the hearing last month to order the CPS to turn over “metadata” — data about data, such as file creation and modification dates, email sender and recipient addresses, timestamps, email routing information, keywords, and subject lines — proving the emails really were deleted and when. “We have NO certainty whatsoever” that the emails were destroyed, Maurizi wrote in a message to Consortium News. Maurizi is in court because she believes the allegedly deleted emails could provide additional evidence of a politically motivated prosecution of Assange. She also wants metadata on a CPS document that it says is from 2012 explaining the CPS’ email deletion policy, which was only sent to her in 2023.

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https://twitter.com/i/status/1849481946994295174

 

 

 

 

 

 

Urbanism

 

 

Starship
https://twitter.com/i/status/1849381012146442723

 

 

Collie

 

 

Wood
https://twitter.com/i/status/1849322564264382794

 

 

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

 

 

 

 

 

Debt Rattle May 24 2023

May 242023
 
 May 24, 2023  Posted by at 8:45 am Finance Tagged with: , , , , , , , , ,  36 Responses »


Leonardo da Vinci Ginevra de’ Benci c. 1474-78

 

• ‘Counteroffensive’ Will Begin ‘Very Soon’ – Ukrainian Intelligence (RT)
• Ukraine Can’t Win Against Russia – Orban (RT)
• “Obvious” There Will Be “No Victory For The Poor Ukrainians”: Orban (ZH)
• US Must Make Security Deal With Russia – Hungary (RT)
• Orban Thinks NATO Reluctant To Deploy Own Troops To Ukraine (TASS)
• Kremlin Spokesman Sees No Prerequisites For Ukrainian Peace Process (TASS)
• Serb Leader Explains Why West Doesn’t Like Russia (RT)
• Russia Continues To Supply Gas To EU Via Ukraine – Gazprom (RT)
• Beijing Decries ‘Biggest Threat’ Label (RT)
• China Hopes World Adequately Immune From Debt-Driven US Finance Risks (TASS)
• Pentagon Loses A Million F-35 parts (RT)
• Pentagon Can’t Account For 1000s Of Ultra-Expensive F-35 Parts Globally (ZH)
• Why the Conspiracy Theory About Trump and Russia Won’t Go Away (Chris Hedges)
• Whistleblower Says DOJ Interference In Hunter Biden Probe Dates Back Years (JTN)
• First COVID Vaccine Injury Lawsuit in US Targets Gov’t, Social Media Giants (CHD)

 

 

 

 

FISA
https://twitter.com/i/status/1661035995553210370

 

 

 

 

No Ukraine

 

 

 

 

Minsk 2019

 

 


M2 data was released today — it is down -4.63% since last year, the fastest pace of money supply destruction since January 1933. The Fed eased at 100 mph, now it is slamming on the brakes and credit markets are about to fly through the windshield.

 

 

Vladimir Putin : For 9 years, the enemy has been waging war against our people. We are told that Russia started the war. No, Russia, with the help of the SMO, is trying to stop this war against our people, who, due to historical injustice, found themselves outside the borders of our Motherland

 

 

 

 

Zero chance of winning, 100% chance of killing more young Ukrainians. No able bodies will be left to rebuild what’s left of the nation after Russia and Poland take their parts. Halliburton will have to come in to do the rebuilding. If Russia lets them.

They’re going to fire missiles into Crimea. The US just gave them the go-ahead..

• ‘Counteroffensive’ Will Begin ‘Very Soon’ – Ukrainian Intelligence (RT)

Ukraine has the weapons it needs to start its much-anticipated “counteroffensive,” but actually defeating Russia will require more, the head of Ukraine’s Main Intelligence Directorate (GUR), Kirill Budanov, said in an interview on Tuesday. “We already have the necessary minimum of weapons” for the attack, Budanov told the Japanese state broadcaster NHK. “I can only say that it will begin soon.” To successfully pursue a long campaign against Russia, however, Ukraine needs even more, according to Budanov. “We need a large stockpile of weapons and ammunition to successfully continue the operation,” he said. “We need more weapons. We need fighter jets. I hope the international community is ready to really help Ukraine.”

Kiev’s top spy added that he would pay close attention to the progress of military aid from the West after the G-7 summit in Hiroshima, where President Vladimir Zelensky made an appearance as a surprise guest. Over the weekend, Zelensky acknowledged the loss of the Donbass fortress of Bakhmut, known by Russians as Artyomovsk. Kiev responded by launching a raid into Russia’s Belgorod Region, which garnered a lot of social media attention but achieved nothing of military importance. Zelensky has assured his Western backers that the long-anticipated “counteroffensive” would be launched as soon as Kiev had accumulated the minimum of weapons and ammunition necessary for the effort, and that Ukraine needed just a bit more time.

Foreign Minister Dmitry Kuleba has sought to manage expectations as well. Last week, Financial Times reported that Kiev has about “five months” to impress Washington, at which point President Joe Biden’s government will be under too much pressure to negotiate. Multiple Western outlets and experts have warned that Russia’s air campaign targeting Ukrainian supply depots and troop concentrations has already affected the planned offensive, going so far as to describe it as a “game changer.” Budanov waved off the campaign by telling NHK that Kiev had shot down 90% of the incoming missiles. He did not comment on last week’s destruction of the US-supplied Patriot air defense system in Kiev.

Sullivan

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Some partially overlapping articles today. First, on Orban’s speech in Qatar. Later, on Lockheed and the Pentagon working together to fleece the taxpayer.

“Emotionally, it’s tragic, all of our hearts are with the Ukrainians. But I’m speaking as a politician who should save lives..”

• Ukraine Can’t Win Against Russia – Orban (RT)

It’s “obvious” that Kiev can’t win the war against Moscow, Hungarian Prime Minister Viktor Orban has said, urging for a diplomatic solution to the crisis instead of the West continuing to pour military aid into Ukraine. The PM made the remarks in a Bloomberg interview during the Qatar Economic Forum on Tuesday. “Emotionally, it’s tragic, all of our hearts are with the Ukrainians. But I’m speaking as a politician who should save lives,” Orban stated, noting that Hungary views the ongoing hostilities from a “special angle” that differs from the “mainstream” European position. Hungary itself is “losing lives” daily as well due to the conflict, Orban explained, referring to members of Ukraine’s Hungarian ethnic minority that have been “conscripted” to fight Russia.

He abstained from condemning Moscow for the “invasion” of Ukraine, stating only that the hostilities were due to a major failure in diplomacy. “[The] position of Hungary was, from the very first moment, that this war is the failure of diplomacy, it should have never happened,” Orban stated. “For us it’s obvious that the battlefield solution does not work.” Pressed further on whether, in his opinion, Kiev was able to win the conflict, Orban replied that the course of the hostilities had clearly shown it “obviously” was not possible. The PM also implied neither side could actually win the conflict, adding that it can only end in a “ceasefire” followed by peace talks. “My position is that, looking at the reality, looking at the figures, looking at the surroundings, looking at the fact that NATO is not ready to send troops, it’s obvious that there’s no victory for the poor Ukrainians on the battlefield.”

