Tuesday, August 9, 2022

Links — 9 August 2022 Part 1

1945
Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Priorities
https://www.19fortyfive.com/2022/08/chinas-military-was-built-to-defeat-america-in-a-taiwan-war/

India Punchline
Russia-Turkey reset eases regional tensions (Putin's backing of Erdogan in the (likely CIA-led) coup has paid off.)
MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.
https://www.indianpunchline.com/russia-turkey-reset-eases-regional-tensions/

Southfront (sanctioned by the US Treasury Department)
Turkish Kirpi Armored Vehicles Spotted On Donbas Front Lines (Oh, wait)
https://southfront.org/turkish-kirpi-armored-vehicles-spotted-on-donbas-front-lines/

The Scrum
The West is silent as Ukraine targets civilians in Donetsk using banned ‘butterfly’ mines. (The Western media have reported almost none of the atrocities in ethnic Russia areas of Ukraine since 2014.)
Eva Bartlett reports from Donetsk
https://thescrum.substack.com/p/eva-bartlett-reports-from-donetsk

The Grayzone
CBS deletes documentary promo on corrupt Ukraine military aid after US gov’t pressure
Antiwar
https://thegrayzone.com/2022/08/09/cbs-documentary-ukraine-military-aid-us-govt/

TASS (Russian state media)
Steven Seagal filming documentary about war in Donbass — DPR head (Seagal was granted Russian citizenship some time ago.)
https://tass.com/politics/1491615

DPR minister says Kiev sought to kill prisoners in Yelenovka because they began to testify
https://tass.com/defense/1491521

Russia.post
The Strange Death of Liberal Russia – Part II (Usually I am more in a agreement with Paul Robinson than not, but in this post he appears to overly disregard, first, the trauma of liberalization after the collapse of the USSR, leading to the rise of the oligarchs and the virtual destruction of the Russian economy and society, and secondly, he appears to under-appreciate the fundamental conservatism of the Russian people, who regard liberalism (Western values) as morally degenerate—as do many American conservatives. Finally, with NATO encroachment, the bombing of Serbia, and the Maidan in Ukraine, as well as the attempts of the US and allies to influence Russian politics, liberalism effectively withered away and died in Russia. It's over. The remaining liberals have emigrated. I would not say this is "strange" at all. It was predictable.)
Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa
https://www.russiapost.info/society/death_of_liberal_russia_p2









Will Biden Stumble into a New World War? Judge Napolitano interviews Col Douglas Macgregor (video 27:16)

 


Col Douglas Macgregor - Will Biden Stumble into a New World War?
Judge Napolitano - Judging Freedom
https://youtu.be/mZIQEu_tZ1g

Spacy Things — Andrei Martyanov (video 30:42)

 


Spacy Things
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Press
https://youtu.be/nW_QUu2gb3E

WHO IS ISOLATING WHOM? — Gordon Hahn

Russian and Eurasian Politics
WHO IS ISOLATING WHOM?
Gordon Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS), Akribis GroupM.
https://gordonhahn.com/2022/08/08/who-is-isolating-whom/


Some Implications of the Sino-American Split — Chas W. Freeman

A bit longish but important. Transcript of an address.

Chas W. Freeman Jr.
Some Implications of the Sino-American Split
Ambassador Chas W. Freeman, Jr.. chair of Projects International, Inc. He is a retired US defense official, diplomat, and interpreter, the recipient of numerous high honors and awards, a popular public speaker, and the author of five books. He was a former US Assistant Secretary of Defense, ambassador to Saudi Arabia (during operations Desert Shield and Desert Storm), acting Assistant Secretary of State for African Affairs, and Chargé d’affaires at both Bangkok and Beijing. He began his diplomatic career in India but specialized in Chinese affairs. (He was the principal American interpreter during President Nixon’s visit to Beijing in 1972.)

T-Bills already providing larger discounts

 

Bills already providing about $25B more fiscal transfer this year since the Fed first increased the policy rate in March…  notes and bonds haven’t rolled over at the higher rates yet…


Last year Bill discount:



This year Bill discount:



Bill discount thru March 1  of this year:



Free munnie!  🤑




Monday, August 8, 2022

Links — 8 August 2022 Part 1

Moon of Alabama
Policy By Other Means - By Helmholtz Smith
https://www.moonofalabama.org/2022/08/policy-by-other-means-by-helmholtz-smith.html

A Son of the New American RevolutionWestern Propaganda Continues to promote the Meme that Russia Is Toast
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)
https://sonar21.com/western-propaganda-continues-to-promote-the-meme-that-russia-is-toast/

Reminiscence of the Future
I Will Answer This Question... Again.
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues
http://smoothiex12.blogspot.com/2022/08/i-will-answer-this-question-again.html

Covert Action Magazine
High-Level Ukrainian Intelligence Official [Major General Vadym Skibitsky] Admits U.S. Deeply Involved in Ukraine Conflict ("Moscow has seized on this admission to charge the U.S. with direct involvement in the Ukraine War.")
Jeremy Kuzmarov
https://covertactionmagazine.com/2022/08/08/high-level-ukrainian-intelligence-official-admits-u-s-deeply-involved-in-ukraine-conflict/

CaitlinJohnstone.com
When Will Foreign Leaders Start Asking To Speak To America’s REAL Government?
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/08/when-will-foreign-leaders-start-asking-to-speak-to-americas-real-government/

