Moon of Alabama Brecht quote
March 12, 2023
The MoA Week In Review – (Not Ukraine) OT 2023-59

Last week's post on Moon of Alabama:

> The US’ humiliating exclusion from the centre stage of West Asian politics constitutes a “Suez moment” for the superpower, comparable to the crisis experienced by the UK in 1956, which obliged the British to sense that their imperial project had reached a dead end and the old way of doing things—whipping weaker nations into line as ostensible obligations of global leadership —was no longer going to work and would only lead to disastrous reckoning. <


Other issues:

Silicon Valley Bank:

Aukus:

Twitter Files:

Use as open (not Ukraine related) thread …

Comments

financial matters: It probably also goes without saying that mutual funds are quite possibly the worst investment instrument for the mom-and-pop investor. The fees are usually high and you can’t liquidate them in real time.
Mary: I like your strategy. Myself, I trust the FDIC no farther than I can throw it, because in a real crisis its funds would be exhausted quickly. I split my savings among several institutions.
West of England Abbey: Oz buys American nuke subs because it doesn’t want to have to deal with the consequences of not buying them. The USA doesn’t form alliances; it operates a protection racket.
psychohistorian (real or fake): Public banking? in the USA? In the one state in the union that operates a bank — North Dakota — services are deliberately limited so as to offer minimal competition to the capitalists. Public is a great idea — but it ain’t never gonna happen short of a violent socialist revolution, and that ain’t happening either.

Posted by: malenkov | Mar 13 2023 0:03 utc | 101

RE: Twitter Files and Matt Taibbi –
During his testimony in front of Congress, he had ample opportunity to mention Julian Assange. It’s directly relevant. Yet in all of his writing and every appearance on television (usually only Fox News now), he absolutely refuses to say anything about Wikileaks and Julian Assange. Taibbi is starting to look like controlled opposition to me at this point.

Posted by: Tom_Q_Collins | Mar 13 2023 0:07 utc | 102

Posted by: Tom_Q_Collins | Mar 13 2023 0:07 utc | 103
BTW – that was me, not the body snatcher, but I forgot to include the ‘easter egg’ in my comment. It’s included here.

Posted by: Tom_Q_Collins | Mar 13 2023 0:08 utc | 103

psychohistorian | Mar 13 2023 0:00 utc | 101
You are a shill for communist control of banking and two psuedo-sciences and the speak of flinging feces? Physician heal thyself.

Posted by: Jero | Mar 13 2023 0:09 utc | 104

Below is the press release from the Fed this evening US time

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
The Federal Reserve is prepared to address any liquidity pressures that may arise.
The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds.
After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolutions of Silicon Valley Bank and Signature Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy.
The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.
Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window.
The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.

and then there is the ZH comment about the press release

The Fed explains that the Department of the Treasury will make available “up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP.” And while the Federal Reserve – which was completely clueless about this banking crisis until Thursday – does not anticipate that it will be necessary to draw on these backstop funds, we anticipate that the final number of needed backstop liquidity be somewhere north of $2 trillion.
What is more notable is that the BTFP – or Buy The Fucking Pivot – facility, will pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!

Posted by: psychohistorian | Mar 13 2023 0:14 utc | 105

Taibbi has certainly mentioned Julian Assange a lot in print and in videos. e.g.
https://www.investmentwatchblog.com/matt-taibbi-the-espionage-act-gets-an-instant-makeover/ from August 17 2022.
that’s not “in all of his writing…absolutely refuses to say anything about Wikileaks and Julian Assange”.

Posted by: pretzelattack | Mar 13 2023 0:22 utc | 106

The new world based on merit will not treat these folks well
Posted by: psychohistorian | Mar 13 2023 0:00 utc | 101
Obviously, you wouldn’t whitewash the most vicious private equity banks as “public banks”.
105/”Jero” must be the NAFO (no ah fuck oh) boy lol
Once again, they condemned communism at a time when capitalism was in crisis.

Posted by: Colin | Mar 13 2023 0:29 utc | 107

Posted by: pretzelattack | Mar 13 2023 0:22 utc | 107
That’s literally the only example of him putting Assange first and foremost in any of his writings over the past 3 years, and to my knowledge the only one where he even mentions him.

Posted by: Tom_Q_Collins | Mar 13 2023 0:37 utc | 108

Posted by: Roger | Mar 12 2023 21:54 utc | 76

An EV and EV-battery price war has broken out in China which is bringing EV costs to the same level of internal combustion engined vehicles.

This video popped up on the right column of YouTube for me last week. BYD has a new (electric of course) small hatchback, the Seagull, selling in China from $8,800. Absolutely extraordinary. It’s predicted to destroy the Japanese EV industry.
https://www.youtube.com/watch?v=fyOVxd-lnNc
BYD are really on a roll. When I first came to China it was fairly rare to see a Chinese car (apart from old rusting models), but the situation is reversing now quite quickly and there seems to be a new make on the road every week, all are electrics. All our taxis and buses are BYD. I am past driving age now or I would buy one, but realistically a car is unnecessary in the city with public transport being so effective, and impractical for long journeys elsewhere.
A curious aside about buses: last week there was a piece on the local news saying that the buses are running around virtually empty because the roads are choked with traffic and everyone is turning to the MTR, there seems to be a new line opening every month.
Karlof1 @89. Danyuanruci. A situation devoutly to be hoped for.

Posted by: Walt | Mar 13 2023 0:37 utc | 109

And on top of that the only reason he wrote it was the fact that Trump was being (allegedly) investigated under the Espionage Act.

Posted by: Tom_Q_Collins | Mar 13 2023 0:39 utc | 110

someone wrote: “Dow futures jump 300 points as regulators announce backstop of SVB depositors”
Notice, the TPTB bailed out the depositors but the owners of the bank still lose money invested in the bank.
The TPTB could have bailed out the owners of the bank also, if they had wanted to. The Fed could have saved this bank by accepting the treasury securities as collateral at face value and loaned the bank the money that would have allowed it to continue operating.
So it seems to me, there has to be something still not explained about this bank’s balance sheet.
The Fed and US banks and federal govt. trust funds combined hold about half the total federal debt and practically all of those Treasury Securities have a current market value of less than their face value.

