"If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter." -- George Washington

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US President Joe Biden will urge the UN to expand the Security Council to water down Russia and China's influence in the body, the Western press says. Could Biden succeed?

Joe Biden "will take a look at the architecture of the Security Council," US National Security Council spokesman John Kirby announced ahead of the UN General Assembly meeting.

Still, the British media assumes that the US president will advocate adding new members to the United Nations Security Council in order to weaken Russia and China's role. Reportedly, Biden wants to add India, Brazil, Germany, South Africa, and Japan to the international body.

Currently, the Security Council has 15 members: five of them are "permanent" (P5) and enjoy veto powers (Russia, China, France, the UK, and the US); and 10 are "non-permanent," with five of them being elected each year by the General Assembly for a two-year term.

Tags: CHINA, POLITICS/ ELECTIONS/ CORRUPTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WHITE HOUSE
Posted on: Sep 19 06:23

Over the years, the Clinton family’s “charity” work has run afoul of investigators and whistleblowers alike over suspected schemes ranging from the alleged theft of disaster relief funds for Haiti to shady political pay-to-play deals.

The Clinton Global Initiative (CGI) has announced plans to launch a "Ukraine Action Network," ostensibly to facilitate the delivery of humanitarian aid to Ukrainians amid the West’s ongoing proxy war against Russia in the troubled Eastern European country.

The campaign, set to be formally unveiled Tuesday at the CGI’s annual conference in New York, is said to be the outcome of a collaborative effort between former First Lady and Secretary of State Hillary Clinton and current First Lady of Ukraine Olena Zelenskaya that began a year ago.

The Ukraine Action Network is expected to help “mobilize existing CGI partners, as well as new leaders from around the world, to create and finance new commitments for Ukrainians.” The details of the program, including which “Ukrainians” specifically are expected to benefit, have yet to be elaborated.

The Clintons shut down the CGI component of their Clinton Foundation non-profit in 2017, firing dozens of employees and shuttering the CGI’s New York office after donations by businesses and foreign nations dried up following Mrs. Clinton’s surprise loss in the 2016 presidential election.

The Clintons revived the CGI in 2022, with thousands of donors and hundreds of partnering organizations announcing the launch of over 140 different projects at last year’s conference.

Tags: POLITICS/ ELECTIONS/ CORRUPTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA
Posted on: Sep 19 06:22

Update (1705ET): As expected, Democrats are in fits over House Republicans' stopgap funding bill, also known as a Continuing Resolution (CR).

According to Sen. Chuck Schumer (D-NY), the bill is a "Freedom Caucus wish list" and a "hard-right screed" that has no chance in the Senate.

According to Rep. Hakeem Jeffries (D-NY), the GOP short-term funding bill is a "right wing wishlist that they want to jam down the throats of the American people," which is "unreasonable, unacceptable and laughable."

*  *  *

Rep. Kevin 'secret concessions' McCarthy (R-CA) is facing perhaps the biggest challenge of his eight months as House Speaker; avoiding yet another government shutdown with a fractured caucus (ouch!).

Tags: ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION
Posted on: Sep 19 06:21

Southern California drivers are feeling the squeeze of high gas prices yet again.

On Monday morning, the price of a regular gallon of gas averaged about $5.92 in the Los Angeles area, according to AAA.

That’s a 5-cent increase from the day before and nearly 40 cents more than a week ago.

For comparison, the national average is $3.88 per gallon.

Prices are high now, but they may be headed for a gradual decline as fall approaches, according to AAA.

What’s keeping them elevated for now is high oil costs, as prices “have jumped several dollars to hover around $90 per barrel,” AAA said.

 “Oil costs are putting upward pressure on pump prices, but the rise is tempered by much lower demand,” AAA spokesperson Andrew Gross said in a statement. “The slide in people fueling up is typical, with schools back in session, the days getting shorter, and the weather less pleasant. But the usual decline in pump prices is being stymied for now by these high oil costs.” 

