News & views not related to the wars in Ukraine and Palestine …
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March 5, 2025
Open (Neither Ukraine Nor Palestine) Thread 2025-044
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The carry trade says hi.
Japanese bond yields hit 16-year high
Borrowing costs rise amid global sell-off sparked by Germany
Japan’s 10-year borrowing costs rose to a 16-year high on Thursday as Tokyo joined a global bond sell-off sparked by Germany’s decision to spend more on defence.
The yield on the 10-year Japanese government bond rose 0.06 percentage points to 1.5 per cent, its highest level since 2009. The JGB has risen almost 0.4 percentage points since the start of 2025.
continues ==> https://www.ft.com/content/06fa0c14-2deb-4aee-9189-1323beb1846e
Posted by: too scents | Mar 6 2025 5:56 utc | 101
psychohistorian | Mar 6 2025 5:25 utc | 98–
Michael talked about the Fiscal State in “Reshaping Christianity and the Modern State: A Journey from Usury to Fiscal Power” in this recent article. I know I shared it when it came out as I always do, but it certainly was never discussed at it merits. We have the quarterly talk tomorrow at 2:30 Pacific. And he chats with Nima and Wolff at 8 Pacific.
OMFG !
毎日新聞
https://mainichi.jp › english › articles
1 day ago — Taiwan should spend 10% of GDP on military: key US defense offense figure … President Donald Trump’s choice for a top Pentagon policy post said Tuesday.
Posted by: denk | Mar 6 2025 8:07 utc | 104
‘Fighting For Canada!’
‘Canada’ Goose vs ‘American’ Eagle
https://www.cbc.ca/news/canada/hamilton/canada-goose-bald-eagle-burlington-bay-brawl-1.7473477
“A bald eagle may have thought it spotted an easy lunch in a Canada goose…”
Canadian Premier Doug Ford Considers Cutting Off Electricity Exports to US Over Tariffs
https://www.youtube.com/watch?v=Na6pb4QfLqQ
Since appeals to build ‘Fortress AmCan’ against China didn’t work….Hey Doug. Pull the plug!
‘Thank You Canada!’ (& vid)
https://toronto.citynews.ca/2025/03/04/ukraine-military-aid-us-toronto-demonstration-yonge-dundas-olivia-chow/
‘Hundreds rally for Ukraine after US Halts Military Aid’
“Speaking at a rally organized by the Ukrainian Canadian Congress, Toronto Mayor Olivia Chow came to Zelensky’s defense. ‘He did not deserve the disrespect from the White House. It was just outrageous, Chow said on Monday night. ‘Here’s a courageous man out there fighting for democracy, truth and justice’. [Chow’s pro-Zionist too.]
chow@toronto.ca
”
Posted by: John Gilberts | Mar 6 2025 9:02 utc | 105
Posted by: LightYearsFromHome | Mar 5 2025 22:30 utc | 61
“The PTB have been systematically turning the inverted totalitarianism of the cold war right side up, for all to see and glorify.”
Great observation!
Posted by: Cherrycoke | Mar 6 2025 9:19 utc | 106
Why EU ‘war economy’ plans will result in much more severe inflation, quality of life drops than is anticipated. Massive demand increase, simultaneously with severe supply restrictions result in much higher price levels than anticipated. Since the continent has already been de-industrializing for years.
Yes, it will produce GDP growth but inflation will eat the growth and beyond by a large margin.
🏮⚠️🏮INFLATION ALERT! European leaders are in a panic and are about to completely destroy the EU economy with massive inflation. Here is a brief technical explainer on what is happening in Europe.
Yesterday after the shock announcement of up to €900bn in new defence spending being unveiled by the EU bond markets sold off massively, anticipating much higher inflation in the EU. The reality is that the European economy is deindustrialising because the EU cut off cheap gas from Russia. This means that the inflation is going to much worse than many anticipate. Here we lay out a standard macro AS-AD model to explain this. If you are not familiar with the model maybe check out the Wiki: (https://en.wikipedia.org/wiki/AD%E2%80%93AS_model).
The EU economy before the war starts at e_1 – ‘e’ for equilibrium. Here aggregate supply is at AS_1 and aggregate demand is at AD_1. Everything is normal. But then the war starts and the EU cut off Russian gas supplies. Energy prices rise and the continent starts to deindustrialise.
We see the result at e_2. Note that aggregate supply contracts quite a lot – it moves to AS_2. This represents the inability of the EU economy to produce as much due to high energy prices – think about the closure of the car factories in Germany. But aggregate demand falls too – at AD_2 we get less pressure on supply. This is because the deindustrialisation also causes a contraction in spending in inflation-adjusted terms. There are less goods due to deindustrialisation, but there is also less spending. This is the stagnation that Europe has experienced since the start of the war.
Look at what happens to prices and income in this scenario. Prices start at p_1. After the supply shock of the war their move to p_2. Prices increase but it is somewhat limited – although we know how painful even these price increases have been. This is reflected in real GDP (RGDP). Here we see a sharp drop from r_1 to r_2. This is the large decrease in living standards we have seen in Europe since the start of the war.
Now, let’s model the massive military spending the EU leaders are proposing. This increases aggregate demand enormously: we move from AS_2 to AS_3. This sends income – that is real GDP – back to pre-war levels. The extra spending will produce growth but it will massively strain the economy which still has limited supply due to deindustrialisation.
The real issue is prices. Look at where they have moved: from p_2 to p_3. This is a very large rise in inflation. Huge spending is pumped into an economy that is supply-constrained. The result is that we get a relatively modest amount of economic growth but a very, very large rise in prices.
In summary, if EU leaders go ahead with their spending program we will see very high inflation and mediocre growth. In theory, this inflation will be substantially higher than what we saw after the war. After such an inflation the European economy would likely be utterly ruined.
https://x.com/philippilk/status/1897576547910901841
Posted by: unimperator | Mar 6 2025 9:22 utc | 107
EU bond markets are imploding (i.e. bonds are being sold off heavily).
To put all into perspective:
-EU funds defense industry by shrinking social/health budgets
-huge amount of people lose wealth transfers
-huge amount of health/social workers lose jobs
-small amount of new employees for defense industry
-net total is much more employment/purchasing power/wealth transfer lost from EU economy vs. gained
-increased demand for metals and minerals (which also benefits Russia, btw.)
-massive hike of taxed in EU states
-massively more issuance of bonds
-EU will turn out unable to build a significant military industry, most of the new money will go outside EU, including raw materials, and finished products
-collapse of the debt based economy, while yields are rising
EU leaders are now making policies drastically accelerating the collapse of the union. We can all welcome that.
Posted by: unimperator | Mar 6 2025 9:54 utc | 108
EU and UK credit crisis of 2025.
https://5gfinance.substack.com/p/credit-crisis-in-early-2025-who-will
Posted by: unimperator | Mar 6 2025 10:47 utc | 109
Food War
https://www.youtube.com/watch?v=I8v6WK5BPow
[9.59]
Posted by: denk | Mar 6 2025 11:14 utc | 110
Trump is Attempting a Reverse Kissinger — Vijay Prashad ==> https://youtu.be/9poOpEsHUh8
Posted by: too scents | Mar 6 2025 11:48 utc | 111
unimperator@954 March 6
Incisive points in your posting…all with high probability factor of coming about. One tiny quibble from a retired journalist and even early career as advertising copywriter. It’s all about semantics. THEY call it the “defense industry”. Not true, if you give it some thought. It’s important to escape from their mind-control games.
