The banking system is sound… asleep at the wheel. I agree with you that have said that we’re in for a wild ride. Dread, Mon, truly dread.

Posted by: Immaculate deception | May 2 2023 2:43 utc | 104

uncle tungsten | May 2 2023 2:53 utc | 105
The weasel words. Emil Cosman mentions weasel word or weasels often. I assume they are not a very nice creature. Tin foil hats talk lizard people,
To me, the human scum we look at are just that. Human scum. Bounties should be posted for their scalps

Posted by: Peter AU1 | May 2 2023 3:02 utc | 106

if China is the “future” and will overtake the “decadent” West.
Posted by: Anon | May 1 2023 6:48 utc | 56
—————
One couldnt care less If the west is only ‘decadent’ [why quotation ?] , let them stew in their own juice.
Except the garden is a virulent cancer threatening to engulf the entire planet, destroying nations, communities and nature .
Exhibit A
Jeju island SK
Another UNESCO certified paradise defiled.

‘Community Torn Apart
The row over the naval base has cleaved the community of Gangjeong haenyo who have worked together for over 40 years into two opposing groups. The 65-year-old haenyo from Gangjeong says that a few haenyo in opposition to the base refuse to enter the water with base supporters. “Now there is no conversation between the two groups,” she laments.
Kang Ae-Shim, a 56-year old haenyo from the neighboring village of Bopan explained, “The money that the haenyo was given is what you can make in one year.” She described how the haenyo from Gangjeong and Bopan physically fought in the water — the very same women who for years ate dinner and sang together at noraebang (karaoke). But the Gangjeong base decision changed that dynamic’
—————
Christine Ahn
‘earlier this spring, when I and several other Americans called the Korean Embassy in Washington to register our concerns, we all received similar versions of the same prepared response, “Don’t call us; call the U.S. State or Defense Departments; they are the ones who are pressuring us to build this base.’
—————

This is the ‘guardian of democracy’, ‘rule based order’, the champion for TW, tibet rights. ?
Rank hypocrisy aint the prerogative of their ‘elites’ either.
More like a cultural thingee.
Just recently the Canuck ‘sanction r us’ haughtily declare

‘I wanna join the Scorpion’s liberate TW , Tibet brigade, nation behemoths are the scourge of the world and need to be cut down to size’

Why not start with the most destructive of them all, the USAss, what about NATO ?
Charity starts at home ?
Those who live in glass house …?
Caitlin nails it again,

‘The west never believe in their own ‘values”

Its from here, Jeju, missiles can reach Shanghai in ten min, now the USN wanna send in their nuke sub.
lOOKS like most gringo approve, they all wanna liberate the TW from hell.
Its a cultural trait.
the white men burden.
https://fpif.org/naval_base_tears_apart_korean_village/

Posted by: denk | May 2 2023 3:05 utc | 108

karlof1 #101
Stolen Syrian oil has to pass through Kurd occupied north via Turkey or Iraq in the south and be loaded onto pirate empire’s ships at Iraqi ports. Maybe even export via Kuwait?
Either way the so called ‘new Syrian alliance’ could turn off the tap tomorrow without much more discussion.

Posted by: uncle tungsten | May 2 2023 3:12 utc | 110

K #109

I don’t know why, as he seems to have a respectable and honest career fighting corporate polluters and Big Pharma, but there he is being utterly naive about the Democratic Party or lying. Which is it likely to be?

Bernie is not a left thinker, simply a weak critic of the oligarchy and a sheep dog for those desiring social justice and a promising future. Sure I used to think/hope he was authentic but he is anything but.
RFKjr likewise, he is a dyed in the wool system pig.
Not to worry as the USA has developed sufficient downward momentum and internal dysfunction to continue its fall.
My surmise is that the Dems will start to freak out when they can no longer sustain the kabuki pantomime. Then they will have to reveal some ‘safe other’ sufficiently dedicated to the governing mafia to promise not to prosecute them or dare disturb their grifting.
The repugnants are in the same boat as they are of the one grubby paradigm/uniparty.
I will be interested to see if the alt media can cobble together their own formal debate stage. Something like all the anti uniparty groups agreeing to be observers/reporters while some convenor (Tucker perhaps?) orchestrates the event for any candidate willing to show up. The time has come for a confederation of all those outside the tent to gather in the people’s Yurt.
I would like to see that 😉

Posted by: uncle tungsten | May 2 2023 3:29 utc | 112

denk #108

lOOKS like most gringo approve, they all wanna liberate the TW from hell.
Its a cultural trait.
the white men burden.

Sure they do, I interpret that ‘liberate’ to be send to hell 😉
You are right ‘most’ approve but that sure is not ALL. Most are entirely unaware of what is done in their name – they are asleep.
The elite will NEVER stop until they are swatted hard. Note Germany kept the turds under tight control for about 50 years and then ‘bingo!’ like some evil genie, they are back. Baerbock the Terrible for example…

Posted by: uncle tungsten | May 2 2023 3:49 utc | 114

K #111
Thanks, I did see that Sabby Sabs piece. She is a rock. One of my regular goto commentators. These days I only scan many but often find I stay there. She should be in the 100k subscribers but people slowly find their way.
On the eggs issue – it is possible that the meat mafia have decided to reduce supply of this cheap and really quality alternative. I guess the food supply industry is in the grip of a seriously nasty mafia or two these days.
The trajectory over the past few decades from mad cow disease to every other viral assault on livestock has no doubt consolidated ownership into a virtual monopoly – Bill Gates spectre swirls around the cadaver of distributed small sector farmers and their produce. We humans are constantly undermined to develop adequate anti-trust mechanisms sufficiently resilient to oligarchic capture.

