Thought for the day
"News is what someone wants to suppress. Everything else is advertising." -- former NBC news President Rubin Frank
My columns have turned rather apocalyptic of late, but for a valid reason. Just this week, we got confirmation that our financial system is, again, on the brink of collapse, when the Bank of England (BOE) was forced to enact, de facto, a bailout of the pension funds of the United Kingdom.
On Sept. 28, around noon, the Bank of England stepped (back) into the gilt markets and started buying government bonds with longer maturities to stop the collapse in their value, which could have caused the financial system to become unhinged. Pension funds were faced with major margin calls, which threatened to cause a rapidly cascading run on their liabilities, as trust in their liquidity and solvency would have become questioned by a widening circle of investors and customers.
Without the BOE intervention, mass insolvencies of pension funds, with about $3 trillion worth of assets—and thus most likely other financial institutions—could have commenced on that afternoon. It’s obvious that if one of the major financial hubs of the world, the City of London, would face a financial panic, it would spread to the rest of the world in an instant.
On Monday the Pentagon announced that a successful airstrike over the weekend in Somalia has killed a top leader of the al-Shabaab terror group. The airstrike happened on Saturday outside the city of Jilib, roughly 370 kilometers southwest of Mogadishu.
"Al-Shabaab is the largest and most kinetically active al-Qaeda network in the world and has proved both its will and capability to attack U.S. forces and threaten U.S. security interests," an Africom statement revealing the operation said.
"US Africa Command, alongside its partners, continues to take action to prevent this malicious terrorist group from planning and conducting attacks on civilians," the statement continued.
The Pentagon claimed that there were no civilian casualties as a result of the airstrike. Interestingly, US officials did not name the particular terror commander who had been taken out.
Nadir, who the Somali government said had been wanted for a "long time," had a $3 million U.S. bounty on his head.
There have been reports of high-profile acts of political violence against Republicans and conservatives since President Joe Biden’s controversial “MAGA Republicans” speech last month.
“Donald Trump and the MAGA Republicans represent an extremism that threatens the very foundations of our republic,” Biden said during a politically charged speech on Sept. 1 in Philadelphia.
While speaking in front of a dimly lit red backdrop and flanked by two U.S. Marines, Biden alleged that “MAGA Republicans” also promote “authoritarian leaders” and “fan the flames of political violence” to target rights and the “very soul of this country.”
While it isn’t clear if Biden’s speech motivated acts of vandalism or politically motivated attacks, several Republican offices across the country have been vandalized since then, including the Larimer County Republican Party in Fort Collins, Colorado; the Ottawa County Republican Party in Hudsonville, Michigan; and the Nebraska Republican Party headquarters in Lincoln, Nebraska.
The Republican Party office in Seminole County, Florida, was vandalized after Biden claimed days before his Philadelphia speech that Republicans engaged in “semi-fascism.”
“[Officials] came out and found that all of the signs had been hacked to pieces, our building had been vandalized, our permanent sign on the outside of the building had been torn up,” Keith den Hollander, chairman and vice chairman for Ottawa County Republican Party, told local media outlets last week. “Really disappointed to see this.”
A pregnancy center in Oakland County, Michigan, also was targeted by vandals, who scrawled pro-abortion threats on its front door. It’s the second time that the facility was targeted in the past year, according to local media outlets.
Swedish seismologists reported that one of the three explosions measures 2.3 on the Richter Scale of earthquake intensity, but this was no earthquake. It was explosion—like a gigantic undersea mine.
After it joined the World Trade Organization in 2000 and anchored the Chinese yuan (a.k.a. renminbi) to the U.S. dollar, China linked its economy to the United States. Enforcing a fixed exchange rate regime with strict capital controls, China benefited from large inflows and relatively low-interest rates due largely to the low-interest rate environment in the United States. What happens to the Chinese economy when interest rates increase in the United States?
Sovereign currency policy faces the intractable dilemma of what economists call the “impossible trinity.” Countries can have a fixed exchange rate, free capital flow, or sovereign monetary policy but must choose only two of three. Economics textbooks give clean and clear definitions of each. Still, in reality, China tried to manipulate each and come out worse due to its attempts to manipulate the laws of economics.
Chinese Communist Party (CCP) technocrats attempted to create a system where they could enjoy the best of the three options and leave behind the worst parts. China implemented a quasi-fixed exchange rate, which is effectively a U.S. dollar index, with tightly controlled capital flows, and a semi-sovereign monetary policy.
