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Debt Rattle January 22 2024

Jan 222024
 
 January 22, 2024  Posted by at 9:34 am Finance Tagged with: , , , , , , , , , ,  31 Responses »


Leonardo da Vinci Salvator Mundi 1513

 

• Supreme Court Action Alters Course of Jan. 6 Defendant Sentencings (ET)
• Russia Must Give Up Its Nuclear Weapons – Ukrainian Officials (RT)
• Frontline Situation ‘Dramatic’ For Ukraine – German Reporter (RT)
• EU Mulls $21 Billion Military Aid to Ukraine Bypassing Hungary’s Veto (Sp.)
• Scale of NATO Drills Marks Return to Cold War-Era Patterns (Sp.)
• NATO Drills Raise Risks of Inadvertent Escalation – Moscow (Sp.)
• US Preparing For ‘Sustained’ Yemen Bombing Campaign – WaPo (RT)
• Mexico And Chile Call On ICC To Investigate Crimes In Gaza (Singh)
• Iran and US Use Saudi Arabia to Swap Messages and Cool Gaza Tensions (MEE)
• American Democracy ‘In Danger’ – Trump (RT)
• RFK Seeks Path to Victory by Forcing House to Elect President (ET)
• WSJ Editor-in-Chief Admits To Davos Elites ‘We No Longer Own The News’ (ZH)
• John Kerry Wants To Remove 1.6 Trillion Tons Of CO2 From The Atmosphere (X)

 

 

 

 

Paxton

 

 

 

 

Arabella
https://twitter.com/i/status/1748916334178558434

 

 

Tucker Dore

 

 

But she’s white! Next thing you tell me she’s straight too!

 

 

Optics

 

 

 

 

SCOTUS is late.

• Supreme Court Action Alters Course of Jan. 6 Defendant Sentencings (ET)

A recent Supreme Court decision to review a case called Fischer v. United States, which experts say could weaken prosecutors’ hand in hundreds of Jan. 6 cases, including former President Donald Trump’s, is already upending some defendant cases and sentencing proceedings. In December, the Supreme Court decided it would take up the appeal by Jan. 6 defendant Joseph W. Fisher of the Biden administration’s novel use of an Enron-era evidence-tampering law to prosecute hundreds of defendants for obstruction of Congress during the Jan. 6, 2021, Capitol breach. The obstruction of Congress charge—which carries a sentence of up to 20 years in prison—is the most widely charged felony in Jan. 6 cases, including against President Trump.

Mr. Fischer was indicted for various alleged offenses for his role in the Jan. 6 incident, including obstruction of law enforcement during a civil disorder, violent entry, and disorderly conduct on Capitol grounds—and obstruction of Congress based on 18 U.S. Code Section 1512(c)(2), or “Tampering with a witness, victim, or an informant.” That’s an evidence-tampering provision that’s part of the Sarbanes–Oxley Act, which experts say was conceived largely to curb wrongdoing on Wall Street—but is now used by the Justice Department (DOJ) to prosecute Jan. 6 cases. Mr. Fischer challenged the obstruction charge, claiming that 1512(c)(2) doesn’t prohibit his alleged conduct on Jan. 6. A district court agreed but the U.S. Court of Appeals for the D.C. Circuit reversed that decision, siding with a broader reading of the provision, namely that it applies other forms of obstructive conduct, not just ones related to investigations and evidence.

While it’s unclear when the Supreme Court will hold the first hearings in Mr. Fischer’s appeal, several legal experts told The Epoch Times in earlier interviews that the high court is likely to find that 1512(c)(2) is being improperly used against Jan. 6 defendants. If the challenge proves successful, the Supreme Court’s decision could have far-reaching consequences, potentially erasing some charges against President Trump and overturning felony convictions for numerous Jan. 6 defendants. The implications extend beyond individual cases to the core strategy employed by the DOJ in securing convictions. Meanwhile, the fact that the Supreme Court has agreed to hear Mr. Fischer’s challenge to the provision is already having an effect on some Jan. 6 cases.

Since the Supreme Court agreed in mid-December to take up the Fischer appeal, a number of Jan. 6 defendants have asked judges to pause their trials and sentencing proceedings pending the outcome of the case. One of these is John Strand, a former underwear model convicted of obstructing Congress on the basis of 1512(c)(2), who describes himself as a “political prisoner.” He was sentenced to 32 months in prison. On Jan. 19, Mr. Strand’s attorneys filed a motion for release pending the Fischer appeal and a motion for reduction of sentence based on the zero-point offender guideline, which gives defendants with no criminal history an extra two points off their sentencing calculations, court filings show. The DOJ has taken the position that Jan. 6 defendants are ineligible for sentence reduction on the basis of the zero-point offender guideline, which has some exceptions, including for violent crimes.

Noteworthy in Mr. Strand’s filing is the singling out of the obstruction charge, which in his case is the only felony he’s been found guilty of. “In particular, a substantial question exists as to whether the statute underlying Strand’s sole felony conviction, 18 U.S.C. § 1512(c)(2), applies to his conduct on January 6, 2021, in light of the Supreme Court’s recent decision to grant certiorari in United States v. Fischer,” it reads. While it’s too early to know whether the judge in Mr. Strand’s case will side with his request to reduce his sentence, several other Jan. 6 defendants have won early release based on the Supreme Court’s decision to review the Fischer case.

Read more …

How Ukraine prolongs the war:
– Bombing civilians (Donetsk most recently)
– Grossly exaggerate number of Russian victims.
– Make preposterous demands (re: Zelensky “peace plan”, this zinger.)

• Russia Must Give Up Its Nuclear Weapons – Ukrainian Officials (RT)

As President Vladimir Zelensky pushes forward with his so-called “peace formula,” which was already dismissed by the Kremlin as “absurd,” Ukrainian officials continue to come up with additional terms and conditions. The conflict in Ukraine can only end with a “complete liberation” and “restoration of its 1991 borders,” Kiev’s deputy defense minister Ivan Gavrilyuk told the newspaper Der Tagesspiegel last week. Only then Moscow and the pro-Kiev “coalition” will be able to sign a document to “create preventive mechanisms so that Russia will never think about another war against Ukraine or any country in the future.” “This document must include Russia’s renunciation of nuclear weapons, because it poses a threat to the world,” Gavrilyuk claimed. A senior adviser to Ukrainian President Vladimir Zelensky, Mikhail Podoliak, voiced a similar idea, claiming that the negotiation should take place only when Moscow “suffers a global defeat,” or at the very least a series of “tactical defeats,” and “internal riots” that would threaten political stability in Russia and force it to “voluntarily give up nuclear weapons.”

“What is a global defeat? The Russian Federation will no longer be able to dominate… will not be able to use its veto right in the UN Security Council,” Podoliak explained. “Then conditions are possible for nuclear weapons, and for the number of carriers of nuclear weapons, including missiles of a certain range, and for cross-border buffer zones, etc.” During the World Economic Forum in Davos, Zelensky once again attempted to promote his so-called ‘peace formula’, which among other things proposes that Russia pay reparations, surrender its officials to face war crimes tribunals, and restore Ukraine’s 1991 borders. It has previously been rejected by the Kremlin as “absurd,” with Russian Foreign Minister Sergey Lavrov referring to it as a publicity stunt and “a figment of a sick imagination.”

Moscow insists it never closed the door to talks but Kiev itself did, and now bears full responsibility for the situation in which it finds itself, Russian President Vladimir Putin said last week. Putin noted that the head of Ukraine’s negotiation team had recently admitted that Kiev was at one point ready to reach an agreement with Moscow – before then-British prime minister Boris Johnson convinced them to continue fighting. “Are they not idiots?” Putin asked, adding that if Ukraine had simply ignored Johnson, then the violence could be long over by now. “This just proves yet again that they are not independent people.” Even Ukraine’s former top spin doctor, Aleksey Arestovich, recently admitted that Kiev’ had the chance to make peace at the 2022 Istanbul talks but “something” changed Zelensky’s mind, and Moscow is unlikely to offer Kiev such favorable conditions ever again.

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“..mobilization isn’t working.”

• Frontline Situation ‘Dramatic’ For Ukraine – German Reporter (RT)

The situation on the front lines is becoming increasingly disadvantageous for Ukraine, a Kiev-based correspondent with German daily Die Welt reported this week. Ukrainian troops severely lack ammunition and personnel to fend off Russian attacks, according to Paul Ronzheimer, citing “generals and soldiers” whom he has “constantly been in contact with.” Kiev’s troops have largely gone on the defensive following the failure of their much-hyped summer counteroffensive. The operation, which began in early June 2023, failed to gain much ground or bring about significant changes to the front lines, despite heavy personnel and equipment losses. Russia’s Defense Ministry has previously estimated Ukraine’s losses during the failed counteroffensive at 160,000.

Moscow also described Kiev’s total losses throughout the conflict as catastrophic, estimating that nearly 400,000 soldiers have been killed or wounded since February 2022. Late last year, Kiev intensified its mobilization efforts in a bid to replenish the troop pool. President Vladimir Zelensky stated earlier that the military wanted up to 500,000 new recruits. According to Ronzheimer, “mobilization isn’t working.” Ukraine has also been flooded with reports about difficult situations at the front lines, the reporter said, without mentioning any particular news pieces. Kiev’s forces were also about to run out of ammunition for its Western-made air defense systems, such as America’s Patriot, he noted, characterizing the situation as a “major concern” for the local population.

Ukrainian “generals and …soldiers” also told the correspondent that the frontline situation “is extremely tense,” particularly near the Donbass city of Avdeevka, a strategic location north of Donetsk that’s seen heavy fighting over the past months. The Ukrainian generals want “more mobilization” efforts, Ronzheimer wrote, adding that they want to “send more soldiers” into the fray. In another report earlier this week, the correspondent noted that Ukrainian troops had taken to the defensive along the entire front line in the East and the South, and were still struggling to hold ground. Moscow’s troops launched “massive attacks” in 80 areas “along several hundred kilometers of the front,” he added.

“We keep hearing the messages from the soldiers, which become more dramatic,” Ronzheimer reported, adding that Kiev’s troops had warned they would hardly be able to defend their current positions with whatever they had in stock as of that moment. It will be “very difficult” for Ukrainian troops to hold Avdeevka in the long term, since Moscow’s forces were making steady progress in that area, Ronzheimer said. “The Russians are on the offensive there and are making progress meter by meter,” he added, while noting that such advances are still quite costly for Moscow.

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“..the assets of the extra-budgetary European Peace Facility ..”

• EU Mulls $21 Billion Military Aid to Ukraine Bypassing Hungary’s Veto (Sp.)

Hungarian Prime Minister Viktor Orban announced last month that Budapest had vetoed 50 billion euros in the EU macro-financial aid for Ukraine. The European External Action Service (EEAS) is developing a new plan to provide military assistance to Ukraine that will allow EU members to override Hungary’s veto of the bloc’s aid to Kiev, according to The Wall Street Journal. Under the plan, a draft of which was seen by the newspaper, EU members will provide Ukraine with more than 20 billion euros ($21.8 billion) in military aid over the next four years. The EEAS, for its part, is proposing the creation of a special military fund for Ukraine, which would include some 6.5 billion euros ($7 billion) from the assets of the extra-budgetary European Peace Facility (EPF) and provide up to 5 billion euros ($5.4 billion) per year from 2024 to 2027.

The purpose of the project is to reimburse several member states for the joint purchase of military equipment, including ammunition and air defense missiles, to be transferred to Ukraine. The remaining funds will be used to cover the costs of the EU military training program for Ukrainian soldiers. In 2024, the project will offer EU countries around 7.5 billion euros ($8.1 billion) in compensation for military aid. The structure of the new fund will reportedly make it possible to avoid ditches, which are regularly blocked by Hungary or used by Budapest as “leverage” to demand something in return. The proposal will reportedly be discussed by EU leaders at their summit scheduled for February 1, with a final decision likely to take weeks. Brussels has not yet commented on the WSJ report.

In mid-December, Hungarian Prime Minister Viktor Orban announced that his country had vetoed an expansion of the EU’s 2024-2027 budget to include 50 billion euros ($54.5 billion) in macro-financial assistance to Ukraine. “Summary of the nightshift: veto for the extra money to Ukraine, veto for the MFF [Multiannual Financial Framework] review. We will come back to the issue next year in the #EUCO [European Council] after proper preparation,” Orban wrote at the time on X, formerly known as Twitter. Last month, when asked whether Budapest would support a 50 billion euro financing plan for Kiev ahead of the forthcoming summit, Orban told reporters that Budapest supports the provision of more funds to Ukraine by the EU “outside” the bloc’s budget.

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“..90,000 servicepeople with the participation of 31 countries..”

• Scale of NATO Drills Marks Return to Cold War-Era Patterns (Sp.)

The scale of NATO exercises Steadfast Defender-2024 marks the final and irrevocable return of the alliance to the Cold War schemes to oppose Russia, Russian Deputy Foreign Minister Alexander Grushko told Sputnik. On Thursday, NATO’s Supreme Allied Commander in Europe Gen. Christopher Cavoli said that the alliance would begin Steadfast Defender-2024, “the largest NATO exercise in decades,” next week. About 90,000 servicepeople will be involved in the drills, he added. “These exercises are another element of the hybrid war unleashed by the West against Russia. The exercises of such scale – 90,000 servicepeople with the participation of 31 countries – mark the final and irrevocable return of NATO to the Cold War support schemes, when the military planning process, resources and infrastructure are being prepared for confrontation with Russia,” Grushko said.

He also noted that the preparation for the exercises “takes place in an artificially heated atmosphere of military psychosis.” “Irresponsible statements about a possible war with Russia, for which European citizens ‘should prepare,’ were made by the German defense minister, the Swedish commander-in-chief and the chairman of the NATO Military Committee. The goal is clear: by demonizing Russia, intimidating the average person, to justify the unbridled increase in military spending and the completely failed policy of supporting the Kiev regime with the aim of inflicting a strategic defeat on Russia. And at the same time, force the Europeans to join the arms race even more energetically, to the delight of the American military-industrial complex,” Grushko said.

