Wednesday, February 15, 2023

Where Is This "Climate Crisis" That Activists Keep Talking About?

 If you are old enough to remember about the weather and climate warnings over a few decades then you know that Global Warming is little more than a cult.

Climate change hysteria has been an ongoing point of social contention since at least the 1980s.  For the past 40 years, western countries have been relentlessly bombarded with global warming propaganda and predictions of an environmental cataclysm.  Many people spent their formative childhoods and school years being indoctrinated with tales of oblivion - A world in which the oceans rise hundreds of feet and land masses are swallowed by the waves.  A world in which exponentially rising temperatures create havoc with the weather as millions die from hurricanes, tornadoes, flooding and drought.  

As many of us now know, all of these claims ended up being false.  The glaciers and polar ice caps never melted.  The land is not covered by the seas.  The only famine today is a result of economic disaster, not climate disaster.  And, most endangered species have not disappeared from the planet.  But, climate scientists chasing billions of dollars in funding from governments and globalist think tanks still say the weather Apocalypse is coming; they were wrong for 40 years, but we should trust them now.  The "debate is over" they say, and we must defer to the "experts."

But where is the evidence of this climate crisis that these well funded scientists and activists keep talking about?  Where are the weather effects?  One can see the very tangible results of our ongoing economic crisis; inflation and high prices, floundering consumers relying on credit cards, mass layoffs in the tech industry spreading to other sectors, etc.  People are experiencing the downturn and they can witness the consequences for themselves.  If the climate cult wants people to take them seriously, they will have to show some kind of visible proof that global warming is real and a legitimate threat.  

The problem is, they have no proof, and so they are forced to dishonestly connect every single bad weather event to "climate change" as a means to frighten the public.  Let's look at the real weather data and see if supposedly dangerous man-made carbon emissions are somehow contributing to weather calamity.  

The US is often cited as a primary carbon polluter (even though nations like China produce 30% of global carbon emissions while the US produces only 14%).  Let's look at a track record of US weather data and see if we can find signs of impending disaster.  If the problem is global, then it should certainly be visible in US weather as much as any other country.  

How about hurricanes?  Every time a hurricane hits the Gulf Coast the mainstream media rants about climate change as the cause.  But has there been a significant increase in hurricanes in the US?  No, there has not according to long term data.  Storms are forming at a rate consistent with the historic record

   

What about major flooding events?  Has there been more downpours and raging rivers?  No, there has not.  Flooding events are not happening at a greater frequency or severity today than they have in past decades.  Even climate scientists are forced to admit that US and global flood damage has been in decline for decades.  Data of damage as a proportion of GDP shows this.

Does this mean we are facing increasing drought conditions?  Surely, global warming is causing significant damage through loss of rainfall?  Nope, that's not happening either.  The worst droughts in recent US history occurred in the 1930s and 1950s

Maybe we can see a noticeable shift in tornadoes and sever weather inland?  Are there more deadly tornadoes today than decades ago?  No, there are not.  In fact, dangerous tornadoes have been declining.  

Climate change hysteria often relies on the theory of temperature "tipping points" as a basis for their arguments.  Official temp data only goes back to the 1880s, giving us a tiny window to view climate and compare data from today with the data from the past.  According to the NOAA, global temps have risen less than 1°C in 100 years.  They assert that it only takes a 1.5°C increase to trigger a "tipping point" event that could destroy the Earth as we know it.  There is no evidence to support tipping point theory, nor is there a historic precedent.  Certainly there is no evidence in the weather, and skeptics are having a difficult time finding any indications that a catastrophe is on the horizon.

If anything, the data proves that man-made carbon emissions have no effect on weather events.  So, if we are on the verge of global warming annihilation, it's not because human industry caused it.  

The truth is, climate change has become a religious ideology, an extension of Earth worship based on faith rather than facts.  And like every religion, the climate cult needs an Apocalypse mythology, an end of the world image to keep the flock in line.  Every decade they conjure up new tales of inevitable destruction unless we follow their rules and bow to their whims.  It is a sad attempt to co-opt science as a tool for zealotry. 

Tuesday, February 14, 2023

How the West brought economic disaster on itself (Video - 38’)

   A very clear interview to highlight the economic suicide of Europe. 

   Europe simply does not have the strength to fight both Russia and the Energy war. 


 

French Historian: World War III Has Already Begun

  Emmanuel Todd is a brilliant and well respected historian in France and what he is saying is obvious: The war in Ukraine although still a proxy war is already without doubt a world war. 

  The Ukrainian army will be crushed before the Summer and in any case incapable to use effectively the new tanks and likely fighter jets that will arrive around that time. This means NATO crews and pilots on the ground... 

Authored by Paul Joseph Watson via Summit News.,

A French historian who accurately predicted the fall of the Soviet Union over a decade in advance says that World War III has already begun as a result of the conflict in Ukraine.

The comments were made by Emmanuel Todd, one of France’s leading intellectuals, during an interview with the Le Figaro newspaper.

“It is evident that the conflict, initially a limited territorial war, has evolved into a global economic confrontation between the whole West on one side, and Russia, backed by China, on the other. It has become a world war,” Todd said.

Todd added that “the resistance of the Russian economy is pushing the U.S. imperial system toward the abyss” and that Biden must “hurry” to rescue a “fragile” America.

According to the historian, U.S. control of the world financial system is at risk because the Russian economy’s resistance to sanctions is pushing “the American imperial system” toward the precipice,” with Russia still able to rely on China for monetary backing.

Todd says America “cannot withdraw from the conflict, they cannot let go,” because it has no exit strategy and the stakes are too high.

“This is why we are now in an endless war, in a confrontation whose outcome must be the collapse of one or the other,” said the intellectual.

Todd is a widely respected figure, having accurately predicted the collapse of the Soviet Union 14 years before it happened.

As we highlighted last month, the head of the Russian Orthodox Church cautioned that any attempt to “destroy Russia” by “madmen” trying to impose their values will lead to “the end of the world.”

“We pray to the Lord so that he enlightens those madmen and helps them understand that any desire to destroy Russia will mean the end of the world,” said Patriarch Kirill.

Elon Musk also recently warned that “most are oblivious to the danger” of a new global conflict.

