Feb 212025
 
 February 21, 2025  Posted by at 11:04 am Finance Tagged with: , , , , , , , , ,  49 Responses »


Pablo Picasso Nude on a beach 1929

 

Trump Officially Signs Kash Patel In As FBI Director (ZH)
Trump’s Goal Is To ‘Abolish The IRS’ As Layoffs Loom: Lutnick (ZH)
Bessent Says Russia Could Win Sanctions Relief If Cooperative In Peace Talks (ZH)
Zelensky Would Lose If Elections Were Held Now – Economist (RT)
Trump ‘Very Upset’ With Zelensky – Rubio (RT)
Zelensky ‘Fooled’ Trump With Rare-Earth Mineral Prospect – Ukrainian MP (RT)
Western Leaders Back Zelensky Amid War Of Words With Trump (RT)
Musk Claims Ukrainians ‘Despise’ Zelensky (RT)
The Royal Society Moves to Expel Musk Over His Political Views (Turley)
Whose Gold, if Anyone’s, Is in Ft. Knox? (Paul Craig Roberts)
Trump Cannot Allow a Declining Europe to Drag the US Down (O’Keeffe)
“And Just Like That” – Does NATO Even Exist Any More? (Every)
EU Leaders Fear America More Than They Fear Russia (Bordachev)
Kremlin Responds To Reports Of Plans For Western Troops In Ukraine (RT)
MEP Verhofstadt Says Trump Is ‘NATO’s Greatest Threat’ (RMX)
Russia’s Long-Term Play Is Much Bigger Than Ukraine (Trenin)
Points Trump Is Now Making Are What Russia Said All Along (Amar)
Trump Wants China Nuclear Deal – NYT (RT)

 

 

 

 

Dangerous

Debt

Medicare
https://twitter.com/i/status/1892439128177856745

Fico

Renegade

 

 

 

 

Kash Patel will need the best protection that all political currency put together can buy. The FBI is a dangerous environment.

Trump Officially Signs Kash Patel In As FBI Director (ZH)

The Senate on Thursday confirmed Kash Patel to lead the FBI. Patel had widespread support of Republicans – even Mitch McConnell (!), who argued that the Trump nominee would reform the nation’s top law enforcement agency after decades of corruption. “Mr. Patel should be our next FBI director because the FBI has been infected by political bias and weaponized against the American people. Mr. Patel knows it, Mr. Patel exposed it, and Mr. Patel has been targeted for it,” Senate Judiciary Chairman Chuck Grassley (R-IA) said last week during a committee meeting to discuss Patel’s nomination, before the panel advanced Patel in a party-line vote.

Update (1550ET): In response to his confirmation, Patel said he was “honored” to have been confirmed, and he will now “rebuild trust in the FBI. “The FBI has a storied legacy—from the “G-Men” to safeguarding our nation in the wake of 9/11. The American people deserve an FBI that is transparent, accountable, and committed to justice. The politicalization of our justice system has eroded public trust—but that ends today. My mission as Director is clear: let good cops be cops—and rebuild trust in the FBI,” he said in a post on X, adding “And to those who seek to harm Americans—consider this your warning. We will hunt you down in every corner of this planet.” Update (1944ET): Trump has officially signed Patel in as the new Director of the FBI… Democrats, meanwhile are positively spooked…

Meanwhile, Sen. Dick Durbin (D-IL) – who notably blocked the release of the Epstein client list that Patel has vowed to expose, held a press conference outside FBI headquarters on Thursday, slamming what he called Patel’s “bizarre political statements” spanning Jan. 6, to retribution – and accused Reepublicans of “willfully ignoring red flags on Mr. Patel,” who he argued has “neither the experience, the judgment or the temperament” to be FBI chief for the next decade. “Mr. Patel will be a political and national security disaster,” said Durbin. Patel, a vocal critic of the FBI, has worked in several roles during the first Trump administration, including acting deputy director of national intelligence. In prior comments, Patel said he wanted to clean out the bureau’s headquarters in Washington DC as part of a mission to dismantle the Deep State.

https://twitter.com/i/status/1892326242336251987

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“The IRS employs roughly 90,000 people across the country.”

Trump’s Goal Is To ‘Abolish The IRS’ As Layoffs Loom: Lutnick (ZH)

Commerce Secretary Howard Lutnick said on Wednesday that President Trump’s goal is to abolish the Internal Revenue Service (IRS). “Think about it, Donald Trump announces the External Revenue Service, and his goal is very simple (…) his goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick told Fox News host Jesse Watters. Trump has said that the External Revenue Service will force foreign trade partners to “finally pay their fair share,” and has previously floated the idea of abolishing federal income taxes as part of his plans for “tariffing and taxing foreign nations to enrich our citizens.”

Lutnick also said that Elon Musk and DOGE were “going to cut” $1 trillion, “and then we’re going to get rid of all these tax scams that hammer against America, and we’re going to raise a trillion dollars of revenue.” The IRS is responsible for collecting the federal taxes from individuals and corporations – taking in some $823 billion in individual taxes in 2024, roughly 52% of total revenue, according to the Treasury Department. Lutnick’s remarks come as the IRS is reportedly looking to lay off thousands of workers. According to the Associated Press, the agency will start by letting go roughly 7,000 probationary workers in Washington and around the country. Those with roughly one year or less of service at the agency – largely in compliance departments – will be affected, according to the report.

“The layoffs are part of the Trump administration’s intensified efforts to shrink the size of the federal workforce through the Department of Government Efficiency by ordering agencies to lay off nearly all probationary employees who have not yet gained civil service protection. They come despite IRS employees involved in the 2025 tax season being told earlier this month that they would not be allowed to accept a buyout offer from the Trump administration until mid-May, after the taxpayer filing deadline. It’s unclear how the layoffs may affect tax collection services this year. As the nation’s revenue collector, the IRS was tasked during the Biden administration with targeting high-wealth tax evaders for an additional stream of income to the U.S., which is $36 trillion in debt. By the end of 2024, the IRS collected over $1.3 billion in back taxes from rich tax dodgers.” -AP

On Wednesday, the NY Times reported that the IRS would begin laying off roughly 6,000 employees on Thursday, and will target ‘relatively recent hires which the Biden administration had attempted to revitalize with a surge of funding and new staff.’ According to that report, IRS managers on Wednesday began asking their employees to bring their government-issued equipment to the office. “Under an executive order, I.R.S. has been directed to terminate probationary employees who were not deemed critical to filing season,” one email reads. “We don’t have many details that we are permitted to share, but this is all tied to compliance with the executive order.” According to former IRS official Dave Kautter, “There’s a flood of résumés from people at the I.R.S. looking for jobs throughout the tax community,” adding “Law firms are getting a fair number of résumés, accounting firms are getting a fair number of résumés.” The IRS employs roughly 90,000 people across the country.

Lutnick

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That’s not how you communicate with Russia.

Bessent Says Russia Could Win Sanctions Relief If Cooperative In Peace Talks (ZH)

The Trump administration has signaled that Russia could win sanctions relief if Ukraine war talks are successful. “Russia could win some relief from U.S. sanctions based on its willingness to negotiate an end to its war in Ukraine,” US Treasury Secretary Scott Bessent conveyed Thursday in a Bloomberg interview. Per the breaking report: “Asked whether the U.S. was prepared to increase sanctions on Russia or reduce them depending on how talks to end the Ukraine war go, Bessent said: “That’d be a very good characterization.” The US Treasury chief then emphasized, “The president is committed to ending this conflict very quickly.” Trump’s stance on Ukraine has been met with growing beltway resistance, including from notable Republicans, amid a growing war of words with Zelensky, labeled a ‘dictator’ who doesn’t want to hold elections in a Wednesday Truth Social post by Trump.

The Ukrainian administration understands itself to be increasingly isolated by Washington, now near the eve of the war reaching the exact three-year mark, and there are reports that Zelensky is being told by his advisors to not respond to Trump’s provocative words. Trump is telling Zelensky he needs to hold elections. Any sanctions relief on Moscow would mark a huge shift in the conflict, and Europe would ultimately have no choice but to conform, despite the continuing hawkish statements issued from Brussels. Statements from Rubio also reflected this Trump stance days ago…

Russian markets have responded this week, with the Ruble hitting a six-month high: Russia’s ruble surged to its strongest level against the U.S. dollar in more than six months on Thursday, buoyed by renewed U.S.-Russia ties and hopes in Moscow for sanctions relief. The ruble has gained about 14% since U.S. President Donald Trump returned to the White House in January, reversing losses from late 2024. On Thursday, Russia’s Central Bank set the official exchange rate at 88.5 rubles against the U.S. dollar, its highest level since August. While Russia does not have a fixed exchange rate, the Central Bank’s figure reflects market trends. The rebound follows a steep drop in the ruble last year when the outgoing Biden administration imposed its toughest sanctions on Russia’’ oil sector since the start of the war”.

Trump has held out the threat of more sanctions, but this new statement from Bessent signals where the US administration’s priorities are headed. Retired US Lt. Gen. Keith Kellogg, Trump’s special envoy to Ukraine and Russia, is in Kiev where on Thursday he had an (apparently) brief meeting with Ukrainian President Volodymyr Zelensky. A scheduled post-meeting news conference has been unexpectedly canceled, though no reason was immediately forthcoming, according to a Ukrainian official, presidential spokesman Serhii Nikiforov. The US side made no comment upon the presser’s cancelation. The Associated Press observes, “When the meeting began, photographers and video journalists were allowed into a room where the two men shook hands before sitting across from each other at a table at the presidential office in Kyiv.. What’s the latest in the growing feud that let up to this?

President Trump on Wednesday night continued bashing Ukraine’s Zelensky, this time describing that his officials treated Treasury Secretary Scott Bessent “rudely” during his visit to Kiev last week. Trump further said that Zelensky chose to sleep instead of meeting with the high-ranking American official to discuss the White House proposed mineral rights deal. “Zelensky was sleeping and unavailable to meet him,” Trump told reporters aboard Air Force One. [..]The Treasury Secretary had “traveled many hours on the train, which is a dangerous trip,” Trump added, characterizing the whole visit as futile given the Ukrainians “told him ‘no'” on the deal for America to acquire 50% of the country’s rare earth minerals.

Trump’s anti-Zelensky rhetoric, which included him calling him a “dictator” yesterday, has grown to the point that many pundits see that the Ukrainian president’s exit is nigh. Trump is pressuring Kiev for new elections, which would require parliament to change the constitution. Vice President J.D. Vance also warned Wednesday that Zelensky will only bring harm on himself should be continue ‘badmouthing’ President Trump. This was in reference to Zelensky asserting that Trump is living in a Russian “disinformation space”. Vance’s warnings were conveyed in an interview published in the Daily Mail: “The idea that Zelensky is going to change the president’s mind by badmouthing him in public media, everyone who knows the president will tell you that is an atrocious way to deal with this administration,” Vance said. “We obviously love the Ukrainian people,” but “we obviously think that this war needs to come to a rapid close,” he added.

And Vance followed with a reminder: “That is the policy of the president of the United States. It is not based on Russian disinformation.” Elon Musk has defended the Trump admin’s fierce critique of Zelensky. For example, Musk had tweeted out the following list by prominent pro-Trump account @DC_Draino: Want to know why Trump called Zelensky a Dictator? Here are the FACTS:
• He’s in year 6 of his 5 year term
• Declared martial law Feb 2022 and has banned elections since then
• Banned 11 political parties
• Passed law in 2022 to censor journalists and combined all news into one gov’t station
• Journalists investigating his corruption get conscripted and thrown on the front lines to die

The list ended with the observation that “Even Saddam Hussein held elections!” We should add to this list the ongoing persecution of the Ukrainian Orthodox Church by the Zelensky government, merely because it maintains spiritual communion with the Moscow Patriarchate. At this point, many pundits believe it’s only a matter of time before there’s a change in Ukraine’s government. European leaders are of course rallying around Zelensky, but the pressure and power of Washington is a different matter, and in essence Trump is warning that if the Zelensky doesn’t achieve peace, there will be drastic changes in Kiev.

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“He suggested that holding a vote amid the ongoing conflict with Moscow would undermine national unity.”

Zelensky Would Lose If Elections Were Held Now – Economist (RT)

Ukrainian leader Vladimir Zelensky would lose to his former Commander-in-Chief, Valery Zaluzhny, by a large margin if presidential elections were held in Ukraine today, the Economist has reported, citing “internal polling.” Zelensky’s five-year presidential term expired in May of 2024, and he has refused to hold elections since, citing martial law. Speaking late last month, Russian President Vladimir Putin stated that Zelensky no longer has the legitimacy required to sign any official agreement. In an article on Wednesday, the Economist writes that “many Ukrainians are clearly frustrated with their war leader.” According to data cited in the report, Zelensky “would lose a future election by 30% to 65% to Valery Zaluzhny,” should the former commander run for office. Zaluzhny currently serves as Ukraine’s ambassador to the UK.

The Economist further claimed that, in sharp contrast to the 90% popularity he supposedly enjoyed during the early days of the conflict in 2022, Zelensky’s ratings hit a low of 52% last month. On Thursday, Ukraine’s Strana.UA media outlet cited a recent survey conducted by the Socis polling company indicating that only 15.9% would vote for Zelensky, with Zaluzhny enjoying the support of 27.2% of respondents. The question of Zelensky’s popularity at home was raised by US President Donald Trump on Tuesday, when he told reporters that the “leader in Ukraine… he’s down at a 4% approval rating.” He also pointed out that calls for the Ukrainian leadership to hold elections are “not a Russia thing,” but rather “something coming from me, and coming from many other countries also.”

Responding to the US president’s claim, Zelensky suggested on Wednesday that Trump had fallen for “Russian disinformation.” The politician also cited a January poll from the Kiev International Institute of Sociology (KMIS) that indicated 57% of Ukrainians trusted him. The Ukrainian leader’s remarks apparently did not sit well with Trump, who blasted Zelensky in a post on his Truth Social platform later that day as a “dictator without election.” The US head of state reiterated his allegation that the politician “is very low in Ukrainian Polls,” concluding that “Zelenskyy better move fast or he is not going to have a Country left.” Speaking at the Munich Security Conference last Saturday, the Ukrainian leader claimed he was “ready to talk about elections, [but] Ukrainians don’t want this.” He suggested that holding a vote amid the ongoing conflict with Moscow would undermine national unity.

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“..officials in Kiev are making “absolutely unacceptable statements about other states,” adding that the downfall of Zelensky’s popularity is an “absolutely obvious trend.”

Trump ‘Very Upset’ With Zelensky – Rubio (RT)

US President Donald Trump is “very upset” with Ukrainian leader Vladimir Zelensky, according to Secretary of State Marco Rubio, citing a disagreement over a proposed mineral rights deal. In a sign of growing tensions between the US and Ukraine, Trump on Wednesday branded Zelensky a “dictator without elections,” accusing him of mismanaging the conflict with Russia and misusing American aid. Zelensky, whose presidential term ended last spring, has refused to hold a new election, citing martial law. Moscow deems Zelensky illegitimate, insisting that legal authority now lies with the Ukrainian parliament. In an interview with Canadian-American journalist Catherine Herridge on Thursday, Rubio said he believes that “President Trump is very upset at President Zelensky – and rightfully so.”

The secretary added that he “was personally very upset” with the conversation top US officials had with the Ukrainian leader over a prospective deal that would grant the US access to Ukraine’s vast mineral resources, suggesting that Zelensky flip-flopped on the issue. According to Rubio, the Americans tried to reassure Zelensky that “we want to be in a joint venture with you – not because we’re trying to steal from your country, but because we think that’s actually a security guarantee,” while stressing that the US wants to get back some of the money it had spent to support Kiev. “He said, sure, we want to do this deal; it makes all the sense in the world – the only thing is I need to run it through my legislative process… I read two days later that Zelensky is out there saying: I rejected the deal,” Rubio said, adding: “that’s not what happened in that meeting.”

The diplomat argued that “there should be some level of gratitude” from Ukraine. “When you don’t see it and you see him out there accusing the president of living in a world of disinformation, that’s… very counterproductive.” Rubio was referring to Zelensky’s response to Trump’s claim that the Ukrainian leader’s current approval rating is 4%. Zelensky has not directly addressed Trump’s “dictator” remarks. However, Ukrainian Foreign Minister Andrey Sibiga stressed that “the Ukrainian people and their President Zelensky refused to give in to [Russian President Vladimir] Putin’s pressure,” adding that “nobody can force Ukraine to give up.” Commenting on the feud between Zelensky and Trump, Kremlin spokesman Dmitry Peskov suggested that officials in Kiev are making “absolutely unacceptable statements about other states,” adding that the downfall of Zelensky’s popularity is an “absolutely obvious trend.”

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The Ukraine rare earth story becomes bewildering. Javier Blas says Ukraine has “no significant rare-earth deposits other than small scandium mines.” Others say they do have deposits, but these cannot be “dug up” in a profitable manner. And Zelensky wants a $500 billion deal for them?! Trump needs research.

Zelensky ‘Fooled’ Trump With Rare-Earth Mineral Prospect – Ukrainian MP (RT)

Vladimir Zelensky wildly misled US President Donald Trump when he boasted about Ukraine’s mineral deposits, Artyom Dmitruk, a member of Ukraine’s Verkhovna Rada, told RT. Zelensky offered the US a partnership to develop Ukraine’s minerals. “The Americans helped the most, and therefore the Americans should earn the most. And they should have this priority, and they will,” he told Reuters this month. He claimed that Ukraine has Europe’s largest titanium deposits, while Prime Minister Denis Shmigal wrote in an op-ed for Politico that the country’s subsoil contains “22 out of the 30 minerals listed as critical for the EU.” Speaking to RT on Thursday, Dmitruk argued that Zelensky’s tactic was deceptive. “It is an issue on which Zelensky has once again fooled the whole world, and, more specifically, Donald Trump and his team,” Dmitruk said.

“First, all of these resources, the rare-earth minerals, are currently located on the territories with active combat. Second, no one can say what the price of extracting these resources will be,” he added. “If these precious resources could have been mined so easily and on such a large scale as Zelensky promised, and if it would have been profitable, the companies in Ukraine would have started doing it long ago. It is yet another lie, another farce that Zelensky attempts to exploit.” A critic of Zelensky’s government, Dmitruk fled Ukraine in 2024 after being charged with assaulting a police officer. He denies any wrongdoing and insists that the prosecution is politically motivated. Speaking to RT, Dmitruk blamed “the party of war” in Kiev for the hostilities with Russia. Ukraine will face “an internal war and destruction” unless “the party of peace” prevails and negotiates a deal with Moscow, he argued.

On Wednesday, Zelensky confirmed that he refused to sign a deal that would have granted the US 50% ownership of Ukraine’s rare-earth minerals. “I cannot sell our country,” he said, stressing that Kiev demands that the West provide security guarantees against Russia. The feud between Trump and Zelensky escalated this week when the US president labeled him “a dictator without elections” and claimed that he is deeply unpopular at home. Trump’s national security adviser, Mike Waltz, told Fox News on Thursday that Ukrainians “need to tone it down” and sign the proposed minerals agreement. In an op-ed for Bloomberg on Wednesday, commodities expert Javier Blas wrote that Trump’s expectations of a deal for Ukraine’s rare-earth minerals are grossly exaggerated. He said Ukraine “has no significant rare-earth deposits other than small scandium mines.” Zelensky acknowledged earlier this month that around half of its rare-earth deposits are “under Russian occupation,” according to Reuters.

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What exactly do these “leaders” lead?

Western Leaders Back Zelensky Amid War Of Words With Trump (RT)

European leaders, including those from the UK, Germany, and the Czech Republic, have rallied behind Ukrainian leader Vladimir Zelensky after US President Donald Trump described him as a “dictator without elections.” In a post on his Truth Social platform on Wednesday, the Republican accused the Ukrainian leader of mismanaging the conflict with Russia and misusing American financial aid. Trump went on to claim that Zelensky “refuses to have elections” and “is very low in Ukrainian polls.” Trump’s post was apparently sparked by an accusation from Zelensky that the US president was in a “Russian information bubble.” Zelensky’s five-year presidential term expired in May 2024 and he has refused to hold elections since, citing martial law. Russian President Vladimir Putin has repeatedly stated that he does not consider Zelensky to be the legitimate head of the Ukrainian state any longer.

Commenting on Trump’s remark, Czech President Petr Pavel wrote in a post on X on Wednesday that characterizing Zelensky as a dictator “requires a great deal of cynicism.” He also called into question the feasibility of holding elections in Ukraine amid the ongoing conflict with Russia. British Prime Minister Kier Starmer’s office reported he had phoned Zelensky and expressed support for “Ukraine’s democratically elected leader.” The official similarly argued that “it was perfectly reasonable to suspend elections during war time,” citing Britain’s own practice during World War II. German Chancellor Olaf Scholz chimed in in a post on X on Wednesday, writing that “it is simply wrong and dangerous to deny President Zelensky democratic legitimacy.”

Several prominent US Democrats have also sided with Zelensky. Senate Minority Leader Chuck Schumer stated that “it is disgusting to see an American president turn against one of our friends and openly side with a thug like Vladimir Putin.” He suggested that the Ukraine conflict directly affects the “security of the American people.” Senator Adam Schiff also accused Trump of betraying Kiev and appeasing Moscow. Kremlin spokesman Dmitry Peskov noted on Thursday that the “rhetoric of Zelensky and many representatives of the Kiev regime in general leaves a lot to be desired.” Officials in Kiev “often allow themselves to make statements directed toward other heads of state, completely unacceptable things,” Peskov concluded.

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“If Zelensky was actually loved by the people of Ukraine, he would hold an election..”

Musk Claims Ukrainians ‘Despise’ Zelensky (RT)

A poll suggesting that Ukrainian leader Vladimir Zelensky is popular at home was rigged in his favor, billionaire Elon Musk, a key ally of US President Donald Trump, has claimed. “It should be utterly obvious that a Zelensky-controlled poll about his OWN approval is not credible!!” Musk wrote on X on Thursday. The post was in response to an unsourced claim on X that the US government provided grants to the Kiev International Institute of Sociology (KIIS), which released a poll suggesting that 57% of Ukrainians have confidence in Zelensky. “If Zelensky was actually loved by the people of Ukraine, he would hold an election,” he added, claiming that Zelensky is “despised by the people of Ukraine” and “would lose in a landslide.” “I challenge Zelensky to hold an election and refute this. He will not,” he wrote.

The owner of SpaceX, Tesla, and X went on to argue that Trump was “right to ignore” Zelensky and should pursue a deal with Russia independently. The public feud between Trump and Zelensky erupted earlier this month after Ukrainian and EU officials said they were blindsided by Trump’s decision to restore direct negotiations with Russia. Zelensky, who was not invited to the US-Russia talks in Riyadh on Tuesday, argued that the US president is “living in Russian disinformation space.” Trump responded by labeling Zelensky, whose five-year presidential term expired last year, “a dictator,” and said he failed to achieve a ceasefire with Moscow. He also claimed that Zelensky’s approval rating is 4%.

According to the KIIS, Zelensky’s popularity surged to 90% during the initial months of the conflict in 2022 and has since fluctuated between 60% and 50%. Polls also consistently suggest that if an election is held, Zelensky would lose to Ukraine’s former top general, Valery Zaluzhny, who is now the ambassador to the UK. Ukrainian officials have insisted that it is impossible to hold a new election under martial law. Russian President Vladimir Putin has stated that he no longer considers Zelensky the legitimate leader. Trump also recently said Ukraine should hold an election.

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“..more than 2,700 scientists have signed an open letter that cited his public attacks on figures such as Anthony Fauci..”

The Royal Society Moves to Expel Musk Over His Political Views (Turley)

Founded in 1660, the Royal Society is one of the most prominent scientific organizations in the world with associations to such luminaries as Sir Isaac Newton and Charles Darwin. Despite that proud history, British scientists are pushing to politicize the society and expel Elon Musk because they disagree with his political views. It is not simply anti-intellectual but self-destructive for a society committed to the pursuit of scientific knowledge. Few individuals in history have had a more pronounced impact on scientific and technological advances than Musk. His work on Space X alone has reshaped space technology. The upcoming mission to rescue the stranded scientists only highlights his transformative role and that of his company.

However, more than 2,700 scientists have signed an open letter that cited his public attacks on figures such as Anthony Fauci but also noted that ‘The situation is rendered more serious because “Mr. Musk now occupies a position within a Trump administration in the USA that has over the past several weeks engaged in an assault on scientific research in the US that has fallen foul of federal courts.” It is unclear what cases are being referenced, since there have been several rulings against efforts to enjoin DOGE and Musk. More importantly, such litigation has only just begun. Whether the challengers or the Administration “has fallen foul” is yet to be determined. Others made it clear that they simply disagree with Musk’s views.

Professor Dorothy Bishop, a University of Oxford psychologist, resigned earlier from the society, stating “I just feel far more comfortable to be dissociated from an institution that continues to honour this disreputable man.” Others accused Musk of spreading “disinformation,” a much-abused category in the United Kingdom as a basis for censorship. Many of these scientists seem selective in their outrage. I do not recall the Royal Society rushing to the defense of the many scientists who were fired or silenced over their dissenting views on COVID-19. That includes the lab theory that led to scientists being denounced as conspiracy theorists or racists. Now, federal agencies agree that the theory is legitimate and indeed favored by some offices.

Some experts questioned the efficacy of surgical masks, the scientific support for the six-foot rule and the necessity of shutting down schools. The government has now admitted that many of these objections were valid and that it did not have hard science to support some of the policies. While other allies in the West did not shut down their schools, we never had any substantive debate due to the efforts of this alliance of academic, media and government figures.

Not only did millions die from the pandemic, but the United States is still struggling with the educational and mental health consequences of shutting down all our public schools. That is the true cost of censorship when the government works with the media to stifle scientific debate and public disclosures. There is an alternative. The Royal Society could confine its review to the scientific contributions of figures like Musk. The subjectivity of this criticism should be antithetical to a scientific organization. Science is ideally a field that transcends political, social, and religious divisions. Few figures in history have advanced the cause of space travel and green technology as Musk. I hope the Royal Society will decline to engage in such political exclusions, but I am hardly hopeful. However, in carrying out this expulsion, they will do far more harm to their society than to Elon Musk.

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“The only institutions capable of purchasing tons of gold at $2,900 per ounce are the Federal Reserve and US Treasury by creating the money with which to pay for the gold.”

“The good news for Trump is that ending the conflict with Russia protects the dollar’s role as reserve currency.”

Whose Gold, if Anyone’s, Is in Ft. Knox? (Paul Craig Roberts)

If there is gold in Ft. Knox, whose is it? Many bullion dealers believe that any gold in Ft. Knox is not ours. Over the decades the gold was “leased” to bullion dealers who sold it into the gold market, thereby protecting the value of the dollar by holding down the gold price. “Leasing” the gold means that the US can still claim to own the gold. A sale has to be recorded or reported, but not a “lease.” Gold might also have disappeared through rehypothecation, which is the use by one party of another party’s asset to back their own financial or borrowing practices. The gold of other countries is also in Ft. Knox. Earlier this century, Germany requested its gold from Ft. Knox, and was told that the gold would be returned in seven years. This indicates that the gold was used by Washington for some other purpose and was unavailable to be returned to Germany.

For years Rep. Ron Paul and Sen. Rand Paul have tried to get a gold audit. Neither of these legislators were even permitted to enter Ft. Knox to see if any gold was there. Now that Elon Musk has announced a gold audit, holders of gold contracts have suddenly started to demand settlement in gold delivery rather than in cash and pocketing the profits. The amount of gold delivery being demanded from Comex, the US gold futures market, and its London equivalent is enormous, putting the ability to deliver under enormous strain. The only institutions capable of purchasing tons of gold at $2,900 per ounce are the Federal Reserve and US Treasury by creating the money with which to pay for the gold. The rise in the price of gold reflects the increase in physical purchases.

It seems clear enough that the Fed or Treasury is desperate to put gold back into Ft. Knox in advance of the audit. Previously, the Comex or futures market was used to hold down the price of gold by dumping huge amounts of short selling in the futures market all at once, often when there was no active trading, as Dave Kranzler and I have explained. The gold futures market is unique in that it can be shorted without the contracts being covered, unlike shorting equities. In effect, shorting gold is like printing money. The supply of paper gold in the futures market is increased simply by printing paper contracts. The increase in the paper supply of gold suppresses the price, because the price of gold is determined in the futures market, not in the physical market.

The current demand for gold delivery when the contracts come due, instead of settling in cash, has made it impossible to hold down the price of gold. There is speculation that President Trump intends to return the dollar to partial backing in gold in order to protect its status as reserve currency from a BRICS alternative. Unless and until US debt can be brought under control, the US dollar’s reserve currency status is essential for the financing of US budget and trade deficits. World central banks hold their reserves in US Treasuries. Thus, an increase in US debt simply means an increase in the reserves of central banks, something that is welcomed. If the dollar were not the reserve currency, financing the massive US debt would likely be impossible.

Trump’s attempt to restore normal relations with Russia, if successful, would require the end of the weaponization of the US dollar that is causing so much of the world to look for a different means of settling trade balances. This would take the pressure off of the dollar from the threat of an alternative reserve currency and reduce the urgency of getting US debt under control, but the pressure of mounting interest payments to foreign central banks on their Treasury holdings would still exist. The good news for Trump is that ending the conflict with Russia protects the dollar’s role as reserve currency.

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“..as Trump finally moves to end US involvement in the war in Ukraine, European leaders are scrambling to find ways to independently double down on the same security set-up that helped bring the war about in the first place..”

Trump Cannot Allow a Declining Europe to Drag the US Down (O’Keeffe)

Last week, leaders of European governments got very upset with the new Trump administration. First, Secretary of Defense Pete Hegseth said a return to pre-2014 Ukraine-Russia borders was an “unrealistic objective” in the coming peace negotiations and that European leaders shouldn’t assume American troops would be present on the continent forever. Then, Vice President JD Vance gave a speech at a security conference in Germany in which he admonished European governments for repeatedly violating the liberal democratic principles they loudly proclaim to defend. He cited the recent reversal of an election in Romania after the result went against what the ruling regime and its Western European allies wanted, as well as a plethora of crackdowns on political dissent from some of Washington’s closest allies on the continent.

Finally, President Trump announced that the US government would begin direct talks with the Russian government to negotiate an end to the war in Ukraine. Those talks began on Tuesday without any involvement from other European governments, including Ukraine. Needless to say, these statements and developments greatly angered European leaders who were evidently convinced the US would continue to station troops, send weapons, and provide funding for the continent’s security while letting the governments act however they wanted and while treating them as the primary parties in the proxy war we’ve been bankrolling. By all indications, the Trump administration’s goal here is to pressure European governments to spend more of their own taxpayers’ money to fund NATO. Which is unfortunate, because Europe is deep in a self-inflicted decline right now, and US taxpayers should not be forced to take part in it at all.

From an American perspective, the decline of Europe is tragic as some of the best aspects of our institutions and culture can be drawn back to the period of Europe’s rise. After the fall of the Roman Empire, Western Europe splintered into many small political units. The relatively small territories of these states, along with the presence of strong non-state institutions like the Church and an international merchant class, meant power was highly decentralized. As scholars like Ralph Raico, Nathan Rosenberg, and L.E. Birdzel Jr. have demonstrated, the highly decentralized set-up of Europe in the Middle Ages was the primary factor in generating the prosperity that went on to give the West more power and a safer, more comfortable standard of living than any other civilization in history. A respect for private property rights virtually unseen up to that point helped to create a justice system that only compounded the West’s success.

Unfortunately, the immense amount of wealth also allowed governments to siphon some of it off and grow very powerful. Chief among them was the British government, which used its people’s wealth to build the first truly globe-spanning empire. The British and other European ruling classes presented their lavish governments and foreign expansionism as a sign of national glory. But the rise of these large, powerful states represented the steady abandonment of the very institutions that had fueled Europe’s growth. The astonishing productivity of the Industrial Revolution kept the party going through the 1800s. But, famously, a series of war guarantees pulled nearly all of Europe into the largest, bloodiest war the world had seen in 1914. The sheer brutality of the war and the decisive defeat of the Central Powers—brought about by the US’s unnecessary entrance—set the stage for the rise of the Nazis and the second world war.

And WWII obliterated what remained of European power. In the decades since, much of Western Europe has sunk to the level of becoming de facto vassals of Washington, DC while moving even further away from decentralized institutions and a respect for private property rights. Which brings us to the European situation that Trump, Vance, and Hegseth confronted last week as they took the reins of the American government. Western European governments have instituted totalitarianism in the name of averting the rise of totalitarianism and built up another large network of war guarantees in the name of preventing another world war. The European establishment is seemingly still so traumatized from WWII that it acts like history began in 1933 and ignores all the important lessons from before that date.

After Vance’s comments last week, European officials went in front of the media and mounted a passionate defense of their totalitarian crackdown on dissent. And, as Trump finally moves to end US involvement in the war in Ukraine, European leaders are scrambling to find ways to independently double down on the same security set-up that helped bring the war about in the first place. The decline of Europe is a sad thing to watch. But the reaction from European officials to Vance calling them out on some aspects of that decline confirms that the people currently in charge over there will not be changing direction any time soon. If Europe is really set on shrinking back into obscurity through domestic totalitarianism, economic stagnation, or by setting off a new continent-wide war, American taxpayers should not be forced to help.

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“..it seems everywhere but the Indo-Pacific region is expendable..”

“And Just Like That” – Does NATO Even Exist Any More? (Every)

Even shrugging off three-plus weeks of shocking headlines, some in markets must surely wake up today “And just like that…” realize the world around them has changed dramatically. We no longer live in a market dream Manhattan with glamour, lunches, petty insults, and expensive shoes. Rather, we are in a reality with clamor, golf games, petty insults, and expensive jackboots. President Trump has called President Zelenskyy a corrupt “dictator” who ‘started the Ukraine War,’ warning he must make a deal while he ‘still has a country left.’ That sounded like Kremlin terminology to many European ears. Yet the US walking away from Ukraine without them even being at the table is no shock historically: does one not recall the fate of the Afghan government? Or President Mubarak? Or the South Vietnamese?

In response, Europe is assembling a crisis group of the EU, except Slovakia and Hungary, and everyone in NATO, except those two… and the US. This leads some to wonder if NATO can hold together. Yet without it, what can the others do? Even as the UK and France float air support for Ukraine, bringing them close to confrontation with Russia, that still requires US logistics: some ‘Great Power’ and ‘strategic autonomy’. Where next if the US defence umbrella which markets have been able to lunch and golf under since 1945/1991 folds? That question is also aimed at the EU. As Professor of European Studies @stefanauer_hku warns: “EUrope is finished. And it’s not just that France and Germany might no longer find it possible to work together (as @BecirovicMuamer points out). There will be conflicts between those countries who continue seeking security from the US (e.g., Poland) and those who won’t.”

Making his point, the Financial Times says European bond yields are rising and curves steepening on the prospect of that higher defence spending, i.e., Denmark just raised its arms spending by a massive 70%; as Ireland’s finance minister, the president of the group of Eurozone finance ministers, states the EU should stick to its spending rules rather than increasing defence investment – and who knows more about defence spending than… Ireland? Beyond the fiscal side, unless one boosts industrial production in tandem, which involves “What is GDP *for*?” choices, then higher defence spending just sucks in imports – and of whose weapons, if Europe and the UK don’t make them, and the US is seen as unreliable?

This isn’t solely an EU issue: China just sailed a warship 150 nautical miles from Sydney, showing its new power projection. Australians may tell themselves that it was just scouting for beach-side property in the eastern suburbs, but that is not much comfort. The jobs numbers today Down Under (+44K vs. +20K consensus) may have been good enough to keep the RBA on hold after their recent cut, but it’s no longer the major focus in Canberra, one might think. Indeed, the Washington Post reports Defence Secretary Hegseth has ordered 8% Pentagon budget cuts for each of the next FIVE years, which would almost halve current spending. Even addressing layers of fat and invoice-padding, it seems everywhere but the Indo-Pacific region is expendable. Of course, Congress may not agree, but if it does, many will be asking who has their back. One would assume the long end of curves will go back up to reflect that defence spending and uncertainty.

