Jun 192024
 


Giuseppe Leone Ragusa Sicily 1953

 

The West Is Lighting the Fuse of War (Paul Craig Roberts)
Russian Ambassador To US Outlines ‘Thorny’ Path To Peace (RT)
Kiev Better Accept Russia’s Peace Proposal – Medvedev (TASS)
Hegemon Orders Europe: Bet On War And Steal Russia’s Money (Pepe Escobar)
Crossing Moscow’s Red Line ‘Permissible’ – Austria (RT)
West Won’t Host Next Ukraine ‘Peace Conference’ – Switzerland (RT)
Prisoners Drafted Into Ukrainian Military ‘Will Run Like Forrest Gump’ (RT)
Steve Bannon Predicts Left Will Sentence Trump To Multiple Years In Prison (MN)
Court Rejects Trump’s Gag Order Appeal (RT)
Confused Biden Clips Are ‘Deepfakes’ – White House (RT)
Mark Rutte: The Choice for NATO Secretary General? (Sp.)
The BRICS Weigh In On Palestine (Pepe Escobar)
US Cryptocurrency as an Offshore Banking Center (Michael Hudson)

 

 

 

 

Bannon June 17


https://twitter.com/i/status/1802823060564869567

 

 

Trump ad
https://twitter.com/i/status/1802824860328149122

 

 

Alex Tucker

 

 

Angels
https://twitter.com/i/status/1802749048639672441

 

 

Anti-corruption bill

 

 

 

 

 

 

“Putin has made one last effort to state conditions for ending the conflict.”

The West Is Lighting the Fuse of War (Paul Craig Roberts)

Putin’s intention after his deception by the West with the Minsk Agreement, was only to drive Ukrainian forces out of the Russian areas that have now been reincorporated into Russia. Apparently Putin did not realize the extent to which the West would involve itself and expand the war. Now that Putin faces an outbreak of a larger war, he clearly stated the conditions for ending the conflict. He said that Russian military action will cease when the remaining Ukrainian forces are withdrawn from the Russian populated areas that have been reunited with Russia and when Ukraine agrees that the country will not become a member of NATO or have foreign bases and missiles on its territory. These are reasonable and generous terms. If these terms are refused, Ukraine faces further conquest and harsher future conditions for ending the conflict.

When Ukraine was broken off from Russia following the collapse of the Soviet Union, the Russian provinces which Soviet leaders had attached to Ukraine should have been left in Russia. Whether or not this was a failure of foresight or malicious intent, it was a mistake that resulted in a conflict that has the potential of engulfing the world. The difference between the 20th century Cold War and the 21st century hot war is that in the Cold War era the US and Soviet leadership, understanding the fatal nature of nuclear weapons, were committed to reducing tensions and building trust, whereas in the 21st century only Russia has sought mutual understanding and mutual security. Washington has fomented conflict and raised an existential threat to Russia by expanding NATO to Russia’s borders and overthrowing governments of former Russian provinces. To avoid war Putin has accepted continuing provocations and insults.

But now faced with such reckless and irresponsible proposals as NATO troops in Ukraine and missiles hitting deep into Russia, Putin has made one last effort to state conditions for ending the conflict. The conditions are immensely better than the outbreak of conflict that would destroy Europe and the United States.The danger today is much worse than the Cuban Missile Crisis. In those days Washington recognized the danger. Today Washington does not. President John F. Kennedy realized that the US had provoked Soviet missiles in Cuba by placing US missiles in Turkey. Kennedy and Khrushchev made a mutual security agreement and both removed the missiles. Putin’s diplomatic effort during December 2021 and February 2022 for a mutual security agreement was cold-shouldered by Washington, NATO, and the EU. With the outbreak of major war looming,

Biden has still not met with Putin. Instead, Biden has provoked animosity by calling Putin the new Hitler. This is an unprecedented level or reckless irresponsibility.The question before us is: Will Putin continue to accept provocations in hope that a change in the Washington regime in the November election will permit the West to come to its senses, or is Serbian President Vucic correct that the train has left the station?As the Western world lacks a truthful media, the people might be indoctrinated with the “Russian threat.” Even if the people realize that the threat is Washington’s pressure on Russia, the people are impotent to affect government policy. Among the Western governments, public opinion is something to be manipulated, not something to which to listen. I believe the West has convinced Putin that the West intends war. Not even Putin has an endless amount of patience. Instead of recognizing the dangerous situation and sitting down with Putin to defuse the situation, the West is lighting the fuse.

