Today’s News 14th September 2023

  • Where Is Rugby Popular?
    Where Is Rugby Popular?

    The 10th mens Rugby World Cup has kicked off in France and is running until October 28.

    A total of 48 games will take place over seven weeks in nine venues across the country, with the final match in the Stade de France, north of Paris.

    To mark the occasion,Statista’s Anna Fleck created the following chart taking a look at how the sport’s fanbase compares across six of the competing nations.

    Infographic: Where is Rugby Popular? | Statista

    You will find more infographics at Statista

    According to the latest wave of Statista’s Consumer Insights survey, 33 percent of sports fans in France follow rugby competitions and/or teams.

    This figure is fairly similar to that of Australia (34 percent), but significantly higher than in the UK (25 percent).

    Among the nations analyzed, rugby is most popular among South Africans, with 51 percent of respondents saying they watched it.

    No data was available for New Zealand and Ireland… but we suspect it was even higher.

    Tyler Durden
    Thu, 09/14/2023 – 02:45

  • Ukraine Plays Key Role In Biden Impeachment Inquiry, Just As It Did With Trump
    Ukraine Plays Key Role In Biden Impeachment Inquiry, Just As It Did With Trump

    Authored by Petr Svab via The Epoch Times (emphasis ours),

    Both the newly announced impeachment of President Joe Biden and that of President Donald Trump center on the same incident in Ukraine, but from different sides.

    Then Vice President Joe Biden arrives for a meeting with Then Ukrainian President Petro Poroshenko in Kyiv on Jan. 16, 2017. (Genya Savilov/AFP/Getty Images)

    The impeachment inquiry announced by House Republicans against President Joe Biden centers on his involvement with Ukraine, just as the Eastern European country figured prominently in the first impeachment of President Donald Trump. In fact, both impeachments touch upon the same incident, but from opposite sides.

    House Speaker Kevin McCarthy (R-Calif.) announced the impeachment inquiry on Sept. 12, summarizing the results of the investigations to date, including nearly $20 million in alleged payments from foreign sources to the Biden family and associates, the president’s past communications with his son Hunter Biden about his overseas business dealings, as well as whistleblower allegations that the Department of Justice extended special treatment to the Biden family.

    These are allegations of abuse of power, obstruction, and corruption and they warrant further investigation by the House of Representatives,” Mr. McCarthy said.

    The centerpiece of the allegations goes back to 2016, when then-Vice President Biden used a $1 billion loan guarantee as leverage to have Ukraine fire prosecutor Victor Shokin, who was investigating Ukrainian energy company Burisma. At the time, the vice president’s son Hunter Biden was collecting $1 million a year to sit on the company’s board and Burisma associates were pressuring him to ensure any investigations into the company’s owner were quashed.

    It was President Trump’s requesting assistance from Ukrainian President Volodymyr Zelenskyy in investigating this matter during a 2019 phone call that prompted House Democrats to launch an impeachment inquiry of him and later voting to impeach him. President Trump was acquitted by the GOP-led Senate at the time.

    Ukraine has long been a crucible of geopolitical tensions, culminating in Russia’s invasion of the country in 2022. Hunter Biden was given the Burisma position in 2014, three months after Vice President Biden was designated by President Barack Obama as “point-man” for Ukraine.

    Mr. Shokin was appointed Ukraine’s prosecutor general in February 2015 and later that year started preparing a money laundering case tied to Burisma.

    On Nov. 2, 2015, Hunter Biden received an email from Burisma owner Mykola Zlochevsky’s adviser, Vadym Pozharskyi, demanding “deliverables” and saying that the “ultimate purpose” was to “close down any cases or pursuits” against Zlochevsky.

    Several weeks later, Vice President Biden visited Ukraine and, among other things, demanded the removal of Mr. Shokin.

    President Donald Trump holds a copy of The Washington Post as he speaks in the East Room of the White House one day after the U.S. Senate acquitted on two articles of impeachment, on Feb. 6, 2020. (Drew Angerer/Getty Images)

    While there were some accusations that Mr. Shokin was corrupt, the U.S. government seemed satisfied with his performance.

    Just weeks before the vice president’s visit, a joint task force of U.S. State, Treasury, and Justice Department officials deemed Ukraine’s progress on anti-corruption sufficient to earn it another $1 billion loan guarantee.

    In addition, Victoria Nuland, then-assistant U.S. secretary of state, wrote to Mr. Shokin in June 2015 that “we have been impressed with the ambitious reform and anti-corruption agenda of your government.”

    When Ukraine’s then-President Petro Poroshenko didn’t initially act on Vice President Biden’s demand, the latter threatened to withhold the $1 billion loan guarantee. He later boasted about the incident during a 2018 Council on Foreign Relations event.

    On July 25, 2019, when President Trump called President Zelenskyy to congratulate him on winning a majority in the Ukrainian parliament, he mentioned that he would like Ukraine to examine the circumstances of Mr. Shokin’s firing and former Vice President Biden’s role in the matter. He said then-Attorney General Bill Barr would call to discuss the matter.

    “There’s a lot of talk about Biden’s son, that Biden stopped the prosecution and a lot of people want to find out about that so whatever you can do with the Attorney General would be great, Biden went around bragging that he stopped the prosecution so if you can look into it… It sounds horrible to me,” he said.

    Democrats interpreted it as President Trump’s abusing his power to have his political opponent investigated.

    President Trump has insisted the call was nothing wrong with the call and that Democrats were trying to cover up the Biden family’s corruption.

    Republicans now say there indeed was corruption worth investigating. In addition to the money Hunter Biden received in Ukraine, they also point to payments from Elena Baturina, the wife of a former mayor of Moscow, as well as money from companies linked to the Chinese Communist Party.

    They also capitalize on evidence that contradicts President Biden’s claims that he never discussed with his son his overseas business and that there was a “wall” between those business dealings and his official position.

    “Not only did they discuss business, they discussed strategy, they discussed when they were going to meet with these people, they discussed what the narrative was going to be, how they were going to lie to the American people when word got out that they were being investigated for corruption in Ukraine and being investigated for tax crimes and things like that,” Rep. James Comer (R-Ky.), who chairs the House Oversight committee, recently told Newsmax.

    There was never a wall between Joe Biden and his family’s shady business dealings, and I think what we’re going to find is that Joe Biden not only knew about them, but Joe Biden was the ringleader in all of the crimes that his family’s committed.”

    Mr. McCarthy put Mr. Comer in charge of the inquiry together with Rep. Jim Jordan (R-Ohio), head of the House Judiciary Committee, and Rep. Jason Smith (R-Mo.), head of the House Ways and Means Committee.

    “Regardless of your party or who you voted for, these facts should concern all Americans,” Mr. McCarthy said.

    Hunter Biden walks to a waiting SUV after arriving with President Joe Biden on Marine One at Fort McNair in Washington, D.C., July 4, 2023, as they return to Washington after spending the weekend at Camp David, the presidential retreat in Maryland. (Saul Loeb/AFP/Getty Images)

    Tyler Durden
    Thu, 09/14/2023 – 02:00

  • Death By A Thousand Cuts: The Many Ways Our Rights Have Been Usurped Since 9/11
    Death By A Thousand Cuts: The Many Ways Our Rights Have Been Usurped Since 9/11

    Authored by John & Nisha Whitehead via The Rutherford Institute,

    “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.”

    – Abraham Lincoln

    Those who gave us the Constitution and the Bill of Rights believed that the government exists at the behest of its citizens. It is there to protect, defend and even enhance our freedoms, not violate them.

    Unfortunately, although the Bill of Rights was adopted as a means of protecting the people against government tyranny, in America today, the government does whatever it wants, freedom be damned.

    In the 22 years since the USA Patriot Act—a massive 342-page wish list of expanded powers for the FBI and CIA—was rammed through Congress in the wake of the so-called 9/11 terror attacks, it has snowballed into the eradication of every vital safeguard against government overreach, corruption and abuse.

    The Patriot Act drove a stake through the heart of the Bill of Rights, violating at least six of the ten original amendments—the First, Fourth, Fifth, Sixth, Seventh and Eighth Amendments—and possibly the Thirteenth and Fourteenth Amendments, as well.

    The Patriot Act also redefined terrorism so broadly that many non-terrorist political activities such as protest marches, demonstrations and civil disobedience are now considered potential terrorist acts, thereby rendering anyone desiring to engage in protected First Amendment expressive activities as suspects of the surveillance state.

    The Patriot Act justified broader domestic surveillance, the logic being that if government agents knew more about each American, they could distinguish the terrorists from law-abiding citizens—no doubt a reflexive impulse shared by small-town police and federal agents alike.

    This, according to Washington Post reporter Robert O’Harrow, Jr., was a fantasy that “had been brewing in the law enforcement world for a long time.” And 9/11 provided the government with the perfect excuse for conducting far-reaching surveillance and collecting mountains of information on even the most law-abiding citizen.

    Federal agents and police officers are now authorized to conduct covert black bag “sneak-and-peak” searches of homes and offices while you are away and confiscate your personal property without first notifying you of their intent or their presence.

    The law also granted the FBI the right to come to your place of employment, demand your personal records and question your supervisors and fellow employees, all without notifying you; allowed the government access to your medical records, school records and practically every personal record about you; and allowed the government to secretly demand to see records of books or magazines you’ve checked out in any public library and Internet sites you’ve visited (at least 545 libraries received such demands in the first year following passage of the Patriot Act).

    In the name of fighting terrorism, government officials are now permitted to monitor religious and political institutions with no suspicion of criminal wrongdoing; prosecute librarians or keepers of any other records if they tell anyone that the government has subpoenaed information related to a terror investigation; monitor conversations between attorneys and clients; search and seize Americans’ papers and effects without showing probable cause; and jail Americans indefinitely without a trial, among other things.

    The federal government also made liberal use of its new powers, especially through the use (and abuse) of the nefarious national security letters, which allow the FBI to demand personal customer records from Internet Service Providers, financial institutions and credit companies at the mere say-so of the government agent in charge of a local FBI office and without prior court approval.

    In fact, since 9/11, we’ve been spied on by surveillance cameras, eavesdropped on by government agents, had our belongings searched, our phones tapped, our mail opened, our email monitored, our opinions questioned, our purchases scrutinized (under the USA Patriot Act, banks are required to analyze your transactions for any patterns that raise suspicion and to see if you are connected to any objectionable people), and our activities watched.

    We’re also being subjected to invasive patdowns and whole-body scans of our persons and seizures of our electronic devices in the nation’s airports. We can’t even purchase certain cold medicines at the pharmacy anymore without it being reported to the government and our names being placed on a watch list.

    In this way, “we the people” continue to be terrorized, traumatized, and tricked into a semi-permanent state of compliance by a government that cares nothing for our lives or our liberties.

    The bogeyman’s names and faces have changed over time (terrorism, the war on drugs, illegal immigration, a viral pandemic, and more to come), but the end result remains the same: in the so-called name of national security, the Constitution has been steadily chipped away at, undermined, eroded, whittled down, and generally discarded with the support of Congress, the White House, and the courts.

    A recitation of the Bill of Rights—set against a backdrop of government surveillance, militarized police, SWAT team raids, asset forfeiture, eminent domain, overcriminalization, armed surveillance drones, whole body scanners, stop and frisk searches, vaccine mandates, lockdowns, and the like (all sanctioned by Congress, the White House, and the courts)—would understandably sound more like a eulogy to freedoms lost than an affirmation of rights we truly possess.

    What we are left with today is but a shadow of the robust document adopted more than two centuries ago. Sadly, most of the damage has been inflicted upon the Bill of Rights.

    Here is what it means to live under the Constitution, with the nation still suffering blowback from the permanent state of emergency brought about by 9/11 and COVID-19.

    The First Amendment is supposed to protect the freedom to speak your mind, assemble and protest nonviolently without being bridled by the government. It also protects the freedom of the media, as well as the right to worship and pray without interference. In other words, Americans should not be silenced by the government. To the founders, all of America was a free speech zone.

    Despite the clear protections found in the First Amendment, the freedoms described therein are under constant assault. Increasingly, Americans are being persecuted for exercising their First Amendment rights and speaking out against government corruption. Activists are being arrested and charged for daring to film police officers engaged in harassment or abusive practices. Journalists are being prosecuted for reporting on whistleblowers. States are passing legislation to muzzle reporting on cruel and abusive corporate practices. Religious ministries are being fined for attempting to feed and house the homeless. Protesters are being tear-gassed, beaten, arrested and forced into “free speech zones.” And under the guise of “government speech,” the courts have reasoned that the government can discriminate freely against any First Amendment activity that takes place within a so-called government forum.

    The Second Amendment was intended to guarantee “the right of the people to keep and bear arms.” Essentially, this amendment was intended to give the citizenry the means to resist tyrannical government. Yet while gun ownership has been recognized by the U.S. Supreme Court as an individual citizen right, Americans remain powerless to defend themselves against red flag gun laws, militarized police, SWAT team raids, and government agencies armed to the teeth with military weapons better suited to the battlefield.

    The Third Amendment reinforces the principle that civilian-elected officials are superior to the military by prohibiting the military from entering any citizen’s home without “the consent of the owner.” With the police increasingly training like the military, acting like the military, and posing as military forces—complete with heavily armed SWAT teams, military weapons, assault vehicles, etc.—it is clear that we now have what the founders feared most—a standing army on American soil.

    The Fourth Amendment prohibits government agents from conducting surveillance on you or touching you or encroaching on your private property unless they have evidence that you’re up to something criminal. In other words, the Fourth Amendment ensures privacy and bodily integrity. Unfortunately, the Fourth Amendment has suffered the greatest damage in recent years and has been all but eviscerated by an unwarranted expansion of governmental police powers that include strip searches and even anal and vaginal searches of citizens, surveillance (corporate and otherwise), and intrusions justified in the name of fighting terrorism, as well as the outsourcing of otherwise illegal activities to private contractors.

    The Fifth Amendment and the Sixth Amendment work in tandem. These amendments supposedly ensure that you are innocent until proven guilty, and government authorities cannot deprive you of your life, your liberty or your property without the right to an attorney and a fair trial before a civilian judge. However, in the new suspect society in which we live, where surveillance is the norm, these fundamental principles have been upended. Certainly, if the government can arbitrarily freeze, seize or lay claim to your property (money, land or possessions) under government asset forfeiture schemes, you have no true rights.

    The Seventh Amendment guarantees citizens the right to a jury trial. Yet when the populace has no idea of what’s in the Constitution—civic education has virtually disappeared from most school curriculums—that inevitably translates to an ignorant jury incapable of distinguishing justice and the law from their own preconceived notions and fears. However, as a growing number of citizens are coming to realize, the power of the jury to nullify the government’s actions—and thereby help balance the scales of justice—is not to be underestimated. Jury nullification reminds the government that “we the people” retain the power to ultimately determine what laws are just.

    The Eighth Amendment is similar to the Sixth in that it is supposed to protect the rights of the accused and forbid the use of cruel and unusual punishment. However, the Supreme Court’s determination that what constitutes “cruel and unusual” should be dependent on the “evolving standards of decency that mark the progress of a maturing society” leaves us with little protection in the face of a society lacking in morals altogether.

    The Ninth Amendment provides that other rights not enumerated in the Constitution are nonetheless retained by the people. Popular sovereignty—the belief that the power to govern flows upward from the people rather than downward from the rulers—is clearly evident in this amendment. However, it has since been turned on its head by a centralized federal government that sees itself as supreme and which continues to pass more and more laws that restrict our freedoms under the pretext that it has an “important government interest” in doing so.

    As for the Tenth Amendment’s reminder that the people and the states retain every authority that is not otherwise mentioned in the Constitution, that assurance of a system of government in which power is divided among local, state and national entities has long since been rendered moot by the centralized Washington, DC, power elite—the president, Congress and the courts.

    Thus, if there is any sense to be made from this recitation of freedoms lost, it is simply this: our individual freedoms have been eviscerated so that the government’s powers could be expanded.

    It was no idle happenstance that the Constitution, which was adopted 236 years ago on Sept. 17, 1787, opens with these three powerful words: “We the people.” As the Preamble proclaims:

    We, the people of the United States, in order to form a more perfect Union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this CONSTITUTION for the United States of America.

    In other words, it’s our job to make the government play by the rules of the Constitution.

    We are supposed to be the masters and they—the government and its agents—are the servants.

    We the American people—the citizenry—are supposed to be the arbiters and ultimate guardians of America’s welfare, defense, liberty, laws and prosperity.

    Still, it’s hard to be a good citizen if you don’t know anything about your rights or how the government is supposed to operate.

    As the National Review rightly asks, “How can Americans possibly make intelligent and informed political choices if they don’t understand the fundamental structure of their government? American citizens have the right to self-government, but it seems that we increasingly lack the capacity for it.”

    Americans are constitutionally illiterate.

    Most citizens have little, if any, knowledge about their basic rights. And our educational system does a poor job of teaching the basic freedoms guaranteed in the Constitution and the Bill of Rights.

    Teachers and school administrators do not fare much better. A study conducted by the Center for Survey Research and Analysis found that one educator in five was unable to name any of the freedoms in the First Amendment.

    Government leaders and politicians are also ill-informed. Although they take an oath to uphold, support and defend the Constitution against “enemies foreign and domestic,” their lack of education about our fundamental rights often causes them to be enemies of the Bill of Rights.

    So what’s the solution?

    Thomas Jefferson recognized that a citizenry educated on “their rights, interests, and duties”  is the only real assurance that freedom will survive.

    From the President on down, anyone taking public office should have a working knowledge of the Constitution and the Bill of Rights and should be held accountable for upholding their precepts. One way to ensure this would be to require government leaders to take a course on the Constitution and pass a thorough examination thereof before being allowed to take office.

    Some critics are advocating that students pass the United States citizenship exam in order to graduate from high school. Others recommend that it must be a prerequisite for attending college. I’d go so far as to argue that students should have to pass the citizenship exam before graduating from grade school.

    Here’s an idea to get educated and take a stand for freedom: anyone who signs up to become a member of The Rutherford Institute gets a wallet-sized Bill of Rights card and a Know Your Rights card. Use this card to teach your children the freedoms found in the Bill of Rights.

    A healthy, representative government is hard work. It takes a citizenry that is informed about the issues, educated about how the government operates, and willing to do more than grouse and complain.

    As I point out in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, “we the people” have the power to make and break the government.

    The powers-that-be want us to remain divided over politics, hostile to those with whom we disagree politically, and intolerant of anyone or anything whose solutions to what ails this country differ from our own. They also want us to believe that our job as citizens begins and ends on Election Day.

    Yet there are 330 million of us in this country. Imagine what we could accomplish if we actually worked together, presented a united front, and spoke with one voice.

    Tyranny wouldn’t stand a chance.

    Tyler Durden
    Wed, 09/13/2023 – 23:40

  • Hunter Biden Sues Former Trump WH Aide Who Published Laptop Contents
    Hunter Biden Sues Former Trump WH Aide Who Published Laptop Contents

    Hunter Biden is suing a former Trump White House aide for publishing the contents of his infamous ‘laptop from hell,’ which contains all sorts of evidence against the Biden family, along with private photos, emails and text messages between the first son and his associates.

    Yes, the same laptop that 51 former intelligence officials said had “all the classic earmarks of a Russian information operation,” and which Antony Blinken (then a top Biden campaign official) had a ‘central role‘ in discrediting after the New York Post reported that Hunter Biden exploited his father’s position as then-VP foer personal gain.

    According to a Wednesday night filing, Hunter Biden’s legal team is suing Garrett Ziegler, who operates the website Marco Polo.

    The 13-page lawsuit alleges that Ziegler and others violated federal and California privacy laws by “accessing, tampering with, manipulating, altering, copying and damaging computer data” gathered from Hunter Biden’s purported laptop and iPhone cloud storage without consent.

    The lawsuit details how Ziegler and unnamed defendants allegedly obtained sensitive materials by hacking into encrypted data on Hunter Biden’s devices and uploading them to Ziegler’s website, where it remains public. In the lawsuit, Hunter Biden’s lawyers assert that the defendants had refused requests to “cease their unlawful activity” and return private data belonging to the president’s son. –CBS News

    In response, Ziegler told CBS News: “I nor the nonprofit, Marco Polo, have been served with a lawsuit — but the one I read this morning out of the Central District of California should embarrass Winston & Strawn LLP. It’s not worth the paper it’s written on,” adding “Apart from the numerous state and federal laws and regulations which protect authors like me and the publishing that Marco Polo does, it’s not lost on us that Joe’s son filed this SLAPP one day after a so-called Impeachment Inquiry into his father was announced. The president’s son is a disgrace to our great nation.

    Earlier this year, Hunter Biden sued a Delaware-based computer repairman, John Paul Mac Issac, with whom Hunter abandoned his now-infamous laptop – the contents of which have been featured in multiple Congressional hearings.

    Last year Mac Isaac recalled to the New York Post about how Hunter Biden arrived at his shop in Wilmington, Delaware, in April 2019.

    “I’m glad you’re still open,” Hunter Biden allegedly told him. “I just came from the cigar bar, and they told me about your shop, but I had to hurry because you close at seven.”

    “I need the data recovered off these, but they all have liquid damage and won’t turn on,” Mac Isaac recalled him saying.

    Mac Issac maintains that he obtained the information from Hunter’s laptop legally, and that Biden himself dropped it off in April 2019, never returning to claim it. In fact, says he walked into the Albuquerque FBI office, where he explained what he had, but was rebuffed by the FBI. He was told basically, get lost. This was mid-September 2019.

    Two months passed and then, out of the blue, the FBI contacted John Paul Mac Issac. Two FBI agents from the Wilmington FBI office–Joshua Williams and Mike Dzielak–came to John Paul’s business. He offered immediately to give them the hard drive, no strings attached. Agents Williams and Dzielak declined to take the device.

    Eight months later, Isaac provided a copy to then-President Donald Trump’s lawyer Rudy Giuliani, who provided a copy of the hard drive to The Post.

    Last year, several FBI whistleblowers told Sen. Chuck Grassley (R-IA) that agents investigating Hunter Biden “opened an assessment which was used by an FBI headquarters team to improperly discredit negative Hunter Biden information as disinformation and caused investigative activity to cease,” adding that his office received “a significant number of protected communications from highly credible whistleblowers” regarding the investigation.

    Grassley added that “verified and verifiable derogatory information on Hunter Biden was falsely labeled as disinformation,” according to the Washington Examiner.

    Tyler Durden
    Wed, 09/13/2023 – 23:20

  • Rothschild Admits ESG Failure As Globalists Shift To "Inclusive Capitalism" Agenda
    Rothschild Admits ESG Failure As Globalists Shift To “Inclusive Capitalism” Agenda

    Authored by Brandon Smith via Alt-Market.us,

    In July of last year as the hype surrounding the covid pandemic was finally dying out I published an article about a barely publicized project called the “Council For Inclusive Capitalism.”

    The group, headed by Lynn Forester de Rothschild who now seems to be the public face of the notorious Rothschild dynasty, is the culmination of decades of various globalist agendas combined to represent the ultimate proof of “New World Order” conspiracy.

    Remember when people used to say that global governance by elitists was a paranoid fantasy? Well, now the plan is an openly admitted reality.

    The CIC is intimately tied to institutions like the World Economic Forum, the UN and the IMF, but it is primarily an attempt to link all these organizations more closely to the corporate world in an open display of collusion. The group pushes the spread of what they call “Stakeholder Capitalism” – The idea that international corporations have a responsibility to participate in social engineering, and that they are required (in the name of the greater good) to manipulate civilization through economic punishments and rewards.

    We witnessed this agenda in action during the covid lockdowns and the rush to enforce vaccine passports. These efforts would not have been possible without the participation of major corporate chains working hand-in-hand with national governments and the World Health Organization. Luckily, the strategy failed as local governments and the public fought back.

    We have also seen the ugliness of stakeholder capitalism in the push for ESG rating systems among major companies. Most readers are probably familiar with ESG at this point; just keep in mind that the public was oblivious to the terminology until the past 2 years. Globalists have been developing ESG rules since 2005. What is ESG?  As Klaus Schwab of the WEF notes:

    The most important characteristic of the stakeholder model today is that the stakes of our system are now more clearly global. Economies, societies, and the environment are more closely linked to each other now than 50 years ago. The model we present here is therefore fundamentally global in nature, and the two primary stakeholders are as well.

    What was once seen as externalities in national economic policy making and individual corporate decision making will now need to be incorporated or internalized in the operations of every government, company, community, and individual. The planet is thus the center of the global economic system, and its health should be optimized in the decisions made by all other stakeholders.”

    ESG was intended to be the tool that globalists and governments would use to force companies into the stakeholder capitalism model. It is much like the Chinese communist social credit system, but for businesses rather than individuals. The higher a company’s ESG score, the more access lending and government funding they would have (easy money). It started out in 2005 focused on climate controls (influencing corporations to accept carbon credits and taxation). But, by 2016 it became something else; ESG widely adopted woke politics including Critical Race Theory, feminism, trans ideology, various elements of Marxism, etc.

    This was the modern ESG that all of us are aware of today.  The goal was to incentivize corporations into bombarding the public with woke messaging 24/7.  Every movie, every TV show, every book, every comic, every children’s cartoon, every commercial, every product, every major social media site, every employee handbook, every social interaction would be tainted with the poison of woke propaganda.  There would be nowhere to hide, nowhere to escape the messaging.  And it worked, for a little while…

    The exposure of ESG is perhaps one of the greatest triumphs of the alternative media. It was proof that the “wokification” of our economy and society was not the result of some grassroots activist movement or the natural evolution of civilization. No, everything woke was a rigged agenda, an astroturf movement forced into existence by corporations and globalists using ESG as the vehicle.

    It is with some disappointment I’m sure that Lynn Forester de Rothschild recently admitted the defeat of ESG at the B20 Summit in India. Though, Rothschild also suggests that the goal will be to replace the term “ESG” with something else that the public is not as privy to.   In other words, the globalists have been forced to abandon ESG but will continue to look for other methods to trap companies into the far-left hive.

    It is typical for globalists to re-brand their projects whenever they get exposed as a way to throw the public off the scent. However, I don’t think this tactic is going to work anymore. Researchers are locked onto the ESG dynamic and changing the name will not help the establishment avoid scrutiny.

    Interestingly, I have noticed a dramatic shift by globalists towards a defensive posture, rather than the offensive posture they held a couple years ago. I can only conclude that something went very wrong for them during covid. They were brazen with their rhetoric in 2020, basically admitting their intentions to enforce a global authoritarian system. Now they are sheepish and much more careful in the things they say.

    To this end, most of the honest discussion on globalism is no longer found in the statements of the WEF or the halls of the Davos forums. People like Klaus Schwab are fading into the background.  The true agenda is now discussed at more obscure climate change events such as B20 in India or the Summit for a New Global Financing Pact in Paris which I covered in July. These are the events where globalists feel more free to talk about what they REALLY want.

    One interesting comment from Rothschild at B20 was her claim that Biden’s “Inflation Reduction Act” is one of the best models for incentivized climate controls. This confirms what we already suspected:  The Inflation Reduction Act had nothing to do with inflation. Rather, it was a way to divert taxpayer funds into government subsidies for carbon taxation and green tech. That is to say, Rothschild and the CIC want to dictate global business and force companies to adopt ESG-like policies using trillions of dollars in climate funds ($7.5 trillion per year, to be exact).

    Look at it this way: Any company that “volunteers” to use less efficient green tech and to promote climate ideology gets access to government subsidies – they get rewarded. Any company that refuses to go along with the plan will ultimately face heavy taxation while trying to compete with their subsidized peers – They are forced out of business. This is, essentially, the early stages of a global communist/collectivist economic regime.

    And this is where we get to the crux of the issue.

    There is no “inclusive capitalism.” There is no “stakeholder capitalism.” There is no “ESG.”

    Climate change as an existential threat is a farce, just as covid was never a legitimate threat to the vast majority of people. All of these issues represent smoke and mirrors, a way to distract the populace from the root intent – To create total financial centralization in the hands of a select few elites.

    It’s not about the environment.  It’s not about public health.  It’s ALL about the economy. 

    The end game for them is to convince the public to embrace economic micromanagement.

    Once the economy is locked into an ideological prison where businesses are forced to virtue signal, once access to private trade can be denied by a handful of bureaucrats working with corporations, the establishment then has the means to dictate every other facet of society.

    Our behaviors, our beliefs, our principles, our morals; everything is up for grabs. 

    For if the oligarchy has the power to determine if you and your family eat or starve, they then have the power to make you do anything they want you to do.

    *  *  *

    If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

    Tyler Durden
    Wed, 09/13/2023 – 22:40

  • "AI Crusades Have Begun": Robo-Taxi Involved In Hammer Attack In San Fran Following 'Coning' Incidents
    “AI Crusades Have Begun”: Robo-Taxi Involved In Hammer Attack In San Fran Following ‘Coning’ Incidents

    A viral video with over a million views on X shows a person dressed in all-black striking a driverless car repeatedly with a hammer on the streets of crime-ridden San Francisco. 

    X user “(((BrokeAssStuart)))” said, “Someone seen destroying a RoboTaxi in San Francisco this weekend.” 

    https://platform.twitter.com/widgets.js

    They asked: “What do you think, hero or villain?” 

    Back in July, we pointed out that members of Safe Street Rebels, a group that states cars are “polluting, dangerous & murderous,” were coning driverless cars across the city, which disables the vehicle and forces it to stop. 

    Here is some of the footage of coning incidents:

    https://platform.twitter.com/widgets.js

    One X user said, “The AI crusades have begun.” 

    Tyler Durden
    Wed, 09/13/2023 – 22:20

  • The Death Of Informed Consent
    The Death Of Informed Consent

    Authored by Stella Paul via AmericanThinker.com,

    Here’s what never happened in the hospital during COVID:

    …a doctor sat down next to a patient and said,

    “You have a choice.  

    We can give you Remdesivir, which killed 53% of the patients in an Ebola trial.  It was so bad the trial had to be shut down.  And you’ll notice here in Remdesivir’s fact sheet, it says, ‘Not a lot of people have used Remdesivir.  Serious and unexpected side effects may happen.’  

    Or we can give you ivermectin, a safe and effective drug that’s been successfully used for decades, and send you home.  Which do you prefer?”

    The reason that conversation never happened is that it would have cost the hospital too much money.  If the hospital gave you ivermectin and sent you home, the federal government paid the hospital $3,200.  If the hospital gave you Remdesivir, the federal government paid the entire hospital bill, plus a 20% bonus.  So the hospital executives’ choice was to receive $3,200 or $500,000, which was the average hospital bill.  No contest.  Patients were going to get Remdesivir — whether they wanted it or not.

    Informed consent died a grotesque death in the hospitals during COVID, and we need an autopsy.  There was no information, and there was no consent, and without them, patients are reduced to helpless victims, exploited for corrupt financial gain and immoral experiments.

    Informed consent has been enshrined in numerous judicial rulings as the foundation of ethical medical practice and seared into the public’s conscience from the Nuremberg trials.  Seven Nazi doctors were hanged in Germany by an American military tribunal for “murders, tortures, and other atrocities committed in the name of medical science.”  Yet murders, tortures, and other atrocities are exactly what was committed by medical staff in the hospitals against thousands of Americans during COVID.

    Take, for example, Ray Lamar, who arrived in the emergency room with a message written with a black sharpie pen on his arm: NO VENT NO REMDESIVIR.”  On his other arm, he wrote the same message and added his wife’s name and phone number.  Yet the doctors gave him Remdesivir anyway, without ever informing him.  His widow Patti told me she constantly wonders what she could have done to save him.

    Image via Patti Lamar.

    Christine Johnson told the doctors that she discussed all her medications with her daughter, who is a nurse, and she concluded that she didn’t want Remdesivir.  It didn’t matter.  Christine was given Remdesivir while she was sleeping, and now her daughter Michelle doesn’t have her mother.

    Rebecca Stevens was an avid reader of Epoch Times, where she learned about Remdesivir’s dangers.  She declined Remdesivir on five separate occasions, as her hospital records confirm.  But the medical staff didn’t care what Rebecca wanted.  She was given Remdesivir without her knowledge, and now Rebecca’s five grandsons are bereft.

    I asked Michael Hamilton how it’s possible to give Remdesivir to patients without them knowing.  Hamilton is a lawyer for several families who are suing California hospitals for the murder of their loved ones, and he’s heard thousands of victims’ stories. 

     “They would lie right to your face,” he said.  

    “You’d tell the nurse that you didn’t want Remdesivir and she’d say, ‘Fine.  But you’re a bit dehydrated, so let’s get some fluids in you.’  And she’d hook up the IV, but it wasn’t fluids.  It was Remdesivir.”

    Hamilton told me that another favored tactic was to knock out patients with sedatives like morphine and fentanyl.  While they lay there in a stupor, they were injected with Remdesivir.

    If secret injections of Remdesivir weren’t enough to kill you, the hospitals had more torture lined up.  After all, the federal government paid hospitals a big bonus to ventilate patients — so patients were going to get ventilated, whether they wanted to or not.  A lot of patients turned down being vented, because the whole process is a nightmare.  You’re painfully intubated, rendered unable to talk; your lungs start shredding, and you may acquire bacterial pneumonia, which the hospital will refuse to treat.

    But “no” is not an acceptable answer when the hospital has money at stake.  The medical staff’s preferred method for gaining “consent” was relentless bullying, screaming, coercion, and threats until the patient finally caved.  Patti Lamar, Ray’s widow, told me that when she refused to let them ventilate her husband, the doctors screamed at her over and over, “You’re killing him!  You’re killing him!  You’re killing him!”  When she couldn’t take it anymore, she reluctantly gave in.  Ray died shortly thereafter, and Patti lives with the trauma of that moment.

    Image via Dayna Stevens.

    Michael Hamilton told me the fate of his friend who was a nurse, hospitalized in the place where she had worked for 26 years.  When she refused ventilation, the doctor shrieked,

    “You’re refusing medical advice!  Now your insurance company won’t pay your hospital bill when you die!  Do you want to bankrupt your family?  Do you?  Do you?”  The nurse panicked, and to protect her family, she “consented.”  

    Two days later, she died.

    “This was a very common technique,” Hamilton said.  

    “I’ve heard it hundreds of times.  You tell the patient that unless they do what the doctor says, they’ll bankrupt their family because insurance won’t pay the hospital bills.  Nobody wants to do that to their family.”  

    Does this sound like informed consent to you?  It sounds more like medical battery to me.

    The entire hospital environment was a hellscape of abuse in which informed consent wasn’t even a distant memory.  Hamilton told me that patients were routinely denied all access to food and water, stupefied with 50 medications that included drugs contraindicated for each other, tortured with oxygen machines set at such high levels that they couldn’t breathe, and zip-tied to the bed till their wrists bled and their hands turned black.  His stories align with 1,000 collected testimonies of the COVID-19 Human Betrayal Memory Project, which documents the victims’ fates.

    The ultimate denial of informed consent was the hospitals’ refusal to allow the patients to leave. 

    “Patients lost all rights when they went in the hospital,” Senator Ron Johnson told Patty Myers in her documentary, Making A Killing.  

    “They became prisoners.”  

    A cottage industry of hospital rescues cropped up, as desperate family members hired lawyers to try to spring their loved ones out of hospital “care.”  Ralph Lorigo, a lawyer in Buffalo, told me that in every case when he succeeded in getting a patient’s case before a judge and the judge ruled in the family’s favor, the patient went home and survived.  In all cases where the judge refused to hear the case or ruled against the family, the patient died.

    Every American is a sovereign individual with inalienable rights to life, liberty, and the pursuit of happiness, not a sack of meat to be treated as a profit opportunity.  Informed consent must be revived from the grave if Americans are to have a fighting chance against powerful financial interests allied against them.

    Tyler Durden
    Wed, 09/13/2023 – 22:00

  • Will Hurricane Lee Have A 'Maine Event'? 
    Will Hurricane Lee Have A ‘Maine Event’? 

    Hurricane Lee remained a Category 3 storm on the Saffir-Simpson Hurricane Wind Scale. Lee is “beginning its northward turn” with potential landfall impacts as soon as Friday night across New England or Nova Scotia, the National Hurricane Center said Wednesday.

    “Satellite images suggest that Lee seems to be beginning its northward turn on the western side of a subtropical ridge situated over the central Atlantic,” NHC said, adding the system should “gradually increase in forward speed while moving northward on the west side of the ridge during the next couple of days, taking the core of the system to the west of Bermuda Thursday and Thursday night.”

    Then, on Friday, the storm’s crosshairs are focused on New England or Nova Scotia: 

    “The combination of a shortwave trough and a building ridge extending into Atlantic Canada could cause Lee to turn slightly to the left Friday night and Saturday, which will likely bring Lee close to southeastern New England before it reaches Maine and Atlantic Canada later in the weekend.”

    Spaghetti models of Lee’s path are messy, but some ask: “Will Lee have a Maine Event?” 

    https://platform.twitter.com/widgets.js

    Local media outlet WGME 13 warned, “The significant impacts of Hurricane Lee will be felt along the immediate coastline and into Downeast Maine.” 

    WGME 13 said Maine’s largest electricity transmission and distribution utility, Central Maine Power, with over 620,000 customers and about 80% of the state’s customer base, has put line crews on standby.

    Tyler Durden
    Wed, 09/13/2023 – 21:40

  • The Reported Russian-North Korean Military Deal Is All About Geostrategic Balancing
    The Reported Russian-North Korean Military Deal Is All About Geostrategic Balancing

    Authored by Andrew Korybko via Substack,

    Russia and North Korea’s complementary balancing acts at the global and national levels vis-a-vis China coupled with China’s reluctance to burn all bridges with the West as it begins building alternative global institutions are the real driving forces behind the first two’s reported military deal.

    Many observers believe that Russia and North Korea have decided to strengthen their military ties due to shared threats from the West. Reports claim that they’re exploring a swap whereby Russia would share hypersonic, nuclear, satellite, and submarine technology with North Korea in exchange for Soviet-era ammunition and artillery. The first part of this deal would balance the emerging US-South Korean-Japanese triangle while the second would keep Russia’s special operation going into next year.

    There’s likely a lot of truth to this assessment since it makes sense for them to help each other against their shared opponents in the New Cold War, but there’s more to it than just that. For starters, the preceding report about their impending swap doesn’t account for Russia’s growing edge in its “race of logistics”/“war of attrition” with NATO that’s responsible for defeating Kiev’s counteroffensive. Even without North Korea’s Soviet-era supplies, Russia is still impressively holding its own against all of NATO.

    This proves that Russia’s military-industrial complex (MIC) already meets its needs in the present and beyond, thus raising the question of why Russia would countenance a military deal with North Korea in the first place, let alone such a seemingly lopsided one. A cogent explanation is that Russia’s MIC might struggle in that scenario to meet its military-technical obligations to third parties, ergo the need to purchase lower-quality supplies so that production facilities can prioritize higher-quality exports.

    Even if that’s the case, then it doesn’t answer the question of why Russia would be willing to share such potentially game-changing military technology with North Korea for these supplies instead of simply paying for them with hard currency, nor why it either can’t or won’t try to get them from China. Likewise, one might also wonder why North Korea can’t receive the aforesaid military technology from China and would have to request it from Russia as part of their reported swap.

    The answer to those three questions concerns China’s reluctance to burn all bridges with the West as well as Russia and North Korea’s shared interests in preemptively averting potentially disproportionate dependence on the People’s Republic. Beginning with the first balancing act, while President Xi arguably envisages China leading the creation of alternative global institutions as strongly suggested by his decision to skip last weekend’s G20 Summit in Delhi, he’d prefer for this to be a smooth process.

    Any abrupt bifurcation/”decoupling” would destabilize the global economy and therefore sabotage his country’s export-driven growth, but the US might force this scenario in response to China’s large-scale arming of Russia and/or transfer of game-changing military technology to North Korea. For that reason, President Xi likely wouldn’t agree to either of those two deals except if they were urgently required to prevent their defeat by the West, but neither is facing that threat so China won’t risk the consequences.

    As for the second part of this balancing act, even if President Xi offered to meet Russia’s and North Korea’s military needs, those two would still probably prefer to rely on one another for them instead of China in order to not become disproportionately dependent on the People’s Republic. Both regard that country as one of the top strategic partners anywhere in the world, but each would feel uncomfortable if they entered into relationship where Beijing plays too big of a role in ensuring their national security.

    From Russia’s perspective, it’s a matter of principle to never become disproportionately dependent on any given partner since such ties could curtail the Kremlin’s foreign policy sovereignty even if its counterpart doesn’t have any nefarious intent. In the Chinese context, relations of that nature might make some policymakers less interested in maintaining their country’s balancing act between China and India, thus leading to them subconsciously favoring Beijing and pushing Delhi closer to Washington.

    Should that happen, then the global systemic transition to multipolarity would revert back towards bipolarity (or rather bi-multipolarity) as Russia turbocharges China’s superpower trajectory in parallel with India helping the US retain its declining hegemony. The result would be that only those two superpowers would enjoy genuine sovereignty while everyone else’s would be greatly limited by the natural dynamics of their competition. Russia obviously wants to avoid this scenario at all costs.

    Unlike Russia’s global interests, North Korea’s are purely national, but they’re still complementary to Moscow’s. Pyongyang had been disproportionately dependent on Beijing since the end of the Old Cold War after the USSR collapsed, but China later leveraged this relationship to expand ties with the West by approving UNSC sanctions against North Korea. Russia did the same for identical reasons, but North Korea wasn’t dependent on Russia so Pyongyang didn’t hold a grudge against Moscow like it did Beijing.

    It was this growing distrust of China that inspired Kim Jong Un to seriously explore Trump’s ultimately unsuccessful de-nuclearization proposal in order to rebalance his country’s relations with the People’s Republic. The same motivation was why Myanmar agreed to a rapprochement with the US under Obama that also ultimately failed. Both countries felt that their disproportionate dependence on China was disadvantageous and accordingly sought to rectify it by rebalancing ties with the US.

    Since the American dimension of their balancing acts didn’t bear any fruit and is no longer viable, each is now looking towards Russia to play that same role in helping them relieve their disproportionate dependence on China. Russian-Myanmarese relations were explained here while Russian-North Korean ones will now be elaborated on a bit more. From Pyongyang’s perspective, even if Beijing gave it game-changing military technology, this could always be cut off one day if China reached a deal with the US.

    In fact, China probably wouldn’t consider giving North Korea such technology anyhow since that could make it more difficult for Beijing to ever leverage its influence over Pyongyang again in pursuit of such a deal with Washington, thus limiting China’s own foreign policy sovereignty. The likelihood of Russia reaching a major deal with the US anytime soon is close to nil after all that’s unfolded over the past 18 months, so North Korea believes that Russia will be a much more reliable long-term military partner.

    Russia and North Korea’s complementary balancing acts at the global and national levels vis-a-vis China coupled with China’s reluctance to burn all bridges with the West as it begins building alternative global institutions are the real driving forces behind the first two’s reported military deal.

    This grand strategic insight enables one to better understand the true state of relations between these countries and therefore helps objective observers produce more accurate analyses about them going forward.

    Tyler Durden
    Wed, 09/13/2023 – 21:20

  • "Resign Today": Maryland Republicans Voice Outrage Over Superintendent's Education Scandal
    “Resign Today”: Maryland Republicans Voice Outrage Over Superintendent’s Education Scandal

    Last weekend, Fox45 News’ Project Baltimore asked Maryland Governor Wes Moore about the massive grade scandal and alleged cover-up in Baltimore City Public Schools, which ranks as the country’s fourth most funded school system. Moore went on to say that he has transparency concerns about Maryland State Superintendent Mohammed Choudhury over an encrypted messaging app to do official state business. 

    “I want transparency, I want accountability, and I want a superintendent that believes in it and can deliver it. The results we are seeing right now are not satisfactory results, and I demand better, and we need to make sure we are getting better results for our kids,” Moore said. 

    https://platform.twitter.com/widgets.js

    Superintendent Choudhury’s contract is set to expire in June 2024. The state board was scheduled to vote on a new contract in July but postponed it for two months due to ‘transparency issues.’ Now, the vote is set for later this month. 

    However, the odds of the top Maryland education official receiving a contract extension from the state board wanes. That’s because lead investigator journalist Chris Papst of Fox45 News reported Wednesday that calls for Choudhury’s resignation are growing: 

    “Two MD Delegates & one Senator calling on @MdPublicSchools State Superintendent to RESIGN TODAY! They cite Project Baltimore reports concerning Mohammed Choudhury using a hidden email account, deleting texts on his phone and using an encrypted messaging App for work.”

    https://platform.twitter.com/widgets.js

    Papst previously spoke to Sean Kennedy from the Maryland Public Policy Institute. Kennedy said, “I see this as an unfolding scandal where the superintendent is going to have to resign. It’s just a matter of when.”

    “There cannot continue to be scandal after scandal after scandal,” Kennedy said, adding, “The drip, drip, drip has become a downpour, and the State Board of Education is going to be forced to act.”

    Last week, Papst revealed that corruption at the Baltimore City Public Schools level extends all the way up to the Maryland State Superintendent of Schools. 

    https://platform.twitter.com/widgets.js

    And earlier this year, Papst’s team released this shocking report in February: ‘Education Crisis’: 23 Baltimore City Schools Have No Students Proficient In Math

    https://platform.twitter.com/widgets.js

    One must wonder why taxpayers aren’t more furious about the massive education scandal in a state governed by out-of-control progressives. 

    Tyler Durden
    Wed, 09/13/2023 – 21:00

  • How Deep Is The Deep State?
    How Deep Is The Deep State?

    Authored by Jeffrey Tucker via The Epoch Times,

    We received some seemingly excellent news over the weekend. The appellate court of the 5th Circuit has reimposed the restrictions on the White House, the Centers for Disease Control and Prevention, and the FBI to stop bullying social media companies to censor content.

    This has taken place ahead of the actual trial because two judges found that the practice was so egregious that it needed to be stopped right now before more damage is done to the First Amendment.

    “The officials have engaged in a broad pressure campaign designed to coerce social-media companies into suppressing speakers, viewpoints, and content disfavored by the government,” a three-judge panel wrote in Missouri v. Biden.

    “The harms that radiate from such conduct extend far beyond just the Plaintiffs; it impacts every social-media user.”

    That’s all excellent news so far.

    But there’s a fly in this ointment.

    The lower court’s injunction included restrictions on a whole host of agencies, including the Department of Homeland Security (and its sub-unit, the Cybersecurity and Infrastructure Security Agency, or CISA), and the State Department and its relationships with other third-party agencies.

    I was personally disappointed that the initial injunction didn’t name the CIA and all of its thousands of proxies, to say nothing of the other 400-plus agencies in the administrative state of the federal government.

    What’s strange and disappointing is that the appeals court stripped all of this out of its ruling.

    It vacated the most devastating parts of the injunction, including that which hit the Department of Homeland Security and the State Department. It specifically stripped out the list of defendants.

    I’m not a lawyer or an expert in administrative law, but the decision is packed with hints and suggestions that this injunction might be mostly cosmetic. It stops the most aggressive and overt censorship but also offers a road map for how they can do this in other ways, simply by burying the mechanisms of control one layer more deeply.

    In short, the initial injunction didn’t go nearly far enough. The renewed injunction, with its careful carve-outs, is far more toothless still.

    What are the next steps? There will eventually be a trial and decision. That’s likely to be settled for the plaintiffs in some measure and will imply certain policies. That could be appealed to the Supreme Court, which might take years to unfold. In the meantime, it’s unclear as to whether and to what extent the true Deep State does face much of a restriction on its activities.

    One way that we will know could come in a matter of days.

    • If the White House appeals this injunction to the Supreme Court for an emergency ruling, it would suggest that some people at the top are very worried, even to the point of panic.

    • If they do nothing, which is very possible, it means that they can live with the current ruling. That would be a very bad sign.

    There’s very little public knowledge of the extent of the problem here. Over the weekend, at a scholars and fellows retreat for Brownstone Institute, we heard a presentation by Andrew Lowenthal, one of the journalists who was given access to the Twitter files after Elon Musk took over. Mr. Lowenthal and his colleagues found vast evidence of an extensive and complex network of censorship that reaches every part of mainstream social media: Twitter, Facebook, LinkedIn, Pinterest, TikTok, Reddit, Wikipedia, and beyond.

    The controlling parties are the Department of Homeland Security and all of its agencies, the National Institutes of Health, the Department of Defense, all of their contractors in universities and state and local governments, media organs including The New York Times and The Washington Post, and all major technology companies, especially Google and Microsoft. Looking at what he calls the “Censorship Industrial Complex” on the screen during his presentation was truly ominous.

    Talking with Mr. Lowenthal afterward, I pointed out to him that CISA wasn’t just censoring. This agency on March 19, 2020, issued an edict to the country that defined every U.S. worker as either essential or nonessential. It created a techno-feudal structure that gave rights to the elites and those who serve them, while excluding the vast middle layer of the U.S. workforce as unessential.

    CISA issued the kind of edict that no free and civilized society would or should ever tolerate. It was incredibly egregious. And yet there has been little to no public discussion of this outrage, and hence no awareness of how this came to be. Exactly who decided to do this? What was its impetus? Keep in mind that there are deep links between CISA and Big Tech, which suggests that this central plan was hatched in cooperation with the companies that benefited from it.

    Mr. Lowenthal naively asked why the Department of Labor wasn’t consulted. I explained that the department is an old-time civilian bureaucracy packed with old-fashioned public servants with no interest in high-tech hijinx. They’re there just to assemble data. What happened in March 2020 was a coup d’état by a new generation of techno-despots from the intelligence community. They have their own agencies and methods of control—all suited toward the 21st century.

    As I further pointed out to him, this isn’t only about censorship. The censors do what they do for a bigger purpose. What they’re really seeking is complete control of society itself; that is, human beings. And they don’t just work on a national basis but an international one, which is why most countries on the planet Earth had exactly the same policies. The intelligence community that’s ruling this machinery is truly global at this point.

    In other words, this isn’t just a Censorship Industrial Complex. It’s a totalitarian hegemon that wants total control of our bodies, lives, and communities. The purpose of the censorship is to keep this from being debated and protested by the public. The censorship is bad, but its purpose points to something far worse than merely controlling the flow of information.

    And there’s another layer of control that wasn’t even on the chart: the money-laundering machinery of, for example, FTX. There’s little doubt that this crypto-exchange was set up to launder funding from venture capitalists to nonprofits and political candidates. That was the whole point. It was a ruling-class pump and dump. There’s no political or legal process ongoing that will prevent something such as this from happening again.

    It’s easy to look at such realities, realize the depth of the Deep State, and get discouraged. Sometimes, it feels as if we’re just a tiny band of writers and podcasters with zero influence or power. But Mr. Lowenthal was careful to point out that this isn’t true. The bad guys in this story feel very much outgunned and under vast pressure from all sides. They’re right now under the impression that they’re losing badly. That’s because public opinion keeps shifting in the direction of freedom and democracy and against control and compulsion from the centralized despots.

    I hope that he’s right because it’s hard to think of a struggle more important than this one.

    “There can be little doubt that man owes some of his greatest successes in the past to the fact that he has not been able to control social life,” economist F.A. Hayek wrote more than 60 years ago in “The Constitution of Liberty.”

    “His continued advance may well depend on his deliberately refraining from exercising controls which are now in his power.

    In the past, the spontaneous forces of growth, however much restricted, could usually still assert themselves against the organized coercion of the state. With the technological means of control now at the disposal of government, it is not certain that such an assertion is still possible; at any rate, it may soon become impossible. We are not far from the point where the deliberately organized forces of society may destroy those spontaneous forces which have made advance possible.”

    We can’t have freedom and democracy with a deep state run by the intelligence community, in league with all the major universities and corporations, running our lives, elections, and communications. Something has to give. And without public understanding of the problem, there will never be a fix.

    Tyler Durden
    Wed, 09/13/2023 – 20:40

  • 30 Detainees Remain At Guantánamo
    30 Detainees Remain At Guantánamo

    In April, transfers decreased the Guantánamo prison population to 30 bringing President Joe Biden closer to his stated goal of finally closing the notorious prison camp while large obstacles persist with remaining high-profile prisoners and their cases.

    Infographic: 30 Detainees Remain at Guantánamo | Statista

    You will find more infographics at Statista

    As Staista’s Katharina Buchholz reports, just last week, Biden refused to approve some conditions of a plea bargain that is being brokered by lawyers of five of the 10 remaining detainees which have been charged in the military commissions system.

    Biden declined to guarantee no post-conviction solitary confinement as well as trauma care for torture victims. The potential deal would see the five defendants plead guilty to terrorism charges and serve life sentences in exchange for being spared the death penalty.

    On top of the 10 charged detainees, 16 have already been recommended for transfer, which means that they have not been charged and are no longer recommended to remain in confinement for national security reasons.

    There have already been 750 other detainees with the same fate that were transferred back to their home countries or in the case of this being deemed unsafe or not possible, a third country that accepted them.

    Detainments for these prisoners ranged from just a few years to more than two decades.

    Many men have endured torture at the hands of guards that have been extensively documented. 

    One more detainee at Guantánamo is serving a life sentence.

    Three others have been deemed unfit for release, yet have not been chargedaccording to The New York Times.

    Tyler Durden
    Wed, 09/13/2023 – 20:20

  • Fox Corp Sued By New York City Pension Funds, Oregon Over 2020 Election Coverage
    Fox Corp Sued By New York City Pension Funds, Oregon Over 2020 Election Coverage

    Authored by Caden Pearson via The Epoch Times (emphasis ours),

    New York City Pension Funds and Oregon have filed a lawsuit against Fox Corporation’s board related to alleged false narratives in post-2020 election coverage.

    A Fox News channel sign is seen at the News Corp. building in New York on March 20, 2019. (Kevin Hagen/Getty Images)

    The state of Oregon joined New York City Pension Funds in filing a stockholder derivative lawsuit on Tuesday against the board of Fox Corporation, the corporate parent of Fox News, accusing it of a breach of fiduciary duty by opening it up to defamation lawsuits by “peddling known falsehoods” in its post-2020 election coverage.

    The lawsuit was filed under seal in Delaware Chancery Court. In a statement Tuesday, Oregon Attorney General Ellen Rosenblum accused Fox Corporation’s board of allegedly knowingly exposing the company and its shareholders to significant risks by perpetuating allegedly false narratives about the 2020 elections for profit.

    Ms. Rosenblum claimed Fox Corporation’s board “took a massive risk in pursuing profits by perpetuating and peddling known falsehoods.

    The directors’ choices exposed themselves and the company to liability and exposed their shareholders to significant risks,” said Ms. Rosenblum. “That is the crux of our lawsuit, and we look forward to making our case in court.”

    The corporation’s board comprises media tycoon Rupert Murdoch, the chair, and his son Lachlan Murdoch, executive chair and CEO. Other members include William Burck, Chase Carey, Anne Dias, Roland Hernandez, Jacques Nasser, and Paul Ryan.

    The Oregon attorney general is representing the Oregon Public Employee Retirement Fund (OPERF), an investor in Fox Corporation, which holds 150,146 shares of Class A stock and 76,169 shares of Class B stock, with a total approximate value of $5.2 million.

    The lawsuit stems from a joint investigation carried out by the Oregon Department of Justice and the Oregon Treasurer’s Office earlier this year, the attorney general’s office said. Her office said the joint investigation revealed that Fox Corporation’s management, acting on behalf of the company, allegedly harmed investors, including Oregon’s public employees.

    The complaint alleges that Fox Corporation’s board was fully aware that Fox News’ promotion of political narratives, irrespective of the underlying factual accuracy, created substantial exposure to defamation charges.

    “Furthermore, by pushing narratives that appealed to their audience regardless of the facts, Fox’s Board should have been especially sensitive to risks of defamation,” the attorney general’s office stated.

    “Yet, Fox’s business model is to promote false claims.

    Tuesday’s lawsuit, which includes the New York City Pension Funds as a co-plaintiff, further alleges that Fox Corporation made no genuine efforts to monitor or mitigate the risk of defamation, setting it apart from nearly every other major media organization in the country.

    New York City Comptroller Brad Lander, who oversees the pension funds, accused the Fox Corporation board of failing to ensure journalist standards.

    “Fox’s board of directors has blatantly disregarded the need for journalistic standards and failed to put safeguards in place despite having a business model that invites defamation litigation,” Mr. Lander said in a statement on Tuesday. “A lack of journalistic standards and a proper strategy to mitigate defamation has clearly harmed Fox’s reputation and threatens their bottom line and long-term profitability.”

    Treasurer Tobias Read, who is also a member of the Oregon Investment Council, said that safeguarding the retirement investments of Oregon’s public servants is of the “utmost importance.”

    “We aim to hold Fox’s board of directors, including Rupert and Lachlan Murdoch, accountable for their decisions,” Mr. Read said. “We believe that this action is necessary in fulfilling our obligation to our beneficiaries.”

    Fox Corporation declined to comment.

    Tyler Durden
    Wed, 09/13/2023 – 20:00

  • Jailed Proud Boy Leader: Feds Tried To 'Coerce Me' Into Implicating Trump
    Jailed Proud Boy Leader: Feds Tried To ‘Coerce Me’ Into Implicating Trump

    Former Proud Boys leader Enrique Tarrio said in a jailhouse interview that federal prosecutors tried to “coerce” him into implicating former President Donald Trump in the Capitol riot.

    They weren’t trying to get the truth,” Tarrio told the Washginton Post. “They were trying to coerce me into signing something that’s not true.

    Tarrio was sentenced to 22 years in prison last week by US District Judge Timothy Kelly, despite the fact that he wasn’t at the Capitol on January 6, 2021.

    “I was looking and seeking what the plea offer would look like, right?” Tarrio said. “They didn’t want to give me a number. I need a number. To me, the most important thing is when I get home to my family.”

    prosecutors asked him what role then-President Donald Trump played in getting the Proud Boys to attack the Capitol. He said the prosecutors, accompanied by FBI agents in the Miami jail where Tarrio was being held at the time, showed him messages that he exchanged with a second person, who in turn was connected to a third person who was connected to Trump. Tarrio said he told the investigators that he didn’t know the third person. He refused to name the people who prosecutors said allegedly connected him to Trump. -WaPo

    He also told the Post that “there was never an open-ended question after” the feds tried to get him to implicate Trump.

    Tarrio said prosecutors in Miami last fall did not ask him about Roger Stone, a longtime Trump confidant who was an acquaintance of Tarrio’s, or Ali Alexander, a promoter of the “Stop the Steal” rally. He said the federal visitors did not ask him questions about his knowledge of Jan. 6 beyond the theorized connection to Trump. “There was never an open-ended question after that,” Tarrio said.

    Prosecutors did later offer Tarrio a deal: nine to 11 years in prison if he pleaded guilty to seditious conspiracy, according to court records. Tarrio declined.

    During his sentencing hearing, Judge Kelley said Tarrio was the “ultimate leader, the ultimate person who organized, who was motivated by revolutionary zeal.”

    There have been 370 individuals sentenced to prison in connection with the Capitol riot out of 1,100 people charged in the incident.

    Tyler Durden
    Wed, 09/13/2023 – 19:40

  • UAW Boss Says 'Targeted Strikes' On Standby As Talks With Automakers 'Far Apart'
    UAW Boss Says ‘Targeted Strikes’ On Standby As Talks With Automakers ‘Far Apart’

    Update (1930ET): 

    “For the first time in our history, we may strike all of the Big Three at once,” United Auto Workers boss Shawn Fain told members in a Wednesday evening Facebook Live event. 

    Fain said General Motors, Ford, and Stellantis increased their wage offers but rejected some of the union’s other demands. 

    “We do not yet have offers on the table that reflect the sacrifices and contributions our members have made to these companies.

    “To win we’re likely going to have to take action. We are preparing to strike these companies in a way they’ve never seen before.”

    He said if no deal is reached by 11:59 p.m. on Thursday, then “standup strikes” will be unleashed at different auto plants to keep the automakers guessing. “We will not strike all of our facilities at once” on Thursday,” he added. 

    Targeted strikes will help the union sidestep ‘strike pay,’ which amounts to $500 a week per member. 

    Fain said the goal of the targeted strikes is to reach a fair labor deal for members, “but if the companies continue to bargain in bad faith or continue to stall or continue to give us insulting offers, then our strike is going to continue to grow.” 

    With 24 hours left in labor talks, UAW and the automakers are still far apart. 

    *    *    * 

    Talks between United Auto Workers and Detroit’s “Big Three” automakers – General Motors, Ford, and Stellantis, appear stalled on Wednesday morning as the deadline for a new four-year labor deal with automakers quickly approaches.

    UAW boss Shawn Fain is set to speak to the 146,000 members during a Facebook Live event at 1700 ET regarding the ongoing labor negotiations with Ford, General Motors, and Stellantis. According to Bloomberg, Fain is expected to discuss a potential strike strategy.

    AP News reports the Facebook Live event could have the union boss shed more light on “targeted strikes at a small number of factories run by each of Detroit’s three automakers if they can’t reach contract agreements by a Thursday night deadline.” 

    Strikes at parts plants could spark production halts at multiple assembly factories. We detailed Tuesday a large enough strike could plunge Michigan’s economy into a recession

    Last week, automakers submitted contract offers to UAW. Fain quickly threw those in the trash, calling General Motors “insulting.” 

    Bank of America Securities warned clients a “strike is almost guaranteed” because UAW demands and automaker offers are so wide apart.  

    Nelson Lichtenstein, a history professor at the University of California Santa Barbara, told AP if UAW strikes later this week — it would be the largest in decades. 

    Labor actions will likely occur at part factories for pickup trucks and big SUVs, according to Marick Masters, a business professor at Wayne State University in Detroit. 

    “They’re trying to impose some hardship on the companies and apply an accelerating level of pressure to encourage them to make an offer which will be acceptable to the rank and file and goes further toward meeting the demands that they have on the table,” Masters said. 

    He said it would make sense for UAW to target the weakest point of the supply chains: 

    “You would go after the components that would shut down as many of those product facilities as possible.

    “The tactic would force the companies to lay off workers at assembly plants, and they would get unemployment benefits rather than money from the union strike fund.” 

    Meanwhile, pro-union President Biden and his administration appear unconcerned about imminent strike threats across America’s manufacturing automobile hub. 

    It appears the president likes spending time more time at his liberal white-elitest Rehoboth Beach house than actually working. 

    Tyler Durden
    Wed, 09/13/2023 – 19:30

  • Growing Maze Of State And Local Laws Challenging Biden's Energy Push
    Growing Maze Of State And Local Laws Challenging Biden’s Energy Push

    Authored by Steve Miller via RealClear Wire,

    Grassroots resistance to the Biden administration’s ambitious push for a “zero-carbon” economy is coalescing in varied new state laws and local ordinances that threaten to bog down solar and wind development in a multi-front legal and regulatory war on a scale not seen before. 

    Until recently and with few exceptions, squabbles pitted loosely organized local residents against renewable developers, with an average of two major projects a month facing protests and legal action in mostly rural areas, according to a database of renewable rejections compiled by Robert Bryce, a former fellow at the conservative Manhattan Institute. 

    But the escalation of local protests has gradually drawn more elected officials into the fray, with new laws and regulations auguring ever-varying multi-dimensional contests at the federal, state, and local levels to gain approvals, often involving international players: 

    • Laws passed in Ohio and Kansas in 2021 and 2022, respectively, give stronger input to towns and villages that are often the target of well-heeled power companies seeking to use rural land to construct large-scale renewable energy projects. 

    • In Michigan, a group called Michigan Citizens for the Protection of Farmland plans a ballot proposal that would ban large-scale solar farms on agriculturally zoned land across the state, combating a strong renewable lobby in the Democrat-controlled state. 

    • In Maine, lawmakers heeded the formidable fishing lobby and passed a law in 2021 banning wind farms in state waters off the coast. 

    • In the crucial early primary state of Iowa, where farming interests are powerful, opponents are pursuing legislation halting solar plants on land suitable for agriculture within 150 feet of a neighboring property. The bill was introduced earlier this year but did not move past subcommittee approval. 

    Meanwhile, lawmakers in 12 states, including Republican strongholds Florida and Iowa, have passed measures that limit or remove local control of renewable projects, handing more authority to the state. 

    States get to set their own energy policy,” James Coleman, a law professor at Southern Methodist University in Dallas, told RealClearInvestigations. “For example, New York has left a lot of money on the table with natural gas because it doesn’t like fracking, and the federal government has allowed that.” 

    We need to replace all fossil fuels plants with renewables … so my suggestion is that we need some kind of federal intervention for that,” said Michael Gerrard, director of the Sabin Center for Climate Change Law at Columbia University. “I think it is possible given the magnitude of the need.” 

    There’s little question that states and towns are chafing at the rush to development and full deployment of wind and solar. 

    “Our county is under assault,” Bill Hicks, a resident of Franklin County, population 10,000, in east Texas, said at a March hearing in Austin for a proposed legislative measure that would give more power to Texas landowners who resist renewable energy developers. 

    Hicks noted six pending solar plants, adding: “Folks, one of them is 5,000 acres and stretches for nine miles along a highway.” 

    Opponents of the Texas bill represented interests from as far away as Norway and Spain, with billions of dollars in revenue and investments from multi-national corporations. 

    This is an anti-renewable energy bill,” one opponent, Jeff Clark, president of the Advanced Power Alliance, an advocacy group for an international consortium of renewable producers, said in written testimony. “Senate Bill 624 is designed to stop renewable energy development … everywhere in Texas.” 

    Conflicts over renewable source placement from Vermont to Nevada have put locals at odds with the Biden administration’s dream of a carbon-free electric sector by 2035 to combat a “climate crisis” that it claims is driven by fossil fuels. 

    Regulations on renewable plant siting vary widely by state, ranging from a hybrid of local and state authority to outright local or state control. State approval is required of most any energy project, be it oil, gas, wind, or solar. Some states require additional scrutiny of projects over a specified size, while others apply uniform standards regardless of scope. 

    While 31 states have adopted requirements that a percentage of electricity come from renewable sources in the future, where the plants for this electric generation are situated largely rests with private developers, noted Gerrard of Columbia University. 

    “They will decide where to buy and rent the land and where it will work the best,” Gerrard said. “Private developers are very good at that, and it is subject to government approval.” 

    Opposition has a strong element of so-called NIMBY-ism, an acronym for “not in my backyard,” and both sides have turned to the courts on some occasions, with mixed results. 

    Local opponents cite some of the same arguments used against the oil industry for decades: Development means the potential loss of farmland, the impact of developing roads and infrastructure on the environment, and water runoff that endangers the water supply. 

    “A big part of this tears communities apart,” said Jack Van Kley, a Columbus, Ohio-based attorney who has represented groups of residents opposing solar and wind developments. “It becomes a green energy civil war in some places.” 

    With the heft of state law giving these citizens broader say in locating projects on large tracts of wilderness or farmland, energy companies will have to be more diligent when selecting locations. 

    The corporations say large tracts are ideal for siting solar and wind farms close to transmission conveyances, and therefore more profitable. 

    “They also want an area with flat ground, which often means farm ground,” said Van Kley, the Ohio lawyer, whose clients are mostly farmers. 

    Connie Ehrlich has staved off solar development in Pulaski County, Indiana, for three years with a tenacious fight that has included lawsuits, social media blitzes, and overtures to state leaders for help. 

    But Indiana’s political leadership has not cooperated. “They’re all in on solar,” she said, including the state’s Republican Gov. Eric Holcomb, who joined executives from Israeli-owned Doral Renewables at a solar plant groundbreaking last year in Pulaski County. Even the Indiana Farm Bureau, which is supposed to represent farmers in such situations, “has been a real disappointment,” Ehrlich said. “They have been more involved with solar developers than us, hosting events with them. It will cost them membership.” 

    In the state legislature, Indiana Republicans proposed taxpayer-funded payouts to municipalities that allow solar and wind farms. But residents are outspoken against them: “This bill would take our own Indiana taxpayer dollars and offer them back to us as a bribe,” Judith Noll, a resident of rural Whitley County, told legislators during a hearing on the measure

    Indiana Farm Bureau President Randy Kron and Vice President Kendell Culp – also a state representative whose political donors include out-of-state solar industry entities – did not respond to interview requests. 

    Utility siting, be it for fossil fuels or renewable energy, is a political art with huge stakes that has yet to be perfected. 

    The issue has been studied for decades, starting with the designation of land for oil and gas exploration, and is decried for the alleged potential of groundwater pollution. Nuclear facilities are disparaged for the possibility of meltdowns and leaks. 

    Today, objectors look at renewables as a danger to the environment from consuming valuable agricultural or recreational land. Solar developers have flocked to the hinterlands of Nevada, with flat tracts of sunny land viewed as the perfect landscape for vast panel arrays. 

    The area is even more attractive because most of it is federal property, controlled now by an administration foisting billion-dollar breaks on the renewables industry. In July, Warren Buffet’s NV Energy bought 7,200 desert acres from the feds for $82 million in an auction. The land, set to be covered with solar panels, is close to the town of Beatty, Nevada, which leverages its proximity to Death Valley National Park as a recreation and tourism draw. 

    The town’s leaders fear that even though Beatty has so far managed to stave off largescale solar development, the new land deal 11 miles south is a dark portent. 

    “When NextEra Energy came to the town and wanted to put a facility in, they asked us, ‘What do you want?’” said Erika Gerling, who chairs the Beatty Town Advisory Board. “They offered to build some big fancy visitor center thing, but we don’t want any of that. We want to have our own economy.” NextEra wanted to build a 3,000-acre solar plant that would go right up to the entrance to Death Valley, on a scenic desert-scape that defines the region’s stark natural beauty. 

    To fight large corporate interests, “people have to stand up and be strong and be outraged,” said Gerling, who has been pleased by the support of two Democratic state senators, Jacky Rosen and Catherine Cortez Masto. “It’s one thing if I write a letter for the advisory board but another when 100 citizens from the town come out to talk about it.”  

    Several of the major renewable corporations, including NextEra and Invenergy, did not respond to requests to speak about their siting policies.  

    Several communities in Michigan have passed moratoriums on solar development, some under a 1974 law that allowed farmland to be protected by the state for a specified period ranging up to 90 years. But Michigan Gov. Gretchen Whitmer ordered the statute amended in 2019, allowing solar panels to be placed on the protected land. A spokeswoman for the state of Michigan did not respond to emailed questions on the Democratic governor’s action. 

    Her order rankles some members of the state’s farming community, who are working on a ballot proposal to protect farmland. 

    “Making sure these renewable projects are done right is about protecting the country, and at the end of the day we have to protect our farmland,” said Erin Hamilton, who is leading an effort to enforce Michigan’s protection of agricultural land. “Look at history, and any civilization that has gone under … One of the things that broke it is that they lost control of their food supply.”

    Tyler Durden
    Wed, 09/13/2023 – 19:20

  • UN Agency Crowns Biden's Southern Border As 'Deadliest Migration Route Worldwide' 
    UN Agency Crowns Biden’s Southern Border As ‘Deadliest Migration Route Worldwide’ 

    President Biden and the Democrats’ radical open border policies have sparked the worst US-Mexico border crisis on record. Readers have already known this, but a new report from the International Organization for Migration (IOM) revealed the southern border is the most dangerous route in the world on record. 

    IMO documented 686 migrant deaths and disappearances across the southern border in 2022, accounting for about half of all incidents in the Americas that year. With 1,457 total migrant deaths and disappearances in the region, 2022 stands as the deadliest year since the organization started compiling data in 2014.

    Since President Biden took office, more than 5.8 million illegals have flooded the southern border, a number comparable to the population of Denmark. The surge in migrants can be directly linked to Democrats’ far-left open border policies. 

    https://platform.twitter.com/widgets.js

    “Although the data shows that deaths and disappearances in the US-Mexico border decreased by 6 percent from the previous year, the 2022 figure is likely higher than the available information suggests, due to missing official data, including information from Texas border county coroner’s offices and the Mexican search and rescue agency,” IMO said. 

    The IOM Regional Director for South America, Marcelo Pisani, called the border crisis a “grim reality.” At the same time, she said, “The impacts on the families left behind to search endlessly for a lost loved one are profound.” 

    https://platform.twitter.com/widgets.js

    Recall that in Biden’s first 100 days of office, his administration used 94 executive actions on immigration, including halting the border wall construction. 

    Fast forward to the present day, the border crisis has spread to New York City. New York Mayor Eric Adams warned last week the migrant crisis will ‘destroy New York City‘ and slammed the Biden administration for doing nothing about the problem they created.

    And Democrats are turning on each other. 

    Even the liberal women on The View don’t want these migrants. 

    https://platform.twitter.com/widgets.js

    Democrats own the border chaos spreading like a virus through US cities.

    Tyler Durden
    Wed, 09/13/2023 – 19:00

  • Marching Orders: White House Letter Tells Media To "Ramp Up Their Scrutiny" Of GOP In Response to Impeachment Inquiry
    Marching Orders: White House Letter Tells Media To “Ramp Up Their Scrutiny” Of GOP In Response to Impeachment Inquiry

    Authored by Jonathan Turley,

    I have previously written how the level of advocacy and bias has created a danger of a de facto state media in the United States.

    It is possible to have such a system by consent rather than coercion.

    Given that long concern, a letter drafted by the Biden White House Legal Counsel’s Office was striking in a call for major media to “ramp up their scrutiny” of House Republicans “for opening an impeachment inquiry based on lies.”

    The message is curious and concerning, particularly in the aggressive role being played by the White House Counsel’s office under Stuart Frank Delery.

    First, as I have previously noted, the White House is now actively involved in pushing narratives and denying factual allegations linked to the Biden corruption scandal.

    That could create Nixonian-type allegations of the abuse of office in the use of federal employees to counter impeachment efforts.

    Second, the letter was drafted by Ian Sams, a spokesperson for the White House Counsel’s Office. So White House lawyers are now enlisting the media in a counter media campaign against impeachment?

    The letter removes any pretense of separation between the Biden personal legal team and the White House Counsel’s office. Sams has been the most aggressive White House official in actively swatting down allegations of corruption as well as the President’s documents investigation.

    Third, the letter calls for the media to actively support the White House account.

    The draft of the letter is a call for what I have previously criticized as “advocacy journalism” where reporters frame stories to advance their own viewpoints or values.

    Sams wrote “[c]overing impeachment as a process story – Republicans say X, but the White House says Y – is a disservice to the American public who relies on the independent press to hold those in power accountable.” In other words, media should (and it has for years) decline to give equal attention to allegations against the Bidens and instead tell the public what the truth is.

    It is a call for media to tailor the coverage to push the position of the White House against this effort to ramp up the investigation into corruption.

    It is an approach that is already embraced by many in the media. That was evident in the meltdown of Washington Post columnist Philip Bump recently when he was confronted by countervailing evidence in the Biden scandals.

    Before storming out, Bump chastised the interviewer for not just taking his work as the “putative expert” and said that he had enough “because you don’t listen to the press. I’m sitting here and I’m telling you, you’re wrong about these things, and you don’t listen, and you continue to insist upon things that are, you know, parsing of language.”

    That appears the approach pushed by Sams, who specifically references Facebook and Fox as enemies of the truth:

    “in the modern media environment, where every day liars and hucksters peddle disinformation and lies everywhere from Facebook to Fox, process stories that fail to unpack the illegitimacy of the claims on which House Republicans are basing all their actions only serve to generate confusion, put false premises in people’s feeds, and obscure the truth.”

    The letter has an uncomfortable feeling of marching orders to the media. 

    This is a media that followed the lead of Biden associates in spreading the false story that the Hunter laptop was Russian disinformation.

    This is the media that refused to acknowledge the authenticity of the laptop until only recently — long after the presidential election.

    This was the media that only recently admitted that President Biden has been lying about denials related to his son’s influence peddling.

    Yet, the White House is now calling for the media to again circle the wagons around the President and attack the impeachment effort as it did the laptop and the corruption investigation.

    Once again, what is most disturbing is that the White House shows no reluctance or concern in making such an open pitch to the press. There is a sense of license in using the media as an extension of the White House press push. The fact that this is a representative of the White House counsel’s office is particularly chilling. This is not the press office but the counsel for the President calling on media to form a unified front against the Republicans and the impeachment inquiry.

    The letter is an alarming erosion of separation of the White House Counsel’s office from the Biden defense team. It also confirms an active and aggressive role of White House officials in swatting down allegations against the President. While the staff obviously is not expected to be neutral on impeachment, there is a careful line that past White House counsels have walked between fulfilling their duties to the office as opposed to the officeholder.

    Tyler Durden
    Wed, 09/13/2023 – 18:40

  • China Brings Taliban Out Of Total Isolation In Sending New Ambassador
    China Brings Taliban Out Of Total Isolation In Sending New Ambassador

    The Taliban government of Afghanistan is seeking to break loose from its isolation on the world stage, with a little help from Communist China, of all countries. 

    For the first time since the Taliban seized power in August 2021 amid the disastrous and bloody rapid American pullout, Kabul has welcomed a new Chinese ambassador to Afghanistan

    China’s new ambassador to Afghanistan Zhao Sheng shakes hand with Taliban Prime Minister Mohammad Hasan Akhund. via AP

    The Taliban apparently pulled out all the stops Wednesday in creating a lot of fanfare to greet Ambassador Zhao Sheng, with The Associated Press observing that his “car swept through the tree-lined driveway of the Presidential Palace escorted by a police convoy,” after which he was “greeted by uniformed troops and met top-ranking Taliban officials, including Mohammad Hassan Akhund, who heads the administration, and Foreign Affairs Minister Amir Khan Muttaqi.”

    “It is the first time since the Taliban takeover that an ambassador to Kabul has been afforded such lavish protocol,” the report noted. 

    While the vast majority of countries around the world, including the US, have not formally recognized Taliban rule, China has remained among the few that have maintained a diplomatic mission in Kabul. 

    China as the globe’s second largest economy has expressed a desire to better ties with Afghanistan, especially on a commercial and investment front, also given the potential for Belt & Road related infrastructural works. But it remains that security and terror attacks have plagued the country. 

    Attempting to put on a new positive face for the world to see of ‘responsible rule’, Taliban spokesman Zabihullah Mujahid had this to say:

    “It also signals to other countries to come forward and interact with the Islamic Emirate,” said Mujahid. “We should establish good relations as a result of good interactions and, with good relations, we can solve all the problems that are in front of us or coming in the future.”

    https://platform.twitter.com/widgets.js

    Within months after the US-NATO pullout from the country, following a more than 20-year occupation, there were widespread rumors that China was eyeing moving troops into abandoned US military bases. This never materialized, but it’s likely Beijing is more interested in the central Asian country’s rare earth minerals.

    One CNN headline noted that the Taliban is sitting on at least $1 trillion worth of rare earth minerals, but extracting this in the long term amid a deteriorated security environment is quite another story. China could be positioning itself to provide the kind of technology and infrastructure needed for such future projects.

    Tyler Durden
    Wed, 09/13/2023 – 18:20

Digest powered by RSS Digest

Today’s News 13th September 2023

  • The UK's Coming Eco-Totalitarianism
    The UK’s Coming Eco-Totalitarianism

    Authored by David Craig via The Daily Sceptic,

    The Government’s plans to force Britain to achieve ‘Net Zero’ CO2 emissions by 2050 seem to be falling apart. Few people seem interested in buying expensive, range-limited electric vehicles. Even fewer want to replace their cheap efficient gas boilers with expensive and poor-performing heat pumps. Offshore windfarms were a key part of our Government’s ‘Net Zero’ decarbonisation plans, yet there were no companies bidding for the recent group of offshore windfarm contracts. And our rulers seem unable to make up their minds about which technology to choose for Britain’s new generation of SMRs (small modular nuclear reactors) even though Rolls Royce has already developed a version which can work in the hostile underwater operating environment of nuclear-powered submarines and so could be quickly and inexpensively adapted for use on dry land.

    However, having realised that it cannot provide sufficient electricity to power Britain as a supposed ‘renewable energy superpower’, the Government has come up with a brilliant solution – force us to use much less electricity.

    I recently wrote an article for the Daily Sceptic explaining some of the more worrying aspects of the Energy Bill currently approved by a massive majority in the Commons and likely to be enthusiastically passed with a similar massive majority in the Lords.

    In my article I quoted several sections from the Energy Bill. However, as these were written in almost incomprehensible legalese, I thought it might be useful to describe three common scenarios which will arise once the Energy Bill has become law.

    • First, there is the replacement of existing electricity and gas meters. Our electricity and gas meters have a registered lifetime of anywhere between 10 and 25 years depending on the type of meter. Once a meter’s lifetime has expired, it should be replaced. Under the terms of the Energy Bill, someone from your power supplier will have the right to enter your home to replace your current meter with a smart meter. If you refuse him entry or try to refuse having a smart meter installed, he can legally return with police back-up, force entry into your home and use what is called “reasonable force” to restrain you while he rips out your old-fashioned meter and replaces it with a smart meter. “Reasonable force” might just mean handcuffing you during the installation or could even mean detaining you in a cell at the local police station while your meters are changed.

    • Second, there is what happens when you wish to rent or sell your home or another property. It seems likely that we will be banned from renting out or selling any residential property unless it has an EPC (Energy Performance Certificate) rating of ‘C’ or above. Currently there are just over one million home sales a year in Britain. Of these home sales, around 41% have an EPC rating of ‘C’ or above. This means that under the terms of the Energy Bill, over 590,000 homes a year would have to have alterations made to improve their EPC rating before they could be rented out or sold. These alterations could range from just installing double glazing or adding a little loft or wall insulation to spending tens of thousands of pounds installing a heat pump which would include replacing all the pipes and radiators in a home and could even require ripping up carpets and floors to install underfloor heating.

    • Third, there are what are known as Energy Saving Opportunity Schemes (ESOS), where “opportunity” has a distinctly Orwellian flavour. With ever more homes having smart meters, energy suppliers will be able to identify towns, neighbourhoods, streets and even individual homes which Government ‘experts’ consider to be using too much electricity. The Energy Bill introduces ESOSs, which would give the legal right for energy inspectors to enter any home, using “reasonable force” if necessary, in order to make an energy-saving assessment and propose ways the homeowner could improve the property’s energy efficiency.

    In all three of the above three scenarios, refusal by the homeowner to comply with the Government’s requirements would be a criminal offence with penalties of fines of up to £15,000 and imprisonment of up to one year.

    That a supposedly “Conservative” Government would use its parliamentary majority to introduce such intrusive and oppressive eco-totalitarianism is something that few of us would have imagined possible.

    *  *  *

    David Craig is the author of There is No Climate Crisis, available as an e-book or paperback from Amazon.

    Tyler Durden
    Wed, 09/13/2023 – 02:00

  • JFK Assassination Witness Breaks 60-Year Silence, Refutes Key Claim
    JFK Assassination Witness Breaks 60-Year Silence, Refutes Key Claim

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    A witness to the assassination of President John F. Kennedy spoke out for the first time in 60 years and refuted a key claim regarding the 1963 incident and a “magic bullet.”

    The Kennedys’ motorcade drives through downtown Dallas Nov. 22, 1963, moments before the shooting of President John F. Kennedy. (Bettmann/Corbis)

    Paul Landis, an 88-year-old former Secret Service agent, was just a few feet away from when President Kennedy was shot and killed in Dallas, Texas. At the time, he was assigned to protect Jackie Kennedy, the former first lady.

    Mr. Landis, in a recent interview with the New York Times, cast doubt on the government-backed Warren Commission’s finding that a “magic bullet” struck and exited the president before it struck then-Texas Gov. John Connally Jr., a theory that has been the subject of criticism for decades and has helped fuel a range alternative theories about the former president’s assassination. Officially, the U.S. government and Central Intelligence Agency (CIA) has maintained that a lone gunman—Lee Harvey Oswald—was the sole perpetrator.

    Based on discrepancies between things that he witnessed during the assassination and the Warren Commission’s report that investigated the president’s death, he said “I’m beginning to doubt myself” and that “now I begin to wonder.”

    In the interview with the paper, published on Sept. 9, Mr. Landis recalled hearing multiple gunshots at Dealy Plaza in Dallas as he went behind President Kennedy’s limousine, seeing the president moving forward after being shot in the head. After the assassination, Mr. Landis recalled picking up what he called a near-perfect-condition bullet from the back seat of President Kennedy’s limousine, near where the president had been sitting.

    The former agent then transported the bullet to the hospital where President Kennedy was taken and put on a stretcher to be examined. The reason why he took it is because he believed someone might pocket the bullet, which he did not describe in detail, as a keepsake.

    Mr. Landis suggested in the interview that the reason why investigators believed that the “magic bullet” struck both the former president and the Texas governor, Mr. Connally, is because the bullet that Mr. Landis discovered was later found on a stretcher belonging to Mr. Landis. It wasn’t until the NY Times interview this week that Mr. Landis confirmed that it was he who found the bullet and placed it there.

    He added that he did not believe the bullet went too deeply in President Kennedy’s back before, according to him, “popping back out” before he was removed from the limousine.

    It was a piece of evidence that I realized right away [was] very important,” Mr. Landis told the outlet. “And I didn’t want it to disappear or get lost. So it was, ‘Paul, you’ve got to make a decision’—and I grabbed it.”

    Television footage of President John F. Kennedy and First Lady Jacqueline Kennedy are shown in the presidential limousine in the moments before Kennedy was assassinated in Dallas, Texas, on Nov. 22, 1963. (Reuters)

    After the incident, he recalled that “there was nobody there to secure the scene, and that was a big, big bother to me,” adding, “All the agents that were there were focused on the president.”

    The paper quoted him as saying that it wasn’t until 2014 that he realized that the location of the bullet’s recovery that was cited by him was different than what was cited in the Warren Commission. He then checked with several officials but received skepticism, with officials saying he filed multiple written reports himself with the Commission decades ago.

    According to the paper, Mr. Landis said he filed two separate reports with the Warren Commission and neither statement made reference to finding the near-perfect bullet or placing it on a stretcher. Instead, he reported only hearing gunshots. Mr. Landis said he was in a state of shock and hadn’t slept much when he filed the statements.

    The Warren Commission has long dismissed claims that the bullet came from President Kennedy’s stretcher.

    Explaining why he hasn’t spoken out for 60 years, the former agent said, “I didn’t want to talk about it.” He left the Secret Service months after the assassination. “I was afraid. I started to think, did I do something wrong? There was a fear that I might have done something wrong and I shouldn’t talk about it,” he said.

    Historian James Robenalt, who helped work on Mr. Landis’s forthcoming memoir, said his eyewitness account raised the possibility of there being more than one gunman.

    If the bullet we know as the magic or pristine bullet stopped in President Kennedy’s back, it means that the central thesis of the Warren Report, the single-bullet theory, is wrong,” he told the NY Times.

    Writing for Vanity Fair, Mr. Robenbalt posited that if the “magic bullet” didn’t hit both President Kennedy and Mr. Connally, there may have been a separate shot.

    “The FBI recreation suggests that Oswald would not have had enough time to get off two separate shots so quickly as to hit Connally after wounding the president in the back,” he wrote. Mr. Oswald, according to officials, had used a bolt-action Carcano Model 38 infantry carbine.

    Referring to his memoir, meanwhile, Mr. Landis said that “there’s no goal at this point. I just think it had been long enough that I needed to tell my story.”

    Tyler Durden
    Tue, 09/12/2023 – 23:45

  • Russia's Navy Port At Sevastopol On Fire After Massive Ukraine Missile Attack
    Russia’s Navy Port At Sevastopol On Fire After Massive Ukraine Missile Attack

    In the overnight and morning hours of Wednesday (local time) a major attack has ensued on Russia’s key Black Sea naval port of Sevastopol. Multiple social media videos emerged showing massive blazes at the Sevastopol shipyard, with possible deaths, and at least 24 people being reported injured. 

    Initial reporting in Reuters and CNN strongly points to a missile attack, based on statements by Sevastopol governor Mikhail Razvozhaev, who said “Our enemies attacked Sevastopol” and that “The air defense was at work.”

    https://platform.twitter.com/widgets.js

    The precise location of the large fire is the Kilen-Balka area of Sevastopol. Reuters reports that “A Ukrainian air attack early on Wednesday sparked a fire at the Sevastopol Shipyard in Crimea, injuring at least 24 people, the Russia-installed governor of Sevastopol, Mikhail Razvozhayev, said on the Telegram messaging app.”

    At least four of the injured have been reported as being in “serious condition”.

    Initial and unconfirmed social media photographs show what appears to be a direct hit on one or more military vessels docked at the naval port.

    The aftermath of the attack was captured from multiple angles, appearing to confirm significant damage to ships and port infrastructure…

    https://platform.twitter.com/widgets.js

    Open source analysts are already suggesting that at least one docked Russian submarine may have been taken out in the attack. 

    An assault of this size is indeed likely more than just the work of drones; instead Ukraine probably utilized long-range missiles supplied from Western NATO partners. 

    https://platform.twitter.com/widgets.js

    Currently, the Biden administration is moving toward supplying Kiev with either ATACMS or GMLRS missiles. These are long-range systems and the administration was previously reluctant to supply them on fear of direct escalation with Russia. 

    Huge initial fireball captured by local residents…

    https://platform.twitter.com/widgets.js

    But this massive attack on Sevastopol seems another act of desperation. Given the failing counteroffensive, it looks like Kiev is “going big” on attacks against Russian territory, in hopes of sparking a broader conflict that draws NATO in, which Ukraine likely sees as its only hope. 

    One more item of note, presented with no commentary. On the day Elon Musk’s biography drops, amid mainstream media’s desperate spin of the SpaceX founder’s interference with Starlink in Ukraine, there was a major, global, outage of the satellite internet service…

    Source: DownDetector.com

    SpaceX acknowledged the Starlink outage on X at 2033ET, and then wrote at 2139ET on X that “The network issue has been fully resolved.”

    Tyler Durden
    Tue, 09/12/2023 – 23:21

  • Forget The Second Home At The Lake, US Vacation Home Buyers Are Going To Mexico
    Forget The Second Home At The Lake, US Vacation Home Buyers Are Going To Mexico

    Authored by Mark Gilman via The Epoch Times (emphasis ours),

    With the average 30-year fixed mortgage interest rate now over 7 percent and a shockingly low inventory of homes available, Americans are looking for second or vacation residences out of the country more than ever. According to a report from Coldwell Banker, 92 percent of high-net-worth Americans actively looked at real estate overseas last year and two-thirds (67 percent) of those surveyed said they already own residential property outside the United States, according to Mansion Global. So, what country is experiencing the highest rate of American home buyers? Mexico.

    Atomosphere of the Carbon38 and Hamptons Magazine Opening Celebration of the Beach House in Bridgehampton, New York, on July 30, 2016. (Mark Sagliocco/Getty Images for Hamptons Magazine)

    Buying a home is not as cheap in Mexico as it once was, but you get a lot for the money,” Certified International Property Specialist for Worth Clark Realty Daniel Seidel told The Epoch Times. A Mexican native, Mr. Seidel says there’s a lot to like about buying a second home in Mexico. “When you experience the culture, the food, the people and the fact it’s just a short plane ride away from the States, it’s a popular choice for my clients. If you live there half-time, it’s ideal. My advice is to work here, make money, go there and spend it.”

    According to a new study from online Real Estate marketplace Point2, based on 136,530 monthly searches on Google, Mexico is the most popular home-buying location, especially for men in the 35- to 44-year-old age group. But what are these buyers looking for?

    First off, it should be a better version of the home they already live in and boast all the amenities they love or would love to have; and second, the location should be exceptional. That’s why beach and waterfront properties in countries like Mexico, Puerto Rico and Costa Rica immediately come to mind,” Andra Hopulele of Point2 said in a statement to The Epoch Times. She also mirrored Mr. Seidel’s belief that countries like Mexico are high up the wish list because of its proximity to the United States. “These locations also make sense to the American buyer because they’re closer than, say, European countries like Italy or Spain, which might be lovely to visit but are harder to access as a homebuyer.”

    In the Homes2 study, Canada was the second most popular destination for U.S. homebuyers, with monthly searches jumping 54 percent since last year’s edition. Costa Rica was third and Puerto Rico was fourth for most popular locations.

    Locations like the ones that made the top 10 seem to have it all,” Ms. Hopulele said. “They are not home, but they are close to home; they capture home seekers’ imagination with their incredible potential for rest, relaxation, and entertainment due to their amazing climate, never-ending beaches and turquoise waters, and fascinating cultures. Best of all, these homebuying destinations often have more affordable home prices.”

    However, according to a recent report from the National Association of Realtors (NAR), foreign investors are not returning the favor, and are instead backing off from purchasing in the United States for the same reasons Americans are looking elsewhere: high prices, mortgage rates, and a lack of inventory. According to the NAR, the number of existing homes purchased by foreign buyers from April 2022 to March 2023 decreased to its lowest level since 2009. International buyers purchased $53.3 billion worth of U.S. residential properties during the period, down 9.6 percent from the previous year and the 84,600 existing homes sold was down 14 percent.

    Mr. Seidel said that while Mexico continues to top lists for U.S. buyers and expats in the country, the journey to homeownership there is challenging.

    As a foreigner [in Mexico], it’s difficult unless you have a business in the country or a local bank relationship, but even then, I’m not sure they’d give you the loan,” he said. “It really depends on a pretty sizeable down payment, north of 40 percent. You also have to buy life insurance in case something happens to you so the bank can make sure the mortgage is paid.”

    Home2’s report stated that Canada’s increase in U.S. buyer attention reflects the “calmer and more peaceful lifestyle” in the country is becoming more appealing to American home seekers “than Mexico’s dreamy beaches and lively, vibrant culture.”

    Crime in Mexico has become a big concern for Americans looking to move or purchase property. According to a U.S. State Department advisory earlier this year, “Organized crime activity – including gun battles, murder, armed robbery, carjacking, kidnapping, forced disappearances, extortion, and sexual assault – is common along the northern border and in Ciudad Victoria.” There have also been many news reports focused on increased crime in popular tourist destinations such as Cancun and Puerto Vallarta.

    But Mr. Seidel says the benefits of moving to Mexico outweigh the crime concerns. “The hot buying areas are the beaches like Puerta Vallarta, Cabo [San Lucas] and Oaxaca. Crime in Puerta Vallarta is hit-and-miss and with the current government on the way out, crime has risen and it’s all over the place. You just have to be a little more careful. Listen, parts of London and Spain aren’t safe either,” he said.

    Tyler Durden
    Tue, 09/12/2023 – 22:45

  • CIA Bribed Analysts To Change Lab-Leak Conclusions: 'Senior-Level' Whistleblower
    CIA Bribed Analysts To Change Lab-Leak Conclusions: ‘Senior-Level’ Whistleblower

    A ‘senior-level’ CIA whistleblower has come forward to allege that the agency bribed analysts to change their opinion that Covid-19 most likely originated in a lab in Wuhan, China, according to the NY Post.

    The whistleblower told House committee leaders that his agency ‘ tried to pay off six analysts who found SARS-CoV-2 likely originated in a Wuhan lab if they changed their position and said the virus jumped from animals to humans,’ according to a Tuesday letter from the chairmen of two House subcommittees investigating the pandemic response and US intelligence, Brad Wenstrup (R-OH) and Mike Turner (R-OH).

    The pair have requested all documents, communications and pay info from the CIA’s Covid-19 Discovery Team by Sept. 26.

    According to the whistleblower, at the end of its review, six of the seven members of the Team believed the intelligence and science were sufficient to make a low confidence assessment that COVID-19 originated from a laboratory in Wuhan, China,” reads the letter from the House panel chairmen.

    “The seventh member of the Team, who also happened to be the most senior, was the lone officer to believe COVID-19 originated through zoonosis.

    “The whistleblower further contends that to come to the eventual public determination of uncertainty, the other six members were given a significant monetary incentive to change their position,” the letters continue, adding that the analysts were “experienced officers with significant scientific expertise.”

    Wenstrup and Turner also asked for documents and communications between the CIA and other federal agencies, including the State Department, FBI, the Department of Health and Human Services and the Energy Department.

    In a separate letter, the House committee leaders identified former CIA Chief Operating Officer Andrew Makridis as having “played a central role” in the COVID investigation and asked him to sit for a transcribed interview. -NY Post

    In June, the US Intelligence Community declassified a 10-page report on COVID origins, in which it found “biosafety concerns” and “genetic engineering” taking place in Wuhan, but that most of its “agencies assess that SARS-CoV-2 was not genetically engineered.”

    As the Post points out, however, several scientists at the WIV fell ill in late 2019 with symptoms “consistent with but not diagnostic of COVID-19,” according to the intelligence report, which concluded that the CIA and another intelligence agency “remain unable to determine the precise origin of the COVID-19 pandemic, as both hypotheses rely on significant assumptions or face challenges with conflicting reporting.”

    Pushback

    Not all former US intelligence officials agree with the declassified report – such as former DNI John Ratcliffe, who told Congress that the “lab leak theory” was the “only” credible explanation for the pandemic.

    “My informed assessment as a person with as much access as anyone to our government’s intelligence … has been and continues to be that a lab leak is the only explanation credibly supported by our intelligence, by science and by common sense,” he told the House Select Subcommittee on the Coronavirus Pandemic in a hearing.

    “If our intelligence and evidence supporting a lab leak was placed side by side with our intelligence and evidence pointing to a natural origins or spillover theory, the lab leak side of the ledger would be long, convincing, even overwhelming — while the spillover side would be nearly empty and tenuous,” Ratcliffe continued.

    Read the letters below:

    Sscp Hpsci Letter to CIA Re… by New York Post

    Sscp Hpsci Letter to Makrid… by New York Post

    Tyler Durden
    Tue, 09/12/2023 – 22:11

  • Flash Mob Robberies Are Not "Just Kids From Social Media", They're Organized Crime
    Flash Mob Robberies Are Not “Just Kids From Social Media”, They’re Organized Crime

    Authored by Daisy Luther via The Organic Prepper blog,

    There’s an epidemic spreading across America, and it isn’t the one the mainstream media is talking about. It’s the epidemic of flash mob robberies. This is not only causing problems due to the violence and trauma inflicted on those present during the event. It’s also driving up costs even further in a nation facing unprecedented inflation.

    According to Loss Prevention Magazine, each event costs retailers approximately $700,000 for every billion dollars in sales, and it’s happening almost daily.

    A lot of people seem to brush off flash mob robberies as a bunch of kids who got together through social media getting out of hand. But they’re symptoms of a bigger rot: organized crime and neutered criminal justice policies that are spreading across our country fast.

    What’s a flash mob robbery?

    If you haven’t heard of these, you may be wondering what a flash mob robbery is.

     A flash mob robbery is a form of organized crime that occurs when groups of people suddenly enter a store, steal as many items as possible, and vanish as quickly as they appear. For those around them, it’s often terrifying and disturbing. The schemes are usually thought out via social media and executed within a matter of minutes. The groups typically disguise themselves by wearing masks, hoodies, or gloves. Often, aggressive behavior is used and causes those who are present great distress.

    The trend began in California, but it’s important not to think, “Oh, I’m safe because I don’t live in California.” It’s beginning to spread outside of the state because of several reasons.

    1.) Nobody stops them. People in retail outlets just stand back for their own safety. (Most locations require employees to do this.)

    2.) On the off chance the criminals are caught, they’re generally released within a matter of hours because of bail reform.

    It may just be a big city problem right now, but I am certain we’ll see this spread more and more as the criminally inclined – or even younger folks in general – see others getting away with it with no consequences.

    Best Buy has previously cited organized retail crime as the reason their profits have continued to dip.

    It’s not just kids out for kicks.

    Before we start dumping on the younger generation, however, it’s important to note that, in many cases, this is organized crime. According to the GVWire:

    The flash mobs are usually organized by local people who recruit their crews and send them to steal specific merchandise requested by criminal organizations throughout the country, said Ben Dugan, president of the Coalition of Law Enforcement and Retail.

    Those who do the stealing get paid between $500 and $1,000 to take as much as they can and bring it back to organizers who ship it to other parts of the country.

    “Crew bosses organize them, they’ll give him the crowbars, and in some cases even rent them cars, or provide them with escape routes or a list of products to actually go out and steal. It looks very chaotic but it’s actually very well organized,” Dugan said.

    The flash mobs are a symptom. The organizers are the illness.

    It’s not just high-end luxury stores either.

    The Los Angeles Daily News cited a podcast when explaining the issue in a recent article.

    However, according to the National Retail Federation, high-end stores with luxury items represent the minority when it comes to targets for organized retail crime.

    “(Organized retail crime) groups also target everyday consumer goods,” David S. Johnston, vice president of asset protection and retail operations with the federation, said in a video the organization made on retail crime. “They have a preference (for) goods of lesser value with an increased resale value.”

    Some then sell the stolen merchandise to individuals or a group, called a “fence” by law enforcement, through online marketplaces, swap meets or seemingly legitimate businesses, CHP officials said. The buyers may or may not be aware the items they purchase were stolen.

    The LADN continues to explain:

    LAPD has dealt with groups of high school kids overwhelming convenience store clerks for several years, but said these flash mobs are well-planned and organized.

    “They’ve cased it out, they’ve looked at it, they get it over with quickly,” Pitcher added. “It’s different from the thrill of doing it for public consumption.”

    Organized retail crime rings target items that are difficult to track and are easily resold. Stolen items such as Tide detergent, baby formula, cosmetics, Louis Vuitton handbags and vitamins that once were hawked at flea markets or street corners are now fenced online by gangs to raise money for their activities, said Rachel Michelin president and CEO of the California Retailers Association.

    “What we are seeing is more sophistication,” Michelin said. “We see a lot more recruiting; they recruit street gangs, the homeless. They will pay them 100 bucks to go in and steal.”

    In many cases, the suspects – almost all wearing hoodies and masks – have been in and out in between two and four minutes, Pitcher said. Police are also learning most of the getaway vehicles are either rented under fictitious names, or “cold plated”, meaning they’re affixed with license plates that don’t match the vehicle’s registration, most likely because a thief has stolen a license plate off another car.

    Store security isn’t really much help, as the numbers are so overwhelming, and they are restricted by laws that don’t allow them to use force in the protection of merchandise.

    Bystanders, whether they’re store staff or shoppers, are encouraged by law enforcement and management to “be good witnesses” and not do anything to prevent the thefts.

    What can be done?

    Until these crimes are prosecuted and the organizers sniffed out, there’s little that can be done to prevent the ongoing spread of flash mob robberies. Weak policies that allow criminals to leave after being arrested with zero-dollar bail offer little in the way of deterrence.

    Mall and retail security expert David Levenberg and Ben Dugan, president of the Coalition of Law Enforcement and Retail, talked to The AP about it:

    “Crew bosses organize them. They’ll give him the crowbars, and in some cases even rent them cars, or provide them with escape routes or a list of products to actually go out and steal. It looks very chaotic, but it’s actually very well organized,” Dugan said.

    “We’re not talking about someone who needs money or needs food. These are people who go out and do this is for high profit, and for the thrill,” he said.

    In some cases, though, the thieves may be copycats rather than people working with organized networks, Levenberg said. He said the thieves may be thinking: “‘Did you see what happened in San Francisco? Let’s go to the Grove and do it.’”

    And while smash-and-grab thefts are occurring nationwide, Levenberg said cities with progressive prosecutors — like Los Angeles and San Francisco — are especially hard-hit because the punishments for perpetrators are not as harsh as in other cities.

    “The consequences are minimal, and the profits are substantial,” said Levenberg, founder of Florida-based Center Security Services.

    There’s not a lot that can be done on the personal end to prevent such crimes.

    • Retailers are advised not to put expensive goods near windows or exits and to focus employees on keeping customers safe rather than interacting with thieves.

    • The other important factors are installing district attorneys who are tough on crimes like this. These modern catch-and-release policies don’t work, and we’re seeing what happens when laws are not enforced with enough deterring factors to make people think twice.

    • The other side of the coin is that you should be careful what you buy off websites like Craigslist and Facebook Marketplace. Those bundles of laundry soap you’re getting for a dime might not be as appealing if you realize they could be stolen goods.

    If you’re present at a flash mob robbery, think carefully before engaging. Personally, I’m not putting myself or my family at risk to engage with a group of 20+ people intent on stealing someone else’s merchandise. You may feel differently, but it’s essential that you don’t put other innocent people in harm’s way to confront a group of criminals.

    *  *  *

    Daisy Luther is a coffee-swigging, adventure-seeking, globe-trotting blogger. She is the founder and publisher of three websites.  1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty; 2)  The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived; and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. Her work is widely republished across alternative media and she has appeared in many interviews.

    Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com You can find her on FacebookPinterestGabMeWeParlerInstagram, and Twitter.

    Tyler Durden
    Tue, 09/12/2023 – 22:05

  • $1.5 Trillion Dollars Worth Of 'White Gold' Found In Supervolcano On Nevada-Oregon Border
    $1.5 Trillion Dollars Worth Of ‘White Gold’ Found In Supervolcano On Nevada-Oregon Border

    An ancient supervolcano along the Nevada-Oregon border contains what could be the world’s largest single deposit of lithium. The findings could reshape the West’s supply of the critical metal — and might even change the geopolitical game with China. 

    Researchers from Lithium Americas Corporation, GNS Science, and Oregon State University published their findings in the Journal for Science Advances on Aug. 31. They found the McDermitt Caldera, a caldera measuring 28 miles long and 22 miles wide, on the Nevada-Oregon border, contains around 20 to 40 million metric tons of lithium – a figure that would dwarf deposits in Australia and Chile.

    Commenting on the findings is Anouk Borst, a geologist at KU Leuven University and the Royal Museum for Central Africa in Tervuren, Belgium, who told Chemistry World that the McDermitt Caldera deposit “could change the dynamics of lithium globally, in terms of price, security of supply and geopolitics.” 

    Data from the United States Geological Survey, presented by Visual Capitalist Bruno Venditti, shows the US lags behind the world in terms of lithium production. 

    Even though the US has the third largest reserves. 

    If you can believe it, the US only has one producing lithium mine – Silver Peak – in Nevada (about halfway between Las Vegas and Carson City) – while worldwide demand is surging due to the government-forced clean energy transition. We noted in July that Exxon Mobil Corp. was in the beginning stages of possibly becoming a ‘lithium kingpin.’ 

    Thomas Benson, a geologist with Lithium Americas Corporation and co-author of the new study, expects mining operations at the McDermitt Caldera to begin in early 2026. 

    Lithium prices have been on a rollercoaster of a ride since Coivd. Battery-grade lithium carbonate prices in China (priced in dollars) were as low as $5,850 per ton in the summer of 2020 and jumped as much as 1,200% through the peak of $80,000 in early 2022. Prices have since collapsed to $30,000. 

    Daily Mail pointed out, “As of 2022, the average battery-grade lithium carbonate price was $37,000 per metric ton, meaning the volcano is potentially sitting on $1.48 trillion worth of the precious metal.” 

    McDermitt Caldera positions Nevada as possibly the epicenter of the ‘green energy white gold rush’ amid a massive push by the Biden administration to force people to drive electric vehicles — all because they say there’s a ‘climate emergency.’ 

    Tyler Durden
    Tue, 09/12/2023 – 21:45

  • First Case Of White Dot Syndrome Emerged After COVID-19 Vaccine And Subsequent Infection, Study Shows
    First Case Of White Dot Syndrome Emerged After COVID-19 Vaccine And Subsequent Infection, Study Shows

    Authored by Mary Gillis via The Epoch Times (emphasis ours),

    Scientists from New Zealand have uncovered the first case of a rare eye disease linked to both the COVID-19 vaccine and the virus itself, a new study published in the Journal of Ophthalmic Inflammation and Infection reveals.

    A pharmacist prepares a COVID-19 vaccine booster shot in San Rafael, Calif, on Oct. 1, 2021. (Justin Sullivan/Getty Images)

    A 28-year-old otherwise healthy patient was diagnosed with multiple evanescent white dot syndrome (MEWDS) after complaining of vision problems just two days after receiving her second dose of the Pfizer-BioNTech vaccine.

    The woman’s symptoms included dark blind spots, phantom light flashes, and overall decreased vision—all specific to her right eye.

    According to the study, doctors discovered that the vision in her right eye went from 20/20 to 20/50. In addition, her eye tissue was torn, optic nerves were swollen, and multiple pale-colored lesions were scattered throughout the back of her eye.

    A) Wide-field color fundus photo; B) Fundus infrared image of the right eye; C) OCT macula in a patient with multiple evanescent white dot syndrome associated with COVID-19 vaccination. (Courtesy of Hannah W. Ng and Rachael L. Niederer; Journal of Ophthalmic Inflammation and Infection)

    After three months and without treatment, vision in her right eye returned to normal, and all other symptoms subsided.

    One year later, the woman showed similar symptoms and was once again diagnosed with MEWDS, only this time in the left eye. Symptoms emerged seven days after she tested positive for COVID-19, leading researchers to suspect a link between the two events.

    Similar to the first instance, no treatment was required, and symptoms resolved after nine months.

    What Is MEWDS?

    According to the study, MEWDS dates back to 1984 and is considered an idiopathic inflammatory disease of the outer retina that occurs spontaneously and without concrete explanation. It is thought to be an autoimmune response.

    It often occurs in young, myopic women, with a mean age of 28. However, it is also seen among people over 65.

    MEWDS patients may have flu-like early symptoms that include:

    • Visual disturbances such as flashes of light.
    • Sudden, painless decline in central acuity in one eye.
    • Partial color blindness.

    It can be bilateral in some cases.

    Read more here…

    Tyler Durden
    Tue, 09/12/2023 – 21:25

  • USAF Shares New Images Of B-21 Raider 
    USAF Shares New Images Of B-21 Raider 

    America’s newest stealth bomber may be nearing its first test flight, with speculations suggesting it could take place as soon as December. 

    The United States Air Force has released never-before-seen angles of Northrop Grumman’s B-21 Raider ahead of the maiden flight. The first image is the stealth bomber inside the hanger, likely at the defense manufacturer’s facility in Palmdale, California. 

    The second image is outside of the hanger. 

    This is only the USAF’s second time showing off the new bomber. The first was the unveiling event in December 2022 (read: here) and early March (read: here). 

    There is still much to be learned about the B-21, but it is widely understood that it will replace the USAF’s Rockwell B-1 Lancer and B-2 bombers by the end of the decade.

    Any similarities? 

    Speculation mounts on when the maiden flight will occur, “Most believe December will be the first flight,” according to one X user

    Tyler Durden
    Tue, 09/12/2023 – 21:05

  • New Civics Program Can Help Bolster American Democracy
    New Civics Program Can Help Bolster American Democracy

    Authored by Margaret Spellings via RealClear Wire,

    Proposed changes to the U.S. citizenship exam have renewed the question of how many natural-born American citizens could pass this basic civics test. The troubling answer is that one in three can’t. Healthy democracy requires not only popular participation but an understanding of who we are, where we came from, and how and why our system of government functions the way it does. 

    For years, I, along with other former Secretaries of Education, have called for a national renewal of civics education to provide our citizenry with the knowledge and critical thinking skills necessary to engage in our democracy in a meaningful and constructive way.  

    Unfortunately, recent educational assessment data warns that we’re moving in the wrong direction. 

    In May, the National Assessment of Educational Progress (NAEP), released the “nation’s report card” for civics education. For the first time since 1998 – the year the federal government began testing eighth-grade students for civics acumen – scores declined. Nearly 80% of students, the results reveal, are not proficient in civics – a jaw-dropping statistic for anyone concerned with America’s staying power. The need for creative approaches to civics education could not be more urgent. 

    Thankfully, there’s an exciting new model for renewing interest in civics by making it fun.

    Last month, middle school students from across Texas assembled at the George W. Bush Presidential Center in Dallas hoping to stake their claim as the state’s first-ever National Civics Bee champion. These students wrote an essay about a community issue, prepared for months and were first victorious at regional competitions held this spring throughout Texas, organized by local chambers of commerce.