In what would otherwise be headline news, Elon Musk has floated sending $5,000 checks to each American from apparent DOGE savings, as Trump said he favoured sharing 20% of the total saved. Of course, this is all past (mis?)spending and that would just bring the US deficit back again. Undeterred, Commerce Secretary Lutnick stated a White House goal is to remove the IRS, as Trump backs the House budget bill that includes $4.5 trillion in tax cuts: note the 100% expensing for new US factories, the 15% for anything made in America, and lower taxes on oil producers in an attempt to drive energy prices down further. And that’s as President Putin floats an energy summit between himself, the US, and Saudi Arabia, who together control 40% of the world’s oil, following on from the US and Russia already suggesting that they may develop Arctic oil together.

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“Donald Trump’s representatives, rather than signaling a strategic retreat, have simply mocked EU leaders for their dependency.”

EU Leaders Fear America More Than They Fear Russia (Bordachev)

The uproar over the transatlantic rift on display at the recent Munich Security Conference will linger for some time. We will see more statements from Western European politicians, editorials in British newspapers urging Europe to stand up to Washington, and appeals for strategic autonomy. Yet, despite all this sound and fury, nothing fundamental is likely to change in US-EU relations. The real issue at hand isn’t whether Washington will abandon Europe. That is a false pretext – a smokescreen crafted by EU leaders to justify continued submission to their American patrons. Europe remains at the center of global politics not because of its own strength, but because it sits at the fault line of the US-Russia confrontation.

The presence of American nuclear weapons on European soil, the thousands of US troops stationed across the continent, and the continued relevance of NATO underscore one simple fact: Washington has no intention of loosening its grip on its European allies. The behavior of today’s European politicians is best captured by the old American folk tale of Brother Rabbit. Cornered by Brother Fox, the rabbit pleads, “Do anything, but don’t throw me into the thorn bush!” – knowing full well that the thorn bush is his safest refuge. European leaders perform similar theatrics, lamenting the prospect of being abandoned by the US, knowing full well that Washington will never truly leave. From Berlin to Paris, Rome to Madrid, Western European leaders publicly decry the risks of American disengagement. But this is grand theater. Their real fear is not Russia – it is the possibility that Washington might actually listen to their complaints and allow them to fend for themselves.

The truth is that none of the major EU states – Germany, France, or Italy – wants to engage in a war with Russia. Their citizens have no appetite for it. Unlike in 1914 or 1939, there is no mass mobilization of the public for conflict. Even Poland, despite its aggressive rhetoric, knows that its electorate has no stomach for prolonged military entanglement. A few thousand mercenaries may be sent to Ukraine, but they will not change the tide of war. The exception to this pragmatism lies in the small, vocal anti-Russian states – the Baltic republics, the Czech Republic, and some Scandinavian governments. But if Germany and France ever decided to pursue real diplomacy with Moscow, the concerns of these minor players would be irrelevant. Historically, the Nord Stream gas pipelines were constructed despite worsening Russia-EU relations because Berlin’s economic interests dictated it. The same could happen again, given the right conditions.

The greatest fear among Europe’s most ardent Atlanticists – especially in the Baltic states and Kiev – is not Russia. It is the potential for Germany and France to strike a separate deal with Moscow. Such a scenario would relegate them to irrelevance, a prospect that terrifies them more than anything else. But Western Europe’s ability to chart an independent course is constrained by American influence. The US maintains its dominance through military presence, economic penetration, and intelligence operations in key European countries. Germany and Italy, both defeated in World War II, remain under de facto American oversight. As long as this reality persists, Europe will remain geopolitically captive – whether it wants to be or not. Donald Trump’s representatives, rather than signaling a strategic retreat, have simply mocked EU leaders for their dependency. And yet, these same European politicians continue to toe the American line, repeating tired narratives about the Russian threat and the need to defend Ukraine. Why? Because they fear the consequences of American retaliation.

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“..the “presence of armed forces from NATO countries [in Ukraine]… is completely unacceptable to us.”

Kremlin Responds To Reports Of Plans For Western Troops In Ukraine (RT)

Moscow is concerned by reports that NATO member states are considering deploying troops to Ukraine, Kremlin spokesman Dmitry Peskov has said, reiterating that such a scenario would be unacceptable to Russia. On Wednesday, The Telegraph and Bloomberg cited anonymous Western officials as saying that the UK and France were preparing to present US President Donald Trump with plans for the establishment of a “reassurance force” for Ukraine, should Kiev and Moscow agree a peace deal. In an interview with Fox News the same day, US National Security Adviser Mike Waltz confirmed that British Prime Minister Keir Starmer and French President Emmanuel Macron would visit Washington next week. Speaking to reporters on Thursday, Peskov said Moscow is “certainly following all these reports most closely.”

Claims about the potential arrival of service members from NATO states in Ukraine “are causing concern,” he added, citing the ramifications this would have for Russia’s national security. “This is a very important topic to us,” Peskov said. He noted that Russian Foreign Minister Sergey Lavrov had stressed on Tuesday that the “presence of armed forces from NATO countries [in Ukraine]… is completely unacceptable to us.” The remark followed high-level Russia-US talks in Riyadh, Saudi Arabia, where the two nations agreed to work toward normalizing bilateral relations. According to The Telegraph and Bloomberg, the Anglo-French plan would involve around 30,000 troops being stationed in key Ukrainian cities and ports, as well as at nuclear power plants. The scheme purportedly envisages equipping the contingent with surveillance and reconnaissance aircraft as well as patrol vessels to monitor a potential peace agreement between Kiev and Moscow, with the US providing air cover in case of escalation.

In an article for The Telegraph on Sunday, Starmer proclaimed that the “UK is ready to play a leading role in accelerating work on security guarantees for Ukraine,” including by “putting our own troops on the ground if necessary.” Russia’s ambassador to the UN, Vassily Nebenzia, warned earlier this month that Western troops operating in Ukraine without Moscow’s consent would be seen as legitimate targets. A number of EU leaders, most notably French President Emmanuel Macron, have been floating the idea of sending military personnel to Ukraine since at least last February. Deliberations over such a move have reportedly intensified in recent months. Since Trump assumed office in January, his administration has signaled its willingness to scale down American involvement in Ukraine.

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Verhofstadt has for many years been the worst Brussels has to offer.

MEP Verhofstadt Says Trump Is ‘NATO’s Greatest Threat’ (RMX)

In an incendiary post on X, Belgian MEP Guy Verhofstadt called U.S. President Donald Trump the “greatest threat” to NATO, marking a sharp escalation in rhetoric, and potentially a threat to Trump himself. “Trump is Putin’s puppet, and he’s making it clear: NATO’s greatest threat isn’t abroad, it’s sitting in the White House. Blaming Zelensky for Russia’s war is outright Kremlin’s propaganda. He’s not just betraying the Atlantic alliance—he’s working to dismantle it. Europe, wake up NOW before it’s too late,” wrote Verhofstadt. The remarks come after an increasing war of words between Trump and Ukrainian President Volodymyr Zelensky, who Trump has now labeled a “dictator.” The U.S. president is seeking a peace deal to end the war in Russia and has sharply turned against Zelensky.

Trump said he had “4% support” in the country and needed to call new elections. He has also raised questions about what he says is $350 billion in missing funds. Zelensky was known to keep offshore accounts before the war and was named in the Pandora Papers. Accusations have swirled about Zelensky’s assets but much of it remains hidden in offshore bank accounts. Officially, he has approximately $4 million in assets. As for Verhofstadt, the very wealthy left-liberal politician is known for his deep hatred of politicians who oppose his agenda, with Hungarian Prime Minister Viktor Orbán one of his top targets.

In 2022, for instance, Verhofstadt called Orbán a “traitor” for his efforts to end the war in Ukraine. However, labeling Trump the “biggest threat” of NATO has borderline militaristic implications and calls into question what Verhofstadt thinks Europe should do about what he believes to be the biggest “threat” to the largest military alliance in history. The comments section to his post is lively, with some asking if Verhofstadt’s comment constitutes a threat in itself. Others point out to the incredibly lopsided amount of American military spending in comparison to Europe.

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“Trump and his team see the European Union not as a great power, but as a weak and divided entity that clings to illusions of parity with the United States..”

Russia’s Long-Term Play Is Much Bigger Than Ukraine (Trenin)

The reopening of US-Russia dialogue has triggered alarm, especially in Western Europe, where many see it as a potential repeat of Yalta — a grand power settlement taking place over their heads. Much of the commentary has been exaggerated. Yet, the pace of global change has clearly accelerated. The words and actions of US President Donald Trump, Vice President J.D. Vance, and other key Republican figures over the past ten days suggest that Washington has stopped resisting the shift to a new world order and is now trying to lead it. This is a well-known US tactic: when the tide of history turns, America prefers to surf rather than sink. Trump’s administration is not clinging to the crumbling post-Cold War unipolar order; instead, it is reshaping US foreign policy to secure America’s primacy in a multipolar world.

As Secretary of State Marco Rubio bluntly stated, multipolarity is already a reality. Washington’s goal is to be primus inter pares — first among equals — rather than a declining hegemon. Trump’s vision for North America is straightforward: from Greenland to Mexico and Panama, the entire region will be firmly bound to the US, either as part of its economic engine or under its military umbrella. Latin America remains an extension of this sphere, with Washington ensuring that outside powers — China, for example — do not gain undue influence. The Monroe Doctrine, in spirit, remains very much alive. Western Europe, however, is another matter. From Trump’s perspective, the continent is like a spoiled child — too long indulged, too dependent on American protection. The new US stance is clear: Europe must pay its way, both in military and economic terms.

Trump and his team see the European Union not as a great power, but as a weak and divided entity that clings to illusions of parity with the United States. NATO, meanwhile, is viewed as a tool that has outlived its purpose — one that Washington is willing to use, but only under its own terms. The US wants Western Europe as a geopolitical counterweight to Russia but has little patience for the EU’s pretensions of independence. While Europe remains an irritant, China is Trump’s real focus. His administration is determined to ensure that Beijing never surpasses Washington as the dominant world power. Unlike the Soviet Union during the Cold War, China poses a far greater economic and technological challenge to US supremacy. However, Trump sees an opportunity in multipolarity: rather than engaging in a global Cold War, America can leverage great power balancing to keep China in check.

India plays a central role in this strategy. Trump has already hosted Prime Minister Narendra Modi, signaling Washington’s commitment to deepening economic and technological ties with New Delhi. While India’s relations with China have somewhat stabilized since last year’s Modi-Xi meeting at the BRICS summit in Kazan, their long-term rivalry remains. The US is eager to nurture this divide, using India as a counterweight to Beijing in the Indo-Pacific region. This wider geopolitical context frames the latest shifts in US-Russia relations. Trump appears to have concluded that his predecessors — Joe Biden and Barack Obama — made critical miscalculations that pushed Moscow into China’s orbit. By aggressively expanding NATO and isolating Russia through sanctions, Washington inadvertently strengthened a Eurasian bloc that now includes Iran and North Korea.

Trump has recognized the failure of Biden’s Ukraine strategy. The goal of delivering a “strategic defeat” to Russia — militarily, economically, and politically — has failed. Russia’s economy has withstood the unprecedented Western sanctions, its military has adapted, and Moscow remains a pivotal global player. Now, Trump is seeking a settlement in Ukraine that locks in the current frontlines while shifting the burden of supporting Kiev onto Europe. His administration also aims to weaken Russia’s ties with Beijing, Tehran, and Pyongyang. This is the real logic behind Trump’s outreach to Moscow — it is less about making peace with Russia and more about repositioning America for the long game against China.

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Time for the two to meet.

Points Trump Is Now Making Are What Russia Said All Along (Amar)

Let’s play a game: It’s called “Putin says, and so does Trump.” Because, recently, after years of disagreeing on, really, everything – from the order of the world to the meaning of simple phrases such as “not one inch” – the leaderships of Russia and the US have suddenly found not merely a common language, but a lot to agree on. In particular regarding Ukraine, which used to be the Ground Zero of their great disagreement. That’s a good thing in case you wonder. As in, the good things that keep the world from burning, literally. The US president has just observed that World War III had become a real possibility under the preceding Biden/Harris (or whoever was really in charge) administration. And he’s correct: There’s a reason why the metaphorical fingers of the famous Doomsday Clock of the Bulletin of the Atomic Scientists have crept “closer than ever” to “midnight.”

Now, the American president agrees with the Russian one that Ukraine’s leader Vladimir Zelensky is one election short. Indeed, in a withering social media post, Trump has been blunt: Zelensky is a “dictator.” Donald Trump and Vladimir Putin also see eye to eye concerning the root cause of the Ukraine War, namely NATO’s – that is, let’s be frank, America’s – predictably catastrophic yet perniciously obstinate policy of overreach. That in turn, means Trump and Putin also share a sensible and rather traditional assumption which – somehow – many in the West’s elites have managed to forget: namely that all great powers have legitimate security interests in their neighborhood.

With thinking in Washington and Moscow converging this far, it is no wonder that there is agreement now as well on centering their relationship on sensible and mutually respectful dialogue on national interests. And speaking of national interests, Trump has been clear that he can’t recognize any in sinking ceaseless billions into the Zelensky regime, its war, and its humungous corruption. True, the American president may have gotten his precise figures wrong, but for all the NAFO-id “fact-checkers” (i.e. info-warriors) out there: Don’t be silly: Trump’s key point stands, whether the US has wasted 500 or somewhere between 100 and 200 billion dollars on this bloody and stupid business.

So does, by the way, his characterization of Zelensky as a “dictator.” I know, for many in the West it feels like root canal extraction to finally face that reality, but the Zelensky regime is authoritarian and its leader had no right to give himself a waver on his last election. Therefore, his term ran out on 20 May 2024. Since then, like it or not, Zelensky’s legitimacy has at the very best been in an extremely murky gray zone. Moreover, he did not turn so bossy because of the military escalation of February 2022. In reality, his many prewar opponents and critics in Ukraine were accusing him – correctly – of severe authoritarian tendencies in 2021 already.

And make no mistake: this is not a “soft” authoritarianism. It hasn’t “merely” muzzled the media, as even the staunchly bellicist New York Times has admitted. Instead, this is a regime with teeth and claws and a great appetite for harsh repression. Ask the members supportterts of the 11 – yes: 11 – opposition parties the Zelensky regime has long suppressed. Or the clergy and believers of the Ukrainian Orthodox Church (UOC) that has simply been banned. There are also individuals suppressed by police-state methods and even murdered in detention. Consider the cases of, for instance, the socialist activist Bohdan Syrotiuk, currently being subjected to a political trial, and the libertarian Gonzalo Lira, a US citizen and social media journalist, whom Ukrainian authorities tortured and killed for his criticism of the proxy war and the Zelensky regime (and also robbed him).

As should be clear by now, Trump and Putin and more broadly Russia and the US are not agreeing because of some dark Russian information war magic. Zelensky’s silly – and very arrogant – attempt to depict the American president as a helpless victim of Moscow’s “disinformation” only made Trump even angrier. And rightly so. Because the reason for the new spirit of agreement between Washington and Moscow is simple: Regarding Ukraine, the US government under Trump has rediscovered reality.

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“..he had proposed talks with China and Russia to discuss reducing all three nations’ nuclear stockpiles and cutting defense budgets in half..”

Trump Wants China Nuclear Deal – NYT (RT)

US President Donald Trump is seeking to strike a broad agreement with China that includes nuclear weapons security, the New York Times reported on Wednesday, citing White House advisers. According to the NYT, the desired deal would extend beyond trade relations, incorporating substantial Chinese investments and commitments to purchase more American goods. It should also address nuclear security – an issue Trump intends to discuss personally with Chinese President Xi Jinping, “more than half a dozen” current and former Trump advisers told the outlet. Michael Pillsbury, a China expert who advised Trump during his first-term trade negotiations, told the NYT that Trump had shared with him “a few months ago” his desire to secure a deal with Xi “that benefits both sides.”

Significant obstacles remain, according to the advisers, particularly as the Trump administration has yet to clearly define what it wants from Beijing. China remains one of the ”biggest national security threats” to the US but is also a major trading partner and a pivotal actor on a range of issues, including nuclear security, technology and pandemic preparedness. The Pentagon has said recently that China is the main defense priority for the US, describing it as a “peer competitor” with both the capability and intent to threaten US national interests in the Indo-Pacific region. Last week, Trump told reporters at the White House he had proposed talks with China and Russia to discuss reducing all three nations’ nuclear stockpiles and cutting defense budgets in half. He said he hoped to meet with Xi and Russian President Vladimir Putin “when things calm down.”

According to the NYT, some Chinese analysts have downplayed the likelihood of a deal as the country’s officials remain cautious about Trump and expect tensions to continue. However, they’ve been reportedly working on a proposal that could bring the US president back to the table. Relations between the two countries worsened during Trump’s first term, escalating into a trade war, after he imposed billions in tariffs on Chinese goods in 2018, citing unfair trade practices and intellectual property theft. China retaliated with its own levies on American exports, deepening the standoff. In early 2020, both sides reached a Phase One trade deal, but many commitments fell short, partly due to the Covid-19 pandemic.

Trump has recently imposed new tariffs on key trade partners, including a 10% duty on Chinese imports on top of existing levies. China strongly opposed the move, retaliating with tariffs on key US exports while urging Washington to return to negotiations. Both China and Russia have expressed a willingness to collaborate with the US regarding nuclear disarmament. Beijing has reaffirmed its “no first use” policy in response to Trump’s reported proposal of future nuclear talks. Russia’s deputy UN ambassador, Dmitry Polyansky, has said that substantive discussions on disarmament could restart if Washington shifts its stance. The last binding bilateral nuclear arms treaty between the US and Russia is set to expire next year.

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Puppy

 

 

Sea

 

 

Train

 

 

Donkeys

 

 

Swim
https://twitter.com/i/status/1892231692691152989

 

 

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

 

 

 

 

 

Jan 272025
 
 January 27, 2025  Posted by at 10:35 am Finance Tagged with: , , , , , , , , , ,  76 Responses »


Vincent van Gogh Weaver 1884

 

Trade War Ends In Less Than 10 Hours After Colombia Agrees To Trump’s Terms (ZH)
Trump Suggests ‘Cleaning Out’ Gaza (RT)
LA Will Reopen Pacific Palisades To Residents Starting Monday (ZH)
Trump Floats Eliminating Federal Income Tax ‘If The Tariffs Work Out’ (JTN)
Which Country Could Buy Greenland? (Sp.)
Iran War Hawks Getting Wrecked In Trump Personnel Fight (Ryan Grim)
Are Trump and His Supporters Ready for a Fight to the Death? (PCR)
Trump Fires ‘Virtually Worthless’ Inspectors General, Warren Freaks Out (ZH)
US Officials Pushing To Unfreeze Aid For Ukraine – FT (RT)
How Ukraine Lost Trillions-Worth of West-Coveted Natural Wealth (Sp.)
Unauthorized Peacekeepers In Ukraine Will Be Targeted – Russian Diplomat (RT)
Belarusian Peacekeepers ‘Best Option’ For Ukraine – Lukashenko (RT)
China Drops Powerful AI Model That’s Free, Fast and Better for Humanity (Sp.)
America’s Fiscal Doomsday Machine Must Be Stopped (David Stockman)
No Evidence Closing Schools Materially Reduced Covid Transmission (Turley)
The Great American Show (Pacini)

 

 

 

 

Young

CNN

CIA

Mearsheimer

 

 

 

 

It was over when President Gustavo Petro sent his own plane to pick up the migrants.

Trade War Ends In Less Than 10 Hours After Colombia Agrees To Trump’s Terms (ZH)

Update (10:26pm ET): Just after 10pm ET, and just under 10 hours after Trump lobbed the first shot in the first trade war of his second admin, the White House announced that Colombia had agreed to all of Trump’s terms, “including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay.” Based on this agreement, the White House notes, the hastily drafted tariffs and sanctions “will be held in reserve, and not signed, unless Colombia fails to honor this agreement.” The visa sanctions issued by the State Department, and enhanced inspections from Customs and Border Protection, will remain in effect until the first planeload of Colombian deportees is successfully returned.

The statement concludes by noting that President Trump “will continue to fiercely protect our nation’s sovereignty, and he expects all other nations of the world to fully cooperate in accepting the deportation of their citizens illegally present in the United States.” And just like that, Trump wins, in a victory so complete even the president of Colombia reposted his own loss. The only problem: the next trade wars – and there will be many – won’t be nearly as easy to win…

* * *
Update (6:50pm ET): Despite appearing to cave earlier when he ordered the use of the presidential plane to repatriate illegal aliens from the US, late on Sunday Colombia President Gustavo Petro ordered an increase of import tariffs on goods from the United States in retaliation to President Trump’s tariffs and sanctions. Petro, in a post on the social platform X, said he ordered the “foreign trade minister to raise import tariffs from the U.S. by 25%.” “American products whose price will rise within the national economy must be replaced by national production, and the government will help in this regard,” the post continued. Then in a meandering post in Spanish, the president also issued several empty threats to Trump.

Meanwhile, as Bloomberg notes, Colombian assets are set for a rout after US President Donald Trump said he’d implement a spate of tariffs and sanctions on the South American nation. The announcement of an emergency 25% tariff on all Colombian goods coming into the US, made by Trump on social media on Sunday, caught traders off guard — most of the focus so far has been on levies on Mexico, Canada and China. The move will likely spark a slump that will reverberate across local bond, currency and equity markets when trading opens Monday. Daniel Velandia, chief economist at Credicorp Capital Colombia, said the peso will weaken against the dollar Monday morning, adding that the economy could inch toward a recession in an “extreme scenario.”

“This is completely unexpected and unpredictable,” Velandia said. “We need to see how far Trump goes and how Colombia’s government will respond, hoping that diplomacy will be used to prevent adverse effects.” And it’s not just Colombia: the Mexican peso is also tumbling more than 1% in late Sunday trading amid concerns that the southern US neighbor will be next to suffer Trump’s wrath.

Jennings
https://twitter.com/i/status/1883668666853593325

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Only for Israel to take it over? Be very careful.

Trump Suggests ‘Cleaning Out’ Gaza (RT)

US President Donald Trump has suggested that neighboring Arab countries should take in Palestinian refugees and “clean out” the embattled Gaza. Speaking to journalists aboard Air Force One on Saturday, Trump said he spoke to King Abdullah II of Jordan about the war and was planning to speak with Egyptian President Abdel Fattah el-Sisi on Sunday. “I’d like Egypt to take people, and I’d like Jordan to take people,” Trump said. “You’re talking about probably a million and a half people, we just clean out that whole thing. It’s a real mess.” “It’s literally a demolition site right now. Almost everything’s demolished, and people are dying there,” he added. “So, I’d rather get involved with some of the Arab nations, and build housing in a different location, where they can maybe live in peace for a change,” Trump told reporters.

Both Egypt and Jordan have rejected the idea of displacing Palestinians from Gaza. Jordanian Foreign Minister Ayman Safadi affirmed on Sunday that the kingdom’s position against displacing Palestinians remains “irreversible and unchanged.” On Sunday, the Egyptian Foreign Ministry also stressed its commitment to defending the rights of the Palestinians and its opposition to uprooting Gaza’s population. The Palestinian Authority released a statement saying it would reject any plans of displacement. “We emphasize that the Palestinian people will never abandon their land or their holy sites,” it said. Around 1.9 million people – more than 90% of Gaza’s population – have been displaced since the war between Israel and Hamas broke out in October 2023, according to the UN.

Although the sides agreed to a ceasefire on January 15, Israel has since accused Hamas of violating a prisoner swap arrangement and halted the return of Gazans to their home in the northern part of the enclave. Both sides have also accused each other of ceasefire violations. On Saturday, Hamas handed over four female Israeli soldiers in exchange for the release of 200 Palestinian prisoners. The Israeli government said Hamas had initially promised to release a different hostage. Hamas took around 250 hostages and killed around 1,200 people in a surprise attack on Israel on October 7, 2023. More than 47,00 Palestinians have since been killed in Gaza, according to the local authorities.

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Mayor Karen Bass epitomizes everything that’s wrong with California. That round table with Trump was a cringe fest.

LA Will Reopen Pacific Palisades To Residents Starting Monday (ZH)

Two days after President Trump scolded Los Angeles for refusing to allow residents affected by the recent fires to return to their homes, Mayor Karen Bass announced that Pacific Palisades will be completely reopened to residents during daylight hours, starting Monday, Jan. 27. During a Friday roundtable, Bass told Trump that it was unsafe for residents to return. After residents at the meeting decried the slow response, Bass compromised – saying they could return “within a week.” Trump replied: “That’s a long time, a week. I’ll be honest, to me, everyone standing in front of their house, they want to go to work and they’re not allowed to do it. … They’re safe. They’re safe. You know what? They’re not safe. They’re not safe now. They’re going to be much safer. A week, a week is actually a long time the way I look at it.”

https://twitter.com/i/status/1882963981695955143

Residents of the Palisades began trying to their homes and lots on Saturday – some of whom were able to talk their way past police, according to Breitbart’s Joel Pollak, a Palisades resident whose house was spared. Pollak has been reporting from the ground since the fires began. The county’s decision to allow residents to return on Monday came with a caveat; weather permitting, and only until 5:00 p.m., which will allow people to sift through the rubble for belongings, or grieve and make peace with their loss.

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Confusing but interesting.

Trump Floats Eliminating Federal Income Tax ‘If The Tariffs Work Out’ (JTN)

President Trump said the U.S. could possibly eliminate the federal income tax if his tariff plans work out as intended. “If the tariffs work out like I think, a thing like that could happen, if you want to know the truth,” he said. “Years ago, 1870 to 1913, we didn’t have an income tax. What we had is tariffs.” Trump also said the additional IRS agents the Biden administration hired could potentially move to the border. “I think we’re going to move them to the border. You know, they’re allowed to carry guns,” he said. Trump touted his decision to designate drug cartels as foreign terrorist organizations. “Biden didn’t want to do that,” he said. “Biden didn’t know he was alive. He didn’t want to do it.”

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UK.

Which Country Could Buy Greenland? (Sp.)

Under the terms of an agreement made over a century ago, Denmark would have to give the UK the right of first refusal if it ever decided to sell Greenland, noted Tom Hoyem, former Danish minister for Greenland (1982-1987), as cited by The Sunday Times. “If Trump tried to buy Greenland, he would have to ask London first,” Hoyem explained, adding: “The United Kingdom demanded in 1917 that if Greenland were to be sold, the UK would have the first right to buy it.”

Why is this the case?
1.Canada, a British dominion at the time, is just a few miles from Greenland, across the Nares Strait, Hoyem explained. Since 2022, Canada has even shared a land border with Greenland on the tiny island of Hans.
2.The 1917 agreement stemmed from negotiations surrounding the purchase of the Danish West Indies (now the US Virgin Islands) by the United States.
3.The US bought the islands from Denmark for $25 million.
4.As part of the deal, Denmark required the US to sign a letter stating that Greenland “is and will forever be Danish.” President Woodrow Wilson agreed.

Then-incoming US President Donald Trump said on January 7 that Greenland should become part of the US and emphasized its strategic importance for national security and protecting the “free world,” including from China and Russia. Greenland’s Prime Minister Mute Egede said the island was not for sale. At the same time, Trump declined to pledge not to use military force to establish control over Greenland.

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“Trump, on Truth Social, said that his Presidential Personnel Office is actively in the process of identifying and removing over a thousand Presidential Appointees from the previous Administration..”

Iran War Hawks Getting Wrecked In Trump Personnel Fight (Ryan Grim)

A major whisper campaign is underway, led by neoconservatives in Washington panicked at President Donald Trump’s elevation of a string of foreign policy advisers who have spoken out against war with Iran. The first whack to the wounded war-hawk wing came when Mike Pompeo was blocked from a position in the White House, followed yesterday by the stripping of his security detail. That followed similar snubs to John Bolton and Iran hawk Brian Hook, both of which lost their security and have been kept out of the administration. Hook’s firing was a comical display of Trumpian humiliation. Trump, on Truth Social, said that his Presidential Personnel Office is actively in the process of identifying and removing over a thousand Presidential Appointees from the previous Administration, who are not aligned with our vision to Make America Great Again.

Jose Andres from the President’s Council on Sports, Fitness and Nutrition, Mark Milley from the National Infrastructure Advisory Council, Brian Hook from the Wilson Center for Scholars, and Keisha Lance Bottoms from the President’s Export Council—YOU’RE FIRED! What’s so amusing about Trump’s description of Hook as a member of the “previous Administration,” and his being lumped in with Democrats and a hated figure like Milley, is that Hook was named by Trump in November to chair the State Department transition. Anti-war Republicans vowed at the time to make sure he never got a job himself in the second Trump administration and sources tell me that Trump fired him after learning about his long record of criticizing Trump and his bellicose war rhetoric. Now he’s out, and is privately leading the rearguard fight against Trump’s nominees.

Much of that fight is leaking out into the pages of the magazine Jewish Insider. If you followed the effort by AIPAC to shape Democratic primaries in 2022 and 2024 by blocking critics of Israel, you already know that JI was the place to go to learn where AIPAC would be spending money. Articles warned that pro-Israel groups were “alarmed” at the rise of this or that candidate, often for entirely innocuous statements—or sometimes for just being related to somebody they didn’t like.

The same playbook is being rolled out against Trump’s nominees. In an article headlined, “Rumored for a Trump posting, Elbridge Colby’s dovish views on Iran stand out,” JI warned that Colby “has notably opposed direct military action against Iran.” He got the posting anyway, and is now one of the top officials at the Pentagon. This week, Trump rolled out more than a dozen more top appointments, without a single neocon in the list, raising the alarm in JI again. JI panicked about Michael DiMino, who previously worked for the CIA and the Pentagon, and was named to be deputy assistant secretary of defense for the Middle East. “Last year, [DiMino] dismissed Iran’s second ballistic missile attack on Israel as a ‘fairly moderate’ response and urged against bombing the Houthis in Yemen, instead calling for U.S. pressure on Israel to tamp down regional conflict,” JI warned.

The paper also expressed concern that Dan Caldwell, another conservative veteran skeptical of war with Iran, seemed to be playing a role in getting like-minded people into the Pentagon: “A leading opponent of traditional Republican foreign policy who advocates for a vastly reduced U.S. presence in the Middle East has been quietly involved in the transition process at the Defense Department, according to four people familiar with the matter, underscoring a distinct ideological shift in the Pentagon as President Donald Trump builds his new administration.”

The fight over Trump’s nominees is directly connected to the potential strength of the “ceasefire” in Gaza. Trump is expected to tap his Mideast envoy and real estate buddy Steve Witkoff, who browbeat Netanyahu into agreeing to the ceasefire, to negotiate with Iran. In order to get Saudi-Israel normalization and a nuclear deal with Iran, Trump needs the genocide in Gaza to end, which connects the three issues, and is why Israel is deeply hostile to Witkoff’s expanding portfolio. Trump created confusion about Witkoff’s growing role in comments to the press that JI eagerly but inaccurately reported as a rebuke of Witkoff.

Meanwhile, 11 Americans on a medical mission are being blocked by Israel from leaving northern Gaza despite having completed their scheduled mission. “This is not just about us–it’s about accountability,” Shehzad Batliwala, an ophthalmologist based in Dallas, told me. “The principle at stake is whether the Israeli military can arbitrarily detain U.S. citizens engaged in humanitarian work without even as much as giving a legitimate reason.” Two senior Trump officials, including Witkoff, have raised the issue with the Israeli government, according to sources involved. The team is on a mission with Rahma Worldwide, Dr. Batliwala said. “Many of us have critical responsibilities back home, including U.S. patients awaiting urgent care. For example, I have over 40 cataract surgeries scheduled next week.”

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“..if Trump 2 fails, “the American experiment will come to an end: bureaucratic rule will devour the constitutional order.”

Are Trump and His Supporters Ready for a Fight to the Death? (PCR)

In recent articles I have emphasized that President Trump and his supporters are in a life and death fight with cultural marxists who are dedicated to America’s destruction and who are institutionalized in every American institution—media, universities, law schools, Democrat Party, feminists, DEI contractors and corporations, Wall Street as epitomized by Blackrock, and the bureaucracies of every cabinet department and every federal agency. Essentially, it is President Trump and a few appointees at war with the entirety of the US government and educational and media establishments. Trump has arrived at the fight late in the game when the long march through the institutions is essentially complete.

In an article in the current issue of the City Journal, “Counterrevolution Blueprint,” Christopher F. Rufo, describes the extent to which the US government is in the hands of the enemy. In the 2020 presidential election employees of the Justice (sic) Department, gave 86 percent of their political contributions to Democrats. Labor Department employees gave 88 percent to Democrats. Health and Human Services 92 percent, and Education Department employees gave 97 percent. Rufo reports that these one-sided political donations are mirrored by tech companies and universities, bastions of left-wing ideologies and activism.

To give you an idea of just how bad the situation is, the Treasury Department, the task of which is economic policy, financing the debt and raising revenue, during the Obama regime added a new bureaucracy, “The office for Minority and Women Inclusion,” that is totally outside the Treasury’s responsibilities. This office continued under Trump’s first term, Rufo reports, and proselytized “critical race theory as an operating ideology, hiring consultants to conduct training programs teaching Treasury employees that America is a nation of systemic racism with a 400-year history of racial terrorism” that continues today.

During the Biden regime another activist left-wing bureaucracy was created in the Treasury, an Equity Hub with a Counselor for Racial Equity. Janet Yellen, the Jewish Secretary of the Treasury, and Kamala Harris, the black Vice President, quickly announced a $8.7 billion fund for lending only to minority-owned businesses, a blatantly discriminatory policy in violation of the 1964 Civil Rights Act and the 14th Amendment. You can imagine how many “minority-owned” firms were quickly created so that “deserving” people could be made millionaires by the US taxpayers. And you can rest assured that neither Yellen nor Harris were held accountable for violating law and the Constitution.

Not even this was enough. The Treasury forced federal contractors to implement DEI and monitored tax returns to make sure that tax-exempt donations to charities were racially balanced. Rufo describes the efforts of Nixon, Reagan, and Trump 1 to get the bureaucracy in compliance with the President’s policy. All failed. Nevertheless, Rufo has hope for Trump 2, and he sets out the necessary elements for taking back the President’s and the people’s power from a hostile civil service that is united against American values and are substituting the values of cultural marxism in their place. Rufo makes it clear that if Trump 2 fails, “the American experiment will come to an end: bureaucratic rule will devour the constitutional order.”

I certainly agree, having made many of these points myself. The question is: How realistic is it that Trump and a few appointees can subdue millions of people whose far-left ideology is guiding the US government and who not only despise Trump’s view of America but also hate Trump personally. It is impossible for Trump to achieve unity with ideologues supported by the Democrat Party who are totally opposed to his view of America. The competence and objectivity of the civil service, long under liberal attack, was finished off when the Clinton regime pushed the white male senior civil service into early retirement in order to “make room” for blacks and females. It was part of “affirmative action.” The DEI legions have been growing for decades. They are firm in their belief that white heterosexuals are racist, and they intend to finish the process started with discriminatory “affirmative action” to make normal white Americans second class citizens in law and position.

Insouciant whites have enabled their own suppression by turning over positions of power to their enemies. It remains to be seen whether this was a fatal mistake that has doomed a merit-based color-blind society. Where among critical race theorists and denouncers of Western–which means white–Civilization is there good will to which Trump can appeal? Democrat judges and a number of insouciant Republican ones will act to block Trump’s efforts. Trump has to be prepared to ride roughshod over them, their rulings be damned, just as they have ridden roughshod over the American people for decades. Trump cannot accept the rulings as anything but weaponized judicial statements no different than the weaponized law used against him, the January 6 protesters, and the right-to-life protesters.