Ursula
https://twitter.com/i/status/1802953077734940742

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“Putin’s clear and verifiable conditions stand in stark contrast to “idle talk and failed conferences” of the West, Antonov said.”

Russian Ambassador To US Outlines ‘Thorny’ Path To Peace (RT)

Moscow’s proposals for ending the Ukraine conflict are specific and realistic, unlike the “advertising campaign” coming from the West, Russian ambassador in Washington, Anatoly Antonov, has said. Newsweek published an interview with Antonov on Tuesday, in which the Russian envoy elaborated on President Vladimir Putin’s statements last week, outlining the conditions for starting peace talks with Kiev. “There is a path to peace, even if it is thorny,” Antonov said. It involves “withdrawal of the Ukrainian Armed Forces from four regions of Russia; confirmation of the status of Crimea, Sevastopol, [Donetsk People’s Republic], [Lugansk People’s Republic], Kherson and Zaporozhye regions as subjects of the Russian Federation; Kiev’s refusal to join NATO; Ukraine’s status as neutral, nonaligned and nuclear-free state; its demilitarization and denazification; lifting of Western sanctions; [and] ensuring the rights, freedoms and interests of Russian-speaking citizens of the republic,” the diplomat explained.

“Talks on the above-mentioned issues should be conducted without ‘imperial’ dictates and orders from the White House,” Antonov added. “It is high time the US recognized the futility of constant pursuit to enforce its will on all countries and realized that it will no longer be possible to deter the growing shift towards multipolarity.” Scary stories about Moscow plotting to attack NATO once Ukraine is defeated are simply “an embodiment of the US intentions to keep a tight rein on its satellites, primarily in Europe,” according to Antonov. “The aim is to finally turn the continent into the US ‘back yard’, which is not entitled to its own opinions nor its own history.” Such policies are actually undermining US leadership, though American policymakers “prefer not to notice” that, Antonov added.

The purpose of the peace conference in Switzerland this weekend was “purely opportunistic: to create an illusion of widespread support for the ‘peace formula’ in various capitals, but in reality, to hush up any doubts about the legitimacy of the Kiev regime, which has already been bankrupt for a long time, both politically and economically,” the ambassador said. Putin’s clear and verifiable conditions stand in stark contrast to “idle talk and failed conferences” of the West, Antonov said. The “advertising campaign” by the US and its allies intends not to stop, “but to prolong the bloody ‘project’ that the West has been implementing for more than 10 years,” since the 2014 coup in Kiev, he added.

Russia pursues dialogue and peace, and is “ready for a serious, thoughtful conversation” without any deadlines or rushed photo-ops, Antonov noted. What Moscow wants is “truly equal and indivisible security in Eurasia, based on mutual respect for one and all. ”In a new political architecture reflecting the transition to multipolarity, there would be “no place for aggressive political and economic dominance of individual nations,” or division into blocs, Antonov said. “If in response we continue to hear only Russophobic barking and calls to use more Western weapons and economic sanctions against us, global risks will only increase,” Antonov concluded. “I am sure this is not in the best interests of the citizens of the United States.”

Sachs
https://twitter.com/i/status/1802825807095853155

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“..all this will not work to the benefit of the current Ukrainian authorities. So they have to hurry while they still can..”

Kiev Better Accept Russia’s Peace Proposal – Medvedev (TASS)

Ukraine would be wise to accept Russian President Vladimir Putin’s peace proposal, otherwise Russian troops will press on and make life even more difficult for Kiev, Russian Security Council Deputy Chairman Dmitry Medvedev said. “Frankly speaking, I think that the president has said everything, I mean that the next peace proposal Russia makes will be worse for the Ukrainian authorities, no matter how we treat them. Now they have the opportunity to consider Vladimir Vladimirovich Putin’s peace proposal and at least try to make peace and end this part of the conflict,” he told reporters. Otherwise, according to Medvedev, the Russian offensive will continue. “And it will be difficult to say where the lines of the buffer zone that Russian President Vladimir Putin mentioned will be. It’s very likely that all this will not work to the benefit of the current Ukrainian authorities. So they have to hurry while they still can,” he added.