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“..European security is of little concern to the top NATO command, which is too busy trying to keep this tool of US influence relevant in the already lost war for the West’s global dominance..”

• NATO Drills Raise Risks of Inadvertent Escalation – Moscow (Sp.)

NATO’s upcoming military exercise, Steadfast Defender 2024, raises the risk of unintended military confrontation and undermines security in Europe, Russian Deputy Foreign Minister Alexander Grushko told Sputnik on Sunday. NATO announced Thursday that it would kick off exercise Steadfast Defender 2024 next week. The US-led alliance bills it as the largest NATO exercise in decades, with participation from some 90,000 troops from 31 allies and Sweden. “Any event of this scale significantly increases the risk of military incidents and further destabilizes security. But European security is of little concern to the top NATO command, which is too busy trying to keep this tool of US influence relevant in the already lost war for the West’s global dominance,” Grushko said.

The senior diplomat added that Russia would not be intimidated by what he described as a provocative show of force. He said his country had everything it needed to ensure its security and defense capabilities. The NATO exercise will run through May. NATO’s Supreme Allied Commander in Europe, Gen. Christopher Cavoli, told reporters on Thursday that the allies planned to test out a conflict scenario against a “near-peer adversary.”

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“..Washington is “not trying to defeat the Houthis. There’s no appetite for invading Yemen..”

• US Preparing For ‘Sustained’ Yemen Bombing Campaign – WaPo (RT)

The US is preparing for a “sustained” bombing campaign in Yemen after ten days of airstrikes failed to undermine the ability of Houthi fighters to target ships in the Red Sea, the Washington Post has reported, citing unnamed officials. The administration of President Joe Biden does not expect a protracted operation such as the US campaigns in Iraq or Afghanistan, but at the same time it cannot provide a timeframe for when Houthi military capabilities will be adequately diminished, the newspaper reported on Saturday. Washington’s strategy is to curb the ability of the Shiite militant group to target ships off the coast of Yemen, or at least create safe conditions for shipping companies to resume sending vessels through the Red Sea and Gulf of Aden, sources added.

The Houthis have launched dozens of drone and missile attacks on commercial ships in the area in recent months, declaring support for Gaza amid Israel’s military operation in the Palestinian enclave. The militants have also vowed revenge against the US and the UK, who have been carrying out strikes on Houthi targets in Yemen for more than a week. “We are clear-eyed about who the Houthis are, and their worldview. So we’re not sure that they’re going to stop immediately, but we are certainly trying to degrade and destroy their capabilities,” one US official told the Post. Washington is “not trying to defeat the Houthis. There’s no appetite for invading Yemen,” a diplomat familiar with the situation explained.

Instead, the US wants “to degrade their ability to launch these kind of attacks going forward, and that involves hitting the infrastructure that enables these kind of attacks, and targeting their higher-level capabilities,” he added. President Biden ordered the strikes on Yemen for ideological reasons, rather than economic, as the US seeks to maintain its status as the world’s “indispensable nation,” officials claimed. The Washington Post expressed concern that the bombing campaign against the Houthis would become a “setback” for Biden’s goal of preventing the spread of the Israel-Hamas conflict to other parts of the Middle East. It could also end up “undermining his attempt to refocus US foreign policy on Russia and China,” the newspaper argued.

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“..believed to be responsible for perpetrating, ordering, planning, and instigating international crimes, including genocide, committed over the past 100 days as well as since 13 June, 2014.”

• Mexico And Chile Call On ICC To Investigate Crimes In Gaza (Singh)

Chile and Mexico have called upon the International Criminal Court (ICC) to investigate the crimes being committed amid Israel’s ongoing war on Gaza. In the past 105 days, Israel has killed over 24,600 Palestinians in Gaza, with more than 7,000 people missing and presumed dead under the rubble. In a statement released on January 18, Mexico and Chile stated that their referral to the ICC was “due to growing concern about the latest escalation of violence, particularly against civilian targets, and the alleged continued commission of crimes under the jurisdiction of the Court, specifically since the attack on October 7, 2023, carried out by Hamas militants and the subsequent hostilities in Gaza.” The ICC is based at The Hague alongside the International Court of Justice (ICJ), which is the chief judicial organ of the United Nations that adjudicates disputes between states.

Meanwhile, the ICC is a separate legal entity that has been established under the Rome Statute, and is authorized to prosecute individuals. It has jurisdiction over crimes against humanity, war crimes, genocide, and crimes of aggression. The referral filed on Thursday follows after Bolivia, South Africa, Djibouti, and the Comoros approached the court in November, calling on chief prosecutor Karim Khan to investigate the commission of war crimes, crimes against humanity, and genocide in Palestine. While Israel is not a State Party to the Rome Statute and does not recognize the jurisdiction of the ICC, Palestine was accepted as a member state of the ICC in 2015. In February 2021, a pre-trial chamber of the court ruled that it had jurisdiction over the “territories occupied by Israel since 1967, namely Gaza and the West Bank, including East Jerusalem”.

The following month, the ICC, under former chief prosecutor Fatou Bensouda, opened an investigation into the “situation in Palestine” covering the period starting from June 13, 2014. This was after Bensouda concluded that there was a “reasonable basis to believe that war crimes “have been or are being committed” in the occupied Palestinian territories. In November, Bensouda’s successor, Karim Khan had stated that the investigation would cover “the escalation of hostilities and violence” since October 7. However, Palestinian human rights organizations and legal representatives of victims have denounced delays and double standards in the investigation under Khan. In early December, Khan visited Israel, however he did not go to the Gaza strip despite the fact that Israel had already killed over 15,000 people by that time. Even prior to the ongoing attacks on Gaza which began on October 7, Palestinian human rights organizations had repeatedly called on Khan to issue preventive statements “to deter the commission of more crimes” by the Occupation. These calls, along with calls to expedite the investigation, were ignored.

These organizations have since urged the Court to issue arrest warrants for Israeli political, security and military officials “believed to be responsible for perpetrating, ordering, planning, and instigating international crimes, including genocide, committed over the past 100 days as well as since 13 June, 2014.” In its statement on Thursday, the Mexican foreign ministry emphasized “the importance of guaranteeing the independence of the ICC prosecutor to investigate crimes committed in the context of the conflict in Gaza.” The submission to the ICC was welcomed by the Palestinian foreign ministry, stating that the move “confirmed the urgent need for the Court to fulfill its mandate, to deter, investigate, and prosecute the most serious crimes of concern for the international community.” “Israeli officials are not deterred as they continue their genocidal war.”

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Saudis sitting on the fence.

• Iran and US Use Saudi Arabia to Swap Messages and Cool Gaza Tensions (MEE)

Nine months since Riyadh and Tehran restored ties after years of animosity, Saudi Arabia has assumed a new role as an intermediary between Iran and the United States, three sources in Iran told Middle East Eye. High-ranking officials in Riyadh have been instrumental in relaying messages between the countries and reducing tensions over Israel’s war on Gaza. The process began in November, when Iranian Foreign Minister Hossein Amirabdollahian attended an emergency summit in Riyadh on the Gaza war attended by leaders from the Organisation of Islamic Cooperation and Arab League countries. An Iranian insider familiar with the matter told MEE that Amirabdollahian carried with him a message for the US to give to Saudi officials. It was a response to one recently received from Washington.

The Saudis then conveyed this message to senior officials in Washington, the source said. Another source in Iran’s foreign ministry told MEE that Saudi Arabia has been used as a conduit between the two sides alongside Oman, Qatar and Switzerland, which occasionally represents the US diplomatically in Tehran. The four countries have had to work as go-betweens repeatedly since the 7 October Hamas-led attack on Israel and the war on Gaza. Iran is the Palestinian group’s strongest backer, and other Iranian-associated groups such as Hezbollah in Lebanon and the Houthi movement in Yemen have attacked Israel and Israeli- and US-linked targets as Israel’s assault on Gaza has escalated. According to the foreign ministry source, the communications passed between Iran and the US have primarily focused on curbing tensions and avoiding greater escalation in the region.

The source said Tehran had warned the US about the potential consequences if Israel’s war on Gaza, which has already killed 24,000 people, brings regional tensions to an uncontrollable level. These included Israel being defeated in a broader regional war and increased security pressure on the US military. The first source said Saudi Arabia has been used as a conduit when tensions have ramped up following Israel’s assassination of senior commanders from the “Axis of Resistance”, the Iran-backed group of countries and armed groups in the region. After Israel killed Razi Mousavi, a general in Iran’s Islamic Revolutionary Guard Corp’s elite Quds force, on 25 December, a Saudi delegation visited Tehran with a message from Washington that said the US wanted to contain the conflict in Gaza.

According to the first source, the US suggested potential concessions from Israel. One was that the US would not give backing or support to hard-right Israeli officials, which dominate Israeli Prime Minister Benjamin Netanyahu’s government. This, the source said, would be contingent on Iran not trying to derail efforts to establish full ties between Israel and Saudi Arabia, a process that was interrupted by the outbreak of the Gaza war. On 8 January, Hossein Akbari, the Iranian ambassador to Syria, said that Iran had received a message from “one of the Persian Gulf countries”. According to Akbari, this country sent a delegation to Iran with a message from the Americans, offering a plan to resolve conflicts for the entire region, rather than solely addressing the Gaza war. MEE understands this Gulf country was Saudi Arabia.

Another Iranian insider told MEE that Washington used Saudi channels to inform Tehran that it was about to strike Yemen’s Houthis, who have been staging attacks on commercial ships in the Red Sea to disrupt Israeli supplies and commerce. The message urged Iran to restrain its allied groups during the US strike. It also indicated that the strikes on the Houthis would not initially be too strong, but if Tehran reacted forcefully then a fierce US response would follow.

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“..a “deadly combination” of Biden’s “incompetence, radicalism, and weakness.”

• American Democracy ‘In Danger’ – Trump (RT)

Republican presidential frontrunner Donald Trump has countered claims that his possible reelection to the White House poses an existential risk to the American way of life, telling supporters in the US state of New Hampshire on Saturday that it is Joe Biden’s ‘incompetence’ that represents the real threat to democracy. Trump was speaking in Manchester ahead of primary elections beginning on Tuesday that could further cement his status as the likely GOP candidate to challenge presumptive Democratic nominee Biden in November. But after being accused earlier this month by Biden of being “willing to sacrifice democracy,” the former US president turned the tables on his political rival, saying that Biden’s incapacity for the job is a clear and present danger to the United States. “He is a threat to democracy,” Trump said, his comments delivered under a giant sign reading: ‘Biden attacks democracy.’

He added: “We have to get him out. You know why he is a threat to democracy? A couple of reasons, but you know the first reason? He’s grossly incompetent.” It is an accusation that Trump has repeated on several occasions throughout his bid to return to the White House. In October, he blamed the Hamas attack on Israel on a “deadly combination” of Biden’s “incompetence, radicalism, and weakness.” Trump, who faces 91 charges in a range of criminal cases as he campaigns for the nation’s highest office, also accused Biden’s administration of “weaponizing” the justice system against him. He added that Biden’s efforts to do so are being enabled by his “protectors” in the “fake news” media. The comments appeared to be a reference to claims made by Biden in Pennsylvania earlier this month in which he said that Trump intends to uproot democracy to ensure he wins the election.

“Whether democracy is still America’s sacred cause is what the 2024 election is all about,” Biden said on January 5. “Donald Trump’s campaign is all about him, not America, not you. Donald Trump’s campaign is obsessed with the past, not the future. He’s willing to sacrifice our democracy to put himself in power.” Meanwhile, GOP-nomination candidate Nikki Haley, whom polling suggests trails Trump by around ten percentage points in New Hampshire, openly questioned her Republican opponent’s mental fitness, following comments in recent days in which Trump appeared to mistake her for former House Speaker Nancy Pelosi. “When you’re dealing with the pressures of a presidency, we can’t have someone else that we question whether they’re mentally fit to do it,” Haley said on Saturday.

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“..contingent election..” We touched on this before.

• RFK Seeks Path to Victory by Forcing House to Elect President (ET)

To win the 2024 election as an independent, Robert F. Kennedy Jr. is firstly hoping for an outright win, but the second path to victory is to make sure no other candidate wins 270 electoral votes. If no candidate reaches 270 electoral votes in a presidential election, the winner is decided in a contingent election by the House of Representatives, where each state votes as a bloc. The House has picked the president twice in American history. In 1800, Aaron Burr and Thomas Jefferson were deadlocked after the electoral votes were counted. The House cast their ballots to elect President Jefferson, who received 61 percent of the popular vote. When none of the four presidential candidates received an electoral vote majority in 1824, the House elected John Quincy Adams on Feb. 9 the following year.

“People are starting to realize that Bobby can win, with where he is in the polls,” Amaryllis Fox Kennedy, the campaign manager of Mr. Kennedy, told The Epoch Times. “They are starting to see that, for the first time in their lifetime, the two-party system can be broken and they can vote for somebody who excites them rather than having to vote for the lesser of two evils,” she said. Ms. Kennedy is also the candidate’s daughter-in-law. Ms. Kennedy said Mr. Kennedy could be considered a preferred candidate over former President Donald Trump and President Joe Biden, the likely Republican and Democrat nominees.

The prospect of Mr. Kennedy winning as a compromise candidate is relatively slim because a contingent United States election is decided by state delegations. Republicans currently hold a four-vote delegation lead, according to a tally maintained by ProPublica. The next House of Representatives, composed of lawmakers elected in 2024, would vote in a contingent election. A consensus forecast by 270toWin based on an aggregate of forecasts by five major analytics firms sees Republicans keeping their delegation majority in the House in 2024.

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“..We were the gatekeepers, and we very much owned the facts as well.”

