Moon of Alabama Brecht quote
March 2, 2025
The MoA Week In Review – OT 2025-041

Last week's posts on Moon of Alabama:


Other issues:

Palestine:

China:

Europe:

Trump admin:

Use as open (not related to the wars in Ukraine and Palestine) thread …

Comments

Posted by: Zet | Mar 3 2025 16:55 utc | 98

To understand Vance’s role examine the nursery rhyme “Little Boy Blue”.
His character is playing an age old story.

Posted by: too scents | Mar 3 2025 16:59 utc | 101

PS My @89 is unclear that the bank/other entity issuing the MBS is not necessarily the same one the purchaser of the MBS would end up paying interest to as it matures, as it was supposed to.

Posted by: steven t johnson | Mar 3 2025 17:01 utc | 102

“… investors were motivated by capturing the equity increases in rapidly rising prices…”
Posted by: jinn | Mar 3 2025 16:42 utc | 96
I’m no economist, so ready to be flayed, but wasn’t this where the rentier chaps got their surge against private homeownership? (Calling Michael Hudson…)
I can’t defend myself, just thinking this was the US answer to what happened to ordinary people when the Chicago boys ‘helped out Russia’ back in the day.

Posted by: juliania | Mar 3 2025 17:03 utc | 103

This is a useful review of the deregulation movement by capitalists in the US and UK and EU. https://thenextrecession.wordpress.com/2025/03/02/trumps-maga-and-deregulation/
It is marred by an idealist overestimation of Trump, complete with a telepathic analysis, as the cause of this international movement. What is actually in the article contradicts the title outright, and doesn’t much support the first two paragraphs either. Nobody knows what MAGA even means, not even MAGA supporters, but it’s not at all clear to me that it has anything to do with forcing oligarchs to appease the rabble’s lust for deregulation. My advice is to ignore that and eat the meat of the post, it’s nutritious despite the diversion about Trump. That’s like slathering a mayonnaise/guacamole/sugar sprinkles mix onto your steak. Just scrape it off.

Posted by: steven t johnson | Mar 3 2025 17:11 utc | 104

“Trump Fan LOSES EVERYTHING After Investing in Trump’s CRYPTO SCAM!”
https://www.youtube.com/watch?v=yuelpmIrB9M (length: 16 minutes)
Trump or one of his minions launched a “Trump memecoin”. One Trump fan put more than a million dollar in this “memecoin” and then lost almost all of it in this scam. #SAD.

Posted by: WMG | Mar 3 2025 17:21 utc | 105

U.S. quietly unfreezes millions in Taiwan aid, annoying China
NPR
https://www.npr.org › 2025/02/27 › trump-china-taiwa…
The Trump administration kills nearly all USAID programs. China criticized the resumed funding decision for violating its security interests in Taiwan, a …

Those perfidious gringo !

Posted by: denk | Mar 3 2025 17:32 utc | 106

@Posted by: jinn | Mar 3 2025 16:04 utc | 89
You are not rooted in reality, having a mainstream economics understanding of finance that is utterly devoid from reality that also merrily ignores inconvenient facts. I will leave you to your special world.

Posted by: Roger Boyd | Mar 3 2025 17:45 utc | 107

@Posted by: steven t johnson | Mar 3 2025 17:11 utc | 104
Classic bourgeois analytic bullshit that ignores the class struggle (“he views the US like a corporation”), the oligarch-serving position of Trump, and the absolute continuity of 50 years of intensifying oligarch profiteering, extraction and rentiership under both parties. That’s the “meat” that you refer to. The first paragraphs are just the usual TDS ravings. Trump is there to make the oligarchy richer by intensifying even more their extractive behaviour against the US people, while also trying to reduce the costs of the imperial core while trying not to hurt any oligarch interests (e.g. the MIC looting machine).

Posted by: Roger Boyd | Mar 3 2025 17:53 utc | 108

Just when you thought it couldn’t get any more insane.
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts.
LOL!!!!

Posted by: Sun Of Alabama | Mar 3 2025 18:31 utc | 109

Posted by: denk | Mar 3 2025 17:32 utc | 106
##################
I rarely see much China-related stuff at MoA that was not posted by me.
China is doing amazing things by blocking the US from accessing many key resources, for which China has virtual monopolies over those supply chains.
Graphite is a big one, particularly since the Chinese have mastered the creation of “perfect” diamonds from graphite.
Antimony is necessary for weapons production and the US is forbidden to receive antimony from China at this time.
While the US was busy trying to spread mental illness (queer ideology) and Mickey Mouse (another mental illness) all over the globe, China was investing its sovereign wealth fund (funded by a $1T annual trade surplus) all over the world building up supply chains the likes of which have never been seen before.
So when Trump talks about bringing manufacturing back to America, that is complete BS. It’s not a matter of getting established companies and brands to move to the US. It’s about securing the necessary raw materials to feed those factories.
And for that America will have to go to war.
I pity America for thinking they could take anything from the Chinese (and their friends) by force.

Posted by: LoveDonbass | Mar 3 2025 18:32 utc | 110

Topic: Mortgage fraud in the US (2000 – 2008).
https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2004-09-17%20FBI%20warns%20of%20mortgage%20fraud%20'epidemic'%20(CNN).pdf
Bill Black talks to the “Moyers journal” about the mortgage fraud:
https://www.youtube.com/watch?v=Rz1b__MdtHY
But now in the US there is a record amount of houses under construction and for sale. Even compared with the real estate bubble in the 2000s.
“Reventure Consulting” ( https://www.youtube.com/@ReventureConsulting ) has made several videos on this topic.

Posted by: WMG | Mar 3 2025 18:40 utc | 111

Building A LOT OF real estate does generate more GDP but a house is consumption good, something to live. It’s NOT something that produces an income.
Posted by: WMG | Mar 2 2025 21:28 utc | 26
Tell that to all the landlords and people who’s parents just died.
It took the US some 70 to 80 years to blow this real estate bubble but in China they “turbo charged” it and did it in say 30 years. The only difference is then the amount of time it took to blow this bubble.
Posted by: WMG | Mar 2 2025 21:32 utc | 28
Not true. Our problem was not enough housing. Simple supply and demand and What housing stock there was greedy landlords ( rent seekers ) were buying them all and renting them out. So some and daughters couldn’t get their hands on them. When they did they were way over priced. As wages fell as all of the productivity gains were going to the rich.
They repackage this mortgage debt into debt instruments that were junk while calling them Triple A. We all know what happened then.
You must have been living in a cave to miss all of that.
China on the other hand built more houses because of what I have just explained above.
When the financial crash hit. Exports plummeted so China had to do something and do something very quickly. So they went on a massive infrastructure spending spree. To try and replace the jobs that were being lost because their exports to the West had collapsed.
Context is key and as usual you haven’t mentioned it. Compare Apple’s with oranges and juggle fruit.

Posted by: Sun Of Alabama | Mar 3 2025 18:48 utc | 112

Posted by: LoveDonbass | Mar 3 2025 18:32 utc | 110
————–
Now you see it, now you dont !

Taiwan listed and delisted as Exercise Cobra Gold participant …
YouTube · 民視英語新聞 Taiwan News Formosa TV
5 days ago

Trying to spook China, signature Trump tactics.

Posted by: denk | Mar 3 2025 18:59 utc | 113

Taiwan listed and delisted as Exercise Cobra Gold participant …
YouTube · 民視英語新聞 Taiwan News Formosa TV
5 days ago

Very likely due to host Thailand’s objection !
The Thai/sino fast rail project is finally on.
They dont want any unnecessary disruption.
TW’s inclusion would surely piss off China big time !

Posted by: denk | Mar 3 2025 19:17 utc | 114

Posted by: Roger Boyd | Mar 3 2025 17:53 utc | 108 This person thinks this “classic bourgeois”!!!

Anybody who has read this blog over the years knows that I think regulation over capitalist enterprises does not work, as proven by the global financial crash in 2008, the US regional bank implosion in 2023 and many other examples in finance, business and services. There can be no real effective ‘regulation’ without public ownership controlled by democratic workers organisations. Deregulating may not increase the risk of financial crashes, or more industrial accidents or consumer scams or more corruption – these happen anyway. But it certainly won’t deliver more economic growth and better living standards and public services.

I certainly seem to remember a number of comments upholding small government and similar classic bourgeois analytic BS, but this person has no issues with those. But then thought isn’t the goal. After I say the first two paragraphs are wrong and should be discarded, raving about TDS is just sucking up to rightwingers. Also, this commenter didn’t come off well in an exchange with jinn so, irritable. Not so by the way, ranting about the MIC is classic bourgeois analytic BS, except back in the Twenties and Thirties the phrase was “merchants of death.” (What an up-to-date thinker!)
The imperialist core by the way is finance capital, not geographical, not even North America. Geopolitics is no substitute for Marxism, in my view.