Posted by: uncle tungsten | May 2 2023 4:00 utc | 116

denk #117
That is the only retort remaining for these smart Alec western worshippers. It helps to see them as cult adherents/worshippers. That is really what we are dealing with and if we ignore it they will expand to the nazism we see arising in Ukraine and now evident throughout the western ruling elites.
I noticed during the liberation of Artyomovsk there was a locality identified as ‘adjacent to the Jehovas Witness Temple’. THAT is how broad the penetration was to create distraction and enablement in that land.
Good on you for calling the pr!ck out and stomping on the lies.

Posted by: uncle tungsten | May 2 2023 4:22 utc | 118

Tungsten – nom de plume A metal with a high melting point. I guess what we are going into will require that. I have chosen to post under my given name.
I guess the natural world, living the way I have lived so much influences my thoughts. The working man, the anglo aristocracy. I have seen that, those cunts that have royal memorabilia on the mantle.,
Those shearers at Barcaldine. So many thoughts.

Posted by: Peter AU1 | May 2 2023 4:47 utc | 120

Every time I pass a Mercedes I thank China:

EU’s Largest Economy Can’t Do Without China – Mercedes CEO
Cutting ties with China would put most of Germany’s industry at risk, the CEO of luxury carmaker Mercedes-Benz warned on Sunday.
The major players in the global economy – Europe, the USA and China – are so closely intertwined that disengaging from China makes no sense,” Kaellenius said. “Decoupling from China is an illusion, and also not desirable,” he added.
Mercedes-Benz’s main shareholders are the Chinese BAIC Group and Geely Chairman Li Shufu. In 2022, China accounted for 18% of revenues and 37% of car sales at Mercedes-Benz, according to Reuters.
Europe depends on China for 98% of its rare-earth elements, which are used in wind-power generation, hydrogen storage, and batteries. It also gets 97% of its lithium for batteries from the country.

Mercedes – its a symbol of China’s magnificent good sense :))
source: Pepe Escobar.

Posted by: uncle tungsten | May 2 2023 4:52 utc | 122

@116 uncle tungsten | May 2 2023 4:00 utc – “mafia or two…”
That’s the real dynamic, the jostling for position of all the criminal forces in play. They are all criminal, and have been for a long time in the USA. Aaron Good speaks of the underworld and the overworld, the street-level taking and the establishment-level taking. And both of them connected, with the security state growing up into a comfortable niche, nestled between the two. But all of it criminal.
Along with everyone else, I pondered the composition of the Deep State for a long time, and in recent years, the Supreme Leader of Iran, Ayatollah Khamenei, made a wonderful observation. He said that the USA was made up of a “collection of mafias.”
I never heard it pinpointed so well. I always admired his perception, and that observation, for me, knocked it out of the park. It explains everything.
A collection of mafias. Each one with slightly different aspirations and agendas. But each one equally criminal. And nothing else in play except a mafia of some kind or another.
With us, not criminal, at the bottom.

Posted by: Grieved | May 2 2023 5:03 utc | 124

‘…Liberals believe in the rights of individuals so long as the individuals in question can defend them. Most often this has meant defence by law- the smallholders lost their land because they could not afford to defend their rights in court. And, when they managed to do so, they found that the courts were controlled by the very people who wanted their land. How else could it be?’
Posted by: bevin | May 1 2023 18:30 utc | 86
Thanks so much, bevin, for the care you take in responding to an oldfashioned liberal such as I. I think my version of being a liberal isn’t actually liberalism as you have defined it but relates rather in a romantic fashion to such eccentrics as Don Quixote and Stepan Trofimovitch, deluded liberals though they may be. I suppose that rights do come into it — as in the planting of a Liberty Tree (there was one on my own college campus.) But as in the liberal arts, which students can study towards a Baccalaureate degree on some college campuses still, education is at the core.
This can indeed degenerate into elitism when education becomes the privilege of the wealthy, but it wasn’t so back in the day. Then some colleges in the USofA were actually free, and that’s as liberal as it can get – the thought behind such liberality was that our youth are the strengths of the future. Yes, people really believed and talked about that when I was young. As I believe they do in Russia today.
Why else plant a Liberty Tree on a college campus?

Posted by: juliania | May 2 2023 5:13 utc | 126

Grieved #124

A collection of mafias. Each one with slightly different aspirations and agendas. But each one equally criminal. And nothing else in play except a mafia of some kind or another.
With us, not criminal, at the bottom.