Karl Marx said that good will was not an operative principle because each class acted only in its own interest. So what mediates between classes? Marx said that violence was the only effective force in history. Lenin, Stalin, Mao, and Pol Pot relied on violence. Formerly I disputed this view of the efficacy of violence, but just as we did not deal with Hitler based on good will, we cannot rely on goodwill when dealing with internal enemies who intend to destroy America with open borders and legal privileges based on race, gender, and sexual preference. As I am convinced that good will has played a role in effecting reforms, today perhaps I would modify Marx’s claim. I would substitute “effective” in place of “only.” Violence is an effective force in history. It seems that real change is impossible without it as the American Revolution exemplifies.

Today the clash is no longer between economic classes based on material interest. The clash is ideological. The America-is-evil forces are intent on replacing a color-blind merit-based society with a society based on race, gender, and sexual preference privilege. It is an ideological struggle like the one Lenin and Mao launched on Russian and Chinese societies. It is truly a fight to the death. If Trump loses, America loses as Rufo said.

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Shake it up.

Trump Fires ‘Virtually Worthless’ Inspectors General, Warren Freaks Out (ZH)

President Donald Trump fired at least a dozen ‘independent’ watchdogs known as inspectors general, who oversee government agencies – prompting immediate shrieking from the usual suspects who insist that the move is illegal. The ousters are likely to be one of Trump’s first major court battles since taking office – with at least one of the fired inspectors general, Cardell Richardson Sr. of the State Department – telling staff he’ll ignore Trump and show up to work on Monday, arguing that the firings are illegal, Politico reports, citing an anonymous source. Other fired inspectors general include those at State, Agriculture, Interior, Transportation, Housing and Urban Development, Education, Labor and Defense, the Small Business Administration, the Department of Energy, and the Environmental Protection Agency.

The inspectors general at the Department of Justice, Office of Personnel Management, the Federal Communications Commission, the Export-Import Bank and the Department of Homeland Security remain in place, according to the person. The inspectors general were dismissed via emails from the White House Presidential Personnel Office, with no notice sent to lawmakers on Capitol Hill, who have pledged bipartisan support for the watchdogs, in advance of the firings, the person said. The emails gave no substantive explanation for the dismissals, with at least one citing “changing priorities” for the move, the person added. -Politico. Speaking Saturday night aboard Air Force One, Trump told reporters that he didn’t know the inspectors general who were fired, but that “some people thought that some were unfair, or some were not doing the job,” and that the firings were “a very common thing to do.”

When he was asked if he planned to install loyalists in their place, Trump said he didn’t “know anybody that would do that,” adding “We’ll put people in there that will be very good.”As the Epoch Times notes further, Hannibal Ware, the inspector general for the Small Business Administration (SBA) and chairperson of the Council of the Inspectors General on Integrity and Efficiency (CIGIE), said in a Jan. 24 letter sent to Sergio Gor, director of presidential personnel at the White House, objecting to a series of dismissal emails Gor had sent to a number of inspector generals—including to Ware. “I am writing in response to your email sent to me and other Inspectors General earlier this evening wherein you informed each of us that ‘due to changing priorities, your position as Inspector General … is terminated, effective immediately,’” Ware wrote in the letter to Gor.

“At this point, we do not believe the actions taken are legally sufficient to dismiss Presidentially Appointed, Senate Confirmed Inspectors General,” Ware wrote. Ware said that the Inspector General Act of 1978 requires the president to notify Congress at least 30 days in advance of dismissal of an inspector general and that “substantive rationale, including detailed and case-specific reasons” for such terminations must be provided. Ware was confirmed to his role by the Senate in 2018. In 2024, President Joe Biden appointed Ware to also lead the Office of the Inspector General for the Social Security Administration. Ware’s eligibility to serve in the latter acting role, sans Senate confirmation, expired on Jan. 24. It’s unclear which inspectors general were told by the White House they are being fired.

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“..USAID in Ukraine has generally chosen to defy Rubio’s decree to issue “stop work” orders until it receives more clarification from Washington..”

US Officials Pushing To Unfreeze Aid For Ukraine – FT (RT)

Several US diplomats have urged the State Department to make an exception for Ukraine-related programs after President Donald Trump ordered a sweeping suspension on foreign aid, the Financial Times reported on Saturday. Trump’s order potentially jeopardizes support for Ukrainian schools, hospitals, and infrastructure development, although military aid remains intact, according to the newspaper. Acting on behalf of the US president, Secretary of State Marco Rubio issued instructions on Friday to suspend any new foreign aid expenditure for 90 days. Contracting and grant officers from the State Department and USAID were directed to “immediately issue stop-work orders… until such time as the secretary shall determine, following a review,” according to a leaked cable cited by the FT.

The newspaper claimed that by Saturday evening, several organizations in Ukraine had received orders to stop their operations until further notice. However, USAID in Ukraine has generally chosen to defy Rubio’s decree to issue “stop work” orders until it receives more clarification from Washington, the FT claimed. American diplomats campaigning for aid to Kiev to be unfrozen reportedly hope that they will be able to win Rubio over. “We do not know at this time whether this request will be approved — in whole or in part — but there are positive signals thus far out of Washington,” an email sent to USAID staff in Ukraine on Saturday said, according to the newspaper. The outlet claims that Rubio’s order endangers support for the development of Ukrainian infrastructure, energy, and economy projects, while not affecting American military assistance. The FT quotes an unnamed Ukrainian government official as saying that “military aid to Ukraine is intact. At least as of now, and it is certainly not part of this 90-day freeze.”

The pause in US foreign development aid was announced by President Trump on Monday, just hours after his inauguration. The freeze aims to review the effectiveness and alignment of aid with US foreign policy objectives. The only exceptions are military financing for Israel and Egypt, as well as foreign emergency food aid. Ukraine was not part of the list of exceptions. Since February 2022, the US has provided over $65 billion in military aid to Kiev, according to the State Department. However, Trump has been skeptical of the assistance, saying Ukraine has “had enough” and that it is time for a peace agreement to be reached with Russia. His team is reportedly aiming to end the conflict between Kiev and Moscow in 100 days, threatening Russia with more sanctions if it does not agree to negotiate. While Moscow remains skeptical about the timeline, it has signaled a willingness to engage in talks.

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Quite the loot.

How Ukraine Lost Trillions-Worth of West-Coveted Natural Wealth (Sp.)

Senator Lindsey Graham revealed the true purpose of NATO’s proxy war against Russia last year, stating that the US “cannot afford” to let Moscow win in Ukraine, a country that is “sitting on $10-12 trillion worth of critical minerals.” The West’s hopes of getting its hands on Ukraine’s stocks of natural resources are fast dwindling. Besides lithium (LINK) , the corrupt Kiev regime has lost control over reserves of coal, gas, oil, and rare earth metals worth a total of about $12 trillion.

Rare Earth Elements in Ukraine:
Lithium: Critical for batteries in electric vehicles and renewable energy storage.
Gallium: Vital for semiconductors and photovoltaic cells in solar panels.
Zirconium: Used in nuclear reactors, ceramics, and electronics.
Beryllium: Essential for aerospace, defense, and telecommunications.
Titanium: Used in aircraft construction, medical devices, and military applications.
Manganese: Necessary for steel production and batteries.
Scandium: Found in lightweight aluminum alloys, particularly for aerospace.

Key Deposits & Lost Control
• Donetsk People’s Republic (DPR) and Lugansk People’s Republic (LPR): Rich in beryllium, manganese, titanium, other rare metals. Ukraine was cut off from these resources when the DPR and LPR joined Russia in 2022 after status referendums.
• Crimea: The peninsula holds deposits of iron ore, scandium, zirconium, gallium, and titanium. Crimea rejoined Russia after a referendum in March 2014.
• Zaporozhye & Kherson Regions: Host deposits of lithium, titanium, beryllium, uranium, manganese and tantalum. Both regions joined Russia in 2022.

Coal/Gas/Oil
• Coal: Essential for power generation and industrial processes like steelmaking, Ukraine has lost 80% of its reserves, including all high-grade anthracite, a key resource now under Russian control in the DPR and LPR.
• Gas: Critical for powering industries and heating systems, 20% of Ukraine’s natural gas deposits are now controlled by
• Oil: Used to generate energy as well as produce gasoline and diesel fuel, 11% of rich oil reserves (DPR, LPR) are now on Russian soil.

Foreign Players Still In The Game In Ukraine
• Canada’s Black Iron Inc., engaged in iron ore mining at the Shymanovskoye deposit, is reportedly seeking a $1.1 billion investment agreement with Kiev.
• NEQSOL Holding, a global investment company with operations across 11 countries, acquired Ukraine’s United Mining and Chemical Company (UMCC) in 2024.
• Royal Dutch Shell and Chevron have longstanding production-sharing agreements with Ukraine for shale gas exploration.

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“Any contingent entering the territory of Ukraine without the consent and permission of Russia is a military target..”

Unauthorized Peacekeepers In Ukraine Will Be Targeted – Russian Diplomat (RT)

Any Western peacekeepers deployed to Ukraine without Moscow’s approval would become legitimate military targets, senior Russian diplomat Rodion Miroshnik has said. The statement was made in response to EU Military Committee Chairman Robert Brieger’s interview on Saturday with Die Welt, in which the general suggested that a ceasefire in the Ukraine conflict could be enforced by EU and international peacekeepers under a UN mandate. “Any contingent entering the territory of Ukraine without the consent and permission of Russia is a military target with quite understandable consequences,” Miroshnik wrote on Telegram on Sunday. “Why pretend? The attempts to invent ‘peacekeepers’ are not at all for establishing peace, but only attempts to use pseudo-humane methods to save [Ukrainian leader Vladimir] Zelensky’s Kiev regime from defeat?!” he said.

Zelensky insists that at least 200,000 European soldiers would need to be deployed to enforce a ceasefire between Kiev and Moscow. “From all the Europeans? 200,000, it’s a minimum. It’s a minimum, otherwise it’s nothing,” he said last week at the World Economic Forum in Davos. In addition, Zelensky ruled out acquiescing to one of Moscow’s key demands, cutting the country’s military to a fifth of its current strength. The subject of a Western peacekeeping force in Ukraine has resurfaced in recent weeks, as US President Donald Trump has vowed to push for a swift end to the conflict. Earlier in January, German Defense Minister Boris Pistorius and UK Prime Minister Keir Starmer both made statements about potentially putting boots on the ground in Ukraine as part of a peacekeeping force.

In January, Zelensky said he discussed the possibility with French President Emmanuel Macron, who floated the possibility of sending Western troops almost a year ago, prompting an outcry from other leaders. Moscow has rejected the idea of Western peacekeepers in Ukraine. Russia is “not satisfied” with proposals to postpone Ukraine’s NATO accession or “to introduce a peacekeeping contingent of ‘British and European forces’ into Ukraine,” Foreign Minister Sergey Lavrov said late last month. While Moscow is ready to resume peace talks with Kiev, it has stated that it will not allow a temporary freeze to the conflict, which would only serve to provide Ukraine breathing room to rearm.Any peace deal would have to be backed by “strong, legally binding agreements” addressing the root causes of the conflict, with mechanisms preventing violations of the agreements, Lavrov said. Moscow has insisted that Kiev must give up its ambitions to join NATO, demilitarize, denazify, and abandon plans to obtain nuclear weapons.

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“..there are no other [options]. All the rest will tilt the [situation] towards the West or the East. That is why they can only agree to Belarusian peacekeepers.”

Belarusian Peacekeepers ‘Best Option’ For Ukraine – Lukashenko (RT)

The Belarusian military is best suited for potential peacekeeping duties in Ukraine, President Alexander Lukashenko told journalists on Sunday. Other nations could attempt to use the mandate to their own advantage, he has said at a press conference in Minsk. Ukrainian leader Vladimir Zelensky stated earlier that at least 200,000 “European peacekeepers” would be needed to uphold a ceasefire between Ukraine and Russia. Lukashenko argued that Belarusians would be the best fit. “If [it comes to that] in the name of trust and fairness, they don’t have anyone except the Belarusian army,” the president said.

“It doesn’t mean that I would deploy my army – 70,000 men – as peacekeepers,” Lukashenko said. “But there are no other [options]. All the rest will tilt the [the situation] towards the West or the East. That is why they can only agree to Belarusian peacekeepers.” Only Belarusians are capable of “securing normal relations” between Russia and Ukraine, Lukashenko claimed. He stressed, however, that he has no immediate plans of donating troops for a peacekeeping mission. Lukashenko acknowledged that there would be “serious debates” about the composition of the force, and it would be unlikely that Ukraine and its Western backers would agree to the participation of Belarus.

According to media reports, France and the UK are considering sending peacekeepers if a ceasefire is reached. Lithuanian Foreign Minister Kestutis Budrys said earlier this month that he had “no doubt” his country would donate troops. In December, Kremlin spokesman Dmitry Peskov said that a peacekeeping mission could be discussed if negotiations are resumed. Russia’s Foreign Intelligence Service has warned that the West could use peacekeepers to “occupy” Ukraine and buy time for a new conflict with Russia. Lukashenko was reelected for his seventh term in office on Sunday, receiving more than 80% of the vote, according to the Electoral Commission.

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“..humanity could be saved from a privatized, weaponized, and monopolized AI wiping us out.”

China Drops Powerful AI Model That’s Free, Fast and Better for Humanity (Sp.)

The US and China are in an all-important race for AI supremacy, with America’s outspending of the PRC multiple times over and restrictions on the Asian nation’s ability to obtain sophisticated computing hardware seemingly having little impact.Advanced large language model DeepSeek R1 is taking users by storm, wowing reviewers and earning praise from AI-phobes. The Hangzhou-based tech startup’s new model beats OpenAI’s o1 on math and reasoning benchmarks, and blows Meta’s* Llama 3.1 and OpenAI’s GPT-40 out of the water in coding and complex problem-solving.The model is free to run locally, with access to its API priced at a fraction of competitors’ rates.The setup reportedly cost $5.6 million to train (vs $78 million for GPT-40), and uses performance-capped chips due to US restrictions, which also saw the use ban the delivery of more powerful processers to China.

Instead, DeepSeek R1 harnesses its power from superior compute efficiency. “We should take the developments out of China very, very seriously,” Microsoft CEO Stya Nadella said at the WEF’s annual meeting in Davos this week, days after DeepSeek’s latest model dropped. Piquing users’ curiosity is the way in which the tool generates responses, in a process nature.com dubbed “analogous to human reasoning,” and thus “more adept than earlier language models at solving scientific problems.” That’s great news for scientists engaged in data analysis, pattern recognition and predictive modeling across a broad array of fields, from astronomy and medicine to the earth sciences.

Best of All? It’s Actually ‘Open’. Unlike other commercially available models, which experts have dubbed “essentially black boxes,” DeepSeek R1 is open source, allowing users fearful of AI turning into Skynet on them to study how it works and even build on it. DeepSeek founder Liang Wenfeng told Chinese media last year that “research and technological innovation,” not profit, was the company’s priority, and that his ultimate goal is artificial general intelligence. If the mission succeeds and an open-source AGI is born, humanity could be saved from a privatized, weaponized, and monopolized AI wiping us out.

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Dizzying numbers.

America’s Fiscal Doomsday Machine Must Be Stopped (David Stockman)

The following is Chapter One of David Stockman’s latest book, How To Cut $2 Trillion: A Blueprint From Ronald Reagan’s Budget Cutter To Musk, Ramaswamy and The DOGE Team. We encourage you to buy copies for your Senators and members of Congress and to share the Amazon link with as many influential voices as you can.

The DOGE $2 trillion budget savings goal is crucial to the very future of constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out of control that the Federal budget threatens to become a self-fueling financial doomsday machine. Recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $930 billion and about 30% of GDP. By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion and 125% of GDP. Moreover, by the end of this decade the Federal fiscal equation will be going supercritical without sweeping budget reductions at the level of the DOGE target. Thus, by FY 2034 the annual baseline deficit according to CBO will total $2.9 trillion and 7% of GDP.

Yet even these enormous figures are based on a Rosy Scenario fairy tale. Namely, that Congress will never again adopt another spending increase or tax cut, including the impending $5 trillion extension of the expiring 2017 Trump tax cuts. It also conveniently assumes there will be no recessions, no inflation recurrence, no interest rate flare-ups nor any other economic crises for the remainder of this decade and forever thereafter. Furthermore, it presumes that these surging red ink totals and soaring debt service expenses would be copacetic in the bond pits just the same. That is, CBO inexplicably projects that 7% of GDP deficits and annual interest expense of $1.7 trillion or 4.1% of GDP by 2034 would be compatible with a weighted average yield on nearly $60 trillion of public debt of just 3.4%.

Yes, and if dogs could whistle the world would be a chorus! Give the average yield just another 250 basis points, however, and now you have $3.1 trillion of annual debt service expense and a $4 trillion annual deficit by 2034. In short, there is a doom-loop building inside the Federal fiscal equation and nothing short of the DOGE target of $2 trillion of annual budget savings by the end of this decade can reverse its explosive materialization in the years beyond. If sweeping budget retrenchment does not occur soon, in fact, soaring interest expense will ignite a veritable fiscal wildfire. On paper, the public debt would power upward unabated to $150 trillion or 166% of GDP by mid-century (2054) under CBO’s current Rosy Scenario projections. Of course, long before the debt actually hits this staggering figure, the whole system would implode. Every remnant of America as we now know it would go down the tubes.

So we need to be clear that the DOGE team of Musk and Ramaswamy must focus on savings of $2 trillion per year commencing relatively soon. That’s because the nation’s fiscal doomsday machine will be accumulating interest expense so fast as to make $2 trillion of savings spread over a longer period–such as a decade–little more than a rounding error. To wit, Federal interest expense has already passed the $1 trillion per year mark, will exceed $2 trillion per year in the early 2030s and would top $7.5 trillion per year at minimum by our calculations by mid-century. Stated differently, if something drastic is not done now – like a $2 trillion annual budget savings by the end of Donald Trump’s second term – America will be paying more interest on the public debt within 25 years than the entirety of today’s Federal budget.

That’s right: Debt service will exceed current outlays for Social Security, defense, Medicare, education, highways, the national parks, Head Start, interest, and the Washington Monument, too.Obviously, the sprawling Federal government and its prodigious expanse of spending and debt literally defies easy comprehension and graspable solutions. After all, the current annual budget of $7 trillion amounts to Federal spending of nearly $20 billion per day and $830 million per hour. And when you talk about the 10-year budget outlook, comprehension literally fades away completely: The current CBO spending baseline for 2025-2034 amounts to $85 trillion or just shy of the annual GDP of the entirety of planet Earth this year.

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Start handing out compensations.

No Evidence Closing Schools Materially Reduced Covid Transmission (Turley)

For years, scientists and commentators who questioned COVID policies were censored, blacklisted, and canceled across the country. Many of these dissenting views have since been vindicated from the lab origins theory to the lack of efficacy of surgical masks to the opposition to the closure of schools. Now, a new study in the Journal of Infection further undermines the once orthodox views of the pandemic, concluding that “reopening schools did not change the existing trajectory of COVID-19 rates.” In other words, we shut down our schools, without any demonstrable benefit to the country. We did, however, succeed in reducing free speech in the name of combating “disinformation.”

The report is based on one of the comprehensive studies to date on the pandemic: “Data were extracted from government websites. Cases and COVID-19 hospitalization and death incidence rates were calculated during the Delta and early Omicron periods in Australia, Canada, Denmark, Finland and the United Kingdom, for two weeks preceding and six weeks after schools reopened. We summarized stringency of public health measures (GRI), COVID-19 vaccination rates by age and SARS-CoV-2 testing rates.” In comparing these different countries, the scientists found no significant differences in reported cases: “No consistent patterns in cases, hospitalizations or deaths despite school re-openings or changes to public health measures,” The suppression of the lab theory and the targeting of dissenting scientists show the true cost of censorship and viewpoint intolerance.

The very figures claiming to battle “disinformation” were suppressing opposing views that have now been vindicated as credible. It was not only the lab theory. In my recent book, I discuss how signatories of the Great Barrington Declaration were fired or disciplined by their schools or associations for questioning COVID-19 policies. Some experts questioned the efficacy of surgical masks, the scientific support for the six-foot rule and the necessity of shutting down schools. The government has now admitted that many of these objections were valid and that it did not have hard science to support some of the policies. While other allies in the West did not shut down their schools, we never had any substantive debate due to the efforts of this alliance of academic, media and government figures.

Not only did millions die from the pandemic, but the United States is still struggling with the educational and mental health consequences of shutting down all our public schools. That is the true cost of censorship when the government works with the media to stifle scientific debate and public disclosures. Many still hope that Congress and the incoming Trump administration will conduct a long-needed investigation into the origins to allow for a more credible and open debate. That hope was increased by the nomination of Dr. Jay Bhattacharya, one of the organizers of the Great Barrington Declaration, to be the next head of the National Institutes of Health. One of the most lasting costs was born by our children who have shown both educational and psychological harm from the shutting down of schools. The study confirms what dissenters said all along: there is no evidence that this was necessary or had any benefit to society:

“Our findings show that there were no consistent patterns to case, hospitalisation or death rates in each country or jurisdiction, irrespective of whether schools were open for onsite learning or changes to PHSM. School closures were adopted by many countries as part of a suite of PHSM but in the future should only be implemented where there is strong evidence of effectiveness. Predesigned and approved study protocols, along with scenario-based planning for schools are needed to prepare for the next pandemic. The negative consequences on child health and development are profound, so understanding the role of schools in SARS-CoV-2 transmission should be a priority for pandemic preparedness and response.”

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Not the biggest US fan.

The Great American Show (Pacini)

We did it. The world has passed another American presidential inauguration. We are all still alive, protocol was carried out to perfection, and the people received their 12 hours of glory. Panem et circenses, as the ancient Latins teach, never fails. Only those who are necessary and useful are invited to Trump’s inauguration, while those who were not strictly necessary were left out.

There was the elite of the new Big Tech, those who have revamped American liberal-capitalism by taking it to a new level, trendier and more glamorous, but above all more popular, reshaping the cultural profiles of at least two generations; there were the tycoons of the big U.S. corporations and beyond, the most unrestrained tycoons, those who have no problem calling themselves “philanthropists” while giving starvation salaries to their employees whose jobs they cut with an AI while they are comfortably at the beach on their yacht; there were the leaders of the most bizarre religions (or something like that), who devoutly renewed their vote to the politician with the biggest wallet, except for the rabbis who are the only ones who received devotion from both outgoing Joe Biden and incoming Donald Trump; there were the women who paraded and released smiles to the press, those women who are considered great and important because they stand next to a powerful man; there were even guests from abroad, not to be missed.

A full day-long ceremony, just about as long as it takes to brainwash Americans four years. Everyone tries to understand the rationale for inviting people to the ceremony or, conversely, the lack thereof. And indeed there were curious presences and even more significant absences. There was no Paladin Zelensky, who pretends that he himself decided not to go, but will have to deal with Trump’s repeated statements about de-powering the war campaign in Ukraine. Also absent was German Chancellor Scholz, who said he thought it was normal not to be invited to the inauguration because the ambassadors were there anyway. The British Crown was not there, a signal we will have to remember very soon.

But at the same time, there were people like maid Prime Minister Giorgia Meloni, the Woman of the Year, awarded by the Atlantic Council directly from Elon Musk. She is in charge of guaranteeing the U.S. a new war economy, raising military spending to 2 percent of GDP, guaranteeing money and weapons to the Ukrainian front and, soon, men to be slaughtered in the trenches. She is in charge of securing access to the Mediterranean, for trade from the Middle East and Africa, as well as militarily controlling the expansion of Russia and China in the great southern continent. She is also the one who is to be the guarantor in the restructuring of Europe politically, ready to serve Washington as her predecessors taught her, from Giorgio Almirante onward. If she does her job well, she will stay where she is; if something goes wrong, her chair will jump.

There was also the insane Argentine President Javier Miley, who no doubt is in line with Trump both in terms of dastardly tax and labor policies and the Zionist struggle. That Miley who will be crucial to U.S. expansionist aims in South America, perhaps even more so than Lula, who, on the other hand, is too much of a free hitter for American tastes. Even the Chinese were there, from that China that Trump does not like but is comfortable doing business with and cannot be missed if the dollar is to survive, with Chinese Vice President Han Zheng in attendance. Symbolically, the Ceo of TikTok, Shou Zi Chew, was also present, because the U.S. knows how to use the infowarfare game, especially when elections in various countries are in sight. There were the FANG overlords – Facebook, Amazon, Netflix, Google – with all their boundless wealth of global control and manipulation, ready to change their corporate policies upon the arrival of the Potus. The logic of the whole process is simple: only those who are necessary and can be useful to the United States were invited.

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Wuhan

 

 

Seal

 

 

Cheetah

 

 

Prom

 

 

Rhino
https://twitter.com/i/status/1883420888210735152

 

 

Snake

 

 

Voila

 

 

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

 

 

 

 

 

Jan 222025
 


Salvador Dali Remorse – Sphinx Embedded in the Sand 1931

 

Biden Family Pardons ‘Unfortunate’ – Trump (RT)
Was Biden China’s Manchurian Candidate The Entire Time? (ZH)
Joe Biden Delivers the Final Blow to Mainstream Media (Turley)
Trump Roars Back Into Office: Why US Vassals Are Panicking (Marsden)
Trump Orders to Rename Gulf of Mexico into Gulf of America (Sp.)
Ukraine Conflict ‘Needs To End’ – Rubio (RT)
The Ukraine Conflict Is Reshaping The Global Order (Sushentov)
Zelensky Demands At Least 200,000 ‘Peacekeepers’ On Ukrainian Soil (RT)
Dmitri Rogozin On Fighting and Finishing The War Differently (Helmer)
Trump Renames US Landmarks (RT)
Trump Starts US Withdrawal From WHO – Again (RT)
Trump Delivered His J6 Pardons, Now Congress Must Decide (JTN)
Joe Biden’s Absolute Destruction of Freedom of Speech (Jay)
How the Justice Department Made the Case for the J6 Pardons (Turley)
2025: The Year the Global Order Unravels (Nick Giambruno)

 

 

 

Mearsheimer

Tucker

YMCA

UK

Pre-emptive

Raskin
https://twitter.com/i/status/1881542560759660709

 

 

 

 

The perfect term in the circumstances.

Biden Family Pardons ‘Unfortunate’ – Trump (RT)

US President Donald Trump criticized his predecessor Joe Biden on Monday for pre-emptively pardoning his family members as one of his last acts in office. Biden granted clemency on Monday to his relatives, including his brother James Biden, who has been accused by Republicans of influence-peddling and making false statements to Congress. In early December, the former president issued a controversial blanket pardon to his son Hunter, expunging his criminal record of a gun crime conviction. Following his inauguration, Trump commented on Biden’s final order of leniency at an executive order-signing ceremony, saying “it was unfortunate that he did that.”

The president made similar remarks at Capital One Arena in Washington shortly after taking office, where he also reiterated his intention to pardon hundreds of people convicted for their roles in the 2021 Capitol riot. Trump claimed he had followed the advice of his aides not to mention Biden’s use of clemency powers during his inauguration address. ”I finished my speech, and they said, ‘Sir he pardoned his whole family’. I said: ‘Oh, can I go back out there and talk about it?’,” Trump told cheering supporters, adding: “We have plenty of time to talk about it.” Biden has also shielded from prosecution former Chairman of the Joint Chiefs of Staff General Mark Milley, Dr. Anthony Fauci, who led the US response to the Covid-19 pandemic, and members of the congressional committee, which investigated the Capitol riot.

In a text cited by NBC anchor Kristen Welker, Trump reportedly called the order “disgraceful”, adding that “many are guilty of MAJOR CRIMES.” Biden has emphasized that his “issuance of these pardons should not be mistaken as an acknowledgment that any individual engaged in any wrongdoing.” Democrats have reasoned that Trump could abuse his presidential power in order to pursue a personal vendetta. Critics, including Milley, denounced Trump as a “fascist” during his second presidential campaign. The Republican accused his opponents of conducting a political “witch hunt” against him. Trump’s campaign victory has set a precedent, as he became the first US president to be elected after being convicted of a felony, stemming from a case in New York involving hush money payments to adult film actress Stormy Daniels.

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Billions for the Biden family.

Was Biden China’s Manchurian Candidate The Entire Time? (ZH)

“Was Biden China’s Manchurian candidate the entire time?” David Asher, an expert on illicit financing who previously worked at the US Defense and State Departments, asked on X, following the last-minute pardons that former President Biden issued on Monday morning for family members, including his brother, James Biden; his sister-in-law, Sara Jones Biden; his sister, Valerie Biden Owens; his brother-in-law, John T. Owens; and his youngest brother, Francis Biden. Asher said, “Biden just pardoned his family, not just Hunter. It’s a clear indication that they have a secret to cover up. Bohai (aka BHR) is worth billions. Via beneficial interest, Biden family may own up to 27%.” Hollywood lawyer Kevin Morris, Hunter Biden’s “sugar brother,” purchased Hunter’s 10% stake in the China-backed investment firm BHR Partners during President Biden’s first year in office. The move allowed the Biden family to declare they had divested from foreign business interests. Asher noted, “Hunter says he sold his shares in 2021 to his lawyer/landlord Smith but if that truly happened he would received several billion dollars,” adding, “No evidence of that. All signs are he owns at least 18.8%.”

“Bohai appears to own China defense company, Zhongkui Group as well. So potential direct ties to the People’s Liberation Army and domestic/foreign Chinese intelligence. WTF??” Asher emphasized. [..] Asher questioned: “Are their associates (Bulger, Morris, et al.) “beneficial shareholders” and have been the whole time? What did they do to be given “golden” founders shares, to begin with, if not for the Biden’s?” He continued, “Their shares apparently were worth hundreds of millions and possibly billions, at least on paper? So they received this from a Chinese Communist Party company – it is apparently the oldest private equity fund in all of China. While Biden was Vice President and then President? Why are Hunter’s buddies still on the board and or “supervisors.” What’s the deal between Whitey Bulger’s family and the Bidens? Was Biden a Manchurian candidate for the ChiComms?” Asher reposted a clip of Peter Schweizer, who said the Biden family pardons are merely “an extension of Joe Biden himself and his role in the family’s dealings.”

Earlier, the former president said blanket pardons to family members do not acknowledge wrongdoing, nor should acceptance be viewed as an admission of guilt. They cover all nonviolent offenses beginning on Jan. 1, 2014. This comes as various Biden family members have been under investigation for influence peddling. [..] Speaking with The Hill on Monday, House Oversight and Government Reform Committee Chair James Comer (R-KY.) said the pardons “validated” the investigations into Biden family members. “We finished our investigation, we published a very detailed report, and I think the pardons validate everything in that report,” Comer said, adding, “Now it’s Pam Bondi’s.” Asher continued, “Trump is making history on day one. We are going to end the BS in the USG and make things in government and for the people more than great again. Trump’s better than he’s ever been before. Even old line conservatives need to get on board.”

“If I get back in, the deep State will be upended and we will make the Department of State great again under Secretary Rubio— who is a total genius and tremendous leader under the president. China will pay for COVID and fentanyl. Iran will not be forgiven for attempting to kill the president and many others while it moves to build nukes to destabilize the Middle East and threaten the US and Europe. We can do a great deal without resorting to kinetic force. Peace through strength!” he concluded. The key takeaway is that the last-minute pardons for various members of the Biden family prompted Asher to conduct a public forensic analysis, which raises more questions than answers—particularly about whether Hunter still has ties (potentially beneficial interest) to BHR despite allegedly divesting several years ago.

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“It was done in the final minutes because it was raw and obvious. There is no pretense or apology. Just good old-fashioned corruption Biden-style.”

Joe Biden Delivers the Final Blow to Mainstream Media (Turley)

At 11:45 am, the media felt the final sting of the Biden scandal. It was delivered by President Joe Biden, who shattered any pretense of principle in pardoning family members allegedly implicated in the influence-peddling corruption scandal. According to an old fable, a scorpion convinced a leery frog to carry him across a river, noting that he could not sting him since they would both drown. Halfway across, the scorpion struck and the frog asked why he would doom them both. The scorpion replied “I am sorry, but I couldn’t resist the urge. It’s in my nature.” For those of us who have written about the corruption of the Biden family for decades, the pardons were crushingly predictable. The President simply couldn’t resist the urge.

In a city where corruption is a cottage industry, the Bidens have long been in a league of their own, from nepotism to influence peddling to illicit lobbying. In the influence-peddling scandal, millions were generated from foreign sources in virtual plain view. There were the luxury hotel rooms, a diamond, a sports car, and massive payments called “loans. In the summer of 2019, one Chinese businessman wired Hunter Biden $250,000 using Joe Biden’s Delaware home as the beneficiary address.” The sense of absolute impunity came out in shake-down communications. For example, there was the WhatsApp message to a Chinese businessman openly threatening the displeasure of Joe Biden if money was not forked over without delay. In the message, Hunter warned:

“I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled. Tell the director that I would like to resolve this now before it gets out of hand, and now means tonight. And, Z, if I get a call or text from anyone involved in this other than you, Zhang, or the Chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction. I am sitting here waiting for the call with my father.” That sense of impunity was due to mainstream media forming a protective shell around the family. The media refused to pursue the scandal despite the Hunter Biden laptop and clear evidence of influence peddling.

In 2020, CBS News’s Lesley Stahl literally laughed mockingly at then-President Donald Trump when he raised the Hunter Biden laptop and what it revealed about the Bidens. (Yet Stahl still recently expressed confusion and alarm that people were abandoning legacy media for new media.) Reporters assured citizens that the laptop was presumptive “Russian disinformation.” Even after the media belatedly acknowledged that it was authentic, MSNBC and Washington Post analysts were still making the claim last year. After Republicans in the House detailed millions in payments, the media shifted to claiming that there was no real scandal unless it was shown that Joe Biden actually received money directly. It was a ridiculous claim since courts have long treated money going to family members as the same as going directly to a principal as criminal conduct.

The media continued to protect Biden, as evidence showed that Biden had repeatedly lied about not meeting with Hunter’s clients or not having knowledge of his foreign dealings. As the media narrative continued to collapse, it latched on the promise of Biden that he would never pardon his son – proof that the President was willing to let the criminal justice system run its course.

Biden then was shown to be lying about the pardon promise. After he was forced out of the election, Biden signed a pardon for any crimes over a decade committed by his son. The media gave muttered “harrumphs” and moved on. Many said that it was understandable for a father of a son who struggled with drugs. Now, in the final minutes of his presidency, Biden pardoned his other allegedly implicated family members, including James Biden, Sara Jones Biden, Valerie Biden Owens, John Owens, and Francis Biden. James Biden was previously referred for criminal charges for lying under oath to Congress as part of its investigation into the corruption scandal. The pardons were clearly timed to avoid media scrutiny and questions. While he described the act as one of “conscience,” it was an almost mocking act of corruption.

In a strange way, it passed in Bidenworld as an honest moment. There were no claims of supporting an addicted son or dealing with a pending case. It was done in the final minutes because it was raw and obvious. There is no pretense or apology. Just good old-fashioned corruption Biden-style. It was as honest a moment as when Biden told a friend that “no one f**ks with a Biden.” There was nothing revealing in this about Biden. He could shrug and say, “It’s in my nature.” The sting instead fell on the media, which trusted Biden not to demean it further with such an unethical and disgraceful final act. The funny thing is that Biden made it across the river. He boarded his final flight with his family (and himself) protected by the misuse of his presidential authority. However, if he looked out the window, he could see his media allies slipping stunned beneath the waters.

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“You didn’t have to dedicate bandwidth to navigating lunacy like which pronouns you should be using when you meet someone. Or whether to chop off your kid’s junk before the school demands it for his mental health..”

Trump Roars Back Into Office: Why US Vassals Are Panicking (Marsden)

It’s shock and awe time for Uncle Sam’s allies in the clown car who have mindlessly gone along for the ride. Not only is freshly re-minted US President Donald Trump reversing course at breakneck speed but, if his newly declared priorities are any indication, he seems to be headed, pedal to the metal, all the way back to the 80s. One has to look back about 40 years to find a “simpler” time in Western society. Life was straightforward. You worked, earned a commensurate livable wage, and focused on your life and that of your family. Period. You didn’t have to dedicate bandwidth to navigating lunacy like which pronouns you should be using when you meet someone. Or whether to chop off your kid’s junk before the school demands it for his mental health and suggests you be re-educated if you object. Or whether your neighborhood soon risked looking like it was transplanted, in toto, from a foreign country.