Donald Trump also recently cautioned, “We’re on the brink of World War 3,” and in a campaign video last week asserted, “If I were president, the Russia Ukraine war would never have happened … never in a million years.”

Monday, February 13, 2023

Is The Red Scare Going Blue? Why Are Democrats Suddenly Defending McCarthyism?

  Our 4th turning crisis is accelerating fast. I expect the fireworks to start in late Spring, early Summer... 

 Whatever is left of democracy in 2024...

Authored by Jonathan Turley,

Below is my column in the New York Post on the growing attacks on those who are challenging the alleged abuses by the FBI and the censorship system on social media.

Here is the column:

“The Democratic Party [is] the bedfellow of international communism.”

Those words from Sen. Joe McCarthy captured the gist of the Red Scare and the use of blacklists and personal attacks to silence critics. The Democrats this week appear to have taken up the same cudgel in labeling opponents and critics Russian sympathizers and fellow travelers in opposing government involvement in a massive censorship system.

The Red Scare is back and it is going blue.

I testified this week in Congress on the Twitter Files and how they suggest what I have called “censorship by surrogate” or proxy.

The files show dozens of FBI and government employees actively seeking the censorship of citizens and others for their viewpoints. In my testimony, I warned that this was reminiscent of the McCarthy period where the FBI played a role in the establishment of blacklists for socialists, communists, and others. I encouraged Congress not to repeat its failures from the 1950s by turning a blind eye to such abuse.

This view was amplified by former Rep. Tulsi Gabbard, who became persona non grata for her anti-war sentiments in Congress. She was later labeled a “Russian asset” by Hillary Clinton, who has refused to support that scurrilous claim against a former member.

For years, the Democrats pushed a Russian collusion theory that collapsed. It was later disclosed that the Clinton campaign hid and then lied about funding the infamous Steele Dossier. Nevertheless, people like Carter Page were falsely accused of being Russian agents and critics of the investigation labeled as Russian apologists. Ironically, the FBI was warned that the dossier appeared to be the result of Russian disinformation and relied on a presumed Russian agent.

If anything, my warning of McCarthy-like attacks and measures seemed to be taken more as a suggestion than an admonition by some.

Soon after the end of the hearing, MSNBC contributor and former Sen. Claire McCaskill appeared on MSNBC to denounce the member witnesses (Sen. Chuck Grassley, Sen. Ron Johnson, and former Rep. Gabbard) as “Putin apologists” and Putin lovers.

She exclaimed, “I mean, look at this, I mean, all three of those politicians are Putin apologists. I mean, Tulsi Gabbard loves Putin.” (For the record, she also attacked me as not being “a real lawyer.”)

What was most striking is the level of attacks on those seeking an investigation into possible FBI abuses. The Democratic Party was once the greatest defender of free speech, the greatest critic of corporate power, and the greatest skeptic of the FBI. It is now opposing the investigation into the FBI’s involvement in a massive corporate-run censorship system.

In the 1950s, it was easy for politicians to avoid discussing underlying views by just labeling their opponents as fellow travelers. We are watching the same use of personal attacks today as a way to evade the troubling disclosures in the Twitter Files.

While some like McCaskill yell “Russians!” others use more modern labels, such as “conspiracy theorists.” That notably includes the FBI itself.

When criticized for the role FBI agents played in secretly targeting citizens for censorship, the FBI called critics “conspiracy theorists . . . feeding the American public misinformation.” It is something that you might expect from a pundit or politician. It is far more menacing when this attack comes from the country’s largest law enforcement agency.

Where the Hoover FBI would call dissenters “Communist sympathizers,” the Wray FBI labels them “conspiracy theorists.”

Alternatively, various Democrats portrayed anyone criticizing Twitter for censorship as supporting insurrections against the government. Member after member suggested that seeking to investigate the government’s role in censorship was to invite or even welcome another Jan. 6.

Thus, when Thomas Baker, a former FBI agent, testified on his extensive writings about changes in the FBI, he was attacked by freshman Congressman Dan Goldman (D-NY) who asked him if he had any experience investigating extremist groups. He didn’t get the answer he hoped for. When Baker responded, “Yes,” and tried to explain his prior experience, Goldman immediately cut him off and accused him of trying to sell a book.

For my part, I got off light. I was not accused of being a Russian mole or fellow traveler of insurrectionists. After responding to a question on the specific content of the files (released and confirmed by Twitter itself), Rep. Debbie Wasserman Schultz (D-Fla.), denounced me for offering “legal opinions” without actually working at Twitter. It is like saying that a witness should not discuss the content of Pentagon Papers unless one worked at the Pentagon. (By the way, the content of the Pentagon papers as well as the Twitter Files are facts. The implication of those facts are opinions. I was asked about both the factual content of the files and their constitutional implications).

It is all tragically familiar. The effort this week was to attack witnesses rather than address what appears to be the largest censorship system in the history of this country. It is, of course, ironic that those seeking to check such government-supported censorship are the ones being called Putin lovers. Putin loves censorship and likely stands in awe at the success of the left in using the FBI and corporations to regulate speech on social media.

Putin and other authoritarian countries have long feared the Internet and social media. They have struggled to gain the very level of censorship carried out by Twitter and other executives with the support of politicians and pundits.

We now know that members like Rep. Adam Schiff (D-Calif.) secretly sought censorship of critics, including a columnist. Their success would make Putin blush.

However, Democrats have insisted that freedom is tyranny.

Columnist and former Clinton Labor Secretary Robert Reich went full Orwellian when he previously dismissed calls for free speech in social media and warned that censorship is “necessary to protect American democracy.”

He then added bizarrely of uncensored social media: “That’s Musk’s dream. And Trump’s. And Putin’s. And the dream of every dictator, strongman, demagogue and modern-day robber baron on Earth. For the rest of us, it would be a brave new nightmare.”

Indeed, it is a nightmare, but a familiar one.

With tanks on the way, Nato is inching toward full-scale war with Russia

  As Russia is massing an overwhelming force at the border with Ukraine, the tone in the West is becoming more ominous. Are we on the verge of "no return" decisions? 

