"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway
This morning I wanted to share some thoughts from my friend, former sell side analyst Anton Wahlman.
He wrote me this morning making note of news I had already seen earlier today. Namely, that Beijing, the most prominent and well-known Chinese city with a population of 22 million, was going back into Covid lockdown.
“CGTN, a Chinese state-run news channel has just announced Beijing and other cities are going back into lockdown. Schools, restaurants, gyms and other facilities closed this week to stop the Omicron variant,” he wrote me.
Recall, back in April of this year, I wrote an article called “Something Is Rotten In The State Of Shanghai’s Latest Covid Lockdowns”, asking the question of why the country continues to be so interested in being able to lock down and open up its economy like Xi Jinping flipping a lightswitch on and off.
Anton wrote this morning that one of the great unsolved mysteries is why China keeps doing this. He asked “They can’t be this stupid or evil, can they?”
Well, maybe the answer is found inside Occam’s Razor: Yes, they really are this stupid and evil.
The US will likely return to Subic Bay, Philippines, 30 years after closing what was once the largest US military base in Asia, Kyodo News reported on Thursday.
The US is planning to build new military facilities in the Philippines as part of its effort to confront China in the region and is in talks with Manila to set up five new locations. The construction will be done under the Enhanced Defense Cooperation Agreement (EDCA), a military pact between Manila and Washington signed in 2014.
Since the US base in Subic Bay was closed, the area has become a bustling port overseen by the Subic Bay Metropolitan Authority (SBMA). Rolen Paulino, the head of the SBMA, told Kyodo that he would be “very surprised” if Subic Bay does not become an EDCA site, as “during war, time is of the essence.”
A general view shows illegal Israeli settlement in the occupied West Bank. (File photo by Reuters)
Israeli prime minister-designate Benjamin Netanyahu has reportedly agreed to hand the so-called civil administration in the occupied West Bank to the far-right Religious Zionism party, a move that signals more extremism towards Palestinians and a breach of the Abraham accords concluded with some Persian Gulf states.
The Likud leader has decided to move the administration from the regime’s ministry of military affairs to the ministry of finance. His decision comes in order to appease his ally Bezalel Smotrich, who is a far-right member of the Knesset and leader of the Religious Zionism party, Haaretz reported.
The Times of Israel also reported that, Smotrich, the intended finance minister, is eager to take control of the agency and advance his agenda of expanding illegal Israeli settlements in the West Bank and thwarting Palestinian aspirations for an independent state in the territory.
The agreement was reportedly reached as part of the ongoing coalition talks between Netanyahu’s Likud and Religious Zionism, which stalled once more after the parties failed to reach an agreement on several other key issues.
World Health Organization (WHO) announced that it is working with scientists to develop a new name for the monkeypox virus that will not be “discriminatory and stigmatizing,” an effort to employ “woke” ideals in virology.
In an effort to prove their wokeness, Germany’s team at the World Cup posed for a photo before their match with Japan with their mouths covered after being told they could not wear “OneLove” anti-discrimination armbands.
Internal communications from the Associated Press – released by online news outlet Semafor – apparently show how editors approved a bogus news alert about Russian missiles striking Poland. While the journalist behind the false alarm has been sacked, it remains unclear whether his “US intelligence” source was misinformed or deliberately lying.
Last Tuesday, AP issued a news alert citing “a senior US intelligence official,” who claimed that “Russian missiles crossed into NATO member Poland, killing two people.”
AP staff were alerted to the news by Jim LaPorta, a national security reporter whose LinkedIn bio describes him as a former “intelligence cell chief” in the US Marine Corps. In Slack messages published by Semafor on Wednesday, LaPorta told his colleagues that his “senior US intelligence” source had been “vetted by Ron Nixon,” AP’s Vice President of News and Investigations.
First, if you have not yet seen Died Suddenly, the killer documentary that dropped two days ago, I urge you to watch it as soon as you can—it’s a little over an hour—and share it far and wide. Although it makes some trivial mistakes, it is a very solid piece of work—as sound as it is harrowing, and that’s really saying something; so all those who appreciate my weekly Substacks on the toll of the “vaccines” will also very much appreciate this film, and learn a lot from it (as I did):
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I’m certain that this film will open many people’s eyes, which is (of course) why I am recommending it. The BBC has joined me in that expectation—which has impelled them not to recommend the film, but, on the contrary, to try to kill it, with this attempted takedown by one Rachael Schraer, who works for BBC as an “disinformation reporter” (as indeed she is).
Marcus Stokes thought he had achieved his lifelong dream of becoming a college quarterback after committing to the University of Florida to play for the Gators. In a split second, however, Florida ripped away his dream on Sunday after an unfortunate video surfaced.