i see on the Jimmy Dore show that officials are now committing the same mistakes that contributed to the Maui fire in the first place, introducing non native grasses.

Posted by: pretzelattack | Nov 9 2023 14:51 utc | 1

The US is destroying itself so quickly it's stunning. Oil is no longer priced in Dollars, we've united our enemies, and lost the global South. No one seems to see what are epochal changes, the 10yr T-bill is at 5%; The shift is massive, we just don't feel/realize it yet

Posted by: scottindallas | Nov 9 2023 15:08 utc | 2

The US is destroying itself so quickly it's stunning. Oil is no longer priced in Dollars, we've united our enemies, and lost the global South. No one seems to see what are epochal changes, the 10yr T-bill is at 5%; The shift is massive, we just don't feel/realize it yet

Posted by: scottindallas | Nov 9 2023 15:08 utc | 2

You know, I think millions of people are noticing it in the US, Scott. I think they are thinking something radical must be done to correct this but where is the vehicle to do it, how can we change it.

It's not a vote for the other imperialist party kind of problem this time around.

Posted by: Ahenobarbus | Nov 9 2023 15:25 utc | 3

the 10yr T-bill is at 5%; The shift is massive, we just don't feel/realize it yet

Posted by: scottindallas | Nov 9 2023 15:08 utc | 2

Not in historical terms just look at the 50 year chart

https://tradingeconomics.com/united-states/government-bond-yield

There take a deep breath now and relax. Very good for savers and pension funds for a change.

Posted by: Echo Chamber | Nov 9 2023 15:38 utc | 4

About the very moving Callahan interview posted yesterday by B. https://youtu.be/gk7iWgCk14U?si=G9HkTuGa9cT9cT1r

In 1848 Karl Marx, the grand-son of two rabbis, entered and diverted an union by eradicating all wishful thinking, he wanted pure logic. Religion was no more than « the opium of the people. » The marxist USRR made those last 20 years a remarkable U-turn toward the orthodoxes and the peaceful preservation of all religions.

The first sense of « Religio » is the one that still stays in the expression « a religious care ». It meant being very dedicated and sincere in an action, or ritual. Villepin has a religious, a sincere, implication in what he says nowadays. A major part of me thinks or feels that. And a minority in me could well say or discover he is pretending and I  compleasantly let myself be abused.

The video of sister Callahan (nurse activity manager in Gaza) drives us in the religious world, by which I mean the caring and sentient human world. We pass above cynism. As we are able to do if we are not too much a former-traumatised junky.

We might say there are three ways.

The first would be, being lightly driven by interest. Like my westerner life in Europe since 1972. End of Deleuze and any thinking, advertising and believed medias. I follow the general movement. Fish in an economical school -of fish. Inert peace time.

The second would be warrior state. I am deeply moved, and I need strong ideas to change the world. Anarchy when violent, or communism when coercitive. Ideas rule. And might kill. And feel right to do so. In this intense contraction many new ideas or new feelings might come. A very energetic and perturbated way of changing times. Or to make up with the past inertia.

The third state is Callahan state. Or a deep caring feeling. Tied lips. Unmoved face. Beyond usual feelings.

in an intense form, the three modes are Greed, Anger or Hate and how to name the third. Dedication ? brotherhood or sorority ? Humanity ?

in a mild form, we have organisation, intellect and caring feeling or may be esthetic.

We can consider the way those three modes move in us.

We can also deepen in an historical sense and contemplation, and see it in the nations, and now in the world which is becoming one.

Paul Veyne has an interesting book on the rising of christianity in Rome in the IV century. (2007) I don’t know if translated in english. He is a former 1954 french communist, friend of René Char, atheist who shows a beautiful sense of « religio ». of the sensible motivations in people, and peoples.

I won’t make this post longer. We want peace, and a new order. Malraux said « the XXIth century will be religious or won’t be. » It is very important in my view not to understand religious as a manipulative ideology (even if rinstitutional religion very often becomes that), but as a deep and not clownesque sense of humanity. 

Posted by: Baile | Nov 9 2023 15:46 utc | 5

Federal Reserve Chairman Paul Volcker is widely acclaimed as the person who vanquished and conquered inflation in the early 1980s. By implementing a monetary policy inspired from Monetarist prescriptions, he is thought as having restored the ability of the Fed to control the money supply and to bring down price instability. Yes, the economy suffered but the pain was worth it. Volcker received many accolades with Chairman Alan Greenspan considering him the “most effective chairman in the history of the Federal Reserve System”.A careful reading of the Federal Open Market Committee (FOMC) transcripts and data available, however, provides quite a different narrative. Aside from a few true believers, nobody at the FOMC took Monetarism seriously.

https://medium.com/@monetarypolicyinstitute/the-volcker-myths-8579cea33b95

We are still pushing on that bit of string today.

Posted by: Echo Chamber | Nov 9 2023 15:52 utc | 6

Just look at the real data that cuts through all the bull shit. Step away from the slogan shouting, placard waving ideologues.

Graph from 1954 ....

Consumer price index for all urban consumers all items

V's

Effective federal funds rate

https://realmoney.thestreet.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_600/MTk1NzgzMDU3MDQ0ODA5MzY0/image-placeholder-title.webp

What do you see ?

Not what your radios, TV's, financial experts lol, newspapers and politicians say that's for sure. As they fool millions with their Orwellian language and send the gold bugs into a frenzy.

Posted by: Echo Chamber | Nov 9 2023 16:01 utc | 7

The Republican presidential candidates want to attack Iran because patriots in Iraq and Syria attack occupying American installations.

Posted by: Wilikins | Nov 9 2023 16:15 utc | 8

Well, right wingers and libertarians and liberals voted for it every time they stepped into a voting booth.

What's the saying " you made the bed now sleep in it. "

They'll still try to blame the left who warned them time and time again since the late 70's what the outcomes were going to be.

Even now voters haven't woken up, they are moving recklessly from one con trick to another. Into the arms of The very same people wearing different clothes. As the wind chimes of history repeat endlessly on the breeze.

Who scream businesses need more tax relief look lol.

https://pbs.twimg.com/media/CTfxbHoUsAAH38V?format=png&name=900x900

Really ...

Posted by: Echo Chamber | Nov 9 2023 16:20 utc | 9

Republican Presidential 'debate'

The U.S. MSM is lining up behind Nikki Haley, they sense that they have a kindred pro-war candidate but Christie, Scott, and DeSantis certainly delivered equally belligerent views.
Scott - we must 'cut off the head of the snake, Iran', nothing short of a declaration of war. BTW Iran has not gotten a nickel of that $6B that the R's constantly complain about.

Ramaswamy - The only Republican candidate who is not completely insane had a bad night. His 'three inch heels' comment was creepy and should not have been made. His comment on Haley's daughter was benign but the MSM is jumping on the 'he attacked her family' bandwagon. His point was that he uses tik tok because our children use tik tok and he wants to appeal to them.

All sense of restraint on foreign policy has vanished. Neocons create problems and then use those problems to justify more belligerence.

Posted by: Christian J Chuba | Nov 9 2023 16:40 utc | 10

i highly recommend our very own moa poster - roger - and his article from yesterday...

When Cultural and Economic Hegemony Fails Violence Tends to Follow

also doug casey has a fascinating interview up as well involving blackrock and much more..

Doug Casey on the Rise of BlackRock and Fascism in the US

quote "They have a big emphasis on ESG (Environment, Social, Governance) and DIE (Diversity, Inclusion, and Equity). As a result, corporations are reorienting themselves from maximizing profits— giving shareholders what they want—to maximizing PC and Woke ideology."

Posted by: james | Nov 9 2023 17:24 utc | 11

If the US fighting Russia and Iran at the same time and had a standoff with China over the rusty ship at Second Thomas Shoal (requiring the attention of at least one aircraft carrier strike group), what would North Korea decide to do?

Posted by: cornpop | Nov 9 2023 17:28 utc | 12

This looks like direct hits:

🔺A statement issued by the Islamic Resistance in Iraq:

In the name of God, the most gracious, the most merciful
(Permission is given to those who fight because they have been wronged, and indeed, God is Able to grant them victory.)
Believe God Almighty

The Mujahideen of the Islamic Resistance in Iraq targeted the American occupation base, Harir, in northern Iraq, with two drones, hitting their targets directly.

(And victory is only from God. Indeed, God is Mighty, All-Wise)

Islamic resistance in Iraq
Thursday 24 Rabi’ al-Akhir 1445 AH

Posted by: Norwegian | Nov 9 2023 17:30 utc | 13

@Echo Chamber #4, #6, #7, #9

Please don’t put two blank lines between paragraphs. There’s no reason to do that.

Posted by: S | Nov 9 2023 18:04 utc | 14

This sort of is and isn't about the destruction of Gaza ... and the UK.

The big "ceasefire" demonstration intended for London this coming weekend is not only condemned by the (zionist) Home Secretary, but also by the so-called "Campaign Against Antisemitism" which has now even called for the army to be deployed aganst protesters.

Yet at the same time, an allegedly "anti-racism" outfit spun off from a supposedly "anti-racist" organisation, State subsidised and *headed by hard-line zionists* (which thanks to Tony Blair has a little mentioned *political policing* department within the Home Office), is declaring its support for the demonstration to take place.

And so-called "far right" elements, plus trouble seeking football suporters -- both usually demonised by the Establishment -- seem to be getting organised *by the Establishment* to oppose the demonstration -- a demonstration which the Metropolitan Police have approved, and been attacked for doing so by the Home Secretary.

Just to add to the mix, Braverman is a Home Secretary now very much involved in internal "dirty tricks" conspiracies between rival factions (all bad, and ideologically identical) of the ruling Conservative Party.

So the State's agent provocateurs are sure to be active *on both sides* at the demonstration. Quite what they will do, how effectively and with what ulteriorly-motived intent, remains to be seen.

Posted by: Cynic | Nov 9 2023 18:06 utc | 15

Been a while since I checked the open forum, maybe already covered, otherwise this would explain RFKjr's unnecessarily over the top war mongering, campaign destroying, blanket endorsement of Israel - he's pwnd. I’m now suspect, Iverson is too.

I must admit that every time I hear “my kids” or “my mother” in an alibi my bullshit detector beeps loud, I should have been a cop:

"So, you were with your mother, huh!" "That's right officer, I'm a good son, officer, I love my dear old mom." "Anyone else with you at mom's!" "Why yes, officer, my wife and kids, I'm a good family man, officer."