The World Health Organization (WHO) warned on Friday that Cholera outbreaks have increased after years of steady decline.
New British PM Elizabeth Truss has been touted by many including the mainstream media as a “far-right” politician with wide appeal to British conservatives. This is fast becoming a prerequisite ideological position to take in Europe as the open border/socialist policies of leftist political leaders are leaving the EU in economic ruins and as they approach an energy based catastrophe not seen since WWII.
Boris Johnson revealed himself to be nowhere near as conservative as many initially believed with his support of draconian covid mandates, stopping just short of enforcing vaccine passports but still requiring proof of vaccination for major venues. All this while holding lavish parties at his official residence during the lockdowns he helped enforce. Adding to the problem were Johnson's tax increases in the midst of an inflationary crisis, which led to widespread public discontent and his eventual resignation.
When Truss became a potential candidate to replace Johnson some in the alternative media warned that her ongoing associations with the World Economic Forum and attendance at Davos events might be a red flag of another political pretender playing at being conservative while actually serving the interests of globalist institutions. This was, of course, called conspiracy theory by “fact checkers” in the MSM.
Kari Lake, the Republican running for governor in Arizona, recently turned the tables on a journalist who was trying to ask her a gotcha question on abortion.
A news statement from the Department of Justice (DOJ) on Thursday stated that several USPS employees were arrested in connection with an identity theft scheme that resulted in the loss of $1.3 million.
German authorities have issued another dire warning about a possible shortage of natural gas over the winter, with fears that German households might be left in the cold, driving sales of electric heaters to soar in a spree of panic shopping.
German Economy Minister Robert Habeck told Deutschlandfunk radio on Sept. 30 that the country is in an “extremely tense situation” when it comes to energy supply.
Webmaster addition: The problem is that those small portable heaters are not very efficient, meaning more electricity will be used to keep people warm.
Update (9:40pm): According to South Korea’s Joint Chiefs of Staff, North Korea’s intermediate-range ballistic missile flew ~4,500km with an apogee of ~970km, reaching a speed of Mach 17 before splashing in the Pacific ocean, some 2800 nautical miles east of Korea, having traveled above Japan. The JSC added that South Korea and US intelligence authorities are still analyzing more details.
If the GOP takes a majority in the House, one of the “key elements” of its investigatory plans into Hunter Biden, the son of President Joe Biden, next year will involve looking into “what happened in 2020,” said Rep. Jim Jordan (R-Ohio).
Just weeks before the 2020 presidential election, the New York Post ran a story about Hunter Biden’s overseas business dealings in Ukraine and China, which was promptly dismissed as dubious by mainstream media outlets and suppressed on social media platforms.
At the time, 51 former intelligence officials signed a letter claiming that the New York Post’s story had “all the classic earmarks of a Russian information operation.” In an interview with Breitbart, Jordan said that he wants to know on what intelligence the 51 former officials based their letter.
“We had 51 former intelligence officials tell us that this was Russian disinformation. We had the FBI sit down with Facebook and say, ‘Hey, be careful, wink wink. We think there’s Russian disinformation.’ … All that was done to suppress that story, which had an impact on how people voted in the most important election we have, the election for president of the United States,” Jordan told Breitbart.
Earlier today, Rabobank's Michael Every was the latest to try his hand in defining the conflict that - according to Zoltan Pozsar- has defined not only 2022 but will define the collapse of the dollar and the birth of the Bretton Woods 3 regime, when the geopolitical strategist discussed Putin's "vitriolic speech" on Friday in which, according to Every, "as Russia rails against “paper dollars and euros” and extolls the strength of commodities, can the West slash rates or do endless QE to bail out the tiny elite who own most financial assets, and in doing so prove Moscow right in the eyes of the rest of the world?"
While Every disagrees with Zoltan on whether the dollar will fall and whether a new Bretton Woods regime will emerge, the two are in agreement that the only response the west has to the commodity shortage created by the Russia-China-Africa-LatAm axis would be either to cause a global dollar funding squeeze (by hiking rates) which however has an unpleasant habit of crushing "friendly" allies such as the BOJ and BOE, or by flooding the world with fiat in order to - as Every put it - "bail out the tiny elite who own most financial assets, and in doing so prove Moscow right in the eyes of the rest of the world."