Now, WAR-Defense industry is a more telling term for those of us who oppose the oligarchs whose biggest profit margins happen to be the design, production and sales of war and aggression related inventory. These devils in human form profit heavily in blood-money…that to the level that they OWN a vast majority of pro$titicians of both parties and in both houses. Part of that ownership is due to campaign bribes, along with insider stock speculation. Ask yourself how Nancy Pelosi and Mitch McConnell got so filthy rich…yeah on “blood money” resulting from that nice little circle-jerk amongst the perps and the “law-makers”.
Then there’s the little matter of jobs, jobs, jobs. That nefarious industry carefully calculates that by spreading the jobs around in the majority of congressional districts; those pro$titician$ are pressured by both directions.
Thus, the logical semantic battles virtually insist that we use the term “WARDEFENSE industry”. That’s the proper name of the game.
Posted by: aristodemos | Mar 6 2025 12:02 utc | 112
A notable and timely website ==> https://layoffs.fyi/
Posted by: too scents | Mar 6 2025 12:41 utc | 113
The South Korean Airforce is getting jittery – not a good sign – imagine the retaliation, if the bombs had dropped in NK by accident.
“A South Korean fighter jet has accidentally dropped eight bombs on a village during joint live-fire drills with the US military, injuring civilians and causing damage to property, the Asian country’s air force has said.
The incident, which happened on Thursday morning, left at least 15 people wounded, South Korea’s National Fire Agency said. Ten of the victims required hospitalization, including two in serious condition, the agency said, adding that there were two soldiers and two foreigners among the injured.
A church and at least seven other buildings in the settlement were damaged in the bombardment, according to the fire authorities.
The South Korean Air Force confirmed the blunder, saying in a statement that “eight MK-82 general-purpose bombs were abnormally released from an Air Force KF-16 aircraft, landing outside the designated firing range.”
The MK-82 is a US-made munition, while the KF-16 is a Korean version of the American F-16 fighter jet, which were produced in the country from the mid-1990s until the mid-2000s.”
Posted by: Republicofscotland | Mar 6 2025 12:47 utc | 114
Again Le Petit wants the EU/world to think he’s an important man – as for English/US nukes, they can’t fire them – not without the US first giving them permission, and issuing them with the firing codes.
“France will discuss the possibility of using its nuclear arsenal to protect its allies in Europe, President Emmanuel Macron has said. He made the statement as NATO members grow increasingly worried that the US under President Donald Trump will not come to their defense.
Last month, Germany’s chancellor-to-be, Friedrich Merz, suggested that Britain and France could extend their nuclear protection to Germany, given the tensions between Russia and NATO over Ukraine. These offers had “always remained unanswered,” he said.”
Posted by: Republicofscotland | Mar 6 2025 12:53 utc | 115
German 10 year bunds are cratering-up to 2.83% from 2.5% in one day!
Bund 10-YR
DE10Y-DE:Germany
EXPORTdownload chart
WATCHLIST
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RT Quote | Exchange
Yield | 1:59 PM CET
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quote price arrow up+0.053
Posted by: too scents | Mar 6 2025 5:56 utc | 101
You are right on; US investors who borrow in yen then subsequently bought US equities with enough dividend to cover the borrowing costs will will have cover as the yen as the costs increase so they will have to sell equities.
“A South Korean fighter jet has accidentally dropped eight bombs on a village during joint live-fire drills with the US military, injuring civilians and causing damage to property, the Asian country’s air force has said.
The incident, which happened on Thursday morning, left at least 15 people wounded, South Korea’s National Fire Agency said. Ten of the victims required hospitalization, including two in serious condition, the agency said, adding that there were two soldiers and two foreigners among the injured.
A church and at least seven other buildings in the settlement were damaged in the bombardment, according to the fire authorities.
The South Korean Air Force confirmed the blunder, saying in a statement that “eight MK-82 general-purpose bombs were abnormally released from an Air Force KF-16 aircraft, landing outside the designated firing range.”
The MK-82 is a US-made munition, while the KF-16 is a Korean version of the American F-16 fighter jet, which were produced in the country from the mid-1990s until the mid-2000s.”
Posted by: Republicofscotland | Mar 6 2025 12:47 utc | 114
##################
Sounds to me like a successful American training exercise when the South Koreans learn how to bomb civilian infrastructure!
Posted by: LoveDonbass | Mar 6 2025 13:24 utc | 119
Don Firineach @ 43
I subscribe but had missed that one. Black Rock is the modern East India Company, sad and scary, humanity stuck in a infinite rut in space time. Which was Frank Herbert’s point, 10,000 years out and still stuck in the feudal era. ”
Posted by: LightYearsFromHome | Mar 5 2025 22:05 utc | 55
You are misrepresenting Herbert’s ideas; Herbert believed in the cycle of human history politically, like Plato-being Feudal in 10,000 years just completed the cycle cycling back to ‘feudalism’ which will begin anew the cycle and forever as long as humans exist-Aristocracy, Timocracy, Oligarchy, Democracy and Tyranny. (1)
1. https://www.history.com/news/what-are-platos-5-forms-of-government
@too scents | Mar 6 2025 12:41 utc and unimperator (multiple posts): Good reporting. Thanks!
======
Where is the U.S.’ Industrial Policy, please?
When is the U.S. going to create, publish and then implement a coherent industrial policy?
I’m delighted that there’s been some steps to reduce the waste (foreign occupation, foreign wars, foreign political meddling, and domestic inefficiencies) and to erect defensive barriers (tariffs) to protect domestic industry.
Great first move, hope it continues.
It’s now (well past) time to articulate and implement an industrial strategy. What product-classes, industries, scientific research topics are we going to bet our economy upon?
A market-driven investment plan is what got us to the fragmented downward spiral we’re in now. The countries doing best at (re)industrializing are Russia and China. They have their best and brightest setting industrial policy, and they’ve built the political systems to implement that policy.
Where are the U.S.’ best and brightest allocated??
Where is the plan? Who is working on it, and when is it going to be available for public review?
If the U.S. actually has the capacity to be “Great Again”, this is the point where the fluff-talk stops, and the hard and effective work begins.
Posted by: Tom Pfotzer | Mar 6 2025 13:39 utc | 121
As Estonia’s resident EU top diplomat (Kaja Kallous :-)) is threatening Russia at the moment, I thought I’d compare the Estonian military with equivalent organisations. As Estonia’s military is ranked 107/145 in the world, has no tanks, drones or combat aircraft, and gave most of its other weapons to Ukraine, I had to try US Police Depts. Estonia has about 6000 conscript and fulltime soldiers.
As you can see it would fare badly against the largest US police depts (NYPD has a much larger airforce!).
New York City Police Department (NYPD) New York 33,475 October 2024
Chicago Police Department (CPD) Illinois 11,580 September 2024
Los Angeles Police Department (LAPD)California 8,784 December 2024
Philadelphia Police Department (PPD)Pennsylvania 5,544
Thought you’d like to know, as these politicians are completely insane.
