Moon of Alabama Brecht quote
April 04, 2021

The MoA Week In Review - OT 2021-025

Last week's posts at Moon of Alabama:

> CF: Do they want to take on our global dominion and hegemony role? No, but we assert that they do. We posit that China thinks and behaves like us: “We had Manifest Destiny and it took us across the Pacific to the Philippines. Therefore, China must have a Monroe Doctrine and Manifest Destiny in mind.” This is wrong. Things don’t work like that. So I would argue that we have inhaled our own propaganda, and we are living in the appropriately stoned state that that produces. If we have sound policies, we can out-compete anyone. But we’re not looking at sound policies; we’re looking at pulling down our competitor. <

---
Other issues:

Of the container ship Stuck In Mud in the Suez I wrote:

[T]he losses for Egypt add up. The hundreds of ships which are currently blockaded and the owners of their cargoes may also ask for compensation.

The ship is insured for probably up to 140 million. That will not be enough to pay for this incident. Many court claims will be made. The Japanese owners of the ship, the Taiwanese charterer, the German company managing the ship, the pilots and the crew will all be asked to pay for every penny that is not covered by the insurance.

On April 2 WaPo reported that the ship will have to stay in Egypt until the bills are paid:

[F]reeing the ship was a costly and time-consuming endeavor, and Egypt says it should be heavily compensated for the incident.

On Thursday, the Ever Given’s owner filed suit against the ship’s operator in the United Kingdom’s High Court, the Lawyer first reported. An early stab at limiting the owner’s liability, the lawsuit highlights the labyrinthine ownership structure of container ships, and how difficult it can be to determine who should be held responsible when something goes wrong at sea.

Flagged in Panama, the Ever Given is owned by two Japanese firms, Luster Maritime and Higaki Sangyo Kaisha, which are the plaintiffs in the lawsuit and are both subsidiaries of holding company Shoei Kisen Kaisha (itself a subsidiary of Japanese shipbuilder Imabari.) It is being leased by Evergreen Marine Corporation, a Taiwan-based conglomerate listed as the defendant. On top of that, the ship’s technical manager is Bernhard Schulte Shipmanagement, a German entity that isn’t a party to the lawsuit and was responsible for hiring the Indian crew.
...
That doesn’t mean that the company is willing to shoulder the financial burden alone. On Thursday, Shoei Kisen Kaisha declared “general average,” appealing to a principle of maritime law that states that the owner of cargo on board a ship should contribute to the cost of rescuing the vessel during a major casualty event, according to industry news site gCaptain.

Use as open thread ...

Posted by b on April 4, 2021 at 8:54 UTC | Permalink

Comments
« previous page

Posted by: james | Apr 5 2021 16:27 utc | 98

"@ 96 bemildred... thanks for the article.. it is interesting how he defines the position of the eu being squeezed and in the middle of all this.."

I'm still digesting what he said. The first part, how monopolistic economics cannot compete well with open competitive ones, socialist or not, I consider obvious and well-understood. You can gauge how many economic parasites an economy has by how well it is doing. Parasites drag a body down.

That the EU can't print money like we have done, I'm not so sure about. The whole future of the EU, just like the USA, seems in question anyway, change is going to come, one way or another. It would seem that the USA is better placed to deal with the crisis, I can see how Crooke thinks that, but I think Europe has its advantages too. The real question is mental, how long to stop thrashing around and get to work again? Is Europe as brainwashed as USA-ians? I doubt it.

I hear we are negotiating with the Russians about Ukraine now. Good, if true.

Posted by: Bemildred | Apr 5 2021 16:50 utc | 101

bemildred... have to run - but will comment later..

Posted by: james | Apr 5 2021 16:53 utc | 102

@Bemildred | Apr 5 2021 16:50 utc | 101

Thanks for the article, I read it. Interesting dilemma at the end.

I hear we are negotiating with the Russians about Ukraine now. Good, if true.

Who are "we" here?

Posted by: Norwegian | Apr 5 2021 17:02 utc | 103

Posted by: Norwegian | Apr 5 2021 17:02 utc | 103

We would be USA, one of Blinken's minions. Just on Twitter.

Posted by: Bemildred | Apr 5 2021 17:22 utc | 104

Norwegian's comment "what we would see depends on the filter of the helmet" applies to so many things. Worth remembering.

So what is up with Erdogan's canal to parallel the Bosphorus Strait? Allow more military ships of foreign powers to enter the Black Sea?