Posted by: jinn | Mar 13 2023 0:45 utc | 111

jinn @112 someone wrote: “Dow futures jump 300 points as regulators announce backstop of SVB depositors”
I didn’t write it. That was a CNBC headline. Seems to me the TPTB don’t want the streets full of angry bank depositors.

Posted by: dh | Mar 13 2023 0:56 utc | 112

What is perhaps most remarkable, and illustrates the determination by the parties to strike a deal without the influence of spoilers, is that Iranian and Saudi intelligence delegations met in the Chinese capital for five days without Israeli intel being aware of the fact.
Posted by: karlof1 | Mar 12 2023 23:58 utc | 100
Extraordinary and significant.
If true.

Posted by: Scorpion | Mar 13 2023 1:11 utc | 113

AMPAS boycotted Volodymyr Zelenskyy but invited Yulia Navalnaya and both of her children.
https://twitter.com/nexta_tv/status/1635049939238813696

Posted by: Lampyr’s Beauty | Mar 13 2023 1:21 utc | 114

continuing my post @ 99 on the huge Bailout Announcement
Senators have been briefed on the banking crisis. ALL depositors will be bailed out – uninsured and insured
ZH’s: in depth article

[.]
More from the Fed statement:
After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolution of Silicon Valley Bank in a manner that fully protects all depositors, both insured and uninsured.
These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy.
The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.
Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window.
The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.
But wait, there’s more: concurrently with the Fed’s statement, the Treasury also issued a joint statement with the Fed and FDIC in which Powell, Yellen and Gruenberg all said that they are “taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.”
Additionally, the trio announced that all depositors at Silicon Valley Bank will be bailed out, as will the depositors of New York’s Signature Bank, which has just failed as well, and whose depositors will be made whole after invoking a “systemic risk exception”
After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpWhile depositors are safe, creditors and equity holders are not:
Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
The conclusion:
The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.
Translation: the Fed’s hiking cycle is dead and buried, and here comes the next round of massive liquidity injections. It also means that the Fed, Treasury and FDIC have just experienced the most devastating humiliation in recent history – just 4 days ago Powell was telling Congress he could hike 50bps and here we are now using taxpayer funds to bail out banks that have collapsed because they couldn’t even handle 4.75% and somehow the Fed has no idea![.]

The optics. Let this sink in.
The Empire has a financial crisis in the midst of war with Russia. The narrative, Russia is weak and losing to UKR.
UKR is off the radar for the next weeks as more banks go with their begging bowl, taking lessons from Ze.

Posted by: Likklemore | Mar 13 2023 1:23 utc | 115

I rarely link to any of Larry Johnson’s blog writings, but this is an exception, “RENDING AMERICA’S FABRIC OF LIES — IS IT POSSIBLE?” (all Caps original), as it closely relates to what I just commented to Roger on the Ukie thread. Here’s a short sample from Larry:
“When you are lying to yourself about yourself you endanger yourself. Let’s say you are five foot eight and weigh 260 pounds. Instead of admitting you are a fat slob and in danger of becoming a diabetic, you continue to eat sugar saturated food and insist you are healthy. It does not matter what you believe about yourself, biology and medical facts will catch up to you and you are not likely to have a long life.
“The same principle about the adverse consequences of self-delusion apply to nation states. America, in particular, is at a precarious moment in its history and is behaving like a cocaine addict who also loves an occasional hit of fentanyl. The United States has not yet overdosed, but it is only a matter of time before its continued excesses — economically, socially and militarily — will produce a fatal crisis.”
His commentary is aimed at residents of the Empire, although there exist many in the international audience who are just as flimflammed about both the Outlaw US Empire and their own nation.

Posted by: karlof1 | Mar 13 2023 2:04 utc | 116

Walt @110–
Thanks for that info. What’s the meaning of the saying you provided as translators are failing me?

Posted by: karlof1 | Mar 13 2023 2:11 utc | 117

dh wrote: “Seems to me the TPTB don’t want the streets full of angry bank depositors. Seems to me the TPTB don’t want the streets full of angry bank depositors.”
Yes, they decided that is what they wanted some 90 years ago when they created the FDIC to ensure that banks would not become illiquid due to deposit withdrawals.
As I said before they could have provided this bank liquidity without loss weeks ago but for some reason chose not to. That would have saved not just the depositors but also saved the bank owners. There must be some part of this story that has not as yet been revealed…
Posted by: Likklemore | Mar 13 2023 1:23 utc | 116 ” ALL depositors will be bailed out – uninsured and insured”
The banks balance sheet shows it has assets worth many billions more than it owes to depositors, so there never was any reason to think that all depositors were not going to get their money eventually.

Posted by: jinn | Mar 13 2023 2:36 utc | 118

Pope drops his mask again, “Nicaragua Suspends Relations with Vatican After Pope Compares Ortega to Hitler”. Article’s intro:

The break in diplomatic ties comes after months of increasingly hostile rhetoric from the Catholic Church, which openly supported an attempted coup d’etat that left hundreds of Nicaraguans dead in 2018 by collecting money and supplies for rioters.
Nicaraguan authorities confirmed Sunday that there’s been a ‘suspension of diplomatic relations’ with the Holy See after Pope Francis compared Nicaraguan President Daniel Ortega to notorious Nazi dictator Adolf Hitler.
The Foreign Ministry of Nicaragua issued a statement affirming the news after reports emerged that the Vatican Embassy in Managua and the Nicaraguan Embassy to the Vatican in Rome had both been closed.

Apparently, a clergy member was caught red-handed aiding potential Color Revolutionists and now resides in prison. Article has details.

Posted by: karlof1 | Mar 13 2023 2:41 utc | 119

More action on China’s Persian Gulf Peace Offensive, “China Plans to Host Summit of Persian Gulf Countries, Iran This Year”, but apparently this is old news that’s just now being reported within the Empire:
“Chinese President Xi Jinping has offered the Arab states of the Persian Gulf and Iran to hold a summit in Beijing this year, The Wall Street Journal reports citing sources.
“Xi made the proposal at a regional summit in Saudi Arabia’s capital of Riyadh last December, sources told the newspaper on Sunday, adding that a summit between Iran and the six-nation Gulf Cooperation Council (GCC) should take place in 2023.”
The Multipolar World is starting to march, and there’s little the Empire can do to stop it.