Ukrainian President Volodymyr Zelenskyy, center, welcomes European Council President Charles Michel, left, and European Commission President Ursula von der Leyen in Kyiv on 3 February, 2023 (AP)

[First published by Middle East Eye]

Almost as soon as major Nato countries, led by the US, promised to supply Ukraine with battle tanks, the cry went up warning that tanks alone would be unlikely to turn the war’s tide against Russia

The subtext – the one western leaders hope their publics will not notice – is that Ukraine is struggling to hold the line as Russia builds up its troop numbers and pounds Ukrainian defences. 

A permanent partition of Ukraine into two opposed blocs – one more pro-Russian, the other more pro-Nato – is looking ever more likely.

Ukraine’s president, Volodymyr Zelensky, has not been shy in telling the West what he expects next: fighter jets, especially US-made F16s.

Kyiv is keen to break what western media have termed a “taboo” by getting Nato aircraft directly involved in the Ukraine war. There is a good reason for that taboo: the use of such jets would let Ukraine expand the battlefield into Russian skies, and implicate Europe and the US in its offensive. 

But why assume the West’s taboo on supplying combat jets is really any stronger than its former taboo on sending Nato battle tanks to Ukraine? As one European official observed in a Politico article: “Fighters are completely unconceivable today, but we might have this discussion in two, three weeks.” 

And sure enough, within days, Zelensky’s office said there had been “positive signals” from Poland about supplying Ukraine with F16s. French President Emmanuel Macron also refused to rule out the possibility of contributing combat jets. 

Upping the stakes

There is a logic to how Nato is operating. Step by step, it gets more deeply immersed in the war. It started with sanctions, followed by the supply of defensive arms. Nato then moved to issuing more offensive weapons, in aid so far totalling some $100bn from the US alone. Nato is now supplying the main weapons for a land war. Why should it not join the battle for air supremacy next?

Or as Nato’s head, Jens Stoltenberg, recently observed, echoing George Orwell’s dystopian novel 1984: “Weapons are the way to peace.” 

But the reverse is more likely to be true. With each additional step they take, the more the parties involved risk losing if they back down. The longer they refuse to sit and talk, the greater the pressure to keep fighting. 

That no longer applies just to Russia and Ukraine. Now, Europe and Washington also have plenty of skin directly in the game.

Late last month, in what sounded like a Freudian slip, Germany’s foreign minister, Anna Baerbock, stated at a Council of Europe meeting in Strasbourg: “We are fighting a war against Russia.” Days earlier, Ukraine’s defence minister made much the same point: “We [Ukraine] are carrying out Nato’s mission today, without the loss of their blood.”

According to many analysts, a few dozen Nato tanks are unlikely to be a game changer. And if as seems likely, Russia is able to disable them through drone strikes, the US and its junior partners will face a stark choice: accept humiliation at Moscow’s hands and abandon Ukraine to its fate, or up the ante and move the battle to the skies over Ukraine and Russia. 

Where this risks leading was underscored by international scientists last month. They warned that the Doomsday Clock had moved to 90 seconds to midnight, the nearest point humankind has come to global catastrophe since the clock was established in 1947. The primary reason, according to the Bulletin of Atomic Scientists, is the threat of the war in Ukraine leading to a nuclear exchange. 

Unexpectedly, the only prominent dissent from western leaders has come from Donald Trump, the former US president. He wrote on social media: “FIRST COME THE TANKS, THEN COME THE NUKES. Get this crazy war ended, NOW.” 

Rejecting 'humiliation'

The cause for alarm, again unacknowledged by western leaders and western media, is that Russia has very strong reasons – from its perspective – to believe its current struggle is existential. It was never going to allow Ukraine to become a forward military base for Nato on its doorstep, with the fear that western nuclear missiles might be stationed there. 

New tidbits of information that emerge of what has been going on behind the scenes tend to reinforce Russia’s narrative, not Nato’s. This week former Israeli prime minister Naftali Bennett said mediation efforts between Moscow and Kyiv he had led at the start of the war, ones apparently making progress, were “blocked” by the US and its Nato allies.

The more weapons the US and Europe send to Ukraine, and the more they refuse to pursue talks, the more Moscow will be convinced it was right to fight and must keep fighting. Ignoring that fact, as the West did in the build-up to Russia’s invasion and continues to do now, does not make it any less true.

Even Boris Johnson, Britain’s former prime minister who has every reason to paint himself in a flattering light in relation to Ukraine, last week implicitly undermined the claim that Nato did nothing to provoke Russia. Recollecting a conversation with Vladimir Putin shortly before the invasion, he framed it in terms of the Russian president’s concerns about Nato expansion. 

Johnson told a BBC documentary: “[Putin] said, ‘Boris, you say that Ukraine is not going to join Nato anytime soon… What is anytime soon?’ And I said, ‘Well it’s not going to join Nato for the foreseeable future.’” 

Coverage of the exchange has been dominated by Johnson’s suggestion that Putin threatened him with a missile strike – a claim Russia denies. Instead, a Downing Street readout from the time of that conversation only confirms that Johnson did “underscore” Ukraine’s right to membership. 

But in any case, one has to wonder why Moscow would believe Johnson’s evasive, half-hearted assurances on Nato expansion - especially following more than a decade of broken promises by Nato, as well as covert operations on the ground that moved Kyiv away from neutrality towards becoming a member by stealth. 

And that is not even to highlight credible reports that Johnson, presumably acting on behalf of Washington, scuppered efforts towards a peace deal between Ukraine and Russia in the early stages of the war. 

In a similar vein, Ben Wallace, Britain’s defence secretary, said in the same BBC documentary that at the end of a meeting with Russia’s military head, Valery Gerasimov, the general told him: “Never again will we be humiliated.” 

It is hard to see how what happened before the invasion or since – from Nato creeping ever nearer to Russia’s border, to its fighting an undeclared proxy war in Ukraine officially designed to “weaken” Russia – has not been intended precisely to humiliate Moscow.

Business booming

The West’s original justification for arming Ukraine was supposedly to support Kyiv’s struggle for sovereignty. But paradoxically, the more Nato, or more precisely the US, becomes the arbiter of what Ukraine needs, the less sovereignty Ukraine enjoys – including the right to decide when it most makes sense to sue for peace.

The New York Times reported matter-of-factly last November that western militaries, especially the US, increasingly view Ukraine as a testing ground for new military technologies. 