Orban’s remarks come as Hungary has opted to block a new €500 million ($544 million) military aid package from the EU’s so-called European Peace Facility (EPF). The fund – which is designed to reimburse the bloc’s own members to send arms and equipment overseas, as well as to finance foreign militaries directly – has been used almost exclusively to pour weaponry into Ukraine. Hungary has taken a neutral stance on the ongoing hostilities between Russia and Ukraine, consistently refusing to provide military aid to Kiev or even allow the transport of military shipments through its territory. Budapest has also opposed the EU’s anti-Russian sanctions, particularly those that would have damaged the country’s own economy, including its nuclear and conventional energy sectors.

Ritter
https://twitter.com/i/status/1661168351635226624

Read more …

“The war can be stopped only if the Russians can make an agreement with the US. In Europe, we are not happy with that, but it’s the only way out.”

• “Obvious” There Will Be “No Victory For The Poor Ukrainians”: Orban (ZH)

Hungarian Prime Minister Viktor Orban has once again spoken the quiet part out loud, as he continues to be a thorn in the side of NATO and the EU regarding continually escalating arms deliveries to Ukraine, with F-16 fighter jets poised to be delivered to Kiev in the near future. The first day of the annual Qatar Economic Forum (QEF) included a speech and on-stage interview by Orban wherein he bluntly stated that Ukraine can’t win the war against Russia, short of NATO directly sending troops – which it isn’t willing to do, and which Hungary stands against. He also reminded the West that the Hungarian government isn’t part of the “mainstream” European Union approach to the war, but has pursued attempts at peaceful negotiations.

“The only solution is ceasefire, and then after the ceasefire, peace talks should start,” he said. He explained this is the only path forward given Kiev can’t win. As Bloomberg reports, “Hungary was in talks with Qatar to buy gas in an effort to reduce its reliance on Russia for energy and for help to buy Budapest airport,” according to Orban’s words. He had been pressed over the question of Hungary blocking more defense aid to Ukraine, and in that context asserted that ultimately Russia and the US must make a deal to end the war, which is “the only way out”: “Looking at the reality, the figures, the surroundings, the fact that NATO is not ready to send troops, it is obvious that there is no victory for the poor Ukrainians on the battlefield. That’s my position,” he said, offering an outlook few European leaders would publicly agree with, given their solidarity with Kyiv.

“The war can be stopped only if the Russians can make an agreement with the US. In Europe, we are not happy with that, but it’s the only way out.” His assessment, which is likely going to be deeply unpopular and somewhat divisive in terms of public reception, comes just on the heels of the weekend Russian capture of Bakhmut, which was announced by Wagner Group raising the Russian flag over the strategic city. Despite initial Ukrainian officials rejecting that Bakhmut had fallen, at this point there’s widespread acknowledgement both in international press reports and among Western officials that Russia exercises effective control of the city. Wagner is due to hand captured territory over to regular Russian military forces by June 1.

https://twitter.com/i/status/1660962012141174784

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“Orban has repeatedly accused EU leaders of serving American, rather than European, interests by continuing to bankroll Kiev..”

• US Must Make Security Deal With Russia – Hungary (RT)

An agreement between the US and Russia is the only thing that can end the conflict in Ukraine, Hungarian Prime Minister Viktor Orban stated on Monday. Orban has repeatedly accused EU leaders of serving American, rather than European, interests by continuing to bankroll Kiev. Speaking at the Qatar Economic Forum in Doha on Tuesday, Orban reiterated his position that Ukraine cannot win on the battlefield, and that Kiev and its Western backers must pursue peace talks with Russia. “First we should have a ceasefire,” he said. “Then let’s talk about the new security architecture of the European continent.” “The only peace agreement that could close this whole conflict is if it is between Russia and the United States,” he elaborated.

“What is at stake is the future security of Europe. It’s obvious that without the US there is no security architecture for Europe, and now the war can only be stopped if the Russians can make an agreement with the United States.” “As a European I am not happy with that,” he added. “But this is the only way out.” Throughout the conflict, Orban has repeatedly spoken out against the West’s twin policies of military aid to Kiev and sanctions on Moscow, arguing that the former risks escalating the conflict to a global war and the latter harms Europe’s economy more than Russia’s. The Hungarian prime minister has also argued that only Washington has the power to pressure Kiev into peace talks, and that decisions made in Brussels “reflect American interests more often than European ones.”

With the US dragging Europe into a conflict it cannot win, Orban has suggested that “the solution would be a European NATO” without the US as a member. Hungary is currently blocking a €500 million ($540 million) EU military aid package for Ukraine. Apart from his long-standing opposition to escalating the conflict, Orban cited Ukraine’s sanctioning of a Hungarian bank as a reason for the hold up. “If a country like Ukraine would like to get our financial support, they can’t put our companies on a blacklist,” he said on Tuesday. “If you need our money, please respect us.”

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“We must think of how to save people’s lives. This is my position,” Orban asserted.”

• Orban Thinks NATO Reluctant To Deploy Own Troops To Ukraine (TASS)

Ukraine will not be able to prevail in the conflict with Russia, Hungarian Prime Minister Viktor Orban said on Tuesday, noting an unwillingness by NATO to deploy alliance troops to Ukraine and urging that a peaceful settlement be reached as soon as possible. Addressing a public debate at the Qatar Economic Forum in Doha on Tuesday, the head of Hungary’s government said, “If you look at how things stand in reality, at the figures, the situation in general, and the fact that NATO is reluctant to send its troops [to Ukraine], you will clearly see that the Ukrainians will be unable to win a victory on the battlefield.” His comment came in response to a question about whether he actually thinks that Ukraine stands no chance of success.


Orban’s speech in Doha, in essence, morphed into an interview with the forum’s moderator and was streamed live on the Hungarian government’s page on Facebook (prohibited in Russia due to its ownership by Meta, which has been designated as an extremist organization). When asked about the conflict in Ukraine, the Hungarian prime minister reiterated that Budapest has favored a peaceful solution from the very start of the conflict while consistently calling for an immediate ceasefire. “We must think of how to save people’s lives. This is my position,” Orban asserted.

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Talking to Zelensky is no use to begin with.

• Kremlin Spokesman Sees No Prerequisites For Ukrainian Peace Process (TASS)

It would be too early to speak about a peaceful solution of the Ukrainian conflict because no prerequisites for this scenario are currently in place, Kremlin spokesman Dmitry Peskov has told TASS in an interview. When asked which one of various reconciliation plans, put forward by other countries, would be preferable for Russia and whether Moscow has its own variant, the Kremlin press secretary replied: “It is too early to speak about it. No prerequisites for a peace process are yet in place, evidently.” “The special military operation continues,” he added. Answering to a question of whether the Kremlin was ready to negotiate with anyone from the incumbent Kiev government, Peskov replied: “This is hardly possible, because any negotiations with Russia are prohibited [in Ukraine].” Last October, Ukrainian President Vladimir Zelensky issued a decree banning any talks with Moscow stating that he was not interested in interacting with his Russian counterpart Vladimir Putin.