    These events aren’t unique to Texas. In fact, the idea to launch these competitions sprang from an innovative partnership between the Daniels Fund – a private charitable organization based in Denver, Colorado – and the U.S. Chamber of Commerce Foundation in Washington, D.C. More than 50 communities in nine states held their own National Civics Bee competition this year, and the plan is to supersize this approach to civic engagement by expanding to several more states in 2024.

    Big problems demand bold solutions, and philanthropic organizations are uniquely suited to tackle the challenge of civics education – one which government intervention risks politicizing. Voluntary associations like the partnership between the U.S. Chamber Foundation and the Daniels Fund can move swiftly to solve a community problem that benefits everyone.

    Civics can’t be an afterthought if American democracy is to endure. Hanna Skandera, president of the Daniels Fund, remarked at the recent Texas competition that “from the very beginning, the founders of our country understood that for the American form of government to thrive, its citizens would need to be informed and engaged in our processes.” No doubt. In fact, her organization and the U.S. Chamber Foundation are making a major bet that this unique approach to civics education can catch fire. But they can’t do it alone.  

    Here’s how you can help: If you’re an elected official, step up to be a judge at a local or state competition. Inspire your local chamber to host a local competition. If you’re a business, coordinate with your local chamber to help sponsor and facilitate these important events. As a parent, take a proactive role in encouraging your son or daughter to participate in next year’s competition.

    Our democracy has undergone a number of stress tests in recent years, and there will be more to come. By renewing interest in history and civics among our students, families, and businesses, we can equip all Americans with the knowledge and resources needed to bridge our divides. America’s future depends on all of us doing our part to ensure its vibrancy and endurance, and the National Civics Bee is a wonderful and worthy experiment on which to build.

    Tyler Durden
    Tue, 09/12/2023 – 20:45

  • Criminals In Washington Are Intentionally Crashing Into Vehicles To Carjack Them
    Criminals In Washington Are Intentionally Crashing Into Vehicles To Carjack Them

    Just when you thought you’d seen it all: now, criminals are intentionally wrecking vehicles in order to carjack them, according to a new report from KIRO7

    Bellevue Police in Washington are alerting motorists to a new carjacking tactic taking place in their jurisdiction, the article says.

    Officers responded to an attempted carjacking near the crossroads of Bel-Red Road and 156th Avenue Southeast in Bellvue, Washington, around 2:30 a.m. on a recent Friday.

    The carjacking victim had reported a minor crash with a white Kia and said that upon exiting his vehicle to assess the damage, two individuals emerged from the Kia, brandishing guns and demanding his car keys.

    The victim refused to hand over his keys, and the suspects fled in the Kia, the report continues. 

    Police are now warning that this event has similarities with other incidents taking place locally wherein assailants initiate minor accidents before attempting armed robbery.

    Bellevue Police, as a result, recommend staying aware of your environment and avoiding distractions like texting. They have warned residents to opt for well-lit, busy roads, particularly at night, and steer clear of isolated or dimly lit areas.

    Finally, they are telling residents to ensure their car doors are locked and windows are up, and to remain in their car if they feel endangered before calling 911. 

    Tyler Durden
    Tue, 09/12/2023 – 20:25

  • Americans Are Making 'Huge Mistake' to Believe Certain 'Booming' Economy Narratives: Jamie Dimon
    Americans Are Making ‘Huge Mistake’ to Believe Certain ‘Booming’ Economy Narratives: Jamie Dimon

    Authored by Tom Ozimek via The Epoch Times (emphasis ours),

    JPMorgan Chase CEO Jamie Dimon told a financial conference in New York on Monday that people who assume that the U.S. economy will continue to boom for years on the back of consumer strength are making “a huge mistake.”

    Mr. Dimon made the remarks at the Barclays Global Financial Services Conference on Sept. 11, at which he warned of a number of risks to the economy, including the Ukraine war, monetary tightening by the Federal Reserve, and increasing reliance on government spending.

    To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake,” he said.

    The booming economy narrative rose to prominence in recent months, driven by strong retail sales and wage growth, while recession fears have eased. But there are signs that the recent rise in consumer sentiment has been short-lived and that the economy is facing some headwinds.

    Consumer Strength Weakening?

    Consumer spending, which represents roughly 70 percent of U.S. gross domestic product, posted solid growth in July, the latest month of available data. However, economists widely expect the past year of aggressive Fed interest rate hikes to weigh more heavily on domestic demand.

    The latest data on retail sales showed that Americans spent more than expected in July, splurging on hobbies, sporting goods, and clothing, prompting economists at Goldman Sachs to raise their third-quarter gross domestic product estimate by seven-tenths of a percentage point to a 2.2 percent annualized rate.

    However, there are signs that the boom may not last as the latest consumer tracker for August from Deloitte says that financial well-being sentiment has stagnated, with the percentage of consumers worried about savings and postponing big purchases on the rise, while spending intentions “remain on a long-term downtrend.”

    A separate barometer of consumer confidence from the Conference Board found that, after a sharp uptick in July, its gauge retreated to a reading “a hair above 80—the level that historically signals a recession within the next year.”

    While financial markets have, over the summer, largely dismissed recession fears, fresh data suggests that the country may be facing a “stagnation” point.

    A near-stalling of business activity in August raises doubts over the strength of U.S. economic growth in the third quarter,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a report that showed new orders tumbling, input cost inflation rising, and the pace of job creation slowing.

    Mr. Dimon’s remarks at Monday’s conference tapped into this sentiment, with the JPMorgan chief saying that the health of U.S. consumers and businesses was still “pretty good,” although he warned against being overconfident.

    Key concerns that he mentioned were the twin factors of central bank efforts to roll back easy money policies—which have pushed inflation to multi-decade highs—and governments “spending like drunken sailors.”

    “I think there’s a false sense of security that those two things will end up being OK. I don’t know,” he said.

    Higher Capital Requirements

    At the conference, Mr. Dimon also took aim at the higher capital requirements U.S. regulators have proposed for banks, warning that such measures could starve the economy of credit and amount to another hurdle to growth.

    I wouldn’t be a big buyer of a bank,” he said, drawing laughter from the audience, while calling the new proposal “hugely disappointing.”

    Mr. Dimon, who heads America’s biggest lender, questioned what regulators were trying to accomplish by proposing the new rules, which would require bigger U.S. banks, with total assets of $100 billion or more, to set aside billions of dollars to bolster their ability to absorb losses when times get tough.

    All I want is fairness, transparency, openness,” Mr. Dimon said with regards to the regulatory proposal, which would require banks with total assets of $100 billion or more to maintain an additional 2 percentage points in capital above current levels.

    The regulatory proposal has been roundly criticised by the banking industry, with Bank Policy Institute (BPI) President and CEO Greg Baer warning of “higher costs to consumers and greater instability for markets,” in a statement obtained by The Epoch Times.

    Mr. Dimon said that the new regulatory proposal would require JPMorgan to hold 30 percent more in capital than a European lender, which he said was an unfair burden on U.S. banks.

    In contrast to Mr. Dimon’s take on tougher bank capital rules, some U.S. regulators have said the proposal doesn’t go far enough.

    Minneapolis Federal Reserve President Neel Kashkari recently said he expects more government regulation of the banking sector in light of several high-profile bank failures.

    Mr. Kashkari also said that he’d like to see the proposed capital requirement rules apply to smaller institutions with less than $100 billion in total assets, though he didn’t specify what threshold he had in mind.

    At Monday’s conference, Mr. Dimon also said he believes that the Chinese market is no longer as attractive to foreign investors as it once was.

    In terms of our own business, the risk-reward [from China], which was very good, has now become okay. The risk is bad,” he said, adding that JPMorgan has become more cautious about managing its risk.

    Caution has also entered the homebuyer market in the United States, with mortgage applications dropping last week to their lowest point since 1996.

    Tyler Durden
    Tue, 09/12/2023 – 20:05

  • Locked Items, Self-Checkouts & Disappearing Staff: Rising Theft And Slowing Sales Eat Away At Retail
    Locked Items, Self-Checkouts & Disappearing Staff: Rising Theft And Slowing Sales Eat Away At Retail

    Across the retail industry, a trend is emerging: less employees, more self-checkouts and more items locked up behind safety doors.

    The cause? Slowing sales and rising theft are eating into profits, according to the Wall Street Journal, who wrote this week that the “countermeasures” being used by retailers to fight theft and other shrink could make in-person shopping “even more miserable than it already is”.

    In addition to having to deal with normalized looting across the country thanks to Democratic DAs, retailers also are dealing with “the steepest annual wage growth since the 1980s,” the report says. Average wages in the sector have now risen to about $20.54 per hour, the report says.

    Remember that the next time some cashier wearing Airpods sighs when you ask them to take a stick of deodorant out of its alarmed hiding spot. 

    And so as a result, retailers have cut head cut and have not returned to their pre-pandemic staffing levels. Retail sales workers fell 12% from 2019 to 2022 and stores like Macy’s and Kohl’s have lost as many as 20% of their staff. Gap and Best Buy cut their staff by 25% and 22%, respectively. Only a handful of companies like Lululemon, Nike, T.J. Maxx and Costco have raised their employee headcounts.

    Lorraine Hutchinson, retail-sector equity analyst at Bank of America says that the employees that are in stores now spend their time filling online orders. 

    Shrink remains a key concern with retailers like Ulta now locking up 50% of its fragrances at stores. The practice has become so widespread that it is now a talking point on almost all retailer earnings calls. 

    David Bassuk, global leader of the retail practice at AlixPartners, commented: “Unfortunately, we’re facing a situation where shrink is a CEO topic. It used to be a store-manager topic.”

    Neil Saunders, managing director of research firm GlobalData confirmed that retailers like Dollar General are seeing poorer performance due to a lower in-store employee footprint. He said that Macy’s poor results were due to an “incredibly sloppy attitude to retail” and called their staffing a “complete breakdown”. Dollar General has said they need to “further elevate the in-store experience and better serve its customers.”

    Best Buy has been a positive example of the “new” retail: despite employing 35,000 fewer individuals in 2022 compared to 2019, the company has surpassed Wall Street’s revenue expectations in eight out of the last ten quarters. By emphasizing cross-training, they’ve enabled their workers to perform multiple roles, from customer service to online order processing.

    Moreover, in their recent earnings report, Best Buy indicated that automated virtual agents are handling 40% of customer inquiries without human intervention

    Tyler Durden
    Tue, 09/12/2023 – 19:45

  • Parents Should Not Post Children's Photos Online, Warn Safety Experts
    Parents Should Not Post Children’s Photos Online, Warn Safety Experts

    Authored by Masooma Haq via The Epoch Times (emphasis ours),

    With children spending an increasing amount of time on the internet and many uploading photos to their social media accounts, sexual predators continue to steal these images to produce child sexual abuse material (CSAM).

    Further compounding the proliferation of CSAM is the easy access to artificial intelligence (AI), and law enforcement agencies and child protective organizations are seeing a dramatic rise in AI-generated CSAM.

    Yaron Litwin is a digital safety expert and chief marketing officer at Netspark, the company behind a program called CaseScan that identifies AI-generated CSAM online, aiding law enforcement agencies in their investigations.

    Mr. Litwin told The Epoch Times he recommends that parents and teens not post photos on any public forum and that parents talk to their children about the potential dangers of revealing personal information online.

    “One of our recommendations is to be a little more cautious with images that are being posted online and really try to keep those within closed networks, where there are only people that you know,” Mr. Litwin said.

    The American Academy of Child and Adolescent Psychiatry said in 2020 that on average, children ages 8 to 12 spend four to six hours a day watching or using screens, and teens spend up to 9 hours a day on their devices.

    Parents Together, a nongovernmental organization that provides news about issues affecting families, released a report in 2023 (pdf) stating that “despite the bad and worsening risks of online sexual exploitation, 97% of children use social media and the internet every day, and 1 in 5 use it ‘almost constantly.’

    One of Netspark’s safety tools is Canopy, an AI-powered tool that gives parents control to filter out harmful sexual digital content for their minor children, said Mr. Litwin, while giving children freedom to explore the internet.

    Exploitative Content Expanding

    The amount of CSAM online has gone up exponentially since generative AI became mainstream at the start of 2023, Mr. Litwin said. The problem is serious enough that all 50 states have asked Congress to institute a commission to study the problem of AI-generated CSAM, he said.

    “There’s definitely a correlation between the increase in AI-generated CSAM and when OpenAI and DALL-E and all these generative AI-type platforms launched,” Mr. Litwin said.

    The FBI recently warned the public about the rise of AI-generated sexual abuse materials.

    “Malicious actors use content manipulation technologies and services to exploit photos and videos—typically captured from an individual’s social media account, open internet, or requested from the victim—into sexually-themed images that appear true-to-life in likeness to a victim, then circulate them on social media, public forums, or pornographic websites,” said the FBI in a recent statement.

    Mr. Litwin said that to really protect children from online predators, it is important for parents and guardians to clearly discuss the potential dangers of posting photos and talking to strangers online.

    “So just really communicating with our kids about some of these risks and explaining to them that this might happen and making sure that they’re aware,” he said.

    An artificial intelligence (AI) logo blended with four fake Twitter accounts bearing profile pictures apparently generated by artificial intelligence software taken in Helsinki, Finland, on June 12, 2023. (Olivier Morin/AFP via Getty Images)

    Dangers of Generative AI

    Roo Powell, founder of Safe from Online Sex Abuse (SOSA), told The Epoch Times that because predators can use the image of a fully-clothed child to create an explicit image using AI, it is best not to post any images of children online, even as toddlers, she said.

    “At SOSA, we encourage parents not to publicly share images or videos of their children in diapers or having a bath. Even though their genitals may technically be covered, perpetrators can save this content for their own gratification, or can use AI to make it explicit and then share that widely,” Ms. Powell said in an email.

    While some people say AI-generated CSAM is not as harmful as images depicting the sexual abuse of real-life children, many believe it is worse.

    AI-generated CSAM is produced much more quickly than conventional images, subsequently inundating law enforcement with even more abuse referrals, and experts in the AI and online parental control space expect the problem to only get worse.

    In other cases, the AI-generated CSAM image could be created from a photo taken of a real-life child’s social media account, which is altered to be sexually explicit and thus endangers those otherwise unvictimized children, as well as their parents.

    In worst-case scenarios, bad actors use images of real victims of child sexual abuse as a base to create computer-generated images. They can use the original photograph as an initial input, which is then altered according to prompts.

    In some cases, the photo’s subject can be made to look younger or older.

    In 2023, the Standford Internet Observatory at Stanford University in conjunction with Thorn, a nonprofit focused on technology that helps defend children from abuse, released a report titled “Generative ML and CSAM: Implications and Mitigations,” referring to generative machine learning (pdf).

    “In just the first few months of 2023, a number of advancements have greatly increased end-user control over image results and their resultant realism, to the point that some images are only distinguishable from reality if the viewer is very familiar with photography, lighting and the characteristics of diffusion model outputs,” the report states.

    Studies have shown a link between viewing CSAM and sexually abusing children in real life.

    In 2010, Canadian forensic psychologist Michael C. Seto and colleagues reviewed several studies and found that 50 to 60 percent of people who viewed CSAM admitted to abusing children themselves.

    Even if some AI-generated CSAM images are not created with the images of real children, the images fuel the growth of the child exploitation market by normalizing CSAM and feeding the appetites of those who seek to victimize children.

    Sextortion on the Rise

    Because of how realistic it is, AI-generated CSAM is facilitating a rise in cases of sextortion.

    Sextortion occurs when a predator pretends to be a young person to solicit semi- or fully-nude images from a victim and then extorts money or sexual acts from them under threat of making their images public.

    In the case of AI-generated cases, the criminal can alter the victim’s image to make it sexual.

    In one case, Mr. Litwin said a teenage weightlifting enthusiast posted a shirtless selfie that was then used by a criminal to create an AI-generated nude photo of him to extort money from the minor.

    In other cases, the perpetrator might threaten to disclose the image, damaging the minor’s reputation.  Faced with such a threat, many teens comply with the criminal’s demands or end up taking their own lives rather than risk public humiliation.

    The National Center for Missing and Exploited Children (NCMEC) operates the CyberTipLine, where citizens can report child sexual exploitation on the internet. In 2022, the tip line received over 32 million reports of CSAM. Although some of the reports are made multiple times about a single viral child sex abuse image, that is still an 82 percent increase from 2021, or close to 87,000 reports per day.

    In December 2022, the FBI estimated 3,000 minor sextortion victims.

    “The FBI has seen a horrific increase in reports of financial sextortion schemes targeting minor boys—and the fact is that the many victims who are afraid to come forward are not even included in those numbers,” said FBI Director Christopher Wray in a 2022 statement.

    The Parents Together report further states that “recent research shows 1 in 3 children can now expect to have an unwelcome sexual experience online before they turn 18.”

    In addition, a 2022 report by Thorn (pdf) states that 1 in 6 children say they have shared explicit images of themselves online, and 1 in 4 children say the practice is normal.

    An example of texts used by predators to entice children into compromising situations as featured in “Sextortion: The Hidden Pandemic.” (Auris Media)

    Using Good AI to Fight Bad AI

    Prior to the wide availability of AI, editing and generating images required skills and knowledge of image editing software programs. However, AI has made it so quick and easy that even amateur users can generate life-like images.

    Netspark is leading the fight against AI-generated CSAM with CaseScan, its own AI-powered cyber safety tool, said Mr. Litwin.

    We definitely believe that to fight the bad AI, it’s going to come through AI for good, and that’s where we’re focused,” he said.

    Law enforcement agencies must go through massive amounts of images each day and are often unable to get through all of the CSAM reports in a timely manner, said Mr. Litwin, but this is exactly where CaseScan is able to assist investigators.

    Unless the police departments are using AI-centered solutions, police spend an extensive amount of time assessing if the child in a photo is a fake AI-generated or an actual sexual abuse victim. Even before AI-generated content, law enforcement and child safety organizations were overwhelmed by the immense volume of CSAM reports.

    Under U.S. law, AI-generated CSAM is treated the same as CSAM of real-life children, but Mr. Litwin said he does not know of any AI-generated CSAM case that has been prosecuted, so there is no precedent yet.

    “I think today it’s hard to take to court, it’s hard to create robust cases. And my guess is that that’s one reason that we’re seeing so much of it,” he said.

    To prosecute the producers of this online AI-generated CSAM, laws need to be updated to target the technologically advanced criminal activity committed by sexual predators.

    Mr. Litwin said he believes predators will always find a way to circumvent technological limits set up by safety companies because AI is constantly advancing, but Netspark is also adapting to keep up with those that create AI-generated CSAM.

    Mr. Litwin said CaseScan has enabled investigators to significantly reduce the amount time it takes to identify AI-generated CSAM and lighten the mental impact on investigators who usually must view the images.

    Tech Companies Must Do More

    Ms. Powell said social media companies need to do more in the fight against CSAM.

    “To effectively help protect kids and teens, Congress can mandate that social media platforms implement effective content moderation systems that identify cases of child abuse and exploitation and escalate those to law enforcement as needed,” she said.

    Congress can also require all social media platforms to create parental control features to help mitigate the risk of online predation. These can include the ability for a parent user to turn off all chat/messaging features, restrict who’s following their child, and manage screen time on the app,” she added.

    In April, Sen. Dick Durbin (D-Ill.) introduced the STOP CSAM Act of 2023, which includes a provision that would change Section 230 of the Communications Decency Act and allow CSAM victims to sue social media platforms that host, store, or otherwise make this illegal content available.

    “If [social media companies] don’t put sufficient safety measures in place, they should be held legally accountable,” Mr. Durbin said during a Senate Judiciary subcommittee meeting in June.

    Ms. Powell said she believes Congress has a responsibility to do more to keep children safe from abuse.

    “Laws need to keep up with the constant evolution of technology,” she said, adding that law enforcement also needs tools to help them work faster.

    Improving NCMEC

    Reps. Ann Wagner (R-Mo.) and Sylvia Garcia (D-Texas) recently introduced the Child Online Safety Modernization Act of 2023 to fill the gaps in how CSAM is reported, ensuring criminals can be held accountable.

    Currently, there are no requirements regarding what online platforms must include in a report to the NCMEC’s CyberTipline, often leaving the organization and law enforcement without enough information to locate and rescue the child. In 2022, that amounted to about 50 percent of reports being untraceable.

    In addition, the law does not mandate that online platforms report instances of child sex trafficking and enticement.

    According to a 2022 report by Thorn, the majority of CyberTipline reports submitted by the tech industry contained such limited information that it was impossible for NCMEC to identify where the offense took place, and therefore the organization could not notify the appropriate law enforcement agency.

    The Child Online Safety Modernization Act bolsters the NCMEC CyberTipline by 1) requiring reports from online platforms to include information to identify and locate the child depicted and disseminator of the CSAM; 2) requiring online platforms to report instances of child sex trafficking and the sexual enticement of a child; and 3) allowing NCMEC to share technical identifiers associated with CSAM to nonprofits.

    The bill also requires that the reports be preserved for an entire year, giving law enforcement the time they need to investigate the crimes.

    Stefan Turkheimer, interim vice president for public policy at RAINN (Rape, Abuse & Incest National Network), said Ms. Wagner’s bill is crucial to aiding law enforcement to successfully investigate CSAM reports.

    “The Child Online Safety Modernization Act is a step towards greater cooperation between law enforcement and internet service providers that will support the efforts to investigate, identify, and locate the children depicted in child sexual abuse materials,” Turkheimer said in a recent press statement.

    Making this improvement is crucial to stopping the sexual exploitation of children, said Ms. Powell.

    “In our collaborations with law enforcement, SOSA has seen a perpetrator go from the very first message to arriving at a minor’s house for sex in under two hours. Anyone with the propensity to harm children can do so quickly and easily from anywhere in the world just through internet access,” she said.

    Tyler Durden
    Tue, 09/12/2023 – 19:25

  • 'Medicane' Breaks Dams, Floods Eastern Libya: Up to 10,000 Feared Dead
    ‘Medicane’ Breaks Dams, Floods Eastern Libya: Up to 10,000 Feared Dead

    A rare “medicane” or Mediterranean tropical-like cyclone battered Libya on Saturday, causing deadly floods in the eastern part of the country and resulting in the death of at least 2,000 people. Some estimates already suggest the death toll could jump to 10,000

    CNN quoted Tamer Ramadan, head of the International Federation of Red Cross and Red Crescent Societies delegation in Libya, who stated, “Our teams on the ground are still doing their assessment, but from what we see and from the news coming to us, the death toll is huge.” 

    https://platform.twitter.com/widgets.js

    The city of Derna was the most affected when two dams collapsed, flooding parts of the town. 

    https://platform.twitter.com/widgets.js

    Othman Abduljalil, health minister in Libya’s eastern administration, told Libya’s Almasar TV that the damage in the city is “catastrophic.” 

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    Abduljalil said, “The bodies are still lying on the ground in many parts. Hospitals are filled with bodies. And there are areas we have yet to reach.” 

    https://platform.twitter.com/widgets.js

    Ramadan told a video news conference Tuesday that the death toll will jump:

    “We confirmed from our independent sources of information the number of missing people is hitting 10,000 persons, so far.” 

    Last week, the storm brought catastrophic flooding to Greece before developing into a medicane. 

    Tyler Durden
    Tue, 09/12/2023 – 19:05

  • California Leaders' Virtue-Signaling Is Mainly Gaslighting
    California Leaders’ Virtue-Signaling Is Mainly Gaslighting

    Authored by Christian Milord via The Epoch Times,

    The Democratic Party has wielded a monopoly on power in Sacramento for some time and the results are obvious.

    One-party dominance can often lead to corruption, poor governance, and an erosion in quality of life indices.

    Let us count the ways how the ruling party talks a good game but delivers lousy results for Californians.

    First, Gov. Gavin Newsom played up the fact that California had a large surplus in the state coffers, but then it suddenly morphed into a $30 billion deficit.

    Did the surplus really exist? One can only wonder. Plenty of state funds were spent ineffectively during the pandemic, and tax dollars are being wasted on a high-speed rail system that will be vastly underutilized. Excessive spending is a driver of persistent inflation.

    Next, during the pandemic, several Democratic leaders, including Mr. Newsom, didn’t adhere to the edicts they forced on the public.

    Either the pandemic was more “pandemia” than pandemic, or they felt that they were superior to the masses and could flout their own mandates. Public policies inflicted colossal damage by shuttering businesses, houses of worship, and schools for many months.

    We now know that the narrative of mask, lockdown, and vaccine effectiveness was dead wrong. Primarily, folks with comorbidities and the elderly needed care and protection. The COVID narrative was merely gaslighting from a nanny state that craves ultimate power over the people it is supposed to serve.

    On Sept. 10, on NBC’s “Meet the Press,” Mr. Newsom said “we’re all geniuses now” in hindsight, and “I think we would’ve done everything differently” regarding COVID. But he failed to explain why some states made better choices while California did not. How will he know which choices to make next time?

    Third, Mr. Newsom has put forth a proposal to alter the Second Amendment with a redundant 28th amendment to the Constitution.

    He claims that this new amendment would save lives by extending the age to purchase a firearm to 21, require a minimum waiting period, and improve background checks.

    California Gov. Gavin Newsom speaks during a press conference in Sacramento on Feb. 1 2023. (Justin Sullivan/Getty Images)

    This proposal likely will be a non-starter because the second amendment is time tested, and criminals don’t abide by gun laws. They either steal guns or buy them on the black market. Newsom ought to stick to crime prevention by supporting law enforcement. Once again, more gaslighting from a politician whose salary is paid with your tax dollars.

    Fourth, several state leaders have tried to force school boards to implement a distorted Marxist version of American history into the public schools.

    They have also arm-twisted school districts to add transgender concepts into the health and science curricula, all in the name of protecting children.

    This unscientific charade sows confusion among impressionable boys and girls by magnifying transgenderism and doling out diabolical advice that can cause irreversible suffering. This unscrupulous child abuse and coercion defies moral law and the biological laws of nature. Consequently, it is an example of gaslighting on steroids.

    Moreover, some politicians and school board members treat parents as lepers when they question woke policies in public schools. Free speech is criminalized while actual criminal behavior receives a wrist slap. Parents with common sense and truth on their side are treated as extreme, while Orwellian policies are normalized. With rampant absenteeism and underwater student test scores, can schools afford to waste time by force-feeding Marxist theories into vulnerable young minds?

    Parents in support of the Temecula Valley Unified school board’s decision to terminate the district’s superintendent amid controversy surrounding critical race theory and other school curriculum attend a board meeting in Temecula, Calif., on June 13, 2023. (Micaela Ricaforte/The Epoch Times)

    Fifth, Mr. Newsom talks a good game regarding democracy and the rule of law in California, yet at every turn he tends to undermine freedom, prosperity, and lawfulness.

    Similar to George Soros-backed district attorneys, he seems to view felonies as misdemeanors and enables homelessness. Yet he and other Democrats pretend that California doesn’t have an upsurge in crime and homeless statistics. Are they tone deaf? Denying that the state has these problems won’t make them disappear no matter how much they pass the buck. This is why so many folks are fleeing the state.

    Sixth, state leaders claim that they care about minorities, yet they pressure their allegiance through addictive government programs that discourage individual initiative.

    They also gloss over border insecurity as if it’s a figment of our imagination. Progressive mayors take pride in their “sanctuary cities” yet start whining when unlawful migrants are sent to cities like Los Angeles or San Francisco. They only change their welcome tune when unlawful immigration impacts them directly. Otherwise, it’s someone else’s problem.

    Seventh, California leaders often spout great American principles yet at the same time strive to intervene in every area of our lives.

    They initiate endless anti-religious culture wars and cry foul when called out for their absurd schemes and glaring hypocrisy. They can’t even get their own house in order, yet constantly boast to other states how great their policies are, as if Americans can’t govern themselves.

    California Gov. Gavin Newsom speaks during a news conference in Sacramento, Calif., on May 12, 2023. (Hector Amezcua/The Sacramento Bee via AP)

    Finally, these politicians speak with a forked tongue by saying one thing and doing another.

    Denying or glossing over serious economic, security, and social challenges doesn’t get the job done. Is this statesmanship? Genuine statesmen don’t recklessly spend other people’s money. They labor to prevent problems from unfolding instead of reacting when it’s too late.

    Our representatives are supposed to serve the public interest—not their own personal aggrandizement. Statesmen don’t blame others for their own self-inflicted blunders. Unfortunately, Sacramento leaders have turned gaslighting (virtue-signaling) into a fine art while Californians pay the price. To a degree, disinformation emanating from Sacramento is similar to that of the old Soviet Union under Stalin, delineated accurately in Rod Dreher’s book, “Live Not By Lies.” The Democrats should read it.

    Tyler Durden
    Tue, 09/12/2023 – 18:45

  • Renewed Forced-Labor Cloud Darkens Solar's Moment In The Las Vegas Sun
    Renewed Forced-Labor Cloud Darkens Solar’s Moment In The Las Vegas Sun

    Authored by Carrie Sheffield via RealClear Wire,

    This week nearly 27,000 clean energy professionals will descend on the Las Vegas Strip for the annual RE Plus renewable energy Conference. The event includes thousands of exhibitors and a host of presentations with a keynote from Georgia Senator Jon Ossoff. The Senator will undoubtedly tout the expansion of solar energy industry jobs in his state by Korean manufacturer Hanwha Q-Cells, while conveniently ignoring allegations of Hanwha’s deep connections to reported forced labor in the Xinjiang region in China.

    It’s been a little more than a year since the groundbreaking human rights law, the Uyghur Forced Labor Prevention Act (UFLPA), went into effect. The law created a rebuttable presumption that all goods manufactured in whole or in part in the Xinjiang region of China use forced labor and are thus not admissible into U.S. commerce. While U.S. Customs and Border Protection (CBP), the law enforcement agency tasked with enforcement of the law, has done an admirable job at detaining cargo to assess applicability of law to certain goods, the scope of enforcement is lacking and focused on a very small number of importers and ignores many more manufacturers widely known to use key materials from China that have very high risk of origin in part from Xinjiang. 

    Perhaps the most glaring omission among CBP’s UFLPA enforcement is the well-connected Hanwha Q-cells. There is very clear open source data that ties the company to the Xinjiang region of China. Despite the glaring connections to the region, Hanwha executive Vitaly Lee has repeatedly claimed the company modules are “forced labor free.”  

    Just last month, another damning report dropped from Sheffield Hellam University titled “Over-Exposed: Uyghur Region Exposure Assessment for Solar Industry Sourcing”, which found Q-Cells to have a “very high” risk of ties to forced labor in Xinjiang. Specifically, the Sheffield Report found Meike Solar Technology, a Chinese company which gets raw material from Xinjiang, reported Q-Cells as one of its largest customers in the first half of 2022, even though Q-Cells claims it cut off the supplier’s relationship in 2021. The initial Sheffield Report, In Broad Daylight, focusing on large Chinese manufacturers like Longi, Trina and JinkoSolar, appears to have influenced CBP’s targeting but it remains to be seen if this updated report will have the same effect.

    It’s difficult to ascertain whether the lack of enforcement is due to the high-profile political visits, including Vice President Kamala Harris, an upcoming visit from President Biden, and of course Senator Ossoff. Political connections, however, should never serve as a means to avoid the law or get a free pass from CBP detentions and UFLPA scrutiny. Unfortunately, the Biden administration claims it wants America to lead in “clean energy” production, but is instead blocking American producers from developing the critical, rare-earth minerals to make it happen domestically.

    Ironically, the political cover seems to be bipartisan. Another company that has escaped CBP scrutiny is Canadian Solar, while often portraying itself as Canadian the company is, in fact, wholly Chinese from its management to its manufacturing. Recently, Canadian Solar announced a $250 million 5GW solar manufacturing facility in Mesquite, Texas. This project was heralded by both Governor Greg Abbott and Senator Ted Cruz despite Canadian Solar’s ties to the Xinjiang region and potential violations of the UFLPA. The Sheffield Report determined Canadian Solar has a “high” risk of exposure to Xinjiang. 

    Fortunately, CBP’s lack of universal enforcement has not gone unnoticed by everyone in Congress. Rep. Carol Miller (R-W.Va.) at a hearing before the Ways and Means Committee called out JA Solar for attempting to avoid the UFLPA. Specifically, she noted an executive with JA Solar, another company with “very high” exposure to Xinjiang, was caught on tape discussing port-shopping as one method the company employs to avoid UFLPA detentions.  

    In a public webinar CBP’s Trade Remedy Law Enforcement Executive Director acknowledged companies were employing this exact UFLPA enforcement avoidance technique, along with changing the name of the exporting entity and several other salacious maneuvers. CBP cannot allow this type of evasion to continue, especially when Congress has appropriated more than $100 Million to enforce the UFLPA and combat forced labor globally. 

    Unfortunately, at this year’s RE Plus there will be plenty of solar companies –including the title sponsor Maxeon, another very high-risk manufacturer according to the Sheffield Hallem report – enjoying the Las Vegas sun while escaping CBP scrutiny despite serious forced labor allegations. Even in Sin City political relationships and high-profile sponsorships should not be currency to evade U.S. trade laws. CBP must work to ensure the UFLPA is implemented forcefully and equally.

    Carrie Sheffield is a senior policy analyst for the Center for the Center for Economic Opportunity at Independent Women’s Forum

    Tyler Durden
    Tue, 09/12/2023 – 18:05

  • RFK Jr. As Third Party Candidate Will Make It Harder For Democrats To 'Cheat': Kari Lake
    RFK Jr. As Third Party Candidate Will Make It Harder For Democrats To ‘Cheat’: Kari Lake

    Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

    Former GOP gubernatorial candidate Kari Lake is expecting a potential third-party candidate like Robert F. Kennedy Jr. to make it harder for candidates to “cheat” in the upcoming 2024 presidential race.

    Former Arizona Republican candidate for Governor Kari Lake holds a press conference in Phoenix on May 23, 2023. (Rebecca Noble/Getty Images)

    Her comments came following RFK Jr.’s suggestion that he may consider “other alternatives” rather than simply pursuing a Democratic nomination.

    Robert F. Kennedy Jr. is talking about running as a third party candidate,” Ms. Lake said on “The Clay Travis & Buck Sexton Show” on Sept. 9. “That’s going to make it really hard when there’s three people, three parties running in any election, whether it be the senate seat in Arizona, the presidency. It makes it a lot harder for these people to cheat because they don’t know what’s going to be on the inside of the ballot. It might be a Democrat voting, but that Democrat might be voting independent this time around to vote for RFK Jr.”

    “So, I think we’re going to see some dynamics in this election that’s going to make it harder for them to cheat and we’re going to work through the court system to also make it harder for them to cheat.”

    Mr. Kennedy had said in a Sept. 8 interview with Forbes that he may look for “alternatives” rather than solely focusing on fighting the 2024 presidential race as a Democrat.

    “It’s pretty clear that the DNC (Democratic National Committee) does not want a primary. I don’t want to say that they want a coronation, but I think that that’s a fair way to put. They’re essentially fixing up the process so that it makes it almost impossible to have democracy function. They’re effectively disenfranchising the Democratic voters from having any choice and who becomes the Democratic nominee.”

    Mr. Kennedy stated that the DNC made rules that none of the votes cast for any Democrat candidate campaigning in Iowa or New Hampshire would be tallied.

    “In other words, any delegate that I win in New Hampshire or Iowa would go instead to the president. And now they’re trying to change it so that if I campaign in New Hampshire, that none of the votes cast for me in Georgia will count. That’s significant because it’s hard to win the nomination without Georgia.”

    The DNC is “rigging it,” he said.

    “We’re looking at it, the tabulations that look like If you add up all the super delegates that they control and all of the automatic delegates that just go to the party and go to the president, I would have to win on almost 80 percent of all of the states in order to beat President Biden even if he only wins 20 percent.”

    Democratic presidential candidate Robert F. Kennedy Jr. speaks to a crowd of more than 300 at the premiere of his documentary, “Midnight at the Border,” detailing his trip to the U.S.-Mexico border in Arizona, in Beverly Hills, Calif., on Aug. 3, 2023. (John Fredricks/The Epoch Times)

    The DNC is also considering forcing RFJ Jr. and other Democrat candidates like Marianne Williamson to pay for primaries based on the reasoning that the party does not need a primary as they already have a presidential candidate in Biden, RFK Jr. said.

    “We live at a time in American history when a lot of Americans think that democracy is broken, that the political system is rigged, and that there’s not really any democracy. And unfortunately, the DNC is taking a lot of steps that confirm on that outlook.”

     
    “If the DNC is going to rig it so that it is simply impossible for anybody to challenge President Biden … I need to look at other alternatives.”

    The Third Candidate

    The possibility of Mr. Kennedy running as a third-party candidate could be bad news for the party as he is the second most popular figure among Democrats in the race after President Biden.

    According to opinion poll analysis firm FiveThirtyEight, President Biden had the support of 65.8 percent of voters in the Democratic primaries, followed by second-placed Mr. Kennedy with 12.3 percent, as of Sept. 8.

    President Joe Biden holds a press conference in Hanoi, Vietnam, on Sept. 10, 2023, on the first day of a visit in Vietnam. (Saul Loeb/AFP via Getty Images)

    A recent poll commissioned by American Values 2024, a SuperPAC supporting Mr. Kennedy, showed that RFK JR. received 41 percent support in New Hampshire against President Biden’s 49 percent in case of a two-way match between them.

    In a three-way poll between President Biden, Mr. Kennedy, and Ms. Williamson, the former held his ground with 31 percent support against President Biden’s 46 percent.

    The reason why a third-party candidate like RFK Jr. is dangerous for Democrats is that he can end up taking away votes from President Biden in key races, which could play in the favor of former President Donald Trump.

    RFK Jr. can also create a situation where no presidential candidate succeeds in securing 270 electoral votes necessary for a win. This would allow state delegations of the House to choose the winner of the presidential election. Such a situation can also benefit President Trump as Republicans have a majority in the House.

    In addition to RFK Jr., another alternative that could play a spoilsport in the 2024 presidential race is No Labels, an organization that could field a candidate in the race. No Labels has already won ballot access in 10 states and intends to get access in all 50 states plus Washington D.C.

    A survey by No Labels in eight battleground states found that 63 percent of registered voters were open to a moderate independent candidate.

    Several groups aligned with the Democratic Party are pressuring elected officials to denounce any presidential campaign from No Labels. The Arizona Democrat Party had filed a lawsuit to stop No Labels from appearing on ballots in the state.
    “No Labels and RFK Jr. are the two biggest threats to Democrats defeating a far-right Republican like Trump or DeSantis,” Sawyer Hackett, a Democratic strategist and consultant, said in a June 28 post on X.

    Tyler Durden
    Tue, 09/12/2023 – 17:25

  • "This Is Philadelphia": A Shocking Video Of Yet Another Democrat City Imploding 
    “This Is Philadelphia”: A Shocking Video Of Yet Another Democrat City Imploding 

    Approaching the 2024 presidential election cycle, which is set to commence this fall, it’s challenging to find just one well-managed major city under Democratic leadership. Many of these metro areas have collapsed into a third-world-like state, plagued with violent crime, homelessness, out-of-control shoplifting, open-air drug markets, and even some with shit-covered streets. 

    Death, destruction, and chaos follow failed progressive policies across many Democratic-run cities, such as Detroit, Baltimore City, San Francisco, Portland, Chicago, Minneapolis, New Orleans, Chicago, and Philadelphia. Democrats have been in control of major cities long enough that they should take responsibility for the downfall of these metro areas but have deflected blame on everything but themselves.

    The seriousness of the blame game is so alarming that in New Mexico, the tyrannical Democrat governor just suspended constitutional gun rights for law-abiding citizens in Albuquerque — blaming the gun rather than disastrous policies and open southern borders for the spike in violent crime. 

    Focusing our attention on Philadelphia, just north of imploding Baltimore City and just south of migrant-infested New York City, the ‘City of Brotherly Love’ has streets that look straight out of the zombie apocalypse TV series “The Walking Dead.” 

    X user Catch Up shared a startling video titled “This is Philadelphia,” showing zombie streets of working-class folks overdosing on drugs. The video did not specify what drugs these folks were on, but we have detailed before Philadelphia was hit with a veterinary sedative xylazine, also known as the “tranq” epidemic

    https://platform.twitter.com/widgets.js

    Meanwhile, the shit-covered streets in San Francisco are so bad that Democrats in City Hall have decided to hire a new tourism official to shift the perception of the crumbling metro area. Good luck with that one.

    Democrats must stop pretending their major cities are ‘rainbows and unicorns’ and address the chaos. If they don’t, it’s up to the voters in 2024 to hold these politicians accountable. 

    Tyler Durden
    Tue, 09/12/2023 – 17:05

Digest powered by RSS Digest

Today’s News 12th September 2023

  • Inside China's Global Military Expansion
    Inside China’s Global Military Expansion

    Authored by Andrew Thornebrooke via The Epoch Times (emphasis ours),

    For two decades, China’s communist regime has poured tens of billions of dollars into low- and middle-income nations, funding massive port projects in the name of global development.

    (Illustration by The Epoch Times, Shutterstock)

    However, experts and lawmakers are warning that the Chinese Communist Party (CCP), which rules China as a single-party state, seeks to expand its global military presence by creating new overseas naval bases out of the commercial ports it has funded and built abroad.

    According to a new report by AidData, a think tank that analyzes government aid expenditures on international development projects, the regime has spent nearly $30 billion on overseas port infrastructure since 2001.

    For those in Congress who are tasked with countering the threat from a newly expansionist CCP, the regime’s pursuit of new basing opportunities is an alarming development that requires immediate action.

    Rep. Mike Gallagher (R-Wis.), who chairs the House Select Committee on the CCP, believes that the only means of countering such an expansion is through increased military and diplomatic investments by the United States. Such investments in partner nations, he hopes, will counter the creeping influence of the CCP.

    The Chinese Communist Party’s expansion of its overseas naval presence is a blaring alarm, and we keep hitting snooze,” Mr. Gallagher told The Epoch Times.

    Rep. Mike Gallagher (R-Wis.) chairs the House Select Committee on the Chinese Communist Party. (Samira Bouaou/The Epoch Times)

    “To counter the CCP’s malign influence and military aggression, the United States needs to both boost its own military-industrial capacity and be more present in the Indo-Pacific, expanding development and diplomacy with key partners to ensure they don’t succumb to debt-trap diplomacy.”

    China Seeks Global Military Expansion

    AidData’s report, “Harboring Global Ambitions,” analyzes more than 20 years of official investments by China’s state-owned entities into overseas seaport projects that might form the groundwork for a new naval base.

    From 2000 to 2023, Beijing spent a staggering $29.9 billion through loans and grants for 123 different projects at 78 ports in 46 low- and middle-income nations, according to the report.

    Each of these projects was funded directly by Beijing or state-owned companies.

    This means that the report doesn’t even begin to look at the potential spending of shadow corporations without official ties to the regime, nor does it account for the regime’s policy of military-civil fusion, which demands that all private Chinese entities create a military advantage for the CCP.

    Paul Crespo, president of the Center for American Defense Studies think tank, believes that the monumental effort is partly driven by the regime’s desire to hold the United States at threat anywhere in the world.

    China is rapidly creating a large, offensive, blue water navy capable of challenging the [United States] far beyond the western Pacific, especially during a war over Taiwan,” Mr. Crespo said.

    “In addition to allowing it to threaten our supply lines, China has long wanted to make the [United States] feel the way it feels with a foreign superpower navy on its doorstep.”

    The CCP currently only acknowledges one overseas military base in Djibouti, in the Horn of Africa. Chinese officials have long acknowledged a more global ambition for their military, however, and suggested that similar bases could be in the works.

    Chinese Foreign Minister Wang Yi said in 2016 that China was amenable to working with partner nations to develop similar facilities to that in Djibouti.

    Chinese Foreign Minister Wang Yi shakes hands with Djibouti’s Minister of Foreign Affairs and International Cooperation Mahamoud Ali Youssouf upon his arrival at the diplomatic institute in Djibouti, on Jan. 9, 2020. (-/AFP via Getty Images)

    Likewise, the 2020 edition of “Science of Military Strategy” (pdf), published by China’s National Defense University, suggested that a new network of long-range naval facilities was necessary to extend China’s reach.

    “To improve the naval force’s ocean-going support capabilities, in addition to the development of large-scale accompanying support ships, we must also attach importance to the construction of long-distance maritime comprehensive replenishment points, and multi-channels to ensure naval forces carry out overseas military operations in the ocean,” the document reads.

    Mr. Crespo, who previously served as a naval attache at the Defense Intelligence Agency, said that such a network of bases would be a prerequisite for the long-term sustainment of China’s increasingly global military presence.

    To challenge the U.S. Navy globally, China needs bases for rearming, refueling, [resupplying], and to repair its rapidly expanding fleet,” Mr. Crespo said.

    Similarly, the AidData report places the regime’s many overseas investments within the broader context of a tug-of-war for global influence with the United States.

    A man walks under a billboard showing the plan of a Beijing-backed multi-million dollar fishing port complex in James Town, Accra, on May 21, 2020. Demolition in parts of the James Town community in Accra to make way for a multi-million dollar fishing port complex. (Nipah Dennis/AFP via Getty Images)

    In contrast to Mr. Gallagher’s ironclad commitment to counter might with might anywhere in the world, the report suggests that such an approach may only worsen global tensions.

    “The [United States] and allies must be vigilant and allocate resources wisely, fostering alliances and partnerships with countries considering moving toward China,” the report reads. “But Western coalitions should not overreact to news or rumors of China establishing a base here or there.

    A headlong rush by a Western country or alliance to establish new bases overseas as a means of counterbalancing might provide exactly the justification or cover China needs to site a naval base of its own.

    Whatever approach the United States takes, it remains an open question just where exactly the next CCP base will spring up.

    By comparing total investments in individual port projects and weighing the strategic value of a geographic location, the strength of the CCP’s relations with the local elites, regional political stability, and the nation’s voting alignment with China on the world stage, the AidData report suggests a few countries as top contenders for new Chinese military infrastructure.

    A Chinese Navy missile frigate is docked at Changi Naval Base during the IMDEX Asia warships display in Singapore on May 4, 2023. (Roslan Rahman/AFP via Getty Images)

    The choices stretch from the Indo-Pacific to the Atlantic, with each region offering distinct advantages and disadvantages.

    Indo-Pacific Base Most Likely

    The Indo-Pacific is, perhaps, the most logical place for a new military base.

    The CCP seeks to break out past the first island chain, thereby securing its commercial and military vessels’ free rein of the seas. Likewise, it seeks greater control of fishing territories and precious resources throughout the region, from the South China Sea to the Indian Ocean.

    If the CCP is to hold the United States and its allies at immediate threat and gain unfettered control of the world’s most valuable trade routes, it needs greater control of the Indo-Pacific.

    Sam Kessler, geopolitical analyst at risk management firm North Star Support Group, believes that a base in this region is the logical step for the regime in its ascent to global domination.

    “At this current moment, it is realistic to see Beijing focusing on building future naval bases that are closer to their area of influence rather than be sprawled out on various continents,” Mr. Kessler said.

    Likewise, the AidData report finds that “the Pacific and the Indian Oceans are China’s highest priority maritime environments.”

    In particular, the report finds Hambantota in Sri Lanka the most likely contender for China’s next overseas base due to its strategic location off of India, the popularity enjoyed by the regime among local elites, and its track record of voting in line with CCP interests internationally.

    Indeed, the CCP owns a 99-year lease on Hambantota Port. The agreement is a result of what some analysts dub China’s “debt trap” diplomacy: The lease was negotiated in exchange for relief of more than $1 billion in Chinese debt.

    An illustration of the Hambantota Port in Hambantota, Sri Lanka on Nov. 15, 2018. Hambantota Port defaulted on its debts and the Sri Lankan government handed over control of the port to China on a 99-year lease. (Paula Bronstein/Getty Images)

    Mr. Kessler agrees. The strategic and economic benefits of a Sri Lankan base are just too valuable to overlook.

    “Like the Belt and Road Initiative, the CCP needs a networking web or a shield of protection that surrounds their main realm of control, which is mainland China,” Mr. Kessler said.

    Ports with high-level investments like Gwadar and Hambantota serve strategic value and enable the CCP to extend their power projection capabilities throughout the Indian Ocean, Indo-Pacific, Middle East, and also Eurasia.”

    Indeed, Beijing has invested more than $2 billion into the Hambantota International Port in the past two decades, making it the CCP’s single-largest port investment. The CCP has also invested more than $430 million into Sri Lanka’s nearby Port of Colombo, which could offer similar or support facilities. Both would allow China to rule the seas as a direct rival to India.

    Sri Lanka, though an obvious choice, isn’t the only possibility. The AidData report and Mr. Kessler note the possibility of Gwadar in Pakistan and Port Luganville in Vanuatu, near Australia.

    To that end, the regime has invested some $577 million into Gwadar and $97 million into Port Luganville, each offering its own benefits.

    A Vanuatu base would allow the regime to break its apparent containment by U.S. and allied forces, according to the report, while one in Pakistan would further cement the regime’s expansion of the Belt and Road Initiative into the Middle East and allow it greater control of the vital Strait of Hormuz.

    Read more here…

    Tyler Durden
    Tue, 09/12/2023 – 02:00

  • Has The West Closed All Its 'Project Ukraine' Exits?
    Has The West Closed All Its ‘Project Ukraine’ Exits?

    Authored by Yves Smith via NakedCapitalism.com,

    Many analysts and commentators have been speculating about how the US and NATO will find their way to an endgame in the Ukraine conflict. Some focus, for humanitarian or pragmatic reasons, on a negotiated settlement between the US and Russia. Even though as a matter of form Ukraine would be party to such a deal, with Ukraine now fully dependent on Western arms and funding, there’s no pretending who is really driving this train.

    We described earlier how the various factions in the US/NATO side would spend huge amounts of time arguing among themselves to come up with ideas for how exit the conflict that they’d developed in a vacuum, with no substantive exchange with Russia and not even any real consideration of repeated statements by Russian officials, including draft treaties presented in December 2021 and in the aborted peace talks in Marcy 2022.

    The new peace chatter seems to amount to:

    Ceasefire > *Magic* > Russia goes away with its tail enough between its legs that we and Ukraine can declare victory

    At first we thought this dynamic was the result of splits among various key parties. After all, multiparty negotiations are messy.

    But upon further reflection, it may be that the West has effectively set boundary conditions for itself that make ending the war impossible… absent changes in leaders of key governments that result in a willingness to relax boundary conditions and/or such a visible collapse of Ukraine’s military that the West has to rethink its self-imposed constraints.

    The West wants to have a Schrodinger’s war: to pretend that its involvement in the conflict is in an indeterminate state when the US and NATO are clearly co-belligerents.

    Keep in mind that so far, NATO members have slipped the leash of Ukraine attempts to depict various shellings as attacks on NATO members

    Remember, we and others have pointed out that there is no reason to assume the belligerents will hammer out an agreement, since many conflicts end without a deal.

    And as we said from very early on, there isn’t good reason to think one will happen here.

    A top priority for Russia is to get Ukraine to commit to neutrality or otherwise keep it out of NATO’s hands, while the US position is that nobody outside NATO has a say in who might be a NATO member. And for Ukraine, or at least the Banderites, the war must be kept going as long as possible. Once US/NATO money and materiel largely evaporates, the current Ukraine leaders will be at the mercy of the Russian government, with their personal power and prospects for further enrichment very much diminished. A few might survive and even prosper, but as a group, they will suffer a very big fall.

    And as noted the US and NATO are still trying to escalate….or at best, escalating because past measures like the great Ukraine counteroffensive have failed. And worse, Western experts are admitting that Russia has been improving its tactics and weapons over the course of the war, as Simplicius the Thinker recounts in his latest post. So the US, which earlier nixed F-16s for Ukraine now will be sending them. ABC has reported that the US is now likely to send ATACMS missiles, which have a longer range than HIMARS. Many commentators Ukraine will use to strike Crimea and the Kerch Bridge.1

    Why do we think the West has caught itself in a bind?

    For Russia, the war is existential. Too many Western officials have depicted victory as Russia being so battered that Putin is ousted and even the breakup of Russia. Russian opinion has hardened due those pronouncements, along with Western efforts not just to support the Ukraine war, but also to cancel Russian athletes, performers, and even its culture, and to continued Ukraine missile strikes on the civilian Donetsk city.

    At least for now, the US/NATO combine is acting as if the war is existential, even though, as Ray McGovern has pointed out, there is not a shred of evidence that Russia has any interest in acquiring territory in NATO countries. Consider how Germany has allowed itself to be deindustrialized and has not acted in response to the Nord Stream attack, which the German press depicts as the handiwork of its ally Ukraine, and the US cannot plausibly have not known what was up. Those actions show the depth of commitment.

    As for Russia’s posture towards Ukraine, Putin rejected the efforts of the Donbass separatists to join Russia prior to the special military operation, and moved to annex the four oblasts that Russia had partially occupied only after the embarrassing pullbacks from Kherson and Kharkiv last year. That left the civilians who had helped the Russians exposed to reprisals, and others in areas where Russia had taken ground worried about Russia’s commitment. But now that sentiment in Russia has hardened and the West is not backing down, Russia seems destined to gobble up more of Ukraine. And what happens to Western Ukraine then is very much an open question.

    However the US/NATO position that the NATO will always have an open door policy may wind up being existential for NATO. If the US were to get over itself, it could agree to stop NATO expansion eastward where it is now (not that Russia would necessarily believe that) which might allow NATO to continue to exist only a bit bruised via how badly the NATO-trained and equipped forces in Ukraine fared versus Russia. Instead, NATO is actually doubling down, for instance via the pleasing-nobody compromise floated by a deputy of NATO chief Jens Stoltenberg, of Ukraine ceding land to Russia in return for an immediate NATO membership. What about “Russia will not accept NATO on its border” don’t you understand? This sort of thing only further confirms the notion that the West has no interest in considering Russia’s security needs.

    And Russia can’t have missed Anthony Blinken’s position when head of the Joint Chiefs Mark Milley had the temerity last fall to suggest that Ukraine negotiate after it had recaptured some ground so as to improve its bargaining position. Milley was made to walk his mention of negotiations back at that time. Blinken committed the US and NATO to continuing to arm Ukraine to revisit the war at a later date. Key extracts from his Washington Post interview with David Ignatius:

    Secretary of State Antony Blinken outlined his strategy for the Ukrainian endgame and postwar deterrence during an interview on Monday at the State Department….

    He also underlined President Biden’s determination to avoid direct military conflict with Russia, even as U.S. weapons help pulverize Putin’s invasion force. “Biden has always been emphatic that one of his requirements in Ukraine is that there be no World War III,” Blinken said.

    Russia’s colossal failure to achieve its military goals, Blinken believes, should now spur the United States and its allies to begin thinking about the shape of postwar Ukraine — and how to create a just and durable peace that upholds Ukraine’s territorial integrity and allows it to deter and, if necessary, defend against any future aggression. In other words, Russia should not be able to rest, regroup and reattack.

    Blinken’s deterrence framework is somewhat different from last year’s discussions with Kyiv about security guarantees similar to NATO’s Article 5. Rather than such a formal treaty pledge, some U.S. officials increasingly believe the key is to give Ukraine the tools it needs to defend itself. Security will be ensured by potent weapons systems — especially armor and air defense — along with a strong, noncorrupt economy and membership in the European Union.

    The Pentagon’s current stress on providing Kyiv with weapons and training for maneuver warfare reflects this long-term goal of deterrence. “The importance of maneuver weapons isn’t just to give Ukraine strength now to regain territory but as a deterrent against future Russian attacks,” explained a State Department official familiar with Blinken’s thinking. “Maneuver is the future.”

    Given that the current Ukraine government continues to insist that it must recapture all of the pre-2014 Ukraine, it’s clear that any rearming of Ukraine by the West would lead to new hostilities…and not instigated by Russia.

    However, as an aside, the Post also unwittingly tells us why Project Ukraine is doomed. The US has not adapted to the new ISR paradigm which Russia is perfecting with every passing day. As various military experts have pointed out, maneuver warfare (which among other things depends on massing forces to punch through enemy lines) is no longer possible with a peer power. Your build-up of men and materiel will be seen and attacked before you launch your big punch.

    Keep in mind what Blinken’s position also implies: the US believes it can run what amounts to a two front war. Blinken posits Russia somehow loses in Ukraine so as to allow the US and NATO to rearm it at their leisure so as to harass, um, pressure Russia further down the war. At the same time US is also determined to Do Something to its official Enemy #1, China. Since economic sanctions are working about as well against China as they have against Russia, what does the US and its Pacific allies have left besides military escalation? Or will mere relentless propaganda be enough to snooker the credulous American public?

    So unless the US relents, Russia has no option but to continue to prosecute the war until Ukraine is prostrated or Russia has otherwise precipitated regime change in Kiev. Russia needs to capture Ukraine, either politically or practically. This outcome becomes even more important if the US sends ATACMS. Russia will need an even wider buffer zone (300 km versus 77 km for the HIMARS previously sent) to prevent their use against Russian territory.

    However, an undeniable Ukraine loss, no matter how much porcine maquillage US and EU spokescritters apply, will, as Alastair Crooke in particular described long-form in a recent Duran program, will rattle smaller NATO members, who will doubt they can rely on NATO to come to their rescue. NATO may still be fit for purpose as a defensive alliance. However, the fact that the US and NATO members sent in a whole mess of heavily-hyped wunderwaffen that did pretty much nothing to blunt Russian operations, and some of which were impressively destroyed, like Leopard 2 and Challenger tanks and the West is not responding with a Sputnik-level effort to get Western firepower up to Russian levels, means there is good reason to doubt how well the NATO shield would hold up if tested.

    Mind you, Crooke explained in a related article that US is (or the hawks think it is) moving in the direction of a long, low intensity conflict, which is consistent with the Blinken remarks above. But that US/Ukraine hope ignores again that the war is generally very much going in Russia’s direction, with Ukraine continuing to throw men and materiel against Russian positions, and Russia only engaging in fairly minor advances in and near Kupiansk to produce even more of the same. Russia wanted to attrit Ukraine and is getting that outcome. And Russia can and will increase the intensity when it suits Russia.

    One would think, given both the weakening Ukraine position, and the all-too-obvious need for the Biden Administration not to suffer a visible defeat in Ukraine, the optimal time would be between March and October 2024. However, that still may not take the form of the too-eagerly-hoped for big arrow attacks unless the Ukraine army is severely degraded.2 But the flip side is when Russia finally cracks the last Ukraine line of defense in the Donbass, there’s not much in the way of defensible positions west of Lugansk up to the Dnieper.3

    In other words, the way to an end game is regime change. And the weak regimes are all in the West.

    *  *  *

    1 Admittedly, the US has pushed back the delivery date of Abrams tanks to next year….but they are so heavy they would probably be useless in the soon-to-arrive mud season. Dima at Military Summary today noted that Russia has not engaged in the sort of massive missile strikes of Ukraine that had been its habit, although it is still regularly striking selective targets, such as yesterday an ammo depot in Kiev, rumored to hold depleted uranium shells. He speculates they are accumulating stocks for big strikes in the winter to again damage the electrical grid. If Russia indeed has been caching missiles, they could also be keeping them in reserve for major retaliatory strikes.

    2 Another issue is that Russia knows it is dealing with people who do not have a good grip on reality, and you don’t make sudden moves around crazy people, particularly when they possess nukes.

    3 This makes the continuing fight over Bakhmut rational. That is on the third of four Ukraine defensive lines, but the last is seen as weak. If Russia were to move forces up to the Dnieper, it is hard to see how the West could not see that as undeniable evidence of Russian success, which would threaten the position of the Ukraine regime with its patrons.

    *  *  *

    This is Naked Capitalism fundraising week. 677 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card or PayPal or our new payment processor, Clover. Read about why we’re doing this fundraiserwhat we’ve accomplished in the last year,, and our current goal, continuing our expanded news coverage.

    Tyler Durden
    Mon, 09/11/2023 – 23:40

  • Another One Fails: Subprime Auto Dealership Hit With "Unprecedented Changes To Auto-Retail Landscape"
    Another One Fails: Subprime Auto Dealership Hit With “Unprecedented Changes To Auto-Retail Landscape”

    Earlier this year, we discussed the ‘big profitability squeeze‘ on auto dealerships and the subsequent failure of a subprime dealership with dozens of locations. Now, another dealership has failed as cracks across the industry worsen. 

    A popular used car dealership in South Florida, called “Off Lease Only,” filed for Chapter 11 of the US Bankruptcy Code in the District of Delaware last Thursday, citing “unprecedented changes to the automotive-retail landscape.”

    “The industry has been impacted by inventory scarcity, and vehicle price inflation stemming from supply chain disruptions and multi-year declines in new vehicle production,” the company wrote in a press release

    The company also blamed elevated used car prices and soaring interest rates that “further deteriorated conditions in the automotive retail market, weakening consumer demand and affordability.” 

    Off Lease Only’s demise was due to collapsing demand after used car interest rates skyrocketed while used car prices remained elevated, sparking an affordability crisis. 

    The Florida-based company listed assets and liabilities each of between $100 million and $500 million on its bankruptcy filing. It noted a range of strategic options were being explored for “an orderly wind-down of the business.” 

    In April, another subprime auto dealership called US Auto Sales abruptly closed dozens of locations and filed for bankruptcy in August amid headwinds gathering in the used car market.  

    The fact is, mid/low-tier consumers can’t afford monthly $1,000 payments for a used car as costs for shelter and food remain elevated. Further, many of these folks are financially tapped out, as we shared in the latest note titled “Slide In Consumer Credit Accelerates As Excess Savings Exhausted, Average Credit Card Rate Hits 22%.”

    Consumers are in very bad shape.  

    And if consumers were hoping for relief in used car prices, think again“Used Vehicle Prices May Have Bottomed For The Year.” 

    We can only imagine there are many other subprime dealerships on the verge of collapse. 

    Tyler Durden
    Mon, 09/11/2023 – 23:20

  • Taibbi: A Day That Never Ended
    Taibbi: A Day That Never Ended

    Authored by Matt Taibbi via ‘Racket News’ substack,

    America thought it left the War on Terror behind, but the emergency never stopped expanding…

    Twenty-two years ago jet planes crashed into the Twin Towers in New York. Within two hours they fell, starting fires that still burned eight days later, on September 19th, when Attorney General John Ashcroft asked for a sweeping expansion of executive power, telling congress on a Wednesday to have a bill by the end of the week.

    “We need every tool available to us,” Ashcroft said, and congress quickly delivered with “roving” wiretaps, warrantless searches, “trap and trace” searches, law enforcement and intelligence access to grand jury information, use of FISA monitoring for non-foreign situations, reduction or elimination of predicate requirements for FBI investigations, and elimination of judicial review for most of these activities, among many other things in the USA PATRIOT Act.

    It all passed on October 26th, marking just the beginning of what turned into a long period of radical change.

    From 2001 to 2008 the U.S. internationally became the world’s Death Star, constructing the most fearsome military-intelligence state ever seen.

    Between 1.9 and 3 million Americans served in wars after 9/11, as the open-ended 2001 Authorization to Use Military Force led not only to invasions of Afghanistan and Iraq, but deployments in Yemen, Somalia, Libya, Syria, Niger, and parts unknown, the list of foes covered by the AUMF remaining classified.

    Passage of new military commissions law made Guantanamo Bay the face of an anything-goes secret justice system, kept filled with “combatants” by troops from a swelling archipelago of 750 foreign bases.

    A “targeted killing” program headed by a fleet of CIA-run drone programs was likewise kept busy by a vast global surveillance net, newly consolidated after the creation of the 240,000-person Department of Homeland Security, the largest federal reorganization since the Defense Department’s birth in 1947.

    It’s forgotten, but Barack Obama was sent to the White House in what a lot of the voting public at the time considered a referendum on the security state.

    The genteel Obama played up “constitutional lawyer” credentials, announcing in a national security address at the Wilson Center in 2007 his opposition to the “color-coded politics of fear” and “a war in Iraq that should never have been authorized.”

    Candidate Obama added it was time to “turn the page” with more peaceful means of “drying up” support for terrorism, a strategy that hurtled him past favored Hillary Clinton in primary season.

    Privately however he’d already met with people like Richard Clarke, who told him, “As a president, you kill people.”

    This is who Obama would actually be in office, an “idealist without illusions” who expanded the buildup, institutionalized the “kill list,” and in one of his last major acts, created a new counter-disinformation authority that helped birth the censorship state.

    The 5th Circuit Court’s decision in the Missouri v. Biden case last week, which allowed the Department of Homeland Security (and its Cybersecurity and Infrastructure Security Agency, or CISA) to squirm free of an anti-censorship injunction, underscored the central delusion of post-9/11 America.

    Voters thought they shut down the War on Terror in 2008, but American citizens were instead swallowed up by it, made subjects of the global dragnet.

    From the Towers to Trump to Covid to today, the emergency state not only never receded but tried continually to expand, looking to make the panic of twenty-two years ago a forever thing.

    How do we end this day?  

    Tyler Durden
    Mon, 09/11/2023 – 23:00

  • City Slickers Caused Rural Populations To Explode During Pandemic — Leaving A Trail Of Resent And Strained Infrastructures
    City Slickers Caused Rural Populations To Explode During Pandemic — Leaving A Trail Of Resent And Strained Infrastructures

    The influx of transplants from urban living to rural areas during the pandemic has been well documented, as the lure of a cheaper cost of living and wide open spaces vs. the prospect of riding out lockdowns in a $5,000 / month postage stamp was no brainer for many.

    And so for the first time in three decades, rural America’s population has outgrown that of urban areas, driven by remote work, affordability and lifestyle changes. Tech-savvy Californians have led this great migration. Driven by exorbitant living costs and an ever-intrusive (and tax-thirsty) state government, they are fleeing the Golden State for places like Montana. However, this movement is sparking backlash from longtime residents, with bumper stickers saying, “Don’t California my Montana,” highlighting the growing resentment.

    The result? Rural America is booming – yet, underneath the surface problems are beginning to emerge – most notably resent among longtime locals over now-prohibitively expensive real estate prices, and a growing strain on infrastructures around the country.

    The trend is sparking resentment as house prices in the top 10 rural counties that have seen the biggest population increases surging more than 40% over the past three years. Schools are overloaded and the shift is even impacting farmland prices. -Bloomberg

    Farmland prices are also at record highs, driven by higher commodity prices and inflation hedging.

    There’s a lot of resentment,” said Maggie Doherty, a writer and columnist living in Flathead County, Montana. “There’s bumper stickers that say ‘Montana’s full’ or ‘Don’t California my Montana.’” she told Bloomberg.

    Tech-savvy Californians are leading this great migration. Driven by exorbitant living costs and an ever-intrusive (and tax-thirsty) state government, they are fleeing the Golden State for places like Montana. However, this movement is sparking backlash from longtime residents, with bumper stickers saying, “Don’t California my Montana,” highlighting the growing resentment.

    In Jackson County, Georgia, finding affordable homes is now near impossible – as prices rose 50% in the first half of this year vs. three years earlier, according to Zillow. Thanks to Jackson’s proximity to Atlanta, the county has attracted a flood of hybrid workers.

    “There’s been a lot of battles politically over building and where to build,” said Jackson County Democratic head Pete Fuller. “There are organized groups that do not want affordable housing being built.”

    Rents are also surging. In the past two years, according to Zillow, Harnett County and Moore County in North Carolina, Gallatin County in Montana, and Iron County in Utah have all seen rent increases between 13% to 24%, Bloomberg reports.

    “Rent is completely through the roof,” said Tennessee resident Wendy Cerne. “There are a lot of new people that have moved into the region and I’ve experienced that first hand.”

    As noted above, the price of farmland has never been this high either.

    “Anything that helps broaden and deepen what I would call the opportunity set for off-farm income is good for producers, which is a good underpinning for land prices,” said Tom Halverson, CEO of rural lender CoBank ACB.

    “The states in the South and East have been some of the biggest beneficiaries of this population movement,” he said. “They also are the parts of the agricultural production complex in this country that that are most reliant on off-farm income. So there’s an interesting correlation dynamic there.”

    No Affordable Retirement in California

    Bob Ficken, a retiree from California, encapsulates the dilemma: “Retiring in California is near impossible. The state ends up taking between 25% and 30% of everything you make.”  This situation, coupled with deteriorating cityscapes in urban areas, is fueling the rush towards rural America.

    Political Fault Lines

    The demographic shifts are also exacerbating existing political divides. As newcomers bring along their political preferences, battleground states like Georgia and North Carolina become even more unpredictable, adding a layer of complexity to the 2024 presidential election calculus.

    The migration has the potential to change voting patterns in both the places people are leaving and the ones they’re going to, adding an additional layer of unpredictability in battleground states like Georgia and North Carolina in the 2024 presidential election. -Bloomberg

    And lastly, aging infrastructures are being tested like never before.

    “You see huge issues with infrastructure as well with roads, roads that were not meant to handle truck traffic a lot of times are breaking down,” said Fuller, adding “There’s been two new high schools built here in the last couple years just to accommodate growth.”

    Tyler Durden
    Mon, 09/11/2023 – 22:40

  • 'Utter Madness:' Elon Musk Reacts To California's Proposed Gender Affirming Law
    ‘Utter Madness:’ Elon Musk Reacts To California’s Proposed Gender Affirming Law

    Authored by Dorothy Li via The Epoch Times (emphasis ours),

    Elon Musk in Paris on June 16, 2023. (Joel Sagat/AFP via Getty Images)

    Tech entrepreneur and California resident Elon Musk criticized an assembly bill in the state, calling the proposed law to require that parents affirm their child’s transgender identify for custody rights “a wolf in sheep’s clothing.”

    Mr. Musk’s comment came as the Democratic-majority State Assembly approved the legislation on Sept. 8, sending it to Gov. Gavin Newsom’s desk.

    The bill, AB 957, incorporates parents’ “affirmation of the child’s gender identity or gender expression” into the concept of a child’s “health, safety, and welfare.” If passed, the bill will require a judge to consider whether a parent affirms a child’s ideas about gender transition when determining custody or visitation rights.

    “This bill is a wolf in sheep’s clothing,” Mr. Musk wrote on Friday on X, formerly called Twitter. “What it would actually mean is that if you disagree with the other parent about sterilizing your child, you lose custody. Utter madness!

    The bill was initially introduced by Assemblywoman Lori Wilson, a Democrat, in February. She previously argued the legislation doesn’t prioritize a parent’s gender-affirming over other judicial criteria that determine custody disputes.

    “If you have a child going through that system, a judge has discretion, like they do looking at the totality of circumstances related to the health, safety, and welfare of a child, to consider different factors,” the Assemblywoman told ABC7 in June after the bill made its way through California Legislature.

    One of the factors, not the factor, but one of the factors, would be the parent’s affirmation of a child’s gender identity.”

    At the Senate Judiciary Committee hearing, Ms. Wilson said the bill was intended to address “parents antagonistic to their child’s gender identity.”

    State Sen. Scott Wilk, a Republican, said there have been many policies introduced to protect children during his 11 years in the state legislature. But now, he said, it’s time to start protecting parents.

    “In recent years, we have put government bureaucrats between parents, children, and doctors when it comes to medical care. And now, we have this, where if a parent does not support the ideology of the government, [children] are going to be taken away from the home,” Mr. Wilk said. “If you love your children, you need to flee California.”

    How to Raise Children

    On Sept. 6, the bill cleared the state Senate in a near-party-line vote, 30-9. Democrats argue that the legislation would help to protect the well-being of LGBTQ+ children whose parents are going through a divorce.

    Every Republican in the state Senate voted against the bill, with state Sen. Kelly Seyarto, who represents Murrieta in Southern California, arguing that lawmakers were interfering too much with how parents choose to raise their children.

    The Democrat governor now has until Oct. 15 to either sign the bill into law or veto it.

    Some parental rights groups warned the bill would leave parents involved in a child custody battle with no choice but to consent to recommendations of gender change for their child at any age, for any gender identity.

    Newsom needs to veto it because if he doesn’t, he is aligning with breaking up families. He’s aligning against parents and also judicial discretion. It’s the state control of our judges,” Jennifer Kennedy, spokesperson for Our Duty, a parental rights group, told The Epoch Times on Sept. 8. “Why would Newsom attack families already in crisis? He needs to read the room and veto AB 957.”

    Ms. Kennedy, a civil rights attorney, argued the bill would infringe parental rights and remove the discretion of judges to consider the facts involved in child custody disputes on a case-by-case basis.

    “The affirming parent will always be given the benefit of the doubt. They will always be favored in custody and visitation, so it’s completely unconstitutional.”

    ‘Legislated Evil’

    Chloe Cole, who agreed to have a “gender-affirming” surgeon remove her breasts at the age of 15—a life-changing decision she regrets after reaching the age of majority—also took to social media to voice her opposition.

    “This issue is wildly unpopular yet the Cali Gov pushes forward with more and more radical policies,” she said in response to Mr. Musk’s post. “@ProtectKidsCA is trying to introduce ballot measures that will stop the sterilization of kids in California.”

    Michael Seifert, the Founder and Chief Executive Officer of PublicSq, called the bill a “legislated evil.”

    “California is determined to discover rock bottom,” he said in a post on Friday. “I’m so glad we left that state.”

    “I don’t even recognize my former home anymore.”

    The Associated Press and Brad Jones contributed to this report.

    Tyler Durden
    Mon, 09/11/2023 – 22:20

  • What Electricity Sources Power The World?
    What Electricity Sources Power The World?

    In 2022, 29,165.2 terawatt hours (TWh) of electricity was generated around the world, an increase of 2.3% from the previous year.

    In this visualization, Visual Capitalist’s Chris Dickert and Sam Parker look at data from the latest Statistical Review of World Energy, and ask what powered the world in 2022.

    Coal is Still King

    Coal still leads the charge when it comes to electricity, representing 35.4% of global power generation in 2022, followed by natural gas at 22.7%, and hydroelectric at 14.9%.

    Source: Energy Institute

    Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.

    Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.

    Renewables on the Rise

    However, even as non-renewables enjoy their time in the sun, their days could be numbered.

    In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.

    The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”

    With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.

    France’s Nuclear Horrible Year

    Another big mover in this year’s report was nuclear energy.

    In addition to disruptions at the Zaporizhzhia nuclear power plant in Ukraine, shutdowns in France’s nuclear fleet to address corrosion found in the safety injection systems of four reactors led to a 4% drop in global use, year-over-year.

    The amount of electricity generated by nuclear energy in that country dropped 22% to 294.7 TWh in 2022. As a result, France went from being the world’s biggest exporter of electricity, to a net importer.

    Powering the Future

    Turning mechanical energy into electrical energy is a relatively straightforward process. Modern power plants are engineering marvels, to be sure, but they still work on the same principle as the very first generator invented by Michael Faraday in 1831.

    But how you get the mechanical energy is where things get complicated: coal powered the first industrial revolution, but heated the planet in the process; wind is free and clean, but is unreliable; and nuclear fission reliably generates emission-free electricity, but also creates radioactive waste.

    With temperature records being set around the world in the summer, resolving these tensions isn’t just academic and next year’s report could be a crucial test of the world’s commitment to a clean energy future.

    Tyler Durden
    Mon, 09/11/2023 – 22:00

  • Israeli Officials Make First Ever Public Visit To Saudi Arabia
    Israeli Officials Make First Ever Public Visit To Saudi Arabia

    Via The Cradle,

    An official Israeli delegation has arrived in Saudi Arabia to serve as observers during the 45th session of the UNESCO World Heritage Committee, marking the first public visit by government officials to the kingdom.

    An Israeli official who spoke with AP said the delegation is led by Amir Weissbrod, a deputy director-general in the Israeli foreign ministry, and includes several diplomats. The official also stressed that the delegation is “not on a bilateral visit.”

    Image source: Shutterstock 

    “We are happy to be here – it’s a good first step … We thank UNESCO and the Saudi authorities,” a member of the delegation who did not want to be named told AFP.

    The delegation reportedly traveled through Dubai on their way to the kingdom. They only take part as observers due to Tel Aviv quitting UNESCO in 2017 and accusing the organization of being “biased” over Israel’s historical abuses against Palestinians and the military occupation of their land.

    Last week, Israeli media accused the kingdom of “delaying granting visas” for the delegation, as the group was reportedly set to include Foreign Minister Eli Cohen and Education Minister Yoav Kisch. In March, Riyadh refused Israel’s request to grant entry to Cohen for the UNESCO conference.

    The public visit by low-level Israeli officials to Saudi Arabia has been described as a coup for the US in its plans to secure a normalization agreement between the two nations.

    Normalization would be part of a so-called “mega-deal” with the US, which also calls for a defense pact from Washington, access to more advanced weaponry for the Saudis, and US help in developing a civilian nuclear program that would include uranium enrichment on Saudi soil.

    Saudi Arabia has also publicly declared that normalization hinges on the implementation of the 2002 Arab Peace Initiative, which calls for the creation of an autonomous Palestinian state. The Palestinian Authority (PA) has reportedly set conditions to support Saudi-Israeli normalization.

    https://platform.twitter.com/widgets.js

    Although the current visit by Israeli officials is being hailed as a major step toward normalization, last year, the kingdom relaxed its entry rules for Israeli passport holders. Furthermore, reports suggest dozens of Israeli businesspeople traveled to Saudi Arabia over the past year.

    Hebrew media revealed last year that several senior security and political figures, including Prime Minister Benjamin Netanyahu, visited the kingdom over the past decade. Israeli tourists have also been spotted in the planned futuristic megacity of NEOM in Saudi Arabia, which is still under construction.

    Tyler Durden
    Mon, 09/11/2023 – 21:40

  • Computer Models Show Hurricane Lee Could Make Landfall In New England 
    Computer Models Show Hurricane Lee Could Make Landfall In New England 

    Hurricane Lee formed nearly a week ago (read here) and rapidly intensified into a Category 5 (read here) on the Saffir-Simpson Hurricane Wind Scale. Lee has since been downgraded to a Cat. 3 with risks of restrengthening into a Cat. 4 this week while it churns toward the northeast Caribbean. New computer models show landfall impacts could be across Maine and the rest of New England.

    Lee was located about 340 miles north of the northern Leeward Islands, with maximum sustained winds of 120 mph, according to a 0500 ET update by the National Hurricane Center. 

    “A slow west-northwestward motion is expected during the next couple of days, followed by a gradual turn toward the north by midweek,” NHC said. 

    The weather agency has no coastal watches or warnings in effect for the US mainland but does expect dangerous surf conditions across the Lesser Antilles, the British and US Virgin Islands, Puerto Rico, Hispaniola, the Turks and Caicos Islands, the Bahamas through this week. 

    Computer models favor Lee to ride parallel hundreds of miles offshore of the US East Coast by late week, with landfall impact concerns in the New England area next week. 

    “It remains too soon to know what level of impacts, if any, Lee might have along the US East Coast and Atlantic Canada late this week, especially since the hurricane is expected to slow down considerably over the southwestern Atlantic,” NHC said. 

    Tyler Durden
    Mon, 09/11/2023 – 21:20

  • What If We Had A Functional Media?
    What If We Had A Functional Media?

    Authored by Frank Miele via RealClearPolitics.com,

    Could you imagine the difference if, in the fall of 2020, the Washington Post had accepted a copy of the Hunter Biden hard drive and actually investigated the thousands of emails, photos, text messages, and other evidence that implicated not just Hunter but his father Joe Biden in sundry unethical and criminal enterprises?

    What about CBS, NBC, and ABC?

    Shouldn’t we as news consumers expect these leviathans “to give the news impartially, without fear or favor, regardless of party, sect, or interests involved,” as the new owner of the New York Times declared way back in 1896?

    Yet in October 2020, when the New York Post wrote a series of stories describing the corrupt nature of the Biden family as exposed by the Hunter Biden laptop, there were few mainstream media outlets that dared to follow.

    Or really, not dared, but chose. Because there is nothing daring about doing your job correctly.

    You would think that when all the major social media companies like Facebook and Twitter blocked any discussion of the New York Post’s reporting on the laptop, these other major news corporations would have come to the aid of the Post.

    If any of them had done their own investigation of the laptop, do you think that Twitter could have continued to censor the news under the false claim that it was Russian disinformation? Hardly.

    But no mainstream media outlets were willing to put their own reputations on the line to support free speech – because their reputations are based entirely on being guardians of the left, and protecting Hillary, Barack and the Bidens is more important than fidelity to any chimeric sense of fairness and honor.

    And Hunter Biden’s laptop is just a symptom.

    In instance after instance, most of the media either closes its eyes to stories that implicate liberals or Democrats in unethical or illegal behavior, or pretends they are of no importance. Examples abound, from the whitewashing of Hillary Clinton’s involvement in the invention of the Russia collusion hoax to the complete lack of curiosity about the sweetheart deal offered to Hunter Biden by the so-called independent Justice Department.

    It’s no wonder that much of the public at large is convinced there is no evidence that warrants the impeachment of Joe Biden for bribery or treason.

    That’s what happens when you depend on biased news sources to form your opinion.

    And what’s worse: These are not just biased news sources, but ignorant ones. Take, for example, the case of Philip Bump of the Washington Post.

    Bump, a prized columnist and news analyst, was recently embarrassed by podcast host Noam Dworman, who is best known as the owner of a New York City comedy club. Bump claimed there was no evidence that President Biden had done anything improper in regard to his son’s business deals with foreign adversaries, and when Dworman rattled off some of the most important evidence suggesting otherwise, Bump took off his headset and walked away.

    The interview ended when Dworman asked Bump: “What do you take from [Hunter’s] text message to his adult daughter — Hunter texted her, “I had to give 50% of my income to Pop.”

    Bump, the Washington insider who molds public opinion by telling the rest of us what to think, declared meekly, “I have no idea what that means. I don’t. I have no idea what that means.”

    And let’s be clear.

    He doesn’t want to know what it means. That’s because he is not a real journalist; he is a propagandist for Democratic officials, ideas, and policies.

    Most importantly, it is when Dworman challenged Bump to acknowledge what a real journalist would do – ask questions of Hunter Biden’s daughter to get to the bottom of the story – that the columnist walked out.

    DWORMAN: Has anybody asked her?

    BUMP: I don’t know. I don’t know!

    DWORMAN: Don’t you think somebody should ask her?

    Hell no, because then the mainstream media would be serving the American public instead of Joe Biden. Perhaps even more nefariously than what it has done to protect the Bidens, the media has fed the public with a steady stream of lies about Donald Trump. Most relevant today, as the former president faces 91 felony counts and four indictments, is the insistent drumbeat of claims that Trump led an insurrection against the federal government or that he knowingly lied about election fraud.

    Again, just like with the Hunter Biden laptop, the average citizen is supposed to sheepishly accept the dismissive reporting of the media about election irregularities as the unadulterated truth, and any deviation from that narrative is met with silence or scorn.

    We have a perfect example of that in the investigative reporting of the Gateway Pundit last month that revealed extensive election fraud in Michigan during the 2020 election. If you are scratching your head, and asking what the heck I’m talking about, then it’s because you have fallen victim to the media’s refusal to cover any news that reflects positively on President Trump.

    Chances are, you have never even heard of the Gateway Pundit unless you are a dedicated conservative who has sought out alternative sources of news that counter the mainstream narrative. Anyone else would probably be scared away by the public assessments of such left-wing institutions as Wikipedia, which calls the Gateway Pundit “an American far-right fake news website…. known for publishing falsehoods, hoaxes, and conspiracy theories.”

    But if you want to know the facts about a police investigation that started in October 2020 and found that more than 10,000 mostly fake voter registrations were submitted to election officials in Muskegon County, Michigan, you would need to read the Gateway Pundit, or one of the conservative websites that picked up their stories. Because there is no way that the New York Times or NBC will ever report on this explosive story.

    And it doesn’t matter whether the Gateway Pundit is a conservative advocacy website or not.

    True, the website doesn’t have journalistic credentials, but who cares?

    Journalism as an institution is in total disrepair. No one cares about credentials; we care about credibility. What matters is the evidence the website’s reporters provide to substantiate their claims that a pattern of election fraud in Michigan and other states was discovered prior to the 2020 election and then covered up after the election. And there is plenty of evidence. Most importantly, the Gateway Pundit’s reporters obtained the Michigan State Police report that detailed an extensive preliminary investigation found credible evidence of a scheme to create fake voters.

    In many ways, the oppression of the Muskegon election interference story parallels the techniques used to oppress the New York Post’s laptop story. If you do a Google search for “Muskegon voter registration police report” (without the quotes) you will see an interesting pattern. 

    First, the blacklisting of Gateway Pundit from the Google results. Second, the utter silence of the elite media on this hugely significant story. Third, a number of so-called “fact checks” that downplay the veracity of the story. The only thing missing is a letter from 51 intelligence agents calling the whole thing a “Russian information operation.”

    The closest we ever got to a mainstream news acknowledgment of the Gateway Pundit’s reporting was when the Detroit News ran a shocking admission from Michigan Attorney General Dana Nessel’s office that the facts of the story were accurate and that the election fraud was reported to the FBI:

    Nessel’s press secretary, Danny Wimmer, said the total number of suspected fraudulent forms delivered to the Muskegon clerk by the individual was 8,000 to 10,000 ahead of the Nov. 3, 2020, presidential election.

    ‘The city clerk in Muskegon detected the fraudulent material provided and alerted the proper authorities,’ Wimmer said in a statement. ‘A thorough investigation was conducted by multiple agencies within the state and no successful fraud was perpetrated upon the state’s election process or qualified voter file.’

    In other words, because the 10,000 fake registrations were detected by an alert election official, there was nothing to worry about. Huh?

    First of all, attempted election fraud on that scale should worry us all, but more importantly, there is no reason to think that all the election fraud was caught just because one election scammer was caught one time.

    The Michigan State Police report on the investigation was extensively redacted, but on page 14, the authorities failed to redact the name of GBI Strategies, a Democrat-aligned election-turnout specialist that has been confirmed as having 2020 operations in multiple states. The office of GBI Strategies that was searched under a warrant turned up as many as 19 vehicles used by the company’s workers, certainly more than one lone worker would need. In addition, the woman who tried to submit more than 10,000 fake registrations told state police that she had “done work” in Detroit, Ypsilanti, Southfield, Flint, and Lansing as well as Muskegon.

    Despite Nessel’s celebration of how 10,000 fake registrations were detected by an alert election clerk, there is absolutely no reason to believe that thousands of fake registrations were also uncovered in those other cities where GBI Strategies was hard at work. Conclusion? Joe Biden’s victory by 154,000 votes in the Great Lakes State may have been less great than we were led to believe. In fact, it may not have been a victory at all. The only way to find out would be to demand a forensic audit of voter registrations submitted in the month or two prior to the election.

    But that will never happen if the only voice demanding it is the Gateway Pundit. Because just as there was a concerted campaign to discredit the New York Post when it revealed the extent of the corruption in the Biden family as exposed on Hunter’s laptop, there has been an equally dishonest campaign to discredit the Gateway Pundit.

    Although you won’t find one story published by the Gateway Pundit when you look at the top 100 results of a Google search for the Muskegon police report on election fraud, you will not surprisingly find three “fact checks” claiming the story is fake news. Politifact, Lead Stories, and Newsweek all managed to find their way into the top 100 search results to debunk a story that Google was pretending didn’t even exist.

    Each of these “fact checks” followed the same pattern. They repeated the evidence in the Michigan State Police report that the Gateway Pundit based its reporting on, and then they said “It doesn’t matter” because the state attorney general said no fraud occurred. Really? That’s what we call a fact check these days?

    How about this? Let’s get the New York Times, CBS, the Washington Post and NBC to assign their best investigative reporters to comb through voter registration records in Michigan. Why not track down the CEO of GBI Strategies and question him about what techniques the company uses to increase voter turnout, which states they operated in during the 2020 election, and what relationship exists between GBI Strategies and the Democratic Party or the Biden campaign?

    But that will never happen, which is why the Gateway Pundit and similar citizen journalist organizations are necessary. They may not be perfect, but they provide a service we can’t get from most media outlets today  – they aren’t a mouthpiece for the official narrative being sold to us by the Deep State, the Democratic Party, and the donor class.

    And until the mainstream media rediscovers the value of reporting the news “without fear or favor,” I’ll rely on the Gateway Pundit, Breitbart News, and Citizen Free Press to provide the news the powers that be don’t want me to know.

    Tyler Durden
    Mon, 09/11/2023 – 21:00

  • NATO Prepares For Biggest Military Exercise Since Cold War, And Close To Russia
    NATO Prepares For Biggest Military Exercise Since Cold War, And Close To Russia

    The upcoming Steadfast Defender NATO war drills, set for early 2024, are expected to be the biggest military exercises in Europe since the end of the Cold War, the Financial Times is reporting Monday.

    At a moment the war in Ukraine grows more and more unpredictable, given neither Russia nor the West have shown any signs of backing down, the FT writes thatNato is preparing its biggest live joint command exercise since the cold war next year, assembling more than 40,000 troops to practice how the alliance would attempt to repel Russian aggression against one of its members.”

    Image source: NATO

    Like with the ongoing, smaller ‘Northern Coasts’ war games currently being executed by NATO in Baltic waters, the Steadfast Defender 24 drills will simulate how the military alliance would respond in the face of a hypothetical Russian invasion. 

    NATO officials were quoted in FT as saying the planned exercises are seen as a key part of “demonstrating to Moscow that the alliance is prepared to fight.”

    Steadfast Defender is slated to run in February and March, and is likely to be seen as a provocation by Moscow given it will take place in various locales across Germany, Poland, and the Baltic states – the latter which border Russia. According to more from the FT report detailing the upcoming giant war game:

    “It will start in spring next year and is expected to involve between 500 and 700 air combat missions, more than 50 ships, and about 41,000 troops, Nato officials said.”

    “It is designed to model potential maneuvers against an enemy modelled on a coalition led by Russia, named Occasus for the purposes of the drill.”

    Crucially, the Baltic Sea coastline – where NATO has increasingly flexed its military might with more and more exercises – is very important to Russia as its strategic Kaliningrad exclave sits on it, sandwiched between two NATO members, Poland and Lithuania. Last year’s Defender drills had been the largest up to that point, and they continue to get expanded year-by-year.

    A July Politico report explained that “NATO has steadily increased its control of the Baltic Sea — a crucial maritime gateway for the Russian fleet which has bases near St. Petersburg and in the heavily militarized Kaliningrad exclave.”

    https://platform.twitter.com/widgets.js

    The publication also noted that “During the Cold War, only Denmark and Germany at the far western edge of the Baltic were in the alliance. Poland joining NATO in 1999 and the three Baltic republics in 2004 put most of the sea’s southern shore under alliance control.”

    Russia has meanwhile at times “answered” these games by staging large drills in the Black Sea. But dangerously at this moment the western Black Sea region is in a state of war, given Russian warships are launching missiles against Ukraine from there.

    Tyler Durden
    Mon, 09/11/2023 – 20:40

  • Novak Djokovic For Director Of The World Health Organization
    Novak Djokovic For Director Of The World Health Organization

    Authored by Roger Simon via The Epoch Times,

    Myriad posters on X, formerly Twitter, late on Sept. 10 noted (36-year-old!) Novak Djokovic’s 24th Grand Slam championship.

    Extending his own men’s record – Margaret Court won as many when tennis was as Tiddlywinks to today’s game – was accomplished in front of signs for Moderna Inc., the maker of COVID-19 shots and a main advertiser for this year’s U.S. Open.

    Yet, as the world well knows, the greatest tennis player of all time – and arguably among the greatest athletes ever – forswore the COVID-19 vaccinations on offer, even though it meant that he would be banned from numerous tournaments, every one of which he would have been seeded No. 1.

    He also was banned from the United States and Australia altogether.

    Think of what his statistics would be had this not been so. They’re already unbelievable.

    Instead of taking the shots, he followed his own rigorous health regime of diet and exercise that few of us could emulate. I know I couldn’t.

    The results, however, speak for themselves, including, shortly, an unheard-of 400 weeks at world No. 1.

    Djoker, as he is called, also is an intelligent fellow who speaks several languages.

    So, I have a not-so-modest proposal. Why not make Novak the director-general of the World Health Organization?

    He would certainly do a better job than the objectively pro-Chinese communist incumbent who drags behind him all kinds of COVID-19-related misjudgments and misrepresentations.

    Instead of diktats from the top, we would have an actual example of physical excellence to mirror and inspire us.

    What would be better for humanity on average: to be a race of people who are gluten-free, pescatarian, and exercise daily, or a race that takes COVID booster shots annually or semi-annually on the advice of some totalitarian statists who claim medical expertise?

    I would bet my proverbial house on the former. In a landslide.

    Yes, Mr. Djokovic has had his moments when he has been too lax, such as when he did some partying with his fellow tennis players, and several contracted COVID-19.

    But undoubtedly, he has learned from the experience, just as he has an uncanny ability to learn from his opponents on the court and defeat them.

    You may think this is a silly recommendation, but in reality, it’s not.

    The appointing of a Novak Djokovic to a role such as that would have great symbolic significance, reminding us that the ultimate control over our bodies is most often our own.

    We can be masters of our physical fates, at least for a while, through our behaviors.

    Our mental fates are intimately tied to that.

    But, yes, I readily admit that isn’t going to happen. Mr. Djokovic isn’t about to retire as a tennis player. He seems to have more Grand Slam championships in him.

    How many exactly, only God knows.

    Tyler Durden
    Mon, 09/11/2023 – 20:20

  • Watch: Germany's Baerbock Humiliated In Dressing Down By Ukraine Foreign Minister
    Watch: Germany’s Baerbock Humiliated In Dressing Down By Ukraine Foreign Minister

    German Foreign Minister Annalena Baerbock was utterly humiliated by her Ukrainian counterpart Dmytro Kuleba in a joint press conference on Monday. Baerbock had traveled to war-ravaged Ukraine on her fourth visit since Russia’s invasion. She engaged the Zelensky government in high level talks, at one point announcing 20 million euros more in humanitarian aid (Berlin has now provided 380 million euros this year).

    But naturally the Ukrainian side pressed her on supplying more advanced weapons, in particular the Swedish-German produced long-range Taurus cruise missile. That’s when Kubela lashed out at Germany’s top diplomat in a deeply embarrassing moment for Berlin…

    https://platform.twitter.com/widgets.js

    Things took a turn at the joint presser when a journalist asked about the difficulties of the counteroffensive along the southern front, and posed whether Kubela thinks Kiev’s Western backers should supply weapons like the Taurus “quicker and faster”….

    Kubela then explained he had pressed the German delegation for Taurus deliveries as soon as possible, but that Baerbock left him no “hope” in these meetings. He then in a smug and patronizing tone looked toward her and said:

    “No, she didn’t go beyond the official position of the German government… but you’ll do it anyway, it’s just a matter of time.”

    “You will do it anyway, its just a matter of time, and I don’t understand why we are wasting time,” Kuleba said in response to a question at a press conference.

    Kubula then described that more and more Ukrainian lives have been lost due to Western delays in weapons approval and deliveries. The suggestion was that it’s Berlin’s fault (and that of other slow to play along allies).

    Online commentators were quick to point out how “embarrassing” and “pathetic” the moment was for the German side. Others pointed out the “arrogance” on display by Kubela, given also she made the lengthy, dangerous trip into Kiev to announce new humanitarian aid. Such “gifts” weren’t enough.

    One regional commentator had this to say in response to the clip: “So here we have a US protectorate (Germany) being publicly mocked by a US proxy (Ukraine). One of the pitfalls of military alignment — the interests of the alliance as defined by the alliance leader is always supreme.”

    The UK and other Kiev backers have previously charged (typically behind closed doors) that Zelensky is generally being ‘ungrateful’…

    Perhaps the Ukrainian side didn’t like that Baerbock had pointed to deeply rooted corruption among the country’s leadership. Reuters had cited that she earlier in the meetings said “Ukraine’s place was in the European Union” but then “urged it do more to fight corruption” if it hopes to be let in.

    Increasingly, both the Biden administration as well as staunch supporters like Poland have vented occasional frustration at Zelensky and his officials being “ungrateful”.  

    Tyler Durden
    Mon, 09/11/2023 – 20:00

  • School Rehires Transgender Female Coach After He Used Girls' Locker Room & Bathroom
    School Rehires Transgender Female Coach After He Used Girls’ Locker Room & Bathroom

    Via The College Fix,

    Board members of the Gettysburg Area School District in Pennsylvania recently voted to rehire a transgender female tennis coach despite reports he had used a girls’ locker room and bathroom in the past year.

    According to PennLive.com, the school board rehired Sasha Yates on September 5 by a 6-2 vote after deadlocking 3-3 on the issue a few weeks earlier.

    The report notes board members provided “scant” details about Yates’ coaching contract, but denied it was due to his gender preference.

    It also mentions – briefly – that a year ago Yates had received a memo from Gettysburg High School Principal Jeremy Lusk “outlining concerns” and noting it is “imperative to maintain professional boundaries.”

    These concerns included Yates (pictured above) changing in and “walking through” the girls’ locker room, and “talk[ing] to students about undergarment preferences and menstruation.”

    A more detailed report in The Epoch Times from late August notes that Yates, formerly known as “David,” had been coaching at Gettysburg since 2018. He switched to “Sasha” last year, and after being terminated in the spring reapplied in July.

    The board’s initial 3-3 vote had maintained Yates’ termination; this was overturned last week.

    Why was Yates let go in the first place?

    The Times notes that in the fall of 2022 Yates changed his clothes in the girls’ locker room — “stripping down to bra and panties” — where the (girls) soccer team also was changing.

    Members of the team had reported “it was clear from what they saw that Mr. Yates was still fully a man.”

    The following spring, Yates used a girls’ bathroom in which a member of the softball team was present. Yates reportedly “tried to strike up a conversation” with the 16-year-old female athlete, leading the girl to text her coach “[T]his damn tennis coach just walked into the girls bathroom … Like, [expletive] You’re a [expletive] man.”

    The girl’s father brought the matter to the attention of school officials, whereupon he was informed Yates “would not be rehired for another season of coaching.”

    He thus considered the matter closed.

    That is, until Yates’ name popped back up on a list of school coaches this summer.

    “Now, everybody in this area seems to be crying that it is hate—that nobody wants this guy back because he’s transgender and it’s hate,” the father said.

    “This has absolutely nothing to do with hate on my part. I don’t care what the guy wants to call himself. My job as a parent is to protect my child. And he had no business going into that bathroom, and his actions proved that he cannot be trusted.”

    Why was Yates brought back?

    The Times notes that following the bathroom incident, a solicitor convinced board members not to fire Yates immediately as they could end up being sued.

    The solicitor then warned about a possible lawsuit if the board did not rehire Yates after he (re)applied.

    PennLive reports while there were more people who spoke against Yates at the latest board meeting, “the majority of the comments were still squarely in the coach’s corner.”

    PennLive editorial essentially ignores the locker room and bathroom incidents, opting instead (in conditional language) to call for Pennsylvania lawmakers “to protect LGBTQ+ people”:

    The state legislature should move immediately to provide clear protections for LGBTQ+ people in Pennsylvania and ensure what many fear is happening in Gettysburg doesn’t happen again.

    No one should face discrimination because of their sexual orientation. No one should face obstacles to securing housing or access to services because they are gay, lesbian, or transgender. No one should be denied a job or face being fired because of their sexual orientation.

    But supporters of Coach Yates believe that is the reason she hasn’t gotten her contract renewed to continue teaching tennis.

    PennLive also quotes a student on the boys tennis team who said “there’s no validity to the disgusting claims […] about [Yates]” and that he “cannot stand here and refuse to acknowledge that blatant transphobia is the main motivation behind this commotion.”

    The student also claimed a cisgender coach who had used the locker room would not have faced similar scrutiny.

    But the softball player’s father reiterated that Yates’ initial termination wasn’t “because of what he calls himself” – it was “because of his actions and the fact that he can’t follow directions.”

    Tyler Durden
    Mon, 09/11/2023 – 19:40

  • 'We Would Have Done Everything Differently': Gavin Newsom Takes Mulligan On Botched Pandemic Response
    ‘We Would Have Done Everything Differently’: Gavin Newsom Takes Mulligan On Botched Pandemic Response

    California Governor Gavin Newsom (D), who’s definitely not running for President in 2024 (until he does), is now on a damage control tour to rewrite history over his draconian pandemic mandates, which made California the “single worst state in every way” when it came to lockdowns, according to state Rep. Kevin Kiley (R).

    “I think we would’ve done everything differently,” Newsom told NBC‘s “Meet the Press” in a pre-taped interview which aired Sunday. “I think all of us in terms of our collective wisdom, we’ve evolved. We didn’t know what we didn’t know. We’re experts in hindsight. We’re all geniuses now.

    Even host Chuck Todd pressed Newsom on his lockdown strategy, saying “You found a way to allow the motion picture industry and the movie industry to get back to work during COVID, but you didn’t allow people to grieve together at funerals or at churches.”

    California state Rep. Kevin Kiley (R) called Newsom out in a Sunday post on X, writing; 

    Newsom is now admitting he botched California’s COVID response. But this is not, as he claims, a matter of “hindsight” being 20/20. We fought back against his disastrous decisions at the time because they so clearly ran afoul of science, common sense, and the basic precepts of a free society.

    Newsom now says “we didn’t know what we didn’t know.” But all 49 other Governors knew better. California was the single worst state in every way: the most onerous school shutdowns, business shutdowns, and church shutdowns; the most draconian mask mandates, vaccine mandates, and vaccine passports; the most complete collapse of checks and balances, personal liberties, and self-government.

    Despite all of this – despite the incalculable damage he did to our young people, our businesses, and our democratic institutions in the name of “public health” – California wound up with an excess mortality rate exceeding the national average, even though we had the benefit of a relatively young population.

    At every turn, Newsom prioritized getting himself in the headlines and rewarding Special Interests over the health and well-being of Californians. It was the most consequential political failure in modern American history – and the most disgraceful.

    Others echoed Kiley’s sentiment: 

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Mon, 09/11/2023 – 19:20

  • Victor Davis Hanson: The Frightened Left
    Victor Davis Hanson: The Frightened Left

    Authored by Victor Davis Hanson via American Greatness,

    An impeachment inquiry looms and the shrieks of outrage are beginning.

    The Left is now suddenly voicing warnings that those who recently undermined the system could be targeted by their own legacies.

    So, for example, now we read why impeachment is suddenly a dangerous gambit.

    True, the Founders did not envision impeaching a first-term president the moment he lost his House majority. Nor did they imagine impeaching a president twice. And they certainly did not anticipate trying an ex-president in the Senate as a private citizen.

    In modern times, the nation has not rushed to impeach a president without a special counsel investigation to determine whether the chief executive was guilty of “Treason, Bribery, or other high Crimes and Misdemeanors.”

    But thanks to the Democrats, recent impeachments now have destroyed all those guardrails. After all, Trump was impeached the first time on the fumes of an exhaustive but fruitless 22-month, $40 million special counsel investigation—one designed to find him guilty of Russian “collusion” and thus to be removed from office but found no actionable offenses at all.

    Instead, dejected Democrats moved immediately for a second try. In September 2019 a few weeks after Trump had announced his 2020 reelection bid, the Democratic House began to impeach the president on the new grounds that he had talked to the President Zelensky of Ukraine and said he might delay offensive arms shipments—unless the Ukrainians could demonstrate that they had ended corruption and, in particular, were no longer influenced by the Biden family quid pro quo shakedowns.

    Trump was proven right: the Biden family is not just corrupt, but, in particular, Joe Biden as head of the family and Vice President had intervened in the internal politics of an aid recipient, by threatening not to delay but rather to cancel outright all U.S. aid to Ukraine—unless it fired Viktor Shokin, a Ukrainian prosecutor.

    Shokin was then looking into the misadventures of Biden’s son Hunter, and why the Vice President’s imbecilic son was receiving lucrative compensation on the boards of a Ukrainian energy company Burisma, yet without any demonstrable expertise or education in matters of energy policy.

    Since Trump was impeached, we now know that Joe Biden did lie that he had no connection with or even knowledge of his son’s business. And we know that the fired prosecutor believed the Bidens were recipients of bribes. We know that contrary to Biden’s assertions, he was not following State Department policy.

    In contrast, the U.S. had, in fact, lauded Shokin’s efforts to repress corruption. In sum, Biden was undermining the stated policy of the U.S. government to protect his son’s—and his own—efforts to leverage money from Kyiv by monetizing the influence of his own Vice Presidency. In some sense, Biden was guilty of the very “treason” charge—altering U.S. foreign policy for personal benefit—by which Rep. Adam Schiff had earlier falsely accused Trump.

    Given that reality, it is easy to argue that the House impeached Donald Trump in 2019 for crimes that he did not commit, but which the current president Joe Biden most certainly had during his Vice Presidency.

    But weaponizing impeachment is just one baleful legacy of the Left.

    There are plenty more of their own precedents that Leftists now would not wish to have applied to themselves:

    • Will the next president have the FBI pay social media censors to suppress the dissemination of any news it feels is unhelpful to the reelection of a Republican president?

    • Is it OK now for the next Vice President to invite his son onto Air Force Two to cement multimillion dollars deals that benefit both, with Chinese, Russian, and Ukrainian oligarchs who enjoy government ties?

    • Should a conservative billionaire stealthily insert $419 million late in the 2024 campaign to absorb the work of registrars in key voting precincts?

    • If a Democratic president wins the 2024 election should conservative groups riot at the Capitol on Inauguration Day? Should a conservative celebrity yell out to the assembled crowd of protestors that she dreams of blowing up the White House? And if a Republican wins, should he prosecute any Democratic rioters who once again swarm Washington on Inauguration Day and charge them with “insurrection,” meting out long prisons sentences to the convicted?

    • Is Joe Biden now vulnerable to being impeached for systematic family corruption, or using the Department of Justice to obstruct the prosecution of his son in his last days in office, and then being tried in the Senate as a private citizen?

    • If the Republicans gain the Senate, will they move to end the filibuster in agreement with Democratic assertions that it is “racist” and a “Jim Crow relic”?

    • If the midwestern Electoral College “Blue Wall” seems to reappear, or if Georgia, Arizona, and Nevada recreate new blue walls, will there be a conservative effort to end the constitutionally mandated Electoral College?

    • If in 2024 there is a narrow Democratic win in the Electoral College, should conservative celebrities conspire to run ads urging the electors to reject their constitutional duties and not vote in accordance with their state’s popular vote that went Democratic? Should a Republican third-party candidate sue to stop a state’s selection of its electors on grounds the voting machines were rigged?

    • If Supreme Court decisions begin to appear to favor the left, will Republicans talk of packing the court, or have the DOJ turn a blind eye when mobs began to swarm the homes of liberal justices? Should the conservative media go after liberal judges with serial accusations of corruption? Should the Republican Senate leader assemble a mob of pro-life protestors at the doors of the court and call out Justices Sotomayor or Jackson by name, with threats that they will soon reap the whirlwind they have sowed, given they have no idea of what is about to “hit” them? Should conservative legal scholars urge the country to ignore Supreme Court decisions deemed liberal?

    • Will local prosecutors in red jurisdictions begin filing criminal charges against leading Democratic candidates on various charges, among them accusations of old inflated real estate assessments, campaign finance laws, questioning ballot results, or taking classified documents home? If Joe Biden or Hillary Clinton were to run in 2024, will their past illicit behavior gain the attention of a city or state attorney in Utah, West Virginia, or Wyoming?

    • If Joe Biden continues to decline at his present rate, will Republicans demand he be given the Montreal Cognitive Assessment? Will they subpoena Ivy League psychiatrists to testify that an intervention is needed to remove him from office? And will an FBI director and a deputy Attorney General plan to wear wires, and record Biden in his private moments of senility, as a way of convincing the cabinet or Congress that he is demonstrably mentally unfit for office?

    • In the 2024 election, should the Republican nominee hire a foreign ex-spy to compile falsehoods about the Democratic opponent and then seed them among the media, and Department of Justice? Should the FBI hire such a Republican contractor and likewise use him to gather dirt on the Democratic nominee?

    • If there appears incriminating evidence concerning a Republican nominee, should the FBI retrieve such evidence, keep it under wraps, lie about its veracity, and instead go along with media and ex-intelligence officers assertions that it is a fraudulent production of Russian intelligence?

    • Will conservative CIA and FBI directors, and the Director of National Intelligence be given exemptions from prosecutions for systematically lying while under oath in Congress or to federal investigators?

    • Will conservative celebrities ritually on social media, without fear of censorship, brag about ways of decapitating, shooting, stabbing, burning, or blowing up the Democratic nominee?

    • Since in many states the statues of limitations have not yet expired for arson, murder, assault, looting, and attacks on 1,500 police officers during the summer 2020 riots, will state prosecutors now begin identifying those 14,000 once arrested and mostly released, and begin refiling charges of conspiracy, racketeering—and “insurrection”?

    • Will they also file insurrection charges against those who torched a federal courthouse, a police precinct, and a historic Washington DC church, or conspired to riot and swarm the White House grounds in an effort to attack the President of the United States?

    • Will they file charges against Vice President Kamala Harris for “inciting” ongoing violent demonstrations with monotonous, emphatic, and repetitive threats in the weeks before her nomination? Contrary to liberal “fact checkers” at time of nationwide violence, Harris certainly did not distinguish violent from non-violent protests, but in fact implied that they were intimately tied to the upcoming election and beyond. So given the hundreds of police officers injured, the hundreds of millions in property damage, and the dozens killed, what exactly did Harris mean by tying that ongoing summer of often violent protests to Election Day?:

    “But they’re not gonna stop. They’re not gonna stop, and this is a movement, I’m telling you. They’re not gonna stop, and everyone beware, because they’re not gonna stop. They’re not gonna stop before Election Day in November, and they’re not gonna stop after Election Day. Everyone should take note of that, on both levels, that they’re not going to let up — and they should not. And we should not.”

    Was the above more or less inflammatory than Trump’s January 6 remarks for which in part he is under indictment:

    “We fight like hell. And if you don’t fight like hell, you’re not going to have a country anymore…I know that everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard”?

    In sum, the Democratic leadership along with the media long ago deemed that Donald Trump posed such an existential threat to democracy that they were entitled to destroy democratic norms to destroy him.

    Their actions were predicated on three assumptions: one, they had that right because they were more sophisticated, morally superior, and smarter than the rest of America and thus deserved the exemption to blow up customs and norms to achieve the “correct” ends; two, whatever damage they did to long-standing protocols of equal justice under the law paled in comparison to the damage that Trump supposedly would or did do; and three, their conservative opposition either lacked the wherewithal, the brains, or the audacity to emulate such behavior and thus there was no worry anyone would dare do to them what they did to others.

    And now? For the first time, given recent polls, the Left is scared that a Republican House and perhaps soon a Republican Senate and White House might follow its own precedents, and use new leftwing guidelines to enact conservative agendas.

    Tyler Durden
    Mon, 09/11/2023 – 19:00

  • CJ Hopkins & The (Continued) Criminalization Of Dissent
    CJ Hopkins & The (Continued) Criminalization Of Dissent

    Authored by CJ Hopkins via The Consent Factory,

    So, the Berlin State Prosecutor has launched another criminal investigation of me.

    Apparently, I’m being charged with reporting on the original investigation of me that the Berlin State Prosecutor launched in June.

    What happened is, the prosecutor visited my blog and read a column I published in July, The Criminalization of Dissent (Revisited), which included screenshots of the alleged “hate-crime” Tweets that the original criminal investigation is based on, and that resulted in the Order of Punishment that the Berlin District Court handed down two weeks ago. So, the prosecutor opened a new criminal investigation and sent my attorney an official notice explaining the gravity of the additional charges.

    The charges are of the utmost gravity. I am officially accused of “relativizing” or “minimizing” the crimes of the Nazis … by republishing the two Tweets that I originally tweeted.