However, according to the official, Kiev has already responded with a refusal at the conference in Switzerland, “rejecting any proposals from the outset, taking the discussion back to the very beginning.” “In vain. So it will be worse from now on,” he concluded. On June 14, Russian President Vladimir Putin made new peace proposals for resolving the conflict in Ukraine at a meeting with Russian diplomats. These include the recognition of the status of Crimea, the Donetsk and Lugansk People’s Republics, and the Zaporozhye and Kherson Regions as part of Russia, the consolidation of Ukraine’s non-aligned and nuclear-free status, its demilitarization and denazification, and the lifting of anti-Russian sanctions. The Ukrainian side rejected the initiative. Ukrainian President Vladimir Zelensky called Moscow’s proposal an ultimatum, while his adviser Mikhail Podolyak said that the new Russian initiative allegedly does not contain a “real peace proposal.”

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“Russia’s real target is to create a whole new security system for the Eurasian space..”

Hegemon Orders Europe: Bet On War And Steal Russia’s Money (Pepe Escobar)

The Swiss “peace” kabuki came and went – and the winner was Vladimir Putin. He didn’t even have to show up. None of the Big Players did. Or in case they sent their emissaries, there was significant refusal to sign the vacuous final declaration – as in BRICS members Brazil, India, Saudi Arabia, UAE and South Africa. Without BRICS, there’s absolutely nothing the collective West – as in The Hegemon and assorted vassals – can do to alter the proxy war chessboard in Ukraine. In his carefully calibrated speech to diplomats and the leadership of Russia’s Ministry of Foreign Affairs, Putin delineated an incredibly restrained and strategic approach to solve the Ukraine problem. In the context of the Hegemon’s escalatory green light – actually in practice for several months now – for Kiev to attack deeper into the Russian Federation, Putin’s offer was extremely generous. That is a direct offer to the Hegemon and the collective West – as the sweaty T-shirt actor in Kiev, apart from illegitimate, is beyond irrelevant.

Predictably, NATO – via that epileptic slab of Norwegian wood – already proclaimed its refusal to negotiate, even as some relatively awake members of the Verkhovna Rada (Ukraine’s parliament) started discussing the offer, according to Duma Chairman Vyacheslav Volodin. Moscow sees the Verkhovna Rada as the only legitimate entity in Ukraine – and the only one with which would be possible to reach an agreement. Russian UN representative Vasily Nebenzya cut to the chase – diplomatically: if the generous proposal is refused, next time conditions for starting negotiations will be “different”. And “far more unfavorable”, according to Duma Defense Committee head Andrei Kartapolov. As Nebenzya stressed that in case of a refusal the collective West will bear full responsibility for further bloodshed, Kartapolov elaborated on the Big Picture: Russia’s real target is to create a whole new security system for the Eurasian space.

And that, of course, is anathema to the Hegemon’s elites. Putin’s security vision for Eurasia harks back to this legendary speech at the Munich Security Conference in 2007. Now, with the steady advance of an irreversible multi-nodal (italics mine) and multi-centric new system of international relations, the Kremlin is pressing for an urgent solution – considering the extremely dangerous escalation of these past few months. Putin once again had to remind the deaf, dumb and blind of the obvious: “Calls to inflict a strategic defeat on Russia, which has the largest arsenal of nuclear weapons, demonstrate the extreme adventurism of Western politicians. They either do not understand the scale of the threat they themselves create, or they are simply obsessed with the belief in their own immunity and their own exclusivity. Both can turn into a tragedy”. They remain deaf, dumb and blind.

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Austria is not in NATO.

Crossing Moscow’s Red Line ‘Permissible’ – Austria (RT)

Austrian Chancellor Karl Nehammer does not perceive the decision by NATO nations to allow Kiev to use their weapons against Russia outside of what they consider Ukrainian territory as a cause for concern. Speaking with the NZZ media group, Neuhammer said he disagreed with Defense Minister Klaudia Tanner, who said earlier this month that the US and its allies had crossed a “red line” by granting Ukraine such permission. The interview with Nehammer was published on Monday, after his liberal-conservative Austrian People’s Party (OVP) lost convincingly to the nationalist Freedom Party of Austria (FPO) in this month’s European Parliament election. The chancellor said the debate on use of Western arms had gone “in the wrong political direction” in a shameful way. His stance is that “under international law, such attacks on Russia are permissible.”

