Thursday, August 14, 2025

Revisiting the 9/11 crime scene

   I am a great fan of Clayton Morris and his interesting podcasts on Redacted. 

   Here's a link to redacted on YouTube:  

https://www.youtube.com/@RedactedNews

  Unfortunately, he tends to be coming back again and again to the subject of UFO, forgetting that extraordinary claims require extraordinary proofs. And no, sorry, having "seen" or "heard about" stuff does not qualify. 

  And then there is 9/11 and on this subject, we do have actually all the proofs we need to understand that it was an internal job. We should talk more about it! 

  We know that building 7 was an internal demolition job. And so where the towers which fell like no other building in history. 3,600 architects have asked for a technical inquiry which was not done after the accident. 

  Likewise, over 1,000 pilots mostly from United have requested an inquiry to explain how exactly people without experience succeeded in doing what very experimented pilots could not do.      

  And here below, it is the turn of firemen to ask for an inquiry about the fires of 9/11. Why is it not essential to understand how low temperature jet fuel fires could melt and weaken steal beams in high rises? This has never happened in history before, but worse is impossible to replicate technically.

 https://www.youtube.com/watch?v=UFe1tZ35TAw

  In reality, beyond the towers, the planes and the fires, the oddities are too numerous to count.

  Any pilots knows that if you enter a restricted area, you'll get jets scrambled at you within a few minutes. Not on that day, though. 

  Likewise, what about the "rivers of melted steel" flowing in the basement hours after the fall?  Or the micro termite found in ALL samples of dust in New York City later on? 

  OR and that is the worst point by far, the fact that the towers were pulverized instead of falling and pancaking at the base of the towers as any other building? 

  So to recapitulate: There was enough energy to melt steel, pulverize the buildings all over New York over a few square kilometers, AND the steel beams bellow offered no resistance whatsoever. This is not how physics works.     

Wednesday, August 13, 2025

US Deficit Explodes In July Despite Jump In Tariff Revenue As Government Spending Soars

   The article below is behind a paywall but it is still interesting in what it doesn't say.

   Most of the news we get these days is either propaganda with the aim to flip perception one way or the other, or bubbling news, popping in and out of existence like virtual particles. This is in-between.  

   The Trump tariffs are a complex matter. The concept of tariff always looks promising to its proponents on paper but in the long term, history has proved they can backfire mightily.  

   The discussion between free traders and mercantilists has been with us for over 400 years with long term trends in one direction followed soon after by the opposite but the effects on the economy cannot be judged month by month. 

   As explained in earlier articles and as I have experiences many times during international price negotiations, the inertia of the system is huge. Most contracts are not discussed daily but yearly and prices are often decided according to complex mechanisms which are put in place to dampen currency and levy fluctuations. 

   In the short term, nothing happens. The suppliers and importers will just sit down to discuss who will pay the tariff. Usually, the importers have other options so they are in a very good position to ask for rebate which they often get. (which is why we'll see no inflation at first.) But this cannot last very long since suppliers will either go bankrupt or redirect their production if they can.  

   Since tariffs are global and affect many companies, the maximum elasticity on price is quickly reached and countries are obliged to take more drastic actions which consist in two parts; devaluation of their currency and protection of their domestic market which effectively counter the tariffs. 

   At this stage, the US will have the choice of either raising tariff further or closing the market. (Trump will chose the former.) As more devaluation becomes detrimental (it generates inflation especially if you import energy.) other countries will start applying tariffs on their own imports and the trade war starts.

  This is exactly what happened in the 1930s so that a few years after the 1929 recession and a weak recovery thereafter, the world quickly plunged in a depression and eventually war.

   It will not be the same this time. The world economy is much more complex and the entanglement of the global supply chain makes it both more flexible and brittle. But one thing is certain: Short term "results" of the tariffs are utterly meaningless. What is important is what we do not see. The negotiations behind closed doors and the decisions to switch suppliers and production elsewhere.   

  In other words, the world is changing fundamentally but we won't see it because the real transformations are drowned in a fog of meaningless happenstance and incidents which makes the news and dulls our attention to the more profound changes taking place in the background.   

US Deficit Explodes In July Despite Jump In Tariff Revenue As Government Spending Soars

 

Sunday, August 10, 2025

It begins... Again! - Canadian Steel CEO Warns: U.S. Tariffs Could Lock Us Out Completely

   The lie is the narrative that what's happening with the tariffs is new. It is not and we only need to refer to the 1930s, 90 years ago to understand. 