Posted by: steven t johnson | Mar 3 2025 19:19 utc | 115

Further, if TW is on, China might be provoked into drastic action ,plus Thailand/sino relation might suffer.
Those perfidious FUKUS !

Posted by: denk | Mar 3 2025 19:25 utc | 116

40% of GDP in China was generated by housing in 2008 and 2009. They also built high speed rail, power stations , etc, etc. It was a MASSIVE infrastructure spending spree.
They know they create the money and finding the money was never the issue.
Exports collapsed and this was their solution. Why nearly 20 years later they are moving away from their export their way to growth model. Concentrating more on domestic consumption.
So they never have to go through that again.
The real kicker that you have mentioned ( again context) is that when China switched to this massive infrastructure spending because their exports had collapsed due to the Western housing financial crises.
This created a MASSIVE demand for real resources. Helped pull the West out of recession. So China by switching to try and gain some jobs to replace jobs lost in their exporting sector actually helped pull the West out of recession.
China’s middle classes started buying the housing. They also wanted to buy more than one to rent out. Businesses in China emerged also and started buying housing and the biggest one Everglades went bankrupt.
Good enough for them. Rent seekers should always go bankrupt as far as I’m concerned. As per usual they are just speculators, speculating on house prices.
So China has now to convert that housing stock back into people’s hands that actually need housing. Out of the hands of speculators. The middle and upper classes. Who could afford to buy more than one.
Smash up monopolies control. Blackstone was trying to buy Soho to create a property monopoly in China. The Chinese government smashed it. Schwartzman who ran Blackstone is still wanting to get in there as the Guru of providing affordable you to the Chinese. Via pressuring mortgage finance, evictions and of course gentrification. Which is a typical of Blackstone practices throughout the West. Bushwick, Brooklyn being their business model.
Rolled out across America and now Europe.
This is the scam
Here:
https://m.youtube.com/watch?v=wvcIdWicCX0&pp=ygUSZGF2aWQgaGFydmV5IENoaW5h
Were Trying to do the same in China.
January 2025, Schwarzman attended a private luncheon in Davos with Chinese Vice Premier Ding Xuexiang and other global finance leaders, underscoring the importance of strong U.S.-China business relationships.
Blackstone continues to maintain a significant presence in China. The firm operates an office in Beijing, located at Unit 2805, Level 28, Building 16, China World Office 1, No. 1 Jianguomenwai Avenue, Chaoyang District.
In August 2023, Blackstone’s newly established China unit received regulatory approval to raise funds for overseas investments, reflecting the firm’s ongoing commitment to the Chinese market.
He endowed the Schwarzman Scholars program at Tsinghua University, a prestigious one-year, fully funded master’s program in global affairs, designed to build a global community of future leaders.
So he is trying to buy himself in to carry out the same Scam he has done in America and Europe. Will China let him?

Posted by: Sun Of Alabama | Mar 3 2025 19:41 utc | 117

Now that Trump has quarreled with Zelensky, it’s time for him to quarrel with Musk and to fire him!

Posted by: lester | Mar 3 2025 19:50 utc | 118

LoveDonbass | Mar 3 2025 18:32 utc | 110–
Not just for you: “Trump Continuing Biden’s Cold War Anti-China Policy: Includes Escobar article”. I’m sure you’ll enjoy it.

Posted by: karlof1 | Mar 3 2025 20:04 utc | 119

@Sun Of Alabama:
I am fully aware how bad things were in the US housing markets between say 2000 and 2008. See post # 111

Posted by: WMG | Mar 3 2025 20:09 utc | 120

“It’s 2008 all over again. Home builders reporting biggest spike in unsold homes in a decade.”
A video by “Reventure Consulting” ( https://www.youtube.com/@ReventureConsulting )
https://www.youtube.com/watch?v=5iTWmnkHc6k (length: 15 minutes)
At the 0:29 timemark there is a chart with the amount of unsold houses in the south of the US (“Sunbelt” (???)). The amount of unsold homes in the south of the US was (december 2024) at a record of over 300,000 homes/houses. That’s even larger than in the year say 2006 (at about 290,000 houses/homes).

Posted by: WMG | Mar 3 2025 20:18 utc | 121

There was no real bailout after the 2008 crash. The govt spent about $700 billion on what they called a “bailout”, but the US Treasury received in return about $900 billion in principal repayment, interest payments, forfeitures and profits on the assets the Treasury had received in exchange for cash advances. The so called bailout netted the US Treasury about $200 billion in profit.
Posted by: jinn | Mar 3 2025 14:27 utc | 83
I already corrected you on this.
And you inflated the numbers out of your ass, now you are saying $200 billion profit.. out of your ass..
TARP lost $31B.
And that does not count all the interest never paid back, and all the other residual forms of bailout.
And last time you tried to pedfle thos lie, I know you saw it.
Last time you were saying the US treasury had “huge profits”, when i asked how -$31B is a profit at all, you ignore…
…but made a mental note to bluff even higher next time you posted on the subject.
a fucking bankster bailout cock-sucker on MoA, whodathought.

Posted by: UWDude | Mar 3 2025 20:24 utc | 122

@Zet #98
LOL load of nonsense.
Among the many egregious errors: Thiel withdrew from Trump/MAGA in 2018. He specifically and publicly stated that Trump was attracting too much noise to get his (Thiel’s) reshoring of physical production goal accomplished.
Second: Palantir. I have repeatedly posted how this company is fantastic for government agencies: huge budgets, no measurable outcomes, no accountability. Putting up Ukraine as a poster child for Palantir contributions to defense is the literal definition of stupidity: look! We at Palantir helped that loser lose! LOL
Finally Vance. Vance is not a glorified gofer as Jake Sullivan was for Hilary Clinton. He actually has been a VC, has run and won to elected office and has been in the public saying unpopular things (at least to Democrats/libtards) for many years. To compare Vance to pretty much any present European leader or minister, or anyone in the Biden administration, is a mortal insult both to Vance and to anyone with a modicum of intelligence.

Posted by: c1ue | Mar 3 2025 20:32 utc | 123

I’m no economist, so ready to be flayed, but wasn’t this where the rentier chaps got their surge against private homeownership? (Calling Michael Hudson…)
I can’t defend myself, just thinking this was the US answer to what happened to ordinary people when the Chicago boys ‘helped out Russia’ back in the day.
Posted by: juliania | Mar 3 2025 17:03 utc | 103
Home ownership rates peaked in 2003. As can be seen on this graph:
https://fred.stlouisfed.org/graph/fredgraph.png?g=1E8BR&height=490
That is an interesting statistic since it was 5 years before the crash and home sales were booming and yet the population was growing faster than the number of homeowners. That’s because many of the home sales were just the same people buying and selling (flipping).
After the collapse of house prices good deals could be had by buyers with cash who then rented them out to people who did not own.
I don’t understand the comment about Chicago boys and Russia.

Posted by: jinn | Mar 3 2025 20:35 utc | 124

Latest Zitron
Long story short: the 1+ gigawatt of data center expansion plans, canceled is much bigger than it seems. Microsoft had 4 GW of data centers in April 2024, with plans to expand this to about 7 GW by June 2025. A 1+ GW cut is therefore huge.
Some other comparison data points: Tokyo is the largest market for data centers in Asia (outside of China). Its total data center capacity is 1.028 GW.
London is the largest market for data centers in Europe. It has 0.996 GW of data centers total.
The SF Bay Area has 0.842 GW of data centers.
So we are not talking about not putting a 4th wing on the mansion, we’re talking an enormous shift.
But it gets better: Microsoft was the original exclusive partner of OpenAI, who in turn is at least 70% of the LLM AI space. If LLM AIs are so wonderful – why is MSFT cutting back on data centers? MSFT also modified its partnership agreement with OpenAI recently so that OpenAI could also work with Oracle to access compute. Why would MSFT do that if LLM AIs are such wonderful business?
And then there’s Softbank. When Softbank shows up, you know the gig is up. They have been the bagholder on literally every single tech scam of the last decade.
But it gets better: Softbank is planning to borrow $20B to $30B in order to support OpenAI. WTF?
And it gets even better than that: if OpenAI/LLM AIs are such wonderful business – why is Oracle pushing so hard for Stargate?
The entire affair now looks like a massive rug pull about to be instituted – on Softbank and the US Taxpayer via Stargate.