Moscow could withdraw troops and see Western military aid to Kiev “automatically reduced,” he said. The previous restriction on Ukraine’s use of US weapons was imposed by President Joe Biden to “prevent World War III.” According to the media, Washington relaxed it and allowed limited strikes on Russia’s Belgorod Region due to Russian advances in neighboring Kharkov Region. Multiple NATO nations have made similar policy changes regarding arms that they donate to Ukraine. The Austrian foreign minister said that while she perceived that as escalatory, “as a militarily neutral state, it is not our place to judge.” Tanner added that she was happy to hear assurances by NATO Secretary General Jens Stoltenberg that members of the US-led bloc will not be required to send troops to Ukraine.

Moscow has described the Ukraine conflict as part of a proxy war on Russia, in which Ukrainians serve as “cannon fodder.” Western nations are de facto participating parties due to the level of their involvement and the influence they have on Ukrainian actions, according to Russian officials. President Vladimir Putin has stated that Russia could send weapon systems similar to those provided to Ukraine to enemies of the US and its allies to be used against Western military assets. This path of escalation leads to an outcome that neither side will like, he warned. He accused his opponents of spreading “Russian narratives” about Ukraine and declared that unlike centrists, “radicals have no answers and are offering pseudo-solutions,” referring to populist forces surging across the EU.

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Saudi?

West Won’t Host Next Ukraine ‘Peace Conference’ – Switzerland (RT)

The next conference on the Ukraine conflict will not take place in the West, Swiss Ambassador Gabriel Luechinger has stated. The senior diplomat, who helped organize last weekend’s gathering at Switzerland’s Burgenstock Resort, indicated that discussions with potential hosts are already underway. In the run-up to the event, a number of nations declined to attend, with China announcing that it would not be sending representatives to Switzerland. Beijing argued that the absence of Russia at the conference would make any attempts at peace futile – an assertion echoed by several countries. Moscow stated in March that it would not attend even if invited, as it would likely be based on Vladimir Zelensky’s ‘peace formula’, which Russia considers to be unrealistic and an ultimatum.

In an interview with Swiss broadcaster SRF on Monday, Luechinger said: “What is clear is that the next peace summit will not be in Europe, and will not take place in the West.” The senior diplomat revealed that several nations had been approached at the conference regarding a potential role in organizing the next summit. “It is now up to them to decide,” he added. “In the next weeks, I think, things will start moving.” Asked whether Saudi Arabia could host a meeting, Luechinger hinted that it could be an option, without going into detail. He also stressed that “Russia should be integrated in the peace process in some way.” While Ukraine has touted the conference at the Burgenstock Resort as a success, around a dozen countries that took part in the talks did not sign the final communique, including India, Brazil, Saudi Arabia, South Africa, the UAE, Mexico, Thailand, Indonesia, Jordan, and Iraq.

The document did not include many of the key points of Kiev’s ‘peace formula’. It called for the Zaporozhye Nuclear Power Plant to be transferred under Ukrainian control, as well as unrestricted access to ports in the Black Sea and Sea of Azov, and the release of all prisoners of war. Kremlin spokesman Dmitry Peskov told reporters on Saturday that Moscow “wants to get together next time at a more substantive and promising event.” Last Friday, Russian President Vladimir Putin outlined the conditions for a ceasefire, which include the withdrawal of Ukrainian troops from all territories claimed by Moscow, as well as the renunciation of Kiev’s NATO aspirations. The Ukrainian government and its Western backers have dismissed the proposal, calling it an ultimatum.

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Run away.

Prisoners Drafted Into Ukrainian Military ‘Will Run Like Forrest Gump’ (RT)

More than 2,750 convicts have been released from prison to join the Ukrainian military and help ease manpower shortages, the Washington Post reported on Sunday. Some service members, however, have voiced concerns about the reliability of former inmates. Ukrainian leader Vladimir Zelensky last month approved a bill that allows certain categories of convicts to be paroled if they agree to enlist in the military and fight Russia. Former inmates will be assigned to special high-risk assault units, although anyone convicted of crimes such as murdering more than two people, rape, terrorism, corruption, or undermining Ukraine’s national security, is ineligible for the program. According to the Washington Post, many of the convicts joining the fight were “jailed for dealing drugs, stealing phones, and committing armed assaults and murders.”