• WSJ Editor-in-Chief Admits To Davos Elites ‘We No Longer Own The News’ (ZH)

Thanks to the internet and (shrinking) press freedoms, legacy media outlets no longer have a monopoly on information and narratives. Case in point, during a WEF discussion at Davos entitled “Defending Truth,” Wall St. Journal EIC Emma Tucker lamented this loss of control over ‘the facts,’ as Modernity.news reports. “I think there’s a very specific challenge for the legacy brands, like the New York Times and like the Wall Street Journal,” Tucker said, adding “If you go back really not that long ago, as I say, we owned the news. We were the gatekeepers, and we very much owned the facts as well.” “If it said it in the Wall Street Journal, the New York Times, then that was a fact,” she continued, adding “Nowadays, people can go to all sorts of different sources for the news and they’re much more questioning about what we’re saying. “Russia, Russia, Russia!

European Commission VP Vera Jourova also piped up during the same discussion, calling the rise of “disinformation” a “security threat,” and suggesting that “It was part of the Russian military doctrine that they will start information war, and we are in it now.” Like when the Hillary Clinton campaign used a former (?) British spook’s Russian source to fabricate a hoax against Donald Trump, which was peddled through the Wall Street Journal and every single other legacy media outlet? That kind of information war? Or when 51 former US intelligence officials used disinformation to influence the 2020 election, suggesting the NY Post’s Hunter Biden laptop bombshell was Russian meddling? “Disinformation is a very powerful tool,” Jourová continued, adding that “In the EU we are focusing on improving of the system where the people will get the facts right. We don’t speak about opinions. We are not correcting anyone’s opinions or language. This is about the facts.” Bitch please.

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X thread from Wall Street Apes.

“Estimated Cost For Tax Payers: $1.6 Quadrillion Dollars..”

• John Kerry Wants To Remove 1.6 Trillion Tons Of CO2 From The Atmosphere (X)

John Kerry Told The Washington Post He Wants To Remove 1.6 Trillion Tons Of Carbon Dioxide From The Atmosphere Via Direct Air Capture. Estimated Cost For Tax Payers: $1.6 Quadrillion Dollars That’s $1,600,000,000,000,000 (This isn’t a joke, he’s serious). “The lowest periods of carbon in the atmosphere and not only recorded history, in the history of life existing on the planet. In December of 2022, you told the Washington Post we need to remove 1,600,000,000,000 tons of carbon dioxide from the atmosphere via direct air capture. The cost for that is about $1,000 per ton or 1.6 quadrillion dollars. Now I said you said you didn’t know, But since 2015, since the last El Nino, about 500,000,000,000 tons have been have been emitted into the atmosphere. During that same period of time, 2015, if you look at the temperature graph, this is from NOAA.

The temperature has gone down. Show the next slide. This is from NASA satellite data. Temperature has gone down. You wanna have the Have the American taxpayers, my constituents that are having a hard time afford their groceries, pay for a car, buy a new home, Spend 1.6 quadrillion dollars to fix a problem that, a, doesn’t exist. And as a matter of fact, You might be exacerbating because it’s unknown. It is unknown at this time the low level that of carbon dioxide in the atmosphere that might actually destroy life, because plant life all depends. As you know, secretary, Plant life all depends on CO2. And when we kill it, then we’re done too. I yield the ballots.”

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Eagle

 

 

Python

 

 

Lions

 

 

 

 

Peacock
https://twitter.com/i/status/1749016505549758854

 

 

Murmuration
https://twitter.com/i/status/1749313443151376779

 

 

Bears

 

 

 

 

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Debt Rattle January 23 2023

Jan 232023
 
 January 23, 2023  Posted by at 9:45 am Finance Tagged with: , , , , , , , , , ,  61 Responses »


Edward Hopper Folly Beach, Charleston, South Carolina 1929

 

• Zelenskyy: 50 Tanks Will Not Solve Problem (Az.)
• US Lawmaker Proposes ‘Just One’ Abrams Tank For Ukraine (RT)
• Macron Comments On Heavy Tanks For Ukraine (RT)
• Medvedev Predicts New Anti-US Military Alliance (RT)
• AOC Heckled Over Ukraine Weapons (RT)
• Moldova Fails To Remain Neutral In Global Proxy War – Ex-Leader (RT)
• The Nord Stream Pipeline Could Be Repaired Within A Year (OP)
• Immaculate Possession: Biden Defense is Fast Becoming Unsustainable (Turley)
• Biden Family: The Delaware Sopranos (Newt Gingrich)
• House Members To Press Secret Service About Biden’s Classified Records (JTN)
• Biden Admin Finally Admits Mistake in Canceling Keystone XL Pipeline (RCE)
• ‘Succession’ Has Nothing On Davos: Elite Conclave Mulls Next Leader (Pol.eu)
• Al Gore Amassed a $330 Million Climate Fortune by Terrifying Everyone (RedS)
• Trump and DeSantis Both Leading Biden In Hypothetical 2024 Matchup (JTN)
• WSJ Shreds Vaccine Makers, Biden Admin Over “Deceptive” Booster Campaign (ZH)

 

 

 

 

McCullough

 

 

 

 

Safety signal

 

 

 

 

 

 

Jourova

 

 

 

 

Why get them then?

“..they motivate our fighters to fight for their values. Because they see that the whole world is on your side..”

• Zelenskyy: 50 Tanks Will Not Solve Problem (Az.)

Western tanks will not be able to solve the issue of Russian aggression completely, but will give additional motivation to the Ukrainian defenders, Ukrainian President Volodymyr Zelenskyy said, Report informs. “When the Russian army with a thousand tanks is against us, 10, 20, or 50 tanks provided by the countries will not solve the problem. They do a very important job – they motivate our fighters to fight for their values. Because they see that the whole world is on your side,” Zelenskyy said.

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“..Even saying we’re gonna put Abrams tanks in, I think, would be enough for Germany to unleash [its Leopard tanks]”

• US Lawmaker Proposes ‘Just One’ Abrams Tank For Ukraine (RT)

US Representative Michael McCaul has argued that announcing plans to provide America’s vaunted M1 Abrams tanks to Ukraine – even if only one of the behemoths is actually shipped out – would leave Germany with no excuses to further delay sending its Leopard tanks to Kiev. “If we announced we were going to give Abrams tanks, just one… what I hear is that Germany is waiting for us to take the lead,” McCaul said on Sunday in an ABC News interview. “Then they would put Leopard tanks in.” The Texas Republican, who chairs the House Foreign Affairs Committee, added that such a tactic also would prompt Berlin to give its permission for other European countries that use the Leopard to give some of their tanks to Ukraine.

McCaul has been among the most hawkish Republicans in the House, vowing to continue providing weaponry for Ukraine to fight Russian forces, regardless of growing public opposition to the aid. He claimed that Kiev must be provided tanks and longer-range artillery urgently, to help repel an alleged imminent offensive by the Russians. Asked by ABC anchor Martha Raddatz whether just one Abrams tank would be sufficient to trigger Germany to provide more advanced weaponry to Ukraine, McCaul hinted that Washington could trick its ally.” Even saying we’re gonna put Abrams tanks in, I think, would be enough for Germany to unleash [its Leopard tanks]” McCaul also said Kiev needs longer-range artillery to strike targets in Crimea, dismissing the risks of enabling attacks on the peninsula, which Moscow considers to be sovereign Russian territory. Asked how Russian President Vladimir Putin might react, McCaul pointed to how Washington apparently got away with past escalations in aid, such as giving Ukraine HIMARS rocket launchers.

Senator Chris Coons, a Delaware Democrat, also called for sending battle tanks to Ukraine. “If it requires our sending some Abrams tanks in order to unlock getting the Leopard tanks from Germany, from Poland, from other allies, I would support that,” he told Raddatz. Media reports suggested that Berlin was unwilling to send its tanks unless the US made a similar commitment. Washington has so far refused to provide its Abrams tanks, arguing that they are very complex to operate and require extensive training. Key NATO nations failed to reach an agreement about sending the German-made battle tanks to Ukraine during a Friday meeting of Western military donors at the US Ramstein air base. However, on Sunday, Germany’s foreign minister Annalena Baerbock hinted that Berlin “would not stand in the way” if Poland decides to sends its own Leopards to Ukraine.

Gonzalo 2023.01.22 The Endgame—or Escalation?—of The War

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“..only “real and effective support” in the form of weaponry that Ukrainian forces can actually use on the battlefield without months or years of training..”

• Macron Comments On Heavy Tanks For Ukraine (RT)

French President Emmanuel Macron and German Chancellor Olaf Scholz reaffirmed their continued “unwavering support” for Ukraine for “as long as it takes” in a joint press conference on Sunday, but both said that any decision on supplying heavier arms must be reached jointly by all “friends” of Kiev. Macron said that “nothing is excluded” when asked about the possibility of sending Leclerc main battle tanks to Kiev, and confirmed he had “asked the Defense Ministry to work on it.” However, any final decision would have to be a “collective” call based on several considerations, he noted, according to AFP. France does not want the move to “weaken our own defense capabilities,” and at the same time is cautious of “escalating” the conflict.

Another concern is to provide only “real and effective support” in the form of weaponry that Ukrainian forces can actually use on the battlefield without months or years of training. Scholz dodged a similar question about Leopards, saying vaguely that Germany “will continue to act according to the concrete situation” and in close coordination with “important friends and allies.” “Germany is doing a lot, too… We have constantly expanded our deliveries with very effective weapons that are already available today,” the chancellor said. Last week, Politico reported that Paris was considering deliveries of Leclerc tanks in an effort to provide a joint framework to overcome Germany’s reluctance. Amid reports that Berlin was unwilling to send its tanks unless the US made a similar move, a US lawmaker proposed giving Ukraine a single Abrams tank to leave Berlin with no excuses for further delays.

Calls for Germany to supply Kiev with Leopards grew louder after the UK confirmed earlier this month that it would send 14 Challenger 2 main battle tanks to Ukraine. Poland also announced that it would transfer a company of Leopard 2 tanks to Ukraine, but the re-export of these tanks must be greenlit by Germany. On Sunday, German Foreign Minister Annalena Baerbock hinted that Berlin “would not stand in the way” if Poland makes the move. Baerbock noted that Warsaw has not yet reached out to Berlin on the matter. Kremlin spokesperson Dmitry Peskov said on Friday that the “importance of such supplies in terms of their ability to change something” on the battlefield should not be exaggerated.

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BRICS+.

• Medvedev Predicts New Anti-US Military Alliance (RT)

The continuous flow of military aid to Kiev clearly shows that the collective West is seeking to “wear out or, preferably, destroy” Russia, the country’s former president, Dmitry Medvedev, remarked on Sunday. The effort, however, may ultimately backfire for the US and its allies, he believes. Medvedev, who currently serves as deputy chair of the Russian Security Council, made the comments in a social media post, days after a meeting at the US Ramstein air base in Germany at which Western powers pledged to continue supporting Kiev. “The meeting at Ramstein and the allocation of heavy weaponry to Kiev leave no doubt that our enemies will be trying to wear us out for an indefinite period of time, or, preferably, to destroy us,” the ex-president wrote.


However, the prolongation of the hostilities in Ukraine may ultimately lead to the emergence of a new military bloc that brings together nations “fed up with the Americans,” Medvedev suggested. “This has always happened in the history of mankind during long wars. And the US then will finally abandon old Europe and what remains of the unfortunate Ukrainians, and the world will return to an equilibrium once again,” the former leader said, warning, however, that it might be “too late” before this happens. Moscow has repeatedly urged the collective West to stop “pumping” Ukraine with weapons, maintaining that it would only prolong the hostilities rather than change the ultimate outcome. Top Russian officials have repeatedly characterized what is happening as a proxy war between Russia and the US-led NATO alliance rather than merely a conflict with Ukraine.

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Warmonger.

• AOC Heckled Over Ukraine Weapons (RT)

US Rep. Alexandria Ocasio-Cortez (D-NY) had an event in New York on Saturday disrupted by a group of demonstrators who rose to their feet and began singing a Latin hymn for peace. The protestors were voicing their objection to the self-professed progressive’s vote to send billions of dollars worth of weapons to Ukraine. Holding signs reading “negotiation not annihilation” and “stop sending weapons to Ukraine,” the group sang ‘Dona Nobis Pacem’, a Latin hymn used in the Catholic mass that translates as ‘Give Us Peace’. “We always support everyone’s First Amendment rights here and everyone has the complete right to political expression,” Ocasio-Cortez responded, but only after the protesters had been removed from the premises by security.


A member of the Congressional Progressive Caucus, Ocasio-Cortez has voted against sending military aid to Saudi Arabia and abstained from voting on funding Israel’s Iron Dome missile defense system. However, she voted in May to provide Ukraine with $40 billion in military and economic aid, a decision that led a left-wing activist to accuse her of “voting to start a nuclear war” during a similar town hall in October. Despite giving a green light to such a massive arms fund, Ocasio-Cortez added her name to a letter by Congressional Progressive Caucus chair Pramila Jayapal in October urging President Joe Biden to “seriously explore all possible avenues, including direct engagement with Russia, to reduce harm and support Ukraine in achieving a peaceful settlement.” The letter, which was signed by 30 House Democrats, was retracted a day later and the pro-peace progressives stated that they backed Biden’s policy of indefinite military aid to Kiev.

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“Dodon said Sandu made her statement after meeting in Davos with Alexander Soros, son of Hungarian-born billionaire George Soros, “who brought her to power.”

• Moldova Fails To Remain Neutral In Global Proxy War – Ex-Leader (RT)

Moldovan President Maia Sandu has put the former Soviet republic at risk of turning into “cannon fodder” in NATO’s proxy war with Russia by failing to remain neutral over the conflict in neighboring Ukraine, her predecessor said on Saturday. “Maia Sandu continues to draw Moldova into NATO – contrary to the neutrality prescribed in the Constitution and the will of the Moldovan people, who are categorically against joining this military structure,” ex-President Igor Dodon claimed in a Telegram post. He made his comments in response to Sandu’s statement on Friday that her government was seriously considering joining a “larger alliance” amid Russia’s military operation in Ukraine. Abandoning military neutrality would be “dangerous” for Moldova, said Dodon, who served as president from 2016 until Sandu defeated him in the country’s 2020 election.