According to the Times, Ukraine has been serving as a laboratory for “state-of-the-art weapons and information systems, and new ways to use them, that Western political officials and military commanders predict could shape warfare for generations to come”. These tests are viewed as vital to preparing for a future confrontation with China. 

An increasingly pertinent question is: who in western capitals now has an interest in the war actually ending?

Ukraine’s subservience to the US – its loss of sovereignty – was underscored last month when Zelensky appealed to major US corporations to seize business opportunities in Ukraine, “from weapons and defence to construction, from communications to agriculture, from transport to IT, from banks to medicine”. 

While declaring that “freedom must always win”, Zelensky noted that US financial giants BlackRock, JPMorgan and Goldman Sachs were already doing deals for Ukraine’s reconstruction. A cynic might wonder whether Ukraine’s destruction is becoming a feature, more than a bug, of this war.  

But Ukraine is not the only major player losing control of events. The more Russia is forced to see its fight in Ukraine in existential terms, as Nato weapons and money pour in, the more European leaders should be concerned about existential dangers ahead – and not just because the threat of nuclear war looms ever larger on Europe’s doorstep.

The type of western, especially US, provocations that triggered Russia’s invasion of Ukraine are simmering just below the surface in relation to China – a region Nato now perversely treats as within its “North Atlantic” mission. The Ukraine war looks like it may serve as a prelude to, or dry run for, a confrontation with China. 

Worried that fallout from the Ukraine war will suck them in, European states are putting in larger orders than ever for weaponry – much of it from the US, where business is booming for arms manufacturers. “This is certainly the biggest increase in defence spending in Europe since the end of the Cold War,” Ian Bond, director of foreign policy at the Centre for European Reform, told Yahoo News late last year. 

Meanwhile, Europe’s biggest source of energy supplies, from Russia, has been cut off – quite literally in the case of mysterious explosions that blew up the Russian pipelines supplying gas to Germany. Now Europe has had to turn to the US – which declared itself officially “gratified” by the explosions – for far more expensive shipments of liquified natural gas.

And with European industries stripped of cheap energy supplies, they now have every incentive to relocate outside Europe, not least to the US. Warnings of Germany’s imminent deindustrialisation are to be found everywhere. 

US primacy

The Biden administration cajoled Berlin into supplying tanks. But now, with German armour about to rumble towards Russia for the first time since Nazi forces slaughtered millions of Soviet soldiers eight decades ago, relations between the two are certain to fracture even more deeply. 

The European peace dividend, touted so loudly through the 1990s, has evaporated. Everything US and European leaders have done over the past 15 years, and since Russia’s invasion, looks as though it was, and is, designed to scupper any hopes of a regional security framework capable of embracing Russia. The goal has been to keep Moscow excluded, inferior and embittered. For that reason, the current war looks more like the culmination of post-Cold War planning – again a feature, not a bug.

The return of a geopolitical siege mentality will serve the same purpose as demands for austerity and belt-tightening have done: it will justify the redistribution of wealth from western populations to their ruling elites. 

Writing back in 2015, seven years before the invasion, it was already clear to British scholar Richard Sakwa that a US-dominated Nato was using Ukraine as a way to deepen, rather than resolve, tensions between Europe and Russia. “Instead of a vision embracing the whole continent, [the European Union] has become little more than the civilian wing of the Atlantic security alliance,” he wrote.

Or as one writer summed up one of Sakwa’s key conclusions: “The prospect of greater European independence worried key decision-makers in Washington, and Nato’s role has been, in part, to maintain US primacy over Europe’s foreign policy.”

That cynical approach was encapsulated in a pithy comment from Victoria Nuland – Washington’s perennial meddler in Ukrainian politics – during a secretly recorded conversation with the US ambassador to Kyiv. Shortly before US-backed protests would oust Ukraine’s Russia-sympathising president, she declared: “F*ck the EU!"

Washington’s fear was, and is, that a Europe not entirely dependent militarily and economically on the US – especially the industrial powerhouse of Germany – might stray from a commitment to a unipolar world in which the US reigns supreme. 

With European autonomy now sufficiently weakened, Washington appears more confident that it can rally its Nato allies, once Russia is isolated, for another great-power engagement against China. 

As the war grinds on, it is not just Ukraine, but Europe that will pay a heavy price for Washington’s hubris.

"Welcome To The Endgame" - Rubino Warns "Everyone's About To Realize There's No Fix For This"

  If you are not hypnotized by the current UFO / balloon mania, you will quickly realize that all is not well under the sun. Deficits are also ballooning faster than China can inflate balloons as tensions get hotter day by day. The two are unfortunately not unrelated.  

  Let's hope the coming conflict will not be nuclear although I do not see how this is avoidable since the outcome will quickly become existential for all the participants.

By Greg Hunter’s USWatchdog.com,

Analyst and financial writer John Rubino says we are in a “debt and death spiral” that will force dramatic changes on the world. 

Rubino explains, “The debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die..."

"  In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero. That manifests to hyperinflation.  The value of the currency falls as opposed to the things you buy with it...

Things feel basically okay for a long time as long as governments could force interest rates down to really low levels.  The side effects of that are massive money creation and, eventually, inflation.  That’s what we are dealing with now.  So, here we go.  Welcome to the end game for the world’s big currencies.

Rubino contends things have gotten so out of control that there is no stopping what is coming.  Rubino says, “We are in the part of the cycle now where things just get worse, and there is nothing we can do about it..."

"  You are going to see companies that have borrowed huge amounts of money to buy back their stock, and now they see their interest costs explode.  Governments around the world have the same problem, and there is nothing central banks can do about this.  The next stage of this is when everybody realizes that there is no fix.  Daddy is not going to come home and take care of all of this, and there is no adult supervision. 

The financial markets are basically on their own with so much debt that there is nothing left to do.  You either have mass bankruptcies or inflate away the currencies of the world, and we’re there—finally.  2023 is going to be an amazing year... and we make the decision about what kind of a crisis we fall into. 

We have a 1930’s style deflationary depression, which is what happens if we keep raising interest rates.  Or, a Weimar Germany kind of hyperinflation, which is what happens if we try to inflate our way out of our current debt problems. And that’s it.  This is not something on the distant horizon anymore.  It’s something right here staring us in the face.”