Tags: ECONOMY, WHITE HOUSE
Posted on: Sep 19 06:20

Thousands of climate activists flooded the streets of Midtown, Manhattan on Sunday, initiating Climate Week ahead of the UN General Assembly in New York City.

Demonstrators held signs saying "End Fossil Fuel Use,""Declare a Climate Emergency" and "I didn't vote for fires and floods." The protesters implored US President Joe Biden and global leaders phase out fossil fuels, emphasizing their role in exacerbating climate change.

President Biden is among the world leaders set to attend the United Nations General Assembly, which is scheduled to formally open on Tuesday.

"We hold the power of the people, the power you need to win this election," said Emma Buretta, 17, of Brooklyn of the youth protest group Fridays for Future. "If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels." 

Webmaster addition: Wow! Just look at all those professionally printed signs and t-shirts! There is big money behind the climate hysterics!

Tags: CLIMATEGATE, COVER-UP/ DECEPTIONS/ PROPAGANDA, ECONOMY
Posted on: Sep 19 06:12

On Sunday, Italian Prime Minister Giorgia Meloni and European Union Commission President Ursula von der Leyen plan to visit the Italian island of Lampedusa where thousands of migrants arrived this week from Tunisia.

Meloni said in a video posted on X (formerly Twitter) on Friday evening that Italy needs the EU's help to handle the emergency.

"The migratory pressure Italy has been experiencing since the beginning of the year is unsustainable," said the far-right politician. As images of chaotic conditions on the island spread, she is under pressure to deliver on a campaign promise to end migration.

Tags: EUROPE, IMMIGRATION/GLOBALISM
Posted on: Sep 19 06:11

As winter approaches and the scale of Kiev’s losses in its failing counteroffensive emerges, Ukraine’s transgender military spokesperson Sarah Ashton-Cirillo has deftly avoided the topic and instead delivered a cringeworthy threat-laden rant on social media.

The one-time American political campaigner and newfound “Face of free Ukraine” struggled to contain her hatred for Russia and all things Russian. In a particularly energetic monologue, she said “propagandists” (meaning journalists who don’t toe Kiev’s narrative line on the conflict) would be “hunted down,” and made to “pay” for their refusal to agree with the Kiev regime’s worldview, apparently a war crime in the court of Ashton-Cirillo’s imagination.

Amidst her over-the-top promises of “gnashing of teeth and foaming at the mouth” to come, it’s worth pointing out that in many ways this person defines the many moral contradictions of the West’s proxy war. This theatrically presented individual is routinely rolled out by the Kiev regime, presumably in an attempt to underline Ukraine’s apparent acceptance of transgender people. In this, Vladimir Zelensky’s PR priority to virtue signal to the West trumps reality: his country has a track record of oppression against LGBTQ rights, detailed in multiple human rights reports published prior to the start of Russia’s military operation in February 2022. In an apparent effort to memory-hole that history, Kiev is now parading one of the world’s best-known transgender personalities, a personality who seems all too happy to deliver the threats of a regime capable of deploying a well-resourced and deadly security service to kill, maim, and terrorize its political opponents at home and abroad.

Tags: ASSASSINATION, POLITICS/ ELECTIONS/ CORRUPTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WHITE HOUSE
Posted on: Sep 19 06:10

Former US President Donald Trump is reportedly set to address current and former members of the United Auto Workers (UAW) union in Detroit instead of participating in the upcoming Republican primary debate.

An insider with the Trump reelection campaign relayed to US media that the former commander-in-chief is looking to speak with a crowd of current and former union members, as well as blue-collar workers in the plumbing and electrical industries.

However, early reports of the speaking event have not been warmly accepted by the UAW union, whose president issued a statement noting Trump is part of the problem the agency is trying to combat.

“Every fiber of our union is being poured into fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers,” UAW President Shawn Fain said told US media.

Tags: ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION
Posted on: Sep 19 06:10

The announcement comes as polling earlier showed how US public confidence in the armed forces fell to a 26-year low.

