I need to reach a wider audience!
I need to reach a wider audience!
"Bailout: Taking a trillion dollars from the people and giving it to the banks so the banks can loan it back to the people, at interest!" -- Michael Rivero
History will give a full accounting of the grave errors committed in recent years in economic policy. A central lesson is already clear: Nothing is as expensive as free money.
The costs of the Federal Reserve’s zero-interest policy are multiplying: The misallocation of capital—goosing the price of the riskiest and least-productive of assets—set the conditions for boom and bust. The financing of the “big state” set the country on an unsustainable fiscal trajectory. The extraordinarily loose financial conditions created herd behavior among market participants and firms and complacency among policy makers, including regulators. The surge in inflation substantially raised the cost of living for citizens and undermined business planning.
The latest consequence, arising from a reversal of the monetary madness, brings to the surface the fragility that has long lurked in the financial system. I expect credit to contract and the economy to weaken.
The Federal Reserve’s zero-rate policy ranks among the most significant economic policy errors in nearly half a century. After more than a decade of negative real interest rates, the Fed doubled down. In August 2020 at its Jackson Hole, Wyo., conference, the Fed announced a new policy framework to address what it saw as its biggest problem: Inflation was too low at 1.7%. Zero rates and massive Fed purchases of Treasurys and mortgages would be the cornerstone of the new regime.
The government will approve at its next meeting on Sunday a decision to subjugate Israel's National Guard to National Security Minister Itamar Ben-Gvir, in exchange for Ben-Gvir's party, Otzma Yehudit, promising not to leave the government over Netanyahu's intention to postpone the legislation of the first judicial reform bill.
The National Guard is currently a unit within the Border Police, and was formed during the previous government's tenure in the wake of the rioting during Operation Guardian of the Walls. Its purpose is to provide security in similar situations in the future. It numbers approximately 900 regular fighters, and thousands more reservists and volunteers.
The protests in Israel are likely to continue after the suspension of judicial reform, Viktor Smirnov, the head of the Israel and Jewish Communities Department at the Russian Academy of Sciences’ Institute of Oriental Studies, told TASS on Monday.
"The duration and mass nature of protests and demonstrations, the growing mutual accusations in relations between the government and the opposition, the emergence of disagreements in the ruling coalition that was recently formed by [Israeli Prime Minister] Benjamin Netanyahu following the parliamentary elections in November last year - all this makes us talk about the seriousness of the unfolding situation. And, apparently, calm will not settle down even after the prime minister decided to stop the advancement of the judicial reform," he said.
The organizers of the second Summit for Democracy, which is set to take place virtually under US auspices later this week, are inciting participants to include anti-Russian language in the event’s concluding statement, Russian Ambassador to the US Anatoly Antonov said in an interview with the Newsweek magazine that was published on Monday.
The "organizers of the second 'Summit' are vigorously inciting others to include odious anti-Russian language in the draft of the joint final declaration," the diplomat said.
"Draft texts for the upcoming meetings give the feeling that this year Washington has set a goal of shaping a human rights coalition against Russia and dragging partners into anti-Russian traps under the cover of a noble idea of developing democracy," Antonov said. "It is obvious that subsequently the drafted statement will be manifested as a common international position condemning my country for upholding national sovereignty and defending democratic freedoms of the Russian people in the east of Europe."
... to not repeat myself while elaborating on Putin's and Patrushev's interviews, I decided to give a very short, radically insufficient, overview:
Nikolai Patrushev: The "summit for democracy" organized by the current White House staff is certainly held within the framework of the US presidential race that has actually started. It will be another gathering in favor of the world order, where Washington wants to play a central role forever. And dissidents are expected to be labeled "undemocratic states."
Once again, the United States will declare itself a defender of international law, while it will definitely declare that the world should live by its rules. Geopolitical opponents will be accused of knowingly false accusations of war crimes and corruption from the rostrum, but, as usual, they will turn a blind eye to real acts of genocide and financial fraud committed with the approval of the White House. There will be promises to make efforts to feed the starving and release the unjustly convicted from prisons. However, they will keep silent that about a fifth of all prisoners in the world are in American prisons, including those sentenced to several life terms. With particular zeal, they will defend the rights of sexual minorities and impose a "green agenda" on the whole world, exacerbating the energy crisis in satellite countries.
The West is stuck between the public sentiment which it contrived and the reality on the ground, Alastair Crooke writes.
Consequential Strategic Change – Upon leaving his meeting with Vladimir Putin, Xi Jinping said to Putin, “Change is coming that hasn’t happened in 100 years – and we are driving this change together”.