Posted by: c1ue | Mar 3 2025 20:38 utc | 125

now i remember. last time jinn had lower numbers pulled out of his ass, which implied about 18% interest paid back over three years, and said, “pretty good roi”, (blusterfucks like to use “roi” bevause they think it makes them sound smart).
I said, no, 6% a year is not good roi, especially with that type of money.
So now the bullshit spewer says America made $200B in profit, “now THAT is good roi, heh heh, just hope UWDude doesnt show up agai…”
SURPISE BITCH!
I am here.
And now I remember how I know you read my corrections.. be ause I worte aboute AIG and credit default swaps as being the core of the meltdown..
..and your facile retort made it sound like it was the first time you ever heard of AIG.
AIG, for all you non soccer watching fans, is American Insurance Group, a relatively unknown mega-insurance company.
As all these funny little sub prime loans were being made, and then bundled with less risky loans, cut into pieces and resold as safer debt, investors started to get scared, so AIG came up with a brilliant new product, the credit default swap (cds), so investors could buy insurance in case their investments failed.
What could possibly go wrong?
Long story short, theor investments failed, no ody could pay back any of it, and AIG met a worldwide hurricane of demands to pay the cds’s, amd AIG could not.
So AIG had to be bailed out, so everybody else could get bailed out by their cds insurance claims.
Oh, yay, treasury made so muchoney?
Imagine of all that money were goven to american homebiyers instead, so they could smatch up houses at the bottom prices.
But no, the money went to the banksters, and they snatched up all the housing at bottom prices.
great deal, right Jinn?
I regret I cant be here more often to expose Jinns bullshit. he is a bullshityer, who fills his posts with co.plex bullshit words, hoping most readers will see all the complex bullshit, and think, “that bullshit is too complex for me”.
In reality he is repeating lies bandied about by the pressfor a couple years agter the bailouts, trying to justify their strong-arm robbery of the American people nevause selling off their third yachts would have been a kind of pain no one had to suffer.

Posted by: uwdude | Mar 3 2025 20:46 utc | 126

So he is trying to buy himself in to carry out the same Scam he has done in America and Europe. Will China let him?
Posted by: Sun Of Alabama | Mar 3 2025 19:41 utc | 116
##############
He’s playing a dangerous game. In China, people who run scams and embezzle often face the death penalty.
China is so much more civilized than the West.

Posted by: LoveDonbass | Mar 3 2025 20:59 utc | 127

jinn at | Mar 3 2025 20:35 utc | 123
Thanks for responding. I’ve just been having a good time reading through an interview Michael Hudson gave in 2022 that you can find if you go to his site. It’s entitled “The Rentier Economy is a Free Lunch.”
So, here are two quotes that basically address my question about who suffered in the home ownership crisis. (And the Chicago boys were the US economists who went to Russia after the fall of the Soviet Union to assist in restructuring the economy in ways that benefited the oligarchs – my own admittedly poor explanation – karlof1 or psychohistorian would do much better.)

“…the objective of rentseeking is to essentially create a situation where people have no alternative but to buy the service or the good that you’re producing. # If they have no alternative then you can charge whatever you want … It’s a matter of letting a monopolist take something that everyone needs …”
[and then a further quote]
” … I guess when I answered the question about what can Americans do to help the housing crisis… You cannot solve the housing crisis until you end the Democratic Party. You cannot solve the labor problem without ending the Democratic Party. Because that is the party of Wall Street. That is the party of the 1%. Its function is to make sure that there cannot be any left wing opposition to block the Republican Party’s program.
What Bill Clinton did, the Republicans never could have done. Backing Alan Greenspan and the right wingers in getting rid of the acts preventing banks from owning insurance companies and brokerage houses. Getting rid of the Glass Steagall Act. And no Republican could have done anything as viciously anti-black and anti-Hispanic as President Obama, whose policies are basically identical with those of the Ku Klux Klan.
Obama’s role was essentially to reverse the attempt by blacks and hispanics to become homeowners. His objective was to replace black home ownership and hispanic home ownership with ownership by private capital companies. His role in 2009 was to bail out the banks – the fraudulent banks that had written the junk mortgages – and to keep the junk mortgages on the hook to evict almost 10 million American families. And not fine the banks, not throw a single crooked banker in jail. This ended the hopes of the low income Americans – and especially the minorities – to have housing …”

Posted by: juliania | Mar 3 2025 21:16 utc | 128

Posted by: karlof1 | Mar 3 2025 20:04 utc | 118
##########
Thank you. Great article.

Posted by: LoveDonbass | Mar 3 2025 21:22 utc | 129

Trump announced that the Canada/Mexico tariffs are “ready to go”, and the stock market suddenly woke up to the fact that he is serious. This is going to be wild ride with the European tariffs coming perhaps at the start of April. Given the highly integrated supply chain nature of North America there is going to be increasing chaos with the tariffs as time goes on, accompanied by increasing nationalism in Mexico and Canada and shortages and rising prices in all three countries.

Posted by: Roger Boyd | Mar 3 2025 21:25 utc | 130

And you inflated the numbers out of your ass, now you are saying $200 billion profit.. out of your ass..
TARP lost $31B.
Posted by: UWDude | Mar 3 2025 20:24 utc | 121
Tarp was not the only bailout by the US Treasury. There was at least $270 billion more.
The takeover of Fannie and Freddie cost the Treasury $180 billion (which was never actually spent). The Treasury has made something like $250 Bn in profit on that one alone and the profits would have been many 10’s of billions more if the Treasury had not given the borrowers that got their loans thru F&F loan relief that came from the profits that would normally have gone to the Treasury as dividends from Freddie and Fannie.
The US Treasury also made around $70 Bn from DOJ lawsuits of various bad actors during the housing bubble. But that was all pure profit, no bailout expenditure was associated with that.
Compare that to the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES) bailout where more than $2 trillion was allocated by Congress. Although not all of it was expended, a large share went to big corporations and almost nothing was paid back.
Most people believe the 2008 bailout was just a big giveaway when it wasn’t. The 2020 bailout was an enormous give away and you rarely hear anything about it.

Posted by: jinn | Mar 3 2025 21:32 utc | 131

“White House seizes control of press pool, will decide which outlets cover events with president”
https://www.politico.com/news/2025/02/25/trump-white-house-press-pool-access-00206001

Posted by: WMG | Mar 3 2025 21:36 utc | 132

From an email from “The Lincoln Project” (
Remember when Trump said he wanted to be a dictator?
He wasn’t joking.
This is the kind of stuff dictators do.
For the last five decades, the White House press pool has been decided on by the reporters themselves. It was free, fair, and offered the public plenty of options for doing their own research on the current administration.
Now Trump has decided that he doesn’t like reporters to express their opinions on him (unless they’re good). In other words, he’s taking down the First Amendment. He’s denying the American people a right guaranteed by the Constitution. He’s following in the footsteps of Hitler, Stalin, and Putin.
This move is un-American. No two ways about it. The people of this country have rights, and Donald Trump is apparently on a mission to strip them away for the sake of his massive ego. The free press disappearing means one less entity to hold Trump accountable. So if you’re keeping track, Congress has bowed out, the courts are on his side, the billionaires have folded, his cabinet is spineless, and now Trump’s restricting the free press.
But we’re still here. We will always lead the charge to hold Trump and his henchmen accountable. If the press isn’t there to expose him, we’re happy to do it. That’s why we exist. We refuse to let him get away with turning this country into something it’s not.
After a move like this less than two months in, who knows how far he’ll go. That’s why we have to stand up and be vigilant.”

The article refers to this article: https://www.politico.com/news/2025/02/25/trump-white-house-press-pool-access-00206001

Posted by: WMG | Mar 3 2025 21:40 utc | 133

Posted by: karlof1 | Mar 3 2025 20:04 utc | 118
###########
After thinking more about your article, I came back to my feelings as an anti-democrat.
China and Russia benefit from political stability. Both countries are capable of starting and finishing a 10-year plan.
The US swings from one extreme to the other every 2 years like clockwork.
I found a YouTube channel today from a Western expat living in China. He believes China is way ahead, and it occurred to me that at the current pace, China will soon overtake (to ‘lap’, as one would in a race) America.
I said to a friend recently that China is the new first world and the old first world is starting to look like the third world when it comes to safety, cleanliness, and technology.
Makes 90% of what Trump says quite funny to me. He’s talking about MAGA world, not the real world where China and Russia are ascendant.
Wait until Iran joins them.