The nation of just 2.6 million people consistently ranks among the poorest countries in Europe and has maintained a delicate peace with its breakaway Transnistria region since agreeing to a 1992 ceasefire, brokered by Moscow. Dodon said Sandu made her statement after meeting in Davos with Alexander Soros, son of Hungarian-born billionaire George Soros, “who brought her to power.” He added, “Obviously, Sandu is implementing his scenario in Moldova, and joining NATO is one of his points.” Although Moldova isn’t yet a member of NATO, it has cooperated with the Western military bloc, such as when it sent peacekeeping troops to Kosovo. Moldovan Foreign Minister Nicu Popescu attended a NATO summit in Bucharest last November, marking the first time that Chisinau sent a representative to a meeting of the bloc.

At the time, Popescu reportedly said that joining NATO was out of the question because of the neutrality provision in Moldova’s Constitution. By apparently changing that stance, Sandu is “acting on the orders of overseas masters, against the interests of the country and the people, against the sovereignty, territorial integrity of Moldova,” Dodon said. “Our citizens want to maintain neutrality and peace, as evidenced by the results of numerous public opinion polls, and they will never agree to become cannon fodder for NATO in the fight against Russia.” Moscow has blamed NATO’s eastward expansion – contrary to promises made after the Cold War ended in 1991 – for undermining Russia’s security interests, helping to trigger the current conflict.

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Will it be?

• The Nord Stream Pipeline Could Be Repaired Within A Year (OP)

The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s top gas customer before Moscow cut off supply via Nord Stream. “The first question that needs answering: what’s the political will on a European level and in Berlin to bring Russian gas to Germany?” Maubach said at the annual Handelsblatt Energy summit on Tuesday, as carried by Reuters. Last summer, the German government bailed out Uniper as losses at the German company continued to mount after Russia slashed gas deliveries via Nord Stream in June, before cutting off supply in early September.

At the end of December, it was Uniper, the operator of the Wilhelmshaven import terminal, that welcomed the first tanker carrying liquefied natural gas (LNG) at the newly opened LNG terminal, with the cargo arriving from the Calcasieu Pass export facility in the United States. Meanwhile, the investigation into the Nord Stream explosions at the end of September continues amid accusations from Russia that some Western intelligence services are “hiding something.” Sweden’s refusal to share information about the sabotage of the Nord Stream pipelines is “puzzling,” and withholding the results of the investigation means that “Swedish authorities are hiding something,” Russia’s Foreign Ministry spokeswoman Maria Zakharova said last week.

Traces of explosives were found near the sites of the explosions at the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea, Sweden said in November, noting that the incident is “gross sabotage.” Nord Stream 2 was never put into operation after Germany axed the certification process following the Russian invasion of Ukraine. Russia, for its part, shut down Nord Stream 1 indefinitely in early September, claiming an inability to repair gas turbines because of the Western sanctions.

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“..if any witness or forensic evidence shows that Biden came into contact with any of these documents over the last 10 years, this dubious defense will take on a far more sinister appearance..”

• Immaculate Possession: Biden Defense is Fast Becoming Unsustainable (Turley)

In 1977, as senator from Delaware, Biden torpedoed President Jimmy Carter’s nominee for CIA director over his alleged mishandling of classified documents. As with the current scandal, Ted Sorensen was accused of having the documents for work on a book. The motive did not matter. Sen. Biden expressed his signature revulsion at the very thought of the possession. There was no evidence of ill intent, but Biden insisted that was not the issue. Biden argued that Sorensen could still be prosecuted under the Espionage Act and insisted the “real issue” during Sorensen’s confirmation hearing was “whether Mr. Sorensen intentionally took advantage of ambiguities in the law, or carelessly ignored the law.” After all, Biden continued, “If he did so, can he now bring the activities of the intelligence community within the strict limits of the law? We will expect that in the future of intelligence agencies. If that is to be the case, then we must hold the director – DCI – accountable as well.”

Notably, some of the recently discovered classified documents may have been from Biden’s time as a senator — over ten years ago. I have previously noted that Biden “has always been better at expressing revulsion than responsibility.” When it came to Sorensen, Biden could not imagine a rationalization for a nominee to excuse such mishandling of classified material, but as a president, “there is no there there.” Biden has continued to make the case against himself with remarkable determination. His defense that some documents were housed in his “locked garage with my Corvette” may go down as one of the most imbecilic statements in modern political history. He then followed up with his “no regrets” comments (and his assurance of “no there there”) just before more classified documents were found “there.”

While special counsel do not mind defendants making fools of themselves, they do not want to join them in such public spectacles. In this investigation, the Biden defense is looking increasingly implausible in his claim of no knowledge or responsibility. Indeed, if any witness or forensic evidence shows that Biden came into contact with any of these documents over the last 10 years, this dubious defense will take on a far more sinister appearance. It would establish not just intent and knowledge, but an effort to deceive the public and prosecutors. Yet, even after the latest batch was found, Biden and allies like Sen. Chris Coons, D-Del., are continuing to maintain that “there is no there there.” These continuing denials now border on willful blindness and the public reaction is likely to echo the president’s favorite tagline: “Come on, man.”

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“..Hunter Biden, is like the ambitious-but-dull son who wants to inherit the family business but always screws up..”

• Biden Family: The Delaware Sopranos (Newt Gingrich)

Watching HBO’s “the Sopranos” can really help you understand the Biden family. Between Hunter Biden’s laptop scandal, and the Bidens’ various shady private-equity schemes with foreign fraudsters, it’s not too hard to make the analogy. President Joe Biden is clearly the head of a family. He has repeatedly exploited his public offices to make money. His son, Hunter Biden, is like the ambitious-but-dull son who wants to inherit the family business but always screws up. Some of what the Bidens have done is clearly inappropriate. Even more of what they have done is an abuse of public office. Most of what they have done is simply secret. The best example of Bidens’ manipulation of the system for profit surrounds the Biden Center for Diplomacy and Global Engagement at the University of Pennsylvania.

The center has given the Bidens remarkable access to Chinese Communist Party money. According to reports in the New York Post, the university, “raked in a total of $54.6 million from 2014 through June 2019 in donations from China, including $23.1 million in anonymous gifts starting in 2016.” As the paper reported, about $15.8 in anonymous Chinese gifts came after the Biden Center was announced in 2017. As soon as Biden left the White House as vice president, he was tapped to lead the center and given a professorship. Shortly after the center fully opened, another $14.5 million in anonymous Chinese gifts were delivered in May 2018. In another report about this flood of money, The Free Beacon said $61 million in Chinese donations went to the university from 2017 to 2020.

The numbers vary because there is virtually no public accountability or transparency about the money trail. It’s a given that Chinese sources aren’t going to share any information. And the University of Pennsylvania is simply refusing to obey the law and report the foreign donations. I worked with the Trump administration’s Department of Education on this for several years, and we simply could not get the University of Pennsylvania to open its books and explain where all the Chinese money was coming from. Consider that now-Secretary of State Antony Blinken was the manager of the Penn Biden Center. Several other Biden team members were paid by the University of Pennsylvania in the period between Joe Biden’s vice presidency and presidency. Meanwhile, in apparent appreciation for setting him up at the center, Joe Biden appointed former University President Amy Gutmann to be U.S. Ambassador to Germany. Similarly, David Cohen, the former chairman of the university’s board of trustees, is now the U.S. Ambassador to Canada.

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Who’s seen them?

• House Members To Press Secret Service About Biden’s Classified Records (JTN)

Stonewalled by the White House, House investigators are turning their attention to the Secret Service in hopes of finding records showing who had access to the five tranches of classified records found in President Joe Biden’s Delaware home and Washington think tank office. House Oversight and Accountability Committee Chairman James Comer (R-Ky.) said Sunday the latest discovery of documents by the FBI during a search Friday had escalated the scandal from simply a question of incompetence, especially since the home where many of the documents were found was frequented by Hunter Biden as he pursued significant business deals with communist China.

“This has all the pattern of an influence peddling scheme, and it also has the makings of a potential coverup,” Comer told Fox News’ Maria Bartiromo. “… There’s a lot of connections with the CCP directly to both Hunter Biden, Hunter Biden’s Uncle Jim and Joe Biden.” The Biden administration has refused to provide any information about the classified documents, citing last week an ongoing special counsel probe into the discoveries of five tranches of classified documents at the Wilmington, Del., family home and the Penn Biden Center in Washington since Nov. 2. Comer said Sunday the distribution of the documents at multiple locations raised concerns.

“Does anyone believe that those classified documents, when they left the vice president’s office, they just took them to multiple locations all over the East Coast?” he asked. “It has the appearance that someone would have taken them and moved them around. I mean, this is very concerning.” Comer said his committee would be sending letters to the Secret Service on Monday for any records the presidential security agency has about who visited either location. “Hopefully, the Secret Service is going to work with us,” he said. “We’re requesting tomorrow formally any type of correspondence, any type of emails, any type of documentation that would help us determine who actually had access to those documents. And hopefully the Secret Service will work with us despite the fact that this White House is not.”

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“..oil’s share of energy production in the United States will only fall 8 percent in the next two decades, from 31 to 23 percent…”

• Biden Admin Finally Admits Mistake in Canceling Keystone XL Pipeline (RCE)

At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration. But the DOE’s report is a proverbial day late and a dollar short. The cancelation of the Keystone XL pipeline has already cost the United States thousands of jobs and billions in economic growth while families suffer under the weight of record high energy prices. It’s time for lawmakers to make American energy independence a top priority.

Released without a formal announcement, the DOE’s report points out that the pipeline would have created between 16,149 and 59,000 jobs and would have had an economic benefit of between $3.4 and 9.6 billion. That’s no small impact. Yet with one stroke of his pen, Biden slashed the project and instead focused his efforts on costly “green energy” goals. As a result of his executive action, 11,000 pipeline workers were promptly laid off and told to “go to work to make solar panels” instead. But Biden’s green energy efforts are bound to backfire sooner rather than later. That’s because today, more than 70 percent of the energy produced and consumed in America comes from oil, gas and coal. That’s not likely to substantially change anytime soon.

In fact, the International Energy Agency predicts that oil’s share of energy production in the United States will only fall 8 percent in the next two decades, from 31 to 23 percent. And that’s assuming a sustained commitment to green energy policies. The forecast spells bad news for the Biden White House. At his political peril, Biden ignores the lessons of Presidents Jimmy Carter and George H. W. Bush, who both lost elections due to spiked oil prices and accompanying recessions. Two years into sowing its Green New Deal policies, the administration is reaping a bitter harvest. Due to Biden’s folly, oil, natural gas and electricity prices have more than doubled in just a single year. Meanwhile, more than 28 percent of Americans abstained from purchasing food or medicine to pay an energy bill in 2021. And now, the misnamed Inflation Reduction Act includes wind and solar spending that will cost Americans $369 billion.

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“Klaus Schwab will stay in office until he dies..”

• ‘Succession’ Has Nothing On Davos: Elite Conclave Mulls Next Leader (Pol.eu)

It’s the political race everyone is afraid to talk about. For 52 years the World Economic Forum has been synonymous with its founder and executive chair Klaus Schwab, whose humble manner belies what many who know him describe as great ambition and boundless energy, even into his mid-80s. Schwab has grown WEF’s $6,000 startup capital in 1971 into a $390 million a year business, turning a once sleepy organization into the think tank world’s FIFA. Today, WEF’s annual meeting attracts more billionaires and CEOs than any other event on earth, and more political leaders than any gathering outside the United Nations General Assembly. So what (and who) comes after Klaus Schwab?

Schwab turns 85 in March, and it’s an open question whether he will pass the torch at all. Rupert Murdoch hasn’t. Warren Buffet hasn’t. In an era of active aging, why should Schwab? POLITICO spoke to 29 WEF corporate strategic partners, current and former WEF staffers, and members of the forum’s committees and communities. They all agree: Schwab tightly controls the succession discussion. Even those who know Schwab well profess little knowledge of his plans. Forum staffers have become used to Schwab putting a high-profile political figure in the frame for succession, only to see the idea disappear before it becomes a plan. Schwab has been reluctant to talk about succession, and has consistently refused to discuss a timetable.

Five of the people POLITICO spoke to said they suspect he will stay in the job until he dies, like the monarchs and popes his critics say he styles himself after. WEF insiders are typically unwilling to talk on-the-record about the organization’s post-Schwab future. All 29 people told POLITICO they feared being barred from WEF events, while others said even speaking anonymously could get them fired. WEF is registered as a non-profit, but it’s also a multi-generation family business. Schwab’s children Nicole and Olivier hold high-ranking positions in the organization, and his wife Hilde presides over a foundation and awards ceremony in Davos. WEF’s governing statutes give family members rights to board seats. In 2017 Schwab brought in Børge Brende, a former Norwegian foreign minister, to serve as WEF’s president, while Schwab himself remained executive chair. If some outsiders expected the then 79-year-old to ease into the shadows, they were wrong: Per WEF’s website, the organization’s 800-strong staff is still “led by Founder and Executive Chairman Professor Klaus Schwab.”

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“An Inconvenient Truth” amassed $49 million at the world box office and catapulted Al into the top ranks of climate hysterics, and he’s never looked back..”

• Al Gore Amassed a $330 Million Climate Fortune by Terrifying Everyone (RedS)

Former Vice President and 2000 presidential election loser Al Gore has spent his post-political career warning anyone who will listen that the earth is in its death throes due to global warming (now called climate change because somehow that’s better). His 2006 documentary “An Inconvenient Truth” amassed $49 million at the world box office and catapulted Al into the top ranks of climate hysterics, and he’s never looked back, constantly jetting to meetings around the world to preach his truth. This week he’s at the World Economic Forum in Davos, Switzerland, because of course he is. Is he doing this because he truly believes what he’s saying, or because he cares so very much about you? While we can’t read his mind, one thing we do know for sure: climate change has been very, very good to Al Gore.