Iverson does a good job with the pros and cons here. For myself I'll add that RFKjr and all the friends of Epstein are all very high power players and all have inside info, a cadre of advisers, deep insider who are long time personal friends who would have warned them about Epstein, at least about the disturbing rumors. Most peeps head the other way when the word pedofile is mentioned. Kennedy like Bill Gates, Bill Clinton would have been told to best keep away from Epstein, absolutely no way he didn't know about the rumors.

RFK Jr Explains His Two Trips On Jeffrey Epstein's Lolita Express

@~ 50 min -> https://rumble.com/v3u65mj-rfk-jr-explains-his-two-trips-on-jeffrey-epsteins-lolita-express.html

Posted by: LightYearsFromHome | Nov 9 2023 18:22 utc | 16

A headline for today:

Brawls erupt outside LA Museum of Tolerance screening of Hamas atrocities footage

-- Pulled off a UK news aggregator

Posted by: Bemildred | Nov 9 2023 18:24 utc | 17

Roger Boyd on Trump vs DeepState & NATO vs EurAsia...
https://rogerboyd.substack.com/p/when-cultural-and-economic-hegemony
In the mid-2010s, the internationalist elite of the United States understood that they were running out of time to rescue their global hegemony from the threat of a multipolar world.

The distractions and delays provided by the Trump presidency, the Afghanistan debacle, the Ukraine debacle, the Gaza conflict and the 2024 US elections, together with Chinese, Russian and Iranian patience and intelligent diplomacy, may be seen in the future as some of the main factors that forestalled a global war. Time is on the side of the other 7 billion.

Well worth reading in it's entirety. De Vellipin is voicing a sop to French islamicists, to stop revolution from within...

Meanwhile, the Resistance, per Alistar Cooke, slowly turns up the heat.... making it impossible for NATO inroads in Kzachstan and elsewhere in Asia and Africa...

INDY

Posted by: Dr. George W Oprisko | Nov 9 2023 18:31 utc | 18

@Dr. George W Oprisko

Please use <blockquote> </blockquote> tags instead of <i> </i> tags for quotes. Italic is hard to read.

Posted by: S | Nov 9 2023 18:34 utc | 19

Posted by: Dr. George W Oprisko | Nov 9 2023 18:31 utc | 18

Regarding Trump:

US ambassador laments ‘scary’ Biden poll numbers

I do think the interruption of their plans that Trump made by getting himself elected had a lot to do with the enraged reaction of the Obama/Clinton cabal, which still continues. ("The biggest f**k you in history" as somebody put it.)

Similar to the rage when Putin pre-empted their attack on Donbass, and the enraged Israeli reaction when Hamas proved a formidable opponent, not just a catspaw now.

And yes, COVID resulted in more stalling of the plan.

Roger makes a good argument.

I doubt Trump will be allowed to run, but then I doubt Biden will either. Still a year to go.

Posted by: Bemildred | Nov 9 2023 18:47 utc | 20

Posted by: S | Nov 9 2023 18:04 utc | 14

No probs...

Posted by: Echo Chamber | Nov 9 2023 18:49 utc | 21

i highly recommend our very own moa poster - roger - and his article from yesterday...

When Cultural and Economic Hegemony Fails Violence Tends to Follow

Posted by: james | Nov 9 2023 17:24 utc | 11

Thank you, James, excellent essay.

Posted by: Zet | Nov 9 2023 19:03 utc | 22

@ S | Nov 9 2023 18:34 utc | 19

it is clear @ Dr. George W Oprisko | Nov 9 2023 18:31 utc | 18 doesn't read others posts.. not sure what to do about that.. i shared the same link @ 11

@ Zet | Nov 9 2023 19:03 utc | 22

thanks zet.. glad you appreciated it!

Posted by: james | Nov 9 2023 19:54 utc | 23

There were some news today that US long-term (30 year) treasury bonds had very weak demand at the auction today. Hence yields keep going up.

Seems the bidders simply aren't there.

Posted by: unimperator | Nov 9 2023 20:07 utc | 24

A brief Brazilian musical interlude of classic thrash from the 1990ies "Sepultura - Arise":
· the official music video to the album recording, English lyrics in the video description.
· superior live performance with Spanish translation of the lyrics as subtitles.

For me this is medicine :)

Posted by: Sunny Runny Burger | Nov 9 2023 20:27 utc | 25

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Voices from the past are getting louder. In fact, they are screaming!

Posted by: Ozark Grandpa | Nov 9 2023 20:34 utc | 26

@ Ozark Grandpa | Nov 9 2023 20:34 utc | 26

with the quote which I pull from to make my point
"
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
"

Samuel Clemens wrote that it is easier to fool a man than it is to convince a man that he has been fooled.

Wake me when the voices are all pushing for public finance like I have been doing here for over a decade......... "public" is looking closer for the RoW than I would have thought possible back then.

Posted by: psychohistorian | Nov 9 2023 20:52 utc | 27

Russian historian Vladimir Simindey on Nazi Germany’s pre-invasion plans for the Ukraine:

And now an exclusive from our new (expanded) edition of Nazism in the Occupied Territories of the Soviet Union!

“Instructions for the Reichskommissariat Ukraine,” dated May 7, 1941, were prepared by Nazi ideologist Alfred Rosenberg (hanged by a decision of the Nuremberg Military Tribunal as one of the main German war criminals) and his apparatus. This document, to put it mildly, was not advertised at all in Soviet times and was not published in post-Soviet times. Thanks to the efforts of Aleksandr Dyukov, it is being published for the first time (!) in Russian. Here are important excerpts from the “Instructions…”

—

The purpose of the work of the German Reichskommissar for the Ukraine is, first of all, to provide the German Reich with food and raw materials in order to strengthen the German military leadership, and subsequently to create a free Ukrainian state in a close union with the Greater German Reich.

Ukrainians and Russians have been at war for hundreds of years, although Great Russian politics and historiography have managed to carefully hide the fact of this protracted confrontation. The last century has undoubtedly brought with it widespread Russian penetration into the ranks of the Ukrainian intelligentsia. Russian domination was interrupted in 1918, and later the victorious Bolsheviks had to take into account the fact of the existence of the Ukrainian language and the Ukrainian ethnicity, although within the framework of the new policy, according to the old Moscow template, every attempt was made to embed Bolshevism into Ukraineness […]
…
Strengthening Ukraineness will make it possible to ensure protection of the German industry not only by military means, but also, over time, through voluntary cooperation with the Ukrainians. The economic and economic-political aspirations of the German Reich thus depend 50% on the political leadership and goals in the Ukraine. Since Germany completely sincerely strives for the liberation of the Ukrainian state, there are no obstacles to announcing this goal at the right moment, the condition for fulfilling which, of course, is defense against Moscow together with the country that will have freed the Ukrainians from oppression: Germany. Since the Russian yoke can be reestablished at the first opportunity, the initiative to proclaim a Ukrainian state seems justified, as the Ukrainians, being under constant threat from the north and without a fortified border will be forced to turn to their strongest neighbor, the German Reich, for support.

Based on this goal, it would be good to take control of all aspects of psychological influence as soon as possible, i.e., with the help of Ukrainian writers, politicians and scientists, it is necessary to revive Ukrainian historical self-awareness in order to overcome the consequences of the Judeo-Bolshevik yoke that took place during these years […] The publication of Ukrainian epic and political literature must be encouraged by all means. At the same time—a retelling of the history of Germany and the National Socialist Reich in Ukrainian. Although it will not be possible to do without the Russian language for a long time, efforts must be gradually made to eliminate Russian from use as a foreign language and to introduce the use of German among ambitious strata of the population. […]

The tasks of the Reichskommissariat Ukraine may have world-historical significance. If we succeed by all means—political, psychological and cultural—to create a free Ukrainian state up to Saratov, then the centuries-old nightmare of the German people associated with the Russian Empire will be destroyed, Germany will not be threatened with a naval blockade, and the influx of food and raw materials will be guaranteed for all future years.

Posted by: S | Nov 9 2023 20:54 utc | 28

Cont’d from #28

So, the Hunger Plan for Russians, but a vassal state for Ukrainians. Even though, in terms of their language and religion, Belarussians and Ukrainians are simply Western Russians (Ruthenians). But Nazis didn’t care about real history, they cared about agricultural resources and the workforce necessary to exploit them, so they’ve adopted the “Ukrainians are kinda okay, but Russians are subhuman” narrative to fit their goals.

Posted by: S | Nov 9 2023 21:13 utc | 29

The US is destroying itself so quickly it's stunning. Oil is no longer priced in Dollars, we've united our enemies, and lost the global South. No one seems to see what are epochal changes, the 10yr T-bill is at 5%; The shift is massive, we just don't feel/realize it yet

Posted by: scottindallas | Nov 9 2023 15:08 utc | 2

Well, a lot are too busy with 3 minimum wage jobs, trying not to become homeless, to notice.

For those who do have leisure to notice, they will try to resolve the problem with the Power of Positive Thinking! Or maybe tithing to CReflo Dollar or some other Health and Wealth preacher.

Whey those have obviously failed, they'll blame scapegoats: "It's Russia's fault! It's China's fault!"

Finally, they'll turn on each other, like in Bosnia a few years ago.

Posted by: lester | Nov 9 2023 21:48 utc | 30

f the US fighting Russia and Iran at the same time and had a standoff with China over the rusty ship at Second Thomas Shoal (requiring the attention of at least one aircraft carrier strike group), what would North Korea decide to do?

Posted by: cornpop | Nov 9 2023 17:28 utc | 12

Don't forget the war with Mexico some of our congress critters want!

Posted by: lester | Nov 9 2023 22:01 utc | 31

Rising T-Bill interest rates amplify the U.S. budget deficit.

At 1%, the U.S. only has to pay $330B annual interest.
At 5%, it becomes over $1.5T as the U.S. bond portfolio rolls over.

Posted by: Christian J Chuba | Nov 9 2023 22:03 utc | 32

@Posted by: LightYearsFromHome | Nov 9 2023 18:22 utc | 16

Thanks for the link re:RFK, Jr and his trips on Jeffery Epstein's Lolita Express.

Lengthy broadcast you linked to. The RFK, Jr segment begins at the 50 minutes mark.

At the 1 hour 1 minute mark the video shares a recent (Nov 5th) Tweet (X) from RFK, Jr.

"Bravo, Bill Ackman, It's time to hold college admnistrations responsible
for the epidemic of campus antisemitism by insisting on zero-tolerance policies."

If you are not familiar with Ackman and his extortion letter to Harvard
in which he makes demands on Harvard, demands that would make McCarthyism blush,
go read it.