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Not “the”, but “a” Serb leader, the president of Republika Srpska, Milorad Dodik. He met with Putin yesterday.

• Serb Leader Explains Why West Doesn’t Like Russia (RT)

Russia has fallen out of grace with the West because it wouldn’t play ball with Europe any longer when it comes to supplying the continent with cheap gas, the president of Republika Srpska, Milorad Dodik, said in an interview released on Monday ahead of a meeting with President Vladimir Putin. Speaking to Russia’s NTV channel, Dodik, who heads one of the regions within Bosnia and Herzegovina that is predominantly populated by Serbs, offered his take on the ongoing Ukraine conflict. He said that “the Russians have been giving cheap gas to Europe and Germany for an unreasonably long time, for years, strengthening their economy.”

“Of course, the West doesn’t like [Russian President Vladimir] Putin. How could they like him when he doesn’t give them resources?” he said, adding that the international community should “respect” Russia and understand the role it plays globally. Against this backdrop, Dodik noted that when the hostilities between Moscow and Kiev started over a year ago, Berlin was willing to deliver “only helmets” to Ukraine, but ended up sending Kiev Leopard main battle tanks. “Why should we believe in their good intentions now?” he asked. Dodik went on to point out that while the West is trying to portray itself as a “defender of ordinary people in Ukraine,” it never really cared to protect the population in countries such as Syria, Libya or Yugoslavia. The latter came under “baseless” air strikes conducted by Western countries themselves, he claimed.


Dodik’s remarks come after he held a meeting with Russian Security Council Secretary Nikolay Patrushev in Moscow, during which the two discussed regional security. According to the Serb leader, he also informed Patrushev of the challenging conditions Republika Srpska has found itself in due to Western pressure over its refusal to join the sanctions against Russia. Meanwhile, the Republika Srpska leader, who has long promoted his region’s independence, was himself hit by US sanctions in 2017 after Washington accused him of obstructing the 1995 Dayton Accords, which put an end to the civil war in Bosnia and Herzegovina. On Tuesday, Dodik is set to sit down with Putin in Moscow, with the agenda expected to revolve around economic cooperation, according to Republika Srpska officials. Dodik said he planned to discuss with the Russian leader “how the world would look in the future.”

Read more …

And Ukraine continues to be paid.

• Russia Continues To Supply Gas To EU Via Ukraine – Gazprom (RT)

Russian energy giant Gazprom continues to supply gas for transit to Western and Central Europe through Ukrainian territory via the Sudzha gas pumping station in amounts approved by Ukraine, the company said on Tuesday. Supplies rose to 41.2 million cubic meters (mcm) on May 23, compared to 40.9 mcm pumped the previous day through the Sudzha entry point, which remains the only operating interconnector in Ukraine. “Gazprom supplies Russian gas for transit through the territory of Ukraine in the amount confirmed by the Ukrainian side through the Sudzha… Application for ‘Sokhranovka’ was rejected,” Gazprom spokesperson Sergey Kupriyanov told reporters.


Ukraine shut down transit through the Sokhranovka station, a key gas transit route which handled around a third of the Russian gas flowing through the country to the EU, in early May, citing “interference by the occupying forces.” Russian gas deliveries to the EU via Ukraine were slashed last May in the aftermath of the bloc’s sweeping sanctions, with shipments plunging to 24 mcm in January this year. Since February, however, daily transit volumes have been gradually increasing. Gas transit through Ukraine remains the only route for Russian supplies to the countries of Western and Central Europe after sabotage attacks in September rendered the Nord Stream pipeline inoperable. Gazprom also exports gas via the TurkStream and Blue Stream pipelines to Southern and Southeastern Europe.

Read more …

“If China is a threat, then what are some G7 members that go for wars on sovereign states, overthrow legitimate foreign governments, exit multilateral treaties and coerce other countries to sever supply chains?”

• Beijing Decries ‘Biggest Threat’ Label (RT)

The G7 countries will not be able to trick the world into believing that Beijing is undermining global stability, Chinese foreign ministry spokeswoman Hua Chunying said on Monday. In a series of posts on Twitter, Hua blasted such a stance, writing: “Some G7 members called China ‘the biggest threat to global security and prosperity’. Seriously?” She was apparently referring to remarks by British Prime Minister Rishi Sunak, who said during the group’s summit in Hiroshima, Japan, that “China poses the greatest challenge to global security and prosperity in our time,” as he called for decreasing dependence on Chinese supply chains. He added that the UK and G7 were taking steps to prevent Beijing from using “economic coercion to interfere in the sovereign affairs of others.”

“If China is a threat, then what are some G7 members that go for wars on sovereign states, overthrow legitimate foreign governments, exit multilateral treaties and coerce other countries to sever supply chains?” Hua asked. The spokeswoman went on to emphasize China’s place as “the No.1 engine of global economy,” and that Beijing was contributing to global growth more than all G7 members combined while being the second largest donor to UN peacekeeping funding. “The real world will not be brainwashed and fooled,” she said. Sunak’s rebuke of China appeared to be much tougher than G7 joint communique outlining challenges posed by Beijing.

The group’s members, in particular, insisted that they are “prepared to build constructive and stable relations with China,” adding that “we are not decoupling or turning inwards” when it comes to economic ties with the Asian giant. However, the G7 stressed the need for what it called “de-risking and diversifying” and reducing “excessive dependencies in our critical supply chains.” The group also scolded Beijing for “non-market policies and practices, which distort the global economy,” vowing to build resistance to what it termed economic coercion. China’s foreign ministry was not convinced, however, stating that “massive unilateral sanctions and acts of ‘decoupling’… make the US the real coercer” while urging the G7 not to become Washington’s “accomplice” in this regard.

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“Beijing also hopes that “the United States will refrain from harvesting yields around the globe in order to protect its own interests..”

• China Hopes World Adequately Immune From Debt-Driven US Finance Risks (TASS)

China has expressed the hope that the United States, as the world’s largest economy, will not attempt to shift its financial risks onto the international community, Chinese Foreign Ministry Spokesperson Mao Ning said at a news briefing on Tuesday. “The debt issue is an internal affair of the United States, but given that [the US is] the world’s largest economy, their own situation and political decisions may have critical knock-on effects for the global economy,” Mao said, when asked by a TASS reporter to comment on the ongoing political debate in Washington over raising the US debt ceiling. “Hopefully, the United States will maintain a responsible fiscal and monetary policy and will not shift US risks onto the entire world,” she added. Beijing also hopes that “the United States will refrain from harvesting yields around the globe in order to protect its own interests,” the Chinese diplomat said.