Yes indeed it is that hierarchy of mafiosi. In Australia there was a years long spate of large scale beehive poisonings which was publicly assumed to be the work of a couple of major companies out to destroy the small producers. They were accused but not named and people spoke of boycotting the majors and it all ended. Hard to know for sure but it reeked of organised capital destroying all to preserve its supremacy.
Another interesting crime was between strawberry producers with one contaminating the packaging line of another. They don’t care about us at the bottom or whether we eat contaminated product, they only care to deregulate, to buy off the food safety inspections, the politicians willing to sell rather than listen.
Similar mafias operate in Australia, some more gaudy than others. They each own the major political parties in different degrees and quickly join hands when either forms government. Then through the controlled media and a few tweeks of the cult members minds they get their way. See submarines, F35’s, US bases and US merchandise etc. They even get Australia screw our near (small) neighbours in the South Pacific.
Australia got away with liberating one island from Indonesia but soon I reckon the USA will find another one in order to put us to the test and steal its oil and gas as well.

Posted by: uncle tungsten | May 2 2023 5:19 utc | 128

@ karlof1 and Tom-Q- Collins
Responses noted. Let’s wait and see but total collapse would be horrendous

Posted by: Don Firineach | May 2 2023 5:45 utc | 130

@ Grieved | May 2 2023 5:03 utc | 124 who wrote
”
A collection of mafias. Each one with slightly different aspirations and agendas. But each one equally criminal. And nothing else in play except a mafia of some kind or another.
With us, not criminal, at the bottom.
”
Uncle tungsten May 2 2023 5:19 utc | 128 called it a hierarchy which I think is more accurate and I would posit, as you would expect, that the God of Mammon cult that control global private finance are at the top. Pope Frank and about to be King Chuck are in that cult that has been accumulating money and power for centuries while the newbies like obviously corrupt Gates and loose cannon Musk get all the media attention.
I can accept the existence of successful and socially significant people but their influence must always be subsumed under the sovereign nations they reside/operate in. China has some stories to share I expect with their recent handling of Jack Ma and others that escape my feeble mind at this late hour for me. Warren Buffet seems to have “played the game” honorably comes to mind as another example.
We just need to evolve our species into social organizations that effectively encourage and mange highly functional and contributory individuals to the benefit of all instead of an inherited few.

Posted by: psychohistorian | May 2 2023 6:18 utc | 132

Looks like the western bloc might have some wins.
https://www.thetimes.co.uk/article/stay-away-or-we-ll-have-to-arrest-you-south-africa-tells-putin-dzwcpr88r
https://digitallibrary.un.org/record/4009707

Posted by: Moene | May 2 2023 6:46 utc | 134

Posted by: DunGroanin | May 1 2023 8:28 utc | 58
The hatching of chickens for egg laying or eating has been changed by destructive gene insertion/deletion in the feed stock? Reduce the numbers of chickens capable of hatching productive or marketable chickens to chickens containing patented genes?
Eliminate the easy-in easy-out competition well known to the chicken industry markets? If only a few chickens are productive or if only a few chickens can lay marketable eggs, then it w/b easy to monopolize the chicken business. GMO seeds stopped seeds produced from this year’s crops from germinating next years crops? Must buy new seeds each year.
Posted by: uncle tungsten | May 1 2023 12:19 utc | 65
Maybe there is a cartel influencing chicken for meat birds as a profit preference? <=Patented Genetic technology builds corporate empires? The question to ask of these suddenly desperate farmers then is - well why don’t you just put your prices up to make sure you make the necessary profits?<=would your farmers know if the answer were GMOs? Posted by: K | May 2 2023 2:14 utc | 102 I'd go with big Ag reducing the competition with bio warfare, hence shortage, for now or for good depending on the plan. seems like the simplest explanation. <=Genetic technology gives the corporate monsters even more monopoly power than does RULE OF LAW and genetics is outside of politics. Collectively RoL and genetic technology make the private global corporate empires rulers and governors of the world. Governments no longer count. Posted by: Grieved | May 2 2023 3:42 utc | 113 if the corporations could gain willing compliance from consumers, the totalitarian measures would diminish.. <= Corporations are in control, just as they were in the labor wars of 1890s to 1920s government is no more. Grieved #124 A collection of mafias.<=prefect description of the global monopoly powered corporate world.

Posted by: snake | May 2 2023 7:31 utc | 136

uncle tungsten | May 2 2023 5:04 utc | 125
The only thing that demoralises me is my health. All I can do is sit here and fart.
Thanks for the link. I remember the one and only union meeting I went to. Young clean cut looking man came round to see us in the bush. Working peace rates getting paid for what we cut. First thinings in pine. I rock up to the meeting and the clown is flanked by two large goons wearing sunnies indoors. Straight out of a movie like godfather. I left for more interesting pastures shortly after but the result of the gangster move… two crews were sacked and replaced with two mechanical harvesters.
A fair days pay for a fair days work is the way I have always operated. Be I the worker or the employer.
My younger days of getting paid for what I could pick, or what I could cut, those shearers that gathered at Barcaldine. Those squatters runs were mostly broken up for soldier settlement blocks but twinges remain.
The majority though seem to be mum and dad operations. The bloke next door told the story of catching a Union rep down on the crossing at the Parroo. He throws him in the boot, takes him up to the shed, speaks his mind then throws him down the shute. Bill was not the sort of bloke to fuck with.
There was a bit of a war on over finishing a shed on the weekend. The kiwis came in and sorted that out.
The funniest part of the story though was its ending. The union rep comes back with the police. The police asked Bill if he had thrown the rep down the shute. Bill grabs the clown to give a demonstration. Interesting times.
But the labour party and the unions – a far cry from those shearers at Barcaldine.