The ‘Entente’ was sealed during hours of talks over two days, and amidst a plethora of signed documents. Two powerful states have formed a duality that, in marrying a gigantic manufacturing base to the pre-eminent raw materials supplier and the advanced weaponry and diplomatic nous of Russia, leaves the U.S. in the shade. A seat in the shadows (assumed through volitation, or inability to contemplate such radical transition) reflects the U.S. with its back turned towards participation in the unfolding multipolar world.
The Ukrainian military has received 18 Leopard 2 main battle tanks from Germany, Der Spiegel reported on Monday. Kiev has already taken delivery of Leopards from Poland, but Western analysts say it will need several times more that amount in order to make an impact on the battlefield.
The tanks left Germany last week and were handed over at an undisclosed location along Ukraine’s border, the magazine reported, citing anonymous sources. While the exact location of the handover was not made clear, most Western-supplied weapons to date have entered Ukraine via Poland.
The United Nation's human rights watchdog has voiced alarm over the Zelensky government's targeting of the Ukrainian Orthodox Church (UOC) in a report published on Friday. The UOC, which still maintains communion with the Russian Orthodox Church, has seen its priests and monks expelled from some churches and monasteries of late, after the Ukrainian government has sought to bolster a rival nationalist church, also through controversial legislation.
The Office of the United Nations High Commissioner for Human Rights said in the new report that it is "concerned that the State’s activities targeting the UOC could be discriminatory." The UN report pointed to "vague legal terminology and the absence of sufficient justification" in proposed anti-UOC legislation being pushed forward by the Zelensky administration.
Despite the fact that initially Poland intended to transfer 28 MiG-29 fighters to Ukraine, and later, due to the lack of coordination of such actions with Germany, announced the transfer of only 20 combat aircraft to Ukraine, this morning it became known that the supply of MiG-29 fighters to Ukraine and completely canceled.
What exactly caused such a decision is still unknown, however, in all likelihood, the reason was the disagreement on compensation to Warsaw for such supplies from NATO.
Considering the current situation, Ukraine will be able to receive combat aircraft only from Slovakia, however, even in this case, we are talking about 13 fighters, which creates a rather serious threat, since these aircraft have already been converted to use Western-made missiles, as previously reported by the Slovak media.
Подробнее на: https://avia-pro.net/news/v-polshe-otkazalis-peredavat-ukraine-svoi-istrebiteli-mig-29
For literally decades, people scoffed-at "conspiracy theorists" talk about the US Dollar collapsing. They laughed at "the tin foil hat crowd" when it screamed from the rooftops that rampant over-spending would kill our currency. The responses to the conspiracy theorists and tin-foil-hat-crowd was simple: "The dollar is the world's reserve currency; the world can't do without it." Turns out, the responses were wrong.
Within the past 24 hours, far left-wing CNN and far right-wing FOX NEWS have both begun airing stories about "De-Dollarization." For both the far-left and the far-right main-stream-media to be airing such stories is no coincidence. That the MSM is now airing this means the powers-that-be in the US know - as a matter of absolute fact - the world __is__ turning its back on the Dollar, and that means trouble is coming to the US. Trouble on a scale that literally NONE of us has seen in our lifetimes.
The United States Embassy in Jerusalem has told Americans to "Leave Israel Immediately." The country of Israel is descending rapidly into what some have called "Civil War."
Unions have gone on strike. The airports have all shut down. Restaurants, banks, shopping malls, have all joined in a national strike against proposed changes to the government that would basically gut the Judiciary of Israel.
Members of the Israeli military are openly DESERTING after Prime Minister Benjamin Netanyahu FIRED the Defense Minister for opposing judicial reforms.
Former Prime Minister Ehud Barack says Netanyahu and his "gang" are "acting insane and bringing civil war to the country."
Israel's Counsel General in New York has resigned.
Russian fighters destroyed another stronghold of the Armed Forces of Ukraine on the front lines in the area of Avdeevka. The trenches of the Ukrainian Army became a mass grave for fighters from Poland and Georgia.
Another video shows more Georgian fighters still alive in Ukrainian trenches. Amid the intense shelling, they are forced to hide near the corps of their dead comrades:
Russia's diplomatic links to Europe continue to collapse at a moment nuclear rhetoric is increasing and growing more dangerous. Simple communication among governments also continues to grow worse, making conflict de-escalation among major powers all the more difficult.