Posted by: the pessimist | Apr 5 2021 17:28 utc | 105

the pessimist @105

I would imagine there is concern that a shooting war might erupt over access to the Black Sea. It would probably be better for Turkey if the fighting were somewhere other than downtown Istanbul.

Posted by: William Gruff | Apr 5 2021 17:35 utc | 106

The canal would not be subject to the Montreux Convention and controlled by Turkey alone...

Posted by: the pessimist | Apr 5 2021 18:04 utc | 107

@15 vk
"But the even more bizarre part comes at the end of this quoted paragraph, as Akopov states that "the Russian Empire perished just at the moment when it was more than ever close to becoming the geographical heir of the Romans - to plant a cross on Hagia Sophia, to seize Constantinople". My friend, if you didn't become the geographical heir of the Romans 400 years after the fact, you're not becoming that after 450 years."

I`m not familiar with the details but there had been a secret agreement between Russia and it`s Western allies during World War I that at the end of the war Istanbul would be in the Russian sphere of influence/annexed by Russia.

Posted by: m | Apr 5 2021 18:27 utc | 108

The "Constantinople Agreement" of 1914 would have ceeded the straits and the city to Russia following the anticipated Ottoman defeat.

Posted by: the pessimist | Apr 5 2021 19:09 utc | 109

@ 101 bemildred.... my only perspective (which might be a false perspective) is that europe - the uk in particular) are tied at the hip with the financial empire as it presently stands... what it looks like to me is that since the bretton woods agreement, a number of institutions have been put in place to accommodate this usa-uk-euro alliance.. it also includes the 5 eyes countries and a few others too - israel, which i don't exactly know how.. but it is all via controlling the imf, bank of international settlements and stuff like this, that this financial power has worked for some much better then for others... one of the ways is thru voting rights - developed, verses developing countries and how many votes you get to change things as a consequence.. russia and china are defined as developing, while all the western countries are defined as developed.. this is just another form of keeping control of the present financial system that is in place.. i don't claim to fully understand it which is why it is always interesting to read michael hudsons commentary, among others..

here is a relevant quote from michael hudsons latest article from march 29th..
"Everything that made industrial capitalism rich, everything that made America so strong on the 19th century, through its protective tariffs, through its public infrastructure investment all the way down through world war two and the aftermath, was that we had a mixed economy in America. Europe also had a mixed economy, and in fact, every economy since Babylon has had a mixed economy.

But in America you’ve had something entirely different (since 1980). Something that was not foreseen by anybody, because it seemed to be so disruptive: namely, the financial sector saying, “We need liberty – for ourselves, from government.” By “liberty” they meant taking planning and subsidy, economic and tax policy, out of the hands of government and put into the hands of Wall Street. The result was libertarianism as a “free market.” In the form of a centralized economy that is concentrated in the hands of the financial centers – Wall Street, the City of London, the Paris Bourse. What you’re having today is an attempt by the financial sector to take on the role that the landlord class had in Europe, from feudal times through the 19th century. It’s a kind of resurgence of feudalism."

https://michael-hudson.com/2021/03/what-flavour-oligarchy/

i think alastair crooke in his articles is trying to properly understand this whole system too.. i am sure he has a better grasp of it then me but i continue to ask questions and hope for greater clarity either way!

Posted by: james | Apr 5 2021 19:19 utc | 110

Thanks for the feedback Jen, James, Bevin and Uncle Tungsten,

My late lifelong friend, had a book in Arabic which detailed the Jewish origins of the Al Saud family. Apparently they were Jewish merchants from Basra, Iraq, recruited by the British to remove the Hashemites.

Sadly, one of my friends children threw out his extensive Arabic and English language library after his death.

However, few forgive the Hashemite King Husain of Jordan for the 'Black September' atrocity against the Palestinian resistance which is recognised as legitimate by the Geneva Conventions. The occupied have "the right to resist" their occupation and the right to "take the fight to the territory of the occupier." This is NOT 'terrorism.'

I notice the anniversary of the Jewish massacre at Deir Yassin is coming up soon. This IS terrorism.

https://www.deiryassin.org


Posted by: Paul | Apr 5 2021 19:22 utc | 111

i am sure that karlof1 made a link to that article i just linked to, but you can read it and see it lays so much out really quite well...

Posted by: james | Apr 5 2021 19:23 utc | 112

@ 111 paul.. thanks for the link and reminder on all that as well!