Posted by: karlof1 | Mar 13 2023 2:48 utc | 120

Petri Krohn #13

Interest rates have risen even more this year, so SVB most likely had more unrealized losses. The problem is not unique to SVB, all US banks have similar hidden losses in their books. The root cause of the problem is the helicopter money distributed by the FEB. With no need for loans banks had to park the money somewhere. The obvious choice was government guaranteed securities. But someone had to carry the interest rate risk.

Banks with no need for loans…
A bank that is finished with loans is a bank without common sense or even economic purpose other than a (perhaps) secure deposit box.
The reason loans went away is maybe something to do with five decades of de-industrialising the USA to make happy oligarchs at home and cashed up fat banking pals. Add to that the decade prior to 2008 where home loan borrowers were dragged in and lost the hide off their back and their house. Banks usually lend to industry and home construction/purchase do they not? So why did the loans go away if not the above. Are banks perceived as entirely toxic in the USA?
“someone had to carry the interest rate risk” yeah, that’s what banks typically do in conjunction with borrowers adjusting deposit/loan rates to follow whatever the trend is. Or are you suggesting that the free lunch days are a given for ALL players? That is a mighty odd banking system imo.
I cant but think that I am only getting part of the story and blame shifting is SVB, FTX, etc modus operandi now that we are sitting in the ruins.

Posted by: uncle tungsten | Mar 13 2023 2:50 utc | 121

The banks balance sheet shows it has assets worth many billions more than it owes to depositors, so there never was any reason to think that all depositors were not going to get their money eventually.
Posted by: jinn | Mar 13 2023 2:36 utc | 119
The balance sheet doesn’t consider the unrealized PnL.

Posted by: Colin | Mar 13 2023 3:01 utc | 122

The real problem is the over-leveraged private equity funds and other “alternative investment methods”. The deeper problem is the long-term decline in growth rates and the current far overheated economy.
There is always a way to die, it’s just a question of where.

Posted by: Colin | Mar 13 2023 3:04 utc | 123

@ karlof1 | Mar 12 2023 23:50 utc | 98
thanks for the hudson link…
@ 101 pscyhohistorian.. colin was right.. i thought so too..

Posted by: james | Mar 13 2023 3:17 utc | 124

link to seymour hersh interview on sunday with CTGN -28 minutes..
https://youtu.be/2Ev4cMILOXc

Posted by: james | Mar 13 2023 3:37 utc | 125

Posted by: karlof1 | Mar 13 2023 2:11 utc | 118
danyuanruci = hopefully
I think literally if only it were so
Your valuable contributions mong many others much appreciated among the dross.

Posted by: Walt | Mar 13 2023 3:48 utc | 126

Posted by: karlof1 | Mar 13 2023 2:11 utc | 118
By the way, BYD stands for Build Your Dreams. It’s written in English (correctly – there used to be a Volov parked around here) on the rear of every vehicle.
One of the things that would surprise a visitor to China is the amount of English in the public sphere. Road signs, shop names, on T shirts, often badly translated but at least they make the effort. Can you imagine seeing road signs in both English and Chinese in the USA? – (well in Chinatown maybe, I don’t recall) – the New York Times would go nuts.
Yes, we are all building our dreams of the multipolar world you describe.

Posted by: Walt | Mar 13 2023 4:22 utc | 127

Walt @127–
Thanks for your reply and clarification. You can either flow with Nature or try to use its assets to make things so while still honoring Nature. The Plundering nations have dishonored Nature for many centuries, but the advantages they once had are no more. The rest of humanity now have an opportunity that hasn’t existed in centuries to move well beyond the stasis of the status quo and evolve. When properly articulated, this idea and opportunity resonates and motivates. That’s what Russia and China have busily been doing over the last ten years–informing the world of the possible and plausible.

Posted by: karlof1 | Mar 13 2023 4:26 utc | 128

Walt @128–
Thanks for your further reply. I’ve looked into BYD and other Chinese auto brands as part of my research and am impressed. When I wrote my Chinese economic thesis in 2000, I knew all these accomplishments were possible provided peace could prevail for China. I just hope I’ll be able to visit China before I’m gone along with most of Eurasia. I see China’s anticipating the increased electricity demand E-cars will create and planning accordingly, something Europe and the Empire ignore.

Posted by: karlof1 | Mar 13 2023 4:34 utc | 129

Posted by: karlof1 | Mar 13 2023 4:34 utc | 130
Will be happy to assist if you plan to come to Shenzhen. But don’t wait too long or I’ll be gone! And not back to Britain.

Posted by: Walt | Mar 13 2023 4:54 utc | 130

Posted by: karlof1 | Mar 13 2023 2:04 utc | 117
“Wearing masks and taking vaccines prevents you from catching COVID.”
Wearing the right kind of masks in the correct way sure as fuck does prevent you from catching (and spreading) COVID in a public setting. Even in a home where there is adequate air filtration and the ability to separate from an infected member of the household.
For the millionth time, it’s simple aerosol/droplet physics. Even a shitty cloth mask *physically* limits the distance any droplets or certain aerosols can travel from your face to my nose. I appreciate Larry Johnson’s work, but for fuck’s sake. Masks DO work – IF using the proper mask and wearing it properly.

Posted by: Tom_Q_Collins | Mar 13 2023 6:05 utc | 131

the rich always get bailed out…
Posted by: james | Mar 12 2023 17:05 utc | 26

Not always. But the woke friends of the people in charge are “special”. If it was a MAGA bank, they would arguably do nothing.
But again, in true free market, there would be no bailout. The bank would go bankrupt. The managers fired and sued. And the shareholders, creditors and even customers would lose their money.

Posted by: Vikichka | Mar 13 2023 6:17 utc | 132

Tom_q_collins
Total bullshit.