    Here, once again, are the Tweets …

    Yes, that’s right, I just published them again. I am going to explain why I published them again.

    I’m not going to explain the Tweets again. I have explained them in several previous columns. I have explained them to Matt Taibbi of Racket NewsMax Blumenthal of The GrayzoneJames Freeman, Patrick HenningsenElena Louisa LangeDirk Pohlmann, and Christine Black at Brownstone Institute (forgive me if I’m forgetting anyone). I explained them to Stefan Millius of Weltwoche, and to another journalist at a big Swiss newspaper. My attorney has explained them, in German, to the prosecutor, and to German audiences on KontrafunkRT published a piece explaining them. I believe they have been exhaustively explained.

    Not that they ever really needed explanation. You would have to be a certified moron to believe they “minimized,” or “relativized,” or in any way made light of the crimes of the Nazis. You and I are not certified morons. Neither is the Berlin State Prosecutor. Neither is the District Court of Berlin. Not to put too fine a point on it, the charges are horseshit, and everyone involved knows it. They are a blatant pretext to crackdown on dissent.

    OK, now let me explain why I just published the Tweets again, knowing full well that the Berlin State Prosecutor is probably going to read this column, become extremely agitated, and charge me with additional “hate crimes.”

    No, I am not a glutton for punishment. I’m not at all enjoying my introduction to the so-called “German legal system.”

    It is taking up my time.

    It is making me angry.

    It is upsetting my wife, which I do not appreciate.

    It is costing me a lot of money.

    It has forced me to ask other people for money, which is something I do not like to do.

    It’s screwing with my sleep.

    It is distracting me from my work.

    And so on. Which is exactly the point.

    The goal of horseshit prosecutions like mine (and those of many other dissidents currently) is (a) to punish us for speaking out against “New Normal” totalitarianism by making our lives as miserable as possible, (b) to make examples of us to discourage others from speaking out, and (c) to intimidate us into shutting the fuck up.

    Totalitarians, fascists, and other power freaks are essentially just glorified schoolyard bullies. They may cloak themselves in the mantle of the law, but their modus operandi is brute force. Beneath all the bullshit, their message is simple: “either do what we say, or we will hurt you.”

    OK, prepare yourself, because I’m going to give you some advice. I do not generally like to do that, but, in this case, I’m going to make an exception.

    Never, ever, give in to a bully.

    The second you do, that bully owns you.

    What the bully wants, more than whatever he is demanding, more than anything else in the world, is your fear. The bully interprets your fear as respect, because the bully doesn’t understand respect. The bully craves your fear, and your obedience, because they reify the bully’s “authority.” They enable the bully to feel powerful and important. The bully needs to feel “powerful” and “important” because the bully feels weak and unimportant, and afraid. All fascists are essentially cowards. They are cowards, and nihilists, who hate themselves, and fear themselves, and hate and fear life, which is why they are so obsessed with controlling everything.

    The point is, never give in to a bully. Never reify a bully’s “authority.” If you do, you will find yourself sucked into the bully’s sadistic, nihilistic “reality.” You will be playing by the bully’s rules. And that is all “reality” actually is, a set of rules we agree to play by, or, in this case, do not agree to play by.

    So, getting back to my criminal case, and the Berlin State Prosecutor’s latest attempt to bully me into shutting up and demonstrating my “respect” for the “authority” and “power” of the Berlin State Prosecutor, fuck that. I do not respond well to threats. I do not take orders from totalitarians and fascists, or any other type of authoritarians or bullies. So that is why I have republished those Tweets, and why I will continue to republish those Tweets every time the German authorities threaten me with additional criminal charges for refusing to obey their “authority.”

    Again, I am under no illusions. I expect the prosecutor to file new charges and issue further threats, which I will defy, which will lead to additional charges, and so on. I am not looking forward to that, but I don’t have any other choice, not if I want to be able to respect myself.

    If you have any doubts about whether that will happen (i.e., an endless cycle of new bullshit criminal charges stemming from my repeated refusal to respond to the German authorities’ bullying), well, let me tell you about another dissident the German authorities are currently persecuting. I’ll do it quickly, and then I’ll let you go.

    As many of my readers are aware, I am presently holed up in an undisclosed location in the Italian countryside.

    Michael Ballweg, the founder and lead organizer of the “Querdenken” movement, was also here for a while. Michael, who is an excellent cook, whipped up some delicious “extremist” dinners, after which we all sat around “denying Covid,” “conspiracy theorizing,” brainwashing each other with “Russian propaganda,” and “delegitimizing the state,” and so on. Late at night, when the other “extremists” were sleeping, Michael and I discussed our criminal cases.

    Michael’s case is a bit more serious than mine. Michael just spent nine months in jail. The German authorities have seized his assets, and frozen all his funds, so he is homeless, and bankrupt, and they are prosecuting him for attempted fraud, money laundering, and tax evasion, or, in other words, for launching a protest movement. If you’re not familiar with Michael and Querdenken, you can read the official propaganda disseminated by the usual “mainstream” media or the Intelligence officers who edit Wikipedia, or … here’s Spiked article to start you off. Then, go ahead, do your own research.

    The most absurd aspect of Michael’s case is the German authorities’ “theory of his crimes.” According to this theory, Michael’s devious scheme was to commit serious fraud by … well, basically, launching a nationwide protest movement that was certain to get a ton of media attention and incur the wrath of the German authorities. As any criminal mastermind will confirm, the best way to commit major fraud is to absolutely infuriate the government by organizing a series of massive protests, and generate tons of media attention, because you definitely want as much publicity as possible while you are defrauding your unsuspecting supporters of their voluntary donations to your cause.

    Seriously, this is their “theory of the crime,” which would make Michael Ballweg the most idiotic and incompetent fraudster in the history of fraud.

    I could go on about his case, and mine, or those of the numerous other dissidents that are currently being made examples of, and about the broader GloboCap crackdown on dissent, which is happening, not just in New Normal Germany, but all throughout the New Normal Reich, but I need to end here and go water some plants. I am serving as “caretaker” of this thoughtcriminal sanctuary, and I take my responsibilities seriously.

    I’ll keep you (and the Berlin State Prosecutor) posted on my further “hate crimes.” In the meantime, best wishes from somewhere in Italy!

    Tyler Durden
    Mon, 09/11/2023 – 18:20

  • IPO Renaissance Not So Clear: ARM 5x Oversubscribed, InstaCart Big Down-Round
    IPO Renaissance Not So Clear: ARM 5x Oversubscribed, InstaCart Big Down-Round

    Amid concerns of mounting economic headwinds and market volatility, there is renewed optimism that the 18-month slowdown in the initial public offering market, which collapsed equity underwriting revenues, could be due for a rebound. 

    On deck this week is the IPO for UK-based chip designer Arm Holdings Plc, which is more than five times oversubscribed. Financials Times spoke with people familiar with the IPO that said the company would raise about $4.9 billion with shares priced at the high end of $47 to $51 per share. The deal is expected to close as early as Tuesday. 

    Strong demand for the chip designer that SoftBank Group Corp owns could be what is needed to break the ice on the frozen US IPO market. A group of top tech companies have indicated interest in “purchasing up to an aggregate of $735 million of the ADSs offered” in ARM’s offering, including Apple, Nvidia, Google, AMD, and Taiwan Semiconductor. 

    However, Arm could be an outlier.

    Also on Monday, Instacart, one of the largest online grocery delivery firms, submitted an updated filing for its upcoming IPO, indicating a money raise of $616 million, with a value of $9.3 billion — or about 25% less than its private valuation two years ago.

    Following a surge in growth stocks that pushed US equity benchmarks to near-record highs, investors have been drinking the Wall Street ‘AI Kool-Aid’ with hopes of a robust stock market recovery. 

    “As we sit here in late August, looking towards the fall, IPO volumes are actually up 140% this year,” RBC Capital Markets’ John Kolz wrote in a recent note. 

    Kolz continued, “Follow-on issuance is up 43%. Converts are up 140%. But those numbers are off an extremely depressed base. The NASDAQ is up 27%, but there’s been virtually no tech IPOs. Deal volumes have been decent, but performance thus far has been fair at best. There’s real-time momentum in the markets right now, but what does that mean for rest of the year, and for IPOs specifically?”

    RBC’s Mike Ventura reaffirmed Kolz’s view: “If you think of the year-over-year comparisons you’ve listed, most of that deal volume came from a well-defined window in May and June, ahead of corporate blackouts. The market data has investors feeling good. The knock-on effect of the very strong follow-on performance has already led to a few green shoots in the IPO market.”

    While the headline of an oversubscribed Arm IPO brings relief for investors, there is still an unsettled macroeconomic environment where risks of a hard landing (read: Goldman questioning the soft landing narrative) mount despite investors latching onto the ‘Goldilocks’ view. 

    Moving beyond the AI bubble, which even JPMorgan’s top tech trader Ron Adler warned might have just popped, we shared a note Monday morning that shows a collapse in Bloomberg’s Smart Money Flow Indicator.

    There are rumblings under the surface… 

    Whether it’s the prospect for ‘higher for longer’ interest rates, another rate hike, or a scare in consumer spending, the market could be just one narrative away from de-risking, suggesting the IPO market recovery might be too premature and possibly a 2024 story.

    Tyler Durden
    Mon, 09/11/2023 – 18:00

  • 22 Years Later: America's Journey From Impenetrable Fortress To A Power In Decline
    22 Years Later: America’s Journey From Impenetrable Fortress To A Power In Decline

    Authored by Jordan Schachtel via ‘The Dossier’ Substack,

    America was an impenetrable fortress.

    That’s at least what the news and the believably competent people in charge said at the time.

    We just assumed that nobody would ever mess with us.

    Until one day, the Twin Towers came crashing down.

    On the morning of September 11, 2001, our country was widely understood as the lone hyper power that whooped that bad guy Saddam not so long ago. We also had just bombed the brakes off of Yugoslavia, but that was necessary to keep peace and such. When it came to military prowess, we were the NBA All Stars, and everyone else’s defense capabilities added up to a high school basketball team. At least that’s what we were told. China was not yet on the radar. America was the uncontested hegemon. And we were nice enough to maintain global order as the World Police, too!

    Before September 11, it was just assumed that the government would keep us safe from any foreign threats. One could just imagine how all of those ultra intelligent, wise and moral bureaucrats from those three letter agencies would have all of these super secret Star Wars-like tech measures in place to protect us from the barbarians beyond our shores.

    Looking back on it now, September 11, 2001 was the first day of my life that broadly challenged my preconceived notion that the government was our partner in preserving our freedoms and our constitutional system of order.

    What the heck? Why didn’t our ultra competent Pentagon defense systems protect us and shoot down the bad guys before they could hit us? Hmm, must’ve been a catastrophic error or something…

    But instead of allowing for an internal investigation into the developing paradoxes being introduced into the Millennial mind, the current regime quickly distracted the citizenry with the likes of Al Qaeda, Afghanistan, the Taliban, and co.

    I was in middle school across the river in New Jersey, and still remember that day like it was yesterday, when we were abruptly pulled out of class and sent home. Some of those kids’ parents worked in the original World Trade Center. For some classmates who lost a loved one, it would mark the last time I ever saw them. I hope they’re doing well now. Everyone knew someone, or several someones, who never made it back from work that day.

    In the New York City metro area, it was a time of disbelief, sadness, unity, and rage.

    Everyone remembers the unity. Many have to be reminded of the rage.

    There was an overwhelming sense that we needed to get even, and as soon as humanly possible.

    The likes of Ron Paul and other non-interventionist forces were shouted down as treasonous.

    It was time to get even, even if we didn’t really understand who or what our enemy comprised.

    The American war machine weaponized this rage, this indignant mission, into a multi decade boondoggle in dozens of nations.

    At the time of the 9/11 attacks, foreign policy was more of an intellectual exercise for the dorks in D.C.

    Very few Americans knew anything about the Muslim world, let alone Afghanistan (and later Iraq, Syria, Libya, etc).

    The people who claimed they knew stuff didn’t really know anything either. We were the easiest of marks.

    As the wars continued, George W. Bush reminded the nation that we had to “fight them over there so we do not have to face them in the United States of America.”

    But wait, how did they get here in the first place?

    There was no time for those kind of “insensitive” questions, even years after the 9/11 tragedy. It was always time to get the bad Al Qaeda guys, harbored by their Taliban sponsors. The mission was ever expansive, and it didn’t seem to matter. Anyone who wasn’t on board with the War On Terror agenda was on the side of the terrorists, we were told.

    Trillions in spending and thousands of lost American lives later, our country is no more secure than it was on 9/10/2001. Moreover, our sacred liberties have been trampled upon, and the country once understood as an impenetrable fortress is a power in decline.

    Tyler Durden
    Mon, 09/11/2023 – 17:40

Digest powered by RSS Digest

Today’s News 11th September 2023

  • Enhancing Post-9/11 Safety: Armed Pilots
    Enhancing Post-9/11 Safety: Armed Pilots

    Submitted by Gun Owners of America,

    September 11th, 2001, was a turning point in American history, and for many people across the country, a day that forever changed their lives. Americans lost loved ones in the initial attacks, and many brave first responders gave their lives, saving those from the rubble during the aftermath.

    But 9/11 served as a wake-up call as well. In the wake of the attacks, the Transportation Security Administration was created, and steps were taken to harden security at airports and inside commercial aircraft.

    But 22 years later, the TSA is little more than “security theatre.” The agency has come under frequent criticism from journalistspoliticians, and even previous heads of the agency itself.

    The criticism didn’t appear out of thin air either, as undercover probes of TSA by the Department of Homeland Security revealed that in 2015, screeners did not find 95% of weapons, drugs, and explosives being smuggled through airport security. In 2017, it was again reported that TSA continues to fail above 80% of its tests.

    While we certainly hope that this number continues to improve, TSA only provides its numbers of firearms found at checkpoints. These “catches” usually happen when gun owners forget their firearms in their carry-on bags.

    Additionally, a House Oversight Committee report found that TSA wasted hundreds of millions of taxpayer dollars on equipment that spends most of its “useful life” in storage. During the investigation for the report, TSA tried to hide its misuse of taxpayer funds by providing “inaccurate, incomplete, and potentially misleading information to Congress in order to conceal the agency’s continued mismanagement of warehouse operations.”

    While the TSA continues to provide “security theatre,” Gun Owners of America has ensured that real security measures can be taken by pilots.

    In 2002, Gun Owners of America worked closely with US Senators and Representatives to pass into law the Arming Pilots Against Terrorism Act.

    The law’s passage was an uphill battle that took over a year. From the very beginning, getting guns into airline cockpits was a struggle. The President at the time, George Bush, was only lukewarm to the idea, and the Federal Aviation Administration was flat out opposed to it. Plus ALPA, the largest airline pilots association, was initially against the idea as well. 

    But thanks to the grassroots support of Gun Owners of America members and pilots nationwide, the bill gained momentum and made its way to the resolute desk.  

    After the law was passed, initial estimates said that upwards of 30,000 pilots were expected to apply to carry their firearms in the air. In 2008, it was reported that one in 10 pilots carry a firearm in the cockpit. We can only imagine that the number has continued to increase over time.

    To this day, pilot carry remains an instrumental part of airline security. It provides pilots with a means of stopping terrorism and defending their aircraft should it come under attack. 

    So, this year, as we remember 9/11 and those we lost—GOA will continue to fight for the right to keep and bear arms and do whatever part we can to ensure tragedies like 9/11 never happen again. 

    *   *  *  

    We’ll hold the line for you in Washington. We are No Compromise. Join the Fight Now.

    Tyler Durden
    Sun, 09/10/2023 – 23:30

  • Childcare Now Costs $1,031 More Than Public College Tuition, On Average, In The United States
    Childcare Now Costs $1,031 More Than Public College Tuition, On Average, In The United States

    The next time someone asks whether or not you think Joe Biden’s “Inflation Reduction Act” is working, you can share with them a new research report showing that childcare is becoming more expensive than in-state college tuition in 28 out of 50 states.

    In fact, on average in the United States, childcare now costs $1,031 more than public college tuition, according to a new report from NetCredit.

    The report “researched the average annual fees paid for public and private college tuition and the average cost of childcare in each U.S. state” and then “calculated the difference in yearly fees paid for childcare and in-state college tuition”. 

    As part of their methodology, NetCredit then “compared these costs to local average salaries to find the affordability of childcare and in-state college tuition in every state.”

    Among other findings in their research was that in Hawaii, annual childcare costs $15,995 more than a year of in-state public college tuition and that childcare is most affordable in Utah, where annual costs are equal to 7.87% of the average annual salary.

    The report found that coastal states were the ones where childcare was most expensive and “much of the Midwest and eastern U.S. is priced in favor of childcare”.

    “Vermont and Pennsylvania are more affordable for childcare since they have the most expensive public college fees in our study,” the report noted. 

    Those receiving in-state tuition in Vermont spend 24.22% of their annual wage paying for it, the study found:

    The average salary in both Vermont and Pennsylvania is around $55,450, putting these states among the top 20 for average wages in the U.S. But public college costs are so high in these states as to make investing in a college education significantly less affordable than elsewhere. “About 6% of UVM’s budget is from the state, but in many states it’s 25-40%,” explains Richard Cate, vice president of finance at the University of Vermont. “Being a small rural state, we don’t have big business to help fuel tax revenue,” says Marie Johnson, director of student financial services.

    Here is a glance at the highest annual childcare costs in the U.S., and their difference between in-state college tuition:

    The study’s full results can be found in the above table, which you can toggle at this link.

    Tyler Durden
    Sun, 09/10/2023 – 23:00

  • Violent Criminals Continue To Pose as Migrant Children To Enter US; Congress Must Act Now
    Violent Criminals Continue To Pose as Migrant Children To Enter US; Congress Must Act Now

    Authored by R.J. Hauman and Lora Ries via The Epoch Times (emphasis ours),

    Despite all the “victory laps” Biden administration officials have taken as they brag that their unlawful policies and processing programs have reduced illegal immigration, recent border data shows the opposite.

    Immigration and Customs Enforcement (ICE) agents apprehend an illegal alien with a criminal record in an early morning raid at home, in Los Angeles, Calif., on Sept. 8, 2022. (Irfan Khan, Los Angeles Times/Getty Images)

    On top of that, there is an undeniable link between the increase in illegal entrants being welcomed into the country and an increase in violent crime, which is posing a significant threat to public safety.

    This is a matter that must be addressed when Congress returns in September, and its resolution is so critical that Congress must tie it to the negotiations for funding the federal government for the new fiscal year that starts Oct. 1.

    In July, as temperatures soared into the triple digits, Border Patrol agents apprehended more than 132,652 illegal aliens between the ports at the southwest border—a 33 percent increase over June, when 99,539 illegal aliens were apprehended at the U.S.-Mexico line.

    The lower total in June was clearly an artificial reduction due to the abuse of the parole system, a tool this administration uses to quickly bring in as many inadmissible aliens without visas through the actual ports of entry (not around them) as possible.

    Not all of these illegal aliens are the same, but certain groups present more challenges to an overwhelmed Border Patrol and are able to easily enter the United States—notably adults entering illegally with children as a “family unit” and minors who enter without a parent or guardian, also known as unaccompanied alien children.

    On top of increases in both single adult and family unit apprehensions, unaccompanied children at the southwest border increased by nearly 50 percent in July compared to June.

    The same Biden administration officials who have repeatedly begged Central Americans not to send their children on the treacherous journey to the United States at the hands of smugglers and traffickers have done absolutely nothing to slow their entries. Instead, their policies and methods of resettlement are encouraging more.

    The fact that unaccompanied children are regularly raped and exploited on their journey to the United States is a heartbreaking reality. And sadly, their lives do not improve once they enter the country, where they are then turned over to questionable, if not dangerous, “sponsors.” Many are also forced to work in unsafe conditions that violate child labor laws, go missing, or are sex trafficked.

    Furthermore, teenage members of MS-13 and other violent Central American gangs continue to take advantage of current U.S. policy and the easiest, most vulnerable migrant flow and enter the United States as unaccompanied children.

    More than 70 percent of unaccompanied children are teens, aged 15 to 17, according to the Department of Health and Human Services, with some adults even posing as minors.

    Too many Americans and migrants themselves have needlessly died at the hands of vicious gang members who were welcomed into the country and then released into our communities. Yet another tragic instance of this took place mere weeks ago, with the media refusing to explore the reality of the situation.

    Juan Carlos Garcia-Rodriguez, a 17-year-old native of Guatemala, illegally crossed into the United States and self-surrendered in El Paso, Texas, in January. He was quickly turned over to HHS custody as an unaccompanied child and released to a sponsor in Louisiana. On Aug. 19, he was arrested as a suspect in a brutal murder of an 11-year-old migrant girl in Pasadena, Texas.

    At the time of his arrest, his address was not in Louisiana with the sponsor but an apartment complex in Texas where the little girl was found after having been sexually assaulted, strangled, put into a trash bag, and hidden under her bed while her father was at work.

    The media continue to leave out the immigration details in their coverage of this brutal crime that should have been prevented in a concerted effort to cover for the Biden administration and keep the historic flow of unaccompanied alien children going and viewed in a positive light.

    U.S. Customs and Border Protection statistics show a consistent and alarming increase of convicted criminal aliens that it encounters. As such, this horrific crime by Garcia-Rodriguez is just one of the thousands of murders, rapes, and other violent crimes that occur each year at the hands of illegal aliens in the U.S.

    What is even more outrageous is the fact that Democrat politicians in the region and here in Washington continue to ignore such crimes.

    The same folks who claim that everything they do related to border security is humanitarian in nature have shown more outrage over inflatable water barriers that Texas erected than the murder of an 11-year-old girl by a now-18-year-old man allowed into the country by their policies.

    Enough is enough.

    Republicans on Capitol Hill will soon be at a crossroads when it comes to addressing the Biden Border Crisis and funding the federal government.

    It is essential that House Republicans unite behind a reasonable demand to include their already passed border security measure as part of any spending agreement that is passed to avert a government shutdown in late September.

    The bill, the Secure the Border Act (HR 2), fulfilled promises made to the American people on delivering solutions to a self-inflicted crisis that harms not just cities and states along the border but every city and state around the country.

    The bill’s intentions and contents are clear: It would end the crisis and restore sanity, safety, and security at our borders. A key component that helps do that is closing longstanding loopholes in the processing of unaccompanied alien children.

    It is vital that this bill is a part of any agreement for the continuation of funding for the federal government.

    If the federal government cannot perform the basic task of keeping our border secure and preventing instances like the murder of an innocent 11-year-old girl from happening, it should not be funded.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Sun, 09/10/2023 – 22:30

  • Reparations Backlash: California Voters Oppose "Unfair" Cash Payments For Slavery According To Berkeley Poll
    Reparations Backlash: California Voters Oppose “Unfair” Cash Payments For Slavery According To Berkeley Poll

    The sprawling social experiment known as California faces an uphill battle on reparations, after a new poll from UC Berkeley and the LA Times reveals that voters overwhelmingly oppose the idea of cash payments for black descendants of slaves by a 2-to-1 margin.

    The poll found that 59% of voters oppose cash payments vs. 28% who support the idea. Four out of 10 voters “strongly” opposed the idea.

    Interestingly, just 19% of those opposed cited cost as an issue. The majority simply says it’s unfair to today’s taxpayers and wrong to single out one group for reparations.

    In the Berkeley poll, when voters who oppose reparations were asked why, the two main reasons cited most often were that “it’s unfair to ask today’s taxpayers to pay for wrongs committed in the past,” picked by 60% of voters, and “it’s not fair to single out one group for reparations when other racial and religious groups have been wronged in the past,” chosen by 53%.

    Only 19% said their reason was that the proposal would cost the state too much, suggesting that money alone is not the main objection.

    Among Democrats, 43% favored and 41% opposed cash reparations. Republicans were strongly against the proposal at 90% with only 5% in favor. Independents were 65% opposed and 22% in favor.

    Black California voters were more likely to support cash payments than any other demographic, with 76% in favor and 16% opposed, the survey found. Almost two-thirds of white voters were opposed as were 6 in 10 Latino and Asian voters. -LA Times

    “It has a steep uphill climb, at least from the public’s point of view,” said poll director Mark DiCamillo, who was obviously disappointed at the results. “The idea of cash reparations is really what’s being strongly opposed,” he continued, adding “There could be other solutions that could be much more warmly received.”

    The sobering reality could put Gov. Gavin Newsom and his fellow Democrats in a tight spot, after state leaders have vocally endorsed the idea of reparations – going so far as to create California’s Reparations Task Force in 2020. The objective was to create a model for national reparations. But as the poll reveals, they are sailing against strong winds.

    The task force has indeed been hard at work. They propose payments to all descendants based on a plethora of criteria, ranging from health disparities to housing discrimination. But there’s more: The group also suggests ending the death penalty, restoring voting rights to all incarcerated individuals, and implementing rent caps in historically redlined areas.

    Members of the reparations task force previously said convincing non-Black Californians that the harms from slavery are still persisting today could be one of the biggest challenges for proponents.

    Much of the task force’s work centered on hearing testimony from academics, economists and other experts to gather evidence of the effects of slavery and to prove the ways in which government-sanctioned policies discriminated against Black people long after slavery was abolished. -LA Times

    When asked about his stance on reparations in the spring, Newsom said reparations are more than just cash payments.

    “It doesn’t have to be in the frame of writing a check; reparations comes in many different forms. But one cannot deny these historical facts, and I really believe very strongly we have to come to grips with what’s happened,” Newsom told Fox News host Sean Hannity.

    When asked whether the state is ‘doing enough’ to ensure that black residents have a fair chance to succeed, 29% said the California is doing too little, 22% said the state is doing too much, and 26% said it’s just enough. Nearly 1/4, or 23%, had no opinion.

    Tyler Durden
    Sun, 09/10/2023 – 22:00

  • Estimates Of China's Youth Unemployment Hit 50%
    Estimates Of China’s Youth Unemployment Hit 50%

    By Eric Peters, CIO of One River Asset Management

    “The younger generation must inherit and carry forward the spirit of self-reliance, and hard work, abandon arrogance, and engrave the passion of youth in the water just like our parents did, on the monument of history,” declared Xi, some time ago.

    Youth unemployment across China continued its rise this summer. The official number approached 21% before Beijing halted its publication.

    Unofficial estimates stretched to nearly 50% when one counts the “lying flat”, a term adopted by youth who are choosing to quit the rat race altogether. In previous decades, agitated youth took to the streets. New forms of hyper-surveillance make such rebellion far harder. Instead, the young simply opt out.

    “The facts of countless successful lives show that in youth, if you choose to endure hardship, you will also choose to gain, and if you choose to contribute, you will also choose to be noble,” said Xi.

    Parents across the world nodded in violent agreement, because of course, nothing could be truer.

    “In youth, experiencing more beatings, setbacks, and tests, will help you walk a successful life,” said Xi, a cold terror slowly rising in the leader for life. The national savings rate rose further still, his subjects preparing for harder times.

    China’s fertility rate collapsed to a stunning new low of 1.09 per woman (from 1.30 in 2020). This symptom of profound pessimism, if not reversed dramatically, will lead to economic and then civilizational collapse.

    “In the later years of my life, I always reminded myself that hardship is an opportunity. I must persist in learning more and working more and go to difficult places to train myself,” said Xi, searching for a solution to a problem far more challenging than trade wars, chip dependencies, ghost cities, insolvent banks, stranded infrastructure built for a globalized world that is fading, not to mention his nation’s food, energy and water insecurity.

    All such problems are solvable provided a nation has a growing population of ambitious, optimistic, hardworking youth. But how to lift a nation whose young consider their current circumstances, assess their future, and quietly lie flat?

    Tyler Durden
    Sun, 09/10/2023 – 21:30

  • Southwest Airlines Finds Bogus Parts On 737 Jet
    Southwest Airlines Finds Bogus Parts On 737 Jet

    Weeks after European aviation authorities flagged a London-based firm for supplying “unapproved parts” for jet engines on older Airbus SE A320s and Boeing Co. 737s, Southwest Airlines has confirmed to Bloomberg that one of these parts ended up on a 737. 

    Southwest told Bloomberg in an emailed statement that bogus low-pressure turbine blades from AOG Technics were found on one of its Boeing 737 NG. The part was immediately replaced, the airline said. 

    The part scandal spread across the Atlantic after the European Union Aviation Safety Agency said earlier this month, “Numerous Authorised Release Certificates for parts supplied via AOG Technics have been forged.” 

    AOG sold bogus parts for CFM56 engines, the world’s best-selling turbine, to repair shops servicing Airbus SE A320s and Boeing Co. 737s. Some of these older jets are used by budget airlines. 

    According to Bloomberg, CFM International, the GE-Safran manufacturing venture of the engine, “found 78 documents they say are falsified and which cover 52 CFM56 engine part numbers, along with two faked records for CF6 components.” 

    AOG began operations in 2015 in the UK and has supplied an unknown amount of CFM56 parts with fake certification to the global parts market. CFM and GE noted that no engine issue incidents have been traced back to AOG’s parts. 

    It may be time to ask other US airline carriers if they also used bogus AOG parts in their engines… 

    Tyler Durden
    Sun, 09/10/2023 – 21:00

  • Who's Better At Generating Innovative Ideas, ChatGPT Or MBA Students?
    Who’s Better At Generating Innovative Ideas, ChatGPT Or MBA Students?

    By Mish Shedlock of MishTalk

    Wharton professors say Ideas Are Dimes a Dozen and they put that theory to a test. But how does one determine a good idea? And what does better mean?

    Wharton notes the difference between consistency and better. For example, an airplane pilot who lands aircraft with average smoothness 10 times out of 10 is better than one who is brilliant 9 times out of 10 and crashes once.

    With ideas, one fantastic idea and 10 poor ones is better than 10 average ones. With that backdrop let’s dive into the article.

    Abstract: ChatGPT-4 can generate ideas much faster and cheaper than students, and the ideas are on average of higher quality (as measured by purchase-intent surveys) and exhibit higher variance in quality. More important, the vast majority of the best ideas in the pooled sample are generated by ChatGPT and not by the students. Providing ChatGPT with a few examples of highly rated ideas further increases its performance. We discuss the implications of these findings for the management of innovation.

    Introduction: Generative artificial intelligence has made remarkable advances in creating life-like images and coherent, fluent text. OpenAI’s ChatGPT chatbot, based on the GPT series of large language models (LLM) can equal or surpass human performance in academic examinations and tests for professional certifications (OpenAI, 2023).

    Despite their remarkable performance, LLMs sometimes produce text that is semantically or syntactically plausible but is, in fact, factually incorrect or nonsensical (i.e., hallucinations). The models are optimized to generate the most statistically likely sequences of words with an injection of randomness. They are not designed to exercise any judgment on the veracity or feasibility of the output.

    In what applications can we leverage artificial intelligence that is brilliant in many ways yet cannot be trusted to produce reliably accurate results? One possibility is to turn their weaknesses – hallucinations and inconsistent quality – into a strength (Terwiesch, 2023).

    ChatGPT can generate ides far faster than humans. This gives them a huge edge in coming up with a few great ideas. For this study the professors gave ChatGPT and the students the same prompt.

    I believe I would get a big zero in coming up with a truly innovative product idea.

    Could you do this? How fast?

    System Prompt “You are a creative entrepreneur looking to generate new product ideas. The product will target college students in the United States. It should be a physical good, not a service or software. I’d like a product that could be sold at a retail price of less than about USD 50. The ideas are just ideas. The product need not yet exist, nor may it necessarily be clearly feasible. Number all ideas and give them a name. The name and idea are separated by a colon.”

    User Prompt “Please generate ten ideas as ten separate paragraphs. The idea should be expressed as a paragraph of 40-80 words.”

    Do LLMs Enhance Productivity in Generating Ideas?

    The answer to this question is straightforward. ChatGPT-4 is very efficient at generating ideas. This question does not require much precision to answer. Two hundred ideas can be generated by one human interacting with ChatGPT-4 in about 15 minutes. A human working alone can generate about five ideas in 15 minutes (Girotra et al., 2010). Humans working in groups do even worse. In short, the productivity race between humans and ChatGPT is not even close.

    Still, the old saying that ideas are a dime a dozen is perhaps a tad optimistic. A professional working with ChatGPT-4 can generate ideas at a rate of about 800 ideas per hour. At a cost of USD 500 per hour of human effort, a figure representing an estimate of the fully loaded cost of a skilled professional, ideas are generated at a cost of about USD 0.63 each, or USD 7.50 (75 dimes) per dozen. At the time we used ChatGPT-4, the API fee for 800 ideas was about USD 20. For that same USD 500 per hour, a human working alone, without assistance from an LLM, only generates 20 ideas at a cost of roughly USD 25 each, hardly a dime a dozen. For the focused idea generation task itself, a human using ChatGPT-4 is thus about 40 times more productive than a human working alone.

    What Is The Quality Distribution of the Ideas Generated Using LLMs?

    A “stochastic parrot” can generate ideas, and LLMs do so shockingly productively. But we don’t care about quantity alone. More typically, the objective of idea generation is to generate at least a few truly exceptionally good ideas. In most innovation settings, we’d rather have 10 great ideas and 90 terrible ideas than 100 ideas of average quality.

    We, therefore, care about the quality distribution of the ideas, and in particular, the quality of the best few ideas in a sample. Of course, we might as well also measure the mean and standard deviation of the three sets of ideas, and we do so. Two useful measures of the extreme values are: What is the average quality of the ideas in the top decile of each of the three samples? Which sources provided the ideas comprising the top 10 percent of the ideas in the pooled sample?

    Chat-GPT generated the best-rated idea in our sample, with an 11% higher purchase probability than the best human idea. The average quality of the top decile in each of the three pools also follows the same pattern as average quality— seeded Chat-GPT ≻ ChatGPT ≻ Humans. Overall, we have 400 ideas, with an equal number generated by ChatGPT and humans. In the top 40 ideas (top decile) a full 35 (87.5%) are those generated by ChatGPT.

    ChatGPT vs the Screen Actors Guild

    The Screen Actors Guild (SAG) joined the Writers Guild (WGA) in coordinated strikes. The writers demand protection from Artificial Intelligence. Articles abound.

    Hoot of the Day from the World Socialist Organization

    The World Socialist Website reports US film and television writers’ and actors’ anger reaching the boiling point

    The struggle by 11,000 film and television writers, members of the Writers Guild of America (WGA), is now in its fifth month, while 65,000 actors in the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) are nearing the end of their second month on the picket lines.

    The militant determination of the writers and actors to fight for decent living standards and a more meaningful future for art and culture have been met with intransigence and outright cruelty by the entertainment mega-corporations united in the Alliance of Motion Picture and Television Producers (AMPTP). The companies have made clear their willingness to drive thousands of artists into misery and out of the arts and entertainment industry.

    Similarly, with all its phony rhetoric about “solidarity,” SAG-AFTRA has prevented video game workers from joining the strike of their fellow union members and only this week began a strike authorization vote. Moreover, the use of “interim agreements,” allowing hundreds of productions to go ahead, has created a surreal situation of internal scabbing that weakens or negates the purpose of strike action.

    Outright cruelty!?

    I discussed this on July 24, asking If the Screen Actors and Writers Strikes Went on Forever, Who Would Care?

    The strike started on July 14. Did you notice? Care? I don’t watch TV so I am not a good judge.

    In a podcast, Maher expressed some sympathy for the writers.

    “I feel for my writers. I love my writers. I’m one of my writers. But there’s a big other side to it. And a lot of people are being hurt besides them — a lot of people who don’t make as much money as them in this bipartisan world we have where you’re just in one camp or the other, there’s no in between.

    You’re either for the strike like they’re f—ing Che Guevara out there, you know, like, this is Cesar Chavez’s lettuce picking strike — or you’re with Trump. There’s no difference — there’s only two camps. And it’s much more complicated than that.”

    But I side with Bill Maher who says writers are not “owed” a living and that the strike demands can be excessive and unrealistic.

    The strike demands of the United Auto Workers are also excessive and unrealistic.

    United Auto Workers (UAW) Demands

    • 32-hour workweek
    • 46 percent pay raise over 4 years
    • Right to strike over plant closures
    • Increased retiree benefits
    • Defined pension plan for all workers
    • Cost of living adjustments

    Bernie Sanders Comments and an Accurate Rebuttal

    The irony in the UAW case is Biden is recklessly pursuing an avenue faster than infrastructure allows and that will cost UAW jobs, but increase them elsewhere, in a highly inflationary manner. Note that Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already “What, me worry?” Some on Twitter predict, even cheer for my demise to AI writers for my stance against the UAW. Like Bill Maher. I’m not worried. Unlike Bill Maher, I am so small no one would even want to bother to try to replace me. When I started this article, I had no idea it would morph into the Screen Actors Guild or the UAW. On a day to day basis, I have no idea what I am going to write about. Could AI have produced this article better? Even if so, would it bother? In retrospect, I am terrible at producing ideas for products, but pretty good at commenting on the global economic news. If I am replaced by AI, so be it. No one is owed a living. Not the Screen Actors Guild, not the UAW, and not me.

    UAW Gearing Up for a Strike, It Could be Long and Nasty

    On August 29, I commented UAW Gearing Up for a Strike, It Could be Long and Nasty

    Bloomberg estimates the UAW demands would add $80 billion to costs.

    If the Big Three automakers gave into UAW demand, they would all go bankrupt in short order.

    The fact is, EVs are easier to produce. That means fewer workers. But the workers want protection from losing their jobs. The SAG wants protection from ChatGPT.

    It’s really the same story. Change happens. It’s disruptive.

    Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already

    The irony in the UAW case is Biden is recklessly pursuing an avenue faster than infrastructure allows and that will cost UAW jobs, but increase them elsewhere, in a highly inflationary manner.

    Note that Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already

    “What, me worry?”

    Some on Twitter predict, even cheer for my demise to AI writers for my stance against the UAW.

    Like Bill Maher. I’m not worried. Unlike Bill Maher, I am so small no one would even want to bother to try to replace me.

    When I started this article, I had no idea it would morph into the Screen Actors Guild or the UAW. On a day to day basis, I have no idea what I am going to write about. Could AI have produced this article better? Even if so, would it bother?

    In retrospect, I am terrible at producing ideas for products, but pretty good at commenting on the global economic news.

    If I am replaced by AI, so be it. No one is owed a living. Not the Screen Actors Guild, not the UAW, and not me.

    Tyler Durden
    Sun, 09/10/2023 – 20:30

  • 'Derailing Goldilocks' – Goldman Questions The 'Soft Landing' Narrative
    ‘Derailing Goldilocks’ – Goldman Questions The ‘Soft Landing’ Narrative

    Equities sold off last week and rotated out of cyclicals and low quality assets as an uncomfortable combination of rallying rates & commodities prices derails the goldilocks soft landing scenario, triggering a readjustment of the market optimism.

    The smell of stagflation – not goldilocks – was everywhere with ‘inflation expectations’ too hot

    Source: Bloomberg

    …and growth expectations (‘hard’ data) too cold

    Source: Bloomberg

    As Goldman notes, rallying rates and commodities are derailing the goldilocks soft landing scenario.

    Cyclicals and long duration assets have been rallying jointly over the summer on the narrative of strong growth but limited headwinds from rising rates.

    This is no longer the case and cracks are appearing, sending rate-change expectations hawkishly higher…

    Source: Bloomberg

    The uncomfortable combination of rallying oil and US long end breaking up is disrupting this equilibrium and triggering a rotation into the “persisting inflation & sticky rates” narrative, adding pressure on equities and valuations.

    Cyclicals continue to trade rich relative to PMIs & fading China momentum across regions, but are beginning to close this dislocation as highlighted mid-August.

    Additionally, growth seems less durable in Europe, with underwhelming manufacturing production, making it all the most remarkable to see EU Cyclicals holding up as banks got unwound.

    And finally, the credit risk component is seeing limited focus, although as highlighted by Rich Privorotsky in his daily note: according to the Fed, 37% of non-financial corporates are in distress in what should be a positive growth backdrop.

    Given the dramatic tightening in lending standards, one has to wonder at credit spreads optimism…

    Goldman warns, there’s room for disappointment as goldilocks hope fades:

    Sentiment has cooled down a bit from July extreme greed but still remains optimistic on overall, leaving room for disappointment.

    The VIX fell below 14, IG credit spreads are at the tightest of the year, the AAII bull bear index has bounced back to greed territory, the GS risk appetite index remains range bound c. 0.6 Z-Score – all consistent with investors just back to school and yet to adjust to the evolving macro backdrop.

    Notably, our cross asset team noted that market correlation to macro growth surprise turned negative, suggesting rates are now high enough and that additional increases are seen as punitive from here .

    US non-profitable tech underperformance is consistent with this dynamic…

    The problem for Goldilocks believers is Energy.

    Oil and Gas supply restrictions triggered sharp moves in the commodity space.

    Oil is on the move and too hot to handle, breaking key resistances and now at the highest levels since Nov 22. This seems incompatible with 5y5y breakeven down…

    and suggesting room for upside inflation surprise, and therefore higher rates and PE compression.

    Supply/demand dynamics catalyzed this move, with SPR starting to re-build, Saudi cutting production, and Australia strike pushing gas prices higher.

    Besides, it is interesting to note growing concerns on the implications of rising energy prices ahead of the winter season among investors.

    On the technical side, systematic flow is turning positive on the short term – however, CTA positioning in US equities remains very long c. 82nd 12m%ile, pointing at limited room for incremental demand from this investor base.

    September seasonality dynamics tend to benefit consensual longs & Momentum

    …while Most Shorteds tend to underperform looking at data back since 2008.

    China uncertainty remains a key factor for investors and Pro Subs can read the full note here…

    Tyler Durden
    Sun, 09/10/2023 – 20:00

  • Influencing Innovation: The Most Talked About Jackson Hole Paper
    Influencing Innovation: The Most Talked About Jackson Hole Paper

    By Jean-Laurent Cadorel of Exante Data

    • Monetary policy matters in the short-run through its impact on asset prices, demand, and activity;

    • Yet in the long run the economy is assumed to gravitate towards some “natural” rate of activity independent of such monetary actions;

    • A growing number of researchers are asking, however, whether monetary policy can have hysteresis effects and impact the natural rate through innovation activity.

    THIS YEAR’S Jackson Hole gathering was themed “structural shifts in the global economy.” Policymaker speeches garnered the most attention, of course. But there were also the usual academic contributions. And of these perhaps the most talked about was Monetary Policy and Innovation by Yueran Ma of the University of Chicago and Kaspar Zimmermann of the Leibniz Institute for Financial Research.

    Ma and Zimmerman argue monetary policy can have hysteresis effects on the economy through the financing of innovation; lower innovation can lead to lower growth and less desirable macroeconomic outcomes. The authors show this empirically using monetary shocks constructed à la Christina Romer and David Romer and a variety of measures of innovation in the United States. They find statistically significant and economically large effects using local projections.

    This result matters because it changes central bank calculus. For example, Taylor Rules implicitly assume the natural rate of interest is independent of the rate of interest set by the central bank—the natural rate being that “ground out” by frictionless markets, per Milton Friedman’s analogue in unemployment. And it is assumed the central bank anchors the money rate of interest to the natural rate of interest (per Woodford). So if economists now show monetary policy impacts the natural rate, Taylor Rules may need some rethinking: how can we target a natural rate of interest using a money rate if the latter impacts the former?

    Motivation

    Over the second half of the last century, macroeconomics has come to a compromise between the extreme (Keynesian) view than monetary policy is ineffective (in a liquidity trap) and monetary policy is all that matters (the extreme monetarist view). Today, it is generally understood that monetary policy has short-run effects but is neutral in the long run—Patinkin’s classical dichotomy prevails.

    Discussions about monetary policy have therefore focused on its short-run impact while natural forces are expected to do their work on the supply side of the economy.

    The paper by Ma and Zimmerman is part of a small but growing body of work interested in possible longer-term consequences of monetary policy which may operate through innovation and technological progress. They adopt a New Keynesian perspective with endogenous total factor productivity (TFP). Monetary policy influences firms’ incentives to develop and implement innovations.

    For example, following monetary policy contractions, reductions in aggregate demand can decrease profitability and incentives for innovation. Tighter financial conditions and lower risk appetite can decrease funding for innovation. A slower pace of innovation may then have lasting effects.

    This paper tests the effects of monetary policy on innovation activities, using a variety of metrics of innovation: aggregate investment in intellectual property (including R&D) from national accounts, the R&D spending of public companies, and measures based on VC investment and patent filing.

    Results

    The authors observe meaningful changes in innovation activity in the years following monetary policy shocks. First, investment in intellectual property products (IPP) in the national accounts (NIPA) declines by about 1 percent. The magnitude is comparable to the decline in traditional investment in physical assets. R&D spending in Compustat data for public firms declines by about 3 percent.

    Second, VC investment is more volatile, and declines by as much as 25 percent at a horizon of 1 to 3 years after the monetary policy shock. Third, patenting in important technologies measured by Bloom et al. (2023) declines by up to 9 percent 2 to 4 years after the shock. Patenting in other technologies declines by less than patenting in important technologies according to the importance classification in Bloom et al. (2023).

    An aggregate innovation index constructed by Kogan et al. (2017) using estimates of the economic value of patents also declines by up to 9 percent. Based on this paper’s output and total factor productivity (TFP) sensitivity to the aggregate innovation index, a 9 percent decline in the index can contribute to 1 percent lower real output and 0.5 percent lower TFP 5 years later.

    Mechanism

    For the transmission mechanism from monetary policy to innovation activities, Ma and Zimmerman find indications that both demand and financial conditions are relevant.

    First, by decreasing demand, monetary policy tightening can reduce the profitability of developing new products and the incentives to innovate (Shleifer, 1986; Fatas, 2000; Comin and Gertler, 2006; Benigno and Fornaro, 2018). In the data, they observe a stronger decline in both R&D and patenting in more cyclical industries. They also observe that patenting declines after monetary policy tightening among both public and private companies, and among both large and small public companies. To the extent that large public firms have abundant financial resources, the slowdown of innovation activities among these firms is likely driven by reduced demand.

    Second, monetary policy tightening can affect financial conditions and reduce the appetite for risk-taking (Bauer, Bernanke, and Milstein, 2023; Kashyap and Stein, 2023). In the data, they observe that VC investment for both early-stage and late-stage startups declines after monetary policy tightening. To the extent that early-stage startups are still in the product development phase and may not have products coming to the market immediately, reduced funding could reflect less appetite for investing in risky endeavors.

    Conclusion

    The Ma and Zimmerman contribution is an important empirical counterpart to recent papers exploring the possible longer-term consequences of monetary policy, which may operate through the influence of monetary policy on innovation and technological progress (Stadler, 1990; Moran and Queralto, 2018; Modery et al., 2021; Grimm, Laeven, and Popov, 2022; Amador, 2022; Fornaro and Wolf, 2023; Jordà, Singh, and Taylor, 2023).

    The authors document the response of innovation to monetary policy using a collection of measures.

    The results suggest that monetary policy could have a persistent influence on the productive capacity of the economy, in addition to the well-recognized near-term effects on economic outcomes. Rising interest rates since 2022 and a substantial decline in venture capital investment highlight how relevant these issues are. Recent breakthroughs in AI raise the hope that another technological revolution could be on the horizon.

    What does this mean for policy? The authors argue their contribution does not imply monetary policy should be more dovish. A number of economic observers have highlighted the misallocation of capital (excessive housing construction) or the emergence of asset bubbles (in debt markets, housing, and cryptocurrencies) due to the low level of interest rates.

    Striking the right balance between these two sides requires evidence and the authors contribute a persuasive set of results to the debate. But as they also point out. it is possible that the effects of monetary policy on innovation cancel out over the complete cycle. So, for now, the policy conclusions are not clear.

    Tyler Durden
    Sun, 09/10/2023 – 19:30

  • Senators Unveil Bipartisan Blueprint For Comprehensive AI Regulation
    Senators Unveil Bipartisan Blueprint For Comprehensive AI Regulation

    Authored by Amaka Nwaokocha via Cointelegraph.com,

    Two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sept. 8, as Congress intensifies its endeavors to regulate the emerging technology.

    The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal actions.

    In a statement on X (formerly Twitter), Blumenthal expressed that this bipartisan framework represents a significant step forward — a robust and comprehensive legislative plan for concrete and enforceable AI safeguards. It is expected to be a guide in managing the potential benefits and risks of AI technology.

    Hawley emphasized that the principles outlined in this framework should serve as the foundational basis for Congress to take action regarding AI regulation.

    We’ll continue hearings with industry leaders and experts, as well as other conversations and fact-finding to build a coalition of support for legislation.

    The framework proposes creating a licensing system overseen by an independent regulatory body. It mandates that AI model developers register with this oversight entity, which would possess the authority to conduct audits of these licensing applicants.

    Image of the AI framework. Source: X

    Additionally, the framework suggests that Congress should make it explicit that Section 230 of the Communications Decency Act, which provides legal protections to tech firms for third-party content, does not extend to AI applications. Other sections of the framework advocate for corporate transparency, consumer and child protection, as well as national security safeguards.

    Blumenthal and Hawley, who lead the Senate Judiciary Subcommittee on Privacy, Technology and Law, have also revealed plans for a hearing. This hearing will include testimony from prominent figures such as Brad Smith, the vice chairman and president of Microsoft; William Dally, the chief scientist and senior vice president of research at NVIDIA; and Woodrow Hartzog, professor at Boston University School of Law.

    The unveiling of this framework and the accompanying hearing announcement precedes Senate Majority Leader Chuck Schumer’s AI forum. The forum is set to feature leaders from major AI firms who will provide lawmakers with insights into the potential advantages and risks associated with AI.

    Schumer also introduced an AI framework in June. His framework outlined an extensive range of fundamental principles, as opposed to the more detailed measures proposed by Hawley and Blumenthal.

    Tyler Durden
    Sun, 09/10/2023 – 18:30

  • Are Emergency Powers A Test To See What Americans Will Put Up With?
    Are Emergency Powers A Test To See What Americans Will Put Up With?

    During the hysteria of the covid pandemic questions swirled around how the federal government would respond to the events under the declaration of a national health emergency.  What kind of powers would they claim to have and which constitutional rights would they try to suppress?  What many Americans did not consider, however, was the implementation of emergency powers under state governments rather than the White House.

    Most of the covid mandates crushing the US economy during that period were not federal mandates, but state mandates, and there’s a good reason why covid tyrants chose to focus on state level restrcitions.

    There are a number of requirements and obstacles for any president seeking to enforce mandates at the federal level, along with more scrutiny and oversight than is commonly understood.  Though a president can declare emergencies unilaterally, there are still some legal checks and balances (to be sure, these are quietly being eroded with each passing year). 

    On the other hand, state governors in 44 states have sweeping authorities under emergency conditions, with very little immediate legal recourse.  As we have seen recently in places like Hawaii and now New Mexico, Democrat governors have been playing with fire (no pun intended) as they seek to push the envelope of emergency controls at the state level.

    In Hawaii, the exploitation of state emergency provisions under Governor Josh Green led to possibly thousands of deaths as they refused to release water supplies for fire fighting and even blockaded Maui residents, forcing them back into the blaze.  They have even put an information blackout in place and denied news organizations access to the scene of the disaster.  One has to ask – Was this done out of stupidity?  Or was this a test to see what kinds of trespasses and controls citizens would accept?

    In New Mexico we see a similar extreme overstep by Governor Michelle Grisham, who believes she has the authority to dictate the 2nd Amendment rights of  Albuquerque residents due to rising crime.  The level of mental gymnastics on display in her arguments to justify the banning of lawful open carry and conceal carry protections make it clear that this is not about protecting the public.  The lack of logic and reason indicates that this is an ideological decision based in zealotry.  Watch as she struggles to present any reasonable position – turning instead to deflection.

    https://platform.twitter.com/widgets.js

    The root of her argument is this:  “I am banning legal firearms carry in Albuquerque because under emergency powers I can.” 

    That’s it.  That’s all she’s got. 

    But this is not a valid argument and there are a number of reasons why.

    First, crime is rising across the nation, predominantly in Democrat controlled cities. 

    Albuquerque has a Democrat mayor and New Mexico is a Democrat run state.  If crime is rising, it is the fault of Democrats.  But instead of taking responsibility for their terrible planning and policies, Democrat leaders are once again blaming inanimate objects (guns) and using mass punishment of people who lawfully carry (primarily conservatives).  In other words, Dems are ruining the country and creating a national crime wave, and then making conservatives pay for it with their rights. 

    Second, restrictions on open carry and conceal carry are not going to reduce the crime rate because criminals don’t care about laws or emergency powers. 

    If anything, the violent crime rate will rise as criminals feel emboldened knowing that most citizens are now disarmed. 

    Third, Grisham has presented no evidence of a legitimate emergency other than “crime is bad right now.” 

    The emergency is ambiguous rather than defined.  Meaning, emergency restrictions could be renewed over and over again, unless citizens step up and do something about them.

    Fourth, the focus on open carry and conceal carry seems to be an attempt at a totalitarian tip-toe. 

    A large number of gun owners do not carry regularly so they may not feel personally affected by the rules.  Meaning, the governor has reduced the level of opposition by attacking just one aspect of gun rights.  This is usually how authoritarians institute control – They don’t remove your rights all at once, they do it a piece at a time.

    Fifth, gun carry laws are generally a legislative decision that usually requires a public vote. 

    Grisham is attempting to bypass all checks and balances as if the legislative process does not matter.

    Sixth, emergency powers are often declared unconstitutional by courts after the fact. 

    For example, the Michigan Supreme Court held that the Emergency Powers of the Governor Act (EPGA), which Governor Whitmer used to justify her draconian COVID-19 executive orders, was unconstitutional because it delegated legislative power to the executive branch in violation of the Michigan Constitution.  But these court decisions often come well after the damage has already been done.  It is up to the citizenry to defy such orders when necessary and let the courts sort out the aftermath later.

    Seventh, Grisham argues that rising crime is a “public health emergency,” using the same language relegated to the covid response. 

    Crime has nothing to do with public health and is a legal concern handled through either social programs or increased police presence.  Disarming the public is not within the purview of a health emergency – Grisham has greatly overstepped her bounds. 

    The timing and tone of the state government decision on gun carry in Albuquerque reads like a political maneuver, a test to see what the public will submit to.  Grisham admits that she expects numerous legal challenges to her decision, but she does not seem too concerned with the public reaction.  Maybe she should be?  Or, is she so certain that the New Mexico 2nd Amendment community will sit on their hands that she feels comfortable there will be no protests, no open carry marches and no public defiance to be worried about? 

    One thing is inevitable, if Grisham is unopposed in New Mexico, numerous Democrat governors and mayors across the country will try to enforce the exact same emergency powers. 

    Tyler Durden
    Sun, 09/10/2023 – 18:00

  • RFK Jr. Wants His Party Back: The American People "Are Tired Of Being Lied To By The Government & The Media"
    RFK Jr. Wants His Party Back: The American People “Are Tired Of Being Lied To By The Government & The Media”

    Authored by Jeff Louderbeck via The Epoch Times,

    On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming town hall tour of a state where Joe Biden won close to 49 percent of the vote in the 2020 Democratic primary.

    Mr. Kennedy spoke about his 2024 presidential campaign. Democrat pundits say he is a fringe candidate who spreads conspiracy theories. Polls show him with the highest favorability rating of any presidential candidate.

    There is no path for Mr. Kennedy to defeat President Biden, critics claim, despite questions about President Joe Biden’s age and mental fitness, low approval ratings, and surveys showing that Americans are concerned about the economy.

    Earlier this year, the Democratic National Committee voted to give its full support to the president.

    Mr. Kennedy agrees that unseating an incumbent president in the same party is a daunting challenge but disagrees with doubters who say he has no chance of securing the nomination.

    The 2024 presidential nominee will be announced during the Democratic National Convention in Chicago next summer. Until then, Mr. Kennedy intends to continue to press his case.

    “The DNC has around $2 billion, and they’re spending that money generously to try to marginalize me in many ways, but I think most Democrats care about one thing more than anything else, which is to beat Donald Trump,” Mr. Kennedy told The Epoch Times.

    “I think President Biden cannot do that. I can.”

    President John F. Kennedy saw his nephew, Robert F. Kennedy, Jr. at the Oval Office on March 11, 1961. (Abbie Rowe. White House Photographs. John F. Kennedy Presidential Library and Museum, Boston)

    Mr. Kennedy is the nephew of President John F. Kennedy, who was assassinated in 1963; and the son of Robert F. Kennedy, who was shot and killed after a campaign speech while running for president in 1968.

    During his town halls and meet-and-greets, Mr. Kennedy tells stories from time spent with his uncle and father and connects them to his presidential campaign.

    He wants to continue his father’s legacy of uniting Americans from all economic classes and ethnic backgrounds.

    Robert F. Kennedy Jr. (L) wants to continue his father’s (R) legacy of uniting Americans from all economic classes and ethnic backgrounds.

    “I think we do that by telling the truth to people. My dad did it that way. He talked about uncomfortable issues but talked about the truth. I think people are tired of being lied to by the government, by the media,” Mr. Kennedy said.

    “My dad ran against an incumbent president in his own party (Lyndon B. Johnson) during a divisive time. I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.”

    An environmental attorney and the founder of Children’s Health Defense, Mr. Kennedy is widely known for being outspoken about the health risks of vaccines. His stand on these and other issues has drawn support from voters who are not left-leaning.

    (Left) Then-Attorney General Robert F. Kennedy speaks to a crowd on racial equality outside the Justice Department on June 14, 1963. (Middle) Then-President John F. Kennedy speaks with his brother Robert F. Kennedy in 1963. (Right) (L–R) Brothers John, Robert, Ted Kennedy. (Public Domain)

    The candidate, however, has said that he won’t do that, reiterating that stance over the last month in town halls and meet-and-greets in South Carolina, Virginia, and New York City.

    “I’m a Democrat. This is my identity, but I want my party back,” Mr. Kennedy said.

    “I’m running for president because the Democratic Party has lost its way. I want to remind the Democratic Party of what we are supposed to represent.”

    “A focus on the middle class and labor, the well-being of minorities, a focus on the environment, civil liberties, and freedom of speech.”

    He frequently talks about “unity” and “healing the divide.”

    “I intend to bridge this toxic polarization that is really destroying our country and tearing us apart,” Mr. Kennedy said.

    He called his campaign a “peaceful insurgency” that he hopes will appeal to conservative Republicans, independents, moderates, and liberal Democrats.

    “During the 35 years I spent as one of the leaders of the environmental movement in our country, I was the only environmentalist who was regularly going on Fox News. I went on Sean Hannity repeatedly—Bill O’Reilly, too,” Mr. Kennedy said.

    “I want to talk to media members and voters who share differing opinions than mine, because how else are you going to persuade?

    A supporter of Robert F. Kennedy, Jr., awaits his 2024 presidential bid announcement in Boston on April 19, 2023. (Joseph Prezioso/AFP via Getty Images)

    “I think we have a lot more in common than what the media portrays. What keeps us apart are things that are rather trivial. We let them feed this toxic polarization. We need to talk. We need to have conversations with people from a wide range of views.”

    Days after a House hearing on censorship in July that saw Democrats attempt to block Mr. Kennedy from testifying, a Harvard-Harris poll showed that he has a higher favorability rating than any other 2024 presidential candidate.

    Mr. Kennedy saw a favorable rating of 47 percent and an unfavorable mark of 26 percent, according to a survey of 2,068 registered voters, conducted July 19–20 and released on July 23. Former President Trump carried a favorability rating of 45 percent compared with an unfavorability number of 49 percent. Florida Gov. Ron DeSantis had a 40 percent favorable rating and 37 percent unfavorable, and President Biden’s rating was 39 percent favorable and 53 percent unfavorable.

    Mr. Kennedy also had the highest net favorability of all 2024 presidential candidates in a June poll from The Economist/YouGov.

    Kennedy campaign manager Dennis Kucinich is a former Democratic congressman from Ohio who ran for president in 2004 and 2008. He believes Mr. Kennedy can “rebuild and save” the country and that there is a path to victory over Biden.

    “He is the only Democrat who can reach across the political spectrum, which means he can win in 2024,” Mr. Kucinich told The Epoch Times.

    “Conservatives, liberals, independents, and libertarians are responding to this campaign because of the unique qualities of Robert F. Kennedy Jr. and because there is an understanding he stands for unity, freedom, truth, and authenticity. That is what’s resonating with people.”

    When asked about President Biden and former President Trump, Mr. Kennedy is measured in his responses.

    “I’m not going to attack other people personally,” Mr. Kennedy said.

    “I don’t think it’s good for our country. And what I’m trying to do in this race is bring people together, is try to bridge the divide between Americans.”

    ‘Poison, Hatred, and Vitriol’

    Mr. Kennedy stands for “de-escalating” what he called “poison, hatred, and vitriol.”

    Mr. Kennedy has repeatedly expressed his disapproval of President Biden’s job performance, but he has refrained from personal attacks about the 80-year-old’s mental fitness.

    “If there’s a policy I disagree with—like the war, like censorship, the lockdowns—I’m going to criticize those, but I’m not going to attack him as a man,” Mr. Kennedy said.

    “I will say, whether he’s up to it or not, whether he’s making his own decisions—the decisions that are coming out of the White House are bad decisions.”

    President Biden is not scheduled to appear in Democrat primary debates, a decision Mr. Kennedy believes the president should reconsider.

    “I think it would be better if we have a democracy where every candidate debates,” Mr. Kennedy said.

    “I suppose he is making a strategic decision that’s based upon his own interest, but I think we’re living in a period when people have lost faith in the democratic process, and they think the system is rigged.”

    President Joe Biden and President Trump should take the debate stage as a sign of respect for American voters, Mr. Kennedy said.

    Then-President Donald Trump and then-Democratic presidential candidate Joe Biden participate in the final presidential debate at Belmont University in Nashville, Tenn., on Oct. 22, 2020. (Jim Bourg/POOL/AFP via Getty Images)

    “Americans shouldn’t feel like we live in the Soviet Union, where the party picks the candidates. I think it would be much better for our democracy, and we’d be a better example for the world and improve our credibility with the American people if we actually allowed democracy to function and all the candidates participated in debates, and town halls, and retail politics.

    “It is important for the Democratic Party that there is a primary debate. Ultimately, a Democrat will debate a Republican, and the Republican will likely be Trump. He is probably the most successful debater in this country since Lincoln Douglas,” said Mr. Kennedy, noting how President Trump defeated a crowded pool of Republican primary candidates in 2016.

    “He has his own technique that people like. It’s like going into a prize fight. You need practice, and that usually happens in the primary,” Mr. Kennedy said.

    “Asking the president to not debate in the primary is like asking a prizefighter to practice by sitting on the couch.”

    In South Carolina, Virginia, and New York City, Mr. Kennedy talked to voters about the economy and issues on which he disagrees with President Biden.

    In Charleston, he criticized the president for continued financial support to Ukraine.

    “One of the big problems we have in our federal government is the addiction to war,” Mr. Kennedy said. “President Biden went to Congress and asked for another $24 billion for the Ukraine War.

    “We’ve spent $8 trillion dollars on wars since 9/11. If we kept that money home, we would’ve had child care for every American. We would have free college education for every American. We’d be able to pay for our Social Security system.”

    He believes that he, and not President Biden, is the candidate who will best represent Democrats in 2024 and beyond.

    “I am the only choice that is going to end the war machine, that is going to really focus on rebuilding the American middle class, taming inflation,” Mr. Kennedy said.

    (Left) A man shows a Remington 700 hunting rifle and a Remington 1100 shotgun available for sale at Atlantic Outdoors gun shop in Stokesdale, N.C., on March 26, 2018. (Right) Syringes of Moderna COVID-19 vaccines at a vaccination site in Los Angeles on Feb. 16, 2021. (Brian Blanco/Getty Images, Apu Gomes/AFP via Getty Images)

    About gun control, Mr. Kennedy said, “I do not believe that, within that Second Amendment, there is anything we can meaningfully do to reduce the trade and the ownership of guns.”

    “Anybody who tells you that they’re going to reduce gun violence through gun control at this point, I don’t think is being realistic,” he said.

    “I think we have to think about other ways to reduce that violence.”

    Mr. Kennedy did note that he would sign an assault weapons ban if he were president and the legislation was placed on his desk.

    A vocal opponent of the pharmaceutical industry, Mr. Kennedy vowed at a town hall in Brooklyn on Sept. 1 that he would ban pharmaceutical advertising.

    He is outspoken about the dangers of the COVID-19 vaccine for some in the population who were coerced to take them, but he told the Epoch Times that he is not “anti-vaccine.”

    “I’ve never been anti-vaccine,” he said.

    “I’ve said that hundreds and hundreds of times, but it doesn’t matter because that is a way of silencing me. Using that pejorative to describe me is a way of silencing or marginalizing me.”

    Mr. Kennedy has said that, initially, he was not in favor of former President Trump’s border wall. But after seeing the border firsthand in Arizona in July, he changed his mind. He said there is a need for increased infrastructure and technology at the border, including more segments of a physical wall, and sensors in areas where a wall isn’t feasible.

    Until the United States can seal the border, he said he doesn’t think it is possible to get an immigration reform package through Congress.

    Illegal immigrants wait in line to be processed by the U.S. Border Patrol after crossing through a gap in the U.S.–Mexico border barrier in Yuma, Ariz., on May 21, 2022. (Mario Tama/Getty Images)

    Mr. Kennedy visited the Arizona–California border with Mexico in early June and met with illegal immigrants, Border Patrol agents, and other stakeholders.

    “The Democratic Party thinks our function should be welcoming all immigrants into the country no matter what, and to basically open the borders. And the experiment has been a disaster, a humanitarian catastrophe,” Mr. Kennedy said.

    “I watched it firsthand. I watched 300 people come across the border and then be processed and sent to locations all over the country with court dates seven years down the road.”

    “There’s now seven million people who have come across illegally and have no legal status in this country. Those people are very vulnerable now to unscrupulous employers who are paying them $5 and $6 an hour,” he said.

    Mr. Kennedy called the Biden administration’s open border policy “a way of funding a multibillion-dollar drug and human trafficking operation for the Mexican drug cartels.”

    “As president, I will secure the border, which will end the cartel’s drug trafficking economy. I will build wide doors for those who wish to enter legally so that the U.S. can continue to be a beacon to the world where diversity and culture make us great,” he said.

    “Immigration is good for our country, but this kind of immigration is unfair to everybody,” he said.

    Ending the Ukraine War

    Mr. Kennedy has called for de-escalating the war in Ukraine. He explained that he is sympathetic to the Ukrainian cause and added that Russian President Vladimir Putin invaded the country illegally, but he chastised the United States for its role in the conflict.

    “We have neglected many, many opportunities to settle this war peacefully,” he said. “We have turned that nation into a proxy war between Russia and the United States.”

    Ukrainian soldiers preparing U.S.-made MK-19 automatic grenade launcher towards at a front line near Toretsk, Ukraine, on Oct. 12, 2022. (Yasuyoshi Chiba/AFP via Getty Images)

    Mr. Kennedy has urged President Biden to negotiate a peaceful end to the Russia-Ukraine war, which started when Russia invaded the neighboring nation in February 2022.

    “Russia is not going to lose this war. Russia can’t afford it,” Mr. Kennedy said. “It would be like us losing a war to Mexico.”

    As part of his reasoning for ending the Ukraine war, Mr. Kennedy referenced his uncle, President John F. Kennedy.

    “My uncle Jack said that the primary job of an American President of the United States is to keep the country out of war. He kept out of Vietnam. He sent only 16,000 military advisers there—mainly Green Berets,” Mr. Kennedy said.

    “In October 1963, he learned that one of his Green Berets had died, and he asked his aide to give him a combat casualty list, and the aide came back and said 75 had died so far. He said: ‘That’s too many.’”

    The American Dream

    When it comes to supporting labor unions, Mr. Kennedy’s ideas are similar to President Biden’s.

    “In my administration, you can expect vigorous action by the Justice Department and the Department of Labor to enforce laws against union-busting and unfair labor practices,” Mr. Kennedy said.

    “We will also raise the minimum wage so that unions have a higher floor from which to bargain. We will negotiate trade treaties that don’t pit American workers against low-wage foreign workers in a race to the bottom.”

    At his campaign stops. Mr. Kennedy likes to talk about the flourishing economic period the nation experienced after World War II.

    “I grew up during the heyday of American economic prosperity. It was in the 1950s and 1960s that the archetype of the American Dream was born. It was not something available only to a lucky few; it was within the reach of most Americans,” he said.

    “A single wage-earner with a high school education at that time could own a home, raise a family, have vacations, and save for retirement. That is how it should be. If you work hard, you should have a decent life.”

    Mr. Kennedy said that, if elected president, he would create a 3 percent mortgage for Americans guaranteed by the government and funded by the sale of tax-free bonds. He would also work to make it less profitable for large corporations to own single-family homes in the United States.

    “If you have a rich uncle who co-signs your mortgage, you will get a lower interest rate because the bank looks at his credit rating. I’m going to give everyone a rich uncle, and his name is Uncle Sam,” Mr. Kennedy said at a recent town hall in Spartanburg, South Carolina.

    The first 500,000 of those 3 percent mortgages would be reserved for teachers, he said.

    “Both President Trump and President Biden are running on platforms that they’ve brought prosperity to this country. But when I travel around South Carolina and other states, I’m not seeing that,” Mr. Kennedy told an audience in Charleston.

    “I’m seeing people who are living at a level of desperation that I have not seen in this country—ever.”

    Corporations Killing the Dream

    Making it easier for Americans to buy single-family homes without competing against institutional investors is a priority, Mr. Kennedy said.

    A Wall Street Journal report in 2021 showed that 200 corporations were aggressively buying tens of thousands of single-family houses, including entire neighborhoods, and significantly increasing rental prices.

    According to data reviewed by Stateline, investors purchased 24 percent of the single-family homes bought in 2021. In 2022, the number climbed to 28 percent of single-family home purchases, according to the organization.

    A MetLife Financial Management study contends that institutional investors could own up to 40 percent of single-family homes by 2030

    Calling the issue a “crisis,” Mr. Kennedy put the blame on asset management behemoths like BlackRock, State Street, and Vanguard.

    A 2017 paper published by Cambridge University Press reported that the three firms constitute the largest shareholder in 88 percent of S&P 500 firms.

    “And now they have a new target, which is to gain ownership of all the single-family residences in this country. And they are on a trajectory to do that,” Mr. Kennedy told an audience in Greenville, South Carolina.

    “Usually, when a company buys a home with a cash offer, there is an LLC with an ambiguous name. It often can be traced back to one of those big companies,” he said.

    Mr. Kennedy noted that Larry Fink, the CEO of BlackRock, is a World Economic Forum (WEF) board member.

    “The WEF is a billionaire boys club that meets in Davos every year and has a plan, which is New World Order and what they have called the Great Reset,” Mr. Kennedy said.

    “Klaus Schwab, who wrote the book on that agenda, says that you will own nothing and you will be happy. They are well on their way to accomplishing that first part.”

    At every stop in South Carolina, Mr. Kennedy said that one of his first priorities as president would be to change the tax code so that “it will be less profitable for large corporations to own single-family homes.”

    Curbing credit card debt is another way to help more Americans achieve home ownership and become more financially comfortable.

    “Many Americans are living paycheck to paycheck. The average income in this country is $5,000 less than the average cost of living. What that means is people have to make up the difference by putting those expenses on credit cards,” Mr. Kennedy told a crowd in Richmond, Virginia.

    “We recently reached a milestone in this country with more than $1 trillion in personal credit card debt,” Mr. Kennedy said, adding that many creditors are charging interest rates of 22 percent and higher.

    “If it was the mafia, it would be loan sharking, and they would go to jail, but for banks and credit card companies, it is considered the cost of doing business.”

    Before concluding his remarks about credit card debt, Mr. Kennedy posed a question to the audience.

    “Who do you think owns many of those companies?” he asked.

    “BlackRock, State Street, and Vanguard. They are strip mining the wealth of the American public, and their political clout allows them to do that.”

    Primary Season

    Under a new format, South Carolina will hold the first Democratic presidential primary on Feb. 3. Earlier this year, encouraged by President Biden, the DNC voted to strip the Iowa caucus of its traditional lead-off spot in the party’s presidential nominating process and replace it with South Carolina.

    In late August, as Mr. Kennedy traveled around South Carolina, he stopped in Orangeburg to officially open a statewide campaign office.

    Robert F. Kennedy Jr. speaks at a town hall at a home in Spartanburg, S.C. on Aug. 22, 2023. (Jeff Louderback/The Epoch Times)

    New Hampshire has long been the country’s—and the GOP’s—first primary after the Iowa caucuses. Under the Democrats’ new calendar, which differs from the Republicans’ primary calendar, it would vote with Nevada on Feb. 6.

    Because of the move, President Biden’s name might not appear on New Hampshire’s Democrat primary ballot.

    The DNC rules panel gave New Hampshire and Iowa until Sept. 1 to comply with new rules or face possible sanctions. Republican and Democrat legislators in New Hampshire have said that they won’t adhere to the schedule change, saying state law prohibits the move.

    If President Biden’s name doesn’t appear on the ballot, that would leave Mr. Kennedy to compete with author Marianne Williamson in the New Hampshire primary.

    New Hampshire’s Democratic party leaders have said that a longtime state law requires that their primary be scheduled ahead of any other primary.

    In 2020, candidate Joe Biden lost the Democratic caucus in Iowa and the primary in New Hampshire before winning decisively in South Carolina. He has said that South Carolina more accurately represents the party’s diverse voting base.

    “Everyone knows the real reason the DNC made the change. The people of South Carolina didn’t ask for it. No, it is simply another undemocratic attempt to rig the primary process in favor of their anointed candidate, Joe Biden,” he added.

    “The DNC seems to have forgotten the purpose of the modern primary system to begin with, which was to replace backroom crony politics with a transparent democratic process,” Mr. Kennedy added.

    “If the Biden campaign thinks they can win with administrative tricks and evasions, they will be in for a rude surprise in both New Hampshire and South Carolina.

    First Office in New Hampshire

    Mr. Kennedy opened his first office in New Hampshire in August.

    “New Hampshire plays an important role in American democracy because they have this history, and they have a cultural affinity for vetting candidates early on in the process, and they do a very good job of it,” Mr. Kennedy told The Epoch Times.

    “In many other states, politicians can fly over at 30,000 feet and carpet bomb the state with billions of dollars in advertising. It’s kind of a kabuki theater of democracy rather than real democracy,” he said.

    “In Iowa, you go to the farms and stock sales. In New Hampshire, you have to go to the barber shops and the nail salons and the diners, and you have to shake hands with people, and you have to answer difficult questions and then follow-up questions. You get to know people, and that is important.”

    Mr. Kennedy recalls campaign trips with his uncle and father in the 1960s.

    Supporters gather around then-presidential candidate John F. Kennedy during one of his campaigns at a shopping center in Maryland on May 12, 1960. (Library of Congress)

    “I remember the crowds and the enthusiasm. That is what we are seeing at our events. Enthusiasm. Intensity,” he said.

    “There’s nothing like meeting people face to face and hearing their concerns. When we were in New Hampshire, we had one event in a sparsely populated area in one of the most northern counties, and we drove down a long dirt road. I thought, ‘How is anyone going to show up at this event?’ and we had 500 people there. That is inspiring.”

    Mr. Kennedy supports abortion in the first three months of pregnancy.

    “I can argue there’s nobody in this country that has worked harder for the rights of medical freedom and personal bodily autonomy than me,” Mr. Kennedy said.

    “That applies to the vaccines and abortion.

    “I don’t think the government should be telling us what to do with our bodies and dictating for Americans what we can and cannot do in the first three months of pregnancy. It’s a woman’s choice.”

    That stance could cost him potential support from conservatives, he conceded.

    “I’ve seen photos of late-term abortions, and they’re horrifyingly troubling,” Mr. Kennedy said. “I respect people who have different points of view, and for people who say that ‘it’s the only issue that I care about,’ they will likely vote for someone else because of my beliefs.

    “If you’re a one-issue voter, and that’s something that you deeply care about, I might not be the right candidate for you,” he added. “But I feel like there’s a lot of people now who want authenticity in their political leadership, and they want somebody who’s going to tell them the truth.”

    Censorship

    Also ranking high among issues Mr. Kennedy feels strongly about is censorship—from the government as well as Big Tech.

    He has filed legal action against the Biden administration and Google, among other entities, for alleged censorship. He has appeared before Congress to testify about the issue.

    “I was censored not just by a Democratic administration, I was censored by the Trump administration. I was the first person censored by the Biden administration, two days after he came into office,” Mr. Kennedy told the House Judiciary Subcommittee on the Weaponization of the Federal Government in July.

    Robert Kennedy Jr. (R), 2024 Presidential hopeful, is sworn in before testifying at the “Weaponization of the Federal Government” hearing on Capitol Hill in Washington on July 20, 2023. (Jim WATSON / AFP)

    In February 2021, he was barred from Instagram, for what owner Meta described as breaking its rules regarding COVID-19.

    At the time, a company spokesperson said Instagram removed Mr. Kennedy’s account for “repeatedly sharing debunked claims about the coronavirus or vaccines.”

    In June, Instagram restored the account.

    “As he is now an active candidate for president of the United States, we have restored access to Robert F. Kennedy Jr.’s, Instagram account,” Andy Stone, a spokesperson for Meta, said in a June 4 statement.

    Mr. Kennedy’s Facebook account has remained active.

    Meta removed Instagram and Facebook accounts belonging to Children’s Health Defense (CHD), Mr. Kennedy’s non-profit. CHD, according to its website, advocates to “end childhood health epidemics by working aggressively to eliminate harmful exposures, hold those responsible accountable, and establish safeguards to prevent future harm.”

    Meta said that the CHD accounts were banned because they repeatedly violated the company’s COVID-19 policies. Mr. Kennedy still bristles at the move.

    “Silencing a major political candidate is profoundly undemocratic,” he said.

    “Social media is the modern equivalent of the town square. How can democracy function if only some candidates have access to it?”

    Allegations of Anti-Semitism

    What bothers Mr. Kennedy even more are accusations earlier this year that he is “anti-Semitic.”

    At a gathering in July, a secretly recorded video was leaked to the media where Mr. Kennedy can be heard describing research that reported that the COVID-19 virus disproportionately affected Caucasian and black people while being comparably mild for Ashkenazi Jews and Chinese people, whom Mr. Kennedy suggested had a stronger immune response to the virus.

    Democrats and other critics of Mr. Kennedy condemned the comments as “racist” and “anti-Semitic.”

    Mr. Kennedy has vehemently denied the allegations.

    At the July 20 House hearing on censorship, Democrats attempted to prevent him from testifying. Rep. Debbie Wasserman Schultz (D-Fla.) introduced a motion to move the hearing into executive session, which would have closed the hearing from public view.

    “Mr. Kennedy has repeatedly made despicable anti-Semitic and anti-Asian remarks as recently as last week,” Ms. Wasserman Schultz said, citing a section of House rules that she said Mr. Kennedy’s comments violated.

    In a recorded vote, all 10 Republicans present at the hearing voted to shelve Ms. Wasserman Schultz’s motion. All eight Democrats present voted in favor of the motion.

    Mr. Kennedy testified that he has “never uttered a phrase that was racist or anti-Semitic,” and he continued to defend himself on July 25 in New York at a World Values Network presidential candidate series event.

    Just as he said in July, Mr. Kennedy pointedly refuted the claims that he is anti-Semitic.

    “I’ve been involved in controversial issues for most of my career. Usually, it doesn’t affect me,” he said.

    “The accusation of anti-Semitism cuts me and hurts me. It hurts Cheryl [Hines, Kennedy’s wife]. It hurts our family, and so that was painful.

    “I’ve literally never said an anti-Semitic word in my life, but I believe they [Democrats on the House committee] probably thought whatever they were doing was right in one way or another,” he said.

    “There’s a way to censor people through targeted character assassination. You use vile accusations to marginalize them, and that is the kind of censorship I’m now dealing with,” Mr. Kennedy said.

    The Democratic contender concluded his comments about censorship with a message that reflects a key component of his campaign platform

    “If we’re going to really heal the divide between Americans—which is one of the things that I’m trying to do with this campaign—we can’t react even to hatred with hatred. We have to react with forgiveness. React with kindness and react with generosity,” Mr. Kennedy stated.

    “Harboring resentment is like swallowing poison and hoping someone else dies. It corrodes our souls.”

    Tyler Durden
    Sun, 09/10/2023 – 17:30

  • CNN's Van Jones Sounds Alarm Over 'Grandpa' Joe Biden Running In 2024
    CNN’s Van Jones Sounds Alarm Over ‘Grandpa’ Joe Biden Running In 2024

    After seeing this shitshow of a performance by President Biden at the pos-G20-Summit press conference, how can anyone be surprised that even the most vehement ‘believer in ‘Bidenomics’ has had enough…

    https://platform.twitter.com/widgets.js

    Reality appears to be setting in for Democrats after a recent poll revealed that two-thirds of Democrat-leaning voters don’t want President Biden to run in 2024, 82% of whom said they want “just someone besides Joe Biden.”

    Jones, a former Obama adviser, was asked by co-host Poppy Harlow on “CNN This Morning” about recent comments from former Obama aide Jim Messina, who told Politico Playbook that Democrats worried about recent polls are “fucking bedwetters.”

    “If Jim Messina says that we’re bedwetters, invest in Pampers and Depends because a lot of people are terrified that Joe Biden is in real trouble and that you can’t talk about it,” Jones said, adding “So that’s what’s going on.

    That said, Jones did admit that Messina “is right” in that “is right” since “it may, in fact, be true that a year from now things look very different because there’s been a year of a real campaign, and all this kind of stuff.”

    “But right now, today, I think a lot of Democrats look at these numbers and say the whispers are finally showing up in this data,” Jones said of a recent CNN poll in which Biden’s approval rating has dropped to just 39% – with voters concerned about his advanced age and declining mental faculties.

    Watch:

    https://platform.twitter.com/widgets.js“They worry about Joe Biden,” Jones continued, adding “Joe Biden’s like that grandpa that you love, that you believe in.”

    (That takes ‘probably inappropriate‘ showers with his daughter?)

    “But you start to wonder, you know, would you give this grandpa a high-stress job for six more years or would you want something else for him?”

    Frankly, the fact that the president’s aides had to play him out tells you all you need to know about the struggles The White House is having to hide Biden’s degradation…

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Sun, 09/10/2023 – 17:00

  • The G18: When Neither China Nor Russia Show Up
    The G18: When Neither China Nor Russia Show Up

    By Peter Tchir of Academy Securities

    Maybe it is the new math, but is it really the G20 when neither China nor Russia show up?

    I’m not sure anyone really expected Russia to show up. Leaving the borders of Russia is not the best thing that Putin could do for his own safety or security. The fact that China (Xi) did not attend is more interesting. I haven’t seen an official statement as to why he did not attend, but I have read that the reasons could include anything from “solidarity with Putin” (which seems unlikely) to “escalating tensions along the Himalayan border between China and India” (was not on my radar screen) to “a fractious tone at the recent Beidaihe meeting” (which has come up in some of our recent geopolitical discussions). There is a Nikkei article alleging that Xi was reprimanded by party elders at this year’s Beidaihe meeting. Is it possible that questions about the domestic economy kept him from the G20? I don’t know, but earlier this year China abruptly changed their zero-Covid strategy after a series of protests were reported.

    I don’t know why Xi did not attend the G20, but it doesn’t strike me as a good sign for global relations.

    The G18 (or G20) issued a statement about the war in Ukraine (which was apparently not critical enough of Russia) citing risks to the global economy (see The Economist Who Cried Recession) and included some climate initiatives (which I am not overly optimistic about given the fact that China didn’t attend).

    Made By China

    I continue to argue that one way for China to extricate itself from its current economic weakness is to sell more of their own brands (see China’s Next Move).

    The following helps support that view:

    • The yuan is on the cusp of record weakness.

    This weakness should provide a competitive advantage for Chinese exports.

    • There have been reports that certain phones and products will be banned for employees of certain Chinese government entities. That would presumably create an opportunity for Chinese brands. I have not seen a confirmation of this ban, but the market certainly responded to headlines about this on Thursday.
    • Huawei’s latest phone incorporates 7 nanometer chips made by SMIC. This is impressive technology and has reportedly caught the attention of the U.S. Commerce Department.

    I continue to believe that one of the most underpriced risks (in the market and in corporate boardrooms) is the potential for rapid growth in the sale of Chinese brands. The events of the past week have only reinforced that view.

    In the meantime, I’m looking for China to ramp up support for their economy in the coming days and weeks. So far, they have only done some things at the margin and markets have not been impressed.

    Inflation versus a Slowdown

    This week the “inflation” camp won. Yields increased across the curve and there was a small uptick in the probability of another rate hike this year (still less than 50% though). That seemed to weigh on the stock market as we are in a “good news is bad” mode.

    think that the move in rates is overdone, and they should drift lower (I’m looking for 4% on 10s) which would be good for risk assets (especially if accompanied by some new and larger stimulus measures in China).

    I am leaning more towards the belief that the “soft landing” view will be challenged in the coming weeks as we get new data. The anecdotal evidence seems to be pointing towards slowing spending/growth in many areas. This should show up in the data if the anecdotes are broadly representative of the state of the economy (and I believe that they are).

    I’m getting nervous about the current state of the economy (there are some potentially large headwinds if I’m correct on China’s strategy), but I am still bullish risk for a trade (betting on “bad news is good news” at least until we get sub 4% on 10s).

    I would have liked to see a G19 and am curious why Xi did not attend. It could be a “nothing burger” but it is curious to say the least.

    Tyler Durden
    Sun, 09/10/2023 – 16:30

  • Alpha
    Alpha

    By Eric Peters, CIO of One River Asset Management

    Alpha

    “It requires that you think holistically about your portfolio,” said the CIO of a sovereign wealth fund, somewhere in Asia Pacific. “It’s the way you’d think in my seat. You’d look at the overall risk, netted off across all the portfolio positions,” he said. “It’s similar to running a multi-strat fund with a comprehensive risk management structure and a center book, the difference being that we are by design long the market rather than market neutral.” We were talking about a Total Portfolio approach to investment management. Of the largest pools of investment capital in the world, several of the leading performers are run in such a way.

    “Typical large investment funds have asset class teams, and each will try to optimize its own portfolio, its own allocation,” continued the same CIO. “Whereas we try to optimize across the whole portfolio, every asset class, all opportunities, at least conceptually,” he said. “If you go down the route of having asset class teams, you somehow need to find how to compare the returns of capital across asset classes and manage a competition for capital so that you allocate to the best investment. There’s always a conflict between bottom up and top down.”

    “We organized ourselves in a different way,” he said. “We have a whole team of generalists and hopefully they can do anything,” he said. “But the reality is that you naturally get market segmentation. And expertise on certain asset classes and sectors is very important.” So, he’s been trying to increase the degree of specialization across the investment team without losing the whole of portfolio approach. “And it gets harder at the size we’re running at,” he admitted.

    “One of our key advantages is that we have a very long-term horizon,” he explained. “It allows us to have quite a high risk appetite.” They take substantial active risk around their reference portfolio, accepting the volatility required to generate alpha. “We think about where we have structural advantages, where and why we may have a better chance of making money than others in such a competitive marketplace.” They don’t require short term cash flows. “We can really look through situations, events, dislocations, see across the chasms.”

    “Perhaps our biggest advantage is governance,” he explained. “You can only really think long-term if you have real buy in from your investors,” he said. “We have only one investor, a clear mission, and strong buy in.” As a sovereign wealth fund, they have access to unique investment opportunities, managers, and certain reputational advantages too. “We’ve been able to stick with our strategy because people have bought into it. And of course, if there were ever a few years of negative returns, that could be tested. But the philosophy has worked well.”

    Anecdote:

    “Conceptually it’s very easy,” said the CIO. “Practically it’s very hard,” he continued. A lovely winter day in August, the world upside down. We were discussing dynamic asset allocation, which for them consists of adjusting one’s portfolio to lean against powerful market trends. “It is the part of our investment program that our peers are most interested in discussing.” He leads a sovereign wealth fund with the world’s top performance for the past decade. To outperform requires investors do those things others generally do not. Defying the crowd at such scale is high art.

    “We base our dynamic asset allocation decisions mostly on relative valuations. It is a mean reversion process that capitalizes on volatility harvesting. And at times we will underperform, even have substantial drawdowns, but in the long run it has produced tremendous alpha.” In 2021-22 the approach helped contribute to the portfolio outperforming its 80/20 equity/bond benchmark by 700bps.

    “If you’re entering a high-volatility trending environment, the strategy is not very good. But if you’re entering a high-volatility non-trending environment, it is quite a good approach,” he said. “The periods that are both most challenging and ultimately rewarding are when you’ve had markets selling off a lot and your long position gets bigger and bigger, your liquidity is drawing down. You need to have the right limits at those times, and our limits are bigger than others because of our long horizon,” he said. 

    “When that happens, like it did during Covid, when the collapse was faster and deeper than we thought it should be, it made us wonder, do we understand the underlying distribution?” Such periods torture those who risk defying the crowd, because of course, no one can outperform without paying a steep price, emotionally, mentally, physically. “It made us consider, if something is at an extreme, do we feel more confident that it will revert? Or less confident, because perhaps we don’t understand the underlying system?”

    Tyler Durden
    Sun, 09/10/2023 – 15:30

  • "Who Is Biden Working For?" Admin Under Fire For 'Illegal, Reckless' Cancellation Of Alaska Oil Leases
    “Who Is Biden Working For?” Admin Under Fire For ‘Illegal, Reckless’ Cancellation Of Alaska Oil Leases

    Did someone pay Bidens to weaken the United States?

    After canceling the Keystone XL pipeline project, draining the Strategic Petroleum Reserve to dangerously low levels (some of which was sold to a Hunter Biden-linked Chinese energy giant), and vowing “no more oil drilling” on US soil while America’s geopolitical adversaries – two of whom paid his family handsomely – beef up their own energy independence, the Biden administration has done it again.

    Last week the regime confirmed that it will cancel seven controversial oil and gas leases in an area of Alaska known as the Arctic National Wildlife Refuge (ANWR), which were legally awarded from a 2021 sale.

    “On day one of this administration, President Biden directed us to look at the oil and gas leases sold in the refuge by the previous administration,” said Interior Secretary Deb Haaland in a Wednesday call with reporters. “What we have found in our analysis is that the lease sale itself was seriously flawed and based on a number of fundamental legal deficiencies.”

    Biden, in a written statement, said that the move will “help preserve our Arctic lands and wildlife, while honoring the culture, history, and enduring wisdom of Alaska Natives who have lived on these lands since time immemorial.”

    As the climate crisis warms the Arctic more than twice as fast as the rest of the world, we have a responsibility to protect this treasured region for all ages,” the statement continues, adding “My administration will continue to take bold action to meet the urgency of the climate crisis and to protect our lands and waters for generations to come.”

    The administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

    In short, NIMBYism (or something more nefarious) meets National Security…

    https://platform.twitter.com/widgets.js

    In response, Fox Business host and former Trump administration official Larry Kudlow blasted Biden, saying that this latest energy policy aides Russia, Iran and Venezuela, and is “sheer insanity.”

    “Biden is … playing into the hands of some of the worst actors in the world. I’ve never seen anything… and damaging, obviously, consumers and businesses here at home,” said Kudlow, adding “This is insanity. Sheer insanity.”

    Who is Biden working for?” asked one X user in response to Kudlow’s segment.

    Watch:

    West Virginia Sen. Joe Manchin also slammed the Biden administration over the move, calling the decisions an attempt to weaken American energy security.

    “This is yet another example of this administration caving to the radical left with no regard for clear direction from Congress or American energy security,” said Manchin. “Let’s be clear — this is another attempt to use executive action to circumvent a law to accomplish what this administration does not have the votes to achieve in Congress.”

    “Canceling valid leases, removing acreage from future sales, and attempting to reduce production in Alaska while taking steps to allow Iran and Venezuela to produce more oil — with fewer environmental regulations — makes no sense and is frankly embarrassing,” Manchin concluded.

    As Jack Gist opines in The Western Journal,

    Why would the Biden administration make such a move? I’m not the only one who thinks it’s crazy.

    These decisions are illegal, reckless, defy all common sense, and are the latest signs of an incoherent energy policy from President Biden,” Alaska GOP Sen. Lisa Murkowski declared in a news release.

    Murkowski is an on-again-off-again Republican who is often courted by Democrats for her vote. For her to sound off against the Biden administration is telling.

    In the same news release, Dan Sullivan, Alaska’s other Republican senator, said, “Not only is this an affront to the rule of law, it’s also a grave injustice to the Inupiat people of the North Slope, especially the people of Kaktovik — the only village in ANWR.”

    According to Politico, Sullivan told reporters on Capitol Hill that Biden officials “love to talk about racial equity, racial justice, environmental justice, taking care of people of color, but one big exception — the Indigenous people of Alaska. They screw ’em every time.”

    Sullivan is spot-on except for one point. The Indigenous people of Alaska are not the only ones getting the shaft.

    Progressives have made a concerted effort to appropriate the word “justice” in an effort to subvert its meaning. They claim the moral high ground while at the same time disdaining morality. For progressives, there is no justice and therefore no morality. There is only power.

    Tyler Durden
    Sun, 09/10/2023 – 15:00

  • "See You In Court": Gun Owners of America Sues Tyrannical New Mexico Governor
    “See You In Court”: Gun Owners of America Sues Tyrannical New Mexico Governor

    Submitted by Gun Owners of America,

    New Mexico Governor Michelle Lujan Grisham declared gun violence a “public health emergency” in response to recent deadly shootings in Albuquerque.

    While the anti-gun lobby and their allies in the corporate media have long championed the idea that gun violence constitutes a public health emergency, this is the first time after the COVID-19 pandemic that public health has been used as a guise to limit law-abiding citizens Second Amendment rights unconstitutionally.

    https://platform.twitter.com/widgets.js

    While the public health order may stop law-abiding citizens from carrying firearms to defend themselves in Albuquerque, it certainly will not deter criminals, who often do not have permits to carry firearms, whether open or concealed in the first place.

    In fact, concealed carry permit holders are some of the country’s most “law-abiding” citizens. For example, those who hold concealed carry permits in Texas are 14 times less likely to commit a crime than an average person.

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    So why would Gov. Grisham issue a tyrannical order like this? Well, it’s simple. Because this is a trial run for something much larger.

    Since the landmark decision in NYSRPA v. Bruen, which affirmed that the Second Amendment extends outside the home, anti-gun politicians nationwide have had to resort to drastic measures to Americans’ right to a firearm.

    Using emergency orders to suspend constitutional rights in response to a tragedy is backward thinking at its finest. It leaves law-abiding citizens more vulnerable to the criminals who committed those violent acts in the first place.

    https://platform.twitter.com/widgets.js

    These unconstitutional actions taken by Governor Grisham are unacceptable and will undoubtedly cause more violence and harm to the public. 

    https://platform.twitter.com/widgets.js

    Gun Owners of America has officially filed a lawsuit against the tyrannical governor. 

    https://platform.twitter.com/widgets.js

     See you in court, Governor Grisham.

    *   *   * 

    We’ll hold the line for you in Washington. We are No Compromise. Join the Fight Now.

    Tyler Durden
    Sun, 09/10/2023 – 14:30

  • Austrian Economics Vs. CBDC, ESG, UBI, And Other Newfangled Socioeconomic Gimmicks
    Austrian Economics Vs. CBDC, ESG, UBI, And Other Newfangled Socioeconomic Gimmicks

    Authored by Jakub Bożydar Wiśniewski via the Mises Institute,

    The Austrian school – on account of the logical, deductive character of its theories and their realistic applicability to the actual economy – is the only economic tradition that consciously aspires to the discovery of timeless, universally relevant truths that govern the realm of human action. Thus, it should come as no surprise that its analytical apparatus is naturally suitable for the evaluation of all the recent newfangled socioeconomic phenomena.

    For example, in view of its reflection about the logical essence of the sound means of exchange, the Austrian school sends serious warning signals regarding the notorious concept of CBDCs (central bank digital currencies). More specifically, it points out that CBDC is nothing else but fiat money on steroids, which allows for an unprecedented redistribution of monetary purchasing power in the direction of special interest groups, as well as for immediate monetization of public debt. Worse still, the establishment of a global CBDC platform would be a major step in the direction of eliminating currency competition, which, as the Austrians suggest, is the best among imperfect anti-inflationary buffers in a world deprived of market-chosen money.

    Successful implementation of CBCDs would lethally infect the lifeblood of the global economy, causing unprecedentedly ruinous business cycles, endlessly distorted monetary calculation, and eventually a worldwide disintegration of indirect exchange. Nothing should be less surprising, especially to the Austrians, since the abovementioned situation would be the exact opposite of the monetary stability and predictability afforded by the classical gold standard.

    Similarly, in light of its considerations on the crucial role of economic calculation in the process of rational allocation of resources, the Austrians are naturally wary of the aggressively pushed “ESG standards”. This is because these standards, while parading around in the costume of “good business practices” are a major factor that disrupts business calculation with arbitrary, ideologically charged obstructions manufactured by the global bureaucratic-corporate oligarchy. As such, far from being a form of genuine social capital that builds trust on the part of customers, they are a potent source of ideological confusion and bureaucratic uniformization that hamper the process of generating authentic goodwill by socially proactive companies.

    Nevertheless, the ubiquity of such arbitrary pseudo-market standards can plunge the economy into an abyss of legal uncertainty, especially if some political regimes decide to enforce them as part of their “sustainable development” agenda. And it is precisely in such scenarios, as the Austrian school stresses repeatedly, that the entrepreneurial capacity for long-term planning becomes particularly hobbled.

    Finally, so-called UBI (“universal basic income”) is easily identified by the Austrians as the most comprehensive and audacious form of Frederic Bastiat’s “great fiction through which everybody endeavors to live at the expense of everybody” – i.e., the ultimate incarnation of universal parasitism. More specifically, given their sound reflection on the logic of human action and the resulting incentive structure, the Austrians realize full well that large-scale introduction of UBI would result in immediate capital consumption and catapult the global economy back to at least the preindustrial stage.

    In other words, the Austrian school is uniquely positioned to point out that UBI-ism would be a singularly destructive form of communism, since classical Soviet-style communism, even though supremely wasteful, was at least committed to diligence rather than idleness. Thus, it unwittingly nourished the spirit of dedication which, when combined with the spirit of defiance, brought about its eventual collapse. However, nothing similar can be said about UBI-ism, which eliminates the spirit of defiance by promoting universal shiftlessness and indolence.

    In view of all the preceding remarks, it becomes obvious that the convergence of all the abovementioned phenomena would be particularly capable of sealing the fate of the world economy. More specifically, what I mean here is a situation in which UBI would be paid out in CBDC to those who qualify in virtue of their total acceptance of the ESG agenda. Or, to put matters somewhat differently, a situation in which universal parasitism converges with completely cashless monetary totalitarianism and complete submission to contrived ideological whims.

    It goes without saying that such a scenario would be utterly dysfunctional on so many levels and in so many aspects that it would descend into total economic and social chaos in a very short time. However, even if we can rightly regard it as a highly unrealistic or indeed outright absurd contingency, we might at the same time treat it as a hypothetical anti-ideal against which all conceivable forces of resistance – conceptual and practical, academic, and entrepreneurial, and individual and collective – should be proactively rallied. And when it comes to coordinating such forces of resistance and serving as their fail-safe intellectual guide, there is no better candidate than the scholarly edifice of the Austrian school.

    Tyler Durden
    Sun, 09/10/2023 – 13:30

  • Lavrov Gloats: West Failed To "Ukrainize" G20 As Global South Triumphed
    Lavrov Gloats: West Failed To “Ukrainize” G20 As Global South Triumphed

    Previously we noted how despite the best efforts of Washington and its Western partners, the G20 summit was unable to produce a statement condemning Russia and its invasion of Ukraine. Biden clearly failed to rally allies especially among BRICS and global south countries.

    Russian Foreign Minister Sergey Lavrov, who is at the G20 in New Delhi representing the absent President Vladimir Putin, is gloating over the Western allies’ failure at “Ukrainizing” the summit’s agenda, according to his remarks published in Russian media and Reuters.

    He told a Sunday press briefing that the Russian delegation had stood firm “to protect their legitimate interests,” and were thus able “to prevent the West from once again Ukrainizing the entire agenda”. He hailed the summit as a “success”. 

    AFP/Getty Images

    Lavrov then pointed to the G20 agreed upon declaration which merely “mentions the Ukraine crisis, but only in the context of the need to resolve all conflicts” – which he said is language in line with the principles of the UN Charter.

    He further suggested that the US didn’t get its way of turning the Group of 20 into a “politicized club” – but instead the final declaration that was adopted “highlighted the human suffering and negative added impacts of the war in Ukraine with regard to global food and energy security, supply chains, macro-financial stability, inflation and growth.”

    The top Russian diplomat explained that this agenda was thwarted largely through the collective efforts of developing nations and the interests of the global south, led especially by India, the host country. Per Reuters:

    The Global South’s position in the talks helped prevent the G20 agenda from being overshadowed by Ukraine, he told a press conference. “India has truly consolidated G20 members from the Global South.”

    And more via The Moscow Times:

    “The text doesn’t mention Russia at all,” Russia’s veteran diplomat said.

    “The Indian presidency has really managed to coalesce G20 members from the global south,” he added, suggesting that Russian allies like Brazil, South Africa, India and China had made their voices heard.

    CNN had also observed Saturday, “Diplomats had been working furiously to draft a final joint statement in the lead-up to the summit but hit snags on language to describe the Ukraine war.” The mainstream publication then presented it as a defeat for the White House’s hopes: “The eventual compromise statement amounted to a coup for the summit’s host, Indian Prime Minister Narendra Modi, but still reflected a position far softer those the United States and its Western allies have adopted individually.”

    The section of the G20 declaration where the US, UK and Europe hoped to include more teeth indeed failed to so much as mention Russia at all. “All states must refrain from the threat or use of force to seek territorial acquisition,” it reads. And the declaration added more mutedly: “there were different views and assessments of the situation.”

    Some pundits noted that the final declaration’s language was very favorable to Moscow’s view of the conflict

    https://platform.twitter.com/widgets.js

    French President Emmanuel Macron tried to salvage it as in no way a diplomatic victory for Russia, telling a press conference, “This G20 confirms once again the isolation of Russia. Today, an overwhelming majority of G20 members condemn the war in Ukraine and its impact.”

    But at the same time, Japan’s Prime Minister Fumio Kishida underscored the fractured perspective and disunity on sensitive issue. “Russia’s invasion of Ukraine is something that could shake the foundation of cooperation at G20,” he admitted.

    Tyler Durden
    Sun, 09/10/2023 – 13:00

Digest powered by RSS Digest

Today’s News 10th September 2023

  • Scientists Create Human "Entity" That Has No Mother Or Father
    Scientists Create Human “Entity” That Has No Mother Or Father

    Authored by Michael Snyder via The Economic Collapse Blog,

    Scientists all over the world continue to “play God”, and we are all going to have to live with the consequences

    Every single day, incredibly bizarre experiments are being conducted in secret laboratories all over the planet.  I have frequently warned my readers about the very deadly diseases that are being developed in such laboratories, but other types of extremely sick experiments are happening as well.  For example, it is being reported that one team of researchers has now been able to create a human “entity” that does not have a mother or a father.  In fact, it was created “without using sperm, an egg or a womb”

    Scientists report they have grown the early stages of a human embryo-like entity without using sperm, an egg or a womb.

    The ’embryo model’ even releases hormones that triggered a positive pregnancy test.

    This is like something out of a science fiction novel.

    Why in the world would they even consider doing something like this?

    They are telling us that using such “entities” will make medical research easier, and frankly that makes me want to vomit.

    There is no way that doing this sort of thing should be legal.

    But it is.

    This team of researchers was able to create a human “entity” without a mother or a father by starting with naive stem cells

    Instead of a sperm and egg, the starting material was naive stem cells which were reprogrammed to gain the potential to become any type of tissue in the body.

    According to the BBC, chemicals were used to encourage these stem cells to develop into four unique cell types that are involved in the earliest stages of human embryo development…

    • epiblast cells, which become the embryo proper (or foetus)
    • trophoblast cells, which become the placenta
    • hypoblast cells, which become the supportive yolk sac
    • extraembryonic mesoderm cells

    Those cell types were then “mixed in a precise ratio”, and what happened next is extremely alarming…

    A total of 120 of these cells were mixed in a precise ratio – and then, the scientists step back and watch.

    About 1% of the mixture began the journey of spontaneously assembling themselves into a structure that resembles, but is not identical to, a human embryo.

    Professor Jacob Hanna of the Weizmann Institute is the leader of the team that conducted this research, and he claims that the “entity” which was produced “is really a textbook image of a human day-14 embryo”

    ‘This is really a textbook image of a human day-14 embryo, [which] hasn’t been done before,’ said Professor Hanna.

    If such an entity can survive to that stage, could it go all the way and actually become a full-blown baby?

    Now that this breakthrough has been achieved, it is just a matter of time before someone tries to do that.

    And just imagine the implications if this eventually starts happening on a widespread basis.

    Babies could literally be grown on a massive scale all over the globe.

    Instead of having children the natural way, parents could just order a baby that meets certain specifications.

    And any babies that came out with “defects” would inevitably be discarded.

    Alternatively, it is easy to imagine entire armies being “grown” by tyrannical rulers just like we have seen in certain science fiction movies.

    Would such “entities” be truly human?

    Would they even have souls?

    There is so much that we don’t know, and hopefully this sort of work will be banned so that we will never find out.

    Unfortunately, there is very little holding the scientific community back at this point.

    Most of the general population has no idea what is going on in these secret labs, and most of our politicians don’t seem to care.

    And so “science” will continue to advance all over the globe with very little resistance at all.

    In addition to experiments that are creating new life, researchers are also searching for ways to cheat death.

    In recent years, swapping blood with the young has become a very hot trend among America’s billionaires.  Here is just one example

    Until recently, Bryan Johnson was paying hundreds of thousands of dollars to infuse one litre of his teenage son’s youthful plasma into his own ageing blood stream every month. “I’ve never paid more attention to what he’s eating … because that was going into my body,” the 46-year-old American tech entrepreneur says on new podcast The Immortals. He also pumped his own plasma into his 70-year-old father’s body to help improve his declining physical and cognitive health: “It was one of the most meaningful moments in his entire life. And it was the same for me.” Johnson continues to pay $2m a year for a research team to investigate how we can live longer – and he is certainly not the only rich guy in Silicon Valley dedicated to the search for eternal life.

    Guys like Johnson have more money than they will ever need.

    But they know that their days are limited.

    So in a desperate attempt to “buy more time”, they are literally injecting the blood of young people into their own veins.

    This is another thing that shouldn’t be done.

    And it is probably dangerous.

    But nobody is going to stop them.

    In fact, the pace of scientific change will continue to march forward at an exponential rate.

    Given enough time, our world would be transformed into something stranger than anything that Hollywood has ever dreamed up.

    But our scientists won’t have enough time to do that, because the truth is that time is running out for our society.

    Our self-destructive tendencies will soon absolutely overwhelm us, and no amount of “research” will be able to turn things around at that point.

    Tyler Durden
    Sat, 09/09/2023 – 23:30

  • Triggered: Woke Alabama School Suspends 6-Year-Old Over 'Finger Guns' During Cops And Robbers Game
    Triggered: Woke Alabama School Suspends 6-Year-Old Over ‘Finger Guns’ During Cops And Robbers Game

    A six-year-old Alabama boy was suspended from school and had his “permanent record” threatened for making ‘finger guns’ during a game of cops and robbers.

    “They labeled my six-year-old as a potentially violent and dangerous student because he was being a little boy and playing cops and robbers with another student (who was also suspended) and using his fingers like a gun,” said the boy’s father, Jarrod Belcher, in a statement released on Friday, Sept. 8.

    According to the Epoch Times, a Jefferson County Board of Education “Due Process Referral for Class III Infractions” form released by Gun Owners of America (GOA) reads that Belcher’s son was “using gun fingers to shoot at another student.”

    The boy was subsequently suspended from school pending a hearing with his parents.

    According to the letter, on Sept. 1, 2023, two boys were playing “cops and robbers” during recess at Bagley Elementary School.

    During the course of their play, the children reportedly extended their index fingers and thumbs and said ‘bang-bang’ at each other,” the letter reads.
     
    The child, identified as J.B., was suspended and accused of committing a Class III infraction. This is the district’s most serious infraction. According to the Jefferson County School District’s Student Parent Handbook, Class III infractions include possession of guns or explosives, sexual battery, battery of a school district employee, and robbery, among others.

    The boy would only be allowed back in school after a hearing with his parents and the district. -Epoch Times

    Following a complaint from the Belchers, the disciplinary action was downgraded to a less severe Class II infraction, however Belcher is still calling BS.

    “It should be noted that punching or hitting a student would have only been a Class II violation, so in the eyes of these school administrators, a finger gun is more serious than punching a classmate in the nose,” said Mr. Belcher, adding that his son shouldn’t be punished for something in which no harm was done.

    “Many noses have been broken by fists, but in the last 600 years since the invention of firearms, not a single person has been so much as bruised by a ‘finger gun,’” he wrote.

    Both GOA and Freeland Martz Attorneys of Oxford, Mississippi are backing the Belchers in demanding that the Jefferson County School District clear the boy’s record.

    “This incident just goes to show how embedded the anti-gun mindset is in so many communities, including in red states like Alabama. I imagine most men … can recall having played in a similar fashion in their own youth,” wrote GOA senior VP, Erich Pratt, in a Friday statement. “We will continue to demand action until a full apology is made and all disciplinary records tied to this incident are permanently destroyed.”

    In a demand letter on behalf of the belchers, attorney M. Reed Martz wrote: “Candidly, I thought the story may be a hoax until I reviewed the paperwork generated by the school.”

    We’re sure Russian and Chinese schools are just as proactive in eliminating masculinity among their future fighting forces.

    Tyler Durden
    Sat, 09/09/2023 – 23:00

  • Pfizer, J&J Pressured South Africa Into Shielding Companies From COVID Vaccine Injury Claims: Documents
    Pfizer, J&J Pressured South Africa Into Shielding Companies From COVID Vaccine Injury Claims: Documents

    Authored by Zachary Stieber via The Epoch Times (emphasis ours),

    Pfizer CEO Albert Bourla in Davos on May 25, 2022. (Fabrice Coffrini/AFP via Getty Images)

    Pfizer and Johnson & Johnson pressured South Africa into implementing provisions that shielded the companies from claims over COVID-19 vaccine injuries, newly disclosed documents show.

    Pfizer made the implementation of indemnification and a compensation fund part of its COVID-19 vaccine contract with South Africa, according to documents obtained by the Health Justice Initiative.

    One document states that South Africa was agreeing to “indemnify, defend, and hold harmless” Pfizer and its partner BioNTech, as well as their representatives, “from and against any and all suits, claims, actions, demands, losses, damages, liabilities, settlements, penalties, fines, costs and expenses” arising from claims resulting from the vaccine, including injuries.

    The only exceptions were for a breach of confidentiality or fraud.

    The component was “a non-negotiable” part of the agreement between the parties, the Health Justice Initiative said in an analysis of the documents.

    Johnson & Johnson, meanwhile, also secured indemnification and the introduction of the compensation scheme in its contract with South Africa.

    In a Feb. 23, 2021, letter, South Africa’s ministers of health and finance said that Johnson & Johnson requested the no-fault compensation scheme “to address adverse events that are suffered as a result of the administration of the vaccine.”

    “It has been noted in discussions with J & J, and acknowledged by J & J, that a no-fault compensation scheme for vaccine related adverse events does not exist in South Africa, and that the available legislative mechanisms for establishing a scheme would require some time to undertake, even if the most expeditious processes available are pursued,” they wrote.