Or whether there was stuff hidden inside your food that would only make its presence known once it had latched onto your inexplicably ever-widening backside. You knew about the foreign wars, and that they were a boon to the military industrial complex, but you didn’t get the impression that the country that was being invaded was like a foster child, commanding so many resources and attention that they were considered a big reason why your own life sucked. You figured that the folks in charge at least had enough sense to put the oxygen mask on their own people first. Now, it’s like Westerners in general are just supposed to embrace the martyrdom, gasping away and accepting to make the best of it. Americans ultimately rejected it all when they elected Trump. And if his recent executive orders within hours of taking office are any indication, he isn’t wasting any time on setting the Time Machine to a return to the pre-woke era.

With a stroke of the presidential pen, he’s now brought back the two-gender reality, deprived men of the opportunity to excel in women’s sports, and terminated government-sponsored diversity, equity, and inclusion policies. As a woman who has championed first- and second-wave feminism, the kind that ended by the 80s before being hijacked by lunacy that perverted the interests of women and minorities – it’s about damn time. The Democrats have had a long run at corrupting the once honorable struggle for equality. “This war against women started a long time ago with old Democrats who took over the Republican Party, which was, before that, the very first to support the Equal Rights Amendment,” second-wave American feminist icon and “Ms.” Magazine founder, Gloria Steinem, explained to The Humanist in 2012.

“Even when the National Women’s Political Caucus started, there was a whole Republican feminist entity. But beginning with the Civil Rights Act of 1964, right-wing Democrats like Jesse Helms began to leave the Democratic Party and gradually take over the GOP,” she said. Democrats ultimately ensured that everyone would become paralyzed by self-censorship in standing up against divisive and woke left policies, for the fear or being cancelled at best and officially sanctioned at worst. Trump has now taken that threat and others off the table, ordering that “no Federal Government officer, employee, or agent engages in or facilitates any conduct that would unconstitutionally abridge the free speech of any American citizen.” He’s also made it illegal to use any government resources to infringe on free speech.

Trump also made a long anticipated presidential pardon and commutation order that effectively places the January 2021 Capitol Hill rioters on par with the much less stigmatized and prosecuted antifa counterparts on the other side of the ideological coin. And he’s tasked the armed forces with actually defending the US by placing them at the border, and slapping the terrorist label on cartels endangering the US rather than on a group on the other side of the world in a country targeted for the “liberation” of its natural resources. Trump has now pulled the US out of the Paris Climate straitjacket, er, agreement. You know, the one that was such a brilliant idea that it’s proven to be a total failure. Maybe next time don’t try to legislate the temperature of the entire planet, and make it seem like citizens could do their part by yelling at their neighbor to recycle his Coke cans.

Trump also ordered a withdrawal from the World Health Organization, citing costs and its “mishandling of the Covid-19 pandemic.” He’s basically doing everything that he figures will make the US wealthier, from lifting the ban on Alaskan oil drilling to declaring a national energy emergency. And he doesn’t seem too interested in continuing or starting wars unless he can see a clear net return on investment for the hassle. “We will measure our success not only by the battles we win, but also by the wars that we end and, perhaps most importantly, the wars we never get into. My proudest legacy will be that of a peacemaker and unifier,” Trump said in his inaugural address.

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Much more yet to come.

Trump Orders to Rename Gulf of Mexico into Gulf of America (Sp.)

US President Donald Trump on Tuesday ordered renaming the Gulf of Mexico into the Gulf of America, according to an executive order published by the White House. “Within 30 days of the date of this order, the Secretary of the Interior shall… take all appropriate actions to rename as the “Gulf of America” the U.S. Continental Shelf area bounded on the northeast, north, and northwest by the States of Texas, Louisiana, Mississippi, Alabama and Florida and extending to the seaward boundary with Mexico and Cuba in the area formerly named as the Gulf of Mexico,” the order read. The secretary will also have to remove all references to the Gulf of Mexico in the Geographic Names Information System (GNIS) database to reflect the change.

Pardoning Capitol Rioters
US President Donald Trump on Tuesday signed an executive order to pardon approximately 1,500 people who took part in the January 6, 2021, Capitol attack. The order was the first one Trump signed upon arrival at the White House as the 47th President of the United States. More than 1,570 defendants have been federally charged with crimes related to the January 6 attack, when Trump supporters stormed the Capitol in an attempt to prevent the certification of Vice President Joe Biden’s victory.

Plans to Rebuild US Military
US President Donald Trump has said he is planning to rebuild the US military, as he did during his first presidential term. “We totally rebuilt the United States military in 2017-2019 … now, we are going to do it again,” Trump said during the inaugural ball. He also added that the US military will be so strong “that we don’t have to use it.”

Withdrawing from the World Health Organization
US President Donald Trump signed an executive order on Tuesday withdrawing the US from the World Health Organization (WHO). The president criticized the organization’s funding policies, namely the fact that the US is being demanded to pay more than China, whose population is bigger. In May 2020, Trump, during his first presidential term, announced that the country would withdraw from the WHO following his criticism of the organization’s coronavirus response. His successor, Joe Biden, retracted Trump’s decision on his first day in office.

Foreign Aid Suspension
Trump has signed an executive order to suspend foreign development aid for 90 days to assess these programs’ compliance with the US foreign policy. “By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered … (a) 90-day pause in United States foreign development assistance for assessment of programmatic efficiencies and consistency with United States foreign policy,” the order said, as quoted by the White House.

Declaration of Emergency
US President Donald Trump has signed an executive order to declare a national emergency at the country’s southern border. “This is a proclamation declaring a national emergency at the southern border of the United States,” an announcer said during a ceremony. On Monday, Fox News reported that Trump would sign 11 executive orders to deploy the military to the southern border, immediately resume construction of the border wall and direct federal agencies to reinstate the Remain-in-Mexico policy, among other things.

Boosting US Energy Market Standing
US President Donald Trump on Tuesday signed an executive order boosting energy production in the US. The order provides for easing “permitting processes and other regulatory systems” to ensure effective drilling in the country.

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Wonder if Rubio and Trump realize how little wiggle room Russia has left after incorporating Crimea and the 4 regions. They can’t just make them subject to negotiations.

Ukraine Conflict ‘Needs To End’ – Rubio (RT)

US Secretary of State Marco Rubio has said that US President Donald Trump will begin working on a ceasefire agreement for Ukraine “almost immediately.” Rubio was the first high-level cabinet member of the new Trump administration to be confirmed by the Senate on Monday following Trump’s inauguration. Speaking to journalists shortly afterwards, Rubio said Ukraine will be a “top priority” for Trump and that efforts to reach a ceasefire will begin straight away, but did not give a specific timeframe for ending the conflict with Russia. Some of the groundwork has “already been laid,” Rubio said, adding that it will be a complicated process. “I mean, it’s a complex conflict and a bloody one, and it needs to end,” CNN quoted him as saying.

Rubio insisted that both Ukraine and Russia will have to concede “something” as part of any deal, but he did not elaborate on what such concessions might be. Asked for specifics, Rubio said negotiations with such high stakes “are best conducted through diplomacy” rather than public forums. “Obviously the countries involved, both the Russians and the Ukrainians, will have to make ultimate decisions about what they agreed to,” Rubio said. During his campaign for president, Trump had repeatedly promised to resolve the Ukraine conflict within “24 hours” if returned to the White House. Asked on Monday following his inauguration whether he would keep that promise, Trump joked that he had “half a day left.” Trump also reiterated his willingness to meet with his Russian counterpart Vladimir Putin with a view to finding a diplomatic settlement of the crisis, saying that he wants to get it done “as quickly as possible” and that the conflict “should never have started.”

CNN reported on Monday that Trump has instructed aides to set up a phone call with Putin within the first few days of his term. The call is expected to lay the groundwork for meetings aimed at ending the conflict over the coming months, CNN said. Responding to that report on Tuesday, Putin’s foreign-policy aide Yuri Ushakov said that Moscow had not been contacted by the White House yet. Putin extended good wishes to Trump ahead of his inauguration on Monday, saying he “welcomes” the new president’s comments about wanting to restore relations with Moscow and “the need to do everything to prevent World War Three.” Moscow remains committed to its principles and believes that dialogue must be built on an “equal and mutually respectful basis,” Putin said.

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“Ukraine has become both a key instrument and a weak link in the American strategy.”

The Ukraine Conflict Is Reshaping The Global Order (Sushentov)

The era of monolithic “Atlantic solidarity” is over, and Russia has been a major catalyst for this erosion. The United States has emerged as the primary beneficiary of the Ukraine crisis. Relations between Russia and Western Europe have been disrupted, energy infrastructure has been undermined, and the EU has been compelled to overpay Washington for military and energy supplies. However, the Americans will derive limited benefit from a deep normalization of relations: ties with Moscow will remain distant, and the tools for pressuring its European NATO allies will weaken. The interaction between the US and its European “friends” has long been viewed as a unified “transatlantic project,” based on a shared vision of security and common values. But the rise of incoming US President Donald Trump exposed fractures within this construct.

His November election win was warmly welcomed by Hungarian Prime Minister Viktor Orban, who anticipated economic gains for his country. In contrast, French President Emmanuel Macron expressed concerns and urged EU partners to consolidate against the unpredictability of Trump’s foreign policy, calling for a more united and sovereign Western Europe. Trump’s provocative actions, such as the proposal to annex Greenland, part of NATO ally Denmark, or his threats to withdraw the US from the bloc if European countries do not increase their financial contributions, were not mere eccentricities. These statements represented a departure from the traditional American strategy of acting in cooperation with allies and offering a framework of engagement where loyalty to Washington came with shared benefits for all parties.

It has become clear that the US now prioritizes its national interests above the collective goals of the Euro-Atlantic community. For decades, the West pursued the idea of an expanding “golden billion,” where the transatlantic project sought to absorb more states through economic integration and the spread of liberal democratic values, or military alliances. The goal was to showcase a high standard of living, ideological greatness, and technological superiority to the rest of the world, gradually integrating them into the Western order. Russia’s “red lines” and its push for a multipolar world order – rooted in cooperation with countries of the “world majority” – significantly limited this expansion. A clash became inevitable: the West’s support for nationalist forces in Kiev was aimed at swiftly integrating Ukraine into Euro-Atlantic structures. Moscow, however, saw this as a direct threat to its security.

Today, Trump’s rhetoric has reinforced a “every nation for itself” mentality among European leaders, pushing them toward national self-interest. Political forces in Germany, Italy, and Hungary are increasingly questioning the unconditional support for Washington’s policies. Western Europeans are becoming less enthusiastic about sanctions and military aid to Kiev, while major EU players are calculating how to ensure their own security and economic stability. Although these sentiments are not yet mainstream among Western elites, voices are growing louder that blame the West for deepening the Ukrainian crisis and advocate for rapprochement with Russia. The era of monolithic “Atlantic solidarity” is undeniably over, and Moscow has played a key role in this transformation.

Meanwhile, Kiev itself has refused to negotiate with Russia and rejected the settlement formula discussed during the Istanbul talks. Vladimir Zelensky’s political survival depends on continuing the war, regardless of the toll it takes on Ukraine. This impasse, coupled with America’s strategic gains from the conflict, makes a meaningful resolution unlikely in the near term. The root of the Ukrainian crisis lies in the collision of two grand geopolitical projects: the rigidly homogeneous transatlantic solidarity of the West and Russia’s vision of a multipolar world that embraces the natural diversity of national identities.

Ukraine, especially after the 2014 Maidan coup, has become the central battleground for this competition, a test of which system is more durable and adaptable and which vision better understands global realities and offers the most effective solutions in a world growing increasingly complex and diverse. These questions remain unresolved. Ukraine has become both a key instrument and a weak link in the American strategy. Washington’s attempt to use Kiev as leverage against Moscow has faced staunch resistance from Russia and growing divisions within the transatlantic alliance. The outcome of this struggle may lead to a broader transformation of international relations, with a shift toward a multicentric world order and a rethinking of the US role in Europe.

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Trump has suspended all foreign aid for now. Zelensky can’t be happy with that.

“..Putin would field a military force of some 2 million against the West..”

“..Putin will certainly return with an army ten times larger than the force he had in early 2022..”

Zelensky Demands At Least 200,000 ‘Peacekeepers’ On Ukrainian Soil (RT)

Ukrainian leader Vladimir Zelensky has reportedly urged European nations to deploy at least 200,000 troops in his country to enforce a potential ceasefire agreement with Russia. Speaking to the media on Tuesday, he said a lower number of foreign “peacekeepers” would amount to “nothing,” according to Reuters. The remark came after Zelensky’s speech at the World Economic Forum in Davos, Switzerland. Previously, several media outlets claimed the UK and France were considering sending troops to Ukraine, in the event that the hostilities are suspended. Zelensky’s attendance at the gathering of international business and political elites coincided with the inauguration of Donald Trump as the 47th president of the US. Trump’s administration has already paused all foreign aid programs pending review, and has pledged to ensure a swift resolution of the Russia-Ukraine conflict.

In public remarks on Tuesday, the Ukrainian leader urged Western leaders to double down on supplying Kiev with weapons and financial support, warning that if they fail to do so they could face a Russian attack on NATO in the foreseeable future. Russian President Vladimir Putin would field a military force of some 2 million against the West, Zelensky said, offering no evidence for his assertion. ”Unless we have strong security guarantees, be it NATO [membership], or a military contingent and long-range weapons deployed on the Ukrainian territory, Putin will certainly return with an army ten times larger than the force he had in early 2022,” he claimed. Zelensky estimated the number of Russian troops involved in the Ukraine conflict at 200,000 in February 2022, compared to 608,000 at present.

Ukraine has consistently portrayed its army as a bulwark protecting Europe from Russia. Zelensky and other senior figures in Kiev have argued that Western powers are obliged to provide foreign aid, as Ukrainian soldiers are dying in place of Western troops. Moscow has characterized the hostilities as a Western proxy war against Russia, in which Ukrainians are being used as ‘cannon fodder’. Russian officials contend that Washington pushed the tensions to boiling point while ignoring Russian security concerns stemming from NATO’s expansion in Europe, and increasing cooperation with Ukraine. Addressing these issues, Moscow insists, is an essential step towards a lasting resolution to the crisis.

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“Rozogin’s principles of war policy are acceleration on the offensive; decapitation of Vladimir Zelensky; and comprehensive militarization of the Russian domestic economy..”

Dmitri Rogozin On Fighting and Finishing The War Differently (Helmer)

In anticipation of the start of end-of-war negotiations between President Donald Trump’s retired general Keith Kellogg and the Kremlin, Dmitri Rogozin has proposed three fresh principles for the Russian outcome – acceleration, decapitation, mobilization. Since 1996 Rogozin is the longest running contestant for the Russian presidency — longer running than Vladimir Putin, Dmitri Medvedev, Sergei Glazyev, or Alexei Kudrin; only the serial loser, Gennady Zyuganov of the Communist Party, has been running for longer. At 61, Rogozin is eleven years younger than President Putin, two years older than ex-president Medvedev, and more than ten centimetres taller than both of them. If sources for Kremlin election strategy are to be believed, the most likely vote-getter to succeed if Putin retires in 2030 will be recruited from the Time of Heroes legion who are being placed into political circulation each December since the Special Military Operation (SVO) began.

With a family of Russian military leaders extending from the 13th and 17th centuries to his father, two doctorates, and state service as Putin’s ambassador to NATO, deputy prime minister for the military industrial complex, and head of the Russian space conglomerate Roskosmos, Rogozin is a unique figure in current politics. As the sitting senator for Zaporozhye region engaged in running an active military unit on the front, Rogozin is combining the military and civilian qualifications for the succession. He has also remained relatively free of oligarch ties; his line on domestic economic planning and investment priorities is anti-oligarch and war mobilizational alongside Glazyev and Mikhail Delyagin. Not even the hit jobs organized by political rivals like Alexei Navalny and the Kiev regime, have been able to silence or kill him.

Rozogin’s principles of war policy are acceleration on the offensive; decapitation of Vladimir Zelensky; and comprehensive militarization of the Russian domestic economy. Last week in a nationally circulated press interview, he called for “victory so that the armed conflict ends faster, so that we can begin a peaceful life faster…The war changes every three months. It becomes impossible to fight in the old way. New means of destruction are emerging. We must keep in mind that here we are fighting against the entire military-industrial complex of the Western countries — they are testing their weapons on us. Therefore, not only do we have no right to lag behind, we must be ahead of the curve.”

“We need solidarity of the rear and the front. Moscow, St. Petersburg, other major Russian cities should stop living their carefree life, pretending that nothing is happening. We will never return to the state that was until 2022. Never. Everyone needs to understand that. Society must understand the depth of the problem and help the army with everything it can. Only victory will bring an end to the conflict. The war cannot be frozen. Or else the war will be inherited by our children and grandchildren.”

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“McKinley himself never visited Alaska.”

Trump Renames US Landmarks (RT)

US President Donald Trump has signed an executive order renaming Mount Denali, the tallest mountain in the US, and the Gulf of Mexico. The text of the order was released by the White House on Monday. According to the document, titled “Restoring Names That Honor American Greatness,” the purpose of the renaming is to promote American heritage. Trump had announced the changes in his inaugural speech on Monday. ”The naming of our national treasures, including breathtaking natural wonders and historic works of art, should honor the contributions of visionary and patriotic Americans in our Nation’s rich past,” executive order reads. The mountain in Alaska will once again be called Mount McKinley, its name from 1917 to 2015, when then-US President Barack Obama returned the peak to its original native name.

’McKinley’ bears the name of the 25th US President William McKinley, who led the US to victory in the Spanish-American War in 1898. As a result of the peace treaty, Spain relinquished its claim to Cuba, and ceded sovereignty over Guam, Puerto Rico and the Philippines to the United States. The US also annexed the independent state of Hawaii during the conflict, thus expanding its territory. McKinley himself never visited Alaska. The executive order changes the official US term for the Gulf of Mexico to “Gulf of America.” The body of water, located in the southeastern region of North America and bordered by the US, Mexico and Cuba, “has long been an integral asset” of the nation and is “an indelible part of America,” the executive order states.

It adds that the gulf’s natural resources and wildlife “remain central” to the national economy. Trump’s “Make America Great Again” slogan, first introduced in his 2016 presidential campaign, has been a cornerstone of his latest political initiatives, with the new executive order emphasizing “American greatness” in its title and linking the restoration of historic names to Trump’s broader vision of national pride. The renaming moves are part of a flurry of executive orders that Trump signed on Monday. Among them are a ban on government officials violating freedom of speech under the guise of fighting misinformation, a reversal of protections for transgender rights, and a suspension of foreign aid.

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With Covid, Tedros, Bill Gates, what choice is left?

Trump Starts US Withdrawal From WHO – Again (RT)

President Donald Trump has announced that the US will exit the World Health Organization (WHO). On Monday, his first day in office, he signed an executive order to initiate the process of withdrawing, declaring that the US would leave the UN global public health agency within 12 months. The move marks the second time Trump has ordered his country’s withdrawal from the WHO. He took steps to exit the organization in 2020, accusing it of assisting China in efforts to “mislead the world” about the origins of Covid-19. His successor Joe Biden would then reverse the decision, in his own inauguration-day move. Trump’s order on Monday stated that the US was withdrawing “due to the organization’s mishandling of the Covid-19 pandemic.”

It also cited the WHO’s alleged “failure to adopt urgently needed reforms, and its inability to demonstrate independence from the inappropriate political influence of WHO member states.” The president also argued that the organization imposed “unfairly onerous payments” on the US, which were disproportionate compared to contributions from other, more populous countries, such as China. ”World Health ripped us off, everybody rips off the United States. It’s not going to happen anymore,” Trump said at the signing of the executive order, according to media. The WHO, as a coordinating authority on international health issues, relies on funding from dues-paying member states and on voluntary contributions. The US has for decades been one of the organization’s largest donors.

During the Biden administration, the US remained the largest contributor to the WHO, which has a budget of $6.8 billion for the current fiscal year. In 2023, nearly one-fifth of its funding was provided by the US. The US has been a member of the WHO since its inception in 1948, and the withdrawal would make the country the only major power absent from the 194-member organization. In a statement released on Tuesday, the WHO expressed “regret” over Washington’s decision to withdraw, emphasizing its critical role in global health and security. The agency underscored its recent reforms aimed at enhancing accountability and efficiency, urging the US to reconsider its decision for the benefit of global health.

Speaking to reporters on Tuesday, China’s foreign ministry spokesperson Guo Jiakun said Beijing would continue supporting the WHO. “The role of the WHO should only be strengthened, not weakened,” Guo said. In November, Trump nominated long-time vaccine skeptic Robert F. Kennedy to become US Secretary of Health and Human Services (HHS). RFK Jr. was among the vocal critics of the WHO-recommended Covid-19 response measures imposed by governments around the world, namely strict lockdowns and the introduction of rapidly developed vaccines. Kennedy’s nomination has yet to be approved by the Senate.

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“What did an official panel of Congress do that was so bad it needed to be absolved by an act of presidential clemency?”

Trump Delivered His J6 Pardons, Now Congress Must Decide (JTN)

President Donald Trump wasted no time Monday night delivering the pardons he promised Jan. 6 defendants – 1,500 in all. And in so doing, he upped the pressure on House Speaker Mike Johnson to repudiate the findings of a Democrat-run panel whose findings have been factually challenged and whose conduct required an act of clemency. The conduct of the Democrat-run Select House Committee on the Jan. 6 attack garnered new scrutiny Monday when departing President Joe Biden issued sweeping pardons for all lawmakers and staffers on that committee as well as a handful of police officers who testified to the panel. It was a stunning act – some lawmakers who served on the committee also called it unwelcomed – that begged a provocative question: What did an official panel of Congress do that was so bad it needed to be absolved by an act of presidential clemency?

“You don’t forgive somebody of something unless they have potentially done something,” said Rep. Barry Loudermilk, the Georgia Republican who took over the Jan. 6 probe from Democrats two years ago and exposed major factual flaws with the original investigation’s findings. “I mean, to me, this is basically, if not an actual admission, it’s truly the perception of admitting that there was wrongdoing done,” Loudermilk told Just the News. Loudermilk has pushed for months for Congress to vote on whether the findings of the Jan. 6 committee that Democrats ran should be repudiated for history’s sake. His request is rooted in his own investigative finding showing the committee misled the American public, held exculpatory evidence and possibly colluded with federal prosecutors.

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“Blinken thanked those present for asking difficult questions, when in fact, none had really been asked in 4 years.”

Joe Biden’s Absolute Destruction of Freedom of Speech (Jay)

Sometimes the internet seems to be overbrimming with video clips showing hilarious examples of what a failed state actually looks like. One of the most common is MPs, or ‘deputies’ actually fighting in their own parliaments against one another. The irony of these clips is that they are usually uploaded by westerners who use to them as a tool to boost or gentrify the reality of western countries’ democratic models. But no more. Thanks to Joe Biden’s genocidal maniacs club, the last days of his rule gave us a gem in the form of a press conference where the limit of just how America is anything but a functioning democracy was stretched to breaking point in what appeared to both be deeply sad yet comical at the same time.

As the odious Anthony Blinken gave his patronizing speech to the so-called journalists amassed before him which felt a little like an aristocrat who had gathered the servants in the library to congratulate them on finding an item of lost jewelry of her ladyship’s, we witnessed in real time what America and what these State Department’s press briefings really are: a fraud. Blinken thanked those present for asking difficult questions, when in fact, none had really been asked in 4 years. Why? Because that is not part of the unwritten rules of how these press briefings work. But the moment he had mentioned the “difficult questions” he was, perhaps appropriately, delivered a series of difficult questions by the Jewish American journalist Max Blumenthal.

What was not so surprising was how none of those questions were answered as Blinken, being a smart operator, knew if he kept composed and didn’t rise to the bait it would probably anger Blumenthal even more allowing the tirade to look on camera at least like a rant which had got out of control. Seconds passed and Blumenthal was ushered away by officials which he didn’t offer any resistance to. Moments passed before the veteran arab journalist Sam Husseini also asked more difficult questions to an increasingly startled Blinken before we see the extent of how far America has abandoned its own free speech doctrine which it used to espouse to the rest of the world: Husseini was actually physically removed by overweight, armed police officers who you can see quite clearly feel uncomfortable about what they are doing, which most people would associate with a tin pot West African country’s ruling junta and not the American government at a press conference.

But the really shocking part of this story was yet to come: the absolute refusal by colleagues in the press room to even verbally object will have stunned journalists all over the world. It provokes many questions about journalism and what these individuals in the room think they are actually doing. We were given though a clue to quite how far journalism has died in the West and been replaced by a cheaper, easy wipe brand called ‘pseudo journalism’ – where actors take one function of journalists but who effectively work for the ruling elite rather than previously for the masses who used to fund the model by buying the actual publications. CNN reporting of the fiasco was very telling. They lost no time putting the boot into Blumenthal, who, naturally they must despise as he functions as a real journalist and they have long forgotten what this entails years ago, opting for the new model of fake news operator. They referred to Blumenthal as an “activist” – a typical slur from big media to individual journalists who carry out stellar work.

The truth about this incident is that such press conferences at the state department or indeed in the European Commission in Brussels are entirely staged. They are a theatre concocted by the elite and the press themselves as part of a dirty deal whereby the journalists ask the softball questions which allow the top figures to deliver the prepared spiel. The so-called journalists sign up to this and in return get access to individuals and scoops – although it’s important to note that the scoops are nearly always new items which serve the state’s purpose. It’s a game which has been going on for a long time and the humble masses don’t understand how they are being taken for a ride by the magicians’ allusion of something which might look credible. In these press gatherings some journalists are even asked to present certain questions which are even suggested by those holding the conference, something I witnessed myself a lot in Brussels.

It was not that the questions put to Blinken were so harsh, or even unconventional. The point is that both Blumenthal and Husseini broke the house rules when they went rogue and did what most people would view to be the role of real journalists: ask unscripted questions. Look what happens when journalist do this. We are treated to a debacle which we would expect to see in the global south, or certainly in Nazi Germany in the 30s. And this is America? The cat is out of the bag. The whole world can see now how America has lost all its links with the democratic model and become an autocracy, run, financed and ruled by Israel’s cash. Netanyahu and his cronies must have had a really good laugh watching those journalists being removed like that.

Presumably their press accreditations will be removed and certainly the worry that both of them will have is that they now mysteriously find themselves being investigated for tax irregularities, theft, fraud or even having child porn on their computers. Journalists like Blumenthal are the biggest threat to the deep state as they will never be part of the establishment and therefore will always be the most dangerous guy to tackle. The one who has nothing to lose is your biggest threat. I don’t imagine Trump and his cabal will be any kinder to him despite The Grayzone taking a more grown-up approach to Russia and how the Ukraine war is reported, as opposed to CNN’s stenographic reproduction of the State Department’s narrative, seasoned by fake news on occasion.

The real enemy for western elites is the feral truth. All pretense of a functioning democracy were eradicated in a matter of minutes with this press conference calamity which has now replaced those MPs in that central European country throwing chairs at one another in their own parliament. Great job, Joe.

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“For the Justice Department, it must feel like the Visigoths arriving at the gates of Rome . . . only to be let in by the citizens.”

How the Justice Department Made the Case for the J6 Pardons (Turley)

On January 20, 2025, the “shock and awe” campaign of the Justice Department came to an end as President Donald Trump pardoned 1,500 January 6th defendants. Four years ago, the Justice Department set out to send a chilling message to the nation. In an interview with CBS News a year later, Justice Department official Michael Sherwin indicated that they wanted to send a message with the harsh treatment of defendants. Sherwin explained that “our office wanted to ensure that there was shock and awe … it worked because we saw through media posts that people were afraid to come back to D.C. because they’re, like, ‘If we go there, we’re gonna get charged.’ … We wanted to take out those individuals that essentially were thumbing their noses at the public for what they did.” The awe is gone but the shock remains at the Justice Department.

If Sherwin and his colleagues hoped to “Trump proof” the nation, they failed in spectacular fashion. While there was ample basis for criminal charges, the excessive treatment of some of the January 6th defendants undermined the credibility of their prosecutions for many. That is no easy feat. Most of us denounced the January 6th riot as a desecration of our constitutional process. Those who engaged in the rioting, and most importantly the violence, needed to be punished. However, what followed left many increasingly uneasy. The Justice Department rounded up hundreds and, even though most were charged with relatively minor crimes of unlawful entry or trespass, the Justice Department opposed the release of many from jail and sought absurdly long sentences in some cases. It also sought restrictions on defendants that raised troubling first amendment concerns.

In my recent book, “Indispensable Right,” I discuss these cases and their troubling elements. A good example is the handling of the most well-known case of the so-called QAnon Shaman. Bare-chested, wearing an animal headdress, horns, and red-white-and-blue face paint, Jake Angeli Chansley became the iconic image of the riot. Seeking to make examples of these defendants, the Justice Department took special measures in hammering Chansley. He was held in solitary confinement and denied bail. Chansley was treated more harshly because of his visibility. It was his costume, not his conduct, that seemed to drive the sentencing. In the hearing, Judge Royce Lamberth noted, “He made himself the image of the riot, didn’t he? For good or bad, he made himself the very image of this whole event.” Lamberth hit Chansley with a heavy 41-month sentence for “obstructing a federal proceeding.”

However, long withheld footage, showed recently that Chansley (like hundreds of people that day) simply walked into the Capitol past police officers and was then escorted by officers through the Capitol. At one point, two officers not only appear to guide him to the floor but actually try to open locked doors for him. Chansley is shown walking unimpeded through a large number of armed officers with his four-foot flag-draped spear and horned Viking helmet on his way to the Senate floor. Does that make Chansley’s actions acceptable, let alone commendable? Of course not. He deserved to be arrested and punished. However, what many saw was a troubled individual being made an example for others. In my book, I discuss how, in history, “rage rhetoric” was allowed to become “state rage.” This is one such case.

Trump ran on the promise to pardon these defendants and secured not just the White House but the popular vote. It was not just the public that rejected the narrative of January 6th as an “insurrection.” In the recent Supreme Court decision in Fischer v. U.S. to reject hundreds of charges in January 6th cases for the obstruction of legal proceedings, the Court left most cases as simply a mass trespass and unlawful entry. The shock may be gone for these defendants, but it may only be beginning for the Justice Department and the FBI. When the campaign of Hillary Clinton secretly funded the infamous Steele Dossier to launch the Russian conspiracy investigation, it was the Justice Department that was not just the willing but eager partner. The “insurance policy” described by former FBI official Peter Strzok was redeemed in investigations that derailed much of Trump’s first term.

Later, it was the Justice Department again that pursued a no-holds-barred effort to convict Trump before the election. The Justice Department is the hardest of silos in Washington to reform. Unlike most departments, it is largely homogenous, with thousands of lawyers who share professional and cultural ties. It is a department composed of people who are by their very definition, litigious. Trump insisted on selecting an Attorney General, nominee Pam Bondi, who has no past ties or identification with the department. For the Justice Department, it must feel like the Visigoths arriving at the gates of Rome . . . only to be let in by the citizens. According to polling, the public ultimately found the “barbarians” less threatening than those who have insisted that Rome would fall. That must certainly be shocking for many in Washington, but the record of the Justice Department showed how the awe can become awful when officials feel the license of state rage.

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“..he threw over 500,000 Iraqi soldiers at the Iranian meat grinder, had the backing of the US AND the Soviet Union, and used chemical weapons on a scale not seen since WW1… and he barely made a dent in Iran.”

2025: The Year the Global Order Unravels (Nick Giambruno)

With Iran’s allies across the Middle East suffering devastating blows in 2024, the US, Israel, and their allies have the most favorable conditions to attack Iran that have existed in decades. I suspect they will not let this window of opportunity close without taking advantage of it. It could happen in 2025. If an attack on Iran does happen, I believe it will be the defining battle of WW3. But it will not be a cakewalk… Unlike most other nation states in the Middle East, Iran (known as Persia before 1935) is not an artificial construct. By race, religion, and social history, it is a nation. European bureaucrats didn’t dream up Iran by drawing zigzags on a map. The map reflects the geographic reality of a country with natural, fortress-like mountain borders. In the east, the Roman Empire generally ended where the Persian Empire began.

The US and its allies have tried to overthrow Iran’s government for over 46 years. They’ve tried pretty much everything short of a full-scale invasion. In short, NATO & Friends have few other cards to play against Iran. If the US really wants to decapitate the BRICS+ agenda in the Middle East, it would need to overthrow the Iranian government. That would require waging a full-scale regional war against all of Iran’s allies and launching a ground invasion of Iran. Remember, during the Iran-Iraq War (1980-1988)—back when Saddam was a “good guy”—he threw over 500,000 Iraqi soldiers at the Iranian meat grinder, had the backing of the US AND the Soviet Union, and used chemical weapons on a scale not seen since WW1… and he barely made a dent in Iran.

The reality is that if the US is serious about invading Iran, it would likely require total mobilization and bringing back the draft. That is not likely to happen, but even if it did, it would not guarantee US victory. If Iran thought the US was going to invade, it could also develop nuclear weapons as a deterrent within a matter of weeks or less. It might also already have a couple of secretly obtained nukes. Given those unfavorable prospects, NATO & Friends could decide to use nuclear weapons on Iran preemptively. Iran is well aware that the US or Israel could use nuclear weapons against it. It has contingency plans for that outcome to ensure the survival of its government. Iran’s plans also likely include making a dash for developing its own nuclear arsenal to be able to respond in kind.

Further, it’s doubtful that Russia and China would just sit back and do nothing if NATO & Friends looked like they might nuke Iran. For example, Russia could decide to station nuclear weapons and Russian soldiers on Iranian soil as a deterrent. In short, NATO & Friends using nukes on Iran could lead to an unpredictable series of events that could quickly spiral out of control, so I don’t view it as a likely outcome. The Bottom Line: NATO & Friends don’t have any attractive options when it comes to dealing with Iran. However, with the sun about to set on the US-led unipolar world order and the most favorable conditions to attack Iran that have existed in decades, they may think it’s their last best chance and go for it in 2025.

What will happen, and who will prevail? Of course, no one can know that with certainty. That being said, I think we can count on escalating tensions that could culminate in war with Iran in 2025. The implications of that are difficult to overstate. War with Iran would undoubtedly destroy all models for the energy market and cause a global economic collapse. Most people don’t appreciate how close we are to the precipice of a historical disaster.

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Hair

Eucalyptus

Eagle

Mama
https://twitter.com/i/status/1881367789539356802

Illusion
https://twitter.com/i/status/1881464655631274137

 

 

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Dec 212024
 
 December 21, 2024  Posted by at 10:41 am Finance Tagged with: , , , , , , , ,  56 Responses »


René Magritte L’éternité 1935

 

Shutdown Odds Tumble As House Passes Latest GOP Spending Package (ZH)
US Democrats Want Government Shutdown To Strip Trump Of Leverage – Vance (RT)
Advisers Had to Babysit “Diminished” Biden From the Very First Day (Sp.)
“He has Good Days and Bad Days” (Turley)
Musk Far More ‘Influential’ Than Trump Online – WaPo (RT)
Trump’s Economic Plans (Jim Rickards)
Trump Wins—and the Censorship Begins (AmG)
Yet Another Christmas Carol (James Howard Kunstler)
The FBI Deserves Kash Patel (John Kiriakou)
West Has Pumped Over $300 Billion Into Ukraine – Orban
Kiev’s Western Backers Wary About Training Soldiers Close To Front – Media (RT)
EU Deletes ‘Ukraine Must Win’ Mantra (RT)
Could European Peacekeepers Really be Deployed to Ukraine? (Sp.)
Putin’s Q&A and the Forever Wars Riddle (Pepe Escobar)
The Russian Line On Syria (Helmer)

 

 

 

 

Watters

Elon severance

MuskTrump

MuskTurley

 

 

 

 

Through this whole circus, I get the impression that what really counts is the words used to phrase the bill. You need words that allow both sides to declare victory, no matter what the bill actually says.