Germany announced Saturday that it is planning to expel more than 30 Russian diplomats from Berlin. German Federal Minister for Foreign Affairs Annalena Baerbock indicated to local media plans for the new wave of expulsions Saturday.
Humza Yousaf, a left-separatist who has pioneered anti-free speech legislation and lobbied for fewer white people in high office, will be sworn in as the leader of Scotland on Wednesday.
Yousaf has succeeded Nicola Sturgeon as leader of the Scottish National Party (SNP), which leads Scotland’s devolved government — roughly equivalent to a U.S. State government — in coalition with the even further left Scottish Greens.
He saw off Christian rival Kate Forbes, who was pressured over her private opposition to same-sex marriage during an internal leadership campaign, falling short in the first round by scraping over the halfway mark with 52.1 per cent of the vote after the votes of an eliminated third candidate were redistributed to him under a complex Single Transferable Vote system.
Right now, many of us vets are looking back on our years of service and wondering what the hell we did it all for. We used to know – for the USA. Yet you look at the disaster that is our country, our culture, and our beloved military, and you just want to go find a wall and pound your head against it. But a lot fewer folks are going to have this problem in the future because a lot fewer young people are joining our military. The Pentagon can't meet its recruiting goals, and, of course, the fault is our young people, our potential soldiers, for being unwilling to sacrifice their time, and sometimes their lives, in support of the bizarre social pathologies that our garbage ruling class embraces.
Bending to a wave of mass protests, Israeli Prime Minister Benjamin Netanyahu delayed his contentious judicial overhaul plan Monday and said he wanted 'to avoid civil war' by making time to seek a compromise with political opponents.
The announcement appeared to calm some of the tensions that have fueled three tumultuous months of unrest. But it failed to address the underlying issues that have polarized the nation, and the antigovernmental protest movement vowed to intensify its efforts.
In his prime-time address, Netanyahu, who had previously rejected calls to delay the legislation, took a more conciliatory tone than in recent speeches. He acknowledged the deep divisions in the country and said he was hitting the pause button 'to prevent a rift in the nation.'
White House Press Secretary Karine Jean-Pierre responded to the mass shooting at a Nashville, Tennessee, elementary school by blaming Republicans for opposing gun control measures.
“We must do more, and he [Biden] wants Congress to act, because enough is enough. In his State of the Union, the President called on Congress to do something to stop the epidemic of gun violence tearing families apart, tearing communities apart,” Jean-Pierre said shortly after mourning the victims of the shooting.
But, that said: The Pope Coat Incident makes clear that AI can and will also be used for the equivalent of making hyper-realistic cartoons. For dreaming up fantasy fashion statements, combining any given celebrity with any given clothing ensemble like an infinite set of paper dolls. For creating the photographic equivalent of fanfic. It may have been one of the first true mass AI misinformation events, in other words, but the puffer-pope saga was also … pretty low-stakes.
Last week, as rumors that Trump might be arrested imminently swirled, the realistic-looking images of that still-hypothetical event — also created by Midjourney — began to flood social media. While most images, upon closer inspection, were clearly generated by AI, many experts saw their arrival and proliferation as a harbinger of AI’s power to intentionally mislead. On Thursday, Trump shared an image on his site, Truth Social, that depicted his likeness kneeling in prayer under dramatic lighting. It began making the rounds among his supporters but was revealed soon afterward to be a “deepfake,” hallmarked as such by the strange not-quite-lifelike presences in the background and certain telltale distortions of aspects of fake-Trump’s body.
The findings of an initial expert report were astonishing: One of the 20th century’s revered Catholic leaders, who built an international movement of community care for people with intellectual disabilities, perverted Catholic doctrine about Jesus and Mary to justify his own sexual compulsions and abuse women.
The findings of a second report were even worse: The movement he created had at its core a secret, mystical-sexual “sect,” and was founded for the precise purpose of hiding the sect’s deviant activities from church authorities.
The two rounds of revelations about Jean Vanier and the L’Arche federation he founded have rocked the group to its core, all the more because L’Arche itself commissioned independent scholars to investigate after receiving a first complaint from a victim a few years before Vanier died in 2019. It’s the latest case of a Catholic giant, considered a living saint by his admirers and eulogized as a “great” Christian by Pope Francis, falling to revelations that he abused his power to sexually exploit women under his spiritual sway.
In a federal court case over Starbucks’ alleged anti-union retaliation, the coffee giant is deploying a maneuver that labor experts say could have a chilling effect on workers’ organizing efforts and potentially set a disastrous precedent — hijacking the proceedings to dig up information on employees and intensify retaliation as part of its battle to crush a labor uprising in its stores.