A cash bonus program for reenlisting soldiers was suspended as the US Army exceeded its retention targets, although it still expects to fall short of its annual recruitment goal.

The temporary discontinuation of the program was publicized with immediate effect on September 12 in an internal Army Military Personnel Center message. The suspension comes several months after the service announced in April they had met their yearly target, retaining more than 55,000 soldiers who had been scheduled to retire.

The initiative, officially known as The Selective Retention Bonus Program, offers bonuses up to tens of thousands of dollars for soldiers in specialized areas who choose to reenlist.

The temporary suspension of the program will last through the end of the Army’s fiscal year on September 30, when a new bonus program will be announced. Until then, soldiers may be eligible for other benefits upon reenlistment, including specialized courses or career training.

The announcement marks the fourth year in a row that retention goals were exceeded, but falling enlistment means the US Army continues to bleed soldiers. A shortfall of 15,000 new recruits against a target of 60,000 last year generated significant headlines. The Army is set to announce slightly higher numbers this year but is still expected to fall well short of this year’s target of 65,000 recruits.

Tags: WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Sep 19 06:09

However, it begs the question -- why are all these food processing plant fires, train derailments, arson-instigated forest fires, factory explosions happening in the first place?

There are several possible answers to this question:

  1. Biden's enemies overseas are conducting sabotage operations in the United States, preparing the battlefield for future conflict on our soil.
  2. Biden is involved with his CCP masters enabling the destruction of the United States. The Biden administration has said nothing about these statistically impossible under normal circumstances events.

IF AMERICANS DON'T THINK THE WAR IS ALREADY HERE THEY ARE MISTAKEN.

The war is here, and it's going to get much worse.

You can thank a stolen election which installed a Manchurian candidate in The White House for that, and the betrayal of our nation by many of those who wear our uniform, or work in our national security apparatus.

We are under attack and have a long road ahead of us to save the republic.

Tags: CURRENT EVENTS, DICTATORSHIP, ECONOMY, IMMIGRATION/GLOBALISM, POLITICS/ ELECTIONS/ CORRUPTION, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Sep 19 06:06

Ukrainian President Volodymyr Zelensky on Sunday insisted the Ukrainian counteroffensive will continue despite the upcoming change in weather, which US officials have said will impede Ukraine’s ability to continue the assault.

Chairman of the Joint Chiefs of Staff Gen. Mark Milley said last week that Ukraine only has between 30 and 45 days of “fighting weather” left as fall is approaching, meaning colder and wetter conditions that will make it harder for armored vehicle assaults.

“We need to liberate our territory as much as possible and move forward, even if it’s less than [half a mile or] a hundred [yards] we must do it. we can’t lose time,” Zelensky said when asked about the weather on “60 Minutes.”

“Forget about the weather, and the like. In places that we can’t get through in an armored vehicle — let’s fly. If we can’t fly — let’s send drones. We mustn’t give Putin a break,” he added.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Sep 19 06:05

Faced with the wave of regime changes in French-speaking Africa, the French media are stunned. They can’t explain the rejection of France.

The old refrains about colonial exploitation are unconvincing. For example, Paris is exploiting Niger’s uranium, not at market price, but at a ridiculously low one. However, the putschists have never raised this argument. They’re talking about something else entirely. Accusations of Russian manipulation are no more credible. Firstly, because Russia doesn’t seem to be behind the putschists in Mali, Guinea, Burkina-Faso, Niger or Gabon, but above all because the evil far predates their arrival. Russia only arrived in Africa after its victory in Syria, in 2016, whereas the problem dates back to at least 2010, if not 2001.

As always, what makes the situation unreadable is forgetting how it came about.

Following the attacks of September 11, 2001, the United States assigned a role in Africa to its vassal, France. The aim was to maintain the old order there, while waiting for AfriCom to settle in, and for the Pentagon to extend to the dark continent the destruction of political institutions it was already carrying out in the "wider Middle East". [1] Gradually, Republican politics gave way to tribal politics. From one point of view, this was an emancipation from heavy French aid; from another, it was a formidable step backwards.

