"'Peace and prosperity' means the time after a major war spent rebuilding everything that was destroyed." -- Michael Rivero

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Paradevices

 

 by Dave DeCamp 

On Wednesday, the Mixed Migration Centre (MMC) published a report that said Saudi Arabia is still slaughtering African migrants and Yemenis at its border with Yemen nearly a year after the indiscriminate killings were revealed.

In July 2023, MMC issued a report that said Saudi border guards killed nearly 800 Ethiopian migrants and wounded about 1,700 in 2022. Human Rights Watch followed up with a similar report that said the killings could be a “crime against humanity.”

After the reports were released, The New York Times reported that the US was aware of the mass killings on the border since 2022 but kept quiet. Around the time the US learned of the massacres, the Biden administration was publicly criticizing Riyadh for OPEC oil cuts.

The MMC’s new report says that new evidence “appears to indicate that the Saudi border authorities at their southern border with Yemen are continuing to use live weapons to fire indiscriminately at Ethiopians and Yemenis crossing the border irregularly.”

A ceasefire between Saudi Arabia and Yemen’s Houthis has held well since April 2022, but Yemeni media frequently reports Saudi shelling at the border in Yemen’s northern Saada province. Yemeni citizens and African migrants are often reported killed.

The news of Saudi Arabia’s continued killings at the border comes after reports said the US is planning to resume offensive weapons sales to Riyadh. The US is also pushing a Saudi-Israeli normalization deal that would involve Washington giving Riyadh a mutual defense guarantee.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY, IRAN, ISRAEL, LEBANON, MIDDLE EAST, PALESTINE, SAUDI ARABIA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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A weapons stockpile reserve that the U.S. Defense Department uses to transfer military equipment to Israel lacks the necessary checks and balances, rigorous oversight, and transparency mechanisms needed to ensure responsible use.

Initially established after the 1973 Arab-Israeli War for emergency use, the reserve — officially referred to as the War Reserve Stockpile Allies-Israel (WRSA-I) — has evolved to include dual-use materials accessible by both U.S. and Israeli forces.

Despite this evolution, the stockpile, dispersed across multiple warehouses, lacks a public inventory and a legal framework to ensure transparent and accountable transfers of materiel. Bilateral agreements require Israel to cover storage and maintenance costs, but there’s no public policy guidance on transfers.

Significant withdrawals have been made for Israeli conflicts and U.S. military aid to Ukraine, often without public documentation. The legal basis for these transfers — Section 514 of the Foreign Assistance Act, the Arms Export Control Act, and various congressional transfer authorities — does not mandate comprehensive reporting to Congress, limiting oversight and accountability.

Tags: ISRAEL, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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In 1946 reporter John Hersey published a harrowing report from Hiroshima that followed the travails of a number of survivors of the Bomb, including those of Father Wilhelm Kleinsorge, a Jesuit missionary from Germany.

On a search for water for some of the wounded, Kleinsorge came across a group of survivors

“…about twenty men, and they were all in exactly the same nightmarish state: their faces were wholly burned, their eye-sockets were hollow, the fluid from their melted eyes had run down their cheeks. (They must have had their faces upturned when the bomb went off; perhaps they were anti-aircraft personnel) Their mouths were mere swollen, pus-covered wounds, which they could not bear to stretch enough to admit the spout of the teapot.”

Passages such as these revealed the horrors Japanese survivors endured in the aftermath of the American nuclear attack. Hersey’s Hiroshima became, in the view of essayist Roger Angell, “part of our ceaseless thinking about world wars and nuclear holocaust.”And throughout the Cold War, the idea of fighting a nuclear war was anathema to the respective leaders of the American and Soviet superpowers — a revulsion that found its ultimate expression in the pledge made by Soviet General Secretary Mikhail Gorbachev and U.S. President Ronald Reagan that “a nuclear cannot be won and should never be fought.”