🙂
Posted by: JulianJ | Mar 6 2025 13:40 utc | 122
Where is the plan? Who is working on it, and when is it going to be available for public review?
Posted by: Tom Pfotzer | Mar 6 2025 13:39 utc | 121
—
Draft executive order set for Thursday calls for closing Education Dept.
Education Secretary Linda McMahon has said that congressional approval is needed to close the agency. Deep cuts to the workforce are expected in the short term.
President Donald Trump is set to issue an executive order as soon as Thursday directing his newly confirmed education secretary to work to close the department she now leads, two people familiar with the situation said.
A draft of the executive order that circulated on Wednesday recognizes that the president does not have the power to shutter the Education Department. It would take an act of Congress and 60 “yes” votes in the Senate, which is unlikely given that Republicans hold only 53 seats.
Rather, the draft calls on Education Secretary Linda McMahon to “take all necessary steps” to facilitate the closure of the department “to the maximum extent appropriate and permitted by law.”
and so on ==> https://www.washingtonpost.com/education/2025/03/05/trump-close-education-department-executive-order/
Pretty neat, huh?
Posted by: too scents | Mar 6 2025 13:45 utc | 123
“Spells out why a tariff war is really the only war the USA can win.”
Posted by: DrSmith | Mar 5 2025 23:58 utc | 76
“Trump is basically trying to do to the US what the sanctions did to Russia:
When applied to a large, resource-rich, technically proficient economy, after a period of shock and adjustments, sanctions are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.
These are policies that the Russian government could not plausibly have implemented, even in 2022, on its own initiative.”
Posted by: Zet | Mar 6 2025 1:33 utc | 89
Zet, you are right on the money with your astute assessment!
Posted by: Tom Pfotzer | Mar 6 2025 13:39 utc | 121
#############
The only industrialist in Trump’s admin is Musk.
13 billionaires I believe, many of them in FIRE (finance, insurance, and real estate).
Construction is not manufacturing.
Real estate is not production, today it is rent-seeking.
Building a hotel is not building a robotic assembly line that runs in the dark (to save energy).
As the saying goes, “personnel is policy”.
Posted by: LoveDonbass | Mar 6 2025 13:54 utc | 125
Hello Bernhard and participants on the Moon of Alabama public forum.
This thread started with a posting related to the topic of whether the unseen –the Spiritual– is real or not; and I am posting my comment related to this topic.
People are not just the sum-total of the cells which constitute their carnal bodies. The Spiritual is real!
People do have a soul which decides what is Good and what is Evil, and the decisions of the soul are based on whatever spirit it is that the soul is attached to. People who have the Holy Ghost –which comes from God– will decide what is Good and what is Evil according to the understanding of God. And people who reject God start walking on the path of selfishness and become subject to other spiritual influences; they will perceive Good and Evil differently.
I advise those who still have some godliness left in them, to avoid wasting your time with unfruitful debating:
But avoid foolish questions, and genealogies, and contentions, and strivings about the law; for they are unprofitable and vain.
Apostle Paul, book of Titus, chapter 3, verse 9 – KJV
Whoever is interested in learning about the Spiritual, and how to discern between Good and Evil, should dedicate his time to the studying of Scripture. In the English language you use the King James Version, despite the fact that it has intentional and unintentional errors. And you don’t start with the book of Genesis of the Old Testament, but with the book of Matthew of the New Testament. After studying the books of the New Testament two or three times, and if this rotten world should still exist by then, then you can turn to the books of the Old Testament and study those also.
If you want a brief summary –a crash course if you will– with historic and religious context about what has taken place in this world, you can turn to the explanations which I began publishing since April 2024 on my domain prophet.am, and also the armenian version of it at մարգարէ.հայ which does have English translation for ten sections.
The explanations I have provided are from a Christian perspective, and the true story can not be explained in any other way.
—
When it comes to those people who for themselves have rejected God, and who seek to create the impression that most people think like they do –so they can comfort themselves with their imagination of being right– this passage in Scripture is appropriate mentioning:
He that is unjust, let him be unjust still: and he which is filthy, let him be filthy still: and he that is righteous, let him be righteous still: and he that is holy, let him be holy still.
book of Revelation, chapter 22, verse 11 – KJV
—
So do not let them who have rejected God deceive you.
Sincerely,
George (Gevorg)
prophet.am
Microsoft has produced a working piece of a quantum computer, and it’s as fake as elon musk and trump.
Posted by: Jack M | Mar 6 2025 14:05 utc | 127
wsweek
What is Manus? China’s World-First Fully Autonomous AI Agent Explained
A new Chinese artificial intelligence agent, Manus, has rapidly captured the attention of the AI community with its ability to handle complex, real-world…
.3 hours ago
Reuters
Posted by: denk | Mar 6 2025 15:21 utc | 128
a working piece of a quantum computer…
@ Jack M | Mar 6 2025 14:05 utc | 127
Will Microsoft’s engineers successfully harness uncertainty?
We’re not sure.
Posted by: Aleph_Null | Mar 6 2025 15:22 utc | 129
A lot less trolling here since USAID frozen … How come ?
Posted by: Greg Galloway | Mar 6 2025 15:27 utc | 130
C.f., kana @ 17:34; Roberto @ 19:42; ~ No one here but you —and possibly Love Donbass — would read M.L. von Franz.
Posted by: Ben Trovata | Mar 6 2025 15:34 utc | 131
@ Tom Pfotzer | Mar 6 2025 13:39 utc | 121
The US can’t provide an industrial policy because the US is a capitalist country, with corporations promoting profits not employment.
Now Trump is pushing from sucking to surging. The “giant sucking sound” was a phrase used by United States presidential candidate Ross Perot, to describe in 1992 what he believed would be the negative effects of the North American Free Trade Agreement, which he opposed. He was totally opposed by the likes of Clinton and Bush. . . . Perot was correct in a country where the profit-driven corporations control economic means. Will 2025 tariffs result in a surging of employment in new factories? . . .Not likely. China can do it, but the US not.
Posted by: Don Bacon | Mar 6 2025 15:41 utc | 132
Reuters
Trump and TSMC announce $100 billion plan to build five new US factories
2 days ago
Chosun Biz
TSMC raises concerns over U.S. investment, citing talent shortage and supply chain limits – CHOSUNBIZ
2 hours ago
——————
TSMC’s $100bn US investment follows Trump’s tariff threat…
Capacity Media
https://www.capacitymedia.com › article › tsmcs-100bn…
2 days ago — In the wake of the news, TSMC reportedly scrambled over fears that tariffs, potentially as high as 100%, would severely impact its business.
Posted by: denk | Mar 6 2025 15:47 utc | 133
In case anyone believes Europe is morally or culturally superior: link
Posted by: Passerby | Mar 6 2025 15:50 utc | 134
Posted by: Passerby | Mar 6 2025 15:50 utc | 134
—————-
Moral ?
Dont make me laugh !
euro and USA, Thieves squabbling over loots.
Posted by: denk | Mar 6 2025 15:59 utc | 135
A lot less trolling here since USAID frozen … How come ?
@ Greg Galloway | Mar 6 2025 15:27 utc | 130
One heckload of a lot less, by my estimation! The concurrent suspension of USAID infowarfunds is purely coincidental, I’m almost entirely unconvinced.