Tags: AFRICA, FRANCE, WHITE HOUSE
Posted on: Sep 19 06:05

On his personal Telegram account, Ukrainian President Volodymyr Zelensky posted a short video (see at the foot of this page) of his visit to troops in Bakhmut in the company of his chief of staff.

He is seen there with “white führer” Andriy Biletsky, military leader of the Ukrainian “integral nationalists”. According to the latter, Ukraine’s mission is "to spur the white races of the world towards a final crusade...against the Semite-led Untermenschen [sub-humans]".

“Integral nationalism” is an ideology devised by the Ukrainian Dmytro Dontsov (1883-1973), modeled on the tenets of French national Charles Maurras, and rooted in the hatred of Jews and Russians. Serving at first as a Reich secret agent, in the course of World War II Dontsov became one of the main planners of the final solution of the Jewish and Gypsy questions, exploiting his managerial position at the Reinhard Heydrich Institute in Prague. He was not tried at Nuremberg, but was picked up and groomed by the CIA. Contrary to what his Wikipedia entry falsely indicates, he did not die in Canada, but in the U.S. location of South River, New Jersey.

After founding the Azov regiment and suffering a defeat at Mariupol, Andriy Biletsky set up a mechanized infantry unit, the 3rd assault brigade - currently the main Ukrainian unit engaged in the Battle of Bakhmut.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Sep 19 06:04

Russian forces conducted a long-range strike on Ukrainian warehouses storing Western-supplied weapons, including long-range missiles and depleted uranium shells, the Defense Ministry in Moscow has said.

In a statement on Monday, the ministry said the military had conducted an overnight high-precision attack on Ukrainian facilities using air-launched assets and drones. The strikes targeted “the Kiev regime’s sites storing Storm Shadow cruise missiles, depleted uranium ammunition,” the statement said.

The ministry added that the barrage and the drone raid also hit Ukraine’s signals intelligence centers and facilities that train sabotage groups. “The strike’s objective has been achieved. All facilities have been hit,” it added.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Sep 19 05:52

Bulgarian farmers have taken to the streets in protest, causing blockades at dozens of highways and border crossings on Monday. They are voicing their discontent with the government’s decision to lift the ban on Ukrainian grain imports.

The protest follows unsuccessful attempts to resolve the matter through negotiations with the government. Professional associations are actively participating in this widespread demonstration, with 26 joining the cause.

The protest is slated to continue with a mass rally in the capital, Sofia, scheduled for Tuesday. National authorities have called on participants to adhere to the law.

Tags: ECONOMY, EUROPE, RUSSIA/ UKRAINE /BELARUS /CRIMEA
Posted on: Sep 19 05:51

Kiev may sue Poland, Hungary, and Slovakia in the World Trade Organization (WTO) as soon as Monday over their bans on the import of grain from Ukraine, according to its trade representative, Taras Kachka. Retaliatory unilateral restrictions are also on the table, he told Politico.

In particular, Ukraine may prohibit the import of fruits and vegetables from Poland, since Warsaw not only kept the previous restrictions in place, but also added to them, the official said on Sunday.

In May, the three nations plus Romania and Bulgaria convinced the EU to agree to a temporary ban of Ukrainian grain in their domestic markets. The measure expired last Friday, but three of the five reimposed domestic protectionist measures.

Poland and Hungary expanded their lists of banned goods, which Kachka called “ridiculous.” He described Budapest’s doubling down as largely symbolic, unlike Warsaw’s ban of flour and feed, which will have significant consequences for Ukrainian producers. A retaliation against Polish fruits and vegetables will follow unless the country reconsiders the move, the official warned.

Tags: ECONOMY, EUROPE, RUSSIA/ UKRAINE /BELARUS /CRIMEA
Posted on: Sep 19 05:50

Independent media outlet Rebel News has won a court victory against Prime Minister Justin Trudeau’s Liberal environment minister who blocked them from viewing his official government account. 