The Global Times reported in March that, as of late January, China was the second largest foreign holder of US debt ($843.7 billion), trailing only Japan, which holds $1.104 trillion in US government securities. The publication mentioned that China has been reducing its holdings of US government debt in recent years. The US government may find itself unable to meet all of its obligations unless Congress agrees to raise the debt ceiling later this month, with technical default otherwise occurring “potentially as early as June 1,” US Treasury Secretary Janet Yellen warned on Monday. Unless a bipartisan compromise on the debt ceiling is hammered out on Capitol Hill in time, she has repeatedly warned, the country may default, which would lead to an “economic and financial catastrophe” for the US that would reverberate across the global economy.

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Two articles on the same topic that -only- partically overlap.

“Only about 30% of America’s F-35 fleet is “fully mission capable” on any given day.”

• Pentagon Loses A Million F-35 parts (RT)

The US Department of Defense (DOD) has been unable to account for about 1 million missing spare parts for its F-35 Lightning II fighter jet, the costliest weapon system in the nation’s history, a government review has found. The lost parts, which include such items as bolts, tires, and landing gear, are valued at about $85 million, the Government Accountability Office (GAO) reported on Tuesday. Since 2018, the Pentagon has reviewed the circumstances surrounding only 2% of identified parts losses. “Without DOD taking steps to ensure that these spare parts are accountable under a contract, the F-35 Joint Program Office (JPO) will be unable to either gain or maintain accountability over these spare parts and will not have data, such as locations, costs, and quantities, needed for financial reporting or to ensure that government interests are protected,” the GAO said.

The spare parts are stored around the world for use on the F-35 by the US military and allied nations that have purchased the aircraft, which is made by defense contractor Lockheed Martin. Because the Pentagon’s F-35 JPO lacks a process for tracking losses, Lockheed Martin hasn’t reported on over 900,000 additional spare parts valued at more than $66 million for review, the GAO said. The GAO’s report marks just the latest black eye for the $1.7 trillion F-35 program, which has been plagued by reliability struggles, including an issue with engine vibration that led to a global recall order in March. Only about 30% of America’s F-35 fleet is “fully mission capable” on any given day. US Air Force Lieutenant General Michael Schmidt warned last month that a thin supply of spare parts could jeopardize the ability of American forces to keep the aircraft in service during the country’s next major war.

The GAO report blamed the parts losses partly on the Pentagon’s failure to oversee components that are owned by the DOD and managed by contractors. DOD officials and the contractors haven’t reached an agreement on whether the parts should be categorized as government-furnished property, which hinders the processing of lost inventories. As of last October, the Pentagon had over 19,000 spare parts globally that had been awaiting disposition instructions from the F-35 JPO – for as long as five years in some cases. The GAO said the DOD agreed with its four recommendations on beefing up accounting for the parts pool.

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This is Lockheed’s business model. Nothing is audited, nobody knows where all the parts are, so they have to order again.

• Pentagon Can’t Account For 1000s Of Ultra-Expensive F-35 Parts Globally (ZH)

Just three weeks ago Defense News published an extensive investigative report which posed the question in its headline, Lockheed eyes new F-35 parts deal, but can it handle wartime demands? The report introduced: By the end of the year, a new and unusual deal for the F-35 fighter’s spare parts could be in place — one that would flip the current supply model on its head. If the proposed performance-based logistics contract works the way F-35 manufacturer Lockheed Martin has promised, it will save the government money, improve the availability of spare parts and give the company greater flexibility on how it assists repairs, such as making it easier to fix a broken part without fabricating a new one. Fast-forward to Tuesday, and the congressional watchdog Government Accountability Office (GOA) released a devastating report which reveals the entire question of “saving the government money” to be laughable and way off.

Bloomberg writes based on the new GOA findings that “The Pentagon can’t account for hundreds of thousands of spare parts worth millions of dollars that are stored worldwide for the US and allies for its costliest weapon, the F-35 jet, according to congressional auditors.” So perhaps the Pentagon should think about simply locating the missing ones first before a giant Lockheed parts overhaul is put into place. Even long before this, going years back, the controversial program to develop the ultra-costly stealth multirole combat aircraft produced periodic headlines like the following in 2020: The Pentagon’s $35 Trillion Accounting Black Hole. The fact that the Department of Defense has failed to pass a DOD-wide audit for the fifth consecutive year has compounded the problem which has been months or years in the making, to the tune of billions lost – which could eventually add up to a one-and-a-half trillion dollars black hole.

This as the GOA report has confirmed the Pentagon’s F-35 program office doesn’t provide oversight for the parts: “Unlike scores of GAO reports and other assessments that analyze the fighter jet’s cost, schedule and flying performance, the new audit delved into the more mundane and largely invisible work of supporting the aircraft once it’s delivered to international customers. The operation and support bill for the F-35 may reach an estimated $1.4 trillion through 2088. Allies don’t own parts and tap into the Defense Department’s worldwide shared pool of spares, including engines, tires, landing gear and items such as bolts, screws and fasteners. The Pentagon’s F-35 program office doesn’t maintain accountability over the parts, “the total value of which is unknown,” the GAO said.” It is manufacturer Lockheed Martin which solely “tracks” the records (supposedly), given the Pentagon has been “unable to provide the cost, total quantity, and locations of spare parts in the global spares pool.”

According to the GOA report: The lack of visibility into the inventory “increases the risk of misstatement on DOD’s financial statements and the risk of mismanagement of the F-35 global spares pool,” it said. All of this comes the same week that multiple media reports and former top US officials have highlighted that contractor price-gouging is common and routine when it comes to the gargantuan defense budget, at taxpayer’s expense of course. For example, former Pentagon insiders told Newsweek that the Biden administration’s ‘blank check’ approach to Ukraine has resulted in a massive arms flow to Kiev “no matter the expense.” Naturally this has resulted in diminished incentive to engage in serious and timely audits for things like expensive jet parts, and to determine where they are globally. Lockheed continues to be front and center in these whistleblower and former DoD official tell-alls…

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“Salacious allegations such as this one would be passed by the Clinton campaign to the FBI and then leaked to the press which would report on the FBI investigations, giving the fabrications credibility.”

• Why the Conspiracy Theory About Trump and Russia Won’t Go Away (Chris Hedges)

All the investigations into Trump’s ties with Russia are unequivocal. There was no collusion. The Steele dossier, financed at first by Republican opponents of Trump and later by Hillary Clinton’s campaign, and compiled by former MI6 British intelligence officer, Christopher Steele, was a fake. The charges in the dossier — which included reports of Trump receiving a “golden shower” from prostituted women in a Moscow hotel room and claims that Trump and the Kremlin had ties going back five years — were discredited by the FBI. Sources, including the one that claimed Trump had long-held ties to the Kremlin, turned out to be fabricated. Special Counsel Robert S. Mueller concluded that his investigation “did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.” Mueller did not indict or accuse anyone of criminally conspiring with Russia.