Shutdown Odds Tumble As House Passes Latest GOP Spending Package (ZH)

Update: With the support of Democrats, the House just passed Speaker Johnson’s latest spending package bill. Lawmakers voted 366 to 34 to approve the proposal, well above the two-thirds threshold needed under special fast-track procedures. One lawmaker voted present. It now heads to the Senate, while the White House said in a statement that President Biden won’t stand in the way. “President Biden supports moving this legislation forward and ensuring that the vital services the government provides for hardworking Americans—from issuing Social Security checks to processing benefits for veterans—can continue as well as to grant assistance for communities that were impacted by devastating hurricanes,” White House Press Secretary Karine Jean-Pierre said in a statement. Polymarket’s odds of a government shutdown are tumbling.

As the Epoch Times notes further, moments after the House of Representatives passed a new package to keep the federal government funded through March 14, House Speaker Mike Johnson (R-La.) and other congressional lawmakers discussed the process that brought the bill over the finish line. “In bipartisan fashion, with an overwhelming majority of votes, we passed the American Relief Act of 2025,” Johnson said, adding that funding the government through March 2025 was “a big priority for us.” The House Speaker described the package as “America First” legislation that allows his GOP coalition to deliver the nation a “sea change in Washington” after Inauguration Day next month. “President Trump will return to D.C. and to the White House, and we will have Republican control of the Senate and the House,” Johnson said.

“Things are going to be very different around here.” House Minority Leader Hakeem Jeffries (D-N.Y.) took credit for the bill passing Friday evening. “House Democrats have successfully funded the government at levels requested by President [Joe] Biden in order to meet the needs of the American people in terms of their health, safety, and economic well-being,” Jeffries told reporters after the vote. “We have successfully advanced the needs of everyday Americans, but there are still things to be worked on, and we look forward to that fight in the new year.”

The package also included requested disaster relief funds after an active hurricane season that included multiple destructive storms in multiple states throughout the southeast. Rep. Buddy Carter (R-Ga.), was relieved that portion was included in the final package. “Thank God we got disaster,” Carter told The Epoch Times. Regarding the debt ceiling consideration, Rep. Tom Emmer (R-Minn.) said that the public would have to wait and see what would “be done early in the next administration.” President-elect Donald Trump suggested he was pleased with the outcome of the vote, Rep. Rich McCormick (R-Ga.) told The Epoch Times.

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Things move fast, but it’s still useful to see what is said before the finish line.

US Democrats Want Government Shutdown To Strip Trump Of Leverage – Vance (RT)

US Vice President-elect J.D. Vance has blasted the Democrats for rejecting a spending plan supported by Donald Trump, claiming they are trying to prevent the incoming president from “negotiating leverage” in the first year of his new term in the White House. The current federal funding is due to expire at midnight on Friday, leaving the government on the brink of a shutdown. The Democrats on Thursday rejected the new spending plan, known as a continuing resolution (CR). Thirty-eight Republicans also voted against it. The bill failed by a vote of 174-235. “The Democrats just voted to shut down the government even though we had a clean CR because they didn’t want to give the president negotiating leverage during the first year of his new term,” Vance told reporters straight after the vote.

On Wednesday, US President-elect Trump dismissed a previous bipartisan funding deal, which had been struck to prevent a shutdown just days before the Christmas break. Republicans balked at the proposed package, claiming it was bloated and full of Democratic policy priorities. Tech billionaire Elon Musk slammed the measure in dozens of posts on X, describing it as “criminal.” Instead, Trump urged lawmakers to pass a new package that included an extension of government funding until March and a two-year suspension of the debt limit into January 2027, adding trillions more to the federal government’s $36 trillion debt. The Trump-backed bill failed just hours after it was assembled, with Republican House Speaker Mike Johnson pledging to come up with another solution before government funding lapses at midnight on Friday.

Republicans have voiced opposition to increases in government spending, while Democrats voted against the bill because they argued the extra borrowing would be used to pass tax cuts for the wealthy. “They’ve asked for a shutdown and I think that’s exactly what they’re going to get,” Vance claimed. If lawmakers fail to approve a spending bill or extend the deadline, the US government will begin a partial shutdown that would affect millions of federal employees and the services they provide. While essential services such as border protection, in-hospital medical care, law enforcement and air-traffic control continue to operate, the shutdown would affect a vast number of operations, from court proceedings to travel and food safety inspections. Federal workers could go without pay, expecting they would be paid back in full once the government reopens. The last US government shutdown took place in December 2018 and January 2019 during Trump’s first White House term and was the longest in the country’s history.

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“..all US presidents have gatekeepers, the walls around Biden “were higher and the controls greater.”

Advisers Had to Babysit “Diminished” Biden From the Very First Day (Sp.)

Joe Biden, the oldest president in US history, has repeatedly been criticized for his cognitive decline and a tendency to fall. Outgoing US President Joe Biden’s entourage has covered up the extent of his mental decline since he entered office in 2021, the Wall Street Journal reported in its bombshell investigation. The newspaper cited numerous unnamed Democratic lawmakers, donors, and presidential aides as saying that despite the fact that all US presidents have gatekeepers, the walls around Biden “were higher and the controls greater.” “There were limits over who Biden spoke with, limits on what they said to him, and limits around the sources of information he consumed,” the sources argued. “They body him to such a high degree,” one insider claimed, adding that there has been more “hand-holding” as compared to other presidents.

Biden’s “tightknit inner circle of advisers” also worked out a strategy to prevent POTUS from making gaffes or missteps that could tarnish his image, according to the sources. The advisers did their best to keep Biden’s meeting short as his public interactions became more scripted. The strategy, however, collapsed during Biden’s June 27 debate with Donald Trump, which saw the former being unable to complete his thoughts. US media reported at the time that the disastrous debate became an eye-opener and a turning point in discussions of Biden’s mental state and his suitability to serve as the next president. The 82-year-old finally dropped out of the presidential race and endorsed Kamala Harris as his replacement in late July.

VDH

Doocy
https://twitter.com/i/status/1870109006779359467

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The Dems and their media play dangerous games.

“Suddenly, everyone is shocked to learn that Biden was mentally diminished..”

“He has Good Days and Bad Days” (Turley)

In an explosive exposé, the Wall Street Journal has revealed how the mental decline of President Joe Biden was pronounced from the start of his term. However, cabinet members and other Democrats lied to the public about his declining levels of acuity and engagement. That effort succeeded largely with the help of an alliance with the media, which showed little interest in whether the President was actually running the government. After President Joe Biden’s disastrous debate performance, the solid wall of media and staff shielding his declining mental state collapsed. Even after Special Counsel Robert Hur declined criminal charges against Biden due to his diminished state, Democratic pundits and the press covered for him, claiming that he was sharp and effective. With the debate, the public was able to see what many in the media and the White House had been hiding for years.

After interviewing roughly 50 insiders, the Journal found evidence of a knowing effort to hide Biden’s mental state. For many, Biden’s refusal to leave his home for much of the 2020 campaign was evidence of the insecurity of staff about his ability to engage with reporters. It only got worse during the term as staff virtually tackled anyone trying to ask him a question. Biden was routinely shuffled off stage after reading briefly from a teleprompter. Behind the scenes, cabinet members reportedly stopped asking for meetings with Biden after staff conveyed that such requests were not welcomed. He held far fewer cabinet meetings and was often considered “down” for any discussions. That included a period during the calamity of the Afghan withdrawal.

One official is quoted as admitting on one occasion in 2021 that Biden “has good days and bad days, and today was a bad day so we’re going to address this tomorrow.” That was just after he was elected. Yet, Biden was kept within the protective cocoon of media that did not press the issue and was infamous for ignoring scandals while asking Biden about his choice of ice cream on a given day. Now, some media outlets are re-positioning on the issue as they prepare to resume hard questioning and investigations in the new Trump Administration . . . after a four-year hiatus. Suddenly, everyone is shocked to learn that Biden was mentally diminished and blaming nameless staff for misleading them.

One exception this week was Chris Cillizza, who served as CNN’s editor-at-large before leaving the network in 2022. On YouTube, Cillizza stated, “As a reporter, I have a confession to make” and admitted “I should have pushed harder earlier for more information about Joe Biden’s mental and physical well-being and any signs of decline.” Now, everyone likes a redemptive sinner and I give Cillizza credit for admitting his own failure to pursue the story despite many critics objecting for years over the lack of such inquiries. However, Cillizza only confessed to failing to pursue the story due to a fear of being accused of “age shaming” Biden. The suggestion is that identity politics chilled journalism, not the overwhelming media support for the President and countervailing opposition to Trump.

The “age shaming” excuse is difficult to square with the failure to pursue an array of other scandals during the term from influence peddling to policy debacles. Nevertheless, Cillizza was remarkably frank that he was only able to push on the story after leaving CNN: “I didn’t really push on it, if I’m being honest. Now, once I left CNN and once it became a little bit more clear to me about Biden’s age, I think I did write pretty regularly and talk pretty regularly about how I wasn’t sure that this guy was up to it. And then obviously, after the June 27 debate, everybody, including me, was writing and talking about it.”

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X is most influential. That’s where Musk is. Trump, on Truth Social, has far less reach. They are very aware of this, and use it to their advantage.

Trying to drive a wedge between them is a fool’s game.

Musk Far More ‘Influential’ Than Trump Online – WaPo (RT)

Messages that Elon Musk posts on X, the platform he purchased for $44 billion in 2022, have received far more viewership than those of any other politically-involved users, including President-elect Donald Trump, the Washington Post reported this week. The newspaper, which generally favors the Democratic Party, has tracked engagements since July, the month when the billionaire endorsed Trump for president. It said it has been monitoring posts hourly for 48 hours after publication to assess the “influence” that X users have on their audience. According to its analysis, Musk’s messages have received a total of 133 billion views during the monitoring period, which is 15 times more than Trump’s posts on the platform and more than 16 times more than the combined reach of all accounts belonging to members of the incoming Congress.

In short, the entrepreneur “eclipses” all others in terms of influence, the Post suggested. Trump was suspended from Twitter in the wake of the January 6, 2021 Capitol Hill riot, before Musk bought the company and changed its name to X. The president-elect has since moved the bulk of his political messaging to his own platform, Truth Social. Musk reinstated Trump’s X account after purchasing the microblogging network. WaPo has suggested that Trump’s presence elsewhere doesn’t significantly affect its analysis. He has “only 8.4 million followers there compared to his 96 million on X,” it said. Critics of Trump have been sounding the alarm over what they perceive as the undue influence that Musk has on the Republican politician and the future policies of his administration.

The billionaire has been closely involved with the transition process and has publicly weighed in on electoral politics with his online commentary on appointments. Nancy Pelosi, the former House speaker and a key figure in the Democratic establishment, described Trump as the billionaire’s “puppet” on Thursday, while reacting to the failure of Congress to pass a stop-gap funding bill this week. Musk has led the online charge against the 1,547-page proposal, released on Tuesday, branding it “criminal,” “outrageous,” “unconscionable,” and ultimately “one of the worst bills ever written.” Democratic lawmakers opposed an alternative bill pitched by Trump. Friday is the deadline for allocating more money to keep the federal government running.

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“..nominal growth is higher than the nominal deficit and the debt-to-GDP ratio is declining. That’s the key to sustainability.”

Trump’s Economic Plans (Jim Rickards)

Trump will begin his first 100 days with an emphasis on his economic plans. His core economic team is already announced including Russell Vought as Director of the Office of Management and Budget, Jamieson Greer as U.S. Trade Representative, Kevin Hassett as Director of the National Economic Council, Scott Bessent as U.S. Treasury Secretary, and Howard Lutnick as Secretary of Commerce. Hassett and Bessent will form the core of this team with Greer taking the lead on tariffs and Vought taking the lead on budget deficits and fiscal policy. Trump’s economic policy will be built around what are called the Three Arrows. That’s a name adopted by the new Treasury Secretary Scott Bessent. He took the name from the Three Arrows policy of Japanese Prime Minister Shinzo Abe, who announced them in 2012. Abe’s arrows were monetary easing, fiscal stimulus and structural reforms to make Japan more competitive. Bessent’s arrows are different, but the basic idea of using government to help grow the economy in productive ways is the same.

Bessent’s plan is also called the “3–3–3” plan for reasons that are made clear below. Bessent’s first arrow is to achieve 3% annual real growth in the U.S. economy. This may not sound like much, but it is. From 2009 to 2019 (basically the period from the end of the last financial crisis to the beginning of COVID), the U.S. grew at a rate of only 2.2% per year. Economists estimate that the potential growth of a mature developed economy such as the U.S. is about 3.2%. That gap between 3.2% potential growth and 2.2% actual growth means trillions of dollars of lost wealth over time. From 1983 to 1986 during the Reagan years, the economy actually did grow at just over 5% per year. Real growth during that three-year stretch was 16%. (Although this followed the severe recession of 1981-1982.

Growth higher than potential is possible when labor and industrial slack from a prior recession is available). So, Bessent’s goal of 3% real growth is realistic given potential performance, past performance, and recent lagging growth. The emphasis here is on “real” growth. This means growth without taking into account any inflation. If real growth is 3% and inflation is 2%, then nominal growth will be 5% (3% real + 2% inflation = 5% nominal). Everyday Americans are properly focused on real growth because they don’t want to see their wage gains eaten up by inflation. Still, nominal growth is important when considering debt service since debt is nominal — you owe what you owe whether the real value is preserved or not. Bessent’s second arrow is to keep annual deficits below 3% of GDP. When discussing debt, we are dealing with nominal amounts rather than real amounts. For example, if U.S. GDP is projected at $28 trillion for a given fiscal year, then the deficit for that year cannot exceed $840 billion under Bessent’s plan.

Note that this does not involve “paying off the national debt” or even running a small surplus. A deficit of $840 billion is huge. But the limitation of 3% of GDP is highly significant in terms of making the debt sustainable and maintaining confidence in the U.S. dollar and U.S. Treasury securities. Before deciding that this is an easy target, it’s helpful to know that the U.S. deficit for fiscal year 2024 is $1.83 trillion. The deficit in fiscal year 2023 was $1.69 trillion. In short, Bessent’s goal of an $840 billion deficit represents a 54% reduction in the deficit from 2024 levels and a 50% reduction from 2023 levels. That’s a huge reduction in the deficit in one fiscal year. Not all of this deficit reduction would have to come from spending cuts, although some of it could, especially if Elon Musk and Vivek Ramaswamy identify enough government waste through their new Department of Government Efficiency (DOGE).

It’s likely that Musk and Ramaswamy will easily identify wasteful spending. The hard part is getting it to stop. The other way to cut the deficit is to grow the economy in such a way that government revenues grow with it. This does not mean tax rate increases. It does mean tax revenue increases from current or even reduced tax rates. One ace-in-the-hole for Trump and Bessent will be tariffs. Those are not part of the Internal Revenue Code, but they do generate government revenues. The U.S. began tariffs in 1790, but the Internal Revenue Code did not come into being until 1913. For 123 years, the U.S. government-funded itself mostly with tariffs, excise taxes, and borrowing without the benefit of income taxes.

The U.S. currently imports over $3.5 trillion of goods per year. If only half were subject to tariffs of 10%, that would generate $175 billion of new revenue, which goes a long way to reaching Bessent’s deficit reduction goals. Now the genius of the Three Arrows plan becomes clear. If nominal GDP growth is 5% (3% real + 2% inflation), and nominal deficits are kept to 3% of GDP, that means nominal growth is higher than the nominal deficit and the debt-to-GDP ratio is declining. That’s the key to sustainability.

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“..the alphabet news outlets, which provided Kamala Harris with “78 percent positive coverage, while these same networks have pummeled former President Donald Trump with 85 percent negative coverage..”

Trump Wins—and the Censorship Begins (AmG)

As was proven during the 2024 election cycle, we are well beyond the scope of mere bias in the legacy media. Given the shrinking audience influence coupled with massively declining income from severe loss of cable subscriptions and advertising revenue, American media outlets have chosen a different course: straight-up propaganda intended for consumption by a niche audience, half of which don’t know they’re being lied to and the other half not caring. Broadcasting has been replaced with “wish casting.” How else can we explain the completely lopsided coverage from the alphabet news outlets, which provided Kamala Harris with “78 percent positive coverage, while these same networks have pummeled former President Donald Trump with 85 percent negative coverage?” And it was even more biased on CNN and MSNBC.

Major media outlets broadcast opinion-centric journalism that push narratives, ranging from “extinction-grade climate crisis” pronouncements to the “existential threat to democracy” dangers of a second Donald Trump presidency. There are no “two sides” reporting here; it is commentary passed off as “journalism” that wraps news stories around pre-packaged and carefully circulated talking points that favor the establishment bureaucracy and big-moneyed interests over American citizens. Simultaneously, Trump is a threat to democracy and will jail or even execute his opponents, is in service to Vladimir Putin, and will wreck the economy with his extremist MAGA agenda that is tied directly to Project 2025.

Trump will launch World War III, he’ll outlaw homosexuality and transgenderism, and he’ll cancel all future elections and become dictator for life. It will be the end of America, and a vote for Kamala Harris will be our “new way forward.” The American legacy media always had a tenuous relationship with its viewers and readers, losing its credibility every time the public finds that what is reported turns out to be completely untrue. Exhausted from the lies of omission and outright fabrications, the legacy media found itself without much of an audience and surprisingly little influence on the 2024 presidential election. But a ridiculous narrative is shaping up, one plainly untrue on its face, that the reason for Trump’s victory was not inflation, illegal immigration, or the economy, or that Harris-Walz was an outrageously insulting offering by the Democrats.

No, the reason Trump sailed to victory was “the massive influence of right-wing media.” Let that last statement sink in for a moment. That’s right, you can blame One America News, X, Newsmax, Fox News (still considered “right-wing” by many, especially on the left), assorted podcasts, and especially Joe Rogan, for putting Trump back into the White House. And the legacy media, who provided hideously lopsided coverage against Trump for years and conducted the presidential and vice-presidential debates in a grossly biased fashion, whines that their massive investment in Kamala Harris was thwarted by a relatively tiny segment of alternative media and citizen journalism. You have delusional, far-left, Democrat operatives like Julie Roginsky being taken to the woodshed by Scott Jennings, saying that the media and social media, especially, are now controlled by conservatives

[..] Need more evidence? Watch compressed election night coverage on ABC, CBS, NBC, CNN, and, worst of all, MSNBC to see how optimism at 8 PM EST morphed to concern by midnight and outright despair around 3 AM when Trump declared victory. Both left-leaning cable channels, CNN and MSNBC, didn’t call the race until shortly after 5 AM on Wednesday. The Associated Press, the New York Times, CBS, and ABC all called the race around 5:30 AM. This was hours after the result was no longer in doubt. Well, it actually was. But it’s not because of the outsized influence of conservative media; it was because of the decimated influence of the legacy media. Most Americans no longer need solid evidence to conclude that they are being lied to by legacy outlets; thus, they turn to alternative media for truthful content and credible opinion.

This obvious shift in content consumption should be solid proof that the left can no longer control, frame, or even influence public opinion. The growth of alternative media and Elon Musk’s refusal to censor conservative thoughts and opinions on X/Twitter have loosened the multi-generational grip legacy media has had over journalism and have brought new voices into the mix, offering a mere balance in information. But the American Left cannot tolerate informational balance.

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“The nation appears to be having a kind of moment involving a gross, naked emperor and a bunch of people noticing this isn’t a nudist-friendly zone.” — Jeff Childers

Yet Another Christmas Carol (James Howard Kunstler)

Hitler was dead, to begin with. As dead as ein Türnagel. At least no one had heard him squawk since the Russkies cracked bottles of Dunkelbrau at the Brandenburg Gate, April, 1945. Nobody ever called Joe Biden “Hitler,” but around his gloomy place-of-business, known as the “White House, they sometimes called him “Joe Biden,” with a titter and a smirk, as they called “a lid” on his bewildered day and stuffed him into the nearest broom closet. “Joe Biden” was a mere babe in pram when old Adolf bid farewell to his smoldering Reich. But, eight decades later, after being jammed into the Oval Office by his chauffeur, one Barack Obama, the grasping, scraping, flinty, clutching, covetous old bird, sometimes known as “the Big Guy,” from whom no match had ever struck the fire of an original idea, or a good idea, or even a sound, workable idea, shuffled to his bed-chamber in the lonely compartment known as the White House “residence” on Christmas eve.

“Humbug!” he maundered to himself as he struggled aboard the cold presidential bed, absent lately of the doctor who once claimed to be his wedded wife. “Humbug,” was the new flavor that Ben and Jerry had concocted just for the holiday, a “green” ice-cream featuring pureed mealworms and cocoa bean husks for a satisfyingly punitive crunch. Was Dr. Jill dead, too, now, old “JB” wondered, like his old pals Senator Byrd, and feisty Strom Thurmond and other members of “the firm?” (Or was she in the arms of that scoundrel, Emhoff?) “Humbug,” he mumbled as he fell off into a cruel, blank slumber. He awakened — he knew not how many minutes longer — to a snorting noise, as of pigs rooting in a forest, followed by a thin, sonorous wailing that might have been the revenant of some once-mighty bombast in the Nuremburg Zeppelinfeld.

And then resolved out of a mist the very figure of Hitler, his once-smart, gray Führeruniform tattered and threadbare, and the whole of his body wreathed in rotting sausages, the reek of which might have driven a rank of the stoutest, blondest SS leutnants to their knees in abject surrender. “What do you want of me?” Scrooge cried, but this ghost of Hitler only wailed again and beckoned with gnarled finger. Suddenly, “Joe Biden” seemed to be flying out in the night air across a great swamp, and then north over the Beltway, to Scranton, Pennsylvania. The scene: a slagheap behind the Lackawanna Iron and Steel Company, 1949. “JB” is a boy again — oh, to be a boy, with loose joints and a clear mind! — playing with his chums, Bob McGee and Sonny Donahoe. They are reenacting the last days of World War Two.

“I’ll be Ike,” says Bob, always a leader whom “Joe” liked to please. “Sonny, you be Omar Bradley. And “Joey,” you can be Hitler.” “Joey” loved playing Hitler: a few minutes of fulminating histrionics! Then, his hand mimicking a Walther P-38 with the muzzle pointed behind the ear, and the plosive pow! And then, writhing upon the heap of cinders acting out the Führer’s last moments. “You were so good at it!” the ghost wailed. “What happened to you?” “I wish I knew. Everything’s a blur now. But tell me, spirit: was I a good you?” “One of the best!” the ghost of Hitler moaned and dissolved into vapor.

“Joe Biden” wakes again in his bedchamber. It is flooded with bright light and trappings of the holiday: a tree festooned with what appear to be gleaming glass ornaments shaped like dildoes. And before it, enrobed in scarlet and muskrat fur, the cheerful figure of Senator-elect Adam Schiff, grinning from ear to ear, with a wreath of holly about his lightbulb-shaped head. The light is blinding. “What are you doing here?” the president asks. “And remind me what your name is, if it’s not too much to ask. “I am the ghost of Christmas Present,” Mr. Schiff intones, as though dispensing yet another rumor of Russian collusion. “Come, take my hand.”

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Kiriakou appears to suggest that Patel would go after people who have immunity. He won’t.

The FBI Deserves Kash Patel (John Kiriakou)

On the surface of things, Kash Patel is the kind of person most of us would want to keep out of government. A MAGA true believer, and Donald Trump’s choice to head the F.B.I., he’s the tip of the spear of Trump’s apparent effort to use the courts to go after his perceived enemies in the media and on Capitol Hill. The mainstream Democratic-oriented press is apoplectic about the appointment. The Christian Science Monitor said it most clearly when it wrote that, “Democrats invoke (the notorious late F.B.I. Director J. Edgar Hoover) as they warn about Mr. Patel, suggesting he will target political enemies. Republicans, though, compare Hoover’s tenure to what they say is a modern ‘deep state” resisting and harassing Mr. Trump.” That’s the bottom line. Democrats compare him to Hoover while Republicans argue that he’s the anti-Hoover.

I’m here to argue that Kash Patel is exactly what Americans need right now at the F.B.I. We need somebody with the guts and the political authority to burn the F.B.I. down, at least figuratively. First, I’m under no illusions that Kash Patel is a good guy. According to former Fox News host Bill O’Reilly, Patel is “salivating” at the opportunity to investigate and, apparently, charge former Rep. Liz Cheney with some sort of crime because of her work on the Jan. 6 Committee. This is not only wrong, it also ignores the fact that Cheney had congressional immunity for her work because she was serving in an official capacity for the committee. Nothing will come of any investigation.

The press also has opined that Patel will target police officers who arrested protestors at the Jan. 6 riots at the Capitol for investigation. Again, the police have qualified immunity, and nothing will come of the idea. He has also called for the prosecution of a wide range of political figures, including President Joe Biden, Vice President Kamala Harris, former Secretary of State Hillary Clinton, and outgoing F.B.I. Director Christopher Wray. Again, they have immunity, and nothing will come of Patel’s rhetoric.

[..] The bureau also investigated candidate Trump and participated in the Russiagate fiasco in Operation Hurricane Crossfire. I’ve had my own negative experience with the F.B.I. In 2009, the bureau secretly opened a criminal case against me in response to my having blown the whistle on the C.I.A.’s torture program. In the end, I was charged with five felonies, including three counts of espionage. I hadn’t committed espionage, of course, and those charges were dropped, but not until I had declared bankruptcy.

To make the case go away, I pleaded guilty to a lesser charge and served 23 months in a federal prison. I had been facing 45 years. In the intervening years, three F.B.I. agents have reached out to me to apologize for their role in the case, saying that it was political in nature and that they were ordered to target me. That’s the F.B.I. That’s what it does. And that is why we need Kash Patel at the helm of the F.B.I. right now. We need somebody who is willing to tear this organization down to its bare studs. The F.B.I. is a criminal organization. It should be dealt with like a criminal organization. There should be a price to pay for its crimes against the American people.

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And what’s the return on that investment?

“This “enormous” amount of money could have been given to Europeans to make people’s lives much better..”

West Has Pumped Over $300 Billion Into Ukraine – Orban

The US and the EU have provided over $300 billion in financial aid and military assistance to Kiev since the escalation of the Ukraine conflict in 2022, Hungarian Prime Minister Viktor Orban has said. Such a huge amount of money “could have done wonders” had it been spent to improve the lives of people within the EU, he said in an interview with Kossuth radio on Friday. Orban highlighted the evolving military situation, noting that “the balance of power on the frontlines is shifting day by day” in Russia’s favor. He also pointed to the political changes expected in the US when Donald Trump returns to the White House next month. The developments call for leaders in EU capitals to embrace a more pragmatic approach to ensuring stability and economic resilience within the bloc, Orban believes.

However, the prime minister argued that Brussels remains out of touch with global realities, pointing to a recent European Parliament decision to continue sending substantial funds to Kiev – a move he described as a clear example of misplaced priorities. “During the negotiation with the Americans, I received the figure that Europe and America together have spent €310 billion so far. Those are huge numbers!” the Hungarian prime minister stressed. He argued that the hundreds of billions of euros already spent to fund the conflict could have been used to bolster European infrastructure, to develop countries in the Western Balkans to the level of the EU, or beef up military capabilities. This “enormous” amount of money could have been given to Europeans to make people’s lives much better, the Hungarian leader concluded.

Russia has repeatedly warned that no amount of Western aid will stop its troops from achieving the goals of the military operation or change the ultimate outcome of the conflict. By backing Kiev, they only prolong the conflict, Moscow has argued. Earlier this month, Orban proposed a Christmas ceasefire between Ukraine and Russia, describing it as a last-ditch attempt to mediate a diplomatic resolution of the conflict. He floated the idea to Kiev and Moscow, as well as to Trump, who he personally met at his residence in Florida. The Kremlin spokesperson, Dmitry Peskov said that Moscow “fully supports Orban’s efforts aimed at finding a peaceful settlement and resolving humanitarian issues related to the exchange of prisoners.” However, Ukrainian leader Vladimir Zelensky rejected Budapest’s offer.

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Sitting ducks.

Kiev’s Western Backers Wary About Training Soldiers Close To Front – Media (RT)

Western officials are concerned about British plans to potentially resume the training of Kiev’s troops inside Ukraine, The Times reported on Friday, citing sources familiar with the matter. The UK is among the nations that have trained the Ukrainian military on their soil. Valery Zaluzhny, Kiev’s former top general who has been appointed ambassador to London, toured a boot camp in southern England last month to tell these recruits that they should not be afraid to die for their country. This week, British Defense Secretary John Healey said the UK could send military personnel to Ukraine. Such a move would help the Ukrainians “motivate and mobilize more recruits,” he suggested during a visit to Kiev. “The closer to the front, the more efficient the training is,” a Western official told The Times, discussing the merits and drawbacks of such a deployment.

“But it’s fair to say the Russians would target any kind of Western assistance inside Ukraine.” The UK had sent several dozen instructors into Ukraine in January 2022 to teach Kiev’s forces how to operate British-donated anti-tank missiles, the report added. They were pulled out shortly before direct hostilities with Russia broke out the following month. Yavorov military base in Western Ukraine, where the training took place, was hit by Russian long-range missiles within weeks, in March 2022. The Ukrainian military is struggling to replenish manpower, despite a major overhaul of its mobilization system this year, which introduced harsher punishments for draft avoidance and lowered the conscription age to 25 years. Mandatory conscription makes recruits prone to desertion, according to the media.

Kiev’s Western backers claim that moving their training programs closer to the front would bolster the confidence of Ukrainian citizens that they would be properly trained and equipped before being sent into combat. The Times claimed that Tony Radakin, the chief of the defense staff, overruled Army chief Patrick Sanders, when he was pushing in September 2023 for the UK to train Ukrainian troops inside the country. Russia considers foreign fighters in Ukraine fair military targets. It claims that some Western service members are secretly on the ground, preparing the launches of donated long-range missiles, including Britain’s Storm Shadows. This makes the donors de facto participants in the fighting, Russian officials have said. Moscow has condemned the conflict as a Western proxy war against Russia, in which Ukrainians are used as ‘cannon fodder’.

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Replaced by “Russia must not prevail”.

EU Deletes ‘Ukraine Must Win’ Mantra (RT)

The European Union has reportedly dialed back its stance on the Ukraine conflict, replacing the phrase “Ukraine must win this war” with “Russia must not prevail” in a European Council statement on new sanctions against Russia, first released on Monday. The revision apparently came after questions from Politico about its alignment with Brussels’ latest diplomatic messaging. An EU official said the original statement was a mistake, according to Politico’s Brussels Playbook newsletter. A separate statement released by the European Council on Thursday also used the phrase “Russia must not prevail” when discussing the Ukraine conflict. Council President Antonio Costa, who had a joint press conference with Ukrainian leader Vladimir Zelensky the same day, stated that “international law must prevail.”

Politico’s Eddy Wax said the change in EU messaging highlights a broader shift in the West, as US President-elect Donald Trump intends to seek a swift end to the hostilities upon taking office in late January. Some senior figures in the EU, including the bloc’s top diplomat, Kaja Kallas, have continued to insist that “Ukraine will win” in their public statements. However, there is a growing acknowledgement in Brussels that it cannot prop up Kiev without Washington’s backing, the Politico report suggested. “The EU’s strategy appears to be flattering Trump, wishfully projecting onto him, and turning a blind eye to some of his more alarming statements,” the outlet said.

Kiev, meanwhile, has not toned down its rhetoric on the conflict. On Thursday, both Zelensky and his chief of staff, Andrey Yermak, publicly insulted Russian President Vladimir Putin following his annual marathon Q&A event earlier in the day. Former Russian President Dmitry Medvedev, who serves as deputy chair of the national Security Council, suggested on Friday that Kiev was trying to derail Trump’s peace efforts by antagonizing Moscow further. Zelensky is “showing the middle finger” to the incoming American leader, Medvedev claimed.

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Only if Russia gives permission. Which means no weapons.

Could European Peacekeepers Really be Deployed to Ukraine? (Sp.)

Few European countries would risk sending their soldiers to Ukraine as part of some kind of a peacekeeping force, former Swedish military officer and politician Mikael Valtersson told Sputnik. He outlined two potential scenarios of peacekeeper deployment in the Ukrainian conflict zone, with the basis for both being “a ceasefire along the current front lines and no Ukrainian NATO membership in the foreseeable future.” The first scenario involves an international peacekeeping force comprised of troops from countries or regions unaffiliated with the participants of the Ukrainian conflict, such as “Türkiye, India, Latin America, Africa, ASEAN and maybe European countries like Hungary and Slovakia.”

The second scenario, where EU troops would be sent as peacekeepers, would likely result in Russia perceiving it as a breach of any ceasefire and would restart the fighting “long before the Western forces reached the front lines.” As a result, Europe would be left with a conflict “involving several European countries, but without the backing of NATO or the US,” so it is small wonder that, as Valtersson put it, “it would be impossible to get unity within Europe about such a mission.”

“Instead, the fighting probably will continue during 2025, without US support, until Ukraine realises that they must accept the situation on the ground. But then the conditions might be even more severe for Ukraine,” Valtersson mused. “They lost a great opportunity to get a good deal during the Istanbul negotiations and risk gambling away even more now.” “A much more plausible scenario for European military involvement on the ground in Ukraine is that some of the more hawkish nations send support units and ‘instructors’ to Ukraine,” Valtersson warned. These European troops would become prime targets for Russia, he added, without actually having “much impact” on the outcome of the conflict.

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“Christianity was born in Damascus (remember St. Paul) – not in Jerusalem. When Putin went to Damascus, he was on an Orthodox Christian pilgrimage: coming from the Third Rome (Moscow) to pay his respects to the precursor of the first Rome, the cradle of Christianity.”

Putin’s Q&A and the Forever Wars Riddle (Pepe Escobar)

He spoke for four and a half hours, virtually non-stop, reviewing the results of 2024, mastering all the facts. His Direct Line received over 2 million questions, from Russia and around the world. And he had to crown the performance with a flourish, in an “I did it, my way” vein: “I believe that not only did I simply save [Russia], we moved away from the edge of the abyss.” The record would confirm it, compared to the appalling state of the Russia he inherited when first elected president in March 2000. President Putin’s end of the year Q&A contains enough substance to be unpacked for weeks, if not months. Let’s focus here on our current geopolitical crossroads: the Forever Wars in West Asia and Ukraine, two vectors of the standard imperial drive, now united in an Omni-War. Putin stated that, “we have come to Syria in order to prevent a terrorists’ enclave (…) In general, our goal has been achieved.”

Whether Syria remains “terrorist free” remains to be seen: the new, “inclusive”, rebranded as woke Emir of Damascus, al-Jolani, a Saudi national, is a certified Salafi-jihadi still with a $10 million American bounty on his head. The “enclave” now encompasses most of former Syrian sovereign territory, otherwise illegally occupied by jihadi gangs and Zionist lebensraum practitioners. It’s important to remember that Russia first intervened in Syria in 2015 not so much to keep access to the warm waters of the Eastern Mediterranean: but mostly to protect holy Christian Orthodox sites in Damascus. Christianity was born in Damascus (remember St. Paul) – not in Jerusalem. When Putin went to Damascus, he was on an Orthodox Christian pilgrimage: coming from the Third Rome (Moscow) to pay his respects to the precursor of the first Rome, the cradle of Christianity.