Though he was worth approximately $1.7 million at the end of his vice presidency, he has now amassed an estimated $330 million fortune, owns houses in Virginia, California, and Tennessee, and receives a cool $2 million a month for a figurehead position at the Generation Investment Management green energy fund he founded with former Goldman Sachs Managing Director David W. Blood. There are only two conclusions I can come to upon learning this news—1) I should have been a climate activist. 2) Hunter Biden has nothing on this guy. If he’s so concerned about rising seas, why would Gore buy a huge oceanview mansion in flood-prone Montecito? One might ask the same question of former president Barack Obama, who dropped $12 million for a waterfront view on the island of Martha’s Vineyard.

Gore’s other property holdings are pretty sweet, too, according to Daily Mail:”Gore’s family has owned farming land in his native Tennessee for generations, while his mansion in Nashville is valued at $7.5 million, his waterfront villa in Montecito, where he counts Oprah as a neighbor [and don’t forget Prince Harry], is worth $13 million, his Virginia home is worth around $3 million as is his apartment in the St. Regis building in San Francisco.” Where did he get all this money? He has a stake in the aforementioned $36 billion Generation Investment Management fund, around $80 million worth of stock in companies such as Apple and Google, and a salary from Apple as a compensation committee member. He receives $200,000 a pop per public speaking engagement and also advises companies on “going green” for undisclosed (but presumably huge) fees.

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Trump still looks strong.

• Trump and DeSantis Both Leading Biden In Hypothetical 2024 Matchup (JTN)

If the 2024 presidential election were held today, either of the two top presumed Republican contenders for their party’s nomination would defeat President Joe Biden, according to a new survey. Both former President Donald Trump and Florida Gov. Ron DeSantis would beat the current president if he chooses to run again, according to the Harvard CAPS-Harris Poll, which was released Friday. The survey polled 2,050 registered voters, 65% of whom said that Biden should not run again. Of those polled, 46% said they would support Trump with 41% for Biden and 13% uncertain at this time. This was the same 5-point margin that Trump led by in the December poll results.


If the GOP candidate is Gov. DeSantis, the poll shows him defeating Biden by a margin of 42% to 39%. News of the scandal regarding Joe Biden’s handling of classified documents appears to make little difference to those surveyed, comparing the two months’ results. While Trump remains the clear favorite for the Republican nomination, leading DeSantis by a 48% to 28% margin, the co-director of the poll is not convinced the lead will hold. “Trump is ahead but already has every vote he can get,” Mark Penn told The Hill. “DeSantis is the candidate of potential.” Other potential Republican candidates all registered in single digits, with Mike Pence at 7%, Nikki Haley at 3%, and Mike Pompeo at 1%.

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WSJ only took 3 years. Underwhelming.

• WSJ Shreds Vaccine Makers, Biden Admin Over “Deceptive” Booster Campaign (ZH)

Wall Street Journal editorial board member Allysia Finley has taken a flamethrower to vaccine makers over their “deceptive” campaign for bivalent Covid boosters, and slams several federal agencies for taking “the unprecedented step of ordering vaccine makers to produce them and recommending them without data supporting their safety or efficacy.” “You might have heard a radio advertisement warning that if you’ve had Covid, you could get it again and experience even worse symptoms. The message, sponsored by the Health and Human Services Department, claims that updated bivalent vaccines will improve your protection. This is deceptive advertising. But the public-health establishment’s praise for the bivalent shots shouldn’t come as a surprise. -WSJ”

The narrative behind the campaign was simple; mRNA Covid shots could simply be ‘tweaked’ to to target new variants – in this case, the jabs were claimed to confer protection against BA.4 and BA.5 Omicron variants, along with the original Wuhan strain. To call this wishful thinking would be extremely generous. As Finley writes, three scientific problems have arisen. 1/ The virus is mutating much faster than vaccines can be updated. 2/ Vaccines have ‘hard wired’ our immune systems to respond to the original Wuhan strain, “so we churn out fewer antibodies that neutralize variants targeted by updated vaccines.” 3/ Antibody protection wanes after just a few months. Finley has brought receipts too…

Two studies in the New England Journal of Medicine this month showed that bivalent boosters increase neutralizing antibodies against the BA.4 and BA.5 variants, but not significantly more than the original boosters. In one study, antibody levels after the bivalent boosters were 11 times as high against the Wuhan variant as BA.5. The authors posit that immune imprinting “may pose a greater challenge than is currently appreciated for inducing robust immunity against SARS-CoV-2 variants.” This isn’t unique to Covid or mRNA vaccines, though boosters may amplify the effect. Our first exposure as children to the flu—whether by infection or vaccination—affects our future response to different strains. -WSJ”

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Actual Delta ad, 1973

 

 

Drive train

 

 

Lizard
https://twitter.com/i/status/1617145802702323712

 

 

 

 

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Debt Rattle December 22 2021

Dec 222021
 
 December 22, 2021  Posted by at 9:09 am Finance Tagged with: , , , , , , , ,  94 Responses »


Berthe Morisot Julie and her boat1884

 

• Omicron Could Be ‘A Christmas Present’ – Malone (WND)
• BioNTech CEO Says ‘Even Triple-Vaccinated’ Transmit COVID (SAC)
• How Fauci and Collins Shut Down Covid Debate (WSJ Ed.)
• Fauci Says Unvaxxed Relatives Not Worthy of Family Christmas Gatherings (CTH)
• An Interview With Fauci’s Nemesis (Beck)
• Here’s A Reality Check (Denninger)
• Prepare For Fourth Covid Jab, Tony Blair Institute Says (RT)
• EU Sets Binding 9 Month Validity Of Covid-19 Travel Pass (R.)
• Austria Hiring People to “Hunt Down Vaccine Refusers” (SN)
• Ryanair CEO Calls For Unvaccinated “Idiots” To Be Ostracised From Society (SN)
• Judge Blocks Biden’s Vaccine Mandate for Federal Contractors in 10 States (ET)
• Covid Modelling Shows The Most Worrying Scenario, Not The Most Likely (G.)
• A Letter from a Concerned Psychologist (Nicassio)
• Americans Warned About Risk Of Russian Invasion Of Ukraine (RT)
• The Fed Gets Its Ducks in a Row for the Next Wall Street Bailout (Martens)
• “If You Could Die Of Irony, She Would Be Dead”: Musk Slams Liz Warren (ZH)

 

 

 

 

For context, in the UK:

• same time last year, 40,000 daily cases of Covid
• this year, 90,000

• same time last year, 21,000 hospitalised
• this year, 8,000

Additionally, hospital stays will likely be much shorter this year.

 

 

First US death

 

 

“..if you believe in a God,” the rise of the omicron variant “looks an awful lot like a Christmas present.”

• Omicron Could Be ‘A Christmas Present’ – Malone (WND)

The new omicron variant that is causing renewed panic among government officials and media could turn out to be “a Christmas present,” says the inventor of the mRNA technology behind the Pfizer and Moderna COVID-19 vaccines. Dr. Robert W. Malone, in a video interview Monday with WND, explained that while the original SARS-CoV-2 virus settled in the lungs, a new University of Hong Kong study that is still under peer review is among studies indicating omicron is settling in the upper respiratory tract. That makes it more transmissible but less virulent. Consequently, the new variant, which was first detected in South Africa on Nov. 25, could act similarly to a live attenuated virus vaccine, producing mild symptoms and natural immunity to COVID-19, Malone said.

He urged caution, noting a pre-print U.K. study by Imperial College of London reporting it is finding no difference in omicron hospitalizations compared to delta. However, the U.K. researchers acknowledged in their initial report that hospitalization data “remains very limited at this time.” In fact, South African officials reported last week that only 1.7% of identified COVID-19 cases were admitted to hospitals in the second week of infections in the fourth wave. That’s compared with 19% in the same week of the third delta-driven wave, South African Health Minister Joe Phaahla said at a press conference. [..] Malone also discussed in the WND interview a new study from Ontario, Canada, suggesting vaccination could predispose someone to a higher risk of infection by omicron.

“If so, that would be the clear indication of the vaccine-enhanced infection and disease risk that not just I had been concerned about, but that the FDA was concerned about,” he said. His main caution with the Ontario data is that there is no indication of how many cases were omicron and how many were delta.[..] Malone also commented on the new release of emails showing that outgoing National Institutes of Health Director Francis Collins asked White House coronavirus adviser Dr. Anthony Fauci to carry out a “quick and devastating published takedown” of the Great Barrington Declaration in the fall of 2020. [..] “We have now clear, clear evidence of collusion by senior government officials to suppress scientific discussion and debate about one of the most crucial issues that we’ve addressed over the last two years, which is whether or not lockdowns make sense,” Malone said.

“And the data are overwhelming. They don’t.” And, he continued, “the worst part is the rest of the world looks to the U.S. for leadership.” “There’s a good chance that Australia wouldn’t be in this hellhole that they are now in if Francis Collins hadn’t substituted his opinions for actually looking at the data,” Malone said. On Friday, Malone told Fox News host Laura Ingraham that “if you believe in a God,” the rise of the omicron variant “looks an awful lot like a Christmas present.” He said that to “the experienced vaccinologist,” it looks “like a live attenuated virus vaccine that you might design for purpose.” “It’s going to elicit a strong mucosal immune response. This is about as good as we could possibly want right now, in terms of outcomes,” he said.

Yet, Ingraham noted, the media and political establishment are “freaking out,” calling for shutting things down again. “I think they’re disappointed with the good news,” Malone said.

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Admitting your product is worthless, in an attempt to make even more money. And people will fall for it.

• BioNTech CEO Says ‘Even Triple-Vaccinated’ Transmit COVID (SAC)

While President Joe Biden and his coronavirus officials are bullying Americans into getting vaccinated or they will face a “deadly winter” for themselves and their families, “one of the scientists behind Pfizer-BioNTech’s COVID-19 show said Monday that he believes vaccines alone will not be enough to fight the Omicron variant.” BioNTech CEO Ugur Sahin told French newspaper Le Monde “even triple-vaccinated people can transmit the disease, and they will have to be tested, especially around vulnerable people.” “With the Omicron variant becoming dominant, protective measures will remain essential, especially this winter” he added, who says they are working on yet another version of the vaccine specifically tailored for the Omicron variant that could possibly be available by March.


So according to an actual scientist in an actual science-based company, even being “triple-vaccinated” will not stop people from the winter of death that Biden claims will happen to only those who are not vaccinated. Not only will vaccines and boosters not guarantee you can hug grandma, but there will be yet another vaccine created to push down our throats in the coming months. Sahin says unfortunately those who received the original Pfizer-BioNTech vaccine will lose its efficacy over time. “It’s obvious we are far from the 95 percent effectiveness that we had against the initial virus. But after the third injection our vaccine seems to provide 70 percent or 75 percent protection against any form of the disease, which is still a good result for a vaccine in general — and I think we will be well beyond that for severe forms,” said Sahin.

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When the Wall Street Journal Editorial board turns on Fauci, maybe there’s still hope.

• How Fauci and Collins Shut Down Covid Debate (WSJ Ed.)

In public, Anthony Fauci and Francis Collins urge Americans to “follow the science.” In private, the two sainted public-health officials schemed to quash dissenting views from top scientists. That’s the troubling but fair conclusion from emails obtained recently via the Freedom of Information Act by the American Institute for Economic Research. The tale unfolded in October 2020 after the launch of the Great Barrington Declaration, a statement by Harvard’s Martin Kulldorff, Oxford’s Sunetra Gupta and Stanford’s Jay Bhattacharya against blanket pandemic lockdowns. They favored a policy of what they called “focused protection” of high-risk populations such as the elderly or those with medical conditions. Thousands of scientists signed the declaration—if they were able to learn about it.

That didn’t please the lockdown consensus enforced by public-health officials and the press. Dr. Collins, the director of the National Institutes of Health until Sunday, sent an email on Oct. 8, 2020, to Dr. Fauci, the director of the National Institute of Allergy and Infectious Diseases. “This proposal from the three fringe epidemiologists . . . seems to be getting a lot of attention – and even a co-signature from Nobel Prize winner Mike Leavitt at Stanford. There needs to be a quick and devastating published take down of its premises,” Dr. Collins wrote. “Is it underway?” These researchers weren’t fringe and neither was their opposition to quarantining society. But in the panic over the virus, these two voices of science used their authority to stigmatize dissenters and crush debate.

A week after his email, Dr. Collins spoke to the Washington Post about the Great Barrington Declaration. “This is a fringe component of epidemiology,” he said. “This is not mainstream science. It’s dangerous.” His message spread and the alternative strategy was dismissed in most precincts. Dr. Fauci replied to Dr. Collins that the takedown was underway. An article in Wired, a tech-news site, denied there was any scientific divide and argued lockdowns were a straw man—they weren’t coming back. If only it were true. The next month cases rose and restrictions returned. Dr. Fauci also emailed an article from the Nation, a left-wing magazine, and his staff sent him several more. The emails suggest a feedback loop: The media cited Dr. Fauci as an unquestionable authority, and Dr. Fauci got his talking points from the media. Facebook censored mentions of the Great Barrington Declaration. This is how groupthink works.

On CBS last month, Dr. Fauci said Republicans who criticize him are “really criticizing science, because I represent science. That’s dangerous.” He isn’t “science.” And it’s also dangerous for scientific officials to mobilize to quash dissent, without which it’s easy to make tragic mistakes. A scientific debate over pandemic policy was and still is in the public interest, especially during a once-in-a-century plague. Focused protection of nursing homes and other high-risk populations remains the policy road not taken during the pandemic. Perhaps this strategy wouldn’t have prevailed if a debate had been allowed. But it isn’t enough to repeat, as Dr. Collins did on Fox News Sunday, that advocates are “fringe epidemiologists who really did not have the credentials,” and that “hundreds of thousands of people would have died if we had followed that strategy.”