Posted by: Peter AU1 | May 2 2023 8:41 utc | 138

Headsline from our gevernment rag.
“‘Recession roulette’: Economists, banks, borrowers left stunned by RBA’s return to rate rises”
If they are surprised they are idiots.
“Alice Springs crime tackled by community patrol group, led by former Indigenous police officer Phillip Alice”
Aboriginal crime…so many young people with no opportunity. I have worked with them Politicians will wring their woke hands and bullshit and the genocide continues.
Those young people need paying work on their traditional land. So simple yet so distant.

Posted by: Peter AU1 | May 2 2023 9:06 utc | 140

Peter AU1 #140
“Those young people need paying work on their traditional land. So simple yet so distant.”
Uncle Bob often said “A dignified wage for dignified work is the very best signifier of community connection and self respect”.
Not in neoliberal economies – they even have been heard to say there is no such thing as society.
Bankers are of course exempt these days from the need to consider “dignified” or “society” as it is too perplexing and off topic.

Posted by: uncle tungsten | May 2 2023 9:39 utc | 142

Peter AU1 #138
I gather you were referencing the Forestry Union long before it became the CFMEU. They were sometimes only the mill bosses men (bought out) and it was rare to come across a decent union organiser. I had the good fortune to deal with honest union reps and honest union members but it was chancy at times.
The mill bosses owned the workplace insurance companies and many maimed workers were dudded of their cover and rightful compensation for permanent disability. Nasty business and I saw the worst of it and how the rot travels up the spine of the political machinery. But having seen the vast spectrum I can say that the law societies, judiciary, governors are mostly compromised creatures and toe the line on demand whenever the cult is threatened.

Posted by: uncle tungsten | May 2 2023 9:52 utc | 144

Are we being too kind on the French?
I erroneously thought the ‘socialists’ won a majority in June last year and the month before “centrist politician Elisabeth Borne was appointed France’s new prime minister … becoming the second woman to hold the post in the country” according to Euronews on 17 May 2022.
It appears that Macron can comfortably rely on having a sound majority from the traditional very right/conservative parties as an alliance of scum for most of his proposals. So I would not be getting any hopes up for France to break ranks with NATO or the EU administrative dictatorship any time soon.
The French people are certainly maintaining their rage but the political leadership is busy quaffing champers and gateaux while the sans coulottes eat plain cake on the streets. The sure can maintain the rage though as I see no nation approaching their dedication. The Dutch farmers sure got some change made so if the French can build another coalition across those forces there may be hope.
Perhaps le Monde diplomatique has some analysis but its beyond a firewall of $$$$ to me.

Posted by: uncle tungsten | May 2 2023 10:22 utc | 146

China’s Taiwan province has a serious leadership deficit.

The American company General Atomics Aeronautical Systems received a $217.6 million contract from the US Department of Defense for the production and supply of four MQ-9B Sky Guardian UAVs, two ground control stations, spare parts and equipment to the Taiwanese armed forces. The implementation period is until May 5, 2025.

not much more that that from: https://t.me/CyberspecNews/29531.
IMO delivery could be uncertain to problematic. Soon China might insist on advance landings at a mainland base to undergo customs inspection.

Posted by: uncle tungsten | May 2 2023 10:40 utc | 148

@ 83 psychohistorian..
thanks.. i know cnrt+c. for copy, but you can’t do that on ipad as a understand it.. not sure where you find this special ipad feature, and frankly am not interested…. like i said, the sooner i am off this thing, the better..

Posted by: james | May 2 2023 11:17 utc | 150

I second the requests for b to analyse the ‘mysterious’ Sudan ‘civil war’. If one googles Sudan: Russian naval base, the result is a plethora of confused and contradictory Yankee horsefeathers.
Schizophrenic abc.net.au/4corners delivered a stinging rebuke for the Lib/Lab uniparty’s $380 billion AUKUS Submarine Swindle on 1st May. Most of the program focused on the delightfully vague creative uncertainty of WHAT we’re getting for the money, WHEN we’re getting it, and what we’ll do to plug our submarine gap while we’re waiting.
There’s also a problem of Oz storing the high-level N-waste generated from the Weapons-grade Nuclear fuel used in Yankee subs. But the most sensational speculation was that by the time Oz gets its super-duper subs, unmanned submarine-killer drones will have made the oceans unsafe for any and all submarines; which seems more than likely.

Posted by: Hoarsewhisperer | May 2 2023 11:43 utc | 152

Posted by: Peter AU1 | May 2 2023 9:06 utc | 140
Those young people need paying work.
<=I predict, the automation revolution is about to reduce the number of employed persons by more than 85%, world wide.. Those in the 15% employed group will face continuous, rapid replacement and expulsion to the ranks of the unemployed. The technology changes so fast, skills used to gained entry to the employed class will likely become obsolete in short order.. This means employed persons will likely find employment during only a few % of their available-for-work life spans. Explains why the PTB seek to reduce the population.. Welfare will likely be changed to give those who worked the longest the greatest economic advantage.

Posted by: snake | May 2 2023 14:03 utc | 154

The tats in uniform, the trolls that rock up on these international forums. I guess I am past any form of diplomacy.