So, if you have been wondering whether RFK, Jr was going to soften his Zionist stance
after witnessing the mass murder, attempted genocide and racial cleansing by the
Zionists in Gaza...
well, stop wondering.

---
ps. RFK, Jr recently got rid of his campaign manager Dennis Kucinich
in favor of a CIA agent. Yes, you read that correctly, his campaign manager
is a CIA agent and it appears she is also a double agent for another country.

Posted by: librul | Nov 9 2023 22:14 utc | 33

May be Hamas position is : « we know Abbas is being bought by Israël and in this process we will be kept slave. » So a sense of militar morality chooses war.
It is in the moral of our world that a nation fights for its freedom since the XVII century. And for its survival since Troy of the Illiad. (1100.bc).
Since 1914 in the west we have not been fighting. (Not fighting against the unfair power that dominates us).
The result is that we are the slaves or the cattle of people we don't even know. And of our own misconceptions.
The people we see, presidents, politicians might not the people who really rules.
In this Palestine genocide some power, money power, might use Israël and the white house. Might stand above.
Straussian Neo-cons may be. May be of jewish origins. And yet it has nothing to see with judaïsm. And probably those are not tje real master neither.
We can not generalise. Even if there is a great tension in us when we see that shoah, trauma and prehistoric genocidal religious texts as Amalek part in Samuel 1 15 agglomerate.
We want to stay warriors. We don’t want to spoil our lucidity in temptation of anger or hate. Intern Jiyad.
The children who think it is the fault of the jewish thinking believe they have touched the rock bottom of truth.
In Israël, in Europa, in the States the people has been fed by lies since 1870. Or 1830. So we are blind. Politically blind. Stupid religious caricatures are toys we are given to fight between us.
A true political stance should not indulge in religious or racist argument or elaboration.
The political, the warrior truth does not and cannot step in metaphysical truths. Different worlds. Abdel Kader is the witness of that.
There is a truth of politics and war. Let us not spoil it with childish view on domains we know we know very little about.
Don’t believe the manipulation taken out of religious and obviously obsolete texts as anything to do with truthes that lie in other parts of the same religious texts. Like anything religions gets obsolete. So we need.to clean it. To distinguish.

I am not sure either than the XIX political systems (I mean communism and anarchy) are at the level of our present needs. I hope this present mundial war already started will force us to frame a new political tool.
Honesty (an understandable word for spiritual virility) will have to play a part in it.
We are not mature yet, we are not deep enough in this war yet to have built the tools needed. We start to work on it. We could not, I believe, when the pressure was not on.
The way toward truth and respect is the way toward a just political world..
It needs truthful and dispassionate citizens. Those who search for peace should refrain to insult the truthes lying under religions. Which does not mean to abandon one's lucidity to any pretended religious authority.

Not insulting make our lucidity and autonomy grows. The crowd and the mob insult and destroy all what come in his way. We will witness that so much the next monthes.
The world will find peace when the people connect with the fair ones. Itis going to be a long story. Last war was nothing in comparison.
When we see the truth in action we recognise it. Ask Emily Kelly Callahan

The world is better every time someone goes dipper in his own knowledge.

Posted by: Baile | Nov 9 2023 22:30 utc | 34

librul @ 33

Lengthy broadcast you linked to. The RFK, Jr segment begins at the 50 minutes mark.

I did indicate @~50min. I almost fell for RFKjr, though I was highly suspicious of him sending his kid off to kill Ruskies in Ukraine, but I imagined a RFKjr-Tulsi ticket that would wipe the slate clean of Dems and MAGA and save Amerika. As a safety reflex I try to be as negative doom and gloom as possible but I keep getting caught up in that optimism nonsense. I thought Clinton was going to undo Reaganomics, I fell for the first black President, too young too sharp too hip to be evil, fell for Bernie and his righteous civil right history bullshit, fell for Tulsi (ok, she's hot). Jimmy Dore recently took her apart, a genocide cheering snake headed siren.

I'm just a born sucker. From here on out I'm going to hold on to my doom and gloom like a jack russle terrior to a mailman.

Posted by: LightYearsFromHome | Nov 9 2023 23:36 utc | 35

FYI

1] Georgia man arrested, accused of threatening to kill Rep. Marjorie Taylor Greene https://www.wsbtv.com/news/local/georgia-man-arrested-accused-threatening-kill-rep-marjorie-taylor-greene/DUUKCRZCKFG4FMSXOKIQLMLI6U/

2] Only a Progressive Intellectual Can be Dumb Enough to Say Men can get Pregnant and Other Destructive Symptoms of TDS https://torrancestephensphd.substack.com/p/only-a-progressive-intellectual-can

3] Michigan citizens vote out entire local govt. after they approved Chinese battery plant. https://www.youtube.com/watch?v=csFXCIMkGRU

Posted by: Dogon Priest | Nov 10 2023 0:40 utc | 36

LightYearsFromHome:
Hmm, well I believed George Bush, Colin Powell, Rice... so I'm not exactly any better. For the right reasons too, not for some evil plot, and I'm sure at least half of all posters here would gladly shout "stupid" at the top of their lungs both back then and now :) (and be right).

At least we know we were wrong.

Posted by: Sunny Runny Burger | Nov 10 2023 0:41 utc | 37

There were some news today that US long-term (30 year) treasury bonds had very weak demand at the auction today. Hence yields keep going up.

Seems the bidders simply aren't there.

Posted by: unimperator | Nov 9 2023 20:07 utc | 24

They just buy them themselves from one pocket to another again see Japan for details. Like most central banks did through covid.

https://billmitchell.org/blog/?p=50605

Posted by: Echo Chamber | Nov 10 2023 1:21 utc | 38

Rising T-Bill interest rates amplify the U.S. budget deficit.

At 1%, the U.S. only has to pay $330B annual interest.
At 5%, it becomes over $1.5T as the U.S. bond portfolio rolls over.

Posted by: Christian J Chuba | Nov 9 2023 22:03 utc |The

It's just non government sector " savings" either held as cash or treasuries. With the majority receiving the interest payments (the rich or pension funds or foreigners) swapping their interest income back into treasuries. Which effects the national debt held ( treasuries) more than the deficit ( cash).

Both are the non government sectors " surplus".

This excellent debate from 2009 is very helpful Christian.

https://billmitchell.org/blog/?p=3921

" If you are saying that at some point the interest payments as a % of GDP become so large and private sector spending is such that there is less non-inflationary room available for other discretionary spending then fine that is what taxation is for – to reduce private spending and/or the government can reduces its own spending somewhat.

But before that happens the current account, tax (shredding) (from higher activity) and saving will be taking up a signifcant part of the adjustment.

But this is just saying that prudent government net spending is limited by the available skills and real resources in the economy left by non-government saving desires.

There is also a certain irony that the voluntary decision to issue debt $-for-$ to match net spending then increases spending towards the inflation threshold.

If you are saying that the public and the commentators etc are so conditioned that they will invoke political consequences on a government that has a debt ratio above some “acceptable” level (read what mainstream media deems in their ignorance to be acceptable!).

Then that is a political constraint – which doesn’t reflect any financial reality or any physical reality (real resource capacity).

Posted by: Echo Chamber | Nov 10 2023 1:32 utc | 39

The world is better every time someone goes dipper in his own knowledge.
Posted by: Baile | Nov 9 2023 22:30 utc | 34

i once went so dipper in my own knowledge that i fell aslip.

Posted by: frkorz | Nov 10 2023 3:34 utc | 40

@Posted by: LightYearsFromHome | Nov 9 2023 23:36 utc | 35

I had looked forward to voting for RFK, Jr, too.

It was a shocker when I read his first rabid pro-Zionist press release after Oct 7th,
and I have always respected Dennis Kucinich who was dumped as campaign manager
in favor of a CIA agent(!)

I honestly don't remember if I had done it before Oct 7th or shortly
thereafter, but I took a deep dive into learning about his new campaign manager
(the CIA agent).

Briefly, very briefly, I am going to spit this out: she wrote a "Limited Hangout" article
that was published and in it she let it be known that she had been recruited by
MI6 while at Oxford. She claims that she turned them down. Her mentor - "writing mentor" -
she says, at Oxford was Daniel Pearl. Yes, *that* Daniel Pearl. The one who
used "reporter" as his MI6/Mossad cover while in Pakistan. Another MI6 agent that
had been "turned" had Pearl kidnapped to use as barter to get a Muslim terrorist
released. The "turned" MI6 agent did know at the time that Pearl was Israeli (American/Israel
dual citizenship) but someone thought it would be a good idea to tip off a newspaper
about it. The tip cost Pearl his life.

At any rate RFK, Jr's campaign manager had interesting history while at Oxford.
(It gets more interesting)
Her father was a point man for the British empire, traveling the world converting
property that had previously been Communist state property into "public property" -
public for fat cats with cash. Her father had access to and mingled with people
with power in many countries. If he wasn't MI6 himself he was a terrific source
of information for them.

RFK Jr's campaign manager immediately after graduating Oxford went to Georgetown
University. This may or may not ring bells for you, but it is *the* place to be
if you want to be recruited by the CIA. They have a full time recruiter there.
In her article the campaign manager said that she, "had no idea there was a CIA
recruiter practically on staff there". But she said yes to the CIA when asked.
By the way, she attended the same school within Georgetown that then CIA Director
George Tenet had attended.

She went through the most intense training at the CIA. Part of her training was
in "turning" people into assets for the CIA. In her article she talks about
putting her training at "turning" people to good use.

After several years she "retired" (wink) and took as a cover job the
role of reporter (same as Daniel Pearl). Later, she met and married RFK Jr's son.
Yep, she married into the politically connected Kennedy family.

I would love to know how much influence she had in convincing RFK Jr to run for
President. At any rate, RFK Jr made her the assistant to Dennis Kucinich.
That was her "internship" of sorts, and once she knew enough Kucinich was history.

So, a CIA agent trained in "turning" people into CIA assets is now the campaign manager
of a US Presidential candidate.

Is she purely CIA or MI6/CIA or Mossad/CIA or...is there such a thing as a triple agent?

I certainly didn't plan on typing this much when I started. But there it is. Quick and dirty.

So, on top of all this, now we learn that RFK Jr also has a Jeffery Epstein (Mossad/CIA) / Lolita Express connection.

Posted by: librul | Nov 10 2023 3:45 utc | 41

Heck!

"did" should be didn't !