Rubino talks about the threat of global nuclear war and contends our extreme financial problems will seem timid if the nukes fly. 

In the nuclear war scenario, the global population could get cut in half with “radiation and starvation.” 

Rubino also talks about ways to be more resilient, and that starts with shedding as much debt as you can.  It also includes food, water, cash, defensive investments and precious metals.

Rubino thinks the economy is so weak, with so many different financial bubbles, that one bubble pop could bring the entire system down rapidly.  Rubino says look out for big European banks to go insolvent as a warning sign of trouble if the trillion-dollar derivative complex blows up.

 

The New Normal: Death Spirals And Speculative Frenzies

  Another way to put it nicely: "It does not mater how fast you run if you boarded the wrong train!" And unfortunately, we are all aboard the wrong train. Central Banks will soon inflate the money supply into irrelevance. This is unavoidable. It has happened countless times in the past and this time will not, cannot be different. It is not a curse, just the fact that once you go down the slippery slope of easy money, the end game is always the same. Dollars, Pesos and Denarius make no difference. 

 From Nixon's 1971 "temporary" end of convertibility to Reagan's 1981 "Good Morning America!" Reaganomics pile of debt, wars and empire have brought bankruptcy closer than ever. That, more than anything is the real reason behind the current world tensions. We'll be lucky if this house of cards stands until 2024...      

Authored by Charles Hugh Smith via OfTwoMinds blog,

There is an element of inevitability in play, but it isn't about central bank bailouts, it's about Death Spirals and the collapse of unsustainable systems.

The vapid discussions about "soft" or "hard" landings for the economy are akin to asking if the Titanic's encounter with the iceberg was "soft" or "hard:" either way, the ship was doomed, just as the global economy is doomed by The New Normal of Death Spirals and Speculative Frenzies.

Death Spirals are the inevitable result of entrenched interests clinging on to the status quo and thwarting any adaptation or evolution that might threaten or diminish their share of the swag--and that includes any real change because any consequential modification has the potential to upset the gravy train.

The status quo "solution" is to borrow and blow whatever sums are needed to satisfy every entrenched interest. Filling the federal slop-trough for all the hogs now requires borrowing a staggering $1.4 trillion every year, and billions more in municipal, county and state bonds (borrowing money via selling bonds) on the local level.

This borrow and blow strategy avoids any uncomfortable discipline and difficult trade-offs: everybody gets everything they demand.

This strategy looks "unsinkable" until the iceberg looms dead ahead. History suggests that fiscal and political discipline is eventually imposed by the real world in one fashion or another when diminishing returns enter a Death Spiral.

Any limit on debt is of course "impossible," just as it was "impossible" for the Titanic to sink. But history is rather implacable in this regard. The self-serving hubris of "impossible" limits on largesse tend to collapse on contact with currency devaluation, structural inflation or a systemic crisis of legitimacy that sweeps away the entire worm-eaten facade of stability.

In other words, the entrenched interests benefitting from the status quo will continue to do what worked in the past until it all implodes. The pain of discipline and modest sacrifices is too great to bear, so let's collapse the entire system.

Autocracies excel at Death Spirals because they eliminate dissent, transparency and competing nodes of power. Nobody's left to push back on disastrous policy decisions, so autocratic regimes race toward the iceberg at full speed.

Rather than invest in real long-term solutions, everyone is in the casino, buying options that expire in a few hours. Rather than invest for an entire quarter--whew, three whole months!--speculators now consider a week an unbearably long time to hold a trade.

Speculative frenzies create their own Death Spirals, as gamblers front-run the "guaranteed" bailout of speculators by central banks. This is the consequence of moral hazard being elevated to "guaranteed": there is no need to actually wait for the inevitable central bank bailout of bets gone bad, we can place bets before the bailout because we know it's as assured as the sun rising tomorrow morning.

Nice, except central banks and bailouts also reach diminishing returns and enter Death Spirals. Doing more of what's failed seems to work once, then twice, if you give it enough juice, but the third time is iffy and the fourth time collapses the speculative casino that the status quo was trying to save.

No one who benefits from the Moral Hazard Casino Economy believes it's no longer sustainable. All the gamblers, big and small, are confident the Federal Reserve and other central banks can cover any losses and make good whatever befalls the casino. The hubris of the punters, big and small, is essentially infinite.

I'll get out before the house of cards collapses, everyone tells themselves. In the meantime, I'm going to front-run the inevitable bailout of this speculative frenzy.

There is an element of inevitability in play, but it isn't about central bank bailouts, it's about Death Spirals and the collapse of unsustainable systems. Death Spirals and speculative frenzies have now been completely normalized. We can't imagine any other way to operate. But this New Normal won't last as long as punters believe. Doing more of what worked in the past is only accelerating the casino's demise.

Sunday, February 12, 2023

This is HORRIBLE by Clayton Morris (Video - 22')

  What is happening in Ukraine is criminal and NATO is complicit. 

  It is hard at this stage to envision that the war will not slide into something more terrible.


 

Saturday, February 11, 2023

Whitney: Setting The Record Straight - Stuff You Should Know About Ukraine

 

  We live in a time of lies and propaganda when telling the truth has become an act of dissidence. And still, here it is. A truth which has almost completely been obliterated in the West.

Authored by Mike Whitney,

On February 16, 2022, a full week before Putin sent combat troops into Ukraine, the Ukrainian Army began the heavy bombardment of the area (in east Ukraine) occupied by mainly ethnic Russians

Officials from the Observer Mission of the Organization for Security and Co-operation in Europe (OSCE) were located in the vicinity at the time and kept a record of the shelling as it took place. What the OSCE discovered was that the bombardment dramatically intensified as the week went on until it reached a peak on February 19, when a total of 2,026 artillery strikes were recorded. Keep in mind, the Ukrainian Army was, in fact, shelling civilian areas along the Line of Contact that were occupied by other Ukrainians.

We want to emphasize that the officials from the OSCE were operating in their professional capacity gathering first-hand evidence of shelling in the area. What their data shows is that Ukrainian Forces were bombing and killing their own people. This has all been documented and has not been challenged.

So, the question we must all ask ourselves is this: Is the bombardment and slaughter of one’s own people an ‘act of war’?