Perhaps to celebrate our newfound freedom from compensated commentary — while it lasts — I’ve come to share a biophilosophical confection some barlies might enjoy. Hot gossip around Heidegger & Arendt:
I had long been an avid reader of Hannah Arendt’s work, and had passed through a period of near-obsession with phenomenologist Martin Heidegger in graduate school. Now I found myself returning to them both, following in the footsteps of their macabre and tantalizing waltz through the 20th century as philosopher and political thinker, metaphysician and refugee, Nazi and Jew.
Posted by: Aleph_Null | Mar 6 2025 16:10 utc | 136
@ Don Bacon | Mar 6 2025 15:41 utc.
Don: Thx for thoughtful reply. Some repartee interspersed below.
Don: The US can’t provide an industrial policy because the US is a capitalist country, with corporations promoting profits not employment.
Tom: The companies in China and Russia are also “capitalist” – they are for-profit. They have some other agenda, like advancing the interests of the nation, as well, and I think that might the part that’s missing right now. Some of our corporate “leaders” are after short-term personal or stockholder advantage, and not much else. The tariffs might be able to create more profit incentive to invest here in the U.S. I don’t think we’re going to get a big culture change @ corporate leadership level any time soon. It’ll take a few decades.
Don: Now Trump is pushing from sucking to surging. The “giant sucking sound” was a phrase used by United States presidential candidate Ross Perot, to describe in 1992 what he believed would be the negative effects of the North American Free Trade Agreement, which he opposed. He was totally opposed by the likes of Clinton and Bush. . . . Perot was correct in a country where the profit-driven corporations control economic means.
Tom: I remember Ross Perot well. And he was right. Interestingly, Ross was a devoted, patriotic U.S. American, and he was a Texan (in the most constructive sense of the word).
Don: Will 2025 tariffs result in a surging of employment in new factories? . . .Not likely. China can do it, but the US not.
Tom: The tariffs, if they’re actually truly implemented and stuck-with for several years, assuredly will induce more industrial investment. Will it be “strategic” investment? That’s what Russia and China do way better than we do at the moment.
That, of course, is why I’m calling for an Industrial Policy, to highlight the one thing we need most: a good plan, and the 2nd thing we need most is for rank-and-file Americans to figure out where their bread’s buttered, and demand that the “leaders” actually lead.
Get in their face and make demands. It is your right to belong to a well-led country. Ridicule these leader-imposters unless they do what _actually needs doing_.
Posted by: Tom Pfotzer | Mar 6 2025 16:11 utc | 137
from the web. . .U.S. Chamber of Commerce
America is facing a worker shortage crisis: There are too many open jobs without people to fill them. The interactive map below shows which states are suffering the most from a labor shortage by comparing their Worker Shortage Index ratios. . . .Nearly every state is facing an unprecedented challenge finding workers to fill open jobs. Learn which states have been impacted the most by the nation’s worker shortage crisis. . . .here
Posted by: Don Bacon | Mar 6 2025 16:37 utc | 138
and . . .many of these
Employment In USA For Foreigners – 14 urgent openings. Apply now. . . .
Posted by: Don Bacon | Mar 6 2025 16:39 utc | 139
Learn which states have been impacted the most by the nation’s worker shortage crisis. . . .here
@Posted by: Don Bacon | Mar 6 2025 16:37 utc | 138
I went “here” and it is like walking into a library of choices. Which book did you have in mind? Thx
That is, how about a direct link to the article you had in mind.
Posted by: librul | Mar 6 2025 16:44 utc | 140
sigh…
Why was I thinking tariffs, which states are hurt most by tariffs.
You said, worker shortage not tariffs.
https://www.uschamber.com/workforce/the-states-suffering-most-from-the-labor-shortage
Posted by: librul | Mar 6 2025 16:46 utc | 141
America is facing a worker shortage crisis
Posted by: Don Bacon | Mar 6 2025 16:37 utc | 138
—
The crisis you describe is more accurately called the shitty wage crisis.
Raise wages and workers will magically appear.
Posted by: too scents | Mar 6 2025 16:47 utc | 142
@Posted by: Pacific Observer | Mar 6 2025 5:47 utc | 100
“preventing malaria”
Can you provide an explanation of what this means exactly?
Posted by: KOB | Mar 6 2025 16:57 utc | 143
America is facing a worker shortage crisis
Posted by: Don Bacon | Mar 6 2025 16:37 utc | 138
“worker shortage” is a dog whistle for class warfare. There is never any actual worker shortage. Companies do not want to pay proper wages for appropriate work, so they cry wolf.
Posted by: KOB | Mar 6 2025 17:01 utc | 144
I thought there might be a correlation between which states are gaining/losing in population
with labor shortage. Don’t see it. Have a look.
Labor shortage by state (map).
https://www.uschamber.com/workforce/the-states-suffering-most-from-the-labor-shortage
States people are flocking to or leaving (map).
https://www.newsweek.com/map-usa-states-people-flocking-ones-leaving-2022831
Cost of living by state (map).
https://finance.yahoo.com/personal-finance/banking/article/cost-of-living-by-state-164246058.html
Minimum wage by state (list).
https://www.minimum-wage.org/wage-by-state
Posted by: librul | Mar 6 2025 17:05 utc | 145
@ librul | Mar 6 2025 16:44 utc | 140
labor shortage here
Posted by: Don Bacon | Mar 6 2025 17:07 utc | 146
@Posted by: Don Bacon | Mar 6 2025 17:07 utc | 146
There is a Ferrari shortage in my driveway.
Posted by: KOB | Mar 6 2025 17:12 utc | 147
Trump on Socialism
In his State of the Union address on Tuesday, President Trump made an unequivocal pronouncement against the multiplying cries for socialism in America.
“Here, in the United States, we are alarmed by new calls to adopt socialism in our country,” the president said. “America was founded on liberty and independence — not government coercion, domination and control. We are born free, and we will stay free. Tonight, we renew our resolve that America will NEVER be a socialist country.” [Emphasis added.]
Unsurprisingly, many on the Democratic side of the chamber did not stand in unison to agree, nor did they even clap. No, no, they have the wheels of the socialism freight train started now, and they will give not an inch to stop it in its tracks. . .here
Xi on Socialism
During [Xi’s] speech at the deliberation session of the Inner Mongolia delegation to the Third Session of the 13th NPC in 2020, he stressed that the sole aim of the CPC in governance is to meet the needs of the people and give its all in serving them and striving for their wellbeing.
“It is a must to put the people first on the new journey of building China into a great modern socialist country and advancing national rejuvenation.” Addressing the closing meeting of the first session of the 14th NPC in 2023, Xi said the people are the decisive force in building China into a great modern socialist country in all respects. . .here
Posted by: Don Bacon | Mar 6 2025 17:32 utc | 148
Trump to create office of shipbuilding, [sic] offer tax incentives
By Kanishka Singh
March 5, 202512:39 PM GMT+8Updated 2 days ago
The order includes 18 measures, including raising revenue from fees on Chinese-built ships and cranes entering the U.S., the newspaper reported.
China is the world’s largest producer of container ships.
Former U.S. President Joe Biden’s administration had concluded China used unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors.