@Posted by: librul | Nov 10 2023 3:45 utc | 41

The "turned" MI6 agent did didn't know at the time that Pearl was Israeli (American/Israel
dual citizenship) but someone thought it would be a good idea to tip off a newspaper
about it. The tip cost Pearl his life.

Posted by: librul | Nov 10 2023 3:49 utc | 42

"WHAT China wants from Pakistan is the same as what China wants from every other country, which is to endlessly run a trade surplus in their favour."

"Just add up the numbers. Since 2010, Pakistan has run a cumulative trade deficit with China equal almost to $90 billion. This means capital worth $90bn has flowed from Pakistan to China against goods and services coming the other way. The next big deficit region includes the oil-producing countries of the Gulf. With the US, in the same period, Pakistan ran a trade surplus of $34bn. With the UK, it ran a trade surplus of almost $12bn."

https://www.dawn.com/news/1787727/what-china-wants-from-pakistan

Posted by: Antonym | Nov 10 2023 4:24 utc | 43

Accepting the postulate as fact (I did not bother checking it) Pakistan currently wanting to buy more from China than China wants to by from Pakistan is not much of a problem and not really any fault of China or even Pakistan. In general it means Pakistan finds more value in buying things from China than elsewhere or instead of making whatever it is themselves. Pakistan is not the only country/economy that currently feels this way.

Posted by: Sunny Runny Burger | Nov 10 2023 5:20 utc | 44

The Duran had a good discussion of the position of Italy, but I think that they underestimate the scale of the problem.

Italian government debt to GDP is now over 150%, while its GDP is still lower than in 2008 (GDP growth averaged only 0.6% from 1996 to 2022!) and its population is falling due to emigration (young people leaving for better options abroad) and a very low birth rate (young people without good enough options to have kids). Italian 10-year government yields are now 4.5%, which means that if all Italian debt normalized at that rate, Italy would need 6.75% of GDP just to pay interest with an economy with no GDP growth (GDP actually shrank 0.4% in Q2 2023)! With inflation at just over 5% then nominal GDP growth is 5%, so not even inflation will stop the growth in the debt as a percentage of nominal GDP. There is no foreign exchange risk premium (at the moment) as its the Euro not the Lira.

So now we are looking at a European recession, which means shrinking GDP which cuts tax revenues and increases outlays and reduces inflation. A recipe for a complete disaster in Italy, with Italy quite possibly becoming the Greece of 2024/2025 but of course on a much bigger level than little Greece. The level of debt restructuring would be incredible given that default plus currency devaluation is not an option within the EU straitjacket. Or perhaps the Euro starts to break at that point? What happens if rates leap as buyers step back from this debt disaster? Will the ECB then go into full on print mode again and trash the Euro to save Deutsche (and quite a few other European) Bank(s) again?

Really lovely condos and houses are very cheap right now in Italy relative to other countries (an absolute steal compared to crazy Canada!) but they may get a lot cheaper in the next couple of years! I have to admit to having an Italian youtube property porn addiction, compared to the $1 million plus boxes in Canada there are many beautiful historical homes far, far cheaper in Italy. A very, very nice place to retire if you time it right...

Posted by: Roger | Nov 10 2023 5:50 utc | 45

Posted by: S | Nov 9 2023 21:13 utc | 29

...they’ve adopted the “Ukrainians are kinda okay, but Russians are subhuman” narrative to fit their goals...

Thanks for this interesting topic and reference. Feel free to correct me as I am speculating:

The Germans' main motive in invading USSR was to prevent the full rise of an industrial rival which would- a) consume the resources Germany wanted and, b) eventually dominate Europe in economic size. It then makes sense to me they would seek alliance with the Soviet population that was mostly peasantry, lacked fellow feeling with industrial workers, and resented the fact that their produce fed the urban proletariat in Donbass and Russia.

We can see the western imperialists returned to this formula after 1991: favouring agricultural western ukraine, engaging in almost comical pro-peasant political propaganda (thinking of rubbish like this), and seeking to destroy the industrial centres in eastern Ukraine.

Perhaps the bias towards Ukrainians is due to their participation in an economic production system that is completely harmless to western imperialism.

Posted by: Browser | Nov 10 2023 7:32 utc | 46

Posted by: Roger | Nov 10 2023 5:50 utc | 45

Italy's debt is in a foreign currency the Euro. So the EU controls Italy completely. The ECB will refuse to buy the bonds and leave them to the mercy of the bond vigilantes. This nails it by Thomas Fazi.

https://americanaffairsjournal.org/2021/05/the-eternal-return-of-technical-government-in-italy/

Tax cuts, tax cuts, tax cuts, tax cuts is all the right want not for you but businesses. Lizz Truss now Meloni show they are utterly clueless. Cutting taxes with supply side constraints and inflation already at high levels will make it worse. Remembering that the constraint is your skills and real resources and productive capacity of your economy.

Not only that because Italy use a foreign currency the Euro. Taxes "DO" fund government spending. Unlike other fully sovereign nation states.

Putting it altogether it is clear she only wants tax cuts for businesses and impose austerity on everyone else. As the tax cuts will increase the Italian budget deficit. Eventually, those who benefit from the tax cuts, who typically have a lower marginal propensity to consume (how much they spend out of every extra Euro received), run out of things to buy and pocket the bonuses. Who will then swap that surplus for bonds and increase the national debt.

The EU commission will impose their Deficit and debt rules via the stability and growth pact ( Orwellian language ) and impose harsh austerity on everybody else. Asset stripping and privatizing anything that isn't nailed down from which to extract rent.

Meloni knows all of this and why she was hand picked by the technocrats to run Italy. Her backers will get what they want and when she is voted out she will be well rewarded for her efforts.

Mecouris understands none of it lives in la la land. Thinks all currencies are the same. Thinks taxes fund things in America, UK, Russia, Canada, Australia, New Zealand, Japan like they do in the Eurozone. Certainly doesn't understand the debt or the deficit only looks at the liability side of the balance sheet.

Budget deficits are ALWAYS good for someone in the non government sectors. Politics decide who that someone is and the right choose business and the upper class every time.

Posted by: Echo Chamber | Nov 10 2023 8:55 utc | 47

“Support” is a poor word to describe their hysterical, xenophobic gung-ho posture, less in favour of Ukraine, if the truth be told, than against Russia. And then, as I’ve argued, “Russia” in this sense is not a actual country, but a symbolic enemy to be destroyed, because it contravenes the dearest universalist ideological notions of our Professional and Managerial Caste and, by nonetheless continuing to exist, suggests that they may not be absolutely universal after all.

Posted by: Passerby | Nov 10 2023 8:56 utc | 48

"Cutting taxes means the government receives less money."

Which is VERY important in the Eurozone for Italy as taxes "DO" fund spending.

Cutting taxes may mean less money is collected, or it may mean that more money is collected. That’s because the total amount collected isn’t related to the tax rate, but the level of spending and saving in the economy.

Money doesn’t stop at its first use. Your spending is my income and vice versa.

If household taxes are cut, then people have more to spend which increases the number of spending transactions in the economy. Taxation quantity is a geometric series, not a simple sum. It behaves like a stone skipping across a pond. Lowering taxes just means more hops before the stone sinks. The total collected, however, will be much the same as before "UNLESS" there is a material change in the amount of saving.

In sovereign nation states we want the government to receive less money from the tax cuts. The less the government receives, the more people will have saved and more money in their pockets and the lower inflation will be from the changes.

If that happens in Italy. Well it can't, it is not allowed to happen and the growth and stability pact will ensure it doesn't. Budget Deficits ( our surplus) can't go above 3% of GDP.

This is how the gangsters in Brussels trap you and prevent change. Then asset strip you from which to extract rent. Neocolonlialism without sending in an army.

Posted by: Echo Chamber | Nov 10 2023 9:12 utc | 49

This is where the meme " Putin's exports FUND Russia's war" came from.

The idiots like Mecouris confuse Russia a sovereign nation state that issues its own sovereign currency with a Eurozone country.

Posted by: Echo Chamber | Nov 10 2023 9:21 utc | 50

Wall Street Silver reported.

-US interest on federal debt has now exceeded $1 trillion
-Within 12 months, US will need to roll over (refinance) $6 trillion of its $33 trillion debt
-If they are refinanced at 5%, US will be paying $1.3 trillion interest sometime within 2 years (excluding the growth of debt)
-If the debt rises to $40 trillion in 2 years and everything is refinanced at 5%, the interest payments will exceed $2 trillion by 2026
-US income taxes are around $2.5 trillion and other taxes make up another $2.5 trillion

https://twitter.com/WallStreetSilv/status/1722272013757353987

Posted by: unimperator | Nov 10 2023 9:26 utc | 51

Re: Insolvency of the Federal Gov’t

Right now - 20% of Federal Income goes to pay interest. Based on what unimperator posted above that percentage increases to.

2025 - 25%
2026 - ~30%

Posted by: Exile | Nov 10 2023 11:11 utc | 52

Latest New Atlas on the next US proxy war tool.
https://www.youtube.com/watch?v=ATiC301RhYI

at one point it seemed like the Phillipines was escaping the US influence, but now it is acting like the EU and the NATO countries. hell, it might even join NATO.

Posted by: pretzelattack | Nov 10 2023 13:04 utc | 53

the 10yr T-bill is at 5%; The shift is massive, we just don't feel/realize it yet

Posted by: scottindallas | Nov 9 2023 15:08 utc | 2

Not in historical terms just look at the 50 year chart

https://tradingeconomics.com/united-states/government-bond-yield

There take a deep breath now and relax. Very good for savers and pension funds for a change.

Posted by: Echo Chamber | Nov 9 2023 15:38 utc | 4

Echo you are wrong. Yes interest rates have been higher, especially in the 70's but there is ONE big difference which negates your idea.

In 1980 the US had less that 1 trillion dollars in federal debt and paid about 120 billon (at the highest) annually in interest payments while today the interest payments are more than a trillion in interest alone on 33.7 trillion dollar deficit while China and Russia aren't buying US treasuries any more.

And to make it worse that lunatic Yellen is shifting down on the treasuries offering to lower terms (less than 2 years) which will v blow up in thier faces next year.

Posted by: canuck | Nov 10 2023 13:32 utc | 54

Political earthquake

In a setback for the Democratic Party's ambition to retain control of the US Senate after 2024, Senator Joe Manchin will not seek re-election next year, the centrist West Virginia Democrat announced on Thursday. At the same time, he raised the possibility of causing more mischief for the Democrats, as he also teased a potential independent bid for the White House.