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“These are very disturbed people who have allowed a taste of power and influence to fuel an underlying narcissism.”

• Fauci Says Unvaxxed Relatives Not Worthy of Family Christmas Gatherings (CTH)

Dr. Anthony Fauci is a thin-skinned, unstable ideologue with visions of grandiosity. He has wreaked havoc on our nation and permeated a major crisis on the global stage with his poor advice on COVID-19. He personifies a mentally and emotionally unstable person within his worldview. Fauci is representative of a group of psychologically unstable people who need a career operating in government systems and institutions, because they could never be successful in the private sector. They can only succeed in academia and institutions without merit-based structures.


These are very disturbed people who have allowed a taste of power and influence to fuel an underlying narcissism. Their disorder exhibits as vengeful bitterness, the result of adolescent isolation and no emotional balance. History will not look well upon Anthony Fauci any more than history reflects well upon Josef Mengele. In this short Q&A snippet, Anthony Fauci reveals his bitter worldview by saying unvaccinated people should be told to stay away from family events this Christmas. Notice the reference point of the response is that people should appreciate being in his presence.

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“..they control 61 per cent of the biomedical research on earth, so they control pretty much what gets funded.”

• An Interview With Fauci’s Nemesis (Beck)

SB: Have you received any legal challenges from Anthony Fauci or Bill Gates? RFK:There is nothing in that book that is untruthful. Secondly, I would welcome a lawsuit from Bill Gates and Tony Fauci, and they know that that would be a giant strategic mistake. Even if I did put something in that book that was defamatory, I don’t think they would challenge it. They’ve got so much to lose from the truth. Their only viable strategy is silence.

SB: What kind of reaction have you had from MSM? RFK: There’s no reviews in the papers [despite the book’s No 1 best-seller status]. I am now being targeted with a barrage of ad hominem articles about me, but they don’t even mention the book, which is weird. They do not want to talk about this book because it’s full of truth. The truth is their deadliest enemy.

SB: Have you ever met either Fauci or Gates? RFK:: I’ve met Tony Fauci. Our paths have crossed for many years. I’ve been working on vaccine issues since 2005 so I’ve seen him in action on many occasions. In 2016, President Trump asked me to run a vaccine safety commission. To do that I had a series of meetings with the regulatory leadership including Fauci and Gates. One of my challenges to them was to say: ‘You have never done a single double-blind placebo-controlled trial for any of the 72 recommended vaccines being given to children.’ Publicly, Fauci was saying I had not been telling the truth about this. I said to him: ‘Show me one trial for any of those 72 jabs.’ He made a show of looking through the files he’d brought with him. He said: ‘We don’t have them here; we’ll send them to you.’ He never did send them to me and a year later I sued them. We filed a suit asking them to show us any of those studies they had and after a year of litigation they came back and said we don’t have any. Ironically, Fauci is now saying that he can’t use ivermectin or hydroxychloroquine to treat Covid without back-up from a double-blind placebo-controlled trials.

SB: The impression I get of Fauci is that he knows what to say in public but he seems like he has a dark side to him. The only reason for providing toxic drugs to people, like remdesivir, that has been so harmful to people with Covid, is because you know many who receive it will die. Does he know that? RFK: Of course he does. He had remdesivir in a study in Africa to see if it worked against Ebola. In 2019, the Data and Safety Monitoring Review Board (DSMB) monitored his work. Two months later, the board was saying it’s not safe, it’s killing people. It’s produced by the pharmaceutical company Gilead which Bill Gates has a huge stake in. Coronavirus does not kill 50 per cent of people who get it whereas trials show that over 50 per cent of people treated with remdesivir died.

SB: In your book you talk about two types of scientists, those who allow Fauci to dictate their careers and those who don’t want to be compromised, but he seems to be very effective at crushing dissent. RFK: Between him, Gates and Jeremy Farrar, director of the Wellcome Trust [part of the Trust’s £29.1billion annual budget comes from Gates], they control 61 per cent of the biomedical research on earth, so they control pretty much what gets funded. Also, that funding power gives them the power to kill studies they do not want and to ruin scientists who are trying to do those studies and to bankrupt universities. I show how that works in the book. If you had a young scientist at let’s say UCLA Medical School, [University of California, Los Angeles] who says why don’t we study whether the vaccines are causing injury by doing a cluster analysis of medical records?

That’s an easy study to do. His dean will get a call from one of Tony Fauci’s flunkeys at the NIH [National Institutes of Health run by Fauci] saying you’d better stop that guy from doing the study, Tony doesn’t want it done. UCLA, like all the medical schools in this country, is getting hundreds of millions of dollars from Fauci and the NIH and are completely dependent on the royalties from pharmaceutical products that Fauci develops in his lab, farms out to the universities for phase 1 and phase 2 trials, then brings in a pharmaceutical company to produce the drug who then shares the patent with the university. Everybody is on the hook; everybody is making money and all of them have a huge incentive not to talk.

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Important to remember: “Every single attempt at vaccination against a coronavirus in the past in both man and beast has failed to produce durable immunity.”

• Here’s A Reality Check (Denninger)

Pfizer has disclosed in their own data that for young people the shots are as dangerous, as measured in hospitalization, for ***** as they are for caused myocarditis. Since infection is never certain but inoculation, once you take it, is, there was never an argument for authorizing these jabs in healthy young people simply on the math. We did it anyway and we’re still advocating it. That is just one condition but let’s be clear: If you jab your kid you’re putting them at equal or greater risk of being hospitalized from one side effect of the ******* alone as from *****-19 itself. If you do that as a parent you’re a monster. If you do it as a young adult on your own absent some individualized risk you’re stupid.


Anyone who believes that an agent injected into the muscle of the arm that can and does sometimes cause inflammation of the heart will not also cause inflammation of other tissues and, through doing so, also cause damage to other tissues has rocks in their head. The scope of that additional damage is completely unknown because we’re not performing any surveillance nor did we originally. We have never, for example, taken a group of 100 people, pulled full blood work including markers for inflammation, cardiac damage and others, then vaccinated them and repeated said tests on a 2, 4, 8 and 16 week interval to determine if we got negative metabolic changes and if we did, whether they were transient or durable. Nobody knows because we never did the work.

But it is entirely reasonable to expect that additional risk of stroke, heart attack, pulmonary embolism and more, all of which are life-altering, produce permanent disability and can be fatal, would be made materially more-likely by an agent that causes myocarditis. Indeed that would be a reasonable medical presumption; inflammation in the body is a known contributing factor to strokes and VTE which encompasses pulmonary embolisms. Given the billions that these companies have made you’d think we would have required such in-detail tracing, collection of information and publication of the results. We did not then and still haven’t. Omicron has now thrown mud in everyone’s eye by doing exactly what every coronavirus has done through time — mutationally evaded the neutralization potential of vaccination.


Every single attempt at vaccination against a coronavirus in the past in both man and beast has failed to produce durable immunity. Several attempts have resulted in wildly-enhanced disease. We’re seeing the latter now with attack rates in vaccinated people exceeding that for unvaccinated with Omicron. The only good news is that it may be true that Omicron is less-virulent; there is some early evidence that it is much less replication-competent in the lungs. That’s a good thing because upper respiratory infection is not serious; it is the lung infection that gets you. In other words it may be that Omicron is a nasty cold. That it is more-able to infect vaccinated people than not is troubling but if its less-virulent it may not matter — indeed it may be a blessing. We don’t yet know and won’t for a few months, and that assumes we get honest data — which we may not.

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The moment such people say this, you better prepare for number six. Israel just officially announced number 4. Your country will follow soon.

• Prepare For Fourth Covid Jab, Tony Blair Institute Says (RT)

The research institute founded by former UK prime minister Tony Blair has called on the government to create a command-and-control team that could help it remain “ahead of the curve” and quickly roll out more vaccines. In a paper published on Tuesday, the Tony Blair Institute said the British government should seek to develop infrastructure that would allow it to mobilize new vaccination campaigns within 48 hours. With the prospect of yet more Covid variants emerging, it highlighted that “a fourth dose of the vaccine may soon be needed.” The institute contended that the ability to respond to future Covid strain outbreaks would depend on whether administrations could implement “a better approach to ‘command and control’ through a strong and coherent public-health emergency operations center.”


The non-profit organization said the emergence of Omicron highlighted the fact that governments are often forced to react, rather than working to “stay ahead of the curve.” “To achieve this, we need to take decisions fast, take them in a coordinated manner, and execute effectively and at speed. Be prepared at all times,” the paper reads. Noting examples from other nations, the institute said the UK’s Joint Committee on Vaccination and Immunisation should be doing more, including “rapidly” approving the use of Covid-19 vaccines in children aged five to 11 in an effort to reduce transmission.

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As member countries ponder a 3 month gap between jabs/boosters, the EU goes for 9?!

Interesting that the “primary vaccination schedule” is still just 2 jabs.

• EU Sets Binding 9 Month Validity Of Covid-19 Travel Pass (R.)

The European Commission on Tuesday adopted rules that will make the European Union Covid-19 certificate valid for travel nine months after the completion of the primary vaccination schedule. The proposal comes as several EU states introduce additional requirements on travellers in a bid to reduce the spread of the Omicron coronavirus variant. EU Justice Commissioner Didier Reynders told Reuters the EU Commission was against additional requirements, and was assessing the measures. The new rules will be binding on the 27 EU states from Feb. 1. The rule can be blocked by a qualified majority of EU governments or a simple majority of European Parliament members, but officials have said there is sufficient support for it. The rule replaces a non-binding recommendation the EU Commission put forward in November.

Once the rule is effective, EU states will be obliged to let fully vaccinated travellers with a valid pass access their territory. However, as an exception justified by a deteriorating situation, they could still impose further requirements, such as negative tests or quarantines, as long as they are proportionate. Seven EU states are currently requiring fully vaccinated travellers from other EU countries to also show a negative Covid-19 test upon arrival, measures some see as damaging the credibility of the EU pass. The states are Italy, Greece, Ireland, Portugal, Latvia, Cyprus and Austria. “We prefer to use for the free movement in Europe only the certificate without additional measures,” Reynders said. He noted that the additional requirements could be justified by concerns caused by the spread of the Omicron variant, but governments had to prove they were proportionate and necessary.

[..] A primary vaccination schedule for Covid-19 is currently composed in the EU of two shots of vaccines produced by Pfizer-BioNTech , AstraZeneca and Moderna, or a single jab of the Johnson & Johnson vaccine.

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“The vaccine refusenik hunters will receive a wage of 2774 euros, which will be paid 14 times a year, making an annual income of 38,863 euros.”

• Austria Hiring People to “Hunt Down Vaccine Refusers” (SN)

The Austrian government is hiring people to “hunt down vaccine refusers,” according to a report published by Blick. Yes, really. The burden for enforcing the fines unjabbed Austrians will have to pay as part of their punishment will fall to their employers, necessitating a new army of ‘inspectors’ to ensure that process is running smoothly. The city of Linz, which is home to 200,000 inhabitants, has a relatively low vaccination rate of 63 per cent. In response, “Linz now wants to hire people who are supposed to hunt down vaccine refusers,” reports Swiss news outlet Blick. The role of the inspectors will be to check on “whether those who do not get vaccinated really pay for it.” The vaccine refusenik hunters will receive a wage of 2774 euros, which will be paid 14 times a year, making an annual income of 38,863 euros.


Nice work if you can get it. “The job includes, among other things, the creation of penal orders as well as the processing of appeals,” according to the report, adding that workers need to be “resilient” and willing to work a lot of overtime. The jobs are only open to Austrian citizens, all of whom will either have to be vaccinated against or fully recovered from COVID. As we previously highlighted, the unvaccinated in Austria could find themselves imprisoned for a year under a new administrative law that would force them to pay for their own internment. Austrians who don’t get vaccinated by February face fines of up to €7,200 ($8,000) for non-compliance, and those who refuse to pay would also face a 12 month jail sentence.

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It’s clear who the idiot is here, but then again he’s just another propaganda victim, like 99.9% of people.

• Ryanair CEO Calls For Unvaccinated “Idiots” To Be Ostracised From Society (SN)

Michael O’Leary, the CEO of Ryanair has declared that anyone who remains unvaccinated should be completely cut off from society, including not being allowed to travel, go to the supermarket to get food, or the pharmacy to get medicine. “If you’re not vaccinated, you shouldn’t be allowed in the hospital, you shouldn’t be allowed to fly, you shouldn’t be allowed on the London Underground, and you shouldn’t be allowed in the local supermarket or your pharmacy either,” the airline executive said, as reported by The Telegraph. “You can sit at home and you know, get your deliveries of medicines and food. But you should not, you know, go to work or go on public transport unless you have a vaccine certificate,” O’Leary clarified.

O’Leary admitted that making vaccines compulsory is “an infringement of your civil liberties,” but added that the way around it is “you simply make life so difficult. Or [make it that] there are lots of things that you can’t do unless you get vaccinated.” Calling the unvaccinated “idiots,” the Ryanir boss further stated “I don’t think that governments should permit those people who are not vaccinated to go and infect everybody else.” O’Leary sardonically stated “We recognise the rights of everybody to decide not to get vaccinated if you so want. If you personally object to vaccination, because it’s some huge government/big pharma conspiracy; apart from the fact that you would be plainly an idiot, we respect your right to be an idiot.”

Ryanair was previously punished by the advertising standards agency in the UK after running a campaign promoting the sale of summer flights with a “Jab & Go!” gimmick despite having previously stated that it wouldn’t require passengers to take a COVID vaccine before they fly. As we previously reported, other airlines have indicated they will not allow passengers who haven’t had the vaccine to fly, including Singapore Airlines, which became the first carrier to officially launch a COVID passport.

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I’ll admit, I’m getting confused.