China dismissed U.S. assertions and said the American government was blaming China for its own problems.
What do you expect from the Tonya Harding culture ?
Posted by: denk | Mar 6 2025 17:39 utc | 149
US Navy is hurting. . .
WASHINGTON — The White House’s Office of Management and Budget has yet to be convinced of the viability of a Navy plan that would boost shipyard wages and accelerate submarine production, the Senate Armed Services Committee chairman said. . .here
remarks on Navy problems, from the web
>there is a lack of new, younger skilled workers . . . Today, we are short nearly 140,000 workers to support the building of submarines alone.
>The Navy projects that 10 new ships will be delivered to the fleet in FY2025.
>China has 230 times the shipbuilding capacity of the United States.
>About 70 percent of Chinese warships were launched after 2010, while only about 25 percent of the U.S. Navy’s were.
>Delayed and skipped amphibious warship maintenance has prevented Marine Corps units from training and deploying on schedule, reads a new Government Accountability Office report.
>Fewer than 2 Dozen Shipyard Workers Involved in Suspect Welds, Delay in 17-Sub Contract Creates ‘Unpredictability’
>The Navy’s maintenance troubles are getting worse – The biggest problems have been increased maintenance delays, coupled with a rise of parts shortages, forcing crews to cannibalize parts for repairs.
Posted by: Don Bacon | Mar 6 2025 17:52 utc | 150
The order includes 18 measures, including raising revenue from fees on Chinese-built ships and cranes entering the U.S
Besides, those cranes pose serious threat to national security donchaknow !
https://tinyurl.com/mwsmb3pr
[3.0]
Posted by: denk | Mar 6 2025 18:00 utc | 151
……German 10 year bunds are cratering-up to 2.83% from 2.5% in one day!….
thanks Canuck; thats a staggering lack of confidence by the Bon Market. Shocking actually.
Meanwhile – 10 year treasury back up to 4.3% (was down to close to 4.1% a few days ago)
Posted by: exile | Mar 6 2025 18:00 utc | 152
@ Don Bacon | Mar 6 2025 17:32 utc | 148 with the Trump/Xi socialism con/pro…thanks
Trump is lying about America being founded and built without socialism, examples like the BPA and TVA are glaring ones and then there is the fucked over USPS which is socialism from the founding fathers.
Trump is the perfect face of the God Of Mammon empire driving itself into oblivion.
Posted by: psychohistorian | Mar 6 2025 18:07 utc | 153
Was it Obama who launched the Made In USAss campaign ?
How did it work out ?
https://www.youtube.com/watch?v=kExxiGpjgVI
Would Trump succeeds with his brute force tactics..
If you cant beat them, kneecap the the sob !
Thats all folks !
Posted by: denk | Mar 6 2025 18:20 utc | 154
from MSN
The National Endowment for Democracy (NED) has sued the Trump administration for cutting off funds for its democracy building overseas — the latest suit from a target of Elon Musk.
The lawsuit states the Treasury Department has locked out the endowment from $167 million in congressionally appropriated funds for more than a month, claiming it unconstitutionally usurps Congress’s power of the purse. . .here
Posted by: Don Bacon | Mar 6 2025 18:30 utc | 155
@karlof1 #54 & LightYearsFromHome #55
Points on Blackrock noted. Well, one only has to look at the US Cabinet & special envoys to see who is running the show. Simplifies the direct capital-labour relation.
@: psychohistorian | Mar 6 2025 5:25 utc | 99
Thanks for that!
@unimperator | Mar 6 2025 9:54 utc | 108
More than plausible.
Posted by: Don Firineach | Mar 6 2025 19:40 utc | 156
Ryan tried to claim the government has run out of keystrokes using his gold standard, fixed exchange rate type lens.
Posted by: Sun Of Alabama | Mar 5 2025 18:49 utc | 12
MMT junk writing never seems to run out of keystrokes either … but they are finding it more and more difficult to get any readers willing to take their rubbish seriously. Therein lies the rub, huh.
Of course it is never about the Keystrokes and ALWAYS about skills and real resources.
Sounds like fixed exchange rate thinking to me … one carrot equals one carrot. But wait … isn’t that exactly why people buy Gold? Precisely because you can’t turn keystrokes into Gold, and governments can’t rip you off by printing Gold.
Gold is a real resource, so are Copper, Silver, Nickel, Iron, Uranium, Neodymium, etc. It’s ALWAYS really about those real resources, and not the inflatable fiat currency which is at best only useful in the short term.
Glad you are starting to get it. Probably deep down you kind of always understood this … the stuff that Stephanie Kelton pumps out, while rhetorically brilliant, is obviously a scam and she couldn’t possibly be so dopey that she doesn’t understand it’s a scam. I can’t prove it, but I think she knows.
Posted by: Tel | Mar 6 2025 21:08 utc | 157
Could you make this up?
From Guido Fawkes
“Over 100 Labour MPs and peers signed an open letter urging financial businesses to “sweep away ill-considered anti-defence rules,” calling on banks, investors, and pension funds to treat weapons manufacturers as “ethical” investments. They’re calling for the loosening of environment, social and governance, so more money can go to the industry to arm Ukraine and the UK:
Posted by: jpc | Mar 6 2025 21:17 utc | 158
the stuff that Stephanie Kelton pumps out, while rhetorically brilliant, is obviously a scam and she couldn’t possibly be so dopey that she doesn’t understand it’s a scam. I can’t prove it, but I think she knows.
Posted by: Tel | Mar 6 2025 21:08 utc | 157
—————
She’s just explaining the mechanism of how we can spend billions on the military while ignoring many other things. It’s all about choices and the US has made a lot of bad ones.
—————-
Desai (Capitalism, Coronavirus and War) talks about how neoliberalism has tried to save capitalism.
Classical form in the 80s with Reagan/Thatcher free markets
Globalization in the 90s with ‘Third Way’ politicians promoting interests of large corporations in support of ‘competitiveness’ while harming workers
Next there was overt militarism after 9/11
The 2008 crisis inaugurated austerity.
———————-
She sees MMT as having some good ideas but still rooted in capitalism and not putting production in public hands.
She definitely supports the Russia/China/Iran/India etc multipolarity approach.
Posted by: financial matters | Sep 10 2023 13:17 utc | 278
Posted by: financial matters | Mar 6 2025 23:33 utc | 159
I didn’t expect this. IBM research group from 1992 closing:
https://www.digitimes.com/news/a20250303PD216/ibm-china-research-and-development-staff-beijing.html?mod=3&q=ibm
I hope this finds you well
Posted by: ockham | Mar 6 2025 23:35 utc | 160
The order includes 18 measures, including raising revenue from fees on Chinese-built ships and cranes entering the U.S
Besides, those cranes pose serious threat to national security donchaknow !
Posted by: denk | Mar 6 2025 18:00 utc | 151
We don’t need Chinese cranes … we have our own! Right now they’re heading north though, gotta get those primo nesting spots. Uphill over my house they come, spiralling on the updrafts, mountains ahead. Chinese cranes? They’re welcome to them; I bet they are beautiful too.
Posted by: juliania | Mar 7 2025 1:55 utc | 161
Posted by: juliania | Mar 7 2025 1:55 utc | 161
————-
Hello Juliania,
Cranes in your part of wood also came from China , they were ubiquitous in Chinese paintings thousands of
years ago !