   So what will happen then?

   In some, relatively few sectors, tariffs are indeed inflationary because there is no replacement, the goods are essential and the added costs are therefore passed on to the price, i.e. generating inflation. But this is not the case overall. In most cases, thanks to competition, the exporters are obliged to absorb the costs for a while, otherwise they lose their market share as explained here for Japanese automakers:

Japanese Automakers Losing $20 Million Per Day To U.S. Tariffs

  Or worse as eventually in the example below, if the tariffs are too high which is the case for Canadian exporters, they may be completely evicted from the market: 

Canadian Steel CEO Warns: U.S. Tariffs Could Lock Us Out Completely

   But this period cannot last very long. Soon enough, lower demand will generate a recession. Mildly in the US, the initiator of the tariffs thanks to higher prices, but much more harshly for commercial partners which are hammered by extra competition killing off domestic producers. 

   This is not sustainable, as the recession quickly morph into a depression when jobs starts being lost by the millions thanks to extra capacity being redirected to the few "still open" markets. Within months, not years, all the former commercial partners of the US will have to take retaliatory measures to protect their markets AND devalue their currencies to stay competitive. 

   In such an environment, "free" trade cannot last a year. All the countries without exception will need to close their markets and do the same as the US. A phenomenon which is as predictable as it will accelerate thanks to the coming recession which could quickly transform into a depression as prices are hammered. 

   Thankfully, we know one solution to this problem; Printing money with abandon! Since this is what almost every country has been doing for the last few years, the habit will not be hard to kick in. Except that this time will not be different and most currencies will accelerate their fall relative to each other in what is called; competitive devaluation, justifying more tariffs. 

   What could be different this time is that countries like China, Russia, India and Brazil, the BRICS will be less affected since their markets are larger and reliance on exports consequently lower. 

  Conversely, former US "friends" in Europe, America (Mexico and Canada) and Asia (mostly Japan and Korea) will be severely hammered and should be in a deep recession by early 2026. (Of which we will see little at first since the Nikkei for example will skyrocket from 40,000 to 100,000. No country will repeat the mistake of the 1930s of reducing the money supply in the midst of a recession!)  

  But all this will be to no avail, the recession will bite, the masses will become restless and incompetent governments will take mostly ineffective measures to mitigate the crisis.  

  It could have been different but for that to happen we should have chosen a more difficult path earlier. And what wasn't possible when it was easy will most certainly prove impossible when harder. 

  This is of course the best case scenario. It could also go very wrong quickly. Nobody is ready for war, but then again neither was the US or Russia in 1940. All this raises the ante further for the meeting in Alaska...  

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Canadian steelmakers may need to overhaul their operations as steep U.S. tariffs threaten to block access to their largest export market, says Algoma Steel Inc. chief executive Michael Garcia. He made the comments to Financial Post last week. 

“We’ll have little to no business in the U.S. if the 50 per cent tariff continues,” Garcia told the Financial Post’s Larysa Harapyn. “Once the full effect of (the tariffs) plays out, it will effectively lock out Algoma and frankly other Canadian steel producers from the U.S. market.”

Algoma, based in Sault Ste. Marie, Ont., is Canada’s only plate steel producer. While it still has contractual obligations in the United States, Garcia said those will wind down within the year if the tariff remains. “There really are no practical foreign markets for Canadian steel other than the U.S. market,” he said.

The company has asked Ottawa for a $500-million enterprise tariff loan facility, not due to immediate liquidity concerns, but to safeguard operations as it adjusts to the loss of U.S. sales and navigates an uncertain Canadian market.

Financial Post writes that if U.S. access remains blocked, Garcia said producers will have to pivot to the domestic market, which in recent years has been supplied about two-thirds by foreign steel. “Much of that steel is unfairly traded and dumped into the Canadian market,” he said. “That’s accelerated now that the U.S. has 50 per cent tariffs on all foreign steel coming into the U.S.”

Algoma sees potential in infrastructure and defence projects under Prime Minister Mark Carney’s nation-building agenda, but Garcia noted that significant demand from those projects has yet to materialize. “Our challenge is to bridge the company into the future,” he said. “Make sure we’re making the right type of products, that are demanded by Canadian customers, and be there when that demand appears.”