    In an exhibit attached to Johnson & Johnson’s contract, officials said that the scheme would compensate people who prove a causal link between the vaccination they received and their injury, as decided by a panel of experts. Among outcomes ripe for compensation were death, injury, and disability. The level of compensation, officials said, “should be sufficient to provide long-term relief to victims.”

    Officials later promulgated (pdf) regulations on April 22, 2021, establishing the scheme.

    The scheme would “provide expeditious and easy access to compensation for persons who suffer harm, loss or damage as a result of vaccine injury,” the regulations stated.

    Like similar schemes in other countries, including the United States, the schemes shield vaccine manufacturers from lawsuits and compensate victims with taxpayer money.

    Pfizer and Johnson & Johnson did not respond to requests for comment.

    “I wouldn’t say we were bullied, but we were in a catch-22 situation to save lives of South Africans against all odds,” Foster Mohale, a spokesperson for South Africa’s Department of Health, told Al Jazeera. “The department entered into these agreements to secure vaccine doses to protect the lives of South Africans against the deadly virus which claimed more than hundred thousand lives in South Africa.”

    Matthew Kavanaugh, an assistant professor at Georgetown University who analyzed the contracts, said that South African officials “were at the whims of each of these companies who really exploited that opportunity.

    “No kind of contract that I’ve ever signed in my life says at some point will you deliver something to us, but in whatever amount and on whatever timeline you think works for you, and in the meantime, we will agree to fully indemnify you,” added Mr. Kavanaugh, speaking on INXPrime.

    Just a handful of vaccine injury claims have been paid out so far, South African Health Minister Joe Phaala said in June.

    A number of side effects of the shots have been confirmed or are suspected, including blood clotting and heart inflammation. Some people have died from vaccine-induced injuries.

    Read more here…

    Tyler Durden
    Sat, 09/09/2023 – 22:30

  • Where Do International Students In The U.S. Come From?
    Where Do International Students In The U.S. Come From?

    When it comes to higher education in the United States, the proportion of international students attending US institutions has jumped from 1.5% in the 1960s to 5.5% in the early 2020s.

    According to a visualization from the International Education Exchange, one can se exactly where most of these students hail from.

    As Visual Capitalist‘s Ehsan Soltani notes,

    The International Student Population

    The United States has always attracted students seeking quality education at its many world-class universities and opportunities in the country’s job market.

    After a drop in recent years due to COVID-19 restrictions, American institutions registered a 3.8% increase in international student participation in 2022.

    There were 948,519 international students at U.S. colleges and universities last year.

    Asian students represent 75% of the total, with Chinese (30%) and Indians (21%) adding up to over half the count. Oceania is the place of origin with the fewest international students enrolled in the U.S., making up only 0.6% of the total.

    According to Open Doors, for the first time in a decade, there were more graduate students (41%) than undergraduates (36%) studying in the United States in 2022.

    Since the COVID-19 pandemic, many colleges and universities have started to offer online courses. Still, the vast majority of students attended classes in person last year.

    A Billionaire Business

    International students continue to be a priority for the U.S. higher education sector, contributing $32 billion to the country’s economy in 2022.

    With the demographic decline in U.S. domestic higher education enrollment, many colleges and universities are strategically focusing on international students.

    According to IIE, 89% of U.S. colleges and universities indicated that 2023/24 applications are up or have stayed the same as the previous year.

    Tyler Durden
    Sat, 09/09/2023 – 22:00

  • Americans Divided As Mask Mandates Make Comeback Amid COVID-19 Surge
    Americans Divided As Mask Mandates Make Comeback Amid COVID-19 Surge

    Authored by Joe Gomez via The Epoch Times (emphasis ours),

    People wear masks at an indoor mall in The Oculus in lower Manhattan on the day that a mask mandate went into effect in New York, on Dec. 13, 2021. (Spencer Platt/Getty Images)

    Several schools and private companies have reinstated mask mandates as COVID-19 cases and hospitalizations continue to increase across the country, causing divisions in communities over how to limit the spread of the coronavirus.

    COVID-19 hospitalizations have increased by nearly 16 percent over the past week alone, according to the Centers for Disease Control and Prevention (CDC).

    In Alabama, Kinterbish Junior High School issued a mask mandate in late August for students, staff, and visitors due to COVID-19 and just this week, Rosemary Hills Elementary School in Silver Spring, Maryland, issued a mask mandate for 10 days, after three people at the school tested positive for the virus.

    It always starts the same way, as a temporary mandate ‘15 days to [slow the spread],’” Kyle Wilkens, a parent in Silver Spring, told The Epoch Times. “I can’t go through this again, my child is not wearing a mask to school.

    Ms. Wilkens believes the mandate will be extended, though it is set to expire by Sept. 15.

    “The media is already doing its part to fear monger. Now, they are trying to soften us up with scattered mask guidance and requirements here and there. We know from before it will escalate.”

    Others in the area believe the temporary mask mandate is a good idea to prevent transmission of the coronavirus in the community.

    It’s better than getting stuck at home for 10 days or feeling miserable and getting stuck at home,” Marlene Tay of Montgomery County, Maryland, told The Epoch Times.

    “We all got COVID last year after some school cases. It was awful because of course our daughter was fine while we felt sick. I expect to get sick soon. Our neighbors just had their third case a few weeks ago. All the kids are getting fevers and sore throats even though it’s not usually COVID, (yet).”

    In other parts of the country, mask mandates have also been issued and lifted. Morris Brown College in Atlanta, Georgia, ended its mask mandate after two weeks. As did Lionsgate film studios and Kaiser Permanente in California after briefly putting a mandate in place.

    “Thank god I live in Florida,” Tammy Contreraz of Tampa Bay told The Epoch Times. “I don’t have to deal with all these confusing rules on mandates.

    Health Officials Split on Masking

    The CDC has issued some recommendations for masking by county based on hospital admission rates, categorizing admission levels as green, yellow, and red (low, medium, and high).

    Advertisement – Story continues below

    If hospitalization rates for COVID are at the yellow (medium) or red (high) level, when there are 10 to more than 20 new admissions per 100,000 people in a county, the CDC recommends wearing a mask while indoors or in a public space.

    “I think it’s smart guidance, masks are effective at limiting any airborne pathogen but only if worn consistently, especially in crowded spaces and close contact areas,” Santiago Mercado, an Emergency Room Nurse at Elmhurst Hospital in Queens, New York, told The Epoch Times.

    “I don’t know how well people will comply with the guidance, but it can absolutely protect the public and improve preventable deaths.”

    Mr. Mercado worked at intensive care units in hospitals across the New York City area during the pandemic in 2020 and has seen how quickly COVID can spread—inundating healthcare facilities.

    It was like a brush fire; so many people were dying every day. Anything we can do to prevent that again, I support,” he said.

    People wearing protective face masks walk on the street in Brooklyn, New York, on Oct. 7, 2020. (Chung I Ho/The Epoch Times)

    Healthcare professionals on the other side of the issue disagree and say masking has no significant benefit to avoiding infection by the coronavirus.

    The CDC’s own data reveals that those who wear masks get infected with COVID at the same rate as those who don’t,” according to an analysis from Americas Frontline Doctors posted on their website.

    “85 percent of those infected with COVID wore masks some or all of the time before their infection. The countless jurisdictions that mandated masks actually saw an increase in infections during the mandate. A key randomized, controlled study of mass masking during the COVID outbreak, concluded that wearing a mask had no significant effect on viral spreading.”

    The organization goes on to report that even if masks were effective, there are negative impacts of continuous mask-wearing, such as a “decrease in the levels of oxygen intake, headaches, Mask-Induced Exhaustion Syndrome (MIED), reduced immunity germ load and skin reactions.”

    Governors on Mask Mandates

    There are no statewide mask mandates across the country so far, though in New York, Gov. Kathy Hochul (D) unveiled a plan to distribute N-95 and KN-95 masks to schools this fall but is not mandating their use.

    “Thanks to the hard work of New York schools, teachers, and parents, we have come a long way to ensure students can safely return to the classroom,” Ms. Hochul said. “Frequent testing for COVID-19 is an important part of keeping our kids safe and preventing an outbreak, and I will continue working to ensure our school districts have the resources they need to provide a safe, in-person learning environment for our students.”

    A discarded face mask is pictured on the sidewalk in Long Beach, Calif., on Aug. 22, 2020. (Apu Gomes/AFP via Getty Images)

    A discarded face mask is pictured on the sidewalk in Long Beach, Calif., on Aug. 22, 2020. (Apu Gomes/AFP via Getty Images)

    In Mississippi, Gov. Tate Reeves (R) has made his opposition to masking abundantly clear, stating there will be no mask mandates in the near future.

    There are some on the left that still want COVID restrictions… Let me say it again – there will be no mask mandates, COVID vaccine mandates, or lockdowns in Mississippi,” Reeves posted on Facebook.

    “Mississippians will not and should not submit to fear again … If you want to take extraordinary measures to protect yourself from getting sick, God bless you. That is your right and you should do what you think is best. Maybe you’re the smartest of all of us. But we are never going back to 2020.”

    Fight Over Mandates on Capitol Hill

    The split over mask mandates has spilled into politics in the nation’s capital, as some Republicans in Congress introduced legislation to ban a mandate of any kind.

    Senators JD Vance (R-Ohio), Mike Braun (R-Ind.), and Josh Hawley (R-Mo.) have cosponsored a Senate bill called the “Freedom to Breathe Act” which would ban federal mask mandates in the United States.

    We tried mask mandates once in this country. They failed to control the spread of respiratory viruses, violated basic bodily freedom, and set our fellow citizens against one another,” said Vance.

    “This legislation will ensure that no federal bureaucracy, no commercial airline, and no public school can impose the misguided policies of the past. Democrats say they’re not going to bring back mask mandates – we’re going to hold them to their word.”

    The White House issued a “100 Day Masking Challenge” in 2021, where President Joe Biden implemented a mask mandate on federal property, but the administration has not issued a new nationwide mandate since.

    Tyler Durden
    Sat, 09/09/2023 – 21:30

  • Visualizing The 25 Best Stocks By Shareholder Wealth Creation Since 1926
    Visualizing The 25 Best Stocks By Shareholder Wealth Creation Since 1926

    Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth.

    Put another way, as Visual Capitalist’s Jenna Ross and Joyce Ma detail below, just 0.1% of stocks have added over $17.6 trillion to investors’ wallets.

    In this graphic, we use data from Henrik Bessembinder of Arizona State University to show the best stocks of the last century.

    How is Shareholder Wealth Creation Calculated?

    Bessembinder took three steps to measure lifetime shareholder wealth creation:

    1. Considered U.S. stocks in the Center for Research in Security Prices database from 1926 (or when the stock was first listed) until 2022 (or when the stock was delisted).

    2. Measured share price changes as well as cash flows to/from shareholders including dividends, spinoffs, share buybacks, and new share issuances.

    3. Calculated the excess wealth generated compared to investing in one-month Treasury bills over the same time period.

    If a company exited the database during the period, Bessembinder calculated its delisting return based on any proceeds from mergers or acquisitions as well as estimates of any remaining value after delistings for negative reasons.

    GM is the only company within the top 25 to be delisted prior to December 2022. Its second IPO in 2010 was considered a new company and not continuous wealth creation.

    The 25 Best Stocks in Modern History

    With this definition in mind, here are the best stocks since 1926.

    Apple takes the top spot, having created nearly 5% of all shareholder wealth. From the iPod to the iPhone, Apple’s ability to keep innovating has helped it gain a loyal fan base and given the company pricing power. Notably, Apple is America’s most profitable company.

    ExxonMobil is the only non-technology company among the five best stocks. When Exxon and Mobil merged in 1999, it was the biggest merger in history and ExxonMobil temporarily became the world’s largest public company by market capitalization. More recently, the company experienced record profits in 2022 due to high oil prices.

    The list also shows how wealth-generating patterns have changed over time. While energy and consumer staples are more frequent among older companies in the ranking, the stocks that have created massive wealth in recent years are more likely to be technology or financial companies.

    Finding the Next Winners

    Given that the names on this list account for 0.1% of all public U.S. stocks, picking out one of the next long-term winners could be a difficult task. In fact, 95% of actively-managed large cap funds—which aim to beat the market through stock picking—underperformed their benchmark over a 20-year period.

    Investing in index funds is one possible way to get exposure to top performers. For instance, Apple has been part of the S&P 500 since 1982, about a year after it went public.

    Tyler Durden
    Sat, 09/09/2023 – 21:00

  • Megyn Kelly Reveals Possible Vaccine Injury, Regrets Getting COVID Shot
    Megyn Kelly Reveals Possible Vaccine Injury, Regrets Getting COVID Shot

    Authored by Tom Ozimek via The Epoch Times (emphasis ours),

    Megyn Kelly speaks onstage at an event in Washington, on Oct. 13, 2015. (Paul Morigi/Getty Images for Fortune/Time Inc)

    Megyn Kelly, a veteran journalist and podcaster, said Wednesday that she deeply regrets getting the COVID-19 vaccine because she believes she may have suffered a vaccine injury.

    Ms. Kelly said that she regrets getting vaccinated and then boosted, saying she doesn’t think it was necessary—and that a doctor told her that an autoimmune condition she developed after getting the shot may be related to the vaccine.

    “I regret getting the vaccine even though I’m a 52-year-old woman because I don’t think I needed it,” Ms. Kelly said during a Sept. 6 episode of her podcast “The Megyn Kelly Show.”

    I think I would have been fine. I had got COVID many times, and it was well past when the vaccine was doing what it was supposed to be doing,” she added.

    For the first time, I tested positive for an autoimmune issue at my annual physical. And I went to the best rheumatologist in New York, and I asked her, do you think this could have to do with the fact that I got the damn booster and then got COVID within three weeks? And she said yes. Yes. I wasn’t the only one she’d seen that with,” Ms. Kelly said.

    Her current vaccine regret stands in contrast to remarks she made in April 2021, when she said she had “zero qualms” about getting the shot.

    “Am getting the [Johnson & Johnson] vaccine this [weekend]. Have zero qualms [because] have spent a life immersed in a media obsessed with fear-mongering that is often irresponsible and untrue. Do what your doctor tells you to do and ignore everyone else,” she said in a post on X, formerly Twitter.

    Ms. Kelly’s expression of regret at getting the shot comes amid reports linking spike protein-based COVID-19 vaccines to skin problems, a dull ringing in the ears known as tinnitusvisual impairmentsblood clotting, and even death.

    Studies have also revealed a number of issues affecting vaccinated children. For example, one recent study, published in the journal Frontiers in Immunology, shows that the mRNA-based vaccine for COVID-19 reduced children’s immune responses to other infections, making them more prone to getting sick after coming into contact with other pathogens.

    Another study published by Circulation showed that some children who experienced heart inflammation after COVID-19 vaccination had scarring on their hearts months later.

    The Centers for Disease Control and Prevention (CDC) continues to recommend that people of all ages receive a COVID-19 vaccine despite the risk of heart inflammation and other side effects.

    Also, documents show that the Food and Drug Administration (FDA) and the CDC hid data showing a spike in COVID-19 cases among the vaccinated.

    Former President Donald Trump told former Michigan gubernatorial candidate Tudor Dixon in a recent conversation on her podcast that pharmaceutical companies have an “obligation to be honest” about vaccine side effects and should disclose all relevant data on vaccine harms.

    President Trump and Ms. Dixon discussed a range of issues in an episode on the Tudor Dixon Podcast last week. At one point in the discussion, Ms. Dixon asked about President Biden’s announcement to fund a new COVID-19 vaccine.

    He wants everyone to get this vaccine,” Ms. Dixon said. “And we’re hearing about a lot of complaints from vaccine injured. To say a lot is an understatement.”

    She then asked President Trump about vaccine data transparency, citing reports of various adverse events, including heart inflammation and blood clots.

    “Numerous pharmaceutical companies have refused to release their data on vaccine side effects,” she said. “But we’ve seen cases of myocarditis, blood clots, and heart attacks; they’re all increasing. The research has never been released.”

    She asked if President Trump would “demand that the vaccine companies, that the pharmaceutical companies release their vaccine data to the public so that we can see what they’re actually seeing about the side effects of this vaccine?”

    President Trump replied by saying that pharmaceutical companies “should do that,” adding that “we’re all in this together, and they should be doing that.”

    In context of President Biden’s remarks about funding a new COVID-19 vaccine, the former president said that “anything new has got to be looked at very carefully.”

    President Trump then reiterated the point that pharmaceutical companies should release any data on vaccine side effects.

    “They should be made public immediately. People should understand that, and they should know what research is showing,” President Trump said.

    He added that pharmaceutical companies would be wrong to withhold any information on vaccine injuries.

    “They have to be honest with the numbers, the facts, and they have an obligation to be honest,” he said, “And if they are going to hold back, that means they’re holding back something that’s not good.”

    We’ll stand for them in many ways,” President Trump said of people who suffered vaccine injuries.

    Meanwhile, the FDA has been ordered to accelerate the pace at which it releases to the public data it relied on to license COVID-19 vaccines.

    In May, a federal judge in Texas ruled that the FDA must hurry up with disclosing data that underpinned its decision to license COVID-19 vaccines, ordering all documents to be made public by mid-2025 rather than, as the FDA wanted, over the course of about 23.5 years.

    “Democracy dies behind closed doors,” is how U.S. District Judge Mark Pittman opened his order (pdf), which requires the FDA to produce the data on Moderna’s and Pfizer’s COVID-19 vaccines at an average rate of at least 180,000 pages per month.

    Tyler Durden
    Sat, 09/09/2023 – 20:30

  • How Much Does It Take to Be Wealthy In America?
    How Much Does It Take to Be Wealthy In America?

    What does it take to be wealthy in America? It depends, of course, on where one lives.

    According to the 2023 Modern Wealth Survey by Charles Schwab (see below), you need a net worth of at least $1.7 million to be “financially comfortable” in San Francisco, and $4.7 million to be considered “wealthy.”

    And in Houston? $606k is “financially comfortable,” while $2.1 million is “wealthy.”

    As Visual Capitalist‘s Dorothy Neufeld notes:

    Wealthy in America: A Closer Look

    Overall, the net worth that Americans say that is needed to be “wealthy” in the United States is $2.2 million in 2023.

    Here are the average wealth numbers indicated by respondents across 12 major U.S. cities, based on a survey of 1,000 people between 21 and 75:

    In San Francisco, respondents said they needed $4.7 million in net worth to be wealthy, the highest across all cities surveyed, and more than double the national average.

    This figure dropped from last year, when it stood at $5.4 million. The vast majority of people in San Francisco say that inflation has had an impact on their finances, and over half say that living in the city impedes their ability to reach their financial goals, citing steep costs of living.

    In Los Angeles and San Diego, it takes $3.5 million to be wealthy, the second-highest across cities surveyed. In New York, it takes $3.3 million in net worth to reach this target. It is home to over 345,000 millionaires, the highest worldwide.

    Houston, where the cost of living is less than half of San Francisco, respondents said a net worth of $2.1 million is needed to be wealthy. The average salary is $67,000 in Houston, while in San Francisco it falls at $81,000.

    The Wealth Paradox

    Separately, the survey asked whether respondents “feel wealthy” themselves.

    Overall, 48% of all respondents said they feel wealthy, and those people had an average net worth of $560,000. This is a considerable divergence from the $2.2 million benchmark they said was needed to be wealthy.

    Here’s the breakdown for major cities, illustrating the paradox:

    Millennials were most likely to feel wealthy, at 57% of respondents, while 40% of boomers felt wealthy, the lowest across generations surveyed.

    Explaining the Divergence

    When digging deeper, it becomes clear that wealth is not simply a number.

    In fact, the survey indicates that many Americans place greater importance on non-monetary assets over monetary assets when they think of wealth.

    For instance, 72% said having a fulfilling personal life was a better descriptor of wealth than working on a career, which was only chosen by 28% of respondents. Meanwhile, enjoying experiences (70%) was a better reflection of wealth compared to owning many nice things (30%).

    Interestingly, there was a narrower margin in choosing between the importance of time (61%) over money (39%).

    Beyond monetary figures, these findings illustrate the layers that influence what it means to feel financially healthy today, and how this affects an individual’s overall quality of life.

    Tyler Durden
    Sat, 09/09/2023 – 20:00

  • Robert F. Kennedy Jr. Wants His Party Back
    Robert F. Kennedy Jr. Wants His Party Back

    Authored by Jeff Louderback via The Epoch Times (emphasis ours),

    Democratic presidential candidate Robert F. Kennedy Jr. (Michael M. Santiago/Getty Images)

    On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming town hall tour of a state where Joe Biden won close to 49 percent of the vote in the 2020 Democratic primary.

    Mr. Kennedy spoke about his 2024 presidential campaign. Democrat pundits say he is a fringe candidate who spreads conspiracy theories. Polls show him with the highest favorability rating of any presidential candidate.

    There is no path for Mr. Kennedy to defeat President Biden, critics claim, despite questions about President Joe Biden’s age and mental fitness, low approval ratings, and surveys showing that Americans are concerned about the economy.

    Earlier this year, the Democratic National Committee voted to give its full support to the president.

    Mr. Kennedy agrees that unseating an incumbent president in the same party is a daunting challenge but disagrees with doubters who say he has no chance of securing the nomination.

    The 2024 presidential nominee will be announced during the Democratic National Convention in Chicago next summer. Until then, Mr. Kennedy intends to continue to press his case.

    “The DNC has around $2 billion, and they’re spending that money generously to try to marginalize me in many ways, but I think most Democrats care about one thing more than anything else, which is to beat Donald Trump,” Mr. Kennedy told The Epoch Times. “I think President Biden cannot do that. I can.”

    President John F. Kennedy saw his nephew, Robert F. Kennedy, Jr. at the Oval Office on March 11, 1961. (Abbie Rowe. White House Photographs. John F. Kennedy Presidential Library and Museum, Boston)

    Mr. Kennedy is the nephew of President John F. Kennedy, who was assassinated in 1963; and the son of Robert F. Kennedy, who was shot and killed after a campaign speech while running for president in 1968.

    During his town halls and meet-and-greets, Mr. Kennedy tells stories from time spent with his uncle and father and connects them to his presidential campaign.

    He wants to continue his father’s legacy of uniting Americans from all economic classes and ethnic backgrounds.

    Robert F. Kennedy Jr. (L) wants to continue his father’s (R) legacy of uniting Americans from all economic classes and ethnic backgrounds.

    “I think we do that by telling the truth to people. My dad did it that way. He talked about uncomfortable issues but talked about the truth. I think people are tired of being lied to by the government, by the media,” Mr. Kennedy said.

    My dad ran against an incumbent president in his own party (Lyndon B. Johnson) during a divisive time. I’m running against a larger challenge because I am facing an entire infrastructure that is against me, from my own party and Big Tech and the pharmaceutical industry.”

    An environmental attorney and the founder of Children’s Health Defense, Mr. Kennedy is widely known for being outspoken about the health risks of vaccines. His stand on these and other issues has drawn support from voters who are not left-leaning.

    The candidate, however, has said that he won’t do that, reiterating that stance over the last month in town halls and meet-and-greets in South Carolina, Virginia, and New York City.

    “I’m a Democrat. This is my identity, but I want my party back,” Mr. Kennedy said. “I’m running for president because the Democratic Party has lost its way. I want to remind the Democratic Party of what we are supposed to represent.”

    A focus on the middle class and labor, the well-being of minorities, a focus on the environment, civil liberties, and freedom of speech.

    He frequently talks about “unity” and “healing the divide.”

    I intend to bridge this toxic polarization that is really destroying our country and tearing us apart,” Mr. Kennedy said.

    He called his campaign a “peaceful insurgency” that he hopes will appeal to conservative Republicans, independents, moderates, and liberal Democrats.

    “During the 35 years I spent as one of the leaders of the environmental movement in our country, I was the only environmentalist who was regularly going on Fox News. I went on Sean Hannity repeatedly—Bill O’Reilly, too,” Mr. Kennedy said.

    “I want to talk to media members and voters who share differing opinions than mine, because how else are you going to persuade?

    “I think we have a lot more in common than what the media portrays. What keeps us apart are things that are rather trivial. We let them feed this toxic polarization. We need to talk. We need to have conversations with people from a wide range of views.”

    Days after a House hearing on censorship in July that saw Democrats attempt to block Mr. Kennedy from testifying, a Harvard-Harris poll showed that he has a higher favorability rating than any other 2024 presidential candidate.

    Mr. Kennedy saw a favorable rating of 47 percent and an unfavorable mark of 26 percent, according to a survey of 2,068 registered voters, conducted July 19–20 and released on July 23. Former President Trump carried a favorability rating of 45 percent compared with an unfavorability number of 49 percent. Florida Gov. Ron DeSantis had a 40 percent favorable rating and 37 percent unfavorable, and President Biden’s rating was 39 percent favorable and 53 percent unfavorable.

    Mr. Kennedy also had the highest net favorability of all 2024 presidential candidates in a June poll from The Economist/YouGov.

    Kennedy campaign manager Dennis Kucinich is a former Democratic congressman from Ohio who ran for president in 2004 and 2008. He believes Mr. Kennedy can “rebuild and save” the country and that there is a path to victory over Biden.

    He is the only Democrat who can reach across the political spectrum, which means he can win in 2024,” Mr. Kucinich told The Epoch Times.

    “Conservatives, liberals, independents, and libertarians are responding to this campaign because of the unique qualities of Robert F. Kennedy Jr. and because there is an understanding he stands for unity, freedom, truth, and authenticity. That is what’s resonating with people.”

    When asked about President Biden and former President Trump, Mr. Kennedy is measured in his responses.

    “I’m not going to attack other people personally,” Mr. Kennedy said. “I don’t think it’s good for our country. And what I’m trying to do in this race is bring people together, is try to bridge the divide between Americans.”

    ‘Poison, Hatred, and Vitriol’

    Mr. Kennedy stands for “de-escalating” what he called “poison, hatred, and vitriol.”

    Mr. Kennedy has repeatedly expressed his disapproval of President Biden’s job performance, but he has refrained from personal attacks about the 80-year-old’s mental fitness.

    “If there’s a policy I disagree with—like the war, like censorship, the lockdowns—I’m going to criticize those, but I’m not going to attack him as a man,” Mr. Kennedy said.

    “I will say, whether he’s up to it or not, whether he’s making his own decisions—the decisions that are coming out of the White House are bad decisions.”

    President Biden is not scheduled to appear in Democrat primary debates, a decision Mr. Kennedy believes the president should reconsider.

    I think it would be better if we have a democracy where every candidate debates,” Mr. Kennedy said.

    “I suppose he is making a strategic decision that’s based upon his own interest, but I think we’re living in a period when people have lost faith in the democratic process, and they think the system is rigged.”

    President Joe Biden and President Trump should take the debate stage as a sign of respect for American voters, Mr. Kennedy said.

    Then-President Donald Trump and then-Democratic presidential candidate Joe Biden participate in the final presidential debate at Belmont University in Nashville, Tenn., on Oct. 22, 2020. (Jim Bourg/POOL/AFP via Getty Images)

    Americans shouldn’t feel like we live in the Soviet Union, where the party picks the candidates. I think it would be much better for our democracy, and we’d be a better example for the world and improve our credibility with the American people if we actually allowed democracy to function and all the candidates participated in debates, and town halls, and retail politics.

    “It is important for the Democratic Party that there is a primary debate. Ultimately, a Democrat will debate a Republican, and the Republican will likely be Trump. He is probably the most successful debater in this country since Lincoln Douglas,” said Mr. Kennedy, noting how President Trump defeated a crowded pool of Republican primary candidates in 2016.

    “He has his own technique that people like. It’s like going into a prize fight. You need practice, and that usually happens in the primary,” Mr. Kennedy said.

    Asking the president to not debate in the primary is like asking a prizefighter to practice by sitting on the couch.

    In South Carolina, Virginia, and New York City, Mr. Kennedy talked to voters about the economy and issues on which he disagrees with President Biden.

    In Charleston, he criticized the president for continued financial support to Ukraine.

    “One of the big problems we have in our federal government is the addiction to war,” Mr. Kennedy said. “President Biden went to Congress and asked for another $24 billion for the Ukraine War.

    “We’ve spent $8 trillion dollars on wars since 9/11. If we kept that money home, we would’ve had child care for every American. We would have free college education for every American. We’d be able to pay for our Social Security system.”

    He believes that he, and not President Biden, is the candidate who will best represent Democrats in 2024 and beyond.

    “I am the only choice that is going to end the war machine, that is going to really focus on rebuilding the American middle class, taming inflation,” Mr. Kennedy said.

    About gun control, Mr. Kennedy said, “I do not believe that, within that Second Amendment, there is anything we can meaningfully do to reduce the trade and the ownership of guns.”

    Anybody who tells you that they’re going to reduce gun violence through gun control at this point, I don’t think is being realistic,” he said. “I think we have to think about other ways to reduce that violence.”

    Mr. Kennedy did note that he would sign an assault weapons ban if he were president and the legislation was placed on his desk.

    A vocal opponent of the pharmaceutical industry, Mr. Kennedy vowed at a town hall in Brooklyn on Sept. 1 that he would ban pharmaceutical advertising.

    He is outspoken about the dangers of the COVID-19 vaccine for some in the population who were coerced to take them, but he told the Epoch Times that he is not “anti-vaccine.”

    “I’ve never been anti-vaccine,” he said. “I’ve said that hundreds and hundreds of times, but it doesn’t matter because that is a way of silencing me. Using that pejorative to describe me is a way of silencing or marginalizing me.”

    Mr. Kennedy has said that, initially, he was not in favor of former President Trump’s border wall. But after seeing the border firsthand in Arizona in July, he changed his mind. He said there is a need for increased infrastructure and technology at the border, including more segments of a physical wall, and sensors in areas where a wall isn’t feasible.

    Until the United States can seal the border, he said he doesn’t think it is possible to get an immigration reform package through Congress.

    Illegal immigrants wait in line to be processed by the U.S. Border Patrol after crossing through a gap in the U.S.–Mexico border barrier in Yuma, Ariz., on May 21, 2022. (Mario Tama/Getty Images)

    Mr. Kennedy visited the Arizona–California border with Mexico in early June and met with illegal immigrants, Border Patrol agents, and other stakeholders.

    “The Democratic Party thinks our function should be welcoming all immigrants into the country no matter what, and to basically open the borders. And the experiment has been a disaster, a humanitarian catastrophe,” Mr. Kennedy said.

    “I watched it firsthand. I watched 300 people come across the border and then be processed and sent to locations all over the country with court dates seven years down the road.”

    “There’s now seven million people who have come across illegally and have no legal status in this country. Those people are very vulnerable now to unscrupulous employers who are paying them $5 and $6 an hour,” he said.

    Mr. Kennedy called the Biden administration’s open border policy “a way of funding a multibillion-dollar drug and human trafficking operation for the Mexican drug cartels.”

    “As president, I will secure the border, which will end the cartel’s drug trafficking economy. I will build wide doors for those who wish to enter legally so that the U.S. can continue to be a beacon to the world where diversity and culture make us great,” he said.

    “Immigration is good for our country, but this kind of immigration is unfair to everybody,” he said.

    Ending the Ukraine War

    Mr. Kennedy has called for de-escalating the war in Ukraine. He explained that he is sympathetic to the Ukrainian cause and added that Russian President Vladimir Putin invaded the country illegally, but he chastised the United States for its role in the conflict.

    “We have neglected many, many opportunities to settle this war peacefully,” he said. “We have turned that nation into a proxy war between Russia and the United States.”

    Ukrainian soldiers preparing U.S.-made MK-19 automatic grenade launcher towards at a front line near Toretsk, Ukraine, on Oct. 12, 2022. (Yasuyoshi Chiba/AFP via Getty Images)

    Mr. Kennedy has urged President Biden to negotiate a peaceful end to the Russia-Ukraine war, which started when Russia invaded the neighboring nation in February 2022.

    “Russia is not going to lose this war. Russia can’t afford it,” Mr. Kennedy said. “It would be like us losing a war to Mexico.”

    As part of his reasoning for ending the Ukraine war, Mr. Kennedy referenced his uncle, President John F. Kennedy.

    My uncle Jack said that the primary job of an American President of the United States is to keep the country out of war. He kept out of Vietnam. He sent only 16,000 military advisers there—mainly Green Berets,” Mr. Kennedy said.

    “In October 1963, he learned that one of his Green Berets had died, and he asked his aide to give him a combat casualty list, and the aide came back and said 75 had died so far. He said: ‘That’s too many.’”

    The American Dream

    When it comes to supporting labor unions, Mr. Kennedy’s ideas are similar to President Biden’s.

    “In my administration, you can expect vigorous action by the Justice Department and the Department of Labor to enforce laws against union-busting and unfair labor practices,” Mr. Kennedy said.

    “We will also raise the minimum wage so that unions have a higher floor from which to bargain. We will negotiate trade treaties that don’t pit American workers against low-wage foreign workers in a race to the bottom.”

    At his campaign stops. Mr. Kennedy likes to talk about the flourishing economic period the nation experienced after World War II.

    I grew up during the heyday of American economic prosperity. It was in the 1950s and 1960s that the archetype of the American Dream was born. It was not something available only to a lucky few; it was within the reach of most Americans,” he said.

    Read the rest here…

    Tyler Durden
    Sat, 09/09/2023 – 19:30

  • CNN Political Director Admits Biden In Danger From "Troublingly Low" Approval Ratings
    CNN Political Director Admits Biden In Danger From “Troublingly Low” Approval Ratings

    A new poll from CNN conducted by SSRS found that President Biden’s reelection campaign is already in trouble, with 46% of voters, overall, saying that any GOP candidate would be preferred over Biden – including former South Carolina Gov. Nikki Haley.

    According to CNN political director David Chalian, Biden’s approval ratings are “troublingly low.”

    Amontg those polled, 58% say Biden’s policies have made economic conditions worse, and 70% say things in America are going badly. Just 33% of those polled described Biden as someone they’re proud to have as their president.

    “Look at that approval number over time. Since the spring, he’s been hanging out in this very low, troubling approval rating for him and It really has not fluctuated for him all that much,” said Chalian. “Take a look by party. You noted among Democrats, his approval rating is down a bit from where it was in July. He’s at 74% among his own party faithful. Independents, holding troublingly low for the president at 36%. Obviously, single digits among Republicans.

    A recent Wall Street Journal poll also spelled bad news for Biden, with former President Donald Trump leading Biden by 11 points on the question of who had a better record. Trump also led Biden by 10 points in perceived mental fitness to hold office. Fifty-eight percent of those polled said the economy has gotten worse over the past two years, with a majority of those polled disapproving of Biden’s handling of the economy. -Daily Caller

    Watch the whole clip (via the Daily Caller),

    “And look at how Biden stacks up against all of his modern-era predecessors at this point in their presidency. Going to draw a line here to show he’s hanging out in this category with Trump and [Jimmy] Carter. Something about Trump and Carter, they lost their reelection efforts,” he continued.

    Tyler Durden
    Sat, 09/09/2023 – 19:00

  • New Mexico Lawmakers Call For Governor's Impeachment Over 2A Overreach
    New Mexico Lawmakers Call For Governor’s Impeachment Over 2A Overreach

    Update (1848ET):

    New Mexico State Representatives Stefani Lord (R-22) and John Block (R-51) called for the impeaching of Governor Michelle Lujan Grisham (D) after she issued a public health emergency to strip the right away for law-abiding citizens to carry firearms in public in and around Albuquerque, the state’s largest city. 

    “This is an abhorrent attempt at imposing a radical, progressive agenda on an unwilling populous. Rather than addressing crime at its core, Governor Grisham is restricting the rights of law-abiding gun owners,” Lord wrote in a press release shared on X. 

    https://platform.twitter.com/widgets.js

    While impeachment calls grow, Erich Pratt, Senior VP of Gun Owners of America, told us: “The Governor’s actions are evil and tyrannical. GOA’s attorneys are already preparing a complaint. So heads up to the Governor: ‘We will see you in court.'”

    *   *   * 

    On Friday evening, New Mexico Governor Michelle Lujan Grisham (D) issued an emergency order suspending the right of law-abiding citizens to open and conceal carry firearms in crime-ridden Albuquerque and the surrounding county for at least 30 days, after declaring a public health emergency in response to a spate of recent gun violence.

    Grisham, who apparently thinks criminals will follow her orders, says she expects legal challenges, but was ‘compelled to act’ following recent shootings, AP reports.

    https://platform.twitter.com/widgets.js

    “Today I issued a 30-day ban on the open & concealed carrying of guns in Albuquerque and Bernalillo County. Gun violence is killing between 2 and 3 children every month in NM – every single one of these deaths is unconscionable and they must stop,” Grisham posted on X. 

    https://platform.twitter.com/widgets.js

    Grisham declared in a statement, “As I said yesterday, the time for standard measures has passed. And when New Mexicans are afraid to be in crowds, to take their kids to school, to leave a baseball game—when their very right to exist is threatened by the prospect of violence at every turn—something is very wrong.”

    Yes governor, now law-abiding citizens won’t be able to match force with criminal threats while in public, after failed progressive policies transformed Albuquerque into a crime-infested metro area with soaring violence.

    According to a recent report by the Major Cities Chiefs Association, Albuquerque had one of the highest homicide rates in the country.

    Constitutional law attorney Jonathan Turley said the move by Grisham is “flagrantly unconstitutional under existing Second Amendment precedent.” 

    Turley continued, “Democratic leaders have increasing turned to a claim used successfully during the pandemic in declaring a health emergency to maximize unilateral authority of governors.” 

    “The taking away of individual rights as an emergency measure is hardly new. For centuries, governments have claimed that the suspension of individual rights is necessary for the good of citizens,” he said. 

    https://platform.twitter.com/widgets.js

    According to Erich Pratt, Senior VP of Gun Owners of America, “The Governor’s actions are evil and tyrannical. GOA’s attorneys are already preparing a complaint. So heads up to the Governor: ‘We will see you in court.’

    https://platform.twitter.com/widgets.js

    Trial Balloon?

    Grisham’s move signals a new attack strategy by Democrats on the Second Amendment. We must remind readers ever since the ‘defund the police’ movement began several years ago, many Democratic-led cities have faced soaring crime rates. Failed social justice reform only sparked more violence, which may have been intentional to create a crisis and then offer a novel solution with even more gun control. 

    https://platform.twitter.com/widgets.js

    And this… 

    https://platform.twitter.com/widgets.js

    Democrats have faced gun control roadblocks ever since the US Supreme Court’s decision in New York State Rifle & Pistol Association Inc. v. Bruen in 2022, which hindered their ability to pass expansive laws restricting guns ever since.

    Now, the tactic is to use emergency orders to suspend rights – which police chiefs for both Albuquerque and Bernalillo Counties have said might be civil violations.

    Social media users on X weren’t pleased with the governor:

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    Remember the past.  

    https://platform.twitter.com/widgets.js

    Any bets on which Democrat governors will follow suit?

    https://platform.twitter.com/widgets.jshttps://platform.twitter.com/widgets.js

     

    Tyler Durden
    Sat, 09/09/2023 – 18:58

  • The Art Of The Lose-Lose Deal
    The Art Of The Lose-Lose Deal

    Authored by MN Gordon via Economic Prism,

    Has there ever been a worse time to be a lowly American wage earner?

    First, Washington spewed out $6 trillion in printing press money.  This pushed consumer price inflation to a 40 year high.  At the same time, it diluted wages from a standard lager to a pilsner light.

    Now, at this very moment, the demand for higher wages through union organization is leading to the mass culling of payrolls.  The higher wages go.  The less jobs will remain.

    Just last month, for example, Yellow Corp., a trucking company, filed for Chapter 11 bankruptcy protection.  Yellow CEO Darren Hawkins blamed the International Brotherhood of Teamsters for driving the company out of business.

    Teamsters General President Sean O’Brien pointed the finger at, “Yellow’s dysfunctional, greedy C-suite” for the company’s demise.  Adding, “They shamelessly pin their corporate incompetence on working people.”

    Who’s right?  Who’s wrong?  Who knows?

    What we do know is that some 30,000 workers are now looking for jobs.  For some of these truckers, losing their jobs at Yellow will be the best thing that ever happened to them.

    Maybe they’ll be compelled to learn a new skill.  One that demands higher compensation without the need for union strongarming.

    With some hard work and perseverance, they’ll come out far ahead of where working at Yellow ever got them.  They may be rewarded with fatter paychecks and greater satisfaction in their new endeavors.

    Others, however, will fall further behind.  Maybe they’ll take a job with a competitor at reduced income.  Maybe they’ll find themselves on the unemployment dole.

    Regardless, for millions of U.S. workers something’s got to give.  Incomes and the cost of living are at a significant mismatch.  And squaring the difference via credit cards is a dreadful solution.

    Expect the Unexpected

    The challenge for wage earners is that everything’s so doggone expensive these days.  The average gross annual wage income per full time employee in the U.S. is roughly $75,000.

    That may sound like a lot.  But it really doesn’t cut it.

    After factoring in federal and state income tax, social security and Medicare, $75,000 is eroded to about $57,000.  Then subtract 4 percent of gross (or $3,000) for 401k contribution and another 6 percent of gross (or $4,500) for health insurance premiums.  The $57,000 of after-tax income drops to just $49,000 in actual take home pay.  That comes to $4,125 per month.

    Now, subtract $2,000 for rent, $400 for a car payment, $100 for cell phone charges, $200 for gas, $300 for utilities, $800 for food, and you’re left with $325 to get through the month.  Buy the kids a pair of shoes and a couple of Happy Meals – or a round of puberty blockers – and the money is long gone.

    We recognize these numbers are gross generalizations.  In some American cities the costs will be more.  In others they will be less.  The point is a $75,000 income doesn’t get you very far these days.  That’s the reality Americans are facing.

    According to a recent study by SecureSave, 67 percent of Americans don’t have enough money saved to cover an unexpected expense.  However, unexpected expenses, as based on a broad spectrum of empirical evidence, should be expected.

    Inevitably a head gasket blows, a crown breaks, or the washer goes on the fritz.  Having savings set aside for expenses like these is essential.

    Work Less, Make More

    When wages fall short of expenses, the options for getting though the month are lacking.  The difference can be made up with credit card debt, which leads to bigger problems down the road.

    Another option available to wage earners is to take on a second job to boost their incomes.  Still, there are only so many hours in the day.

    Alternatively, families can downsize their lifestyles.  They can go on a beans and rice diet.  They can move into smaller apartments in seedy parts of town.

    If needed, several families can pile into the same residence.  The quality of life suffers.  But at least the bills are paid.

    Again, these options are lacking.  This is why promises of working less and making more are so, so appealing.

    Have you ever heard of Shawn Fain?

    We hadn’t heard of him until the Wall Street Journal published a special Labor Day article titled, Meet the Man Who Has Detroit on Edge.

    Fain, as we learned, is the 15th president of the United Auto Workers (UAW).  He recently took out incumbent Ray Curry and assumed office in March.

    Fain, a fan of ‘90s hip hop who carries one of his grandfather’s Chrysler pay stubs from 1940 in his pocket, has an incredible idea.  He wants auto workers to have a shorter, 32-hour workweek and a 46 percent wage increase.

    In fact, this is the deal he recently put forth as part of his negotiations of new labor contracts for about 146,000 hourly workers at General Motors, Ford Motor, and Stellantis (the global car company that now owns Jeep, Ram and Chrysler).

    The Art of the Lose-Lose Deal

    The existing contracts expire on September 14 – in less than a week.  According to Fain, if a deal isn’t reached by then, he’s ready to strike all three automakers at the same time.

    “‘How far are you willing to go to get the contract you deserve?’  Fain yelled to a roaring crowd at a recent rally, after walking on stage to Eminem’s ‘Not Afraid.’”

    Clearly, Fain knows exactly what he is doing.  Though, he may not get his intended result for the 146,000 hourly workers he represents.  He may get something much, much different than what he’s bargaining for.

    About a month ago, as part of his negotiating strategery, Fain made a public spectacle of throwing Stellantis’s bargaining proposals in the trash.  Fain said Stellantis was making “lowball” demands that are “a slap in the face” to union autoworkers.

    Two weeks later, UAW Vice President Rich Boyer revealed that Stellantis has threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.  Stellantis has yet to confirm or deny the move.

    As the clock ticks forward, the September 14 deadline is rapidly approaching.  With a unified strike of all three automakers, Fain and Boyer may get the ‘work less, make more’ deal they’re proposing.  They may even tout this as a big win.

    But who ultimately wins?  Not the UAW.  Not General Motors, Ford Motor, and Stellantis – at least initially.  But, rather, laborers in Mexico.

    Such are the sort of shabby lose-lose deals that union bosses and corporate executives must come to following an episode of extreme currency debasement.  An episode that is now only partially contained.

    At this rate, Detroit autoworkers – the ones that still have jobs – will soon find a 46 percent wage increase will be woefully insufficient.

    What will Fain and Boyer demand then?  What sort of discord and discontent will prevail?

    [Editor’s note: Is the Pentagon secretly provoking China to attack Taiwan?  Are your finances prepared for such madness?  Answers to these important questions can be found in a unique Special Report.  You can access a copy here for less than a penny.]

    Sincerely,

    MN Gordon
    for Economic Prism

    Tyler Durden
    Sat, 09/09/2023 – 18:30

  • Watch: A Confused Biden At G20 Butchers Saudi Crown Prince's Name
    Watch: A Confused Biden At G20 Butchers Saudi Crown Prince’s Name

    At the G20, The Associated Press and others took note of President Biden’s “hearty handshake” with Mohammed bin Salman after the lesser and more ambiguous fist bump ​​​​​​of over a year ago, which at the time was supposed to represent some degree of greater distance between the US and the Saudi crown prince, who has long stood accused of ordering the killing of journalist Jamal Khashoggi in 2018.

    “Biden warmly greeted Saudi Arabia’s de facto leader, Mohammed bin Salman, after they appeared together along with several other leaders at the Group of 20 summit Saturday in New Delhi. The leaders had gathered to announce an ambitious plan to build a rail and shipping corridor linking India with the Middle East and Europe,” the AP wrote. Smiles and warmth all around, as India’s Modi also draped his hand over the pair…

    Image source: AP

    But what the mainstream press has so far been largely silent about is the deeply awkward moment where Biden stumbled through the names of world leaders, and struggled to speak coherently while mumbling through some brief written remarks.

    While it would perhaps be funny and ironic if done on purpose (to shame Riyadh at a moment of continued tensions with Washington over oil output), he specifically butchered the name of Mohammed bin Salman.

    Watch as the US president—who is often dubbed in international press “the leader of the free world”—messes up not only the Saudi prince’s name but also mispronounces European Commission President Ursula von der Leyen’s name.

    https://platform.twitter.com/widgets.js

    One might say MbS certainly deserves it, but again it didn’t appear purposeful, and a flummoxed Biden soon after just seemed to give up in saying, “I wanted to… well maybe he is speaking today. I had a note he wasn’t speaking. Any rate, I’m gonna stop there.”

    Never mind the 2024 presidential election which is just around the corner, but how will Biden get through this G20 summit weekend in New Delhi? Things are off to a rough start.

    Meanwhile, The Daily Beast actually has this one correct (blind squirrel, nut etc)…

    https://platform.twitter.com/widgets.js

    Another important development has been the G20’s inability to produce a statement condemning Russia and its invasion of Ukraine. This was somewhat expected, but Biden has so far failed to rally allies especially among BRICS and global south countries.

    “Diplomats had been working furiously to draft a final joint statement in the lead-up to the summit but hit snags on language to describe the Ukraine war,” CNN observed Saturday. “The eventual compromise statement amounted to a coup for the summit’s host, Indian Prime Minister Narendra Modi, but still reflected a position far softer those the United States and its Western allies have adopted individually.”

    The section of the G20 declaration where the US, UK and Europe hoped to include more teeth failed to so much as mention Russia at all. “All states must refrain from the threat or use of force to seek territorial acquisition,” it reads. And the declaration added more mutedly: “there were different views and assessments of the situation.”

    Tyler Durden
    Sat, 09/09/2023 – 18:00

  • Trump Explains Why He Didn't Fire Fauci
    Trump Explains Why He Didn’t Fire Fauci

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    Dr. Anthony Fauci (R), then-director of the National Institute of Allergy and Infectious Diseases, and then-President Donald Trump participate in the daily coronavirus task force briefing at the White House in Washington on April 22, 2020. (Drew Angerer/Getty Images)

    Former President Donald Trump responded to questions about why he did not terminate the employment of former National Institute of Allergy and Infectious Diseases director Anthony Fauci amid the early onset of the COVID-19 pandemic.

    During an interview with radio host Hugh Hewitt, President Trump was asked about Dr. Fauci, who had been on the Trump pandemic response force, in 2020.  “First of all, you’re not allowed,” the former president said when asked why he didn’t fire him, which Mr. Hewitt said was the “biggest knock” on his presidency.

    “No, no, no, Dr. Fauci was there. First of all, he’s civil service, and you’re not allowed to fire him. But forget that because I don’t necessarily go by everything … but Dr. Fauci would tell me things, and I wouldn’t do them in many cases. But also, he wasn’t a big player in my administration,” President Trump said. “Dr. Fauci became a big player in the administration of Biden. He’s a very big player in Biden’s administration.

    The former president has received some criticism—namely from Florida Gov. Ron DeSantis—for not firing Dr. Fauci, who ultimately became a controversial figure during the pandemic for his often dire predictions about the course of the virus. The former public health official also often recommended people wear masks, get the vaccines, and defended COVID-19-related lockdowns and stay-at-home orders.

    In response to President Trump’s comments this week, Mr. DeSantis dismissed the former president’s arguments that he couldn’t fire him. He said that President Trump’s comment differs from the ones he gave about Dr. Fauci in the past.

    “It’s important to point out for a long time that was not his excuse,” Mr. DeSantis told the Rubin Report on Wednesday. “His excuse had been that if you fired Fauci, both the Democrats and the media would have pitched a fit, which, of course, is 100 percent true.”

    “But that’s the price of leadership. You got to stand up and do what’s right,” the governor continued to say. “Clearly, he could have been fired from the White House Task Force. There was no obligation to run him out at press conference after press conference, have him doing media interviews.”

    During the pandemic, Mr. DeSantis grew a national profile for ending COVID-19 lockdowns early and reopening businesses while also backing laws that would prevent vaccine or mask mandates, or any new lockdowns. However, like other governors around the United States, Mr. DeSantis in March 2020 ordered a statewide lockdown due to the virus before he rescinded it several months later.

    “During the height of the COVID stuff in 2020, Fauci would do local hits in Florida media attacking me for having schools open and some of these other stuff,” he told the Rubin Report. “So, there was no obligation to do that. I think you could have also fired him from NIH because he had basically committed misconduct with the gain of function [research].”

    Florida Gov. Ron DeSantis speaks at a press conference on the dismissal of 9th Judicial Circuit Florida prosecutor Monique Worrell in Tallahassee, Fla., on Aug. 9, 2023. (Ron DeSantis/Screenshot via The Epoch Times)

    But President Trump said that Mr. DeSantis “shut down Florida,” and the state “was tight as a drum.” He added: “He had vax lines. He was vaxxing everything. Now, he talks about the vaccinations this and that.”

    And let me tell you the other thing. I will send you, after this conversation, five articles about how much he loves Dr. Fauci,” he continued. “‘I do what Dr. Fauci says. This is Ron DeSantimonious. I do what Dr. Fauci says.’ That’s what he says. And I’ve got the articles here. But he doesn’t like to go back.”

    The spat over Dr. Fauci, who stepped down from his federal government positions in late 2022, comes as some hospitals, schools, and businesses have reinstated mask mandates. In a Thursday news conference, the Florida governor announced that there won’t be any new mandates in his state, reiterating a prior stance he has taken.

    The former president added: “To every covid tyrant who wants to take away our freedom, hear these words: we will not comply, so don’t even think about it. We will not shut down our schools; we will not accept your lockdowns; we will not abide by your mask mandates; and we will not tolerate your vaccine mandates.

    “Even today, parts of our country are forcing children to wear masks in the classroom,” Mr. DeSantis told the news conference. “Those mandates are [dead on arrival’ in Florida, and we will protect parents and children from this perpetual COVID hysteria.”

    As for President Trump, he released a video several days ago saying that Americans should “not comply” with any lockdowns, mandates, or other COVID-19 rules.

    The left-wing lunatics are trying very hard to bring back COVID lockdowns and mandates with all of their sudden fearmongering about the new variants that are coming,” he said. “Gee whiz, you know what else is coming? An election.

    The former president continued: “To every COVID tyrant who wants to take away our freedom, hear these words: we will not comply, so don’t even think about it. We will not shut down our schools; we will not accept your lockdowns; we will not abide by your mask mandates; and we will not tolerate your vaccine mandates.

    Tyler Durden
    Sat, 09/09/2023 – 17:30

  • Rand Paul Blasts Pentagon For Role In Niger, Demands To Know How Many Boots On Ground
    Rand Paul Blasts Pentagon For Role In Niger, Demands To Know How Many Boots On Ground

    Sen. Rand Paul has sent a letter to Defense Secretary Lloyd Austin demanding to know more about the Pentagon’s role in Niger, which recently underwent a coup wherein Niger’s US-trained military overthrow the democratically elected US-backed president

    Naturally, the senator from Kentucky has some questions. The letter was sent Tuesday and subsequently obtained by Politico. Among Paul’s chief aims is to assess just how many American troops are still in Niger, which is now being ruled by a junta, which includes Brig. Gen. Moussa Salaou Barmou, who received training by elite US forces.

    Under what authorities, and or what purpose did U.S. forces provide training to Moussa Salaou Barmou or any other Nigerien forces and coup leaders who overthrew President Mohamed Bazoum,” Paul asked in the letter.

    Right: Brig. Gen. Moussa Salaou Barmou

    He’s further demanding to know which specific Niger forces were beneficiaries of US security aid and support, and where US-supplied equipment went.

    “Is the Department of Defense concerned that any current recipients of funds, training, equipment or other kinds support … is currently engaged in human rights violations or engaged in human rights violations in the last ten years,” Paul wrote.

    The stakes couldn’t be higher, given the potential for broader regional war with foreign forces (including the French) in the middle, as Responsible Statecraft’s Kelly Vlahos points out:

    There are 1,016 U.S. troops still in Niger — a virtual powderkeg of political and military unrest since an armed junta overthrew its president and locked him and his family in the basement of the government palace in late July.

    As a result, regional governments under the banner of ECOWAS (Economic Community of West African States) is threatening to intervene militarily until the still-imprisoned leader is restored to office. The coup leaders have responded by rallying the people to their cause, as well as other armed juntas in the region.

    Below are a couple more pointed questions from the letter, which seem to allude remotely to the recent Afghan pullout fiasco:

    How many countries is the U.S. military operating in under the 2001 AUMF? How many are operating under Sections 333 and 127e of the U.S Code, and who specifically is receiving aid and training in those countries? How much money went to Niger?

    Aside from the tragic deaths of four American soldiers in October 2017 in an ambush, how many service members have come under fire in Niger since 2013? Under what authorities are being used to keep a U.S. military footprint there now?

    It should be noted that coup leaders like Brig. Gen. Barmou weren’t just trained by the Pentagon in Africa, but in his case he attended military schooling at Fort Benning, Georgia and the National Defense University in Washington, D.C.

    “As citizens of a Constitutional republic,” Sen. Paul concluded in his letter, “Americans must be informed of hostilities involving the Armed Forces so that the people can participate in national debates over war and peace.”

    Tyler Durden
    Sat, 09/09/2023 – 17:00

  • ICC Lead Prosecutor: We Will Prosecute Cyber 'War Crimes'
    ICC Lead Prosecutor: We Will Prosecute Cyber ‘War Crimes’

    Authored by Connor Freeman via The Libertarian Institute, 

    In an article published last month in Foreign Policy Analytics, Karim Khan – the lead prosecutor at the International Criminal Court (ICC), based in the Hague – declared that his office will now be investigating and potentially prosecuting “war crimes” committed in cyberspace. This comes after Joe Biden ordered his administration to begin sharing evidence of alleged Russian war crimes committed in Ukraine with the ICC.

    Khan wrote that his office will investigate cyber crimes that possibly violate the Rome Statute. “Cyber warfare does not play out in the abstract. Rather, it can have a profound impact on people’s lives… Attempts to impact critical infrastructure such as medical facilities or control systems for power generation may result in immediate consequences for many, particularly the most vulnerable. Consequently, as part of its investigations, my Office will collect and review evidence of such conduct.”

    On Thursday, Washington and London sanctioned 11 people allegedly affiliated with Trickbot, a Russian hacking group accused of targeting businesses and government infrastructure, as well as hospitals, during the coronavirus pandemic. A US Treasury statement describes the individuals as “key actors involved in management and procurement” for Trickbot, which is claimed to be connected with Russian intelligence.

    Lindsay Freeman – the director of technology, law, and policy at Berkely’s Human Rights Center – explained that the ICC’s remit extends beyond hackers themselves to the command structure above them, which could lead to charges against higher level military officers or Russian President Vladimir Putin himself. The ICC issued an arrest warrant for Putin, he has been accused of kidnapping, and unlawfully deporting to Russia, thousands of Ukrainian children as well as teenagers.

    According to a report in Wired, Khan’s office confirmed the new cybercrime mandate with the outlet. “The Office considers that, in appropriate circumstances, conduct in cyberspace may potentially amount to war crimes, crimes against humanity, genocide, and/or the crime of aggression.” The spokesperson continued, “…such conduct may potentially be prosecuted before the Court where the case is sufficiently grave.”

    Disinformation, vaguely defined, is listed as one of Khan’s concerns in his article, “We are likewise mindful of the misuse of the internet to amplify hate speech and disinformation, which may facilitate or even directly lead to the occurrence of atrocities.” He suggests the ICC could prosecute people for leaking confidential information as well, writing “disinformation, destruction, the alteration of data, and the leaking of confidential information may obstruct the administration of justice at the ICC and, as such, constitute crimes within the ICC’s jurisdiction that might be investigated or prosecuted.”

    It is noted, in the Wired report, that Kiev is currently conducting its own investigation into Russian “war crimes carried out via cyberattacks.” Evidence collected as part of the Ukrainian government’s investigation could also be provided to the ICC’s prosecutors to assist with their cases.

    Regarding the legal precedent, Bobby Chesney – director of the Strauss Center for International Security and Law at the University of Texas Law School – says “I don’t think anyone who’s serious about international law would dispute that there are at least some circumstances in which intentional harm to civilians can be carried out through cyber means in a way that qualifies as an attack” that violates the Rome Statute’s principle that warring parties distinguish between military targets and civilians. Neither Russia, Ukraine, nor the United States, are parties to the Rome Statute.

    Last June, Gen. Paul Nakasone, the head of US Cyber Command, revealed to Sky News that Washington has been aiding Ukraine by conducting “offensive” cyber-attacks against Russia. Nakasone said the US has “conducted a series of operations across the full spectrum; offensive, defensive, information operations” aimed at Russia, without offering more details.

    Ukraine formally joined the North Atlantic Treaty Organization’s Cyber Defense Center earlier this year. Biden has previously warned that cyber conflicts are liable to start a real war with Russia and China. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence of a cyber breach of great consequence.”

    As with the United States, Russia is not a member of the ICC and does not recognize the court. In 2002, President George W. Bush signed into law the American Servicemembers’ Protection Act, also known as the “Hague Invasion Act.” The bipartisan legislation goes as far as to authorize military action against the Netherlands – a fellow founding member of NATO – to prevent US officials and military personnel accused of war crimes from facing accountability before an international tribunal.

    During the Donald Trump administration, the US sanctioned ICC officials for attempting to investigate American war crimes committed in Afghanistan. Former Secretary of State Mike Pompeo charged the court is an “unaccountable political institution masquerading as a legal body.”

    Tyler Durden
    Sat, 09/09/2023 – 16:30

  • Fired NYC Teachers Who Refused Vaccine To Be Reinstated With Back Pay: Judge
    Fired NYC Teachers Who Refused Vaccine To Be Reinstated With Back Pay: Judge

    A New York state judge on Wednesday ruled that 10 employees fired by the NYC Department of Education for refusing the Covid-19 vaccine must be reinstated with back pay.

    Protesters rally against vaccine mandates in New York City on Nov. 20, 2021. (Stephanie Keith/Getty Images)

    In his ruling, State Supreme Court Judge Ralph J. Porzio found that the city acted illegally when it denied religious exemptions to certain city teachers – who went to Children’s Health Defense to sponsor a lawsuit against the department following failed attempts to claim religious accommodation for the mandate.

    “This Court sees no rational basis for not allowing unvaccinated classroom teachers in amongst an admitted population of primarily unvaccinated students,” wrote Porzio, adding “As such, the decision to summarily deny the classroom teachers amongst the Panel Petitioners based on an undue hardship, without any further evidence of individualized analysis, is arbitrary, capricious, and unreasonable. As such, each classroom teacher amongst the Panel Petitioners is entitled to a religious exemption from the Vaccine Mandate.”

    Porzio also slammed the city’s assertion that allowing teachers religious exemptions would place undue hardship on the city, calling the claim “arbitrary, capricious, and unreasonable.”

    In the order, he granted relief to 10 plaintiffs who completed the administrative steps to request an exemption. He denied relief to six plaintiffs because they did not complete the administrative process.

    As part of his ruling, Judge Porzio made reference to Mayor Eric Adams’s lifting of a vaccine mandate for some private employees in 2022, notably celebrities and athletes. He said the decision was evidence that the mandate for public workers was done on an arbitrary basis.

    New York City imposed a COVID-19 vaccine mandate for all Department of Education workers that started on Oct. 1, 2021, and lasted until Feb. 10, 2023. Reports indicated that thousands of workers, teachers, and other staffers lost their jobs for not adhering to the mandate. –Epoch Times

    An attorney for the plaintiffs, Sujata Gibson, said that they have been “fighting for this since August of 2021 for these 10 people specifically. And we won and we won big for them,” adding “They were reinstated with back pay, with no break in service, and attorneys’ fees. That’s huge.”

    “The judge’s ruling yesterday, while not everything we wanted, is a precedent-setting victory, and a watershed moment in the teachers’ fight,” she added, noting that thousands of other unvaccinated workers were similarly denied a religious exemption, and can now sue the city based on this new precedent.

    Gibson added that another class action lawsuit may be in the cards.

    “The court’s ruling on class certification still leaves the door open to future relief for thousands of teachers negatively affected by the vaccine requirement,” she said, adding “We intend to file a motion of reconsideration on a narrower basis.”

    It comes months after a lawyer for another group of fired, unvaccinated New York City teachers claimed that Mayor Eric Adams’s administration blacklisted employees who refused to get the vaccine with a special code.

    “Loosely speaking, it is like a scarlet letter,” lawyer John Bursch told the New York Post earlier this year. “The employee’s personnel file shows a [generic] problem code that could just as easily be [for] committing a crime as declining to take a vaccine for religious reasons. In some instances, when plaintiffs tried to obtain employment elsewhere, they were told that they were red-flagged because of the problem code,” he said. -Epoch Times

    NYC Mayor Eric Adams rescinded the vaccine mandate for workers earlier this year, allowing some 1,700 fired workers to reapply for their jobs (without back pay or retroactive full benefits).

    Tyler Durden
    Sat, 09/09/2023 – 16:00

  • Zelensky On Starlink-Gate: Musk "Committing Evil" & Driven By "Big Ego"
    Zelensky On Starlink-Gate: Musk “Committing Evil” & Driven By “Big Ego”

    Update(1640ET): Amid the continuing controversy over Elon Musk having previously made the decision to block Kiev from utilizing Starlink satellites to attack Crimea, Zelensky’s office has lashed out in what we might call a “bite the hand that feeds you” moment.

    Musk “committed” and “enabled evil” by denying the ability of Kiev to launch massive drone attacks on Crimea last year, Mikhail Podoliak, a senior aide to President Zelensky said Friday. Somewhat ironically, he wrote this charge on the Musk-owned platform X. Here’s what he said, framing the most hard-hitting lines suggesting Musk is doing “evil”… awkwardly in the form of a question (likely fearing Musk could at any time switch off Ukraine’s Starlink comms altogether):

    “Sometimes a mistake is much more than just a mistake,” Podoliak wrote. “By not allowing Ukrainian drones to destroy part of the Russian military (!) fleet via Starlink interference, Elon Musk allowed this fleet to fire Kalibr missiles at Ukrainian cities.”

    “As a result, civilians, children are being killed. This is the price of a cocktail of ignorance and big ego. However, the question still remains: why do some people so desperately want to defend war criminals and their desire to commit murder? And do they now realize that they are committing evil and encouraging evil?”

    https://platform.twitter.com/widgets.js

    To recount, Musk has pointed out amid an avalanche of mainstream media “outrage” that—

    “The obvious intent being to sink most of the Russian fleet at anchor,” he wrote on X, formerly known as Twitter.

    “If I had agreed to their request, then SpaceX would be explicitly complicit in a major act of war and conflict escalation.”

    But to Zelensky and his aides, this is “evil” apparently. We wonder what’s next in this saga. Some online are going so far as to call for the US government to “nationalize” SpaceX’s systems which pertain to Ukraine…

    https://platform.twitter.com/widgets.js

    * * *

    Since Elon Musk has apparently become Donald Trump – in that any lie/twist/gaslighting will do to further the narrative, no matter how false it is known to be – last night saw the mainstream media overwhelmed with circle-jerk-justified accusations that Musk meddled in the Ukraine-Russia war to stop a Zelenskyy-driven offensive (that likely would have turned the war and hailed victory ticker-tape parades up and down Kiev’s streets).

    Ok, admittedly that last bit was out hyperbole; but given a quick read of headlines from CNN and NBC, we could be forgiven for this view.

    Elon Musk secretly ordered his engineers to turn off his company’s Starlink satellite communications network near the Crimean coast last year to disrupt a Ukrainian sneak attack on the Russian naval fleet, according to an excerpt adapted from Walter Isaacson’s new biography of the eccentric billionaire titled “Elon Musk.”

    As Ukrainian submarine drones strapped with explosives approached the Russian fleet, they “lost connectivity and washed ashore harmlessly,” Isaacson writes.

    NBC led with the following headline: Ukraine is furious with Elon Musk for thwarting an attack on Russia’s navy

    Tech billionaire Elon Musk has come under fire from Ukraine after it emerged he thwarted a major attack on the Russian navy.

    According to excerpts published by CNN, a soon-to-be-released biography of the SpaceX CEO claims that Musk secretly ordered his engineers to turn off his Starlink satellite network over Russian-occupied Crimea last year in order to prevent a Ukrainian drone attack on Russia’s naval fleet.

    https://platform.twitter.com/widgets.js

    The mainstream media did not have to look too far to find someone willing to denigrate Musk:

    Mykhailo Podolyak, an adviser to President Volodymyr Zelenskyy, blasted the tech billionaire on X, formerly Twitter, which Musk owns.

    “Sometimes a mistake is much more than just a mistake,” Podolyak wrote.

    “By not allowing Ukrainian drones to destroy part of the Russian military (!) fleet via #Starlink interference, @elonmusk allowed this fleet to fire Kalibr missiles at Ukrainian cities,” he added.

    “As a result, civilians, children are being killed,” Podolyak said.

    “This is the price of a cocktail of ignorance and big ego. However, the question still remains: why do some people so desperately want to defend war criminals and their desire to commit murder? And do they now realize that they are committing evil and encouraging evil?”

    Isaacson quotes Musk at the time as questioning “How am I in this war?”

    “Starlink was not meant to be involved in wars. It was so people can watch Netflix and chill and get online for school and do good peaceful things, not drone strikes.”

    Couple quick questions – how would Musk know – pre-emptively – of the attack, and choose to disable Starlink? Is his intel better than Putin’s; better than the CIA’s?

    The spin here is utterly mind-blowing.

    In fact, according to Musk – who responded to the accusations on X, the details are the exact opposite to how CNN described them…

    In fact, Musk NEVER turned Starlink on in those controversial border zones – for exactly this reason, as he feared using this technology near borders could prompt an escalation in the war.

    https://platform.twitter.com/widgets.js

    In fact, Musk did not ‘turn Starlink off’ but refused to ‘turn Starlink on’ for Ukraine’s offensive.

    https://platform.twitter.com/widgets.js

    Which makes more sense to you – the richest man in the world unilaterally switching off internet access to pre-emptively thwart a secret attack by Ukraine on Russia in a Blofeld-esque move? Or the CEO of a major communications company refusing to enable his technology to be used to escalate a war that could well lead to armageddon?

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Sat, 09/09/2023 – 15:55

  • Rail Volumes Fall For Third Straight Month In August
    Rail Volumes Fall For Third Straight Month In August

    By Carolina Worrell of Railway Age

    “August was the third straight month in which total year-over-year U.S. rail carloads have fallen,” Association of American Railroads (AAR) Senior Vice President John T. Gray reported on Sept. 6. Total combined U.S. traffic for the first 35 weeks of 2023 was 16,173,208 carloads and intermodal units, a decrease of 4.9% compared to last year.

    Gray said that a major reason why is that “other than automotive manufacturing, the industrial economy, in recent months, has not been doing as well as other areas of the economy. Until industrial activity, and especially manufacturing recovers, rail volumes in many key markets could remain constrained.”

    According to AAR, U.S. Class I railroads for the first eight months of 2023 hauled a total of 7,852,770 carloads, up 0.0%, or 3,625 carloads, from the same period last year; and 8,320,438 intermodal units, down 9.2%, or 838,829 containers and trailers, from last year.

    U.S. railroads originated 1,133,375 carloads in August 2023, down 2.0%, or 23,323 carloads, from August 2022. U.S. railroads also originated 1,239,290 containers and trailers in August 2023, down 6.3%, or 83,717 units, from the same month last year. Combined U.S. carload and intermodal originations in August 2023 were 2,372,665, down 4.3%, or 107,040 carloads and intermodal units from August 2022.

    In August 2023, nine of the 20 carload commodity categories tracked by the AAR each month saw carload gains compared with August 2022. These included: motor vehicles and parts, up 9,374 carloads or 13.6%; petroleum and petroleum products, up 5,567 carloads or 12.9%; and primary metal products, up 1,792 carloads or 4.6%. Commodities that saw declines in August 2023 from August 2022 included: grain, down 22,064 carloads or 22.9%; coal, down 9,754 carloads or 2.8%; and pulp and paper products, down 2,334 carloads or 10.2%.

    Excluding coal, carloads were down 13,569 carloads, or 1.7%, in August 2023 from August 2022. Excluding coal and grain, carloads were up 8,495 carloads, or 1.2%.

    Week 35 (Ending September 2, 2023)

    Total U.S. weekly rail traffic was 476,851 carloads and intermodal units, down 5.4% compared with the same week last year

    Total carloads for the week ending September 2 were 231,113 carloads, down 1.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 245,738 containers and trailers, down 8.7% compared to 2022.

    North American rail volume for the first 35 weeks of the year (ending Sept. 2) on 10 reporting U.S., Canadian and Mexican railroads totaled 337,338 carloads, down 0.1% compared with the same week last year, and 328,232 intermodal units, down 9.9% compared with last year. Total combined weekly rail traffic in North America was 665,570 carloads and intermodal units, down 5.2%. North American rail volume for the first 35 weeks of 2023 was 22,675,055 carloads and intermodal units, down 4.1% compared with 2022.

    Five of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included motor vehicles and parts, up 2,274 carloads, to 16,073; metallic ores and metals, up 1,968 carloads, to 22,786; and chemicals, up 1,889 carloads, to 32,942. Commodity groups that posted decreases compared with the same week in 2022 included coal, down 4,408 carloads, to 68,598; grain, down 4,403 carloads, to 14,961; and nonmetallic minerals, down 1,219 carloads, to 32,305.

    Canadian railroads reported 89,904 carloads for the week, up 2.2%, and 72,134 intermodal units, down 14.6% compared with the same week in 2022. For the first 35 weeks of 2023, Canadian railroads reported cumulative rail traffic volume of 5,519,818 carloads, containers and trailers, down 3.3%.

    Mexican railroads reported 16,321 carloads for the week, up 9.2% compared with the same week last year, and 10,360 intermodal units, down 3.5%. Cumulative volume on Mexican railroads for the first 35 weeks of 2023 was 982,029 carloads and intermodal containers and trailers, up 5.1% from the same point last year.

    Tyler Durden
    Sat, 09/09/2023 – 15:30

Digest powered by RSS Digest

Today’s News 9th September 2023

  • The New Authoritarian Agenda Revealed (Globalism Rebranded)
    The New Authoritarian Agenda Revealed (Globalism Rebranded)

    From Brandon Smith

    In July of last year as the hype surrounding the Covid pandemic was finally dying out, I came across a video promoting a barely publicized project called the “Council for Inclusive Capitalism.”

    The group, headed by Lynn Forester de Rothschild, is the culmination of decades of various globalist agendas combined to represent the ultimate proof of conspiracy.

    Remember when people used to say that global governance by elitists was a paranoid fantasy?

    Well, now it’s openly admitted reality.

    The CIC is intimately tied to institutions like the World Economic Forum (WEF), the United Nations and the International Monetary Fund (IMF), but it is primarily an attempt to link all these organizations more closely to the corporate world in an open display of cooperation. The group pushes the spread of what they call “Stakeholder Capitalism.” This is the notion that international corporations are obligated to engage in social engineering. That’s another way of saying that corporations are required to manipulate citizens and governments with economic punishments and rewards.

    We witnessed this agenda in action during the Covid lockdowns and the rush to enforce vaccine passports. These efforts would not have been possible without the cooperation of major corporate chains working hand-in-hand with national governments. Luckily, the strategy failed as local governments and the public fought back.

    We have also seen stakeholder capitalism on display in the push for Environmental, Social and Governance (ESG) guidelines among major companies. Most readers are probably familiar with ESG at this point, but keep in mind, the public was oblivious to the terminology until the past 2 years. Globalists have been developing ESG rules since 2005. As Klaus Schwab of the WEF notes in his book Stakeholder Capitalism:

    The most important characteristic of the stakeholder model today is that the stakes of our system are now more clearly global. Economies, societies, and the environment are more closely linked to each other now than 50 years ago. The model we present here is therefore fundamentally global in nature, and the two primary stakeholders are as well.

    …What was once seen as externalities in national economic policy making and individual corporate decision making will now need to be incorporated or internalized in the operations of every government, company, community, and individual. The planet is thus the center of the global economic system, and its health should be optimized in the decisions made by all other stakeholders.

    The carrot and the stick

    ESG was intended to be the tool that globalists and governments would use to force companies into the stakeholder capitalism model. It is a kind of social credit system, but for companies. The higher a company’s ESG score, the more access to capital and lending they would have (easy money).

    Modern ESG started out in 2005, initially focused on climate controls – influencing corporations to participate in the carbon credit marketplace or face additional taxation.

    But, by 2016 it became something else. ESG widely adopted woke politics including Critical Race Theory, feminism, trans ideology, various elements of Marxism, etc.

    This was the modern ESG that all of us are aware of today. It was an attempt to incentivize the business world to bombard the populace with woke messaging 24/7, and it worked, for a little while anyway.

    The exposure of ESG is perhaps one of the greatest triumphs of the alternative media. It was proof that the “woke-ification” of our economy and society was not the result of some grassroots activist movement or the natural evolution of civilization. No, everything woke was a product, forced into existence by corporate and globalist interests.

    It is with some disappointment I’m sure that Lynn Forester de Rothschild admitted the defeat of ESG at the B20 Summit in India recently. Though, as is usually the case, Rothschild admits that the goal will be to replace the term “ESG” with something else that the public is not as privy to while continuing to institute social credit scoring for companies as a means to dominate them.

    It is typical for globalists to re-brand their projects whenever they get exposed. It’s merely a way to throw the public off the scent. However, I don’t think this tactic is going to work anymore. Researchers are locked on to the ESG dynamic and changing the name will not help the establishment avoid scrutiny.

    Globalists go on the defensive

    I want to point out here that there has been a dramatic shift in globalist circles towards a defensive posture, rather than the offensive posture they held a couple years ago. Apparently, something went very wrong for them during Covid. They were brazen with their rhetoric not long ago, basically admitting their intentions to establish a global authoritarian system. Now they are sheepish and much more careful in the things they say.

    To this end, most of the honest discussion on globalism is no longer found in the statements of the WEF or the halls of the Davos forums. Rather, the true agenda is discussed at less prominent climate change events such as B20 in India or the Summit for a New Global Financing Pact in Paris which I covered in July. These are the events where globalists now feel increasingly free to talk about what they really want.

    Another admission by Rothschild at B20 should be noted as she suggests that Biden’s “Inflation Reduction Act” is one of the best representations of incentivizing climate controls.

    This just confirms what we already suspected; the Inflation Reduction Act had nothing to do with inflation. Rather, it was a way to divert taxpayer funds into government subsidies for carbon taxation and green tech. Taking money out of your pocket and handing it over to corporations who toe the ESG line.

    The CIC wants to dictate global mandates that force companies to adopt ESG-like policies using trillions of dollars in climate funds ($7 trillion per year, to be exact).

    Think of it this way:

    1. Any company that “volunteers” to use less efficient green tech and to promote climate ideology gets access to government funds – they get rewarded.

    2. Any company that refuses to go along with the plan will ultimately face heavy taxation while trying to compete with their subsidized peers – they are forced out of business.

    Sound familiar? It’s not your imagination…

    This is, essentially, the early stages of a global communist/collectivist economic regime.

    “Inclusive capitalism” is a hoax

    And here we get to the crux of the issue.

    • There is no “inclusive capitalism.”

    • There is no “stakeholder capitalism.”

    • There is no “ESG.”

    • Climate change is not an existential threat.

    • Covid was never as severe as they wanted you to think.

    What do these things have in common? All of these issues represent smoke and mirrors, a way to distract the populace from the root intent to create total centralization in the hands of a select few elites. The prize for them is to convince the public to embrace economic micromanagement. This is what ESG was all about. This is what Inclusive Capitalism is all about.

    The globalists want to hand-pick winners and losers. Worse still, they want to use your money to reward the faithful and punish the skeptical. Their goal is to build a global economic panopticon, an unescapable prison where every transaction is monitored, evaluated, authorized or denied and (of course) recorded.

    central bank digital currency (CDBC) is a crucial milestone in their progress toward this goal. Just imagine how much easier this will be when the 100 or so largest, most influential corporations in the world are on-board and enthusiastic about such a development…

    I wrote about this not long ago:

    All privacy in trade will be gone, except for those people engaging in barter, black markets and commodity-based transactions. This is one of the main reasons global central banks have persistently killed the idea of intrinsically-sound money, like physical gold and silver, for the last 50 years. Remember, barter and black markets are more or less by definition off the books. Untaxed, unregulated and untrackable.

    But don’t be misled – this is much more than an issue of privacy.

    Implementation of CBDCs would also mean that ownership of money and the ability to transact, to participate in the economy, will become privileges, not rights.

    In communist China, use of digital payments is tied to a social credit system. Want access to your checking and savings accounts? Better not say anything critical of the Party, or you could be reported by a neighbor (or a stranger) using the tattletale function on their smartphone. Digital money can disappear in seconds. Want your money back? Prove that you are “loyal” to the Party. There are many subtle levels between “upstanding citizen” and “outlaw,” though, and the CCP adjust their citizens’ financial statuses constantly. Bad social credit might mean taxis won’t even stop for you. That you’re prevented from purchasing from upscale shops. (Insufficiently healthy? Your e-yuan won’t even let you buy junk food at 7-11. Seriously!) The citizen is guilty until proven innocent.

    Once the economy is locked into an ideological prison and access to private trade can be denied by a handful of bureaucrats working with corporations, the establishment then has the means to dictate all of society.

    Our behaviors, our beliefs, our principles, our morals.

    For if the government has the power to determine whether you and your family eat or starve, they have the power to compel you to do anything.

    This is why owning untraceable, intrinsically valuable physical precious metals is crucial to your own personal liberty. Today, now, while you still can, diversify your savings with an alternative form of money that will always be accepted, without question, anywhere in the world.

    There’s a reason the globalists hate gold and silver. They’re virtually the only financial assets you can own that are “off the books.” Just as untrackable as cash (they hate cash, too, but not as much) and, better yet, uninflatable, unhackable and free from central bank meddling.

    Fight the globalist agenda every step of the way. And make sure that, no matter what, you and your loved ones can endure their tyranny without compromising your beliefs.

    *  *  *

    High inflation means your 401(k) or IRA will be worth less, potentially much less, when you retire. Personally, I recommend a Gold IRA for the ultimate retirement security. To see why, Click here to get a FREE info kit from Birch Gold Group about Gold IRAs. (This comes with NO obligation or strings attached.)

    Tyler Durden
    Fri, 09/08/2023 – 23:40

  • The World Behind Bars
    The World Behind Bars

    El Salvador has the world’s highest prison population rate, according to data collected in the World Prison Brief by the Institute for Crime & Justice Policy Research (ICPR).

    The Central American country had 1,086 people serving jail sentences per 100,00 inhabitants in May 2022.

    As Statista’s Florian Zandt shows in the chart below, most countries with a high prisoner-to-inhabitant ratio are small and could be considered developing economies – with one major exception.

    Infographic: The World Behind Bars | Statista

    You will find more infographics at Statista

    This exception is the United States, which boasts a prison population rate of 531.

    Technically, the U.S. is featured not only once but thrice in the top 8, with American Samoa and Guam being unincorporated territories.

    Other big economies mainly feature drastically lower on the ICPR’s list.

    Notable exceptions to this rule include Turkey, Brazil and Russia, placing 12th, 13th and 26th, respectively.

    When looking at the data from the perspective of the overall prison population, the picture is markedly different. By this indicator, the United States comes first, followed by China, Brazil, India and Russia.

    Interestingly, all five current BRICS nations but only one G7 member are featured in the top 15.

    While the ICPR’s dataset allows comparisons between countries, the reporting timeframes for the official figures often differ wildly from nation to nation. Given this caveat, the data doesn’t support showing the situation at one specific set date.

    Tyler Durden
    Fri, 09/08/2023 – 23:20

  • House Education Chair Says Groups Like Moms For Liberty Face Daunting Task
    House Education Chair Says Groups Like Moms For Liberty Face Daunting Task

    Authored by Ben Sellers via Headline USA,

    Rep. Virginia Foxx, R-N.C., the chair of the House Committee on Education and the Workforce, said that despite recent victories in the clash against wokeness within the public education system, a daunting road lay ahead for grassroots groups like Moms for Liberty that have risen to combat the encroaching threats of classroom indoctrination and grooming.

    Virginia Foxx / IMAGE: Tony Perkins via YouTube

    Foxx touted the House’s passage in March of the Parents Bill of Rights Act, which currently sits stalled in the Senate Committee on Health, Education, Labor, and Pensions under chairman Bernie Sanders, I-Vt.

    The committee, stacked with firebrand progressives and wishy-washy RINOs, leaves the bill’s fate uncertain for the foreseeable future.

    However, in the event that the socialist Sen. Sanders were to bring it to the floor as written, the bill would mandate a newfound level of transparency, requiring that school boards provide clear information on their curricula and materials; budget and revenues; safety concerns; enrollment and transfer options; and a litany of red-flag behaviors related to staff, counselors and contractors.

    That, according to Foxx, is when the real work would begin.

    “All of this is going to entail tremendous involvement at the local level,” she said during an exclusive interview with Headline USA along with Brooke Weiss, the chair of the Mecklenburg County Moms for Liberty chapter. “… It’s going to be a sustained and focused kind of thing.”

    Friends and foes alike could count on Moms for Liberty to “keep showing up because we know we are fighting for the survival of America,” Weiss said in response to Foxx’s call to action.

    [Y]ou can bet we aren’t going anywhere,” she tweeted following the interview.

    “Moms for Liberty is 2½ years old, growing every day, and making major progress in restoring parental rights and improving public education,” she added. “We are successful because our mission is focused on a singular issue (education) & because we are able to mobilize people into real action.”

    https://platform.twitter.com/widgets.js

    Although the tendency among some—even conservatives—is to look to the government for solutions to solve the mess that decades of subversive Marxist influence and dark-money coercion have wrought in the school system, Foxx pointed out that this would be counterproductive at best.

    Anytime somebody tells me ‘I want a national something,’ I tell them don’t do it,” she noted in response to a question about a national book-rating system, which Moms for Liberty has endorsed.

    “It is the wrong way to go,” Foxx continued. “You put power in the hands of people far away from you—it is the most dangerous thing to do.”

    Rather than pivot too far in either direction, though, Foxx, 80—an 18-year congressional veteran who spent time previously in the North Carolina state legislature and as a sociology professor at Appalachian State University—took a more pragmatic outlook.

    She signaled that she did not, in principle, oppose the idea of abolishing the federal Department of Education, as some conservatives have called to do.

    If the Lord put me in charge, I’d get rid of everything,” she mused.

    Yet, she noted that when former President Ronald Reagan ran on a campaign of doing that very thing, he ultimately wound up strengthening it.

    The only solution, as she saw it, was to “devolve the money back to the states” and allow each individual jurisdiction to decide how best to spend its funding.

    Even so, that would not entirely addresss one of the biggest concerns facing schools, which is the influence of outside organizations seeking intentionally to politicize the local school agendas and infect them with controversial issues such as critical race theory and transgenderism.

    Foxx said she remained mystified by people—including the Democratic House colleagues with whom she is sometimes forced to find common ground—who would oppose common-sense measures like transparency and accountability for schools.

    “I don’t know what planet they grew up on,” she said. “… It’s truly amazing to me.

    Nonetheless, it is citizen–watchdogs like Weiss, she said, who have both the power and the responsibility to do what the most powerful government in the world cannot.

    Moms for Liberty has only continued to grow in its renown following a national summit in Philadelphia over the summer that featured former President Donald Trump and other luminaries.

    While the biggest storyline from the event may have been the Left’s violent and destructive protests outside of it—shortly after the parent group was labeled a “hate group” by the Southern Poverty Law Center, in collusion with the Biden administration—Weiss said that exposing the true colors of left-wing extremists ultimately left M4L looking all the better.

    In June, M4L co-founders Tiffany Justice and Tina Descovich offered Headline USA a defiant statement via email in reaction to the SPLC’s insults.

    “Empowering parents continues to be our mission today and that has fueled our organization’s growth—like wildfire to now 45 states in the country,” said the statement.

    Name-calling parents who want to be a part of their child’s education as ‘hate groups’ or ‘bigoted’ just further exposes what this battle is all about: Who fundamentally gets to decide what is taught to our kids in school—parents or government employees?” it continued. “We believe that parental rights do not stop at the classroom door and no amount of hate from groups like this is going to stop that.”

    Headline USA reached out to the group for additional reaction to Foxx’s recent remarks asking whether M4L was prepared for the “sustained and focused” fight ahead and will update with any response.

    Ben Sellers is the editor of Headline USA. Follow him at twitter.com/realbensellers.

     

    Tyler Durden
    Fri, 09/08/2023 – 23:00

  • Chinese Imports Of Iran Oil Soar To Near Record In Clear Breach Of US Sanctions
    Chinese Imports Of Iran Oil Soar To Near Record In Clear Breach Of US Sanctions

    Less than a month ago, we reported that according to Kpler estimates, China was expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the most since at least 2013.

    On Thursday, the latest China trade data confirmed just that when customs data revealed that China snapped up Iranian shipments, and state-owned processors ramped up operating rates after a period of maintenance work, in clear breach of US sanctions, soft as they may be, on Iranian oil purchases.

    China nation imported 52.8 million tons of crude oil last month, equivalent to 12.5 million barrels a day, 21% more than July, according to Bloomberg calculations. The monthly volume was near a record set in June 2020.

    Chinese purchases were driven by a binge on Iranian crude supplies, said Viktor Katona, lead crude analyst with Kpler ahead of data release, as offers from the Persian Gulf producer was “by far the most price-competitive option”. Additionally, imports were also driven by Chinese refiners’ re-stockpiling activity, he added.

    Importers were keen to buy discounted barrels from Russia and Iran in order to maximize profit margins from domestic and overseas fuel sales. State refiners were running at record rates in August, according to OilChem. A bumper exports quota issued last week means plants will keep their runs and inflows elevated in support for growth.

    Meanwhile, as noted earlier, Chinese oil products exports rose 11% to 5.89 million tons in August, the highest since February, as China aggressively ramped up its refinery output, in the process grabbing market share from Western processors crushed by idiotic, green and “woke” policies and regulations that seek to crush US fossil fuel industries and hand the market to China on a silver platter.

    Tyler Durden
    Fri, 09/08/2023 – 22:40

  • Government Gave Millions To Top Reproductive Health Org To Promote COVID-19 Vaccines To Pregnant Women
    Government Gave Millions To Top Reproductive Health Org To Promote COVID-19 Vaccines To Pregnant Women

    Authored by Megan Redshaw, J.D. via The Epoch Times (emphasis ours),

    The premier professional membership organization for obstetricians and gynecologists accepted $11.8 million from the Department of Health and Human Services (HHS) to promote COVID-19 vaccines to pregnant women, despite the exclusion of pregnant women from clinical trials and regulatory data showing the vaccine had not been tested for safety during pregnancy.

    (Marina Demidiuk/Shutterstock)

    To learn more about COVID-19 funding received by the American College of Obstetricians and Gynecologists (ACOG) during the pandemic and what prompted the organization’s guidance on COVID-19 vaccines for pregnant women, Dr. James Thorp, a board-certified obstetrician-gynecologist and maternal-fetal medicine physician made a Freedom of Information Act (FOIA) request in 2022 to HHS.

    My request was simple: It sought only to obtain documents involving the three ‘Cooperative Agreement’ grants HHS/CDC made to ACOG during the pandemic, one of which was for $11.8 million, listed on a publicly accessible open data source for federal spending, USASPENDING.gov,” Thorp told The Epoch Times.

    Documents obtained by Dr. Thorp show ACOG, on Feb. 1, 2021, was awarded the first of three cooperative agreement grants by HHS and the CDC. The receipt of COVID-19 grant money was contingent upon ACOG yielding substantial control over projects funded by the CDC to the agency and ACOG’s full compliance with CDC guidance on COVID-19 infection and control.

    “This is a cooperative agreement, and CDC will have substantial programmatic involvement after the award is made. Substantial involvement is in addition to all post-award monitoring, technical assistance, and performance reviews undertaken in the normal course of stewardship of federal funds,” the documents state.

    ACOG also agreed to allow the CDC program staff to “assist, coordinate, or participate in carrying out effort under the award.”

    The contracts further provided for the return of funding to the HHS if ACOG did not adhere to the federal government’s messaging that COVID-19 vaccines were safe and effective for pregnant women and new mothers.

    HHS Funds ‘Trusted Messengers’ to Increase Vaccine Confidence

    HHS, on April 1, 2021, launched the “COVID-19 Community Corps,” a “nationwide, grassroots network of local voices and trusted community leaders to encourage vaccinations,” with more than 275 founding member organizations, including ACOG, that had the “ability to reach millions of Americans.” An archived HHS webpage states the program provides resources and fact-based public health information through HHS in partnership with the CDC.

    As part of the multibillion-dollar program, Vice President Kamala Harris and Surgeon General Vivek Murthy met with founding members to discuss the next phase of the “public education campaign from the White House” to encourage vaccinations and increase vaccine confidence.

    Members received weekly updates on the “latest scientific and medical updates, talking points about the vaccine, social media suggestions, infographics, factsheets with timely, accurate information, and tools to help people get registered for an appointment and vaccinated.”

    As part of the COVID-19 Community Corps, HHS awarded billions of federal dollars to recruit what HHS referred to as ‘trusted community leaders’ who could push vaccines within our most private relationships,” Thorp said. “Much like modern-day trojan horses, these ‘trusted messengers’ would be unique in their ability to permeate all facets of private life.”

    ACOG Encourages Members to ‘Enthusiastically Recommend Vaccination’

    Former CDC Director Dr. Rochelle Walensky, on April 23, 2021, announced for the first time during a White House COVID-19 briefing the agency was recommending all pregnant women get vaccinated despite limited data on the safety of the shot, as pregnant women were not included in COVID-19 vaccine clinical trials.

    Dr. Walensky said her decision was based on preliminary findings published in The New England Journal of Medicine on the use of COVID-19 vaccines during the first 11 weeks of the vaccine rollout.

    We know that this is a deeply personal decision, and I encourage people to talk to their doctors and their primary care providers to determine what is best for them and for their baby,” Dr. Walensky said.

    ACOG, on July 30, 2021, along with the Society of Maternal Fetal Medicine (SMFM), began recommending COVID-19 vaccination in pregnancy.

    ACOG, founded in 1951, is the leading organization representing physicians and specialists in obstetrical care, with over 60,000 members. ACOG sets the standard of care for pregnant women and obstetrician–gynecologists generally follow the recommendations made by ACOG, just as pediatricians follow the recommendations of the American Academy of Pediatrics.

    The SMFM represents more than 5,500 individuals with additional years of formal training in maternal-fetal medicine, making them “highly qualified experts and leaders in the care of complicated pregnancies.”

    ACOG’s former president, Dr. J. Martin Tucker, in a statement on the organization’s website, encouraged members to “enthusiastically recommend vaccination” to their pregnant patients and to emphasize the “known safety of the vaccines and the increased risks of severe complications associated with COVID-19 infection, including death, during pregnancy.”

    It is clear that pregnant people need to feel confident in the decision to choose vaccination, and a strong recommendation from their obstetrician–gynecologist could make a meaningful difference for many pregnant people,” Tucker added. “Pregnant individuals should feel confident that choosing COVID-19 vaccination not only protects them but also protects their families and communities,” he added.

    Dr. William Grobman, president of SMFM, said experts in high-risk pregnancy should “strongly recommend” pregnant women get vaccinated and that vaccination is “safe before, during, or after pregnancy,” despite the absence of clinical trial data.

    Read more here…

    Tyler Durden
    Fri, 09/08/2023 – 22:20

  • Which US Cities Have The Highest Airbnb Densities?
    Which US Cities Have The Highest Airbnb Densities?

    With 3,329 Airbnb listings for an estimated 94,589 inhabitants, Asheville, North Carolina, has the highest Airbnb density out of all U.S. cities and regions analyzed by InsideAirbnb as of June 2023.

    The project, which scrapes publicly available data from Airbnb’s website, was founded by activist and artist Murray Cox and has seen contributions by data journalists and researchers.

    As Statista’s Florian Zandt shows in the chart below, based on InsideAirbnb data, popular tourist spots don’t always have the highest amount of rental listings per 1,000 inhabitants.

    Infographic: Which U.S. Cities Have High Airbnb Densities? | Statista

    You will find more infographics at Statista

    As we detailed previously, New York City, for example, recently passed Local Law 18, which requires short-term rental businesses to register with the city, limits guests per property to two and requires the owners to live in the space they’re renting out. In practice, this scales back a booming business model rivaling hotels to an approximation of a paid version of traditional couch surfing.

    A lawsuit by Airbnb to prevent the law was dismissed in August. Interestingly, New York City only has a density of 4.9 Airbnb listings per 1,000 residents.

    Another hot spot for domestic tourists that recently made the news due to devastating wildfires, the island state of Hawaii, ranks much higher in comparison. On all of the islands combined, the ratio of listings by 1,000 inhabitants stands at 22.4. Other popular tourist destinations analyzed include Los Angeles (11.4 listings per 1,000 inhabitants), Broward County (9.1), San Francisco (8.5) and Clark County, which includes Las Vegas (6.9).

    While InsideAirbnb provides details of the prevalence of Airbnb listings in selected cities and regions, it can only show part of the whole picture. The overall importance of the U.S. market for Airbnb can be seen in the company’s financial results. In 2022, $4.2 billion of the vacation rental provider’s total revenue of $8.4 billion was generated in North America, $3.9 billion of which was in the United States. The EMEA region was responsible for $2.9 billion, while the company generated $643 million and $622 million in Latin America and Asia-Pacific, respectively.

    Tyler Durden
    Fri, 09/08/2023 – 22:00

  • A Deeper Dive Into The Role Of Spike Protein In Myocarditis And Blood Clotting After COVID-19 Vaccination
    A Deeper Dive Into The Role Of Spike Protein In Myocarditis And Blood Clotting After COVID-19 Vaccination

    Authored by Allison Kruig, MPH and Dr. Ram Durlseti via The Epoch Times (emphasis ours),

    In this series, “Promise or Peril: Alarming COVID-19 mRNA Vaccine Issues,” we explore how the introduction of mRNA technology lacked an adequate regulatory framework, setting the stage for serious adverse events and other concerns related to inadequate safety testing of lipid nanoparticles, spike protein, and residual DNA- and lipid-related impurities, as well as truncated/modified mRNA species.

    Previously: In Part 1, we introduced how the U.S. Food and Drug Administration (FDA) relaxed the rules for mRNA vaccines compared to mRNA therapies and discussed the available data regarding LNP distribution throughout the body based on animal testing, the fact that human testing was not done, and the lack of mRNA or spike protein biodistribution data. In Parts 2 and 3, we explored how the LNPs are constructed and how they behave in the body and affect health.

    (Naeblys/Shutterstock)

    Now we turn to another problem—the cargo contained in the LNP capsules: the mRNA and its encoded spike protein. We introduce the inflammatory response to the spike protein and one of its subunit proteins and how they may contribute to serious adverse events such as myocarditis and blood clotting.

    Rochelle Walensky, former director of the U.S. Centers for Disease Control and Prevention (CDC), stated on “Good Morning America” in June 2021 that myocarditis cases are “really quite rare … minor, self-limited, they generally resolve with rest and standard medications.” However, this assertion was made based on a preliminary review of 300 cases and before conducting long-term follow-up.

    A study published on Aug. 1 followed 40 adolescents in Hong Kong for up to a year. Follow-up testing performed in 26 patients with initial abnormal findings revealed that 58 percent of those with vaccine-associated myocarditis had persistent heart muscle scarring. The authors concluded: “There exists a potential long-term effect on exercise capacity and cardiac functional reserve during stress.”

    This series demonstrates how exposure to the spike protein results in downstream cardiovascular issues. Given that vaccination causes the body to produce more spike protein, it is clear that additional research was needed to understand the health impacts of vaccination prior to licensure.

    Summary of Key Facts

    • The SARS-CoV-2 spike protein and its S1 subunit have known impacts on the cardiovascular system, such as an increased risk of blood clotting.

    • The vaccine-induced spike protein and its S1 subunit have been found in the blood following vaccination.

    • In lab studies, the spike protein activates white blood cells and may trigger an inflammatory response or clotting.

    • Free spike protein was found in the blood of adolescents and young adults with post-mRNA vaccine myocarditis but not in healthy control subjects without myocarditis.

    • The S1 subunit can interact with ACE2, platelets, and fibrin and may be what leads to an inflammatory response driving serious adverse events, including clots, myocarditis, and neurological problems.

    • As discussed in Part 3, lipid nanoparticles (LNPs) act as adjuvants, stimulating the immune system. This innate immune response peaks within six hours of vaccination and returns to baseline by about day nine, temporally corresponding to the onset of myocarditis, which typically occurs within the first seven days following mRNA COVID-19 vaccination.

    • Studies have not been done to evaluate how vaccination affects those who have already been infected with SARS-CoV-2.

    • The spike protein was implicated in small vessel microclots during COVID-19 illness; thus, postvaccination cardiovascular effects should have been anticipated.

    • The first deadline for FDA-mandated post-authorization safety studies has passed, yet to the best of our knowledge, the full report has not been made available to the public.

    The spike protein protrudes from the SARS-CoV-2 virus like a crown of sticky handles. The job of the spike protein is to grab onto the ACE2 receptor so the virus can enter the cell. The ACE2 receptor is found in many human cells in the lungs, kidneys, gut, heart, and the lining of the blood vessels.

    Spike protein is comprised of two parts: the S1 and S2 subunits. The S1 subunit protein sits at the tip of the spike protein and is responsible for attaching to the ACE2 receptor. Once bound to the receptor, the spike protein changes shape to allow the virus to enter. Having accessed the inside of the cell, the SARS-CoV-2 virus uses the cell’s own protein manufacturing process to make new viral proteins.

    Effective vaccines select recognizable antigens that induce a robust immune response. The spike protein was chosen for the mRNA COVID-19 vaccine because it is responsible for attaching to cells and gaining entry. However, research suggests that the spike protein and its S1 subunit may also be responsible for cardiovascular complications following both infection and vaccination.

    The S2 subunit may also interfere with tumor suppression, potentially explaining why COVID-19 can be more severe for cancer patients.

    (Jaitham/Shutterstock)

    Research shows that the spike protein is found in the blood following COVID-19 infection and vaccination. The spike protein modifies blood clotting and can stimulate an overactive immune response. A better understanding of these findings and the specific roles the spike protein and its S1 subunit play will help us determine who is most at risk for severe disease or vaccine adverse events.

    Cardiovascular Effects of Spike Protein Following Infection

    Although the studies are small, the spike protein has been found in the blood and clots of severely ill COVID-19 patients. The clinical evidence suggests a fingerprint of the spike protein’s cardiovascular effects.

    In a study of 41 patients published in Frontiers in Immunology, 30.4 percent of the 23 hospitalized were found to have significant levels of spike protein in their circulation. None of the remaining 18 uninfected or mildly ill individuals had circulating spike protein.

    A small case-control study detected the spike protein in clots retrieved from COVID-19 patients with acute ischemic stroke and myocardial infarction.

    Another study detected the S1 subunit in the plasma of 64 percent of COVID-19-positive patients, and S1 levels were significantly associated with disease severity. The nucleocapsid (N) protein, a marker for COVID-19 infection, was also detected. The authors speculated that the presence of S1 and N in plasma suggests that virus fragments enter the bloodstream, potentially due to tissue damage.

    The exact chain of events is not fully understood. Still, laboratory, clinical, and biopsy findings offer converging evidence suggesting a role for the spike protein and its S1 subunit in blood clotting and heart injury.

    Blood Clots Associated With Spike S1 Subunit

    In laboratory experiments like those performed in the Frontiers in Immunology study, the spike protein S1 subunit causes a chain reaction that sets up the right conditions for clots to form. In this chain reaction, the S1 protein binds to the ACE2 receptor on the cells lining the blood vessels. Binding to ACE2 then activates immune cells.

    This domino effect can also stimulate platelet binding, increasing clotting risk. Platelets are essential clotting agents that stop blood loss following injury by clumping together. The authors further noted that in vitro, “our group recently documented that exposing sera from severe COVID-19 patients to endothelial cells induced platelet aggregation.”

    In other words, the S1 subunit is of interest because, in vitro (in a test tube), it appears to cause changes to clotting mechanisms. If the S1 subunit can affect clotting agents like fibrin, complement 3, and prothrombin, this may be a mechanism through which SARS-CoV-2 can cause cardiovascular complications. Clotting causes changes in blood flow, potentially leading to thrombosis, stroke, and heart attack.

    Atypical Blood Clots

    Providing blood thinners to decrease the risk of clot formation did not appear to reduce the clotting risk in COVID-19 inpatients or outpatients. This may be because the clots formed after exposure to the S1 subunit may not be typical blood clots. Three findings suggest that the S1 subunit is important to clotting risk.

    1. Clots Resist Normal Breakdown

    First, when the S1 subunit was added to healthy blood in the lab, it created dense, fibrous clot deposits. These fibrous “amyloid” clots formed even when blood taken from healthy people was exposed to the S1 subunit.

    The S1 subunit appears to be associated with clotting resistant to fibrinolysis—the normal breakdown of clots necessary to restore blood flow after injury. These amyloid clots are shown in Figure 1 below.

    Amyloid clots occur when a protein is damaged and begins to fold abnormally on itself. When these abnormal amyloid proteins accumulate in the body, they can interfere with normal function.

    Figure 1. Amyloid Clots Formed in Response to Spike Protein S1

    Figure 1. Amyloid clots formed in response to spike protein S1. (National Center for Biotechnology Information)

    2. S1 Subunit Can Induce Amyloid Substances

    Second, these dense clots may be caused by certain protein segments on the S1 subunit. The spike protein has seven protein segments (peptides) that can induce fibrous (amyloid) substances. While the fully intact spike protein (S1 and S2 subunits attached to form the full spike) did not form this amyloid, the S1 subunit did. This finding is interesting because it suggests that the subunits of the spike protein may have unique effects on cells.

    3. Spike Blocks Other Clot-Inhibiting Proteins

    Third, spike protein can outcompete other proteins, which prevent clots from forming. In another laboratory experiment designed to understand how this process plays out, scientists found that the spike protein blocks proteins important to breaking down clots.

    In summary, the in vitro (laboratory-based) research suggests that the spike protein subunit S1 can induce clot formation and impair clot dissolution. While we do not know precisely how this translates to processes in the body, Epoch Times’ Jan Jekielek explored clotting and the role of spike protein with pathologist Dr. Ryan Cole on June 3 and Dr. Paul Marik on May 23. In the interview, Dr. Cole explained that the spike protein persists in the body longer, inflames tissues wherever it lands, and acts as an irritant or toxin in the body.

    Spike Protein Found in COVID-19-Vaccinated Myocarditis Patients

    Studies of COVID-19-vaccinated patients diagnosed with myocarditis found spike protein in the patients’ blood and heart muscles but not in those without myocarditis.

    Found in Blood

    The full-length spike protein has been found in the blood of vaccinated adolescents with myocarditis but not in the blood of those without myocarditis.

    It is unclear why the spike protein was circulating freely or unbound by antibodies. The adolescents who developed myocarditis had similar immune markers to those who did not develop myocarditis. In other words, the group with myocarditis did not appear to have any immune problems.

    Rather, these adolescents may have had an overactive natural immune response. Strong natural (“innate”) immunity helps the body fight off disease without any prior exposure. However, the first responders (inflammatory cytokines) can sometimes be exuberant. If the innate immune response overreacts, it may trigger myocarditis.

    Found in Heart Muscle

    The spike protein coded by mRNA has also been found in heart muscle cells. An endomyocardial (heart muscle) biopsy study was conducted among 15 patients with myocarditis following vaccination. No other viral infection could be found that might have caused the myocarditis.

    The investigators found SARS-CoV-2 spike protein in nine of the 15 patients. Immune cells (CD4+ T) were also detected in the biopsy samples. These observations suggest an inflammatory reaction to the spike protein.

    The authors concluded: “Although a causal relationship between vaccination and the occurrence of myocardial inflammation cannot be established based on the findings, the cardiac detection of spike protein, the CD4+ T-cell-dominated inflammation, and the close temporal relationship argue for a vaccine-triggered autoimmune reaction.”

    A 2022 modeling study also suggests that the spike protein can cause an autoimmune response by mimicking human molecules, causing antibodies to bind to “self” proteins.

    Spike S1 Detected in the Blood of Vaccinated Adults

    Another study found that 11 of 13 adults vaccinated with Moderna’s mRNA-1273 had the S1 subunit in their blood as early as one day after vaccination.

    Plasma was collected from 13 participants at various times during the first month after each dose. The antigens S1 and spike were measured to estimate the amount of mRNA translation into protein products.

    After the first 100-microgram dose, S1 antigen was detected in the plasma of 11 participants. In contrast, the spike antigen was detected in three of 13 participants. The S1 antigen peak was detected on average five days after vaccination. Again, the timing of this peak for S1 seems to add to the clues suggesting an autoimmune response in the week after vaccination.

    mRNA Detected in the Blood and Lymph Nodes After Vaccination

    Vaccine mRNA, which encodes the spike protein and its S1 subunit, also persists in the blood and lymph nodes. Following vaccination, spike-encoded mRNA has been found in the blood for 15 days and in lymph nodes for up to 60 days. Spike-laden exosomes have been found circulating in the blood for up to four months. This finding is important because it refutes the CDC’s claim that the mRNA is so fragile that it dissolves quickly at the injection site (see Figure 2a in Part 1).

    The lymph nodes continue creating better-fitting antibodies after any viral infection. This is a critical way that our bodies prepare for new variants naturally. However, persistently high levels of vaccine-induced mRNA and spike protein may not be helpful when the immune system is asked to respond to future variants. In other words, if the immune system is tasked with continuing to pump out antibodies to a previous variant, it may be less nimble when asked to create a high-quality antibody for a new variant.

    Inadequate Clinical Trials Leave Unresolved Questions

    Given what we know about the harmful effects of the SARS-CoV-2 virus, we should not have assumed that the vaccine-encoded spike protein would be harmless.

    And, given what we know about clotting issues following COVID-19 infection, future studies should test whether the S1 subunit produced in response to vaccination can also cause clotting issues via the same pathway. These studies should include both lab experiments and human observations.

    In addition, we do not know the relative amounts of free spike protein in circulation following infection versus vaccination.

    In the case of the COVID-19 vaccines, the active ingredient was not studied prior to authorization. The manufacturers used mRNA that encodes for a substitute protein (luciferase) to test the safety and biodistribution of the mRNA vaccines.

    Pfizer submitted animal biodistribution data to regulatory agencies using the surrogate RNA encoding for luciferase, as discussed in Part 1 of this series.

    However, these studies were inadequate in describing how mRNA, the spike protein, its S1 subunit, and the LNP carrier would affect the human body.

    In this article, we described laboratory findings showing clotting associated with the S1 subunit. Studies like these reinforce why thorough preclinical studies are so crucial. The studies conducted by pharmaceutical companies were not sufficient to address these questions.

    We had very little information about how people would respond to vaccination depending on age, sex, immune status, overall health, or history of prior SARS-CoV-2 infection. The original clinical trials did not enroll enough people who had already recovered from COVID-19; they were not designed to provide an understanding of how prior infection would affect a person’s response to vaccination.

    Required Pfizer Post-Authorization Safety Study Unavailable to Public

    Pre-authorization studies were clearly inadequate. Post-authorization, the FDA has only acknowledged that passive surveillance is insufficient to establish safety. The agency responded to adverse event reports by requiring Pfizer to conduct additional studies, with the first monitoring report due October 2022.

    On page 6 of the approval letter, the FDA acknowledges this fact (see Figure 2 below):

    “We have determined that an analysis of spontaneous postmarketing adverse events reported under section 505(k)(1) of the FDCA will not be sufficient to assess known serious risks of myocarditis and pericarditis and identify an unexpected serious risk of subclinical myocarditis.

    “Furthermore, the pharmacovigilance system that the FDA is required to maintain under section 505(k)(3) of the FDCA is not sufficient to assess these serious risks. Therefore, based on appropriate scientific data, we have determined that you are required to conduct the following studies. …”

    Has the FDA received the monitoring report from Pfizer, which was due by Oct. 31, 2022? The next report, the interim report, will be due in October.

    Figure 2. FDA Postmarketing Safety Study Requirements

    FDA BLA Approval Letter, Aug. 23, 2021. (U.S. Food and Drug Administration)

    Read Part 1: FDA Overhaul Needed for New Vaccines and mRNA Therapies

    Read Part 2:Health Implications of Poor COVID-19 mRNA Testing: Miscarriage, Vision Loss, Immunotoxicity

    Read Part 3: Pulling Back the Curtain: mRNA Lipid Nanoparticle Design Created Potential for Clotting and Triggering Immune Overdrive

    Next: In Part 5, we will discuss the mRNA manufacturing issues affecting contamination with double-stranded DNA and the potential for genome integration.

    For all references, click here.

    Tyler Durden
    Fri, 09/08/2023 – 21:40

  • 'Defund The Police' Democrat Politician Left With Broken Leg, Bloodied Face, After Violent Carjacking In Minnesota
    ‘Defund The Police’ Democrat Politician Left With Broken Leg, Bloodied Face, After Violent Carjacking In Minnesota

    Authored by Katabella Roberts via The Epoch Times (emphasis ours),

    The second vice chairwoman for Minnesota’s Democratic-Farmer-Labor Party, who previously vowed to “dismantle” the Minneapolis Police Department amid widespread Black Lives Matter (BLM) protests, is now calling for tougher crime laws after she was violently carjacked this week.