On September 11, the Federal Court of Canada ordered Environment Minister Steven Guilbeault to pay $20,000 in damages and to unblock Rebel News editor-in-chief Ezra Levant from Guilbeault’s official government account on X, formerly known as Twitter.   

“Rebel News just crushed Steven Guilbeault in the Federal Court of Canada,” said Levant.“And in doing so, we struck a blow for freedom of speech and freedom of the press for everyone.”  

Two years earlier, Guilbeault ordered that the independent media outlet be blocked from his official account, meaning Rebel was unable to receive any government news updates, respond to posts, or ask journalistic questions. 

Tags: CANADA, CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, DICTATORSHIP
Posted on: Sep 19 05:48

According to the latest polling, Donald Trump has a strong lead in the GOP primary race. Many Republican voters have supported the former president since 2020. And many more appear to have gotten behind him, in response to the Democrats’ four indictments against him.

Many have speculated on Trump’s chances in the general election, given the endless controversies and problems swirling around him. But there is a good chance the race will come down to Biden and Harris against Trump and the running mate of his choice. Now, Trump appears to be dropping a hint on who that person might be.

From Daily Caller:

Former President Donald Trump suggested that he may pick a woman as his vice presidential running mate if he wins the Republican nomination, according to a report by NBC News on Saturday…

“I like the concept, but we’re going to pick the best person. But I do like the concept, yes,” said Trump when asked if he was leaning towards choosing a woman. Trump also said that does not “think too much about it.”

Tags: POLITICS/ ELECTIONS/ CORRUPTION
Posted on: Sep 19 05:47

Our government, or the unelected billionaire globalists behind the curtain, are telling us the bad guys are Russia and China.

I do not consider them enemies. I consider them countries acting in a way that benefits them.

The U.S. is the global bully, intimidating and bribing countries to do their bidding.

Ukraine, the most corrupt country in the world, and the playground of the Biden Crime Family, has been utilized by Biden and his neo-con handlers, to try and bleed Russia so they can beat them in their next war. Instead, they have used the young men of Ukraine as cannon fodder, leaving that country with no future.

That’s what the U.S. global empire does. It destroys.

Franklin was right.

The government is telling us who the bad guy is, but the real bad guys are them.

We will not be allowing our youth to be used as cannon fodder in their next wars of choice.

Tags: PROTESTS/ REVOLUTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Sep 19 05:46

Right-wing politicians gathered in Italy at a political rally hosted by League leader Matteo Salvini in the run-up to next year’s European Parliament elections, with the parties focusing on fighting mass immigration and the left-liberal bloc’s domination of European politics.

During the rally, France’s Marine Le Pen, parliamentary leader of the National Rally, said that Europe’s right-wing parties must gather forces together to protect the people of Europe against mass immigration.

Tags: EUROPE, IMMIGRATION/GLOBALISM
Posted on: Sep 19 05:45

YouTube has stopped Russell Brand from being able to earn any money through his channel for 'violating our Creator Responsibility policy'.

The 48-year-old produces around five videos a week for his 6.6million subscribers, earning him an estimated £1million a year. 

Under the terms of his suspension Brand - whose net worth has been estimated at between £15m and £40m - will still be allowed to post videos on the platform but will not receive any of the advertising revenue. 

YouTube said in a statement: 'If a creator's off-platform behaviour harms our users, employees or ecosystem, we take action to protect the community. This decision applies to all channels that may be owned or operated by Russell Brand.'

Other channels associated with his main YouTube page include Football Is Nice, which has some 20,000 subscribers, Awakening With Russell, which has 426,000 subscribers, and Stay Free With Russell Brand, which has 22,200 subscribers.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, POLITICS/ ELECTIONS/ CORRUPTION
Posted on: Sep 19 05:44

Thousands of supporters of the Czech non-parliamentary PRO (Law, Respect, Expertise) party gathered in the center of Prague on Saturday to demand the resignation of the country’s government over its pro-Western policies.