We think it is. And if we are right, then we must logically assume that the war began before the Russian invasion (which was launched a full week later) We must also assume that Russia’s alleged “unprovoked aggression” was not unprovoked at all but was the appropriate humanitarian response to the deliberate killing of civilians. In order to argue that the Russian invasion was ‘not provoked’, we would have to say that firing over 4,000 artillery shells into towns and neighborhoods where women and children live, is not a provocation? Who will defend that point of view?

No one, because it’s absurd. The killing of civilians in the Donbas was a clear provocation, a provocation that was aimed at goading Russia into a war. And –as we said earlier– the OSCE had monitors on the ground who provided full documentation of the shelling as it took place, which is as close to ironclad, eyewitness testimony as you’re going to get.

This, of course, is a major break with the “official narrative” which identifies Russia as the perpetrator of hostilities. But, as we’ve shown, that simply isn’t the case. The official narrative is wrong. Even so, it might not surprise you to know that most of the mainstream media completely omitted any coverage of the OSCE’s fact-finding activities in east Ukraine. The one exception to was Reuters that published a deliberately opaque account published on February 18 titled “Russia voices alarm over sharp increase of Donbass shelling”. Here’s an excerpt:

Russian Foreign Minister Sergei Lavrov voiced alarm on Friday over a sharp increase in shelling in eastern Ukraine and accused the OSCE special monitoring mission of glossing over what he said were Ukrainian violations of the peace process….

Washington and its allies have raised fears that the upsurge in violence in the Donbass could form part of a Russian pretext to invade Ukraine. Tensions are already high over a Russian military buildup to the north, east and south of Ukraine.

“We are very concerned by the reports of recent days – yesterday and the day before there was a sharp increase in shelling using weapons that are prohibited under the Minsk agreements,” Lavrov said, referring to peace accords aimed at ending the conflict. “So far we are seeing the special monitoring mission is doing its best to smooth over all questions that point to the blame of Ukraine’s armed forces,” he told a news conference.

Ukraine’s military on Friday denied violating the Minsk peace process and accused Moscow of waging an information war to say that Kyiv was shelling civilians, allegations it said were lies and designed to provoke it.” (Russia voices alarm over sharp increase of Donbass shelling, Reuters)

Notice the clever way that Reuters frames its coverage so that the claims of the Ukrainian military are given as much credibility as the claims of the Russian Foreign Minister. What Reuters fails to point out is that the OSCE’s report verifies Lavrov’s version of events while disproving the claims of the Ukrainians. It is the job of a journalist to make the distinction between fact and fiction but, once again, we see how agenda-driven news is not meant to inform but to mislead.

Quote: Larry C. Johnson, A Son of a New Revolution

The point we are trying to make is simple: The war in Ukraine was not launched by a tyrannical Russian leader (Putin) bent on rebuilding the Soviet Empire. That narrative is a fraud that was cobbled together by neocon spin-meisters trying to build public support for a war with Russia. The facts I am presenting here can be identified on a map where the actual explosions took place and were then recorded by officials whose job was to fulfill that very task. Can you see the difference between the two? In one case, the storyline rests on speculation, conjecture and psychobabble; while in the other, the storyline is linked to actual events that took place on the ground and were catalogued by trained professionals in the field. In which version of events do you have more confidence?

Bottom line: Russia did not start the war in Ukraine. That is a fake narrative. The responsibility lies with the Ukrainian Army and their leaders in Kiev.

And here’s something else that is typically excluded in the media’s selective coverage. Before Putin sent his tanks across the border into Ukraine, he invoked United Nations Article 51 which provides a legal justification for military intervention. Of course, the United States has done this numerous times to provide a fig leaf of legitimacy to its numerous military interventions. But, in this case, you can see where the so-called Responsibility To Protect (R2P) could actually be justified, after all, by most estimates, the Ukrainian army has killed over 14,000 ethnic Russians since the US-backed coup 8 years ago. If ever there was a situation in which a defensive military operation could be justified, this was it. But that still doesn’t fully explain why Putin invoked UN Article 51. For that, we turn to former weapons inspector Scott Ritter, who explained it like this:

Russian President Vladimir Putin, citing Article 51 as his authority, ordered what he called a 'special military operation'….
under Article 51, there can be no doubt as to the legitimacy of Russia’s contention that the Russian-speaking population of the Donbass had been subjected to a brutal eight-year-long bombardment that had killed thousands of people.… Moreover, Russia claims to have documentary proof that the Ukrainian Army was preparing for a massive military incursion into the Donbass which was pre-empted by the Russian-led 'special military operation.' [OSCE figures show an increase of government shelling of the area in the days before Russia moved in.]

..The bottom line is that Russia has set forth a cognizable claim under the doctrine of anticipatory collective self-defense, devised originally by the US and NATO, as it applies to Article 51 which is predicated on fact, not fiction.

While it might be in vogue for people, organizations, and governments in the West to embrace the knee-jerk conclusion that Russia’s military intervention constitutes a wanton violation of the United Nations Charter and, as such, constitutes an illegal war of aggression, the uncomfortable truth is that, of all the claims made regarding the legality of pre-emption under Article 51 of the United Nations Charter, Russia’s justification for invading Ukraine is on solid legal ground. (“Russia, Ukraine & the Law of War: Crime of Aggression”, Consortium News)

Here’s a bit more background from an article by foreign policy analyst Danial Kovalik:

One must begin this discussion by accepting the fact that there was already a war happening in Ukraine for the eight years preceding the Russian military incursion in February 2022. And, this war by the government in Kiev… claimed the lives of around 14,000 people, many of them children, and displaced around 1.5 million more … The government in Kiev, and especially its neo-Nazi battalions, carried out attacks against these peoples … precisely because of their ethnicity. ..

While the UN Charter prohibits unilateral acts of war, it also provides, in Article 51, that 'nothing in the present Charter shall impair the inherent right of individual or collective self-defense… ' And this right of self-defense has been interpreted to permit countries to respond, not only to actual armed attacks, but also to the threat of imminent attack.

In light of the above, it is my assessment.. that Russia had a right to act in its own self-defense by intervening in Ukraine, which had become a proxy of the US and NATO for an assault – not only on Russian ethnics within Ukraine – but also upon Russia itself. (“Why Russia’s intervention in Ukraine is legal under international law”, RT)

So, has anyone in the western media reported on the fact that Putin invoked UN Article 51 before he launched the Special Military Operation?