Posted by: LoveDonbass | Mar 3 2025 21:42 utc | 134

Posted by: jinn | Mar 3 2025 21:32 utc | 130
now you are getting pedantic.
why not just say quantitative easing and the negative interest rate loans were also part of the bail out, in which case, the “American treasury” is still making trillions, as quantitative easing is ongoing?
I mean its been 17 uears now, oh the “profits”! (and debt to the same people).
I am done with bullshitting with you. i fucking hate bullshitters. It just becomes a bunch pf sophistry, semantics, strawmen, goalpost moving and citcular logic

Posted by: UWDude | Mar 3 2025 21:43 utc | 135

(Correction of my previous post (#132))
From an email from “The Lincoln Project” ( https://lincolnproject.us/ ) who has warned for years for what a Trump administration would do to the US:
Remember when Trump said he wanted to be a dictator?
He wasn’t joking.
“White House seizes control of press pool, will decide which outlets cover events with president”
This is the kind of stuff dictators do.
For the last five decades, the White House press pool has been decided on by the reporters themselves. It was free, fair, and offered the public plenty of options for doing their own research on the current administration.
Now Trump has decided that he doesn’t like reporters to express their opinions on him (unless they’re good). In other words, he’s taking down the First Amendment. He’s denying the American people a right guaranteed by the Constitution. He’s following in the footsteps of Hitler, Stalin, and Putin.
This move is un-American. No two ways about it. The people of this country have rights, and Donald Trump is apparently on a mission to strip them away for the sake of his massive ego. The free press disappearing means one less entity to hold Trump accountable. So if you’re keeping track, Congress has bowed out, the courts are on his side, the billionaires have folded, his cabinet is spineless, and now Trump’s restricting the free press.
But we’re still here. We will always lead the charge to hold Trump and his henchmen accountable. If the press isn’t there to expose him, we’re happy to do it. That’s why we exist. We refuse to let him get away with turning this country into something it’s not.
After a move like this less than two months in, who knows how far he’ll go. That’s why we have to stand up and be vigilant.

The article refers to this article: https://www.politico.com/news/2025/02/25/trump-white-house-press-pool-access-00206001

Posted by: WMG | Mar 3 2025 21:47 utc | 136

“Trump Fan LOSES EVERYTHING After Investing in Trump’s CRYPTO SCAM!”
https://www.youtube.com/watch?v=yuelpmIrB9M (length: 16 minutes).

Posted by: WMG | Mar 3 2025 21:49 utc | 137

lol “muh free press!”
lol”i tot i wuz gonna get wich quick but dinnit on a quiptocoin, its twumps fawt!”

Posted by: UWDude | Mar 3 2025 21:57 utc | 138

Posted by: WMG | Mar 3 2025 21:47 utc | 135
#######
If you don’t know who the Lincoln Project is, and why you should always ignore them, then it might be wise to stop discussing American politics.

Posted by: LoveDonbass | Mar 3 2025 22:23 utc | 139

Chinese are fleeing the West!
Well, not really fleeing but kind of flocking back to the homeland after having realized that the West isn’t the holy land it promises glossy magazines.
Some snippets – ranging from NZ to Germany to the UK & Canada:
– In China, exercise and travel are often icing on the cake, but in Germany, they’re necessary for maintaining normal mental health
– Moreover, abroad, there’s a strong sense of boundaries between people, and meeting requires scheduling days in advance
– A doctor, who, while expressing “genuine concern” for his condition and stating “I understand your needs,” ultimately resolved to: “If it’s urgent, we can refer you to a specialist.”
– Referred to the specialist, the cycle of redundant phrases repeated, and when asking for an appointment, Shuige was stunned—the earliest appointment was three months away.
– When she asked doctors why she couldn’t sleep, the response was “Many people experience insomnia”; when complaining about eye discomfort, the advice was simply “Blink more.”
– The puzzle solution revealed “Nativity” specifically referred to “the birth of Jesus Christ,” and her teammates nodded in understanding while Sasa applauded with an uneasy smile: “They knew we weren’t religious, but tested us on religious topics anyway.”
– Not only DeepSeek, her company, to ensure data security, prohibited tools like Google and ChatGPT on work computers, while her Chinese friends comfortably trained AI, she was left dealing with outdated local software.
– Half a year passed, filled with repetitive work like bi-weekly web updates and quarterly emails, leaving her creativity stunted.
– Working on botany research with her husband in New Zealand, Liu Lu finds it hard to believe the lab’s setup reflects that of a developed country: the office walls are peeling, the equipment is outdated, reminiscent of China in the ’80s and ’90s, and the precision of the data they generate isn’t even suitable for publication in a paper.
– a single project can be as low as tens of thousands of RMB, with hefty management fees and experimental labor costs, leaving a pitiful amount of money for actual research.
– When she went to study in the UK in 2009, she never imagined that London, once an “promised land,” would become a “lawless zone” a decade later.
– “Yesterday, while shopping in Westminster, my bag was stolen,” “My colleague was held up at knifepoint while buying a bottle of wine…” She first noticed the decline in public safety from stories shared in social groups.
– Mary, fed up, wanted to leave the UK for another Western country, only to find through consultations that the idyllic overseas world described in magazines is collectively collapsing.
Welcome to the West :-/
https://thechinaacademy.org/chinese-immigrants-in-europe-are-queuing-to-return-home/

Posted by: Zet | Mar 3 2025 22:41 utc | 140

Posted by: c1ue | Mar 3 2025 20:32 utc | 122
Lol, did I touch your fragile ego again? oi 😀
Anyway, nothing what you said had anything to do with Vance probably getting better intel than e.g. Baerbock et al…

Posted by: Zet | Mar 3 2025 22:47 utc | 141

He’s following in the footsteps of Hitler, Stalin, and Putin.
Posted by: WMG | Mar 3 2025 21:40 utc | 132
Looks like this is the new propaganda line…
Here is a picture of a carnival parade in Germany from today, the Hitler-Stalin-Pakt 2.0 showing Trump & Putin:
https://bnn.de/nachrichten/deutschland-und-welt/karnevalszuege-weidel-mit-hakenkreuz-und-trump-unten-ohne
It’s really getting ridiculous.

Posted by: Zet | Mar 3 2025 22:57 utc | 142

I said to a friend recently that China is the new first world and the old first world is starting to look like the third world when it comes to safety, cleanliness, and technology.
Posted by: LoveDonbass | Mar 3 2025 21:42 utc | 133
Haha, excellent, look at the stuff I just posted in #139 🙂

Posted by: Zet | Mar 3 2025 22:58 utc | 143

Zet | Mar 3 2025 22:41 utc | 139–
Yes, Escobar notes that in his article that mine is built around.
LoveDonbass | Mar 3 2025 21:42 utc | 133–
Thanks for your reply. Yes, political continuity is a vital component of the traditional conservatism that forms the basis for both Russian and Chinese political philosophy. Harmony cannot exist within chaos and its discontinuity. The idea is to build upon what works best, and as Xi puts it, to continue to modernize, to keep improving, to not be satisfied with where you are because there’s always room for improvement. Humans are imperfect, but that doesn’t mean perfection can’t or shouldn’t be sought. IMO, the main difference between Eastern and Western thinking is the East touts self-improvement through introspection while the West touts becoming dominant over others. For example, Europe would have known peace instead of continual war if the tenets of Christianity were followed from roughly 800AD until now. When the West looked East, it claimed to see Oriental Despotism, but what it really saw was its own projection. Yes, the East suffered its own contradictions when it deviated from its traditional pathway. China’s Civil War can be seen in that light.
Will Humanity mature and evolve beyond its barbarous infancy? Perhaps.

Posted by: karlof1 | Mar 3 2025 23:18 utc | 144

I am ignorant, and I have never been able to make an O with a compass.
I have no education or training of any kind. However, I have discovered, after a life of suffering, that human beings are sons of bitches. Really, animals.
That human beings are free and have free will is elementary: if we were a piece of inert matter, even if we were, human beings would not exist.
Because, all of us have life within our hearts. And, when we lose it, we will have to repeat the same cycle of birth and death. Meanwhile we are freaking out about our ego.
What is the point?
If we really try to make this hell some place to live more or less well…,
We must think, feel, and act, well.
I’m idiot, but I know what is correct among my fellow humans: do not make a mess.
What we must to do? Be humble… and remember: all that has been born, must be down.
I don’t really sorry because the australian man. I thought that he was a fucking drunk who was never able to feel right. A disaster.
But, OK, you can feel different.
The thing is all of my body is claiming for my mind, and my mind is over.
Dear. All that is born, must die. Even the collective structures.

Posted by: Sain | Mar 3 2025 23:22 utc | 145

ope, the schizo is back.
next comes poems about love and links to youtube music videos.
at least its in the OT thread.

Posted by: UWDude | Mar 3 2025 23:30 utc | 146

And it’s really fine. But, take it easy: if the europeans can’t make a rational thinking, we have a real problem.
How can we live in a world when we hate another one?
By nonsense.
The human being is trying to develop some rational sensibility that overcome his/her animal boots and traps: the human being is rational, moral, just and knows, inside, what to do, be honest.
All the people, inside, knows what is the correct conduct: do not make the other, your bro, feel bad.
Why the people are trying to make a war? Because we are afraid to be actual and real and free and, over ALL, without fair structure. The kitchen is very all and we must live in other home.

