Here is how useless sanctions are: Bloomberg reports that the U.S. government is actually asking big banks to keep working with Russia so that the economy doesn’t collapse. Isn’t that an admission that sanctions are a decorative sham, only made to let politicians grandstand? I would say it is. Watch the banks basically admit that the government is letting them out of their "tough talk" sanctions as they let everyone else suffer.
It is absurd to blame Moscow for using “food as a weapon” when the people who are making the accusation are the same ones who are blocking Russia from exporting commodities.
Contorted thinking by Western leaders, media and NATO heads seems to know no bounds. Russia has been accused of illegal aggression against Ukraine, threatening to use nuclear weapons, blowing up its own gas pipelines and – perhaps the lowest of the low – using food as a weapon against the world’s hungry millions.
Can Russia be made to appear any more villainous? To that end, Western media is like a parody of a corny old James Bond movie script.
The slanderous accusations ignore the basic facts, such as: that Ukraine was weaponized by the United States and NATO for eight years since the CIA-backed 2014 coup in Kiev ushered into power a rabidly Russophobic NeoNazi regime.
Russia flew over $140 million in cash and seized Western anti-tank and anti-aircraft missiles to Tehran in late August, an anonymous security source told Sky News on Tuesday.
The seized munitions include a British NLAW anti-tank missile, a US Javelin anti-tank missile and a Stinger anti-aircraft missile, according to the report. The munitions had been part of a shipment intended for the Ukrainian military that "fell into Russian hands."
The Walt Disney Company missed investor expectations for growth in the fourth quarter of fiscal year 2022, sending shares plummeting Tuesday afternoon as losses mounted for the entertainment giant’s streaming arm, MarketWatch reported.
As Alastair Crooke recently observed in ‘The World Doesn’t Work That Way Anymore’, the new school of political economy generated by philosophers like Adam Smith, John Locke, and Rousseau premised their systems of social management upon the “science” of Sir Isaac Newton. In his insightful essay, Crooke writes:
“The liberal order rests on three pillars – on three interlocking, co-constituting pillars: Newton’s ‘laws’ were projected to lend the Anglo economic model its (dubious) claim to being founded in hard empirical laws – as if it were physics. Rousseau, Locke, and their followers elevated individualism as a political principle, and from Smith came the logic-core to the Anglo-American system: If each individual does what is best for him or her, the result will be what is best for the nation as a whole.”
The concept of “forces” of the market-place premised itself upon hedonistic pleasure-seeking atomized creatures called humans which seek only to maximize pleasure and avoid pain. Attempting to project an image of scientific authority, this new liberal system situated its roots and even core assumptions upon the deeper oligarchical philosophic current stretching from Aristotle, Hobbes, Locke and Newton.
Clark County officials reported only having enough staff to count early mail-in ballots and in-person ballots on Tuesday, the Nevada Independent reported. The county is appearing to have a resource issue that is stalling the counting of drop box mail.
John Fetterman, the brain-damaged stroke victim who needs a computer spitting out closed captions to understand speech and struggles to speak in complete sentences, was declared victor in Pennsylvania's Senate election late Tuesday night.
In a statement earlier this week, the DOJ said it was sending officials to 64 jurisdictions throughout the country - most of which would be in red or purple states.
Included in the list was Broward County, Miami-Dade County, and Palm Beach County.
Brad McVay, General Counsel at the Florida Department of State, responded...
"(T)he Florida Department of State received copies of your letters to Miami-Dade and Broward Counties in which you seem to indicate that the Department of Justice will send monitors inside polling places in these counties," reads a letter to the DOJ from McVay.
"We also understand you sent a similar letter to Palm Beach County."
"But Department of Justice monitors are not permitted inside a polling place under Florida law," McVay continues.
"Section 102.031(3)(a) of the Florida Statutes lists the people who ‘may enter any polling room or polling place.’ Department of Justice personnel are not included on the list. Even if they could qualify as ‘law enforcement’ under section 102.031(3)(a)6. of the Florida Statutes, absent some evidence concerning the need for federal intrusion, or some federal statute that preempts Florida law, the presence of federal law enforcement inside polling places would be counterproductive and could potentially undermine confidence in the election."
Global Intel Hub is breaking on the ground intel from Red State Tennessee (not a swing state). Shoreline Church voting center near Knoxville, TN, had a line out the door because 'only one printer is working' - one voter reported a 1.5 hour wait once inside the building.
When the poll worker announced the 1.5 hour wait, many voters left. Others made phone calls and other arrangements for staying longer - some complained they only had 1 hour out of work to vote.
Tennessee is clearly not a 'purple' state or a 'swing' state, but if one was trying to manipulate elections, this would be a great way to do it.
People who don't vote, can be later entered as 'voted' and there would be no way to audit that. The voting booths, are secure - but the paper ballots are scanned and sent to a server, we don't know where or how that happens, which could be manipulated
Members of the International Association of Machinists and Aerospace Workers (IAM) District 19 narrowly approved the ratification of a labor agreement that has been nearly three years in the making.
Fifty-two percent voted in favor of accepting the agreement, IAM said Saturday. About 59% of IAM’s membership voted. Overall membership totals about 4,900 workers, who serve as locomotive machinists, roadway mechanists and facility maintenance personnel for the railroads.
North Korea has denied American claims that it’s shipping artillery shells and ammunition to Russia for use in its war against Ukraine, and on Tuesday accused the United States of lying.