Ukrainian Justice Minister Denis Malyuska insisted to the newspaper that “the motivation of our inmates is stronger than our ordinary soldiers,” arguing that they are enlisting not only to be released, but also because they “want to protect their country and they want to turn the page.” The minister also claimed there is “competition between military commanders” to recruit from prisons as they want to address manpower shortages. Some disagree, however, and one unnamed official expressed concern about possible desertion by former inmates. “They’re all going to run like Forrest Gump,” he stated, adding that despite these misgivings, the measure is still necessary. The official noted that he would prefer to see Ukraine lower the draft age to 18, which he said would allow Kiev to fill the ranks with young and fit soldiers, rather than convicts. He admitted, however, that this measure is unlikely anytime soon.

Malyuska said he expects at least 4,000 men to join the military in the first stage of recruitment. In May, he estimated the total number of convicts ready to enlist at between 10,000 to 20,000. However, the Strana.ua outlet cast doubt on those figures, pointing out that there are a total of 28,000 inmates in Ukraine, including women and those unfit for service. The outlet also claimed, citing its own poll, that very few are actually willing to volunteer. Kiev has tried to address acute manpower shortages by passing two bills this spring, one of which lowered the draft age from 27 to 25, while the other significantly tightened mobilization rules. Earlier this month, Russian President Vladimir Putin estimated Ukraine’s monthly combat losses at 50,000 soldiers.

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“They don’t care about this election, they don’t care how many votes we get. They’re gonna fight us every step of the way..”

Steve Bannon Predicts Left Will Sentence Trump To Multiple Years In Prison (MN)

Former Trump advisor Steve Bannon has warned that the left will stop at nothing to prevent Trump from regaining the White House and that they plan to sentence him to “multiple years in prison” next month. Speaking at Turning Point Action’s “The People’s Convention” in Detroit, Bannon warned “You know on the 11th of July, they’re gonna sentence him for multiple years in prison. You understand that, right?” “They don’t care about this election, they don’t care how many votes we get. They’re gonna fight us every step of the way,” Bannon further proclaimed. He added, “Winning in November is just the first step. From November fifth to the sixth, Jamie Raskin is going to try to steal the election on January 6th. They’re already talking about it right now.” “They’re already going to say, ‘President Trump’s an insurrectionist and we will never certify an election of an insurrectionist,” Bannon further predicted.

Elsewhere during the speech, Bannon stated that Trump’s inner circle is planning to go after those who are currently weaponising the justice system against him. “We’re going to get every single receipt. And to the fullest extension of the law, you’re going to be investigated, prosecuted, and incarcerated,” Bannon vowed, adding “This has nothing to do with retribution. It has nothing to do with revenge… this has to do with justice.” Bannon’s comments come in the wake of a Rasmussen poll last week that found a whopping two-thirds of Americans believe the outcome of the 2024 US presidential election will be affected by cheating. The survey found that of those two thirds, 40 percent are ‘very concerned,’ and only thirty-one percent aren’t concerned, including just 14 percent who said they are ‘not at all concerned’ about cheating in the election.

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“..The appeals court has ruled that “no substantial constitutional question is directly involved..”

“.. Joe Biden is making Trump’s conviction a centerpiece of his 2024 campaign and will most likely bring it up at the first presidential debate, scheduled for later this month – while his Republican rival won’t be able to respond.”

Court Rejects Trump’s Gag Order Appeal (RT)

Former US President Donald Trump remains banned from speaking about his criminal case in Manhattan, even after the jury’s verdict, the New York Court of Appeals said on Tuesday. Judge Juan Merchan imposed the gag order on Trump during his trial on 34 counts of “falsifying business records,” which District Attorney Alvin Bragg alleged had somehow violated campaign finance laws and improperly influenced the 2016 election. The jury found the former president guilty on all counts at the end of May. Trump’s lawyers have protested the gag order from the start, pointing out that it directly impacts his 2024 presidential campaign. The appeals court has ruled that “no substantial constitutional question is directly involved,” so the order can stay in place.

“The Gag Order wrongfully silences the leading candidate for President of the United States, President Trump, at the height of his campaign,” Trump campaign spokesman Steven Cheung said on Tuesday, adding that the president’s attorneys will “continue to fight” against the “unconstitutional” measure. According to the campaign, the gag order “violates the First Amendment rights of President Trump and all American voters, who have a fundamental right to hear his message.” The First Amendment of the US Constitution prohibits the government from censoring speech and the press. Trump has called his prosecution politically motivated and a “witch hunt” by Biden and his administration.