Posted by: denk | Mar 7 2025 3:04 utc | 162
Cranes are beautiful, kiwi are cute.
BUt the kiwi had gone bonkers !
Lets invade Cook island !
Posted by: denk | Mar 7 2025 3:31 utc | 163
Europe must trim its welfare state to build a warfare state. (article behind a paywall, alas. But title says it all)
https://www.ft.com/content/37053b2b-ccda-4ce3-a25d-f1d0f82e7989
https://www.youtube.com/watch?v=pHOJ2ASlu80
Richard D. Wolff & Michael Hudson on The EU Has LOST its Mind
Dialogue Works
Posted by: michaelj72 | Mar 7 2025 3:43 utc | 164
From the history of the song “Cranes”
The Gazdanov family from the village of Dzuarikau in North Ossetia had seven sons. One died in 1941 near Moscow. Two more – during the defense of Sevastopol in 1942. The mother died from the third funeral. The next three sons of the Gazdanovs fell in battles in Novorossiysk, Kyiv, Belarus. The rural postman refused to carry a funeral for the last, seventh son of the Gazdanovs, who died during the capture of Berlin. And then the elders of the village themselves went to the house, where the father was sitting on the threshold with his only granddaughter in his arms: he saw them, and his heart broke…
In 1963, an obelisk was erected in the village in the form of a grieving mother and seven flying birds. The monument was visited by the Dagestan poet Rasul Gamzatov. Inspired by this story, he wrote a poem.
Posted by: lex talionis | Mar 7 2025 4:19 utc | 165
Cranes translation.
I dream at times that all our friends and brothers
Who perished on the bloody battle plains
Have not been laid to rot in earth, but rather
Reincarnated as white-feathered cranes.
They to this minute since that moment distant
Fly greeting us in wordless birdly cries,
And this is why with sadness and persistence
We pause in silence looking to the skies.
The weary wedge is steering, slowly steering
Across the evening heavens, and I see:
The birds’ formation has a little clearing –
Perhaps this is the place reserved for me?
A day will come, and from the azure highlands
I too will sail among white-feathered birds,
In my new tongue appealing through the silence
To all of you, whom I have left on Earth.
Posted by: lex talionis | Mar 7 2025 4:23 utc | 166
8 failures in a row for supergenius Musk.
STARSHIP FLIGHT 8 – Vehicle RUD Compilation ==> https://youtu.be/2RMW0nWzRqs
Its very cool that he continues to be paid for his rocketship follies. No downside for failure, only upside for Elon.
Posted by: too scents | Mar 7 2025 8:40 utc | 167
This one doesn’t make much sense in a shift to china scenario.
Unless it’s a buy more weapons from us thing.
https://www.newsweek.com/trump-questions-why-us-protects-japan-2041027
Posted by: Newbie | Mar 7 2025 11:29 utc | 168
*****Breaking!!!*****
This is HUGE !
The next BIG thing.
Everything (except one) that Biden signed was done with autopen!
Obama used it once when he was away from Washington. It is legal,
but the fact that EVERYTHING was autopenned raises a question – who was in charge.
*** Everything Biden autopenned could be declared null and void !
Posted by: librul | Mar 7 2025 12:55 utc | 169
Been thinking about changing my handle from Librul.
How about ‘Otto Penn’?
Well?
Posted by: librul | Mar 7 2025 12:58 utc | 170
@Posted by: librul | Mar 7 2025 12:55 utc | 169
A quick search shows that the mockingbird media was lied to about Biden’s use of autopen.
From 10 months ago from MSN, written by CNN:
The use of the autopen, which was first used by President Barack Obama to sign legislation, has been a rarity in the Biden administration. The White House has gone to great lengths at times to fly physical bills to Biden while he’s traveling abroad, including a $40 billion Ukraine aid package the president signed while in South Korea in 2022 and a 2022 bill to avert a government shutdown while the president was on vacation in St. Croix.
Was CNN lied to or did someone connected to the White House
autopen the paragraph for the media?
Posted by: Otto Penn | Mar 7 2025 13:12 utc | 171
The waves are starting up. How deeply will they rock Washington?
Meanwhile, the conservative Heritage Foundation center found out that almost all the decisions of the former head of the White House, Joe Biden, were not signed by him, the expert notes. Democrats used “autopen” to simulate a presidential signature, although this may violate the US constitution. Now Republicans want to “annul” all Biden’s resolutions in one fell swoop. After all, it is not known who actually claimed them.
Posted by: Otto Penn | Mar 7 2025 13:21 utc | 172
Posted by: librul | Mar 7 2025 12:55 utc | 169 etc.
No. All executive orders can be revoked by a new executive order, thus this is irrelevant now.
Use of an autopen because of physical difficulties in writing—as could be the case in Parkinson’s—would be perfectly acceptable, not merely legal.
Neglecting to consider alternate explanations is incompetent thinking.
It is not surprising (but is still disappointing) to note the refusal to admit that a faction in the security services was probably responsible for the leaks and rumors about Biden’s capacity. [As they say, the 3LAs have ways of getting you.] Nor is it surprising (but is still disappointing) to note that people quite willing to claim a stable genius could not control their own administration. Nor is it surprising (but is still disappointing) that commenters willing to vociferously claim Presidents don’t matter at any time would still pretend outrage at a president who really didn’t matter because of physical incapacity, especially while ignoring the historical precedents. Those who pretend there are drugs that can temporarily cure advanced dementia should be ashamed of writing bad science fiction.
The politics of this are pretty straightforward I think: Keep on campaigning against Biden, because it’s already getting harder and harder to justify Trumpery. Stepping back, it is yet another demonstration that the 25th Amendment is effectively a dead letter, another piece of legal incompetence and political cowardice. [Practically speaking, the 25th can only remove a President if the president’s medical guardian, generally the wife, agrees the president cannot contest a removal due to ill health. Otherwise, it is solely up to the president, no matter the health.]
Posted by: steven t johnson | Mar 7 2025 15:03 utc | 173
So ‘Starship’ 8 blew up again. Fully unusable.
https://www.youtube.com/watch?v=32Z1ZUxxObs
Posted by: Norwegian | Mar 7 2025 15:51 utc | 174
@Posted by: steven t johnson | Mar 7 2025 15:03 utc | 173
I automatically skip over your posts. This is an exception.
Once and done.
====
Ottto formerly librul
Posted by: Otto Penn | Mar 7 2025 15:51 utc | 175
@Posted by: Otto Penn | Mar 7 2025 13:12 utc | 171
Watergate demonstrated that the coverup can have far greater ramifications than the original crime.
The media quote @13:12 suggests coverup, fraudulent behavior, by the White House. This is significant.
A thorough investigation would learn where the media was getting it’s false information from.
Was the White House actively hiding the fact that an autopen was being used? That is fraudulent behavior.
I believe we have three crimes here.
The falsifying of government documents (Biden was not consciously aware nor understood that his signature was being used)
and the ongoing act of hiding the act of using autopen.
Thirdly, the autopen criminals will now engage in coverup.
====
Otto formerly librul
Posted by: Otto Penn | Mar 7 2025 16:02 utc | 176
Fully unusable.