But it's not just the anti-western axis that is taking on the Fed: according to Goldman Sachs, so is the world's most important cartel (where Russia is also a critical voice): OPEC+.
Fetterman, who’s the only Democrat running for office in Pennsylvania that pointed a shotgun at an unarmed, innocent black jogger, wants to take your weapons.
Swedish seismologists reported that one of the three explosions measures 2.3 on the Richter Scale of earthquake intensity, but this was no earthquake. It was explosion—like a gigantic undersea mine.
The UN’s Under-Secretary-General for Global Communications, Melissa Fleming, recently admitted in a discussion with the World Economic Forum that the globalist institution has partnered with Big Tech platforms like Google in order to control search results on subjects like climate change, making the establishment narrative the predominant narrative while suppressing information and data that runs contrary to the UN's climate agenda.
Fleming went on to state that the UN is in control of the science: “We own the science, and we think that the world should know it, and the platforms themselves also do.”
In fact, no one "owns the science" on climate change, covid, or any other issue. If the data does not support a narrative then the narrative should be abandoned as faulty. The UN seems to think otherwise.
This open admission only reconfirms what the alternative media has been saying for years, that Big Tech corporations, governments and globalist institutions are actively collaborating to crush dissenting data and opinions as a means to keep the public as ignorant of the truth as possible. Far from "fact checking" or fighting "disinformation," globalist efforts are purely about elevating their own propaganda as a means to gain more authority over society.
Carbon emissions laws associated with the UN's "Agenda 2030" give immense and intrusive power to governments over industry, private property as well as individual freedoms. It only makes sense that the UN would try to combat any information source that contradicts the implementation of such laws; they have everything to gain by preventing the public from viewing all the information and making an informed decision on their own.
Credit Suisse is in a precarious situation with some analysts and pundits concerned that the company could be the next Lehman Brothers.
Former Democrat Congressman Michael “Ozzie” Myers was sentenced this week to three years in prison for committing voter fraud and stuffing ballot boxes for Democrat candidates.
Former President Donald Trump is suing CNN in federal court in Florida for defamation, it was learned on Monday.
Trump's attorneys say that CNN "has sought to use its massive influence — purportedly as a ‘trusted’ news source — to defame the Plaintiff in the minds of its viewers and readers for the purpose of defeating him politically, culminating in CNN claiming credit for ‘[getting] Trump out’ in the 2020 presidential election."
Trump is seeking $475 million in punitive damages, the lawsuit states.
Trump announced in July of this year that he would be suing the network for defamation. "I have notified CNN of my intent to file a lawsuit over their repeated defamatory statements against me," the statement from Trump read.
Russia has funds to support four Ukrainian regions which President Vladimir Putin began annexing last week and these funds are part of the country's budget, Finance Minister Anton Siluanov told parliament.
Russia declared the annexations of the regions after holding what it called referendums in occupied areas of Ukraine. Western governments and Kyiv said the votes breached international law and were coercive and non-representative.
"Priority for the next three years will be the full integration of the new regions," Siluanov said, without saying how much would be spent.
"The federal budget has necessary resources for this, both for the current provision of social standards... as well as funds for the economic restoration of the new regions of the Russian Federation."
How stupid do you have to be to believe this?
I don’t know.
But in my brief tenure as a Californian, I’ve seen voters believe that giving politicians billions of dollars would solve “homelessness”, vote for most tax hikes and the most insane leftist politicians.
Tax hikes to lower gas prices? Bring them on.
California Gov. Gavin Newsom is lashing out at oil companies who he says are “fleecing” Californians with gasoline prices that are rising disproportionately in the Golden State.
“The fact is, they’re ripping you off. Their record profits are coming at your expense,” Newsom said in a scathing video posted to Twitter Friday in which the governor called for a new windfall tax on oil companies.
They are ripping you off. And by “they”, I mean Newsom and the Democrat supermajority.
Norway's military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last week.
Russia's Nord Stream 1 and 2 pipelines burst on Sept. 26, draining gas into the Baltic Sea off the coast of Denmark and Sweden. Seismologists registered explosions in the area, and police in several countries have launched investigations.
Norway, Europe's largest gas supplier and a major oil exporter, last week deployed its navy and air force to patrol offshore petroleum fields and announced it would receive assistance from Britain, Germany and France in doing so.