It is estimated that some 10,000 people attended the rally, which was held at Prague’s Wenceslas Square, according to local reports cited by Reuters. The PRO party, however, claims that over 100,000 people participated in the anti-government demonstrations, which were the third of their kind organized by the populist group this year.

The head of the party, Jindrich Rajchl, claimed during the event that the Czech Republic’s current five-party ruling coalition, headed by Prime Minister Petr Fiala, was “following orders from Brussels” and criticized the government’s continued military support for Ukraine, as well as its close ties with the United States.

Tags: EUROPE, POLITICS/ ELECTIONS/ CORRUPTION, PROTESTS/ REVOLUTION, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Sep 19 05:42

This is the best news since the Bush-Blair duo saved us from the nuclear holocaust Saddam was about to unleash upon us. Half a million—perhaps even one million—dead Iraqis later, we were, nevertheless, saved with minutes to spare, so we should always believe official sources. Especially when Uncle Sam is involved.

This time the good news is not nuclear but musical. The Mostly Mozart Festival has been canceled by New York’s Lincoln Center after fifty-odd years because of rising disdain for “elitism and exclusivity.” Instead, “the Criminal Queerness Festival,” as it’s called, is geared toward “neurodiverse audiences and the world’s first LGBTQIA mariachi group,” Welcome, Cardi B, Pusha T, and Snoop Dog; so long and goodbye, Wolfgang Amadeus Mozart.

I read that the final two Mostly Mozart concerts were packed, but in today’s low-life, celebrity-driven woke culture, disdain for great music and the miracle that is Mozart needs no excuses. Lincoln Center will probably soon be renamed George Floyd Memorial, or better yet, Black Lives Matter Hall. Art had, once upon a time, a responsibility to make the planet more beautiful. Mozart and thousands of others did just that. Now Damien Hirst and fellow “artists” like Snoop Dog make the planet as ugly as those who own their art or listen to their rap music. Wolfie, as I like to call the greatest of musical miracles, wrote six immortal operas including the Requiem, 41 symphonies, almost fifty concertos, 24 chamber works, and eighteen miscellaneous pieces, but is now replaced by “artists” who include the F-word, the N-word, and the S-word in every single woman-hating, violence-praising sentence of their singularly untalented noise. Bravo, and long live the decision-makers at Lincoln Center, who, incidentally, I have heard from an impeachable source, were all conceived by a chimp with a dose of the clap.

Never mind, as an eternal optimist said in Hiroshima after the blast, “It could get worse.” I know it could, but canceling Mozart for the cesspool that is rap and hip-hop is equivalent to choosing Lizzo over Lily James, or one with moles, boils, and warts over the divine Keira Knightley. And the irony is that no one from the packed house of the last concert dared say a word. That’s because the woke left defines what Americans can think and say nowadays, and no Christians, whites, or conservatives need apply, let alone Mozart fans.

Tags: CURRENT EVENTS
Posted on: Sep 19 05:39

It wasn’t long ago that every forward-thinking politician understood that the rules-based-liberal-order was the only game in town.

Devotees of this new order were celebrating the collapse of the Soviet Union and the ultimate dominance of the world by the winners of the Great Game. One of the leading grand strategists of this Great Game was former National Security Advisor and Trilateral Commission co-founder Zbigniew Brzezinski who wrote in his 1997 Grand Chessboard: American Primacy and Its Geostrategic Imperatives:

“How the United States both manipulates and accommodates the principal geostrategic players on the Eurasian chessboard and how it manages Eurasia’s key geopolitical pivots will be critical to the longevity and stability of America’s global primacy.”

Anyone resisting this new normal were considered holdouts of an obsolete past age and ignorant of the inevitable Darwinian forces of natural selection propelling humanity towards a long-awaited ‘end of history’ as outlined by neo-con academic Francis Fukuyama. However those who devoted themselves to this cause were promised great rewards.