The former president’s lawyers have pointed out that President Joe Biden is making Trump’s conviction a centerpiece of his 2024 campaign and will most likely bring it up at the first presidential debate, scheduled for later this month – while his Republican rival won’t be able to respond. Trump is the presumptive Republican nominee for the 2024 presidential ticket, which will be formally announced at the national convention in Milwaukee, Wisconsin next month. However, Merchan has scheduled the sentencing hearing for July 11, just days before the convention is scheduled to start.

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Anything we don’t like is now deepfake.

Confused Biden Clips Are ‘Deepfakes’ – White House (RT)

White House Press Secretary Karine Jean-Pierre has claimed that recent videos showing US President Joe Biden looking confused at public events have been manipulated, describing them as “cheap fakes.” Jean-Pierre’s comments come after several videos of Biden have gone viral on social media in recent weeks. In one clip, the president could be seen having trouble sitting down during a D-Day memorial event in France. A number of commenters suggested that the US leader was “completely lost” or having “some kind of episode.” Another video showed Biden standing together with G7 leaders in Italy watching a skydiving demonstration. At one point, the US president turned away and wandered off from the group, before Italian Prime Minister Giorgia Meloni took him by the hand to guide him back to the other members.

In another clip from an LA fundraising event with former President Barack Obama and late-night host Jimmy Kimmel, Biden appeared to freeze up as he was waving goodbye to the crowd. Obama could then be seen taking Biden by the hand and patting him on the back while leading him off stage. A clip from a White House Juneteenth concert also appeared to show the 81-year-old president awkwardly frozen as everyone around him danced to the music.
Speaking to reporters during a White House Press event on Monday, Jean-Pierre stated that “we are seeing these deepfakes, these manipulated videos, and it is again, done in bad faith.” The press secretary claimed that reports on these incidents are “attacks” on Biden that demonstrate the “desperation” of Republicans who refuse to acknowledge the president’s achievements.

Asked to comment specifically on the incidents with Meloni and Obama, who appeared to give Biden “stage directions,” Jean-Pierre insisted that these were “cheap fakes” and that “this did not happen, in the sense of what people were saying they were seeing or what was being falsely reported.” She also dismissed claims that Biden had frozen during the Juneteenth concert, suggesting the president simply didn’t want to dance. “Excuse me, I did not know that not dancing was a mental health issue. That is a weird thing to flag,” Jean-Pierre said. According to multiple recent polls, Biden’s mental health has been a longstanding concern among American voters, many of whom believe he is mentally and physically unfit for office. A recent Wall Street Journal report also claimed that aside from his frequent public mental gaffes, Biden has shown “signs of slipping” in closed-door meetings with US lawmakers.

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Only good NATO boss is someone who doesn’t want the job.

Mark Rutte: The Choice for NATO Secretary General? (Sp.)

As NATO stands on the brink of appointing a new Secretary General, the spotlight falls on Dutch PM Mark Rutte. Recent developments suggest that Rutte, who has served as the Netherlands’ PM since 2010, is now the frontrunner to succeed Jens Stoltenberg, following the removal of Hungary’s veto and the anticipated withdrawal of Romania’s opposition. NATO Secretary General Jens Stoltenberg, speaking at a joint press conference with U.S. Secretary of State Antony Blinken, praised Rutte as a “strong candidate” and hinted at an imminent decision on his successor. Hungarian Prime Minister Viktor Orban’s endorsement, conditioned on Rutte’s commitment to Hungary’s non-involvement in NATO operations in Ukraine, has been pivotal in removing the last significant obstacle to his appointment.

Rutte’s potential ascension to NATO’s top post has elicited varied reactions, with some expressing cautious optimism while others remain deeply skeptical. Mikael Valtersson, a former officer of Swedish Armed Forces/Air Defence, former defence politician and chief of staff with Sweden Democrats, provides a perspective on Rutte’s suitability for the role. Valtersson argues that Rutte’s tenure as Prime Minister has been marked by a rigid stance on military support to Ukraine, trait that does not bode well for a role that requires diplomatic finesse and a balanced approach to global security challenges. Rutte’s critics contend that his leadership could exacerbate existing tensions rather than foster dialogue and de-escalation. Rutte’s track record reflects a staunchly pro-Ukrainian and anti-Russian stance. Under his leadership, the Netherlands has committed substantial financial aid to Ukraine, including €3 billion annually for 2024 and 2025. The Netherlands has also been at the forefront of supplying Ukraine with military hardware, notably the F-16 fighter jets, reinforcing Rutte’s hawkish posture.