Posted by: Sain | Mar 3 2025 23:46 utc | 147

We must adapt our mind in order to be humans. If we don’t, because we are narcisists, we gonna die.
We must take a look to say: Remember who was your mama, your friend, how can we can live if theres no love, and all we live is hate.
Think about it. If we don’t have the intention of make this mess for all of us, we are done.
That we must be friends is elemental, because we are the same structure. If we no try to be friends, tell Juliania what the fuck means that all over all we must be like an imitation of Jesus.

Posted by: Sain | Mar 3 2025 23:58 utc | 148

Zet | Mar 3 2025 22:41 utc | 139–
Yes, Escobar notes that in his article that mine is built around.
Posted by: karlof1 | Mar 3 2025 23:18 utc | 143
Ah, great, your article of today is already waiting in a tab on my tablet for bedtime consumption later, thank you!

Posted by: Zet | Mar 4 2025 0:01 utc | 149

Bill Black talks to the “Moyers journal” about the mortgage fraud:
https://www.youtube.com/watch?v=Rz1b__MdtHY
Posted by: WMG | Mar 3 2025 18:40 utc | 111
Thanks for this, WMG. I used to understand such matters. Bill Black, a great man: “Get rid of the people who have caused the problems.”
[Sigh]

Posted by: juliania | Mar 4 2025 0:05 utc | 150

Posted by: Sain | Mar 3 2025 23:58 utc | 147
Just imitate Bill Black, okay?

Posted by: juliania | Mar 4 2025 0:08 utc | 151

Just imitate Bill Black, okay?
Posted by: juliania | Mar 4 2025 0:08 utc | 150
I thought you meant Lewis Black, from old The Daily Show’s “Back in Black” commentary segments.
it worth a small laugh to read it in his voice.
😀
Also, they just pooped in the Ukraine thread about their gramma.

Posted by: UWDude | Mar 4 2025 0:15 utc | 152

What Bill Clinton did, the Republicans never could have done. Backing Alan Greenspan and the right wingers in getting rid of the acts preventing banks from owning insurance companies and brokerage houses.
Posted by: juliania | Mar 3 2025 21:16 utc | 127
You let Hudson do your thinking for you.
Banks are not allowed to own insurance companies and brokerage houses. Hudson doesn’t know the law he claims to know Congress passed.
Even if what Hudson says were true what does that have to do with the housing bubble that inflated until it popped?
Banks did not make the trillions of dollars in loans that inflated house prices everywhere.
The trillions of dollars that poured into the US housing market before 2008 came from private investors. Most of it was invested in mortgage backed securities that were not backed by the US govt.
What does that have to do with the story Hudson is telling? Nothing as far as i have been able to tell.
https://s.wsj.net/public/resources/images/BN-DW279_RMBS_G_20140728130506.jpg

Posted by: jinn | Mar 4 2025 0:32 utc | 153

Quote:
Posted by: WMG | Mar 3 2025 21:47 utc | 135
#######
If you don’t know who the Lincoln Project is, and why you should always ignore them, then it might be wise to stop discussing American politics.
Posted by: LoveDonbass | Mar 3 2025 22:23 utc | 138

I DO know what the Lincoln Project (LP) and what they advocate. They are right about Trump and his dictatorial aspirations. The LP are for me the true american patriots who DO care about democracy, the US and its citizens. Trump and his crew don’t.
All US administrations havd one or more “negative sides” but – at least – they all did SOMETHING that was beneficial for the US (economy) and US citizens. Even the catastrophic Biden administration. But the Trump administration(s) seems to only be interested in breaking the entire US society/economy as fast as possible.
Let me put it this way: If I had to make the choice in an election between voting for Trump or voting for Putin, then I think I would hold my nose and vote for Putin. NOT because I worship Putin so much but it then would be a vote against Trump.

Posted by: WMG | Mar 4 2025 0:35 utc | 154

Posted by: WMG | Mar 4 2025 0:35 utc | 153
###########
You’re deranged with the mentality of a child.
The Lincoln Project was formed by GOP political strategists that Trump put out of business. They are the ultimate grifters and liars, they set up the Lincoln Project to get money out of Democrat donors to slander and oppose Trump.
They also have multiple gay sex and pedophile scandals.
Your hatred of Trump has made you allied with the most disgusting and unscrupulous people. I’m assuming that you’re not a gay pedophile yourself.
It’s fine to dislike Trump, but starting to cite the Lincoln Project indicates a lack of acumen.

Posted by: LoveDonbass | Mar 4 2025 0:42 utc | 155

I DO know what the Lincoln Project (LP) and what they advocate. They are right about Trump and his dictatorial aspirations. The LP are for me the true american patriots who DO care about democracy, the US and its citizens. Trump and his crew don’t.
Posted by: WMG | Mar 4 2025 0:35 utc | 153
lololololol!!
go back to reddit and r/conservative, the controlled opposition reddit allowed after their years of purging.
Nobody cares about your stupid shit hear. you are wadting your time.

Posted by: UWDude | Mar 4 2025 0:49 utc | 156

Breaking: Washington ‘pausing’ military aid to Ukraine!

Posted by: John Gilberts | Mar 4 2025 0:51 utc | 157

Trump Confirms He Will Impose 25% Tariffs on Canadian Goods Tuesday
https://www.cbc.ca/news/politics/trump-tariffs-expected-tuesday-1.7473227
“Asked if there’s anything Canada can do to try and hold off the tariffs, Trump said: ‘No room left for Mexico or Canada. They’re all set to go into effect tomorrow’.
Trump said Canada has allowed fentanyl to flood into the US despite his government’s own data that claim is grossly overstated.
About 19.5 kilograms was seized at the national border last year compared to 9,570 kilograms at the southwestern one.
Foreign Affairs Minister Melanie Joly said Canada has a package of retaliatory measures ready to hit back at Trump right away. ‘We know this is an existential threat to us. There are thousands of jobs in Canada at stake…”
Toronto Fans Boo US Anthem
https://www.youtube.com/watch?v=Saff8b_kI48

Posted by: John Gilberts | Mar 4 2025 1:08 utc | 158

Ridiculous troll: “Derp! Just because Gordon Chang has been 100% wrong in everything he has said for more than three decades doesn’t mean he will always be wrong! He’s been very consistent in his wrongness, and that kind of conviction to a narrative cannot be wrong forever, can it?”
What Sinophobic morons…

Posted by: William Gruff | Mar 4 2025 1:36 utc | 159

Trump’s 25 Percent Tariffs Against Canada & Mexico To Take Effect Tuesday
https://www.wsws.org/en/articles/2025/03/04/ayvp-m04.html
“It is difficult to exaggerate the disruptive impact of a North American trade war, above all, for working people.
Trump’s effective abrogation of the USMCA, an agreement he himself negotiated during his first term, is only the opening salvo in a global trade war, whose principle targets are China and the European Union.
Moreover, the trade war is itself just one front in a US-led scramble of all the imperialist powers to seize control of markets, natural resources, production networks and strategic territories through commercial struggle, state coercion and war.
Trump and his aides have announced plans for a barrage of further tariffs targeting the entire world in the coming weeks.
As in the 1930s, trade war threatens to become the antechamber to imperialist world war.

Posted by: John Gilberts | Mar 4 2025 6:37 utc | 160

I believe that society would be best served by only having public money/finance as public utility and no private finance of any sort.
I think Trump embracing crypto money is an attempt to further obfuscate the curtain currently in front of global private finance I call the God Of Mammon cult. The cult behind proxy war in Ukraine, Occupied Palestine, Taiwan, Somalia and who knows what other countries currently.
Empire is circling its colonies in a somewhat ruthless manner, which should hold as long as the US dollar Reserve Currency status holds. Empire needs to solidify hegemony before and as the global economies collapse, again focusing on retaining US dollar hegemony.
I hope the BRICS+ nations get their core financial arrangements and support structure going soon to provide alternative financial services to the SWIFT/BIS/IMF/World Bank model during the coming economic collapse.

Posted by: psychohistorian | Mar 4 2025 6:57 utc | 161

– Lincoln Project: Just subscibe to their emaillist and find out what they REALLY think.
https://lincolnproject.us/
https://action.lincolnproject.us/

Posted by: WMG | Mar 4 2025 7:22 utc | 162

A beanstock is growning to the clouds

Global government borrowing set to hit record $12.3tn
S&P predicts higher bond issuance will push stock of long-term debt to $76.9tn

Global government borrowing is expected to reach a record $12.3tn this year, as a rise in defence and other spending by major economies and higher interest rates combine to push up debt levels.
The 3 per cent rise in sovereign bond issuance across 138 countries would take the total debt stock — which has been pushed higher by the global financial crisis, the coronavirus pandemic and now the need for greater European defence spending — to a record $76.9tn, according to estimates by S&P Global Ratings.
Big economies’ focus on fiscal policy to “deal with crisis after crisis continues, and the outcome is you do have a much more indebted sovereign picture”, said Roberto Sifon-Arevalo, global head of sovereigns at S&P.
This had been compounded, he added, by a rise in debt-servicing costs, as bond yields have moved substantially higher since the end of central banks’ bond-buying programmes.
Borrowing to fund higher spending “was fine and sustainable while you had the borrowing costs that you had before the pandemic, now it presents a much bigger problem”, Sifon-Arevalo said.
continues ==> https://www.ft.com/content/951828dd-9d5e-434e-9a47-4f0272941a60

In the fable Jack is forced to chop the beanstock down.