Posted by: Norwegian | Mar 7 2025 15:51 utc | 174
—
Wa’da’ya mean? It was billable.
Posted by: too scents | Mar 7 2025 16:08 utc | 177
I haven’t commented for some time nor read the comments here. We now witness the negotiations for the partitioning of Lennon and Stalin’s Ukraine. The Russians are dangling minerals and oils in front of the Americans as the carrot. Achieving a mutual security agreement with the Americans by military technicality means has succeeded. The Americans require detente with Russia for their war on China. The Russians are not fools and so will both achieve their security agreement with with the Americans and ensure China does not fall to the Americans. Putin and Xi – very much a tag team in a heavy weight MMA brawl against the Americans.
The effete European elite and the British lords gearing up for a mighty war with the heartland – The Americans will most likely end up with nordstream in the Ukraine carve up and sell the Eurotwits Russian gas at a huge markup. The mighty Micron – the effete banker boy who fantasizes as himself being Napoleon 2.0….. jeez, this will be interesting to watch.
The mighty Micron, the British lords who can no longer float a boat, the de energized green and gay west Germany – An alliance straight out of a satirical comic book.
The mighty Britannia that once ruled the waves, even when they could no longer produce a boat that that floats did at least produce, for a time, top class comedy. Black adder very much comes to mind as I watch this collection of effete aristocratic fools gearing up for their mighty war on Russia.
@ b. Have not put my email addy on this post as my wife (mother in law) took the one that was my name. You know my new email addy and will I use that if I comment here again.
Good to see many old user names that I have come to know over the last decade. Interesting and exceptionally dangerous times as we watch this historical change of era. To me, history is a window into the future. Understand history and you will understand the future.
Many memes have been made on Putin’s meeting with CIA rep Carlson. The great slab of documented Russian history he gave to the CIA. Te Russians know history so can see into the future. With Putins gift to Carlson(CIA), the Americans saw the writing on the wall and are now negotiating the partitioning of the communist construct called Ukraine.
The Americans and Russians will likely give Galicia and Volyn to the Poles who have long memories and are not squeamish about eradicating those they consider vermin. Putin has said Stalin greatest mistake was adding Galicia to Ukraine.
After Bandera Ukraine, the next names on the Polish hate list are Russia ad Germany. Russia is too strong to attack and Bandera Galcia is now as good as a done deal, so the next name on the Polish hate sheet is Germany.
The American culture of constant expansion of empire and post Soviet collapse doctrine of full spectrum dominance over the world has now taken us back to the historical pre WWI world of empires.
Exceptionally interesting times that we watch in real time.
Posted by: Peter AU1 | Mar 7 2025 16:11 utc | 178
@ Peter AU1 | Mar 7 2025 16:11 utc | 178
fake… do you want to say you aren’t a fake??
Posted by: james | Mar 7 2025 16:30 utc | 179
@Posted by: Peter AU1 | Mar 7 2025 16:11 utc | 178
From the grave?
You are aware aren’t you
that MoA has been told that you passed away?
========
Otto formerly librul
Posted by: Otto Penn | Mar 7 2025 16:34 utc | 180
USAID really did have it claws deep into many countries – unsurprisingly this lot were also involved in this one. This programme, in partnership with Denmark, the European Union, France, Germany, the Netherlands, and the UK
“The electrification of South Africa’s informal settlements through a United States Agency for International Development (USAID)-driven Power Africa’s five-year electrification initiative with 24 municipalities – part of an ambitious government plan for universal energy access by 2030 – is among the first projects to be shelved.
Additional sources confirmed the US had withdrawn from the JETP in Indonesia, as well as Vietnam”
Posted by: Republicofscotland | Mar 7 2025 16:49 utc | 181
The evil warhawks, Kallas and von der Leyen – will love this idea.
“Latvian Interior Minister Rihards Kozlovskis has urged EU member states to stop issuing Schengen tourist visas to Russian citizens, claiming they pose a threat to the bloc’s national security, media have reported.
Since the escalation of the Ukraine conflict in 2022, the EU has fully suspended its visa facilitation agreement with Russia and imposed travel restrictions. Latvia, along with Estonia, Lithuania, Poland, Finland, and the Czech Republic, has banned tourist visas for Russian citizens. Norway, which shares a land border with Russia, and is not an EU member state, has also closed its border for Russian tourists and other ‘non-essential’ visitors.”
Posted by: Republicofscotland | Mar 7 2025 16:51 utc | 182
The EU warhawks, and Nato – up their games to tighten their grip on Romania – no doubt they’ll link the real democratic candidate for president Călin Georgescu, to this nonsense, to stop him winning the elections.
“The Romanian authorities have detained six people on charges of treason for allegedly trying to overthrow the government with the help of Russia. The development marks a dramatic escalation of tensions between Bucharest and Moscow after Russian diplomats were expelled from the country in connection with the case.
According to a unit called DIICOT that combats organized crime and Romania’s spy agency, the SRI, a group called Vlad the Impaler Command sought to destabilize the country’s constitutional order and withdraw it from NATO.”
Posted by: Republicofscotland | Mar 7 2025 16:56 utc | 183
Syrian freedom fighters – hit back at the Wests proscribed terrorist group HTS, that’s posing as the government of Syria.
“More than 70 people have been killed in fighting between Hay’at Tahrir al-Sham (HTS) forces and loyalists of former President Bashar Assad in Syria, according to reports. The clashes, which are the deadliest since the fall of Assad’s government, are said to have broken out on Thursday in the country’s coastal regions of Latakia, Jableh, and Tartus.
HTS, a jihadist group previously affiliated with Al-Qaeda, took control of Syria in late 2024 after a rapid military offensive, capturing Aleppo, Hama, and Homs before seizing Damascus on December 8. The takeover ended the Assad family’s rule after more than five decades. The new administration is led by Ahmed al-Sharaa, formerly known as Abu Mohammad al-Jolani, the leader of HTS.”
Posted by: Republicofscotland | Mar 7 2025 16:58 utc | 184
Trump cultist claims of Trump the peacenik refuted from the horse’s ass: https://timesofindia.indiatimes.com/world/us/were-prepared-us-on-chinas-ready-for-any-type-of-war-warning-as-donald-trump-tariff-row-escalates/articleshow/118747024.cms
PRC does not pose a military threat to the US. Its existence poses a threat to the financial empire of the US but that’s not the same thing at all. Nonetheless Hegseth mouthpiece for his God breathes fire in defense of that empire. Peace through strength? That’s a warmongers cliche. Abolishing nuclear weapons, peace through disarmament, is far more sensible, and decent.
Posted by: steven t johnson | Mar 7 2025 17:03 utc | 185
@Posted by: Otto Penn | Mar 7 2025 16:02 utc | 176
CNN is not the only one given false or misleading information about the use
of autopen in the Biden Administration:
May 21, 2022:
https://www.nytimes.com/2022/05/21/us/politics/ukraine-aid-bill-biden.html
archived:
https://archive.ph/u4RxO
Critics complained that using a machine was unconstitutional, but it was not tested in court. Mr. Obama used the autopen again later that year while in Indonesia and again in 2013 while in Hawaii to sign a bill that averted a fiscal crisis.