Manchin's move will almost certainly deliver his senate seat to the Republicans. By one measure, West Virginia is the reddest state of all: In 2020, Trump won the Mountain State by a 38.9% margin, his biggest trouncing of Biden anywhere.

From ZH (aka Zionist Hasbara)

Posted by: librul | Nov 10 2023 14:09 utc | 55

Mike Shelman's analysis of Permian Tight Oil Production claims max daily production occurred this year..
https://www.oilystuff.com/forumstuff/forum-stuff/welc..
New poop from Novi.

Look that that shit in 2022 headed for the basement, wowzers !
So goes the Permian, so goes USA tight oil...
Looks like USA oil production finally peaked..
INDY

Posted by: Dr. George W Oprisko | Nov 10 2023 14:19 utc | 56

Posted by: Baile | Nov 9 2023 15:46 utc | 5

About the very moving Callahan interview posted yesterday by B. https://youtu.be/gk7iWgCk14U?si=G9HkTuGa9cT9cT1r

We want peace, and a new order. Malraux said « the XXIst century will be religious or won’t be. » It is very important in my view not to understand religious as a manipulative ideology (even if institutional religion very often becomes that), but as a deep and not clownesque sense of humanity.

Good points, thank you. Religion is tricky. Partly because of institutional corruption, in some cases going back millennia; but even without the corruption quotient, there is a difference between dogma and religious motivation. Dogma is not necessarily bad, for basically it’s words conveying messages, stories, guidelines, but as the Zen saying goes 'they are not the moon, they are the finger pointing at the moon'; we often fight over words without feeling their original intention and meaning, though we need them to discuss.

What is missing are atmospheres facilitating mutually respectful interchange. On a civilizational scale this atmosphere is called 'culture'. Uplifted and degraded cultures resolve the same issues in very different ways.

The situation in Israel has been demonstrating for a long time how an exceptionalist ‘Chosen’ culture creates bad atmospheres with inhumane results, and it seems the European Christian civilization adopted that same culture. The world is rejecting this culture.

We all need to connect to that within us which, like Nurse Callahan, responds on the heart level and finding ways to have that permeate our collective cultures. This might involve returning to traditional religions despite their institutional shortcomings or it might be by developing new ones, but basically we must find ways to engender bedrock kindness, the foundation of the religious impulse and which all humans possess. ‘Religare’ means ‘to bind’ and what binds us together, which makes us all kin, is kindness.

From the Buddhist tradition: ‘Humbleness is the dwelling place of the forefathers.’

Lastly, I haven't watched CNN in years, but that was a good interview. Good catch!

Posted by: Scorpion | Nov 10 2023 14:49 utc | 57

@43

lolol, as if your average bhakt gives a flying fig for the well-being of Pakistan of all places!

Nonetheless you’re stuck here concern-trolling into the ether of MoA’s 3rd-string thread while everyone’s attention remains on Palestine and just barely Ukraine. Will Great Vishwaguru ever catch a break?

Posted by: J D | Nov 10 2023 16:51 utc | 58

Posted by: canuck | Nov 10 2023 13:32 utc | 54

Posted by: Exile | Nov 10 2023 11:11 utc | 52

Posted by: unimperator | Nov 10 2023 9:26 utc | 51

That's the wrong way to look at it all. The size of the deficit or debt does not have anything to do with solvency issues.

Saying that In 1980 the US had less that 1 trillion dollars in federal debt and paid about 120 billon (at the highest) annually in interest payments while today the interest payments are more than a trillion. Is like saying the debt in 1937 was $36 bn was unsustainable and also considered HUGE at the time. It wasn't and America went through a period of prosperity.

They have always tried to frighten you. You should watch it all but just watch from 8 mins in on the link below.

https://m.youtube.com/watch?v=WS9nP-BKa3M

" while China and Russia aren't buying US treasuries any more. "

Stop and think where they got the $'s from in the first place , by selling America things and then swapping those $'s for treasuries. It is an asset swap. They never funded America.

Canuck you are the one that is wrong and one last time as I have posted it 7 times already. First of all they can just buy the bonds themselves like they did during covid. $120bn worth of bonds every month so they never need China or Russia or anyone else to buy the bonds. Just like Japan with zero bids for their 10 year bonds. They just buy them themselves as yield curve management.

https://www.bbc.co.uk/news/business-59152804

Second and more importantly canuck.

There are many different types of monetary instruments and they all have different properties. Some you can use in a vending machine, some you can use in the financial markets, some pay interest, some don't pay interest but they are decentralised and anonymous. These are ALL government liabilities all of which are guaranteed at nominal face value. Backed by the federal government in full faith and credit. Which one of those monetary instruments you choose to ISSUE has more to do with for example how many quarters you want to issue v's $20 bills.

If one monetary interest pays interest and the other doesn't that is the completely wrong distinction to make. You find yourself in a silly situation that You could have reserves paying 0% interest and call that money but then have reserves paying 2.5% and call that debt. Or US treasuries paying 0% interest call that money and US treasuries paying 4% interest and call that debt. When the reality is reserves are reserves and US treasuries are treasuries. The type of monetary instruments they are has not changed.

Say you have a 3 month treasury Bill and a coin both paying 0% interest. What is the difference to the economy if the FED issues a 3 month Bill and rolls it over forever or a coin held indefinitely. There's no difference. So what type of monetary instruments you ISSUE really matters. Let me explain why that is.

The amount of US treasuries issued by the US government is a joint decision made by both the treasury and the FED. The treasury has the discretion ex anti and the FED has discretion ex post. So in simple terms what the US treasury starts the FED finishes.

So if the FED decided they want more 30 year bonds in circulation it has 2 options.

1. The FED can sell 30 year bonds that It owns.

2. Ask the US Treasury to issue more 30 year bonds.

So if the treasury only issued 30 year bonds and done nothing else. Then the FED the day after the treasury issued them choose to replace half of the bonds with cash. Then that is EXACTLY THE SAME as if the treasury issued only cash then the very next day the FED replaced half of the cash issued with 30 year bonds.

You understand this Canuck ? Are you still following ?

This is a crucial understanding. It doesn't matter what monetary instruments the treasury decided to issue to fund its spending. What really matters is what monetary instruments the FED decided to leave in the monetary system after the treasury spending. From a monetary policy perspective if the FED wants more bonds in the system and less reserves. Or less reserves and more bonds It will simply do that transaction. By swapping the monetary instruments into what it wants. The amount of US treasuries in the economy the FED is monitoring on a daily basis.

So here is the real kicker Canuck....

Say the US treasury has been monitoring its spending for a month. Next week it needs another $20 billion in its treasury account so that it doesn't end up with a zero balance. The Treasury tells the FED it is going to issue $20 billion treasury bonds next month.

The FED says hang on a minute we have a pretty nice balance between reserves and treasuries at the moment. We would like to keep the balance of reserves and bonds the way it is. As it helps us to hit our overnight interest rate target.

The FED says to the treasury if you sell those $20 billion treasuries it will take $20 billions worth of reserves out of the system as the reserves are swapped for the treasuries. So what we the FED are going to do is, an hour before the auction is we are going to buy up $ 20 billion worth of US treasuries that are in circulation in the private sector. So that the private sector now has an additional $20 billion worth of new reserve balances.

The FED might have even done it as a repo as the private sector the primary dealers might have liked what balance of reserves and bonds they already had. So the FED gave the primary dealers a little sugar on top an extra basis point of interest here and there.

So now when the treasury auction happens the FED has just given the primary dealers an hour before the auction an extra $ 20 billion in reserves. So that they can buy the $ 20 billion of US treasuries the treasury is wanting to issue.

a) So the Primary dealers buy the US treasuries and now the treasury has $20 billion in its account.

b) The FED provided the funds to the primary dealers so they could purchase the treasuries.

So now the treasury spends the $20 billion into the economy. Which immediately creates an extra $ 20 billion worth of reserve balances.

So the FED now goes back to the original repo deal with the primary dealers and reverses it and does a reverse repo and buys back the $ 20 billion of US treasuries and thus removes the $ 20 billion excess reserves that the treasury spending created.

So what just happened Canuck ?

The US treasury got the $20 billion it wanted. The FED got the balance of reserves and bonds It wanted as nothing changed to make it easier to hit its overnight interest rate. The primary dealers were the middle man that earned all the sugar on top. The primary dealers portfolios remain unchanged.

$20 billion was created out of thin air for the treasury. The primary dealers were given the funds by the FED. There is always somebody to buy the US Treasuries. The FED provides the funds if it wants to. Or the FED just buys the bonds themselves like they were doing during covid to the tune of $150bn A month.

Saying that America relies on Russia and China to buy the treasuries is quite simply absurd. Shows clearly you don't understand FED operations.

Where you living in a cave during covid and missed the fact that most central banks were just buying the bonds themselves? Didn't need anybody.

Once again Canuck when you look at what happens when they do buy the bonds themselves it destroys all of your ideology and thinking.

When the private sector stop saving in bonds and spend their savings, the flow is taxed ( shredded) all the way down the spending chain the release of savings induces and that eliminates an amount of deficit that will be the exact equivalent to the bond (assuming no further saving downstream).

The answer is there for “the debt is paid off when the balancing asset is spent”. Just like any other decapitialisation event in modern accounting.

There’s no mystery to it.

Perhaps anybody who doesn’t get it should be forced to watch the Dark Crystal until they understand why a Mystic disappears every time a Skeksis dies.

Monetarists are getting very agitated at all this “pent up savings” which obviously nobody is going to hold onto once the wars ends and the supply side constraints and sanctions are over. And the monetarists are getting agitated about this despite the money being “neutralised” by bond sales.

Apparently there is a battle between the New Keynesian view and the Monetarist View. The possibility that both of them are wrong doesn’t appear to be considered…

Why do currency-issuing governments issue debt? – Part 1

https://billmitchell.org/blog/?p=45106

Why do currency-issuing governments issue debt? – Part 2

https://billmitchell.org/blog/?p=45108

Not that you will read any of it Canuck because you only deal in ideology not facts. Japan all by itself destroys everything you say. There was not 1 bid - Zero trading in 10-year Japanese government bonds. What happened did the sky fall in and the ground open up? Of course not people like you lost their shirts in what was called the Widow maker trade as they didn't understand central bank operations.

Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy

https://billmitchell.org/blog/?p=50605

Well unless you think like Canuck and think Japan is bankrupt.

More fun in Japanese bond markets

https://billmitchell.org/blog/?p=35303

Bank of Japan is in charge not the bond markets

https://billmitchell.org/blog/?p=34830

Bank of Japan once again shows who calls the shots

https://billmitchell.org/blog/?p=40250

A Free education Canuck right there above. Not that you will grab it with both hands.