Posted by: james | Apr 5 2021 19:25 utc | 113

@ bemildred.. i reference to my initial comments @ 110, i see michael hudson is addressing these same topics i mention in the article i link to.. i hadn't read it before..

"Michael Hudson: I certainly do not see any repetition of a Bretton Woods because as I described in Super Imperialism, Bretton Woods was designed to make American control over Britain over Europe total. Bretton Woods was a US-centered system to prevent England from maintaining its empire. That was okay. It also was to prevent France from maintaining its empire, and for America to take over the Sterling Area. The World Bank was to prevent other countries from becoming independent and feeding themselves, to make sure that they supported plantation agriculture, not land reform. The one single fight of the World Bank was to prevent land reform and to make sure that America and other foreign investors would take over the agriculture of these countries."

Posted by: james | Apr 5 2021 19:27 utc | 114

Jordan
Israeli businessman had offered to fly Hamza and his family to Europe;
one of the persons arrested is a former advisor or MbS
https://www.bbc.com/news/world-middle-east-56637430
https://www.dailysabah.com/world/mid-east/jordanian-officials-arrested-in-security-probe-amid-plot-rumors-against-king-abdullah

Posted by: Mina | Apr 5 2021 19:39 utc | 115

The canal would not be subject to the Montreux Convention and controlled by Turkey alone...

the pessimist | Apr 5 2021 18:04 utc | 107:

It's more economical to just ignore existing convention / treaties than to build a new canal. Laws are only followed if it's convenient to do so. I'm surprised that the US haven't violated it by now.

Posted by: Ian2 | Apr 5 2021 19:53 utc | 116

@ Posted by: m | Apr 5 2021 18:27 utc | 108

The point is the Metropolitan's whole narrative revolves around the idea the Tsar was toppled because his high officers and intelligentsia were all Western assets.

Well, we know Russia only won WWI because the UK and France defeated Germany (Germany's most spectacular victories in WWI were precisely against Russia). If the Tsar was taken down by a Franco-British plot, then victory wasn't a possibility for Tsarist Russia, therefore Tsarist Russia would never get Constantinople in the first place.

In that scenario, the only way out for the Tsarist Empire was to defeat Germany in the Eastern Front itself, with Russian soldiers and Russian generals. Obviously that didn't happen - in fact, we now know that the polar opposite happened.

Therefore, the Metropolitan is outright completely ignoring the shameful events in the Eastern Front during WWI, and is treating the fall of the Tsarist Empire as a "complete mystery". Except for the fact it's not: not only it is not a mystery, we even have the peace treaty (Brest-Litovsk) as evidence. This is not Ancient History: we're talking about very fresh, extremely well-documented historical events here.

Posted by: vk | Apr 5 2021 20:30 utc | 117

The Saker is reporting (in comments) that Donetsk People's Republic Prime Minister Denis Pushilin is saying chances of avoiding war are "extremely small".

Posted by: William Gruff | Apr 5 2021 20:35 utc | 118

Hey fellow MoA barflies!!!

I believe that karlof1 is now on holiday for a month traveling across US by auto to see wife's family

Suck it up and pitch in where karlof1 would have, please and thank you!

Posted by: psychohistorian | Apr 5 2021 15:06 utc | 93

A positive I take from that is I will have an hour or so extra each day where I am not reading his informative contributions! I see james is already making sure Michael Hudson is not neglected!

What causes comment typing to go all screwy?

Posted by: tucenz | Apr 5 2021 20:41 utc | 119

"Michael Hudson: I certainly do not see any repetition of a Bretton Woods because as I described in Super Imperialism, Bretton Woods was designed to make American control over Britain over Europe total. Bretton Woods was a US-centered system to prevent England from maintaining its empire. That was okay. It also was to prevent France from maintaining its empire, and for America to take over the Sterling Area. The World Bank was to prevent other countries from becoming independent and feeding themselves, to make sure that they supported plantation agriculture, not land reform. The one single fight of the World Bank was to prevent land reform and to make sure that America and other foreign investors would take over the agriculture of these countries."

Posted by: james | Apr 5 2021 19:27 utc | 114

Yes, I pretty much agree with all that, I'm sure the British would have done the same to us, if they could. FDR clearly set out to beggar the Brits while he was saving them, that colonizing mindset just never quite goes away.

Our wars live on with us, I know we still have unresolved issues from the Civil War, and we make a fetish of WWII, the one really GOOD war.