Meeting domestic needs would require investment and time, Garcia said, with steelmakers shifting away from coil production and toward products such as plates for shipbuilding, energy, and defence. “There has to be an environment where Canadian steelmakers are making the … type of steel that is consumed in Canada and have a free-trade environment to win that business.”

Algoma has already signed agreements with shipbuilders, including B.C.-based Seaspan, and is positioning itself to supply marine plates if domestic shipbuilding expands. Garcia said the company has a history in the sector and is ready to rejoin the supply chain if projects are awarded and dormant shipyards return to activity.

Saturday, August 9, 2025

Trump–Putin Alaska Summit: Peace Talks And Power Plays On Former Russian Soil by Thomas Kolbe

   "Donald Trump is at war with the deep state" is the one statement you won't find in the article bellow although all the signs are mentioned. From the neo-cons in the US to the WEF and other organisms who control Europe, the war is total and just like Ukraine cannot end in a stalemate. One party will have to lose the war. 

   Trump is ruthless and "without principles" according to Epstein himself who must certainly have known something about principles and what a "lack of" actually meant. Putin as a former KGB probably has a likewise understanding of what it takes to win. Including this basic rule of history: "What matters is not who is right but who is left."   

   The stakes in Alaska will consequently be extremely high. The war in Ukraine is almost over and the country, including and especially Europe has been defeated. So this is NOT what will be discussed in Alaska. Putin understands that he will have to give a token on this subject although Ukraine must give 95%. What is at stake is the rest. The US is over-indebted and lacks the industrial capacity of the last century but it still controls the world financial system. So conversely, this must be what is at stake and what Trumps wants to talk about. The menace of BRICS is now real and the little-thought tariffs except in their domestic impact and dimension are accelerating the decomposition of the system, which paradoxically is in the interest of nobody.      

   Trump wants to be perceived as strong, which he is financially and strategically, although his relative power is vanning fast and Putin will have to be extremely skillful in not hurting the man while confronting the country which is why the stakes are so high. The outcome can be peace but can also be an acceleration towards nuclear war. No wonder, Putin is spending his weekend talking to Xi Jinping, Lula and Modi. These are the BRICS powers he needs to confront the US. 

   Europe on the other end is facing ruin and bankruptcy. The failure of a woke political system with its mass immigration and DEI policies. The ruin of a foreign strategy based on the exploitation of the Black Continent, while of course professing the opposite. And the bankruptcy of an industrial and energy system cut from cheap resources from Russia. These are consequently desperate times in Europe which will generate desperate moves in the days ahead. 

   The main reason of the meeting is that both leaders understand that if they do nothing, the world will keep sliding inexorably towards war as we have been discussing on this blog for years. And still the odds are 50/50. Europe is bankrupt and finished. You cannot extricate a continent of civil servants and pensioners from their own madness and more importantly self interest. The US is also bankrupt but the country may still have the resources to find a way out of the current morass. Can Trump engineer a miracle? This cannot be done without the tacit support of China, India and Brazil. The meeting next week could be a first step towards such a large scale discussion, through Russia. But make no mistake, the world is at stake and we are on the verge of a complete paradigm shift in the coming years. The choice is to decide if it happens through a peaceful negotiated process or war.  

Trump–Putin Alaska Summit: Peace Talks And Power Plays On Former Russian Soil

Donald Trump stays true to his line and asserts dominance over the geopolitical chessboard — symbolically as well. Following the announcement of a trade deal with the EU at his golf resort in Turnberry, Scotland, peace talks in the Ukraine conflict with Russian President Vladimir Putin are now scheduled in Alaska.

The venue of a negotiation often predefines the balance of power between opponents. In that sense, it must be read as a clear show of force that both European Commission President Ursula von der Leyen and UK Prime Minister Keir Starmer — notably without military fanfare — traveled to Trump’s private resort in Turnberry to be politically “placed” by the American president. Judging by the outcome of those talks, one conclusion is unavoidable: the European Union no longer plays in the league of the great powers. Washington’s interest in intra-European affairs has noticeably cooled, focusing essentially on two things: an orderly withdrawal from military entanglements, and the defense of US corporate interests in the EU single market.

We are witnessing a shift of power from the Atlantic to the Pacific.