Posted by: Orgel | Mar 13 2023 6:43 utc | 133

Posted by: Orgel | Mar 13 2023 6:43 utc | 134
Go ahead and prove to us how a barrier of any kind – fabric/mesh/impassible – is not capable of stopping or limiting the spread of any airborne particle of any kind.
Are you implying that COVID is spread by eye contact or something, FFS?
If what you’re saying is how I correctly interpreted it, you’re the one full of bullshit. And you can’t prove otherwise.

Posted by: Tom_Q_Collins | Mar 13 2023 6:46 utc | 134

In the meantime I present the following:
https://www.cidrap.umn.edu/covid-19/study-masks-vs-n95-respirators-health-workers-spurs-concerns
https://www.ama-assn.org/delivering-care/public-health/what-doctors-wish-patients-knew-about-wearing-n95-masks
https://www.wired.com/story/the-physics-of-the-n95-face-mask/
And the American Institute of Physics says: https://publishing.aip.org/publications/latest-content/face-masks-slow-spread-of-covid-19-types-of-masks-length-of-use-matter/
For God’s sake. The RIGHT kind of masks work very well when worn the RIGHT way at the RIGHT time. Saying anything otherwise is confession to having a 2nd grade level understanding of basic fluid dynamics and aerosol/droplet airborne physics.

Posted by: Tom_Q_Collins | Mar 13 2023 6:50 utc | 135

Posted by: Orgel | Mar 13 2023 6:43 utc | 134
I’ll wait for your rebuttal, bullshitter.

Posted by: Tom_Q_Collins | Mar 13 2023 6:51 utc | 136

But again, in true free market, there would be no bailout. The bank would go bankrupt. The managers fired and sued. And the shareholders, creditors and even customers would lose their money.
Posted by: Vikichka | Mar 13 2023 6:17 utc | 133
Speaking of utter bullshit. LOL. https://internationalbanker.com/history-of-financial-crises/the-savings-and-loan-crisis-1989/
As if a non “woke” megabank wouldn’t get bailed out by the socialism for the rich, capitalism for the poor and middle class US gov’t and financial system.
You’re a caricature.

Posted by: Tom_Q_Collins | Mar 13 2023 6:59 utc | 137

You’re a caricature.
Posted by: Tom_Q_Collins | Mar 13 2023 6:59 utc | 138
Says the person who believes masks stop you from catching a virus.

Posted by: Vikichka | Mar 13 2023 7:05 utc | 138

Tom_Q_collins @ 132…136
Thank you for that. Although I didn’t see it coming. You started something there.
I didn’t have the jabs, none of them.
I did,nt get the virus. Not once.
I did wear the mask when necessary
I did avoid crowds and especialy in confined places.
My body is clean from some experimental bio warfare chemical.
The mask works folks as Tom says, it really is that simple.
Now ask how many lives did it save.
And how many people did you infect by not using one, plus how many of those died. Not wearing masks also prolonged the outbreak.
Thanks, your another rock on this site.
I always read.

Posted by: Mark2 | Mar 13 2023 7:11 utc | 139

Posted by: Vikichka | Mar 13 2023 7:05 utc | 139
You left out part of it. The right kind of masks worn properly in the correct situation prevent you from catching AND spreading ANY virus. Or do you want to explain to us how COVID-19/COV SARS 2 is somehow above the laws of particle/fluid physics? My challenge to Orgel is open to you as well. Prove to us all how this particular virus is not subject to simple physics. I’ll wait.
Nice pivot, BTW. Where’s your defense of socialism for the rich and capitalism for the poor? You think that these bank non-bailouts should happen in a vacuum, as though pensions and public accounts haven’t been forced to participate in this ridiculous derivatives market and that everything would be OK if the failing banks, with executives and major shareholders, are allowed to sell their shares in the days or weeks before they know their enterprise will fail, but that everyone else has to bear the costs?
Not only is your understanding of socialism is kindergarten level, you have zero idea about how anything really works in the present day real world. People like you need to go read some more Ayn Rand fairy tales and let the more serious adults try to fix this rotten system.

Posted by: Tom_Q_Collins | Mar 13 2023 7:11 utc | 140

Posted by: Mark2 | Mar 13 2023 7:11 utc | 140
Appreciate the feeback! And note what was tried there. They attempted to conflate mRNA vaccines with masks and claim that both are equally ineffective and even dangerous. Masks – the RIGHT kind – are just simple freakin’ physics. The mRNA vaccines? Not even I am willing to defend them at this time. But it’s disingenuous of people to try to make ‘us’ defend both in the same rebuttal. Masks are not mRNA vaccines.

Posted by: Tom_Q_Collins | Mar 13 2023 7:14 utc | 141

Tom_Q_collins
Ha ha yep, how can seemingly intelligent people not get it. It’s so simple.
Confirmation bias is the psychological term.
You could write a book on that alone and its affects. As a biproduct of misinformation and propaganda.

Posted by: Mark2 | Mar 13 2023 7:24 utc | 142

Posted by: Tom_Q_Collins | Mar 13 2023 7:11 utc | 141
Arguing about masks is so 2020. The argument usually goes like this.
– masks stop you from catching a virus.
– but see proof: person XYZ wore a mask and still caught the virus.
– that’s because XYZ either: didn’t wore the RIGHT mask, didn’t wore it the RIGHT way.
No matter how many studies you read about masks not stopping you from catching a virus. No matter how many millions of real life examples you see. You’ll believe whatever fits your world view.

Posted by: Vikichka | Mar 13 2023 7:24 utc | 143

Vikichka @ 144
Pure psychological projection on your part.
Put simply you were taken for a fool and cant bring yourselves to admit it. Sorry but it’s true.
As Boris Johnson said ” let the body’s pile high” “herd imunity”
Disgusting man.

Posted by: Mark2 | Mar 13 2023 7:31 utc | 144

Posted by: Mark2 | Mar 13 2023 7:31 utc | 145
Why do you think I care about your opinion? You can believe whatever makes you happy, no matter how ridiculous it is. It is my duty to only say that I disagree with you – Ayn Rand said so.

Posted by: Vikichka | Mar 13 2023 7:39 utc | 145

Vikichka @ 146
Don’t take it personnel.
You score 9 out of 10 becouse your reading this blog.
And I meen that as a compliment
You need a thick skin on here but it’s worth it. I know fist hand.
Tough it out and learn.