In March 2024, Rutte signed a significant security treaty with Ukraine, a move that underscores his commitment to Ukraine’s defense but also raises questions about the appropriateness of such actions by a caretaker government. This treaty, signed despite the electoral victory of right-wing Geert Wilders in the Netherlands, highlights Rutte’s prioritization of support for Ukraine over the potential policy shifts anticipated from the new government. Critics argue that Rutte’s actions indicate a preference for military solutions over diplomatic engagement. His strong backing for Ukraine and consistent alignment with NATO’s hardline stance against Russia suggest that his leadership would likely continue Stoltenberg’s pro-Ukraine policies without exploring avenues for peace or compromise.

Valtersson and other critics suggest that Rutte’s appointment represents a missed opportunity for NATO to choose a leader who could steer the alliance towards a more nuanced and peaceful approach to the Ukraine conflict and broader global tensions. “All this shows that Mark Rutte will not be someone who will try to de-escalate the conflict in Ukraine… It’s a pity that NATO didn’t take the opportunity to choose a more peaceful new General secretary,” stated Valtersson. The concern is that Rutte’s leadership will perpetuate a cycle of military escalation rather than fostering diplomatic resolutions. As NATO prepares to finalize its decision, it must take into consideration, that, while Rutte’s candidacy has garnered support from key NATO members, his track record and recent commitments raise legitimate concerns about his capacity to lead the alliance towards a more balanced and peaceful global strategy.

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“..never underestimate the power of a genocide committed in broad daylight, on video..”

The BRICS Weigh In On Palestine (Pepe Escobar)

Something of extraordinary magnitude happened in Moscow on 23 May. Bahrain’s King Hamad bin Isa Al Khalifa personally asked Russian President Vladimir Putin to help organize a peace conference on Palestine, at which Russia would be the first non-Arab nation invited. Al-Khalifa and Putin had two rounds of discussions – one of them closed – during which the main focus was always Palestine. The Bahraini monarch noted that in a rare show of unity, the Arab world had finally come together in agreement to end the war in Gaza. It was implied that Russia was subsequently chosen as the most reliable mediator to end the brutal conflict. Bahrain – and the Arab League – recognize that the Russian position centers around what Putin had previously defined as the “UN formula”: an independent Palestinian state with its capital in East Jerusalem. That happens to be the position of the BRICS-10 nations and virtually the whole Global Majority.

Crucially, it is also the common position of China and the Arab world, reaffirmed in Beijing only one week after the Russia-Bahrain meeting. The problem is how to implement the “formula” when the US hegemon, Israel’s unconditional ally, has a virtual stranglehold on the United Nations. By 2020, as Tel Aviv was openly announcing the inevitable annexation of the West Bank, the Abraham Accords were smashing a major Arab taboo on openly supporting Israel, via the normalization agreements signed in Washington DC by Bahrain, the UAE, Morocco, and Sudan. Nine months ago, Palestine was virtually isolated, and destined to extinction via quiet Israeli policies to incrementally force expulsion. But never underestimate the power of a genocide committed in broad daylight, on video. Today, the Russia-China strategic partnership, BRICS, and the Global Majority have been mobilized to enshrine Palestine as a sovereign state – faithful to the recent super-majority UN General Assembly vote to accept Palestine as a UN member.

It will be a long, winding, and thorny road that has the potential to split the world in two. The St. Petersburg forum last week offered three crucial messages to the Global Majority, focused around BRICS. The crux of the sessions may have been geoeconomics, but a now-unavoidable message of support to Palestine crept into the sidelines. After a panel ostensibly debating the supply and demand of oil and gas, and which touched upon the principled role of Yemen in the Red Sea directed against the Gaza genocide, support for Palestine, amidst friendly smiles (but off the record), was emphatic from everyone – from OPEC secretary-general Haitham al-Ghais to the UAE’s Minister of Energy Suhail Mohamed al-Mazrouei. Same on a Russia-Oman panel, coming from Minister of Commerce Qais bin Mohammed bin Moosa al-Yousef.