Durham’s 306-page report, sent to Congress by Attorney General Merrick Garland earlier this week, is even more excoriating. It concludes that the FBI engaged in a witch hunt — code named Crossfire Hurricane — orchestrated by Hillary Clinton’s campaign that was aided and abetted by senior FBI officials who loathed Trump. The Clinton campaign provided bogus information to the FBI about ties between Trump and Russia, including a charge made by Michael Sussmann and Marc Elias, the General Counsel to the Clinton campaign, that there was a secret channel between the Trump Organization and the Russian Alfa Bank. Salacious allegations such as this one would be passed by the Clinton campaign to the FBI and then leaked to the press which would report on the FBI investigations, giving the fabrications credibility.

For example, the Clinton campaign posted a tweet through Clinton’s Twitter account on Oct. 31, 2016 that read: “Computer scientists have apparently uncovered a covert server linking the Trump Organization to a Russian-based Bank.” The tweet, Durham’s report notes, “included a statement from Clinton campaign advisor Jake Sullivan that made reference to the media coverage of the article and stated, in relevant part, that the allegations in the articles ‘could be the most direct link yet between Donald Trump and Moscow[,]’ that ‘[t]his secret hotline may be the key to unlocking the mystery of Trump’s ties to Russia[,]’ and that ‘[w]e can only assume that federal authorities will now explore this direct connection between Trump and Russia as part of their existing probe into Russia’s meddling in our elections.’” The FBI later determined there were no ties between the Trump organization and Alfa Bank.

Tammy Bruce
https://twitter.com/i/status/1661036063496740865

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The FBI whistleblowers are angry.

“They r being treated like skunks at a picnic under ur watch UNACCEPTABLE u must protect them from retaliation it’s the law.”

• Whistleblower Says DOJ Interference In Hunter Biden Probe Dates Back Years (JTN)

An IRS agent working with federal prosecutors and investigators on the Hunter Biden tax probe is alleging the agency ignored his team’s warnings about years of improprieties by Justice Department officials supervising the case. The allegation appeared in a May 18 letter the agent sent to IRS Commissioner Daniel Werfel, and it was made public Monday evening as part of a whistleblower package his supervisor sent Congress and the Office of Special Counsel, the government’s official whistleblower protection agency. Last week, attorneys for an IRS supervisory special agent (SSA) informed Congress that the DOJ had removed their client and his entire team from the investigation in what they deemed an act of retaliation.

The SSA came forward in late April, alleging that federal prosecutors had engaged in “preferential treatment and politics” to prevent charges from being filed against Hunter Biden, the son of President Joe Biden. The whistleblower further alleged that his entire team had been sidelined after he made protected disclosures. He also asserted that Biden appointees had limited the ability of Delaware U.S. Attorney David Weiss to pursue charges against his son by refusing to grant Weiss permission do so within their jurisdictions. That claim appeared to undercut testimony from Attorney General Merrick Garland, who had contended that Weiss enjoyed full freedom to pursue the investigation and to bring charges in another jurisdiction should the need arise.

The whistleblower approached IRS internal watchdog late last year with the help of attorney Mark Zaid, who previously represented whistleblowers whose disclosures led to the first impeachment trial of former President Donald Trump. A May 20 letter from the whistleblower’s current counsel to Werfel, however, references the May 18 letter sent by one of the supervisory agent’s subordinates. That communication suggests IRS agents have been concerned for years about the DOJ’s conduct in the Hunter Biden probe and felt left “out on an island” because the agency brass would not intervene. Former DOJ lawyer Mark Lytle and former congressional investigator Tristan Leavitt, who now serves as president of Empower Oversight, currently represent the unidentified whistleblower. In the letter, the pair pointed to a protected disclosure from one of the IRS supervisory special agent’s subordinates made directly to Werfel following the team’s removal from the case.

In the disclosure, the case agent, a subordinate of Lytle and Leavitt’s client, recounts his extensive, but unsuccessful efforts to highlight the issues, before contending the agency’s decision to remove him and the team meant the IRS had sided with the officials facing allegations of impropriety. “For the last couple years, my SSA and I have tried to gain the attention of our senior leadership about certain issues prevalent regarding the investigation,” he told Werfel. “I have asked for countless meetings with our chief and deputy chief, often to be left out on an island and not heard from. The lack of IRS-CI senior leadership involvement is deeply troubling and unacceptable.” [..] The latest revelations generated an immediate rebuke of the IRS from Republican Sen, Charles Grassley of Iowa, a longtime champion of whistleblowers. “IRS commissioner Werfel: what r u doing to protect IRS whistleblowers??” Grassley tweeted Monday evening. “They r being treated like skunks at a picnic under ur watch UNACCEPTABLE u must protect them from retaliation it’s the law.”

Hunter

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Many more will follow. And Big Pharma has immunity.

• First COVID Vaccine Injury Lawsuit in US Targets Gov’t, Social Media Giants (CHD)

Five people injured by COVID-19 vaccines, along with a father whose 16-year-old son died from vaccine-induced cardiac arrest, are suing the Biden administration and top U.S. public health officials. In a lawsuit filed Monday, the plaintiffs — including Brianne Dressen who suffered severe nerve damage after taking the AstraZeneca COVID-19 vaccine — allege the U.S. government colluded with social media companies to censor them when they posted stories about their personal vaccine injury experiences. Defendants include President Biden and top-ranking White House officials, the Centers for Disease Control and Prevention and the U.S. Department of Homeland Security. This is the first lawsuit brought by U.S. citizens injured by the COVID-19 vaccines [..]

Dressen — a preschool teacher from Saratoga Springs, Utah — volunteered to participate in AstraZeneca’s clinical trial for its COVID-19 shot. Now, she says, she is “collateral damage of the pandemic.” Dressen co-chairs React19, a “science-based non-profit offering financial, physical, and emotional support for those suffering from longterm COVID-19 vaccine adverse events globally.” After receiving the AstraZeneca shot, Dressen experienced extensive adverse effects — including doubled and blurry vision, severe sensitivity to sound and light, heart and blood pressure fluctuations and intense brain fog — that worsened over time. She said Facebook, YouTube, TikTok, GoFundMe, Reddit and Instagram removed content she posted about her injuries.

According to Dressen, the plaintiffs’ experiences of censorship “pale in comparison to the thousands of Americans we know who all have experienced the same thing.” “There is nothing scarier than reaching out for help only to be silenced,” Dressen told The Defender. “It was as scary as the vaccine reaction itself. “Our constitutional freedoms must be protected, regardless of whether or not we are in a national emergency,” Dressen added. Dressen — who now experiences “permanent disability” with “ups and downs” — said she and the other plaintiffs are “not fighting this fight for a select few” but are fighting on behalf of the “tens of thousands who are experiencing the same kind of censorship.”