Posted by: Bemildred | Apr 5 2021 21:04 utc | 120

@james again: Yes, I agree, I have noted that both Hudson and Crooke and a number of others in the last few days have been unusually frank about the nature ofthe problem and where it comes from. Perhaps that goes with the new frankness from Russia, China, Iran. These are after all members of the PMC themselves, and I expect that are worried too. I get the feeling a lot is going on in the background too.

Posted by: Bemildred | Apr 5 2021 21:18 utc | 121

Crack in the system:

New York State Is Set to Raise Taxes on Those Earning Over $1 Million

The problem here is that's not how the USA should work. The USA is a capitalist empire, and capitalist empires are more healthy when they increase the exploitation of their own people in favor of their capitalist aristocracy. That the Empire is now having to resort to suck their upper bureaucratic class (the "upper middle class"; "managerial class") in order to keep funding its own basic functions of State is a bad sign.

Posted by: vk | Apr 5 2021 21:21 utc | 122

Regarding Russia and the Roman Empire, if I may chime in?

Back in the day when I had classes in Medieval German and the like, I was intrigued to learn that not only the Russian word "Tsar", but also the German word "Kaiser" (both meaning Emperor) derived from the Roman/Latin term "Caesar". Caesar not so much as a name, but as a generic term for the position of supreme ruler. So both cultures made a point of linking themselves to the Roman Empire also in terms of linguistics. Once you know about the origin of "Kaiser", for a German, it's actually pretty intuitive. If you pronounce the C in Caesar as a K and pronounce AE not as one vowel, but two (monophthong => diphthong), you pretty much end up saying Kaiser. Must be similar with the Russian Tsar. The marvels of language...

Posted by: Scotch Bingeington | Apr 5 2021 22:03 utc | 123

Posted by: Paul | Apr 5 2021 9:31 utc | 77

Thanks for the video interview with McGovern. Kind of sheds some light on what led to the intervention in Syria. Turns out Obama was too weak, as any President would be unless they want to get Kennedied or Russia-gated, to resist the neocons and their Israeli cohorts in causing chaos in Syria for Israel's benefit. Kind of gives lie to the notion that Obama was a warmonger when instead he surrounded himself with warmongers and even though he actually tried to prevent an American military intervention, was simply overpowered. Same storyline for much of his presidency. Let the Rx, insurance and hospital industries write the healthcare reform bill, refused to close Gitmo, refused to reform the immigration fiasco, etc. The buck does stop with the President, though, so that gave Trump and his supporters plenty of ammunition in his fake (for the simple fact that he wouldn't have been able to prevent one if Israel or enough neocons wanted it) "no new wars" campaign messaging.

That said, the assassination of Soleimani was an act of war designed to provoke further retaliatory acts of war that would have given the USA and Trump an "excuse" to engage Iran in a major shooting war of some kind. Good thing, in this case, the Iranians were smarter. Hell, in my estimation - as I've said many times - Trump would have been even easier than Obama was to "convince" that a new war was needed in his second term.

Posted by: _K_C_ | Apr 5 2021 22:05 utc | 124

vk, in your zeal to attack Metropolitan's article you commit errors of your own. Tsarist Russia was allied with the victors in WW1 and played a significant part in the conflict. Russia would have had a seat at the table when the armistice was signed if the Bolshevik government that took power after 1917 had not withdrawn from the conflict and made an agreement with Ottoman Turkey. Whether Russia would have received control of Constantinople and the Bosphorus if the Tsar had remained in power until the end of the war is an open question, however it is possible it would have:

https://www.newstatesman.com/sites/default/files/blogs_2016/05/5071992592_fdd772fee8_o.jpg

That said, long-standing (and persistent) Russian concerns with the territory seem to have been consistently military in nature - access to the Mediterranian Sea, not religious - although the religious element is not absent it is not the central concern.

Posted by: the pessimist | Apr 5 2021 22:18 utc | 125

Norwegian @ 95

Thank you for a serious response and not being summarily dismissive.

At current distance from sun Mars receives roughly 1/4 the light Earth receives. Total atmosphere is about 0.6% of Earth by weight or barometric pressure. A limit to how much dust such an atmosphere would support. Mars Rover photos do not look like that at all. Looks less foreign than Canada.

Filters and processing do not support what is seen.

Posted by: oldhippie | Apr 5 2021 22:32 utc | 126

@ Posted by: the pessimist | Apr 5 2021 22:18 utc | 125

I'm not the one stating there was a Western complo against the Tsar - it's the Metropolitan who stated that.