Yet little by little, as the Cold War has receded into memory, American and Russian leaders have torn up a series of arms control measures beginning with the U.S. withdrawal from the Anti-Ballistic Missile treaty (2002), the Intermediate Range Nuclear Forces treaty (2019), and the Open Skies treaty (2020). For its part, in 2023 Russia unilaterally withdrew from both the Convention Armed Forces in Europe treaty and suspended participation in the landmark New START treaty.

And one of the more worrisome developments in a time which does not lack for them has been a worrying epidemic of loose talk about the use of nuclear weapons.

Tags: CHINA/TAIWAN, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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For much of the past year we had been pounding the table on two very simple facts:  not only has the US labor market been appallingly weak, with most of the jobs "gained" in 2023 and meant to signal how strong the Biden "recovery" has been, about to be revised away (as first the Philly Fed and now Bloomberg both admit), but more shockingly, all the job growth in the past few years has gone to illegal aliens.

We first pointed this out more than a year ago, and since then we have routinely repeated - again, again, and again - yet even though we made it abundantly clear what was happening...

Tags: ECONOMY, IMMIGRATION/GLOBALISM, WHITE HOUSE
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Israeli Ministers Call for Escalation in Gaza and Invasion of Lebanon at Provocative Flag Day March

Participants in the march chanted 'death to Arabs' and attacked Palestinians by Dave DeCamp June 5, 2024 at 4:43 pm ET Categories NewsTags Israel, Palestine

On Wednesday, Israeli Finance Minister Bezalel Smotrich and Minister of National Security Itamar Ben Gvir both called for Israel to escalate in Gaza and to invade southern Lebanon, The Times of Israel reported.

The two ministers made the remarks in speeches during the provocative flag march in the Old City of Jerusalem that commemorates Jerusalem Day, a celebration of the Israeli capture of East Jerusalem during the 1967 war.

Thousands of ultra-nationalist Israelis took part in the march, which involved chants of “Death to Arabs” and attacks on Palestinians. The crowd also attacked a journalist for the Israeli newspaper Haaretz.

During his speech, Ben Gvir led the crowd in a chant of “victory” and said Israel could only win once it “enters all of Gaza and fights until victory.” He also said Israel needs to “go into the north and fight Hezbollah and destroy them.”

Smotrich called on Israeli Prime Minister Benjamin Netanyahu to “give the order” to go to “war” with Hezbollah. “Let our heroic warriors win, restore our national honor, national pride, and security, and allow the heroic residents to return home safely,” he said.

Netanyahu on Wednesday signaled he was considering an invasion of Lebanon, saying that Israel was “prepared for a very intense operation” along the northern border.

Ben Gvir also declared on Wednesday that “his policy” was that Jews could pray at the al-Aqsa Mosque, known as Temple Mount to the Israelis, whenever they want, going against the status quo at the compound.

According to Haaretz, it marked the first time the Israeli minister in charge of security at al-Aqsa deviated from the status quo. In a radio interview, Ben Gvir said he was “pleased that Jews went to the Temple Mount and prayed there today. This is very important. My policy is very clear on this matter – Jews can go everywhere in Jerusalem and pray anywhere, and not silently. Jews prayed on the Temple Mount, that is the minister’s policy. Jews prayed on the Temple Mount, and that is good.”

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, IRAN, ISRAEL, LEBANON, MIDDLE EAST, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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Netanyahu: Israel Prepared for ‘Very Intense’ War With Lebanon

Army Chief Halevi says Israel nearing decision on launching war by Jason Ditz June 5, 2024 at 1:44 pm ET Categories News

Yesterday it was reported that Britain had informed the Lebanese government that it should prepare for a full-scale Israeli war by mid-month. This report now appears to be confirmed as Prime Minister Benjamin Netanyahu talks up Israel’s readiness for such a war.

Following the war cabinet meeting, Netanyahu declared on Wednesday that Israel is prepared for a “very intense” operation against Lebanon, asserting that he would restore calm to the north of Israel one way or another.

For eight months, Israel and Hezbollah have been trading near daily fire across the border, and Israeli politicians have demanded a resolution as tens of thousands of civilians are being displaced by this military action.