Posted by: Mark2 | Mar 13 2023 7:53 utc | 146

Here in the UK Doctors are on strike today dont get ill.
No sport over last weekend on the beeb. The presenters walked out.
And the beeb did a half decent job on reporting the bank crash,
Just another day in dystopia.

Posted by: Mark2 | Mar 13 2023 8:02 utc | 147

Posted by: Mark2 | Mar 13 2023 7:53 utc | 147
LOL

Posted by: Vikichka | Mar 13 2023 8:08 utc | 148

Michelle Yeoh wins Oscar as Best Actress. Deservedly so, she’s one of my favorites, a real class act and still beautiful at 60.
NPR says she is the first actress “who identifies as Asian” to win an Oscar.
The entire Twitterverse comes down on them, pointing that she doesn’t “identify as Asian, she IS Asian.” IOW, fuck this “Woke” BS “identifies as”.
I posted an Effin’ Birds picture with the capture “How In the Christ Are You Still Employed” to NPR’s Twitter account. LOL

Posted by: Richard Steven Hack | Mar 13 2023 9:15 utc | 149

Borrowing against bonds at par rather than market value is some wild shit.

Posted by: too scents | Mar 13 2023 10:17 utc | 150

An interesting analysis of Wang Huning, the strategist who enhanced Jiang Zemin, Hu Jintao and now Xi Jinping in pole position: https://www.youtube.com/watch?v=BsUBFEnkD6k

Posted by: Antonym | Mar 13 2023 10:41 utc | 151

Posted by: Vikichka | Mar 13 2023 7:24 utc | 144
an umbrella doesn’t 100% stop you from getting wet. please don’t quote that mishmash of a study recently touted as proof that masks don’t work. they do to an extent. one poster above said it best, “it’s just physics”.

Posted by: pretzelattack | Mar 13 2023 11:04 utc | 152

meanwhile another bank bites the dust. oh oh.

Posted by: pretzelattack | Mar 13 2023 11:06 utc | 154

https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/
third largest bank failure in US history, according to the article.

Posted by: pretzelattack | Mar 13 2023 11:07 utc | 155

So it’s not all over then, bang goes credabilty of the media and politicians, what ever they say expect the opposite.
As in when some one says…
Don’t panic, don’t panic thats the time to panic.

Posted by: Mark2 | Mar 13 2023 11:37 utc | 157

an umbrella doesn’t 100% stop you from getting wet. please don’t quote that mishmash of a study recently touted as proof that masks don’t work. they do to an extent. one poster above said it best, “it’s just physics”.
Posted by: pretzelattack | Mar 13 2023 11:04 utc | 153

Great analogy.
An umbrella protects so you get only a little bit of wet and a mask protects so you get only a little bit of sick. Science!

Posted by: Vikichka | Mar 13 2023 11:54 utc | 158

Posted by: Vikichka | Mar 13 2023 11:54 utc | 159
yeah, and brakes protect so you get only injured instead of dead. science. mask stop you from getting covid sometimes, any aerosol spread contagion. more science. you want bad science, tout the Cochrane study, that’s bad science. a smaller chance of getting it is better than a larger chance of getting it.

Posted by: pretzelattack | Mar 13 2023 11:57 utc | 159

Another corollary, if Jim Krammer recommends anything, sell as fast as possible.

Posted by: Immaculate deception | Mar 13 2023 12:00 utc | 160

mask stop you from getting covid sometimes
Posted by: pretzelattack | Mar 13 2023 11:57 utc | 160
Totally.
My crystal ball makes correct predictions about the future sometimes. When it’s wrong, it’s not that the crystal ball doesn’t work. It works!.. Sometimes.

Posted by: Vikichka | Mar 13 2023 12:27 utc | 161

Posted by: Vikichka | Mar 13 2023 12:27 utc | 162
there’s a mechanism for masks working. there isn’t one for your crystal ball working. meanwhile, the Cochrane editor is apologising for the way the study has been misinterpreted by people like you.

Posted by: pretzelattack | Mar 13 2023 12:40 utc | 162

Thanks, b, for another week in review! I’ve just started into it, read the first two articles (as much as I can, didn’t get past the paywall on the second), and I have a question about the politics of Donbas.
In the battle for Bakhmut, WaPo describes Ukrainians fighting Wagner mercenaries and Russians. I’m assuming the Russians are from the DPRK militias? Are there any substantial numbers of Kremlin- commanded Russian armed forces engaged in that battle? I’m wondering what’s at stake in this area politically? How is the DPRK to be governed? Will it be kind of autonomous, like Chechnya? What are the intentions of Wagner group for the territories that it conquers? The WaPo piece quotes a Ukrainian soldier as saying they’ll never leave. Is that true? Would Prigozhin be given his own chunk of the Donbass, more or less, due to occupying it with his mercenaries?

Posted by: Bruised Northerner | Mar 13 2023 12:40 utc | 163

@ Bruised Northerner | Mar 13 2023 12:40 utc | 164
Which article ? Max Abrahms – Atlantic ? Can likely link an accessible archive copy if you specify.

Posted by: Outraged | Mar 13 2023 12:48 utc | 164

Apologies if this has already been posted. Brazilian President Lula da Silva gets former President Dilma Rouseff to head BRIC’s Bank replacing Bolsonaro appointee and giving his twiddling thumbs a long needed rest.
https://www.theweek.in/news/world/2023/02/12/dilma-rousseff-at-ndbs-helm-inside-her-resurgence-as-the-head-of-the-brics-bank.html

Posted by: Jun | Mar 13 2023 12:51 utc | 165

Outraged @ 165
Yep, that’s the one, that speaks of something about the desire to recreate the USSR and do on and so forth. Thanks for the post, much appreciated!