Posted by: Echo Chamber | Nov 10 2023 17:16 utc | 59

When a child tests their parent’s resolve to see what “it can get away with” it demonstrates who has the power in the relationship.

It is the same with the relationship between bond markets and central banks. The former operates within the space granted to them by the policy decisions of the latter.

The central bank always calls the shots on yields and the bond markets only set yields if the government allows them to.

This should tell you that all the claims made by mainstream economists and the sycophantic commentators that just copy their words that bond markets will drive yields up when they lose trust in a government’s ability to pay and this sparks a crisis which can only be resolved by fiscal austerity are hollow.

The bond markets can never drive a "currency-issuing" government into insolvency.

The bond markets can never drive yields up to elevated levels unless the government (via its central banks) allows that.

The bond markets are mendicants in this context.

And it didn’t take long for the JGB speculators to learn the lesson – again. For the umpteenth time they lost their shirts.

https://billmitchell.org/blog/?p=40250

At the same time Japan Demonstrated in real time and in real life basic errors in ideological macroeconomic theory.

https://billmitchell.org/blog/?p=43025

Even though Japan destroys all the bull shit and Orwellian language all by itself. Ideologues do what ideologues do best they just ignore it. Keep spreading bull shit regardless. Learning how it really works is not in their DNA. Or looking at any real data.

Japan "still" to slip in the sea under its central bank debt burden lol. Because ideologues say so.

https://billmitchell.org/blog/?p=40937

It's incredible to think so many people still believe the US is like a Eurozone country under the Jackboots of the ECB. With the complete and utter sham of ECB independence.

https://billmitchell.org/blog/?p=37150

Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 60

It's incredible to think so many people still believe the US is like a Eurozone country under the Jackboots of the ECB. With the complete and utter sham of ECB independence.

https://billmitchell.org/blog/?p=37150

Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 60

Actually most people don't give a crap about any of that. They go years at a time and don't think at all about it.

You, on the other hand seem obsessed with it.

Posted by: Bemildred | Nov 10 2023 18:17 utc | 61

ZH has a posting up with the title

Biden & Xi Will Meet In San Fran, To Prioritize Restored Military Communications

the quote

Next Wednesday Presidents Joe Biden and Xi Jinping plan to meet in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation summit, a Friday White House statement has confirmed.

Biden's press secretary Karine Jean-Pierre outlined that the two will discuss the "continued importance of maintaining open lines of communication" and how the two large economic and military powers "can continue to responsibly manage competition and work together where our interests align, particularly on transnational challenges that affect the international community."

Oh, to be a fly on the wall at that meeting.

Posted by: psychohistorian | Nov 10 2023 18:44 utc | 62

librul @ 41

Great background info, thanks. As awlays, it's a small club, and we ain't in it, but they're fighting for democracy.

Posted by: LightYearsFromHome | Nov 10 2023 19:46 utc | 63

INDY

Posted by: Dr. George W Oprisko | Nov 9 2023 18:31 utc | 18

As you mentioned Rand's study can I suggest this review of the study? https://www.lowyinstitute.org/the-interpreter/review-rand-corporation-s-war-china-thinking-through-unthinkable

There is one final section that seems to have some echos in what is happening elsewhere... rent meat is cheaper but the conclusion might be the same...

"The correct military decision for China would be to place enough pressure on the South to force America to commit large scale forces to the defence, without overwhelming it immediately and presenting the US with a fait accompli. Once committed, the US would be in a diabolical military situation. Hundreds of thousands of US land forces would be engaged against an enormous number of enemy combatants, supported by vulnerable supply lines in highly contested waters near the Chinese mainland. Indeed, it is perfectly likely a war that started in the Spratlys could be lost by the US at Busan.

Of course the US could simply abandon South Korea, but doing so would end its alliance credibility in the Western Pacific. Here even a military defeat could prove a major strategic victory for China, while occupation of Seoul would be a significant bargaining chip in negotiating a favourable peace."

Posted by: newbie | Nov 10 2023 19:49 utc | 64

Saying that America relies on Russia and China to buy the treasuries is quite simply absurd. Shows clearly you don't understand FED operations.

Posted by: Echo Chamber | Nov 10 2023 17:16 utc | 59

And the game is not limited to the direct (and obvious) way you mentioned, when there are others playing the game.

Add a layer and the red flag can be found elsewhere

https://www.investopedia.com/articles/markets-economy/090616/5-countries-own-most-us-debt.asp

We all know what powerhouses these holders are

4. Belgium

Belgium's large holdings of U.S. Treasuries can partially be attributed to the financial activity of Brussels-based company Euroclear, which is a major European financial house that specializes in the settlement of securities transactions. Euroclear currently holds assets on behalf of more than 2,000 clients.7

As of Jan. 2023, Belgium held $331 billion in U.S. debt, which is 4.47% of total foreign debt.2
5. Luxembourg

Luxembourg is the fifth-largest holder of U.S. debt among foreign countries while having one of the highest GDP per capita—$133,590 as of 2021, the latest data available. This ranking may be due to Luxembourg's status as a tax haven, where wealthy investors park their funds in local holding companies. Much of this wealth is then invested in various securities, including Treasuries.89

As of Jan. 2023, Luxembourg held $318 billion in U.S. Treasuries, equal to 4.29% of total foreign holdings.2

Can anyone call bullshit on this please?

Posted by: newbie | Nov 10 2023 20:08 utc | 65

Nobody mentioned this?

You might win you get labeled extreme-right you get shot, your car is driven off the road, etc

Strange that he would go for the ayatollah did it!

https://apnews.com/article/spain-shooting-politician-d98bb2f3c482eb006ece10b8669d4c12

Posted by: newbie | Nov 10 2023 20:12 utc | 66

November 1, 2023: Macron arrives in Kazakhstan for discussions about uranium and "cutting links with Russia".

November 8, 2023: First Aktau, then Almaty (capital of Kazakhstan): people from apartment blocks complain about the invasion of bed bugs.
vk

Posted by: Passerby | Nov 10 2023 20:46 utc | 67

Post by Scorpion 57

"We all need to connect to that within us which, like Nurse Callahan, responds on the heart level and finding ways to have that permeate our collective cultures"

Thanks scorpion, you wrote clearer than me what I wished to express!

Posted by: Baile | Nov 10 2023 21:09 utc | 68

https://nitter.net/thesiriusreport

@thesiriusreport
6h

If anyone wants to talk about the dollar then ensure they also explain the role the ESF plays in seeking to defend it.

There is at least another 100tn dollars unaccounted for on the US balance sheet and that was before they made it a matter of national security. Arguably it could now be 150tn

True US debt to GDP ratio is around 1000%.

The currency has already been printed into oblivion. One day we will find out just how much the ESF has been monetising US debt. Debt no one knows even exists.

Posted by: MD | Nov 10 2023 23:33 utc | 69

https://rumble.com/v3ua8xp-biden-mideast-policy-in-shambles-after-blinkens-disaster-trip.html?mref=jcwo5&mc=2sdbb

Biden Mideast Policy In Shambles After Blinken's Disaster Trip

The Ron Paul Liberty Report

Coming off a disastrous Middle East trip, at which he was shunned at every stop, Biden's Secretary of State Tony Blinken returned to a "dissent" memo signed by numerous State Department officials opposing current US policy. With poll numbers sagging for Biden - and even worse for Kamala - what's Team Biden's next move? All out war?

Posted by: MD | Nov 10 2023 23:42 utc | 70

http://ronpaulinstitute.org/archives/featured-articles/2023/november/02/a-great-man-in-moscow/

REMEMBERING Edward Snowden still?

...But Snowden revealed that the NSA and FBI were obtaining warrants from the FISA Court as a subterfuge. The feds do get FISA warrants, but only as a cover for their mass undifferentiated warrantless spying. This means that NSA and FBI use of the FISA Court is largely a sham, since the NSA and the FBI can more easily break the law and spy without warrants than they can follow the law and seek them.

ALSO

http://ronpaulinstitute.org/archives/peace-and-prosperity/2023/november/05/tulsi-gabbard-s-warmongering-is-nothing-new/

Some people are expressing surprise about the warmongering comments Tulsi Gabbard has been making in regard to the Israel war that has been ramping up over the last few weeks.

I thought she was for peace; how can she be saying this? That’s what some people are asking when discovering the recent comments of Gabbard who had worked hard to portray herself in the 2020 presidential election as the candidate for voters favoring peace.

Posted by: MD | Nov 10 2023 23:50 utc | 71

https://nitter.net/k_kumar0313

Kumar Abhishek
@k_kumar0313

The total losses of the European Union from economic sanctions against Russia have reached about $1.5 trillion, Russian Deputy Foreign Minister Alexander Grushko said on the sidelines of the Verona Eurasian Economic Forum.

Grushko also recalled that in 2013 the volume of trade between Russia and the EU was $417bn.

"If we look at the dynamics of the growth of this trade, this year it could be about €700bn," he added. - In 2022, after the sanctions were imposed, it was about 200bn, in the first six months of 2023 it was 46bn, so by the end of the year it will be less than 100 [bn]."

Next year, according to the deputy foreign minister, trade turnover between Russia and the EU may drop to €50bn.

Posted by: MD | Nov 10 2023 23:55 utc | 72

https://nitter.net/Kanthan2030

S.L. Kanthan
@Kanthan2030
3h
1 million — Almost. That’s the sales of electric cars in China in October! 😱

That’s the number for NEV, which includes pure battery EV and plug-in hybrid.

Total sales for the year will likely surpass 9 million, which will be 6x USA.

(Photo of BYD below)

Posted by: MD | Nov 11 2023 0:00 utc | 73

https://nitter.net/GodfreeTrh

Godfree Roberts
@GodfreeTrh

The US is fighting two wars, one lost, one un-winnable.
Both consume money, arms, Executive attention and national reputation at prodigious rates.
The US Government, in double zugzwang, is collapsing intellectually, as its harsh words and rash reactions show. None of the White House staff has any experience or training to match their Russian and Chinese counterparts. The 'experts' who advise them are vetted by the Council for Foreign Relations to ensure their loyalty to The Narrative.
Doomed, we are.