If the complo theory is correct (it is not), then the Tsarist Empire would never receive the Bosphorus either way - surviving 1917 or not.

By the way, a very similar thing happened after WWI: the newly founded Chinese Republic was denied the colonized territories, even it being part of the victorious side, in a shameful volte face. The Ottoman Empire was partitioned in many micro-nations after WWI - what would make the Tsar think (after his awful performance in the battlefield) France and the UK would simply give him that so much strategic region to him?

Posted by: vk | Apr 5 2021 23:01 utc | 127

Another sign the American Empire may never be the same. This time, from the other side of the Isle:

McConnell Chides Private Sector for Acting as 'Woke Parallel Government' in Wake of GA Voting Bill

It's is a very bad sign when the pro-capitalist (Republican Party, "GOP") faction of the Two-Headed Party turns against their own creators.

Posted by: vk | Apr 5 2021 23:30 utc | 128

https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118

This is huge in its implications. It will change everything and I don't think US elites have completely caught on to that.

Posted by: Eighthman | Apr 5 2021 23:47 utc | 129

bemildred... thanks... we can continue to share ours and others insights and wisdom here.. we have this!

Posted by: james | Apr 6 2021 2:12 utc | 130

Posted by: _K_C_ | Apr 5 2021 22:05 utc | 124

Thanks for your interest. I couldn't resist posting that video.

It seems from my little backwater that changes are coming and that change will need to happen first in the US. Like the end of the Vietnam War. Some say the war was not won in the jungles of Vietnam but the streets of America. I feel the vibe for change is palpable all over the world. People themselves are not changed by logical arguments but by events. No shortage of events in the last few years. I expect more crazy events and a domino effect.

IMHO the US has been crippled by the Israel lobby parasites sucking money and the vital life blood from the country. As we know the parasite always destroys the host. While the US finances the parasite's budget and pays in blood and treasure for its serial wars, China has been investing and building productive capacity.

Posted by: Paul | Apr 6 2021 2:58 utc | 131

William Gruff #118

The Saker is reporting (in comments) that Donetsk People's Republic Prime Minister Denis Pushilin is saying chances of avoiding war are "extremely small".


I see that Putin has prevailed on France and German leaders to pull Zelensky back from the brink. They have made noises to that effect.

Alexander Mercuris announces this as effectively ending hostilities.

Washington and Poland bray for war and a final solution in the Donbass. They have immense influence on the the Galician SS brigades in Ukraine. They have promises of $$$ and security for Zelensky. Washington has the wealth to buy this idiots agreement to his suicidal move. They will never have to pay him one cent as one of their Galician SS brigaders will top him for a hundred dollar bill and a bottle of vodka. Washington does not care what happens to Zelensky or a few million dollars of military equipment or lives - they just want Russia to launch one defensive attack, one small missile will do. They likely have a gas missile ready to go on some poor soul in the Galician SS zone just so they can steamroll Biden into an agreement to war. Just like they tried on Syria with Obummer.

THAT is the real risk.

IMO War is most probable here, not peace.

Posted by: uncle tungsten | Apr 6 2021 8:35 utc | 132

How to make things simple in Jordan, the ocean of stability, the beakon of democracy etc.
https://english.ahram.org.eg/NewsContent/2/8/408583/World/Region/Jordan-bans-media-coverage-of-royal-feud-State-new.aspx
I ve noticed in the reports of the last two days that the MSM strongly avoided any reference to the huge demos that vanished only after a strong covid lockdown was imposed last year...

Posted by: Mina | Apr 6 2021 8:52 utc | 133

Just providing a public service here. What's next, Occupied Palestine Regime passes the bill on to the original inhabitants? Pfizer should skip the middleman and send the bill to Lindsay Graham. He'll take care of it, lickity split.


"Pfizer halts delivery of Covid-19 vaccines to ‘banana republic’ Israel after bill goes unpaid amid political infighting – media"

https://www.rt.com/news/520187-israel-banana-republic-pfizer-vaccine/

Posted by: Tom | Apr 6 2021 9:22 utc | 134

Norwegian,oldhippie,

I think the planet Mars NASA refers to is actually some where on Baffin Island in Canada's NW territories.
I believe some years ago there was a lemming on Mars-images.

And how do you make fly a helicopter in such thin air....

Control of narrative replaces any science these days.