Posted by: Bruised Northerner | Mar 13 2023 13:15 utc | 166

@ Bruised Northerner | Mar 13 2023 13:15 utc | 167
Here ya go, snapshot is from Mar08’23. Cheers.
I Teach International Relations. I Think We’re Making a Mistake in Ukraine. – Max Abrahms – Atlantic archive.md
PS If anyone ultimately has trouble accessing MoA Thread links, please advise, given increasing fragmentation/censorship/restricted access across the ‘net globally, can occur due myriad reasons. Many posters would be able & happy to assist. For anyone that does so, there’s likely hundreds remain lurking, who also benefit. 😉

Posted by: Outraged | Mar 13 2023 13:31 utc | 167

@ Jun | Mar 13 2023 12:51 utc | 166
The good news just keeps on rollin’ in. 🙂

Posted by: Outraged | Mar 13 2023 13:32 utc | 168

Holy Crap. Bond yields are getting crushed.

Posted by: too scents | Mar 13 2023 13:47 utc | 169

Posted by: too scents | Mar 13 2023 13:47 utc | 170
Inflation is gonna go through the roof. Germany core inflation already at 9% and food inflation 21 %.

Posted by: unimperator | Mar 13 2023 13:55 utc | 170

Posted by: unimperator | Mar 13 2023 13:55 utc | 171
Expecting gold @ at least $2500, heck $3000, by the end of the year?

Posted by: unimperator | Mar 13 2023 13:56 utc | 171

Posted by: pretzelattack | Mar 13 2023 11:57 utc | 160
a smaller chance of getting it is better than a larger chance of getting it.
___________________________________________________________
It isn’t just the increased probability of getting it without masks. Animal studies have shown there is a direct relationship between how many virus particles one is exposed to and mortality rates.
Also, masks are far more effective if the person who is infected is wearing the masks.
All you have to do is look at the reduced covid death rates in places with dense populations where the entire population is wearing masks compared to death rates in densely populated places where only some people wear masks.

Posted by: jinn | Mar 13 2023 14:00 utc | 172

Kremlin explains its ‘only option’ (Military) in Ukraine – RT, swentr

In the absence of conditions for peace, military action is required to achieve Russian goals, Press Secretary of the President of Russia D. Peskov said
There are currently no conditions for a peace settlement in Ukraine, meaning Russia has no other option but to keep fighting, Kremlin spokesman Dmitry Peskov has argued.
“The absolute priority for us remains and will always remain reaching the goals that we’ve set for ourselves. At this point in time, they can only be achieved through military means,” the official told journalists on Monday.
Peskov was reacting to an article penned by veteran German diplomat Wolfgang Ischinger, who served as chair of the Munich Security Conference for over a decade. In a piece published by Der Tagesspiegel on Sunday, Ischinger urged Western leaders to “start thinking about a peace process now” and create a special political contact group for the Ukraine conflict.
“In addition to arms deliveries and financial support, we have to offer perspectives to the growing chorus of questions by critics,” he argued.
German diplomatic giant suggests way to resolve Ukrainian conflict
Read more
German diplomatic giant suggests way to resolve Ukrainian conflict
According to Ischinger’s proposal, the contact group would be led by the US, UK, Germany and France, with other nations and international organizations, including NATO, forming an “outer circle” of participants to lend legitimacy to any draft documents.
The group’s task would be to prepare a ceasefire agreement and other paperwork to form the backbone for a post-conflict period. It would work alongside the so-called Ramstein Group, which funnels Western military aid to Ukraine. Ischinger stressed that the new initiative would not put pressure on Ukraine to negotiate.

Posted by: Outraged | Mar 13 2023 14:24 utc | 173

there’s a mechanism for masks working. there isn’t one for your crystal ball working.
Posted by: pretzelattack | Mar 13 2023 12:40 utc | 163

ROFL.

Posted by: Vikichka | Mar 13 2023 14:25 utc | 174

@ 81 is not me
Posted by: psychohistorian | Mar 13 2023 0:00 utc | 101
That was clear to me by the 1st paragraph. Either not you or great satire. I still replied in case the wannabe arsonist hangs around.

Posted by: Mary | Mar 13 2023 14:36 utc | 175

“Wearing masks and taking vaccines prevents you from catching COVID.”
Posted by: Tom_Q_Collins | Mar 13 2023 6:05 utc | 132
Of course not.
Otherwise we wouldn’t have seen a pandemic.
Procedure masks are used in professional settings for short time – like a few minutes then thrown off.
If longer use needed other mask types are used for surgery intensive care, etc (costly and still often changed during procedures).
There are germs beyond Covid that loves moisture and warmth as found in a used mask …
Wearing procedure mask – or even worse self-made ones – for longer time is keeping a germ clogged dirt bag close to your nose and mouth.
The nocivity of it should be obvious and it has been well documented since the pandemic and mask mandates.
Don’t want Sars Cov 2 ?
Go to the moon – & dont forget to wash your hands before boarding …

Posted by: Greg Galloway | Mar 13 2023 14:42 utc | 176

Good day “b”!
How about a thread on US banks?

Posted by: Greg Galloway | Mar 13 2023 14:43 utc | 177

Alistair Crooke lays about him with his cudgel:
This unravelling speaks to a failure to satisfactorily resolve liberal modernity’s inherent contradictions. Or, rather its unravelling derives from the choice to resolve a waning legitimacy, through an ever more totalistic and ideological reaching for hegemony.
One such window has been the sordid affair of the UK pandemic lockdowns – as revealed by a paper trail leak of 100,000 ministerial WhatsApp messages, managing the lockdown project.
What did they show (in the words here of pro-government leading political commentators)? An ugly picture of how a western Establishment interacts in adolescent sniping at each other, and in its utter disdain for the populace.

Betting All on Hegemony; Risking All, To Stave Off Ruin

Posted by: Bemildred | Mar 13 2023 14:53 utc | 178

The virus is still there, you would’nt know if you follow the news.
6 cases I’v heard of in the last 24 hours, within a metaphorical stones throw from my front door. 4 in one house two elderly cought on a hospital appointment gave it to 2 big strapping lads of 40. All had had 6 jabs.
Another 2 in 70’s couple both contracted pneumonia thankfully survived, both had had all 6 jabs.
I live on the edge of a sleepy little village in the middle of nowhere.