Posted by: Peter AU1 | May 2 2023 14:22 utc | 156

Four more US Regional Banks in freefall ….
But, but, Jamie Dimon told us yesterday that the Banking Crisis is OVER …

Posted by: Don Firineach | May 2 2023 14:29 utc | 158

DunGroanin no. 100
I agree about the guardian. But the avian flu is a reality. Your arguments are good about tge farmers. But then, does anything make sense these days!!!!!

Posted by: ThusspakeZarathustra | May 2 2023 14:51 utc | 160

@Posted by: Oriental Voice | May 1 2023 20:14 utc | 94

Most of us who have been babbling here at the bar will feel the pain. It’s just being at the wrong place at the wrong time. That’s life. personally, I think we’ve had it too good for too long. It’s about time we wake to the real shape the Empire is in and make do with what is left.

If we had massive malinvestment in 2008 that was rescued and reflated rather than cleared away (e.g. the break up of the “too big to fail” banks into credit unions and the bankrupting of Goldman Sachs and Morgan Stanley together with a modern Picora Commission) we are much, much worse off now after well over.a decade of free money (for the banks), even greater levels of offshoring in the West, continued corruption, colossal amounts of state and private debts, and a much worse geopolitical environment. Plus the sanctions which are crushing Europe – German retail sales are collapsing year over year, down 8.6% y-o-y in real terms.
The only way out from the massive debt overhang is to keep interest rates below the rate of inflation for years, creating an ongoing stagflationary environment through the rest of this decade in the West that will crush real wages – made worse by any new sanctions that will disrupt international supply chains. We will have.an intensified rerun of the 1970s, with the US dollar getting much weaker and Russia/China being a low inflationary and growing safe haven. With a falling dollar, the cost of US and European foreign interventionism will become much costlier. On top of that there will be increasing authoritarianism and censorship in the West as populations get increasingly angry as the public institutions they support collapse (NHS in the UK, Social Security in the US, Pensions in France etc.), their standard of living keeps falling, and governments are seen to waste money on foreign adventures.
The establishment may be able to manage the decline, and will attempt to put as much of the cost as possible on the general population rather than themselves (which may be their undoing), but it will be touch and go. Any conflict over Taiwan would most probably produce an implosion in Western economies as global supply chains were completely shattered and the Western military “might” shown to be a facade.

Posted by: Roger | May 2 2023 15:13 utc | 162

Cloudflare blocking DOGPILE search engine.
this morning at around 10:40 EDST Cloudflare began blocking access to DOGPILE Search engine with a 1020 ACCESS DENIED and a re-direct to their website for professional services.. being that Cloudflare is a San Fransico based company and are running servers out the State of Washington;
Registrant Organization Whois Privacy Protection Service, Inc.
Registrant Address PO Box 639, C/O dogpile.com, Kirkland, Washington, 98083, United States
Registrant Phone +1.4252740657Registrant Organization Whois Privacy Protection Service, Inc.
as for the competitors.. when one sees that ‘monitoring is being done by Hurricane Electric.. well this should send shivers down your spine..
Some competitors
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Posted by: t s | May 2 2023 15:47 utc | 164

Now eight [8] regional US Banks in free-fall …

Posted by: Don Firineach | May 2 2023 16:04 utc | 166

Roger | May 2 2023 15:20 utc | 163–
Thanks for your reply. Much ferment most everywhere as the grip is forced to loosen.
On the Ukie thread, Glazyev’s mentioned. Here’s his Telegram which is in Russian but translates well. Thanks to Pepe Escobar for providing it. One of his posting today is from Spydell Finance about China’s rise which contains some very key stats at its end:

Forwarded from
Spydell_finance
(
Paul Spydell
)
Innovations and technologies determine the strength, stability and competitiveness of the economy, the share of national high-tech products in world trade, which in turn determines the level of development and well-being of society.
At the same time, the level of national production does not always determine the industrial potential of the country, because developed countries have the peculiarity of bringing energy-intensive and/or low-profit production to the external circuit, while controlling financial flows. So, as Europe is now doing in an accelerated phase.
Outside of developed countries, there is now only one center of technological development in the world – this is China.
The phases of China’s development can be divided into several stages:
▪️The first stage is the opening to the world economy from the mid-80s to 2008. Participation in globalization from the mid-80s to 2008, when China attracted foreign investment to build factories and build industrial clusters, allowing it to modernize its own economy and occupy millions of rural residents.
This opened up China’s import of technology and best practices from the world’s flagships, while creating a middle class that served industrial clusters and foreign trade. The creation of a middle class allowed China to create a solvent domestic market and resources for development.
▪️The second stage is the primary development of technologies from the beginning of zero to 2010, as an active phase. Not all technologies are innovative. For almost two decades, China has had secondary technologies, i.e. cloned, replicated commercially successful developments of Western countries, Japan or South Korea.
The success of cloning was largely due to the presence of such production in China, where factories, Western technologies, accumulated managerial and industrial experience allowed China to quickly and with minimal loss of quality clone the development of world flagships.
Basically, these products were focused on the domestic market, but were partially dumped to third world countries with a gradual expansion of the geography of external buyers. We started with textile production in the early 90s, replacing it with more complex types of production every year, improving production schemes, chains and technologies. As a result, moving to the automotive industry, electronics, mechanical engineering and electrical equipment.
By trial and error, gradually debugging and improving its own production, China added modifications, but optimization and improvements could not occur autonomously. To do this, you need your own technology.
▪️The third stage is innovative development from 2008 to the present (creation of breakthrough technologies), while the development of science and technology in China began from the beginning of the noughties, significantly accelerating from 2004-2005, moving to the exponent since 2010.
In 1995, China had about half a million people engaged in research and development, and the amount of funding was a paltry $ 5 billion. By 2010, the staff of researchers had grown to 2.5 million people, and total funding to almost $ 90 billion. In 2020, China increased funding for science and technology to $370 billion, and the number of scientists amounted to almost 5 million people.
In 2023, China’s expenses may amount to 550-570 billion dollars, and the staff of scientists – over 5.5 million people. About half of the expenditures is made up of the state, and taking into account scientific laboratories in universities, the state’s share is about 60%.
In terms of funding for science, China is confidently ahead of the United States, taking into account purchasing power parity.
By 2027, when China plans to achieve technological autonomy, the amount of funding for science may exceed $ 850 billion at face value (this is how much the United States is currently spending), and the number of scientists in R&D is over 6.5 million people.
China invests hundreds of billions of dollars in research institutes, design bureaus, research laboratories, and is actively developing research clusters at educational institutions in cooperation with private business.
China is becoming an almost unattainable leader in patents in many areas of high technology (more on this separately)