On the larger Levantine geopolitical picture, Putin is correct. The CIA invented Operation Timber Sycamore way back in 2012 to train and weaponize “moderate rebels” to overthrow Assad – spending over $1 billion a year: the most extensive CIA covert op since the jihad in Afghanistan in the 1980s. The UK, Saudi Arabia, Qatar and Jordan were Sycamore partners. Over the final years, the Pentagon jumped in to “prepare” Hayat Tahrir al-Sham (HTS), the “soft” ISIS splinter group. Ultimately it was nearly 14 years of toxic US sanctions and relentless siege warfare that led to the final act, complete with Ukrainian drone instructors, mountains of Qatari cash and the Turk-assembled crypto-al Qaeda infantry (no more than 350 fighters, according to Putin himself). Now it’s a matter of adapting. Putin said that, “we have established relations with all those that control the situation on the ground (…)

Most countries expect the Russian bases to remain (…) Our interests should coincide, a question that requires painstaking examination.” He also reminded everyone that politics is the art of compromise – and Russia’s strategic priority is to keep the bases in Tartus and Hmeimim. Putin brushed aside the notion that Russia has been weakened by Assad’s downfall in Syria, quoting Mark Twain: “Rumors about my death have been greatly exaggerated.” Instead, he practically proposed that the Russian bases could provide humanitarian aid: one can imagine the population of a deeply polarized, fragmented Syria arguing with the Salafi-jihadis to get their share. Were that to happen, Russia would be in direct aid competition with the collective West. The EU, via its new, deranged Estonian ultra-Russophobic foreign policy chief, has already ordered that there will be no sanctions relief if the Russian bases stay.

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“If earlier, let’s say, the same Iranian friends asked [us] to help them move their units into the territory of Syria, now they asked us to withdraw them from there.”

The Russian Line On Syria (Helmer)

Quoting Mark Twain, President Vladimir Putin has made his first public statement on Syria during his Direct Line broadcast on Thursday. “Whoever wants to imagine Russia weakened…I want to recall the famous man and writer, who once said: ‘The reports of my death are greatly exaggerated.’” During four and a half hours of question-and-answer, Putin responded to questions on the Syrian conflict from a US and later a Turkish reporter. He said the future of the Russian bases at Khmeimim and Tartus is undecided. “The vast majority of [Syrian groups] tell us that they would want our military bases to remain in Syria. I don’t know — we should think about it, because we have to decide for ourselves how we relate to the political forces that are now in control and will control the situation in this country in the future. Our interests ought to coincide. If we stay there, then we have to do something in the interests of the country where we are.

”Putin endorsed the Turkish military movements into Syria over the Israeli ones. “Israel is also solving security issues for itself…We hope that Israel someday will leave the territory of Syria, but right now it is bringing in there additional troops. I think there are already thousands of troops. And I have such an impression, that they are not only not going to leave, but they are going to reinforce there…Turkey needs to ensure its security somehow. We understand that all. This is not for today’s meeting, so as not to waste time.” To Keir Simmons of NBC, Putin said: “You and those who, I repeat, pay your wages, want to present everything that happens in Syria like some kind of failure, the defeat of Russia…We came to Syria ten years ago so that it would not become a terrorist enclave like the fact we observed in some other countries, say, in Afghanistan.

In general, we have achieved our goals… And even those groups that fought against the Assad regime, with government troops, also undergo internal changes. No wonder today many European countries and the United States want to establish a relationship with them. If they are terrorist organizations, what are you doing there? So, they’ve changed, have they? This means that to a certain extent, the [Russian] goal has been achieved. “Furthermore, we did not have ground troops in Syria. They just weren’t there. There are our two bases — air and naval. The ground component consisted of the armed forces of Syria itself and some, as we all know — there is no secret here – the so-called pro-Iranian combat formations. In our time we even took out of there [Russian] special forces. We didn’t just fight there.

“What has been happening there? When armed opposition groups approached Aleppo, Aleppo was protected by about thirty thousand people. 350 militants entered the city. Government forces, and with them the so-called pro-Iranian units, retreated without a fight, blew up their positions, and left. And also with some small exceptions, where there were some clashes, that was what happened throughout Syria. If earlier, let’s say, the same Iranian friends asked [us] to help them move their units into the territory of Syria, now they asked us to withdraw them from there. We took out four thousand Iranian fighters from the Khmeimim base to Teheran. Part of the so-called pro-Iranian units went without a fight to Lebanon, some to Iraq.

“Today the situation in the Syrian Arab Republic is not easy, of course. We very much hope that there will be peace, tranquility. We support relations with all the groups that control the situation there, with all countries of the region. The vast majority of them tell us that they would want our military bases to remain in Syria. I don’t know — we should think about it, because we have to decide for ourselves how we relate to the political forces that are now in control and will control the situation in this country in the future. Our interests ought to coincide. If we stay there, then we have to do something in the interests of the country where we are.

“What will be our interests there? What can we do for them? This is a question that is waiting for painstaking research on both sides. Already now we can do something, including using these bases – we have already offered it to our partners, including those located in Syria, and neighboring countries. [We] offered the use of, say, the Khmeimim airbase to deliver humanitarian aid in Syria. And this is accepted with understanding and desire to organize this work together. The same applies to the naval base in Tartus. Therefore, whoever wants to imagine Russia weakened, since you are an American, I want to recall the famous man and writer [Mark Twain], who once said: ‘The reports of my death are greatly exaggerated.’”

Later in the broadcast, Putin was asked a question by Ali Jura of the Turkish state news agency Anadolu: “Mr. President, Israel violates international rights by killing tens of thousands of people, including children in Palestine and Lebanon. Israel now takes advantage of the situation in the region to occupy Syria and violates its sovereignty. How do you comment on the actions of Israel? Did you have a conversation with President Erdogan about the region as a whole? Thank you.”

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Brian Cox

 

 

Gervais

 

 

Pesticides

 

 

Wind
https://twitter.com/i/status/1870062259013071095

 

 

Shelter toys
https://twitter.com/i/status/1870094847211700470

 

 

Vibes
https://twitter.com/i/status/1870187674583060962

 

 

Husky

 

 

Bump
https://twitter.com/i/status/1870169812581974133

 

 

 

 

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

 

 

 

 

 

Dec 182024
 
 December 18, 2024  Posted by at 10:22 am Finance Tagged with: , , , , , , , , , ,  72 Responses »


Pablo Picasso Woman in an armchair (Olga) 1922

 

Trump Says He Wants To Talk To Putin (RT)
Trump Could End US-Supported Long-Range Strikes on Russia (Antiwar)
Assad’s Overthrow An ‘Unfriendly Takeover’ By Türkiye – Trump (RT)
Trump Threatens To Fire Federal Employees Working From Home (JTN)
Trump Sues Des Moines Register, Pollster For Brazen Election Interference (ZH)
House GOP Accuses Liz Cheney Of Tampering With J6 Witness (JTN)
The Danger of White Knight Pardons (Turley)
An Open Letter To Robert F. Kennedy, Jr. (AmG)
Will Putin Fight or Surrender? (Paul Craig Roberts)
Finland Warns Against Peacekeepers In Ukraine (RT)
Slain Russian General Worked Fearlessly To Expose Western Crimes – Moscow (RT)
Which Western Politician Will Flee Their Sinking Ship Next? (Marsden)
Musk Accuses ‘Deep State Traitors’ Of Targeting Him (RT)
Boeing’s Failed Plea Deal: What Happens Next (ET)
World Gripped By Mental Health ‘Pandemic’ – FT (RT)

 

 

 

 

https://twitter.com/i/status/1868707860504625322

Trump Xi
https://twitter.com/i/status/1868830594991636722

Kash

Jennings
https://twitter.com/i/status/1868863814256431386

Mike Benz

Tucker Sachs

 

 

 

 

“It’s a carnage that we haven’t seen since the Second World War,” he continued. “It’s got to be stopped. And I’m doing my best to stop [it].”

Trump Says He Wants To Talk To Putin (RT)

US President-elect Donald Trump has said that he will speak to both Russian President Vladimir Putin and Ukrainian leader Vladimir Zelensky in a bid to stop the “carnage” between Moscow and Kiev. During a press conference at his Mar-a-Lago estate on Monday, Trump refused to comment when asked whether he had spoken to Putin since he won last month’s presidential election. However, Trump said that he intends to do so. “We’ll be talking to President Putin and we’ll be talking to the representatives, Zelensky and representatives from Ukraine,” he said. “We’ve got to stop it. It’s carnage,” he added, referring to the almost three-year conflict between Russia and Ukraine. “It’s a carnage that we haven’t seen since the Second World War,” he continued. “It’s got to be stopped. And I’m doing my best to stop [it].”

Trump vowed on the campaign trail to end the conflict within a day of taking office, although he has since admitted that doing this may be “more difficult” than he previously thought. The incoming president met with Zelensky in Paris earlier this month, and said immediately after last month’s election that he will likely speak to Putin in the near future. Trump and his prospective cabinet officials have refused to comment on media reports claiming that they have been in contact with Moscow, while the Kremlin last month denied a report by the Washington Post suggesting that Trump reached out to Putin by phone immediately after the election. Putin has said that Trump’s statements on ending the conflict “deserve attention,” and that he is open to talks with the president-elect. “It wouldn’t be beneath me to call him myself,” the Russian president said at a meeting of the Valdai International Discussion Club in Sochi last month.

As Trump has not revealed any details on the kind of settlement he intends to propose to Putin and Zelensky, his plans have remained the subject of media speculation. Most American news outlets have predicted that Trump will push for the conflict to be frozen along the current line of contact, with Ukraine abandoning its aspirations of NATO membership in exchange for security guarantees from the West. Trump has explicitly said that the US will leave the enforcement of such a deal up to NATO’s European members. Moscow maintains that any settlement must begin with Ukraine ceasing military operations and acknowledging the “territorial reality” that it will never regain control of the regions of Donetsk, Lugansk, Kherson, and Zaporozhye, as well as Crimea. In addition, the Kremlin insists that the goals of its military operation – which include Ukrainian neutrality, demilitarization, and denazification – will be achieved.

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“He should be prepared to make a deal. That’s all. Too many people being killed..”

Trump Could End US-Supported Long-Range Strikes on Russia (Antiwar)

President-elect Donald Trump suggested at a press conference at Mar-a-Lago on Monday that he could reverse President Biden’s decision to support long-range missile strikes on Russian territory. Trump said it was a “big mistake” for the Biden administration to greenlight the escalation without asking him what he thought. When asked if he might reverse the decision, the president-elect said, “I might, yeah. I thought it was a very stupid thing to do.” The comments mark the second time in recent days that Trump expressed his concern over the long-range strikes that Ukraine has launched using US ATACMS missiles and British Storm Shadow missiles. In an interview with Time Magazine that was published last week, Trump said that he “vehemently” disagreed with Biden’s decision. The Kremlin noted Trump’s comments and said Russia agreed with the president-elect.

“The statement in itself is fully in harmony with our position. That is, our visions of reasons behind the escalation coincide. And, of course, we like that,” said Kremlin spokesman Dmitry Peskov. Biden signed off on long-range strikes in Russia despite Moscow making it clear the escalation would risk nuclear war. In response to the step, Russian President Vladimir Putin formally changed Russia’s nuclear doctrine, which lowered the threshold for the use of nuclear weapons. At his press conference, Trump also said that Ukrainian President Volodymyr Zelensky should be ready to make a deal with Russia to end the war. “He should be prepared to make a deal. That’s all. Too many people being killed,” he said. Trump campaigned on ending the proxy war but hasn’t articulated how he will do that. When asked if he would pressure Ukraine to cede territory, Trump wouldn’t give a direct answer.

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“[Türkiye] wanted [Syria] for thousands of years, and he got it… Türkiye did an unfriendly takeover without a lot of lives being lost..”

Again, Trump doesn’t want the killing.

Assad’s Overthrow An ‘Unfriendly Takeover’ By Türkiye – Trump (RT)

Türkiye is behind the regime change in Syria, US President-elect Donald Trump claimed on Monday in his first press briefing since the November election. Trump called the overthrow of Bashar Assad and his government an “unfriendly takeover” by Ankara. The situation in Syria has changed drastically over the past two weeks after militants led by the Hayat Tahrir-al-Sham (HTS) jihadist group launched an offensive against the country’s troops, taking over major cities, including the capital Damascus. After the collapse of the Syrian military, the armed opposition seized power, forcing President Assad to flee to Russia, where he was granted political asylum. “Those people that went in are controlled by Türkiye, and that’s OK,” Trump stated. He added that he considers Turkish President Recep Tayyip Erdogan a “smart” and “very tough” guy for succeeding in the overthrow of the Syrian leadership.

“[Türkiye] wanted [Syria] for thousands of years, and he got it… Türkiye did an unfriendly takeover without a lot of lives being lost,” Trump added. He also praised what he described as Türkiye’s “major military force” which “has not been worn out with war.” According to Trump, Türkiye will also play a significant role in Syria’s future. “Nobody knows what the final outcome is going to be in the region. Nobody knows who will rule in the final… Right now, Syria has a lot of indefinites, but I think Türkiye is going to hold the key to Syria,” the president-elect predicted. Türkiye shares its longest land border with Syria, over 900km, and had been a main backer of opposition groups aiming to topple Assad since the outbreak of the civil war in 2011. Despite listing the jihadi HTS, which initiated the current unrest, as a terrorist organization, Ankara is thought to have significant influence over the group.

Türkiye also backs the Syrian National Army (SNA), which earlier this month launched its own offensive in the eastern part of the country, hoping to capitalize on the collapse of Syrian government forces. Days prior to Assad’s overthrow, Erdogan voiced support for the insurgency in Syria, urging the armed opposition to continue their march to Damascus. Since Assad’s ouster, Washington and Ankara, which both back various rebel groups in the region, have held talks on ways to stabilize the situation and counter the potential resurgence of Islamic State militants in Syria. At a meeting between US Secretary of State Antony Blinken and Turkish Foreign Minister Hakan Fidan last week, the two agreed to continue working together on preventing terror groups from abusing the current instability in the country and on bringing peace to the region, starting with efforts to establish an interim government.

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“Telework and remote work are tools that have helped the federal government increase productivity and efficiency..”

That’s the exact opposite of what DOGE says.

Trump Threatens To Fire Federal Employees Working From Home (JTN)

President-elect Donald Trump blasted federal “work from home” policies Monday, calling them “ridiculous” and stirring up pushback from federal employee unions. “If people don’t come back to work, come back into the office, they’re going to be dismissed,” Trump told reporters during a news conference at Mar-a-Lago. The issue has been thrust to the forefront in part by the incoming Trump administration’s emphasis on government efficiency, spearheaded by Elon Musk and Vivek Ramaswamy. But the issue has also gained national attention because Biden administration officials like outgoing Social Security Administrator Martin O’Malley negotiated a deal with union leaders to entrench the policies, keeping telework in place for his 42,000 employees until 2029.

Everett Kelley, national president of the American Federation of Government Employees, the largest federal employee union, threatened legal action against the incoming Trump administration if the president-elect tries to upend previously bargained union deals that let federal employees work from home. “Collective bargaining agreements entered into by the federal government are binding and enforceable under the law,” Kelley said. “We trust the incoming administration will abide by their obligations to honor lawful union contracts. If they fail to do so, we will be prepared to enforce our rights.” According to the U.S. Office of Personnel Management, there are nearly 3 million federal employees. Kelley argued that the extent to which federal employees work from home has been exaggerated.

“Rumors of widespread federal telework and remote work are simply untrue,” Kelley said. “More than half of federal employees cannot telework at all because of the nature of their jobs, only ten percent of federal workers are remote, and those who have a hybrid arrangement spend over sixty percent of working hours in the office.” Critics have shot back saying that effectively means that 40% of federal work hours are remote. If you remove certain workers like post-office employees and maintenance workers from the equation, the percentage of federal remote work is much higher. In particular, workers in the federal agencies in and around Washington, D.C. have largely grown accustomed to at least partially working remote. Kelley argued the policies help the government recruit and keep “top talent.”

“Telework and remote work are tools that have helped the federal government increase productivity and efficiency, maintain continuity of operations, and increase disaster preparedness,” Kelley said in a statement Monday. “These policies also assist agencies across the government, including the Social Security Administration, in recruiting and retaining top talent.

Waiver
https://twitter.com/i/status/1868832325548838914

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No way that was an honest mistake. Career over.

Trump Sues Des Moines Register, Pollster For Brazen Election Interference (ZH)

On Monday afternoon, President-elect Donald Trump told reporters at a news conference at his Mar-a-Lago Club in South Florida that his team was preparing to file a “major lawsuit” against the Des Moines Register and its top pollster, J. Ann Selzer for election interference and fraud over their final polling data in the days before the presidential election. Trump followed through on his word, as Fox News reports that his team filed a lawsuit against the Des Moines Register and Selzer overnight in Polk County, Iowa, under the Iowa Consumer Fraud Act and related provisions. The lawsuit seeks “accountability for brazen election interference committed by” the local paper and Selzer “in favor of now-defeated former Democrat candidate Kamala Harris through use of a leaked and manipulated Des Moines Register/Mediacom Iowa Poll conducted by Selzer and S&C and published by DMR and Gannett in the Des Moines Register on Nov. 2, 2024.”

The lawsuit also targets Gannett, the parent company of the Des Moines Register, which owns USA Today and several other local papers across the US. “Contrary to reality and defying credulity, defendants’ Harris Poll was published three days before Election Day and purported to show Harris leading President Trump in Iowa by three points; President Trump ultimately won Iowa by over thirteen points,” the filing stated. Selzer was once considered the “gold standard” of polling, but after Trump swept the state by a 13-point margin, winning the actual vote 56-43%, she later acknowledged her poll was a “big miss” and suggested that it might have “actually energized [d] and activated [d] Republican voters who thought they would likely coast to victory,” according to our previous report. Following the public opinion polling blunder, Selzer wrote in a guest column in the Des Moines Register just a little more than a week after the election that her days advising the paper’s famed Iowa Poll was over, and she would be “transitioning to other ventures and opportunities.”

Selzer’s exit—and now her legal troubles with Trump’s team—reflects a broader shift: trust in mainstream polling has plummeted to historic lows. Those accused of waging an information war on the minds of the people are now being held accountable. “The Harris Poll was no ‘miss’ but rather an attempt to influence the outcome of the 2024 Presidential Election,” the lawsuit said, adding that “defendants and their cohorts in the Democrat Party hoped that the Harris Poll would create a false narrative of inevitability for Harris in the final week of the 2024 Presidential Election.” The era of misinformation and disinformation by the Democratic Party, propped up by fake news, fake polls, and a government-sponsored censorship complex (and billionaire-funded: Soros), has infuriated the American people. At the same time, prediction markets like Polymarket have emerged, which offer one of the best insights into electoral outcomes and signal a new tool in political forecasting.

The lawsuit noted that Selzer’s more than three-decade run in the industry has led to her retirement “in disgrace from polling less than two weeks after this embarrassing rout.” The lawyers argued that “left-wing pollsters have attempted to influence electoral outcomes through manipulated polls that have unacceptable error rates and are not grounded in widely accepted polling methodologies.” [..] The lawsuit Monday night comes days after far-left ABC News and its top anchor, George Stephanopoulos, reached a $15 million defamation suit with Trump. Trump also filed a lawsuit against far-left CBS News, demanding $10 billion in damages over “deceitful, deceptive manipulation of news” for the election interference surrounding Harris’ questionable interview in October.

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“Federal law criminalizes witness tampering of varying degrees, and subjects a defendant to as many as 20 years in prison..”

House GOP Accuses Liz Cheney Of Tampering With J6 Witness (JTN)

The House Administration Oversight Subcommittee and its chairman Barry Loudermilk on Tuesday released an interim report on the Jan. 6 Capitol riot, concluding the attack was preventable and also asking for an investigation into former Rep. Liz Cheney for criminally tampering with a witness during the Democrat-led congressional inquiry of the tragedy. “Based on the evidence obtained by this Subcommittee, numerous federal laws were likely broken by Liz Cheney, the former Vice Chair of the January 6 Select Committee, and these violations should be investigated by the Federal Bureau of Investigation,” the report released by the House Administration Oversight Subcommittee and its chairman Barry Loudermilk stated.”Evidence uncovered by the Subcommittee revealed that former Congresswoman Liz Cheney tampered with at least one witness, Cassidy Hutchinson, by secretly communicating with Hutchinson without Hutchinson’s attorney’s knowledge.,” it added.

“This secret communication with a witness is improper and likely violates 18 U.S.C. 1512. Such action is outside the due functioning of the legislative process and therefore not protected by the Speech and Debate clause.” Federal law criminalizes witness tampering of varying degrees, and subjects a defendant to as many as 20 years in prison.The report also took direct aim at former White House aide Cassidy Hutchinson, Cheney’s star witness at the nationally televised hearings, alleging that Cheney encouraged false testimony about a handwritten document and noting her sensational claim that former President Donald Trump tried to commandeer his presidential limousine that day to take it to the Capitol was directly refuted by the Secret Service.Loudermilk’s report suggested Cheney also bore responsibility for Hutchinson’s testimony.

“The Federal Bureau of Investigation must also investigate Representative Cheney for violating 18 U.S.C. 1622, which prohibits any person from procuring another person to commit perjury,” the report said. ”Based on the evidence obtained by this Subcommittee, Hutchinson committed perjury when she lied under oath to the Select Committee.”The report delivers a second bombshell, revealing Loudermilk’s team uncovered “evidence of collusion” between Special Counsel Jack Smith and the Democrats’ Jan. 6 committee led by Rep. Bennie Thompson, D-Miss., and Cheney. When Smith released a trove of documents in October that were used in his filings in the Trump case, present in the batch was an unredacted transcript from one Jan. 6 Select Committee interview with a witness.

“Given that the Select Committee did not archive, or otherwise destroy this transcript, and that the White House refused to provide an unredacted version to the Subcommittee, the only remaining explanation is that Special Counsel Smith received the unredacted version from one of the two institutions which did not cooperate fully with the Subcommittee,” Loudermilk’s committee concluded.

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“Biden’s pardon list has replaced the usual Inauguration Ball lists as the “must-have” item this year..”

The Danger of White Knight Pardons (Turley)

There are growing indications that President Joe Biden is about to fundamentally change the use of presidential pardons by granting “prospective” or “preemptive” pardons to political allies. Despite repeated denials of President-elect Donald Trump that he is seeking retaliation against opponents and his statements that he wants “success [to be] my revenge,” Democratic politicians and pundits have called for up to thousands of such pardons. While there is little threat of any viable prosecution of figures like the members of the January 6th Committee, the use of “White Knight pardons” offers obvious political benefits. After many liberals predicted the imminent collapse of democracy and that opponents would be rounded up in mass by the Trump Administration, they are now contemplating the nightmare that democracy might survive and that there will be no mass arrests.

The next best thing to a convenient collapse of democracy is a claim that Biden’s series of preemptive pardons averted it. It is enough to preserve the narrative in the face of a stable constitutional system . Indeed, Biden’s pardon list has replaced the usual Inauguration Ball lists as the “must-have” item this year. Pardon envy is sweeping over the Beltway as politicians and pundits push to be included on the list of presumptive Trump enemies.The political stunt will come at a cost. Preemptive pardons could become the norm as presidents pardon whole categories of allies and even themselves to foreclose federal prosecutions. It can quickly become the norm in what I recently wrote about as our “age of rage.” It will give presidents cover to wipe away any threat of prosecution for friends, donors, and associates. This can include self-pardons issued as implied condemnations of their political opponents.

It could easily become the final act of every president to pardon himself and all of the members of his Administration. We would then have an effective immunity rule for outgoing parties in American politics. Ironically, there is even less need for such preemptive pardons after the Supreme Court recognized that presidents are immune for many decisions made during their presidencies. Likewise, members have robust constitutional protections for their work under Article I, as do journalists and pundits under the Constitution’s First Amendment. We have gone over two centuries without such blanket immunity. In my book The Indispensable Right, I discuss our periods of violent political strife and widespread arrests. Thomas Jefferson referred to John Adams’s Federalist government as “the reign of the witches.” Yet, even presidents in those poisonous times did not do what Joe Biden is now contemplating.

Moreover, presidential pardons have a checkered history, including presidents pardoning family members or political donors. Bill Clinton did both. Not surprisingly, Clinton last week attempted to add his own wife’s name to the sought-after Biden pardon list. He added, however, “I don’t think I should be giving public advice on the pardon power…It’s a very personal thing.” That is precisely the point. The power was not created to be used for “very personal things,” like pardoning your half-brother and a fugitive Democratic donor on your last day in office. Yet, despite that history, no president has seen fit to go as far as where Biden appears to be heading.

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“..as Big Tobacco began buying off the TV news more than 70 years ago, Big Pharma is doing that today..”

An Open Letter To Robert F. Kennedy, Jr. (AmG)

Dear Mr. Kennedy,

Of the many issues you will tackle as Secretary of Health and Human Services, we implore you to work with FCC Commissioner Brenden Carr and immediately put an end to pharmaceutical companies advertising prescription drugs on television. This should be one of your earliest moves in the Trump administration. Why is this so timely? The sheer amount of dollars being spent on TV advertising by “Big Pharma” should raise suspicion among those who care about accuracy in media and information being consumed by the public. It is an old trick for an industry to buy off the news media for favorable coverage. When evidence of the dangers of smoking cigarettes began to emerge in the 1950s, news organizations were reluctant to expose “Big Tobacco” because it was responsible for an abundance of media ad revenue. The same synergistic relationship exists today with “Big Pharma” and television news.

Similarly, as Big Tobacco began buying off the TV news more than 70 years ago, Big Pharma is doing that today. The incessant drumbeat of COVID boosters, RSV injections, and flu shot ads is run alongside news reporters covering up vaccine side effects, including increased cases of myocarditis, anaphylaxis, psychosis, and/or early death. Nowhere is this more evident than with Novo Nordisk A/S’s type 2 diabetes drug Ozempic. While this drug may offer benefits to the millions of Americans who suffer from type 2 diabetes (some surveys place the number of Americans afflicted with type 2 diabetes at nearly 10%, with more than 30% considered pre-diabetic), at what cost? If your insurance doesn’t cover Ozempic, your monthly cost will be nearly $1,000. And you will be “hooked” for life.

Concurrently, what about the shameless promotion of Ozempic as an aid for weight loss? Can you watch a program on the nightly news on one of the alphabet networks or cable news without seeing ads for Ozempic touting its benefits to lose weight? And what about the genre of late-night so-called comics like vax-shill Stephen Colbert? The late-night TV category is dying, with Colbert (CBS), Jimmy Fallon (NBC), and Jimmy Kimmel (ABC) suffering historic low ratings. If not propped up by “Big Pharma” ad dollars, will a ban on ads for prescription drugs be the final nail in their coffins? Let’s hope so, as all three ceased being funny years ago. We know you are already on the record as having intentions of outlawing Big Pharma ads for prescription drugs on television. Today, among high-income countries, only the U.S. and New Zealand allow for such advertising. Almost all other countries are fully knowledgeable of the conflict between ad dollars and news reporting.

The longer this obvious conflict persists, the more the public will be misled and lied to about the real dangers of prescription drugs and the intentions of Big Pharma to buy off the news media to hide these dangers. A ban on this type of advertising will go a long way toward keeping the news media honest—or perhaps putting the worst of them out of the misinformation business altogether. Among the many items on your agenda, once you take office, this is probably the easiest of them. Our broadcast news outlets operate under a license from the FCC and are obligated to serve the public interest at all times. Taking money from Big Pharma to cover up or lie about the potential damage the public will suffer through the use of their products cannot be tolerated any longer. We both applaud your passion to Make America Healthy Again. Count us in.

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PCR just keeps going. Little self-reflection.

Will Putin Fight or Surrender? (Paul Craig Roberts)

In his meeting the other day with the Russian Defense Ministry Board, Putin discussed the accomplishments of the past year and measures needed to ensure Russia’s security from Washington’s aspirations for world dominance. “We see the US administration and the collective West relentlessly trying to preserve their dominance, pushing their rules on the global community and manipulating them as they see fit.” Washington, Putin said, is engaged “in an effort to weaken our country and inflict a strategic defeat.” That is true, but why is Putin helping Washington succeed? Putin complains about the growing instability and violence in the Middle East. Does he realize that he contributed to it by withdrawing Russia’s defense of Syria? Did Putin forget “seven countries in five years”? Did Putin forget “Greater Israel”? Did Putin forget Turkey’s ambition against the Kurds?

Putin complains about the West’s participation with Ukraine in the conflict with Russia. Why did Putin make this possible by dragging out a limited military operation for 3 years? How could Putin fail to understand that Washington would test the intervention waters step by step to see if there are any real red lines. The absence of red lines has reached the point of Washington and NATO firing missiles into Russia, and Putin, despite his warnings to the West, retaliates only against Ukraine. Indeed, Putin’s retaliations are measures that should have been conducted on the first day of Russia’s intervention in Donbas. Putin has prevented Russian military action that would have made it impossible for Kiev to continue the conflict. What purpose is served by dragging out the conflict? Certainly not the preservation of lives.

The Russian population is hurting not so much from the West’s sanctions as from Putin’s central bank director’s 21 percent interest rates. Sooner or later the population is going to blame the war for the economic deprivation, and support for a war without end will decline. The same central bank director left Russia’s central bank reserves where they could be stolen by Washington. I suspect the central bank director’s warnings that Russia cannot afford war is the reason the Russian military remains too small for effective deployment, thus forcing Russian reliance on nuclear weapons. The West has just imposed more sanctions on Russia, and Russia continues to supply energy to Poland and Romania, NATO members hosting US missile bases on their borders with Russia. It is extraordinary how the Russian government helps Russia’s enemies to work against Russia.

It is not only Putin who seems unable to get his mind around reality. The leader of the terrorist group HTS used by Turkey, Washington, and Israel fo overthrow Assad, Hayat Tahrir al-Sharaa, complains that Israel has no excuse for continuing military strikes on Syria. Apparently, al-Sharaa has never heard of “Greater Israel.” Israel is clearing the way for Syria’s absorption into “Greater Israel,” just as Turkey intends the absorption of the Kurdish area of Syria to become incorporated into Turkey. As Israeli strategist Oded Yinon wrote, the Muslim world is too disunited to stand as an obstacle to “Greater Israel.” Perhaps that is the reason Putin abandoned his ally. But by sacrificing Syria Putin has left the road open to Iran and Lebanon. If Iran becomes the mess that Washington has created elsewhere in the Muslim world, the Russian Federation will be open to infiltration by jihadists to cause disruption in Russia’s Muslim areas.

Meanwhile Washington continues to operate against Russia in the former Russian provinces of Georgia and Armenia. How long before there are American missile bases in Georgia and Armenia? It is unclear why US missile bases on Russia’s border with Ukraine are a reason for Russian military action, but not US missile bases on Russia’s borders with Poland and Romania. It was impossible for Putin to stand aside while the US created a Ukrainian army to destroy the Russian populations of Donbas. The world should appreciate that Putin has not attacked Russia’s tormenters outside of Ukraine. Putin has also accepted sanctions without adequate response. The question is whether Putin’s determination to avoid a larger war presents as weakness and indecision that encourages the West to further provocations that eventually lead to a wider war. The big question in the coming year is whether Putin surrenders or fights.

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“Peacekeeping missions are based on international law and require a peace settlement and a UN mandate..”

EU wants EU peacekeepers. But they’re a party to the war. Of course they deny that, but…

Finland Warns Against Peacekeepers In Ukraine (RT)

EU countries should avoid making hasty decisions about sending a peacekeeping mission to Ukraine, Finnish President Alexander Stubb has warned. He was speaking at a defense cooperation summit in Tallinn, where the conflict between Moscow and Kiev was top of the agenda.Some EU leaders have previously floated the idea of a possible peacekeeping operation in Ukraine after peace with Russia is eventually achieved. According to Stubb, however, a peacekeeping operation is not currently a realistic option, as it could result in an escalation, and it would also require hundreds of thousands of troops. “We should not get ahead of ourselves,” Stubb warned before the start of the discussions on Tuesday, as quoted by Finnish news outlet Yle. Peacekeeping missions are based on international law and require a peace settlement and a UN mandate, he noted.

“The operation cannot be launched on a shaky foundation,” he added. According to the Finnish president, a peacekeeping mission would require at least 150,000 soldiers. “In rotation, that means three times that, or 450,000 peacekeepers per year. So perhaps this discussion has gone off the rails, so to speak,” he added. Stubb was speaking during a meeting of the Joint Expeditionary Force (JEF). The military group is made up of the Netherlands, Iceland, Great Britain, Denmark, Sweden, Norway, Finland, Latvia, Lithuania, and Estonia. The latter five nations share a border with Russia and have been among the most outspoken critics of Moscow and its military operation in Ukraine.Before the meeting, Estonian Defense Minister Hanno Pevkur stated that “no option can be ruled out,” even before there is peace in Ukraine, according to Yle.

At an EU leaders’ summit on Thursday, French President Emmanuel Macron plans to raise the issue of deploying a UN peacekeeping mission to Ukraine in the event of a ceasefire and peace deal, various media outlets reported last week. The EU’s top diplomat, Kaja Kallas, said earlier that the bloc was not considering sending peacekeepers to Ukraine as hostilities between Kiev and Moscow are far from over. Kremlin spokesman Dmitriy Peskov said on Monday that it was “premature” to discuss a peacekeeping mission in Ukraine because Kiev refuses to hold peace talks with Moscow.

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Are we sure Ukraine killed him? And not some NATO country? They seem to have had more reason.

Slain Russian General Worked Fearlessly To Expose Western Crimes – Moscow (RT)

Lieutenant General Igor Kirillov, who was assassinated in Moscow on Tuesday, had for years systematically exposed Western crimes involving chemical weapons and did so fearlessly, Russian Foreign Ministry spokeswoman Maria Zakharova has said. Kirillov, the commander of the Russian Radiological, Chemical, and Biological Defense Forces, was killed along with his aide by an explosion in southeastern Moscow in the early morning. A number of media outlets have since reported that the murder was carried out on the orders of Ukraine’s Security Service (SBU), which had labeled Kirillov as an “absolutely legitimate target” for assassination.

Writing on Kirillov’s passing, Russian Foreign Ministry spokeswoman Zakharova said that throughout his career he had repeatedly exposed the crimes of the “Anglo-Americans” such as “NATO provocations with chemical weapons in Syria, Britain’s manipulations with prohibited chemical substances and provocations in Salisbury and Amesbury, the deadly activities of American biolabs in Ukraine, and much more.” “He worked fearlessly. He did not hide behind people’s backs,” Zakharova wrote. Former Russian President Dmitry Medvedev, who currently serves as deputy chairman of the national Security Council, also expressed his condolences to Kirillov’s colleagues, family, and friends, and stated that the attack in which he was killed was “the agony of the Bandera regime.”

“With its last strength, it is trying to justify its worthless existence before its Western masters, to prolong the war and death, to justify the catastrophic situation at the front. Realizing the inevitability of its military defeat, it is inflicting cowardly and vile blows in peaceful cities,” Medvedev said. State Duma Defense Committee chairman Andrey Kartapolov described Kirillov as a “worthy Russian general” and a “real officer,” stating that had done “a lot to bring the US to justice,” particularly with regards to Washington’s activities in setting up laboratories around the world, including in Ukraine.

“We caught them there, and Kirillov’s role in this is greater than anywhere else,” Kartapolov said. He added that Kirillov’s revelations have “caught too many people” and that he “wouldn’t be surprised” if figures outside of Kiev also had a hand in his assassination, including the son of US President Joe Biden, Hunter Biden. Kartapolov stressed that those who organized and carried out Kirillov’s murder will be found and punished, “whoever they are and wherever they are.” State Duma Speaker Vyacheslav Volodin also condemned Kirillov’s assassination, stating that it once again highlights “the criminal nature of the Kiev regime.” “It is a terrorist state headed by an illegitimate president – a Nazi. All those guilty must receive the punishment they deserve,” Volodin was quoted as saying by the Duma press service.

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Pick ’em off one by one.

Which Western Politician Will Flee Their Sinking Ship Next? (Marsden)

I have a confession to make. I really suck at cooking. I have no idea what I’m doing in the kitchen. And my best efforts usually end with a trip to the ready-made meal section of the local grocery store. But that said, I know my limits. You won’t catch me trying to get a job at in Parisian fine dining, for example, or even at a local diner. But the people currently cooking up the Western establishment’s shared agenda? They’ll just burn down the whole kitchen, and then eject out. Or at least some of them will do the latter. Not nearly enough of them yet. But it seems to be a promising new trend in the absence of their inability to just stay out to begin with. German Chancellor Olaf Scholz called for a no-confidence vote against himself on Monday, officially asking the parliamentarians of the Bundestag whether they might wish to do him the honor of taking a foot to his arsch.