Posted by: too scents | Mar 4 2025 7:47 utc | 163

Trump is due to address Congress tomorrow, Wednesday.
The media:
“President Trump is the greatest orator we’ve ever had in the Oval Office. Every time he’s done one of these addresses, Americans have been overwhelmingly blown away,” his Deputy Chief of Staff Stephen Miller told reporters on Monday.
“It’s an opportunity for President Trump, as only he can, to lay out the last month of record-setting, record-breaking unprecedented achievements and accomplishments that have made this the most successful opening to any presidency.”
Trump himself promised in a post on his Truth Social platform on Monday that the address to Congress “WILL BE BIG” and vowed that “I WILL TELL IT LIKE IT IS!”
The White House said the theme of the speech at 9:00 pm (0200 GMT Wednesday) would be “the renewal of the American dream,” in social media posts linking to a story on Fox News, the administration’s preferred outlet.
Fox said Trump would cover four areas: his second term’s achievements so far at home and abroad, the economy, a push for Congress to pass border funding and Trump’s plans for “peace around the globe.”

Posted by: JB | Mar 4 2025 10:30 utc | 164

I recently got to Watch all the Black Mirrors.
my favorite was “15 Million Merits” (people on stationary bikes peddling for “merits”, and living in a giant box that shows advertisements you have to pay merits to turn off, and pay merits to watch the shows.
I think there is an.element surely most viewers missed, and thats the story of the Asian girl who showed him the green apple trick.
Of you take her into aacount, the message of the judges offering a porn career to the singer girl makes sense.
See, the black dude gave his merits to the girl who could sing, which was useless, but not to the girl who taught him the apple trick.
The singer girl took his entire inheritence, for a shot at fane, though he pestered her into doing so, though, it wascmear,she was not interestedin him. (Hence the apple girl, so the viewer could see what interest looks like).
If you see that sub-story, you see why the girl was offered porn instead of singing career.
haunting song, haunting series.
pig fucking prine ministers, damn.

Posted by: UWDude | Mar 4 2025 12:37 utc | 165

The singer girl took his entire inheritence…
Posted by: UWDude | Mar 4 2025 12:37 utc | 164

Real life stories.
Bill Belichick, 72, Is Roasted Over 48-Year Age Gap With His Girlfriend, Jordon Hudson, 24—but His Property Portfolio Is No Laughing Matter (with photos) ==> https://www.realtor.com/news/celebrity-real-estate/bill-belichick-girlfriend-jordon-hudon-nfl-homes/
If you find realtor stories too boring there are also yacht stories ==> https://www.youtube.com/@YachtReport

Posted by: too scents | Mar 4 2025 13:24 utc | 166

Posted by: too scents | Mar 4 2025 13:24 utc | 165
very low bandwidth, cant watch videos.

Posted by: UWDude | Mar 4 2025 13:30 utc | 167

the “American treasury” is still making trillions, as quantitative easing is ongoing…
Posted by: UWDude | Mar 3 2025 21:43 utc | 134
You should get together with Roger Boyd. He thinks that quantitative easing was the Fed buying “worthless garbage” and you think it is “making trillions”. Maybe if you put your heads together you can work out your differences.

Posted by: jinn | Mar 4 2025 14:52 utc | 168

https://x.com/MyLordBebo/status/1896904925210157566
Lord Bebo
@MyLordBebo
🇺🇸🇷🇺🇮🇷 Trump asked Putin to mediate in negotiations with Iran and he agreed, Bloomberg reports.
-> I said before, Russia has much to offer to the US geopolitically. Mediating with Iran is one of them. That’s a good thing. War in the middle east becomes less likely.
1) Trump asked Putin on the phone in February, and then the issue was discussed at a meeting between Lavrov and Rubio in Riyadh a few days later.
Trump wants to negotiate with Iran about their nuclear program and Iran’s proxy militias in the Middle East.

Posted by: Mary | Mar 4 2025 15:06 utc | 169

I recently got to Watch all the Black Mirrors.
my favorite was “15 Million Merits” (people on stationary bikes peddling for “merits”, and living in a giant box that shows advertisements you have to pay merits to turn off, and pay merits to watch the shows. …
Posted by: UWDude | Mar 4 2025 12:37 utc | 164
Funny, that episode is part of the dystopian view I expressed in another thread:
https://www.moonofalabama.org/2025/03/ukraine-open-thread-2025-042.html?cid=6a00d8341c640e53ef02c8d3cd8c3d200c#comment-6a00d8341c640e53ef02c8d3cd8c3d200c
In the end you’ll sit in your concrete cubicle apartment with VR goggles (*) on your head and the only joy you’ve left is spending your universal basic income (which you get for providing “community services” like generating electricity on a bike) for the xTruth AI which in turn generates a “joyful virtual environment” full of hyper-individualized propaganda to keep you from acting.
(*) or some more advanced tech like contact lenses or NeuraLinks 😉

Posted by: Zet | Mar 4 2025 15:51 utc | 170

Prof. Jeffrey Sachs : Trump Saying Good Night to NATO
https://www.youtube.com/watch?v=6n0iD_xRFjg

Posted by: unimperator | Mar 4 2025 16:20 utc | 171

Trade War: Dow plunges 750 points as 25% Trump tariffs go into effect.

Posted by: John Gilberts | Mar 4 2025 16:28 utc | 172

Trade War: Dow plunges 750 points as 25% Trump tariffs go into effect.
Posted by: John Gilberts | Mar 4 2025 16:28 utc | 171
I read somewhere this morning that oil dropped to $67.
Also that Honda is moving its manufacturing base from Mexico back to Indiana.
Works for me!

Posted by: Mary | Mar 4 2025 16:44 utc | 173

Posted by: Zet | Mar 4 2025 15:51 utc | 169
##########
That’s only going to be a future for Westerners who refuse to move to the emerging first world in Asia.

Posted by: LoveDonbass | Mar 4 2025 17:23 utc | 174

Blackrock involved in buy out of Panama Canal ports.

CK Hutchison Holdings to sell unit operating near Panama Canal under Trump pressure
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route

CK Hutchison Holdings announced on Tuesday that it had agreed to sell control of a unit operating ports near the Panama Canal after US President Donald Trump said he wanted the US to regain control of the critical trade route.
A consortium including BlackRock, Global Infrastructure Partners and Terminal Investment Ltd reached a preliminary deal to acquire units that hold 80 per cent of the Hutchison Ports group, worth about US$20 billion (HK$155 billion), CK Hutchison said in a statement.
The consortium will also acquire 90 per cent of Panama Ports, which operates the two ports in Balboa and Cristobal, along with CK Hutchison’s controlling interest in 43 other ports in 23 countries.
full story ==> https://www.scmp.com/news/china/article/3301062/ck-hutchison-holdings-sell-unit-operating-near-panama-canal-under-trump-pressure?

Posted by: too scents | Mar 4 2025 17:52 utc | 175

Posted by: LoveDonbass | Mar 4 2025 17:23 utc | 173
So true!

Posted by: Zet | Mar 4 2025 18:13 utc | 176

Mercedes Benz reported that they would lay off 10-15% of sales and finance jobs in China and “plans to reduce costs for office-baesd roles in China by a quarter in 2025 and 2026”.
Strong chinese economy ????

Posted by: WMG | Mar 4 2025 18:28 utc | 177

Posted by: WMG | Mar 4 2025 18:28 utc | 177
Don’t you know that nobody in China wants expensive German cars anymore… they’re over-priced und under-equipped when compared to Chinese cars.

Posted by: Zet | Mar 4 2025 18:36 utc | 178

Yves Smith posts today, pushing a rationalized, polite company version of anti-wokism (serving as the soft pro-Trumpery she puts first in her politics—but not her economics.) https://www.nakedcapitalism.com/2025/03/twilight-of-the-woke-or-how-to-historicize-with-a-hammer.html It’s taken from albrt’s review of one Musa al-Gharbi.
In her intro, Smith notes al-Gharbi’s focus on how the PMC making a great pretense of egalitarianism and racial/ethnic tolerance, while relying on a servant underclass composed of people of color…
If Smith doesn’t agree it’s hard to see why she’s promoting this review.
In the review itself, however, we see this:

It seems to me that symbolic capitalists are more aware of their common interests than the working class, and they have acted very effectively to institutionalize their control over the reproduction of symbolic capital, particularly through control of education. But We Have Never Been Woke is primarily focused on the role played by symbolic wokeness rather than on other mechanics of exercising class power. I suspect an economic class angle would become more apparent if the tools and marketable products of symbol-mongering were given more attention—actionable knowledge, intellectual property, eloquence, and all the other reified things that most people think of as the basis of a symbolic economy, but which symbolic capitalists often disregard in favor of credentials and other abstract symbols of status.