War has been anticipated all year, but the starting point has moved closer, with Israeli Army Chief Lt. Gen. Herzi Halevi reiterating that Israel is ready for an offensive, and that a decision point is at hand.

Lebanese PM Nijab Mikati claims reports of an imminent war are baseless, and that repeated media reports of Britain warning of the war are untrue. He added that he’s never been given any such warning.

Israeli airstrikes today continued to target motorcyclists across southern Lebanon, killing two riders in Naqoura with a drone attack. The slain were reported as Hezbollah members. A separate attack wounded three people, who were also identified as Hezbollah.

The United States and France have spent months trying to negotiate a settlement to prevent the war. The hope has been for both sides to cease firing and that Hezbollah relocate further north, resolving Israeli complaints about that organization’s presence right on the border.

Claire's Observation:  One has to wonder if Netanyahu and his minions are attempting to deflect public attention from Israel's genocide in Gaza (and  its continuing failure in in its destruction of Hamas) with the coming genocide in Lebanon.  Of course, the real "prize" for Israel's attempted "conquest" of this area, is the Litani River, a wonderful fresh water resource currently used by the Lebanese people, which is about 5  kilometers from the Israeli border.

Their problem is, too much has been seen, and witnessed to, courtesy of some very ballsy reporters, and very brave medical professionals attempting to keep wounded in Gaza in one piece; and once these images have been seen, cannot be unseen in the west. 

The moment the current Israeli regime began to conflate "self-defence" with "genocide", they lost both me, and a lot of other staunch Israel supporters.  No country in its right mind, in this part of the 21st century, can get away with this, and Israel's leadership should have known that they were no exception; unfortunately, however, a certain degree of hubris, coupled with a sense of "Biblical entitlement", gave them their "raison d'etre" for performing this horrific abomination, and off they went.

And to the Israeli leadership; if your point is "eliminating Hamas and Hezbollah", WHY, please, are the preponderance of your victims women and children?  Please, I'm keen to know!!

 

 

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, IRAN, ISRAEL, LEBANON, MIDDLE EAST, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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A left-wing extremist attacked an AfD politician with a knife in Mannheim, Germany, very close to the same location where an Islamist killed a police officer last week.

A video of the incident shows the AfD’s Heinrich Koch approaching the knifeman as he carries away AfD posters which he had been tearing down.

Tags: GERMANY, POLITICS/ ELECTIONS/ CORRUPTION
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Tennessee Attorney General Jonathan Skrmetti and attorneys general from 20 other states have called for significant revisions to the American Bar Association’s (ABA)  Standards and Rules of Procedure for the Approval of Law Schools.

The attorneys general claim in a letter that ABA standards direct law school administrators to violate both the Constitution and Title VII of the Civil Rights Act, which prohibit employment discrimination based on race, color, religion, sex, and national origin.

Their demand comes in response to the Supreme Court’s 2023 decision in Students for Fair Admissions, Inc. v. President & Fellows of Harvard College (SFFA), which ended the use of so-called affirmative action in higher education.

The rule of law cannot long survive if the organization that accredits legal education requires every American law school to ignore the Constitution and civil rights law,” Mr. Skrmetti said in a press release announcing the action.

Tags: CURRENT EVENTS, EDUCATION
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A new study shows that global excess death rates are continuing to soar among the Covid mRNA vaccinated, leaving so-called “experts” to claim they are “baffled” why so many people can die “despite the vaccines.”

study published Monday that analyzed statistics from ‘Our World in Data’ indicated that despite the alleged ‘savior‘ of Covid vaccines, excess deaths worldwide remain high.

“Excess mortality has remained high in the Western World for three consecutive years, despite the implementation of containment measures and COVID-19 vaccines,” the study said in the ‘Conclusion’ section.

“This raises serious concerns. Government leaders and policymakers need to thoroughly investigate underlying causes of persistent excess mortality.”