That includes the Buffalo location where employees launched the Starbucks Workers United organizing campaign that has now spread nationwide — and where the company fired six workers in alleged retaliation for organizing.
Federal labor regulators are suing Starbucks on behalf of the union and workers over its conduct, but last October, a Trump-appointed judge in Buffalo, New York, ruled that as a defendant in the case, Starbucks is allowed to use subpoena power to obtain employee communications — even though the company can then use those communications to identify union sympathizers within its workforce.
Congresswoman Alexandria Ocasio-Cortez has recently come under fire for defending Chinese-owned social media platform TikTok following reports of its parent company ByteDance donating six-figure sums to the Congressional Hispanic Caucus Foundation and the Congressional Black Caucus Foundation in December.
According to Fox News, Shou Chew, the CEO of TikTok's parent company, testified before the Congressional House Energy and Commerce Committee Thursday on the degree to which the company puts users' personal data into the hands of the Chinese Communist Party. Ocasio-Cortez then took to her TikTok platform, where she has nearly 400,000 followers, to defend the social media giant.
As increasing evidence of the Biden family's financial ties to China comes to light, Americans are urging President Biden to address the "significant and important" connection.
On "Mornings with Maria" Monday, Maslansky + Partners President Lee Carter expressed her concern, noting that the President's relationship with Beijing poses a major threat to the nation. Her comments follow Senator Ron Johnson's recent revelation on "Sunday Morning Futures" that records from Cathay Bank – an American bank founded by Chinese Americans – matched those of U.S. regulators.
This bank, which operates offices in Beijing, Shanghai, and Taipei, appears to be linked to the House Oversight Committee's investigation into the Biden family's overseas business dealings.
Nashville police identified the shooter who opened fire on Monday morning at The Covenant School as 28-year-old Audrey Hale, a transgender former student at the private Presbyterian school.
Three children and three adults were murdered in the shooting: Evelyn Dieckhaus, 9, Hallie Scruggs, 9, William Kinney, 9, Cynthia Peak, 61, Katherine Koonce, 60, and Mike Hill, 61.
Nashville police chief John Drake identified Hale as a transgender woman on Monday afternoon, but Hale listed "He/Him" pronouns on a LinkedIn profile.
Schiff doesn’t just criticize the US’s state of economic affairs, just for the sake of racking up views and clicks.
The Euro Pacific Capital CEO has strong philosophical foundations. He’s a staunch proponent of the Austrian school of economics and is a firm believer of sound money and small government.
When he appears on mainstream financial shows, he’s generally the only voice of reason. But that has not stopped him from dropping uncomfortable truths. If anything, it further fuels his unquenchable desire to expose the ruling class’s economic machinations.
With mass inflation all around us and a new set of bank bailouts right around the corner, Schiff is sounding the alarms yet again on another financial collapse.
Ukrainian soldiers have been filmed alongside depleted uranium ammunition that Britain is supplying to their country for the fight against Russia.
The footage is contained in a documentary the UK Ministry of Defence (MoD) released Sunday as Ukrainian tank crews completed their training.
Britain is gifting 14 Challenger 2 tanks to Ukraine together with depleted uranium shells, which Declassified revealed last week.
Russia could demand compensation for damages over the sabotaged Nord Stream gas pipelines in the Baltic Sea, a senior Russian diplomat told Russian news agency RIA Novosti in an interview.
“We do not rule out raising the issue of compensation for damages as a result of the explosion of the Nord Stream gas pipelines,” Dmitry Birichevsky, Head of the Economic Cooperation Department at the Russian Foreign Ministry, was quoted as saying.
The official did not specify with whom Russia would seek compensation.
Yousaf beat devout Christian Kate Forbes to become the next leader of the governing SNP party, despite being strongly disliked among the Scottish electorate...
Humza Yousaf has won the Scottish National Party leadership contest and will succeed the outgoing Nicola Sturgeon as First Minister of Scotland, despite being disliked by almost half of Scots, according to recent polling.
The Scottish health secretary will become the first Muslim to attain the role. He narrowly beat colleague and practicing Christian Kate Forbes by 52 to 48 percent once second preference votes were counted after outsider Ash Regan was eliminated in third place.
The 37-year-old is expected to be formally sworn in as Scotland’s sixth first minister at the Court of Session in Edinburgh on Wednesday, subject to a procedural parliamentary vote on Tuesday.