Posted by: Mark2 | Mar 13 2023 14:59 utc | 179

It just keeps getting better. They are now telling that government funding for the “Ecohealth Alliance” and gain-of-function research is up to double what was previously reported. It raises question that what else is lied/frauded when it comes to expenses. The whole financial system is an illusion.
https://twitter.com/RWMaloneMD/status/1635294724851666950

Posted by: unimperator | Mar 13 2023 15:03 utc | 180

@ Greg Galloway | Mar 13 2023 14:43 utc | 178

Current Trading Halts ==> https://pbs.twimg.com/media/FrG4XbTaQAMtmFP?format=jpg

Posted by: too scents | Mar 13 2023 15:04 utc | 181

NYSE, Trading has been halted for multiple banks …
U.S. Regional Bank Stocks Now:
1. Western Alliance, $WAL: -75%
2. First Republic, $FRC: -65%
3. Zions Bancorp, $ZION: -43%
4. PacWest, $PACW: -41%
5. Comerica, $CMA: -33%
6. Fifth Third, $FITB: -20%
Markets are betting that SVB’s collapse broke the regional bank system.

Posted by: Outraged | Mar 13 2023 15:09 utc | 182

best way to win an oscar????
find something to poke russia in the eye with…………
——————–
@ Outraged | Mar 13 2023 15:09 utc | 183
the plunge protection team are on it, lol… i am already feeling sorry for millionaires, lol..

Posted by: james | Mar 13 2023 15:16 utc | 183

So i know nothing about the banking system but…..
At what momment, with absolutely no warning will they put a low limit on how much you can draw from the bank in any one week ?
Even I can see it coming, I have none in the bank. Those who said “let’s wait and see ” will have only themselves to blame.
Sheeple !

Posted by: Mark2 | Mar 13 2023 15:23 utc | 184

@ james | Mar 13 2023 15:16 utc | 18
Am not re-assured. Spare a thought for the billionaires, even bigger losses, no ? 😉
The Sirius Report – Twitter

32m
So there is the perception of a financial crisis looming and yet we see the dumping of the dollar for the pound, yen, euro, yuan, Swiss franc, Aussie dollar etc
42m
UK govt cleared the way for HSBC to buy the UK arm of Silicon Valley Bank by waiving certain restrictions on what types of customers could be taken on by its UK retail bank, related to not allowing complex corporate customers to be housed within ring-fenced banks.
47m
Who is currently backstopping the US Treasury markets because it is very obvious there is a move to drive down yields, given ongoing developments.
Or are we seriously supposed to believe that the very institutions with massive unrealised UST losses are buying more?
55m
Note: US Treasury will make available up to $25bn from the Exchange Stabilisation Fund as a backstop for the BTFP, Bank Term Funding Program.
1h
Clown show continues: Biden claims that he will seek stronger regulations for the banking sector.
1h
First Republic Bank down 66%
4h
The recent actions of the Fed and other agencies has effectively turned what little credibility there was left in the US financial system into it now being the laughing stock of the world. There will be profound consequences for such actions.
7h
The obvious question in light of developments at the SVB is what’s the net worth of the Fed, given its clearly negative?
The next question is what’s the net worth of other financial institutions, with large bond portfolios, on this basis?

Posted by: Outraged | Mar 13 2023 15:24 utc | 185

At what momment, with absolutely no warning will they put a low limit on how much you can draw from the bank in any one week ?
Posted by: Mark2 | Mar 13 2023 15:23 utc | 185

Never. The money will just become worth less and less.
https://i.imgur.com/JGDohQP.jpg

Posted by: too scents | Mar 13 2023 15:26 utc | 186

Tom_Q_Collins @132–
You try to quote me writing something I didn’t hoping others won’t check. Putting words in my mouth in that manner is utterly uncouth, immoral and renders you a non-credible troll. That’s been tried before and fails profoundly.

Posted by: karlof1 | Mar 13 2023 15:28 utc | 187

Betting All on Hegemony; Risking All, To Stave Off Ruin
Posted by: Bemildred | Mar 13 2023 14:53 utc | 179
Thank you for this, Bemildred! It comports with what I, knowing so little about the intricacies of finance this morning say: that this essay extends to that world as well, as if FDR said to the oligarchs of his era- “Full steam ahead!” when they had reached their impossible impasse – and into the Valley of Death rode the one percent! We shall soon witness the alternative to his bold and perceptive solution to the problem.
It doesn’t have to be that way, and fortunately for mankind it isn’t that way.
In contrast to western Christianity, which is (somewhat)patriarchal, there is eastern Christianity which is (much more) matriarchal! No, not “feminine” — (there is a difference.)
Matriarchal
Please debate me on this issue. It is the crux of the matter. And even if you don’t wish to debate, I will have more to say; but you already knew that!

Posted by: juliania | Mar 13 2023 15:28 utc | 188

Good Morning barflys! I see another boring week ahead of us/s
Below is a quote from a ZH piece that supports my call of China rising to mediate the empire/Ukraine against Russia situation

Update(10:56ET): Closely on the heels of Reuters reporting that Xi’s trip to Moscow is likely to come as soon as next week, The Wall Street Journal writes that the Chinese leader has accepted Zelensky’s request to meet, albeit virtually. The talk is expected to happen after Xi first meets with President Putin in Moscow.
“Chinese leader Xi Jinping plans to speak with Ukrainian President Volodymyr Zelensky for the first time since the start of the Ukraine war, likely after he visits Moscow next week to meet with Russian President Vladimir Putin, according to people familiar with the matter,” WSJ reports Monday.
“The meetings with Messrs. Putin and Zelensky, the latter of which is expected to take place virtually, reflect Beijing’s effort to play a more active role in mediating an end to the war in Ukraine, some of the people said.”
All of this suggests that Beijing’s role as an influential mediator, at a moment Washington has remained resistant to seriously pursuing peace in Ukraine, is gaining traction in both Moscow and Kiev.