Interestingly, Monday’s study which looked at the entire global population is not the first piece of research analyzing mortality rates in recent years.

A Norwegian study published in January had also found an increase in non-Covid-related deaths.

Webmaster addition: 

 

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, COVER-UP/ DECEPTIONS/ PROPAGANDA, POLITICS/ ELECTIONS/ CORRUPTION, SCIENCE/ HEALTH/ CLIMATE/ NATURE
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After a double homicide shooting earlier this week, Swedish residents in Norrköping's district of Hageby can be searched or have their vehicles searched without the need for reasonable suspicion

Swedish police have introduced the first “stop-and-frisk-zone” in the country’s history, giving officers the power to search any individual or vehicle without the need for reasonable suspicion.

The draconian measure is in response to a double shooting on Monday evening in the Hageby residential district of Norrköping, a city southwest of Stockholm. Two men were pronounced dead at the scene.

As of Wednesday, the authorities are introducing what is also known as a security zone or visitation zone in the area as officers continue to hunt for perpetrators. A man in his 20s has already been arrested on suspicion of murder.

It is understood the police are holding a press conference later on Tuesday to explain the new powers available to them after the law was passed in April this year to help crack down on rampant gang crime.

Tags: EUROPE, IMMIGRATION/GLOBALISM
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When Bill Clinton ran for president in 1992, his campaign hired a sleazy private detective, Jack Palladino, to threaten journalists and private individuals in order to prevent voters from finding out about the horny hick’s legion of sexual conquests and sexual assaults—or “bimbo eruptions,” as campaign aide Betsey Wright charmingly put it.

The smear merchant was first hired after singer Gennifer Flowers told a tabloid she’d had a lengthy affair with Clinton. Palladino wrote a memo to the campaign, promising to impugn her “character and veracity until she is destroyed beyond all recognition.”

Clinton campaign: SOLD! (By the by, Clinton would eventually admit to having sex with Flowers.)

Then in 2008, presidential candidate John Edwards hit up a couple of well-heeled donors for more than a million dollars to hide his yearlong affair with Rielle Hunter and their resulting “love child.”

To keep Ms. Hunter happy (and hidden) throughout his run, the campaign gave her “cash, luxury hotels, private jets rides and a $20,000-a-month rental mansion in Santa Barbara, California”—as summarized by The Guardian. (Even lefty publications in the U.K. are more honest than the American media.)

Tags: POLITICS/ ELECTIONS/ CORRUPTION
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Months later, after tens of thousands of Palestinians have been murdered by Israeli Occupation Forces in Gaza amid an ongoing genocide, and after thousands in the West Bank have found themselves imprisoned or under regular attack, sympathy for those resisting their own annihilation has grown, with the conversation becoming more clear than it was in the days proceeding October 7. As videos spread by resistance factions across Gaza and Lebanon find a regular and enthusiastic audience and chants in support of those putting their lives on the line take root in protests nationwide, it is clear many have grown to accept the necessity of armed struggle in the Palestinian context, though a true consensus has yet to be achieved.

To that end, the answer to the question “Do you condemn Hamas?,” particularly for those of us on the Left as we analyze the history of Palestine and why resistance occurs in a colonial context, should have always been clear.

Tags: ISRAEL, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS
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Less than 48 hours after the world’s top court, the International Court of Justice (ICJ), ordered Israel to “immediately halt its military offensive and any other action” near the southernmost Gazan city of Rafah, Israel increased its deadly strikes on the already beleaguered area. Over Sunday night, Israel dropped massive bombs, including United States-made warheads, on an encampment of displaced civilians Israel had designated a “safe zone.”

At least 45 people were killed and 200 injured in the bombing and subsequent fires, most women and children. People were burnt beyond recognition and reduced to ash; in one video of the horrors, a man wordlessly held up a beheaded baby to the camera, the background ablaze.

This most recent attack is not Israel’s first defiance of the ICJ and basic human rights principles; nor, unfortunately, is it the last. Despite global outrage, Israel has continued to bombard Rafah in the days since. Indeed, over eight months, Israel has besieged and bombarded Gaza in a pattern of conduct that has amounted and continues to amount to genocide.