No, they haven’t, because to do so, would be an admission that Putin’s military operation complies with international law. Instead, the media continues to spread the fiction that ‘Hitler-Putin is trying to rebuild the Soviet empire’, a claim for which there is not a scintilla of evidence. Keep in mind, Putin’s operation does not involve the toppling of a foreign government to install a Moscow-backed stooge, or the arming and training a foreign military that will be used as proxies to fight a geopolitical rival, or the stuffing a country with state-of-the-art weaponry to achieve his own narrow strategic objectives, or perpetrating terrorist acts of industrial sabotage (Nord-Stream 2) to prevent the economic integration of Asia and Europe. No, Putin hasn’t engaged in any of these things. But Washington certainly has, because Washington isn’t constrained by international law. In Washington’s eyes, international law is merely an inconvenience that is dismissively shrugged off whenever unilateral action is required. But Putin is not nearly as cavalier about such matters, in fact, he has a long history of playing by the rules because he believes the rules help to strengthen everyone’s security. And, he’s right; they do.

And that’s why he invoked Article 51 before he sent the troops to help the people in the Donbas. He felt he had a moral obligation to lend them his assistance but wanted his actions to comply with international law. We think he achieved both.

Here’s something else you will never see in the western media. You’ll never see the actual text of Putin’s security demands that were made a full two months before the war broke out. And, the reason you won’t see them, is because his demands were legitimate, reasonable and necessary. All Putin wanted was basic assurances that NATO was not planning to put its bases, armies and missile sites on Russia’s border. In other words, he was doing the same thing that all responsible leaders do to defend the safety and security of their own people.

Here are a few critical excerpts from the text of Putin’s proposal to the US and NATO:

Article 1

The Parties shall cooperate on the basis of principles of indivisible, equal and undiminished security and to these ends:

shall not undertake actions nor participate in or support activities that affect the security of the other Party;
shall not implement security measures adopted by each Party individually or in the framework of an international organization, military alliance or coalition that could undermine core security interests of the other Party.

Article 3

The Parties shall not use the territories of other States with a view to preparing or carrying out an armed attack against the other Party or other actions affecting core security interests of the other Party.

Article 4

The United States of America shall undertake to prevent further eastward expansion of the North Atlantic Treaty Organization and deny accession to the Alliance to the States of the former Union of Soviet Socialist Republics.

The United States of America shall not establish military bases in the territory of the States of the former Union of Soviet Socialist Republics that are not members of the North Atlantic Treaty Organization, use their infrastructure for any military activities or develop bilateral military cooperation with them.

Article 5

The Parties shall refrain from deploying their armed forces and armaments, including in the framework of international organizations, military alliances or coalitions, in the areas where such deployment could be perceived by the other Party as a threat to its national security, with the exception of such deployment within the national territories of the Parties.

The Parties shall refrain from flying heavy bombers equipped for nuclear or non-nuclear armaments or deploying surface warships of any type, including in the framework of international organizations, military alliances or coalitions, in the areas outside national airspace and national territorial waters respectively, from where they can attack targets in the territory of the other Party.

The Parties shall maintain dialogue and cooperate to improve mechanisms to prevent dangerous military activities on and over the high seas, including agreeing on the maximum approach distance between warships and aircraft.

Article 6

The Parties shall undertake not to deploy ground-launched intermediate-range and shorter-range missiles outside their national territories, as well as in the areas of their national territories, from which such weapons can attack targets in the national territory of the other Party.

Article 7

The Parties shall refrain from deploying nuclear weapons outside their national territories and return such weapons already deployed outside their national territories at the time of the entry into force of the Treaty to their national territories. The Parties shall eliminate all existing infrastructure for deployment of nuclear weapons outside their national territories.

The Parties shall not train military and civilian personnel from non-nuclear countries to use nuclear weapons. The Parties shall not conduct exercises or training for general-purpose forces, that include scenarios involving the use of nuclear weapons.” (“To Make Sense of War”, Israel Shamir, Unz Review)

It doesn’t take a genius to figure out what Putin was worried about. He was worried about NATO expansion and, in particular, the emergence of a hostile military alliance backed by Washington-groomed Nazis occupying territory on his western flank. Was that unreasonable of him? Should he have embraced these US-backed Russophobes and allowed them to place their missiles on his border? Would that have been the prudent thing to do?

So, what can we deduce from Putin’s list of demands?

First, we can deduce that he is not trying to reconstruct the Soviet empire as the MSM relentlessly insists. The list focuses exclusively on security-related demands, nothing else.

Second, it proves that the war could have easily been avoided had Zelensky simply maintained the status quo and formally announced that Ukraine would remain neutral. In fact, Zelensky actually agreed to neutrality in negotiations with Moscow in March, but Washington prevented the Ukrainian president from going through with the deal which means that the Biden administration is largely responsible for the ongoing conflict. (RT published an article stating clearly that an agreement had been reached between Russia and Ukraine in March but the deal was intentionally scuttled by the US and UK. Washington wanted a war.)

Third, it shows that Putin is a reasonable leader whose demands should have been eagerly accepted. Was it unreasonable of Putin to ask that “The Parties shall refrain from deploying their armed forces and… military alliances.. in the areas where such deployment could be perceived by the other Party as a threat to its national security”? Was it unreasonable for him the ask that “The Parties shall eliminate all existing infrastructure for deployment of nuclear weapons outside their national territories”?

Where exactly are the “unreasonable demands” that Putin supposedly made?

There aren’t any. Putin made no demands that the US wouldn’t have made if ‘the shoe was on the other foot.’

Fourth, it proves that the war is not a struggle for Ukrainian liberation or democracy. That’s hogwash. It is a war that is aimed at “weakening” Russia and eventually removing Putin from power. Those are the overriding goals. What that means is that Ukrainian soldiers are not dying for their country, they are dying for an elitist dream to expand NATO, crush Russia, encircle China, and extend US hegemony for another century. Ukraine is merely the battlefield on which the Great Power struggle is being fought.