Godfree Roberts
@GodfreeTrh
Nov 4
There's a pipeline of technology on its way to booming Xinjiang. Like the first 'dry' nuclear power plant for desert areas; their graphite mini-cores are cooled with recirculating helium. Muslim pilgrims will wonder at its prosperity.
Next up is Hong Kong. The Greater Bay Area plan is agreed. The bridge, the train and mBridge, the new digital currency exchange, will put the Fragrant Harbor back in the spotlight. It's the safest haven for offshore money since Switzerland froze Russian assets and lost its franchise forever.

Xinjiang has received over 214 million tourists this year, with a total tourism revenue of nearly 234 billion yuan! China is now turning US-sanctioned Xinjiang into a free-trade hub of BRI. Sanctions and Western lies make our Xinjiang famous. Thanks for the free advertising!

Posted by: MD | Nov 11 2023 0:11 utc | 74

US government debt has been rated as junk debt by Moody's. The bond market melt down will take the economy in the US and EU to an even deeper recession over next few years.

Posted by: unimperator | Nov 11 2023 0:13 utc | 75

https://nitter.net/GodfreeTrh

Godfree Roberts
@GodfreeTrh
Nov 3
Bloomberg sent reporters to Li's funeral as a mark of respect for the former Prime Minister. Their report:
"People mourning former Premier Li Keqiang hinted at their discontent with Xi Jinping's heavy-handed policies
"We heard people question the official reason for Li’s death, although there’s no evidence that the account put out by President Xi Jinping’s government is false. "Some observers chalk this up to a sense of distrust among Chinese people due to the government’s opaqueness”.
Opaque is what Xi's government is not: you can scrutinize its past plans and failures and its future plans and promises through 2049, along with a clean set of books and $9 trillion in foreign exchange.
All public information. Because it's IMPORTANT that everyone know what the fuck is going on and not be endlessly bullshitted...

Bloomberg also supports Israeli genocide, so I guess we can kiss it goodbye. Along with Intel and a host of lesser US chip makers.

AND OF COURSE LET'S NOT FORGET ALL THOSE SUDDEN DEATHS FROM STRANGE SUICIDES TO UNEXPECTED SMALL AEROPLANES CRASHES THAT SILENCED THESE PEOPLE, WHO WERE KEY WITNESSES IN IMPORTANT TRIALS AGAINST 'KILLARY' FOR EXAMPLE IN HAITI, OR SIMPLY KNEW TOO MUCH OR STAND AGAINST AMERICAN BLOODY & GREEDY POLITICS...MOSTLY IN FOREIGN COUNTRIES !!

Posted by: MD | Nov 11 2023 0:35 utc | 76

I think I've been able to make sense of the terms used as "Anglo-Saxons" so disliked by Russia. While I still feel it's a poor word choice to use, any other options aren't much better or clear either.

To me they are referring to and describing an international establishment group of entrenched Ideologues and Power brokers who would identify typically as those within - the Anglophone and Anglosphere / English speaking nations, predominantly British-American, along with the core 5 Eyes nations, all from former colonies of the UK, including historically powerful Jewish resident/dual citizens along with the prevailing group think of Neoliberals, Globalists, Diplomatic corps, and Neoconservative (willful use of military power) at heart.

I think the following wiki refs more or less explains who would meet the 'definition' of these dreaded Anglo-Saxons - by their fruits though shalt known them - more or less:

The Anglosphere is the Anglo-American sphere of influence, with a core group of nations that today maintain close political, diplomatic and military co-operation. While the nations included in different sources vary, the Anglosphere is usually not considered to include all countries where English is an official language, so it is not synonymous with the sphere of anglophones, though commonly included nations are those that were formerly part of the British Empire and retained the English language and English Common Law.

The five core countries of the Anglosphere are usually taken to be Australia, Canada, New Zealand, the United Kingdom, and the United States. These countries enjoy close cultural and diplomatic links with one another and are aligned under military and security programmes.

This term can also less frequently encompass Ireland, Malta and the Commonwealth Caribbean countries.

Relations have traditionally been warm between Anglosphere countries, with bilateral partnerships such as those between Australia and New Zealand, the United States and Canada and the United States and the United Kingdom (the Special Relationship) constituting the most successful partnerships in the world.
https://en.wikipedia.org/wiki/Anglosphere

PLUS SEE :

Modern Anglo-Saxon Capitalism aka The Anglo-Saxon model (so called because it is practiced in Anglosphere countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland) is a regulated market-based economic model that emerged in the 1970s based on the Chicago school of economics, spearheaded in the 1980s in the United States by the economics of then President Ronald Reagan (dubbed Reaganomics), and reinforced in the United Kingdom by then Prime Minister Margaret Thatcher (dubbed Thatcherism).

However, its origins are said to date to the 18th century in the United Kingdom and the ideas of the classical economist Adam Smith (and modeled upon the earliest "Corporations" such as the East India Company from the 1600s which ended up ruling India.)

The Anglo-Saxon model of capitalism is usually contrasted with the Continental model of capitalism, known as Rhine capitalism, the social market economy or the German model, but it is also contrasted with Northern-European models of capitalism found in the Nordic countries, called the Nordic model.

Another alternative is (the modern Russian state's 'socialist/welfare' model and) the rise of China has brought into focus the relevance of an alternate economic model which has helped propel the economy of China for thirty years since its opening up in 1978. The socialist market economy or a system based on what is called "socialism with Chinese characteristics".

The Anglo-Saxon model came out in the 1970s from the Chicago School of Economics (and first ever introduced into Pinochet's military fascist dictatorship in Chile.)

The Thatcher era revived British social and economic thinking. It did not entail wholesale import of American ideas and practices, so the British shift to the right did not cause the any real convergence toward American socio-economic norms. [..] After a process of transferring policy from the United States, it became apparent that a distinctive Anglo-Saxon economic model was forming. [AKA Neoliberalism arrived on the scene.]
https://en.wikipedia.org/wiki/Anglo-Saxon_model

Frankly I'd call it rabid Neoliberalism underpinned by the over-Financialised global economy controlled by the most powerful nations in the Western sphere (US/UK) mixed with Zionist & Neoconservative geopolitical ideology and militarily power coupled with the Intelligence supremacy of the Five Eyes plus Israel.

If they want to call all that "the Anglo-Saxons" I suppose they can even if it is not really an accurate description of what is but it is as good as any - IF people actually knew whoa nd what they were actually referring to and why. Which was where I was totally lost before.

AND SO - Who were the real Anglo-Saxons?

Anglo-Saxon England or Early Medieval England, existing from the 5th to the 11th centuries from soon after the end of Roman Britain until the Norman Conquest in 1066, consisted of various Anglo-Saxon kingdoms until 927, when it was united as the Kingdom of England by King Æthelstan (r. 927–939). https://en.wikipedia.org/wiki/History_of_Anglo-Saxon_England

Thanks to those here who provided some info and feedback to me about this recently.

Posted by: Lavrov's Dog | Nov 11 2023 0:51 utc | 77

https://newcoldwar.org/biden-is-the-greater-and-less-effective-evil/

Biden is the Greater and Less Effective Evil

“Let me say from the very beginning that we at Black Agenda Report do not think that Barack Obama is the Lesser Evil. He is the more Effective Evil. He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda. He has put both Wall Street and U.S. imperial power on new and more aggressive tracks – just as he hired himself out to do.”
Glen Ford

ALSO

https://newcoldwar.org/the-collapse-of-international-law/

Posted by: MD | Nov 11 2023 0:54 utc | 78

JOURNAL NEO
https://t.me/s/NewEasternOutlook

The non-Western world’s revolt against the excessive cynicism of the West

The vast majority of people on the planet today publicly condemn individuals who still call themselves “defenders of human rights” and other “freedoms” for actually being the primary culprits when it comes to defending the values they so loudly proclaim to adhere to.

Particularly with regards to offenses committed against non-Western populations or those perceived by the West as not belonging to the “right” side.

Posted by: MD | Nov 11 2023 1:02 utc | 79

EG a more correct alternative to 'the Anglo-Saxons' might be the 'British-American Alliance' .... along with their empire of Neoliberal Neocon satellites?

Posted by: Lavrov's Dog | Nov 11 2023 1:26 utc | 80

https://t.me/s/teleSUREng

teleSUR English

Nigeria: Canada Suspends Operations After Embassy Explosion

https://www.telesurenglish.net/news/Nigeria-Canada-Suspends-Operations-After-Embassy-Explosion-20231108-0017.html

Nigeria:

Details on the exact cause of the explosion remain scarce, but the government has stated that an investigation into the deadly blast has been opened.

In Nigeria the muslim population has been growing hugely into double digit numnbers of millions for years now, who won't agree to Canadian bullshit concerning Palestine.

Posted by: MD | Nov 11 2023 1:29 utc | 81

https://alethonews.com/2023/11/08/pax-americana-delusion-crumbles-as-american-empire-is-heading-to-a-hopeless-end/

Pax Americana delusion crumbles as American Empire is heading to a hopeless end

By Nebojsa Malic | Global Times |

As US President Joe Biden argued for spending another $100 billion on Ukraine, Israel and the island of Taiwan in a televised speech last week, he made a curious claim that American leadership is what holds the world together.

This statement is obviously wrong. At best, American leadership is limited to what is known as the West, which basically amounts to NATO, Australia, Japan and South Korea, as well as a small number of countries in Latin America and Africa. The West’s military might was humiliated in Afghanistan two years ago, and on the fields of Ukraine since. Its economic prestige has been shaken as well. As for culture… the less said, the better.

Posted by: MD | Nov 11 2023 1:42 utc | 82

If anyone wants to talk about the dollar then ensure they also explain the role the ESF plays in seeking to defend it.

There is at least another 100tn dollars unaccounted for on the US balance sheet and that was before they made it a matter of national security. Arguably it could now be 150tn

True US debt to GDP ratio is around 1000%.

The currency has already been printed into oblivion. One day we will find out just how much the ESF has been monetising US debt. Debt no one knows even exists.

Posted by: MD | Nov 10 2023 23:33 utc | 69

————————-

Yes. I think this cotton candy analogy still applies:

financial matters says:
October 17, 2013 at 8:03 am
Liquidity Factory and the Reserve Currency

In his book ‘Extreme Money: Masters of the Universe and the Cult of Risk’ (2011) Satyajit Das talks about the ‘Liquidity Factory’.

On an inverse pyramid at the bottom little pinnacle are the central banks, 2%, then there are bank loans, 19%, then securitized debt, 38% and then derivatives 41%.

This is all considered liquidity ie the lubricant that allows the global economy to run. And 79% of it is derivatives and securitized debt which are largely unregulated and full of fraud. And the $16 trillion of US Treasuries used as collateral to back it all up is a small little fraction.