Genocide is among the most loaded charges one might levy. Often considered the “crime of crimes,” an aspiration to prevent genocide is in many ways foundational to the modern international legal system.

Tags: ISRAEL, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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Russian President Vladimir Putin on Wednesday criticized the West's delivery of long-range weapons to Ukraine, arguing Moscow could arm other countries with similar weapons to attack Western targets.

The comment — which Putin made at a rare press conference with foreign news outlets — came after several Western countries including the United States gave Ukraine the green light to strike targets inside Russia, a move Moscow has called a grave miscalculation.

"If someone thinks it is possible to supply such weapons to a warzone to attack our territory and create problems for us, why don't we have the right to supply weapons of the same class to regions of the world where there will be strikes on sensitive facilities of those [Western] countries," Putin said.

"That is, the response can be asymmetric. We will think about it," he told reporters.

Tags: NATO, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
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Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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Tags: CONSUMER RIGHTS / PRODUCT REPORTS, POLITICS/ ELECTIONS/ CORRUPTION, SCIENCE/ HEALTH/ CLIMATE/ NATURE
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Webmaster addition: One motive to assassinate Robert Kennedy is that had he won the White House, he would have re-opened the case of the assassination of his brother John F. Kennedy and exposed all the lies. Trump presents the same threat to the Deep State.

Tags: ASSASSINATION, COVER-UP/ DECEPTIONS/ PROPAGANDA, HIDDEN HISTORY
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In several exchanges with reporters this week, US State Department spokesperson Matthew Miller called on Hamas to end the suffering and deaths of innocent Palestinians in the war on Gaza by accepting a ceasefire, in remarks that have been criticised as leveraging collective punishment against the Palestinian group.

On Tuesday, Miller was asked during a press briefing about the terms of the latest ceasefire proposal and why Hamas would accept an agreement that would see the dissolution of the group itself.

The spokesperson responded, "because they don't want to see continued conflict, continued Palestinian people dying. They don't want to see war in Gaza".

The comments by Miller were criticised by legal experts, who say that Washington was admitting to using the collective punishment of Palestinian civilians as a bargaining chip against Hamas leadership.

Then on Wednesday, the issue was again brought up during a State Department press briefing

Claire's Observations:  Spox Miller, under WHAT rock, please have you been hiding recently, or was your understanding of  BOTH the Nuremberg Code and the UN Universal Rights of Man surgically removed while you were sleeping?!?  Using "collective punishment" of the Palestinian people (i.e., assassinating them, or starving them to death to get Hamas to "surrender")  is a war crime, and punishable as such. 

Your leadership is complicit in these actions, and should be tried and convicted for such. You sir, are complicit in these actions.

Any questions, Spox Miller?!?

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, IRAN, ISRAEL, LEBANON, MIDDLE EAST, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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Tags: CURRENT EVENTS
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In a surprising turn of events, a juror in a federal trial about misused funds meant to feed hungry children during the COVID-19 pandemic was let go on Monday after being offered a $120,000 bribe. The 23-year-old juror, known as Juror 52, was not at home when an unknown woman left a bag filled with rolls of dollar bills at her house on Sunday night.

U.S. Assistant Attorney Joe Thompson told U.S. District Judge Nancy Brasel that the woman told the juror’s father-in-law that the money was “for Juror 52” and “there will be another bag for her if she votes to acquit.” When the juror got home and found out what happened, she quickly called the police.

The trial is about seven people accused of using a nonprofit called Feeding Our Future in a fraudulent way to steal $41 million, which is part of a bigger case involving 70 people. According to the Associated Press, 18 people have already admitted guilt.

Because of the claims of jury tampering and bribery, all seven people on trial in the Feeding Our Future case were taken into custody by the authorities. Judge Brasel stressed the need to keep the community safe, saying, “The fact that there are only seven defendants and only seven people other than their attorneys that have the information to get to a juror and bribe the juror doesn’t relieve me of the responsibility to protect the community.”