"We know we'll have succeeded when everything americans believe is false"

So there we go.

Posted by: willie | Apr 6 2021 9:23 utc | 135

Yemen. Who can still trust the US?
https://www.aljazeera.com/news/2021/4/4/yemen-little-clarity-us-vow-end-aid-saudi-led-coalition

Posted by: Mina | Apr 6 2021 10:26 utc | 136

"they just want Russia to launch one defensive attack, one small missile will do."

Posted by: uncle tungsten | Apr 6 2021 8:35 utc | 132

Seems to me they never need a verifiable real reason as they just fabricate one if they deem necessary.

Posted by: arby | Apr 6 2021 12:43 utc | 137

William Gruff @Apr5 16:48 #100

The Russians had developed full-flow staged combustion rocket engines in the 1960s.

"Developed" is very different than perfected and commercialized. Since they never commercialized the tech (during the past 50+ years) we can assume that they must have had difficulties that they could not overcome.

=
Powering them with methane is nothing special in and of itself and is only notable because methane can be easily produced on Mars ...

No, it's also notable for being burning cleaner. That means it has much higher reusability so when you get to Mars you will worry less about whether you have a functioning rocket engine for the return to earth. Having two full rocket engines vs RD-180's 2 chambers in one engine also helps to ensure that you'll get back to earth as Mars has a much lower gravitational pull.

<> <> <> <> <> <>

Note: This discussion has gone from oldhippie's total dismissal of US tech to WmGruff's "nothing special" denigration.

Let me remind readers that this technical discussion started with my warning @Apr4 15:17 #16 that USA/Empire is getting bolder because it is "... catching up on hyper-sonic missile tech and is consequently feeling more confident / less exposed (yes, they are still behind, but the shit-your-pants moment has passed).

!!

Posted by: Jackrabbit | Apr 6 2021 13:50 utc | 138

William Gruff @Apr5 16:48 #100

The Russians had developed full-flow staged combustion rocket engines in the 1960s.

"Developed" is very different than perfected and commercialized. Since they never commercialized the tech (during the past 50+ years) we can assume that they must have had difficulties that they could not overcome.

=
Powering them with methane is nothing special in and of itself and is only notable because methane can be easily produced on Mars ...

No, it's also notable for being burning cleaner. That means it has much higher reusability so when you get to Mars you will worry less about whether you have a functioning rocket engine for the return to earth. Having two full rocket engines vs RD-180's 2 chambers in one engine also helps to ensure that you'll get back to earth as Mars has a much lower gravitational pull.

<> <> <> <> <> <>

Note: This discussion has gone from oldhippie's total dismissal of US tech to WmGruff's "nothing special" denigration.

Let me remind readers that this technical discussion started with my warning @Apr4 15:17 #16 that USA/Empire is getting bolder because it is "... catching up on hyper-sonic missile tech and is consequently feeling more confident / less exposed (yes, they are still behind, but the shit-your-pants moment has passed).

!!

Posted by: Jackrabbit | Apr 6 2021 13:50 utc | 139

Yes, the sense of exceptionality among the empire and its fans is remarkably enduring. We even regularly see examples of it right here in these fora.

Posted by: William Gruff | Apr 6 2021 14:25 utc | 140

Interesting hypothesis:

US’ excessive money-printing prompts de-dollarization

As US stocks continue to hit new highs lifted by rounds of excessive fiscal stimulus, many countries are stepping up their de-dollarization efforts to reduce reliance on the greenback amid fears of a potentially weaponized US dollar.

U.S.'s decline is a slow-moving reality

US call for global minimum corporate tax no fix for offshoring: experts

The US push for a global minimum tax rate on multinationals to ensure funding for President Joe Biden's $2.3 trillion infrastructure proposal without pushing firms away is unlikely to materialize and help the US to stop business offshoring, Chinese experts said on Tuesday.

"We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom" on corporate tax rates, US Treasury Secretary Janet Yellen on Monday said in remarks to the Chicago Council on Global Affairs.

"Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations," she said.

Washington will disappear if it loses control of the printing press, investment manager tells Keiser Report

WaPo, today: Progressives are afraid of taxes

The scenario is clear: the USA printed - and plans to continue to print - trillions and trillions of dollars, only to find out it doesn't have the substance to back it up (as the rest of the world has smelled the rat and started to de-dollarize). Honestly, I think the USG didn't see that coming: I genuinely wouldn't be surprised if Trump and now Biden later (some years from now) admitted they thought the world would back up the printed USDs as it did in 2008-2009.