It’s basically a case of political suicide-by-cop. Scholz wanted them to put his current mandate out of its misery because he’s totally impotent, politically speaking. Why? Because the yellow light centrists of his traffic light coalition bailed on him and he no longer has the majority needed to ram things through parliament.All this came about because Scholz’s finance minister, Christian Lindner, from the centrist Free Democratic Party, decided back in November that he wasn’t interested in a career as a magician attempting to work miracles with Scholz’s spending priorities. Germany virtue-signaled itself right into economic devastation following along with EU sanctions to impress their girlfriend Vladimir Zelensky. Then Scholz told his finance minister to just lift his foot up off the debt brake a bit so he can go on another €15 billion ($15.7 billion) spending joyride for Ukraine.

And Lindner was like, nope, how about you just dust off some of those long-range Taurus missiles in the closet and give those to your girlfriend instead? Yeah, they’re dangerous, but they’re also just sitting there like an apartment exercise bike with laundry hanging off it, so it’s a win-win – well, except for that World War III risk. Scholz didn’t want to do that because it would mean babysitting Kiev so it didn’t start a third world war against Russia. It would also mean sending German troops to Ukraine so Zelensky could sit on their lap and pretend to drive the Tauruses. And it’s never the toddler who gets blamed for those accidents. So Scholz and Lindner had a falling out over a month ago that ultimately led to a breakup, with Lindner and his yellow light centrists walking away from Scholz’s coalition table like a teenaged clique in the school cafeteria.

German lawmakers welcomed the opportunity to kick Scholz in the lederhosen and out of the Biergarten. One down, one more to go. Because next up (probably) is Christian Democrat leader Friedrich Merz, currently topping the polls ahead of an expected February election. He seems keen on giving Washington and Brussels even more power over German decision-making. Yeah, maybe Washington can advise Berlin on nail placement for its economic coffin, too? As if that’s really Germany’s big issue right now – that it wasn’t sycophantic enough under Scholz, with Merz saying how it was “embarrassing how Scholz acted in the European Union.” Scholz shrugged off Nord Stream being blown up, putting the German economy at the mercy of pricy American gas, and Merz doesn’t think Scholz was enough of a team player?

Scholz apparently just wanted to keep feeding more taxpayer cash into the German military industrial complex under the pretext of helping Ukraine, but doesn’t seem too keen on actual war. But Merz isn’t even capable of understanding how that grift works, apparently. Sounds promising.Meanwhile, across the pond in Canada, Prime Minister Justin Trudeau’s finance minister, Chrystia Freeland, bailed right out of the job, just hours before she was set to deliver the latest budget statement. That’s always a good sign. Kind of like calling in sick before a big test that you know you’re about to fail. The $62 billion deficit that was set to be announced – $22 billion more than Freeland’s projected target – might have had something to do with it.

She says that she was pushed out first, though, writing in her resignation letter to Trudeau, “On Friday, you told me you no longer want me to serve as your Finance Minister and offered me another position in the cabinet.” Freeland says that she rejected “costly political gimmicks” like sales tax holidays and onetime cash handouts, presumably, which she herself had spent months relentlessly promoting. She makes it sound like she was a sudden voice of reason, and referred to “strenuous efforts this fall to manage our spending in ways that will give us the flexibility we will need to meet the serious challenges presented by the United States.”

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“I’m going to find out who’s making these accusations and nuke them.”

Musk Accuses ‘Deep State Traitors’ Of Targeting Him (RT)

US federal agencies have initiated at least three reviews into whether Elon Musk and his rocket company, SpaceX, complied with security reporting protocols designed to safeguard state secrets, according to people familiar with the matter who spoke with the New York Times. Elon Musk currently holds a top-secret security clearance at SpaceX, the highest level granted by the Defense Counterintelligence and Security Agency. This clearance allows him access to highly sensitive classified information, including advanced US military technology, but he is required to report details of his private life under the “continuous vetting” rules. The investigations were triggered by alleged repeated failures to report crucial details about Musk’s travel and other activities, including meetings with foreign leaders, the NYT reported on Tuesday.

SpaceX employees responsible for ensuring compliance have allegedly raised concerns about lax reporting practices within the company since at least 2021. But according to the publication, complaints reached a “tipping point” following Musk’s public support for President-elect Donald Trump and his growing potential “influence” in the upcoming US administration. ”Deep state traitors are coming after me, using their paid shills in legacy media. I prefer not to start fights, but I do end them…” Musk wrote on X on Tuesday, responding to the NYT allegations. The Defense Department’s Office of Inspector General opened its review this year, while the Air Force and the Pentagon’s Office of the Under Secretary of Defense for Intelligence and Security began separate investigations last month, the NYT reported. The agencies have declined to officially confirm or deny the existence of these reviews and have not accused the South African billionaire of disclosing classified material.

Last month, Senator Jeanne Shaheen, a Democrat from New Hampshire and a member of the Senate Committees on Armed Services and Foreign Relations, expressed concern about Musk’s potential to inadvertently disclose sensitive information. In a letter to the Pentagon Inspector General and the US Attorney General, Shaheen and Senator Jack Reed of Rhode Island cited an October article in the Wall Street Journal claiming that Musk had multiple conversations with Russian officials, including President Vladimir Putin in 2022. The newspaper relied on anonymous sources, and provided no evidence to support the assertions. Musk has dismissed those claims, referring to the senators as “puppets” and questioning who was behind the letter. “Who actually wrote this and made those knuckleheads sign it?” he wrote on X at the time. ”There will be consequences for those who pushed foreign interference hoaxes,” he vowed last month, threatening to take action against officials and politicians making baseless accusations. “I’m going to find out who’s making these accusations and nuke them.”

The allegations of links between Musk and Russia echo similar accusations leveled against Donald Trump during his first term in office. Those widespread claims, fueled by media reports and inconclusive investigations, were used to undermine his presidency but were later found to be without basis. The Kremlin has also denied claims that Musk frequently communicated with Putin, calling the allegations another ingredient “tossed into” the US political struggles. Musk has actively supported the president-elect and has become an increasingly influential figure among his team. Trump appointed Musk and entrepreneur Vivek Ramaswamy to head the Department of Government Efficiency (DOGE), a new initiative tasked with reducing government waste and streamlining the federal bureaucracy.

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“..diversity and inclusion” trumps people’s lives.

Boeing’s Failed Plea Deal: What Happens Next (ET)

Months after the Department of Justice (DOJ) offered Boeing a plea deal to avoid criminal fraud charges, a U.S. judge threw a curveball in the case, rejecting the deal after taking issue with a “diversity and inclusion” provision in selecting a monitor to supervise the company’s safety practices, along with how the court would participate in that process.The United States charged Boeing with fraud on Jan. 7, 2021, following the 2018 and 2019 737 MAX 8 crashes, which killed all 346 people onboard both flights. The DOJ accused the aerospace company of deliberately hiding its Maneuvering Characteristics Augmentation System software, which caused both planes to stall midair and fall to the ground, from Federal Aviation Administration regulators.To avoid criminal charges, the DOJ offered Boeing a deferred prosecution agreement: a criminal settlement that required the plane manufacturer to pay a total of $2.5 billion in damages, including a $243.6 million penalty and a $500 million fund to compensate families of the 737 Max crash victims.

Boeing had to remain in compliance for three years after the agreement was signed—which ended on Jan. 7. But, two days prior, a door panel ripped off an Alaska Airlines Boeing 737 MAX 9 flight midair, changing the company’s fortunes overnight and thrusting its safety practices back into public scrutiny. After the DOJ wrote in a May 14 court filing that Boeing had violated the criminal settlement, which the company denied, Boeing then pleaded guilty to defrauding the United States over the 737 MAX 8 crashes. The plea deal would have required Boeing to pay an additional $243.6 million fine, invest $455 million into safety and compliance programs, and submit to three years of independent monitoring over its safety and quality control. Now that U.S. District Judge Reed O’Connor has rejected the deal, the aerospace giant faces several possible outcomes, aside from appealing the ruling, aviation and legal experts told The Epoch Times.

“[The DOJ] can sit down with Boeing and rework the plea deal so that the monitor selection process is more acceptable to the court. Or they can take Boeing to trial on the conspiracy charge,” Erin Applebaum, a partner at Kreindler & Kreindler LLP, which represents 34 families who lost loved ones on Ethiopian Airlines Flight 302, told The Epoch Times. “I have no doubt that the first option is what will happen. I fully expect that DOJ and Boeing will rewrite the plea so that its terms are more favorable to the court.” O’Connor wrote in a Dec. 5 order that he had concerns about a diversity and inclusion provision in Boeing’s plea deal with the DOJ. He targeted a single sentence in the plea agreement that referenced the DOJ’s diversity policy in selecting an independent monitor to monitor Boeing’s safety compliance practices.

“In a case of this magnitude, it is in the utmost interest of justice that the public is confident this monitor selection is done based solely on competency,” O’Connor wrote. “The parties’ DEI efforts only serve to undermine this confidence in the Government and Boeing’s ethics and anti-fraud efforts.” Shawn Pruchnicki, aviation safety expert and assistant professor at Ohio State University’s Center for Aviation Studies, said the monitor had an “amazingly important task” of supervising the company’s safety compliance practices. “I stand fully behind [diversity], but I think many of us in aerospace and certainly in aviation, just like we do on the flight deck … we want someone who is qualified, that can meet the same requirements that we get,” Pruchnicki told The Epoch Times.

Applebaum said she and the victims’ families are very appreciative of the court’s mandating that the DOJ and Boeing improve the monitor selection process. “Though there is still much work to be done, the imposition of a highly qualified monitor who will hold Boeing’s feet to the fire is a good first step towards strengthening aviation safety and ensuring that there are no more Boeing crashes,” she said. In rejecting the deal, O’Connor also criticized how the DOJ positioned the court in the monitor selection process. “At this point, the public interest requires the Court to step in,” he wrote in his order. “Marginalizing the Court in the selection and monitoring of the independent monitor as the plea agreement does undermines public confidence in Boeing’s probation, fails to promote respect for the law, and is therefore not in the public interest.”

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Social media.

World Gripped By Mental Health ‘Pandemic’ – FT (RT)

A mental health crisis is unfolding in workplaces worldwide, with financial services emerging among the hardest-hit sectors, the Financial Times reported on Monday, citing recent research. Burnout, depression, and anxiety are the main issues that significantly undermine productivity, economists, business leaders, and health advocates have warned. A survey by global consultancy firm Deloitte revealed that 17% of finance and insurance workers in the UK experience exhaustion, declining performance, and mental distancing, compared to a 12% average across all sectors. The report noted that the annual cost of poor mental health per employee in financial services amounts to £5,379, more than double that in any of the 14 other industries examined.

Startling statistics by the World Health Organization (WHO) and the International Labor Organization (ILO) show that around 12 billion work days are lost annually to depression and anxiety, costing the global economy an estimated $1 trillion each year. “The scale of the problem is hugely worrying, particularly among young people,” Kate Pickett, professor of epidemiology at York University, told the FT. “The increase has been so huge that there is something real going on,” she said, dismissing suggestions that the rise in reported cases is merely due to greater awareness.

Researchers from Deloitte said the wellbeing of young people is particularly alarming, with one in five UK children having a probable mental health disorder in 2023, compared to one in nine in 2017. Among the factors contributing to the global “mental health pandemic” are the cost-of-living crisis and the pervasive use of social media, according to the researchers. The decline in mental health was exacerbated by the Covid-19 pandemic, during which global depression cases surged by 25% between 2020 and 2021, according to the WHO. The organization said that mental health levels have not yet returned to pre-pandemic levels, with some individuals continuing to experience a “massive hangover from the pandemic.”

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Elon work

 

 

Andreessen

 

 

Eva

 

 

Betrayal

 

 

Squirrel

 

 

Baby elephant

 

 

 

 

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

 

 

 

 

 

Apr 012023
 
 April 1, 2023  Posted by at 9:00 am Finance Tagged with: , , , , , , ,  58 Responses »


Willem de Kooning Door to the river 1960

 

The Capital of the Multipolar World: A Moscow Diary (Pepe Escobar)
US Urges Americans To Leave Russia ‘Immediately’ (RT)
Nebenzya: Without Russia the UN Will Lose Its Meaning (TASS)
ICC’s Putin Arrest Warrant Based On US-funded Report That Debunked Itself (GZ)
Europe Needs Russia To Survive – Lukashenko (RT)
China’s Xi Is Right: Changes Not Seen For A Century (Lukyanov)
From Iraq War To Arming Ukraine. Where Will This Lead? (Sushenstov)
Comparing Beijing, Minsk Peace Plans In Ukraine Inappropriate – Kremlin (TASS)
West Can’t Sweep Nord Stream Sabotage Under The Carpet – Diplomat (TASS)
Russian Needs Major Effort In Bakhmut Despite Heavy Kiev Losses – Wagner (TASS)
EU Underestimates Russian Economic Capacity – Orban (RT)
Norway’s Wealth Fund Unable To Withdraw Funds From Russia (RT)
‘Peacekeepers’ Deployed To Ukraine Without Russia’s Consent – Medvedev (TASS)
Did They Light Up a Cigarette Afterward? (Kunstler)
Manhattan Assistant DA Nukes Twitter Account After Anti-Trump Bias Exposed (ZH)
The Trump Indictment: Making History in the Worst Possible Way (Turley)
Stirrings of Euro Eco-rebellion (Higgie)

 

 

 

 

Dowd

 

 

“Gates, the WHO, a ton of these universities: they’re all talking about including mRNA vaccinations as part of the food. They’re gonna modify the genes of these foods to make them mRNA vaccines,” warned attorney @TomRenz. Missouri HB 1169 seeks to counter such an effort. It’s been described as “one of the most controversial bills in history,” but all it is – is a labeling bill. If a food product is a gene therapy product, you have every right to know. So, if this bill gets passed, it’s a major victory not just for our well-being — but also for discovery, too.
https://twitter.com/i/status/1641990297142829056

 

 

 

 

Trump team
https://twitter.com/i/status/1641827495426113536

 

 

Tucker Trump
https://twitter.com/i/status/1641973692740833281

 

 

Beck
https://twitter.com/i/status/1641603632100524035

 

 

 

 

Ursula

 

 

Kneissl

 

 

 

 

 

 

Western media refuse to report on the major changes happening. How does that serve their audience?

The Capital of the Multipolar World: A Moscow Diary (Pepe Escobar)

How sharp was good ol’ Lenin, prime modernist, when he mused, “there are decades where nothing happens; and there are weeks where decades happen”. This global nomad now addressing you has enjoyed the privilege of spending four astonishing weeks in Moscow at the heart of an historical crossroads – culminating with the Putin-Xi geopolitical game-changing summit at the Kremlin. [..] The initial gut feeling the day I arrived, after a seven-hour walk under snow flurries, was confirmed: this is the capital of the multipolar world. I saw it among the West Asians at the Valdai. I saw it talking to visiting Iranians, Turks and Chinese. I saw it when over 40 African delegations took over the whole area around the Duma – the day Xi arrived in town. I saw it throughout the reception across the Global South to what Xi and Putin are proposing to the overwhelming majority of the planet.

In Moscow you feel no crisis. No effects of sanctions. No unemployment. No homeless people in the streets. Minimal inflation. Import substitution in all areas, especially agriculture, has been a resounding success. Supermarkets have everything – and more – compared to the West. There’s an abundance of first-rate restaurants. You can buy a Bentley or a Loro Pianna cashmere coat you can’t even find in Italy. We laughed about it chatting with managers at the TSUM department store. At the BiblioGlobus bookstore, one of them told me, “We are the Resistance.”

By the way, I had the honor to deliver a talk on the war in Ukraine at the coolest bookshop in town, Bunker, mediated by my dear friend, immensely knowledgeable Dima Babich. A huge responsibility. Especially because Vladimir L. was in the audience. He’s Ukrainian, and spent 8 years, up to 2022, telling it like it really was to Russian radio, until he managed to leave – after being held at gunpoint – using an internal Ukrainian passport. Later we went to a Czech beer hall where he detailed his extraordinary story. In Moscow, their toxic ghosts are always lurking in the background. Yet one cannot but feel sorry for the psycho Straussian neocons and neoliberal-cons who now barely qualify as Zbig “Grand Chessboard” Brzezinski’s puny orphans.

In the late 1990s, Brzezinski pontificated that, “Ukraine, a new and important space on the Eurasian chessboard, is a geopolitical center because its very existence as an independent state helps transform Russia. Without Ukraine, Russia ceases to be a Eurasian empire.” With or without a demilitarized and denazified Ukraine, Russia has already changed the narrative. This is not about becoming a Eurasian empire again. This is about leading the long, complex process of Eurasia integration – already in effect – in parallel to supporting true, sovereign independence across the Global South.

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This is hilarious. Blinken and Jean-Pierre tell everyone to “depart immediately”, and then “National Security Council spokesperson” Kirby “explained Washington was not actually calling upon all Americans to literally leave Russia and was not encouraging news outlets to withdraw their correspondents from the country.”

Leave, but not literally?! Do note Russia says they caught Gershkovich “red-handed”…

US Urges Americans To Leave Russia ‘Immediately’ (RT)

Washington has called upon Americans who are traveling to or residing in Russia to leave the country “immediately” in the aftermath of the arrest of Wall Street Journal (WSJ) correspondent Evan Gershkovich. While Moscow said he was caught “red-handed” trying to obtain state secrets, the US has condemned the arrest as an assault on “press freedom.” US Secretary of State Antony Blinken said Washington was “deeply concerned” about the development, adding that “in the strongest possible terms, we condemn the Kremlin’s continued attempts to intimidate, repress, and punish journalists and civil society voices.”

“We reiterate our strong warnings about the danger posed to US citizens inside the Russian Federation. US citizens residing or traveling in Russia should depart immediately,” the top diplomat said in a statement. A similar message was conveyed by the White House, with Press Secretary Karine Jean-Pierre stating that the “targeting of American citizens by the Russian government is unacceptable.” “We also condemn the Russian government’s continued targeting and repression of journalists and freedom of the press,” she added, urging Americans to “heed the US government’s warning to not travel to Russia” or leave should they happen to already be in the country.

The call was somewhat watered down by US National Security Council spokesperson John Kirby, who explained Washington was not actually calling upon all Americans to literally leave Russia and was not encouraging news outlets to withdraw their correspondents from the country. Gershkovich, a WSJ correspondent who covers news from Russia, Ukraine, and the former USSR, was detained in the city of Ekaterinburg on suspicion of espionage, Russia’s Federal Security Service (FSB) announced earlier in the day. According to Kremlin spokesman Dmitry Peskov, the journalist was caught “red-handed” while trying to obtain Russian state secrets.

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“Apparently, the collective West’s thinking is that children, in particular, orphans, are better left in the war zone.”

Nebenzya: Without Russia the UN Will Lose Its Meaning (TASS)

Will the informal meeting of the UN Security Council on the “Arria formula” on children evacuated from the Ukrainian conflict zone touch upon the issue of their return, as you mentioned at the press conference? The “Arria formula” meeting is designed to bring to the international community first-hand information about evacuated children from the war zone in Donbass and Ukraine and dispel the false narrative spread by the Western media about the alleged “abductions” of children from Ukraine and attempts to “destroy their identity.” I would like to emphasize once again that we are talking about evacuation from the war zone in full compliance with the obligations under International Humanitarian Law, as well as the Convention on the Rights of the Child. Apparently, the collective West’s thinking is that children, in particular, orphans, are better left in the war zone.

From the beginning of the special military operation to the present, millions of people have been evacuated in this way, including children, who in the overwhelming majority of cases arrived on the territory of Russia with their parents, guardians and trustees. Only a small number of evacuated children were in institutions for orphans and children left without parental care. Children who were pupils at institutions located within the administrative boundaries of the DPR and LPR at the time of recognition of their independence by the Russian Federation were transferred under guardianship. Great attention was paid to the placement of minors in the families of blood relatives living in Russia. The Westerners’ use of the term “adoption” in this context is deliberately misleading. In reality, we are talking about temporary preliminary guardianship or temporary guardianship.

The main goal is for children to be in families, not orphanages. This form was chosen specifically taking into account the potential reunification of minors with their blood relatives, if any are found. The Russian side does not prevent children from maintaining contact and communication with their relatives and friends, regardless of their place of residence. To simplify the reunification process, parents can seek help finding their child directly from the office of the Russian Commissioner for Children’s Rights. To this day, with the participation of the Commissioner for Children’s Rights, 15 children from 8 families have already been reunited with their relatives. We have held a number of meetings with representatives of the Regional Delegation of the International Committee of the Red Cross in the Russian Federation and the Republic of Belarus, who also decided to facilitate the reunification of children with parents outside the Russian Federation and Ukraine (in Poland, Portugal and Norway), within the framework of the organization’s mandate.

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Jeremy Loffredo and Max Blumenthal for the Grayzone.

ICC’s Putin Arrest Warrant Based On US-funded Report That Debunked Itself (GZ)

On March 17, the Prosecutor General of the International Criminal Court, Karim Khan, introduced an arrest warrant for Russian President Vladimir Putin and his Commissioner for Children’s Rights, Maria Llova-Belova. The warrant, which accused Putin and Lolva-Belova of conducting the “unlawful deportation” of Ukrainian children to a “network of camps” across the Russian Federation, inspired a wave of incendiary commentary in the West. US Sen. Lindsey Graham, perhaps the most aggressive cheerleader in Congress for war with Russia, proclaimed: “The ICC has an arrest warrant for Putin because he has organized the kidnapping of at least 16,000 Ukrainian children from their families and sent them to Russia. It is exactly what Hitler did in World War II.” CNN’s Fareed Zakaria echoed Graham, declaring the ICC warrant revealed that Putin “is in fact following parts of Hitler’s playbook.”

The ICC prosecutor appeared to have based his arrest warrant on research produced by Yale University’s Humanitarian Research Lab (HRL). Yale HRL’s work was funded and guided by the State Department’s Bureau of Conflict and Stabilization Operations, an entity the Biden administration established in May 2022 to advance the prosecution of Russian officials. During an interview with CNN’s Anderson Cooper, Yale HRL’s executive director, Nathaniel Raymond, claimed his report provided proof that “thousands of children are in a hostage situation.” Invoking the Holocaust, Raymond asserted, “We are dealing with the largest network of children camps seen in the 21st century.”

Yet in an interview with Jeremy Loffredo, the co-author of this report, and in his own paper for Yale HRL, Raymond contradicted many of the bombastic claims he made to the media about child hostages. During a phone conversation with Loffredo, Raymond acknowledged that “a large amount” of the camps his team investigated were “primarily cultural education – like, I would say, teddy bear.” Yale HRL’s report similarly acknowledges that most of the camps it profiled provided free recreational programs for disadvantaged youth whose parents sought “to protect their children from ongoing fighting” and “ensure they had nutritious food of the sort unavailable where they live.” Nearly all of the campers returned home in a timely manner after attending with the consent of their parents, according to the paper. The State Department-funded report further concedes that it found “no documentation of child mistreatment.”

Yale HRL based its research entirely on Maxar satellite data, Telegram postings, and Russian media reports, relying on Google translate to interpret them and at times misrepresented the articles in its citations. The State Department-funded unit conceded that it performed no field research for its paper, stating that it “does not conduct ground-level investigations and therefore did not request access to the camps.” Unlike the Yale investigators who inspired the ICC’s arrest warrant, Loffredo gained unfettered access to a Russian government camp in Moscow that houses youth from the war-torn Donbas region. Though it is precisely the kind of center that Yale HRL – and by extension, the ICC – have portrayed as a “re-education camp” for Ukrainian child hostages, he found a hotel full of happy campers receiving free classical music lessons in their native Russian language from first-class instructors – a “teddy bear,” as Raymond called it.

At The Donbas Express music camp located just outside of Moscow, youth told Loffredo they were grateful to have found refuge from the Ukrainian army’s years-long campaign of shelling and besiegement of their homeland. By fleeing the war in Donbas, these children had escaped a nightmarish military conflict for which Yale HRL and the ICC have demonstrated little to no concern.

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The UN needs Russia, and Europe needs Russia.

Europe Needs Russia To Survive – Lukashenko (RT)

The world is currently witnessing “the destruction of Europe,”Belarusian President Alexander Lukashenko told the national parliament in an annual address on Friday. The continent is losing its independence because Western nations are turning into US satellites, the Belarusian leader believes. Only uniting with Moscow could stop that, he said. “The policy of the European Union, both foreign and internal, has become totally subordinated to US interests,” Lukashenko said, as he accused European leaders of lacking the political will to make their nations truly independent in international affairs. According to Lukashenko, the US has long been pursuing a policy of economic suppression against the EU. The emergence of Europe’s own competitive currency, the euro, has prompted the US to start “suffocating” its “subjects,” he stated.

Washington is also using the ongoing conflict in Ukraine to “stall” Europe, the Belarusian president added. The only way out for Europe is to join forces with Russia, Lukashenko said. “Europe can survive only together with us, primarily with Russia,” he told the lawmakers. “If Russia and Europe unite, it will be a powerhouse no one can beat.” The statements were made as Russia unveiled its revised foreign policy concept. The document, which outlines the nation’s strategic priorities, called the “anti-Russian policy” of the US a major threat to international peace. At the same time, Moscow maintained that it did not consider Western nations to be adversaries and was ready for dialogue and cooperation on the basis of mutual respect.

The developments came amid the ongoing military conflict between Russia and Ukraine, in which the EU followed the US in supporting Kiev with both military and financial aid while slapping Moscow with unprecedented sanctions. The EU has also tried to get rid of Russian oil and gas imports, which has negatively impacted European nations that were previously heavily dependent on Russian energy imports, like Germany. Although the German government announced in January that the country would narrowly avoid a recession this year, credit ratings agency Fitch predicted earlier this month that the German economy would enter recession by late 2023.

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“We will take our cue from Xi, who sees the changes taking place as a sign of necessary renewal. And we will manage the costs somehow.”

China’s Xi Is Right: Changes Not Seen For A Century (Lukyanov)

The second half of the twentieth century and the beginning of the twenty-first have been very comfortable times for the world as a whole. In terms of the overall geopolitical arrangement, we saw first a rather strong balance based on bipolar confrontation, then a relatively stable hegemony. But there has also been progress in the social and economic senses. Many positive changes took place after the Second World War. The welfare state model spread across most of Europe, and even the United States, with its more modest traditions in this sphere, made great strides. Similar changes also took place on the other side of the Iron Curtain, with a focus on improving living standards and consumer diversity added to the traditional priorities of defence. In the Third World, as colonial possessions were disappearing there was an enthusiasm for freedom and a belief in the future. Even if many of the new states carried little heft.

The end of the Cold War brought with it new expectations. The ‘free world’ enjoyed a ‘peace dividend’ (reduced military spending) and the opportunity to extend its economic expansion into previously closed areas. The former socialist countries took advantage of the opening up in every way they could and – at least for individuals – there were more opportunities than before. This was often to the detriment of state capacity, but it was believed that this was the general trend – the individual was more important. Eventually, the former Third World tried to take advantage of both. Many countries in Asia, for example, have benefited greatly from globalization. Meanwhile, a lot of people from states which have underachieved have chosen to move to wealthier locations.

Both periods had one thing in common – a widespread feeling that tomorrow would be better than yesterday. However, now, just like that, it’s over. At present, it’s commonplace to accuse political elites of unprofessionalism and bad governance. Without making excuses for individual politicians, the current generation – which grew up in these very favourable conditions – has had to deal with shifts of a tectonic nature. The exhaustion of the previous financial model of the capitalist economy, the communications revolution (one of the main results of which is the mental divide between the mature and the young), technological change with inevitable consequences for the labour market, an ageing population in the developed countries, and a rejuvenation in previously troubled states is creating a completely different international environment.

Moreover, the interconnectedness of the planet does not allow anyone to isolate themselves from the general instability, which spills over national borders in various forms. Moreover, as was the case a century ago, the growth of socio-political activism among the masses is leading to the radicalization of political groups. And with traditional parties and ideologies in deep crisis, radicalization can take quite archaic forms. We will take our cue from Xi, who sees the changes taking place as a sign of necessary renewal. And we will manage the costs somehow.

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“America at the Apex.”

From Iraq War To Arming Ukraine. Where Will This Lead? (Sushenstov)

This year’s twentieth anniversary of the illegal Iraq invasion paradoxically coincided with major international events. Xi Jinping, General Secretary of the Central Committee of the Communist Party of China, was in Moscow on the day, while a Russia-Africa Parliamentary Forum opened at the same time. In 2003, at the height of its power, the US proclaimed its “unipolar moment” in which it would dominate unchallenged, needing no allies and tolerating no objections from adversaries. History, it was believed, had a single purpose, and they would stop at nothing to achieve it. Indeed, American military, political and economic dominance seemed total at the time, echoing the sentiments of Henry Kissinger, who a few years earlier had written that “America at the Apex.”

Twenty years later, we are witnessing the flowering of multi-polarity: in Moscow, the General Secretary of the Central Committee of the Communist Party of China talking to the Russian President, two countries contributing to a change the world has not seen in a hundred years. This transience of world history shows how quickly historical cycles change, but it is also important that the US itself, through its actions in different parts of the world, is accelerating its course. One of the most important strategic mistakes made by Washington was the invasion of Iraq. Based on a false pretext and deliberately misleading the international community, it led to a series of serious war crimes, a catastrophic civil war, the shattering of Iraqi statehood and significant repercussions for the entire Middle East.

Just a few years of American presence in Iraq resulted in huge numbers civilian deaths, indiscriminate use of force, and the destruction of several cities, including Mosul. During the evacuation of the Russian embassy during the 2003 US invasion, a convoy of diplomats came under US fire and several were injured. US private military contractors, who at one point had the same presence in the country as official troops, committed a number of war crimes. The abuse of prisoners by the US military at Abu Ghraib prison near Baghdad has been well documented. When the International Criminal Court raised the question of the responsibility of American citizens being charged over offenses in Afghanistan and Iraq, the US responded by saying that it would prosecute the judges who raised the issue and that they should withdraw their initiatives immediately. Arguably the greatest crime of the US in Iraq has been to create a civil war that has resulted in a terrible number of casualties with estimates ranging from 600,000 to one million.

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“..a number of provisions of China’s plan were unlikely to materialize right away, as Kiev was unable to disobey the West.”

Comparing Beijing, Minsk Peace Plans In Ukraine Inappropriate – Kremlin (TASS)

It will be inappropriate to compare the two sets of ideas for a peace settlement in Ukraine, proposed by Chinese President Xi Jinping and Belarusian President Alexander Lukashenko, Russian Presidential Spokesman Dmitry Peskov told the media on Friday. “We believe it will be hardly appropriate to compare these two sets of ideas, I mean the plan that was voiced by [Chinese] President Xi [Jinping] and the one that [Belarusian] President Alexander] Lukashenko has just mentioned,” the Kremlin spokesman said. He also noted that Russian President Vladimir Putin had discussed with Xi the plan proposed by China and some of its individual provisions. At the same time, according to Peskov, a number of provisions of China’s plan were unlikely to materialize right away, as Kiev was unable to disobey the West.

“The plan [peace plan proposed by China] has not been put on hold, but there are certain provisions that, so to say, cannot be implemented for now due to the inability of the Ukrainian side to disobey its patrons, its commanders,” Peskov said. “These commanders, as we know, are not in Kiev. They insist that the war should continue,” he added. On March 20-22, Xi Jinping paid a state visit to Moscow. Among other things he discussed with Russian President Vladimir Putin China’s plan for a peace settlement in Ukraine. The Russian leader said afterwards that many of the provisions of that plan were in line with Russia’s own approaches and could be used as the basis for a peace settlement, when the West and Kiev were ready for it.

Earlier on Friday, Lukashenko, in his address to the people and parliament of Belarus, called for declaring truce in Ukraine “without the right to move and regroup troops on both sides and without the right to move weapons and ammunition, manpower and equipment.” Lukashenko explained that in such a situation, “if the West once again tries to use the pause to deceitfully strengthen its positions, Russia will be obliged to use the entire strength of its military-industrial complex and the army to prevent an escalation of the conflict.”

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Nebenzya comes to the front. Yet another erudite spokesman.

West Can’t Sweep Nord Stream Sabotage Under The Carpet – Diplomat (TASS)

The West will not be able to “sweep under the carpet” the topic of sabotage on the Nord Stream and Nord Stream 2 gas pipelines, Russian Permanent Representative to the United Nations Vasily Nebenzya said in an exclusive interview with TASS. Russia will take the chair of the UN Security Council in April. According to the diplomat, when voting on March 27 in the UN Security Council on a draft resolution on the establishment of an international commission to investigate the circumstances of sabotage, the United States and its allies “preferred to hide behind the “front” of convenient national investigations in Germany, Denmark and Sweden.” “The tactics of our Western colleagues do not surprise us – after all, as we once again became convinced from the recent investigation of the autoritative American journalist Seymour Hersh, all the evidence points to who is behind the explosions on the Nord Stream,” Nebenzya said.

“The behavior of the United States and Western countries during the discussion of this topic at the Council platform, including the eloquent silence of the American delegates in response to the reminder of the threats against the gas pipeline from the American leadership, only reinforces these suspicions. But unfortunately for their Western colleagues they will not be able to “sweep under the carpet” this topic. We will continue to strive to ensure that the true circumstances of what happened are established, and all those responsible are punished,” the diplomat stressed.

Nebenzya noted that during the discussion of this initiative, Russia’s representatives showed “the most flexible and responsible approach, and a balanced text was put to a vote, taking into account the concerns expressed by states.” “Its adoption was supported by such major players as China and Brazil. However, the United States and its allies, of course, did not come out in favor,” the diplomat stated. He noted that “investigations in Germany, Denmark and Sweden, whose objectivity is questionable” for Russia “given that the authorities of these countries, without any clear reason, refused to cooperate” with the Russian competent authorities.

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The fields are mud. Russia is not in a hurry.

Russian Needs Major Effort In Bakhmut Despite Heavy Kiev Losses – Wagner (TASS)

The Ukrainian military is suffering serious casualties in Artyomovsk (called Bakhmut in Ukraine) but Russian troops still have to take enormous efforts in that area, Yevgeny Prigozhin, founder of the Wagner private military company, said on Friday. “No, the Ukrainian army is not fleeing anywhere. The Ukrainian army is engaged in bloody battles and is defending Artyomovsk at the expense of serious casualties,” the Wagner press office quoted Prigozhin as saying on its Telegram channel. “Another important aspect that should be mentioned is the need to hold the flanks,” he stressed. “Today we need to concentrate efforts in the city because this is an enormous amount of combat work to do. The flanks should not let us down and allied units should hold them,” Prigozhin said.

Russian forces “are moving forward and taking every building, every building entrance and every garage between buildings,” he said. “In Bakhmut, there are about 800 high-rise buildings. If we tell about each [building] entrance, you will be tired of hearing it. When we take Bakhmut, then we will talk about that,” the Wagner founder said. Artyomovsk is located on the Kiev-controlled part of the Donetsk People’s Republic and is a major transportation hub for the Ukrainian army’s supplies in Donbass. Fierce fighting for the city is underway.

Yan Gagin, military-political expert and adviser to the acting head of the Donetsk People’s Republic (DPR), said on March 22 that the city had been practically sealed off by Russian forces and all approaches to Artyomovsk were under Russian artillery control. He earlier said that Russian forces controlled about 70% of the city. Acting DPR Head Denis Pushilin has repeatedly said that there is no evidence of the Ukrainian army’s plans to leave Artyomovsk. Meanwhile, Kiev claims that the city’s defense will be bolstered. Ukrainian President Vladimir Zelensky earlier said that Ukrainian troops would not surrender Artyomovsk and would fight for it as long as they could.