• Judge Blocks Biden’s Vaccine Mandate for Federal Contractors in 10 States (ET)

A federal judge in Missouri has issued a temporary hold on the Biden administration’s COVID-19 vaccine mandate for federal contractors in 10 U.S. states while litigation plays out. “We just beat the Biden Administration in court again,” Missouri Attorney General Eric Schmitt announced on Twitter late Monday. “This afternoon, we obtained a preliminary injunction against the vaccine mandate on federal contractors, halting enforcement of that mandate in Missouri and the other states in our coalition.” The preliminary injunction, issued by U.S. Magistrate Judge David Noce, applies to Alaska, Arkansas, Iowa, Missouri, Montana, Nebraska, New Hampshire, North Dakota, South Dakota, and Wyoming.


Schmitt and Nebraska Attorney General Doug Peterson, both Republicans, on Oct. 29 co-led the 10 states in suing the Biden administration over the mandate, calling it “unconstitutional, unlawful, and unwise.” “It will not harm the federal government to maintain the status quo while the courts decide the issues of the President’s authority and the implications for federalism. The Court concludes that, on balance, consideration of the harms and the public interest weigh in favor of a preliminary injunction,” reads the Monday preliminary injunction order from U.S. Magistrate Judge David Noce. A nationwide preliminary injunction is already in place blocking the Biden administration’s vaccine mandate for federal contractors, after a federal court in Georgia on Dec. 7 granted the injunction in a separate seven-state lawsuit led by Georgia.

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This should be checked for every country.

• Covid Modelling Shows The Most Worrying Scenario, Not The Most Likely (G.)

Much of the pandemic modelling to make news headlines since Covid-19 hit has depicted concerning scenarios involving high case numbers and hospitalisations. On Thursday, modelling from the University of NSW and cited by NSW health minister Brad Hazzard found Covid-19 cases in the state could reach 25,000 a day by the end of January. The latest modelling to raise alarm bells came from the Doherty Institute and was leaked to the media on Tuesday after being sent to politicians ahead of a meeting of national cabinet on Wednesday. It said Australia could see 200,000 new Covid cases a day by late January or early February. Early into the pandemic in 2020, other models predicted “hundreds of thousands” of Australian deaths, while health workers in NSW were told to prepare for 8,000 deaths in the first-wave.

But these are worst-case scenario models and are just one scenario out of dozens of different scenarios that are calculated by epidemiologists and biostatisticians. What is often lost in the reporting of these worst-case models is that they rarely ever eventuate, but are calculated to allow governments to see what might happen if they did nothing at all to control an outbreak, and to plan accordingly. The leaked Doherty Institute modelling projecting 200,000 cases came with an important caveat; this would only eventuate if nothing was done, including if people did not change their behaviour at all of their own accords. It also assumed no change to the pace of booster roll-outs, and that only very basic restrictions such as requiring masks in hospitals are maintained.

[..] Ahead of national cabinet meeting on Wednesday the chair of the Australian Health Protection Principal Committee, Prof. Paul Kelly, said of the 200,000 figure “presents one of the worst case of all potential scenarios including assumptions that the Omicron variant is as severe as the Delta variant, an absence of hospital surge capacity, a highly limited booster program, no change to baseline public health and social measures and an absence of spontaneous behaviour change in the face of rising case numbers”. “None of these five assumptions represent the likely state of events, let alone all of them together, therefore presenting that scenario as the likely scenario that will occur is highly misleading.”

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“One can only assume that the provincial health authorities’ relationship-splitting social engineering interventions will increase loneliness and isolation and associated risks for depression, anxiety, PTSD, self-harm, suicide, and drug toxicity for all. This is psychology 101.”

• A Letter from a Concerned Psychologist (Nicassio)

Attachment and the need to belong refer to the fundamental human need to maintain close social bonds and stay connected in psychologically and physically safe relationships from cradle to grave. One of the major contributions of psychology research has been to demonstrate that maintaining healthy and secure attachment and belonging is more than a psychological need: Attachment and belonging are primary and critical determinants of mental and physical health. Research in social psychology and neuroscience demonstrates that human beings’ neurobiological response to social exclusion mirrors their response to physical pain and suggests that social exclusion is one of the most painful and threatening events a person can experience.

While it’s not surprising that social exclusion and disturbances in attachment lead to negative emotions and thoughts, what’s less intuitive is that a large body of research has demonstrated that social exclusion is toxic to humans, leading to enduring changes in the brain and biological systems that regulate stress, weakening of the immune system, mental and physical illness, and earlier death. To date the narrative around social restrictions has been, “Well yes, social isolation is hard but restrictions are for the greater good!” But let’s be clear: The newest restrictions are not your run-of-the-mill isolation requirements. These restrictions require British Columbians to selectively exclude and marginalize their unvaccinated friends and loved ones during the most significant season for social gatherings and celebrations.

This is painful for everyone involved, but especially those who will be excluded and spending the holidays alone. It is also qualitatively different from previous social isolation requirements where we were all in it together. Sadly, social exclusion is actually an extremely harmful form of bullying. It’s clear to anyone with an understanding of psychology that these restrictions will cause relational fracturing and personal suffering that will last well beyond the holiday season. Not only is there strong scientific evidence that social exclusion leads to increased morbidity and mortality, but research consistently demonstrates that social exclusion, loneliness, and isolation are predictors of self-harm and suicide. The latest data have also shown a huge escalation in drug toxicity deaths since social restrictions began and this is the tip of the iceberg. One can only assume that the provincial health authorities’ relationship-splitting social engineering interventions will increase loneliness and isolation and associated risks for depression, anxiety, PTSD, self-harm, suicide, and drug toxicity for all. This is psychology 101.

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As we prepare to get rid of Fauci, let’s do the same with Victoria Nuland. Make the world a better place.

• Americans Warned About Risk Of Russian Invasion Of Ukraine (RT)

American citizens considering traveling to Ukraine have been advised by Washington to reconsider the trip, citing persistent claims that Russia could be planning an all-out offensive against its Eastern European neighbor. On Monday, the US State Department updated its recommendations for the country, warning that “citizens should be aware of reports that Russia is planning for significant military action against Ukraine.” Americans were informed that this “would severely impact the US Embassy’s ability to provide consular services,” including assisting people in departing from the region in an emergency. The travel notice also continued to advise against travel due to the Covid-19 risk in Ukraine, a recommendation in place for several months.


Guidance urging US citizens to rethink their journey to the former Soviet republic because of its high rates of coronavirus infection had been issued at the end of September. The advisory came after Kiev’s intelligence services and Western officials sounded the alarm in recent weeks, insisting that Moscow could soon launch an all-out offensive against its neighbor. However, the Kremlin has repeatedly rejected the accusations, instead arguing that the prospect of Ukraine becoming a member of NATO destabilizes the situation. Foreign Ministry spokeswoman Maria Zakharova warned at the beginning of December that the further expansion of the organization toward Russia is a red line, and that Ukraine’s hopes to be admitted were unacceptable. She accused the US of pulling Kiev into the orbit of the military bloc and turning it into a “bridgehead” of confrontation with Russia, which she warned could cause conflict on the European continent.

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“Goldman Sachs Bank USA had $387 billion in assets versus $48 trillion (yes, trillion) in notional (face amount) derivatives.”

• The Fed Gets Its Ducks in a Row for the Next Wall Street Bailout (Martens)

Last Friday, with the public’s attention diverted to the surge in Omicron variant cases of COVID in the U.S. and holiday travelers’ attention focused on the safety of air travel and family gatherings, the Federal Reserve Bank of New York quietly announced, in a one sentence statement, that it was adding the following three federally-insured banks to its list of counterparties for its newly-minted $500 billion Standing Repo Facility: Citibank, Goldman Sachs Bank USA, and the New York Branch of Mizuho Bank. If you’re stunned that Goldman Sachs is allowed to own a federally-insured bank under existing U.S. law, see our previous report: Goldman Sachs’ Rich Man’s Bank Backstopped by You and Me. If you’re stunned that a New York branch of Mizuho Bank, part of the Japanese conglomerate Mizuho Financial Group, is able to have federal deposit insurance backstopped by the U.S. taxpayer, welcome to the world of borderless global banking for the one percent.

These three banks have a number of things in common: (1) each financial institution already has a broker-dealer affiliate that is already one of the Fed’s 24 primary dealers that participates in the Fed’s repo operations; (2) each of the three banks’ primary dealer affiliates took large, secret loans from the Fed’s repo facility when credit collapsed on Wall Street on September 17, 2019; (3) all three institutions have trillions of dollars in exposure to derivatives according to data from the Office of the Comptroller of the Currency (OCC). If all three banks already have broker-dealer affiliates participating in the Fed’s repo loan facility, why would another affiliate be added? The first thought that comes to mind is the fact that the Fed puts a daily cap on the dollar amount that each counterparty can borrow per day. By having two affiliates as counterparties, the amount that can be borrowed is doubled.

Why would these three banks need to have a sugar daddy at the Fed to loan them money in a financial crisis? Because all three banks have huge exposure to derivatives. According to the latest report from the OCC, as of September 30, 2021, Goldman Sachs Bank USA had $387 billion in assets versus $48 trillion (yes, trillion) in notional (face amount) derivatives. Citibank had $1.7 trillion in assets versus $44 trillion in notional derivatives. Mizuho’s bank holding company had $48.8 billion in assets versus $6 trillion in derivatives.

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Musk is … different, and that is refreshing.

• “If You Could Die Of Irony, She Would Be Dead”: Musk Slams Liz Warren (ZH)

Elon Musk just sat down with the guys from the Babylon Bee for a 54-minute interview, where the Tesla and SpaceX founder savaged Sen. Liz Warren, and described woke culture as a “mind virus.” “You were pretty mean to Senator Warren there on Twitter recently,” said Babylon Bee EIC Kyle Mann. “Ya slammed her man.””Please don’t call the manager on me, Senator Karen,” he continued – citing Musk’s December 14th response to Warren slamming him for not paying ‘enough’ taxes. To which Musk replied: “She struck first, obviously. She called me a freeloader and a grifter who doesn’t pay taxes, basically. And – I’m literally paying the most tax that any individual in history has ever paid, this year, ever. And she doesn’t pay tax… basically at all. And her salary is paid for by the taxpayer, like me.”

“Could you even use the term irony, would that work?” asked one of the Bee guys. “If you could die of irony, she would be dead.” Musk also opined on woke culture – calling it a “mind virus,” and “arguably one of the biggest threats to modern civilization.” “Wokeness wants to make comedy illegal,” Musk continued, adding “Do we want a humorless society that is simply rife with condemnation, and hate? At its heart, wokeness is divisive, exclusionary and hateful. It basically gives mean people a shield to be cruel, armored in false virtue.” When asked why Musk wasn’t appearing on, say, CNN, he replied: “I’m not perverted enough?” perhaps referencing their recent pedo outbreak.

Bee CEO Seth Dillon asked Musk if he gets sick of people badgering him about his wealth, to which he said that until he sold stock, he maintained relatively little cash balances – and that he happens to own 20% of a company that people decided was worth a trillion dollars. He also defended ‘not paying taxes,’ explaining that in 2017 he overpaid, which netted out in 2018, and that since the majority of his wealth is in stock anyway that he wasn’t incurring taxable events. “What am I supposed to do, send shares to the government, somehow?” said Musk.

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Debt Rattle May 2 2019

May 022019
 
 May 2, 2019  Posted by at 8:59 am Finance Tagged with: , , , , , , , , , , , , , ,  14 Responses »


Bugatti Atlantic Coupé 1935

 

• Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)
• US May Have To Stop Borrowing Later This Year – Treasury (R.)
• From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)
• Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)
• Venezuela and Binary Choice (Murray)
• Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)
• Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)
• WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)
• 737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)
• US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

 

 

Straight from the horse’s foul-smelling mouth, the Guardian. First judge called Assange a narcissist. This one says he cost taxpayers £16m. Judges in Britain are apparently not required to be objective. Here’s praying he’ll receive better treatment today.

• Julian Assange Legal Team Begin ‘Big Fight’ Over Extradition (G.)

A struggle over the US request for Julian Assange’s extradition will open in court on Thursday morning, a day after the WikiLeaks founder was jailed for just under a year for breaching bail conditions to avoid being extradited to Sweden. Wednesday’s sentence was decried as an “outrage” by Kristinn Hrafnsson, the editor-in-chief of the whistleblowing website, who said the hearing at Westminster magistrates court to oppose Assange’s extradition would be the start of the “big fight” – a process he said would be “a question of life and death for Mr Assange”. A judge largely rejected the mitigating factors put forward by lawyers for Assange – who took refuge in Ecuador’s embassy to London in 2012 to avoid extradition to Sweden over sexual assault allegations, which he has denied – and told the 47-year-old it was difficult to envisage a more serious example of the offence.

“You remained there for nearly seven years, exploiting your privileged position to flout the law and advertise internationally your disdain for the law of this country,” said Judge Deborah Taylor, as she sentenced him at Southwark crown court. “Your actions undoubtedly affected the progress of the Swedish proceedings. Even though you did cooperate initially, it was not for you to decide the nature or extent of your cooperation with the investigations. They could not be effectively progressed, and were discontinued, not least because you remained in the embassy.” Assange, who was arrested last month when Ecuador revoked his political asylum and invited Metropolitan police officers inside the country’s Knightsbridge diplomatic premises, had written a letter in which he expressed regret for his actions but claimed he had been left with no choice.

“I apologise unreservedly to those who consider that I have disrespected them by the way I have pursued my case. This is not what I wanted or intended,” he said in the letter read out by his lawyer, Mark Summers QC. “I found myself struggling with terrifying circumstances for which neither I nor those from whom I sought advice could work out any remedy. I did what I thought at the time was the best and perhaps the only thing that could be done – which I hoped might lead to a legal resolution being reached between Ecuador and Sweden that would protect me from the worst of my fears.”