Tags: POLITICS/ ELECTIONS/ CORRUPTION
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Jews are are the richest and most powerful people on earth by a virtually unbelievable margin. However, we can’t let that distract us from the fact that they are also somehow the most oppressed people on earth.

In a shocking and confounding twist, the degree to which they are oppressed is equal to the degree of their overwhelming wealth and influence.

We need to give them all kinds of special rights to prevent them from being oppressed even further. For example, we all have to chip in and pay for special police to protect them everywhere they go. Because they are so extraordinarily wealthy, they could simply pay for their own special police protection, but it would be an atrocity to make oppressed people pay for their own protection from oppression.

If any of this confuses you, I refer you to the Jewish-owned media for further information.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, EDUCATION, ISRAEL, PALESTINE, PROTESTS/ REVOLUTION, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS
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Sebastian Jensen has posted a huge set of graphs on Substack based on nearly 4,000 national IQ and national school achievement test (e.g., PISA) scores from around the world. How have they been changing over time?

Tags: SCIENCE/ HEALTH/ CLIMATE/ NATURE
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Americans are screwed over people and are too insouciant to notice. And not just on big things, such as being forced to be injected with an untested new kind of “vaccine” with unknown safety and effectiveness. Millions of Americans were faced with the choice of being injected or losing their job and ability to pay rent or mortgage, car payments, utilities, and buy food. The “vaccine” has caused many deaths and millions of injuries from new diseases and profusions of what previously were rare diseases among age groups not previously affected. American babies now die from strokes and heart attacks. And the grieving parents are denied any recourse. No one is being held responsible. And apparently Americans don’t care. How is this any different from the Zionist story of Jews being herded into gas chambers?

Americans can’t do anything about the hundreds of billions of dollars Washington sends to Ukraine to conduct Washington’s proxy war against Russia, or about the billions sent to Israel for the slaughter of Palestinians and physical destruction of Gaza, or the billions sent to Taiwan for Washington’s proxy war against China. Meanwhile homeless American veterans sleep on the streets while the Biden regime gives immigrant-invaders pre-paid debit cards and houses them in hotels.

A few Americans might wonder if the billions of dollars could be better used getting the homeless out of their public parks and tent encampments off their sidewalks. But if they write to a representative or senator about the misallocation of resources they will get back a letter explaining that “we have to stop them over there before they get over here.”

The message is: “we are here to serve the military/security complex and Israel Lobby, the funders of our election campaigns, and to replace white Americans with the third world in the interest of diversity.

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, COVER-UP/ DECEPTIONS/ PROPAGANDA, ECONOMY, ISRAEL, PALESTINE, POLITICS/ ELECTIONS/ CORRUPTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
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Day by day it is becoming more difficult and more risky to provide information that differs from the official narratives. Websites are finding that payment mechanisms, such as PayPal and Stripe, and banks refuse to process donations to their sites. Others, such as Vdare are being driven into bankruptcy by quota hire NY prosecutors. Alex Jones’ operation is again under assault. Tucker Carlson was driven from Fox News. Google increasingly hides unwelcome information.

And now we witness a former US Marine, intelligence officer, and UN weapons inspector pulled off an international flight and his passport stolen by police “on orders by the US Department of State.” Scott Ritter was on his way to Russia to speak at the St. Petersburg International Economic Forum.

Ritter is an active source of what the conflict in Ukraine is really about and how it is widening into a wider and more dangerous conflict. Being yanked off a flight and his passport taken is the Biden regime’s way of sending him a message to get onboard with the narrative.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, DICTATORSHIP, POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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If you are a foreign official visiting Prague, the capital of the Czech Republic, Prime Minister Petr Fiala will undoubtedly urge you to praise and contribute to his munition’s initiative. While many praise it, few are willing to back their words with financial support, and perhaps for good reason.