    In a lengthy Sept. 7 post on Facebook, Shivanthi Sathanandan claimed the carjacking incident took place in the driveway of her Minneapolis home in front of her children, who are aged 4 and 7.

    The incident left her with a broken leg, deep lacerations on her head, and bruising and cuts all over her body.

    Ms. Sathanandan shared a photo of herself with what appeared to be blood pouring down her face alongside the post.

    Four very young men, all carrying guns, beat me violently down to the ground in front of our kids,” she wrote. “The young men held our neighbors up at gunpoint when they ran over and tried to help me. All in broad daylight.”

    Look at my face in the picture. This is the face of a mother who just had the [expletive] beaten out of her,” she continued. “A mother whose only thought was, ‘let me run far enough and fight hard enough so that my kids have a chance to get away.’ This is the face of a mother who just listened to her four-year-old daughter screaming non-stop, her 7-year-old son wailing for someone to come help because bad guys are murdering his Mama in the back yard, her neighbors screaming in outrage… all while being beaten with guns and kicks and fists.”

    Attackers Must be ‘Held Accountable’

    “These men knew what they were doing. I have NO DOUBT they have done this before. Yet they are still on OUR STREETS. Killing mothers. Giving babies psychological trauma that a lifetime of therapy cannot erase. With no hesitation and no remorse,” Ms. Sathanandan wrote.

    “I’m now part of the statistics. I wasn’t silent when I fought these men to save my life and my babies, and I won’t be silent now. We need to get illegal guns off of our streets, catch these young people who are running wild creating chaos across our city, and HOLD THEM IN CUSTODY AND PROSECUTE THEM,” she said.

    Look at my face. REMEMBER ME when you are thinking about supporting letting juveniles and young people out of custody to roam our streets instead of HOLDING THEM ACCOUNTABLE FOR THEIR ACTIONS,” the Democrat wrote.

    A report from the Minneapolis Police Department obtained by KSTP states that Ms. Sathanandan’s vehicle was later abandoned by the suspects and recovered.

    It is not clear if any suspects have been arrested. The Epoch Times has contacted the Minneapolis Police Department for further comment.

    Demonstrators march to Brooklyn Center Police Department to protest the fatal shooting of Daunte Wright during a traffic stop in Brooklyn Center, Minn., on April 13, 2021. (John Minchillo/AP Photo)

    ‘Dismantle the Minneapolis Police Department’

    The alleged attack on Ms. Sathanandan and her subsequent comments come roughly three years after she accused police of having “systematically failed the Black Community,” and vowed to “dismantle the Minneapolis Police Department.”

     
    In a post on Facebook at the height of the BLM protests taking place throughout the country, sparked by the death of George Floyd while in police custody, Ms. Sathanandan wrote: “We are going to dismantle the Minneapolis Police Department. Say it with me. DISMANTLE The Minneapolis Police Department.

    “MPD has systematically failed the Black Community, they have failed ALL OF US. It’s time to build a new infrastructure that works for ALL communities,” she wrote. “If you are still disagreeing with that BASIC FACT, I’m not sure what to say to you.”

    In her post on Thursday detailing the alleged carjacking, Ms. Sathanandan vowed that the criminals would not win.

    “We need to take back our city. And this will not be the last you hear from me about this,” she said.

    The Democrat concluded the lengthy post by thanking the “incredible Minneapolis 4th Precinct Officers, Mayor Frey, Chief O’Hara, Paramedics, neighbors, friends and DFL family” who “all came to our aide during this terrifying experience.”

    “I’m so grateful for this community that wraps us in love,” she wrote.

    https://platform.twitter.com/widgets.js

     

    Tyler Durden
    Fri, 09/08/2023 – 21:00

  • Doug Casey On The 2024 Election
    Doug Casey On The 2024 Election

    Authored by Doug Casey via InternationalMan.com,

    International Man: President Biden is running for reelection in 2024.

    However, many Americans are questioning Biden’s physical and mental faculties. He appears half asleep on many occasions—often forgetting his train of thought or stumbling on his words.

    Biden will soon be 81, making him the oldest president in US history.

    What’s your take?

    Doug CaseyThe very fact that he’s supposedly even contemplating running in 2024 is further proof that he’s non compos mentis. He’s so far gone that he doesn’t even realize what an embarrassment he is. But it’s not a question of his age, per se.

    A lot of people in their eighties are sharp as a tack. Age slows you down, true. But if you’ve gained wisdom through many years of experience, you can still play the game. The problem with Biden isn’t so much that he’s decrepit and feeble—although those things are highly undesirable in a national leader. It’s that he lacks any semblance of ability, has no judgment, and is devoid of morality and ethics. The world is asking: How degraded are the American people that they could not just elect but are thinking of reelecting, such a pathetic shell?

    Trump is only four years younger, but he appears hale and hardy. All this should be academic, however. It should, ideally, make little difference who the president is.

    Switzerland is the most prosperous country in Europe, and nobody knows or cares who the president of Switzerland might be. It would be nice if the president of the US was nothing but a figurehead, someone respectable to set a moral tone and give a good example. Perhaps that’s the biggest reason Biden shouldn’t run. He’s almost the antithesis of a role model. Although admittedly superior to his thoroughly degenerate son, who he once identified as the most intelligent man he knew.

    International Man: Despite the countless indictments against him, Donald Trump is still the frontrunner for the Republican ticket with an enormous lead.

    What’s your perspective on Trump this time around?

    Doug Casey: I did an interview here in 2016 when he first talked of running—and nothing has changed.

    He has absolutely no philosophical core; he flies by the seat of his pants. Trump is popular because he’s a traditionalist and a nationalist. He wants the US to return to the values of a kinder and gentler era. However, he’s not a libertarian. He has no understanding of economics, as evidenced by the fact that he wants massive duties on imports. He has no fear of gigantic deficits. He’s fine with borrowing even more money. He’s quite willing to put on regulations when he arbitrarily thinks it’s a good idea.

    At a time when the US is collapsing in on itself, bankrupt, crime-ridden, and overtaken by crazy wokeness, I believe most people would prefer a traditionalist—at least someone who’s not a Jacobin looking to overturn the whole basis of society. I hasten to add that Biden himself isn’t even the real problem—as degraded as he is—it’s the people who manipulate the doddering old fool. His cabinet and top officials are an assortment of criminal personalities. They are, without exception, stupid, incompetent, and/or psychotic. That’s a radical statement, but I believe it’s factual. The overweight tranny sporting an admirals costume while masquerading as a woman is far from the worst of the bunch.

    At least Trump is something of an outsider. The people in the evil party hate him simply because he’s an outspoken traditionalist who resonates with the hoi polloi. They suffer from what’s known as “Trump Derangement Syndrome.”

    I’m not really a fan of Trump, except for the fact that he’s a traditionalist. It’s interesting that the people who do hate him, hate him just because he’s a traditionalist. I see zero evidence that he’s a criminal. He is just a successful self-promoter, a celebrity who made some money in real estate and has genuine concerns about his country. Plus, he’s very entertaining—that actually counts for something.

    International Man: Now that actual libertarians seem to be running the Libertarian Party, do you see anything interesting coming from them in 2024?

    Doug Casey: I neither follow nor care about the Libertarian Party. It only counts because it’s registered to run candidates in all 50 states. None of them have a snowball’s chance in hell of winning more than a local race for dogcatcher. That said, the major parties will each try to use it to draw votes from the other party. That was the case in 2016 when Johnson/Weld got 4.5 million votes, 3.3% of the total. That’s a big deal in a close election.

    Except for Ron Paul and Harry Browne, who intelligently used the election as a bully platform to spread the philosophy, the Libertarian Party’s candidates have been non-entities. I’m sure that’ll be the case this year as well.

    In fact, they’re worse than just narcissistic non-entities. Their 2016 candidate, Gary Johnson, was just a good-natured pothead who somehow got elected governor of New Mexico. He picked William Weld, ex-governor of Massachusetts and a classic Deep State operative, as his VP. How did that ever happen?

    I understand the Libertarian Party has evicted the party-archs who promoted that ticket. I used to say, if you’re going to vote, at least vote Libertarian as a protest vote. But it really is a wasted vote from every point of view these days. Not that it really matters. I understand the arguments why you should vote, but the fact is that your vote counts about as much as a grain of sand on a beach, especially if the election is rigged.

    International Man: Trump’s former chief strategist, Steve Bannon, suggested a Trump/RFK ticket would win in a massive landslide.

    Presuming the DNC rigs the primary against RFK Jr., what role do you see him playing in the general election?

    Doug Casey: They’re both outspoken and very entertaining—90% of politics is entertainment. They mostly agree on Covid, which is wonderful. They’re both anti-war. They’re both anti-Deep State.

    It’s possible that Bannon’s right; the public would love two refreshing semi-outsiders. But it would probably be like taking a couple of cats and tying their tails together.

    Kennedy, as I explained before, is basically an old-style “reasonable” Democrat. He believes in a “safety net” (i.e. welfare), regulation, the green agenda, and the rest of it. So does Trump, to a great extent. It’s not that Bannon’s wrong; it’s just that the two of them would always try to overshadow each other. But at least they’re not woke Democrats…

    In my view, the Republicans are the stupid party, and the Democrats are the evil party. Given a chance between stupid and evil, you should probably go for stupid. They might be less destructive. Although perversely, since stupidity is amorphous, illogical, and unpredictable, they could be just dangerous in a different way. It’s a classic Hobson’s Choice.

    International Man: What sort of dirty tricks do you see occurring in the run-up to the 2024 election?

    Is it possible the Deep State will find a way to cancel the election if it isn’t going their way?

    Doug CaseyYou may recall that in 2016, I placed a money bet that, against all odds, Trump would win. In 2020, I gave six reasons why the Democrats would win.

    So I’m foolishly starting to think I’m a handicapper of the how hoi polloi will vote. Or at least who’s best at fixing an election.

    The Democrats might win simply because the American electorate has become so corrupt; they accept socialism in principle. In addition, the Dems currently control the apparatus of the State and are aggressively using it to cement themselves in power.

    They’re actual Jacobins, Neo-Marxists, and will do anything to stay in office. Like the way, they’re prosecuting Trump in four different jurisdictions for scores of nonsensical, fabricated charges. They’re attempting to bankrupt him with legal fees, de-legitimize him with unthinking voters, and tie up his time so it’s impossible for him to campaign.

    This is the type of thing, like the extraordinary sentences handed down for the Jan 6 protests, that goes on in Third World countries. Serious MAGA people could go wild. It’s possible that we won’t even have an election in 2024, as outrageous as that sounds.

    The Dems can’t run Biden. It’s egregious elder abuse; the old criminal is just a shell of a man. Nor can they run the cackling, dim-witted Kamala, even though many black people will predictably cry racism in today’s environment. She’s a parody of herself.

    So, who can the Democrats run? Michelle Obama? She is way too much of a hot potato ultra-leftist. Another option is Gavin Newsom, who’s undistinguished by anything except being good-looking and running California into the ground. I don’t see anybody else with name recognition.

    There are several other huge X factors. Between now and the election, we’re very likely to have a financial and economic crisis. The Greater Depression could well up from under the surface and explode like a volcano, creating chaos. The military crisis in the Ukraine could spin out of control into an actual war against Russia. The US continues to antagonize China, a big wild card. And Washington seems to be plumping for a war in North Africa.

    Perhaps most important is the fact that the red people and the blue people in the US actually hate each other. It’s much more serious and widespread than any culture clash we had in the past, including the late 1960s and early 1970s.

    It could lead to something resembling a civil war. The US Government itself is losing legitimacy with wide swaths of domestic and foreign public opinion. I know it’s outlandish to consider seriously, but is it possible that we could wind up with a military government in the US?

    Although the US military has become corrupt and is also collapsing on itself, it’s about the only government institution that Americans still trust. In a time of chaos, when neither party can put forward a candidate, we could get a general as a (temporary) solution. Likely an opportunistic leftist like the recently defrocked Petraeus.

    It’s a reasonably safe bet that 2024 is not going to be just a bad year but one for the record books.

    *  *  *

    Disturbing economic, political, and social trends are already in motion and now accelerating at breathtaking speed. The risks that lie ahead are too big and dangerous to ignore. That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. It will help you understand what is unfolding right before our eyes and what you should do so you don’t get caught in the crosshairs. Click here to download the PDF now.

    Tyler Durden
    Fri, 09/08/2023 – 21:00

  • FBI, HHS Stonewalling Congress Over Illegal Chinese COVID Lab In California
    FBI, HHS Stonewalling Congress Over Illegal Chinese COVID Lab In California

    The Chairman of the House Select Subcommittee on the Coronavirus Pandemic has threatened to subpoena the Federal Bureau of Investigation (FBI) and the US Department of Health and Human Services (HHS) after they refused to produce information on an illegal Chinese lab that was “caught red-handed conducting dangerous research related to COVID-19 and other deadly diseases without a license by FBI agents and California officials.”

    Rep. Brad Wenstrup (R-OH), Chairman of the House Select Subcommittee on the Coronavirus Pandemic

    In Thursday letters to the agencies (FBI letter, HHS letter), Rep. Brad Wenstrup (R-OH) noted their failure to respond to prior requests for information, and says that if they fail to comply with oversight, “we will be forced to evaluate the use of the compulsory process.”

    The letter also puts the agencies on notice that the Subcommittee may request that employees sit for voluntary transcribed interviews.

    As we previously noted, the lab was found in what was thought to be a empty storage building in Reedley, California – located in the central San Joaquin Valley.

    It was only discovered after a local code enforcement officer noticed a garden hose poking out a back wall of the building, according to YourCentralValley.

    Public Health staff also observed blood, tissue and other bodily fluid samples and serums; and THOUSANDS of vials of unlabeled fluids and suspected biological material.

    Additionally they found 900 genetically engineered mice, engineered to catch and carry COVID-19, living in “inhumane” conditions.

    773 of the mice had to be euthanized, and officials found another 178 mice already dead.

    “This is an unusual situation. I’ve been in government for 25 years. I’ve never seen anything like this,” said Reedley City Manager Nicole Zieba.

    Even county health officials were left in shock.

    “I’ve never seen this in my 26-year career with the County of Fresno,” said Assistant Director of the Fresno County Department of Public Health Joe Prado.

    The Centers for Disease Control and Prevention tested the substances and detected at least 20 potentially infectious agents, including coronavirus, HIV, hepatitis and herpes, according to a Health and Human Services letter dated June 6.

    Agents also found thousands of package boxes – many with shipping labels from China. Below is a photo included in court documents in California.

    NBC News reports that an investigation found the tenant was Prestige BioTech, a company registered in Nevada and unlicensed for business in California. City officials spoke with Xiuquin Yao, who was identified as the company president, through emails included in the court documents.

    Yao told officials that Prestige BioTech moved assets belonging to a defunct company, Universal Meditech Inc., to the Reedley warehouse from Fresno after UMI went under. Prestige Biotech was a creditor to UMI and identified as its successor, according to court documents.

    Officials were unable to get any California-based address for either company except for the previous Fresno location from which UMI had been evicted.

    “The other addresses provided for identified authorized agents were either empty offices or addresses in China that could not be verified,” court documents said.

    Related:

    Tyler Durden
    Fri, 09/08/2023 – 20:40

  • Victor Davis Hanson: What Game Is Hunter Biden Playing?
    Victor Davis Hanson: What Game Is Hunter Biden Playing?

    Authored by Victor Davis Hanson,

    What shameless act or felonious activity was not evidenced on Hunter Biden’s laptop?

    Racist attitudes toward Asians?

    Soliciting prostitution?

    Felonious use of drugs?

    Photographed nudity and perverse sex?

    Admissions to illicit foreign shakedowns?

    Hunter all but accused his own father, President Joe Biden, of also being on the foreign take:

    “I hope you all can do what I did and pay for everything for this entire family … Unlike Pop I won’t make you give me half your salary.”

    Hunter’s alleged felonies range from bribery to tax evasion. That he has not yet been prosecuted for anything is scandalous. His exemption is attributable only to Attorney General Merrick Garland’s likely weaponized directives to federal prosecutors to downgrade or forget altogether felony charges against Hunter.

    So given such wild behavior, why would not Hunter tone it down, stop the global grifting, cease the reckless behavior — and quit redirecting attention to the likely illegal acts of his father, the president?

    Why did not Hunter early on just settle the child support suit filed by his paramour Lunden Roberts? Why haggle over money for his own daughter?

    Hunter instead outrageously claimed near poverty. That excuse was hilarious given he flies on private jets and pays nearly $16,000 a month to rent a house in tony, celebrity-ridden Malibu.

    Why did Hunter ever get involved with a performance stripper in the first place after his past widely publicized liaisons with prostitutes? Why also with his own widowed sister-in-law?

    Given Hunter has little or no experience or training in high-stakes international finance and investment — and thus has no market value as an investor or broker. But he was infamous for translating that nothingness into millions in lucre due solely to his ability to monetize the influence of then-Vice President Joe Biden.

    So why now when under 24/7 scrutiny, would Hunter dare recreate himself as an “artist,” by blowing through straws in his mouth?

    His amateurish canvasses somehow have sold for up to $500,000 a pop. Both Biden donors and gamers saw their buys of such mediocre art as gambits either to meet with or profit from his father, Joe Biden.

    But would not his painting grift only bring greater prosecutorial scrutiny and greater embarrassment to the president?

    Hunter Biden’s attorneys sought to leverage federal prosecutors into agreeing to drop their charges — by threatening to call in as a pro-Hunter witness President Joe Biden himself and thereby likely invoke a constitutional crisis!

    In such a scenario, the president under oath would be forced to lie again that he had no knowledge of or involvement in Hunter’s illegal behavior. Or if he admitted the truth that he did, he would thus contradict years of his adamant denials.

    Why would Hunter put his father and president in such a publicity circus?

    Hunter has lost an incriminating laptop by abandoning it at a repair shop. He has forgotten his crack pipe in a rental car. His illegally registered handgun turned up in a trash dumpster near a school.

    So would not the carefree Hunter insist that all the Bidens in the spotlight remain extra careful never to abandon incriminating drugs — especially in the White House.

    Yet in a West Wing first, recently cocaine was found lost in an entrance vestibule. Various media outlets claimed it belonged to someone in the “Biden family orbit.”

    One of two things explain the continuous reckless behavior of wayward son Hunter Biden:

    • One, he is either still on drugs or so suffers from past addiction that he has lost all common sense and judgment, and simply cannot control his behavior.

    • Or, two, Hunter is an embittered, angry son. As the Biden bagman for foreign shakedown cash, he did the dirty work and most risked the legal exposure that made all the Bidens rich.

    Yet, instead of familial praise — or so the broke Hunter seems to whine on his laptop –Hunter gets no respect from those he enriched.

    And now he, not they, might first go to jail.

    As a result, does his continuous recklessness send a not so-subtle reminder to all the Bidens – his father the “Big Guy” especially?

    That is, Hunter is not going to take the fall.

    He will not end up in prison for decades while the other exempt Bidens continue to enjoy their ill-gotten riches, due to Hunter’s imaginative cons.

    No wonder the first family for months moved Hunter into the White House and put him on Air Force One.

    Is it now, “Keep Hunter close and self-important — or else”?

    Tyler Durden
    Fri, 09/08/2023 – 20:20

  • "I Don't Give A F***": Top Maryland Education Official Caught Using Encrypted Msg App As Grade Scandal Deepens
    “I Don’t Give A F***”: Top Maryland Education Official Caught Using Encrypted Msg App As Grade Scandal Deepens

    Investigative journalist Chris Papst of Fox45 News’ Project Baltimore has been leading the charge in exposing a massive grade scandal and subsequent cover-up in the country’s fourth most funded school system. The corruption isn’t confined to the Baltimore City Public Schools level; it extends all the way up to the Maryland State Superintendent of Schools. 

    https://platform.twitter.com/widgets.js

    The latest report Papst shared comes weeks after his team found metadata for 98 text messages sent or received by Maryland Superintendent Mohammed Choudhury in the first quarter of this year — around the time the state changed grades that no longer can be seen. 

    Before

    2022 MCAP data from original upload (WBFF)

    After 

    2022 MCAP data from revised upload (WBFF)

    And why would the state change the grades? Well, it’s alleged that Superintendent Choudhury needs good optics for the crime-ridden metro area after Papst’s team released this shocking report in February: ‘Education Crisis’: 23 Baltimore City Schools Have No Students Proficient In Math

    Papst believes these text messages hold the answer to why the state government made the statistical cover-up. His latest report includes “an encrypted cell phone app and never meant to be seen by the public are now shedding light on what’s happening at the Maryland State Department of Education,” according to the Project Baltimore report. 

    Here’s the report:

    The messages appear to support concerns over the state superintendent’s leadership, transparency, and creation of a toxic workplace culture.

    Project Baltimore asked Superintendent Mohammed Choudhury about the messages at the August 22 state board of education meeting.

    “Mr. Superintendent, have you ever used the Signal Application in commission of your job?” Project Baltimore’s Chris Papst asked.

    Choudhury replied, “I have no comment. For my job, no.”

    “You’ve never used Signal for your job?” Papst asked again.

    “No,” replied Choudhury.

    On record, Choudhury told Papst that Signal wasn’t used for work-related purposes. However, new screenshots from a senior employee in Maryland Public Schools (who wished to remain anonymous) suggest otherwise. 

    Project Baltimore obtained screenshots of conversations between Choudhury and high-ranking employees within the Maryland State Department of Education.

    Each one is a “Signal Message” sent by “Mohammed Choudhury” to at least one high-level employee at MSDE who asked not to be identified. Project Baltimore received multiple text threads, which the source says were sent between late 2021 and 2022.

    In the screenshots, Choudhury’s name and picture are visible. The phone number is also registered to the superintendent. In the messages, Choudhury certainly appears to be talking about work.

    In one screenshot, Choudhury “set the disappearing message timer to 1 hour”, which applies to select messages.

    Choudhury writes, “All of that teacher assignment stuff is too much.”

    In another Signal message, Choudhury tells an employee a project needs “A LOT of work.” He goes on to say, “as of now, I’m not even close to green lighting anything there”.

    In another instance, Choudhury appears to berate his employee, saying, “What feels like a waste of time is tell (sic) me last minute we are changing survey links when I told you I didn’t want to do this.”

    The employee responds, “I don’t understand what you see the issue to be”

    Choudhury writes back, “I’ll make it easy for you guys. Your (sic) not changing it. It’s staying as is. Don’t meet with me today. Done. That’s a directive.”

    “So cancel the Qualtrics license?” Asks the employee.

    Choudhury responds, “Yes, I don’t give a F*** about Qualtrics at this point.”

    What remains troubling is why the superintendent would use Signal on his personal phone, with some messages disappearing in one hour for work-related tasks. 

    “And if those messages are set to disappear, they can’t be accessed under open records laws. Parents and taxpayers cannot see what’s being said by their state superintendent about public schools,” Project Baltimore said. 

    Here’s more from Papst. 

    Papst asked Tina Williams-Koroma, founder and CEO of TCecure, a Baltimore cybersecurity company: “Does it concern you that the highest-ranking public education official in the state is using signal to conduct state business?”

    “Yeah, I think it’s concerning to me that some of the information in records may not be accessible and discoverable,” Williams-Koroma replied.

    Where is the national outrage? 

    Tyler Durden
    Fri, 09/08/2023 – 20:00

  • Biden Biography Bombshell: Hillary Violated Logan Act, Drew Rebuke From Ex-Crony
    Biden Biography Bombshell: Hillary Violated Logan Act, Drew Rebuke From Ex-Crony

    Authored by Ben Sellers via Headline USA,

    Once again, Hillary Clinton appears to have flagrantly violated federal law and faced no consequences for her actions, according to an inadvertent admission from a new biography of President Joe Biden.

    Jake Sullivan and Hillary Clinton / IMAGE: Wiki4All via YouTube

    The book, Franklin Foer’s The Last Politician: Inside Joe Biden’s White House and the Struggle for America’s Future,” casts an otherwise rosy glow on Biden’s catastrophic tenure—perhaps as part of a last-ditch bid to rehab the flailing president’s popular support and legacy while making it appear as though his scripted policymaking has been carefully studied and scrutinized.

    But according to a report from the Associated Press on some of the key takeaways from it, the book reveals how Clinton, the former secretary of State under Barack Obama, took an active role in attempting to help Afghan women flee the Taliban after Biden’s botched military withdrawal plan went awry.

    Her efforts to assist the female refugees at first appeared noble—in particular due to the fact that they seemed so selflessly removed from Clinton’s thirst for money, power and acclaim.

    She directed a group of them to wear white scarfs [sic] so they could be identified by U.S. Marines guarding the Kabul airport, and unilaterally contacted world leaders to find places for their eventual evacuation flights to land,” the AP reported.

    However, Clinton’s decision to “unilaterally contact” world leaders as a civilian also put her in direct violation of the Logan Act.

    The act prohibits any U.S. citizen “who, without authority of the United States, directly or indirectly commences or carries on any correspondence or intercourse with any foreign government or any officer or agent thereof, with intent to influence the measures or conduct of any foreign government… in relation to any disputes or controversies with the United States, or to defeat the measures of the United States…”

    Its punishment includes up to three years in prison, as well as a hefty fine.

    Specifically, after reaching out directly, without authorization, to Ukraine President Volodymyr Zelenskyy about the prospect of taking in Afghan refugees, Clinton drew a rebuke from her own former campaign policy adviser, Jake Sullivan.

    According to Foer’s book, Sullivan—who is currently the Biden administration’s national security adviser—told her “What are you doing calling the Ukrainian government?

    Clinton, in turn, responded, “I wouldn’t have to call if you guys would.”

    While the stunning violation of protocol is likely to go unpunished by the Biden administration, it is easy to imagine the many ways that Clinton’s outreach to Zelenskyy might have undermined delicate negotiations already in progress over the likelihood of what would soon be a full-scale Russian invasion.

    Sullivan had undoubtedly been deeply involved, at that point, in laying the scaffolding for the proxy war—an extension of the CIA-backed color-revolution that began in the country during Obama’s presidency.

    Apart from any unspoken obligations the U.S. may have to aid in the country’s defense, the Biden administration’s peculiar interest in Ukraine spans an array of possible motives—from money-laundering to child-trafficking to blackmail to helping globalist oligarchs like BlackRock and George Soros to use the country as their sandbox for the Great Reset.

    Notwithstanding, it is clear that Clinton was the last person they wanted in the middle of those diplomatic discussions.

    Clinton, meanwhile, joined her own successor as secretary of State, John Kerry, in having egregiously violated the 1799 law.

    Kerry controversially inserted himself into foreign policy negotiations with Iran during the Trump administration, even having the chutzpah to tell the rogue regime that it should wait out Trump’s presidential term before taking any rash steps.

    He was not prosecuted for his actions.

    Ironically, the person closest to being prosecuted under the Logan Act may have been Trump’s first national security adviser, Michael Flynn.

    Members of the Clinton campaign team and the Obama intelligence community collectively strategized on how to ensnare Flynn in a legal trap after having illegally unmasked him for unsolicited phone calls he had received from a Russian ambassador, Sergey Kislyak.

    After Obama imposed sanctions against Russia for its alleged interference in the 2016 election, Kislyak sought—and received—Flynn’s assurances that the Trump administration would not continue with his predecessor’s policy.

    On Jan. 5, 2017, top Obama team members, including his top spies, seditiously plotted to use the Logan Act as the pretense to open a secret investigation into the incoming administration, giving them the ability to wiretap Trump and his top deputies, based on the false pretense—which they knew to be false at the time—that Trump was colluding with Russia.

    Shortly thereafter, FBI agents, led by Peter Strzok, interviewed Flynn in his office and snared him in a perjury trap for failing to remember the exact details of his conversations with Kislyak—which, unbeknownst to Flynn, they had been given a transcript of.

    The transcript of the calls was later leaked to the Washington Post for the purpose of embarassing the new administration, and it ltimately was what triggered the appointment of Robert Mueller as special counsel to investigate the Russia-collusion hoax.

    Fittingly, Jake Sullivan was deeply involved in both Kerry’s operation as “lead negotiator” in Iran, and in Clinton cover-ups such as her e-mail scandal and Benghazi cover-up.

    He also testified against Flynn during a House Oversight investigation of the Russia hoax—which he, himself, had helped to concoct and spread.

    Sullivan claimed before Congress that Flynn had “absolutely” colluded with the Russians in violation of the Logan Act.

    “lf l went out right now and started telling foreign officials, ‘Don’t worry, we’ll avoid some action the current government is taking,’ that would be a violation of the Logan Act,” Sullivan testified in response to a question from then ranking minority member Rep. Adam Schiff, D-Calif.

    And I think what Flynn did here—I mean, I’m not an attorney, but just on the face of what the purpose of this act is, what he did ran directly contrary to it,” he added.

    Other highlights from Foer’s Biden biography:

    • Biden reportedly was angered when contronted by Chinese president Xi Jinping about the rumors of U.S.-backed bioweapons facilities in Ukraine, telling Xi: “You know better than that, this is crap. Stop mouthing nonsense Russian talking points: I know you know that, so give me a break,” the Daily Caller reported.

    • Despite having spent four decades as a political elite, Biden was resentful of Barack Obama’s Ivy League education and claimed he couldn’t even curse properly, the AP reported, saying Obama was unable to deliver a “f—- you” with “the right elongation of vowels and the necessary hardness of consonants; it was how they must curse in the ivory tower.”

    • Vice President Kamala Harris damaged her rapport with Biden by initially asking to be in charge of relations with Scandinavia because it was “away from the spotlight.” Biden, in turn, bestowed on her the “thankless” job of uncovering the “root cause” of immigration at the U.S. border.

    • Biden has privately admitted to feeling “tired” despite denying publicly that he is unfit to lead due to his advanced age.

    Ben Sellers is the editor of Headline USA. Follow him at twitter.com/realbensellers.

    Tyler Durden
    Fri, 09/08/2023 – 19:40

  • Walmart Pay Cuts For New Hires Indicates Economic Downturn Has Arrived
    Walmart Pay Cuts For New Hires Indicates Economic Downturn Has Arrived

    The latest jobs reports (readhere & here) have revealed the US labor market, while still adding jobs, shows signs of cooling. Walmart, the nation’s largest private employer, has noticed the slowdown and is cutting pay for new store hires. 

    According to documents reviewed by The Wall Street Journal, the retailer introduced a new payment structure for new employees that went into effect in mid-July. Anyone who is hired today receives less pay than someone who was hired three months ago. 

    The new payment structure means new hires who join the digital or stocking departments will make about a dollar an hour less than they would have if hired earlier this year. 

    “This will allow for better staffing throughout the store,” said one of the documents. Walmart has already raised hourly pay for 50,000 workers because their pay was below the new minimum. 

    On Thursday, a Walmart spokeswoman confirmed the pay structure change, adding it allows new workers to learn and improve on skills to climb the company ladder. 

    News of Walmart’s pay reduction for new hires comes as the labor market appears to be cracking:

    More importantly, David Bassuk, the global head of retail at AlixPartners consulting firm, noted that retailers are scrambling to cut costs ahead of a period of consumer weakness. 

    “This is one example of many where retailers are doing everything they can to try to head off increasing costs,” Bassuk said.

    Walmart’s moves “signal the industry where things are either headed or what they should be considering,” he said. “I think we are starting to see the pendulum start to swing back to a different set of priorities.”

    The retailer sees precisely what we’ve explained to readers in recent months: low/mid-tier consumers are tapped out after two years of negative real wages that forced them to deplete savings while boosting credit card spending to make ends meet. Now, student loan payments are kicking in and will serve as an even larger economic headwind

    Goldman’s take on all of this is that the wage-price spiral is over: 

    It is worth noting that the market ticked higher as soon as the WMT story hit about looking to lower labor costs. Keep in mind, they were among the very first large companies to make major wage investment announcements years ago so this does feel like a notable story. Even if not an immediate needle mover to numbers, it is likely to be a driver for sentiment given the market’s large focus on CPI. “Walmart is paying some new store workers less than it would have three months ago, a sign that employers are seeking to cut labor costs as the once-hot market for hourly staff cools.” This is the first story of this kind we have seen. Also, they are the keynote speaker on day 1 of our retail conference next Tuesday, the 12th.

    In a recent earnings call, Walmart’s CFO voiced concerns about “uncertainty in the economy during the rest of the year.” The decision to reduce pay suggests that America’s largest employer is already feeling downward pressure in the economy. 

    Tyler Durden
    Fri, 09/08/2023 – 19:20

  • Power Vacuum: How The State Wants To Suck Electricity From The SUV You Are Required To Buy
    Power Vacuum: How The State Wants To Suck Electricity From The SUV You Are Required To Buy

    Authored by Thomas Buckley via The Mises Institute,

    A literal power vacuum – that’s what California Senate Bill 233 proposes.

    And what is to be sucked? Your electric car.

    The bill – which has passed the Senate and is now winding its way through the Assembly – states that all new electric vehicles to be sold in California after 2030 be “bidirectional.”

    Because the state has decided to essentially go all electric without having the ability to actually provide enough electricity, the climate warriors have gotten a bit creative and now see the millions of electric vehicles (EVs) in the state as tiny batteries to make up for their incompetence.

    Currently, not every EV can send power back to the grid (like home solar panels that ship excess power to their local utility.) The bill—almost certain to pass because this is California—would change that.

    The bill, however, is only the first step in the process of being able to drain your EV, as the technology to get the electricity back onto the grid does not actually exist. As with so many other Golden State climate-related projects, it is based on being able to do it someday . . . probably . . . maybe.

    While this approach allows solons and nabobs to tout their green-a-fides, set even more absurd future goals by assuming things will work eventually, increase state spending to fund such projects, and create an excuse to not actually do anything practical—like build natural gas generators—to shore up the state’s extremely wobbly grid, it does nothing to address California’s self-imposed “energy insecurity.”

    The idea becomes even more absurd when one considers that shortly after announcing all new vehicles sold in the state by 2035 must be electric, the state asked the public to not charge their EVs after work because the grid couldn’t handle it.

    In theory, this bill raises the specter of electricity being drained out of your full Tesla to power your neighbor’s empty Volt.

    Furthermore, the concept is extremely dangerous. Imagine an emergency situation in which you have to leave your home immediately but you cannot because the state drained your car. The implications for fire evacuations, earthquake response, etc. are terrifying.

    And its not terribly clear if you would get paid for your power and/or if you would have to buy it back.

    Beyond the impracticalities, the concept does shine a light, as it were, on how easily the electrical power supply can be controlled and—if the grid is your only power option (no gas cars, no gas stoves, no propane, etc.)—how easily the public can be controlled through it.

    From “The Psychology of Electricity”:

    Now, a person can go to a gas station, put solar panels on their roof, buy propane at the hardware store, use natural gas in their home, even cut down trees to burn for heat. In other words, there are options other than electricity; there are literally millions of ways to not need to use electricity.

    But imagine a literally all-electric world—you are reduced, confined, required to get the energy you need to live from one source, one centrally (by necessity) controlled source that everything you own runs on, one centrally controlled source that can cut the power to your specific home anytime it wants.

    Conceivably—see China/social credit systems/central bank digital currency/“you’ll own nothing and be happy” and smart city concepts—[the] reasons for the power being cut will move beyond just being bill-related but conduct-related.

    The power of energy as a social control lever is nearly limitless.

    And that’s another reason why this legislative initiative is a very bad idea.

    Tyler Durden
    Fri, 09/08/2023 – 19:00

  • Biden's New Campaign Ad Presents Him As Last Action Hero Entering Ukraine "Under The Cover Of Night"
    Biden’s New Campaign Ad Presents Him As Last Action Hero Entering Ukraine “Under The Cover Of Night”

    He entered Ukraine under the cover of night. And in the morning, Joe Biden walked shoulder to shoulder with our allies in the war-torn streets,” the narrator of a new one-minute Biden campaign ad begins. “Standing up for democracy in a place where a tyrant is waging war to take it away.”

    Ahead of the 2024 presidential election, where he’ll likely face Trump as the Republican nominee, the Biden team is focusing the reelection campaign around his surprise visit to Ukraine which took place last February. It’s being touted as the first time in American history that a sitting president traveled to an allied nation at war. “In the middle of a war zone, Joe Biden showed the world what America is made of,” the narrator says. “That’s the quiet strength of a true leader, who doesn’t back down to a dictator.” Watch the one-minute ad below:

    So while his critics sarcastically refer to him as “sleepy Joe” – his supporters are envisioning him as some kind of last action hero being covertly whisked into a dangerous “war zone” in the dark of night. “Air raid sirens blared as the two men walked together,” the clip dramatically continues, showing Biden shoulder to shoulder with Zelensky.

    The video was timed to be released to coincide with Biden’s trip to the G20 summit in India, where he’ll likely have strong words for Putin, who will not be attendance. NBC writes of the spot entitled simply “War Zone”:

    The new, 60-second advertisement will air in battleground states this weekend during the prime-time broadcast of “60 Minutes” while Biden is due to attend the G-20 Summit here, a gathering of leaders of the world’s largest economies that won’t include two geopolitical rivals, Russia’s Vladimir Putin and China’s Xi Jinping.

    This comes as he’s set to pour yet billions more of American taxpayer dollars into Kiev’s coffers. Yet war observers and analysts have of late expressed intensifying concern over uncontrollable escalation in what’s now obviously a US-NATO proxy war against Russia. But Biden is doubling or tripling down, showing the world “what America is made of”, apparently.

    At a moment Congress is mulling Biden’s latest request for more than $24 billion for Ukraine, one independent commentator has compiled a list of the mammoth aid sent so far. Again, the below is all “courtesy” of the American taxpayer, many of them unwilling of course…

    • 2/20/2023 $500 Million
    • 2/23/2023 $10 Billion
    • 2/24/2023 $2 Billion
    • 3/3/2023 $400 Million
    • 3/20/2023 $350 Million
    • 4/04/2023 $2.6 Billion
    • 4/19/2023 $325 Million
    • 5/08/2023 $1.2 Billion
    • 5/18/2023 $3 Billion
    • 5/19/2023 $375 Million
    • 5/19/2023 $40 Billion
    • 5/31/2023 $300 Million
    • 6/09/2023 $2.1 Billion
    • 6/13/2023 $325 Million
    • 6/16/2023 $205 Million
    • 6/20/2023 $6.2 Billion
    • 6/26/2023 $500 Million
    • 07/07/2023 $800 Million
    • 07/18/2023 $1.3 Billion
    • 07/21/2023 $400 Million
    • 08/13/2023 $13 Billion
    • 08/15/2023 $200 Million
    • 08/29/2023 $250 Million
    • 09/05/2023 $125 Million
    • 09/06/2023 $1 Billion
    • 09/07/2023 $600 Million

    …and these are just the publicly disclosed funds spent – never mind what’s likely a massive CIA black budget for Ukraine.

    Meanwhile, look how Huffington Post and the “never Trump” MSM is already framing the “issues” going into 2024… the GOP is supposedly “appeasing Putin”. According to the far left outlet, “As GOP Argues About Whether To Appease Putin, Biden Leans In On Support To Ukraine”:

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Fri, 09/08/2023 – 18:40

  • Reinventing Democracy
    Reinventing Democracy

    Authored by Charles Hugh Smith via OfTwoMinds blog,

    The whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

    What’s the point of discussing reforms that aren’t even possible in the current status quo? That’s a good question, as any discussion of major systemic changes can be dismissed as pointless (since they’ll never be adopted), and a distraction from the “real work” that can be managed within the current system.

    On the other hand, we might ask: what’s the point of discussing what is do-able in the status quo, i.e. superficial feel-good policy tweaks that change nothing in the power structure? In other words, everything is ultimately a superficial feel-good policy tweak if it doesn’t change how power, “money,” credit and resources are amassed and distributed.

    The argument for discussing “impossible” systemic changes is this: we must ponder other ways to structure who has power for two reasons: 1) to validate how far we descended into neofeudalism and neocolonialism, and thus how desperately we need to re-arrange the power structure, and 2) to explore different models of governance and economic incentives, with an eye on the value of competition between ideas and systems.

    Richard Bonugli and I discuss ways to restore or reinvent democracy in our recent podcast, The Roundtable Insight Vision Series: Democracy (29:36).

    Although this sounds cynical, it isn’t: democracy is not really about self-rule, it’s about keeping an elite-run system stable by institutionalizing a safety valve and a governor on elite greed, corruption and mismanagement.

    Democracy gives the rabble a restricted voice as a means of limiting elite misrule, which is the natural path taken by elites everywhere, in all eras. The elite echo-chamber is: we’re entitled (by birth, rights granted by the gods, superior intelligence, merit, etc.) to rule, and therefore whatever we decide is wise–even if it is self-serving and delusional.

    Other models of governance rely on competition between elites to keep whichever elite is currently dominant from destroying the whole arrangement via their hubris, narcissism, greed, corruption, stupidity, delusions of grandeur and all the other pathologies of power.

    These models tend to fail because the dominant elite tends to see eliminating competitors as a very good strategy for consolidating power–just like corporations always seek monopolies or cartel arrangements to eliminate the pesky risks of open competition–which as we all know, introduces the possibility of losing, which a bad thing. To eliminate the possibility of losing, eliminate competition: what an excellent solution!

    This is why “capitalism” isn’t really about free markets, any more than colonialism is about “civilizing the natives;” it’s all about eliminating competition and rigging markets. In this way, “capitalism” and democracy are a perfect partnership, as each claims a noble cloak to obscure the actual machinery of elite self-service.

    The strength of democracy in system terms is it introduces a feedback loop that serves to limit systemically dangerous extremes, for example, a dictatorship that requires everyone to wear their underwear on the outside of their clothing, or (ahem) a system like ours that has boiled away social mobility and financial security, leaving a rapaciously exploitive machine that feeds off persuading poor people to borrow even more money to convince themselves that they’re not poor and powerless.

    The wealthy own the income-producing capital, the poor “own” debt: the wealthy own the mortgage / auto loan / student loan, the poor owe the mortgage / auto loan / student loan. Funny how neofeudalism works: the financial aristocracy is in the castle, protected by the Central State, and the debt-serfs are toiling away down there, protected by, well, no one. But by all means, vote for your favorite actor on the tawdry side-stage erected to amuse the public: what flourishes, what emotion, what comedy.

    (Please pardon the outburst of “truthiness.” I’ll try not to let it happen again.)

    If democracy is boiled away, the only pressure-relief valve and governor-on-greed left is messy uprising or a messy uprising plus the wholesale abandonment of the status quo by the technocrat class that keeps the whole thing glued together (what I call opting out).

    The prime directive in governance is to always, always, always centralize power to extend the reach of the elite currently at the wheel, and to limit the number of grubby hands trying to reach the wheel. Centralizing political power makes life considerably easier for elites, as they only need to bribe, blackmail or persuade a handful of folks at the top to cement their power / monopoly /cartel.

    I discuss this in my book Resistance, Revolution, Liberation.

    Consider the difficulties of cementing a quasi-monopoly on banking if banking were restricted to the county level. The would-be cartel grifters would have to bribe, blackmail or persuade 3,000+ county councils, all of whom are far closer to voters and far more exposed to competition than federal regulators or the Federal Reserve or Congress-critters, who as we all know, are re-elected like clockwork except in a few cases that are basically signal noise.

    This illustrates the value of Subsidiarity in a democracy, with Subsidiarity defined as “the principle that a central authority should have a subsidiary function, performing only those tasks which cannot be performed at a more local level.”

    The Subsidiarity principle only works in a democracy if capital is also democratized. What’s conveniently forgotten or left unsaid is: capital always “votes” three times.

    1) Capital’s beneficiaries, allies and employees will vote to keep their gravy train running;

    2) Capital influences the public with ad campaigns and public relations, all of which are quite affordable;

    3) Capital influences the political / regulatory power players in private, a.k.a. lobbying, revolving doors between corporations and the political/regulatory agencies, junkets, farcically bloated speaking fees, etc.

    The only possible conclusion: if we don’t democratize capital, democracy is boiled away. I wish this could be sugarcoated, but it’s much like my other aphorism: if we don’t change the way money is created and distributed, we’ve change nothing.

    In other words, if we don’t change the money/credit system and democratize capital, then all we’ll ever have is more superficial feel-good policy tweaks: all sound and fury, signifying nothing.

    There are ways to re-structure the system to restore / reinvent democracy. Ellen Brown has made a persuasive case for public / community banking for many years, and the same idea can be applied to private-sector companies: How Community Companies Can Smash Monopolies (via Sadie).

    It seems impossible at this point to decentralize power and capital, but with the pressure-relief valve and governor-on-greed of democracy both disabled, the system is starting to shake apart at the seams. I’ve often discussed the various classes and elites jostling for power in the U.S., and it’s possible some elite might awaken to the necessity to restore the possibility that those with the vast majority of wealth and power might actually lose, i.e. restore real competition in the economy and our system of governance.

    This competition starts with the competition of ideas. That’s the point of our discussion on Democracy (29:36), which covers many other interesting ideas for decentralizing / reinventing democracy.

    Where to start? Here: the whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

    (via K.K.)

    *  *  *

    My new book is now available at a 10% discount ($8.95 ebook, $18 print): Self-Reliance in the 21st Century. Read the first chapter for free (PDF)

    Become a $1/month patron of my work via patreon.com.

    Tyler Durden
    Fri, 09/08/2023 – 18:20

  • BofA Warns Clients Detroit Auto "Strike Almost Guaranteed"
    BofA Warns Clients Detroit Auto “Strike Almost Guaranteed”

    The United Auto Workers are nearing the end of their negotiations with Detroit’s “Big Three” automakers – General Motors, Ford, and Stellantis, the producer of Chrysler – concerning a new four-year labor agreement for approximately 146,000 workers. The current labor contract expires next Thursday as the union has made demands that even the UAW’s own president calls “audacious.” 

    General Motors and Ford have already sent their proposal contracts to UAW earlier this week and last — only to get quickly rejected. On Friday, Stellantis made its first proposal on wages of around 14.5% — still well under UAW President Shawn Fain’s demand of 46% over four years

    The automakers’ underwhelming offers put President Biden in a tough spot ahead of next week. “Union Joe,” while relaxing at his beach house in liberal white-elitest Rehoboth Beach last week, said he ‘wasn’t too worried about potential strikes.’ 

    Fain has described the labor talk discussions with Detroit’s Big Three as a battle between billionaires and the working class. As the deadline looms, none of the proposals have met the union’s demands, which has led John Murphy, a senior auto analyst at Bank of America Securities, to warn clients on Friday: “Strike almost guaranteed” next week. 

    Murphy expects negotiations will result in a 25-30% increase in labor costs over the next four years with “sizable cash signing bonuses and adjustments to other benefits” once contracts are finalized. 

    He said the word on the street is “UAW may offer a counter-proposal to the OEM offers shortly” but warned, “We continue to believe a strike is very likely after the Master Agreement expires next Thursday, September 14.” 

    Murphy explained if a strike was to occur next Thur., then negative headlines could weigh down automaker stocks: 

    Should this occur, it could drive some headline-related downwards movement to the stocks, but our discussions with investors and the valuations for GM and Ford (with the stocks down – 15% and – 9%, respectively since 7/31 vs. – 3% for S&P 500) suggest the stocks largely reflect the risks of a material strike. The UAW’s strike with GM in 2019 lasted 6 weeks and a one – to two-month strike appears to be the likely outcome here, in our view.

    When BofA’s note was published, Stellantis had not disclosed their proposal to the union. Below is a comprehensive overview of the offers from Ford and GM and how they match up with UAW’s demands.

    Everyone is eagerly awaiting UAW’s counter-offer before the deadline next Thursday. Union Joe may care a little more this weekend. 

    Tyler Durden
    Fri, 09/08/2023 – 18:00

  • The Rise Of Unapologetically Partisan News Reporting
    The Rise Of Unapologetically Partisan News Reporting

    Authored by Carl M. Cannon via RealClear Wire,

    The Huffington Post was envisioned from its inception as a progressive answer to conservative talk radio and various right-leaning voices being amplified by new technology. Most specifically, it was designed as a counterpoint to the Drudge Report, a widely read and highly profitable website with populist sensibilities. The players involved in planning the new venture belonged to a select clique of Hollywood liberals and political activists in Arianna Huffington’s orbit.

    Among the cast of characters were film mogul David Geffen, a prodigious Democratic Party donor, along with Democratic political consultants Peter Daou and James Boyce. Jonah Peretti, a 30-year-old marketing whiz kid (and future BuzzFeed founder), was present at HuffPo’s inception, as was Kenneth Lerer, a New York investor who secured most of the money for the new venture.

    The least likely member of the core group was Andrew Breitbart, a creative and energetic conservative blogger in his mid-30s who had worked on the Drudge Report himself. Although he passed muster with the group because he was relatively liberal on social issues, Breitbart’s real connection to the enterprise was that he had known Arianna Huffington since the 1990s — when she was still an outspoken conservative. The most charismatic collaborator, of course, was the eponymous founder herself.

    “Arianna,” as everyone called her, first attained prominence in California politics as the wife of one-term Republican Congressman Michael Huffington, heir to a family fortune made in oil and gas exploration. Michael Huffington lost his 1994 Senate campaign, and the couple divorced in 1997. By 1998, Arianna was rejecting party labels and asserting that conventional “left-right divisions are so outdated.” Her evolution was just beginning. In 2001 she joined forces with environmental activist Laurie David in an endeavor dubbed the Detroit Project, which sought to shame automakers (and the Bush administration) into phasing out gas-guzzling cars and trucks.

    By April 2004, Arianna was endorsing Democratic presidential nominee John Kerry on Jon Stewart’s “The Daily Show.” In July of that year, when asked during an interview in her stylish Brentwood home what she wanted out of life, Arianna replied, “I want George Bush defeated.”

    Although this answer struck Los Angeles magazine writer Steve Oney as glib, it turned out to be sincere. When her wish didn’t come true — when Bush won reelection by defeating Kerry — Huffington pursued the online journalism venture that still bears her name. Meeting in that same house in the weeks after the 2004 presidential election, a new and overtly partisan outlet was fast-tracked. It launched on May 9, 2005.

    Many traditional reporters and editors were troubled by the new direction journalism seemed to be taking. It wasn’t only the creation of the Huffington Post. Veteran political writers at venerable news organizations complained privately how sneering at Republicans, President Bush in particular, had become commonplace in their newsrooms. The legacy media had been considered left-of-center for decades, but something was changing. Conservatives had long complained about their treatment in the press (while progressives simply denied the existence of “liberal bias”), but open partisanship in newsrooms had long been discouraged.

    The Huffington Post didn’t engage in any such charades. As it gained traction in the first decade of the new millennium, its editors made no pretense about which side of the ideological spectrum it occupied. Arianna certainly didn’t.

    We are opposed to the war in Iraq,” she told Washington Post media reporter Howard Kurtz in 2007. “We think the troops should come home. [Huffington Post] headlines are going to reflect what is in the best interests of the country.”

    A handful of media critics considered this trend not just refreshing for its candor, but an improvement over the old journalism model. For starters, they found it more intellectually honest. Also, at a time when the old advertising foundation was cracking, Huffington Post’s ability to quickly attract a huge readership showed that the Fox News business model might translate to the Internet. “Attitude is a huge positive, not a negative,” Ken Lerer told Kurtz. “People don’t have to love you. Maybe people come to you because they don’t love you.”

    “Attitude” was only part of the Huffington Post formula. Initially, celebrity journalism was an ingredient of its secret sauce. Well-known Hollywood liberals such as Warren Beatty, Diane Keaton, Robert Redford and Julia Louis-Dreyfus graced its pages with their (typically liberal) takes. HuffPo gave space to prominent progressives ranging from Dennis Kucinich and Melinda Gates to Alec Baldwin and Bernie Sanders. Lefty activists Ralph Nader and Michael Moore were contributors, as were more traditional Democrats Gary Hart and John Conyers.

    Their work was supplemented by the hiring of respected journalists such as Thomas B. Edsall and Mickey Kaus. The success of the enterprise also depended on the sheer volume of the site’s content. This was accomplished by several additional strategies. One was aggressively appropriating other outlets’ work, a practice that gave way to the slightly more kosher ploy of doing quick rewrites of other journalists’ work. (“Lynn Sweet: Obama Reorganizing Campaign, Reinforcing Leadership Ranks”). Finally, traffic was also driven by an army of “citizen journalists” who reported and wrote for HuffPo without remuneration.

    All these efforts were overseen by a cadre of editors who carefully monitored readership traffic and changed headlines or swapped out stories that weren’t doing well. The site’s success inspired copycats, some of them on the right. Just as HuffPost was a response to Drudge, conservative properties such as the Daily Caller were launched as antidotes to what their founders considered a mostly liberal landscape, including Arianna Huffington’s new online powerhouse. (Once again, the ubiquitous Andrew Breitbart was in the middle of it.)

    For the most part, these imitators mimicked the ideological imbalance of HuffPo. This view of the press — as a weapon for political advocacy — has only gained traction in the ensuing years, among partisans on both sides of the political divide.

    “One reason conservatives hate the ‘mainstream media’ is that it pretends to be something it isn’t,” British columnist Nathan Robinson wrote in The Guardian. The editor of Current Affairs, an online socialist publication, Robinson suggested in his 2019 essay that readers are alienated by hypocrisy more than ideology. “The best course of action is to acknowledge where we’re coming from,” he wrote. “If we show an awareness of our own political leanings, it actually makes us more trustworthy than if we’re in denial about them.”

    Some conservatives arrived at the same conclusion. Amid the feeding frenzy accompanying the Brett Kavanaugh Supreme Court confirmation process, a headline in The Federalist gave voice to this view: “The Entire Media Is Biased: They Should Just Embrace It.”

    It’s a provocative point of view, but it raises other questions. Let’s start with one point raised by Nathan Robinson: “more trustworthy” to whom? Ideologues who agree with you already? Partisans who despise you, but give you credit for being honest? Perhaps. But what about moderates or political independents — or fair-minded partisans who crave a more fact-based diet of political news without the relentless spin? This cohort, which ranges from a significant minority to a plurality of the voting public depending on the issue, seems vastly underrepresented in the new landscape of political journalism.

    Yes, it’s true that Fox News’ regular viewers generally find the network credible. Ditto for devotees of MSNBC. But these audiences are, by design, self-selecting peer review panels. Fox News’ motto since 2017 has been “Most Watched. Most Trusted.” The logic here is circular. Fox is trusted by those who watch it precisely because they know they’ll see what they want, which is bashing of Democrats and liberal elites and reflexively defending conservative personalities, politicians, policies, and culture. MSNBC and an increasing bloc of legacy media companies are Fox’s mirror image.

    The original slogan at Fox News, coined by Roger Ailes when he and Rupert Murdoch launched the network in 1996, was “Fair and Balanced.” This claim, which has resurfaced recently, induced apoplexy among liberals, which was partly Ailes’ intent. But that’s not all it was meant to signify. Inside the network, the mantra was understood to represent an intention that wasn’t cynical at all. Operating in a predominately liberal media landscape, Fox was promising to be “fair” to Republicans and their voters by providing the “balance” conservatives found missing in the rest of the press.

    One prominent Fox News journalist told me that those who dismissed Fox programming as being targeted to “a niche” market revealed the problem — and the key to Fox’s success. “Quite a niche,” he quipped. “Half the country.”

    Profitability of a Partisan Press

    Modern journalism — or, at least, modern American journalism education — dates to 1908 at the founding of the journalism school at the University of Missouri. The “J-school” is situated in the heart of the sprawling campus, which is fitting because the program has long been a source of pride for Mizzou graduates as well as journalists who’ve never even visited the college.

    Walter Williams, the visionary who started the program and later became president of the university, wrote a “journalist’s creed” that has been etched in bronze at the National Press Club in Washington, D.C., since 1958, the 50th anniversary of the founding of Missouri’s journalism school. Some of its language sounds stilted today, but the larger question is whether the values of the creed are considered outdated in the 21st century.

    Let’s consider three items memorialized by Williams’ creed:

    • A media property is “a public trust … and acceptance of a lesser service than the public service is betrayal of this trust.”
    • “Clear thinking and clear statement, accuracy and fairness are fundamental to good journalism.”
    • “Suppression of the news, for any consideration other than the welfare of society, is indefensible.”

    Powerful forces in contemporary America are working to undermine those tenets. Financial considerations are one of them. In 2008, Fox News surpassed $500 million in annual profits. This was nearly as much as CNN ($410 million) and MSNBC ($148 million) netted combined — and a $200 million increase over 2007.

    What happened in the centennial year of America’s first journalism school that made a television network with a readily identifiable point of view so profitable? Here’s part of the answer: A national political campaign took place featuring two Democratic presidential candidates whom Bill O’Reilly and other Fox News commentators pilloried relentlessly. These attacks appealed to conservatives, who flocked to Fox for the nightly skewering of Hillary Clinton and Barack Obama. Higher ratings translated into higher advertising revenues.

    Executives at rival networks noticed. Progressive commentators, too. One anchorman in particular had been seething over Fox’s influence for years. As Howard Kurtz noted, MSNBC anchorman Keith Olbermann had already consciously positioned his nightly program as “a liberal alternative” to O’Reilly’s show. Years before Donald Trump arrived on the political scene, Keith Olbermann conducted public discourse like a New York insult comic.

    Once, at a television award show, Olbermann gave O’Reilly a Nazi salute. When he wasn’t saying George W. Bush and Dick Cheney had committed impeachable offenses and should resign, Olbermann was accusing the president and vice president of being stupid, dishonest, cowardly, and hypocritical. Olbermann framed one segment on Bush thusly: “Pathological presidential liar or an idiot-in-chief?” On Valentine’s Day in 2008, he called Bush “a fascist,” and later that year urged John McCain to “suspend” his campaign. Most incongruously — and in an eerie foreshadowing of Trump’s own slurs against McCain — Olbermann declared that the acclaimed Vietnam War hero displayed a “disturbing lack of faith in America.”

    Periodically, the suits at NBC would give lip service to reining Olbermann in, but their hearts weren’t in it. For one thing, the feud he initiated with Bill O’Reilly led to skyrocketing ratings. Liberal audiences loved it, and his show was one of the few MSNBC ever aired that made money. And after his contract was not renewed in 2011, it was clear that MSNBC had found its own niche. Olbermann’s place was taken by Rachel Maddow, a colleague he had mentored. The new anchor was brainy and hard-working, but just as liberal in her commentary. MSNBC had moved on from Keith Olbermann’s style, but not his substance. By August 2012, New York Times media critic Alessandra Stanley wrote a story titled “How MSNBC Became Fox’s Liberal Evil Twin.”

    The context for Stanley’s essay was MSNBC’s coverage of the Republican National Convention that nominated Mitt Romney. Stanley wrote that the network’s “hyped up panelists” routinely dismissed Republican assertions as “lies,” while taking various cheap shots (Chris Matthews claimed that the GOP looks upon welfare recipients as “looters”). Stanley noted that in “recasting itself as a left-leaning riposte to Fox News,” MSNBC drew significantly more GOP convention viewers than CNN.

    “That’s because,” she added, “MSNBC offers counterprogramming, not coverage.”

    Four years later, Donald Trump’s victory pushed CNN into the MSNBC camp. The New York Times followed suit. What had once been known as the “mainstream media” began to feature entire platoons of Keith Olbermanns not only among commentators and anchors, but even among supposedly nonpartisan White House correspondents tasked with covering the news.

    In the runup to Trump’s reelection campaign, journalist Matt Taibbi wrote a book about this development called “Hate, Inc.” In it, Taibbi attributed much of the press partisanship to bottom-line concerns. I initially thought his book title was too strong and that what openly partisan journalists were selling was indignation and outrage — and fear, maybe — but not hate. The events of Jan. 6, 2021, and their aftermath revealed that this may be a distinction without a difference.

    Whatever one calls it, this much can be said: In contrast to New York Times owner Adolph Ochs’ 1896 vow that his newspaper would “give the news impartially without fear or favor, regardless of party, sect, or interest” (and unlike Walter Williams’ creed calling suppression of the news “indefensible”), 21st century media outlets have a habit of hyping and inventing negative information harmful to the political faction they disapprove of, while downplaying or censoring facts detrimental to the side they favor. For much of the 20th century, this wouldn’t have been considered journalism at all.

    Rationalizing Regression

    It’s not a cop-out to concede that the arrival of the digital age posed historic challenges to the economic model and cherished assumptions of traditional media. Amid the chaos, novel arguments were proffered. Many were simply acknowledgements of new realities. Some were conscious challenges to the status quo, while others sought to rationalize problematic behavior on the part of the media. Here are four such arguments:

    • Defenders of the new free-wheeling style of journalism point out, not inaccurately, that for much of America’s history the press was unabashedly partisan. Objective, non-biased reporting aimed at a mass audience was a post-World War I development that is no longer relevant to modern audiences, or even economically viable.
    • In an unfettered media landscape, news consumers can find a multitude of views and choose from among them. What could be more egalitarian? If you dislike Rachel Maddow, switch to Tucker Carlson. The old model was staid and boring, these advocates say — and elitist. If one disparages television or radio shows or podcasts with high ratings, isn’t one denigrating the American people?
    • Reprising a theme from the 1960s, another critique of the traditional model comes from those who attack the very concept of objectivity. Arguing from the standpoint of identity politics, these critics dismiss the term as a standard “that was dictated by male editors in predominately white newsrooms and reinforced their own view of the world.” In this school of thought, the exigencies of covering race, sexual identity — and even climate change — necessitate going beyond what’s disparagingly called “bothsidesism.”
    • The trend of conflating opinion and news was a defense mechanism to cope with a presidential candidate who arrived on the scene with no experience and no desire to tell the truth — and who used social media to circumvent the media’s traditional gatekeeper role. This point of view was notably offered in an influential August 2016 column by New York Times media critic Jim Rutenberg, who framed the dilemma this way: “If you’re a working journalist and you believe that Donald J. Trump is a demagogue playing to the nation’s worst racist and nationalistic tendencies, that he cozies up to anti-American dictators and that he would be dangerous with control of the United States nuclear codes, how the heck are you supposed to cover him?” Although he posed the dilemma as a question — and pointed out the pitfalls of appearing partisan — Rutenberg suggested that reporters who found the idea of a Trump presidency a danger would naturally “move closer than you’ve ever been to being oppositional.” Many did just that.

    For purposes of this essay, let’s stipulate that those reasons are offered in good faith by people who care about the civic life of this nation. That does not make them right.

    Back to the Future

    Whatever one thinks of partisan journalism, those who say that it’s not a new phenomenon are correct. The first newspaper to cover politics on these shores, the New York Weekly Journal, is not only the publication that inspired the name of this series. A partisan organ, it helped foster the idea of a free press on this continent in 1735.

    It’s also true that a partisan press helped bring America into existence. In 1776, the American Colonies had 50 newspapers, many of them agitating openly for revolution. By the time George Washington completed two terms as president, this number had quintupled. The Colonial-era press took sides in the nation’s most fractious disputes: The Federalist Party we associate with Alexander Hamilton and John Adams (and the Democrat-Republicans of Thomas Jefferson and James Madison) were identifiable by the newspapers that supported them. Six decades later, partisan newspapers stoked the passions that led to civil war.

    “Editors unabashedly shaped the news and their editorial comment to partisan purposes,” Harvard historian William E. Gienapp noted in a study of 1850s American newspapers. “They sought to convert the doubters, recover the wavering, and hold the committed.”

    Partisanship was extreme on both sides,” Lincoln scholar Richard Allen Heckman wrote a century after the Civil War ended. In what seems like a contemporary description, Allen added, “Republican and Democratic papers often arrived at opposite conclusions after witnessing the same event.”

    Does this sound familiar? It should. After Hunter Biden’s business partner Devon Archer testified before the House Oversight Committee, most of the legacy media issued a verdict: Nothing to see here. Echoing Democratic Rep. Dan Goldman, The New Republic put this headline on its story: “New Transcript: Star Hunter Biden Witness Refuted Every GOP Talking Point. Hunter Biden’s former business partner, Devon Archer, undermined all of Republicans’ claims in his testimony.”

    Meanwhile, Fox News had an entirely different take: The headline of its online story was “Devon Archer Transcript Shows How Democrat Rep. Goldman Spun ‘Illusion of Access’ Narrative.” Mind you, these are competing stories reporting on the very same transcript.

    Not everyone sees this as a problem. But the events of Jan. 6, 2021, show what happens in a hyper-partisan political environment when “red” America and “blue” America have fundamental differences of opinion on something as basic as whether a presidential election was honest or a sham.

    Americans of different races, creeds, generations, religions, geography, and political affiliation have always differed in their perceptions of politics and culture. But having a baseline set of shared facts turns out to be important. Political parties deliberately skew those facts for their own purposes. However, when journalists repeat those partisan narratives word for word — or, worse, amplify them — they are interfering with the prime directive.

    Earlier this year, political scientists David Broockman and Joshua Kalla released a study showing how many Americans dwell in media “echo chambers” that not only bolster their existing political biases, but deepen their level of partisanship.

    Most people who tune in to Fox News lean to the right, but Fox draws them further to the right,” Broockman explained. “Likewise, MSNBC is pulling those to the left further left. And neither side almost ever watches the other.

    This is the succinct rebuttal to those with laissez-faire attitudes about partisan news coverage. Americans can get the other side of the story, if they try, but don’t often do so. Ken Lerer’s expressed hope that conservatives might read the Huffington Post to know what the other side is thinking is not how most people consume media.

    It was always thus. In “The Press Gang: Newspapers and Politics, 1865-1878,” scholar Mark Wahlgren Summers wrote how common it was for publishers to knowingly print lies or simply ignore newsworthy events that reflected poorly on their party. “The truth was not suppressed,” Summers wrote. “It was simply hard to get in any one place.”

    Readers who wanted to know what was really happening in local as well as national politics had to read several newspapers, not just one. The problem is that this is not how most citizens consume news, and it never was. My point here is that journalists in this country haven’t always even attempted to provide their readers, listeners, and viewers with the complete story. They haven’t always tried to tell the truth. But this elusive quest is the implied promise that helped create the idea of a free press in the first place.

    ‘The Best Cause’

    Although rarely invoked today, the name John Peter Zenger still lingers in the recesses of American journalism’s institutional memory. The University of Arizona gives an annual award in his name. The National Press Club has a room named after him. A bronze plaque in New York City signifies the site of a local election, in 1733, covered by Zenger’s newspaper, The New York Weekly Journal.

    For the better part of three centuries, Zenger’s sacrifice was praised whenever freedom of the press was mentioned. Arrested in November 1734 on charges of “seditious libel” after his newspaper criticized the royal governor of New York, Zenger persisted in publishing from jail with help from his wife and sons — and the political provocateurs who wrote the offending material. Nine months later, Zenger was acquitted in a sensational jury trial. Fifty years after that, Gouverneur Morris, a signer of the U.S. Constitution, wrote: “The trial of Zenger in 1735 was the germ of American freedom, the morning star of that liberty which subsequently revolutionized America.”

    Although there is truth in this characterization, the story is not that tidy.

    Peter Zenger, as he preferred to be called, arrived in New York harbor in 1709 speaking little English and facing daunting prospects. The Zenger family — Peter, his parents and two younger siblings — were among the 2,200 German refugees from the Palatinate region who sailed in a 10-ship flotilla to America in search of religious freedom. The crossing was harrowing: Some 470 of the migrants perished, among them Peter’s father. At 13, the oldest Zenger child needed to find a trade to help support his family.

    The boy landed an apprenticeship with a publisher named William Bradford, a kindly Quaker who had followed his own father’s footsteps. In the early days of manual typesetting, publishing was an exacting, highly technical craft. There were other obstacles, too, including the scarcity of ink and paper. The biggest danger was running afoul of the authorities.

    “To understate the matter, the printing trade was not much encouraged in colonial America,” Pulitzer Prize-winning author Richard Kluger noted wryly in his authoritative 2016 book, “Indelible Ink: The Trials of John Peter Zenger and the Birth of America’s Free Press.

    William Bradford knew this lesson well. He’d essentially been chased out of Pennsylvania for running afoul of William Penn and the Quaker elders who controlled every aspect of life in the colony. Bradford’s sins — for which he was fined, briefly imprisoned, and had his printing presses confiscated — included the mere mention of Penn’s name in an annual almanac and daring to reprint the colony’s official charter.

    But on both sides of the Atlantic, the most dreaded accusation was “seditious libel,” a felony. The American Colonies were ruled by Britain, where libel simply meant defaming or criticizing another person, especially someone associated with government. Under British common law dating to the notorious Star Chamber proceedings, truth was not a mitigating factor to the crime. “It is not material whether the libel be true or false,” the Star Chamber judges had ruled.

    That’s because the aim of libel law wasn’t to regulate civic discourse in a way that made it more honest. The law’s intent was to preserve order and prevent rabblerousers from riling up the populace. The controlling legal authority in British common law, and by extension in the Colonies, was titled “A Treatise of the Pleas of the Crown.” Written by an English barrister named William Hawkins, it held that printers and authors were guilty of defamation if they wrote or printed words that exposed any person, alive or dead, “to public hatred, contempt, or ridicule.”

    It did not matter if the defamed person already had a bad reputation. Taking Star Chamber logic to its ultimate, and ultimately perverse, conclusion, Hawkins explained “that it is far from being a justification of a libel that the contents thereof are true … since the greater the appearance of truth in any malicious invective, so much the more provoking it is.”

    Political factions were just getting started in New York, then a city of 10,000 souls. Newspapers were a rarity as well. The only two printers in the colony were Willam Bradford and his former apprentice, Zenger. Neither man was much interested in the news business. Mostly they reprinted religious tracts and government-approved legal notices and texts, much of Zenger’s in Dutch and German. Eight decades before the dawn of the great New York publishing houses, all books in New York were imported from London.

    This somnolent arrangement was disturbed by King George II’s 1732 appointment of a minor aristocrat and British military officer of little distinction named William Cosby to be the governor of New York and New Jersey. It was not an inspired appointment and Cosby’s preening nature and obvious greed immediately alienated the locals.

    His initial grift, which ignited the political fires in New York, was his insistence that the previous acting governor turn over the portion of his salary from the time Cosby was named to the job — even though he didn’t arrive in New York for many months. His predecessor, a well-connected Dutchman named Rip Van Dam, sued Cosby. When the colony’s chief justice, Lewis Morris, ruled against the new governor, Cosby simply replaced Judge Morris. A powerful and formidable lawyer with a habit of holding grudges, Morris used numerous machinations to fight back. One of them was teaming with his friend and ally James Alexander, another powerful lawyer, to persuade John Peter Zenger to publish a new newspaper.

    Appearing on Nov. 5, 1733 — 272 years before The Huffington Post — the first issue of the New York Weekly Journal carried the account of Lewis Morris’ political comeback: his election to the Assembly. For the next 10 months, in articles almost exclusively ghostwritten by James Alexander, the Journal published satire, limericks, and opinion pieces critical of Cosby, though never by name.

    Nobody was fooled, however, least of all Cosby, who variously ordered the newspapers burned, pressured the colony’s other printer to respond in kind, and finally had Zenger arrested and charged with a crime. In preparation for trial, Cosby tried to pack the jury with his allies and installed a crony named James De Lancey as chief justice in the colony. When lawyer William Smith and his co-counsel James Alexander (the anonymous author of the anti-Cosby material in Zenger’s broadsheet) made a pre-trial motion for De Lancey to recuse himself, the judge instead kicked them off the case — and disbarred them on the spot.

    This heavy-handed move backfired. Alexander sought the services of a Philadelphia lawyer named Andrew Hamilton. A native of Scotland, and not high-born, Hamilton had arrived in Virginia in his early 20s. He married into a Quaker family in Virginia, then moved to Maryland, where he helped write that colony’s laws and served in the legislature. After relocating to Pennsylvania in his 40s, Hamilton came to represent the family of William Penn, served as a member of the Pennsylvania Assembly, and supervised the construction of Philadelphia’s Independence Hall. Hamilton’s career signified the possibility of upward mobility in the New World. He was also considered the best trial lawyer on these shores. He would need to be.

    As expected, the prosecutor argued that the libel laws of England were the de facto libel laws of New York and that any defamation against the crown — or its agents — was merely a matter of proving the identity of the author. In other words, insofar as the jury was concerned, there was no real defense at all.

    Without exactly explaining why, Hamilton challenged this logic. He posited that the laws of England should not necessarily apply to New York. Judge De Lancey was utterly unpersuaded. “The jury may find that Zenger printed and published those papers and leave to the Court to judge whether they are libelous,” he responded. But the defense strategy was to talk past the judge — straight to the jury and, by implication, the wider court of American public opinion. Addressing his argument to Zenger’s peers, Hamilton was going for jury nullification: “I know that [the jurors] have the right beyond all dispute to determine both the law and the fact,” he intoned.

    In his summation, Hamilton went further: “The question before the court and you, gentlemen of the jury, is not of small or private concern. It is not the cause of the poor printer, nor of New York alone,” he said. “No! It may in its consequence affect every free man that lives under a British government on the main of America. It is the best cause. It is the cause of liberty.”

    The jury agreed with defense counsel. It returned quickly from its deliberations, and foreman Thomas Hunt called out the verdict: “Not guilty!” Hurrahs rang out through the courtroom, drowning out the demands of the judge for order. Something had been started that would be hard to quell.

    Skeptics

    As early broadcaster Westbrook Van Voorhis liked to say, time marches on. In the 1960s, a questioning era like our own, a slew of revisionist historians tossed cold water on the John Peter Zenger legend. For starters, he didn’t even write the material he was jailed for, they noted. And Gouverneur Morris, the Founding Father who eulogized the Zenger trial as “the germ of American freedom” and “the morning star” of liberty on these shores, was hardly an impartial chronicler: Lewis Morris was his grandfather.

    Pulitzer Prize-winning constitutional scholar Leonard Levy characterized the image of Colonial America as a society that cherished freedom of expression as “a sentimental hallucination.” Stanley Katz, a star Princeton historian, wrote that libel laws were reformed, in due time, but not because of anything James Alexander wrote, Peter Zenger printed, or Andrew Hamilton argued to a New York jury in 1735. It was, Katz claimed, “as if Peter Zenger had never existed.”

    Today, a more subtle kind of rethinking is taking place. Richard Kluger, who persuasively debunks the 1960s-era Zenger debunkers, gets to the heart of the matter. “William Cosby was almost surely an ignoble character during his 3½-year tenure in New York, but if he was in fact half the villain his colonial critics claimed, they failed to marshal firm evidence of it.”

    Moreover, after its inaugural issue, the New York Weekly Journal never covered another election after Lewis Morris’ return to the Assembly. Instead, its pages were used to compare Cosby to Nero, refer to the governor as “our affliction from London,” and accuse him of cluelessly escorting a French naval officer around the town so he could see the city’s defenses. Consorting with the enemy was a serious charge then, as it is today, but Zenger’s paper wasn’t calling Cosby a traitor. It was accusing him of being “but one degree removed from an idiot.”

    It was this kind of thing that prompted veteran newsman Bill Keller, in his New York Times review of Kluger’s book, to compare the New York Weekly Journal to the now-defunct gossip website Gawker. It was not intended as a compliment. More generally, ideologues on both sides invoke the style of America’s earliest newspapers to question the legacy, and even the virtue, of nonpartisan journalism and the striving for objectively.

    In an interview with “Frontline” in the early days of online journalism, Scott Johnson, co-founder of the conservative online outlet Power Line, put it this way: “The fact that the press was partisan and wild and outrageous during the Revolutionary era, during the era in which the Constitution was ratified, was not only true then; it really is the tradition of the American press up until the Progressive Era, essentially yesterday. The press was always partisan.”

    He’s not entirely wrong, but using this historic fact as an excuse to cover the news in a one-sided way today — trying to shape outcomes instead of merely to inform — misses the point of the jury’s verdict in the 1735 trial of Peter Zenger. His lawyer didn’t merely argue that government shouldn’t muzzle a free people. Andrew Hamilton compared a libel case in which a defendant couldn’t argue the truth of his statements to a murder trial in which the defendant couldn’t offer evidence that the victim was actually still alive.

    This gambit was a bluff. No witnesses could prove the truth of the contention that Gov. Cosby was “but one degree removed from an idiot” any more than Keith Olbermann could prove the same about George W. Bush. In the Zenger trial, Judge De Lancey didn’t buy it anyway. Nonetheless, Hamilton risked contempt of court by pivoting directly toward the jury and saying, “Then, gentlemen of the jury, it is to you we must now appeal for witnesses to the truth of the facts we have offered and are denied the liberty to prove.”

    Actually, neither side called any witnesses in that trial, but the jury took Hamilton’s point. Their verdict wasn’t an endorsement of defamation. It was a recognition that if a people are to be free, they have the right to pursue the truth and tell it as best they can — and that neither government nor any political faction has a monopoly on veracity. Pursuing truth, not partisanship, was the principle that carried the day in a New York City courtroom on Aug. 4, 1735.

    Citizen Journalists

    The Zenger saga has an instructive postscript. It occurred 273 years later, just three years after the launch of The Huffington Post.

    As it turned out, Arianna Huffington’s interests went far beyond creating an online media counterweight to George W. Bush’s presidency. Focusing on the future of journalism at a time when the old media’s business model was already under financial stress, Huffington joined forces with well-known New York University journalism professor Jay Rosen to create an army of “citizen journalists.”

    Launched in early 2007, the venture was named “OffTheBus,” a sly reference to Timothy Crouse’s classic 1973 book on presidential campaign reporting. This endeavor was a subversive response to the good-old-boy reporting network Crouse immortalized. OTB’s tag line was “Campaign coverage by people who are not in the club.”

    Ultimately, it engaged some 1,700 unpaid writers to cover the 2007-2008 presidential cycle. This all-volunteer army was overseen by a tiny staff of professionals. One was Marc Cooper, a progressive political writer and University of Southern California journalism professor. Another was Amanda Michel, who today is director of global engagement at The Guardian but in 2007 was a 29-year-old wunderkind with no formal journalism training. Her talent was harnessing online communities, which she’d learned while working on the Howard Dean and John Kerry presidential campaigns.

    Their team would produce thousands of stories and countless page views and attracted some 5 million unique visitors to Huffington Post’s website in October 2008 alone. Its best-remembered story, by far, was an account of an April 6, 2008, political fundraiser in Pacific Heights, a toney San Francisco neighborhood. The candidate was Barack Obama. The HuffPo citizen journalist in attendance was Mayhill Fowler, a 61-year-old native Tennessean who lived across the bay in Oakland.

    In the decades since she’d graduated from Vassar and moved to the Bay Area to study at the University of California at Berkeley, Fowler had wed and worked sporadically, by her own account, as “a teacher, editor and writer, but mostly raised two daughters.” An uncommonly thoughtful person, she had quickly emerged as a favorite among OTB’s editors — and readers. In an October 2007 piece on OTB, New York Times political writer Katharine Seelye singled Fowler out as one of the site’s “emerging star correspondents.”

    Fowler took a particular interest in Obama. She contributed the maximum $2,300 to his campaign, which was not only normal for OTB citizen journalists, but was encouraged, as it granted them increased access to campaigns they were covering. Fowler had previously traveled at her own expense to see Obama campaign in the Midwest and in Texas, but the San Francisco event was close to home so she wrangled an invite to the fundraiser, which was closed to the mainstream press. With Obama leading Hillary Clinton in pledged delegates, the conversation that night turned to the looming Pennsylvania primary. From the audience, some of whom were preparing to go east for the faceoff, came a question: What could they expect when they went to campaign in the Rust Belt?

    “You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them,” Obama replied. “And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are going to regenerate and they have not.”

    So far, so good. Then Obama added: “And it’s not surprising then they get bitter, they cling to guns or religion or antipathy toward people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

    Fowler had covered Obama when he campaigned across Pennsylvania and that’s not what he had said to the faces of those voters, and she was “taken aback” by his judgmental tone.

    “I’m a religious person, and I grew up poor in a very wealthy family — sometimes we didn’t have enough to eat, but my larger family was rich,” she told Seelye in an April 2008 story, adding that her father was a hunter. “Immediately, the remarks just really bothered me,” Fowler added. “For the first time, I realized he is an elitist.”

    Fowler had a dilemma. She was smart enough to know the sneering remarks about rural Americans might hurt the candidate whom she still wanted to win. She confided in her husband, who didn’t see anything particularly wrong with what Obama had said. But it nagged at her and she called Amanda Michel. To Michel’s credit, she advised Fowler, “If you’re going to cover the campaign, you have to not be partial or your coverage isn’t worth as much as it could be.”

    So, following her gut feeling and her editor’s supportive advice, Fowler blogged about the incident. Hillary Clinton’s campaign pounced, and the mainstream media jumped on the story (often omitting Fowler’s name). Some Obama fanboys attacked her for being disloyal, but Team Huffington rallied behind her. Arianna defended her reporter in a blog post while vacationing on a yacht, lambasting Clinton’s campaign. Jay Rosen, one of the most level-headed advocates of the proposition that disclosure of bias is preferable to feigned objectivity, examined the ethical questions thoroughly on his blog. After the campaign was over, Michel did something similar for Columbia Journalism Review.

    Almost two years later, Fowler published an e-book on the election, “Notes From a Clueless Journalist: Media, Bias and the Great Election of 2008.” It’s a nuanced and informative book, as anyone who read Fowler’s blog would expect. In the preface, she explains her motives, not just for writing about the Pacific Heights fundraiser, but also chronicling the inspiring saga of Barack Obama himself. “All I cared about,” she wrote, “was getting the election story.”

    Notwithstanding the title of her book, traditional reporters who read it or followed her writing found Fowler anything but clueless. She came across as committed, empathetic, curious, intellectually honest, and highly ethical. It gave many of us hope for the future.

    But here’s the rub, the postscript to the postscript, if you will: If something like that happened today, would an online media outlet with a clear point of view deign to report it? For that matter, would the legacy media? The treatment of the Hunter Biden laptop story suggests an answer, and it is not an encouraging one.

    Tyler Durden
    Fri, 09/08/2023 – 17:40

Digest powered by RSS Digest

Today’s News 8th September 2023

  • Slow Genocide Of 120,000 Armenian Christians Happening Under Azerbaijan Occupation: Report
    Slow Genocide Of 120,000 Armenian Christians Happening Under Azerbaijan Occupation: Report

    Authored by Raymond Ibrahim via The Gatestone Institute,

    The thousand-year-old genocide of Armenians at the hands of Turkic peoples has reached a new level. Several watchdog organizations — including the International Association of Genocide Scholars, Genocide Watch, and the Lemkin Institute for Genocide Prevention — are accusing Azerbaijan of committing genocide against the 120,000 Armenians living in Nagorno-Karabakh. Historically known as Artsakh, this ancient Armenian region was brought under Azerbaijani rule in 2020.

    Modern day hostilities between Armenia, an ancient nation and the first to adopt Christianity, and Azerbaijan, a Muslim nation that was created in 1918, began in September 2020, when Azerbaijan launched a war to capture Artsakh. Although it had been Armenian for more than 2,000 years and its population still remains 90% Armenian, after the dissolution of the USSR, the “border makers” granted it to the Republic of Azerbaijan, hence the constant warring over this region.

    Badly damaged Ghazanchetsots Holy Savior Cathedral in Shushi. AFP/Getty Images

    Once the September 2020 war began, Turkey quickly joined its Azerbaijani co-religionists against Armenia, even though the dispute did not concern it. It dispatched sharia-enforcing “jihadist groups” from Syria and Libya — including the pro-Muslim Brotherhood Hamza Division, which once kept naked women chained and imprisoned — to terrorize and slaughter Armenians.

    One of these captured mercenaries later confessed that he was “promised a monthly $2,000 payment for fighting against ‘kafirs’ in Artsakh, and an extra 100 dollar[s] for each beheaded kafir.” (Kafir, often translated as “infidel,” is Arabic for any non-Muslim who fails to submit to Islam, which makes them de facto enemies.)

    These Muslim groups committed massive atrocities (here and here). One included raping an Armenian female soldier and mother of three, before hacking off all four of her limbs, gouging out her eyes, and sticking one of her severed fingers inside her private parts.

    The war ended in November 2020, with Azerbaijan gaining control of a significant portion of Artsakh.

    Then, on December 12, 2022, Azerbaijan sealed off the humanitarian Lachin Corridor — the only route between Artsakh and the outside world. A recent report by the Dutch journalist Sonja Dahlmans summarizes the current situation:

    In the extreme southeastern part of Europe, known as the Caucasus, a silent genocide is looming. The Lachin Corridor that connects Armenia to Artsakh, the region in Azerbaijan where mainly Christian Armenians live, has been closed by the government for eight months. Supermarket shelves are empty; there is hardly any food, fuel, or medicine for the 120,000 Armenian Christians who live there, including 30,000 children and 20,000 seniors.

    “At the time of this writing [Aug. 24, 2023], a convoy of food and medicine has been standing in front of the border since July 25 [a month], but the International Red Cross is not allowed access to the inhabitants of Artsakh. According to journalists living in the area, most residents only get one meal a day. People in Artsakh queue for hours at night for bread, waiting for their daily rations. At the same time, sources within Artsakh report shooting at Armenians trying to harvest the land…

    “[I]n all probability bread will also soon be unavailable due to the shortage of fuel… Bakers can no longer heat their ovens. Last week, a 40-year-old Armenian man died of malnutrition. A pregnant woman lost her child because there was no fuel for transport to the hospital.”

    Separate reports tell of 19 humanitarian trucks “loaded with some 360 tons of medicine and food supplies” that have been parked for weeks and prevented from crossing.

    This is not the first time Turks starve Armenians to death (as this 1915 picture of a Turkish administrator taunting emaciated Armenian children with a piece of bread makes clear).

    On August 7, 2023, Luis Moreno Ocampo, former Chief Prosecutor of the International Criminal Court, framed the situation:

    “There is an ongoing Genocide against 120,000 Armenians living in Nagorno-Karabakh, also known as Artsakh.

    “The blockade of the Lachin Corridor by the Azerbaijani security forces impeding access to any food, medical supplies, and other essentials should be considered a Genocide under Article II, (c) of the Genocide Convention: ‘Deliberately inflicting on the group conditions of life calculated to bring about its physical destruction.’

    “There are no crematories, and there are no machete attacks. Starvation is the invisible Genocide weapon. Without immediate dramatic change, this group of Armenians will be destroyed in a few weeks.

    “Starvation as a method to destroy people was neglected by the entire international community when it was used against Armenians in 1915, Jews and Poles in 1939, Russians in Leningrad (now Saint Petersburg) in 1941, and Cambodians in 1975/1976.”

    Similarly, after going on a fact-finding mission to Armenia, former U.S. Ambassador-at-Large for International Religious Freedom Sam Brownback referred to the blockade as the latest attempt at “religious cleansing” of Christian Armenia:

    “Azerbaijan, with Turkey’s backing, is really slowly strangling Nagorno-Karabakh. They’re working to make it unlivable so that the region’s Armenian-Christian population is forced to leave, that’s what’s happening on the ground.”

    Muslim regimes regularly make life intolerable for Christian minorities, apparently to force them to abandon their properties and leave. A few weeks ago, the president of Iraq revoked a decade-old decree that granted Chaldean Patriarch Cardinal Louis Raphael Sako powers over Christian endowment affairs. “This is a political maneuver to seize the remainder of what Christians have left in Iraq and Baghdad and to expel them,” said Diya Butrus Slewa, a human rights activist from Ainkawa. “Unfortunately, this is a blatant targeting of the Christians and a threat to their rights.”

    In Artsakh, the situation seems to be worse: just as no one can get in, apparently no one can get out. Azerbaijan is holding those 120,000 Armenians captive, starving and abusing them at will.

    Brownback, in his testimony, said that this latest genocide is being “perpetrated with U.S.-supplied weaponry and backed by Turkey, a member of NATO.” If the U.S. does not act, “we will see again another ancient Christian population forced out of its homeland.”

    https://platform.twitter.com/widgets.js

    Not only has U.S. diplomacy been ineffective for the besieged Armenians; it has actually exacerbated matters by allowing the Azerbaijanis to continue their atrocities. According to one report:

    “[T]he only thing the Washington-backed talks appear to have produced is the emboldenment of Azerbaijan’s aggression….

    “For over eight months, the region’s 120,000 Indigenous Armenians—who declared their independence in the early 1990s following escalating violence and ethnic cleansing by Azerbaijan—have been deprived access to food, medicine, fuel, electricity, and water in what is nothing less than genocide by attrition….

    “The same week peace talks began in Washington, Baku [capital of Azerbaijan] tightened its blockade by establishing a military checkpoint at the Lachin Corridor. When Washington-based talks resumed in June, Azerbaijan began shelling the region. In the months since, the International Committee of the Red Cross has been denied access to Karabakh—and later reported that an Armenian patient in its care had been abducted by Azerbaijani forces en route to Armenia for treatment.

    This is the predictable consequence of Washington’s insistence on negotiations amid Azerbaijan’s blockade of Artsakh and occupation of Armenian territory. It has signaled to Baku that its strategy of coercive diplomacy is working, disincentivizing de-escalation, and forcing Armenia to negotiate with a gun to its head…

    “Washington has also actively strengthened Azerbaijan’s position by indicating support for Artsakh’s integration into Azerbaijan. Given Azerbaijan’s state-sponsored dehumanization of Armenians, the litany of human rights abuses perpetrated during and since the 2020 war, and its own disastrous domestic human rights record—it is impossible to imagine Armenians could ever live freely under Azerbaijan’s rule.

    “For Azerbaijan, this disingenuous participation in negotiations has allowed it to uphold the veneer of cooperation while engaging in conduct that has immeasurably set back the prospects of a durable peace.”

    Clearly, negotiating simply bought the Azerbaijanis more time in which to starve the Armenians, and possibly another way for the United States to pretend it was “doing something” without actually doing anything — apart from allowing more savagery.

    Indeed, part of the façade of diplomacy is that Azerbaijan insists that the Christian Armenians of Artsakh are being treated no differently than Muslim Azerbaijanis — since all are citizens of Azerbaijan. One report sheds light on this farce:

    “Azerbaijani President Ilham Aliyev and other officials have declared that the Armenians of Nagorno-Karabakh are citizens of Azerbaijan, seeming to back prior statements of Azerbaijani authorities pledging to guarantee the rights and security of ethnic Armenians.

    “But actions speak much louder. The First Nagorno-Karabakh War three decades ago arose following waves of anti-Armenian pogroms. Azerbaijan is now one of the most repressive and autocratic countries in the world, scoring among the lowest in the world on freedom and democracy indexes—in stark contrast to Armenia and Nagorno-Karabakh.

    “Aliyev (who inherited his post from his father) has confessed to having started the Second Nagorno-Karabakh War in 2020, and proudly admitted that a generation of Azerbaijanis has been brought up to deeply despise Armenians (here and here). He denies the Armenian Genocide (alongside Turkey) and negates the existence of Armenians as a nation, including their history, culture, and right to be present anywhere in the region.

    “No Armenian, not even a foreign national of ethnic Armenian descent or anyone with an Armenian sounding name, is allowed to enter Azerbaijan.

    “The results are clear: nearly every Armenian who fell into Azerbaijani captivity after the 2020 war has been persecuted, imprisoned, tortured, mutilated, decapitated or murdered. None of these acts has ever been punished. To the contrary, those who kill Armenians receive medals and are glorified in Azerbaijan. It is no wonder that Armenians are petrified and cannot fathom living under Azerbaijan’s authority.”

    Aside from the Lachin Corridor crisis, a recent 12-page report documents the systematic destruction of ancient churches, crosses, Christian cemeteries, and other cultural landmarks on land — Artsakh — that historically belonged to the world’s oldest Christian nation, Armenia.

    One example is the Holy Savior Cathedral in Shushi, Artsakh. First, Azerbaijan bombed the church during the 2020 war, an act Human Rights Watch labeled a “possible war crime.” Then, after the war, with Azerbaijan having seized the area, officials claimed to be “restoring” the church, when in fact its dome and cross were removed, making the building look less like a church. As one report notes:

    “The ‘case’ of Shushi is indicative of the well-documented history of Armenian cultural and religious destruction by Azerbaijan. From 1997 to 2006, Azerbaijan systematically obliterated almost all traces of Armenian culture in the Nakhichevan area, which included the destruction of medieval churches, thousands of carved stone crosses (“khachkars”), and historical tombstones.”

    Dahlmans also reports:

    “[A]n Armenian church in Artsakh… disappeared after Azerbaijan’s victory in the second Nagorno-Karabakh war (2020). During the victory, Azerbaijani soldiers pose on top of the church shouting ‘Allahu Akbar’… [T]he church has been completely wiped out and only a few stones remain as a reminder…

    “The Western press rarely writes about the Nagorno-Karabakh conflict. Most reactions follow the line that it is not a religious conflict, but a claim by two countries over a disputed territory. Given the many examples that exist in which precisely religious buildings, tombs and inscriptions are systematically destroyed, it is difficult to maintain that this is the case. “

    One of the main reasons that Armenia finds itself standing alone against this genocidal onslaught is due to the West’s “desire to maintain favorable relations with Azerbaijan given its role as a European energy partner [and this] has outweighed any purported commitment to upholding human rights—bolstering Azerbaijan’s aggression.”

    It is these same priorities that have made Russia, once the defender of all Orthodox Christian nations in the East, more apathetic than might be expected. According to another report:

    “Azerbaijan was able to impose this blockade because Russian peacekeepers allow them to do so. The Russians are there as part of a ceasefire agreement ending the Second Nagorno-Karabakh War. The same agreement, inked by Russia, Armenia and Azerbaijan in 2020, guarantees access along that now-blocked road. Although Russia is often portrayed as Armenia’s patron, the reality is more complicated. Russia’s largest oil company owns a 19.99% share of Azerbaijan’s largest natural gas field. It is not so surprising then that Armenians in Artsakh demonstrated against Russian inaction after the killings of their police officials.”

    Longtime Armenian-activist, Lucine Kasbarian, author of Armenia: A Rugged Land, an Enduring People, sums up the situation:

    “We who are Armenian, Assyrian, Greek and Coptic bitterly know just how this will end. It’s deja vu all over again. Again and again, we’ve seen the deceit and brutality, received the chilling reports, warnings, graphic videos, open letters and petitions from alarmed genocide scholars. But alas, NATO, Islamic supremacism, gas and oil are going to take precedence over life and liberty once again unless high-powered vigilantism can save the day.”

    Tyler Durden
    Fri, 09/08/2023 – 02:00

  • The Petro-Dollar's Shaky Future: How The Biden Admin Has Alienated One Of Our Crucial Allies
    The Petro-Dollar’s Shaky Future: How The Biden Admin Has Alienated One Of Our Crucial Allies

    Authored by Christopher LaBorde via GooldSeek.com,

    In late 1973 a deal was struck between the US and The Kingdom of Saudi Arabia that changed the future of both nations and the U.S. dollar for the next 50 years.

    The importance of the deal has been downplayed, and the Biden administration’s near destruction of this deal has almost been outright ignored.

    However, I have had a front row seat to the sentiment changes I am writing about, and I recommend that the reader consider this political game a concerning matter for the long-term stability of the U.S. dollar. 

    In summary, it appears that the Kingdom of Saudi Arabia is open for new alliances outside of the US that would have never been considered before this time.

    The History

    In October of 1973, the US, UK, Netherlands, Canada and Japan were the targets of an OPEC oil embargo that increased the price of oil from $3 a barrel to $12 a barrel in a matter of months after they chose to support the Israelis in the Yom Kippur War. In the four years prior, Nixon price ceiling policies had doubled our dependency on foreign oil and 83% of that oil came from the Middle East. To make matters worse, in the three prior decades, US industry and consumers had become drunk on stable cheap energy, built an entire infrastructure and prosperous economy that was dependent on prices remaining low, and had firmly closed the door on any form of alternative energy options (nuclear). The sudden 4-X spike in oil prices over a 3-month period from this embargo created a real shock to the US way of life and threatened to cripple the US economy. OPEC had our attention and its un-official leader, Saudi Arabia, was in a good position to listen to proposals from the US.

    In late 1973, A deal was made to end the embargo in early 1974 and pull the United States out of the Oil Crisis. Despite the US being in a tight spot, the negotiations created a deal that benefited both countries unimaginably over the following 5 decades that was described in a May 2016 Bloomberg article.

    The gist of this deal can be summarized in the following two reciprocal agreements:

    • Agreement 1.
      • The Al Saud family, the ruling family of the Kingdom of Saudi Arabia, agreed to sell the US oil at a price that we could live with if we agreed to become their defender and supplier of military equipment – This helped ensure the family and the kingdom’s position in the region and provided a great customer for the US military industrial complex over the next 50 years.
    • Agreement 2.
      • The Al Saud family also agreed to buy an unfathomable amount of U.S. treasuries with some of the proceeds from the annual oil purchases – This helped back the Saudi Arabian currency with dollars while providing the U.S. economy with a very healthy and regular dose of liquidity.

    This two-part mutually beneficial deal allowed the US to continue to spend money and have the stability of OPEC’s energy reserves behind it, while providing support for the kingdom and its ruling family. This deal has been active for multiple administrations up until this very day despite some rough waters, but as you will read, it appears to be changing.

    Recent History

    In 2015, a freedom of information act was filed in the 9-11 investigations that sought reparations from the Kingdom of Saudi Arabia based on the participation of some of its citizens’ roles in the bringing down of the twin towers. During the following years the Obama administration maintained the position that the KSA government could not be held responsible for the action of a few of its people, and the treasury / petrol dollar deal maintained its mutually beneficial terms. The PR troubles of the deal were then inherited by the Trump administration, who quickly realized the value of maintaining the trade relationship and worked hard at continuing to have the kingdom recognized as a pro-US ally and one of our primary supporters in the region against the backdrop of an unstable nuclear Iran. Officials from the Kingdom suggested that the US get its political house in order rather than bring the 1973 deal to light for the full scrutiny of the general public to digest; and the Trump administration saw an opportunity to ask the kingdom to be the fulcrum for a “Peace in the Middle East” deal.

    In 2017, the then 32-year-old Mohammed Bin Salmon “MBS”, the emerging leader of the kingdom, was in the process of both fully securing his leadership position and managing a country-wide corruption clean-up campaign. In many discussions with Saudi nationals the prince’s cleanup exercise was seen as a god-sent action that put the country back on track. However, in the U.S. the press chose to cover the event from the point of view of an old-school coup playing out on live television, which served the press well and renewed U.S. / K.S.A. tensions. Despite another round of disturbances in the optics between the countries, the deal survived and continued on. 

    In 2018, after the “house cleaning exercise” was cooling down the young millennial prince emerged as the clear leader for the kingdom and the Trump administration vowed its support for him and the continued U.S. / Saudi alliances. The idea was to bring things back on track as quickly as possible and start working with the new normal. Unfortunately, it was later determined that someone in the young prince’s afterguard was not in favor of how he was being spoken about after the house-cleaning exercise and independently took matters into their own hands to quiet down the opposition.

    On October 2nd, 2018, the unfortunate result was a journalist and son of a powerful family that had been promised a diplomatic position in the pre-housecleaning KSA regime, entered into the KSA Embassy in Turkey and would never exit. As a result of the rogue actions of a staff member, the young prince became embroiled in a freedom of the press / human rights scandal with the apparent assassination of a reporter and outspoken critic of his administration. The PR situation only became worse in the US press as MBS appeared to not fully realize the crimes he was being accused of. The problem was that with each stab from the press, MBS felt as though he was being personally wronged, and with each response from the prince, the U.S. social media public gained a deeper split with the Kingdom. As the Kingdom was gaining new foreign eastward facing ties, this was quickly becoming a bigger problem for the US than it was for the Kingdom.

    In late 2019, a very exposed relationship between the Kingdom and the U.S. became a campaign topic for Trump opposition. There was no shortage of Western judgment for the Kingdom, and it became an important point for critics to associate Trump with, but the deal and its steady flow of cash that made the U.S. way of life possible was never up for discussion. This was clearly a challenging time to keep the full nature of how much the U.S. needed the kingdom under control and away from the press and the U.S. public. A win from the Arab region was needed and it was needed fast to cool down growing negative sentiments from the U.S. towards the kingdom if the deal was to remain intact. 

    In Q1 of 2020 the Abraham Accords campaign went into full force. With a renewed desire from both parties to refresh their relationship and get back on the “right foot” the idea of “Peace in the Middle East” was hatched as a new goal to focus on. The strategy was that such a grand goal could wipe clean the slate between the U.S. public opinion and the Kingdom of Saudi Arabia, and the two countries could find themselves looking at a new deal for new hope in the region. In short, the Abraham Accords aimed to reconcile centuries old tensions between Middle Eastern nations sharing Abrahamic religious ties. This deal had been discussed since the beginning of the Trump campaign, but its timing was needed and looked like it could possibly bring together the Arab world with Israel. For years the Arab world had not acknowledged Israel and Israel had not acknowledged Palestine. The deal was designed to slow tensions between the warring neighbors and to start to bring trade between Israel and all of the Middle East.

    On August 13th, 2020, the Abraham Accords were signed and Israel was free to trade technology with the Arab world and “the greatest peace deal” of all time was signed. However, in order for this concession to be made, the KSA prince would have to show weakness on some level with the people of the Arab world because it is widely understood that the Palestinians have long suffered at the hands of the Israelis. As a fierce young leader this was not a concession that would easily be made, so the concession deal that was struck was a deal for access to restricted US defense technologies. The U.S. would have to agree to sell full capability F35’s to the K.S.A. and the U.A.E. militaries, something that had never been allowed.

    On January 20th 2021, President Joe Biden took office and the “catch” to the deal was discovered. In this case the catch was that the deal was signed with the Trump administration, not the Biden administration, and after the administration change, no full capability F35’s would be allowed to be delivered to the K.S.A. or U.A.E. military. The Biden administration decided to not honor that part of the deal and then decided not to acknowledge MBS as the current leader of the Kingdom of Saudi Arabia. The administration then decided to double down on declaring MBS personally to be a very unpleasant person and an enemy of human rights, despite the incredible changes taking place for women’s equality within his Kingdom at that very moment. As you may imagine this was not the prince’s G-20 membership welcome that he felt he was due, nor one that made much sense for what was at stake for the U.S. and its economy. Unfortunately, Biden’s political posturing also watered down the goodwill of the accords and prolonged the tensions in the relationship triangle between the Kingdom, Israel and Palestine, but Biden’s tone towards KSA was about to shift. 

    On February 24th, 2022, Russia invaded Ukraine. In the months following, Europe had to find a new energy supplier as Putin shifted Russia’s supplies East and the price of all energy climbed steeply. President Biden then made a plea to OPEC to increase its supply to help ease the price of oil that the U.S. was starting to experience because of the shortage, but as you can imagine, the plea fell on deaf ears and the execution of one of the fastest full Karma circles recorded in international history took place. 

    On March 3rd, 2022, in an Atlantic Article, MBS suggests that President Biden should be concerned about the cares of the United States as it is not something that he himself is worried about any longer. MBS also clearly communicated that he was no longer concerned about the U.S.’s view of him or his kingdom’s actions. He stated that he will still do business with the US as well as many other countries, but that the US should probably pay more attention to their own country than to his. The article also mentions that MBS felt snubbed by the U.S. for assuming he was responsible for the death of the reporter and that that Biden refused to acknowledge his position as leader of the Kingdom of Saudi Arabia. In the clear text of this article, it can be read just how much damage had been done by the president to the relationship between the two countries in the 14-months since he took office. 

    On March 15th, 2022, The Wall Street Journal announced in a headline, “Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales”, which proved that MBS was remaining true to his statements that he was exploring trade relationships outside of the US and the petro-dollar. The article explains that there are many difficulties in a move like this but that some of these difficulties can be mitigated and will likely be considered. This act seemed to suggest that the Kingdom was actually willing to make moves away from the petro-dollar deal and that the Biden administration’s political posturing had consequences beyond the OPEC request being denied.

    On May 31st, 2022, the U.S. had imposed the final SWIFT sanctions on Russia and opened the door for Russia to negotiate oil deals with China – Also Not In Dollars. Had this been done at any time before the sanctions were initiated, this act would have been considered an act of aggression to the United States and a possible act of war against the United States of America and the “Petro-Dollar.” However, in this instance it became a basic chess move in response to the weaponization of the SWIFT system and the sanctions placed against Russia, a move that the US encouraged and opened the door for. As business dealings appeared to be moving more East, this weaponization of the SWIFT system forced the hands of OPEC members to also consider the possibility that the timing of a dollar exit may not be here, but an alternative may be wise to consider, and the news outlets started to report that many other countries were feeling the same.

    In July of 2022 the Arab news media started to cover stories of talks of the Kingdom moving into the BRICS alliance (Brazil, Russia, India, China and South Africa). In May of 2023 the story had progressed to a Bloomberg article with the title, “The BRICS Bank Wants New Members as Saudi Arabia Looks to Join”. Besides Saudi Arabia, it was also reported that eight other OPEC member nations have been reported to have applied for membership to the BRICS alliance, including: Algeria, Angola, Congo, Gabon, Nigeria, Iran, United Arab Emirates and Venezuela. When you include the existing BRICS countries, the OPEC countries that have applied and other oil producing countries that have applied to the BRICS alliance (such as Iraq, Kazakhstan, Mexico, Indonesia and Argentina) the list includes 19 of the top 25 oil producing countries in the world. These countries also represent up to 78% of the world’s oil reserves and possibly 36% of the global GDP, at a time when the US GDP only represents 25% of the Global GDP. I don’t suffer from the idea that these vastly different cultures will suddenly be able to get along and sing in harmony, but it should be understood that the US led weaponization of the SWIFT system clearly signaled something to these countries. That message intended, or not, might have been that the US is willing to default on their promise to accept dollars your country holds in reserve for trade if they do not like your politics. If that was the understood message, you can see how this may be very upsetting to countries who hold large sums of dollars in reserve.

    On August 9th 2023 it was reported by the Wall Street Journal that the Biden administration had finally switched on to the gravity of the situation and was now working to repair relations with the kingdom, and that they had started trying to negotiate around the very topics that have been covered in this article. Ironically, 31-Months after the Abraham accords deal was damaged by the current administration; the administration is now trying to use this very deal as a vehicle to repair US KSA relations and move forward. On the cover of this updating of the Abraham Accords, it is being actioned to bring Palestine and Israel to more peaceful terms. However, the meat of this deal for the US may have more to do with Saudi Arabia’s growing Eastern relationships, possibly with the BRICS, and assurances that KSA will not include Chinese military bases within the kingdom or the pricing of Oil outside of the dollar. The Kingdom has clearly stated that they are not ready to fully agree to a deal with the US at this time, but that if they move forward, they will be requesting additional security guarantees and access to civilian nuclear technologies. The US has always refused sharing US nuclear technology with the region, but the Kingdom understands their current leverage with Biden’s prior actions towards the Kingdom.

    On August 22, His Highness Prince Faisal bin Farhan bin Abdullah, The Kingdom’s foreign minister and senior diplomat, announced that he would be attending the BRICS summit in South Africa on behalf of MBS. Now that this meeting has concluded, one can only wonder what was discussed in the hallways and side-venues…

    *  *  *

    Hopefully next time you are at the pumps you can reflect on our relationship with the Kingdom and how it has been part of a delicate balance that has helped facilitate the U.S. way of life for the last 50 years. Kings and presidents have come and gone but the support that these nations have had for each other have been part of the fabric that have made the existence and growth of both nations possible. However, it is under these very different times that these arrangements are changing, and these changes are not small changes. Many of you will read this and think that the U.S. needs to make itself more independent, and I would agree with you that there is great value in that; we just need to carefully consider the timing, the price of those actions, how this will shift the political landscape and where this will leave the US dollar.

    What to do in the meantime?

    In no way am I writing to say good or bad things about the United States or the Kingdom of Saudi Arabia, I am writing to say that part of the bedrock that the US dollar has been built on over the last 50 years may be changing. I suggest that readers keep a keen eye on the headlines that involve OPEC and Eastern powers, as subtle headlines buried far off the front page may be the headlines that harken the news of a new trajectory for the dollar over the coming decade.

    As discussed in the last article, the US dollar has other pillars underneath it, but it’s always a good idea to keep an eye on the bridge footings.

    Tyler Durden
    Thu, 09/07/2023 – 23:40

  • Fani Willis Scolds Jim Jordan For 'Illegal Intrusion' Into Her Trump Hunt
    Fani Willis Scolds Jim Jordan For ‘Illegal Intrusion’ Into Her Trump Hunt

    Fulton County, GA District Attorney Fani Willis (D) fired off a nastygram to House Judiciary Chairman Jim Jordan (R-OH), who she says is trying to ‘interfere with and obstruction [sic] this office’s prosecution’ of Donald Trump and 18 other defendants, after Jordan asked her to turn over all documents related to the case.

    Willis argues that Jordan’s federal powers to investigate are “not unlimited,” and that “there is no justification in the Constitution for Congress to interfere with a state criminal matter, as you attempt to do.”

    In Jordan’s original Aug. 24 letter to Willis, he suggested that Willis is trying to interfere with the 2024 election for which Trump is the front-runner for the GOP nomination, adding that her investigation might infringe on the free speech of Trump and other defendants.

    On Thursday, Willis accused Jordan of peddling “inaccurate information and misleading statements” which improperly interfered with a state criminal case.

    Its obvious purpose is to obstruct a Georgia criminal proceeding and to advance outrageous misrepresentations,” Willis wrote of Jordan’s letter. “As I make clear below, there is no justification in the Constitution for Congress to interfere with a state criminal matter, as you attempt to do.”

    According to the Atlanta Journal-Constitution, Jordan’s letter came 10 days after a Fulton County grand jury indicted Trump and 18 other people for their roles in an alleged scheme to overturn the 2020 US election.

    Trump faces charges in four separate criminal cases even as he solidifies his place as the leading Republican candidate for president next year. Many Republicans believe the prosecutions are political.

    In recent days, some Georgia Republicans have pushed to impeach or sanction Willis, though Gov. Brian Kemp has rejected such proposals. In Washington, Jordan’s committee has launched an investigation to determine whether federal and Fulton County authorities have coordinated their Trump prosecutions.

    In his letter, Jordan noted that Willis began her investigation of Trump in February 2021 but “did not bring charges until two-and-a-half years later, at a time when the campaign for the Republican presidential nomination is in full swing.

    “Moreover, you have requested that the trial in this matter begin on March 4, 2024, the day before Super Tuesday and eight days before the Georgia presidential primary,” wrote Jordan. “It is therefore unsurprising many have speculated that this indictment and prosecution are designed to interfere with the 2024 presidential election.”

    Read the letter to Jordan below:

    Tyler Durden
    Thu, 09/07/2023 – 23:20

  • Leading The Charge On Civics Education
    Leading The Charge On Civics Education

    Authored by Thomas Kelly via RealClear Wire,

    The need for stronger civics instruction has never been clearer. As recently released test scores revealed, American students simply do not possess the civics knowledge they need to become thoughtful and engaged citizens. Knowledge of basic facts is important; knowledge of our nation’s story and founding ideals—which gives meaning to these facts—is more so.

    Unfortunately, many K-12 civics teachers do not have the necessary training to succeed in the classroom. Schools of education do not typically afford aspiring teachers an opportunity for in-depth study of key texts in the American tradition. High levels of polarization and a lack of trust in public schools mean many teachers are unsure how to teach about key figures and moments in our history or how to discuss controversial political issues in a nonpartisan way.

    That’s where my organization, the Jack Miller Center (JMC), comes in. We are a non-partisan, nationwide network of scholars and teachers dedicated to teaching the American political tradition. Our scholars have the expertise teachers need to navigate our current divisions and build trust. They can help teachers understand the contours of our most fundamental debates and squarely address the failures in our nation’s history while fully appreciating our achievements.