The denial follows dozens of weapons tests by North Korea, including short-range missiles that are likely nuclear-capable and an intercontinental ballistic missile that could target the U.S. mainland. Pyongyang said it was testing the missiles and artillery so it could “mercilessly” strike key South Korean and U.S. targets if it chose to.
North Korea has been cozying up to traditional ally Russia in recent years and even hinted at sending workers to help rebuild Russian-occupied territories in Ukraine. The United States has accused North Korea, one of the most weaponized countries in the world, of supplying Soviet-era ammunition such as artillery shells, to replenish Russian stockpiles that have been depleted in the Ukraine.
Western energy sanctions against Russia have helped Moscow achieve the second-ever sail of a crude tanker east through the Arctic Circle toward China, a route dubbed 'Arctic Silk Road,' that could one day revolutionize energy trade flows from Russia to Asia because it's about half the time versus Russia's Baltic ports through the Suez Canal.
Vessel tracking data compiled by Bloomberg shows the Vasily Dinkov, a specialized ice-breaking tanker, departed from Murmansk, a city in northwestern Russia, off the Barents Sea, hauling a cargo of crude. The vessel traversed Russia's northern coast between Oct. 27 - Nov. 4 and entered the Bering Strait, a strait between the Pacific and Arctic Oceans that separates Alaska and Russia, on Nov. 5.
As of Tuesday morning, the tanker is full speed ahead off Russia's Kamchatka Peninsula. Its final destination is the Chinese port of Rizhao on Nov. 17.
"The journey is the shortest passage between Europe and east Asia, taking half the time to reach China from Russia's Baltic ports than the conventional route through the Suez Canal," Bloomberg said.
Even before the war in Ukraine and the resulting sanctions on Moscow, trade flows were already in the beginning stages of shifting towards the Northern Sea Route.
In 2017, we noted, "transit routes through the Arctic will assume a certain level of importance vis-à-vis the global geopolitics of Russia and China."
The world’s energy needs will only grow, and it would be “foolish” to think that rising demand can be met with renewables alone, Oman’s Energy Minister Salim Al-Aufi told CNBC on Tuesday.
Energy needs to be affordable and this is the first pillar of energy supply when the energy transition is concerned, the minister said.
Oman’s official also defended, again, the OPEC+ decision to reduce the headline target oil production by 2 million barrels per day (bpd) as of this month, saying that the group is proactive in trying to balance the market.
Al-Aufi also said that he wasn’t surprised by the U.S. blowback after the OPEC+ decision was announced.
Gun Owners of America secured a historic victory in the battle for gun rights on Monday when New York Judge Glenn Suddaby issued a preliminary injunction suspending many parts of New York's Concealed Carry Improvement Act (CCIA).
This victory follows Gun Owners of America & Gun Owners Foundation securing a temporary restraining order against the aforementioned CCIA in October, which a federal appeals court then blocked.
Despite ongoing dollar weakness, oil prices tumbled for a second straight day as China Zero-COVID easing hopes faded and the crypto meltdown today appeared to hit ewvery asset class for a period...
"The lack of a concrete timeline or any real details about plans to reopen the Chinese economy and move away from the still very strict and economically crippling restrictions weighed on the energy market into the afternoon," wrote analysts at Sevens Report Research.
Of course, traders are also waiting for any signals on supply/demand tomorrow with tonight's API report offering some early insight...
Blackburn, who assumed office in 2019, said a bucket of issues like inflation, border crime, and parental rights stemming from the Biden administration has Americans disturbed about how fast their agenda has changed the country.
Despite traveling up and down Florida’s east coast — and stopping in areas of the state that President Joe Biden won in the 2020 presidential election — “CBS Mornings” apparently struggled to find even one person who was supporting Democratic gubernatorial hopeful Charlie Crist.
The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means. Since the Bretton Woods Conference in 1944, the dollar has been the only currency accepted throughout the world for settlement of international trade accounts among nations.
Prior to 1944, physical gold was used for international settlement. When an exporter in country A sold goods to an importer in country B, country B would pay with its own currency. But country A would have no interest in allowing country B’s currency to build up in its vaults beyond an amount required to settle its own importers’ needs. Thus, country A would demand that country B redeem its own currency in gold. Sometimes country B would ship physical gold to country A. Or perhaps gold held in safekeeping in a third country would be designated as now belonging to country A, a book entry transaction that is more convenient than physical movement.
While economic issues have remained the focal point of Republican messaging for the 2022 midterm elections, many GOP candidates have vowed to safeguard children from radical gender theory and irreversible medical transition procedures.
The British National Health Service has been rolling back its use of hormone replacements and transgender surgeries for children, and a recent statement announces what should have been obvious: for most children, it’s just a transient phase.
The emotional and hormonal roller coaster that is adolescence results in all kinds of phases, some more harmful than others: punk, goth, emo, temporary same-sex attraction, ridiculous haircuts, anorexia, extreme celebrity worship, and self-harm. Some require intervention. None of them define who a person is or who he will grow into. And never should a child be assisted in self-mutilation that will last a lifetime. What is unique about this fad is the degree to which adults have encouraged such life-altering medical treatments.
In the U.S., there have been no such pronouncements about scaling back transgender mutilations. In fact, the Biden Administration is actively encouraging them. Not only is the Assistant Secretary for Health (“Rachel Levine”) a man who dresses as a woman, but Joe Biden himself now appears in televised segments, encouraging trans individuals in their attempt to deny themselves and become the other sex.