Just prior to the above is the following announcement:
“The Program of the Eurasian Economic Forum 2023 has been published. The forum will be held on May 24-25 in Moscow and will be timed to coincide with the meeting of the Supreme Eurasian Economic Council with the participation of the heads of state of the EAEU. The event was organized by the Roscongress Foundation.”
There are links at the original.

Posted by: karlof1 | May 2 2023 16:10 utc | 168

Tom Luongo is prolifically cited in this Sputnik article, “Biden’s ‘Vandals’ Will ‘Destroy US’ if GOP Loses Debt Ceiling Fight”, with the lead paragraph providing the article’s main focus:
“It’s time for Washington to clean things up at home as the US has no more room on the national balance sheet to absorb more deficits, financial and geopolitical commentator Tom Luongo told Sputnik, while speaking on the unfolding fight between the GOP and the Democrats over the debt ceiling increase.”
I note that his most recent blog entry isn’t about the debt ceiling at all but mostly about the mafiosi known as Blackrock. Also, it must be noted that its Yellen who’s crying about the need to raise the debt ceiling not Fed Head Powell. IMO, what we’re being treated to are the external manifestations of an internal argument between Donors about policy while more banks succumb to Powell’s rate hikes, which is actually unrelated to the debt ceiling issue, although interest rates will increase the debt burden faster as the cost to carry it will increase.
Somewhere off in the distance I hear the echo of Ron Paul’s mantra: Close the Fed.

Posted by: karlof1 | May 2 2023 17:19 utc | 170

@Posted by: karlof1 | May 2 2023 16:10 utc | 168
Japan had got to that stage in the 1990s, but as an occupied nation much more dependent on the US market it could not withstand the US pressure to take apart its development state and financialize itself. The US state itself spent massive amounts of money on R&D in the post-WW2 period and it was upon that (and the WW2 technological developments and access to the UK and German R&D) that US technological supremacy was based.
Talking to even “well informed” people, I do not get the feeling that they are in any way cognizant that Western technology development has already been surpassed by China in many areas, and will be in many more in the balance of this decade. It will be. huge psychological hit to Western populations that the Western establishment will work hard to hide. In weaponry, Russia also holds substantial leads – as with the inability of the US to develop hypersonic weaponry. The destruction of “advanced” Western weaponry in Ukraine would be a body blow, the reason I think why the West is being vary careful with providing its more advanced weaponry to Ukraine.
Even the CATO Institute is noticing that the US is experiencing a scientist brain drain while China is becoming more of a beacon for world scientists, a big turnaround in only the past 5 years. Given how the US (and Canada) is mistreating foreign scientists I can only see this trend accelerating. The US has underpaid and mistreated its post-doc researchers and adjunct faculty for decades, and has now added an intrusive security state to the mix to make even the tenured faculty unhappy (as well as the ever-increasing numbers of know-nothing overpaid administrators lording it over the academics plus the woke crowd questioning basic scientific knowledge). If the major US and UK universities have not already fully become the educational equivalent of a Gucci bag for the global rich, rather than centres of research and learning, they will be within a decade.
https://www.cato.org/blog/abandoning-us-more-scientists-go-china#:~:text=In%202021%2C%20the%20United%20States,China%20picked%20up%20just%20116.
The US Department of Justice’s China Initiative not only made the US much less hospitable to ethnic Chinese researchers, but also reminded scientists of other ethnicities/nationalities of the underlying xenophobia of the US state toward “foreigners”. Canada is doing very much the same.As in so many other areas, the sheer arrogance of the US and the West in general is helping to accelerate its decline.
https://www.science.org/content/article/u-s-math-professor-found-guilty-latest-china-initiative-trial
https://www.newyorker.com/news/news-desk/an-uncertain-future-for-a-chinese-scientist-accused-of-espionage
https://www.nbcnews.com/politics/justice-department/how-federal-push-stop-chinese-scientists-stealing-u-s-secrets-n1281831