    To that end, JMC introduced a Founding Civics Initiative in 2016. “Founding Civics” has clearly resonated with teachers. In just eight years nearly 2,000 teachers have participated in this initiative. In fact, this year we’ve reached an all-time high for summer programs: JMC has completed 24 teacher education programs across nine states this summer alone, training nearly 500 teachers for the upcoming school year and beyond.

    These programs offer in-depth explorations of some of the most challenging topics in civics today by avoiding simple left-right narratives and focusing on primary sources.

    This year, multi-day programs were held in partnership with nine campuses. Programs like the “Civic Literacy and Citizenship Symposium” with the University of Wisconsin-Madison offered teachers the opportunity to discuss the importance of virtue for liberty, the evolution of the First Amendment, and the development of judicial review. The “Summer Civics Institute on American Principles and Debates” at American University saw teachers digging into the roots of contemporary ideologies and examining them in relation to the American founding.

    Programs at Baylor University and the University of North Texas allowed teachers to confront race and American politics head-on through sessions on slavery and the American founding, Lincoln and the Civil War, and African American political thought. “Investigating Foundational Questions in American Civics,” in partnership with North Greenville University, encouraged teachers to think more carefully about concepts such as American exceptionalism and whether the Declaration was really for all Americans.

    Florida is a state on the frontlines of education reform, so JMC made our work there a strategic priority. We offered six programs across the state and continue to play a leading role in statewide civics reform with nearly 800 Florida teachers having participated in JMC programs since 2020.

    At the University of West Florida program, special attention was paid to dissent in American politics—from the Anti-Federalists in the ratification debates, to the dissents in the Dred Scott case, to anti-slavery advocates such as William Lloyd Garrison and Frederick Douglass. At Florida Atlantic University teachers considered the American founding in 21st century contexts by examining Hamilton the musical in light of Alexander Hamilton’s actual writings and considering issues of free speech and civil discourse on social media.

    In St. Petersburg, we also commenced our second year of the competitive-admission year-long American Political Tradition Institute, which consisted of a five-day residential program and will continue with virtual curriculum-development sessions during the academic year. Teachers loved the summer sessions, with one tweeting that she “walked away exhilarated” while another described it as “truly empowering.”

    Summer institutes and workshops such as these are tremendously important, but credit-bearing graduate courses in American political thought and history are also essential. Graduate courses can help public school teachers rise in district pay scales while offering the rigor of a formal class structure and graded assignments.

    We sponsored four graduate courses for teachers this summer, including “Teaching Civics in an Age of Controversy” and “Political Thought of the American Revolution” through the University of Chicago, “Alexis de Tocqueville’s ‘Democracy in America’” at Tufts University, and “The American Constitutional Experience” at Lake Forest College. All courses offered deep dives into crucial primary sources while also considering prominent secondary sources that shape the way we understand the American story.

    The mission of the Jack Miller Center is to help teachers and students connect with and safeguard our nation’s ideals. Improving K-12 teachers’ knowledge of America’s history and its founding will help preserve that vital knowledge for future generations. This is an urgent mission all educators should share. As JMC’s founder and chairman, Jack Miller, says, “The battle for the soul of our nation will be won or lost in our classrooms.”

    Tyler Durden
    Thu, 09/07/2023 – 23:00

  • Morgan Stanley Created 2015 Hunter Biden Dossier Highlighting "Fraudulent" Looking Schemes And "Suspicious" Transactions
    Morgan Stanley Created 2015 Hunter Biden Dossier Highlighting “Fraudulent” Looking Schemes And “Suspicious” Transactions

    Whistleblowers at Morgan Stanley raised the alarm over what they thought looked like “fraudulent” schemes and “suspicious” transactions all the way back in 2015, eventually escalating his concerns to the US Securities and Exchange Commission (SEC) just a few days before Donald Trump won the presidency in 2016, according to documents obtained by Just the News.

    “Due diligence on involved parties reveals less than clean records,” one Morgan Stanley investment bank compliance presentation from May of 2015 states.

    The bank even created a dossier about Hunter Biden’s history, including his expulsion from the US Navy, his association with Ukrainian energy giant Buisma, and photos of the Bidens.

    In a May 8, 2015 presentation deck titled “Overview of Wakpamni Series 2014 Bonds Potentially Suspicious Structure & Transactions,” the bank warned that some activities – such as the Native American tribal bond scheme, required the bank to take compliance action.

    “No clear illegal activity is being accused, but authors of this presentation determined activity was suspicious enough to warrant escalation of review by appropriate internal Compliance representatives,” reads the presentation, which singled out several business partners, including Devon Archer and Hunter Biden.

    “The Navy Reserve discharged Vice President Joe Biden’s son Hunter this year after he tested positive for cocaine,” it states.

    The dossier also flagged an August 25, 2008 NYT article noting that Hunter had been “Caught Up in Hedge Fund Trouble,” stating “A son and a brother of Senator Joseph R. Biden Jr. of Delaware are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went sour.”

    See below (via Just the News):

    As JTN further reports:

    The presentation is one of the earliest known whistleblower activities to raise serious questions about Hunter Biden and his foreign business exploits. It triggered suspicious activity reports (SARS) filed by banks and a SEC complaint that would eventually lead to the 2016 indictment of several Hunter Biden business partners in a bond fraud scheme and later FBI and IRS investigations targeting Hunter Biden himself for tax evasion.

    While SARS reports are frequently generated by compliance officers in the financial industry, the step of independently reporting information directly to the SEC is much more rare.  

    The documents obtained by Just the News chronicle the efforts by at least one vice president inside the Morgan Stanley investment bank to blow the whistle on companies affiliated with Hunter Biden and one of his chief business partners, Devon Archer. The concerns included that the firms may have been involved in a fraudulent bond scheme with the Native American Wakpamni tribe and may have improperly benefited from tax dollars in a separate technology investment.

    After some time, two Morgan Stanley officials filed whistleblower complaints against Hunter Biden with two federal agencies.

    Read the rest here…

    Tyler Durden
    Thu, 09/07/2023 – 22:40

  • Chicago Mayor Brandon Johnson Whips Out Race Card To Dismiss His "Slow Start" And Other Criticisms
    Chicago Mayor Brandon Johnson Whips Out Race Card To Dismiss His “Slow Start” And Other Criticisms

    By Mark Glennon of Wirepoints

    Chicago’s Mayor Brandon Johnson on Tuesday night lambasted critics, arguing that he’s being held to a “different standard” as a black man, as reported by the Chicago Tribune.

    From the Tribune: “There is a different standard that I’m held to. There is,” Johnson said. “And that’s not something that I’m mad at, but that’s just the reality. I’m not the first person of color, particularly a Black man, that will be held to a different standard than other administrations.”

    Johnson apparently doesn’t like being called “slow,” which he says is a “microagression.” He has been criticized for a slow start as mayor.

    “You all read the press. I don’t. But you all look at these dynamics. You all know how there’s been a certain, particular coverage of me, right? Think about it. You know, there’s coverage of me being slow, right?” Johnson said. “These are microaggressions, that if you don’t have the lens of those who have lived through these experiences, you would just miss it. You would, because the same — some of the folks who would call me slow, do you understand what that term means? Particularly (toward) the Black community. So you have these forces that perpetuate a particular view of Blackness.”

    He also blamed racism for concerns about subservience to the Chicago Teachers Union, which helped elect him and where he previously was a political organizer. When asked about that, he said, “You think I’m going to suddenly be surprised or get upset because now all of a sudden, oh my goodness, the world is oppositional to a Black man on the left who leads with love?” Johnson responded. “And that the only rationale that can be possible for any of my decisions is that somehow a Black man is being controlled?”

    Same for criticism over his firing of Dr. Allison Arwady, the city’s former public health commissioner. She crossed swords with the teachers’ unions by trying to get schools open during the pandemic.

    When asked about that, Johnson said, “Perhaps things should go without saying, but as far as this dynamic that a Black man executive can’t make decisions on his own,” Johnson said, and he ripped “the same forces” that he said didn’t believe he could balance a budget, unite the City Council or win the election. “Well, let me just offer news for the city of Chicago: The people of Chicago elected me as mayor, and if anybody has a problem with it, come see me in four years.”

    Tyler Durden
    Thu, 09/07/2023 – 22:20

  • Former FTX CEO To Forfeit $1.5 Billion, Pleads Guilty To Federal Campaign Finance And Money-Transmitting Crimes
    Former FTX CEO To Forfeit $1.5 Billion, Pleads Guilty To Federal Campaign Finance And Money-Transmitting Crimes

    With Biden’s weaponized Dept of Justice intending to seek a second indictment of Hunter Biden after the catastrophic disaster that was the government’s first sweetheart plea deal, which revealed the corruption of “special counsel” David Weiss, who now is scrambling to slap Hunter’s wrist for the second time over a, drumroll, gun charge which will lead to the president’s crackhead son not spending even a minute in prison for being, along with his senile father, a bought and paid for Chinese muppet, the US Department of “Justice” needed a big enough distraction and got that today when SBF’s former right hand figurehead and former FTX CEO Ryan Salame, pleaded guilty Thursday in New York federal court to campaign finance and money-transmitting crimes, and agreed to forfeit more than $1.5 billion. Yup, Salame had $1.5 billion in cash just hanging around courtesy of the epic criminal syndicate that was FTX, and is about to part with it.

    Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, on Sept. 7, 2023

    According to CNBC, Salame, during his plea, admitted that from fall 2021 to November 2022 he steered tens of millions of dollars of political contributions to both Democrats and Republicans – but really mostly Democrats

    … in his own name when in actuality the money came from Alameda Research, the hedge fund arm of the cryptocurrency exchange owner FTX. Those contributions were made at the behest of then-FTX CEO Sam Bankman-Fried, Salame said, making SBF the second biggest Democrat donor during the 2022 midterms, only behind George Soros…

    … in which the Dems managed to avoid getting steamrolled thanks to Biden draining the SPR. Oh and, according to Vox, it was SBF who was “one of the people who is most responsible” for Biden being “elected” president.

    “From at least in or about 2020, up to and including in or about November 2022, Ryan Salame, the defendant, engaged in multiple conspiracies to advance the interests of Samuel Bankman-Fried … and the cryptocurrency companies Bankman-Fried founded and controlled — including FTX.com (“FTX”) and Alameda Research (“Alameda”) — through the operation of an unlawful money transmitting business and violations of the federal election law,” the charging document filed against Salame says.

    That document says that Salame, in a private message to a confidant, wrote that “the purpose of these bipartisan donations would be ‘to weed out anti crypto dems for pro crypto dems and anti crypto repubs for pro crypto repubs,’ and that donations would likely be routed through Salame ‘to weed out that republican side.’”

    Salame, who was released on a $1 million bond Thursday, faces a maximum possible sentence of 10 years in prison for the campaign finance violation and charge of operating an unlicensed money-transmitting business. His sentencing was scheduled for March 6 by Judge Lewis Kaplan in U.S. District Court in Manhattan.

    In addition to what must be a record monetary forfeiture, which will be paid to the U.S. government, the 30-year-old Salame will pay $5 million to debtors of FTX and $6 million in fines to the government. Salame also will surrender two houses he owns in Lenox, Massachusetts, and his 2021 Porsche automobile.

    Salame’s attorney, Jason Linder of the firm Mayer Brown, in a statement said. “Ryan looks forward to putting this chapter behind him and moving forward with his life.″

    A source told CNBC that Salame is not cooperating with federal prosecutors who are preparing for the criminal fraud trial of 31-year-old Bankman-Fried. But three other former executives who previously pleaded guilty in the same court are expected to testify against Bankman-Fried.

    They are Caroline Ellison, who had been CEO of Alameda; former FTX technology chief Gary Wang; and Nishad Singh, who was FTX’s engineering boss.

    U.S. Attorney Damien Williams, whose office is prosecuting the FTX cases, in a statement said, “Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside the law.”

    Meanwhile, SBF – who yesterday lost his appeal to get out of Brooklyn jail where they don’t serve adderall or vegan food. and is set to go on trial Oct. 3 on wire fraud and securities fraud charges related to his alleged looting of billions of dollars in customer funds from FTX courtesy of endorsements from some of the highest profile politicians criminals in the country.

    Tyler Durden
    Thu, 09/07/2023 – 22:00

  • FDA Refuses To Provide COVID-19 Vaccine Safety Data To US Senator
    FDA Refuses To Provide COVID-19 Vaccine Safety Data To US Senator

    Authored by Zachary Stieber via The Epoch Times (emphasis ours),

    U.S. officials are refusing to provide COVID-19 vaccine safety data to a U.S. senator.

    Sen. Ron Johnson (R-Wis.) asked the U.S. Food and Drug Administration (FDA) for the results of analyses on data from the Vaccine Adverse Event Reporting System in January. The request came after the U.S. Centers for Disease Control and Prevention (CDC) said none of the safety signals it identified for the COVID-19 vaccines were “unexpected.”

    The two agencies have run different types of analyses on the system’s reports, which are primarily made by health care professionals.

    The CDC ran Proportional Reporting Ratio analyses, which involve comparing the number of reported adverse events to the number of adverse events reported after vaccination with other vaccines.

    The first time the agency ran analyses using the method for the COVID-19 vaccines, in 2022, hundreds of signals were triggered, files obtained by The Epoch Times show.

    The FDA in 2021 started a different type of analysis, called Empirical Bayesian (EB) data mining.

    The Proportional Reporting Ratio results “were generally consistent with EB data mining, revealing no additional unexpected safety signals,” Dr. Rochelle Walensky, the CDC’s director at the time, told Mr. Johnson previously.

    Mr. Johnson demanded answers on that claim, prompting the CDC to point him to the FDA.

    The FDA recently responded to Mr. Johnson, telling him that it cannot provide the information he seeks.

    “FDA’s EB data mining analyses of adverse events contained in VAERS reports for COVID-19 vaccines are currently the subject of pending FOIA [Freedom of Information Act] litigation. FDA is unable to comment on pending litigation or provide information or data that is currently being considered in pending litigation,” the agency told the senator.

    Mr. Johnson in a new letter told FDA Commissioner Dr. Robert Califf that the claim was wrong.

    “As you are well aware, Congress has a right to information contained at U.S. federal agencies as it conducts its constitutional oversight responsibilities,” Mr. Johnson said.

    “It is outrageous that FDA would assert that pending litigation, and particularly FOIA litigation, would allow your agency to obstruct my congressional oversight,” he added. “Any pending litigation FDA may have relating to its EB data mining records has no bearing on its responsibility to comply with a congressional request.”

    Mr. Johnson said in the past he’s repeatedly received from the government documents subject to litigation, including from the FDA’s parent agency, the U.S. Department of Health and Human Services (HHS).

    He urged the FDA to produce the EB data mining analyses by Sept. 20.

    The FDA declined to immediately provide a comment.

    The agency was sued in January over its refusal to provide the results of the EB data mining to The Epoch Times and the nonprofit Children’s Health Defense, citing exemptions in the Freedom of Information Act (FOIA).

    Children’s Health Defense, the litigant, said that the refusal to provide the records was illegal.

    In the last update in the case, the FDA said it has 150 responsive pages but that it has to do a “page-by-page, line-by-line review” to determine whether any information on the pages should be withheld, or redacted. The agency said it is “facing an unprecedented FOIA workload” stemming from federal courts ordering it to release information it had said would be made public on the COVID-19 vaccines from Pfizer and Moderna.

    Sen. Ron Johnson (R-Wis.) speaks in Washington on May 15, 2023. (Madalina Vasiliu/The Epoch Times)

    Ignored Questions

    In another new letter, Mr. Johnson pressed the HHS on the program it administers to provide compensation to people injured by the COVID-19 shots.

    Despite injections starting in December 2020, and more than 1.5 million reports being lodged with the Vaccine Adverse Event Reporting System. HHS has compensated just four people, paying $8,592 in total.

    Others have been approved for compensation but the money is still pending.

    Mr. Johnson in April asked for more details on the program as the agency has not been forthcoming, including whether there are caps on the amount of money an injured person can receive and whether the government has advertised the program.

    Mr. Johnson also demanded communications between HHS and COVID-19 vaccine manufacturers regarding compensation claims.

    In a recent letter, HHS declined to answer many of the questions.

    Mr. Johnson on Sept. 5 urged HHS Secretary Xavier Becerra to provide answers to all of his questions.

    He pointed to how Mr. Becerra, when being vetted by the Senate, told senators that he would commit to providing a prompt response to any questions addressed by Senate Finance Committee members.

    “As a member of the Senate Finance Committee and as ranking member of the Senate’s top investigative subcommittee, your agency’s June 23, 2023 response is completely unacceptable and calls into question the veracity of the commitment you made before the Senate during your confirmation hearing,” Mr. Johnson said. “I call on you to immediately revise HHS’s incomplete response and provide the requested information.

    HHS did not respond to a request for comment.

    Tyler Durden
    Thu, 09/07/2023 – 21:40

  • San Fran Is Officially America's Worst City: 1 In 8 Home Sellers Lose Money With An Average Loss Of $100,000
    San Fran Is Officially America’s Worst City: 1 In 8 Home Sellers Lose Money With An Average Loss Of $100,000

    In retrospect, it’s surprising that it took so long.

    With Case-Shiller reporting that the nation’s worst-by-far (not to mention feces-covered) real-estate  market is that of San Francisco, where prices have seen annual declines for the past 8 months, half of which have seen double-digit drops…

    …. overnight RedFin reports more bad news for those unlucky enough to be living in the socialist utopia that is San Francisco: home sellers in this liberal bastion are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. In fact, according to the report, the typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. And when they do, they have to walk on shit-covered streets, through crowds of homeless, to buy another home one which they pray won’t be burgled in the near future because, well, good luck calling cops in San Fran.

    Here are the details from Redfin:

    Roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending July 31 was purchased for less than the seller bought it for, up from 5% a year earlier. That’s a higher share than any other major U.S. metro and is quadruple the national rate of 3%.

    Next came Detroit (6.9%), Chicago (6.5%), New York (5.9%) and Cleveland (5.8%). 

    In San Francisco, which tied with New York for the largest median loss in dollar terms, the typical homeowner who took a loss sold their home for $100,000 less than they bought it for. Nationwide, the typical homeowner who sold their home for less than they bought it for lost $35,538.

    Homeowners were least likely to sell at a loss in San Diego, Boston, Providence, RI, Kansas City, MO and Fort Lauderdale, FL. In each of those metros, roughly 1% of homes sold for less than the seller originally paid.

    * *  *

    Turning back to San Francisco, just because it’s both terrifying and amusing to watch a formerly great city implode under the weight of Soros-funded DAs, here home sellers were most likely to lose money because the region has experienced outsized home-price declines. It was one of the first markets to see prices sink when high mortgage rates triggered a slowdown in the housing market last year. By April 2023, San Francisco’s median home sale price was down a record 13.3% year over year, more than triple the nationwide drop of 4.2%. As of July, it was down just 4.3% year over year to $1.4 million, but that compared with a national gain of 1.6%. The total value of homes in San Francisco has fallen by roughly $60 billion since last summer, a separate Redfin analysis found.

    Prices in the Bay Area have fallen fast for a few reasons:

    • First, it’s home to the most expensive real estate in the country, meaning housing costs had a lot of room to come down. It has also been hit hard by layoffs in the technology sector.
    • Additionally, it’s not as popular as it once was; remote work has allowed scores of people to relocate to more affordable areas.

    Next, read the following sentence and see if you can spot the common thread:

    “San Francisco, Detroit, Chicago and New York, which top the list of metros where home sellers are most likely to take a loss, all rank among the top 10 metros Redfin.com users are looking to leave.”

    If you said these are all traditionally Republican-controlled bastions… you failed.

    “Some condos in the Bay Area are now worth less than their owners bought them for in 2018 and 2019, in part because commuting from Oakland and other outlying areas into downtown San Francisco isn’t really a thing anymore,” said local Redfin Premier real estate agent Andrea Chopp, who focuses on Oakland and other East Bay neighborhoods. “There are buyers out there, but they’re a lot more cautious and picky than they were when mortgage rates were low. The Bay Area housing market was unsustainable before, so this correction is probably healthy, but the unfortunate thing is prices remain unaffordable for a lot of people—especially with rates now above 7%.”

    But while the liberal bastion of San Francisco is now officially America’s worst city, the vast majority of U.S. home sellers are still reaping gains, especially those

    Even though home prices have fallen from their peak, a majority of home sellers are still reaping significant financial gains. Nationwide, 97% of home sellers sold for a profit during the three months ending July 31, with the typical home that sold going for 78.4% ($203,232) more than the seller bought it for.

    Today’s home sellers are making money despite an ongoing housing downturn in part because a scarcity of homes for sale is fueling bidding wars and propping up home values. Most people who bought when home prices peaked would lose money if they sold now, so they’re not selling. Many of the homeowners who are selling today have owned their homes for long enough to make a profit regardless of month-to-month fluctuations in housing values.

    In Boise, ID, Redfin Premier agent Shauna Pendleton has clients who will likely have to take a $100,000 loss on their home because they’re selling it after only about a year. They’re moving back to Seattle because their employer is requiring them to return to the office. Pendleton noted that it’s not common for homeowners to sell at a loss in Boise, but when it does happen, it often involves homes selling for upwards of $750,000.

    More in the full Redfin report available here.

    Tyler Durden
    Thu, 09/07/2023 – 21:20

  • 2 Million Guns Sold In August, 49th Straight Month Of Over 1 Million Sales
    2 Million Guns Sold In August, 49th Straight Month Of Over 1 Million Sales

    Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

    Gun sales in the United States exceeded 2 million last month—the 49th straight month in which firearm sales crossed a million.

    In August, 2.04 million checks were conducted through the FBI’s National Instant Criminal Background Check System (NICS), according to an analysis by Guns.com. Though this is a 16.4 percent dip from the 2.45 million checks conducted in August 2022, the numbers are still higher when compared to the years before the COVID-19 pandemic of 2020, it said.

    This August registered the fifth highest NICS checks for any August in the past 25 years. This was also the 49th consecutive month that gun sales crossed the 1 million mark.

    Data from the National Shooting Sports Foundation (NSSF) showed around 1.1 million background checks last month, down 13 percent from the same month last year.

    While NICS numbers include checks conducted for reasons like clearing concealed carry permit applications, the NSSF adjusts these numbers. As such, NSSF data is seen as a potentially truer depiction of retail gun sales.

    In a statement to Guns.com, Mark Oliva, public affairs officer with the NSSF, said that the 1.1 million gun sales figure shows “the desire for lawful firearm ownership is far from over.”

    Americans, literally by the millions, are investing in exercising their Second Amendment rights. This has happened every month for more than four years continuously.”

    “While the Biden administration proposes rules to infringe on fundamental American rights and certain governors, attorneys general and district attorneys general and district attorneys refuse to lock up criminals that prey on communities without consequence, Americans are sending a clear and unequivocal message that their personal safety, and the free exercise of their rights, is non-negotiable.”

    According to safety research organization Safehome, around 17.4 million guns were sold across the United States in 2022, a lower number compared to 2021 and 2020.

    The organization attributed the decline to “consumers reducing their spending and the economy experiencing inflationary pressures that have led to a slowdown in discretionary expenses overall.”

    Gun sales saw a 64 percent increase in 2020, the biggest annual rise in two decades. The current downward trend “indicates a return to the typical sales figures seen in the years prior to 2020.”

    The sales boom in 2020 was influenced by the COVID-19 pandemic, due to which people spent more time in outdoor activities, Safehome said while pointing out that 2020 was also a presidential election year.

    “Traditionally, election years can spark an increase in gun buying as customers may worry new leaders could change laws regarding gun ownership. There were similar smaller increases in gun sales in 2016 and 2012, both presidential election years.”

    In 2022, states like Wyoming, Montana, and Alaska had the highest estimated gun sales per capita. In contrast, this figure was the lowest in Iowa, Oregon, and the District of Columbia.

    Biden’s Gun Crackdown

    While gun sales continue to exceed a million on a monthly basis, the Biden administration is proposing a rule that would essentially classify any American who sells guns as a firearms dealer, thereby tightening gun control measures in the country.

    At present, individuals can engage in selling firearms without having to be a registered firearms dealer. The new rules would classify gun sales under business activities and require that individuals get a license as well as undertake background checks.

    Randy Kozuch, executive director of the National Rifle Association–Institute for Legislative Action (NRA–ILA), called the move a “war on the Second Amendment.”

    The Gun Owners Association said the proposed rule is “virtually outlawing private firearm transactions to ensure the government gets its hands on your personal information and transaction records for their illegal gun registry.”

    The Biden administration had also introduced a law that would make Americans felons if caught possessing an unregistered braced firearm.

    Multiple federal judges have issued preliminary orders blocking the rule from being enacted. However, these rules only apply to members of the groups who filed lawsuits and in the jurisdictions of the judges who issued the verdicts.

    Guns Promote Safety

    President Biden and Vice President Kamala Harris are also pushing for a nationwide ban on “assault weapons.” In a statement to Fox News, the NRA criticized such attempts.

    The organization pointed out that the AR-15 rifle, which which many gun control advocates refer to as an “assault weapon,” is one of the most popular self-defense rifles in America.

    A testament to this is the 8-month pregnant Florida mother who, with her AR-15, defended her family from two armed intruders who brutally assaulted her husband,” NRA spokesman Billy McLaughlin told the outlet.

    He was referring to an incident from 2019 when a pregnant woman shot an armed intruder and sent a second intruder fleeing. “Joe and Kamala ought to speak to the many ignored and forgotten law-abiding Americans who rely on AR-15s for their safety.”

    “They’re playing politics with human lives and are blind to the fact that their pro-criminal policies drive more people to buy guns,” he said.

    A CNN poll from May showed that Americans are divided on how the availability of guns affects public safety.

    While 36 percent of respondents said the presence of guns would make public places less safe, 32 percent argued that allowing gun owners to carry their firearms would make public places safer.

    Tyler Durden
    Thu, 09/07/2023 – 21:00

  • "Davos In The Desert": UAE Becomes Global ATM As Western Finance Dries Up
    “Davos In The Desert”: UAE Becomes Global ATM As Western Finance Dries Up

    Five years ago, virtue-signaling American finance executives peeled out of a Saudi Arabian event in Riyadh following the murder of Washington Post columnist Jamal Khashoggi in the Saudi consulate in Istanbul.

    Saudi Crown Prince Mohammad bin Salman (MbS)

    Now, with Western financiers hampered by rising interest rates and a reduced appetite for dealmaking, private equity, venture capital and real estate funds have come back with hats-in-hand to tap into the Middle East’s vast wealth – which has been bolstered by higher energy prices thanks to Russia’s invasion of Ukraine.

    It turns out nothing heals old wounds like money… as major Western financial firms scramble to set up offices in the Middle East to win local investments.

    While the Middle East steps on the gas, the traditional backers of investment fundspension plans and college endowments—are in retreat. The global shift to higher interest rates caused losses in the biggest parts of their portfolios—especially stocks and bonds.

    Investors put $33 billion toward U.S.-based venture capital funds in the first half of 2023, less than half the $74 billion in the same period in 2021, according to PitchBook. Global fundraising for all private funds fell 10% last year to $1.5 trillion, according to Preqin—a decline many expect to continue.  -WSJ

    “Fundraising has become much, much harder over the past 12 months,” said Brenda Rainey, an executive vice president at Bain & Co. who advises private-equity funds, in a statement to the Wall Street Journal.

    But not in the Middle East…

    To wit, this year’s Future Investment Initiative Institute, known as “Davos in the Desert,” will take place on Riyadh, and is expecting so much demand that it’s charging $15,000 per head to attend, the Journal reports.

    Saudi Arabia’s Public Investment Fund (PIF) has seen commitments rise to $56 billion in 2022, a significant jump from $33 billion last year.

    “Now, everybody wants to go to the Middle East—it’s like the gold rush in the U.S. once upon a time,” according to fundraising advisory firm CEO Peter Jädersten of Jade Advisors. “It’s difficult to raise money everywhere.”

    Gulf funds now have the upper hand in negotiations, able to be “very thoughtful and selective” about things such as stakes in the fund managers themselves, or side-by-side investments, as per Ibrahim Ajami of Abu Dhabi state fund Mubadala.

    All eyes on Abu Dhabi

    One of the most influential dealmakers to emerge in the last few months is Abu Dhabi’s national security adviser, Sheikh Tahnoun bin Zayed Al Nahyan, who has been using the country’s $1.5 trillion investment war chest to make runs at buying Standard Chartered and Lazard, as well as recent deals to buy a $1.2 billion UK healthcare giant and a nearly $6 billion Columbian food company, according to Bloomberg.

    Sheikh Tahnoon bin Zayed Al NahyanPhotographer: Atta Kenare/Getty Images

    In March, Tahnoon was handed control of the Abu Dhabi Investment Authority (ADIA) following a March reshuffle. The $993 billion wealth fund is among the world’s largest, and now ranks as the second-largest spender on deals among regional peers since the beginning of last year.

    Born in the late 1960s, just after the discovery of oil in Abu Dhabi, Sheikh Tahnoon bin Zayed Al Nahyan has graduated from the close-knit circles of the UAE’s royal family to become one of the world’s most potent financial juggernauts.

    Over the past few months, he has been on a capital-injecting spree, drawing billionaires like Ray Dalio into his vortex. According to Karen Young, a senior research scholar at Columbia University, “The UAE leadership has recognized its most important source of statecraft is financial. Sheikh Tahnoon is now the strategist behind multiple economic statecraft tools.”

    Over the past few months, Sheikh Tahnoon bin Zayed Al Nahyan has gained control of the largest sovereign wealth fund in the United Arab Emirates, expanding the assets he oversees to almost $1.5 trillion. He’s proceeded to bankroll billions of dollars in deals via an expanded empire of private and state entities. Drawing in titans of finance such as Rajeev Misra and billionaire Ray Dalio, Sheikh Tahnoon — one of Abu Dhabi’s two deputy rulers, the UAE’s national security adviser and brother to its president — has sought to invest in everything from technology to finance, with varying degrees of success.

    Known to be a fan of Brazilian jiu-jitsu, cycling and chess, Sheikh Tahnoon now helms two wealth funds, the region’s most important private investment firm, the country’s largest lender and its biggest listed corporate. That’s made him the defacto business chief of the wealthy Al Nahyan family, with access to seemingly endless reserves of cash in OPEC’s third-largest producer — an unusual amount of financial firepower even in the oil-rich Persian Gulf.

    Other notable deals Tahnoon has been involved with include an investment in TikTok’s Chinese owner ByteDance, a $10 billion fund targeting tech opportunities, and a deal to bankroll Softbank Vision Fund’s key architect Rajeev Misra’s new $6.8 billion fund. Another of Tahnoon’s entities, G42, is partnering with Nvidia competitor Cerebras Systems, which just completed the first of nine AI supercomputers aimed at taking a run at Nvidia.

    That said, it’s not all a cakewalk for Sheikh Tahnoon. Navigating the intricate labyrinths of international regulations has proven to be a challenge. As Abu Dhabi inches closer to Beijing, with intentions of joining the BRICS bloc, it’s raising eyebrows across Washington corridors.

    Lynn Ammar, an Abu Dhabi-based partner at law firm Cleary Gottlieb warns, “The broad geographic scope is likely to continue to attract attention from FDI authorities, such as CFIUS, who may be concerned about potential information flow to China.” This comes as the United States puts foreign investments under the microscope, tightening scrutiny over deals tied to the Chinese government.

    What’s more, Tahnoon isn’t just the de facto business chief of the wealthy Al Nahyan family, he’s also the UAE’s national security adviser, wearing a dual hat that integrates economic and geopolitical strategy. Recent reports indicate significant UAE investments in Asian and African economies, marking a clear orientation toward emerging markets.

    Wonder if this would be happening under a second Trump term and no Ukraine invasion?

    Tyler Durden
    Thu, 09/07/2023 – 20:40

  • Judge Skeptical As Prosecutors Claim Trump Georgia Trial Could Take Four Months
    Judge Skeptical As Prosecutors Claim Trump Georgia Trial Could Take Four Months

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    A Georgia judge handling the trials of former President Donald Trump and 18 co-defendants appeared to be skeptical of prosecutors’ proposals to bring all the co-defendants together for a trial starting next month.

    “It just seems a bit unrealistic to think that we can handle all 19 in forty-something days,” Fulton County Superior Court Judge Scott McAfee told the court in a Wednesday hearing in regards to motions to sever that were brought by co-defendants Kenneth Chesebro and Sidney Powell. The judge denied the request to split the two cases.

    Former President Donald Trump arrives at Atlanta Hartsfield-Jackson International Airport in Atlanta, Ga., on Aug. 24, 2023. (Joe Raedle/Getty Images)

    During the hearing, prosecutors estimated the trial would take four months and that they’d call more than 150 witnesses. “That is our time estimate,” prosecutor Nathan Wade told Judge McAfee during the hearing, which was also broadcast live on television and on the judge’s YouTube channel.

    But Mr. McAffee told prosecutors that he believes the trial would take twice that—or eight months. “It could easily be twice that,” he said, noting the number of defendants in the case.

    “We’re on an expedited timeline with these statutory speedy trial demands,” Judge McAfee said, while adding that he plans to press forward and “make that October 23 trial date stick” for Mr. Chesebro and Mrs. Powell. It’s not clear when the other co-defendants will go to trial.

    The judge also suggested that any trial he conducts could be rendered moot if a defendant successfully appeals to a higher court. Already, a federal judge held a hearing in former White House chief of staff Mark Meadows, who is charged in the case.

    “It could potentially even be a six-month turnaround just for the 11th Circuit to come up with a decision,” Judge McAfee said of the appeals process. “Where does that leave us in the middle of a jury trial?” the judge asked.

    Mr. Wade, who provided the four-month estimate, said that did not include jury selection and added that whether or not defendants choosing to testify could affect timing. But he said he expects a trial to take that long regardless of how many defendants it includes, arguing that because the trial was brought under Georgia’s anti-racketeering law prosecutors would seek to prove the entire conspiracy against each defendant.

    Another prosecutor, Will Wooten, argued that under the state’s RICO—or Racketeer Influenced and Corrupt Organizations Act—statute, the defendants should be tried together. All 19 defendants were accused of participating in the alleged scheme under Georgia’s RICO law last month.

    Anytime a person enters into a conspiracy they are liable for all of the acts of all of their co-conspirators, and that’s it. Evidence against one is evidence against all, and that’s it,” Mr. Wooten said.

    Fulton County Superior Court Judge Scott McAfee presides over a hearing regarding media access in the case against former President Donald Trump and 18 others at the Fulton County Courthouse in Atlanta, Ga., on Aug. 31, 2023. (Arvin Temkar/Atlanta Journal-Constitution via AP)

    The hearing was also broadcast live on television and on the judge’s YouTube channel, a marked difference from the other three criminal cases against Trump, where cameras have not been allowed in the courtroom during proceedings.

    Whenever and wherever any trial in the case ultimately takes place, jury selection is likely to be a significant challenge. Jury selection in a racketeering and gang case brought last year by Ms. Willis began in January and is still ongoing. In another large racketeering case, Ms. Willis tried nearly a decade ago against former Atlanta public schools educators, it took six weeks to seat a jury.

    On Tuesday, Ms. Willis’ team asked the judge to allow the use of a jury questionnaire that prospective jurors would have filled out before they show up for jury selection, writing in a court filing that it “will facilitate and streamline the jury selection process in many respects.”

    Prospective jurors may be more comfortable answering personal questions on paper than in open court and lawyers for both sides could agree that certain jurors aren’t qualified without additional questioning, prosecutors said.

    Meanwhile, Mr. Meadows was in federal court last week arguing that he was acting in his capacity as a federal official and his case should be heard by a federal judge. U.S. District Judge Steve Jones has yet to rule on that request. Four other defendants who are also seeking to move their cases to federal court have hearings set before Jones later this month.

    As for President Trump, the former president on Wednesday told radio host Hugh Hewitt that he would “absolutely” testify in one of the four trials against him. He was charged in separate cases in Georgia, New York, Florida, and Washington, D.C., pleading not guilty to all the charges.

    The Associated Press contributed to this report.

    Tyler Durden
    Thu, 09/07/2023 – 20:20

  • How Did SK Hynix's Chips End Up In New Huawei Smartphone?
    How Did SK Hynix’s Chips End Up In New Huawei Smartphone?

    US lawmakers have been infuriated with Huawei Technologies Co.’s ability to produce a new smartphone with a cutting-edge processor despite mounting US sanctions. The inquiry into Huawei’s Mate 60 Pro started when Bloomberg hired TechInsights to conduct a complete teardown of the smartphone, which released the report earlier this week. 

    Huawei uses an advanced 7-nanometer processor built by China’s top chipmaker, Semiconductor Manufacturing International Corp. But another report from TechInsights shows memory and flash in the Mate 60 Pro comes from SK Hynix Inc. 

    Bloomberg said Mate 60 Pro’s components are almost entirely sourced from domestic suppliers, “and Hynix’s hardware is an isolated example of materials sourced from overseas, according to TechInsights.” 

    South Korea-based Hynix told Bloomberg that it “no longer does business with Huawei since the introduction of the US restrictions against the company and, with regard to the issue, we started an investigation to find out more details.” 

    The Mate 60 Pro is powered by a new Kirin 9000s chip that was fabricated in China by SMIC.Photographer: James Park/Bloomberg

    The mystery of how Huawei sourced the memory chips deepens, as Hynix said it “is strictly abiding by the US government’s export restrictions.” 

    Bloomberg offers some ideas of how Huawei might have procured the Hynix chips: 

    “Huawei may have procured the memory chips from Hynix, whose Chinese base cranks out an estimated one-third to half of its DRAM for global markets. One possibility is that Huawei may be tapping a stockpile of components it accumulated as far back as 2020 before the full set of US trade curbs had been imposed on it. International suppliers of advanced technology have been prohibited from supplying Huawei over the past three years by US trade curbs, implemented on fears of the hardware being used to aid China’s military.”

    News of the Bloomberg/TechInsights report enraged some US lawmakers who have spent the last several years slapping China with sanctions to curb its progress in chip technology. Representative Mike Gallagher, chairman of the House Select Committee on Competition with China, said Wednesday the US should end all its exports to both Huawei and SMIC: 

    “The time has come to end all US technology exports to both Huawei and SMIC to make clear any firm that flouts US law and undermines our national security will be cut off from our technology.” 

    How Huawei obtained the memory chips from Hynix remains unclear. However, given this week’s developments, US lawmakers will likely not be done imposing tech sanctions on Beijing.

    Tyler Durden
    Thu, 09/07/2023 – 20:00

  • Snyder: 'Mad Max' Conditions Are Coming
    Snyder: ‘Mad Max’ Conditions Are Coming

    Authored by Michael Snyder via The Economic Collapse blog,

    How far would you go to feed your family? 

    Hopefully that is a question that you will not have to answer any time soon, but right now we are seeing millions upon millions of people become more desperate as economic conditions rapidly deteriorate and food costs soar.  At this point, most Americans are just barely scraping by from month to month, and in poorer countries on the other side of the world there are people that are literally starving to death. 

    As I have detailed previously, the UN has reported that 2.4 billion people did not have enough food to eat last year, and 900 million of them were facing severe food insecurity.  Sadly, those numbers will inevitably be even higher for 2023.  A global rice crisis has erupted, and the collapse of the Black Sea grain deal has greatly restricted the flow of agricultural goods from that part of the globe.  Food costs are spiking all over the planet, and that is really bad news for all of us.

    For those of us that live in the United States, the good news is that nobody is starving at this stage.

    But food prices have become extremely oppressive, and economic conditions are quickly moving in the wrong direction.

    670,000 full-time jobs have been lost in just the past two months, and on Friday we witnessed the worst unadjusted payrolls report for the month of August since the Great Recession.

    Yes, things really are that bad.

    One recent survey discovered that 61 percent of Americans are currently living paycheck to paycheck, but I expect this number to go even higher in the months ahead…

    Inflation, mortgage rates over 7% and credit card APR’s north of 20% have pushed all income brackets into living paycheck to paycheck, according to a new survey from Lending Club Bank.

    “In July 2023, 61% of U.S. consumers live paycheck to paycheck, unchanged from June 2023, but 2 percentage points higher than July 2022. Generally, more consumers of all income brackets reported living paycheck to paycheck in July 2023 than last year,” Alia Dudum, a money expert at LendingClub told FOX Business.

    Things are particularly dire for low income workers.  That same survey discovered that a whopping 78 percent of those that earn less than $50,000 a year are living paycheck to paycheck at this point…

    Lower-income workers have been the hardest hit by higher prices, particularly for food and other necessities, since those expenses account for a bigger share of the budget, studies show.

    Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between $50,000 and $100,000 were living paycheck to paycheck in July, both up from a year ago, LendingClub found. Of those earning $100,000 or more, only 44% reported living paycheck to paycheck.

    As I discussed last week, U.S. households that are feeling financial strain are increasingly turning to debt to make ends meet, and this has pushed debt levels to unprecedented heights

    Total household debt climbed to a new high in the second quarter of 2023, reaching $17.06 trillion, with credit card debt exceeding $1 trillion, according to the Federal Reserve Bank of New York. As interest rates stay high, costs continue to rise for expenses like housing and cars, and student loan payments resume, the amount of debt may rise, according to economists who spoke to the Daily Caller News Foundation.

    “The amount of debt outstanding, and in particular the surpassing of the $1 trillion mark, is significant and worrisome,” Peter Earle, an economist at the American Institute for Economic Research, told the DCNF. “It owes to a combination of several factors. The initial response to the pandemic, which prominently included the Fed setting policy (interest) rates at essentially zero for several years, made the amount of credit and the price of taking on debt extraordinarily cheap.”

    As economic conditions get worse, people are becoming more desperate.

    This is helping to fuel a crime wave all over the nation, and retailers are being forced to implement extreme measures.

    According to the Wahington Post, a Giant Food store in Washington D.C. is actually going to be taking all Tide, Colgate and Advil products off the shelves completely because theft has become such a problem…

    In the coming weeks, a Giant Food market in D.C. will clear its beauty and health aisles of all national labels. No more Tide, Colgate or Advil, only store brands. Shoppers also will have to present their receipts to an employee before exiting the store.

    It’s the regional supermarket chain’s most overt gambit against the rampant theft that’s plaguing retailers of all sizes. It’s also a potential last-ditch effort to avoid shutting down the unprofitable store on Alabama Avenue — the only major grocer east of the Anacostia River in Ward 8.

    An executive for the chain told the Washington Post that the company has “no other choice” and she noted that other stores in the area have done similar things…

    “We have no other choice,” Diane Hicks, senior vice president of operations said Thursday during a walk-through with officials from the D.C. mayor’s office, the Metropolitan police and fire departments, and Chamber of Commerce. She added that other nearby stores have locked up all their product on those aisles or removed them altogether.

    “I’ve been leaving it out for our customers and unfortunately it just forces all the crime to come to us.”

    This is where our entire society is heading.

    It is just a matter of time before we see armed guards stationed in grocery stores and on food trucks all over America.

    Desperate people do desperate things, and right now we are seeing things happen that are absolutely nuts.

    Just a few days ago, an extremely shocking incident that happened in broad daylight at a Home Depot store in California made headlines all over the nation

    Brazen thieves were caught on camera casually walking out with $9,000 worth of goods from separate California stores as lawlessness in the state governed by Gavin Newsom continues.

    A group of masked thieves stormed into a Home Depot store in Signal Hill on August 27 and stole $5,000 worth of power tools in full view of shocked staff and customers.

    The seven men loaded two shopping carts with expensive goods and carried as much as possible in their arms before walking out.

    These sorts of robberies have become so common that I couldn’t possibly cover them all.

    We really are starting to become a “Mad Max” society.

    Of course the truth is that the entire world is moving in that direction.  Global supplies of food are getting tighter and tighter, and the recent spike in rice prices has created a tremendous amount of concern

    Countries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth. Global food security is already under threat since Russia halted an agreement allowing Ukraine to export wheat and the El Nino weather phenomenon hampers rice production.

    Now, rice prices are soaring, and it’s putting the most vulnerable people in some of the poorest nations at risk. Vietnam’s rice export prices, for instance, have reached a 15-year high. Even before India’s restrictions, countries already were frantically buying rice in anticipation of scarcity later when the El Nino hit, creating a supply crunch and spiking prices.

    Civil unrest has already started to erupt in various parts of Africa, but if current trends continue things will get a whole lot worse around the globe in 2024.

    Are you prepared for what is ahead?

    Right now, a lot of people are apparently asking that question.  In fact, according to Zero Hedge the number of Americans searching for the term “live off grid” on the Internet has hit the highest level in years…

    What’s piqued our interest is the sudden panic by some Americans searching ‘live off grid’ on the internet, hitting the highest level in five years. The driving force behind finding a rural piece of land for dirt cheap, buying or building a tiny home, installing solar panels, and sourcing your own food and water might have to do with the worst inflation storm in a generation while Democrat cities implode under the weight of soaring violent crime.

    I have been relentlessly warning my readers that “Mad Max” conditions are coming for years.

    Anyone that took an honest look at the long-term trends should have been able to see that.

    Global leaders have been making absolutely disastrous decisions for a very long time, and now we are all going to reap the consequences.

    *  *  *

    Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

    Tyler Durden
    Thu, 09/07/2023 – 19:40

  • 'Lee' Explodes To Category 4 Hurricane 
    ‘Lee’ Explodes To Category 4 Hurricane 

    Update (1920ET):

    In about a 12-hour timeframe, Hurricane Lee rapidly intensified from a Category 1 to Category 4 storm on the Saffir-Simpson Hurricane Wind Scale. 

    The National Hurricane Center’s latest update said, “Lee becomes a category 4 major hurricane. Dangerous surf and life-threatening rip currents are likely in the Leeward Islands, Puerto Rico, Bahamas and along the east coast of the U.S.” 

    https://platform.twitter.com/widgets.js

    Weather Channel meteorologist Jim Cantore said, “Another cat5 on the way… Almost a double rapid intensifier. Impressive to say the least.” 

    Cantore continued, “Still much to be watched into next week as steering sets up. Any potential direct USA impacts would be likely a week away.” 

    https://platform.twitter.com/widgets.js

    Here are the latest spaghetti models of Lee’s possible paths.

    Cat 5 by tomorrow morning?

    *   *   * 

    The National Hurricane Center warned Hurricane Lee is intensifying, and computer models suggest it might reach “major hurricane” status by early Friday. 

    Lee is located 965 miles from the northern Leeward Islands in open waters with maximum sustained winds of 80 mph. The Category 1 storm is moving west-northwest at 13 mph.

    “The environment around the cyclone looks ideal for rapid intensification. The models are in fairly good agreement that significant strengthening should begin later today and continue into the weekend, when Lee will likely reach its peak intensity,” NHC said. 

    NHC warned, “Fluctuations in strength are likely from days 3 to 5 due to potential eyewall replacements, but Lee is still expected to be a dangerous hurricane over the southwestern Atlantic early next week.” 

    Computer models show Lee “slowing down before making a turn to the north in response to steering currents around it, particularly a dip in the jet stream moving toward the East Coast,” said Axios

    https://platform.twitter.com/widgets.js

    Possible Cat. 5?

    https://platform.twitter.com/widgets.js

    Axios noted Lee is about “week to 10 days away from a potential threat to the U.S. mainland.” 

    Tyler Durden
    Thu, 09/07/2023 – 19:20

  • Will Hunter Go Full NRA? A Biden Indictment Could Bring A Surprising Challenge
    Will Hunter Go Full NRA? A Biden Indictment Could Bring A Surprising Challenge

    Authored by Jonathan Turley,

    After the spectacular collapse of his sweetheart deal with the Justice Department in court, Hunter Biden’s lawyer angrily told the prosecutors in open court to “just rip it up.”

    It appears, however, that the defense team does not want to shred one part of the deal: the diversion agreement to avoid any charge over his false statement to obtain a gun permit.

    The defense is now arguing that, since the two sides signed the agreement before the implosion in court, it is final and complete.

    The Justice Department thinks otherwise. It is arguing that neither the probation officer nor the Court agreed to the plea agreement to finalize it. Indeed, it was the sweeping immunity language buried in the gun charge section that led the Court to throw a flag on the play.  Accordingly, the Justice Department is now pledging to indict Hunter by the end of the month.

    Hunter, however, is insisting that the Justice Department will have to pry the agreement from his cold, dead fingers. Indeed, the President’s son may be channeling more from the National Rifle Association (NRA) than its catchline. If the court rejects the diversion agreement as executed, Hunter could be making an argument that will leave the Biden White House in something of a pickle.

    One obvious attack against a charge is to argue that the underlying law itself is unconstitutional.

    Under 18 U.S.C. § 922(g)(3), anyone who is an “unlawful user of or addicted to any controlled substance,” including marijuana, is barred from possessing a gun and can face up to 10 years in prison.

    However, recently the United States Court of Appeals for the Fifth Circuit ruled the law violated the Second Amendment in United States v. Daniels. The case involved a man who was arrested in possession of marijuana and two loaded firearms. The Fifth Circuit relied on the Supreme Court’s decision in Bruen v. New York Rifle & Pistol Association, which established that firearms laws must conform with the nation’s “historical tradition of firearm regulation.”

    President Biden denounced Bruen as a virtual abomination and has been a vocal supporter of the underlying law. Hunter, however, may now find himself in strange company in seeking to avoid any federal charge.

    In the appellate opinion, Judge Jerry E. Smith wrote that “Our history and tradition may support some limits on an intoxicated person’s right to carry a weapon, but it does not justify disarming a sober citizen based exclusively on his past drug usage.”

    That sounds tantalizingly familiar, but is it enough for Hunter to go full Wayne LaPierre?

    If so, this would not be the first time that Hunter followed a path that his father has previously condemned in others. For example, for decades, Joe Biden has railed against “deadbeat dads” despite his son’s long effort to avoid paying child support to Lunden Alexis Roberts. Hunter spent years fighting support for his daughter Navy, even after a court confirmed that he was her father. Joe Biden himself only recently acknowledged the existence of Navy after routinely excluding her from the list of his grandchildren.

    Yet, the President may not be quite ready for his son to join actual hunters in advocating for sweeping gun rights protections, including for drug users.

    In making the argument, Hunter will have to claim that references to gun ownership by “law-abiding citizens” in past cases like District of Columbia v. Heller and Bruen should not be read to exclude everyone who breaks the law. Judge Smith cites a prior ruling in United States v. Rahimi, rejecting the federal ban on gun possession by people subject to domestic violence restraining orders. In that decision, the court held that the phrase should be read as “shorthand” alluding to “people who were historically ‘stripped of their Second Amendment rights.’”

    The government has argued (and would likely argue in the Biden case) that there were laws from the 17th and 18th centuries barring people from publicly carrying or firing guns while intoxicated.

    However, the Fifth Circuit rejected the historical claim and noted that “under the government’s reasoning, Congress could ban gun possession by anyone who has multiple alcoholic drinks a week…based on the postbellum intoxicated carry laws. The analogical reasoning Bruen prescribed cannot stretch that far.”

    The government has tried to use other laws barring guns to the mentally ill and dangerous individuals as historical analogs, but the court would have none of it.

    Indeed, Hunter could find himself arguing that people are too often denied rights by the government under claims that they are “insurrectionists.” Sound familiar?

    The government has pointed to how “Founding-era governments took guns away from persons perceived to be dangerous.”

    However, the Fifth Circuit noted that those laws targeted unpopular people, including Catholics, as akin to traitors to the Revolution. Judge Smith wrote that drug users “are not a class of political traitors, as British Loyalists were perceived to be. Nor are they like Catholics and other religious dissenters who were seen as potential insurrectionists.”

    So, a rejection of the gun diversion agreement could prove an even greater diversion for the Biden family as Hunter embraces the very decisions and rights long opposed by his father.

    In the meantime, the Justice Department would be citing historical precedent used against Catholics (like the Bidens) as potential insurrectionists who cannot be trusted with weapons.

    Of course, White House Press Spokesperson Karine Jean-Pierre could defend all of this by paraphrasing the NRA that the “only thing that stops a bad guy with a gun [case] is a good guy with a gun [case].”

    Tyler Durden
    Thu, 09/07/2023 – 19:00

  • Woke Bill Gates Foundation Becomes One Of Anheuser-Busch's Top Shareholders
    Woke Bill Gates Foundation Becomes One Of Anheuser-Busch’s Top Shareholders

    A new Form 13F filing with the US Securities and Exchange Commission reveals that one of the ‘wokest’ billionaires has put his stamp of approval on one of the wokest beers in America. 

    The filing showed the Bill and Melinda Gates Foundation Trust bought 1.7 million shares of Anheuser-Busch, valued at around $95 million, signaling Gates has confidence in the beer company that imploded its Bud Light brand after a disastrous advertising campaign in April with transgender TikTok influencer Dylan Mulvaney. 

    Gates’ Seattle-based $69 billion trust bought the shares around the latest earnings report around $59.89 per share. Shares are currently trading at a 6% discount around $56.24. 

    Last month, Anheuser-Busch said US revenues slid 10% in the second quarter due to the consumer backlash of Bud Light. This allowed Modelo Especial, the nation’s new king of beers, to become the best-selling beer among US consumers. 

    Gate’s bet on Anheuser-Busch ranks him as the ninth largest shareholder. 

    Gates, who has previously said he’s “not a big beer drinker,” has bought other brewers, including a 3.76% stake in Heineken Holding NV earlier this year. 

    A former Anheuser-Busch executive told Fox News’ Neil Cavuto that Gates’ investment into the brewer is a “mistake.” 

    “Bill Gates is definitely making a mistake.

    “Earlier this year, he already made a $900 million mistake when he invested into one of Anheuser-Busch’s largest rivals, Heineken. He did that earlier this year. And since that investment, Heineken’s down about 10%, whereas the broader markets are up 10%.”

    “So if I was looking for advice on investing to software companies, tech companies, I might go to Bill Gates. But if you’re looking at the beer industry, he doesn’t have a great track record of investing in winners at this point,” former Anheuser-Busch executive Anson Frericks said. 

    Bill has put his stamp of approval on Bud Light. 

    Some on social media have called for a doubling down on the Bud Light boycott following the news Gates is now a majority shareholder of the brewer. 

    Tyler Durden
    Thu, 09/07/2023 – 18:40

  • CDC Warns RSV Cases Are Rising Among Infants, Babies
    CDC Warns RSV Cases Are Rising Among Infants, Babies

    Authored by Katabella Roberts via The Epoch Times (emphasis ours),

    The Centers for Disease Control and Prevention (CDC) is warning physicians and caregivers about an increase in respiratory syncytial virus (RSV) cases across some parts of the Southeastern United States in recent weeks.

    In a Sept. 5 health advisory, the health agency said the rise in cases suggests a “continued shift toward seasonal RSV trends observed prior to the COVID-19 pandemic.”

    “Historically, such regional increases have predicted the beginning of RSV season nationally, with increased RSV activity spreading north and west over the following 2–3 months,” the CDC said.

    CDC data shows increases in weekly RSV levels since July but the agency said that nationwide, RSV test positivity had remained below the season onset threshold of 3 percent for two consecutive weeks.

    However, more recent data show test positivity has increased in Florida since late July, and the three-week moving average has been greater than 5 percent for the last month.

    RSV hospitalizations also increased in Georgia in August, the CDC said.

    From Aug. 5 through Aug. 19, the rate of RSV-related hospitalizations increased from 2 in 100,000 kids aged 4 and younger, to 7 per 100,000, with the majority of those hospitalizations being in babies less than a year old, the CDC said.

    In response to the rise in cases, the health agency urged clinicians to “prepare to implement new RSV prevention options” ahead of the 2023–2024 RSV season, including administering shots of monoclonal antibody products to patients as well as a preventative antibody treatment called nirsevimab.

    A human respiratory syncytial virus, also known as RSV, shown in a 1981 electron microscope image. (Centers for Disease Control and Prevention via AP)

    FDA Approves RSV Treatments

    For all infants ages <8 months, and infants and children ages 8–19 months who are at increased risk of severe RSV, clinicians should start to offer Nirsevimab when it becomes available (expected by early October),” the CDC said.

    A panel of outside advisers to the Food and Drug Administration (FDA) voted unanimously in July to approve nirsevimab for RSV in newborns and infants up to 24 months of age.

    Sold under the brand name Beyfortus, the treatment is made by AstraZeneca and marketed by Sanofi. The companies said the drug showed efficacy in several clinical trials.

    Regulators in countries including Canada and the United Kingdom have already approved Beyfortus.

    A month later in August, regulators with the FDA also approved the first vaccine to be taken by pregnant women to prevent RSV infections in babies and toddlers.

    Made by Pfizer, the Abrysvo single-dose injection was approved for use at 32 through 36 weeks of pregnancy. According to the pharmaceuticals giant, pregnant women who receive immunity from the shot will pass that immunity along to their unborn baby before birth, thus protecting them from lower respiratory tract disease (LRTD) and severe LRTD caused by RSV until at least the age of 6 months.

    In trials, a dangerous hypertensive disorder known as pre-eclampsia occurred in 1.8 percent of pregnant individuals who received Abrysvo compared to 1.4 percent of pregnant individuals who received a placebo, according to the FDA.

    Read more here…

    Tyler Durden
    Thu, 09/07/2023 – 18:20

  • Fan Appeal: Could Basketball Kick Football Off Its Throne?
    Fan Appeal: Could Basketball Kick Football Off Its Throne?

    As the NFL season kicks off, millions of Americans will be glued to their television screens (or whatever screens their watching on), happy to finally see the return of their favorite sport.

    According to Statista Consumer Insights, American football – or just football depending on where you live – is still the clear number 1 sport in the United States. 77 percent of U.S. adults who generally follow sports said they follow football, putting it far ahead of basketball, followed by 59 percent of respondents, and baseball at 50 percent.

    But, as Statista’s Felix Richter reports, while football has been America’s true favorite pastime for decades (sorry baseball), that doesn’t necessarily mean things will stay that way forever.

    In fact, there are some signs that football’s reign could eventually come to an end, as the sport has struggled to resonate with younger fans in the same way that the NBA has.

    As the following chart shows, football has already lost its lead to basketball among 18- to 24-year-olds, while retaining a dominant lead in older age groups.

    Infographic: Fan Appeal: Could Basketball Kick Football off its Throne? | Statista

    You will find more infographics at Statista

    With game times of around three hours that aren’t exactly action-packed, NFL games just aren’t ideally suited for younger consumers who are no longer used to pay attention to anything for that long.

    The NBA has been quicker to embrace the change in sports consumption, catering to an audience that is more likely to watch highlight clips on social media than sitting through entire games on ESPN. The fact that basketball is also easier to pick up and play casually adds to the sport’s popularity among young fans, not to mention the appeal of superstars such as LeBron James, who are deeply ingrained in popular culture.

    Whether this trend will continue long enough for basketball to kick football off its throne remains to be seen, but for now basketball is winning the battle for young audiences.

    Tyler Durden
    Thu, 09/07/2023 – 18:00

Digest powered by RSS Digest

Today’s News 7th September 2023

  • European Nat Gas Prices Tumble After Chevron Australia LNG Workers Delay Strike
    European Nat Gas Prices Tumble After Chevron Australia LNG Workers Delay Strike

    A Bloomberg report that workers on Chevron’s Gorgon and Wheatstone LNG projects have delayed strike action until Friday is being viewed as a sign talks are going well, as strikes were meant to begin Thursday. The positive conclusion to last week’s talks between Woodside and unions is another indication the worst-case scenario is unlikely.

    The new deadline for industrial action at the Gorgon and Wheatstone plants is 6 a.m. local time Friday, a Chevron Australia spokesperson told Bloomberg. The unions previously threatened to start partial strikes on Sept. 7 and then escalate to full stoppages that would begin Sept. 14 and last two weeks.

    “We will continue to work through the bargaining process as we seek outcomes that are in the interests of both employees and the company,” the company said in the statement. “We will also continue to take steps to maintain safe and reliable operations in the event of disruption at our facilities.”

    “It really is essential to explore all avenues to avoid industrial action,” said Richard Pratt, a consultant for Precision LNG. “Once strikes start, the parties are driven further apart so this is a welcome development.”

    The two Australian LNG plants operated by Chevron made up about 7% of global LNG supply last year (see “Q&A On Australia’s LNG Strike Risks“). The extension of talks follows a compromise that another Australian exporter, Woodside Energy Group Ltd., reached with workers last month to prevent industrial action at its own plant.

    Meanwhile, Bloomberg notes that the impact of any industrial action may be limited at first because demand is muted in Europe and Asia, but a prolonged disruption may have sparked a bidding war between the two regions for alternative cargoes in peak winter season.

    The threat of strikes had roiled global gas markets since early August, when unions first voted for potential labor actions at the three plants. The European gas benchmark surged 40% at one point, highlighting the continent’s heavy dependence on LNG after the curtailment of Russian pipeline gas flows. Imports of LNG in Europe are recovering after a recent dip, helping offset reduced pipeline-gas flows from Norway amid maintenance there. Still, traders remain on high alert for any prolonged blips in supplies.

    In immediate response, Dutch front-month futures, Europe’s gas benchmark, traded 10% lower at €30.90 a megawatt-hour…

    … and with EU natural gas storage now above 93%, could fall further in the near-term unless the situation in Australia deteriorates.

    Tyler Durden
    Thu, 09/07/2023 – 02:45

  • To The Last Ukrainian
    To The Last Ukrainian

    Authored by Katya Sedgwick via AmericanMind.org,

    The war is a disaster in every sense…

    It was Vladimir Putin who initially noted that the West is willing to fight Russia to the last Ukrainian.

    Well, it looks like it’s finally happening – we’ve run out of Ukrainians, or at least we ran out of the ones willing to die for their country. Ukraine is running short of the young, fertile, and productive.

    When Russia launched its full-scale invasion of its neighbor in February, 2022, the media lit up with stories of bumbling, murdering Russkies and heroic Ukrainians.

    The legend of the Ghost of Kyiv, the mystery pilot destroying legions of Russian fighter planes—eventually debunked as propaganda—raised expectations of a quick triumph of the underdog.

    Many Ukrainians volunteered in these early days of war. Out of 6.1 million living abroad, some returned to defend their country. Martial law was swiftly imposed, barring able-bodied military age men from crossing the border. In the the rapidly aging post-Soviet nation, military age was defined as 18 to 60.

    In a piece I wrote last year for The American Conservative, I collected draft-dodging stories from the back pages of Ukrainian media. I took care to avoid Russian sources that could be dismissed as propaganda. I also found what was then a very unusual New York Times item that described popular Telegram channels that alert subscribers of real time locations of conscription officers issuing summons on the streets of Ukrainian cities.

    An interesting twist on the real time draft-dodging tools was a March 2023 post on a censored and hyper patriotic Kharkiv Live channel recommending this type of group chat to over a half a million of its subscribers. Vocally expressed nationalistic sentiments, as it turned out, don’t necessarily translate into willingness to take up arms — or even support of mass mobilization.

    A recent survey found that just 6 percent of respondents in Kharkov are planning to enlist if the situation deteriorates. This number is the lowest in the country, but other regions are not far behind. Kiev, for instance, is at 12 percent. Because this is a wartime poll conducted in a country under martial law, I’d take its findings with a grain of salt.

    A few weeks ago, Vladimir Zelensky acknowledged the problem of corruption in the armed forces and fired all regional recruitment chiefs. He intends to replace them with “warriors who have gone through the front or who cannot be in the trenches because they have lost their health, lost their limbs, but have retained their dignity and have no cynicism.” It’s an agreeable sentiment, but I strongly suspect that the returning fighters are quite cynical in many regards, especially when it comes to the way business is conducted in their country. Last week’s resignation of the Defence Minister Oleksii Reznikov at the time of widely publicized military corruption scandals should be a clue that the problem is larger than the recruitment chiefs. Zelensky’s official explanation that the country is looking for “new approaches” amounts to an admission of failure.

    Ukraine is now insistent on drafting everyone. Since a large number of draft-eligible men fled abroad — 163,287 live in Germany alone — they need to be extradited. Poland already began the process of deporting Ukrainians back home to fill the trenches. Moreover, the Defense Ministry approved new drafting rules under which men suffering from disabilities ranging from slow progressing nervous system disorders to  hemorrhagic conditions are now eligible to be drafted. Morale and effectiveness of this kind of army is questionable. 

    This late in the war, Ukrainians are unlikely to change their mind about marching into the meat grinder. Ukraine does not publicize its casualties, but multiple videos circulating on social media show sprawling fresh graves under the national banners. The recent official U.S. estimate is 70,000 dead and 150,000 to 200,000 wounded out of 5.5 million military age men—more dead in 18 months than the U.S. lost in the Vietnam War. According to German medical supplier Ottobock, which makes prosthetics, the number of amputees now stands at up to 50,000. With characteristic German understatement Ottobock adds that the real figure is probably higher because it takes time to process cases. Meantime, Ukraine is preparing for 1.5 million disabled.

    The volunteers who answered the call early in the war were likely ideological and educated. Obituaries commemorated the flower of Ukraine—an activistan actoran astrophysicist. Men escaping the draft are wealthy and connected, educated, and living in large population centers. The ones dragged into combat now are poor and rural.

    The greatest loss to the country has been the departure of women and children. After the flight of refugees and the annexation of southeastern regions, Ukraine’s population dropped from 42 to about 30 million. Women from Kiev and Kharkov, the largest and most developed Ukrainian cities, are most likely to have left the country. These women are young and middle aged, and have college degrees and children. According to a report in the Italian newspaper Carrier De La Serra, educated refugees were able to find employment abroad and their children study in local languages. Some families crumble. It’s doubtful that those already growing roots will return after the war. More likely they will be joined by their equally well-educated husbands.

    Given Ukraine’s very low pre-war birth rate, the loss of millions of children and women of reproductive age can be catastrophic. So is the damage done to the Ukrainian village and cultural heritage, both Russian and Ukrainian.

    Ukraine’s greatest accomplishment in the war so far is the methodical erasure of every visible reference to Russian culture from its landscape — starting with monuments to the foundational Russian poet Alexander Pushkin and going down the list of literary and cultural figures.

    Ukraine has a storied martial tradition—the Cossack valor is legendary. Many of those drafted went into the meat grinder putting their faith into providence alone. But today’s Ukraine is urban; the nomadic steppe dwellers are gone and so are their large families. Too many only sons perished in the trenches and further losses are hardly acceptable to ordinary people. A positive outcome for Ukraine is hard to imagine even in the unlikely scenario that Russia loses on the battlefield.

    Tyler Durden
    Thu, 09/07/2023 – 02:00

  • The Only Thing We Have To Fear Is Extinction Itself
    The Only Thing We Have To Fear Is Extinction Itself

    Authored by James George Jatras

    A version of this presentation was given to the Ron Paul Institute’s Scholars Seminar on Sept. 1st in Washington, DC.

    Today it’s hard for anyone under the age of 50 to appreciate how genuine and pervasive was fear of a nuclear holocaust during the Cold War between the US- and Soviet-led blocs.

    Books, movies, and TV both reflected and stoked popular anxiety about the possible “end of civilization as we know it.” The heyday for this was in the 1950s and 1960s, with books like The Long Tomorrow(1955) and On the Beach (1957, with a 1959 film adaptation), and films like Fail Safe, Seven Days in May, Dr. Strangelove (all in 1964, while the real-life scare of the 1962 Cuban Missile Crisis was fresh in people’s minds).

    There appeared to be a bit of a lull during the 1970s era of US-Soviet détente under Nixon, Ford, and Carter, perhaps also reflecting elite sympathy for socialism and an expected future convergence between the ideological groupings, which on a basic level shared the same globalist, materialist values. But nuclear terror returned with a vengeance in the 1980s – for example, The Day After (1983) and the animated When the Wind Blows (1986). And who can forget (certainly no male person!) the delightful Nena’s 1983 music video Neunundneunzig Luftballons.

    The Left, both in the United States and worldwide, was unanimous that Ronald Reagan, a self-confessed anti-communist, was a reckless cowboy who wanted to blow up the planet. As that great philosopher, Sting, put it in his 1985 song, “The Russians”:

    There is no historical precedent
    To put the words in the mouth of the president?
    There’s no such thing as a winnable war
    It’s a lie we don’t believe anymore
    Mister Reagan says, “We will protect you”
    I don’t subscribe to this point of view
    Believe me when I say to you
    I hope the Russians love their children too

    The irony is that Reagan’s own views were hardly different from the ones the song sought to promote. As he stated jointly with Soviet premier Mikhail Gorbachev that very same year, 1985: “A nuclear war cannot be won and must never be fought,” a view that prevailed until the USSR imploded just a few years later.

    We live in a very different world now, where the prospect of nuclear annihilation barely registers with anyone.

    Just as big earthquakes are often preceded by foreshocks, major wars are frequently heralded by smaller conflicts. Before World War One: the Franco-German Morocco crises (1906 and 1911), the Italo-Turkish War (1911-12), the two Balkan Wars (1912, 1913). Before World War Two: the Second Italo-Ethiopian War (1935-37) and, the most famous pre-conflagration rumble of them all, the Spanish Civil War (1936-39).

    Today, we are looking at a possible regional war in West Africa, centering on American and French demands that “democracy” be restored in Niger. (As one Indian publication put it, “Death follows Victoria Nuland”) Then, of course, there’s China/Taiwan.

    But the obvious Spanish Civil War-rank conflict of the moment is Ukraine.

    I don’t think we need to go into all the details of how we got here, but just in brief:

    • Relentless NATO expansion after 1991;
    • The 2014 US- and EU-backed coup that overthrew Victor Yanukovich, followed by the Russian annexation of Crimea and the new Kiev regime’s launch of a war to repress rebellions in the Russian-speaking east and south of the country;
       
    • The 2015 Minsk agreements, which provided for Ukraine’s neutrality and decentralization, and for reintegration of the rebellious areas with protections of their language and culture – agreements that both Ukrainian and European former officials have admitted they never intended to implement, seeing them only as a delaying ruse for building up a force capable of conquering the Donbas;
       
    • A relentless program of Ukraine’s NATO-ization in all but name under Obama, Trump, and Biden; and
       
    • Washington’s peremptory rejection of Moscow’s 2021 ultimata to the United States and NATO to resolve the conflict diplomatically, with the hope that Russia, baited into an incursion into Ukraine, would be bled white in an Afghanistan-style insurgency and by crushing sanctions that would “turn the ruble into rubble,” pancake Russia’s economy, and lead to regime change in Moscow.

    Oops. Russia’s expected ruin didn’t happen. Even the mainstream media cheerleaders of only a fortnight ago now admit that Ukraine is losing, assigning the blame not to the geniuses that thought up this strategy (if it can be called that) but to Ukraine’s being too “casualty averse” – even as that country is turning into one vast graveyard. There’s speculation that some in Washington and other western capitals are seeking an “off-ramp” – if for no other reason than the need to focus on the really big show, a looming war with China. Some suggest that in the end, we’ll just walk away, consigning Ukraine to the Memory Hole along with Afghanistan. All that’s left then is for GOP neocons to whine that the Biden Administration was too stingy with their aid and “lost Ukraine” while they gear up for the main event in the western Pacific.

    Personally, I don’t think that will happen. Nobody cares about Afghanistan but the Afghans, but if Washington walks away from Ukraine it’s effectively conceding that the US, through NATO, no longer is the security hegemon of Europe. That means the effective end of NATO, in fact if not in name; and where NATO goes, its concubine, the European Union, won’t be far behind.

    More to the point, though, the notion that this will soon end with a whimper misses the whole point. None of this is really about Ukraine, which is just an expendable tool to hurt Russia. (Maybe the Poles or Lithuanians or Romanians are eager to volunteer for the job once we’re fresh out of Ukrainians.) Ukraine is just a variable; the constant is Ruthenia delenda est. Russia must be destroyed.

    Gilbert Doctorow, a noted observer of Russian affairs, likens the current situation to that of Napoleon’s 1812 Russian campaign depicted by Leo Tolstoy in War and Peace. Today as then, what happens next will be less due to this or that policymaker making this or that bad decision. Rather, “the precondition for war is the near universal acceptance of the logic of the coming war.”

    What is that logic today? It’s simple: the ruling circles in the United States (needless to add, with their sock puppets in western capitals) are utterly, unselfconsciously convinced that they are the living embodiment of all virtue, truth, and progress in what Russian Foreign Minister Sergei Lavrov described as the “replication of the experience of Bolshevism and Trotskyism” – to cite Reagan, morphing ourselves into a new Evil Empire in place of the old one. As neocon kingpins William Kristol and Robert Kagan put it in their 1996 manifesto, the policy of the United States in the coming era must be one of “benevolent global hegemony” intended to last – well, forever. Its moral content is exemplified, on the one hand, by US support for subjugation of the canonical Ukrainian Orthodox Church and, on the other, the spectacle of a transgender US serviceperson acting as a PR official for the Ukrainian military declaring that “we’re human,” and the Russians “most definitely aren’t.”

    As I like to say: there’s no Transatlanticism without transgenderism.

    Unsurprisingly, regarding their alleged lack of human-ness, the Russians disagree. But who cares what they think? Our leaders see not only Putin but Russians in general as an obstacle to the radiant future, where every knee will bow before the sacred rainbow flag.

    Sun Tzu says “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know neither the enemy nor yourself, you will succumb in every battle.” The Russians more or less know themselves. They kind of know us, but not as well as they think they do, with rather a tendency to project normalcy onto fundamentally abnormal people. On the other hand, our rulers – dangerous people whose levels of arrogance and ignorance defies description: monkeys with nuclear hand grenades – know neither themselves nor the Russians.

    On top of that, as Doctorow further observes, the mechanisms that lent some stability and restraint to the US-Soviet standoff are now all but gone, rendering the once-“unthinkable” of the 1950s’ nuke horror films all-too-thinkable today:

    ‘… no one wants war, neither Washington nor Moscow. However, the step-by-step dismantling of the channels of communication, of the symbolic projects for cooperation across a wide array of domains, and now dismantling of all the arms limitation agreements that took decades to negotiate and ratify, plus the incoming new weapons systems that leave both sides with under 10 minutes to decide how to respond to alarms of incoming missiles—all of this prepares the way for the Accident to end all Accidents.  Such false alarms occurred in the Cold War but some slight measure of mutual trust prompted restraint. That is all gone now and if something goes awry, we are all dead ducks.’

    “No one wants war.” A similar thought was expressed by Hermann Göring, when he was on trial at Nuremberg:

    Of course the people don’t want war; neither in Russia nor in England nor in America, nor for that matter in Germany. That is understood. … But after all, it’s the leaders of the country who determine the policy, and it’s always a simple matter to drag the people along whether it’s a democracy, a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger.

    So I guess Doctorow is a bit off the mark in suggesting that “no one wants war.” Clearly, somebody wants war. A lot of very important “somebodies” wanted this war in Ukraine. They wanted war in the Balkans in the 1990s. They wanted war in Afghanistan, Iraq (twice!), Libya, Yemen, Syria, and a dozen places in Africa where we have almost no idea what’s going on.

    “All you have to do is tell them they are being attacked…” I can’t help but think of the meme with two blank-face NPCs, one wearing a pink knit hat mindlessly repeating “Russia! Russia! Russia!,” the other with a red MAGA hat chanting “China! China! China!” Between them is the seal of the CIA with the eagle saying, “Yes, yes, my pretties. That’s it. That’s it.”

    Here we are, 60 years after the fact, with the growing recognition by even the most spoon-fed normies that the CIA had something to do with the assassination of Jack Kennedy. In fact, we have here today perhaps the foremost authority on the topic, Mr. Jacob Hornberger. Yet doubting our rulers’ truthiness still is treated as a thought crime. A little while ago, Vivek Ramaswamy was the target of a media hate fest for (in the words of The New Republic) “spout[ing] conspiracy theories about January 6 and 9/11.” Oh no! “Conspiracy theories”! (Or, as they are known when they turn out to be true, “spoiler alerts.”) The heretic Ramaswamy evidently believes – shocking as this sounds – that our government has not been entirely honest about these matters. He must be a dupe for the Russians! Or for the Chinese! – which The New Republic also implies.

    You may have heard some people compare the “lawfare” being directed against Donald Trump, with the evident aim of eliminating the likely opponent next year of the desiccated-husk-of-Hunter-Biden’s-dad (assuming ol’ Joe will be the Democratic nominee, which I don’t), to the behavior of a banana republic. This is a gratuitous insult to the friendly spider-infested nations to our south!

    I recently suggested to a sober observer of public affairs that the strategic goal is keeping Trump off the ballot in one or more must-win states for him, like Pennsylvania, Michigan, Georgia, Arizona, to which he responded: “That’s a recipe for civil war.” (I tried to imagine what Republicans taking to the streets would look like. A mob of decrepit Boomers rolling their motorized wheelchairs down to the corner and burning down the post office?) Anyway, taking him out via lawfare seems to be Plan A. If that fails – well, Plan B would get us into Mr. Hornberger’s area of expertise.

    The term “cold” civil war, a war that might possibly turn “hot,” has become a commonplace in American discourse. So has the expression “national divorce.” In 1861 Americans both North and South worshipped the same God, read the same Bible, honored the same Founding Fathers, claimed fidelity to the same Constitution. In today’s America, we can’t even agree on our pronouns or on what a “woman” is, much less on what it means to be an American. We are moral aliens to one another, indeed enemies. What actually holds the former American republic together? “Muh Constitution”? “Muh democracy”?

    Keep in mind, we’re not talking about a mere political crisis that will get solved in an election or two. Not even about political and constitutional collapse, or even a financial and economic calamity – that’s coming too, in part because of the impact of the Ukraine war on the dollar-denominated global system – but a fundamental challenge to the social fabric itself, and not just in the United States.

    A watershed was passed with covid and the measures – the lockdowns, the masks, social distancing and monitoring, the clot shot, censorship of dissent, all combined with a pervasive, inescapable external and internal panopticon: as the troubadour of transhumanism Yuval Harari writes, “we are seeing a change in the nature of surveillance from over the skin surveillance to under the skin surveillance” – supposedly intended to deal with a virus, accomplishing within a few short months what decades of climate hysteria could not, summed up under the moniker “the Great Reset” and its ubiquitous slogan “Build Back Better.”’

    Taken together what we’re experiencing has all the appearance of a controlled demolition of all established human interactions in anticipation of their replacement by something we are assured by our betters will be an improvement. The contours of the “new normal” in the post-American America hurtling in our direction have already become so familiar as to need little elaboration:

    • Infringement of traditional liberties based on “keeping us safe”;
       
    • “Cancel culture”;
       
    • Blurring of the lines between Big Government, Big Finance, Big Pharma, Big Data, etc., amounting to corporate state capture; and, not directly based on supposed anti-virus measures but closely tracking with them,
       
    • Joint government and corporate promulgation of socially destructive, historically counterfeit ideologies (“intersectionality,” LGBTQI+++, feminism, multiculturalism, “critical race theory,”), with principal targeting of children subject to sexualization and predation by those expressing what were once quaintly known as abnormal appetites and identities.

    These so-called “values” – which, remember, are effectively the official ideology of the West, which we seek “benevolently” to impose on the rest of the world, by force if necessary – in turn accelerate longstanding trends towards infertility and demographic collapse pointing to thinning the human herd and replacement via post-human society, transhumanism, and bio-engineering. This is not just “political” but a strike at the heart of human existence: the spiritual, moral, and even biological basis for marriage, family formation, and production of the next generation. In a word: depopulation.

    A few years ago, His Royal Highness, the late Prince Philip of the United Kingdom, perhaps half in jest delivered this thigh-slapper: “In the event that I am reincarnated, I would like to return as a deadly virus, to contribute something to solving overpopulation.” Some of you may have heard of groups like Extinction Rebellion and BirthStrike: “Are you terrified about the future that lies ahead for contemporary and future youth? Do you want to maximize your positive impact on the Climate Change Crisis? You can protect children while fighting climate change and systematic corruption by refusing to procreate!” Makes perfect sense: preserve a better planet for future generations by eliminating future generations. It reminds me of Otto von Bismarck’s comparing the idea of preventive war to committing suicide out of fear of death. (That’s not as abstract as it might sound. Recently a young woman in Canada seeking help for depression and suicidal ideation was advised by hospital staff that she might be interested in their tried and Trudeau-ed “Medical Assistance in Dying (MAID)” euthanasia program. Tempted to kill yourself? Let us help you!) 

    But why stop at half measures? The Voluntary Human Extinction Movement, VHEMT (pronounced “vehement,” according to their website): “We’re the only species evolved enough to consciously go extinct for the good of all life, or which needs to. Success would be humanity’s crowning achievement. May we live long and die out.”

    Maybe they’re on to something! In his landmark work The Socialist Phenomenon, the late Russian mathematician and student of history Igor Shafarevich took note of what he believed is a collective human death impulse:

    The idea of the death of mankind—not the death of specific people but literally the end of the human race—evokes a response in the human psyche. It arouses and attracts people, albeit with differing intensity in different epochs and in different individuals. The scope of influence of this idea causes us to suppose that every individual is affected by it to a greater or lesser degree and that it is a universal trait of the human psyche.

    This idea is not only manifested in the individual experience of a great number of specific persons, but is also capable of uniting people (in contrast to delirium, for example) i.e., it is a social force. The impulse toward self-destruction may be regarded as an element in the psyche of mankind as a whole. [ … ]

    In the Freudian view (first expressed in the article “Beyond the Pleasure Principle”), the human psyche can be reduced to a manifestation of two main instincts: the life instinct or Eros and the death instinct or Thanatos (or the Nirvana principle). Both are general biological categories, fundamental properties of living things in general. The death instinct is a manifestation of general “inertia” or a tendency of organic life to return to a more elementary state from which it had been aroused by an external disturbing force. [“Dust thou art, unto dust shalt thou return.”] The role of the life instinct is essentially to prevent a living organism from returning to the inorganic state by any path other than that which is immanent in it.

    Marcuse [Shafarevich refers here to Herbert Marcuse, theorist of the Frankfurt School, known for his adaptation of the theory of class conflict in classical Marxism to other social divides, notably in the area of sex, setting the stage for “intersectionality”] introduces a greater social factor into this scheme, asserting that the death instinct expresses itself in the desire to be liberated from tension, as an attempt to rid oneself of the suffering and discontent which are specifically engendered by social factors.

    With the failure of the Ukrainian offensive, Moscow now faces a dilemma. Do they move decisively to impose a military solution that ends the war, or do they continue to show restraint in the hopes that somebody, somewhere – Kiev, Washington, London, Brussels – decides it’s time to sue for peace? Keen not to take a precipitous step that might bring about a direct clash of NATO and Russian forces, so far they’ve opted for the latter – I repeat: so far.

    The West faces its own dilemma. Do our rulers concede defeat, which effectively means the end of the Global American Empire (the GAE)? Or do they drag things out as long as possible, hoping Moscow will fall for another Minsk-type ceasefire, with the Kremlin playing the part of Charlie Brown taking another run at kicking the football, having been promised that this time we’ll keep our word? Or, mistaking Russian restraint for weakness, do they push the envelope by inserting a “coalition of the willing” into western Ukraine, challenging Russian naval forces in the Black Sea, encouraging and equipping the Ukrainians to step up attacks on Moscow and other Russian cities, staging some sort of false flag of the type that has proved so effective in other conflicts? In other words, do we double down? That’s in addition to opening up other asymmetrical theaters in the Balkans, Syria, Iran, the Taiwan Strait, and elsewhere.

    In mistakenly projecting a rational actor mentality onto their opponents, the Russians seem to be acutely aware of the legitimate concern that decisive military action on the ground could panic NATO and trigger an uncontrolled escalation. They seem oblivious to the contrary concern, that, by holding back and waiting for a reasonable dialogue that will never take place, they are in effect encouraging their adversary to stage one reckless provocation after another – in the sustained belief that some deus ex machina can snatch victory from the jaws of defeat – resulting in the very uncontrolled escalation that Moscow seeks to avoid.

    Even these speculations assume that the miserable specimens of humanity calling the shots in Western capitals would only risk a direct conflict but would not deliberately choose it. But is that assumption correct? As Doctorow notes, the old Cold War restraints have broken down. Maybe demonstration of a teeny-tiny, low-yield nuke is just the thing to show that non-human Vladof Putler that the GAE is serious!

    What could possibly go wrong?

    Recently on his podcast Judge Andrew Napolitano showed part of a computer simulation of a US-Russia nuclear exchange in which the initial toll on the US population was only (“only”!) about nine percent, while on Russia it was around 62 percent. (Given that Russia has more warheads than we do, I don’t know how they came up with that, but I didn’t conduct the simulation.)  Is it so impossible that somewhere, somebody might look at those data and decide it’s a tolerable tradeoff? (Later on, the simulation has pretty much everyone on earth starving to death from nuclear winter, with agriculture in the northern hemisphere unviable for several years. Now there’s a way to resolve both global warming and supposed overpopulation with one stroke! Hey, VHEMT, have we got a concept for you!)

    Whether or not these dolts manage to kill us all, either by deliberate action or through sheer incompetence, it’s hard to escape the notion that we are approaching the edge of some profound historical moment that will have far-reaching, literally life and death consequences, both domestically and internationally. In the period preceding World War I how many Europeans suspected that their lives would soon be forever changed—and, for millions of them, ended? Who in the years, say, 1910 to 1913, could have imagined that the decades of peace, progress, and civilization in which they had grown up, and which seemingly would continue indefinitely, instead would soon descend into a horror of industrial-scale slaughter, revolution, and brutal ideologies?

    Which brings us to my parting admonitions to your predecessors in this seminar, which I see no need to change:

    My young friends, the impact any one of us can expect to have in the face of world-historic trends before which the fates of nations and empires fly like leaves in the autumn winds is vanishingly small. Already baked into the cake will be, I believe, hardships for you that we’ve become accustomed to think only happen to “other people” in “other countries” far away, not seen here since the Revolution and the Civil War, or maybe in isolated instances during the Great Depression: financial and economic disruption and, in some places, especially in urban areas, collapse; supply chains, utilities, and other aspects of basic infrastructure ceasing to function (what happens in major cities when food deliveries stop for a week?), even widespread hunger; rising levels of violence, both criminality and civil strife. These will be combined, paradoxically, with the remaining organs of authority, however discredited, desperately cracking down on the enemy within – no, not on murderers, robbers, and rapists, but on “science deniers,” “religious fanatics,” “haters,” “conspiracy theorists,” “insurrectionists,” “gun nuts,” “purveyors of “medical misinformation,” Russian or Chinese “stooges,” and, of course, “racists,” “sexists,” “homophobes,” and so forth. It’s the late Samuel Francis’ “anarcho-tyranny” nightmare come to life with a vengeance.

    Nevertheless, for what it is worth, I put before you three practical tasks for your consideration.

    Firstly, be vigilant against deception, in a day when assuredly evil men and impostors will grow worse and worse, deceiving, and being deceived. Admittedly, this is a tough one, given the ever-present lying that surrounds us and the suppression of dissent. Try to sift truth from falsehood but don’t become obsessed because, in many cases, you won’t be able to be sure anyway. Focus most on what’s proximate to you and on the people most important to you. … Be skeptical – about everyone. … There may be a cost. As Solzhenitsyn said, “He who chooses the lie as his principle inevitably chooses violence as his method.”

    Secondly, as stewards of every worldly charge placed on us by God and by other people—as fathers and mothers, as husbands and wives, as sons and daughters, as neighbors, as students, as workers, as citizens, as patriots—we must prudently care for those to whom we have a duty within the limited power and wisdom allotted to us. Start with yourselves. Be as self-sufficient as possible. Get involved in your community; that leftist slogan is actually a good one: think globally, act locally. Befriend your neighbors. Learn a real skill – electricity, plumbing, carpentry. Farm! Don’t go to law school, for goodness’ sake. Get in shape. Eat and sleep right. Have plenty of the essentials: food, fuel, gold, ammunition. Learn to shoot. Limit computer and phone time. Experience nature. Cultivate healthy personal relationships – real ones, not virtual ones. Marry young, have kids, lots of them – especially women, don’t get seduced by all that “career” nonsense. Nobody on his or her deathbed ever said, “Gosh, I wish I’d spent more time at the office.” Read old books. Cultivate virtue. Go to church.

    Simply being what used to be considered normal and leading a productive life is becoming the most revolutionary act one can perform. With that in mind, find the strength to be revolutionaries indeed! In the face of the culture of death and extinction, choose to affirm life.

    You’ve seen the meme: Hard times create strong men; Strong men create good times; Good times create weak men; Weak men create hard times. Well, take it from the weakling Boomer generation that brought them to you: the hard times, they is a-coming. But they won’t last forever. If you live through them – and some of you will not – we’ll see what possibilities, as of now literally unimaginable, might then exist. But you will need to be personally fit to take advantage of them. You will also need to be part of some kind of sustainable community of likeminded people.

    Thirdly, for those of you who are believers, particularly Christians, we must pray without ceasing, firm in faith that, through whatever hardships may lie ahead, even the very hairs of our head are all numbered, and the final triumph of Truth is never in doubt.

    Thank you, and good luck. You’re going to need it.

    Tyler Durden
    Wed, 09/06/2023 – 23:45

  • China Launching $40 Billion Investment Fund To Subsidize Its Semiconductor Industry
    China Launching $40 Billion Investment Fund To Subsidize Its Semiconductor Industry

    It looks as though the competition in semiconductors between the U.S. and China is only getting started.

    And hey, when it doubt: nationalize the industry! That seems to be China’s strategy after it was announced this week that Beijing is going to be launching a new, $40 billion investment fund backed by the government, to help boost and subsidize its semiconductor industry. 

    This investment will be the largest of three that have been launched by China’s “Big Fund”, the nickname for the China Integrated Circuit Industry Investment Fund, according to Yahoo Finance. Its focus is going to be on “investment on equipment used in manufacturing advanced chips”.

    Other “Big Fund” funds were launched in 2014 and 2019, with funding provided by companies like China Development Bank Capital, China National Tobacco Corp. and China Telecom. 

    Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor have been beneficiaries of the “Big Fund” in the past, as has flash memory chipmaker Yangtze Memory Technologies, Yahoo reports. 

    The fundraising process “may take months”, according to the report, and it is unclear when China may launch the fund. 

    China is aiming to be self-reliant when it comes to chipmaking at the same time the U.S. has tried to limit the country from accessing advanced chips. 

    Chinese President Xi Jinping’s domestic push for semiconductors comes after the U.S. government’s CHIPS act was launched, providing $39 billion in manufacturing subsidies specifically targeting high end chip production in the U.S.

    The global semiconductor industry remains weighed down by regulation: as of now China has imposed restrictions on Micron and the U.S. has put into place export controls that have caused some companies difficulty in selling to China.

    Tyler Durden
    Wed, 09/06/2023 – 23:25

  • "It's Just Bizarre That Some People Still Want COVID Measures…"
    “It’s Just Bizarre That Some People Still Want COVID Measures…”

    Commentary by Anthony Furey via The Epoch Times (emphasis ours),

    Let’s start off with a little pop quiz. Please read this headline from CTV News and tell me the year the story was published: “Ontario will not require masks in schools this fall despite uptick in COVID cases.”

    Children wearing masks sit behind screened cubicles in their classroom at a school during the COVID-19 pandemic in Scarborough, Ont., on Oct. 27, 2020. (The Canadian Press/Nathan Denette)

    I’d like to think that it is from 2021, and that while people were still relatively concerned about the virus, the government determined that it should be up to parents whether or not their kids wore masks in class.

    Alas, this is not true. Ontario still mandated masks at that time.

    OK, so it must be fall of 2022 then? That sounds about right, because it is true that there were no mask mandates in Ontario schools at that point and the majority of kids chose not to wear them.

    It’s not from then, though. This is a news headline from just the other day—September 2023. Why is this considered news? Why is a media outlet even reporting about COVID and schools right now? Was the government even considering a mask mandate?

    These were all good questions that people asked on social media after the story went live. The last one is probably the most important one, because it would be very worrisome if the government was in fact considering such a mandate.

    “As is the case with every jurisdiction in Canada, masks will not be required in Ontario schools,” Education Minister Stephen Lecce said in an emailed statement to CTV. He then went on to talk about ventilation measures in the classrooms.

    Lecce did not give a press conference on this issue. The ministry didn’t even send out their own press release. While the story doesn’t spell this out, it seems like the intrepid reporter randomly asked the Education Ministry this question out of the blue for the sole purpose of writing this story. The fact that Lecce’s statement began with a nod to how nowhere else is doing this can probably be interpreted as a bit of an eyeroll at the news outlet for even asking the question in the first place. Good.

    It’s just bizarre that some people still want COVID measures right now, and the sprinkling of news stories currently cropping up seem to just play to that increasingly small and oddball base.

    A recent Toronto Star story discussed how small businesses are nervous about having to potentially face COVID restrictions this coming fall and winter. But the business advocates they quoted were just responding to random hypothetical questions put to them. It’s not like there was any government official or credible medical voice who was saying such things were in the works. It’s an entirely manufactured narrative at this point.

    The unfortunate part is that while most people won’t even notice these stories and just go about their daily lives, there will be a small number of people needlessly alarmed and frightened by them.

    Now I’m aware that my simply writing this column is in some ways playing into the efforts of those voices trying to get the COVID band back together again. They clearly want people talking about it as much as possible, even if it’s in opposition to them, just to get the discussion ramped up again. The best response is really just to totally ignore them and the whole narrative.

    One thing that we still haven’t received, though, is accountability when it comes to those who were so horribly wrong. Last fall, some alleged experts tried to claim that the back-to-school season would be a disaster without restrictions and children would suffer greatly from COVID. That didn’t at all come close to happening. So if you were an expert before you made such grandiose predictions—ones that came with calls to restrict the lives of children—the consensus should be that you are no longer an expert. Instead, too many people were encouraged to say ridiculous things and there was no follow-up to check in on how wrong they were.

    The good news, however, is pretty much everyone has tuned out all of this noise by now.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Wed, 09/06/2023 – 23:05

  • EU To Seize On Xi, Putin Absence At G20 To Woo Africa Closer
    EU To Seize On Xi, Putin Absence At G20 To Woo Africa Closer

    Russian President Vladimir Putin and Chinese President Xi Jinping’s absence from the upcoming G20 Summit in New Delhi likely has a number of Western heads of state breathing a sigh of relief, given some sensitive agendas could more easily gain consensus in their absence.

    China’s new premier, Li Qiang, is taking Xi’s place, while Foreign Minister Sergei Lavrov is representing Russia. EU officials will reportedly move to endorse the African Union’s bid to become a permanent member of Group of 20, while presenting themselves as the more stable path forward when it comes to Africa investment and engagement.

    Source: Associated Press

    Bloomberg has reported that this will be the goal of a high-level meeting with African leaders on the summit’s sidelines. This comes at a very sensitive moment for Europe given the coup events in Niger.

    More broadly, the past years have witnessed a series of junta governments come to power voicing anti-colonial sentiment, aimed particularly at France

    Russia and China have at the same time made deep inroads across the continent, offering investment, infrastructure and security agreements as a favorable alternative to “Western hegemony”. Bloomberg details based on diplomatic sources

    Among those due to take part are European Commission President Ursula von der Leyen, European Council President Charles Michel and German Chancellor Olaf Scholz. From the African side, participants will include leaders from G-20 member South Africa as well as from Egypt, Nigeria and the Comoros, current chair of the African Union, the people said.

    What’s being billed as a “mini-summit” takes place as competition intensifies for global influence amid a US-China standoff and divisions over Russia’s war on Ukraine.

    If it goes through, this would result in the African Union having the same status as the EU (of “permanent membership”, rather than merely “invited international organization”).

    Bloomberg further says that G20 summit host PM Narendra Modi is behind the plan: 

    Among the goals of their meeting in India on Sept. 9, European leaders want to endorse the African Union’s bid to become a permanent G-20 member, according to the people. Giorgia Meloni of Italy was among those leading on the AU’s G-20 membership at the last G-7 in Japan, while it is also a priority of this week’s summit host, Indian Prime Minister Narendra Modi.

    https://platform.twitter.com/widgets.js

    But lest this be seen simplistically an ‘east vs. west’ issue, Russia in June said it backs the AU becoming a permanent part of the G20. Lavrov specifically said it has the “active backing” of Moscow.

    Of course, this entails contrasting visions for the path of African states, given also President Putin has recently said Russia and Africa are going to “combat neo-colonialism, the practice of applying illegitimate sanctions, and attempts to undermine traditional moral values,” according to Russian media. But at least for this year’s G20, the West will have the upper-hand of engagement given their heads of state, including President Joe Biden, will be there, but not Xi or Putin… a first in a long time.

    Tyler Durden
    Wed, 09/06/2023 – 22:45

  • This Is How Bad Things Have Become In America…
    This Is How Bad Things Have Become In America…

    Authored by Michael Snyder via TheMostImportantNews.com,

    Can you imagine what tourists must think when they come to this country? 

    They spend a lot of money to fly all the way over here, and they are hoping to have amazing experiences that they will always remember.  But instead, they quickly realize that the cities that they have come to see are rapidly degenerating.  Today, our major cities are filthy, they are teeming with predators, and violent crime is completely out of control. 

    Let me give you an example of what I am talking about.  New York City is the financial capital of the world, and millions of tourists still visit each year.  But now the Big Apple has such an enormous rat problem “that rat tourism is fast becoming a boom industry”

    As the city grapples with a major rat problem – sightings doubled last year, prompting the mayor to advertise for a “somewhat bloodthirsty” head rat-catcher in December – the rodent issue is, according to some, New York’s latest must-experience trend.

    As visitors to New York demand rat action, some of the city’s tour guides have started to add stops at notoriously infested sites, the New York Post reported this week.

    It means that rat tourism is fast becoming a boom industry.

    One study concluded that there are about 3 million rats in New York City today.

    And with each passing day, the population grows even larger.

    The east coast may have rats, but if you want to really have an experience with the crime wave that is sweeping across America the best place to do that is the west coast.

    Some tourists from Malta recently found that out the hard way. 

    When they visited a beach in the San Francisco area, they had all of their possessions stolen from their vehicles within just 10 minutes

    Numerous groups of tourists visiting a beach in San Francisco had all their belongings stolen from their cars, including their passports, while at the ocean for just minutes.

    On their second day in San Francisco, a group of tourists from Malta contemplated cutting their trip short and returning to Europe after the brazen smash and grab that occurred in broad daylight within a mere 10-minute window.

    Another group from Europe was able to top that.

    They had all of their possessions stolen from their vehicle within just 5 minutes

    At the same beach, another European family enjoying a day by the ocean fell prey to a car break-in.

    Shocking footage captured by Matty Lopez on Instagram and shared by journalist Arisley T. Pacheco, who documents robbery victims, revealed their car’s trunk vandalized, with shattered glass scattered across the ground.

    The man recording the video questions the tourists, ‘So what happened – you went to the beach for five minutes?’ Their response is disheartening: ‘They took everything we had – passports, cameras, phones, iPads, laptops, luggage – everything.’

    Whether we like it or not, this is our country now.

    Once upon a time, Beverly Hills was world famous for the luxury retailers that lined Wilshire Boulevard.

    But now many of those iconic retailers have shut down permanently due to rising crime…

    A new video documenting the growing number of high-profile stores in Beverly Hills that have closed recently, places renewed emphasis on the crisis facing the retail sector in most major cities.

    The video, posted by an account called cody90210, shows some 11 popular Beverly Hills retail stops now entirely shuttered, including the iconic former Barneys location, Brooks Brothers, All Saints, and the high-end women’s fashion boutique Escada. Both Escada and Barneys filed for bankruptcy in recent years.

    The closed shops, which also include convenience retailers like Rite Aid and Chipotle, and even popular workout class option SoulCycle, have shuttered their doors on Wilshire Boulevard, leaving the area bereft of its former appeal. Their sad decline marks a departure from the area’s lengthy heyday, which even saw band Weezer pen a song with the lyrics ‘Beverly Hills, that’s where I want to be.’

    I don’t know why anyone would want to live in southern California at this point.

    Earlier today, I came across a story about a street vendor in south Los Angeles that was viciously assaulted by a group of thugs in broad daylight “in front of his 8-year-old special needs daughter”

    A group of masked males brutally attacked a street vendor in front of his 8-year-old special needs daughter and stole all his money in south Los Angeles over the weekend, KTLA-TV reported.

    These criminals have no respect for anyone or anything.

    They just want to take what you have.

    Of course this isn’t just a west coast phenomenon.  In Washington D.C., carjackings are up more than 100 percent so far this year…

    Washington D.C. has witnessed a staggering 670 reported carjackings in 2023 so far, representing 100 percent+ increase in the offense across the U.S. Capitol compared to the same period last year. The city’s Democrat-dominated city council, however, remains on vacation until September 15 and has shown no signs of trying to return early to solve the matter. In 2018, there were 140 carjackings, jumping to 360 by 2020, with total of 485 in 2022. The city has also seen a 113 percent increase in carjackings involving a firearm compared to 2022. A total of 513 incidents involved a gun, representing 77 percent of all D.C. carjackings. Only 157 incidents did not involve a firearm.

    Things are even worse in Baltimore.

    One young mother in the city that recently spoke to FOX45 News is deeply frustrated because she can’t seem to find a way to keep her 14-year-old daughter from stealing cars…

    As another school year begins, a Baltimore mom isn’t scheduling after-school activities for her 14-year-old daughter; instead, she’s scheduling court appearances and trying to figure out what – if anything – will get her daughter to stop stealing cars and follow the rules of her home detention.

    Rae spoke with FOX45 News about her 14-year-old daughter on the condition of not using her last name or showing her face on camera. In return, Rae spoke candidly about her daughter’s behavior, experience with police, and the Department of Juvenile Services.

    Apparently this 14-year-old girl is really good at stealing vehicles, and authorities refuse to keep her locked up because she is not an adult.

    Hopefully she will find a way to turn her life around.

    But the reality of the matter is that there are millions of others just like her.

    Our cities are being overwhelmed by hordes of young people that are totally out of control, and meanwhile police departments are shrinking.

    In fact, some small towns have eliminated their police departments entirely because it has become so difficult to find people that are willing to serve in this environment…

    America is in the midst of a police officer shortage that many in law enforcement blame on the two-fold morale hit of 2020 — the coronavirus pandemic and criticism of police that boiled over with the murder of George Floyd by a police officer. From Minnesota to Maine, Ohio to Texas, small towns unable to fill jobs are eliminating their police departments and turning over police work to their county sheriff, a neighboring town or state police.

    What is going to happen if the number of police continues to shrink but the number of criminals continues to rise?

    I think that we all know the answer to that question.

    Great chaos is coming to this country, and it isn’t going to be pretty.

    Our society has been trending the wrong way for a long time, and now we have reached a major tipping point.

    *  *  *

    Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

    Tyler Durden
    Wed, 09/06/2023 – 22:25

  • "Betrayed Customer Base": Backlash Erupts After Gun Safe Company Gives FBI Customer's Passcode 
    “Betrayed Customer Base”: Backlash Erupts After Gun Safe Company Gives FBI Customer’s Passcode 

    Liberty Safe, one of the leading gun safe manufacturers in the country, provided FBI agents with the combination of a safe belonging to an individual who attended the J6 protest, according to the Washington Examiner. This sparked instant backlash on social media among conservatives, calling for a ‘Bud Light-style’ boycott of the ‘not so safe’ company.

    Days ago, conservative comedians and YouTubers Keith and Kevin Hodge shared a lengthy post on X about a friend whom the Feds raided over “crimes related to January 6th.” They said the FBI could access his Liberty Gun Safe because agents called the manufacturer for the passcode.  

    https://platform.twitter.com/widgets.js

    Liberty Safe stated on platform X, “Our company’s standard procedure is to share access codes with law enforcement when presented with a legitimate warrant for a property.”

    The statement continued, “After receiving the request, we received proof of the valid warrant, and only then did we provide them with an access code.”

    https://platform.twitter.com/widgets.js

    Liberty Safe further noted that its policies are regularly updated to comply with the law and remain committed to “preserving our customers’ rights.” 

    … and conservatives were livid with Liberty Safe for complying with the FBI’s order:

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    https://platform.twitter.com/widgets.js

    Hmmm. 

    https://platform.twitter.com/widgets.js

    Customers who own these safes and others should read the fine print of who can gain access to their safes.

    Tyler Durden
    Wed, 09/06/2023 – 22:05

  • Republicans Reject Motions To Dismiss Impeachment Articles Against Texas AG Ken Paxton
    Republicans Reject Motions To Dismiss Impeachment Articles Against Texas AG Ken Paxton

    Authored by Jana J. Pruet via The Epoch Times (emphasis ours),

    The Texas Senate chamber was turned into a courtroom for the historic impeachment trial of state Attorney General Ken Paxton, which kicked off Tuesday morning at the state Capitol in Austin, Texas.

    Texas state Attorney General Ken Paxton (C) stands between his attorneys Tony Buzbee (front) and Dan Cogdell (rear) as the articles of his impeachment are read during the his impeachment trial in the Senate Chamber at the Texas Capitol in Austin on Sept. 5, 2023. (Eric Gay/AP Photo)

    After the swearing-in of the 30 senators who will decide whether or not to remove Mr. Paxton from office, Lt. Gov. Dan Patrick began ticking off the pretrial motions before hearing opening statements.

    Mr. Paxton was impeached on 20 articles in late May by the GOP-led House of Representatives in a vote of 121–23. He is only the third sitting official to be impeached in the state’s nearly 200-year history. The last impeachment case was more than a century ago.

    The articles of impeachment include allegations of abuse of power and bribery, among others. Mr. Paxton and his lawyers have maintained that all of the accusations are false.

    The suspended attorney general is known as one of the most conservative lawmakers in the state of Texas. He has filed more than two dozen lawsuits against the Biden administration since President Joe Biden took office in January 2021.

    Dozens of Paxton supporters wearing red shirts showed up to witness the proceedings.

    Pretrial Motions

    The first half of the day was spent handling dozens of pretrial motions to dismiss the articles of impeachment, exclude certain evidence, and other matters as filed by Mr. Paxton’s legal team—all were denied.

    A simple majority, 16 of the 30 voting members, was needed to approve each of the motions. The most support Mr. Paxton received was 10 votes of 30 to dismiss one article. Many of the motions only garnered six to eight votes in Mr. Paxton’s favor.

    Mr. Paxton’s wife, Sen. Angela Paxton, watched from her Senate seat as the proceedings against her husband began. She is barred from voting or participating in the trial, according to the rules approved earlier this summer.

    Of the Senate Republicans, only six voted in support of Paxton to dismiss every article. They were Sens. Paul Bettencourt, Donna Campbell, Brandon Creighton, Bob Hall, Lois Kolkhorst, and Tan Parker.

    Five other Republicans voted to dismiss at least one of the motions: Sens. Bryan Hughes, Charles Perry, Charles Schwertner, and Kevin Sparks.

    The remaining Republicans, Sens. Brian Birdwell, Pete Flores, Kelly Hancock, Joan Huffman, Mayes Middleton, Robert Nichols, and Drew Springer, voted against every motion alongside the 12 Senate Democrats.

    In a summary judgment, Mr. Paxton’s attorneys argued that all of the impeachment articles lacked supporting evidence and, therefore, should be dismissed.

    The senators denied the first motion to dismiss all 20 articles in a vote of 24–6.

    In a win for Mr. Paxton, he was granted a request to preclude him from testifying, citing a defendent’s right not to be called as a witness in a criminal trial.

    The attorney general cannot be compelled to testify,” Mr. Patrick stated, adding that the decision is “consistent with the reasoning and judgment” of the United States Supreme Court.

    Mr. Patrick also laid out the timing for the trial. Each side will be allowed one hour for opening and closing statements and 24 hours for each side to present evidence, questioning, and cross-examination of witnesses. The trial is expected to last about two weeks.

    Texas Lt. Gov. Dan Patrick presides over the impeachment trial for Texas Attorney General Ken Paxton in the Senate Chamber at the Texas Capitol in Austin, Texas, on Sept. 5, 2023. (Eric Gay/AP Photo)

    House Impeachment Managers’ Opening Statements

    House Rep. Andrew Murr presented the opening statements for House impeachment managers who say Mr. Paxton should be removed from office despite being re-elected to a third term in November.

    House impeachment managers have accused Mr. Paxton of using his position to protect real estate investor Nate Paul, who they claim had the “keys” to the attorney general’s office.

    They allege Mr. Paul helped Mr. Paxton cover up an extramarital affair and paid for a home renovation in exchange for the attorney general’s legal help.

    Voters did not know the whole truth.” Mr. Murr said. “Mr. Paxton went to great lengths to hide his misconduct from the public.”

    Mr. Murr spent less than 20 minutes citing impeachable actions that included accusations that Mr. Paxton used burner phones, “ditched” his security detail, and set up secret email addresses to cover up his alleged misconduct.

    He claims the evidence will show Mr. Paxton’s “slow creep of corruption,” adding that the attorney general’s conduct does not have to be proven criminal for him to be removed from office.

    “We don’t have to show some type of quid pro quo to establish that his conduct warrants impeachment,” Mr. Murr said. “Wrongs justifying impeachment don’t have to be crimes. Wrongs justifying the impeachment are broader than that because they have the purpose of protecting the state, not punishing the offender.”

    Opening Statements for Paxton

    High-profile Houston attorney Tony Buzbee called the entire case a “whole lot of nothing” supported by no evidence.

    Mr. Buzbee and defense attorney Dan Cogdell used nearly their full hour pushing back against the accusations they say will be disproven beyond a reasonable doubt.

    They accused the media of fueling the falsehoods against their client and said the gag order issued by Mr. Patrick prevented them from responding to the “manufactured lies” leveled against their client.

    Now, the House wants 30 people to decide whether Mr. Paxton is allowed to serve his office despite the more than 4.2 million who re-elected him less than a year ago. Mr. Buzbee said.

    Mr. Buzbee pointed out the speedy impeachment process that occurred four days after Mr. Paxton called for House Speaker Dade Phelan’s resignation over accusations of drunkenness while presiding on the floor.

    The lawyer also pushed back against accusations that Mr. Paul gave a job to the woman Mr. Paxton allegedly was having an affair with, adding that they would present the woman’s job application, employee contract, and paystubs to disprove the allegations of bribery. He said the woman was hired to do real work and that she is still employed in that position.

    “You’re going to see her face,” Mr. Buzbee said. “You’re going to hear about the work that she did. And you’re also going to hear that she continues to do that work today. She’s doing real work.”

    He said the accusations of burner phones, secret email addresses, and other actions are false.

    Mr. Buzbee said his team will present evidence that the Paxtons paid for the repairs to their home after it sustained water damage. He said the chatter of $20,000 granite countertops is completely untrue, adding that the home still has “ratty” countertops after the couple shopped for new countertops but ultimately decided against them due to costs.

    House impeachment managers also accused the attorney general of hiring Brandon Cammack, a Houston lawyer, to investigate Mr. Paul’s “baseless complaint” that his home and businesses were improperly searched by federal officials. Mr. Buzbee said Mr. Paxton was within his rights to hire the outside lawyer.

    After wrapping up the opening statements, House impeachment managers called their first witness, Jeff Mateer. Mr. Mateer was second-in-command in Mr. Paxton’s office prior to his resignation in 2020, following his meeting with the FBI regarding the relationship between Mr. Paxton and Mr. Paul.

    Tyler Durden
    Wed, 09/06/2023 – 21:45

  • Philly PD Commissioner Danielle Outlaw To Resign Amidst Ongoing Crime Wave
    Philly PD Commissioner Danielle Outlaw To Resign Amidst Ongoing Crime Wave

    In what’ll likely come as a welcome relief to the city of Philadelphia, its police commissioner Danielle Outlaw – who has overseen years of surging crime, property destruction and violent attacks in the Northeast city – has had enough and is stepping down.