Read more …

 

 

 

 

 

 

I believe that scientific knowledge has fractal properties, that no matter how much we learn, whatever is left, however small it may seem, is just as infinitely complex as the whole was to start with.
— Isaac Asimov (I Asimov, 1995)

 

 

Antonova

 

 

UN

 

 

 

 

 

 

Fairywren

 

 

 

 

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Debt Rattle November 15 2018

Nov 152018
 
 November 15, 2018  Posted by at 10:17 am Finance Tagged with: , , , , , , , , , , ,  7 Responses »


Jean-Francois Millet In the Auvergne 1869

 

• UK Brexit Secretary Dominic Raab resigns (BBC)
• Final Say Referendum On Table As May Blows Debate Wide Open (Ind.)
• Brexit: A Split Cabinet, A Split Party And A Split Nation (G.)
• Theresa May’s Brexit Deal Solves Nothing: Open Warfare Is About To Begin (G.)
• The Race To 6% Mortgage Rates (WS)
• The Fed Will Continue Tightening Until Everything Breaks (Smith)
• Amazon’s Long Game Is Clearer Than Ever (Taibbi)
• Amazon’s Alexa Might Be A Key Witness In A Murder Case (Vox)
• Lockheed Martin Awarded $22.7 Billion Pentagon Fighter Jet Contract (AFP)
• Japan Cyber Security Minister Admits He Has Never Used A Computer (AFP)

 

 

UPDATE: Half an hour after I posted this Debt Rattle, two more ministers have evidently resigned: Esther McVey and Suella Braverman. That makes 4 so far today who have left the May government, and 22(!) over the past 2 years.

 

Inevitably, a lot of Brexit stuff today. Somewhat curiously, Mr. Raab ostensibly negotiated the deal May presented yesterday, and because of which he resigned this morning. He won’t be the last. He wasn’t the first either, junior Northern Ireland minister Shailesh Vara was ahead of him.

Meanwhile, May faces Parliament today and the EU has announced a meeting on November 25 to secure the deal. But who will represent the UK there? Because as prominent Tory Anna Soubry said: “Raab’s resignation marks the end of PMs Withdrawal Agreement. This is v serious the PM will clearly be considering her position.”.

• UK Brexit Secretary Dominic Raab resigns (BBC)

Brexit Secretary Dominic Raab has resigned saying he “cannot in good conscience support” the UK’s draft Brexit agreement with the EU. Theresa May announced on Wednesday evening that she had secured the backing of her cabinet for the agreement, after a five hour meeting. But several ministers were understood to have spoken against it. And there are suggestions of moves among Conservative backbenchers to force a no-confidence vote in her. Mr Raab – a Leave supporter who was promoted to the cabinet to replace David Davis when he quit in protest at Mrs May’s Brexit plans – is among a group of senior ministers thought to be unhappy with the agreement.

He was closely involved in drafting the agreement, which sets out the terms of Britain’s departure from the EU. In his resignation letter, Mr Raab said he could not support it because the regulatory regime proposed for Northern Ireland “presents a very real threat to the integrity of the United Kingdom”. And, he added, the “backstop” arrangements aimed at preventing the return of a hard Irish border would result in the EU “holding a veto over our ability to exit”. “Above all, I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election,” he told the prime minister.

The BBC’s Norman Smith said Mr Raab’s departure puts pressure on other cabinet members to quit, raising the prospect of a “domino effect” that could end in the break-up of the cabinet. Remain-backing Conservative MP Anna Soubry tweeted: “Raab’s resignation marks the end of PMs Withdrawal Agreement. This is v serious the PM will clearly be considering her position. My own view is that we need a Govt of National Unity and we need it now.” Earlier on Thursday, Shailesh Vara quit as minister of state for Northern Ireland, saying he cannot support Mrs May’s agreement, which he said “leaves the UK in a halfway house with no time limit on when we will finally be a sovereign nation”.

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But this may turn out to be the main takeaway from May’s deal: opening up the option of a second vote.

• Final Say Referendum On Table As May Blows Debate Wide Open (Ind.)

Theresa May has admitted Brexit can be stopped, with her senior officials accepting a new referendum on Britain’s departure from the EU is possible. The unprecedented admission from the top of government came as the prime minister revealed her cabinet had begrudgingly backed the draft Brexit deal struck by negotiators earlier this week. But speaking outside Downing Street, she issued a stark warning to Tory rebels that threats to tear down the proposals and her leadership could mean there is “no Brexit at all”. There are widespread claims that angry backbenchers are preparing to launch a bid to topple the prime minister within days, while speculation that cabinet ministers could still quit is rife.

Eurosceptics are likely to be further enraged by a clause in the 585-page draft deal allowing an unspecified extension to the Brexit transition – with the text simply saying it could run until “20XX”. Ms May emerged from the black door of No 10 to confirm tentative cabinet support following an intense five-hour cabinet meeting, at which almost 30 of her top ministers spoke. In a short statement she targeted a warning directly at those intent on bringing the deal down, saying: “When you strip away the detail, the choice before us is clear.

“This deal, which delivers on the vote of the referendum, which brings back control of our money, laws and borders, ends free movement, protects jobs, security and our union – or leave with no deal, or no Brexit at all.” Asked later how the PM felt there could be ‘no Brexit’, her spokesman said: “You should see that through the prism of parliament, in that the main opposition party has actively said that Brexit can be stopped, there is a People’s Vote movement which we have set out our opposition to, and any other number of important votes that will have to occur between now and the 29th of March.” It is the first time Downing Street has so clearly stated not only that Brexit is not a foregone conclusion, but that a new vote is possible.

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At what point can we label this “chaos”?

• Brexit: A Split Cabinet, A Split Party And A Split Nation (G.)

Theresa May will launch a high-stakes battle to sell her Brexit deal to parliament on Thursday, after clinching the support of her deeply-divided cabinet during a fraught five-hour meeting in Downing Street. Emerging from No 10 on Wednesday night, May said she believed “with my head and my heart” that her deal was the best one for the UK – and the only alternatives were no deal, or no Brexit. She said her ministers had taken a “collective” decision, to press ahead with finalising the deal in Brussels, which she will then have to bring back to parliament for approval; but it was clear there had been significant dissent. There were a series of dissenting voices from Brexit supporting ministers, as the meeting overran its intended length by two hours.

One Whitehall source said the environment secretary, Michael Gove, had been the only leaver to speak in favour. “This is a decision that was not taken lightly, but I believe it is firmly in the national interest,” May said, adding that cabinet had held “a long, detailed and impassioned debate”. Cabinet sources said Esther McVey, the work and pensions secretary, made the most impassioned interventions against the draft agreement and warned of chaos should the government lose a meaningful vote in parliament. May twice refused a request from McVey to hold a vote in the room. One cabinet source said that McVey was “shouted down” by the cabinet secretary, Sir Mark Sedwill.