Posted by: psychohistorian | Mar 13 2023 15:28 utc | 189

Major European markets all showing losses at the moment, ranging from 2.2% for the FTSE to 3.7% for the FTSE MIB.
https://www.marketwatch.com/

Posted by: West of England Andy | Mar 13 2023 15:32 utc | 190

@ psychohistorian | Mar 13 2023 15:28 utc | 190
Purloining the Brits penchant for understatement ? LOL 🙂

Posted by: Outraged | Mar 13 2023 15:35 utc | 191

The RIGHT kind of masks work very well when worn the RIGHT way at the RIGHT time. .
Posted by: Tom_Q_Collins | Mar 13 2023 6:50 utc | 136
Cloth, surgical & N95 masks are designed to stop droplets. For limitations, just read the insert for N95 masks…
The masks above reduce aerosolized virus exposure iirc by at best about 10%.
Note, the pertinent question is not is a respiratory virus aerosolized, but *how long does it remain viable* in the air.
A 10% reduction in exposure is not necessarily enough to prevent possible infection, especially in busy public spaces where viable virus accumulates as it hangs in the air for some period of time.
(Eg, an unprotected person can catch measles just by walking through a room that a person with measles walked through 2 hours prior.
That is why masking is not considered sufficient to prevent measles spreading in a hospital setting. To work in a hospital you must either be vaccinated for measles or show sufficient antibody titers due to recovery from prior infection.)
The best, most reliable protection against infection from a respiratory virus is a healthy immune system. Quality diet & sunshine, with supplementation as needed (eg vite d3 in northern/southern winter), exercise, & light-moderate exposure to various pathogens to keep immune system primed.
You know, those things “the authorities” never recommended & in most places outright banned.
Retired med lab tech here. Masked only when required & enforced. To my knowledge never infected by covid, though certainly exposed.

Posted by: Mary | Mar 13 2023 15:36 utc | 192

Don’t want Sars Cov 2 ?
Go to the moon – & dont forget to wash your hands before boarding …
Posted by: Greg Galloway | Mar 13 2023 14:42 utc | 177
Iirc, after all available precautions, didn’t they have an outbreak in Antarctica?

Posted by: Mary | Mar 13 2023 15:40 utc | 193

Posted by: juliania | Mar 13 2023 15:28 utc | 189
Far from disagreeing with you, I am interested in what you have to say.
Regarding the first paragraph, I agree with what Croole says, the root is that the government has lost, or I would say thrown away, it’s legitimacy, and chosen oppression instead. They glory in it among themselves. If I remember right, that is what Emmanuel Todd was pointing at back in 2002: legitimacy, the consent of the governed. The Mandate of Heaven if you like. They thought they did not need anybody.
Now I will be silent.

Posted by: Bemildred | Mar 13 2023 15:41 utc | 194

@ Outraged | Mar 13 2023 15:24 utc | 186
maybe they slept in this morning! perhaps this ponzi scheme is getting a shit kicking and the ppt have left the building… hard to know… will reassess in the next few days.. thanks for your posts…

Posted by: james | Mar 13 2023 15:42 utc | 195

Markets are betting that SVB’s collapse broke the regional bank system.
i get more info on intel slava then yahoo finance..

Posted by: james | Mar 13 2023 15:44 utc | 196

@189 juliania
Oh, please…does the Eastern Church allow women to administer the Holy Eucharist? Are there girls on the altar during Mass?
If anything, the western church has slid more away from tradition (patriarchy) due to thr influence of protestantism and modern feminism.
The matriarchy you are describing may have more to do with Russian culture, in general, where the machismo of its males stands in stark contrast to the supportive and nurturing female. Think of Latinas cooking for their men in the kitchen and gossiping. There is power in the female here because the role is clearly defined and understood.
A Russian female vlogger I viewed once made the comment that Russian men are much more dependent on the female for this reason. She was shocked when encountering American men who were much more independent and did not encourage the woman to stay in the kitchen.
I pass no judgements on either only to make the comment that you may be describing a naturally cultural phenomenon. Not necessarily a religious one.

Posted by: NemesisCalling | Mar 13 2023 15:45 utc | 197

Karlof1 @ 188
I just looked (for the first time)
Nowhere in that comment did you even mention the virus or masks !
But interesting topic none the less.
Went on way to long, and couple of years to late.
But your credabilty is beyound reproach.
End of story.

Posted by: Mark2 | Mar 13 2023 15:48 utc | 198

Bemildred @179–
Thanks for linking the current Crooke essay. I must say the publication of “The Lockdown Files” in UK reveals much that Crooke uses to back his thesis that Liberalism has become a “radical Manichaeism” that’s transparent to RoW but remains invisible to those being subjected to it in the West as seen by the public’s reaction to the revelations contained in the “Files,” which are somewhat similar to those contained in the “Twitter Files.” Put the two together, and you have excellent grounds to indict both the US and UK governments for massive fraud and violation of their own stated values, particularly the US First Amendment. Crooke’s conclusion is spot-on:

The West is too dysfunctional and weak now to fight on all fronts. Yet there can be no retreat (without some de-legitimising humiliation of the West).
The West has gambled all on its fear-led, ‘emergency-crisis’ managed ‘control’ system to save itself. It’s hopes now are pinned on its ‘Beware! The big boss has gone angry-mad’ act; he might do anything’, which it hopes will cause the world to back-off.
But the Rest of World is not backing off – it is becoming more assertive. Fewer believe what the western Élites say; fewer still trust their competence. The West has recklessly ‘placed its bet’; it may lose all. Or, more dangerously, in a fit of anger, it may kick over others’ gaming tables.

The RoW is on the march, and if some tables get knocked over, they’ll be swiftly set right again. Again, Crooke wrote just prior to a major happening–the Banking Crisis brought about by Fed Policy Hudson explains so well. IMO, the West’s own tables are being bowled over by its own actions.

Posted by: karlof1 | Mar 13 2023 15:48 utc | 199

All of this suggests that Beijing’s role as an influential mediator, at a moment Washington has remained resistant to seriously pursuing peace in Ukraine, is gaining traction in both Moscow and Kiev.
Posted by: psychohistorian | Mar 13 2023 15:28 utc | 190

Unlikely, Xi has already been identified by Zelensky as representing Russia’s interests via the earlier peace proposal.
So unless Xi is going to outbid Zelensky’s current mob boss, nothing will come of it. What offer can Xi make that Zelensky cannot refuse.

Posted by: BaNNeD oN THe RuN | Mar 13 2023 15:49 utc | 200