Earlier this week, the Palestine tragedy was addressed in detail – on points 34 and 35 – in the joint statement of the BRICS 10 Ministers of Foreign Affairs, who sat at the same table for the first time in Nizhny Novgorod, preparing for the extremely important annual BRICS summit next October in Kazan, under the Russian presidency. Three very important points were made there: First, the Ministers “reaffirmed their rejection of any attempt aiming at forcefully displacing, expelling or transferring the Palestinian people from their land.” Second, they collectively “expressed serious concern at Israel’s continued blatant disregard of international law, the UN Charter, UN resolutions and Court orders.” And third, the ten foreign ministers:

“Reaffirmed their support for Palestine’s full membership in the United Nations and reiterated their unwavering commitment to the vision of the two-state solution based on international law including relevant UNSC and UNGA resolutions and the Arab Peace Initiative that includes the establishment of a sovereign, independent and viable State of Palestine in line with internationally recognized borders of June 1967 with East Jerusalem as its capital living side by side in peace and security with Israel.” This is BRICS speaking with one voice – including, crucially, representatives of major Muslim-majority states: Iran, Saudi Arabia, the UAE. and Egypt.

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“If the stablecoin fund was a country, it would be in “the top ten of countries holding Treasuries..”

US Cryptocurrency as an Offshore Banking Center (Michael Hudson)

The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.” Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S. public debt and a way to keep up with China.” He reports that “According to the Treasury Department and DeFi Llama, a cryptocurrency analytics site, dollar-based stablecoins are becoming an important net purchaser of U.S. government debt.” If the stablecoin fund was a country, it would be in “the top ten of countries holding Treasuries – smaller than Hong Kong but larger than Saudi Arabia.” So the result of officially promoting them “would be an immediate, durable increase in demand for U.S. debt.”Ryan says that “bipartisan support in Congress … would help dramatically expand the use of digital dollars at a given critical time.”

Here’s the real logic. I’ve written before about how c. 1966 or ’67, I was Chase Manhattan’s balance-of-payments economist, and a bank officer, apparently having joined from the State Dept., asked me to review a memo proposing to make the United States “the new Switzerland,” that is, a haven for the world’s drug money and other criminal money laundering, for kleptocrats and tax evaders in order to help stem the U.S. balance-of-payments deficit that resulted entirely from foreign military spending in Southeast Asia and elsewhere around the world. Today, as foreign countries de-dollarize their trade – for instance, when Russia and China trade for oil and industrial products in each others’ currencies – U.S. financial strategists worry about what this will mean for the dollar’s exchange rate. Actually, transacting such foreign trade in non-dollar currencies has no effect on the U.S. balance of payments. It does not appear in the trade balance or even in foreign investment, although de-dollarization may deprive U.S. banks of currency-trading commissions to handle such transactions

What does affect the demand for dollars is conversion of assets denominated in foreign currency into the dollar. This king of confidential banking is what pressed up the Swiss franc so much in the 1970s and ‘80s that it priced Swiss manufactures out of foreign markets. Companies like Ciba-Geigy had to move their production across the border to Germany to prevent the rising franc’s valuation from making them uncompetitive. (When that company brought me over in 1976, I found that the price of a coke was over $10, and a regular meal cost $100.) The U.S. is seeking to protect the dollar’s high value, not lower it, so it sees acting as the destination for world’s tax avoiders, criminals and others as a positive national strategy. (“Kleptocracy is us.”) The plan is not to condemn tax crime and more violent criminal activities, but seeking to profit for being the banker for these functions. The logic is, “As the world’s leading free-market democracy, we’re providing a secure for the world’s capital, however it may be ‘earned’ or otherwise obtained.”

I should have added the real kicker. Stablecoins don’t pay interest. So buyers will get the equivalent of a US Treasury security — but NOT the interest (now in the high 4% range). The Stablecoin company will get that. This is a HUGE bonanza for them — and a correspondingly huge foregone income by Stablecoin holders. Why don’t they simply buy US Treasury bills, notes or bonds themselves? The answer must be ideology (imagining Stablecoins to be anti-government when the money is lent to governments), ignorance, and SECRECY. They pay a huge opportunity cost for hiding their identity and the source of their money.

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Reflex

 

 

Panda
https://twitter.com/i/status/1803038703184728401

 

 

Dachs
https://twitter.com/i/status/1803224285646835847

 

 

 

 

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