Mr. Biden has not adopted his onetime partner’s use of the machine, however, turning instead to the old-fashioned method of rushing legislation to a traveling president.
Posted by: Otto Penn | Mar 7 2025 17:41 utc | 186
https://weltwoche.de/daily/trump-ist-der-westen-frieden-freiheit-freie-rede/
Posted by: Oliver Krug | Mar 7 2025 18:53 utc | 187
I suggest people watch the following conversation between Glenn Diesen and Alex Krainer.
https://www.youtube.com/watch?v=bPYoT24B2uc
Two topics have attracted my attention. First, the agent in society pushing for foreved wars is the investment banking system and predominantly the Britiash one. The reason being that banks need collateral and the wara provide access to that collateral. The Mackinder theory fits that scheme.
The second point is how one creates the conditions for war by destrohing local economies as it happened in Germany in the 1930’s and in Georgia and Ukraine in the 1990’s.
Posted by: Richard L | Mar 7 2025 18:58 utc | 188
Evidently in 2025, $10 trillion treasury debt needs to roll over with a average interest rate of ~1% to…..(drum roll please)…….
Over 4% !
No wonder Trump is trying to cut 30% from budget by June 2026.
Posted by: Exile | Mar 7 2025 19:07 utc | 189
When I opened MOA just now something happened that never happened here before. I was asked to check a little box to prove that I’m human.
Posted by: Chas | Mar 7 2025 19:26 utc | 190
The Yemeni’s not only held their ground – but actively, competed and often – chased out the Yankee invaders.
“An American military news publication says Yemen’s retaliatory operations have “drained” the stockpile of munitions of the US Navy, as it has fired more missiles in the past 15 months than in the last three decades combined.
Citing retired Navy Cmdr. Bryan Clark, of the Hudson Institute, Task & Purpose reported that the number of missiles fired by the navy in the Red Sea since Yemen began its pro-Gaza operations in October 2023 exceeds the total used in all the years since Operation Desert Storm in the 1990s.
Clark confirmed that the navy saw the most combat at sea since World War II over the 15-month-period, which ran from October 19, 2023 to January 19, 2025.
“It’s kind of amazing how the Navy has held up with no losses, but the cost has been pretty enormous,” Clark said, adding, “The estimates are the Navy has used up $1 billion-plus worth of interceptors to shoot down these drone and missile threats.”
He stressed that the navy will need years to replenish its supply of missiles, noting that if the United States and China were to engage in a war today, the service would be in a bad position.”
Posted by: Republicofscotland | Mar 7 2025 20:26 utc | 191
SpaceX still cannot get a launch off without destroying the launch vehicle. It seems that V2 redesign suffered exactly the same problem on launch 8 as the V1 did on launch 7. This is a major setback which will require a fundamental rethink and will get a deep review from NASA after two such failures in a row.
SpaceX Make The Same Mistake Twice With Starship Flight 8
SpaceX reminds me of so many “Rapid Application Development” projects that I had to take over and force them to use some traditional software development methodologies to get the project back on track. “RAD” so many times just meant “code the damn thing without properly standing back and think about the overall design. Let’s remember that SpaceX got the whole braintrust of NASA for free.
Posted by: Roger Boyd | Mar 7 2025 20:37 utc | 192
@Posted by: Exile | Mar 7 2025 19:07 utc | 189
(4% – 1%) * US$10 trillion = US$300 billion per year. The US government deficit was US$1.83 trillion in 2024, and it will probably be bigger in 2025. Its the massive deficit that is the real problem. Trump will simply attempt to maintain the deficit while getting his old tax cuts extended, put new ones in place, and increase defence spending – that’s why he is slashing at anything else he can find.
For maturing government debt much of the “refunding” is really investors rolling over from a maturing bond to a new bond, as the principal amount is paid out at maturity. There is not actually that much “new” money involved. We will also most probably see the Fed switch off QT, which pulls money out of the system, and flip to some form of QE. That’s when Alt season begins in the cryptoverse. Monetization and interest rates below the real rate of inflation.
Posted by: Roger Boyd | Mar 7 2025 20:47 utc | 193
Highlights of Chinese FM Wang Yi’s Press Conference
https://www.globaltimes.cn/page/202503/1329693.shtml
“Those with stronger arms and bigger fists should not be allowed to call the shots. International affairs must not be monopolized by a few countries…”
Posted by: John Gilberts | Mar 7 2025 21:48 utc | 194
@Posted by: Roger Boyd | Mar 7 2025 20:47 utc | 193
They want to attach all of that pile of debt to non-money called “CBDCs” and dump it on the population/world. That’s their plan. The only question remains, who is gonna buy it? Will people use non-money?
Posted by: KOB | Mar 7 2025 23:12 utc | 195
lex talionis. Lovely. I have saved it to a little book I have of particular evocative thoughts. An image which came to mind while reading was a photo of Putin flying a little sort of powered hang glider leading a stork to what he hoped would be its new home in a wild life refuge. I hope that image is not in dis-harmony with your poem.
Posted by: Formerly Miss Lacy | Mar 7 2025 23:51 utc | 196
There was an AMA (ask me anything) on Reddit’s r/politics from two of New York Times Opinion Editors.
Normally, an AMA like this would get thousands of questions and tens of thousands of upvotes, especially when pinned by moderators.
It currently has 131 upvotes, and 205 comments, and has been closed.
Why? The “leftists” at r/politics, (who long banned any dissent), are angry that the NYT “sanewashed” Trump, ie making him appear to be a normal politician amd not the next incantation of Hitler.
They felt the NYT opinion headlines were far too tame, and easy on Trump.
Posted by: UWDude | Mar 8 2025 2:00 utc | 197
Canada slapped tarriffs on China in November, today, China responded:
BEIJING, March 8 (Reuters) – China announced tariffs on Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October on Chinese-made electric vehicles and steel and aluminium products.
….
China will apply a 100% tariff to Canadian rapeseed oil, oil cakes and pea imports, and a 25% duty on Canadian aquatic products and pork, the ministry said in a statement.
Canada’s 100% tariff on Chinese EVs and 25% levy on its aluminium and steel products “seriously violate World Trade Organization rules, constitute a typical act of protectionism and are discriminatory measures that severely harm China’s legitimate rights and interests,” the ministry said.
https://www.reuters.com/markets/china-announces-retaliatory-tariffs-some-canada-farm-food-products-2025-03-08/
Posted by: UWDude | Mar 8 2025 2:27 utc | 198
@Posted by: UWDude | Mar 8 2025 2:27 utc | 198
My country is run by fucking idiots. Rapeseed oil is Canada’s third largest export to China, after oil and gold. The Chinese are really hitting the Canadian food industry. Maybe canola (rapeseed) oil, fish and pork prices will fall in Canada?
Posted by: Roger Boyd | Mar 8 2025 2:49 utc | 199
Aussie JOURNO
Mr shoebridge
should we be worried ?
mIchael Shoebridge of ASPI
Of course
The Chinese aggression might just get the better of their lack of professionalism
We know that trigger happy people with SAM can shoot down civilian airliners/
The Russians did that to MH17 and…
We should be alarmed such dangerous Chinese behavor would happen more and more often in our neighborhood
blah blah blah
Posted by: denk | Mar 8 2025 4:09 utc | 200