The ironic aspect of all of this is that the new emergent American Left (which is a confederation of tribes right now, but is most symbolized by the DSA - Democratic Socialists of America - which represents both Bernie Sanders and AOC, among others) sees all these policies (try to increase taxes, try to invest in infrastructure, ignore the debt, try to impose a global tax rate) as some kind of good news, as some kind of the "dawn of a new era". Ladies and Gentlemen, we finally have the American version of Gorbachev.

Posted by: vk | Apr 6 2021 14:51 utc | 141

One must admit, Pfizer made a really good deal with Israel. Not only it studies a population for which genetic datas have been collected by the state for years, but it has the immense benefit of getting a live study of the evolution of the virus in a environment where a big part of a population is vaccinated next to a "study cohort" that is not (here, the Palestinians, in addition to the circa 50 percent Israelis who did not want the vaccine).
I hope they checked all the "ethical" boxes.

Posted by: Mina | Apr 6 2021 14:54 utc | 142

French IT as bad as usual. First day of strict lockdown, and just as last year, the website crashed. No one could study for the whole day and the holidays start in one week (after the king of France changed their dates for 2/3 of the country). The minister of education tried to blame "a foreign cyberattack" but no one seems to believe him.

Posted by: Mina | Apr 6 2021 15:05 utc | 143

America is Back! Daily shooter again, at well known location

US Navy Confirms Active Shooter Incident at Fort Detrick Involving Its Soldiers

Posted by: Norwegian | Apr 6 2021 15:17 utc | 144

Wow. He went there (found at Z/H):
http://www.ronpaulinstitute.org/archives/featured-articles/2021/april/05/why-is-the-biden-administration-pushing-ukraine-to-attack-russia/

Man makes sense. Unfortunately he is talking about a lunatic asylum.

Who decided that the coup in Ukraine and promoting war with Russia is in America's interest? Who makes that decision?

Posted by: jared | Apr 6 2021 16:29 utc | 145

Sometimes, the most powerful argument is a good question.

Posted by: jared | Apr 6 2021 16:31 utc | 146

Perhaps those persons are acting counter to american interests. Acting in bad faith even.
I call Logan Act.

Posted by: jared | Apr 6 2021 16:33 utc | 147

@ Posted by: vk | Apr 6 2021 14:51 utc | 140

I believe the tinking was that the USD is foundational to western "civilization", not to mention world banking. If it goes down, we all go down. Be careful what you wish for - may get hungry out there.

The world runs on debt, denominated in dollars.

Posted by: jared | Apr 6 2021 16:39 utc | 148

indian punchline on the jordan dynamic - Coup attempt in Jordan leaves a trail

Posted by: james | Apr 6 2021 17:00 utc | 149

A good read on North Korea by Gowans

North Korea's 70 Years at war

Posted by: arby | Apr 6 2021 17:25 utc | 150

Coming back here after taking a quick look at specs for the Russian missile Iskander. Iskander is deployed since 2007, produced in quantity, used/demonstrated on numerous occasions. Iskander out performs any of the current US blue sky prototypes. Then look at current weapons. Including current deployed weapons. IS is not even projecting or dreaming about anything that would match a Kinzhal.

Please learn the difference between a press release and reality.

Will also add the Russian weapons are all designed to be produced and produced cheaply.

Posted by: oldhippie | Apr 7 2021 9:15 utc | 151

No edit function, IS above obviously should be US.

Will also throw in all of the above and many other Russian missiles, even battlefield missiles, are designed to perform evasive maneuvers either continuously or on final approach. No anti-missile system has a prayer as these are not ballistic missiles on ballistic trajectories. The faster ones utilize plasma stealth, they are invisible to any radar. Unlike US stealth, which Russia entirely broke a decade back. We just like to talk about stealth. Stealthy to third and fourth world countries with zero air defence is good enough for US procurement.

Posted by: oldhippie | Apr 7 2021 9:21 utc | 152

More about the hanky-panky in Jordan:

Who was Behind the Attempted Coup D’etat in Jordan?

Posted by: Bemildred | Apr 7 2021 13:16 utc | 153

@ bemildred... thanks for that additional link on this topic... good article...

@ arby... looks like a good article, but i don't have the time to read it! thanks regardless!

Posted by: james | Apr 7 2021 15:25 utc | 154

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