At the request of Norwegian police, the Norwegian Home Guard, a rapid mobilisation force, on Monday began to deploy troops at plants responsible for processing and exporting oil and gas.
Google has started to display lower-resolution satellite imagery in some parts of Israel, removing previously shown higher-quality images without giving a reason for doing so.
US commercial imagery of Israel and the occupied Palestinian territories was restricted in 1997 after US Congress passed the Kyl-Bingaman Amendment, which barred the resolution of satellite imagery of the area to two metres per pixel under the guise of protecting Israel’s national security.
This means that buildings and streets showed up blurry and were difficult to identify.
The legislation's ban expired two years ago and since then Google had updated its imagery of Israel with higher quality resolutions - except in Gaza and parts of the West Bank where Google continued to display low-quality imagery.
On Monday, the Israeli authorities demolished the Al-Arakib Bedouin village in the Negev for the 207th time since 2010.
Many military vehicles and police cars surrounded and invaded the village, forcing the families out of their tents and sheds before demolishing the village for the 207th time.
On September 7th, the village was destroyed for the 206th time since 2010 after Israel decided not to recognize it.
Today’s demolition of the Bedouin community is the eleventh this year alone, while last year, the village was demolished 14 times.
The Palestinians continue to rebuild their community, determined to remain on their lands, despite the constant Israeli violations.
Ukraine told the European Union on Monday that the EU needs to increase the pace at which it provides billions of euros in promised aid.
Kyiv has become incredibly reliant on Western aid to fund its government, but Ukrainian officials seem to have little patience when it comes to the timeline of deliveries. A Ukrainian official told Politico that delays were “not acceptable.”
“Our minister of finance is under extreme high pressure, when he sends these checks to the military, to pension funds … we have to have this money in his hands. So something like one week or several weeks’ delay is just not acceptable,” said Oleg Ustenko, an economic advisor to Ukrainian President Volodymyr Zelensky.
A CIA operation to sabotage Soviet industry by duping Moscow into stealing booby-trapped software was spectacularly successful when it triggered a huge explosion in a Siberian gas pipeline, it emerged yesterday.
Thomas Reed, a former US Air Force secretary who was in Ronald Reagan's National Security Council, discloses what he called just one example of the CIA's "cold-eyed economic warfare" against Moscow in a memoir to be published next month.
Leaked extracts in yesterday's Washington Post describe how the operation caused "the most monumental non-nuclear explosion and fire ever seen from space" in the summer of 1982.
Mr Reed writes that the software "was programmed to reset pump speeds and valve settings to produce pressures far beyond those acceptable to pipeline joints and welds".
Jewish American journalist Katie Halper has been fired by The Hill for calling Israel an “apartheid state”.
Known for her podcast, Rising, the 41-year-old had drafted a monologue in response to the recent attacks on Palestinian American Congresswoman Rashida Tlaib.
Halper was initially blocked from making the comments in support of the Democrat member of the US Congress but was later dismissed from her job.
China warned the United States it could face severe consequences—including the prospect of nuclear war—if it allows Ukraine to join the North Atlantic Treaty Organization (NATO), drawing the 30-member alliance into the country's conflict with Russia.
In a Sunday editorial in the state-owned Global Times, Beijing warned that allowing the country into the alliance—as Ukrainian President Volodymyr Zelensky has requested—would lead to an inevitable escalation in the conflict, prompting Russian President Vladimir Putin's threats to use nuclear arms against the West.
While unlikely—U.S. national security adviser Jake Sullivan stated in a White House press briefing last week that NATO should delay talks on allowing the country into the alliance—the newspaper warned "all European countries will tremble under the shadow of a possible nuclear war" should it take place, and called for the Western alliance to withdraw from its longstanding involvement in Eastern Europe.
After the death of George Floyd, Democratic-run states demonized police officers.
Defunding the police movements makes it hard for officers on the force to take action. Instead, many spend their days miserable behind a desk. Police officers are instead opting for early retirement or finding a new job. One state welcomes those officers with open arms.
Western Journal states, “According to Breitbart, “New York City … saw over 1,000 more retirees in 2020 compared to 2019 — 2,600 compared to the previous 1,509. In many ways, Minneapolis was the civil unrest’s epicenter, dipping from 912 uniformed officers to 699.”