The controversy began when President Petr Pavel announced at the Munich Security Conference that Czechia had identified 500,000 155 mm and 300,000 122 mm caliber artillery shells for Ukraine from producers outside the European Union (EU). According to Pavel, these shells could be delivered within weeks if funding was secured.

In March, President Pavel further claimed that with Norway’s contribution, all necessary funds had been raised and that the shells would be delivered soon. However, Tomáš Pojar, the official responsible for the munitions initiative, clarified, “I assume that the President meant the coverage of the first batch, not the entire initiative. We definitely haven’t raised funds for the entire initiative yet.”

President Volodymyr Zelensky of Ukraine remained skeptical, stating, “We can talk about a positive result only when the shells will be in Ukraine.”

Tags: EUROPE, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
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Commentary by Peter St Onge via The Epoch Times (emphasis ours),

(Rashevskyi Viacheslav/Shutterstock)

It turns out renters and homeowners are living in two entirely different economies, at least according to a new study by the Federal Reserve—which, ironically enough, made it happen.

In short, renters are in dire straits financially, while homeowners are “continuing to reap the rewards” of cheap pandemic money that left renters with nothing but inflation.

This is “complicating” the Fed’s crystal ball as homeowners continue to splurge on everything from travel to eating out, “propping up prices with their discretionary spending power.”

Of course, the Fed’s money printers are what are propping up prices. But the robust homeowner spending means they’re not seeing the distress.

The Rich Get Richer, the Poor Get Inflation

I mentioned in a recent article how the Fed money printer works by injecting new money into asset markets, which leaves the rich richer and the poor coping with inflation.

That process goes on turbo when they crank up the money printers, which they did during the pandemic to the tune of $7 trillion fresh dollars—one in three.

Hence the media’s favorite economic theme these days: why Americans can’t see the glory of Bidenomics. After all, if you’re a journalist at The New York Times, or an economics professor at Harvard, everybody at your dinner parties owns a home. They own stocks. They’re doing great, regaling one another with explanations of their investing acumen.

Alas, the 90 percent aren’t at those dinner parties to regale. They can only speak in ballot boxes.

Heaven at the Top, Hell at the Bottom

In raw numbers, the Fed report finds that nearly one in five renters fell behind on their rent in the past year, while rents have soared by 20 percent since the pandemic—coming to nearly $400 for the average renter.

Renters are more likely to not be able to pay the electric, water, or gas bill in the past month, and they report much higher rates of financial anxiety.

This all might rankle when CNN lectures them about how amazing the economy is.

It’s a whole other world for homeowners, who overwhelmingly refinanced during the pandemic at average rates around 3 percent, taking hundreds of thousands out of their Fed-pumped homes.

They plowed a good chunk of that money into stocks, which also soared thanks to the Fed’s near-zero interest rates—the so-called everything bubble. Courtesy of the Fed.

Claire's Observations:  It's not only property owners who believe that they can jack up rents to whatever they think the economy will bear; it is also CEOs of large corporations who are doing that as well.  As reported by https://www.insurancebusinessmag.com/us/news/breaking-news/how-much-does-state-farms-ceo-earn-99975.aspx, Michael Tipsord, head of State Farm,  earned the following:

"Tipsord earned $2.4 million in salary in the latest financial year, according to a filing obtained by the news outlet Crain’s Chicago Business from the Nebraska Department of Insurance. The amount is 14% higher than the State Farm CEO salary of $2.1 million the year before.Overall, Tipsord received a total of $24.4 million in compensation in 2022, almost equivalent to the $24.5 million he earned in the previous year. This includes a $21.9 million bonus, a slight drop from $22.4 million in 2021.

Tipsord has seen his yearly earnings soar over the years. In 2017, his total compensation was about $8.6 million, with a base salary of $1.6 million. At that time, this was lower compared to what most of his peers were earning. In 2019, Tipsord earned around $10 million. The amount doubled to about $20 million the following year, before his record-setting State Farm CEO salary in 2021."

Nice work, if you can get it, right?!?

Tags: ECONOMY, TAXES
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