Liz Truss, the chief secretary to the Treasury, said they were “caught between the devil and the deep blue sea”. Up to 11 cabinet ministers were said to have spoken out against the deal. Supportive voices came from the communities secretary, James Brokenshire, and the education secretary, Damian Hinds. [..] The documents confirmed one key concession that has enraged Brexiters: the UK will not be able to unilaterally exit the Irish backstop. Instead that decision would rest with a joint, independent arbitration committee with an equal number of British and EU representatives, as well as outside members. The EU and the UK “decide jointly within the joint committee that [the backstop] … is no longer necessary,” the draft agreement said.

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“..May said that her deal would give us back “control of our money, laws and borders”, while protecting business and jobs. None of that is true. ”

• Theresa May’s Brexit Deal Solves Nothing: Open Warfare Is About To Begin (G.)

Now the arm-twisting, the bribery and the for-the-good-of-the-country cajoling of every last MP begins in earnest. Pinned to the wall, each must finally reveal their true colours; some will be principled, some not: Tories must reckon if the future is with Theresa May and her deal, or with Brextremists in their constituencies. Any Labour would-be defector must reckon whether their local party could ever forgive them for voting to keep this government in power. Meanwhile, Brexit mis-selling continues unabated. In her statement this evening, May said that her deal would give us back “control of our money, laws and borders”, while protecting business and jobs. None of that is true. Nowhere is there any evidence to be found in the lengthy withdrawal deal.

For the foreseeable, we are in a customs union we cannot leave without EU permission and our borders are open to EU citizens. We are paying £39bn, business has no certainty for future investment and as for jobs – well, let’s just cross our fingers and hope. May pretends that some distant sunlit trade deal, hazily sketched, will one day emerge from the political declaration that accompanies the deal. Will it be in two years, 10 years, sometime, never? No one knows. All the devilish dilemmas remain. All the impossibilities are as impossible as they were on referendum day – but now they are solemnly written down on paper.

We can’t have frictionless EU trade without a customs union, but that stops us buccaneering the globe for those exclusive deals with Mauritania or wherever else Liam Fox chooses to turn to. Ireland stands where it did: preserving an open border, made possible by the Good Friday agreement, means the UK must stay close to the EU forever. Scotland is righteously rebelling: David Mundell, with his crucial 13 Scottish Tory votes in parliament, will not countenance continued EU rights to fish in our waters; Scotland’s first minister, Nicola Sturgeon, protests at Scotland being denied Northern Ireland’s competitive advantage of effectively staying in the single market – a special status the DUP also objects to. Today takes us closer to fracturing the union.

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Your guess is as good as the IMF’s. Contact your local bookmaker.

• IMF Says No-Deal Brexit To Cause 8% Hit To UK Economy (Ind.)

The UK economy could face a long-run hit of up to 8 per cent of GDP in the event of a no-deal Brexit, the International Monetary Fund has warned. That’s the equivalent of around £6,000 per British household. “A scenario in which future trade between the UK and the EU is governed by [World Trade Organisation] rules is estimated to bring about output losses of around 5 to 8 percent compared to a no-Brexit scenario in the long run (with an average of about 6 per cent),” the IMF said. However its economists also warned that this assumed a smooth transition to WTO rules and that the impact of a chaotic no-deal Brexit in the short-term next March could be more severe, leading to a “sharp fall in asset prices”, a “hit to consumer and business confidence” and another sterling depreciation.

“Directors emphasised the importance of a timely agreement with the EU, accompanied by an implementation period to avoid a cliff-edge exit in March 2019 and to allow firms and workers time to adjust to the new relationship”. Delivering its full annual health check on the UK on Wednesday, the Washington-based Fund also said that the British economy would be around 3 per cent weaker even if it successfully secured a “Canada-style” free trade deal with the rest of the European Union “due to lower trade, migration and productivity”.

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6% is very low historically, and lethal today.

• The Race To 6% Mortgage Rates (WS)

The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest reporting week, according to the Mortgage Bankers Association (MBA) today. This is the highest average rate since September 2009 (chart via Investing.com): Many people with smaller down payments and/or lower credit ratings are already paying quite a bit more. Top-tier borrowers pay less. Thus, mortgage rates have moved a little closer to the next line in the sand, 6%, which is still historically low.

At that point, the interest rate would be back where it had been in December 2008, when the Fed was unleashing its program of interest rate repression even for long-dated maturities via QE that later included the purchase of mortgaged-backed securities (MBS), which helped push down mortgage rates further. Now the Fed is shedding Treasury securities and mortgage-backed securities, and we’re starting to see the impact on mortgage rates: The difference (spread) between the 10-year yield and the interest rate of the average 30-year fixed-rate mortgage has widened sharply.

Since the beginning of the year: The 30-year mortgage interest rate has risen 95 basis points, or nearly 1 percentage point (from 4.22% to 5.17%). The 10-year Treasury yield has risen 71 basis points (from 2.46% to 3.17%) The spread between the two has widened from 176 basis points on at the beginning of January to 200 basis points now. In other words, mortgage rates are climbing faster than the 10-year Treasury yield, now that the Fed has begun the shed mortgage-baked securities. This is expected. It’s part of the QE unwind – it’s part of the Fed exiting the mortgage market and pulling its support out from under it. But 6% is still low:

Home prices in many markets have risen far above the home prices back in 2008 and 2009, and far above even the local peaks during Housing Bubble 1 in those markets now that they have developed into a fully blooming Housing Bubble 2. Home prices as a whole averaged out across the US have surged 11.5% above the crazy peak of Housing Bubble 1:

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Good piece from Brandon Smith.

• The Fed Will Continue Tightening Until Everything Breaks (Smith)

Fed propaganda asserts the lie that the bank is audited annually by the Government Accounting Office (GAO), but this is NOT an audit of Fed financial actions and policy initiatives. Rather, it is an audit of minor expenditures. Knowing how many pencils and desks the Fed purchases in a year does not help us to understand the bank’s influence over our economic security. All other audits of the Fed are done internally by the Fed’s own Board of Governors. This is hardly transparent or independent. The only time the public has gained access to even a partial government audit of Fed activities was during the audit of TARP. This alone exposed trillions of dollars in bailouts and overnight loans to various banks and corporations, many of which were foreign.

The GAO did nothing in terms of regulatory action against the Fed after it was revealed that they were funneling trillions in capital into foreign corporations. All they did was make a ledger of the transactions, and remained silent on the rest. I remind readers of this history and the conditions surrounding Fed actions because I want to drive the point home that, for now, the Fed and other central banks dictate the rules of the game. Some may say this has changed with the election of Donald Trump, but I disagree. If anything, as long as Trump is in office, the Fed will chase higher interest rates and steeper balance sheet cuts. They will not stop until markets break. And, the only solution (shutting down the Fed entirely) also comes with a set of extreme fiscal consequences.

There is a wall of cognitive dissonance when some in the public are confronted with this notion. They prefer to believe in a set of standard lies rather than accept that the Fed is a saboteur of our financial system.

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Big Tech’s ultimate power lies in their connections with US intelligence. Dangerous.