    She’s leaving her role in Philadelphia for “a new job with the Port Authority of New York and New Jersey”, according to Fox News

    After overseeing a massive crime wave in Philadelphia, Mayor Jim Kenney praised her work in the city, focusing not on the merits of her work (of which there are few), but her “reform” of “racism and gender discrimination”, stating: “Commissioner Outlaw has worked relentlessly for three and a half years during an unprecedented era in our city and a number of crisis situations, and she deserves praise for her commitment to bring long-overdue reform to the Department after years of racism and gender discrimination prior to her appointment.” 

    And why not focus on the merits of her work? Fox News broke it down:

    Crime data from the Philadelphia Police Department shows there has been a 21% drop in homicides this year to date compared to the same day in 2021, when the city recorded 562 homicides throughout the year. 

    But prior to Outlaw leading the department, the data shows Philadelphia annually recorded between 246 to 391 homicides each year between 2007 and 2019.

    In 2020, when she took over, there were 499 homicides, followed by 562 in 2021 and 516 in 2022.

    Her last day will be September 22, and she will then become Deputy Chief Security Officer at the Port Authority of New York and New Jersey.

    Outlaw, formerly the police chief of Portland during a time of “mass political protests”, was appointed to lead Philadelphia’s police at just 43 years old by Democratic Mayor Jim Kenney. “While I am new to Philadelphia, I am not new to the challenges of big-city, 21st century policing,” she said upon her appointment. 

    “I am appointing Danielle Outlaw because I am convinced she has the conviction, courage, and compassion needed to bring long-overdue reform to the Department,” Kenney had said at the time. 

    He continued: “With our support, she will tackle a host of difficult issues, from racism and gender discrimination, to horrid instances of sexual assault on fellow officers. These are issues that too often negatively impact women — especially women of color — within the Department. Commissioner Outlaw will implement reforms with urgency, so that racial, ethnic, and gender discrimination are not tolerated.”

    It doesn’t seem like any public officials are actually interested in their jobs in Philadelphia – perhaps, rather, just collecting their pensions. Recall in 2022 we wrote when Mayor Kenney said he was “looking forward to the time he will no longer lead the city”.

    When being interviewed by Fox 29’s Chris O’Connell, Kenney let it slip that he’s looking forward to no longer being mayor: “Everything we have in the city, over the last seven years, I worry about. I don’t enjoy the Fourth of July, I don’t enjoy the Democratic National Convention, I didn’t enjoy the NFL Draft. I’m waiting for something bad to happen all the time. I’ll be happy when I’m not here – when I’m not mayor and I can enjoy some stuff.” 

    Two peas in a productivity pod…

    Tyler Durden
    Wed, 09/06/2023 – 21:25

  • 3 Reasons There's Something Sinister With The Big Push For Electric Vehicles
    3 Reasons There’s Something Sinister With The Big Push For Electric Vehicles

    Authored by Nick Giambruno via InternationalMan.com,

    25 refrigerators.

    That’s how much the additional electricity consumption per household would be if the average US home adopted electric vehicles (EVs).

    Congressman Thomas Massie – an electrical engineer – revealed this information while discussing with Pete Buttigieg, the Secretary of Transportation, President Biden’s plan to have 50% of cars sold in the US be electric by 2030.

    The current and future grid in most places will not be able to support each home running 25 refrigerators—not even close. Just look at California, where the grid is already buckling under the existing load.

    Massie claims, correctly, in my view, that the notion of widespread adoption of electric vehicles anytime soon is a dangerous fantasy based on political science, not sound engineering.

    Nonetheless, governments, the media, academia, large corporations, and celebrities tout an imminent “transition” to EVs as if it’s preordained from above.

    It’s not.

    They’re trying to manufacture your consent for a scam of almost unimaginable proportions.

    Below are three reasons why something sinister is going on with the big push for EVs.

    But first, a necessary clarification.

    You no doubt have heard of the term “fossil fuels” before.

    When the average person hears “fossil fuels,” they think of a dirty technology that belongs in the 1800s. Many believe they are burning dead dinosaurs to power their cars.

    They also think “fossil fuels” will destroy the planet within a decade and run out soon—despite the fact that, after water, oil is the second most abundant liquid on this planet.

    None of these ridiculous notions are true, but many people believe them. Using propaganda terms like “fossil fuels” plays a large role.

    Orwell was correct when he said that corrupting the language can corrupt people’s thoughts.

    I suggest expunging “fossil fuels” from your vocabulary in favor of hydrocarbons—a much better and more precise word.

    A hydrocarbon is a molecule made up of carbon and hydrogen atoms. These molecules are the building blocks of many different substances, including energy sources like coal, oil, and gas. These energy sources have been the backbone of the global economy for decades, providing power for industries, transportation, and homes.

    Now, on to the three reasons EVs are a giant scam at best and possibly something much worse.

    Reason #1: EVs Are Not Green

    The central premise for EVs is they help to save the planet from carbon because they use electricity instead of gas.

    It’s astounding so few think to ask, what generates the electricity that powers EVs?

    Hydrocarbons generate over 60% of the electricity in the US. That means there’s an excellent chance that oil, coal, or gas is behind the electricity charging an EV.

    It’s important to emphasize carbon is an essential element for life on this planet. It’s what humans exhale and what plants need to survive.

    After decades of propaganda, Malthusian hysterics have created a twisted perception in many people’s minds that carbon is a dangerous substance that must be reduced to save the planet.

    Let’s entertain this bogus premise momentarily and assume carbon is bad.

    Even by this logic, EVs do not really reduce carbon emissions; they just rearrange them.

    Further, extracting and processing the exotic materials needed to make EVs requires tremendous power in remote locations, which only hydrocarbons can provide.

    Additionally, EVs require an enormous amount of rare elements and metals—like lithium and cobalt—that companies mine in conditions that couldn’t remotely be considered friendly to the environment.

    Analysts estimate that each EV requires around one kilogram of rare earth elements. Extracting and processing these rare elements produces a massive amount of toxic waste. That’s why it mainly occurs in China, which doesn’t care much about environmental concerns.

    In short, the notion that EVs are green is laughable.

    It’s simply the thin patina of propaganda that governments need as a pretext to justify the astronomical taxpayer subsidies for EVs.

    Reason #2: EVs Can’t Compete Without Government Support

    For many years, governments have heavily subsidized EVs through rebates, sales tax exemptions, loans, grants, tax credits, and other means.

    According to the Wall Street Journal, US taxpayers will subsidize EVs by at least $393 billion in the coming years—more than the GDP of Hong Kong.

    To put that in perspective, if you earned $1 a second 24/7/365—about $31 million per year—it would take you over 12,677 YEARS to make $393 billion.

    And that’s not even considering the immense subsidies and government support that have occurred in the past.

    Furthermore, governments impose burdensome regulations and taxes on gasoline vehicles to make EVs seem relatively more attractive.

    Even with this enormous government support, EVs can barely compete with gasoline vehicles.

    According to J.D. Power, a consumer research firm, the average EV still costs at least 21% more than the average gasoline vehicle.

    Without government support, it’s not hard to see how the market for EVs would evaporate as they would become unaffordable for the vast majority of people.

    In other words, the EV market is a giant mirage artificially propped up by extensive government intervention.

    It begs the question, why are governments going all out to push an obviously uneconomic scam?

    While they are undoubtedly corrupt thieves and simply stupid, something more nefarious could also be at play.

    Reason #3: EVs Are About Controlling You

    EVs are spying machines.

    They collect an unimaginable amount of data on you, which governments can access easily.

    Analysts estimate that cars generate about 25 gigabytes of data every hour.

    Seeing how governments could integrate EVs into a larger high-tech control grid doesn’t take much imagination. The potential for busybodies—or worse—to abuse such a system is obvious.

    Consider this.

    The last thing any government wants is an incident like what happened with the Canadian truckers rebelling against vaccine mandates.

    Had the Canadian truckers’ vehicles been EVs, the government would have been able to stamp out the resistance much easier.

    Here’s the bottom line.

    The people really in charge do not want the average person to have genuine freedom of movement or access to independent power sources.

    They want to know everything, keep you dependent, and have the ability to control everything, just like how a farmer would with his cattle. They think of you in similar terms.

    That’s why gasoline vehicles have to go and why they are trying to herd us into EVs.

    Conclusion

    To summarize, EVs are not green, cannot compete with gas cars without enormous government support, and are probably a crucial piece of the emerging high-tech control grid.

    The solution is simple: eliminate all government subsidies and support and let EVs compete on their own merits in a totally free market.

    But that’s unlikely to happen.

    Instead, it’s only prudent to expect them to push EVs harder and harder.

    If EVs were simply government-subsidized status symbols for wealthy liberals who want to virtue signal how they think they’re saving the planet, that would be bad enough.

    But chances are, the big push for EVs represents something much worse.

    Along with 15-minute cities, carbon credits, CBDCs, digital IDs, phasing out hydrocarbons and meat, vaccine passports, an ESG social credit system, and the war on farmers, EVs are likely an integral part of the Great Reset—the dystopian future the global elite has envisioned for mankind.

    In reality, the so-called Great Reset is a high-tech form of feudalism.

    Sadly, most of humanity has no idea what is coming.

    Worse, many have become unwitting foot soldiers for this agenda because they have been gaslighted into believing they are saving the planet or acting for the greater good.

    This trend is already in motion… and the coming weeks will be pivotal.

    That’s precisely why I just released an urgent report on where this is all headed and what you can do about it… including three strategies everyone needs today. Click here to download the PDF now.

    Tyler Durden
    Wed, 09/06/2023 – 21:05

  • Murder & Drug Chaos Forces Lockdown Of Entire Texas Prison System
    Murder & Drug Chaos Forces Lockdown Of Entire Texas Prison System

    The Texas Department of Criminal Justice (TDCJ) declared a statewide lockdown of all its correctional facilities on Wednesday morning, citing increased contraband-related incidents and drug-related inmate homicides.

    TDCJ said most inmate-on-inmate homicides “are tied back to illegal drugs … and over the last five years, the volume of illegal narcotics entering the system has substantially increased.”

    In response to the drug and murder epidemic in Texas jails, TDCJ is implementing the following strategies to restore order:

    • Systemwide Lockdown: Each facility will limit the movement of inmates and their contact with those outside the prison. Inmates and staff will undergo intensified searches to intercept and confiscate contraband.

    • Digital Mail: TDCJ is completing the rollout of the digital mail program. Over the last few years, there has been a significant increase in paper soaked in K2 or methamphetamines coming into our facilities. The digital mail program will halt this contraband being sent through traditional mail. Effective September 6, 2023, all inmate mail should be addressed and sent to the Digital Mail Center. All mail received this week will be delivered to the digital mail processing center. More information about this program can be found here: TDCJ News – TDCJ Digital Mail Rollout.

    • Increased K9 Searches and Other Technology: To assist in contraband detection and outside funding related to contraband, TDCJ will be deploying additional resources. Specialized search teams and narcotic dogs will be deployed to units and staff will be subject to enhanced search procedures.

    • Comprehensive Searches: All persons entering our facilities at all locations will undergo comprehensive searches.

    “Due to the fact staff will be concentrating on these search efforts, visitation will be canceled until further notice. Inmates will still have access to the phone system and tablets,” TDCJ said. 

    https://platform.twitter.com/widgets.js

    Once the drug searches are over, normal operations will resume at correction facilities. No timeframe has been given. 

    Tyler Durden
    Wed, 09/06/2023 – 20:45

  • California School To Pay $100,000 Settlement For Keeping 11-Year-Old's Gender Transition Secret
    California School To Pay $100,000 Settlement For Keeping 11-Year-Old’s Gender Transition Secret

    Authored by Brad Jones via The Epoch Times (emphasis ours),

    A California school district that was sued over allegations teachers and staff at Buena Vista Middle School in Salinas, Calif., coached an 11-year-old girl to socially transition to a male gender identity settled with the girl and her mother for $100,000.

    Jessica Konen (R) and her daughter Alicia will receive a $100,000 settlement in a landmark case against Spreckels Union School District in Salinas, California. (Courtesy of Jessica Konen)

    The lawsuit, filed on June 14 last year, named Spreckels Union School District, the principal at the school, and two teachers as defendants.

    Jessica Konen, the child’s mother, came forward after a leaked audio recording revealed the two teachers telling other educators about how they secretly recruited students into the school’s LGBT club at a California Teachers Association weekend conference in Palm Springs in October 2021. The CTA event was billed as the “2021 LGBTQ+ Issues Conference, Beyond the Binary: Identity & Imagining Possibilities.” The two teachers were later suspended and no longer work in the district.

    Ms. Konen told The Epoch Times she’s relieved that a settlement has finally been reached.

    It’s a massive victory across America for myself, for my daughter, and for other parents experiencing similar situations,” she said. “Our voices made a difference.”

    While she is grateful to the Center for American Liberty for taking on the pro-bono case, she said the battle for parental rights has only begun.

    “I just feel social transitioning done in secrecy is the real evil. We need to get rid of it, period. So, the fight must continue,” she said.

    Her daughter, Alicia Konen, who is now 16, echoed her mom’s sentiments, saying she’s ready to put the experience, which she described as “evil” and “horrible,” behind her.

    According to the Center for American Liberty and allegations in the lawsuit, Alicia was recruited to join an “Equality Club,” where she was taught about bisexuality, transgender identities, and other LGBT concepts when she was in the sixth grade.

    Alicia began to use a male name and pronouns and wore a chest binder under boy’s clothes.

    School staff finally called a meeting the last day before winter break during Alicia’s seventh grade year and demanded that Ms. Konen refer to her daughter by a male name and male pronouns, she said.

    “I was definitely intimidated,” she said.

    Ms. Konen recalls feeling awkward and stressed when she was tagging Alicia’s Christmas gifts.

    She wanted to be supportive to her daughter but wasn’t ready to call her by a male name and pronouns, so she wrote “Baby” and “Sweetheart” instead.

    “I was an emotional wreck trying to process everything. I was scared to mess up or to use the wrong pronouns,” she said. “I never used the male pronouns, and I never used the name.”

    Ms. Konen warned parents to “be vigilant,” talk to teachers, and pay attention to what’s happening at local school board meetings.

    Jessica Konen, the mother of a child who was allegedly coached into a transgender identity at school in Salinas, Calif. (Courtesy of Trevor Lewis)

    “Don’t be afraid to ask questions. Don’t be afraid to show your values and your opinions,” she said.

    She also urged parents to get more engaged in their children’s lives.

    “We need to fight for our kids, because if we don’t fight for our kids, they’ll fight for our kids,” she said. “Be close to your child, because somebody wants to get closer.”

    ‘I Wanted to Tell My Mom’

    Alicia’s social gender transition began when she went to see a school counselor because she was feeling depressed, she told The Epoch Times.

    I was told by the counselor—it was brought up that I was sad because I wasn’t who I was supposed to be, and that’s kind of where it all started,” she said.

    Alicia was “pulled away” from her schoolwork, and the counselor who she said was working with the school to “socially transition kids,” put her on a Gender Support Plan, known as a GSP, which required school staff to use a male name and pronouns when referring to her, and to allow her to use the unisex teachers’ restroom instead of the girl’s facilities.

    I was advised by the school not to tell my mom, and I was given articles on how to hide a social transition from my mom,” she said. “I was extremely confused, and honestly very scared. I wanted to tell my mom, and continually said I wanted to tell her, but I was encouraged to keep it a secret. … The school said that my mother wouldn’t support me.”

    But, throughout the ordeal which lasted for more than a year, Alicia believed her mom would support her no matter what.

    A pedestrian sign outside of an elementary school in Costa Mesa, Calif., on Aug. 21, 2023. (John Fredricks/The Epoch Times)

    Alicia said she has felt better about herself since she left middle school and entered high school where she is “actually able to focus on my academics.”

    And she is comfortable with her gender.

    “I am 1,000 percent a girl. I am Alicia. That is who I am, and no one can ever change that,” she said. “I feel free finally. I feel like I’m not under control by anybody. I can finally move forward with my life and be happy.”

    The Konens hope their high-profile case will draw attention and encourage other families to challenge state and local school board policies that exclude parents from their children’s lives.

    “I think that throughout the country there will be a lot more coming forward, realizing that they were never alone,” Ms. Konen said. “There are people out there who are hurt.”

    The settlement means they’re both able to talk more freely about their experience and have considered writing a book.

    “It is a complete passion of mine to continue to spread awareness,” she said.

    Alicia said she feels “extremely bad,” for other children who were socially transitioned at school.

    “That’s one of the main reasons I wanted to come out and speak about this case, because I want to be a voice for the people who feel like they don’t have a voice.”

    Ms. Konen said the school staff took advantage of her daughter’s young mind and vulnerable state, which she called “a form of brainwashing,” and didn’t tell her that Alicia was having suicidal thoughts.

    If parents are kept in the dark about their children’s problems, they won’t be able to help support them or get them the therapy they need, she said.

    “It’s extremely dangerous,” Ms. Konen said, “What if something happens that is irreversible? … If a child only has the support of schools, what happens when they go home? What happens when they have those bad days? What happens when they’re confused at home?”

    The best way to prevent youth suicides is for school staff and parents to work together, Ms. Konen said.

    If everyone’s included, then that is in the best interest of the child—not hiding it,” she said. “The secret stuff has to go.”

    A spokesperson for the Spreckels Union School District was not immediately available for comment.

    About 200 parental rights demonstrators marched through downtown Los Angeles to protest secret gender transitions in California public schools on Aug. 22, 2023. (Courtesy of Hasmik Bezirdshyan)

    ‘Hard to Put a Dollar Value on It’

    Eric Sell, a civil rights attorney at the Center for American Liberty who represented the Konens, told The Epoch Times the school district settled the case based on the underlying allegations in the lawsuit but hasn’t admitted any fault or liability.

    “What happened to Alicia, Jessica is hard to quantify. It’s hard to put a dollar value on it,” he said.

    But the $100,000 settlement will serve as a deterrent for other school districts that continue “to propagate these policies and keep parents in the dark,” Mr. Sell said. “As far as we are aware, this is the first time a school district has had to pay a family money for secretly transitioning their kid behind their backs.”

    The Center for American liberty is interested in such cases because it has seen a systematic erosion of parental rights, “particularly by government actors and schools,” he said.

    The problem is “really apparent” in California in public schools where gender ideology is “infecting schools” and “pushing kids towards dangerous decisions and dangerous life paths,” he said.

    Children, who may or may not fully weigh all the consequences of their actions, are making decisions that can potentially lead to medicalization or surgery and irreversible damage to their own bodies, he said.

    “We’re seeing so much of this that … the Center for American Liberty has decided to focus some of its time and resources on combating this specific problem,” Mr. Sell said.

    He said “it’s absurd” that California Attorney General Rob Bonta has sued Chino Valley Unified School District over its parental notification policy requiring school staff to inform parents within a few days if their child changes his or her gender identity at school.

    “The Supreme Court has consistently held that parents have the right to direct the upbringing and education of their children,” states the Center for American Liberty on its website.

    “This includes the right to have a say in whether their children’s school socially transitions them to a different gender. Parents are denied that right when schools think they know better than parents how to raise their children and intentionally hide information from moms and dads.”

    Tyler Durden
    Wed, 09/06/2023 – 20:25

  • Germany To More Than Triple Ammunition Purchases After Stockpile Depleted Through Ukraine 'Gifts'
    Germany To More Than Triple Ammunition Purchases After Stockpile Depleted Through Ukraine ‘Gifts’

    Amid the broader problem of Ukrainian frontlines not advancing against superior Russian artillery and vast mine fields, Europe has been scrambling to boost its military support to Kiev. But now the problem of Europe’s own diminishing defense supplies is being felt more than ever, as many predicted.

    On Wednesday German Defense Minister Boris Pistorius said his country plans to drastically ramp up purchases of ammunition in 2024, in an effort to replenish Germany’s own stocks which were depleted by donations to Ukraine.

    “We aim to more than triple our spending on ammunition purchases in 2024,” he said in a speech before parliament, but without revealing further details.

    Now fired, but then Ukrainian Defense Minister Oleksiy Reznikov on February 7, 2023, with his German counterpart Boris Pistorius. via AFP.

    Ukrainian forces have been burning through shells at a much higher rate than Western countries can produce them. While Washington makes a nice show of pledging new billions to the Zelensky government, it only does limited good on the actual battlefield given more artillery and weapons cannot magically appear in only days.

    NATO countries starting months ago sounded the alarm over their own dwindling inventories, also at a moment the risk ever-remains that the Western alliance and Russia could enter a direct shooting war.

    But Germany and its European allies are working on a plan, as Reuters explains:

    Germany is in negotiations with the Netherlands and Denmark on the joint procurement of ammunition, a defence source told Reuters on Wednesday, as Western countries are scrambling to replenish stocks depleted by donations to Ukraine. Germany is in negotiations with the Netherlands and Denmark on the joint procurement of ammunition, a defence source told Reuters on Wednesday, as Western countries are scrambling to replenish stocks depleted by donations to Ukraine.

    “Germany is ready to open its framework contracts (for the procurement of ammunition) to our partners as Defence Minister Boris Pistorius pledged earlier this year,” the source said, without giving details on the kind of ammunition affected.

    Meanwhile, Michael Maloof, a former senior security policy analyst in the Office of the Secretary of Defense, has said in an interview given to Russian media that Ukraine is blowing through an estimated $100 million per day on the conflict.

    “There’s no accountability for the expenditures going on right now in Ukraine, […] but $100 million a day of spending is a lot in the minds of the American people, especially when they’re confronted with inflation. That’s real money to them,” Maloof said.

    https://platform.twitter.com/widgets.js

    He said that now former Ukrainian Defense Minister Oleksii Reznikov recently publicized the figure. “When he [Reznikov] comes up and starts making comments like that and we’re seeing the disasters that we are in, the question then arises, why are we continuing to fund this thing? We’re not seeing results. The West is not seeing results. Europe is saying the same thing,” Maloof added.

    Tyler Durden
    Wed, 09/06/2023 – 20:05

  • Judge Reinstates Georgia's Ban On Puberty Blockers, Hormone Therapies For Minors
    Judge Reinstates Georgia’s Ban On Puberty Blockers, Hormone Therapies For Minors

    Authored by Caden Pearson via The Epoch Times (emphasis ours),

    A federal judge ruled on Tuesday that Georgia’s ban on puberty blockers and hormone therapy for minors with gender dysphoria can be reinstated, citing a recent federal appeals court decision that upheld a similar Alabama law.

    Chloe Cole, an 18-year-old woman who regrets surgically removing her breasts, holds testosterone medication used for transgender patients in Northern California on Aug. 26, 2022. (John Fredricks/The Epoch Times)

    U.S. District Judge Sarah Geraghty, an appointee of President Joe Biden, had on Aug. 20 issued a preliminary injunction (pdf) temporarily halting Georgia’s ban, which was scheduled to take effect on July 1.

    She ruled that without an injunction, the plaintiffs, who are a group of parents with anonymous middle-school-aged transgender children, would experience “irreparable harm.” The judge stated that puberty blockers and hormone treatments had “been recommended by their health care providers in light of their individual diagnoses and mental health needs.”

    However, on the same day the injunction was ordered, the 11th Circuit of Appeals ruled that a similar ban in Alabama could proceed. The 11th Circuit hears appeals from Georgia as well.

    After the appeals court ruling, Alabama Attorney General Chris Carr urged Judge Geraghty to vacate her injunction.

    On Tuesday, Judge Geraghty put the injunction on hold pending a final decision in that case, saying it “rests on legal grounds that have been squarely rejected by the panel” in the Alabama case, but that further appeals in that matter were underway.

    Georgia’s ban encompasses two primary provisions: firstly, it bars minors from obtaining hormone replacement therapies and sex reassignment surgeries to address their gender dysphoria from licensed health care facilities. Secondly, it stipulates that medical providers who contravene this law risk losing their licenses.

    However, the initial complaint solely focused on hormone therapy and did not encompass any concerns related to surgery.

    The plaintiffs brought the lawsuit against the state in June. They contend that the ban infringes upon parents’ rights to make medical choices concerning the health and welfare of their children. It further alleges that the ban obstructs parents from obtaining suitable medical care for their children who are grappling with gender dysphoria.

    A spokesperson for Mr. Carr welcomed Judge Geraghty’s Tuesday ruling.

    We are pleased with the court’s decision and will continue fighting to protect the health and well-being of Georgia’s children,” said Kara Richardson in a statement.

    In March, Georgia Gov. Brian Kemp, a Republican, approved a state law that prohibits specific medical procedures and treatments for minors who suffer from gender dysphoria, which refers to the emotional distress experienced by some individuals who don’t feel their biological sex matches their “gender identity.”

    That law notes there’s been a “massive unexplained rise in diagnoses of gender dysphoria among children over the past 10 years, with most of those experiencing this phenomenon being girls.”

    The Georgia law bars minors from undergoing transgender surgeries, although this aspect of the law was not under consideration in the case presided over by Judge Geraghty.

    Approximately six federal courts have issued injunctions against restrictions on what is commonly referred to as “gender-affirming care” for minors. Advocates assert that such care is deemed “medically necessary” as it can significantly reduce the risk of individuals experiencing gender dysphoria resorting to suicide.

    Opponents challenge the idea that transgender procedures definitively reduce suicide rates. A March research review, which focused solely on suicide likelihood, found inconclusive results.

    This uncertainty is due to a lack of control for the time elapsed after transgender procedures. Researchers suggest that individuals may experience an initial improvement in mental health, but over time, this effect could diminish, potentially leading to a return of pre-procedure levels of suicidal ideation.

    “There may be implications for the informed-consent process of gender-affirming treatment given the current lack of methodological robustness of the literature reviewed,” the study authors wrote.

    Tyler Durden
    Wed, 09/06/2023 – 19:45

  • Gucci? A Wig Shop? Unprosecuted Crime, Economic Woes Turn Beverly Hills Into Ghost Town
    Gucci? A Wig Shop? Unprosecuted Crime, Economic Woes Turn Beverly Hills Into Ghost Town

    Residents of the upscale Southern California enclave of Beverly Hills are getting what they voted for, after a spate of looting has turned the liberal utopia into a virtual ghost town amid a souring economic backdrop that’s seen 11 popular shops entirely shuttered – including the iconic Barneys location.

    In review:

    https://platform.twitter.com/widgets.js

    (not the first time)

    Then it was wigs…

    Across town in Glendale, thieves stole around $300,000 worth of merchandise from the Yves Saint Laurent store.

    Now, a viral TikTok video reveals the ghost town Beverly Hills has become.

    @cody90210 Its giving Recesion Core #santamonica #thirdstreetpromenade #thirdstreet #losangeles #recession2023 #recessioncore #bailout ♬ Love – Live From The Village – Keyshia Cole

    Other stores which have closed include Brooks Brothers, All Saints, and high-end women’s fashion store Escada, according to the Daily Mail, which notes that both Escada and Barneys have filed for bankruptcy in recent years.

    Barneys New York closed its iconic Beverly Hills store – a formerly popular stop for celebrities and the elite of the area to spend a few hours

    The closed shops, which also include convenience retailers like Rite Aid and Chipotle, and even popular workout class option SoulCycle, have shuttered their doors on Wilshire Boulevard, leaving the area bereft of its former appeal. Their sad decline marks a departure from the area’s lengthy heyday, which even saw band Weezer pen a song with the lyrics ‘Beverly Hills, that’s where I want to be.’

    The reasons for the ample number of closures vary, as many brands see a decrease in demand for in-person retail experiences, while others pivot business strategies following acquisitions by other brands. The downturned economy has also negatively impacted most brands, but especially those marketing luxury products. -Daily Mail

    Meanwhile, retailers in California are deailing with a major crime wave and District Attorneys who refuse to prosecute criminals.

    https://www.tiktok.com/embed.js

     

    Tyler Durden
    Wed, 09/06/2023 – 19:25

  • The Pentagon Wants To Affirm Your Gender Transition (But Not If You're Avoiding The Draft)
    The Pentagon Wants To Affirm Your Gender Transition (But Not If You’re Avoiding The Draft)

    Authored by Ryan McMaken via The Mises Institute,

    The costumed bureaucrats at the Pentagon we call “generals” have spent much of the last decade enthusiastically assisting three different administrations in “affirming” military employees who “transition” or consider themselves transgender.

    Openly identifying as transgender has been permitted in the US military since 2016 under the Obama administration. The Trump administration did not reverse this policy but took steps to limit the number of employees undergoing sex-change surgeries and other active efforts at “transitioning.”

    Since 2021, however, the Pentagon has returned to the earlier Obama-era policy of paying for surgeries, hormone usage, and related treatments requested by military employees. From 2007 to 2009, more than $3 million has been spent on surgeries, with and additional $12 million spent on related procedures.

    The Pentagon in recent years has fallen all over itself to pander to LGBT interest groups, as can be seen in this military recruitment video titled “Emma,” and in the fact that the Navy promoted as “non-binary” drag queen as the face of one of the Navy’s recruitment drives

    Given that the Pentagon has made it clear it is devoted to affirming these life choices among potential recruits, it would be reasonable to assume that the Pentagon rejects the idea that one’s “assigned sex” at birth has any objective meaning at all. After all, truly affirming the transgender ideology requires rejecting the notion that “men are men” or “women are women.” 

    That assumption would be wrong.

    When it comes to the military draft – which is presently inactive and called the “selective service program” – the military absolutely insists that “men are men.”

    In other words, the military wants to make sure no man can get out of the forced military service by claiming to be a woman. Thus, the Selective Service System (SSS) makes it quite clear that “the registration requirement on gender assigned at birth and not on gender identity or on gender reassignment.”

    In other words, maintaining the interests of the empire trumps transgenderism. 

    In its FAQ on “who needs to register,” the SSS states:

    Selective Service bases the registration requirement on gender assigned at birth and not on gender identity or on gender reassignment. Individuals who are born male and changed their gender to female are still required to register. Individuals who are born female and changed their gender to male are not required to register.

    The legal authority is based on the Military Selective Service Act (MSSA), which does not address gender identify or transgender persons. In addition, Presidential Proclamation 4771 refers to “males” who were “born” on or after January 1, 1960. Thus, Selective Service interprets the MSSA as applying to gender at birth because Congress did not contemplate transgender persons or a person’s gender identity when it required on “males” to register when the Selective Training and Service Act of 1940 was passed and amended by the Selective Service Act of 1948 to create the Selective Service System. Until Congress amends the MSSA or passes a separate law addressing transsexuals and gender identity, Selective Service must follow the intent of Congress when it required only males to register—the registration requirement is based on gender at birth.

    In the event of a resumption of the draft, individuals born male who have changed their gender to female can file a claim for an exemption from military service if they receive an order to report for examination or induction.

    There are a couple of ways we can interpret this discrepancy.

    • One way is to note simply that Congress has been unwilling to change the definition of who is eligible to be drafted, regardless of White House policy Thus, even if the administration wants to “affirm” the claimed identities of transgender military employees, it can only do so much in terms of changing selective service policy. 

    • As second way of looking at this is to note that the regime’s toying around with transgender ideology issues comes to an abrupt halt when that ideology might threaten the regime’s prerogatives to force the maximum number of American men into military service. 

    Both interpretations are likely true.

    The “needs” of the empire always come before social-policy pandering to select interest groups.

    But it’s also true Congress appears unenthusiastic about explicitly changing SS policy. 

    It’s easy to see, however, how Washington could “fix” this apparent inconsistency in policy. We will likely hear more and more calls for the selective service to include women as well. It’s already moving in that direction. This removes the problem of insisting that everyone who is a male “at birth” register for the draft regardless of stated “identity.” Rather than debate  who is a man, it’s easier to simply force everyone to register for the draft.

    Certainly, we have no reason to expect Congress to go in the opposite direction and make it possible for men to avoid the draft simply by “identifying as a woman.”

    It’s exceedingly unlikely Republican hawks would risk giving such a wide-open loophole to men seeking to avoid being enslaved by the regime for a period of years as conscripts. 

    Tyler Durden
    Wed, 09/06/2023 – 19:05

  • "They're Trying To Get Our IP" – Congressman Slams China's SMIC For Violating Chip Sanctions
    “They’re Trying To Get Our IP” – Congressman Slams China’s SMIC For Violating Chip Sanctions

    The Biden administration’s efforts to limit China’s access to high-tech semiconductor chips and advanced machinery for supercomputing and AI have yet to be successful. There is growing frustration in Washington this week after Bloomberg revealed that Huawei Technologies Co. and China’s top chipmaker, built a new smartphone using an advanced 7-nanometer processor

    On Tuesday, US National Security Adviser Jake Sullivan told reporters he needs “more information” on the “character and composition” of Semiconductor Manufacturing International Corp.’s Kirin 9000s chip powering Huawei’s Mate 60 Pro. Financial Times reported Sullivan was responding to a question during a briefing when a reporter asked whether US controls on exports of advanced semiconductors were being circumvented by Beijing. 

    TechInsights conducted a complete teardown of the Mate 60 Pro for Bloomberg. They found that the “processor is the first to utilize SMIC’s most advanced 7nm technology and suggests the Chinese government is making some headway in attempts to build a domestic chip ecosystem.” 

    The Mate 60 Pro is powered by a new Kirin 9000s chip that was fabricated in China by SMIC.Photographer: James Park/Bloomberg

    For some context, Apple’s current iPhones use 4nm chips. The introduction of new iPhone 15 models will likely be powered by 3nm next week. Even though there is a sizeable gap between Huawei’s 7nm powered smartphone and Apple’s 4nm, it demonstrates the possibility that sanctions have been an ineffective weapon by Washington against China. 

    Dan Hutcheson, the vice-chair of TechInsights, told FT that Huawei’s Mate 60 Pro “demonstrates the technical progress” the country’s chip sector has made despite being limited to the latest ultraviolet lithography tools due to Western sanctions. 

    Hutcheson warned the development could spark another wave of Western chip sanctions on China to “curtail China’s access to critical manufacturing technologies.” 

    … and this development has caused a stir in Washington, as Bloomberg’s Annmarie Hordern reported Wednesday morning:

    When asked about whether SMIC violated trade sanctions by supplying Huawei with a new smartphone chip, @RepMcCaul said SMIC “warrants investigation” and it “looks like” they violated sanctions by supplying Huawei. SMIC continues “to try to get our intellectual property.”

    https://platform.twitter.com/widgets.js

    Meanwhile, the Global Times, a state-run communist newspaper in China, posted this meme on X, saying, “Huawei breaks free from US tech blockade.” 

    Ming-Chi Kuo, analyst at TF International Securities, told clients in a note that Huawei’s new smartphone could revive its handheld business. 

    Goldman told clients via its GS Global Equities Call this morning to “Keep an eye on AAPL today following a WSJ report that China ordered officials not to use iPhones and other foreign – branded devices for work or bring them to government offices. ( WSJ ) On this note, semi/chip names were bid overnight following introduction of a new Huawei phone sparking hopes for the domestic semiconductor industry.” 

    This development is an ominous sign that Washington’s global arsenal of sanctions to prevent other powers from rising is failing (read: here) amid the emergence of a multi-polar world that is likely here to stay.

    Tyler Durden
    Wed, 09/06/2023 – 18:45

  • The Next Crisis Is Anyone's Guess, But The Government Is Ready To Lockdown The Nation
    The Next Crisis Is Anyone’s Guess, But The Government Is Ready To Lockdown The Nation

    Authored by John & Nisha Whitehead via The Rutherford Institute,

    “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

    – H.L. Mencken

    First came 9/11, which the government used to transform itself into a police state.

    Then the COVID-19 pandemic hit, which the police state used to test out its lockdown powers.

    In light of the government’s tendency to exploit crises (legitimate or manufactured) and capitalize on the nation’s heightened emotions, confusion and fear as a means of extending the reach of the police state, one has to wonder what so-called crisis it will declare next.

    It’s a simple enough formula: first, you create fear, then you capitalize on it by seizing power.

    Frankly, it doesn’t even matter what the nature of the next national emergency might be (terrorism, civil unrest, economic collapse, a health scare, or the environment) as long as it allows the government to lockdown the nation and justify all manner of tyranny in the so-called name of national security.

    Cue the Emergency State.

    Terrorist attacks, mass shootings, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters”: the government has been anticipating and preparing for such crises for years now.

    As David C. Unger writes for the New York Times: “Life, liberty, and the pursuit of happiness have given way to permanent crisis management: to policing the planet and fighting preventative wars of ideological containment, usually on terrain chosen by, and favorable to, our enemies. Limited government and constitutional accountability have been shouldered aside by the kind of imperial presidency our constitutional system was explicitly designed to prevent.”

    Here’s what we know: given the rate at which the government keeps devising new ways to establish itself as the “solution” to all of our worldly problems at taxpayer expense, each subsequent crisis ushers in ever larger expansions of government power and less individual liberty.

    This is the slippery slope to outright tyranny.

    You see, once the government acquires (and uses) authoritarian powers—to spy on its citizens, to carry out surveillance, to transform its police forces into extensions of the military, to seize taxpayer funds, to wage endless wars, to censor and silence dissidents, to identify potential troublemakers, to detain citizens without due process—it does not voluntarily relinquish them.

    The lesson for the ages is this: once any government is allowed to overreach and expand its powers, it’s almost impossible to put the genie back in the bottle. As Harvard constitutional law professor Laurence Tribe recognizes, “The dictatorial hunger for power is insatiable.

    Indeed, the history of the United States is a testament to the old adage that liberty decreases as government (and government bureaucracy) grows. To put it another way, as government expands, liberty contracts.

    In this way, every crisis since the nation’s early beginnings has become a make-work opportunity for the government.

    Each crisis has also been a test to see how far “we the people” would allow the government to sidestep the Constitution in the so-called name of national security; a test to see how well we have assimilated the government’s lessons in compliance, fear and police state tactics; a test to see how quickly we’ll march in lockstep with the government’s dictates, no questions asked; and a test to see how little resistance we offer up to the government’s power grabs when made in the name of national security.

    Most critically of all, it has been a test to see whether the Constitution—and our commitment to the principles enshrined in the Bill of Rights—could survive a national crisis and true state of emergency.

    Unfortunately, we’ve been failing this particular test for a long time now.

    Indeed, the powers-that-be have been pushing our buttons and herding us along like so much cattle since World War II, at least, starting with the Japanese attacks on Pearl Harbor, which not only propelled the U.S. into World War II but also unified the American people in their opposition to a common enemy.

    That fear of attack by foreign threats, conveniently torqued by the growing military industrial complex, in turn gave rise to the Cold War era’s “Red Scare.” Promulgated through government propaganda, paranoia and manipulation, anti-Communist sentiments boiled over into a mass hysteria that viewed anyone and everyone as suspect: your friends, the next-door neighbor, even your family members could be a Communist subversive.

    This hysteria, which culminated in hearings before the House Un-American Activities Committee, where hundreds of Americans were called before Congress to testify about their so-called Communist affiliations and intimidated into making false confessions, also paved the way for the rise of an all-knowing, all-seeing governmental surveillance state.

    By the time 9/11 rolled around, all George W. Bush had to do was claim the country was being invaded by terrorists, and the government used the USA Patriot Act to claim greater powers to spy, search, detain and arrest American citizens in order to keep America safe.

    By way of the National Defense Authorization Act, Barack Obama continued Bush’s trend of undermining the Constitution, going so far as to give the military the power to strip Americans of their constitutional rights, label them extremists, and detain them indefinitely without trialall in the name of keeping America safe.

    Despite the fact that the breadth of the military’s power to detain American citizens violates not only U.S. law and the Constitution but also international laws, the government has refused to relinquish its detention powers made possible by the NDAA.

    Then Donald Trump took office, claiming the country was being invaded by dangerous immigrants and insisting that the only way to keep America safe was to expand the reach of the border police, empower the military to “assist” with border control, and essentially turn the country into a Constitution-free zone.

    That so-called immigration crisis then morphed into multiple crises (domestic extremism, the COVID-19 pandemic, race wars, civil unrest, etc.) that the government has been eager to use in order to expand its powers.

    Joe Biden, in turn, has made every effort to expand the reach of the militarized police state, pledging to hire 87,000 more IRS agents and 100,000 police officers, and allowing the FBI to operate as standing army.

    What the next crisis will be is anyone’s guess, but you can be sure that there will be a next crisis.

    So, what should you expect if the government decides to declare another state of emergency and institutes a nationwide lockdown?

    You should expect more of the same, only worse.

    More compliance, less resistance.

    More fear-mongering, mind-control tactics and less tolerance for those who question the government’s propaganda-driven narratives.

    Most of all, you should expect more tyranny and less freedom.

    Given the government’s past track record and its long-anticipated plans for using armed forces to solve domestic political and social problems in response to a future crisis, there’s every reason to worry about what comes next.

    Mark my words: as I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, if and when another crisis arises—if and when a nationwide lockdown finally hits—if and when martial law is enacted with little real outcry or resistance from the public— then we will truly understand the extent to which the powers-that-be have fully succeeded in acclimating us to a state of affairs in which the government has all the power and “we the people” have none. 

    In the meantime, if all we do to reclaim our freedoms and regain control over our runaway government is vote for yet another puppet of the Deep State, by the time the next crisis arises, it may well be too late.

    Tyler Durden
    Wed, 09/06/2023 – 18:25

Digest powered by RSS Digest

Today’s News 6th September 2023

  • Escobar: No Respite For France As A 'New Africa' Rises
    Escobar: No Respite For France As A ‘New Africa’ Rises

    Authored by Pepe Escobar via The Cradle,

    Like dominos, African states are one by one falling outside the shackles of neocolonialism. Chad, Guinea, Mali, Burkina Faso, Niger, and now Gabon are saying ‘non’ to France’s longtime domination of African financial, political, economic, and security affairs.

    By adding two new African member-states to its roster, last week’s summit in Johannesburg heralding the expanded BRICS 11 showed once again that Eurasian integration is inextricably linked to the integration of Afro-Eurasia.

    Belarus is now proposing to hold a joint summit between BRICS 11, the Shanghai Cooperation Organization (SCO), and the Eurasia Economic Union (EAEU).  President Aleksandr Lukashenko’s vision for the convergence of these multilateral organizations may, in due time, lead to the Mother of All Multipolarity Summits.

    But Afro-Eurasia is a much more complicated proposition. Africa still lags far behind its Eurasian cousins on the road toward breaking the shackles of neocolonialism.   

    The continent today faces horrendous odds in its fight against the deeply entrenched financial and political institutions of colonization, especially when it comes to smashing French monetary hegemony in the form of the Franc CFA – or the Communauté Financière Africaine (African Financial Community). 

    Still, one domino is falling after another – Chad, Guinea, Mali, Burkina Faso, Niger and now Gabon. This process has already turned Burkina Faso’s President Captain Ibrahim Traoré, into a new hero of the multipolar world – as a dazed and confused collective west can’t even begin to comprehend the blowback represented by its 8 coups in West and Central Africa in less than 3 years. 

    Bye bye Bongo 

    Military officers decided to take power in Gabon after hyper pro-France President Ali Bongo won a dodgy election that “lacked credibility.” Institutions were dissolved. Borders with Cameroon, Equatorial Guinea, and the Republic of Congo were closed. All security deals with France were annulled. No one knows what will happen with the French military base.

    All that was as popular as it comes: soldiers took to the streets of the capital Libreville in joyful singing, cheered on by onlookers.  

    Bongo and his father, who preceded him, have ruled Gabon since 1967. He was educated at a French private school and graduated from the Sorbonne. Gabon is a small nation of 2.4 million with a small army of 5,000 personnel that could fit into Donald Trump’s penthouse. Over 30 percent of the population lives on less than $1 a day, and in over 60 percent of regions have zero access to healthcare and drinking water. 

    The military qualified Bongo’s 14-year rule as leading to a “deterioration in social cohesion” that was plunging the country “into chaos.”

    On cue, French mining company Eramet suspended its operations after the coup. That’s a near monopoly. Gabon is all about lavish mineral wealth – in gold, diamonds, manganese, uranium, niobium, iron ore, not to mention oil, natural gas, and hydropower. In OPEC-member Gabon, virtually the whole economy revolves around mining.   

    The case of Niger is even more complex. France exploits uranium and high-purity petrol as well as other types of mineral wealth. And the Americans are on site, operating three bases in Niger with up to 4,000 military personnel. The key strategic node in their ‘Empire of Bases’ is the drone facility in Agadez, known as Niger Air Base 201, the second-largest in Africa after Djibouti.  

    French and American interests clash, though, when it comes to the saga over the Trans-Sahara gas pipeline. After Washington broke the umbilical steel cord between Russia and Europe by bombing the Nord Streams, the EU, and especially Germany, badly needed an alternative. 

    Algerian gas supply can barely cover southern Europe. American gas is horribly expensive.

    The ideal solution for Europeans would be Nigerian gas crossing the Sahara and then the deep Mediterranean. 

    Nigeria, with 5,7 trillion cubic meters, has even more gas than Algeria and possibly Venezuela. By comparison, Norway has 2 trillion cubic meters. But Nigeria’s problem is how to pump its gas to distant customers – so Niger becomes an essential transit country.  

    When it comes to Niger’s role, energy is actually a much bigger game than the oft-touted uranium – which in fact is not that strategic either for France or the EU because Niger is only the 5th largest world supplier, way behind Kazakhstan and Canada. 
    Still, the ultimate French nightmare is losing the juicy uranium deals plus a Mali remix: Russia, post-Prighozin, arriving in Niger in full force with a simultaneous expulsion of the French military. 

    Adding Gabon only makes things dicier. Rising Russian influence could lead to boosting supply lines to rebels in Cameroon and Nigeria, and privileged access to the Central African Republic, where Russian presence is already strong.  

    It’s no wonder that Francophile Paul Biya, in power for 41 years in Cameroon, has opted for a purge of his Armed Forces after the coup in Gabon. Cameroon may be the next domino to fall.

    ECOWAS meets AFRICOM

    The Americans, as it stands, are playing Sphynx. There’s no evidence so far that Niger’s military wants the Agadez base shut down. The Pentagon has invested a fortune in their bases to spy on a great deal of the Sahel and, most of all, Libya. 
    About the only thing Paris and Washington agree on is that, under the cover of ECOWAS (the Economic Community of West African States), the hardest possible sanctions should be slapped on one of the world’s poorest nations (where only 21% of the population has access to electricity) – and they should be much worse than those imposed on the Ivory Coast in 2010.  

    Then there’s the threat of war. Imagine the absurdity of ECOWAS invading a country that is already fighting two wars on terror on two separate fronts: Against Boko Haram in the southeast and against ISIS in the Tri-Border region.

    ECOWAS, one of 8 African political and economic unions, is a proverbial mess. It packs 15 member nations – Francophone, Anglophone and one Lusophone – in Central and West Africa, and it is rife with internal division.

    The French and the Americans first wanted ECOWAS to invade Niger as their “peacekeeping” puppet. But that didn’t work because of popular pressure against it. So, they switched to some form of diplomacy. Still, troops remain on stand-by, and a mysterious “D-Day” has been set for the invasion. 

    The role of the African Union (AU) is even murkier. Initially, they stood against the coup and suspended Niger’s membership. Then they turned around and condemned the possible western-backed invasion. Neighbors have closed their borders with Niger.  

    ECOWAS will implode without US, France, and NATO backing. Already it’s essentially a toothless chihuahua – especially after Russia and China have demonstrated via the BRICS summit their soft power across Africa. 

    Western policy in the Sahel maelstrom seems to consist of salvaging anything they can from a possible unmitigated debacle – even as the stoic people in Niger are impervious to whatever narrative the west is trying to concoct. 

    It’s important to keep in mind that Niger’s main party, the “National Movement for the Defense of the Homeland” represented by General Abdourahamane Tchiani, has been supported by the Pentagon – complete with military training – from the beginning.  

    The Pentagon is deeply implanted in Africa and connected to 53 nations. The main US concept since the early 2000s was always to militarize Africa and turn it into War on Terror fodder. As the Dick Cheney regime spun it in 2002: “Africa is a strategic priority in fighting terrorism.” 

    That’s the basis for the US military command AFRICOM and countless “cooperative partnerships” set up in bilateral agreements. For all practical purposes, AFRICOM has been occupying large swathes of Africa since 2007.

    How sweet is my colonial franc

    It is absolutely impossible for anyone across the Global South, Global Majority, or “Global Globe” (copyright Lukashenko) to understand Africa’s current turmoil without understanding the nuts and bolts of French neocolonialism

    The key, of course, is the CFA franc, the “colonial franc” introduced in 1945 in French Africa, which still survives even after the CFA – with a nifty terminological twist – began to stand for “African Financial Community”. 

    The whole world remembers that after the 2008 global financial crisis, Libya’s Leader Muammar Gaddafi called for the establishment of a pan-African currency pegged to gold. 

    At the time, Libya had about 150 tons of gold, kept at home, and not in London, Paris, or New York banks. With a little more gold, that pan-African currency would have its own independent financial center in Tripoli – and everything based on a sovereign gold reserve. 

    For scores of African nations, that was the definitive Plan B to bypass the western financial system. 

    The whole world also remembers what happened in 2011. The first airstrike on Libya came from a French Mirage fighter jet.  France’s bombing campaign started even before the end of emergency talks in Paris between western leaders. 

    In March 2011, France became the first country in the world to recognize the rebel National Transitional Council as the legitimate government of Libya. In 2015, the notoriously hacked emails of former US secretary of state Hillary Clinton revealed what France was up to in Libya: “The desire to achieve a greater share in Libyan oil production,” to increase French influence in North Africa, and to block Gaddafi’s plans to create a pan-African currency that would replace the CFA franc printed in France. 

    It is no wonder the collective west is terrified of Russia in Africa – and not just because of the changing of the guard in Chad, Mali, Burkina Faso, Niger, and now Gabon: Moscow has never sought to rob or enslave Africa. 

    Russia treats Africans as sovereign people, does not engage in Forever Wars, and does not drain Africa of resources while paying a pittance for them. Meanwhile, French intel and CIA “foreign policy” translate into corrupting African leaders to the core and snuffing out those that are incorruptible. 

    You have the right to no monetary policy 

    The CFA racket makes the Mafia look like street punks. It means essentially that the monetary policy of several sovereign African nations is controlled by the French Treasury in Paris.

    The Central Bank of each African nation was initially required to keep at least 65 percent of their annual foreign exchange reserves in an “operation account” held at the French Treasury, plus another 20 percent to cover financial “liabilities.” 

    Even after some mild “reforms” were enacted since September 2005, these nations were still required to transfer 50 percent of their foreign exchange to Paris, plus 20 percent V.A.T.

    And it gets worse. The CFA Central Banks impose a cap on credit to each member country. The French Treasury invests these African foreign reserves in its own name on the Paris bourse and pulls in massive profits on Africa’s dime.

    The hard fact is that more than 80 percent of foreign reserves of African nations have been in “operation accounts” controlled by the French Treasury since 1961. In a nutshell, none of these states has sovereignty over their monetary policy. 

    But the theft doesn’t stop there: the French Treasury uses African reserves as if they were French capital, as collateral in pledging assets to French payments to the EU and the ECB. 

    Across the “FranceAfrique” spectrum, France still, today, controls the currency, foreign reserves, the comprador elites, and trade business. 

    The examples are rife: French conglomerate Bolloré’s control of port and marine transport throughout West Africa; Bouygues/Vinci dominate construction and public works, water, and electricity distribution; Total has huge stakes in oil and gas. And then there’s France Telecom and big banking – Societe Generale, Credit Lyonnais, BNP-Paribas, AXA (insurance), and so forth. 

    France de facto controls the overwhelming majority of infrastructure in Francophone Africa. It is a virtual monopoly. 

    “FranceAfrique” is all about hardcore neocolonialism. Policies are issued by the President of the Republic of France and his “African cell.” They have nothing to do with parliament, or any democratic process, since the times of Charles De Gaulle. 

    The “African cell” is a sort of General Command. They use the French military apparatus to install “friendly” comprador leaders and get rid of those that threaten the system. There’s no diplomacy involved. Currently, the cell reports exclusively to Le Petit Roi, Emmanuel Macron.  

    Caravans of drugs, diamonds, and gold

    Paris completely supervised the assassination of Burkina Faso’s anti-colonial leader Thomas Sankara, in 1987. Sankara had risen to power via a popular coup in 1983, only to be overthrown and assassinated four years later. 

    As for the real “war on terror” in the African Sahel, it has nothing to do with the infantile fictions sold in the West. There are no Arab “terrorists” in the Sahel, as I saw when backpacking across West Africa a few months before 9/11. They are locals who converted to Salafism online, intent on setting up an Islamic State to better control smuggling routes across the Sahel. 

    Those fabled ancient salt caravans plying the Sahel from Mali to southern Europe and West Asia are now caravans of drugs, diamonds, and gold. This is what funded Al-Qaeda in the Islamic Maghreb (AQIM), for instance, then supported by Wahhabi lunatics in Saudi Arabia and the Gulf. 

    After Libya was destroyed by NATO in early 2011, there was no more “protection,” so the western-backed Salafi-jihadis who fought against Gaddafi offered the Sahel smugglers the same protection as before – plus a lot of weapons.

    Assorted Mali tribes continue the merry smuggling of anything they fancy. AQIM still extracts illegal taxation. ISIS in Libya is deep into human and narcotics trafficking. And Boko Haram wallows in the cocaine and heroin market.  

    There is a degree of African cooperation to fight these outfits. There was something called the G5 Sahel, focused on security and development. But after Burkina Faso, Niger, Mali, and Chad went the military route, only Mauritania remains. The new West Africa Junta Belt, of course, wants to destroy terror groups, but most of all, they want to fight FranceAfrique, and the fact that their national interests are always decided in Paris. 

    France has for decades made sure there’s very little intra-Africa trade. Landlocked nations badly need neighbors for transit. They mostly produce raw materials for export. There are virtually no decent storage facilities, feeble energy supply, and terrible intra-African transportation infrastructure: that’s what Chinese Belt and Road Initiative (BRI) projects are bent on addressing in Africa.  

    In March 2018, 44 heads of state came up with the African Continental Free Trade Area (ACFTA) – the largest in the world in terms of population (1.3 billion people) and geography. In January 2022, they established the Pan-African Payment and Settlement System (PAPSS) – focused on payments for companies in Africa in local currencies. 

    So inevitably, they will be going for a common currency further on down the road. Guess what’s in their way: the Paris-imposed CFA. 

    A few cosmetic measures still guarantee direct control by the French Treasury on any possible new African currency set up, preference for French companies in bidding processes, monopolies, and the stationing of French troops. The coup in Niger represents a sort of “we’re not gonna take it anymore.”

    All of the above illustrates what the indispensable economist Michael Hudson has been detailing in all his works: the power of the extractivist model. Hudson has shown how the bottom line is control of the world’s resources; that’s what defines a global power, and in the case of France, a global mid-ranking power.

    France has shown how easy it is to control resources via control of monetary policy and setting up monopolies in these resource-rich nations to extract and export, using virtual slave labor with zero environmental or health regulations. 

    It’s also essential for exploitative neocolonialism to keep those resource-rich nations from using their own resources to grow their own economies. But now the African dominoes are finally saying, “The game is over.” Is true decolonization finally on the horizon? 

    Tyler Durden
    Wed, 09/06/2023 – 02:00

  • The Global War On Thought Crime
    The Global War On Thought Crime

    Authored by David James via The Brownstone Institute,

    Laws to ban disinformation and misinformation are being introduced across the West, with the partial exception being the US, which has the First Amendment so the techniques to censor have had to be more clandestine.

    In Europe, the UK, and Australia, where free speech is not as overtly protected, governments have legislated directly.

    The EU Commission is now applying the ‘Digital Services Act’ (DSA), a thinly disguised censorship law. 

    In Australia the government is seeking to provide the Australian Communications and Media Authority (ACMA) with “new powers to hold digital platforms to account and improve efforts to combat harmful misinformation and disinformation.”

    One effective response to these oppressive laws may come from a surprising source: literary criticism. The words being used, which are prefixes added to the word “information,” are a sly misdirection. Information, whether in a book, article or post is a passive artefact. It cannot do anything, so it cannot break a law. The Nazis burned books, but they didn’t arrest them and put them in jail. So when legislators seek to ban “disinformation,” they cannot mean the information itself. Rather, they are targeting the creation of meaning. 

    The authorities use variants of the word “information” to create the impression that what is at issue is objective truth but that is not the focus. Do these laws, for example, apply to the forecasts of economists or financial analysts, who routinely make predictions that are wrong? Of course not. Yet economic or financial forecasts, if believed, could be quite harmful to people.

    The laws are instead designed to attack the intent of the writers to create meanings that are not congruent with the governments’ official position. ‘Disinformation’ is defined in dictionaries as information that is intended to mislead and to cause harm. ‘Misinformation’ has no such intent and is just an error, but even then that means determining what is in the author’s mind. ‘Mal-information’ is considered to be something that is true, but that there is an intention to cause harm.

    Determining a writer’s intent is extremely problematic because we cannot get into another person’s mind; we can only speculate on the basis of their behaviour. That is largely why in literary criticism there is a notion called the Intentional Fallacy, which says that the meaning of a text cannot be limited to the intention of the author, nor is it possible to know definitively what that intention is from the work. The meanings derived from Shakespeare’s works, for example, are so multifarious that many of them cannot possibly have been in the Bard’s mind when he wrote the plays 400 years ago. 

    How do we know, for example, that there is no irony, double meaning, pretence or other artifice in a social media post or article? My former supervisor, a world expert on irony, used to walk around the university campus wearing a T-shirt saying: “How do you know I am being ironic?” The point was that you can never know what is actually in a person’s mind, which is why intent is so difficult to prove in a court of law.

    That is the first problem.

    The second one is that, if the creation of meaning is the target of the proposed law – to proscribe meanings considered unacceptable by the authorities – how do we know what meaning the recipients will get? A literary theory, broadly under the umbrella term ‘deconstructionism,’ claims that there are as many meanings from a text as there are readers and that “the author is dead.” 

    While this is an exaggeration, it is indisputable that different readers get different meanings from the same texts. Some people reading this article, for example, might be persuaded while others might consider it evidence of a sinister agenda. As a career journalist I have always been shocked at the variability of reader’s responses to even the most simple of articles. Glance at the comments on social media posts and you will see an extreme array of views, ranging from positive to intense hostility.

    To state the obvious, we all think for ourselves and inevitably form different views, and see different meanings. Anti-disinformation legislation, which is justified as protecting people from bad influences for the common good, is not merely patronising and infantilising, it treats citizens as mere machines ingesting data – robots, not humans. That is simply wrong.

    Governments often make incorrect claims, and made many during Covid. 

    In Australia the authorities said lockdowns would only last a few weeks to “flatten the curve.” In the event they were imposed for over a year and there never was a “curve.” According to the Australian Bureau of Statistics 2020 and 2021 had the lowest levels of deaths from respiratory illness since records have been kept.

    Governments will not apply the same standards to themselves, though, because governments always intend well (that comment may or may not be intended to be ironic; I leave it up to the reader to decide). 

    There is reason to think these laws will fail to achieve the desired result. The censorship regimes have a quantitative bias. They operate on the assumption that if a sufficient proportion of social media and other types of “information” is skewed towards pushing state propaganda, then the audience will inevitably be persuaded to believe the authorities. 

    But what is at issue is meaning, not the amount of messaging. Repetitious expressions of the government’s preferred narrative, especially ad hominem attacks like accusing anyone asking questions of being a conspiracy theorist, eventually become meaningless.

    By contrast just one well-researched and well-argued post or article can permanently persuade readers to an anti-government view because it is more meaningful. I can recall reading pieces about Covid, including on Brownstone, that led inexorably to the conclusion that the authorities were lying and that something was very wrong. As a consequence the voluminous, mass media coverage supporting the government line just appeared to be meaningless noise. It was only of interest in exposing how the authorities were trying to manipulate the “narrative” – a debased word was once mainly used in a literary context – to cover their malfeasance. 

    In their push to cancel unapproved content, out-of-control governments are seeking to penalise what George Orwell called “thought crimes.”

    But they will never be able to truly stop people thinking for themselves, nor will they ever definitively know either the writer’s intent or what meaning people will ultimately derive.

    It is bad law, and it will eventually fail because it is, in itself, predicated on disinformation.

    Tyler Durden
    Tue, 09/05/2023 – 23:40

  • Six Red Flags Pointing To China's Economic Slowdown
    Six Red Flags Pointing To China’s Economic Slowdown

    The People’s Republic of China is the world’s second-largest economy, responsible for one quarter of global GDP growth this millennium – so when the country catches a cold, the world notices.

    The past several months have seen an avalanche of bad economic news for China, putting the country’s post-pandemic recovery, and global economic growth, in jeopardy.

    In this visualization, Visual Capitalist’s Chris Deckert looks at six important indicators that point to China’s economy slowing down. Data comes from the National Bureau of Statistics of China, the People’s Bank of China, and the General Administration of Customs, to see what is flashing red.

    Six Red Flag Indicators on China’s Economy

    1. GDP

    China’s annual GDP growth rate has averaged 9% since 1978, when the country opened itself up to the global market under Deng Xiaoping.

    However, growth seems to have slowed to a crawl, down to 0.8% (quarter-to-quarter) in the second quarter of 2023 driven by weakness in the Tertiary Sector, which includes retail spending and the troubled real estate sector. This follows a more robust 2.2% figure in Q1, which was driven by pent-up demand released by the end of COVID-era lockdowns.

    On an annual basis, China’s GDP expanded 6.3% year-over-year, below the forecasted 7.3% rate.

    2. Exports

    Exports fell by 14.5% in July, marking the third straight month of declines, and hitting lows not seen since February 2020. Meanwhile, imports fell 12.4%, reflecting the cautious consumer mood.

    On a regional basis, exports fell year-over-year to China’s three biggest customers, ASEAN, the EU, and the U.S., by 17.4%, 15.1%, and 20.8% respectively.

    There was one bright spot, however: exports to sanction-burdened Russia increased 51.8%, but that wasn’t nearly enough to offset the overall downward trend.

    3. Consumer Price Index

    The consumer price index moved into deflationary territory for the first time since 2021, with prices falling 3% year-over-year. The decline was led by Household Articles and Services, Food & Tobacco, and Transportation and Communications.

    At the same time, the prices that producers paid for industrial products (PPI) fell 4.4% (year-over-year), the tenth month in a row with a negative reading.

    4. Youth Unemployment

    And while the headline unemployment rate remained steady at 5.3% in August 2023, up slightly from 5.2% the month before, it papers over serious weakness for urban youth, aged 16 to 24.

    In July, the urban youth unemployment rate reached 21.3%, the highest ever recorded in the country, leading the National Bureau of Statistics of China to suspend future releases.

    5. Yuan vs. USD

    Given the stream of economic bad news, it’s no surprise that the yuan fell to a 16-year low against the U.S. dollar on August 16, 2023 in offshore trading.

    In an effort to stabilize the currency, major state-owned Chinese banks were seen buying up yuan in offshore money markets. At the same time, the spread between the fixed exchange rate set by the People’s Bank of China and the offshore rate, rose to more than 1,000 basis points.

    6. New Loans

    Adding to the dismal economic mood, people borrowed less money according to the most recent figures provided by the government.

    New bank loans fell to ¥346 billion in July, down from ¥3.05 trillion in the month before. This was the lowest reading since late-2009, and less than half of the ¥780 billion economists had forecast.

    What’s Next?

    Foreign Affairs recently published an article with the provocative title “The End of China’s Economic Miracle,” arguing that China’s troubles could be a U.S. opportunity.

    And while this may be somewhat premature, the Middle Kingdom has some serious structural issues to contend with, many of them of their own making. Some of the top challenges include crackdowns on the tech sector, a collapsing real estate market, a larger debt crisis, and a shrinking population.

    But large-scale government intervention does not appear to be in the offing, beyond exhortations for consumers to spend more and blaming Western media for engaging in “cognitive warfare.”

    It’s no wonder that consumer confidence has plunged so low. At least we think so: the Chinese government stopped publishing that too.

    Tyler Durden
    Tue, 09/05/2023 – 23:20

  • Russia, China & North Korea To Launch Trilateral War Games
    Russia, China & North Korea To Launch Trilateral War Games

    Authored by Kyle Anzalone via The Libertarian Institute,

    South Korea’s intelligence services believe that Russia, China and North Korea are preparing to conduct joint military drills. Moscow, Beijing, and Pyongyang have all frequently complained about American war games near their borders.

    According to Yoo Sang-bum, a South Korean legislator, Russian Defence Minister Sergei Shoigu likely proposed that North Korean soldiers join Russian and Chinese troops for military exercises during a July meeting with Supreme Leader Kim Jong Un. Yoo says he learned the information during a closed-door discussion with South Korea’s National Intelligence Service.

    The report comes as Moscow, Beijing and Pyongyang have become increasingly frustrated with Washington and its allies conducting war games near their borders.

    Last week, US and South Korean soldiers wrapped up the Ulchi Freedom Shield annual joint military exercises which included sending American strategic assets to the Korean Peninsula. In response to the drills, Kim ordered his forces to conduct a test of their nuclear capabilities.

    In the South China Sea, Washington contests Beijing’s territorial claims by sending warships into Chinese waters and claiming the deployment is a “freedom of navigation operation.”

    Prior to the invasion of Ukraine, Russian President Vladimir Putin explained that NATO war games in Ukrainian territory were viewed as an intense provocation by Moscow.

    On Saturday, the Kremlin’s envoy to Pyongyang, Alexander Matsegora, explained North Korea’s participation in joint military exercises with China and Russia was an “appropriate” response to “constant bilateral and trilateral exercises” being held by the US and its “junior partners in Asia.”

    On Monday, Shoigu confirmed Moscow was planning to conduct joint military drills with Pyongyang. When asked about deepening defense cooperation, he said per Reuters:

    “Why not, these are our neighbors. There’s an old Russian saying: you don’t choose your neighbors and it’s better to live with your neighbors in peace and harmony,” Interfax news agency quoted Russia’s Defence Minister, Sergei Shoigu, as saying on Monday.

    When asked about the possibility of joint exercises between the two countries, he said “of course” they were being discussed, it said.

    Additionally, the Russian defense minister said Kim was planning to travel to Russia for an upcoming meeting with Putin.

    Tyler Durden
    Tue, 09/05/2023 – 23:00

  • How Student-Teacher Ratios Vary Across The Globe
    How Student-Teacher Ratios Vary Across The Globe

    Around the world, schools have been struggling to recruit teachers before the start of the school year.

    As Statista’s Anna Fleck reports, it’s a phenomenon not only seen in the U.S. but also in Canada, Australia and in Europe, as low salaries, long hours, stress and burnout from the pandemic have led to a mass exodus from the profession.

    According to NPR, it is children living in isolated rural areas and big city districts in the U.S. that are particularly impacted. This is because these schools may not be able to compete for teachers with the better-funded suburban schools that can offer higher pay.

    The following chart shows how there are fairly significant differences in class sizes between countries.

    Infographic: How Student-Teacher Ratios Vary Across the Globe | Statista

    You will find more infographics at Statista

    Of the OECD countries listed, Norway and Belgium appear as examples of teachers working with smaller classes, with an average of around 10 pupils per teacher in public education (primary and secondary). By contrast, classes are fairly busy in Mexico. The country has the highest student-teacher ratio of the study, with around 24 to 27 students per teacher. In the U.S., there are usually around 15 students per teacher in both public elementary and secondary education.

    Teachers warn that teacher shortages and increased class sizes could lead to a detrimental impact on pupils’ progress, attainment and behavior. This is because it makes it harder to provide adequate provision of learning resources to children, while teachers say they can’t meet the needs of all pupils under those circumstances.

    While the student-staff ratio alone does not guarantee academic success, with teaching styles, teaching methods and extra-curricular choices also influencing factors, many teachers believe it is important.

    Tyler Durden
    Tue, 09/05/2023 – 22:40

  • Pennsylvania High School QB Needs 'Miracle' After Collapsing Mid-Game, Family Says
    Pennsylvania High School QB Needs ‘Miracle’ After Collapsing Mid-Game, Family Says

    Authored by Lorenz Duchamps via The Epoch Times (emphasis ours),

    A high school football player in Pennsylvania needs “a miracle” after collapsing on the field in the middle of a game on Sept. 1, according to his family, who said in a health update on Sept. 3 that the 17-year-old has been in critical condition for more than 36 hours.

    A customized football in Pacific Palisades, Calif., on May 26, 2018. (Meg Oliphant/Getty Images)

    Mason Martin, a quarterback for Karns City High School, suffered a “significant brain bleed as well as a collapsed lung,” his family told KDKA-TV.

    The matchup between the Karns City Gremlins and Redbank Valley Bulldogs was cut short in the third quarter when referee Mike Vasbinder noticed Martin started to stagger after he received a hit during the game.

    Despite the hit, the quarterback continued to play defense without any apparent issue until he left the field for the extra point and then came back for the return kick-off. However, the referee noticed something was off before the play started, prompting him to blow his whistle as Martin collapsed.

    “I had to talk to him, and when I asked if he was alright, he told me, ‘no,'” Mr. Vasbinder said, according to the Butler Eagle. “So that’s when I knew something was wrong.”

    The game was stopped early and the Redbanks were named the winner as they were leading 35–6 when the incident occurred.

    Mr. Vasbinder said the medical emergency led staff members to enforce a series of protocols, including some of which the referee never had to follow in a game before last week’s incident.

    “When we saw it got to the point where they were bringing on an ambulance, we talked to Redbank Valley’s coach and Karns City’s coach, who was obviously with his player,” he said. “And we just tried to stay back and keep calm, so things didn’t escalate.

    Martin was taken off the field in a Karns City ambulance before being flown to UPMC Presbyterian Hospital in Pittsburgh in a STAT MedEvac helicopter, D9Sports.com reported.

    His mother, Stacy King Martin, shared an update on her son’s health condition in a statement on social media on Sept. 3, thanking everyone for their love and support.

    “Mason remains in critical condition with little change over the last 36 hours,” her message reads. “The truth is we need a miracle. I’m not saying that to sound grim, but to let you know that we need the strength of your prayers.”

    No one believes in this kid more than us, but he needs everyone’s strength and prayers,” the message continues. “Right now, we have to wait for the swelling to go down to assess the extent of the damage to the brain. So please pray the way he has always played the game, all out holding nothing back, maybe a little angry, definitely aggressive.”

    The Karns City Gremlin Football Program also issued a lengthy statement after the incident, saying the school has counselors available for students and staff who need to talk to someone after witnessing Martin’s serious on-the-field injury.

    https://platform.twitter.com/widgets.js

    Brittany Thompson, a spectator who was there with her daughter, said the situation was reminiscent of Buffalo Bills safety Damar Hamlin’s collapse during the Jan. 2 game against the Cincinnati Bengals.

    “We’re not from this school district, but my daughter wanted to come to the game,” Ms. Thompson said, the Butler Eagle reported. “It’s just really scary.”

    Mr. Hamlin revealed the official cause of his collapse during a press conference in April, saying he collapsed due to a condition that mostly happens to teenagers playing baseball.

    “The diagnosis of what happened to me was basically commotio cordis. It’s a direct blow at a specific point in your heartbeat that causes cardiac arrest,” he explained. “And five to seven seconds later, you fall out.”

    Cardiac Issues Among Young Athletes

    News of Martin’s medical emergency comes about a month after Lebron James’s son, Bronny James, suffered a sudden cardiac arrest while he was practicing for the USC basketball team.

    A spokesperson for the family said on Aug. 26 that a congenital heart defect likely caused the cardiac arrest. The condition had been identified “after a comprehensive initial evaluation” at the center and follow-up evaluations at the Mayo Clinic and Atlantic Health/Morristown Medical Center.

    It is an anatomically and functionally significant Congenital Heart Defect which can and will be treated,” the spokesperson said in a statement.

    However, soon after the medical situation, rampant speculation emerged on social media, including a post from X owner Elon Musk suggesting that the cardiac incident was associated with the COVID-19 vaccine.

    “We cannot ascribe everything to the vaccine, but, by the same token, we cannot ascribe nothing. Myocarditis is a known side effect. The only question is whether it is rare or common,” the Tesla CEO said in late July.

    At the same time, CNN interviewed its own medical analyst, Dr. Sanjay Gupta, who asserted that the younger James’s health scare, as well as similar sudden cardiac arrest events involving young athletes, are “more common than people realize.”

    Last month, the death of Caleb White, 17, from Alabama’s Pinson Valley High School also became a hot topic online as inquiries continue into the unclear links between COVID-19, COVID-19 vaccines, and heart issues.

    “24 hours ago, my grandson Caleb White collapsed on the basketball court, went into cardiac arrest and all attempts to resuscitate him failed. This was similar to the illness Labron James’ son experienced as he was working out,” Caleb’s grandfather, George Varnadoe Jr., said in a Facebook post on Aug. 11.

    Studies on Vaccine Risks

    A study funded by the South Korean government has confirmed that COVID-19 vaccines can cause sudden death. In June, authorities said that eight people died suddenly after receiving an mRNA vaccine due to myocarditis.

    All the sudden cardiac deaths (SCD) occurred in people aged 45 and younger. One of the victims was a 33-year-old man who died just one day after he received the second shot of the Moderna vaccine. Another case involved a 30-year-old woman who died three days after getting her first dose of a Pfizer vaccine.

    The results show the need for “careful monitoring or warning of SCD as a potentially fatal complication of COVID-19 vaccination, especially in individuals who are ages under 45 years with mRNA vaccination,” the study said.

    In an interview with The Epoch Times, Dr. Andrew Bostom, a retired professor of medicine in the United States, said that the results show why mandating COVID-19 vaccines for young people was flawed.

    “These are people who ostensibly did not need the vaccine,” he said. “That’s what adds insult to injury.”

    Aldgra Fredly and Naveen Athrappully contributed to this report.

    Tyler Durden
    Tue, 09/05/2023 – 22:20

  • Musk-The-Merciless? SpaceX Launching "80% Of All Earth Payload Mass To Orbit"
    Musk-The-Merciless? SpaceX Launching “80% Of All Earth Payload Mass To Orbit”

    According to Elon Musk, SpaceX has exceeded the previous year’s rocket launch count, delivering 80% of all Earth payload mass to orbit for the year so far. He said China accounts for the other 10%. 

    https://platform.twitter.com/widgets.js

    On Sunday night, SpaceX launched 21 Starlink internet satellites to low Earth orbit atop a Falcon 9 rocket from NASA’s Kennedy Space Center. The mission was the 62nd of the year, setting a new record for the most flights in a year. The previous record was set in 2022 by the company. 

    Musk said, “Aiming for 10 Falcon flights in a month by the end of this year, then 12 per month next year.” 

    https://platform.twitter.com/widgets.js

    He explained, based on the 2024 launch schedule, “SpaceX will deliver ~90% of all Earth payload to orbit,” adding, “Starship will take that to >99% in future years.” 

    https://platform.twitter.com/widgets.js

    Musk’s latest predictions about SpaceX’s rocket launch monopoly come as new aerial images show Starship is preparing for the second test flight (the first flight ended with a bang). 

    On Tuesday, X account RGV Aerial Photography posted a timelapse video of Starship, explaining, “Starship full stack!”

    https://platform.twitter.com/widgets.js

    Musk said the world’s largest rocket underwent a successful static fire in recent weeks. He said, “Getting ready for the next Starship flight.”  

    RGV Aerial Photography posted a list of milestones Starship has completed and what still needs to be achieved ahead of the next launch (list courtesy of blog spacex.information)

    https://platform.twitter.com/widgets.js

    Meanwhile, Musk has managed to infuriate Democrats as they weaponize government agencies, such as the DoJ and SEC, against him… 

    Is this how Dems see Musk?

    … and a former Obama administration official recently declared: “The US government needs to end its relationship with Musk immediately.” 

    Good luck with that one. Then no Starlinks for Ukraine. 

    Tyler Durden
    Tue, 09/05/2023 – 22:00

  • The Third World Revolt
    The Third World Revolt

    Authored by Christopher Roach via American Greatness,

    Back in my high-school debating days, policy debate teams frequently concluded their arguments with an extreme and somewhat absurd parade of horribles. This was a testament to their intelligence and creativity, plus being dead wrong carried few consequences. Through convoluted chains of logic, they argued that some small change in environmental or trade policy would lead to nuclear war or America’s domination by the “global south.”

    Even then, this all struck me as ridiculous. How could the Third World, with its periodic famines and coups, ever threaten the United States? Back then we were fully dominant over the entire world after the collapse of the Soviet Union and the Warsaw Pact.

    A lot has changed.

    The Birth of the Nonaligned Movement

    During the Cold War, the various nations on the periphery acted, in some ways, as judges of the two competing systems. While the United States and Soviet Union were accused of manipulating the Third World for selfish reasons, the manipulation went both ways. Being coy, Third World leaders often managed to squeeze real benefits, like infrastructure projectsdiscounted military equipment, and other forms of aid by siding with one side or the other.

    During the Cold War, the nations of the Third World were wary of being compelled to take sides, risking conflicts orthogonal to their own interests and sacrificing their sovereignty through excessive dependence on a patron. This is why the nonaligned movement gained power, with India in particular at the forefront, where it was joined by interested Middle Eastern, African, and Latin American nations.

    These nations, which had gained sovereignty only very recently from their colonial masters, were understandably touchy about their independence. They did not want to exchange a formal colonial structure for an informal one.

    When the Cold War ended, the United States remained the sole superpower for some time, but, rather than achieving worldwide assent, this instead fueled envy, fear, and resentment. No longer able to chart their own path, every nation became subordinate on some level to American power.

    Aggressive Idealism Fuels Anti-Americanism

    At the height of its military power, starting during the Clinton presidency, American leaders began to embrace an aggressive “idealism” that set out to change the character, values, and customs of other countries. Purely “humanitarian” interventions like Kosovo and Somalia became common.

    In Iraq and Afghanistan, this idealism meant feminism and democracy. In Eastern Europe, it meant the promotion of gay rights and secularism, alienating the conservative and religious people who once idealized the United States. In Latin America, idealism demanded capitalism and loosened trade restrictions.

    The invocation of “Freedom” and “Democracy,” while it sounds noble and idealistic to our ears, began to sound like a threat to nations who were out of step with the West’s ruling classes. Unilateral American military intervention in such diverse places as Panama, Iraq, Serbia, Syria, and Libya made nations on the sidelines wary that they could be next.

    Brazil, Russia, China, India and South Africa—the so-called BRICS—do not have much in common. They have diverse economic and political systems, distinct languages, very different histories, and members appeared on both sides of Cold War alliances. But they share a common orientation to American power:  our aspirations to maintain “sole superpower” status threatens their national power and independence.  Perceiving this as a zero-sum game, they seek to pivot world attention, prosperity, and power away from the United States and its Western European allies.

    Among these American competitors, China and Russia stand out most of all. Through their de facto alliance, they now dominate the Eurasian landmass. Their industrial capacity has revealed significant advantages in a war of attrition. And, finally, with their history as former American enemies, they have a habitual and strong resistance to American interference with their destinies.

    While Russia and China’s conduct is easily understood, the growing and diverse anti-American coalition, along with these other nations’ willingness to accept Russian and Chinese leadership, needs explanation.  The heart of the matter is sovereignty. American demands and desires currently constrain each of the BRICS nations and the many smaller nations of the Third World, whether it is in energy, central banking, sanctions, trade, or even domestic policies on issues like feminism and gay rights.

    The proposed “multipolar world” has a lot of momentum because it does not require submission to a particular Chinese or Russian model for internal governance. Russia and China are mostly agnostic about internal affairs, unlike the “idealistic” United States. Rather, the alternative promotes a more organic (and potentially chaotic) distribution of power from the current system.

    Finally, neither Russia nor China could displace the United States. Thus, at most, they can usher in a world of “multipolarity,” where all countries will be less constrained, and larger countries like them have, at most, regional strength.

    Ukraine War Now Existential for the American Empire

    The current war in Ukraine is bringing a lot of things to a head. The United States and Europe imagined the rest of the world would view the conflict as a morality play: a big, powerful bully dominating its innocent and unassuming neighbor. This, indeed, is how most leaders and many people in the West perceive events.

    But this has been a tough sell in the Third World, which is the chief reason sanctions have faced resistance. While Russia is bigger than Ukraine, Ukraine is big relative to its separatist eastern provinces, with whom it has had a conflict since 2014. Since most developing nations began as anti-colonial movements for national liberation, Ukraine’s attempts to forcibly reintegrate the East does not look so different from the types of struggles Brazil and India had during their independence movements.

    Moreover, with Ukraine aligned so closely with the West—using NATO tanks, NATO mercenaries, and NATO money to prosecute its defense—much of the world does not perceive a bully pushing around its stalwart neighbor, but rather an American bully using its Ukrainian lackey for realpolitik designs against Russia. This is a particularly popular view in China, of course. But, judging from editorials and open source comments, it is also widely held in places like Africa and India, where many people view Russia in a positive light because of its opposition to the United States.

    Until now, American power rested on actual American superiority in economics, military power, and cultural influence.  The United States soundly defeated Iraq in the first Gulf War, emerged from the Cold War intact and wealthy, and soon proceeded to project power with great skill in the early days of the Afghanistan and Iraq campaigns. But since that time, we have departed Afghanistan and Iraq without a victory. In parallel, we spread chaos in Libya and Syria, failing to conclude regime change operations in the latter.

    American military prowess is no longer undisputed or inevitable, undermining the broader claim of America as the “sole superpower.” This was all avoidable, but having overextended itself, the visible evidence of American decline is now confirmed. This is what happens when a nation is ruled by disloyal, short-sighted, and foolish people.

    To state the obvious, losing wars is never good for an empire. The Ottoman and Russian empires dissolved under the stresses of the First World War. While part of the victorious allies, World War II cemented the subordinate status of France and the United Kingdom, and their empires fell apart after the war. Finally, and most recently, the Soviet Union broke apart after its costly and controversial campaign in Afghanistan.

    Russia’s attempts to assert power in its near-abroad fueled America’s interest in the current Ukraine War.  The theory was that we would pursue our interests on the cheap, prevent challenges to American hegemony, with the added benefit that Ukrainians would be doing the dying. Because of our military and economic superiority, supporters claimed the war would kill Russians, weaken their military, and destabilize Putin’s hold on power.

    Proponents of the war did not really consider what would happen in the reverse case. What if not Russia, but the United States found itself strained economically, losing critical and hard-to-replace weapons in a war of attrition, visibly demonstrating its impotence and weakness on the world stage? Wouldn’t the same dire consequences intended for Russia now happen to us?

    Indeed, they would. Luckily, actual American security does not depend on the continuation of America’s dominance of the globe, nor does American prosperity. Indeed, our prosperity has declined as the requirements of the military industrial complex and the behemoth welfare state devalue our currency and impoverish taxpayers. Further, our aspirations to maintain sole superpower status has endangered us by fueling anti-Americanism, while encouraging significant moral compromise at home.

    Although losing a war and taking a blow to prestige can be a painful process, the American people’s interests require the dismantling of the American empire. Our current course risks manifesting the dire and once-implausible scenarios popular on the high school debate circuit. It is time to change course.

    Tyler Durden
    Tue, 09/05/2023 – 21:40

  • AirBnBust: New York "Effectively Bans" Short-Term Rentals
    AirBnBust: New York “Effectively Bans” Short-Term Rentals

    Last week, we wrote that the bursting of the AirBnB bubble will also pop the broader housing bubble, which has shown remarkable resilience in the face of the highest interest rates since Volcker (although today’s ominous tumble in homebuilder stocks is certainly a concern), largely the result of a staggering divergence between effective mortgage rates (since almost everyone refinanced into a 30Y mortgage when rates were at record lows a few years back and is locked into a nice, low rate for a long, long time… or until they sell) and current 30Y mortgages, which at 7.5% nobody can afford.

    So back to the coming AirBnB fiasco, last Wednesday the real estate experts at RedFin wrote that investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop in overall home sales. That’s the biggest decline since 2008 with the exception of the quarter before, when they dropped 48%.

    The drop in purchases has brought the total number of homes bought by investors below pre-pandemic levels, which is a major concern for a market where investors remained the last remaining support pillar now that most average Americans seeking to buy their first home are simply unable to afford it and are stuck renting indefinitely.

    Real estate investors bought roughly 50,000 U.S. homes in the second quarter, the fewest of any second quarter in seven years, with the exception of the start of the pandemic.

    The decline comes as this year’s relatively cool housing and rental markets makes investing in homes less attractive than it was during the pandemic-driven homebuying frenzy of 2021 and early 2022, when record numbers of AirBnB were purchased as hotel and lodging surrogates.

    There is another, more tangible reason why the AirBnBoom is turning into an AirBnBust: starting today, the short-term rental landscape is changing drastically in New York City, and according to the company itself, will be “effectively banned” threatening the entire AirBnB model in the Big Apple, and other big cities to follow. 

    As the RealDeal reports, beginning Tuesday, short-term rental hosts in New York City will be required to register their units, which will likely have a significant impact on platforms like Airbnb and potentially steer travelers toward hotels or New Jersey.

    The new regulation, known as Local Law 18, includes several rules that may prove inconvenient for travelers and hosts:

    • Limit on Guests: Short-term rentals can accommodate no more than two paying guests at a time, regardless of the property’s size or the number of bedrooms.
    • Host Presence: Hosts are required to be physically present while their properties are being rented.
    • Unlocked Doors: Hosts and visitors must leave the interior doors within the rental unlocked, allowing occupants access to the entire unit.

    The measure aims to curb illegal short-term rentals (which is basically every AirBnB listing), enhance guest safety, and alleviate housing market pressures. It could also drive travelers away from short-term rental platforms altogether, as the restrictions effectively eliminate the appeal of staying in apartments, and forces them to share space with strangers or opt for hotel rooms.

    “Unless it is a really big unit, I think a lot of travelers will find it uncomfortable to stay in an apartment that fully complies with and abides by the city’s new regulations,” Sean Hennessey, a professor at New York University’s Jonathan M. Tisch Center of Hospitality, told the outlet. And if there is one thing New York does not have a lot of, it is “really big” apartments.

    For those hoping to follow and comply with the regulatory framework, good luck: as of Aug. 28, the Office of Special Enforcement in New York City had received over 3,250 applications for short-term rental listings. They reviewed 808 submissions, granted 257 certificates, rejected 72, and returned 479 for further information or corrections, according to the Post.

    The OSE also maintains a Prohibited Buildings List of units that can’t be rented short-term due to lease terms or rent regulations.

    Penalties for hosts for violations of these regulations can range from $100 to $1,000 for the first offense, while guests will not face penalties for staying in an illegal property.

    Naturally, Airbnb sued to have the law gutted, claiming it was effectively a ban on short-term rental  but a judge dismissed the lawsuit in August.

    The company said that listings without a registration number will be unable to accept new reservations once the law is activated. To minimize disruptions to existing bookings, Airbnb will honor reservations made before Tuesday for stays through Dec. 1, refunding the service fee. After Dec. 1, Airbnb will cancel and refund reservations at uncertified properties. The platform, along with hosts, are attempting to work with local officials to pass a less-restrictive version of the measure.

    With New York City’s tourism market already experiencing high demand, with more than 63 million travelers expected in 2023, the outlet reported, Airbnb alternatives are rapidly emerging to try and fill the short-term rental gap.  Some of these alternatives, however, will face similar predicaments to the short-term rental giant.

    San Francisco-based Sonder could provide one alternative. The company has units in the Financial District and elsewhere that aren’t covered by the short-term rental law. The company’s business model, however, is reliant on receiving business from other platforms, including Airbnb.

    Additionally, Sonder has had some issues of its own. In the spring, the startup was warned that it had until mid-October to improve its share price or face delisting from Nasdaq. The company, which manages and leases rentals itself (unlike Airbnb), has experienced multiple rounds of layoffs in recent months.

    Kindred is a startup that charges residents to join a cohort of travelers and homesharers to host or swap homes without money changing hands directly. There are more than 1,000 residents registered in the New York metro area, co-founder Justine Palefsky told Crain’s.

    The biggest beneficiaries from the suspension of AirBnB, are traditional hotels, but even some luxury brands are willing to at least partially embrace a short-term rental model. The Ritz-Carlton in NoMad has 16 short-term rental units up for grabs for $9,000 a night.

    Finally, even if the New York crackdown seems too regional to crush the company’s business model, it is the other abovementioned trends that have sealed AirBnB’s coffin, and assure that the short-term rental company will be the proverbial canary in the housemine. And for those who were in kindergarten during the bursting of the 2007 housing bubble and today are AirBnB moguls, the following refresher from BowTiedBroke will be a useful walkthru for what comes next:

    It has begun:

    Since I went through Short Sales, Deed in Lieu’s and straight up Foreclosures with my RE adventures of ‘01-‘09, here is how the process plays out. I firmly believe heavy Airbnb markets are going to feel some pain.

    The question is: How many first time STR owners/over-leveraged STR owners are out there and how will getting their credit ruined affect other markets or sectors in the US. I have no clue how the trickle down will go.

    But, here are the steps:

    1) Cash flow isn’t covering the mortgage and other expenses.

    2) You stop making the payments

    3) The bank QUICKLY reaches out to see what they can do to “help you” continue making payments to them. They won’t call daily, but they do call at least once/week, sometimes every few days.

    4) You have no way to make the payments so the bank may offer to allow you to try a “Short Sale”, selling the home for less than the amount you owe and being forgiven of the difference (maybe).

    5) You get an offer on the home. Bank rejects it. (There are instances where they accept..maybe more so now, but I never had any short sale offers accepted in ‘’08-‘09 by BofA or Wells Fargo)

    6) If no offers are accepted by the bank, the next step is to try a Deed in Lieu. You attempt to hand keys back to the bank for a “sum” and they take over property. You write a check for a negotiated dollar amount, they send you all types of paperwork which will often say “We can still come after you for the forgiven difference one day”.

    7) To do the DIL, the person at bank you’re negotiating with is not the one making the decision. It’s usually their supervisor. So your hardship “story” is usually being relayed to another person that you never even get to talk to who has the final say.

    8) If the DIL is rejected, it’s straight up Foreclosure through the courts.

    9) You get a wonderful 1099-C. Cancelation of Debt Form. Let’s say you owe $1,000,000. They foreclose and resell your property at auction and the bank gets $750,000 for it. They forgave $250,000 of your debt. It’s their “gift” to you. So you get to pay taxes on a $250,000 gift. Fun times.

    The other issue with all of the above: Your credit is shot from the get go. Even in the short sale process, you aren’t making your payments. So each month that passes just dings your credit more and more. Say goodbye to having any ability to purchase anything on credit for around 5 years. At the 7 year mark, it falls off if they finalize your DIL or foreclosure, but your purchasing power is shot for a long time. My credit was 790 in 2008. By 2009, it was 400. Literally everything after this process has to be purchased with cash or some type of high interest hard money loan.

    Tyler Durden
    Tue, 09/05/2023 – 21:20

  • Proud Boys Leader Enrique Tarrio Handed 22-Year Prison Term For Jan. 6 Attack
    Proud Boys Leader Enrique Tarrio Handed 22-Year Prison Term For Jan. 6 Attack

    Authored by Joseph M. Hanneman and Jackson Richman via The Epoch Times (emphasis ours),

    Henry “Enrique” Tarrio Jr., the Florida-based former chairman of the Proud Boys accused of being the mastermind of a seditious conspiracy to attack the U.S. Capitol on Jan. 6, 2021, was sentenced to 22 years in federal prison on Sept. 5 by U.S. District Judge Timothy Kelly.

    Mr. Tarrio, 39, of Miami, received the longest prison term among all Jan. 6 defendants, eclipsing the previous record of 18 years given to Oath Keepers founder Elmer Stewart Rhodes III in May, and Mr. Tarrio’s co-defendant, Ethan Nordean, on Sept. 1.

    Prosecution of Mr. Tarrio and his Proud Boys lieutenants included the most extended Jan. 6 criminal trial—more than four months—held in the E. Barrett Prettyman United States Courthouse in Washington, D.C.

    Mr. Tarrio was the last of his trial group to be handed a sentence by Judge Kelly, an appointee of former President Donald J. Trump. Mr. Nordean was sentenced to 18 years, Joseph Biggs 17 years, Zachary Rehl 15 years, and Dominic Pezzola 10 years.

    Federal prosecutors sought a 33-year prison term for Mr. Tarrio, described in court documents as a “naturally charismatic leader, a savvy propagandist, and the celebrity chairman of the national Proud Boys organization.” Prosecutors claimed he exhibited “pernicious, violence-oriented leadership.”

    During a nearly four-hour sentencing hearing, defense attorneys said 15 years would be a sufficient prison term.

    Mr. Tarrio expressed remorse for Jan. 6, for letting down his grandfather and his family, and for not respecting law enforcement.

    He asked the judge for leniency so he could return to society and turn away from “my selfish endeavors.” Mr. Tarrio said the trial has humbled him and he no longer wants anything to do with rallies or politics.

    I am not a political zealot,” he said.

    Calling seditious conspiracy a “serious offense,” Judge Kelly said Mr. Tarrio was the “ultimate leader” of the conspiracy who schemed to have government buildings taken over on Jan. 6. What happened that day was a “disgrace,” the judge said.

    Although Mr. Tarrio was not physically present in Washington on Jan. 6, Judge Kelly applied a sentence enhancement for terrorism based on the attack on Capitol fencing by Mr. Biggs and Mr. Nordean. Judge Kelly said the seditious conspiracy made Mr. Tarrio complicit in the fence destruction and deserving of the terrorism enhancement.

    On May 4, Mr. Tarrio was found guilty by a jury of seditious conspiracy, conspiracy to obstruct an official proceeding, obstruction of an official proceeding, conspiracy to use force, intimidation, or threat to prevent officers of the United States from discharging their duties, interference with law enforcement during civil disorder, and destruction of government property.

    Mr. Tarrio was found not guilty of assaulting, resisting, or impeding certain officers. The jury could not reach a verdict on two other counts.

    Much like the Oath Keepers put on trial in 2022 and 2023, Mr. Tarrio was accused of plotting to thwart the “peaceful transfer of power” from President Donald J. Trump to Joseph Biden Jr.

    Defense attorney Sabino Jauregui rejected the idea his client is a terrorist.

    “My client is no terrorist,” Mr. Jauregui said, instead describing Mr. Tarrio as a “misguided patriot.”

    Assistant U.S. Attorney Conor Mulroe disagreed, describing Jan. 6 as a “calculated act of terrorism.”

    Read more here…

    Tyler Durden
    Tue, 09/05/2023 – 21:00

  • US Officials Say Chinese "Tourists" Engaged In 'Gate-Crashing' US Bases For Espionage
    US Officials Say Chinese “Tourists” Engaged In ‘Gate-Crashing’ US Bases For Espionage

    Fresh reporting in The Wall Street Journal has reviewed and presented a series of instances which are being dubbed low-level Chinese intelligence collection efforts, often involving Chinese nationals posing as tourists who attempt to gain access to military bases in the US, sometimes in bizarre and forceful ways.

    US officials have tracked a dramatic increase in these incidents, citing that they’ve occurred as many as 100 times in recent years. These episodes have also been called ‘grate-crashing’ incidents.

    “The Defense Department, FBI and other agencies held a review last year to try to limit these incidents, which involve people whom officials have dubbed gate-crashers because of their attempts—either by accident or intentionally—to get onto U.S. military bases and other installations without proper authorization,” the WSJ wrote.

    High secure facility at U.S. Army’s White Sands Missile Range (WSMR) in Socorro, New Mexico. Image via MIT.

    Documenting some of the more interesting examples, the report said, “They range from Chinese nationals found crossing into a U.S. missile range in New Mexico to what appeared to be scuba divers swimming in murky waters near a U.S. government rocket-launch site in Florida.”

    The people involved are not likely Chinese intelligence officials themselves, but possibly assets pressed into service by their country while they are in the states. In many cases, the phenomenon appears a low-level and easy attempt at testing security practices at high secure American government installations.

    These instances have reportedly come under renewed scrutiny after the Chinese ‘spy balloon’ shootdown incident off the South Carolina coast in early February.

    The FBI has said, “The Chinese government is engaged in a broad, diverse campaign of theft and malign influence without regard to laws or international norms that the FBI will not tolerate.” But of course, Beijing has responded by rejecting the “groundless accusations” and “Cold War mentality” which the foreign ministry says has been on display by the US. “The relevant claims are purely ill-intentioned fabrications,” the Chinese embassy in D.C. told the Journal.

    According to one example offered in the report:

    Officials described incidents in which Chinese nationals say they have a reservation at an on-base hotel. In a recent case, a group of Chinese nationals claiming they were tourists, tried to push past guards at Fort Wainwright, Alaska, saying they had reservations at a commercial hotel on the base. The base is home to the Army’s 11th Airborne Division, which is focused on Arctic warfare. 

    In numerous other examples, Chinese “tourists” take photos, or even deploy recreational drones, to capture images of sensitive military sites.

    Another example US officials described to the WSJ involved Chinese visitors going to White Sands National Park – only to wander onto the neighboring missile testing range and facility. Similar scenarios have even happened at the White House, where Chinese visitors on group tours appeared to have focused their photo-taking on security guard houses and Secret Service guard infrastructure, before being told to leave.

    https://platform.twitter.com/widgets.js

    In a further example…

    In another incident, Chinese nationals appear to have been found scuba diving off Cape Canaveral, home to the Kennedy Space Center. The area is the launch site for spy satellites and other military missions. A spokesman for Homeland Security Investigations’s Tampa, Fla., field office said the incident was part of a continuing investigation and declined to comment further. 

    They were reportedly taking photos near the launch site, but at the same time there’s some ambiguity and “cover” given they simply claimed they were scuba diving and were engaged in harmless recreation in public waters.

    The report says that often the Chinese nationals are only briefly detained and then put on a plane and sent out of the country and back to China early. US officials believe that this is an organized probing effort of the Chinese government and its intelligence services.

    Tyler Durden
    Tue, 09/05/2023 – 20:40

  • Shellenberger: Government Intel & Security Agencies Behind NGO Demands For More Censorship By X/Twitter
    Shellenberger: Government Intel & Security Agencies Behind NGO Demands For More Censorship By X/Twitter

    Authored by Alex Gutentag and Michael Shellenberger via Public Substack,

    Groups leading the advertiser boycott of X/Twitter receive money from and have a history of spying for governments…

    Jonathan Greenblatt, CEO, ADL; MP Damian Collins, CCDH Advisory Board Member;  Sasha Havlicek, CEO of ISD

    The Anti-Defamation League (ADL), the Center for Countering Digital Hate (CCDH), and the Institute for Strategic Dialogue (ISD) are nongovernmental organizations, their leaders say. When they demand more censorship of online hate speech, as they are currently doing of X, formerly Twitter, those NGOs are doing it as free citizens and not, say, as government agents.

    But the fact of the matter is that the US and other Western governments fund ISD, the UK government indirectly funds CCDH, and, for at least 40 years, ADL spied on its enemies and shared intelligence with the US, Israel and other governments.  The reason all of this matters is that ADL’s advertiser boycott against X may be an effort by governments to regain the ability to censor users on X that they had under Twitter before Musk’s takeover last November.

    Internal Twitter and Facebook messages show that representatives of the US government, including the White House, FBI, Department of Homeland Security (DHS), as well as the UK government, successfully demanded Facebook and Twitter censorship of their users over the last several years.

    ADL is waging a very similar campaign against X/Twitter that it successfully waged against Facebook in 2020. In just three days, 800 companies, including $129 billion consumer products giant Unilever, withdrew tens of millions of dollars in ad revenue from Facebook until it agreed to ADL’s censorship demands. “The Facebook caved to far-left pressure groups and now allows them to silently dictate policy in exchange for ad money,” said Musk yesterday. “That is the relationship they’ve had with X/Twitter for many years. Presumably, they have that with all Western search or social media orgs.”

    It’s possible that there has been an increase in hate on X since Elon Musk bought the company. With greater free speech policies comes the possibility of more offensive speech, including racist or antisemitic speech. Bigotry does exist, and it should be challenged.

    But there is no good evidence of that. Public has debunked claims by ISD and CCDH of an increase. And researchers have repeatedly debunked ADL’s claims of rising antisemitism for years. In 2009, an Israeli filmmaker found that ADL could not support its claims of an antisemitism crisis. Wrote NPR in a review of the film, “When he presses ADL staffers for evidence to back up their claims of a sharp spike in North American anti-Semitism in 2007, they can offer only wan transgressions…”

    Eleven years later, Liel Leibovitz noted in Tablet that ADL had, for a report, “counted hundreds of threatening calls to Jewish community centers made by a mentally troubled Israeli teenager. You had to read the report’s fine print to learn that the number of violent attacks against Jews that year had actually decreased by 47%.”

    ADL, ISD, and CCDH have not presented any good evidence that offensive speech online directly causes “hate-motivated violence,” nor that censorship prevents it. Moreover, last week Public reviewed evidence suggesting that the best way to combat hate speech is through open and public debate, which allows people to change their minds, not censorship.

    ADL’s main goal is supposed to be stopping “the defamation of the Jewish people,” but the organization is using the legacy of antisemitism and the Holocaust to justify unrelated censorial advocacy work. This is exploitative, and it is defamatory to say that Jews, in general, need and favor censorship. Many Jews on both the left and the right have argued that ADL does not represent their interests. By claiming to speak for all Jewish people while demanding highly unpopular policies, the ADL may be inadvertently driving antisemitism.

    As troubling as these highly partisan ideological biases are, what’s most dangerous are the past and present ties between ADL, ISD, CCDH, and governments, particularly security and intelligence organizations, which we detail below.

    Neither ADL, ISD, nor CCDH have responded to multiple requests for more information or an interview.

    ADL’s Spying For Governments

    FBI Director Robert Mueller gives the keynote speech at the Anti-Defamation League’s 2005 National Commission Meeting November 3, 2005 in New York City. Mueller, who was joined by U.N. Ambassador John Bolton, spoke on terrorism, extremism and other global topics that are the centerpiece of this years ADL National Commission Meeting. (Photo by Spencer Platt/Getty Images)

    Although ADL is currently focused on demonizing Trump supporters as “domestic terrorists,” it has a history of partnering with the state and law enforcement to target the Left. 

    Today, ADL’s ties to intelligence and security organizations are closer than ever. It works with the FBI by holding a training session with agents and hosting FBI Director Christopher Wray as a featured speaker. According to Greenblatt, the FBI works directly with ADL “every day.”

    We do not have firm proof that there is a conspiracy by the intelligence and security agencies of the United States and Britain to control the content on social media platforms like X and Facebook through their control over CCDH, ISD, and ADL. Perhaps ideological, cultural, and political alignment alone explain the remarkable coordination we have documented. Perhaps the US and UK government funding for CCDH and ISD is insignificant compared to their nongovernmental funders.

    But there is enough evidence of conspiracy for members of Congress and Parliament to investigate CCDH, ADL, ISD, and other so-called “nongovernmental” organizations for the advocacy of censorship. Who is funding them? What are their relationships with government officials? What is their role in intelligence and security organizations?

    What’s clear is that we also need to change our view of ADL, CCDH, and ISD. They cannot be considered “nongovernmental organizations.” Their ties to the government, particularly the national security state, are too strong. 

    Public Substack subscribers can read the full note here…

    Tyler Durden
    Tue, 09/05/2023 – 20:20

  • CDC Repeatedly Advised People With Post-Vaccination Conditions To Get More Doses
    CDC Repeatedly Advised People With Post-Vaccination Conditions To Get More Doses

    Authored by Zachary Stieber via The Epoch Times (emphasis ours),

    A network composed of experts from inside and outside the U.S. government repeatedly recommended that people who suffered adverse events following COVID-19 vaccination receive additional shots, even when the experts could not rule out the vaccines as the cause of the events, documents obtained by The Epoch Times show.

    The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Ga., on Aug. 25, 2023. (Madalina Vasiliu/The Epoch Times)

    The network, the Clinical Immunization Safety Assessment (CISA) Project, is run by a doctor who has received extensive funding from pharmaceutical giants, including the top two COVID-19 vaccine manufacturers, according to other records.

    In one example, CISA was presented with records showing a 63-year-old woman experienced chronic kidney disease, with symptoms including kidney swelling, after receiving a second dose of Pfizer’s COVID-19 vaccine.

    CISA subject matter experts (SMEs) said that the diagnosis could not be definitively confirmed without a kidney biopsy but that they still felt comfortable using a causality algorithm for the presumed diagnosis developed in part by Dr. Kathryn Edwards, CISA’s principal investigator.

    Applying the algorithm to the case resulted in an “indeterminate” designation, or an inability to rule out the vaccine causing the problem, in part because there was no evidence of other causes. But that inability did not stop the program from recommending additional shots.

    Weighing the potential risks of COVID-19 vaccination and the benefits of preventing COVID-19, the SMEs provided their opinion that the patient should receive future COVID-19 vaccinations,” the Feb. 24, 2023, letter to the patient’s doctor stated.

    At the time, the effectiveness of the vaccines against symptomatic infection had been shown to start low and wane quickly, while protection against severe disease began higher but also rapidly dropped.

    After the woman received her next shot, the CISA experts said, the doctor should check in on her to see if she experienced recurrent hematuria, or blood in her urine.

    “Although the CDC’s subject matter experts claim to have no idea if inflammation of the kidneys in a 63-year-old woman was caused by the mRNA COVID-19 biological, they tell the attending physician to go ahead and give the woman another COVID shot. That amounts to a challenge/re-challenge experiment on a sick woman without informed consent,” Barbara Loe Fisher, co-founder and president of the National Vaccine Information Center, told The Epoch Times in an email.

    “Government officials admitting ignorance about a biological product’s potential side effects but directing a doctor to risk a patient’s life by continuing to inject the product into a patient, who already has suffered an injury following use of that product, is immoral,” she added. “We expect and deserve government health officials to adhere to a higher professional and ethical standard of care.

    Some people who experience a problem after a dose of a COVID-19 vaccine have experienced a recurrence of the problem following another dose, according to case studies and surveillance data.

    Dr. Edwards, until recently of Vanderbilt University Medical Center, and the CDC did not respond to requests for comment.

    Other Letters

    The Epoch Times obtained, through the Freedom of Information Act, letters sent by CISA to physicians.

    CISA features experts with the CDC and other institutions, including Vanderbilt University, Boston Medical Center, and Johns Hopkins University collaborating to respond to doctors who ask the program to review patient cases and provide recommendations.

    CISA provides consultations for U.S. healthcare providers with complex vaccine safety questions about their patients and conducts vaccine safety clinical research,” the CDC states on its website.

    The first COVID-19 vaccines were authorized and recommended in December 2020. From Dec. 1, 2020, through June 1, 2023, CISA provided 48 recommendations to doctors dealing with COVID-19 vaccines, the records show.

    In 39.5 percent of the cases, CISA recommended another vaccination. In 23 percent of the cases, CISA recommended against another vaccination. In 14.5 percent of the cases, CISA said there were no reasons patients could not receive more doses. In the remaining cases, CISA advised reassessing the matter down the road or advising a patient who had not yet received a vaccine to receive a vaccine.

    The recommendations for future doses came even in cases where CISA was unable to say the vaccine did not cause the adverse event.

    In a letter dated May 4, 2021, CISA experts said there was “no evidence” to support non-vaccine causes for the patient’s condition but that there was “no definitive known association” between the condition and Pfizer’s vaccine, leading to an indeterminate designation in the causality algorithm.

    While one of the experts said that in a person “with the right immunologic makeup,” the vaccine “could be an initial inciting injury” causing the condition, many of the experts advised the patient to receive another dose.

    The patient might want to receive Johnson & Johnson’s vaccine, which uses different technology than the Pfizer and Moderna messenger RNA shots, CISA said in the letter. “Support for this guidance included that it would avoid the lipid envelope and the mRNA presentation of the antigen to this patient,” they wrote.

    In another letter, dated Jan. 18, 2022, CISA experts also found no evidence for non-vaccine causes for the patient’s condition, which appeared after Pfizer vaccination. But they repeated the claim that there was no definitive association between the vaccine and the condition, leading to an indeterminate designation.

    CISA experts “strongly felt that the risk of COVID-19 infection was higher than the potential risk from another dose of vaccine,” according to the letter, and recommended a second Pfizer dose.

    In a third letter, dated May 23, 2022, CISA experts said the causality algorithm resulted in an indeterminate designation “due to lack of strong evidence against a causal association.” They described a “very perplexing case” and acknowledged the patient’s condition was “not understood.”

    But CISA experts still advised the patient, who suffered an event after a Pfizer dose and had also recovered from COVID-19, to receive another shot.

    “This would be especially important in light of the current surge in circulating Omicron variants,” they wrote.

    Small Number of Causal Determinations

    A small number of cases led to the determination that the vaccination caused an adverse event.

    In six instances, CISA experts determined that the event was “consistent with causal association,” or caused by the vaccination, because the condition suffered by each patient was “a known possible adverse event following immunization.”

    In all six cases, experts recommended against additional doses while advising the doctors caring for the patients to follow up with the patients to figure out which non-COVID vaccines the patients could safely receive.

    CISA experts also advised against additional COVID-19 vaccine doses in five other cases. The designations in those cases were also indeterminate, making the differences between them and those that resulted in recommendations for future doses unclear apart from several involving people who had expressed opposition to receiving more shots.

    In seven other cases, CISA experts said there were no contraindications, or no reasons for not receiving at least one additional dose. The CDC has maintained a short list that currently includes just two contraindications for the COVID-19 vaccines—a history of severe allergic shock or a history of a known diagnosed allergy to a component of one of the shots.

    Patients with other conditions, such as heart inflammation after COVID-19 vaccination, are generally advised to avoid additional doses, the CDC says in the list. But that is only a “precaution,” not a contraindication.

    CISA also advised doctors of nine of the patients to reassess future COVID-19 vaccination down the road and, in two of the cases, told doctors that patients who had not yet received a COVID vaccine could receive one.

    Read more here…

    Tyler Durden
    Tue, 09/05/2023 – 20:00

  • Chicago Criminals Get Green Light To Rob, Loot And Steal As Odds Of Punishment Collapse To Near Zero
    Chicago Criminals Get Green Light To Rob, Loot And Steal As Odds Of Punishment Collapse To Near Zero

    By Ted Dabrowski and John Klingner of Wirepoints

    The decision to commit a crime in Chicago has never been easier. Criminals are almost guaranteed to profit because the chances of getting caught and punished have collapsed to near-zero. 

    It’s a big reason why the city is on target to hit a post-pandemic high in major crimes in 2023, currently up 32 percent vs. last year. It’s also why crime is unlikely to slow down significantly any time soon. Mayor Brandon Johnson doesn’t show any signs of imposing a higher cost on the city’s criminals. And Cook County State’s Attorney Kim Foxx and Cook County Chief Judge Tim Evans haven’t changed their soft approach to crime either.

    The math is pretty straightforward. A demoralized, restricted police force. Plus a 1 in 20 arrest rate. Plus a high rate of unreported crime. Plus a dismal 911 response rate. Plus a city leadership that’s soft on crime. All that equals a near-zero chance of criminals ever getting punished.

    Not until the costs of committing crime go way up – and the equation changes – will Chicagoans see any relief. 

    Equation inputs

    Arrests

    The chance of getting arrested in Chicago for a major crime collapsed to just 5 percent in 2022. It was already a low 10 percent just four years ago.

    More than 68,000 major crimes were reported in Chicago last year. Only 3,228 of them resulted in arrests. Wirepoints’ calculations are based on the Chicago City Data Portal: Crime – 2001 to Present.

    The arrest rate for criminal sexual assault? Just 3 percent. Ditto for Motor Vehicle Thefts. Burglaries were at only 4 percent and Robberies, 5 percent. 