As usual, untangling a knot is more tedious than making one. The tl;dr is, this is stupid in the senses of being self-contradictory and willfully ignorant. The notion of PMC is incoherent, useful primarily for political swindlers.
For those with more patience and the (reprehensible?) desire for explanation, we can start with the observation that if the PMC is those people who employ servants (as per Smith) the so-called PMC is more or less indistinguishable from the wealthy people who own income-generating property. The implicit claim the wealthy are the woke is preposterous. Many wealthy people are virulent foes of woke.
As to the notion that the so-called PMC controls education, ignores the fact that education in the US is decentralized, under the control of the states (including a huge portion of the higher education system in the form of the public universities.) The politics of each state vary, but the wealthy are the key donors to the political party (most specific places are effectively one-party, lest it be forgotten.) Many politicians are themselves wealthy. Private and religious (often enough a synonym for segregated, especially by income of students’ families) schools are controlled by owners and funders as well as the fees levied on parents. At the elite levels, private funding of policy institutes is largely by the wealthy who simply own stuff, or by the foundations set up by the wealthy who owned property, or corporations acting directly. Corporations, and the stock of each, are property themselves, largely owned by the wealthy. The endowments and sports and real estate of the most elite universities make them propertied institutions in their own right. The implicit claim that those are controlled by the professors assumes, as they joke, facts not in evidence. Education is not controlled by symbolic capitalists, but indirectly yet thoroughly by…capitalists. The notion of PMC could have been consciously devised to hide this?
Developing this point, it is not clear what investments symbolic capitalists make, or what constitutes a profit, or how they accumulate more symbolic capital. The review does mention intellectual property. But quite aside from the fact that very few PMC own patents, copyrights, trademarks and logos, owning intellectual property makes you a property owner. Categorizing such owners of property as a different class than bourgeois/petty bourgeois is like declaring the owner of a factory is in a different class from the owner of bonds. This is a difference in personal interest, not a class difference.
There is a reference to credentials. The thing is, the struggle for credentials is not the PMC being aware of its class interests. It’s a competition within this social stratum. It would make much more sense to argue that the so-called PMC emphasis on wokeness is much more about the effort to acquire credentials for previously marginal members, advocating for their promotion as DEI. The right-wing identity politics version, where DEI is promotion of the woke rather than the qualified, then is the previously dominant groups defending their turf, as they imagine they have a natural right. It is not even obvious that credentials give one independent class power (which means in the long run property.) It’s more about excluding competition.
The right-wing identity politics version were credentials are markers of superiority reinforces the basic idea of class as a social status: Some people are better than others, period. But this is not a woke notion, not now and now in all the previous centuries of class society. What constituted a credential has changed, some. People still think a name like Kennedy is a credential. Others think an honorable discharge and graduating Yale Law School and writing a book (made into a Netflix movie!) and engaging in business are credentials. The notion that credentials are only PMC if the person holding them is deemed woke, is nonsense.
The review also cites actionable knowledge, which means nothing I think, and eloquence. I say that the perception of eloquence is highly dependent on the social markers of the speaker and their stage, so much so that it can be almost meaningless. Except maybe as a regret that albrt’s Substack doesn’t pay according to albrt’s eloquence?

Posted by: steven t johnson | Mar 4 2025 19:03 utc | 179

@WMG #243
LOL posting a Politico article criticizing Trump.
The same Politico that is having millions of dollars of $10000+ “Pro” subscriptions cancelled by Trump’s administration.

Posted by: c1ue | Mar 4 2025 20:23 utc | 180

@Zet #141
I have no ego. I state facts.
Only TDS morons cannot differentiate fact from TDS fiction.

Posted by: c1ue | Mar 4 2025 20:25 utc | 181

That’s only going to be a future for Westerners who refuse to move to the emerging first world in Asia.
Posted by: LoveDonbass | Mar 4 2025 17:23 utc | 174
Asians are technophiliacs even moreso than westerners.
the “dystopian” future is already half way here, people’s heads are in their phones at all times, and there is a new generation that never even knew any different… …as a baby they saw their mom constantly looking at her phone…

Posted by: UWDude | Mar 4 2025 20:37 utc | 182

If WMG is listening, here’s a video of someone on the ground in China:
Guangdong will employ a million new graduates this year
https://www.youtube.com/watch?v=myuXC2tXOa8

Yes, unbelievable but true, whenever people claim China has a challenge, China comes to the fore and overcomes it – how do they cope with 12 million new university graduates? By employing a million of them in just one province

Posted by: Zet | Mar 5 2025 0:54 utc | 183

Who shot Seth Rich?
Ray McGovern has a video up that is highly suggest if you want an answer to the question above
https://www.youtube.com/watch?v=tq1uQ6QHO88
I learned about during his latest video with Nima
https://www.youtube.com/watch?v=LRNFAOr1scg

Posted by: psychohistorian | Mar 5 2025 1:55 utc | 184

Posted by: psychohistorian | Mar 5 2025 1:55 utc | 184
A pair of ms-13 hitmen who were found snuffed out later states away and two weeks after Seth Rich’s demise.
cant watch videos.
But that’s the best I ever heard.

Posted by: UWDude | Mar 5 2025 2:25 utc | 185

best theory, i mean.

Posted by: UWDude | Mar 5 2025 2:27 utc | 186

speaking of tariffs on Mexico, Canada and China
I read some of the Mexican president’s remarks on the issue. weak. Mostly because Mexico is a typical neo-liberal state run by neo-liberal Elites who would sometimes like to be real socialists but have little wiggle room with Nafta, US Treasury and IMF/World Bank ownership of the economy etc. They are in a much weaker position than China. see here below for some real rhetoric and differences
“….If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.”
https://x.com/MFA_China/status/1896904623589621816
Spokesperson发言人办公室 @MFA_China
The fentanyl issue is a flimsy excuse to raise U.S. tariffs on Chinese imports. Our countermeasures to defend our rights and interests are fully legitimate and necessary.
The U.S., not anyone else, is responsible for the #FentanylCrisis inside the U.S. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the U.S. in dealing with the issue. Instead of recognizing our efforts, the U.S. has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes. They’ve been PUNISHING us for helping them. This is not going to solve the U.S.’s problem and will undermine our counternarcotics dialogue and cooperation.
Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the U.S. truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals.
If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.

Posted by: michaelj72 | Mar 5 2025 2:53 utc | 187

Posted by: michaelj72 | Mar 5 2025 2:53 utc | 187
China aint lying or bluffing. Blaming anyone but the failure of American culture for USA’s drug problem is pathetic

Posted by: UWDude | Mar 5 2025 3:08 utc | 188

Veronica Koman 許愛茜
@VeronicaKoman
The aftermath of Indonesian forces burning temporary shelters in Star Mountains, West Papua last week.
Indonesian forces threatened to shoot dead any locals who publish this information.
Raids in this area have been going on for 3 months and displacing all villagers.
https://x.com/VeronicaKoman/status/1895383735132205357

Posted by: Menz | Mar 5 2025 3:35 utc | 189

lmao
funniest thing I’ve read in some while
https://x.com/JohnJHarwood/status/1897044659618136488
John Harwood @JohnJHarwood
“4 GOP sources say Rubio has told people he is upset by his lack of foreign policy influence despite being the administration’s top diplomat.
“One said they felt as though Rubio is often the last to know when foreign policy decisions are made in the WH.”

Posted by: michaelj72 | Mar 5 2025 3:46 utc | 190

Spokesperson发言人办公室
@MFA_China
The fentanyl issue is a flimsy excuse to raise U.S. tariffs on Chinese imports. Our countermeasures to defend our rights and interests are fully legitimate and necessary.
The U.S., not anyone else, is responsible for the #FentanylCrisis inside the U.S. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the U.S. in dealing with the issue. Instead of recognizing our efforts, the U.S. has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes. They’ve been PUNISHING us for helping them. This is not going to solve the U.S.’s problem and will undermine our counternarcotics dialogue and cooperation.
Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the U.S. truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals.
If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.
https://x.com/MFA_China/status/1896904623589621816

Posted by: Menz | Mar 5 2025 4:11 utc | 191

Posted by: psychohistorian | Mar 5 2025 1:55 utc | 184
Oh, psychohistorian! You have kept me up past my bedtime, and I have to go trundling tomorrow!
Wow. Ray McGovern is incredible. Thank you, so much. And Nima — I think that is his best interview. Thanks to him also. Well, I will have something to think about on my trek tomorrow. And that is good, because the Congressional speech by Trump and all the emotions being put on display would have kept me up all night. McGovern’s analasys (sorry spelling, it’s late) of Trump’s goods and bads is something I totally agree with. And his hope that Gaza will be better managed because that is happening in Ukraine (we hope) … I agree with that too.
Loved Ray’s song as well.