There are number points we are trying to make in this article:

1) Who started the war?
Answer– Ukraine started the war

2) Was the Russian invasion a violation of international law?
Answer– No, the Russian invasion should be approved under United Nations Article 51

3) Could the war have been avoided if Ukraine declared neutrality and met Putin’s reasonable demands?
Answer– Yes, the war could have been avoided

4) The last point deals with the Minsk Treaty and how the dishonesty of western leaders is going to effect the final settlement in Ukraine. I am convinced that neither Washington nor the NATO allies have any idea of how severely international relations have been decimated by the Minsk betrayal. In a world where legally binding agreements can be breezily discarded in the name of political expediency, the only way to settle disputes is through brute force. Did anyone in Germany, France or Washington think about this before they acted? (But, first, some background on Minsk.)

The aim of the Minsk agreement was to end the fighting between the Ukrainian army and ethnic Russians in the Donbas region of Ukraine. It was the responsibility of the four participants in the treaty– Germany, France, Russia and Ukraine– to ensure that both sides followed the terms of the deal. But in December, former German Chancellor Angela Merkel said in an interview with a German magazine, that there was never any intention of implementing the deal, instead, the plan was to use the time to make Ukraine stronger in order to prepare for a war with Russia. So, clearly, from the very beginning, the United States intended to provoke a war with Russia.

On September 5, 2014, Germany, France, Ukraine and Russia all signed Minsk, but the treaty failed and the fighting resumed. On February 12, 2015, Minsk 2 was signed, but that failed, as well. Please, watch this short segment on You Tube by Amit Sengupta who gives a brief rundown of Minsk and its implications: (I transcribed the piece myself and any mistakes are mine.)

(11:40 minute) “In 2015, Germany and France were supposed to play a neutral role.They were supposed to make Ukraine and Russia follow the rules. But they didn’t do that, and the reason they didn’t do that is what Angela Merkel revealed in her interview on December 7. Merkel said, “The 2014 Minsk agreement was an attempt to give time to Ukraine. It also gave time to become stronger as can be seen today. The Ukraine of 2014 and 2015 is not the modern Ukraine.” 

Basically, all three partners of the Minsk Agreement lied and betrayed Russia. Even Putin said, “One day Russia will have to reach an agreement with Ukraine, but Germany and France betrayed Russia, and now they are helping Ukraine with weapons.”… It is a shame that western political leaders engage in negotiations that they do not intend to honor or enforce…(Ukrainian President Petro Poroshenko has admitted the same as Merkel and Hollande)….Now even Putin has acknowledged that it was a mistake to agree to the Minsk Accords

He even said that the Donbas problem should have been resolved by force-of-arms at the time. (2015) Russia waited 8 years to recognize Donbas’s independence, and then launched a full-scale attack this year. But then Putin was under the impression that the Minsk Accords–guaranteed by Germany and France and endorsed unanimously by the UN Security Council including the United States– would resolve the crisis and would give the Donbas autonomy while remaining part of Ukraine. Germany and France were supposed to make sure the Minsk accords were implemented from 2015 to 2022. The collective west always knew that war was the only solution. They never wanted peace, they just played along in the name of Minsk agreement. So, you can see, it is a diplomatic “win” for the west……

France and Germany appeased Russia with the Minsk agreement and gave false hopes of a peaceful settlement. But, in reality, they were buying time for Ukraine to build its military. There was never a diplomatic solution; the collective west –which includes the United States, NATO, the European Union and the G-7– fooled Russia into believing there was a diplomatic solution to the Donbas conflict (but) instead, they were preparing Ukraine for a full-fledged war against Russia

So, either way, this war was meant to happen. There was never a diplomatic solution…. This is what Angela Merkel wanted to convey: “The Cold War never ended”. She was the German Chancellor when the coup took place in Ukraine in 2014 and the Minsk Accords were signed. Therefore her contribution to this duplicitous game along with Germany, France, Ukraine and US– has led to this war. And she very well knows it. But, either way, it is not going to end well for Germany or France whose economies have been badly hurt. Ukraine has been completely destroyed. It has become the Afghanistan of Europe. It is the western political leaders that are guilty of the murder of Ukraine.

As it has been since 2014, the Ukrainian government has been launching vicious military attacks against Russian-speaking Ukrainian civilians in the Donbas region. Thousands of Russian speaking civilians have been killed. Russia should have taken back the territory in 2014 along with Crimea. But, then, Russia fell into the trap of the western countries’ Minsk Agreement. … It is not Russia that started this war, it is the United States that started this war. Ukraine is just a pawn that is supported by the US and the other european governments. And, it is a pity that the Ukrainian government serves the interests of the United States and not the Ukrainian people.” (“Angela Merkel’s revelation about Minsk Agreements | Russia Ukraine war“, Amit Sengupta, You Tube)

There’s no way to overstate the importance of the Minsk betrayal or the impact it’s going to have on the final settlement in Ukraine. When trust is lost, nations can only ensure their security through brute force. What that means is that Russia must expand its perimeter as far as is necessary to ensure that it will remain beyond the enemy’s range of fire. (Putin, Lavrov and Medvedev have already indicated that they plan to do just that.) Second, the new perimeter must be permanently fortified with combat troops and lethal weaponry that are kept on hairtrigger alert. When treaties become vehicles for political opportunism, then nations must accept a permanent state of war. This is the world that Merkel, Hollande, Poroshenko and the US created by opting to use ‘the cornerstone of international relations’ (Treaties) to advance their own narrow warmongering objectives.

We just wonder if anyone in Washington realizes whet the fu** they’ve done?

Thursday, February 9, 2023

What Happened After the Protests in China? - The Dark Truth LEAKED (Video - 11')

  Most often with the news, you get the "news" when it's hot and then move on to something else. And so it is with the protests against the Covid restrictions in China. 

1 - Protests 

2 - Turn around from the Chinese Government 

3 - ???

  But was there even a "3"? Well, apparently, there was. ALL the people who protested were disappeared. Gone!

  And that is the real problem with the technological dystopia that China has become. They know who you are. They know where you are. They can therefore pinpoint the arrests and "disappear" the thousands of people involved without a wave. Welcome to the future! Tienanmen without blood. 

 


 

OpenAI o3 Might Just Break the Internet (Video - 8mn)

  A catchy tittle but in fact just a translation of the previous video without the jargon. In other words: AGI is here!