Few were as quick to jump onto this ‘End of History’ bandwagon as Delaware Senator Joe Biden.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Sep 19 05:38

Before we get to UK property owners failing to comply with new energy rules could face prison (it has to start somewhere). Let's talk about the canary in the mortgage market because it all ties together.

Our opinion on real estate in leveraged (that is, Western) markets has for at least five years now been one of selling or standing on the sidelines.

Nothing we are looking at now changes this baseline view. It isn’t so much about real estate as much as it is about interest rate cycles and credit cycles, to which real estate is closely tied.

This is an unpopular view, mostly as far as we can tell because the majority of folks tend to have a sizable chunk of their wealth in property — in many instances, the majority of their net worth.

This has always struck me as a poor strategy, if only because it involves emotion and it rarely pays any income (unless you’re renting out rooms in your house).

In any event, the tanking of one of the market darling IPOs — a mortgage company — is a harbinger of things to come.

Tags: CLIMATEGATE, DICTATORSHIP, ECONOMY
Posted on: Sep 19 05:37

China on Monday reacted angrily after over the weekend a clip of German Foreign Minister Annalena Baerbock referring to President Xi Jinping as a "dictator" went viral. Beijing summoned the German ambassador to China to lodge formal protest, saying it is "extremely dissatisfied" with the remarks which were given to Fox News during Baerbock's visit to the US.

China said it has "made serious inquiries" with the German government over the interview. Additionally in a daily briefing foreign ministry spokesperson Mao Ning called the comments from Germany's top diplomat "absurd" and blasted the "open political provocation" as the words "violate China’s political dignity".

Baerbock in the Thursday Fox interview had said "We will support Ukraine as long as it takes," but then followed with: "If Putin were to win this war, what sign would that be for other dictators in the world, like Xi, like the Chinese president? Therefore, Ukraine has to win this war."

The dictator comment immediately grabbed world headlines, with the clip being shared widely on social media.

"(The comments) are extremely absurd and are a serious infringement of China's political dignity and an open political provocation," China's foreign ministry said.

China far and away accounts for the bulk of all imports into Germany, with bilateral trade last year hitting record $337 billion.

Tags: CHINA, GERMANY
Posted on: Sep 19 05:36

The United Auto Workers chief warned Sunday that a historic strike at the top three car manufacturers will expand if the companies do not raise their wage offers in ongoing negotiations.

Stellantis, one of the three, had offered its workers what it called a "highly competitive" wage increase of 21 percent over four years, but UAW President Shawn Fain called that "definitely a no-go."

"If we don't get better offers and... take care of the members' needs, we're going to amp this up even more," Fain told CBS News talk show "Face the Nation," saying General Motors, Ford and Stellantis have "no excuse" for not resolving salary disputes given their massive profits of recent years.

"We're prepared to do whatever we have to do. The membership is ready, the membership is fed up."

The UAW is demanding improved conditions across the board for its workers, including a 40 percent pay raise over the next four-year contract. All three companies have been offering raises of around 20 percent.

Tags: ECONOMY
Posted on: Sep 19 05:36

Emmanuel Cherry, the chief executive of an association of Ghanaian construction companies, sat in a cafe at the edge of Accra Children’s Park, near the derelict Ferris wheel and kiddie train, as he tallied up how much money government entities owe thousands of contractors.

Before interest, he said, the back payments add up to 50 billion cedis, roughly $4.4 billion. “Most of the contractors are home,” Mr. Cherry said. Their workers have been laid off.

Like many others in this West African country, the contractors have to wait in line for their money. Teacher trainees complain they are owed two months of back pay. Independent power producers that have warned of major blackouts are owed $1.58 billion.

The government is essentially bankrupt. After defaulting on billions of dollars owed to foreign lenders in December, the administration of President Nana Akufo-Addo had no choice but to agree to a $3 billion loan from the lender of last resort, the International Monetary Fund.

Tags: ECONOMY
Posted on: Sep 19 05:35