This is financialization run amok and what he calls ‘cotton candy’ which is spun sugar composed mostly of air.

This mountain of debt being supported by this little pyramid needs to be dismantled before the right grain of sand causes it to crumble

If US Treasuries continue to support cotton candy they will lose their validity as a global reserve currency.

Posted by: financial matters | Nov 11 2023 2:27 utc | 83

This means that NSA and FBI use of the FISA Court is largely a sham, since the NSA and the FBI can more easily break the law and spy without warrants than they can follow the law and seek them.

____

Even more absurdly, they can apply for warrants retroactively! — and the approval rate is nearly 100%.

The FISA court was supposed to curb lawless behavior; it in fact ratifies it.

Posted by: malenkov | Nov 11 2023 3:37 utc | 84

MD@71
re Tulsi
1/ She volunteered to join the invasion of Iraq.

2/ She is a Modi fan, which suggests pro Israel racism.

Posted by: bevin | Nov 11 2023 4:17 utc | 85

I've just taken on Fyodor Lukyanov in a substack esaay rebutting his current RT op/ed, "Contesting Fyodor Lukyanov and So Much More".

Posted by: karlof1 | Nov 11 2023 4:38 utc | 86

Western "Leeks" Hastily Retreat & Chinese "Leeks" wake up: The CCP has issued 20 emergency orders

https://www.youtube.com/watch?v=nd04xOFeuRE

The CCP wants to grip its stock exchanges tighter, too much freedom.

Posted by: Antonym | Nov 11 2023 5:04 utc | 87

Question for Bevin et.al.

What are your thoughts on the Yugoslav Worker Self-Management model of socialism in its various guises circa 1950-1980 ?

Posted by: Exile | Nov 11 2023 7:15 utc | 88

"Actually most people don't give a crap about any of that. They go years at a time and don't think at all about it.

You, on the other hand seem obsessed with it."

Posted by: Bemildred | Nov 10 2023 18:17 utc | 61

Most people aren't on moon of Alabama Bemildred. We are different here we don't allow bull shit to fester. I'm not obsessed, as I just simply refuse to allow myths to fester here.

The reason why society is in the state it is in and why we get the politicians we have, is exactly because most people don't care about it. They don't understand money or are spoon fed shit by ideologues who want their vote.

The points I'm trying to make is all here in black and white

https://billmitchell.org/blog/?p=3921

What an informed electorate could achieve instead of rolling and wallowing in shit.

Posted by: Echo Chamber | Nov 11 2023 8:28 utc | 89

The other option Bemildred is for me to say nothing and allow bull shit to fester. Until noon of Alabama is hypnotised by the very same GROUPTHINK as society.

Posted by: Echo Chamber | Nov 11 2023 8:36 utc | 90

"I'm not obsessed, as I just simply refuse to allow myths to fester here.
The points I'm trying to make is all here in black and white"
Posted by: Echo Chamber | Nov 11 2023 8:28 utc | 89 - 90

No, Bemildred is right, you are obsessed. You've been posting the same links over and over
again since you were Derek Henry. You once talked about how hard you had to work to understand
what you think you understand. Well if it was hard for you what do you think it is for others.
By now if people were interested they would have learned what you want them to learn.
You are a long-play rinse and repeat record. It's called obsession.

Posted by: waynorinorway | Nov 11 2023 9:50 utc | 91

Governments can, and by definition do, “To rob Peter to pay Paul"

If by outright taking, taxing , not paying or coin debasing (fiat money only makes it easier) is a bit beyond the point.

On the other hand, apart from the abuse of power/violence be It physical or social (of which economical/market is just a form), money is an IOU where people say they are getting more value than what is being asked to do in return.

The limits are therefore obviously political, as a government you don’t want to be overthrown internally or externally and you don’t want to kill the golden goose and have the societal myth that makes everyone work fail.

Also sometimes to make sure Peter will have conditions to get more to be taken, or other Peters appear.

Now add some self centered cheating amd how much it is controlled. Mix some will and ability to prey on weaker neighbors internally or externally and…

That pretty much sums human society and the myths to keep it going.

Posted by: Newbie | Nov 11 2023 10:41 utc | 92

The CCP wants to grip its stock exchanges tighter ...

Posted by: Antonym | Nov 11 2023 5:04 utc | 87

---

Good!

Also, CCP // CPC.

Posted by: too scents | Nov 11 2023 11:58 utc | 93

@Browser #46

Yes, it was all based on economic considerations, which is clear from text of the Hunger Plan and even from its title: “Economic policy directives for the East Economic Organization, Agriculture Group.” Read my translation of a Russian historian’s article on it here.

The Ukrainian Nationalists, however, truly believed in the narrative of their superiority to Russians (Velikorussians).

Posted by: S | Nov 11 2023 13:37 utc | 94

Simple explanation between US interest on debt and the US war with Russia through Ukraine.

https://twitter.com/KingKong9888/status/1723275716001960113

Posted by: unimperator | Nov 11 2023 13:39 utc | 95

Posted by: Echo Chamber | Nov 10 2023 18:04 utc | 60

Thank you for all this posts I think I ll spent my weekend on these.
Thank you also for your "obsession" or with your words

"I just simply refuse to allow myths to fester here."

Aslo I remember this

">https://billmitchell.org/blog/?p=3921"

And believe me I read this post about a year ago, more or less when you repost it, and I read it once again today. I know it is not easy reading, but what is "easy reading"?

Please everybody remember you are in a forum-bar with barflyies and also with visitors who come and go and come again...

Greetings from Greece

Posted by: Gorgys | Nov 11 2023 13:46 utc | 96

@Lavrov's Dog #77

That’s why I use “Anglospherians” instead of “Anglo-Saxons” (who are not really Anglo-Saxon).

Posted by: S | Nov 11 2023 13:47 utc | 97

Quoted by MD @78: "[Obama] is the more Effective Evil. He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda."

Note this is not due to any unusual skills or abilities. Obama was born into the role of first Black PotUS and cultivated through his life for the position. After all, his mother was a CIA "comfort woman" provided to potential and active "assets" as a kind of spook service potlatch gift. Varied sex-related "inducements" to serve the Empire didn't start with Epstein, you know.

Obama's father was one of the recipients of this CIA "largesse". Obama's mama also served as a finance mule to launder money into illegal CIA operations (mostly this was in Indonesia during the Suharto regime's genocide program, using money laundered through the Ford Foundation to support death squads lead by sheep-dipped Indonesian military officers). She was kinda nasty and not very reliable so "The Company" offed her in a characteristically theatric way by inserting a radioactive Americium pellet into her uterus. She was a slut for the CIA so there was no difficulty where opportunity for that was concerned - she did the ol` "disappearing bottle" stage shows for the Indonesian death squad troops, ya` know.

Anywho, Obama was so "effective" because he played the role the CIA/Deep State wanted him to play and trained him for, which made for smooth imperial governance operations. The only hitch in his service to the Empire of Delusions was winning the Democrat primaries in 2008, which were supposed to go to Hillary. Obama's run in 2008 was supposed to only introduce him to national audiences and prepare him to takeover for Clinton in 2016. This is similar to Pete Butt-gig's run in 2020, which was supposed to only introduce him to consumers of the national political farce so it wouldn't be too strange for him to appear from nowhere in 2024 and take over for Obama.

The CIA plan was to co-op what there is of a "left" in the US with a sequence of three candidates immunized and armored against any and all criticism by "Identity Politics", with Hillary winning in 2008 (I assume we are all aware of her ties to the CIA going back decades), followed by Obama in 2016, and then Butt-gig in 2024, assuring complete CIA control of the US for the first third of the century. Obama's win in 2008 was a surprise for the schemers in the Deep State, but they figured they could work around that, and indeed Obama served the Empire with distinction. They just had to get Clinton into office after Obama and their clever plans would be back on track.

Damn that Trump and his "deplorable" MAGA people!

Things went completely pear-shaped for the CIA schemers in 2016, and they have been desperately trying to piece their shattered plans back together ever since. If they were not stupid they would have been able to see the writing on the wall back in 2008 when the electorate didn't behave as expected and adjusted accordingly. Instead they assumed the "deplorables" were more misogynist than racist and amped up the "strong women" component of their "diversity" hard sell in mass media in an effort to compensate. Sadly, the morons in the CIA/Deep State misread the male "deplorables", who don't hate women at all. On the contrary, they adore women. Rather, it saddens the "deplorables" to see western women being pressured by artificially twisted Establishment culture to adopt male tropes and characteristics and try to wear masculine behavior like some ill-fitting "power suit". While few of the "deplorables" would likely be able to articulate precisely why, the fake "diversity" campaigns in the capitalist mass media meshing with Establishment political campaigns rubbed them the wrong way and felt decidedly slimy and manipulative to them. Trump, despite being a reality TV performer and carnival barker, was literally the least "fake" candidate offered, and the "deplorables" could see it clearly.

Anyway, Obama was "effective" because he read the script provided to him with enthusiasm and well-practiced feigned conviction and stayed out of the way of the Empire's managers. I cannot recall a single act of bold leadership Obama ever actually undertook, except perhaps lambasting the "left" for trying to pressure Blanche Lincoln and Max Baucus into supporting Single Payer health care by threatening to primary them in the next election (spoiler alert for those who missed that episode: they both were removed from the Senate, with Lincoln being thrown out on her ass and Obama saving Baucus from similar humiliation by giving him an ambassadorship).

But yeah, Obama's "effectiveness" certainly counted as evil.

Posted by: William Gruff | Nov 11 2023 14:51 utc | 98

Posted by: William Gruff | Nov 11 2023 14:51

Sounds like a bunch of fantasy fiction. Bush the younger is still more evil than Obama-rama. O. was just a slicker Bush, more effective at selling constant warfare and authoritariansm .2 to a differtent audience.

the "CIA comfort woman" stuff is just an erotic fantasy, I suspect.

Posted by: lester | Nov 11 2023 16:21 utc | 99

The drip-feed, on life support patient, known as “the Ukraine” continues its carnage & death of civilians and general terrorist activity in related geographical locations.

Another Syria, Libya, Iraq, Yemen, Congo et el while folks die and weapons never cease their production & sales capacities. Another “joke” of a “war” (sure …“SMO”) that’s not supposed to have an endgame, just a series of replenishing weapons and bodies for the bank’s & billionaires.

Quite the “evolved” humans we’ve become. Love how all the nations in the entire globe have their rifles cocked.

Posted by: Trubind1 | Nov 11 2023 17:15 utc | 100