• Amazon’s Long Game Is Clearer Than Ever (Taibbi)

The Washington Post seemed happy about Amazon’s decision to divide its new headquarters between New York and Crystal City, Virginia, outside of D.C., noting the amazing benefits both communities will receive by the arrival of the web-retail behemoth. The company expects to create 25,000 jobs in Northern Virginia by 2030, and generate $3.2 billion in tax revenue, in addition to investing $2.5 billion. Who better to trumpet the virtues of this job-creating, capital-investing deal than the richest person in modern history, Amazon CEO Jeff Bezos? He sounded pleased as heck to be part of all the wonderfulness.

“We are excited to build new headquarters in New York City and Northern Virginia,” Bezos told the Post — which he owns — adding: “The team did a great job selecting these sites, and we look forward to becoming an even bigger part of these communities.” Rather quickly after the “HQ2” announcement was made, MarketWatch ran a piece pointing out that moving to Northern Virginia might have other benefits for Amazon: HQ2 in the D.C. area could help Amazon snag a $10 billion Pentagon contract. Yes, the company has increased the odds that it will be awarded one of the all-time lucrative defense deals, the $10 billion Joint Enterprise Defense Infrastructure (JEDI) contract, providing cloud services and a platform for Department of Defense operations, instantly becoming one of the biggest federal contractors.

The deal has been a source of controversy for a while. In July, a pair of Republican members of Congress, Steve Womack of Arkansas and Tom Cole of Oklahoma, sent a letter to Glenn Fine, acting Inspector General of the Defense Department. In it, they claimed the contract was essentially pre-delivered to Amazon. Among other things, the JEDI award can only go to a provider that meets Defense Information Systems Agency Impact Level 6, a requirement that has to do with security/secrecy clearances. “The highest level of cloud security” is how one congressional source explained Level 6 to me. Although the lawmakers did not single out Amazon, they did say only one private provider meets that requirement, and numerous reports say that provider is Amazon Web Services.

Vanity Fair ran a piece this past summer noting other deal requirements — like a prerequisite of $2 billion in cloud revenue — ruled out all but a few competitors. “The deal appeared to be rigged in favor of a single provider,” the magazine wrote, adding that Amazon Web Services had ties to Trump Defense Secretary James Mattis. Amazon already had another recent win on the defense-contracting front with the passage of the so-called “Amazon Amendment,” which makes Amazon the go-to portal for the government’s online purchases. This was included in last year’s Defense Authorization Bill. That amendment will cover $53 billion in annual government purchases, enriching the firm even more.

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Why would anyone want one in their homes?

• Amazon’s Alexa Might Be A Key Witness In A Murder Case (Vox)

Last week, a judge in New Hampshire ordered Amazon to hand over recordings of an Echo smart speaker found in the home where a double murder took place last year in Farmington. Authorities believe the recordings may provide information that could put the murderer behind bars. If Amazon does hand over the private data of its users to law enforcement, it won’t just involve the tech company in a murder case. It will also be the latest incident to raise serious questions about how much data tech companies collect about their customers with and without their knowledge, how that data can be used, and what it means for privacy.

Last January, Timothy Verrill was charged with first-degree murder by the New Hampshire attorney general in the deaths of two women, Christine Sullivan and Jenna Pellegrini. Police found the women’s bodies in the backyard of Sullivan’s boyfriend, Dean Smoronk, whom local New Hampshire media reported Verrill knew. Verrill was spotted on home surveillance video with both Sullivan and Pellegrini. He was also seen on video hours later buying cleaning supplies at a store and returning to the house. After Smoronk called 911 to report his girlfriend missing, police found the bodies and seized an Amazon Echo speaker in the kitchen, next to the spot where police believe Sullivan was killed.

According to AP, prosecutors believe the Echo might have useful information to make the case against Verrill, whose trial begins May 2019, including details about what happened during and after the murder, such as “possible removal of the body from the kitchen.” [..] While it’s entirely possible the Echo speaker will have nothing recorded that relates to the case, it also may very well have pertinent info. The speaker is initiated with four wake-up words — “Alexa”, “Echo,” “computer,” and “Amazon” — and records after hearing these words, even when it’s not being spoken to. These recordings are then stored on an Amazon server, accessible to the company, and to owners via the Alexa app.

There’s plenty of evidence that the devices record more than what Amazon says. After a woman in Portland found out that her Echo speaker had recorded a conversation she had with her husband and sent it to a random contact, Amazon admitted that its Alexa technology can misinterpret household noises like conversations, TV soundtracks, and music as wake-up calls and start recording. The speaker also starts recording a few seconds before a command is issued, meaning there’s likely more private information in the recordings than customers are aware of.

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US is preparing to sanction Turkey for not bying these boondoggles.

• Lockheed Martin Awarded $22.7 Billion Pentagon Fighter Jet Contract (AFP)

The Pentagon on Wednesday announced it had awarded Lockheed Martin a $22.7 billion contract for 255 F-35 fighter jets. Of the aircraft, 106 are destined for the US military: 64 F-35As for the Air Force, 26 F-35Bs for the Marines, and 16 F-35Cs for the Navy, while the rest are destined for foreign customers, the department said in a statement. A major Pentagon supplier, Lockheed Martin will receive a $6 billion advance for the order, due to be completed in March 2023. Most of the work on the jets will be performed in the US, with some will be carried out in countries including Britain and Italy.

Launched in the early 1990s, the F-35 program is considered the most expensive weapons system in US history, with an estimated cost of some $400 billion and a goal to produce 2,500 aircraft in the coming years. Once servicing and maintenance costs for the F-35 are factored in over the aircraft’s lifespan through 2070, overall program costs are expected to rise to $1.5 trillion. According to Pentagon figures from early October, 320 F-35s have been delivered worldwide, including 245 in the US.

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Brilliant.

• Japan Cyber Security Minister Admits He Has Never Used A Computer (AFP)

A Japanese minister in charge of cyber security has provoked astonishment by admitting he has never used a computer in his professional life, and appearing confused by the concept of a USB drive. Yoshitaka Sakurada, 68, is the deputy chief of the government’s cyber security strategy office and also the minister in charge of the Olympic and Paralympic Games that Tokyo will host in 2020. In parliament on Wednesday however, he admitted he doesn’t use computers. “Since the age of 25, I have instructed my employees and secretaries, so I don’t use computers myself,” he said in a response to an opposition question in a lower house session, local media reported.

He also appeared confused by the question when asked about whether USB drives were in use at Japanese nuclear facilities. His comments were met with incredulity by opposition lawmakers. “It’s unbelievable that someone who has not touched computers is responsible for cyber security policies,” said opposition lawmaker Masato Imai. And his comments provoked a firestorm online. [..] one Twitter user [..] joked that perhaps Sakurada was simply engaged in his own kind of cyber security. “If a hacker targets this Minister Sakurada, they wouldn’t be able to steal any information. Indeed it might be the strongest kind of security!”

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