Posted by: Roger | May 2 2023 17:25 utc | 172

According to Michael Roberts the banking crisis (‘Nothing more to see here, its finished, all is well in the world again..’) is an argument for public ownership. And a reminder that regulation has never worked in the United States-the banks being more powerful than Congress.
“…One bank that is not going to lose is JP Morgan. The takeover of First Republic looks like a great deal for JPM. JPM is paying the FDIC $10.6bn, for which it is getting $185bn in interest-bearing loans and securities. In turn, JPM is taking on the deposits of First Republic and First Republic’s outstanding borrowing from the Fed. But the FDIC is providing a $50bn credit line to JPM over five years so that any further fall in deposits or defaults on First Republic loans are covered. In other words, JPM will not have to get expensive borrowing from the Fed as it has a special FDIC loan on easier terms. Small banks may wonder why the largest bank in the US gets a special cheap loan facility.
“JPM will now own First Republic assets for $10.6bn. JPM’s chief Dimon says it will make about $500m a year from these assets, which it deserves for taking on the risk of First Republic’s debts. But that is clearly an underestimate – it’s more likely to be a profit of $1bn a year at current loan rates to businesses and especially the low rate that the FDIC has arranged for JPM to borrow. That’s what First Republic earned in its last quarter. So that will add 2% to annual profits from JPM. Moreover, the FDIC has agreed to take 80% of any losses on loan defaults! JPM’s stock price went up by $11bn in one day on the news. So even JPM’s payment to the FDIC has been covered immediately….”
https://thenextrecession.wordpress.com/2023/05/02/first-republic-the-case-for-public-ownership/

Posted by: bevin | May 2 2023 17:57 utc | 174

Posted by: Roger | May 2 2023 17:44 utc | 173
(Three historical ways to correct inflation)
Thanks.
Method 1 makes a lot more sense than driving financially marginal families into poverty. And it does seem to have been “taken off the table.”

Posted by: Hoarsewhisperer | May 2 2023 18:19 utc | 176

bevin | May 2 2023 17:57 utc | 174–
I’ve yet to ask him point-blank, but IMO Hudson’s goal with his writing his trilogy and current podcasts are all aimed at promoting the idea that the only solution is the combination of debt restructuring, making finance a public utility, while remaking the regulatory structure and how its members are selected (that implies the entire federal government) with the end view to eliminate creditor control of governments globally. IMO, he’s proven the nature and roots of the current crisis but feels he must show how ingrained Creditor Control is historically to the point where it controls one of the major religions and turned it inside-out from its initial start, while he’s also showing why Judaism has been mercilessly attacked for the last 2,000+ years.
I did ask Hudson about his use of Dr. Peter Brown as his main source for Antiquity since he uses him to say the following in his latest interview:
“Peter Brown, who’s the main writer and historian of this period, rightly states that Augustine is the true founder of the Inquisition ever since the Roman Church became the Church of the Inquisition. That’s what I talk about in the third volume of my trilogy, where I pick up matters with the Crusades. So what Rome bequeathed to the West was not only creditor-oriented law but a creditor-oriented Christianity. This is what you have in American Evangelism today. King Jesus will make you rich. Essentially, that became Christianity as it evolved in the West.”
The result being I’ve now added several of Brown’s works to my want list, while I have read some of what’s available online. One can see the reason for Hudson’s foresight to establish his own publishing company outside the USA.

Posted by: karlof1 | May 2 2023 18:40 utc | 178

Roger | May 2 2023 17:25 utc | 172–
I wrote awhile ago that China has become the Can-Do nation and its current philosophical outlook is to make that self-perpetuating. Russia has a similar notion with its Knowledge Society and related educational institutions that form the basis for its People Centered Development. IMO, within the current decade the efficiency of the Multipolar Bloc will make it easy for it to dominate the Dollar Bloc as those currently in the leading positions within the Dollar Bloc don’t really understand how that actually functions. To have and use genuine power a nation must have a genuine productive base, not a fictitious financialized base that’s actually a massive cost overhead for whatever remains of the productive base. Note the big argument now occurring is how much of that fictitious base to bail out instead of casting it off and rebuilding the productive base.

Posted by: karlof1 | May 2 2023 18:53 utc | 180

Roger | May 2 2023 19:03 utc | 181–
Thanks for your reply. I have that book in my library. I also have what I consider a very important and now very hard to find book that’s fortunately available online, The Christ Conspiracy: The Greatest Story Ever Sold, which can be freely downloaded.

Posted by: karlof1 | May 2 2023 19:12 utc | 182

juliania | May 2 2023 18:51 utc | 179–
I must confess that you’re repetition of Grieved’s comment goaded me into watching that interview snippet. Unfortunately, neither woman understands how difficult it will be to break the Duopoly’s monopoly on the POTUS election machinery, nor do they understand the nature of the Donor Power which is the Grand Manipulator (those are my general impressions and assumptions).
Roger | May 2 2023 19:46 utc | 183–
Thanks for your reply. I knew there was an update after Archaya S’s death. I see that after being unavailable for awhile her website is running again. As with Carl Sagan, humanity lost when she passed away too soon.