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“Russia’s foreign trade grew by more than 8% last year, while inflation is expected at around 4% this year. This comes as “other Europeans” are trying “to convince everyone of the imminent collapse of the Russian economy..”

EU Underestimates Russian Economic Capacity – Orban (RT)

Western countries are making a mistake by underestimating Russia’s ability to adapt to sanctions, Hungarian Prime Minister Viktor Orban stated on Friday. According to Orban, Moscow demonstrated it could adjust its economy to restrictions following the first wave of Western sanctions, introduced after Crimea voted to secede from Ukraine and to reunify with Russia. “I remember well that in 2015 we exported a lot of food products to Russia…In three years, Russia has built its agriculture and food industry to such an extent that if Hungary wanted to export food there today, it would either not work or be much more difficult than before the imposition of sanctions,” the politician told Kossuth Radio.

The Russian economy has shown its resilience to sanctions and “underestimating” the ability of a country as “huge” as Russia to adapt to restrictions is a “fatal mistake,” Orban added. The Hungarian premier is a vocal critic of the bloc’s approach to the conflict in Ukraine, and has repeatedly argued that sanctions are hurting the EU more than they hurt Russia. Earlier, Orban said that the punitive measures “were supposed to hit Russia, but hit Europe.” The anti-Russia measures have had a devastating impact on Budapest, by sending energy prices soaring and raising costs throughout the economy.

According to the prime minister, EU sanctions introduced against Russia over its military operation in Ukraine have cost Hungary’s economy €10 billion but have failed to stop the conflict. Meanwhile, Russia has survived the loss of Western markets and its economy is developing in a new way, with GDP expected to grow as soon as the second quarter of this year, President Vladimir Putin said earlier in March. Russia’s foreign trade grew by more than 8% last year, while inflation is expected at around 4% this year. This comes as “other Europeans” are trying “to convince everyone of the imminent collapse of the Russian economy,” even though EU inflation rates are higher, the Russian president noted.

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“..a wrapped gift to the oligarchs who buy our shares.”

Norway’s Wealth Fund Unable To Withdraw Funds From Russia (RT)

Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, is still unable to divest its holdings in Russia as the custodian bank is under Western sanctions, the Norwegian Finance Ministry said on Friday. The Oslo-based Government Pension Fund is the world’s biggest owner of publicly traded companies with a portfolio of about 9,000 stocks. It has around 0.2% of its assets invested in Russia. “The market for trading in Russian financial instruments is still subject to comprehensive sanctions and has not been normalized as of March 2023,” the ministry said in a statement. The Nordic country’s authorities decided to sell Russian stocks right after the start of the military operation in Ukraine.

The fund held shares in 47 Russian companies and government bonds valued at 25 billion Norwegian crowns ($2.4 billion) at the end of 2021. However, at that time the fund’s management was resisting pressure to shed Russian assets, with CEO Nicolai Tangen saying it would be “a wrapped gift to the oligarchs who buy our shares.” Since then, Western nations have imposed sweeping sanctions against Russia which now prevent the Norwegian pension fund from divesting its assets. “The concrete and practical problem is that the custodian bank that we use is under sanctions, and can’t assist us with settlement of transactions, and neither with voting on shares” in Russian companies, deputy CEO, Trond Grande said in January.

The situation is “deadlocked” he noted, adding that “there is no way we can either sell or buy or vote on these shares.” Details of the fund’s portfolio at the end of 2022 released in January revealed a loss of about $2.8 billion from Russian holdings, compared to their value at the end of 2021. Meanwhile, Russia has repeatedly warned that sanctions imposed on the country would backfire. Earlier this month, Finance Minister Anton Siluanov said Western nations would “suffer from their own restrictions” while being “disappointed” by Russia’s resilience.

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A pretty crazy plan, if you ask me. Do they really think Russia will let armed troops wander around?

‘Peacekeepers’ Deployed To Ukraine Without Russia’s Consent – Medvedev (TASS)

So-called peacekeepers, whose deployment to Ukraine under NATO auspices is currently being mooted in Europe, will be eliminated should any appear at the frontlines without Russia’s consent, Russian Security Council Deputy Chairman Dimity Medvedev said on Friday. “It is obvious that such ‘peacekeepers’ are our unvarnished enemies, wolves in sheep’s clothing. They would be a legitimate target for our armed forces should they be deployed at the frontlines, without Russia’s consent, with weapons in hand and presenting a direct threat to us,” Medvedev wrote on his Telegram channel. According to Medvedev, “those ‘peacekeepers’” must be destroyed mercilessly as they are the “soldiers of the enemy.”

“They will die in the course of combat,” the deputy chairman of the Russian Security Council stated with confidence. “Is Europe prepared for a long line of coffins holding its ‘peacekeepers’?” he asked rhetorically. “Their (NATO member countries’ – TASS) true intentions are crystal clear – to impose a peace that is favorable to them on the line of contact from a position of strength and to station their ‘peacekeeping’ troops in Ukraine, who would be armed with assault rifles and riding on tanks, and would be wearing some sort of blue helmets with yellow stars,” the deputy chairman of the Russian Security Council said.

Medvedev recalled that the potential results of such actions can be seen in the “history of operations conducted by the United States and its allies in various regions of the world, [including] the tragedies of Korea, Vietnam, Yugoslavia, Iraq, Afghanistan and numerous African countries.” “It is clear that the so-called NATO peacekeepers are simply preparing to enter the conflict on the side of our enemies in order to make hay out of this, bringing the situation to the point of no return, and to unleash that World War III they claim to be so afraid of.”.

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“It’s a little early to assess the knock-on effects of the Left’s ecstatic Trumpgasm..”

Did They Light Up a Cigarette Afterward? (Kunstler)

The New York Times enjoyed its long-delayed tantric Trumpgasm so much today that it rolled out the full-page banner headline format usually reserved for the commencement of world wars. (They took the banner down before seven o’clock this morning.) For many of the cat-ladies employed as “reporters” at the once-august paper, it was the first Trumpgasm they’ve ever experienced in a lifetime of emotional displacement, over-eating, and furious knitting of pink polyester hats for the crusade to root out patriarchal wickedness. This fulfillment of a years-long psychodrama, starring the feared and loathed occult persona of a gold-coiffed “Daddy” figure who once presided in the political household, came at the hands of dragon-slayer Manhattan DA Alvin Bragg, archetype of the many long-oppressed victims worked to death in the bilges of our slave ship of state — now turned righteous Woke deliverer of cosmic vengeance!

This, of course, is brought to you by the party of hoaxes, flimflams, and mandated death shots, so it’s amusing here on the sidelines to see The Times’s op-ed writers squirm with post-coital pleasure underneath the full-page Trumpgasmic headline. The lead editorial declares: “Even Donald Trump Should Be Held Accountable”— overlooking the utter absence of accountability that has been the norm in every recent insult to the nation’s dignity from wholesale and repeat election fraud, to six years of lawless depravity in the FBI, to overt support of Antifa and BLM street havoc, to the forced, deceitful administration of deadly “vaccines.” “How a President’s Arrest Can Strengthen a Democracy,” honorary cat-lady Nicholas Kristoff opined, repeating the bad-faith trope that his legions of Wokery have an interest in political rectitude — when, in fact, they are solely preoccupied with coercing, censoring, cancelling, persecuting, punishing, and defenestrating anyone who objects to their grifts and hustles.

“Only love and a leap of faith can break through distrust. That is why a credible form of patriotism is so important right now,” explained The Times’s official Superintendent of Platitudes, David Brooks, to soothe consciences grated by this loutish gambit to shove a political adversary off the game board in advance of an election. “Joe Biden may not be your cup of tea,” Mr. Brooks summed up his civics lesson, “but he’s restored sanity, effectiveness and decency to the White House.” [..] It’s a little early to assess the knock-on effects of the Left’s ecstatic Trumpgasm. A common theme flying across the Web is that Alvin Bragg’s jerry-rigged case will only make a martyr of Mr. Trump, neatly illustrating and personifying the government’s apparent war against its own citizens — making it clear that they will stop at nothing and no one to enforce the corrupt bureaucracy’s will against the public — and that the net result will be to ensure Mr. Trump’s reelection in 2024.

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There are tons of Trump-haters in positions of power. A new one very day.

Manhattan Assistant DA Nukes Twitter Account After Anti-Trump Bias Exposed (ZH)

Less than 24 hours after the Gateway Pundit exposed Manhattan Assistant District Attorney Meg Reiss’ public hatred of Donald Trump on Twitter, Reiss – who’s been accused of masterminding the case against the former president, locked and then deleted her account. As TGP documented Thursday morning, Reiss ‘liked’ several anti-Trump tweets, exposing her absolute bias against the man her office is about to indict over hush money paid to former adult actress Stormy Daniels (real name Stephanie Clifford). Of note, Trump’s alleged payment to Daniels through former lawyer Michael Cohen would normally be a misdemeanor which falls outside the statute of limitations. Not for Bragg’s office. Not for Reiss. For comparison, Hillary Clinton was allowed to pay a fine to the FEC for actual election interference with the Steele Dossier hoax her campaign paid for and then boosted throughout the media.


As TGP further notes; The Institute for Innovation in Prosecution (IIP) which is a research center out of the Soros-funded John Jay College has tagged her dozens of times. Reiss served as the Executive Director for the IIP.” DA of Brooklyn Eric Gonzalez also tagged Reiss, who previously served in the Brooklyn District Attorney’s Office as the Chief of Social Justice, on several occasions too. Most of these tweets Reiss liked were while she served in the Brooklyn District Attorney’s Office as the Chief of Social Justice and as she served as the director of the IIP. However, her political bias extends into her time at the Manhattan DA’s office as well. Earlier in the year as she was serving as Manhattan’s Chief Assistant District Attorney she retweeted a video of Democrat representative Hakeem Jeffries giving a speech at the State of the Union. At one point during the video Reiss shared, Rep. Jeffries says Democrats will put “Maturity over Mar-a-Lago”.

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“Bragg ran on his pledge to bag Trump and Pomerantz ramped up the political base to demand an indictment for a crime. It really did not matter what that crime might be.”

The Trump Indictment: Making History in the Worst Possible Way (Turley)

Manhattan District Attorney Alvin Bragg has finally made history. He has indicted former President Donald Trump as part of an investigation, possibly for hush money payments. We are all waiting to see the text of the indictment to confirm the basis for this unprecedented act. But history in this case — and in this country — is not on Bragg’s side. The only crime that has been discussed in this case is an unprecedented attempt to revive a misdemeanor for falsifying business documents that expired years ago. If that is still the basis of Thursday’s indictment, Bragg could not have raised a weaker basis to prosecute a former president. If reports are accurate, he may attempt to “bootstrap” the misdemeanor into a felony (and longer statute of limitations) by alleging an effort to evade federal election charges.

While Trump will be the first former president indicted, he will not be the last if that is the standard for prosecution. It is still hard to believe that Bragg would primarily proceed on such a basis. There have been no other crimes discussed over months, but we will have to wait to read the indictment to confirm the grounds. What we do know is the checkered history leading to this moment. The Justice Department itself declined to prosecute the federal election claim against Trump. There was ample reason to decline. The Justice Department went down this road before and it did not go well. They tried to prosecute former Democratic presidential candidate John Edwards on stronger grounds (which I also criticized) and failed. In that case, campaign officials and donors were directly involved in covering up an affair that produced a child.

At the time, Edwards’ wife was suffering from cancer. The prosecution still collapsed. The reason is that you need to show the sole purpose for paying hush money in such a scandal. For any married man, let alone a celebrity, there are various reasons to want to bury a sexual scandal. For Trump, there was an upcoming election but he was also married man allegedly involved in an affair with a porn star. He was also a television celebrity who is subject to the standard “morals clause” that’s triggered by criminal conduct or conduct that brings “public disrepute, scandal, or embarrassment.” These clauses are written broadly to protect the news organizations and their “brand.”

Various presidents from Warren Harding to Bill Clinton have been involved in efforts to hush up affairs. They also had different reasons for burying such scandals, including politics. However, scandals are messy matters with a complex set of motivations. Showing that Trump only acted with the future election in mind — rather than his current marriage or television contracts — is implausible. That was likely the same calculus made by the Justice Department. That is also why the use of the “bootstrapping” theory as the primary charge would be an indictment of the prosecution and its own conduct. The office has already been tarnished by the conduct of the prosecutors who pushed this theory.

When Bragg initially balked at this theory and stopped the investigation, two prosecutors, Carey R. Dunne and Mark F. Pomerantz, then resigned from the Manhattan DA’s office. Pomerantz then did something that some of us view as a highly unprofessional and improper act. He published a book on the case against Trump — a person who was still under investigation and not charged, let alone convicted, of any crime. It worked. Bragg ran on his pledge to bag Trump and Pomerantz ramped up the political base to demand an indictment for a crime. It really did not matter what that crime might be.

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Save the world by destroying society. Sounds like a plan.

Stirrings of Euro Eco-rebellion (Higgie)

It’s not often that a development in north-western Tasmania looms large on the international stage. But a site near Burnie is set to be a key part of Germany’s resistance to Green pressure to abandon internal combustion engine (ICE) vehicles in favour of electric cars. Porsche is the driving force behind the A$1 billion investment in the HIF (Highly Innovative Fuels) plant now in development – one of three such e-fuel plants globally – as part of a move to mass production by 2026. E-fuel, not yet commercially available, is a combination of hydrogen with carbon dioxide captured from the atmosphere which ICE vehicles can run on. While the use of e-fuel produces carbon emissions, these are offset according to producers by the CO2 sucked from the atmosphere to make the fuel. Germany’s car producers are touting ICE vehicles using e-fuel – with the price eventually expected to be around A$2 a litre – as an alternative to battery-powered cars.

Germany’s insistence that ICE vehicles can and must remain into the future has shown that even for its Green-Left government, economics can eventually trump environmental political correctness. The country remains by far Europe’s largest car producer and is the world’s largest car exporter by value, employing 800,000, 5 per cent of the workforce. Car production has in large part powered Germany’s modern economy and more than a little Teutonic pride is inspired by the fact that one of their own, Karl Benz, pioneered the first reliable petrol engine and commercial production of ICE vehicles. Torpedoing the EU plan to ban the sale of new ICE vehicles will allow car producers to continue using their existing products and infrastructure.

Germany’s position has thrown a spanner in the works of what the EU had proclaimed as a landmark step in its climate change activism. Chancellor Olaf Scholz’s government last year signed off on an EU commitment for all new vehicles sold from 2035 to have zero emissions. In February the European parliament, including representives of Germany’s coalition parties, passed legislation to that effect. To be confirmed as EU law, the measure needs to be approved by the European Council, the EU member-state leaders. But at the eleventh hour, the one non-Green-Left element in Germany’s ruling coalition, the pro-business Free Democrats (FDP), began echoing through its Porsche-driving transport minister, Volker Wissing, fierce objections of the country’s car producers to an all-electric vehicle future. The FDP has long been a strong backer of the car industry, including through its resistance to efforts by the other main parties to end Germany’s status as Europe’s only country without a general motorway speed limit. Despite objections from the Greens, Scholz has backed the FDP’s objections to the EU’s planned 2035 law.

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Latest photo of Julian Assange. Now I want to cry.

 

 


Oliver Hardy, Stan Laurel, Jimmy Durante and Buster Keaton in 1932.

 

 

Gervais
https://twitter.com/i/status/1641683221153972226

 

 

Burnt tree
https://twitter.com/i/status/1641750060965715969

 

 

 

 

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Feb 132018
 


Camille Corot Study for “The Destruction of Sodom” 1843

 

We Are Sitting On A “Full Tank Of Gas” (Roberts)
‘Whistleblower’ Alleges VIX Manipulation, Urges Regulatory Probe (R.)
How A 5% Mortgage Rate Would Roil The US Housing Market (CNBC)
Interest-Only Loan Cash Flow Crunch Sparks Fears Of Fire Sales (AFR)
These Bonds Should Make ECB Hawks Apoplectic With Rage (BBG)
China Real Estate Under Pressure (BBG)
Greece Rocked By Claims Drug Giant Novartis Bribed Former Leaders (G.)
Greece Is a Turkey, and the Market’s Going to the Dogs (BBG)
An Englishman’s Home Is an Unreliable Pension Plan (BW)
Charities Face Crackdown On ‘Horrific’ Culture Of Sexual Exploitation (Ind.)
Unicef Admits Failings With Child Victims Of Sex Abuse By Peacekeepers (G.)

 

 

“Individuals just simply refuse to act “rationally” by holding their investments as they watch losses mount.”

We Are Sitting On A “Full Tank Of Gas” (Roberts)

Yea….it’s that psychology thing. Individuals just simply refuse to act “rationally” by holding their investments as they watch losses mount. This behavioral bias of investors is one of the most serious risks arising from ETFs as the concentration of too much capital in too few places.

But this concentration risk in ETF’s is not the first time this has occurred: In the early 70’s it was the “Nifty Fifty” stocks, Then Mexican and Argentine bonds a few years after that; “Portfolio Insurance” was the “thing” in the mid -80’s; Dot.com anything was a great investment in 1999; Real estate has been a boom/bust cycle roughly every other decade, but 2006 was a doozy; Today, it’s ETF’s and Bitcoin.

Risk concentration always seems rational at the beginning, and the initial successes of the trends it creates can be self-reinforcing. Until it goes in the other direction. While the sell-off last week was not particularly unusual, it was the uniformity of the price moves which revealed the fallacy “passive investing” as investors headed for the door all at the same time. Such a uniform sell-off is indicative of what we have been warning about for the last several months. For price chasing investors, last week’s plunge should serve as a warning. “With everyone crowded into the ‘ETF Theater,’ the ‘exit’ problem should be of serious concern. Unfortunately, for most investors, they are likely stuck at the very back of the theater.

I warned of this previously: “At some point, that reversion process will take hold. It is then investor ‘psychology’ will collide with ‘margin debt’ and ETF liquidity. It will be the equivalent of striking a match, lighting a stick of dynamite and throwing it into a tanker full of gasoline. When the ‘herding’ into ETF’s begins to reverse, it will not be a slow and methodical process but rather a stampede with little regard to price, valuation or fundamental measures. Importantly, as prices decline it will trigger margin calls which will induce more indiscriminate selling. The forced redemption cycle will cause catastrophic spreads between the current bid and ask pricing for ETF’s.

As investors are forced to dump positions to meet margin calls, the lack of buyers will form a vacuum causing rapid price declines which leave investors helpless on the sidelines watching years of capital appreciation vanish in moments. Don’t believe me? It happened in 2008 as the ‘Lehman Moment’ left investors helpless watching the crash.” “Over a 3-week span, investors lost 29% of their capital and 44% over the entire 3-month period. This is what happens during a margin liquidation event. It is fast, furious and without remorse.” Make no mistake we are sitting on a “full tank of gas.”

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No! “The flaw allows trading firms with advanced algorithms to move the VIX up or down by simply posting quotes on S&P options..”

‘Whistleblower’ Alleges VIX Manipulation, Urges Regulatory Probe (R.)

A scheme to manipulate Wall Street’s fear gauge, VIX, poses risk to the entire equity market and costs investors hundreds of millions of dollars a month, a law firm on behalf of an “anonymous whistleblower” told U.S. financial regulators and urged them to investigate before additional losses are suffered. The Washington-based law firm which represents an anonymous person who claims to have held senior roles in the investment business, told the Securities and Exchange Commission and Commodity Futures Trading Commission on Monday that he discovered a market manipulation scheme that takes advantage of a widespread flaw in the Chicago Board Options Exchange (CBOE) Volatility Index (VIX).

The CBOE Volatility Index measures the cost of buying options and is the most widely followed barometer of expected near-term stock market volatility. “The flaw allows trading firms with advanced algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital,” it said in a letter. Those bets against volatility unraveled last week as the benchmark S&P 500 and the Dow Jones Industrial Average suffered their biggest respective percentage drops since August 2011. Investors using exchange-traded products linked to the VIX were pummeled and two banks, Credit Suisse and Nomura, said they would terminate two exchange traded notes that bet on low volatility in stock prices.

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Try 6%, 7%.

How A 5% Mortgage Rate Would Roil The US Housing Market (CNBC)

Mortgage rates are now at their highest level in four years and poised to move even higher. The timing couldn’t be worse, as the usually busy spring housing market kicked into gear early this year amid higher home prices and strong competition for a record low supply of homes for sale. Add it all up, and affordability is starting to hurt. The average rate on the popular 30-year fixed is now right around 4.50%, still low when looking historically, but buyers over the past six years have gotten more used to rates in the 3% range. Mortgage rates have not been at 5% since 2011. A 5% rate would cause more than a quarter of today’s homebuyers to slow their plans, according to a Redfin survey of 4,000 consumers at the end of last year. Just 6% said they would drop their plans to buy altogether.

About one-fifth of consumers said 5% rates would cause them to move with more urgency to purchase a home, fearing rates would rise even further. Another fifth said they would consider more affordable areas or just buy a smaller home. Despite rate concerns, the bigger issue for buyers is changes to tax laws that had lowered the cost of homeownership. Specifically, the deduction on property taxes is now limited to $10,000. While that does not affect homeowners in the majority of the country, it does hit those in high-cost states like New York, New Jersey and Illinois, and those in higher-priced housing markets like California. Some have claimed that higher rates and the new tax law will put downward pressure on home prices, alleviating some of the current sticker shock, but other factors are fighting that assertion.

“Tight credit, lack of inventory and high demand are the major factors that tell us there’s no housing bubble, despite rapid price increases,” said Redfin’s chief economist, Nela Richardson. “There are still many more buyers than the current housing supply can support, with no major relief in sight.”

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From Australia. Check interest-only where you live. Big Threat.

Interest-Only Loan Cash Flow Crunch Sparks Fears Of Fire Sales (AFR)

Interest-only property investors seeking to switch their loan to principal and interest may be forced to sell because of lenders’ tough new serviceability requirements. A typical borrower paying 4.5% on a $400,000 loan will have to prove to their lender they can meet repayments for a 7.25% loan, or an increase in annual repayments from $18,000 to more than $32,700. The higher serviceability rates have been introduced after many investors took out their loans and are forcing borrowers to try and sell their properties, despite markets beginning to soften. It’s worse for many self-managed super fund investors who bought investment properties and are boxed in from making bigger payments because of annual caps on the size of their contributions. Real estate agents are warning the cash flow crunch is causing mortgage stress to rapidly spread from one-time mining boom towns and the outer suburbs into prestigious inner suburbs.

“Clients are ringing to say they need to refinance and their next call is that they need to sell,” said Andrew Fawell, director of Beller Property Group. Mr Fawell, whose business covers inner Melbourne within 10 kilometres of the central business district, has been asked to value four potential mortgagee property sales in the past month after having none in the past two years. “Many investors who bought two or three apartments with, in many cases, only 10% deposit with cheap interest-only loans are beginning to feel the heat,” Mr Fawell said. “These numbers will get a lot worse as investors find it harder to service their debt.”

The potential problem arises for many three- to five-year fixed rate loans that have reached the end of their terms and the much stricter regime introduced by the Australian Prudential Regulation Authority. Many borrowers deposited only 10%. In recent years most major lenders have introduced a 7.25% “floor for serviceability” for investor and owner-occupier loans, which is the minimum rate at which the bank will assess a home loan. Serviceability is the lenders’ assessment of the borrowers’ capacity to afford the loan and takes into account possibly higher future interest rates. It is usually assessed by a review of income and fixed commitments over the life of the loan and potential rental income.

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The ECB supports those parties that don’t need it.

These Bonds Should Make ECB Hawks Apoplectic With Rage (BBG)

This is tapering? With the economic recovery well under way in Europe the European Central Bank has cut its government bond purchases by two-thirds. Fair enough. However, it is not reining in its involvement in company debt. The securities now comprise about 20% of monthly purchases, up from 7% at the start of the program in mid-2016. The total amount could top €200 billion ($244 billion) before quantitative easing ends. If it had any self-knowledge the ECB should be aware of the problems it’s creating. The fact that, by its purchases, it has soaked up all the liquidity in the secondary market and has had to turn to the primary market should be a warning sign. The central bank’s growing involvement in company borrowing should be causing ructions among the hawks on the Governing Council, who seem alive to the dangers of being late in withdrawing stimulus.

Yet their silence is deafening. Through QE the ECB has invested in over 230 individual companies, and with an average maturity of 5.6 years it’s impossible to see them as being exposed only in the short term. Performance has been decent – spreads have tightened on about three-quarters of its holdings. The odd misstep, such as having to liquidate Steinhoff or German fertilizer maker K+S bonds when they fell below investment grade, can be overlooked. The knock-on effect of such largess is that corporate bond spreads have had a seemingly unending streak of achieving record lows. Support for credit markets in times of strife is one thing. But driving outsized performance isn’t just storing up trouble for an individual company or investor for the future, it’s a reckless refusal to allow financial discipline to inform the decision making of actors in the financial system.

[..] The surge of demand for additional tier one bank capital is another particularly worrying phenomenon. Investors face a total loss if the issuing bank’s capital ratios fall below regulatory requirements. Raiffeisen Bank was able in January to issue an AT1 perpetual bond at 4.5%, having issued a similar 6.125% AT1 security in June. Though there was a one-notch credit-rating upgrade, that can hardly justify such an enormous improvement. And 4.5% can never be enough compensation for the risk of getting completely wiped out.

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Now Beijing wants to push rental housing. Easier to control?

China Real Estate Under Pressure (BBG)

While all eyes are on China’s stocks rout after the U.S. swoon, there’s a troubled sector that’s garnering fewer headlines but will have broader reverberations – real estate. Chinese property stocks slumped last week, dragged down not just by the global sell-off but by worries this may be the year when housing finally takes a hit. To date, Beijing’s crackdown on risk amid soaring household debt has had little effect on prices. December data showed values in small cities continued to rise, while they were mostly flat in top-tier conurbations like Guangzhou, Shenzhen and Beijing. There are several reasons, though, why the 13-year rally in house prices must end at some point. First, banks are making borrowing tough, not only raising costs for home loans but also restricting supply, especially in major centers such as Beijing and Shenzhen, under a semi-official mortgage quota.

Even last year’s stars, the second- and third-tier cities that led price gains, may fade as China curtails easy home loans that were intended to help soak up a glut of property. Downpayments there ranged between 20 and 30%, compared with 40 to 80% in top-tier locations, according to Credit Suisse. As the curbs bite, mortgage lending has started to decline. (The other plank of household debt, consumer lending, has been an even bigger problem, surging 180% last year, according to Credit Suisse.) Second, perhaps further down the line, a property tax is looming. Finance Minister Xiao Jie indicated this might happen as early as 2020. When President Xi Jinping exhorted people to remember that houses are for living, not speculation, real estate investors must have grown nervous; a tax will make them quake.

With few investment options available to individuals beyond the volatile stock market and wealth-management products (more and more of which are being banned), it’s no surprise that as much as 25% of the demand for real estate is speculative, according to Bloomberg Economics. Third, there’s the more immediate threat to real estate prices of a supply-side push by Beijing. The government is starting to shift from tamping down demand to promoting new housing. Among measures the government is promoting, according to BNP Paribas economist Chen Xingdong, is encouraging homes where the government and buyers share property rights, and even allowing state-owned firms to sell apartments to their employees. The government is also encouraging the growth of a rental market. While much of the current stock of rental housing is of poor quality, that’s likely to change.

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And only now does this reach European media. The upshot: Novartis pulled the same stunt in South Korea.

Greece Rocked By Claims Drug Giant Novartis Bribed Former Leaders (G.)

The Greek prime minister, Alexis Tsipras, has called for parliament to investigate whether two of his predecessors and eight former ministers accepted bribes from the Swiss drugmaker Novartis, after allegations of industrial-scale bribery involving senior politicians. The former PMs Antonis Samaras and Panagiotis Pikrammenos, the governor of the Bank of Greece and the EU’s migration commissioner were all identified as alleged beneficiaries of bribes in a report compiled by anti-corruption prosecutors with the help of US authorities. Novartis is alleged to have bribed politicians to approve overpriced contracts and to have made payments to thousands of doctors as part of concerted efforts to boost sales between 2006 to 2015.

The claims have rocked Greek society since coming to light last week. One serving government minister claimed the kickbacks surpassed €50m and resulted in costs of more than €4bn to the Greek public health system. The deputy justice minister, Dimitris Papangelopoulos, said it was “the biggest scandal since the establishment of the Greek state” almost 200 years ago. Widening the net on Monday, Tsipras said it was imperative there could be no cover-up. “We will make use of every power afforded by national and international law to recover the money stolen from the Greek people down to the last euro,” the leftist leader told MPs in his Syriza party. “We will do everything we can to reveal the truth.”

MPs will vote on establishing a committee of inquiry later this month. Only parliament has the power to investigate politicians for alleged infractions during their term in office. The allegations have been rebutted vehemently by the accused. The report’s reliance on three unnamed witnesses – who are currently under government protection – has been especially criticised, and legal experts contend that the claims would not stand up in court. The EU commissioner Dimitris Avramopoulos demanded that the identity of the witnesses be revealed and expressed his “disgust” at what he said were fabrications created by “sick minds”. He stands accused of purchasing 16m anti-flu vaccines from Novartis while health minister between 2006 and 2009. [..] Novartis has faced similar investigations in recent years. Last year South Korea fined the company $48m for offering kickbacks to doctors.

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Just as Greece starts selling bonds again, it faces increasing competition,

Greece Is a Turkey, and the Market’s Going to the Dogs (BBG)

Greece almost makes it look easy. It issued a new €3 billion ($3.7 billion) seven-year bond on Thursday, at a very healthy 3.5% yield, stepping into a briefly open window for raising money during the most torrid week for markets in years. The security is now trading very close to 4%. Ouch. The benefits of going ahead with the sale went to Greece rather than to investors. With a €6 billion order book there was no lack of demand – but there is buyer’s remorse now. It’s the first sovereign syndicated new issue to perform badly in Europe so far this year. This could make it troublesome for the region’s other governments to bring deals on top of an already-heavy regular auction schedule. Greece may just be one turkey, but investor demand is going to become a lot pickier.

And there’s plenty to choose from. Governments have been crowding out the syndicated new issue market even more this year, comprising 26.5% of deals versus an already-strong 23% at this stage in 2017. If supra-nationals and agencies are included then half of all new syndicated deals are from an official institution. It’s a curious result, given that the European new-issue market is supposed to be much more about companies. For example, the European Financial Stability Facility – created to fund Greece’s bailout – has already issued half of its €28 billion annual plan. The EFSF has come three times in 2018 with €13.5 billion in maturities ranging from 6 to 23 years. That is an almost indecent rush to complete its annual funding schedule as early as possible. It’s smart for the issuer – less so for the investor.

Borrowers can try to front-load sales in a low-rate environment, but with more central banks getting comfortable with tightening, investors are not going to play that game unless the yield is generous. It’s an increasing struggle, given that the German benchmark 10-year yield has risen sharply since the mid-December lows of 30 basis points. The yield famine is easing up.

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What a shame: too late!

An Englishman’s Home Is an Unreliable Pension Plan (BW)

“A man’s house is his castle,” Sir Edward Coke wrote back in the 17th century. These days, Britons are relying on their properties not just for refuge but also to fund their retirements. It’s a strategy that could backfire badly. Along with the rest of the world, the U.K. has an aging population: a growing number of retirees are being supported by a shrinking pool of workers. The U.K.’s dependency ratio – calculated by adding together the over 65s and under 15s, then dividing by the working-age population and multiplying by 100 – will rise to 60% by 2027. That’s up from 55% in 2017 and from 54% in 1997. As the pyramid grows more inverted, how does the top-heavy non-working cohort propose to finance a life of leisure and superannuation? By releasing the equity they expect to have accumulated in their homes once they’re ready to hit the golf course.

One in five Brits agreed with the statement “when I retire, I plan to sell my house, downsize and live off the profit,” according to a survey commissioned by pension consultants LCP from polling firm YouGov. That gamble seems unwise. In recent years home values, like global stock markets, only ever seemed to increase. But, again as with global stock markets, the notion of ever-rising prices has taken something of a beating recently. According to a report published on Monday, U.K. house prices posted their first annual decline in six years in January. Moreover, with wage growth in recent years failing to keep pace with either rising property prices or inflation, it’s become harder for those of working age to get on the housing ladder in the first place. And the percentage of under 34s who own their own homes has slumped in the past decade.

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This is so sick it makes one silent.

Charities Face Crackdown On ‘Horrific’ Culture Of Sexual Exploitation (Ind.)

British charities are facing a government crackdown to combat the “horrific” sexual exploitation exposed at Oxfam, amid concerns about a wider culture of abuse. All British charities working overseas have been ordered to provide “absolute assurances” that they are protecting vulnerable people and referring complaints to authorities. Oxfam’s deputy chief executive resigned during crisis talks with the Government, saying she took “full responsibility” for the alleged use of prostitutes by senior staff in Haiti. But aid workers told The Independent sexual misconduct against both locals and staff remains “widespread” in humanitarian agencies and called for wholesale reforms.

Penny Mordaunt, the International Development Secretary, has written a letter to all UK charities working overseas demanding “absolute assurance that the moral leadership, the systems, the culture and the transparency needed to fully protect vulnerable people are in place”. “It is not only Oxfam that must improve,” she said. “My absolute priority is to keep the world’s poorest and most vulnerable people safe from harm. In the 21st century, it is utterly despicable that sexual exploitation and abuse continues to exist in the aid sector.” The Department for International Development (Dfid) has created a new unit dedicated to reviewing safeguarding in the aid sector and stopping “criminal and predatory individuals” being employed by other charities.

[..] “Oxfam made a full and unqualified apology – to me, and to the people of Britain and Haiti – for the appalling behaviour of some of their staff in Haiti in 2011, and for the wider failings of their organisation’s response to it,” said Ms Mordaunt. “They spoke of the deep sense of disgrace and shame that they and their organisation feel about what has happened, and set out the actions they will now take to put things right and prevent such horrific abuses happening in future.“

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It’s not just Oxfam, it’s an industry-wide culture.

Unicef Admits Failings With Child Victims Of Sex Abuse By Peacekeepers (G.)

The UN’s children’s agency has admitted shortcomings in its humanitarian support to children who allege that they were raped and sexually abused by French peacekeepers in Central African Republic. A statement by Unicef Netherlands is the first public acknowledgement of the agency’s recent failure to provide support to some of the victims of alleged abuse by peacekeepers in the African nation. It comes as the aid sector and the UN face increasing scrutiny for their failings in managing internal sexual misconduct by their own staff. Unicef was given the task of overseeing the support for children who said they had been abused by peacekeepers.

But in March last year, an award-winning investigation by Swedish Television’s Uppdrag Granskning (Mission Investigate) revealed that some of the children supposedly in the UN’s care were homeless, out of school and forced to make a living on the streets, despite UN assurances that they would be protected. Unicef’s representative in CAR told the programme that the children were in the agency’s assistance programme for minors and were being supported. He said he was not aware that some were on the streets. But earlier this month – ahead of a Dutch screening of the programme – Unicef Netherlands admitted to the Dutch television programme Zembla that Unicef had failed in its duty to help some of the alleged victims. But it said that since the programme had first aired, it had taken steps to locate the children featured in the programme and provide them with support.

Marieke van Santen, of Zembla, said she found the Swedish film “astonishing” because the children who were interviewed were known to Unicef, yet they were not being cared for. Van Santen said: “It is quite shocking to realise that not only once but twice UN agencies have failed to help these victims.” The statement from Unicef Netherlands was welcomed by Karin Mattisson, a reporter for Mission Investigate. “I hope it makes a difference to the children and gives them strength. They have said they were failed,” said Mattisson.Several boys who testified to having been sexually assaulted by French soldiers were living rough, Mattisson found, while a girl, who became pregnant at the age of 14 by a Congolese peacekeeper and had later found out she was HIV-positive, was out of school looking after her baby. Another boy, aged eight, who was too traumatised to be interviewed, was in an orphanage. “I hope they live up to this statement,” she said. “When we investigated the UN and Unicef it was a long journey into their culture of silence.”

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