    For thefts over $500, the chance of getting busted is even lower, at just 1 percent. There were just 201 arrests out of 20,041 crimes reported last year. And you’ll avoid arrest 96 times out of 100 across any form of theft, which The New York Times recently reported

    Unreported crimes

    It gets even better for Chicago criminals. The above data is just for crimes that are actually reported. The Bureau of Justice Statistics found that nationally in 2019, “Only 40.9% of violent crimes and 32.5% of household property crimes were reported to authorities.” So the real chance of getting caught is even lower than the 5 percent. 

    Soft-on-crime leadership

    Criminals are far more likely to get verbal support for the crimes they’ve committed, not condemnation, from Mayor Brandon Johnson. Kids just being “silly,” he said of the city’s recent teen takeovers. They’re not “mob actions,” he argued. We captured both those moments here and here.

    And there’s the fact that even if criminals do get caught, the chances of being convicted and sentenced are low. State’s Attorney Kim Foxx and Chief Judge Tim Evans continue their light treatment of felony weapons charges and issue plea deals on the cheap.

    Criminals also know they’re less likely to be detained pre-trial, which Wirepoints covered in Close the revolving door for high-risk offenders in Cook County. There are about 800 more violent defendants out on electronic ankle bracelets at any one time – many of them felons – than there were in 2016. There are thousands more defendants out without any tracking. 

    With the SAFE-T Act now law, the number of alleged criminals back on the streets before trial will increase further.

    911 calls

    Yet another part of the calculus is the fact that Chicago’s police aren’t responding to more than half of the urgent 911 calls they receive, part of what are called RAPs, or Radio Assignments Pending. Last year we reported on the 2021 data, which showed just over half of all priority 911 calls weren’t immediately handled.

    It was even worse in 2022. Of the more than 780,000 Priority 1 and 2 911 service calls, 60 percent had no Chicago police available to respond. 

    Those delays included:

    • Over 4,700 robbery-related calls, including 470 robberies in progress

    • Over 19,400 calls of batteries in progress

    • Nearly 2,000 reports of sexual assault, including 150 assaults in progress

    • Over 18,000 reports of a person with a gun

    • Over 1,200 reports of citizens shot

    • Nearly 1,000 reports of citizens stabbed

    Making it worse

    The simple calculus of Chicago’s criminals is clear when you look at the city’s latest criminal fad: robberies.

    The ease of stealing cars like Kias and Hyundais, in combination with new laws prohibiting police from foot and car chases, has emboldened criminals even more. 

    Criminals are now using those stolen cars to go on robbery sprees neighborhood to neighborhood, sometimes committing as many as 20 robberies within hours of each other, confident they won’t get caught or even chased.

    That’s resulted in headlines like these:

    The story that perhaps best captures the restrictions placed on officers to do their jobs is in a recent article by CWB Chicago: At least 23 armed robberies reported Sunday as Chicago cops *again* see a robbery in progress, but don’t chase the offenders:

    …CPD police officers on patrol and in a surveillance camera operations center witnessed an armed robbery in progress in the 6500 block of North Western Avenue. “I can see them right now,” the officer radioed. “They got long guns. There’s a unit on scene.”

    That patrol unit tried to pull the Durango over as they snaked through the North Side. Officers said four men were inside the SUV with their faces covered, bearing at least one rifle. But not long after the unit started to chase the SUV loaded with armed, masked men who had just robbed someone as Chicago police officers watched, a CPD sergeant ordered the squad car to terminate their efforts to stop the Durango.

    At least eleven people were robbed that night, including some after the police supervisor decided to let the group of armed robbers get away.”

    More victims of crime

    Add all the above and it’s easy to see why criminals face a near-zero risk of punishment.

    That also helps explain why the city’s crime numbers continue to rise. Chicagoans have been victimized more than 51,000 times during the first 8 months of 2023 – already more than they were over the entirety of 2019, 2020 or 2021. Only homicides are down compared to last year, by 8 percent – a small decline compared to other major cities.

    If the lawbreaking trend continues, 2023 major crimes will total 78,000, some 17% more than in 2022.

    For sure, there’s a lot to be done to solve the crime crisis in Chicago. The social challenges and poor educational outcomes plaguing the city will take years, if not decades, to unwind. 

    But to save lives in the meantime, and to make Chicago safer – one of Mayor Johnson’s key goals – the near-zero cost of committing crimes must rise dramatically. And that means reforging the chain of criminal justice, from arresting to prosecuting to sentencing. 

    Tyler Durden
    Tue, 09/05/2023 – 19:40

  • These Are The Most Popular US Undergrad Degress Of The Last Decade
    These Are The Most Popular US Undergrad Degress Of The Last Decade

    In an era of soaring tuition fees and mounting student debt, choosing which undergraduate degree to pursue has become a crucial decision for any aspiring college student. And it always helps to see which way the winds are blowing.

    As Visual Capitalist’s Pallavi Rao shares below, this visualization by Kashish Rastogi, based on data from the National Center for Education Statistics (NCES), examines the changing landscape of undergraduate degrees awarded between the 2010–2011 and 2020–2021 academic years.

    Undergraduate Degrees Growing in Popularity

    The NCES classifies all four-year bachelor degrees into 38 fields of study. Of these fields, 21 saw an increase in graduates in 2020–2021 compared to 2010–2011.

    While only those with more than 30,000 graduates have been shown in the graphic (to prevent overrepresentation of large changes in small pools of graduates), the full list is available below.

    Rank Field of Study 2010–2011 2020–2021 % Change
    1 Business 363,919 390,781 +7%
    2 Health Professions 143,463 268,018 +87%
    3 Biomedical Sciences 89,984 131,499 +46%
    4 Psychology 100,906 126,944 +26%
    5 Engineering 76,356 126,037 +65%
    6 Computer Sciences 43,066 104,874 +144%
    7 Communication 83,231 90,775 +9%
    8 Security & Law
    Enforcement
    47,600 58,009 +22%
    9 Interdisciplinary
    Studies
    42,473 54,584 +29%
    10 Leisure &
    Fitness Studies
    35,934 54,294 +51%
    11 Public Administration 26,799 34,817 +30%
    12 Physical Sciences 24,338 28,706 +18%
    13 Mathematics 17,182 27,092 +58%
    14 Agriculture Sciences 15,851 21,418 +35%
    15 Natural Resources
    & Conservation
    12,779 20,507 +61%
    16 Engineering
    Technologies
    16,187 18,562 +15%
    17 Transportation 4,941 5,993 +21%
    18 Legal 4,429 4,589 +4%
    19 Military Technologies 64 1,524 +2,281%
    20 Science Technologies 367 532 +45%
    21 Library Science 96 119 +24%

    Note: Field of study names have been edited slightly from their NCES labels for better readability.

    Let’s take a look at the areas of study that were most popular, as well as some of the fastest growing fields:

    Computer and Information Sciences

    Bachelor’s degrees in this discipline have grown by 144% since 2010–2011, with over 100,000 graduates in 2020–2021. The allure of the tech sector’s explosive growth likely contributed to its popularity among students.

    Health Professions

    Undergraduate degrees in health professions saw an 87% increase, attracting nearly 260,000 graduates in 2020–2021. This field accounted for 13% of the total graduating class, reflecting the growing appeal of the healthcare sector.

    Engineering

    There were 50,000 more engineering graduates in the U.S. in 2021, up 65% from 2011. With a median income over $100,000 per year, engineering graduates can usually rely on good wages as well as versatility in future careers, capable of finding jobs in tech, design, and communication fields, and of course, becoming future entrepreneurs.

    Biomedical Sciences

    University graduates in this field, which focuses on the integration of the study of biology with health and medicine, grew by 46%. A subset of this category—epidemiology—has been in the limelight recently thanks to the COVID-19 pandemic.

    Business

    While this category recorded a modest 7% growth in graduates, its popularity has been indisputable in the last decade, representing the largest proportion of the graduating class in both 2011 and 2021.

    Fields with Declining University Graduates (2011‒2021)

    Meanwhile, 17 areas of study experienced declines in the number of completed university degrees. We explore some of the notable ones below:

    Rank Field of Study 2010–2011 2020–2021 % Change
    1 Social Sciences 142,161 1,37,908 -3%
    2 Visual &
    Performing Arts
    93,939 90,022 -4%
    3 Education 104,008 89,398 -14%
    4 Liberal Arts 46,717 41,909 -10%
    5 English 52,754 35,762 -32%
    6 History 35,008 22,919 -35%
    7 Human Sciences 22,438 22,319 -1%
    8 Foreign Languages 21,705 15,518 -29%
    9 Philosophy
    & Religion
    12,830 11,988 -7%
    10 Architecture 9,831 9,296 -5%
    11 Ethnic, Cultural
    & Gender Studies
    8,955 7,374 -18%
    12 Theology 9,073 6,737 -26%
    13 Communications Tech 4,858 4,557 -6%
    14 Personal &
    Culinary Services
    1,214 594 -51%
    15 Construction Trades 328 221 -33%
    16 Mechanic & Repair 226 221 -2%
    17 Precision Production 43 28 -35%

    English

    Popular in the 1970s, the English undergraduate degree has gone through peaks (80s and 90s) and troughs (2000s and 10s) of popularity in the last 50 years. Between 2010–2011 and 2020–2021, the number of students with an English degree has fallen by a third.

    The state of English’s woes are even making its way to pop culture, like in Netflix’s The Chair, which follows the head of a struggling English department at a major university.

    Education

    The existing teacher shortage in the United States does not seem to be getting fixed by a burgeoning supply of new grads. In fact, the number of university graduates in Education fell 14% between 2011 and 2021. With concerns around stagnant wages, burnout, and little to no support for supplies, many teachers are seeing an already demanding job becoming harder.

    Liberal Arts

    In the classic era, the liberal arts covered seven fields of study: rhetoric, grammar, logic, astronomy, mathematics, geometry, and music. Now, liberal art degrees include several other subjects: history, political science, and even philosophy—but students are meant to primarily walk away with critical thinking skills.

    The modern world rewards specialization however, and a wider-scope liberal arts degree is seeing fewer takers, with a 10% drop in graduating students.

    Tyler Durden
    Tue, 09/05/2023 – 19:20

  • Mainstream Media Finally Wakes Up To The Gaping GDP-GDI Recession Discrepancy
    Mainstream Media Finally Wakes Up To The Gaping GDP-GDI Recession Discrepancy

    Authored by Mike Shedlock via MishTalk.com,

    Not exactly timely, Bloomberg notes “The widening gap between gross domestic income and gross domestic product is a worrying signal.”

    https://platform.twitter.com/widgets.js

    GDP vs GDI Chart Notes

    • Real means inflation adjusted

    • GDP is Gross Domestic Product

    • GDI is Gross Domestic Income

    • Real Final Sales is the bottom line assessment of GDP. It excludes inventories which net to zero over time.

    GDI was negative for two consecutive quarters and has been weaker than GDP for four quarters. GDI is now positive, but it is subject to greater revisions than GDP.

    GDP numbers from the BEA, chart by Mish

    Bloomberg opinion columnist Aaron Brown says Summer’s End Is Ushering In a Recessionary Chill, emphasis mine.

    In theory, GDP and GDI measure the same thing — the total value of goods and services produced in a geographic area and sold to end-users at arms-length prices during a quarter — but in different ways. If the economy had a single cash register, GDP would measure the money coming into the till, GDI would measure where the money went — to wages, supplies, taxes, interest, dividends or left in the till for owners and stockholders. But since the economy has billions of transactions, many complex and not all captured in official numbers, GDP and GDI have different measurement errors, and thus different values. They’re usually pretty close, however, differing by 0.8% on average.

    Using two successive down quarters as the signal for recession, from 1947 to 1973 GDP and GDI agreed all but once. They both signaled four recessions at the same times, and they both missed the 1961 recession. GDP did give one false alarm in 1947.

    Since 1973, however, GDI has done much better. Four times it signaled recession before GDP and once it caught a recession that GDP missed. Twice the two triggered at the same time, and once GDP gave a false alarm.

    There’s been more news recently suggesting that a recession began at the end of 2022. Second-quarter GDP growth was revised down. Job openings are plunging. The labor leverage ratio — the proportion of workers quitting to those let go by employers — is falling as well, suggesting workers fear a weak job market and have little power to get increased wages. Corporate profits are falling as well. If current trends continue, and if GDP declines a significant share of the roughly 1.5% needed to fall in line with GDI, the economic numbers released from late September through October could well prompt the NBER to announce a recession.

    This has three main implications, two political and one economic. Politically, NBER declaring a recession would support the Republican story that the Biden administration hurt the economy and denied obvious economic reality for three years to push left-wing policies. It would make Democratic painting of Bidenomic prosperity seem hollow or even dishonest.

    I have been talking about the GDP vs GDI discrepancy, negative revisions, the discrepancy between jobs and employment, corporate profits, and the job leverage ratio for months, and in far more detail. Let’s take a look at some of my recent posts.

    Negative Revision to 2nd Quarter GDP, Huge Discrepancy with GDI Continues

    The lead chart and the second chart are from my post Negative Revision to 2nd Quarter GDP, Huge Discrepancy with GDI Continues

    Real GDI peaked in the third quarter of 2022.

    Discrepancy Between Jobs and Employment

    Employment levels and jobs data from the BLS, chart by Mish.

    Payrolls vs Employment Gains Since May 2022

    • Nonfarm Payrolls: 4,377,000

    • Employment Level: +3,185,000

    • Full Time Employment: +1,446,000

    • Only 45.4 percent of the employment gains for the last 15 months was full time employment.

    Jobs Rise by 187,000 But 110,000 Negative Revisions and Unemployment Soars by 514,000

    On September 1, I noted Jobs Rise by 187,000 But 110,000 Negative Revisions and Unemployment Soars by 514,000

    Accounting for negative revisions, jobs effectively increased by 77,000 while unemployment surges as people looking for work can’t find it. Bloomberg labeled this “Goldilocks”.

    Unemployment rose by 514,000. Over half a million people wanted jobs but couldn’t find them.

    Full time employment is down by 150,000 since January of 2023.

    Here is a blurb I have posted in my monthly jobs reports for eight straight months.

    Because of annual benchmark revisions, the way the BLS reports revisions, and the relatively small sample sizes of monthly jobs reports, we cannot, with strong confidence, suggest these reports portray an accurate picture of either jobs or employment.

    Of the 894,000 rise in employment in January, 810,000 was due to annual benchmark revisions. And the BLS does not say what months were revised, just poof, here you go.

    The monthly jobs report by the BLS samples a mere 6 percent of jobs. The Quarterly Census of Employment and Wages (QCEW) payroll employment data represents 95 percent of the data.

    The BLS will not incorporate March of 2023 until January of 2024. Lovely.

    The Labor Leverage Ratio, a Measure of Wage Bargaining Power, Is in Retreat

    Data from the BLS, the Labor Leverage Ratio (LLR) is defined as Quits / (Layoffs + Discharges)

    The BLS comments “the quits rate can serve as a measure of workers’ willingness or ability to leave jobs.”

    The LLR is a refinement to the quits rate.

    I have commented on labor leverage several times this year, most recently in The Labor Leverage Ratio, a Measure of Wage Bargaining Power, Is in Retreat

    Philadelphia Fed GDPplus Measure Sure Looks Like Recession Started in 2022 Q4

    The Philadelphia Fed has a measure called GDPplus that’s a blend of GDP and GDI, not an average. It appears to lean more heavily on GDI.

    In 100 percent of the cases, with no false signals, no misses, and no lead times more than two quarters, every time GDPplus had two consecutive quarters of negative growth, the economy was in recession.

    On closer inspection, all but once, and the exception was a mere -0.1 percent, every time GDPplus had one quarter of negative growth, the economy was or would soon go into recession. By soon, I mean within two quarters.

    GDPplus accurately forecast the 1961 recession but GDP and GDI both did.

    GDPplus Recession Signals

    Mish compilation of recession lead times based on DGPplus data

    GDPplus Recession Signals Synopsis

    • GDPplus signaled every recession

    • GDPplus was on time 4 times, early by a quarter 3 times, and early by 2 quarters twice.

    This makes it appear as if GDPplus is a leading indicator. It isn’t because the data is heavily revised.

    The BEA makes revisions frequently, especially on GDI. Since GDPplus is more reliant on GDI, it also has significant swings. However, GDPplus is the best recession indicator yet.

    One quarter is sufficient and barring positive revisions to GDI and by implication GDPplus, the economy went into recession in the fourth quarter of 2022.

    For more discussion of GDPplus, please see Philadelphia Fed GDPplus Measure Sure Looks Like Recession Started in 2022 Q4

    Mainstream media is finally waking up to these discrepancies, albeit without any detailed analysis.

    It’s quite possible a recession has come and gone. The NBER already had one instance of declaring a recession after it was over so don’t be surprised if it happens again.

    It’s possible that a recession has come and gone with an interlude due to Inflation Reduction Act inflationary Nonsense.

    If so, expect a rare double dip.

    *  *  *

    Subscribe to MishTalk Email Alerts.

    Tyler Durden
    Tue, 09/05/2023 – 19:00

  • 'In Broad Daylight & In Front Of Kids': Disturbing Video Shows Maryland Cop Getting Into Backseat With Woman
    ‘In Broad Daylight & In Front Of Kids’: Disturbing Video Shows Maryland Cop Getting Into Backseat With Woman

    A viral video shows a police officer in Prince George’s County, a county in Maryland that borders Washington, D.C., taking what appears to be a young woman into the back of his police cruiser in broad daylight while kids play just feet away. It’s unclear what the officer and young woman did in the back of the cruiser. 

    https://platform.twitter.com/widgets.js

    Maryland Bureau Chief for 7News DC Brad Bell confirmed on X, formerly known as Twitter, that Prince George’s County Police Department’s “command staff is aware” of the viral video circulating on multiple social media platforms. He said the police department has “opened an investigation into the circumstances.” 

    https://platform.twitter.com/widgets.js

    … and it appears the officer was suspended. 

    https://platform.twitter.com/widgets.js

    One X user pointed out, “Across the playground in broad daylight is wildd levels of horny.” 

    “Prince George’s County Police sure do love black booty right in front of the immigrants and the kids,” another said. 

    Someone said, “It’s a PG County cop and folks are acting shocked my this…” 

    “In broad daylight where kids were playing at that smh. He couldn’t drive down the street?! And that girl looked MAD YOUNG to me. This is so foul smfh,” X user said. 

    The Prince George’s officer is taking ‘protect and serve’ to a whole other level. None of this is shocking in the Democratic stronghold county that borders DC. 

    Tyler Durden
    Tue, 09/05/2023 – 18:40

  • Don't Dismiss The Possibility Of Gold Confiscation
    Don’t Dismiss The Possibility Of Gold Confiscation

    Authored by Jeff Thomas via InternationalMan.com,

    If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.

    You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.

    But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?

    In my conversations with friends and associates, I have often raised this question. The typical responses:

    “They’d never do that.”

    “I’ll deal with that if and when it happens.”

    “I just wouldn’t give it to them.”

    I consider these “wishful thinking” responses.

    It’s an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It’s a thought that I’ve found few want to even think about, let alone discuss.

    If you fall into this camp, you’re in good company. Some of the forecasters whom I respect most highly also treat it either as unlikely or at best, “something we may need to look at in the future.” To date, in conversing with top advisors worldwide, the two primary reasons they believe gold will not be confiscated are:

    1. “Confiscation would mean the government acknowledges the reality of the value of gold.”

    Yes, this is quite so. They would be changing their official view… which, of course, they do all the time. But I submit that all that they need to do is put the proper spin on it.

    2. “They would meet greater resistance than they did back in ’33.”

    I expect that this is also true, but that a plan will be put in place to deal with that resistance.

    We’ll address both of these assertions in more detail shortly, but first, a bit of history.

    In 1933, Franklin Roosevelt came into office and immediately created the Emergency Banking Act, which demanded that all those who held gold (other than personal jewelry) turn it in to approved banks. Holders were given less than a month to do this. The government then paid them $20.67 per ounce – the going rate at the time. Following confiscation, the government declared that the new value of gold was $35.00. In essence, they arbitrarily increased the value of their newly purchased asset by 69%. (This alone is reason enough to confiscate.)

    Today, the US government is in much worse shape than it was in 1933, and it has much more to lose. The US dollar is the default currency of the world, but it’s on the ropes, which means the US economic power over the rest of the world is on the ropes.

    I think that readers will agree that they will do anything to keep from losing this all-important power.

    The US government has essentially run out of options. At some point, the fiat currencies of the First World will collapse, and some other form of payment will be necessary. Yes, the IMF is hoping to create a new default currency, but that, too, is to be a fiat currency. If any country were to produce a gold-backed currency in sufficient supply, that currency would likely become the desired currency worldwide. Fractional backing would be expected.

    As most readers will know, the Chinese, Indians, Russians, and others see the opportunity and are building up their gold reserves quickly and substantially. If these countries were to agree to introduce a new gold-backed currency, there can be little doubt that they would succeed in changing the balance of world trade.

    That said, the US government is watching these countries just as we are, and they are aware of the threat of gold to them.

    The US government ostensibly has approximately 8,200 tonnes of gold in Fort Knox, although this may well be partially or completely missing. Additionally, it ostensibly holds a further 5,000 tonnes of gold in the cellar of the New York Federal Reserve building. Again, there is no certainty that it is there. In general, the authorities don’t seem to like independent audits.

    In fact, there are rumors that the above vaults are nearly or completely empty and that the above quoted figures exist only on paper rather than in physical form. While there is no way to know this for sure, it’s not out of the question.

    Either way, if the US and the EU could come up with a large volume of gold quickly, they could issue a gold-backed currency themselves. It’s a simple equation: The more gold they have = the more backed notes they can produce = the more power they continue to hold. By seizing upon the private supply of their citizens, they would increase their holdings substantially in short order.

    Either that or they could just give up their dominance of world trade and power… What would you guess their choice would be?

    It is entirely possible that the US government (and very likely the EU) has already made a decision to confiscate. They may have carefully laid out the plan and have set implementation to coincide with a specific gold price.

    So how would this unfold? Let’s imagine a fairly extreme scenario and ask ourselves if it could be pulled off effectively:

    • The evening news programs announce that the economic recovery is being hampered by wealthy private investors who, by hoarding gold, are skewing the value of the dollar and threatening the middle and poorer classes. The little man is being made to suffer while the rich get richer. A press campaign to equate gold ownership with greed ensues.

    • The government announces the Second Emergency Banking Act, advising the public that “the first EBA was instituted by FDR to solve this same problem during the Great Depression. This act was instrumental in helping the little man ‘recover.’” (As the average man on the street doesn’t know his history nor how wrong this statement is, he’ll believe it. Besides, the announcement has a “feel-good” message, and that’s all that matters.)

    • Possessors of gold, who make up a small minority of the population, would become pariahs. It won’t matter that the guy who owns two gold Maple Leafs is not exactly a greedy, rich man. No one will wish to be seen as resisting confiscation. Neither will they wish to go to prison for resisting, no matter how remote the possibility.

    • The US pays for the gold in US dollars, which are rapidly headed south. Yes, the Fed will need to print more fiat dollars in order to pay them off, but this suits their purpose, as it inflates the dollar even more. Those who have turned in their gold will do whatever they can to unload the US dollars as quickly as possible and will need to find another investment at a time when there are very few trustworthy investments other than gold. The stock market would likely rise, showing the public how the gold confiscation program is “working.”

    • One last scary possibility: The government demands that gold is turned in immediately and that settlement will occur following confiscation. After confiscation, it announces that, as there has been such a large number of cases of rich people ripping off the little man, processing them all could take months, possibly even a year or more. A further announcement states that some investors have made an unreasonable profit on the backs of the poor and that they should not be granted this profit. This profit must be returned to the people. (You can almost hear the cheers of the people.) Then it sets about making assessments. The bureaucrats find that most investors do not have formal, acceptable receipts for every coin in their possession. So if you paid $1,200 for a Krugerrand a couple of years ago, you get paid $1,200. If you bought it at $250 in 1999, you get paid $250. But if you have no receipt in an acceptable form, you get a “fair,” median payment, say, $500, regardless of when you bought it.

    • Appeals: Each investor will be allowed up to one year to appeal the decision of the Treasury as to what is owed him. Of course, the investor knows that the dollar is sinking rapidly and that he would be wise to shut up and take what he is being offered.

    Again, this hypothetical scenario is an extreme one.

    The reader is left to consider just how likely or unlikely this scenario is and what that would mean to his wealth.

    But bear this in mind: If the above scenario were to take place soon, the average citizen would have mixed feelings. They would be glad that the “evil rich” had been taken down a peg, but they would worry about the idea of the government taking things by force, because they might be next. It would therefore be in the government’s interests to implement confiscation only after the coming panic sets in – after the next crash in the market, after it becomes plain to the average citizen that this really is a depression and he really is in big trouble. Then he will be only too glad to see the “greedy rich” go down, and he won’t care about the details.

    As terrible as the thought is, it seems unlikely to me that the government will not confiscate gold, as they have little to lose and so much to gain.

    Those who own gold would prefer to think that this cannot happen, but they have quite a lot riding on that hope and precious little evidence to support it.

    It is entirely possible that this scenario will not take place, just as it is possible that confiscation will not take place. The purpose of this article is to spark some serious discussion – both for and against the possibility.

    Investors are, by their very nature, planners. It may take a community of investors to develop a legal plan to deal with the above eventuality. Time to get started.

    The government can’t easily confiscate what’s outside its own borders, which is why it’s working night and day to make it as difficult as possible for you to protect your assets abroad. This sad reality means that you need to take action before it’s too late. Your first step? Learn how to start internationally diversifying your wealth – and your life. From investing in international markets and opening offshore bank accounts to setting up an offshore LLC or annuity.

    *  *  *

    Unfortunately, there’s little any individual can practically do to change the trajectory of broke governments in need of more cash. There are still steps you can take to ensure you survive the turmoil with your money intact. That’s precisely why bestselling author Doug Casey and his colleagues just released an urgent new PDF report that explains what could come next and what you can do about it. Click here to download it now.

    Tyler Durden
    Tue, 09/05/2023 – 18:20

  • People Rarely Transmit COVID-19 Before Experiencing Symptoms: Lancet Study
    People Rarely Transmit COVID-19 Before Experiencing Symptoms: Lancet Study

    Authored by Tom Ozimek via The Epoch Times (emphasis ours),

    In a blow to the COVID-19 “silent spreader” narrative that has been used to push for universal masking, including controversially among schoolchildren, a recent study published in The Lancet suggests that people who are non-symptomatic rarely have the ability to infect others.

    A protestor holds a sign against mask mandates in Costa Mesa, Calif., on June 10, 2021. (John Fredricks/The Epoch Times)

    Silent transmission is the idea that those who are infected with COVID-19 but show no symptoms can still spread the virus to other people.

    While all relevant studies show that presymptomatic and asymptomatic “silent spreaders” account for some proportion of infections in other people, the degree of silent transmission is less clear.

    A number of early studies—in some cases affected by limitations that may have led to their proportion of presymptomatic transmission to be “artifactually inflated”—suggested that silent transmission accounted for around half of secondary infections, or even more.

    The early studies led public health authorities to argue that everyone should wear a mask at all times when out in public or crowded places. This, in turn, helped drive draconian universal masking policies, including in schools, in a bid to reduce the spread of COVID-19.

    For instance, Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases (NIAID), initially discouraged universal mask-wearing early in the pandemic but later did a U-turn.

    Initially, “we didn’t realize the extent of asymptotic spread,” Dr. Fauci said in July 2020, adding that later, “we fully realized that there are a lot of people who are asymptomatic who are spreading infection.”

    So it became clear that we absolutely should be wearing masks consistently,” Dr. Fauci said at the time.

    But new research calls into question the significance of the threat of silent transmission, which comes as COVID-19 cases are on the rise in America, driving what some are calling a renewed pandemic “hysteria” and calls for a fresh round of restrictions, including mask mandates.

    ‘Very Few Emissions’ Before Symptom Onset

    The new study, published in the August issue of The Lancet’s Microbe journal, shows that people who are sick with COVID-19 but don’t show any symptoms have a limited ability to spread the virus to other people.

    Participants in the British study, which was carried out by researchers at Imperial College London, were unvaccinated healthy adults aged 18-30 who were intentionally infected with COVID-19.

    The subjects were monitored under controlled circumstances while self-reporting symptoms three times per day, and researchers collected nose and throat swabs from them daily, checking for the presence of the virus.

    The researchers also tested the inside of masks worn by the participants, checked their hands, and examined the air and surfaces of rooms that the subjects were kept in for a minimum of 14 days.

    Ultimately, the researchers found that less than 10 percent of the viral emissions from infected participants took place before the first symptoms emerged.

    Very few emissions occurred before the first reported symptom (7%) and hardly any before the first positive lateral flow antigen test (2%),” the authors of the study wrote.

    The new study—which takes the form of a rigorous, controlled “challenge study” rather than the earlier modeling studies that relied on subjective inputs and assumptions of researchers—contradicts earlier research that set the tone for much of the prevailing narrative. That early research appears to have inflated the perceived threat of presymptomatic spread.

    The latest study, suggesting that silent transmission is far less significant, comes amid a growing drumbeat of alarm as COVID-19 cases, hospitalizations, and deaths are on the rise—along with calls in some circles for renewed restrictions.

    By contrast, many are calling for cool heads to prevail—or are urging civil disobedience if lockdowns or other mandates are reimposed.

    ‘Artifactually Inflated’?

    Some early studies, such as one published in August 2020 called “Temporal Dynamics In Viral Shedding and Transmissibility of COVID-19,” suggested that people who were presymptomatic or asymptomatic accounted for a large proportion of secondary infections.

    This particular study estimated that 44 percent of secondary cases were infected during the presymptomatic stage, while concluding that “disease control measures should be adjusted to account for probably substantial presymptomatic transmission.”

    The authors of the study admitted that it had several limitations, however, including potential “recall bias” that may have tended towards a delay in recognizing first symptoms.

    The incubation period would have been overestimated, and thus the proportion of presymptomatic transmission artifactually inflated,” meaning that the study may have exaggerated the proportion of people who spread the virus before showing symptoms, they said.

    Another study from July 2020 called “The Implications of Silent Transmission for the Control of COVID-19 Outbreaks” went even further, suggesting that people were most infectious during the presymptomatic phase and concluding that silent transmission was the “primary driver of COVID-19 outbreaks and underscore the need for mitigation strategies, such as contact tracing, that detect and isolate infectious individuals prior to the onset of symptoms.”

    That study relied on a range of assumptions and models, with different presymptomatic, asymptomatic, and symptomatic transmission rates calculated based on a complex mathematical model from another study.

    Findings from earlier studies like the ones cited above led public health officials to argue that silent spreaders were a big factor in COVID-19 transmission and so to recommend that everyone should mask up.

    Tyler Durden
    Tue, 09/05/2023 – 17:40

Digest powered by RSS Digest

Today’s News 5th September 2023

  • Who's Afraid Of An Alternative For Germany?
    Who’s Afraid Of An Alternative For Germany?

    Authored by Conor Gallagher via NakedCapitalism.com,

    The media describes them as far-right, anti-European Union, anti-immigrant, fascist, etc. But what exactly are the positions of the Alternative for Germany (AfD) party? Why is it steadily gaining in public opinion polls, and why is the German establishment so afraid of them?

    Various AfD party members have made comments in recent years that, depending on your point of view, are offensive or were blown out of proportion by the media. I’m not going to review all those here but instead wanted to look at what policies are contained in the AfD platform. The party’s “Manifesto for Germany” is a 93-page document that covers just about everything, but I want to focus here on areas that the media most frequently focus on  – immigration, the EU, and nationalism, as well as the set of positions that I would argue is the real reason for hyperventilating over AfD’s rise: foreign policy.

    On the EU:

    We oppose the idea to transform the European Union into a centralised federal state. We are in favour of returning the European Union to an economic union based on shared interests, and consisting of sovereign, but loosely connected nation states.…

    We believe in a sovereign Germany, which guarantees the freedom and security of its citizens, promotes economic welfare, and contributes to a peaceful and prosperous Europe.

    Should we not succeed with our ideas of a fundamental reform within the present framework of the European Union, we shall seek Germany‘s exit, or a democratic disso- lution of the EU, followed by the founding of a new Euro- pean economic union.…

    European politics are characterised by a creeping loss of democracy. The EU has become an undemocratic entity, whose policies are determined by bureaucrats who have no democratic accountability.

    On the Euro currency:

    We call for an end to the Euro experiment and its orderly dissolution. Should the German Federal Parliament not agree to this demand, Germany’s continued membership of the single currency area should be put to a popular vote.…

    The Euro actually jeopardises the peaceful co-existence of those European nations who are forced into sharing a common destiny by the Eurocracy. The introduction of this currency has led to resentment and confrontation amongst countries in Europe. Countries incurring economic difficulties within the single currency area are forced to restore their competitiveness by such measures as internal devaluation and associated budgetary constraints (austerity policies), rather than exploiting the tool of currency adjustments. Tensions amongst European nation states can inherently be ascribed to the Euro.

    AfD doesn’t just oppose the Euro for altruistic reasons. The party also objects to any form of financial equalization between the richer and poorer euro countries and claims Germany shoulders an unfair burden in propping up the weaker members of the eurozone.

    The political programme provides very little on labor policy, but AfD does want to provide financial incentives for Germans to reproduce. Here is the party on low birth rates and immigration:

    In order to fight the effects of this negative demographic development, political parties currently in government support mass immigration, mainly from Islamic states, without due consideration of the needs and qualifications of the German labour market. During the past few years it has become evident that Muslim immigrants to Germany,in particular, only attain below-average levels of education, training and employment. As the birth rate is more than 1.8 children amongst immigrants, which is much higher than that of Germans, it will hasten the ethnic-cultural changes in society.

    The attempt to counteract these developments by increasing the rate of immigration will inevitably lead to the estab lishment of more parallel communities, particularly inlarge cities, where integration with the native population is already a problem. The spread of conflict-laden and multiple minority communities erodes social solidarity, mutual trust, and public safety, which all are elements of a stable commu- nity. The average level of education will continue to drop.

    Greater political support for parental work, as well as education and family policies which are focused on the needs of families and young couples wanting to start a family, will once again lead to birth rates at a self-sustaining rate in the medium to long-term. We regard the closing of the gap between the actual number of children being born, and the desire of 90% of young Germans to have children, as a central element of our political platform.

    The document goes on for many pages about protecting the nation’s culture and how Islam is not a good fit for Germany. What exactly  is that culture?

    The AfD is committed to German as the predominant culture. This culture is derived from three sources: firstly, the religious traditions of Christianity; secondly, the scientific and humanistic heritage, whose ancient roots were renewed during the period of Renaissance and the Age of Enlightenment; and thirdly, Roman law, upon which our constitutional state is founded.

    Islam does not belong to Germany. Its expansion and the ever-increasing number of Muslims in the country are viewed by the AfD as a danger to our state, our society, and our values. An Islam which neither respects nor refrains from being in conflict with our legal system, or that even lays claim to power as the only true religion, is incompatible with our legal system and our culture. Many Muslims live as law-abiding and well-integrated citizens amongst us, and are accepted and valued members of our society. However, the AfD demands that an end is put to the formation and increased segregation by parallel Islamic societies relying
    on courts with shari’a laws.

    Here is the AfD immigration policy in a nutshell:

    Current German and European asylum and refugee policies cannot be continued as in the past. The ill-fitting term “refugee” used for all the people who enter Germany irregularly with the aim to stay here forever, is characteristic of this misguided policy. It is necessary to make a distinction between political refugees and people fleeing from war on the one hand, and irregular migrants on the other. It is the AfD’s view that true refugees should be granted shelter as long as there is war in the countries of origin. Irregular migrants, who are not persecuted, have no right to claim protection, contrary to refugees. Once the reasons for fleeing, such as an end to wars, or political and religious persecution, no longer applies, shall residence permits of refugees be terminated. These refugees need to leave Germany. Germany and its EU partner countries should provide incentives for those who have to leave. It is in the interest of domestic and foreign peace if refugees return to their home countries and contribute to the political, economic and social reconstruction of these countries.

    We advocate moderate legal immigration based on qualitative criteria where there is irrefutable demand, which can neither be satisfied from domestic resources, nor by EU immigration. The interests of Germany as a social, economic and cultural nation are paramount.

    On militarization,  foreign policy and the US:

    Currently, the operational readiness of the German Armed Forces is severely compromised. Due to poor political decisions and mismanagement, our armed forces have been severely neglected for over three decades. The operational readiness has to be fully restored so that the armed forces will be able to perform all their responsibilities. This is an essential prerequisite for the acceptance of Germany as an equal partner by NATO, the EU and the international community.

    Membership of NATO corresponds to Germany‘s interests with regard to foreign and security policy, as long as NATO’s role remains that of a defensive alliance. The AfD believes that predictability in meeting commitments towards NATO allies is an important goal of German foreign and security policy, so that Germany can develop more political weight to shape policies, and gain influence. We advocate that any engagement of NATO must be aligned to German interests, and has to correspond to a clearly defined strategy.

    Wherever German Armed Forces, as part of NATO operations, are involved beyond the borders of its Alliance partners’ territory, shall, in principle, only be carried out under a UN mandate, and only if German security interests are taken into account.

    On Germany’s occupation by allied troops (i.e., the US):

    …70 years after the end of World War II, and 25 years after the end of a divided Europe, the renegotiation of the status of Allied troops in Germany should be put up for discussion. The status of Allied troops needs to be adapted to Germany’s regained sovereignty. The AfD is committed to the withdrawal of all Allied troops stationed on German soil, and in particular of their nuclear weapons.

    And on Russia:

    The relationship with Russia is of prime importance, because European security cannot be attained without Russia’s involvement. Therefore, we strive for a peaceful solution of conflicts in Europe, whilst respecting the interests of all parties.

    Why Is AfD Surging in Popularity?

    AfD is a relatively new party – it was founded in 2013. It first began to gain a foothold among disenchanted voters in East Germany during the refugee crisis in 2017, but with the onset of the war in Ukraine and the energy crisis in Germany, their support has been growing and spreading. What originally made AfD so attractive in East Germany?

    According to Manès Weisskircher who researches social movements, political parties, democracy, and the far right at the Institute of Political Science, TU Dresden, AfD’s support in the East can be primarily traced to three factors:

    1. The neoliberal ‘great transformation,’ which has massively changed the eastern German economy and continues to lead to emigration and anxiety over personal economic prospects.

    2. An ongoing sense of marginalization among East Germans who feel they have never been fully integrated since reunification and resent liberal immigration policies in this context.

    3. Deep dissatisfaction with the functioning of the political system and doubt in political participation.

    Recent polling contains interesting findings with regards to the AfD. It shows that 44 percent of Germans supporting the party do not have far-right views, but they are more concerned with inflation (90 percent) and immigration (87 percent) than the general public (78 and 56 percent, respectively). A whopping 78 percent of those who said they would vote for AfD said they would do so to show they were unhappy with current policies.

    The rise of the AfD is rooted in the crisis of German neoliberalism, and the current war in Ukraine that accompanies it. The idea that the West would cause Russia to collapse, divide it into pieces and plunder its natural resources has spectacularly backfired.

    The German economy is instead the one in a freefall. In response, Berlin continues to liberalize immigration laws to attract more foreigners with the hope it will help the economy – this despite the fact that half of German citizens would like the country to take in fewer refugees than it currently does.

    A record high of 71 percent of the German public are not satisfied with the work of the federal government, according to a recent Deutschlandtrend survey. The current government is unresponsive to the concerns of working class voters. Foreign minister Annalena Baerbock famously summed up that reality last year:

    https://platform.twitter.com/widgets.js

    The AfD is the only party in Germany making the connection between Berlin’s bellicose policy towards Moscow (and increasingly Beijing as well) and the worsening economic conditions for Germans.

    The Greens, rather than examine their own failings, are blaming voters for not fully understanding their policies. They’ve launched a “charm” offensive to better explain their wisdom while simultaneously escalating their charges against the AfD. Tobias Riegel writes at NachDenkSeiten [machine translation]:

    The [Green] chairman of the Europe Committee in the Bundestag, [Anton] Hofreiter, is currently warning against the AfD and has accused it of treason. He also did not rule out a ban on the party, as reported by the media . Two sentences by Hofreiter are particularly striking. On the one hand:

    “You have to be aware of the incredible danger that the AfD poses to democracy and the rule of law, as well as to the prosperity of many people; that has not yet arrived in all parts of society.”

    And on the other hand:

    “There is also insufficient awareness of the danger that the AfD poses to our country’s external security in this difficult situation with increasingly aggressive dictatorships such as Russia and China. The AfD is predominantly a group of traitors who act not in the interests of our country but in the interests of opposing powers.”

    If you swap “AfD” for “Greens” and if you swap “Russia” for “USA”, you could almost think Hofreiter is talking about himself and his leading party friends in these quotes.

    Meanwhile, the country’s Left Party, which is considered a direct descendant of the Socialist Unity Party that ruled East Germany until reunification, has completely collapsed after abandoning nearly all of its platform in an attempt to appear “ready to govern.” Much like the bourgeoisie Greens, the Left increasingly stands for neoliberal, pro-war and anti-Russia policies. Former Left voters have increasingly switched to the AfD in response.

    As long as the AfD is the only party in Germany willing to connect the dots between US control over German foreign policy and the increasing toll that is taking on the citizens’ standard of living, it will likely continue to attract voters.

    Why Is There Such an Outcry Over AfD?

    For years now, the German establishment has been throwing the kitchen sink at the AfD. There are of course allegations of Russia connections. They hate the disabled. They are extremist and must be monitored.  A former AfD representative was also  allegedly part of a coup plan involving 25 geriatrics that were inspired by QAnon and were somehow going to take over the government. Stories on the coup plot almost always focus on the AfD link and warnings that they are getting “more extreme.”

    Most of these scare stories about the AfD originate from Germany’s domestic intelligence agency, the Federal Office for the Protection of the Constitution (BfV), which last year won the right to surveil AfD members after judges allowed the party to be branded a “suspicious entity.”

    German authorities are now able to monitor and intercept mail correspondence, phone calls and online conversations. It can also limit members’ ability to get employment in the public sector and make it more difficult to obtain licenses for weapons.

    (In the past, the BfV investigated members of the Left Party suspecting them of intending to replace the existing economic, political and social order with a socialist or communist system.)

    Much of this seems ripped straight out of the US playbook for dealing with Trump and unruly voters in general: ignore the voters, blame the voters, and then release spooks.

    The media hysteria over the AfD is reminiscent over the constant ringing of alarm bells over the election of the Italian Prime Minister and her Brothers of Italy party last year. Fascism was on the march, they declared. Well, Meloni has turned out to be a pretty run-of-the-mill corporate stooge who toes the line on the EU and NATO. Even her anti-immigrant rhetoric gave way to ensuring the arrival of a certain number in order to maintain the supply of cheap labor for Italian businesses. And the freak out over Meloni died down as soon as she proved her devotion to the EU and NATO.

    Let’s not pretend that any of the concern over the AfD is due to its proposed policies regarding German culture and immigrants. It is because the party is advocating for positions that are a direct threat to Brussels and Washington. If it went forward with efforts to get Germany off the euro or boot US troops out of the country, it would collapse the whole EU-NATO system.

    Despite the media and intelligence agency pressure, the AfD only seems emboldened. Beyond the party platform, AfD members have since gone further in their criticisms of the US.

    Here’s Member of the European Parliament Maximilian Krah:

    “It is certain that the German government was informed of the sabotage beforehand by the Americans. This is the only explanation for Scholz’s awkward silence. With the addition of a woke and irresponsible warmonger like [Foreign Minister Annalena] Baerbock, who declares that Germany is at war with Russia, nothing surprises me.

    The problem is that this is tearing the German economy to pieces and significantly impoverishes Germany. Moreover, the billions spent by Germany on this gas project, which ensured us cheap energy, are lost, but the coalition which governs Germany does not care. Officially, Scholz knows nothing. Apparently, we live in a democracy.”

    The AfD is also increasingly critical of Berlin’s stance towards China, which it believes is being driven by US interests and Germany’s detriment. From  Deutsche Welle:

    The AfD has positioned itself in opposition to the German government’s critical policy toward ChinaBerlin’s China Strategy, published in mid-July, for example, was denounced by Bystron, the AfD’s foreign policy spokesperson, as the “attempt to implement green-woke ideology and US geopolitical interests under the guise of a strategy for German foreign policy.”

    The description of China in the strategy as a rival — as well as a partner and competitor — was for Bystron “the consequence of the US’ confrontational course toward China. This confrontation and division are not in the interests of Germany as an export nation,” he said.

    For political scientist Wolfgang Schroeder from the University of Kassel, the AfD’s foreign policy positions demonstrate an attempt to set itself apart from the other German political parties. Geopolitically, said Schroeder, the AfD sees the traditional Western ties with the United States, which it regards as hegemonic, as having past their use-by date.

    “The AfD considers Washington to be more part of the problem than part of the solution to the challenges facing Germany,” he told DW. “That’s because the AfD considers the US an imperial actor whose vested interests cannot be reconciled with those of Germany.”

    The AfD is essentially calling for a return to the Angela Merkel foreign policy based on Wandel durch Handel (“transformation through trade”). It relied on cheap Russian gas imports and exports to its largest trading partner, China.

    There is now a central disconnect to Germany’s foreign policy and domestic policy. As Berlin follows the wishes of the US, lives for the citizens of Germany will  continue to worsen. How can Germany reconcile this?

    German Chancellor Olaf Scholz’s Zeitenwende was essentially a promise to the US that Germany will from now on take up its sword in defense of US hegemony and morally superior purposes (such as Baerbock’s feminist foreign policy that aligns neatly with Washington’s enemy list) against Russia, China, Iran, and whoever else threatens the “rules-based order.”

    The AfD, whether you agree or disagree with its other positions, is for now the sole German party standing against such an arrangement.

    The German state’s harassment of the Left Party appears to have worked in getting it to abandon its previously “radical” goals of empowering workers, dissolving NATO and getting US troops out of Germany. We’ll have to wait and see what path the AfD takes.

    Tyler Durden
    Tue, 09/05/2023 – 02:00

  • "Unprecedented Levels" Of Theft In Nation's Capital Forces Supermarket Chain To Remove Name-Brand Items From Shelves
    “Unprecedented Levels” Of Theft In Nation’s Capital Forces Supermarket Chain To Remove Name-Brand Items From Shelves

    Walmart, Target, Kohl’s, Foot Locker, Dick’s Sporting Goods, and Dollar Tree, to name a few, have all raised concerns about out-of-control thefts in their stores nationwide. The latest is supermarket chain Giant Food, which warned about “unprecedented levels” of “shrink” – the loss of inventory due to circumstances such as retail theft – at one of its stores in Washington, DC. 

    NBC Washington said the Giant Food, located at 1535 Alabama Ave SE, has already warned if rampant shoplifting continues, the supermarket will have to close its doors. 

    The Giant on Alabama Avenue SE is the only full-service supermarket in the area, and if it closes, it will create a food desert in Southeast DC. Instead of closing, it seems the grocery chain has come up with a solution:

    In a statement, Giant said it plans to remove national brand health and beauty care items and replace them with private label brands where possible. The new policy aims to reduce “unprecedented levels” of theft and make the store safer for shoppers and employees. 

    “None of the tactics we deploy is the ultimate solution to the problem we face, but we continue to invest in efforts that will improve safety for our associates and customers and reduce theft,” part of the statement read. –NBC Washington

    Replacing brand name items, such as Tide, Colgate, or Advil, with only private label products is a last-ditch effort to prevent the store from closing. 

    DC’s failed progressive social justice reform policies have only emboldened criminals, as AP News warned in July: “Violent crime is rising sharply, fueled by more homicides and carjackings.” 

    Major corporations who funded the ‘defund the police’ movement during the Covid era are getting what they deserve: A surge in thefts as soft on crime Democrats in control of many of the nation’s cities have only sparked a theft and violent crime wave. 

    Retailers sounded the alarm on the theft wave this past earnings season. The number of times CEOs mentioned “shrink” on earnings calls soared to a record high.  

    A new report last week drew a Mexican cartel connection in America’s retail theft epidemic that cost companies like Walmart, Target, Kohl’s, Home Depot, and Foot Locker, among others, tens of billions of dollars last year. Yet another failed Democrat policy to leave borders open. 

     Open borders are not so great after all… It’s time to reinforce law and order in the nation or face out-of-control theft waves now making it to suburbia. 

     

    Tyler Durden
    Mon, 09/04/2023 – 23:45

  • Kishida's Unpopularity Increases Risk Of BOJ Shift And Yen Intervention
    Kishida’s Unpopularity Increases Risk Of BOJ Shift And Yen Intervention

    By Masaki Kondo, Bloomberg markets live reporter and strategist.

    Prime Minister Fumio Kishida’s falling popularity adds to the risk that the Bank of Japan may surprise investors again with a policy shift that will make voters happier.

    Political distress has emerged as a potential leading indicator for action in monetary and currency affairs since late 2022
    When Japan intervened to prop up the yen in October, it wasn’t just the currency that was falling — Kishida’s administration’s approval rating was also plumbing new lows.

    https://platform.twitter.com/widgets.js

    The government was drawing fire in opinion polls again in December, when the central bank unexpectedly raised the ceiling for yield-curve control. And when the BOJ caught investors off guard once more in July with a further adjustment to YCC, the PM’s popularity was yet again on the slide.

    This isn’t to deny that underlying economic and market pressures are the fundamental drivers of monetary and currency policy. Nobody is suggesting that the government directs the central bank, which has its independence enshrined in law.

    Yet there is a clear line that connects the weak yen to inflation, and inflation to unhappy voters. When it comes to the timing of actions that can take some of the sting out of inflation, recent history indicates opinion polls are at least worth watching.

    It may also pay to keep an eye on the periodic meetings between Kishida and the BOJ governor. Many traders can probably recount that the then-Governor Haruhiko Kuroda raised concern over the yen when he met the prime minister about a month before raising the YCC ceiling in December.

    Kazuo Ueda, who was chosen by Kishida to succeed Kuroda earlier this year, has also shown himself to be highly attuned to the plight of the yen. Ueda surprised BOJ watchers in July when he acknowledged that foreign-exchange volatility had been a factor in raising the YCC cap again.

    The most recent public record of a meeting between the pair is Aug. 22, when they discussed financial conditions ahead of the gathering of global central bankers in Jackson Hole, Wyoming.

    That said, Kishida’s problems with voters go way beyond areas the BOJ can influence, even if he could bend the central bank to his will. The sources of dissatisfaction with the government range from a national ID card, to the country’s low birth rate, to the handling of waste water from the Fukushima nuclear plant.

    But maybe all these caveats are immaterial. The link between the yen and inflation, and what this means to the government and the BOJ, is clear to see. Keeping tabs on opinion polls may be prudent until someone can show that they don’t matter.

    Tyler Durden
    Mon, 09/04/2023 – 23:00

  • A Manufactured Hate
    A Manufactured Hate

    Authored by Paul Gottfried via American Greatness,

    Thomas Klingenstein recently delivered a speech at the Claremont Institute that notes what should be obvious to most Americans. 

    According to Klingenstein, racism in the US is now a “manufactured” problem,” and this tawdry invention allows the Democrats and the Left to increase their power by addressing a problem that they themselves have stirred up. Although Klingenstein does not deny that isolated cases of discrimination against blacks may occur, he regards these situations as sporadic but also gleefully played up by Democratic politicians and their media handservants.

    When Joe Biden complains that white Americans are practicing “systemic racism” against blacks and that the US is being convulsed by white supremacist terrorists, he is clearly lying. But he and his handlers are acting as they do for a reason, which is not that they believe what they’re saying. They know that what they are loudly deploring will help shore up their party’s base consisting of the perpetually aggrieved. Black politicians who loyally serve the Democratic Party, like Sheila Jackson Lee, Cori Bush, Hakeem Jeffries, and Maxine Waters tell us breathlessly that white America is racist. Hearing this accusation may make their voters feel better about their social failures and even result in getting further government social programs targeted at inner cities.

    Far more astonishingly, the never-ending invectives against “racist” white Americans doesn’t seem to upset most white voters. White Democrats in particular don’t mind being stigmatized as racists. Most white Americans may object to high gas prices and rising housing costs, but being attacked as racists for most of them (and here we have to exclude most Trump voters) may be like rain off a duck’s back.  According to a Harris Poll taken last year, 53% of white Americans believe for sure their race is systemically racist.

    For me, this defamation of whites is a shameless lie. Not only are white Americans overwhelmingly not racist bigots, but they lick the feet of those who are making false charges against them. The question is why so many white Americans seem content in their role as penitent “systemic racists.” They show no displeasure when TV stations feature predominantly black actors, even in advertisements, sometimes to the near exclusion of whites, and when more and more of their “entertainment” focuses on black victimhood. Although most American whites do not yet obsess over their inherited racist sins, some of them fund blatantly antiwhite organizations like BLM and Antifa. Further, some particularly troubled whites even join those antiwhite riots sponsored by richer adherents of their bizarre creed.

    An obvious reason why some whites behave so masochistically or weirdly is that they are conforming to what they think is expected of them. Those who run corporations, educational institutions, the media, wokeified churches and the deep state all push antiwhite racism; and this poisonous product determines social behavior, and even pseudo-religious conviction. Although this toxin may do incalculable damage to race relations, education, and even our entertainment, it does not usually affect the lives of those who mouth the required gibberish, at least not too directly.

    Parents may grouse that their offspring are kept out of a prestigious school because of a racial quota. But they try not to make too much noise lest they hurt themselves socially or professionally. In any case their kids have access to other overpriced citadels of “higher education” if a particular university keeps them out to fill a quota. Obviously white house owners don’t want BLM or other violent “social justice” organizations rioting in their neighborhood. But as long as the residents keep garish BLM signs on their front lawns, they should be ok. The signs function in a way similar to the garlic sack or crucifix that was supposed to ward off vampires, according to Romanian legend.

    Another reason that antiwhite racism is such a hot item is that it comes fused with other leftist targets.

    Opponents of manufactured white racism are usually enemies of Christianity, “patriarchy,” and homophobia. Leftist bugaboos come in clusters. If you buy into one of the items, you are expected to take home the rest. I often receive letters from correspondents who insist that woke leftists really hate one of the stated targets on their list of villains but not really the other ones. It seems to me that the Left has made war on all their targets simultaneously.  

    And if you want to hang with the powerful and influential, you’re going to have to pay lip service to all their madness. Otherwise, you might be mistaken for a Trumpite. Lately I’ve been impressed by how my former colleagues and younger relatives who belong to our state church belabor the now-ritualized observation: “Of course there’s systematic racism in this country.”

    Although their message sounds like lunacy, I’m sure there are others with more influence than I have who will be pleased with this credal recitation.

    The larger question is how such a loathsome, masochistic state religion got established in the first place.

    Tyler Durden
    Mon, 09/04/2023 – 22:30

  • Beijing Is Ceding The Economic Race As Growth Slows
    Beijing Is Ceding The Economic Race As Growth Slows

    By George Lei, Bloomberg Markets Live reporter and strategist

    Forecasts for China’s 2023 and 2024 economic growth have been slashed on Wall Street over the past few weeks. The world’s second-largest economy now risks missing Beijing’s own growth target for a second straight year and could expand at a sub-5% pace for three years in a row — something unheard of since the death of Mao Zedong in 1976.

    Stalling growth will surely have longer-term geopolitical implications. Odds are stacked against President Xi, who pledged last year to make China a “medium-developed country” by 2035. That’s also the time when China could dethrone the US to become the world’s No. 1 economy, if the stars are aligned. Such a prospect, however, looks increasingly out of reach given the current trajectories.

    China’s strong growth and subsequent currency appreciation meant the country’s output, measured in dollars, has grown much faster than the US for over two decades. The nation’s GDP was around $1.2 trillion at the turn of the century, less than one-eighth of the US. Its share of US GDP climbed toward 70% in 2020 and topped 72% in 2021. That was comparable with Japan, whose dollar-denominated output reached almost 73% of US levels in 1995, before embarking on a downtrend ever since.

    Last year was a watershed moment as China’s relative economic might versus the US declined after the second quarter, when a two-month lockdown of Shanghai wreaked havoc on sentiment and dented growth momentum. The nation’s GDP rose $1.3 trillion in 2022, compared with a $2.1 trillion gain in the US, according to data compiled by Bloomberg. In the first half of 2023, Chinese GDP in dollar terms shrank — as the yuan lost almost 5% versus the greenback — while the US economy powered on, “opening a bigger gap in the global economic race” as my colleague Gerard DiPippo wrote. Chinese output as a share of the US now stands near 68%, on course for a second straight year of decline.

    At the October party congress, President Xi set the goal for China to become a “medium-developed country” by 2035, which implies doubling the size of its economy and per-capita GDP from 2020 levels, and requires an average annual growth rate of around 4.7%. The latest Bloomberg survey of economists saw Chinese output expanding 5.1% this year, before moderating to 4.5% in 2024 and 2025. Given last year’s 3% expansion, the four-year average between 2022 and 2025 will amount to less than 4.3%. That number is sure to fall if policymakers refrain from major stimulus and growth momentum keeps deteriorating.

    Two years ago, my colleagues Eric Zhu and Tom Orlik at Bloomberg Economics analyzed several scenarios and concluded that China will need 5%-plus growth as well as least a steady pace of reforms, and it also will need to avoid a full decoupling in order to economically dethrone the US in the next decade. Events since then have made their base case look optimistic, and the downside scenario more akin to reality. Beijing may choose to muddle through its present growth impasse and refrain from any “big bang” measures at the expense of never ascending to the pinnacle of the global economic competition.

    Tyler Durden
    Mon, 09/04/2023 – 21:30

  • "Intensity Models Show Big Development Late Week": All Eyes On The Atlantic As Hurricane Season Nears Peak 
    “Intensity Models Show Big Development Late Week”: All Eyes On The Atlantic As Hurricane Season Nears Peak 

    Gert and Katia remain active systems churning in the Atlantic, but a new tropical wave off Africa caught the attention of the National Hurricane Center

    As of Monday morning, Invest 95-L was several hundred miles southwest of Africa’s Cabo Verde Islands, with a 90% probability of tropical formation in the next seven days and 70% in the next two days. 

    “Showers and thunderstorms continue to show signs of organization in association with a tropical wave located several hundred miles southwest of the Cabo Verde Islands. Environmental conditions are forecast to be conducive for further development, and this system is expected to become a tropical depression around midweek,” NHC wrote in an early Monday morning update. 

    NHC continued, “Additional strengthening is likely late this week while the system moves westward to west-northwestward at 15 to 20 mph over the central and western portions of the tropical Atlantic.” 

    Meteorologist Eric Burris from WELSH, a local media outlet in Daytona Beach, Florida, posted on X that the tropical wave’s new models show a potential track toward the Northeast Caribbean. 

    https://platform.twitter.com/widgets.js

    Burris posted an intensity model that suggests the storm could reach Category 1 status on the Saffir-Simpson Hurricane Wind Scale by the end of the week. 

    https://platform.twitter.com/widgets.js

    The hurricane season is nearing the peak. 

    The meteorologist said even though the models point to the Caribbean islands and perhaps the US East Coast. Some models show it could turn north and stay out to sea. 

    Tyler Durden
    Mon, 09/04/2023 – 21:00

  • Disease-X Is A High-Return Business Strategy
    Disease-X Is A High-Return Business Strategy

    Authored by David Bell via The Brownstone Institute,

    Fearistan, having done very well economically and provided its citizens a long lifespan, noticed that people were still occasionally dying in road accidents. Fearistanis were wealthy and really liked the freedom to travel. While road deaths were uncommon, any unnecessary death surely seemed worth avoiding.

    The road-building industry, working closely with government, came up with the idea of building 6-lane highways between cities. Soon the big cities were all connected, and experts from the University of Transport proved that the new highways had a 7 percent lower accident rate than normal roads. University modelers predicted that if 6-lane highways were built between every town in Fearistan, they would save thousands of lives. Experts predicted that they would even save more lives than were actually dying on the existing roads.

    The country followed the experts (they were, after all, renowned for building roads) and invested in 6-lane highways everywhere. While the country exhausted itself and most people could not afford to drive their cars anymore, they were rightly grateful that the road-builders were saving them. The near empty roads were now almost completely accident-free, proving the experts right.

    Eventually, the road-building industry faced a dilemma; they were running out of towns to which roads could be built. This was not what their investors needed. Then the road regulator and the road-builders met and identified an urgent need to build roads to towns that did not yet exist. Fearistan had vast areas of empty desert that were completely open to town-building. When such towns were eventually built, experts predicted an inevitable and devastating tsunami of road accidents. This would return Fearistan to the total carnage from which they had so narrowly escaped years before. The new Town-X roads (as they termed them) were brilliant examples of high-tech road construction. And everyone could see how important this work was, to keep the public safe. 

    In public health, we follow a similarly important business model. We call it ‘Disease-X.’

    Understanding pandemic risk from infectious disease

    Humans suffered for millennia from pandemics or ‘plagues.’ These killed up to a third of some populations. While causes in some cases remain unclear, such as the Athenian plague of 430 BC, the major plagues since Medieval times were mostly bacterial; particularly bubonic plague, cholera, and typhus. 

    Bacterial pandemics ceased in late 19th century Europe with improved sanitation, and elsewhere after the addition of antibiotics. Most deaths from the pre-antibiotic Spanish flu outbreak in the early 20th century are also thought to be untreated secondary bacterial pneumonia. Cholera remains an intermittent marker of extreme poverty and social disruption, whilst most deaths from malaria, tuberculosis, and HIV/AIDS are associated with poverty, which restricts access to effective treatment.

    When indigenous populations long separated from the bulk of humanity encountered carriers of smallpox and measles, the effects were also devastating. Having no inherited immunity, whole populations were decimated, particularly in the Americas, Pacific Islands, and Australia. 

    Now the world is connected, and such mass death events don’t occur. Connectedness can be a strong defense against pandemics, contrary to what Disease X proponents claim, through its role in supporting early-age immunity and frequent boosting.

    These realities reflect orthodox public health but are poorly compatible with current business models. They are, therefore, increasingly ignored.

    A century of safety

    The past hundred years have seen two significant natural influenza pandemic events (in 1957-8 and 1968-9) and one major coronavirus outbreak (Covid-19) that appears to have arisen from gain-of-function research in a lab. The influenza outbreaks each killed less than currently die annually from tuberculosis, while the coronavirus outbreak was associated with mortality at average age above 75 years, with roughly 1.5 people per thousand dying globally.

    While the media fusses about other outbreaks, they have actually been relatively small events. SARS-1 in 2003 killed about 800 people worldwide, or less than half the number of children that die every single day from malaria. MERS killed about 850 people, and the West African Ebola outbreak killed about 11,300. Context here is important; tuberculosis kills over 1.5 million people every year while malaria kills over half a million children, and over 600,000 people die of cancer each year in the United States alone. SARS-1, MERS and Ebola may gain more media coverage than tuberculosis, but this is unrelated to actual risk.

    Why are we living longer?

    The reason behind increasing human lifespans is frequently forgotten, or ignored. As medical students were once taught, advancements came primarily through improved sanitation, better living conditions, better nutrition, and antibiotics; the same changes responsible for the reduction in pandemics. Vaccines came after most improvement had already occurred (with a few exceptions such as smallpox).

    While vaccines do remain an important addition, they are also of particular importance to pharmaceutical companies. They can be mandated, and together with the constant birth of children this provides a continuing, predictable, and profitable market. This is not an anti-vaccine statement. It is just a statement of fact. Facts are what health policy should be based on.

    So, we can be confident that, barring an intentional or accidental release of a pathogen engineered by humans, it is highly unlikely that a Medieval-style outbreak will affect anyone currently living. While poverty will reduce life expectancy, it will remain relatively high in wealthier countries. However, we can also be very confident that those half-million young children will die of malaria next year and that 1.5 million people, many of them children and young adults, will die of tuberculosis. 

    Over 300,000 women in low-income countries will also die agonizing deaths from cervical cancer because they cannot access cheap screening. We know this, because it happens every year – it is what international public health, particularly the World Health Organization (WHO), was supposed to prioritize.

    The ability to monetize an illusion

    The Covid-19 response demonstrated how the sponsors of international public health institutions have found a way to monetize public health. This business model involves promoting abnormal responses to relatively normal viruses. It employs behavioral psychology and media campaigns to instill inappropriate fear into the public, then ‘locking them down’ – prison terminology before 2020. The public may then regain a degree of freedom (e.g., fly to visit a dying relative, or work) if they agree to take a vaccine, which in turn directly benefits the original sponsors of the scheme. The heavy public investment in Covid-19 mRNA vaccine development enabled pharmaceutical companies and their investors to reap unprecedented returns.

    The major public-private partnership for vaccine development for pandemics, CEPI (inaugurated at the World Economic Forum in 2017), states that “The threat of Disease-X infecting the human population, and spreading quickly around the world, is greater than ever before.” 

    Health practitioners are quite susceptible to this propaganda (they are only human). Many also seek income from investments and patents from technologies that may help lock others down or make vaccine production quicker and cheaper. Basing their salaries and careers on loyalty to this pandemic industry, they join in vilifying and scapegoating those who speak against it. Shielded by their sponsors’ ‘greater threat than ever before’ claims, they can blind themselves to the major causes of ill health and act as if only pandemic risk matters.

    Why not rely on existing threats?

    Despite current efforts with yet another variant, Covid-19 is losing its ability to scare. Sustained fear is necessary for politicians in penetrated governments (as Klaus Schwab of the World Economic Forum notes) to provide this support. This business paradigm requires a continuing target. 

    The overall aim is for the public to think that only a corporate authoritarian (fascist) nanny-state can save them from a continuing threat.

    Major natural outbreaks being rare, and lab escapes also infrequent, Disease-X fills this need. It provides the material for the media and politicians to work with between variant or monkeypox events.

    Where to from here?

    For the public, diversion of resources to fairyland diseases will increase mortality by diverting funding for real threats and productive areas of investment. Of course, if increasing lab leaks of engineered pathogens are expected from ongoing and future research, that would be different. But then this would have to be explained plainly and transparently, and prevention may be more effective than a very expensive cure.

    Disease-X is a business strategy, dependent on a series of fallacies, dressed up as an altruistic concern for human welfare. Embraced by powerful people, the world they move in accepts amoral practice in public health as a legitimate path to their version of success. 

    If our primary aim is to channel taxpayer funding to development of biotechnologies that the public can then be mandated to buy, to their own detriment but at great benefit to the developers, then Disease-X is the road forward. This market model ensures that a relative few can concentrate wealth gained from the many, at virtually no risk to themselves. The public must decide whether they want to keep their part of this highly abusive bargain.

    Tyler Durden
    Mon, 09/04/2023 – 20:30

  • The Next Auto Repossession Wave Could Involve Robots Doing The Work For Banks 
    The Next Auto Repossession Wave Could Involve Robots Doing The Work For Banks 

    As more consumers default on credit card and auto loan payments, financial strain intensifies as the Federal Reserve’s interest rate hiking campaign stands at two-decade highs, potentially leading to a surge in vehicle repossessions. 

    A recent Moody’s report showed new credit card delinquencies hit 7.2% in the second quarter, up from 6.5% in the first quarter. As for new auto loan delinquencies, the rate topped 7.3%, compared with 6.9% in the first quarter. 

    Moody’s expects new credit card and auto loan delinquencies to continue “rising materially” through the rest of the year and top sometime in 2024 at 9% and 10%, compared with 7% pre-Covid. 

    “The increase in delinquencies and defaults is symptomatic of the tough decisions that these households are having to make right now — whether to pay their credit card bills, their rent or buy groceries,” Mark Zandi, chief economist at Moody’s Analytics, told The Washington Post. 

    weakening labor market and tapped-out consumers, some of whom have $1,000 monthly auto payments, are finding it difficult to pay not just shelter costs, put food on the table, but service their car payments. We’ve outlined to readers in the last three quarters“Massive Wave” Of Car Repossessions And Loan Defaults To Trigger Auto Market Disaster, Cripple US Economy and Negative Equity Surges: More Consumers Find Themselves In Underwater Auto Loans — and it’s only a matter of time before the repo wave begins. We noted in July that Repos From Auto Loans That Originated In 2020 And 2021 Are Skyrocketing

    “The Fed might look at this and say this is the whole purpose of raising rates, to make it more difficult” to make purchases, Zandi said, adding, “The bigger question is when the Fed will have succeeded in slowing down the broader economy, and how many consumers have to be impacted in a negative way.”

    Delinquency on auto loan payments is a sign that the Fed’s restrictive monetary policy might be working to quash inflation, which leaves the economy in a heightened period of macroeconomic uncertainty as low/mid-tier consumers appear to be financially cracking. 

    So, as per Moody’s report, auto loan delinquencies are set to rise even higher. In a world where robots are being integrated into every business model, we found one towing company in the UK using a robot to move illegally parked cars. 

    Although the video doesn’t show a repossession, a repo company can only imagine integrating robots into vehicle retrieval will provide much-needed relief to avoid unwanted confrontations with car owners. 

    //www.instagram.com/embed.js

    It’s only a matter of time before repo companies adopt these robots. 

    Tyler Durden
    Mon, 09/04/2023 – 20:05

  • SOCOM To Deploy Argus AI To Scour Social Media For Disinformation, Misinformation And Malinformation
    SOCOM To Deploy Argus AI To Scour Social Media For Disinformation, Misinformation And Malinformation

    Authored by Sundance via The Conservative Treehouse,

    Annnd… Here we go.  If you have not read the background {Go Deep}, you will not have the appropriate context to absorb the latest revelation about how the Dept of Defense will now conduct online monitoring operations, using enhanced AI to protect the U.S. internet from “disinformation” under the auspices of national security.

    Gee, who would have predicted that U.S. internet operations would suddenly have a totally new set of enhanced AI guardians at the gateways? 👀

    Read Carefully – Eyes Wide Open:

    The US Special Operations Command (USSOCOM) has contracted New York-based Accrete AI to deploy software that detects “real time” disinformation threats on social media.

    The company’s Argus anomaly detection AI software analyzes social media data, accurately capturing “emerging narratives” and generating intelligence reports for military forces to speedily neutralize disinformation threats.

    “Synthetic media, including AI-generated viral narratives, deep fakes, and other harmful social media-based applications of AI, pose a serious threat to US national security and civil society,” Accrete founder and CEO Prashant Bhuyan said.

    “Social media is widely recognized as an unregulated environment where adversaries routinely exploit reasoning vulnerabilities and manipulate behavior through the intentional spread of disinformation.

    “USSOCOM is at the tip of the spear in recognizing the critical need to identify and analytically predict social media narratives at an embryonic stage before those narratives evolve and gain traction. Accrete is proud to support USSOCOM’s mission.”

    But wait… It gets worse!

    [PRIVATE SECTOR VERSION] – The company also revealed that it will launch an enterprise version of Argus Social for disinformation detection later this year.

    The AI software will provide protection for “urgent customer pain points” against AI-generated synthetic media, such as viral disinformation and deep fakes.

    Providing this protection requires AI that can automatically “learn” what is most important to an enterprise and predict the likely social media narratives that will emerge before they influence behavior. (read more)

    Now, take a deep breath…. Let me explain.

    The goal is the “PRIVATE SECTOR VERSION.”  USSOCOM is the mechanical funding mechanism for deployment, because the system itself is too costly for a private sector launch. The Defense Dept budget is used to contract an Artificial Intelligence system, the Argus anomaly detection AI, to monitor social media under the auspices of national security.

    Once the DoD funded system is created, the “Argus detection protocol” – the name given to the AI monitoring and control system, will then be made available to the public sector.  “Enterprise Argus” is then the commercial product, created by the DoD, which allows the U.S. based tech sectors to deploy.

    The DoD cannot independently contract for the launch of an operation against a U.S. internet network, because of constitutional limits via The Posse Comitatus Act, which limits the powers of the federal government in the use of federal military personnel to enforce domestic policies within the United States.  However, the DoD can fund the creation of the system under the auspices of national defense, and then allow the private sector to launch for the same intents and purposes.   See how that works? 

    RESOURCES:

    Using AI for Content Moderation

    Facebook / META / Tech joining with DHS

    Zoom will allow Content Scraping by AI 

    AI going into The Cloud

    U.S. Govt Going into The Cloud With AI

    Pentagon activates 175 Million IP’s 👀**ahem**

    Big Names to Attend Political AI Forum

    Tyler Durden
    Mon, 09/04/2023 – 19:40

  • "The Way To Beat The End Boss": Chamath Palihapitiya Praises Tesla's Aggressive Price Cutting
    “The Way To Beat The End Boss”: Chamath Palihapitiya Praises Tesla’s Aggressive Price Cutting

    Canadian VC and self-labeled “SPAC Jesus” Chamath Palihapitiya was out over Labor Day weekend praising the speed and aggressiveness of Tesla’s price cuts, which we have been documenting at length since the beginning of 2023. 

    Praising Musk and Tesla, Palihapitiya tweeted out a chart of Tesla’s most recent price cuts, stating: “I was shocked when I saw this chart. The speed and aggressiveness with which $TSLA is cutting prices is the way to beat the End Boss. (Rapidly increasing price affordability) x (constantly improving hardware and software) = super maximized market demand.”

    “This is a lethal combination which we haven’t seen play out in any modern market before,” he added. 

    “Some companies cut prices, but most keep prices flat or increase them,” he added. “Some companies improve products quickly. But no one has actually given you more for less on such a big ticket purchase so frequently.”

    Tesla’s recent price cuts have been a topic of discussion since January because, so far, they have been effective in spurring demand and putting pressure on legacy automakers. Tesla continues to make aggressive cuts, as we wrote about just days ago

    Tesla cut prices on its Model S Plaid vehicle in China most recently, to 828,900 yuan from 1.03m yuan, a cut of about 19%. Bloomberg reported last week that Tesla was also cutting the price of its Model S to 698,900 yuan from 808,900 yuan, its Model X to 738,900 yuan from 898,900 yuan and its Model X Plaid to 838,900 yuan from 1.06m yuan.

    These cuts followed additional price cuts in China that took place only about two weeks ago. Recall we reported on August 16 that Tesla’s Model S price was being cut 6.7% to 754,900 yuan ($103,477) from 808,900 yuan prior and the company’s Model X was priced 6.9% lower at 836,900 yuan, down from 898,900, according to Reuters

    Earlier in August, news broke that Tesla was adding new, lower-range iterations of its Model S and Model X that would be priced $10,000 lower than previous base prices, Yahoo reported. The standard range Model S will start at $78,490 and will offer 320 miles of range and the standard range Model X will now be priced $88,490 and will have a range of 269 miles per charge, the report says. 

    Tyler Durden
    Mon, 09/04/2023 – 19:15

  • The Economist Who Cried Recession
    The Economist Who Cried Recession

    By Peter Tchir of Academy Securities

    In the fairy tale, the boy who cried wolf was ultimately right, but no one listened by the time that the wolf was there. Too many mistakes led the villagers to doubt the boy, so they didn’t respond to the actual warning.

    I, like many economists, expected a recession earlier this year. I had to back off those calls as the data continued to come in better than expected. Any signs of the “lagged and variable” impact of rate hikes didn’t seem to materialize. Additionally, those who had doubted the recession got more confident and those still considering that a recession was possible had to reconsider. As all of this was occurring, the “soft landing” mantra took over.

    According to Google trends, “soft landing” started seeing increased interest in early July and peaked the week of August 20th. It has dropped steadily since then, and maybe it is time to start questioning how soft the landing will be.

    As we go through some data, you will see that it is not clear to me that we are destined to have some form of a recession, but I do think that we better be prepared to listen to any potential warnings. The villagers ultimately lost their flock because they didn’t listen when they should have. Maybe we need to be thinking about that possibility.

    For now, I like owning bonds and stocks. I think that the recent run-up in rates (which have already started to come down) will continue to come down, which will help risk assets (stocks and credit spreads).

    But, for the 10-year yield to get below 3.9%, it is going to require some recession fears to surface, which will not be good for stocks.

    Lies, Damned Lies, and Statistics

    Just two weeks ago, we highlighted Lies, Damned Lies, and Statistics. In this report, we tried to identify some potentially “confusing” data.

    While some short-term trends in consumer credit are concerning, they don’t appear to be so bad in the long run. Which trend will win out?

    The China trade isn’t working and my belief (increasing in intensity almost daily) is that any major improvement in China will come at the expense of the U.S. (China selling their brands or pushing commodity prices higher – see China’s Next Move).

    Generative AI seems to be helping risk assets again (based on some market leaders), but for how long?

    If you missed our inaugural X Report, I recommend it because it is an intriguing take on AI and space.

    Jobs

    We touched on jobs in that report, and we had to mention “recession” in Friday’s instant reaction to the jobs data. Overall, we characterized the report as “Goldilocks”, but the fine line between a healthy and unhealthy slowing of the economy may be difficult to see ahead of time. Maybe those who need jobs are sensing that it is more difficult to find one, so they better start looking now.

    The Sahm Rule (I still don’t understand why economists insist on calling things “rules” that are at best conjectures) states that the U.S. is in a recession if the 3-month moving average of the unemployment rate rises by 0.5% or more from its 12-month low. The 3-month low was 3.5% at the end of April and is currently at 3.65% (so only a 0.15% increase). One thing about the Sahm Rule is that it supposedly doesn’t predict anything. It just tells us that we are likely already in a recession if the rise occurs.

    JOLTS was weak across the board. The PMI data, which came in better than expected overall, still signaled a contraction.

    The jobs data seems to fit well into the “economist who cried recession” theme as the data isn’t yet recessionary (not by a long shot), but the trend is not your friend here.

    Et Tu, Covid?

    I hoped never to have to think about COVID again, but I am hearing from people (who aren’t typically alarmists) that this new strain is something to watch. A new strain (that may have mutated so much that earlier vaccinations are less effective) could be problematic. The fact that it is ramping up as we head into the winter months could be another problem.

    Could this new strain slow down the return of “work from office”?

    I have felt that increased pressure to be in the office will help commercial real estate, which in turn helps the banks and the broader market. I’m keeping an eye out for any signs that this trend, which is gaining traction, gets derailed.
    Wanting to ignore Covid and being able to ignore it are two different things. For now, I’m watching it mostly because the warnings that I’ve heard are not from the people who cried wolf at every stage of the pandemic.

    India

    I need to do more work on this, but the “commodity super cycle” risk that I associate with a rapidly rising India seems to be generating more interest. It is far from my base case, but increasingly it seems difficult to fathom that we talk so much about inflation and so little about India. It is the most populous nation on earth and has a business sector that is benefitting from companies moving out of China.

    Bottom Line

    I like being long bonds and risky assets until the 10-year goes below 3.9%. By then, any squeeze should be over, and we can go back to fretting about the Fed and “higher for longer” and could see a resurgence of hard landing stories.

    I’m not crying recession yet, but I’m sensing that I soon will be.

    Tyler Durden
    Mon, 09/04/2023 – 18:50

  • Biden 'Not Worried' About Major UAW Strike On Automakers 
    Biden ‘Not Worried’ About Major UAW Strike On Automakers 

    President Biden on Monday expressed that he wasn’t too concerned about the growing possibility of a labor strike from the United Auto Workers’ 146,000 members. They’re seeking a 46% salary hike, a 32-hour workweek, and restoration of traditional pensions from Detroit’s big three legacy automakers. 

    “I’m not worried about a strike. I don’t think it’s going to happen,” Biden told reporters ahead of his Labor Day appearance in Philadelphia. He is expected to celebrate good-paying unionized jobs, a move to continue the ‘Bidenomics’ promotion ahead of the 2024 presidential election cycle.

    General Motors Co., Ford Motor Co., and Stellantis NV, maker of the Jeep and Chrysler brands and the UAW have until Sept. 14 to finalize a new four-year contract for union workers. Even UAW’s own president called demands “audacious” in a Facebook live video last week. 

    “Record profits mean record contracts. 

    “While big execs have used those extreme profits to pump up their pay, our members have fallen further and further behind. … The rich are getting richer while the rest of us are getting left behind,” UAW President Shawn Fain said. 

    Here are more of Fain’s “audacious” demands (list courtesy of Detroit Free Press): 

    • elimination of wage tiers

    • substantial wage increases

    • restoration of cost of living allowance increases

    • defined benefit pension for all workers

    • reestablishment of retiree medical benefits

    • the right to strike over plant closures

    • limits on the use of temporary workers

    • more paid time off

    • increased benefits to current retirees

    The Detroit News has described the demands as “the largest pay increase in recent memory.” 

    With a Sept. 14 deadline less than two weeks away, we have noted, “Automakers have historically resisted significant pay increases, especially this unusually large one.”

    Biden had previously urged Detroit’s big three legacy automakers to avoid plant closings if strikes were seen. 

    A recent Gallup survey revealed that approximately 75% of Americans favor auto workers and Hollywood film writers’ strikes.

    Source: Statista 

    The sweetheart deal Teamsters got their workers at UPS appears to have emboldened other unions to do the same: strike. But as BofA CIO Michael Hartnett recently told clients (available to pro subscribers) in the latest weekly Flow Show, inflation appears to be stickier than previously believed because of the growing influence of labor unions. 

    Hartnett makes another tangent on why reflation is bound to be far stickier than the Fed expects, and it has to do with wages, and specifically the growing influence of labor unions: after the teamsters recently reached an agreement with UPS, which among other things included massive pay raises for both part-time and full-time workers, we are seeing strikes galore and labor unions aggressively negotiating for double-digit wage increases. The culmination of this is that, as Hartnett notes, a net 44% of Americans now support labor unions, the highest since ’72…

    Let the strike countdown begin — unless there’s a labor contract breakthrough between UAW and the automakers. 

    Tyler Durden
    Mon, 09/04/2023 – 18:25

  • Round Two Of A Foreign-Backed Plot To Fragment Syria
    Round Two Of A Foreign-Backed Plot To Fragment Syria

    Via The Cradle, 

    Thirteen years after the onset of the war on Syria, a domestic political eruption backed by foreign states has resurfaced, threatening to once again ignite conflict in the country despite years of relative calm. Economic woes today underpin the public grievances expressed on the street. The much-heralded May 2023 reinstatement of Syria in the Arab League has thus far failed to deliver any significant political or economic relief for the beleaguered Levantine state. 

    Instead, Syria’s economy continues to deteriorate with the devaluation of the national currency against the dollar. Concurrently, a renewed US initiative to partition and weaken Syria is gaining traction, as Washington strives relentlessly to undermine Damascus’ centrality as a pivotal regional state and geopolitical player.

    AFP via Getty Images

    Underpinning all this is stifling western unilateral economic sanctions imposed on Syria, as well as the territorial encroachments of US, Turkish, and Israeli military forces. 

    The illegal occupation of Syrian lands, coupled with the loss and theft of vital oil, water resources, and agricultural bounty by foreign occupation troops and their local proxy militias, further compounds the crisis, as does the recurrent Israeli aggression and missile strikes targeting Syrian infrastructure. 

    Within the context of all this devastation, some tough-love decisions made by the central government in Damascus have unsurprisingly ignited a fresh wave of protests that have now assumed a distinctly “separatist” character.

    SDF backs Suwayda secession

    The initial protests emerged in Syria’s Suwayda governorate following the removal of fuel subsidies, which caused a hike in public transportation costs and raw material prices. These grievances rapidly evolved into political demands, centering on the implementation of UN Security Council Resolution 2254 and policies of decentralization. 

    The latter concept implies a form of “self-administration” akin to the separatist Kurdish Autonomous Administration that receives support from the US in the northeastern region of the country.

    The Syrian Democratic Council (SDC), representing the political arm of the Kurdish-led Syrian Democratic Forces (SDF) – bolstered by the US military occupation and the cover it provides – has overtly endorsed the Suwayda protests and their transformation from socio-economic aspirations into calls for secession

    The SDF openly seeks to attract western assistance to replicate its Kurdish self-governance model – but in Suwayda. Importantly, this isn’t the first time the SDF has attempted to exert political influence in Suwayda. In 2019, amidst ISIS assaults on the southern governorate, the SDF pursued relations with Druze leaders, engaging in both public and secret talks to garner support for the self-governance initiative in Suwayda.

    The initial protests in Suwayda were modest in scale, and attempts by Syrian government opponents to portray these as a massive uprising fell short. The numbers involved continue to be small in comparison to Suwayda’s total population, and have thus far failed to incite a broader nationwide wave. 

    Comparisons with the 2011 uprisings  

    Others tried to ride the Suwayda momentum. In the north of the country, at the very same time, Al-Qaeda affiliate Hay’at Tahrir al-Sham (HTS) began to organize large-scale demonstrations in various cities and villages under its control in Idlib province – again, drawing parallels to the 2011 events that led to the Syrian war

    https://platform.twitter.com/widgets.js

    In the southern governorate of Daraa, which borders Jordan, armed individuals took to the streets and launched attacks on a number of army positions, but these were rapidly quelled. In Suwayda, security forces monitored the movements without immediate reaction. 

    Today, the momentum of the protests has dwindled, and the situation across other governorates remains largely unchanged despite a rush of rumors about a potential reenactment of the 2011 events.

    A Syrian security source informs The Cradle that Druze spiritual leader Sheikh Hikmat al-Hijri played a pivotal role in Suwayda’s narrative shift from local demands to separatist aspirations. His discord with the Syrian government has led him to establish ties with parties in the Persian Gulf, while internally fostering support for Suwayda’s separation. However, Hijri has since backed off, reiterating the need to preserve the unity of Syria and supporting the legitimacy of the government in Damascus.

    According to the source, some local factions in Suwayda support “the process of transforming the protest movement into demands for secession, such as the traditional opposition close to the coalition, the so-called Ahrar al-Jabal movement, the Karama faction led by Sheikh Laith al-Balous and some smuggling gangs.” 

    After the protests spread in Suwayda and Daraa, participants demanded decentralization and the implementation of UN Resolution 2254 to end the 12-year war in Syria.

    Not a populist movement 

    Some clerics and “local factions” in Suwayda have expressed solidarity with the protesters’ demands, and local news outlets have described the protests as “civil disobedience.” But the clerics do not speak with one voice, as some refuse to turn the demands into political ones, a development which reportedly prompted Sheikh Hijri to tone down his separatist rhetoric.

    One website quoted an unnamed source as saying that “the slogans raised in all villages and towns of Suwayda carry political ideas far from economic demands, most notably the overthrow of the regime.” 

    Samira Moubayed, a member of the Syrian Constitutional Committee representing the civil society bloc, told North Press that “the movement will continue until security is achieved in southern Syria. This is part of the process of political change needed and necessary across Syria.” 

    This narrative introduced a regional aspect, positioning “the security of southern Syria” as distinct from that of Damascus and its surroundings. Riad Drar, co-chair of the SDF, countered this view more explicitly, asserting that Kurdish separatists endorse the popular movement and maintain direct communication with its leadership in the south.

    Drar urged protest leaders to safeguard the movement, liaise with Syrian territories outside Damascus’ control, and establish collaborative initiatives with northeastern Syria. He also offered up the US-backed Kurdish administration as a conduit to galvanize international support for a southern secessionist movement.

    The HTS-SDF crossover  

    The US role in Syria’s southern governorates is still unclear, unlike its overt military and financial roles in the country’s north. In June, Syrian opposition media outlets aligned with Turkiye disclosed a US-supported plan to integrate areas controlled by HTS in northwestern Syria with territories directly governed by the Turkish occupation army in the north (northern Aleppo countryside and parts of Raqqa and Hasakah countryside), as well as the Kurdish separatist domains in northeastern Syria, all under a single civilian administration.

    HTS has shown that it is willing to establish channels of communication with the SDF when common economic interests emerge. Confidential sources told Syria TV at the time that HTS had hosted several delegations from al-Hasakah in recent months, including security leaders from the SDF. 

    The talks touched on the possibility of forming a joint civilian administration between the two parties, if HTS gains control over areas held by the Turkiye-backed Syrian National Army (SNA) – previously known as the Free Syrian Army. The SDF, for its part, indicated that the US supports the unification of the northeastern and northwestern regions of Syria.

    In a revealing investigation for The Grayzone, journalist Hekmat Aboukhater detailed discussions within the Syrian opposition “lobby” in the US, where a former US official discussed the scenario of Syria’s division. This envisaged creating a “canton” in the northwest of the country under the administration of HTS, albeit with a different name to disassociate the group from its Al Qaeda origins.

    Earlier this month, HTS accused its second-in-command Abu Maria al-Qahtani, of unauthorized communication with the US-led “International coalition.” Qahtani was purportedly attempting to expand into areas controlled by the so-called SNA and the “eastern sector” within the organization. 

    Rebranding Al Qaeda, yet again  

    A Syrian security source tells The Cradle that this raised concerns within a faction of Turkish intelligence linked directly to HTS, which seeks to oversee the group’s activities and avoid involvement in US-led projects

    The actual intention, says the Syrian security source, is to rebrand the organization and reshape its structure, potentially for eventual integration into the Turkish-backed “SNA” confab, followed by discussions with the international coalition or other entities. It is worth noting that HTS has undergone several re-inventions, having previously been known as Jahbat al-Nusra, and, before that, Al Qaeda.

    Meanwhile, on Syria’s eastern border, the SDF has denied participating in military campaigns targeting the bordering (with Iraq) city of Albu Kamal in cooperation with US forces, but the recent visit of former US Secretary of Defense Christopher Miller to its areas suggests otherwise.

    Despite himself being illegally in Syria, Miller called for supporting stability in the region, and discussed with the Autonomous Administration the limitations it faces, the threats against it, and the necessity of supporting it economically and politically, according to a statement by the Department of Foreign Relations.

    Dogged pursuit of de facto division

    On August 27, a high-level delegation from the US Congress visited the Turkish-occupied areas in northwestern Syria, particularly the northern countryside of Aleppo. This visit seems to confirm Washington’s intentions to establish a de facto presence in Syrian territory. Concurrently, the Saudi newspaper Asharq Al-Awsat published a report detailing a Turkish project aimed at the Turkification of northern Syria, which involves teaching the Turkish language to approximately 300,000 Syrian children.

    These developments collectively raise the possibility of the US administration supporting efforts to “impose a reality” that could lead to the division of Syria. This prospect could gain traction amid the economic challenges faced by Syria, the waning authority of the central state, and Ankara’s determination to remain in Syrian territory while engineering local demographics. 

    Turkiye has been constructing cities for refugees with Qatari funding, a move that lays the groundwork for scenarios similar to what’s transpiring in Suwayda – and mirroring the model of the US-funded Kurdish Autonomous Administration. Given the existing security, military, and political landscape in Syria, it becomes evident that returning to the 2011 model of popular protests, which eventually transformed into an armed rebellion, remains an uphill task for the US and its allies. 

    Despite their inability to overthrow the government through military means, these actors – comprising the US, its European partners, Turkiye, Qatar, and Israel – remain undeterred in pursuing a de facto division of Syria. 

    Their strategy entails surrounding and economically strangling key areas under the control of the central government in Damascus. Although this may not immediately threaten the government’s stability, it poses an existential threat to the integrity of the Syrian state itself.

    Tyler Durden
    Mon, 09/04/2023 – 18:00

  • US Sanctions Fail Again: Huawei Unveils New Smartphone With Its Own Advanced Chip
    US Sanctions Fail Again: Huawei Unveils New Smartphone With Its Own Advanced Chip

    Huawei Technologies Co., which has faced several years of US semiconductor sanctions, unveiled a new smartphone with a cutting-edge 7-nanometer processor in China. While this processor matches the performance of Apple’s iPhones from 2018, it raises questions about the effectiveness of US sanctions in curbing China’s progress in chip technology. There are concerns this development could enrage Washington. 

    Bloomberg purchased a Huawei Mate 60 Pro. The handset was delivered to TechInsights for a complete teardown. They found a new Kirin 9000s chip manufactured in China by Semiconductor Manufacturing International Corp. 

    TechInsights said SMIC had used existing equipment and applied its second-generation 7-nanometer process, known as the N+2 node, to manufacture the Kirin 9000s chip for the Mate 60 Pro. This phone with the new chip is on par with Apple’s iPhones launched in 2018. Currently, iPhone chips are made by the Taiwan Semiconductor Manufacturing Company, using a 4-nanometer process. 

    The Mate 60 Pro is powered by a new Kirin 9000s chip that was fabricated in China by SMIC.Photographer: James Park/Bloomberg

    The unveiling of Mate 60 Pro with the new chip shows China’s advancements in areas such as artificial intelligence and semiconductors have yet to be hindered by US sanctions and suggests the world’s second-largest economy still has a lot of room to innovate. 

    “It’s a pretty important statement for China,” TechInsights Vice Chair Dan Hutcheson said, adding, “SMIC’s technology advances are on an accelerated trajectory, and appear to have addressed yield-impacting issues in their 7nm technology.”

    Paul Triolo, the technology policy lead at the Washington-based business consulting firm Albright Stonebridge Group, told The Washington Post, “This development will almost certainly prompt much stronger calls for further tightening of export control licensing for US suppliers of Huawei, who continue to be able to ship commodity semiconductors that are not used for 5G applications.” 

    China’s official broadcaster, CGTN, in a post on X, formerly known as Twitter, said this is “Huawei’s first higher-end Kirin processor since 2020 after the US government restricted American businesses from selling their products or services to Huawei.” 

    https://platform.twitter.com/widgets.js

    “Huawei breaks free from US tech blockade,” The Global Times, a state-run communist newspaper in China, posted on X. We have reported: Huawei To Dodge US Sanctions With ‘Secret’ Network Of Chip Factories

    https://platform.twitter.com/widgets.js

    SMIC shares in Hong Kong rose 6.1% on the new chip news. 

    In mid-Sept., Apple is expected to begin taking preorders for new iPhones built with 3-nanometer chips. Even though Mate 60 Pro is at 7-nanometer, the point is that Washington’s sanctions are failing to cripple China’s chip development.

    … where else in the world have we seen US sanctions fail to paralyze countries? Ah, yes, Russia. 

    Tyler Durden
    Mon, 09/04/2023 – 17:35

  • Chicago Teachers' Union President, Hater Of Private Schools And School Choice, Reportedly Sends Child To Private School
    Chicago Teachers’ Union President, Hater Of Private Schools And School Choice, Reportedly Sends Child To Private School

    By Mark Glennon of Wirepoints

    Stacy Davis-Gates is undoubtedly Illinois’ most prominent and rabid opponent of school choice — and pretty much everybody and everything associated with it, all of which she labels racist or worse. As president of the Chicago Teachers Union, she is at the forefront of its campaign to kill Illinois’ meager Invest in Kids Act, which currently gives about 9,000 disadvantaged kids scholarships to attend private schools. “It must be ‘game over’” for the program, the CTU says.

    But, as initially reported** by SubX News, she sends one of her kids to to Chicago’s De La Salle Institute, a private, Catholic high school.

    CTU Pres. Stacy Davis-Gates and the De La Salle logo

    Consider that in light of some of what she has said against providing needy parents with the means to attend a private school like De La Salle through school choice programs [emphasis is added]:

    I’m also a mother, my children go to the Chicago public school,she said in a webinar. “These are things that help to legitimize my space within the coalition but also helps to amplify my voice as a leader in labor because a white dude whose kids go to school in the suburbs can’t really have that same voice in the same way.”

    When asked in an interview if she had concerns about school-choice and privatization supporters running for the school board, she said, “Yes, we are concerned about the encroachment of fascists in Chicago. We are concerned about the marginalization of public education through the eyes of those who’ve never intended for Black people to be educated. So we’re going to fight tooth and nail to make sure that type of fascism and racism does not exist on our Board of Education.”

    I can’t advocate on behalf of public education and the children of this city and educators in this city without it taking root in my own household,” she told Chicago Magazine.

    On Twitter, she has said things like “School choice was actually the choice of racists. It was created to avoid integrating schools with Black children.” Private schools areSegregation Academies,” she wrote on Twitter. “Call them private schools supported by taxpayer funds – vouchers – so your northern cousins understand better,” she said. And she linked to an article titled “The Racist Origins of Private School Vouchers.”

    De La Salle, where Davis-Gates sends one of her three kids, has long been a diamond in the rough of Southside high schools. But with tuition at $14,750 per year, it’s open only to those with some means, like Davis-Gates, and the few who are fortunate enough to get financial help.

    School choice is about getting that help to more of the poor –- creating equality of choice with those who have means. The Invest in Kids Act does that, though for too few students thanks to its paltry funding. Davis-Gates’ opposition to it and her statements about private schools, all while constantly claiming status as the poor’s heroine, are hypocrisy at its most revolting.

    In a Chicago mayoral endorsement of Brandon Johnson, she wrote she picked somebody who “values my intersections.”

    Her “intersections” include two faces.

    ** I have reached out to CTU for confirmation that Davis-Gates has a child enrolled in a private school and will update if I get a response. Numerous entries on Twitter have also asked her to respond, but no answers as of the time I wrote this.

    Tyler Durden
    Mon, 09/04/2023 – 17:10

  • Biden Built 'Predictable' Loophole That Resulted In Flood Of Illegal "Family Units" Into US
    Biden Built ‘Predictable’ Loophole That Resulted In Flood Of Illegal “Family Units” Into US

    A change made to US immigration policy by the Biden administration led to a “predictable” rise in the number of “family units” attempting to cross into the US border.

    Based on a new report of preliminary Customs and Border Patrol (CBP) data, August was the highest month this year for overall migrant encounters – hitting 91,000. Policy experts say that was ‘entirely predictable’ due to a rule change which exempted ‘family units’ from being automatically denied asylum.

    “Notwithstanding the administration’s claim that they are refusing to consider asylum claims from people encountered between ports of entry, the rule they adopted has huge loopholes. Among those explicitly exempted are family units,” said Ira Mehlman, a spokesperson for the Federation for American Immigration Reform (FAIR), in a Friday statement to Just the News.

    So, guess what? We are seeing a surge in family units crossing the border illegally and it is not even clear if they really are family units. As we have seen in the past, there have been rent-a-kid schemes to help people take advantage of the laxer rules that apply to adults accompanied by children. The record number of family units encountered at the border was entirely predictable,” he added.

    Since May, immigrants seeking asylum at the U.S. border have been able to request appointments, up to 1,450 per day, CPB says, with immigration officials using the CBP One smartphone application

    Mark Krikorian, executive director of the Center for Immigration Studies, told Just the News that the immigrants who use the CBP One app to schedule appointments still have to make it to the border somehow. -Just the News

    “They still have to pay smugglers to get here and the whole thing is a boon for alien smugglers,” said Krikorian. “It’s supposed to only be for people who have made it to Mexico already and even that’s bad enough, because you have to pay a smuggler to get there but the smugglers have figured it out. They’re actually using it.”

    Krikorian also says that the increase in family units was predictable due to current DHS policy.

    “I don’t know what the administration thought was going to happen,” he continued.

    Hilariously, the White House is now claiming that President Joe Biden has “done more” to secure the border “than anybody else.”

    https://platform.twitter.com/widgets.js

    Secure it for who, exactly?

    According to the CBP, a family is defined as “group of two or more aliens consisting of a minor or minors accompanied by his/her/their adult parent(s) or legal guardian(s).”

    Last Thursday, the Washington Post reported that the number of family units seeking entry into the US hit a record high in August.

    The Post reports that the US Border Patrol “arrested at least 91,000 immigrants who crossed as part of a family group in August, exceeding the prior one-month record of 84,486 set in May 2019.”

    And how many didn’t they arrest?

    Tyler Durden
    Mon, 09/04/2023 – 16:45

  • Drunk Drivers Causing Parental Deaths Now Liable For Child Support In Texas
    Drunk Drivers Causing Parental Deaths Now Liable For Child Support In Texas

    Authored by Mimi Nguyen Ly via The Epoch Times,

    Drunk drivers who are convicted of intoxication manslaughter will now need to pay child support if they kill a parent or guardian of a child in a car crash, according to a new Texas law that went into effect on Sept. 1.

    The law was a bipartisan bill that Gov. Greg Abbott, a Republican, signed in June.

    “Any time a parent passes is tragic, but a death at the hands of a drunk driver is especially heinous,” Mr. Abbott said at the time.

    “I was proud to sign HB 393 into law this year to require offenders to pay child support for the children of their victims.”

    Advocates of the law view it as a way to discourage drunk driving.

    Under the law, Texas House Bill 393, the court shall order a person convicted of intoxicated manslaughter “to pay restitution for a child whose parent or guardian was the victim of the offense.”

    “[T]he court shall determine an amount to be paid monthly for the support of the child until the child reaches 18 years of age or has graduated from high school, whichever is later,” text of the legislation reads.

    The court will weigh several factors when deciding the restitution amount, such as the child’s financial situation and needs. If relevant, the finances of the surviving parent, guardian, or the Department of Family and Protective Services will be taken into account. The child’s standard of living, overall well-being, and any childcare costs due to a working surviving parent will also influence the decision.

    Intoxicated manslaughter in Texas has a potential penalty of up to two decades in prison.

    The person convicted of intoxicated manslaughter must start the child support payments within one year of being released. They can make a plan for the missed payments and must pay everything they owe, even if the payment was supposed to end while they were in jail.

    The payments will continue until each child of the victim turns 18.

    ‘Bentley’s Law’

    The law has been nicknamed “Bentley’s law.” It was created by Cecilia Williams, a Missouri woman who lost her son, daughter-in-law, and four-month-old grandson in a crash that involved a drunk driver on April 13, 2021.

    “I got up out of bed to an officer and a state trooper standing at my door,” Ms. Williams told KSDK-TV in an interview in August 2022.

    “They repeatedly told me that they had died in a fiery crash.”

    Ms. Williams said in a statement on the website of Mothers Against Drunk Driving (MADD): Bentley’s Law was created out of a tragedy that has affected the lives of two beautiful boys, Bentley and Mason, and the lives of our family. These crashes are totally preventable, and I will continue to fight for change for all who have suffered from impaired drivers. Many families like mine suffer such a loss every second of every day, and Bentley’s Law will bring change to hold the offender accountable for such horrific actions.”

    A police officer administers a breathalyzer test to a man at a sobriety checkpoint. (Justin Sullivan/Getty Images)

    Tennessee became the first state to pass “Bentley’s Law” in July 2022.

    Similar laws are being considered in over 20 other states.

    Drunk Driving in Texas

    Texas has among the worst rates of drunk driving in the nation, ranking third according to a Forbes analysis in late 2022. Montana has the highest rate, followed by Wyoming.

    According to the analysis, Texas has the most underage drunk drivers involved in fatal crashes at approximately 1 per 100,000 residents.

    More than 8 drunk drivers per 100,000 were involved in fatal crashes, the second-highest number behind Montana, the report showed.

    And nearly 40 percent of all traffic fatalities in the state were caused by drunk drivers.

    Tyler Durden
    Mon, 09/04/2023 – 16:20

  • Orange Man Disqualified? Adam Schiff Talks 14th Amendment
    Orange Man Disqualified? Adam Schiff Talks 14th Amendment

    Without outright saying so, Democrats have made no secret that their endgame with the various Trump prosecutions is to get him kicked off the 2024 ballot.

    To that end, Rep. Adam Schiff (D-CA) said on Sunday that a legal argument to disqualify the former president is “valid,” and that the part of the amendment that bans those who have “engaged in insurrection” from holding elected office “fits Donald Trump to a T.”

    Appearing on MSNBC, Schiff told former Biden Spox Jen Psaki that the 14th Amendment doesn’t even require someone to actually be convicted of insurrection in order to be barred from holding public office – only that they must have engaged in it.

    I think it is a valid argument. The 14th Amendment, Section 3 is pretty clear. If you engage in acts of insurrection or rebellion against the government, or you give aid and comfort to those who do, you are disqualified from running,” said Schiff. “It doesn’t require that you be convicted of insurrection. It just requires that you have engaged in these acts.”

    Of note, Democrats have floated using another section of the 14th Amendment to raise the debt ceiling.

    “It’s a disqualification from holding office again, and it fits Donald Trump to a T,” Schiff continued, adding that he imagines this legal theory could either be tested by a secretary of state, or a plaintiff challenging Trump’s name on the ballot – and that he expects the issue to potentially make it all the way to the Supreme Court.

    “I think this will be tested when a secretary of state either refuses to put him on the ballot, or puts him on the ballot and is challenged by a litigant. I would imagine it would go up to the Supreme Court, and that’s the big question mark through all of this, which is what will the Supreme Court do?” said Schiff, adding “There are prominent constitutional scholars, as well as prominent progressive scholars who believe that he should be disqualified.”

    And what does Schiff think that the conservative-biased Supreme Court will do?

    Only time will tell, but I do think it is a very legitimate issue. By the clear terms of the 14th Amendment he should be disqualified from holding office.”

    Watch:

    https://platform.twitter.com/widgets.js

    And of course, looks like the memo went out.

    https://platform.twitter.com/widgets.js

    We’re sure that whatever happens it will be conveniently scheduled for maximum election interference.

    Of course, as Andrew C. McCarthy noted in National Review in January, If Trump was not disqualified under the impeachment clause, a remedy that undeniably applied to him, he is not going to be disqualified under the 14th Amendment, which doesn’t.

    Tyler Durden
    Mon, 09/04/2023 – 15:55

  • Zuckerberg's "Twitter Killer" App Struggles For Traction
    Zuckerberg’s “Twitter Killer” App Struggles For Traction

    Authored by Benjamin Kew via The Epoch Times,

    Meta CEO Mark Zuckerberg’s microblogging platform Threads, launched to great acclaim as Instagram’s “Twitter Killer” in July, appears to be showing signs of struggle.

    The initial signs for Threads were extremely encouraging.

    The platform—nearly a carbon copy of Twitter, now known as X—pulled in a staggering 100 million sign-ups in less than five days.

    Forbes senior contributor John Koetsier outlined how Twitter had “imploded” under the leadership of Elon Musk and cited the “instant credibility” and “simplicity” of Threads as an alternative.

    Yet nearly two months on from its seemingly successful launch, Zuckerberg’s vision of stealing Twitter’s thunder may be little more than a pipe dream.

    Even NBC admitted on Aug. 24 that the platform is “struggling for traction.”

    “An analysis of Android users by Similarweb, a digital data and analytics company, estimated that daily active users on Threads’ Android app peaked at 49.3 million in early July and fell to 10.3 million after a month—a drop of nearly 80%,” the media outlet reported in mid-August.

    A week after its July 5 launch, daily active Threads users peaked at around 26.7 million, then gradually declined to around 13.5 million by month’s end, it said.

    “Some celebrities who joined the platform before it was available to the public, such as Jennifer Lopez and Tom Brady, haven’t posted at all since launch week. MrBeast, the YouTube star who was the first user to reach 1 million followers on Threads, stopped posting about a month ago.”

    One of the most common theories among conservatives for the platform’s underwhelming start is that while Twitter has finally embraced free speech, Threads is a platform governed by strict content moderation and politically driven censorship.

    Allum Bokhari, a senior technology reporter at Breitbart News and author of “Deleted: Big Tech’s Battle to Erase a Movement and Subvert Democracy,” told The Epoch Times that the weakness of Threads lies in its failure to attract subversive content.

    “Threads was touted as the polite, politically correct alternative to Elon Musk’s X. But when the selling point of your platform is inoffensiveness, you can’t be surprised when users simply get bored,” Mr. Bokhari explained.

    “X has become friendlier to edgy, dissident content that polite society would prefer to see banned, and that’s precisely why its users remain loyal.”

    This photo illustration shows the X logo (formerly Twitter) on a smartphone screen in Los Angeles, California, on July 31, 2023. (Chris Delmas/AFP via Getty Images)

    Free Speech Is Not the Only Concern

    Yet, issues of free speech are far from the only concern.

    Jake Denton, a research associate at the Tech Policy Center for The Heritage Foundation, told The Epoch Times that while X is moving forward with offering new features, Threads still provides a disappointing user experience.

    “While Zuckerberg and Meta were quick to boast about the early sign-up numbers for Threads, that momentum has rapidly dissipated, and the platform seems to be in free fall,” he said. 

    “What strikes me most is the stark contrast between the early promises of an exciting new platform and the underwhelming reality that one finds upon logging in.”

    Users eager for a fresh experience encountered “a feed saturated with interactions between mega-corporations and consumer brands as” Mr. Denton said, comparing it to “stumbling into a virtual networking event for their social media managers.”

    “Meta will truly need a miracle to save this platform from irrelevancy. If Zuckerberg can’t find a way to bring interesting content to the platform—content that people actually want to consume—Threads will be dead on arrival,” he predicted.

    Not everyone is as pessimistic about the company’s future.

    Mike Benz, executive director of the Foundation for Freedom Online, warned that Threads could be waiting for X to experience a crisis that it can take advantage of.

    “Threads doesn’t need to be as good as Twitter to dethrone it—all it needs to be is a close-enough substitute … [so] that when Twitter is destabilized and put into crisis, Threads can be there to catch the fall,” he told The Epoch Times. 

    That crisis can come from several directions: financial, if advertiser boycotts ramp back up; legal, via bankrupting lawfare; and regulatory, via new regulations such as the EU’s new disinformation laws.

    “There are 2.3 billion Instagram users, versus only 450 million Twitter users. That’s a 5x size advantage Threads has to tap into in terms of the Facebook-Instagram-WhatsApp economy into which Threads is being installed. You can’t underestimate that or rule it out. Especially with government and institutional support,” Mr. Benz said.

    He added that, given Mr. Zuckerberg’s willingness to comply with the demands of the Biden administration, Threads may also benefit from being the app of choice for the U.S. national security state.

    “Zuckerberg has won back much of that support after doing the Biden admin’s bidding on all things content moderation ahead of the 2020 election and throughout this term,” Mr. Benz said. 

    “Because Zuckerberg has proven to be such a reliable ally to the Pentagon and State Department, I would not be surprised if Threads begins to be pushed by the U.S. government for dissident groups funded by the U.S. national security state to use while organizing revolutions or resistance movements abroad,” he said, likening it to the State Department promoting Telegram in 2020 for the attempted color revolution in Belarus.

    “It’s hard to predict at the moment,” Mr. Benz said. “… as the 2024 election approaches, or another pandemic scare, or some other crisis or high-stakes geopolitical event appears, the true nature of the threat posed by Threads will make itself more clear.”

    However, others believe that Threads’ commitment to censoring the political fringes will prove fatal to its long-term survival.

    Among them is former Harvard professor Robert Epstein, a senior research psychologist at the American Institute for Behavioral Research and Technology, who argued that Zuckerberg’s best hope is that Elon Musk sabotages his own company.

    “I don’t see a way for Threads to overtake Twitter/X in the microblogging domain,” said Mr. Epstein.

    “By minimizing moderation—which Facebook can’t do on Threads—Twitter is attracting more extreme content than it ever has before, and extreme content draws traffic. I don’t see a way for Facebook to compete with that.”

    “Of course, it is always possible that Musk or his appointees will mismanage “X” so badly that the company just implodes,” he continued. “Perhaps Zuckerberg is counting on that.”

    Yet given Mr. Musk’s track record of building successful companies, most notably Tesla and SpaceX, some might argue that this possibility remains remote.

    Mr. Zuckerberg, meanwhile, remains publicly optimistic, insisting that he will spend the rest of the year developing its product and fighting to retain its users.

    “I’m very optimistic about how the Threads community is coming together. Early growth was off the charts, but more importantly, 10s of millions of people now come back daily … way ahead of what we expected,” he wrote in late July.

    “The focus for the rest of the year is improving the basics and retention. It’ll take time to stabilize, but once we nail that then we’ll focus on growing the community. We’ve run this playbook many times (FB, IG, Stories, Reels, etc) and I’m confident Threads is on a good path too.”

    Tyler Durden
    Mon, 09/04/2023 – 15:30

Digest powered by RSS Digest