Assange, wearing a black blazer and shorn of the beard worn when police carried him out of the embassy last month, was told by the judge that his continued residence there had cost £16m of taxpayers’ money “in ensuring that when you did leave, you were brought to justice”. “It is essential to the rule of law that nobody is above or beyond the reach of the law,” said the judge, who said Assange’s written apology was the first recognition that he regretted his actions.

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Don’t they say that all the time about twice a year?

• US May Have To Stop Borrowing Later This Year – Treasury (R.)

The U.S. government will have to stop borrowing money between July and December if Washington doesn’t agree to raise a legal restriction on public debt, the Treasury Department said on Wednesday. Hitting that so-called “debt ceiling” could trigger a U.S. default on its debt and an immediate recession, a risk that has become a regular facet of U.S. politics over the last decade. The current debt limit was set in March. Treasury has been able to continue borrowing from investors by using accounting measures such as limiting government payments to public sector retirement funds.


“Treasury expects that the extraordinary measures will be exhausted sometime in the second half of 2019,” Treasury Deputy Assistant Secretary Brian Smith said in a statement announcing the department’s quarterly debt issuance plans. Wall Street also sees Treasury exhausting its borrowing authority in the third or fourth quarter, according to the minutes of a meeting of a Treasury advisory committee of financiers. The debt ceiling is already affecting how the government funds itself. Issuance of Treasury bills – short-term debt – is expected to gradually decline over the second quarter due to debt ceiling constraints, Smith said.

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“..while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.”

• From 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt (ZH)

As part of today’s Treasury Presentation to the Treasury Borrowing Advisory Committee, there is a chart showing the Office Of Debt Management’s forecast for annual US debt issuance, broken down between its three component uses of funds: Primary Deficit, Net Interest Expense, and “Other.” That chart is troubling because while in 2019 and 2020 surging US interest expense is roughly matched by the other deficit components in the US budget, these gradually taper off by 2024, and in fact in 2025 become a source of budget surplus (we won’t be holding our breath). But what is the real red flag is that starting in 2024, when the primary deficit drops to zero according to the latest projections, all US debt issuance will be used to fund the US net interest expense, which depending on the prevailing interest rate between now and then will be anywhere between $700 billion and $1.2 trillion or more.

In short: in the stylized cycle of the US “Minsky Moment”, the US will enter the penultimate, Ponzi Finance, phase – the one in which all the new debt issuance is used to fund only interest on the debt – some time around in 2024. From that point on, every incremental increase in interest rates, which will eventually happen simply due to rising inflation expectations, will merely accelerate the ponzi process, whereby even more debt is sold just to fund the rising interest on the debt, requiring even more debt issuance, and so on, until finally the “Minsky Moment” arrives. At that point, while we don’t know yet what the next reserve currency – either fiat, hard or digital – after the US dollar will be, we urge readers to own a whole lot of it.

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Get rid of the Fed or you will have no economy left. You already don’t have markets anymore, because the Fed became the market, and with the markets the economy will vanish too.

• Fed Sees No Strong Case For Hiking Or Cutting Rates (R.)

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “We think our policy stance is appropriate at the moment; we don’t see a strong case for moving it in either direction,” Fed Chairman Jerome Powell said in a press conference following the end of the central bank’s latest two-day policy meeting. Overall, he said, “I see us on a good path for this year.” Fed policymakers said ongoing economic growth, a strong labor market and an eventual rise in inflation were still “the most likely outcomes” as the U.S. expansion nears its 10-year mark.


“The labor market remains strong … economic activity rose at a solid rate” in recent weeks, the Fed said in a policy statement a day after President Donald Trump called on it to cut rates by a full percentage point and take other steps to stimulate the economy. The policy statement, and particularly Powell’s insistence the Fed saw no compelling reason to consider a rate cut in response to weak inflation, prompted a modest selloff in stock markets and pushed bond yields higher. The S&P 500 index fell 0.75 percent, its largest daily decline since mid-March. Interest rate futures also reversed direction, signaling a lower degree of confidence the next Fed move would be a rate cut, exactly the point Powell was driving at in a “stay-the-course” message, said analysts at Cornerstone Macro.

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“Juan Guaido has been groomed for 15 years as a long-term CIA project.”

• Venezuela and Binary Choice (Murray)

When a CIA-backed military coup is attempted by a long term CIA puppet, roared on by John Bolton and backed with the offer of Blackwater mercenaries, in the country with the world’s largest oil reserves, I have no difficulty whatsoever in knowing which side I am on. Juan Guaido has been groomed for 15 years as a long-term CIA project. His coup attempt yesterday, which so far appears to have stalled, was the culmination of these efforts to return Venezuela’s oil reserves to US hegemony.

It is strange how the urgent installation of liberal democracy by force correlates so often with oil reserves not aligned to the USA, as in Libya, Iraq or Venezuela, while countries with massive oil reserves which permit US military domination and align with the West and Israel can be as undemocratic as they wish, eg Saudi Arabia. Venezuela is an imperfect democracy but it is far, far more of a democracy than Saudi Arabia and with a much better human rights record. The hypocrisy of Western media and politicians is breathtaking.

Hypocrisy and irony are soulmates, and there are multiple levels of irony in seeing the “liberal” commentators who were cheering on an undisguised military coup, then complaining loudly that people are being injured or killed now their side is losing. Yesterday the MSM had no difficulty in calling the attempted coup what anybody with eyes and ears could see it plainly was, an attempted military coup. Today, miraculously, the MSM line is no coup attempt happened at all, it was just a spontaneous unarmed protest, and it is the evil government of Venezuela which attempts to portray it as a coup. BBC Breakfast this morning had the headline “President Maduro has accused the opposition of mounting a coup attempt”… Yet there is no doubt at all that, as a matter of plain fact, that is what happened.

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We’re going to have a civil war. But it won’t be civil.

• Nellie Ohr’s ‘Hi Honey’ Emails On Russia Collusion Should Alarm Us All (Hill)

First came the text messages between FBI lovebirds Peter Strzok and Lisa Page, which gave us a painful glimpse at potential political bias inside America’s most famous crime-fighting bureau. Now, a series of “Hi Honey” emails from Nellie Ohr to her high-ranking federal prosecutor husband and his colleagues raise the prospect that Hillary Clinton-funded opposition research was being funneled into the Justice Department during the 2016 election through a back-door marital channel. It’s a tale that raises questions of both conflict of interest and possible false testimony.

Ohr has admitted to Congress that, during the 2016 presidential election, she worked for Fusion GPS — the firm hired by Democratic nominee Clinton and the Democratic National Committee to perform political opposition research — on a project specifically trying to connect Donald Trump and his campaign chairman, Paul Manafort, to Russian organized crime. Now, 339 pages of emails from her private account to Department of Justice (DOJ) email accounts, have been released under a Freedom of Information Act request by the conservative legal group Judicial Watch. And they are raising concerns among Republicans in Congress, who filed a criminal referral with the Justice Department on Wednesday night.

They clearly show that Ohr sent reams of open-source intelligence to her husband, Associate Deputy Attorney General Bruce Ohr, and on some occasions to at least three DOJ prosecutors: Lisa Holtyn, Ivana Nizich and Joseph Wheatley. The contents tracked corruption developments in Russia and Ukraine, including intelligence affecting Russian figures she told Congress she had tried to connect to Trump or Manafort. “Hi Honey, if you ever get a moment you might find the penultimate article interesting — especially the summary in the final paragraph,” Nellie Ohr emailed her husband on July 6, 2016, in one typical communication. The article and paragraph she flagged suggested that Trump was a Putin stooge: “If Putin wanted to concoct the ideal candidate to service his purposes, his laboratory creation would look like Donald Trump.” Nellie Ohr bolded that key sentence for apparent emphasis.

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Still don’t get why they insist on lawyers asking their questions for them.

• Barr Cancels Second Day Of Testimony, Escalating Battle With US Congress (R.)

Attorney General William Barr on Wednesday canceled plans to testify before the House of Representatives about his handling of Special Counsel Robert Mueller’s Russia investigation, further inflaming tensions between U.S. President Donald Trump and Democrats in Congress. Barr was due to face the Democratic-controlled House Judiciary Committee on Thursday, but pulled out after the two sides were unable to agree on the format for the hearing. “It’s simply part of the administration’s complete stonewalling of Congress,” Judiciary Committee Chairman Jerrold Nadler told reporters. Justice Department spokeswoman Kerri Kupec said Nadler’s proposal to have committee lawyers question Barr was “unprecedented and unnecessary,” saying questions should come from lawmakers.


The Justice Department also said on Wednesday it would not comply with a Nadler-issued subpoena seeking an unredacted version of Mueller’s report and underlying investigative files from the probe. Earlier on Wednesday, Barr spent more than four hours before the Republican-controlled Senate Judiciary Committee where he fended off Democratic criticism of his decision to clear Trump of criminal obstruction of justice and faulted Special Counsel Robert Mueller for not reaching a conclusion of his own on the issue.

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The Wall Street Journal takes a very strong stand.

• WSJ: Dems Vilifying Barr For ‘Acting Like A Real Attorney General’ (Hill)

The Wall Street Journal editorial board on Wednesday excoriated Democrats for making Attorney General William Barr out to be a “villain,” defending Barr as merely “acting like a real Attorney General.” “Washington pile-ons are never pretty, but this week’s political setup of Attorney General William Barr is disreputable even by Beltway standards,” the board wrote in an op-ed published just hours after Barr testified before the Senate Judiciary Committee. The editorial, which was shared by President Trump on Twitter, slammed Democrats’ criticism of Barr’s handling of special counsel Robert Mueller’s report on Russian election interference and possible obstruction of justice by Trump.


The board also took issue with Mueller, saying that the letter he wrote to Barr expressing concerns with how the attorney general summarized his investigation amounted to “posterior covering.” “Democrats leapt on the letter as proof that Mr. Barr was somehow covering for Donald Trump when he has covered up nothing,” the board wrote, arguing that Barr’s four-page memo adequately summarized the chief findings of Mueller’s investigation. The board wrote that the “trashing of Barr shows how frustrated and angry Democrats continue to be that the special counsel came up empty in his Russia collusion probe.”

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“Single sources of data are considered acceptable in such cases by our industry..” As I explained when this came out, you need three sources. One is crazy, two is too dangerous.

• 737 Max Sensor Had Been Flagged Over 200 Times To FAA (CNN)

The device linked to the Boeing 737 Max software that has been scrutinized after two deadly crashes was previously flagged in more than 200 incident reports submitted to the Federal Aviation Administration, but Boeing did not flight test a scenario in which it malfunctioned, CNN has learned. The angle-of-attack (AOA) sensor, as it’s known, sends data to a 737 Max software system that pushes the nose of the aircraft down if it senses an imminent stall. That software, triggered by erroneous data from AOA sensors, is believed to have played a role in crashes of Lion Air and Ethiopian Airlines jets. Former Boeing engineers and aviation analysts interviewed by CNN have criticized Boeing’s original software design for relying on data from a single AOA sensor, claiming that those devices are vulnerable to defects.

FAA data analyzed by CNN supports that assessment. The FAA has received at least 216 reports of AOA sensors failing or having to be repaired, replaced or adjusted since 2004, according to data from the FAA’s Service Difficulty Reporting website. [..] In one 2011 case, the flight crew on a Boeing 737-800 reported that the “angle of attack and airspeed failed” and declared an emergency. An AOA sensor was then replaced. The FAA also issued two directives for various Boeing aircraft models before the 737 MAX was released, indicating that Boeing was aware of the potential for the sensors to cause problems in its planes. A 2013 directive mandated inspections of certain AOA sensors to prevent possible problems that included “obstacles after takeoff, or reduced controllability of the airplane.”

Another FAA directive published in 2016 warned that AOA sensors on Boeing MD-90-30 airplanes needed to be modified and tested to address “the unsafe condition on these products.” While those directives did not involve the 737 Max, Peter Goelz, a former managing director of the National Transportation Safety Board (NTSB) and a CNN aviation analyst, said AOA sensors fundamentally work the same on different aircraft models. “This is a fairly simple external device that can get damaged on a regular basis,” Goelz said. “That’s important because Boeing made the decision to rely on them as single sources for streams of data.”

In a statement to CNN, a Boeing spokesperson said the 737 Max and its stall-prevention system, called MCAS, were certified in accordance with all FAA requirements, and that Boeing’s analysis for the plane determined that in the event of erroneous inputs from an AOA sensor, pilots would be able to maintain control of the plane by following established procedures. “Single sources of data are considered acceptable in such cases by our industry,” the Boeing spokesperson said.

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Unbelievable. Might as well end the EPA too. There is only one way to deal with GMO and the poisons that keep them alive: precautionary principle.

• US Environment Agency Says Glyphosate Is Not A Carcinogen (R.)

The U.S. Environmental Protection Agency (EPA) said on Tuesday that glyphosate, a chemical in many popular weed killers, is not a carcinogen, contradicting decisions by U.S. juries that found it caused cancer in people. The EPA’s announcement reaffirms its earlier findings about the safety of glyphosate, the key ingredient in Bayer’s Roundup. The company faces thousands of lawsuits from Roundup users who allege it caused their cancer. “EPA continues to find that there are no risks to public health when glyphosate is used in accordance with its current label and that glyphosate is not a carcinogen,” the agency said in a statement.


Farmers spray glyphosate, the most widely used herbicide in U.S. agriculture, on fields of soybeans and other crops. Roundup is also used on lawns, golf courses and elsewhere. The EPA did previously find ecological risks from the chemical and has proposed new measures to protect the environment from glyphosate use by farmers and to reduce the problem of weeds becoming resistant to it. Bayer said it was pleased the EPA and other regulators who have assessed the science on glyphosate for more than 40 years continue to conclude it is not carcinogenic. “Bayer firmly believes that the science supports the safety of glyphosate-based herbicides,” it said in a statement. The company has repeatedly denied allegations that glyphosate and Roundup cause cancer.

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