Europe Losing Grip

It’s hardly a secret: China and the United States will be setting the standards of international politics in the future. Russia, the world’s most resource-rich country, may be labeled by Europeans as a pariah state and a malicious hub of all evil — but that does not change the fact that the age of postcolonial European dominance is ending, and Moscow will have no trouble playing its resource-market cards outside the shrinking European sphere of influence.

In this spirit, Russian President Vladimir Putin will travel on August 15 to “away territory” in Alaska — once part of Russia — to preliminarily negotiate peace terms in Ukraine with President Trump. Trump sees progress in the stalemated conflict and stresses that the talks will likely lead to a land-swap arrangement “to the benefit of both sides.” While the Russian government has not issued an official statement, much suggests Moscow will not return the occupied territories in Donbas, Luhansk, Zaporizhzhia, and Kherson, nor Crimea. Russia currently holds the military initiative and is increasing pressure on Ukraine and its allies to force a resolution.

To avoid overshadowing the personal meeting, the White House postponed a tariff ultimatum — originally set for August 9 — that would have imposed 100% duties on Russian goods if the war continued, pushing it back to August 27.

Alaska as a Signal

We will have to see what unfolds in the meantime and whether potential disruptions derail this cautious rapprochement once more. One recalls the much-discussed visit of former UK Prime Minister Boris Johnson, who, two months after the outbreak of war, acted as a kind of shadow diplomat to reject a Russian-proposed peace deal.

What is now on the table again — a land swap and Ukraine’s exclusion from NATO — was flatly rejected back then. Hundreds of thousands of dead and wounded later, there appears to be a renewed turn toward diplomacy in light of the bleak military situation. This time, however, it is the Americans applying pressure on the warring sides. From Europe, little is heard apart from intense rearmament efforts and a declared will to “re-militarize” the population, as the German government has repeatedly emphasized.

Diplomatic Thread to Be Picked Up

The diplomatic thread is now to be picked up again in Alaska. Until 1867, Alaska was Russian territory before the US purchased it from Tsar Alexander II for $7.2 million — after Russia’s defeat in the Crimean War left its treasury depleted. The geography here speaks volumes: Alaska lies between Russia and the US, separated only by the Bering Strait, symbolizing the direct neighborhood of two great powers that may now be entering a new phase of rapprochement in a rapidly changing world order.

For the Ukraine talks, the location signals that even deeply rooted geopolitical divides can be bridged through pragmatic agreements. At the same time, Alaska has strategic importance for the Arctic, whose trade routes and resources will likely be integrated into the future architecture of global power.

By hosting the Russian president at such a neuralgic spot, Trump fuses historical reconciliation with present-day power politics, creating a symbolic setting that suggests readiness for compromise without conceding sovereignty.

Trump’s Move

What might look like a PR coup in the headlines is in reality a move at the highest level of geopolitics. By inviting Putin onto US soil, Trump openly breaks with the prevailing doctrine of keeping Russia isolated. The ICC arrest warrant, the sanctions regime, years of carefully cultivated enemy imagery — all of it, should the meeting take place, would evaporate in significance with a single photograph.

The message: The rules the foreign-policy establishment holds as untouchable are negotiable — not carved in stone — at least if the President of the United States decides so.

Behind closed doors, the focus will likely be on redrawing spheres of influence: a possible Ukraine endgame in exchange for Russian concessions — energy, Arctic passage, perhaps even a gradual distancing from Beijing. For Trump, the meeting offers a chance to pull Russia, perhaps through trade, into America’s geostrategic orbit. This would align with the raw-materials deal signed with Ukraine in April, granting the US exclusive access to the country’s rare earths as well as certain oil and gas reserves.

But the true test linked to this meeting lies within the inner workings of America’s power machine: Can Trump carry out such an unconventional operation without sabotage from his own security apparatus? Should he manage to launch a robust peace process, he will have proven that he has taken full control of US foreign policy strategy.

That would be a decisive blow against the neocons pushing for escalation in Ukraine — and a further step toward peace.

* * * 

About the author: Thomas Kolbe is a German graduate economist who has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.

“Nobody Expected This to Happen by Alex Krainer” (Video - 18mn)

   A stunning interview of Alex Krainer which illuminates a completely different aspect of the Alaska "deal" which makes a lot of ...