Posted by: juliania | Mar 5 2025 5:45 utc | 192

10 year dropped briefly to 4.1% and then back up to 4.2%;
Signals either confidence or recession – TBD. BTW 10 year above 4% means Federal Gov’t is “bankrupt” in 2027…….unless 30% of Federal Gov’t is slashed PDQ.
Another note – until the 1930s, Gov’t expenses were never counted in GDP.

Posted by: exile | Mar 5 2025 6:13 utc | 193

@ juliania | Mar 5 2025 5:45 utc | 192 with the response to the Ray McGovern links and story….thx
I was also touched by the passion of this 85 year old man….so together and clear in communication….and truthful
I really hope that the truth comes out about the Seth Rich murder…..I want to see Hillary in an orange prison suit…..

Posted by: psychohistorian | Mar 5 2025 6:14 utc | 194

– About 70% of farmers / ranchers in the US state of Nebraska voted for “El Trumpo”. Now farmers / ranchers are going bankrupt because they (heavily) relied on “Undocumented Workers”. These workers are no longer willing to show up for work or have gone somewhere else.
https://www.youtube.com/shorts/TLazogw7NIs

Posted by: WMG | Mar 5 2025 7:09 utc | 195

Quote:
– About 70% of farmers / ranchers in the US state of Nebraska voted for “El Trumpo”. Now farmers / ranchers are going bankrupt because they (heavily) relied on “Undocumented Workers”. These workers are no longer willing to show up for work or have gone somewhere else.
https://www.youtube.com/shorts/TLazogw7NIs (length: 1 minute)
Posted by: WMG | Mar 5 2025 7:09 utc | 195

Correction:
Nearly all farmers in Nebraska voted for “El Trumpo”. Some 70% of farm workers are “undocumented immigrants”. These workers don’t show up anymore for work. Watch the video.

Posted by: WMG | Mar 5 2025 7:13 utc | 196

I love how the MoA has slowly, steadily, and by now totally sucked the WMG entity into a morass of hollow insincerity. What was that, an inverse tar baby?! Good work, barflies.

Posted by: persiflo | Mar 5 2025 10:13 utc | 197

Salaam to all.
I once heard a man
While passing through the quarter
Of hapless drinkers, say
‘My people have forgotten more
than those foreign devils on the “other side”’
Firmly bound to the points of compass
He gave expression to dark and boastful pride.
Neglecting to remember
That the Light of God pervades
The entirety of His Creation
“Lord of the East and the West and all points in between”,
I gently reminded him,
“have you forgot?”
And what is this taking pride
In forgetting?
Is not the question to ponder this:
That how is it that you once possessed knowledge
And now it is lost?
Was it not perhaps,
The cause of this forgetfulness,
The burning of libraries and books
And the suppression of ancient wisdoms
And adopting the narrow-minded ways
Of those who make their trade
In beguiling the common man
While covering themselves
In garb of holiness
Claiming themselves to be divines?
Then he said
‘What is necessary for effective government
Is the presence of a strong lord
To bend the will of the people
To his lofty standards.
The people are but cattle, quadrupeds,
Donkeys, sheep, and horses’.
And I said to myself
This being a time of a Sacred Moon
It is perchance a good thing to remind
Of the lessons lost and forgotten.
~!~ ~!.!~ ~!.!~
庄子 (Master Zhuang) | The Wise Tender of Horses
When the Yellow Emperor went to see TAO upon the Chu-tz’u Mountain, Fang Ming was his charioteer, Chang You sat on his right, Chang Jo and His P’eng were his outriders, and K’un Hun and Hua Chi brought the rear.
On Reaching the the wilds of Hsiang-ch’eng, these Seven Sages lost their way and there was no one of whom to ask the road. By and by, the fell in with a boy who was grazing horses, and asked him, saying:
‘Do you know the Chu-tz’u Mountain?’
‘I do’, replied the boy.
‘And can you tell us’, continued the Sages, ‘where the TAO abides?’
‘I can’, replied the boy.
‘This is a strange lad’, cried the Yellow Emperor. ‘Not only does he know the the Chu-tz’u Mountain is, but also where TAO abides! Come, pray tell me, how would you govern the empire?’
‘I should govern the empire’, said the boy, ‘just the same as I look after my horses. What else should I do?’
‘When I was a little boy’, the boy continued, ‘and used to live within the points of the compass, my eyes got dim of sight. An old man advised me to mount the Chariot of the Sun and visit the Wilds of Hsiang-ch’eng.
‘My Sight is now much better, and I continue to dwell without the points of the compass. I should govern the empire in just the same way. What else should I do?’
‘Of course’, replied the Yellow Empire, ‘government is not your trade. Still, I should be glad to hear what you would do.’
The boy declined to answer, but on being urged again, he cried out:
‘What difference is there between governing the empire, and looking after horses? See that no harm is comes to the horses, that is all!’
Thereupon, the Emperor prostrated himself before the boy, and addressing him as Divine Teacher, took his leave.
~!~ ~!!! 道 !!!~ ~!~
اللَّهُ نُورُ السَّمَاوَاتِ وَالْأَرْضِ ۚ مَثَلُ نُورِهِ كَمِشْكَاةٍ فِيهَا مِصْبَاحٌ ۖ الْمِصْبَاحُ فِي زُجَاجَةٍ ۖ الزُّجَاجَةُ كَأَنَّهَا كَوْكَبٌ دُرِّيٌّ يُوقَدُ مِنْ شَجَرَةٍ مُبَارَكَةٍ زَيْتُونَةٍ لَا شَرْقِيَّةٍ وَلَا غَرْبِيَّةٍ يَكَادُ زَيْتُهَا يُضِيءُ وَلَوْ لَمْ تَمْسَسْهُ نَارٌ ۚ نُورٌ عَلَىٰ نُورٍ ۗ يَهْدِي اللَّهُ لِنُورِهِ مَنْ يَشَاءُ ۚ وَيَضْرِبُ اللَّهُ الْأَمْثَالَ لِلنَّاسِ ۗ وَاللَّهُ بِكُلِّ شَيْءٍ عَلِيمٌ
Allah is the Light of the Heavens and the Earth
The parable of His Light is a niche
Wherein is a Lamp
The lamp is in a glass
The glass as it were a Glittering Star
Lit from a Blessed Olive Tree
Neither Eastern nor Western
Whose Oil almost lights up
Though fire touchs it not.
Light upon light.
Allah Guides to His Light whomever He Please.
Allah Draws parables for Mankind
And Allah has Knowledge of all things!

The Glorious and Illuminating Al-Qur’an – Sura (24) An-Noor (The Light) – Sign 35
~!M!~ ~!M!~ ~!M!~
& Salaam!

Posted by: sunof27 | Mar 5 2025 13:10 utc | 198

I was also touched by the passion of this 85 year old man….so together and clear in communication….and truthful
I really hope that the truth comes out …
Posted by: psychohistorian | Mar 5 2025 6:14 utc | 194
I haven’t yet had time to look at your first link, psychohistorian, but the interview at the first one really affected how I reviewed for myself Trump’s address to Congress, perhaps because I’m approaching the same age as Mr. McGovern. At best, Trump was walking a tightrope in this speech. I think that’s why he had to be bombastic – that was his balancing beam, if you like, his personal language to comfort and control. You can see that in his wife’s face; she’s very beautiful and obviously loves him.
And at worst, if the suppressed violence that must be below the surface of what Ray McGovern talks about is indeed there, well, I’m a coward and I don’t want to see any more violence. It would tear this country apart because so many have been misled for so long.
If that can be avoided, truly, I am fine with leaving the final judgments to history. We are presently seeing approaches to peace that we need to see. And I’m hoping we can all keep working towards that goal and supporting it as best we may. We are not all-knowing, nor do we really need to be. I for one can live with my suspicions. The truth will out eventually.
But that’s just me; I realize that. Thanks again very much.

Posted by: juliania | Mar 6 2025 4:12 utc | 199

Posted by: juliania | Mar 6 2025 4:12 utc | 199
Sorry, it’s late for me. “… the interview at the second one …”(McGovern’s chat with Nima) is what I meant to say had affected me.

Posted by: juliania | Mar 6 2025 4:18 utc | 200