Posted by: karlof1 | May 2 2023 20:27 utc | 184

I must confess that you’re repetition of Grieved’s comment goaded me into watching that interview snippet. Unfortunately, neither woman understands how difficult it will be to break the Duopoly’s monopoly on the POTUS election machinery, nor do they understand the nature of the Donor Power which is the Grand Manipulator (those are my general impressions and assumptions).
Posted by: karlof1 | May 2 2023 20:27 utc | 184
Hi Karl, what makes you say they don’t understand donor power?
Kim comes right out and says straight to JFK that she doesn’t trust the Corporate Dems and will never vote for them again. Advises him to never endorse Biden. To which his response is a complete non plus.
There will be no political capital to lose if he isn’t braver than Bernie right out of the gate. Yanks are dumb when it comes to politics but they are learning having been twice bitten by Bernie’s betrayal of the people.
Kim’s questions are amongst the most incisive and aware that I have seen asked of a politician on mainstream or alternative media. Such questions don’t come from a vacuous or uninformed mind.

Posted by: K | May 2 2023 22:55 utc | 186

https://thehill.com/business/banking-financial-institutions/3982011-first-republic-bank-collapse-spurs-fears-for-banking-system-broader-economy/

U.S. banks had $620 billion in unrealized losses on securities at the end of 2022, according to the FDIC. A March study from professors at New York University and Wharton estimated that their unrealized losses are closer to $1.7 trillion when accounting for all loans and securities.
The sector holds around $3.1 trillion in commercial mortgages, with small and regional banks accounting for 80 percent of those loans, according to Goldman Sachs analysts. As remote work remains popular, office buildings have lost value, raising the chance of defaults.
Banks can typically stomach those losses unless they face a bank run or market selloff.

Posted by: Scorpion | May 2 2023 23:19 utc | 188

https://www.unz.com/runz/the-neocons-and-their-rise-to-power/
Excellent review/overview of the clique running US Foreign Policy, though no mention of whom they serve.

Posted by: Scorpion | May 2 2023 23:29 utc | 190

Wall Street on Parade hints that Jamie Dimon has no clothes and that the short sellers be arrested.

The one thing that would help dramatically to stem the banking crisis is for President Biden (a man who derives his powers from U.S. voters rather than a p.r. machine like Dimon) to immediately issue an Executive Order halting the short selling of federally-insured bank stocks. As of right now, short sellers see an easy path to picking a regional or community bank target, or a bank that got in bed with crypto companies, or some inscrutable federally-insured fintech bank, and driving its share price into the ground while minting billions for themselves.
This is now a matter of national security to the United States. The second largest bank failure in U.S. history just occurred on May 1 with First Republic Bank. The third largest bank failure in U.S. history occurred on March 10 with Silicon Valley Bank. The fourth largest bank failure in U.S. history occurred on March 12 with Signature Bank. In each case, the Federal Deposit Insurance Corporation (FDIC), the federal agency that insures bank deposits up to $250,000 per depositor per bank, was on the hook for losses on underwater assets at the banks. It will book tens of billions of dollars in losses to its Deposit Insurance Fund as a result. (The largest bank failure in U.S. history was Washington Mutual. That occurred in 2008. JPMorgan Chase was allowed to take it over, just as happened with First Republic Bank yesterday.)

If you need more…
https://wallstreetonparade.com/2023/05/there-was-a-blood-bath-in-some-bank-stocks-yesterday-so-much-for-jamie-dimons-prediction-that-its-the-end-of-the-banking-crisis/
Remember – these are the people that drive the neocon lunatics at the Whitehouse, CIA and Pentagon. Look no further.

Posted by: uncle tungsten | May 3 2023 0:11 utc | 192

all politics is propaganda
all nations (peoples) have an
inalienable right to self determination.
“don’t tread on me”
is true common courtesy

Posted by: Dingo | May 3 2023 1:55 utc | 194

Don Firineach@131
Schmitt was the inventor of the famous ‘Rules based order.’ The state of exception is the basis of all neo-con policies :”We have the power to do it, so we must have the right to do it.”
Why he was not tried at Nuremberg is (not) a mystery.

Posted by: bevin | May 3 2023 2:10 utc | 196

May 2 2023
Ninth anniversary of the Odessa Massacre-the burnung of the Trade Union House.
The Ninetieth Anniversary of the takeovr of Trade Union offices throughout Germany by Stormtroopers.

Posted by: bevin | May 3 2023 3:15 utc | 198

Ghislaine Maxwell and her associate producer Jamie Dimon must have the most spectacular video library ever seen. Trouble is not many will ever get to view it. This imaginary video library is the glaring reason why JP Morgan was assisted in 2008 by the Fed to swallow some banks and then a repeat Fed gift has just been showered on the Wall Street behemoth.
Hollywood can only dream of being in this league of film makers.
Robert Maxwell must have been a canny investor and daughter Ghislaine Maxwell likewise. We know of Jamie Dimon and his close mate Jeffrey Epstein and their shared infatuation of trafficable humans but this must certainly go back much further to Roberts day.
Patrick Boyle takes fourteen minutes to dissect the latest scoop for J.P. Morgan and the First Republic Bank gift from the Fed here.
The banksters are swallowing the banks having already consumed the Fed IMO. I will keep looking for signs and tracks.

Posted by: uncle tungsten | May 3 2023 3:32 utc | 200