Asia Times
China unveils game-changing electronic warfare drones
Gabriel Honrada
https://asiatimes.com/2022/08/china-unveils-game-changing-electronic-warfare-drones/

Real-World Economics Review Blog
How Power Shapes Our Thoughts
Asad Zaman | Vice Chancellor, Pakistan Institute of Development Economics and former Director General, International Institute of Islamic Economics, International Islamic University Islamabad
https://azprojects.wordpress.com/2022/08/08/how-power-shapes-our-thoughts/

Naked Capitalism
Memo to China: You Look Silly When You Threaten to Dump Treasuries (Not sure this is the case. If one understands MMT, all well and good but most don't. Monetarists think that China dumping treasuries would be a disaster for the US. So it may work as a threat. In the larger context, many countries are already cutting exposure not only to the dollar but also to the Western-dominated financial system that is being weaponized. Over time this will have an effect in reducing Western power.)
Yves Smith
https://www.nakedcapitalism.com/2022/08/memo-to-china-you-look-silly-when-you-threaten-to-dump-treasuries.html

TASS (Russian state media)
Bank of Russia can set increments to risk factors depending on currency issuer
https://tass.com/economy/1491037

Banks to be able to suspend operations in currency of countries that froze their assets
https://tass.com/economy/1491091

Russian MFA [Maria Zakharova] says Kiev ‘effectively takes all of Europe hostage’ by shelling nuclear plant
https://tass.com/politics/1491035

RT — Question More (Russian state-sponsored media)
West wants to destroy Russia – former president [Dmitry Medvedev]
https://www.rt.com/news/560452-medvedev-west-destroy-russia

Counterpunch
How to Resist the Empire’s Neoliberal Debt Trap (Michael Hudson)
https://www.counterpunch.org/2022/08/08/how-to-resist-the-empires-neoliberal-debt-trap/
Dee Knight

Griner’s Sentence is in Line With Russia’s Strict Drug Penalties, But How Long She Serves will be Decided Outside the Courtroom
William E. Butler | Distinguished Professor of Law at Penn State.
https://www.counterpunch.org/2022/08/08/griners-sentence-is-in-line-with-russias-strict-drug-penalties-but-how-long-she-serves-will-be-decided-outside-the-courtroom/

Sputnik International (Russian state-sponsored media)
Beijing Urges US to Shed Illusions of Controlling China Using Taiwan - Defense Ministry
https://sputniknews.com/20220808/beijing-urges-us-to-shed-illusions-of-controlling-china-using-taiwan---defense-ministry-1099367031.html

Defense One
As China, Taiwan Tensions Flare, US Faces Shrinking Window to Deter Conflict
Patrick Tucker and Jacqueline Feldscher
https://www.defenseone.com/threats/2022/08/china-taiwan-tensions-flare-us-faces-shrinking-window-deter-conflict/375514/








Western sanctions are good for Moscow – US economist [Michael Hudson] — RT

 A former Wall Street analyst says the Russian economy is being made self-sufficient

RT — Question More (Russian state-sponsored media)
Western sanctions are good for Moscow – US economist [Michael Hudson]
https://www.rt.com/business/560399-anti-russia-sanctions-are-great/

Counterpunch to economic history — Eric Draitser interviews Michael Hudson

Transcript of video interview.

Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
Counterpunch to economic history
Eric Draitser interviews Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
https://michael-hudson.com/2022/08/counterpunch-to-economic-history/

Full transcript of the interview of Michael Hudson by the Saker — The Saker

Dear friends,
I can share with you know one, but TWO different versions of the transcript of my interview with Michael Hudson. One I had expected, one was directly sent to me by a reader. So rather than chose one, I will offer you both for download. Just click on this link to download either or both of these files:

https://drive.google.com/drive/folders/1WTrlFmW-D4nTY7IMPhDm3udLBYTJyc0d?usp=sharing

Kind regards
Andrei [Raevsky]
The Vineyard of the Saker
http://thesaker.is/full-transcript-of-the-interview-of-michael-hudson-by-the-saker/

Here is the video interview, if you missed it and care to watch it now.

The Saker interviews Michael Hudson
http://thesaker.is/the-saker-interviews-michael-hudson-6/

Michael Hudson as also posted the transcript at his place.

Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
The Big Context
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
https://michael-hudson.com/2022/08/the-big-context/


Sunday, August 7, 2022

Links — 7 August 2022 Part 2

Reminiscence of the Future
Bernhard Commented On Larry's Superb Piece.
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.
http://smoothiex12.blogspot.com/2022/08/bernhard-commented-on-larrys-superb.html

RT — Question More (Russian state-sponsored media)
Ex-US special rep for Ukraine predicts when fighting will end (not until next year, at least. US will continue to back Ukraine for the duration.)
https://www.rt.com/news/560425-ex-us-special-rep-ukraine-conflict-end/

Sputnik International (Russian state-sponsored media)
China-Russia Trade Up 29% to $97.71Bln in 2022
https://sputniknews.com/20220807/china-russia-trade-up-29-to-9771bln-in-2022-1099361859.html

Russian Embassy on Zaporizhzhia NPP Situation: Western Media Must Stop Russophobia (Western media are trumping Ukrainian propaganda that Russia is shelling the NPP even though Russia is in control of the facility.)
https://sputniknews.com/20220808/russian-embassy-on-zaporizhzhia-npp-situation-western-media-must-stop-russophobia-1099366883.html

TASS (Russian state media)
Taiwan crisis created by US to increase military presence in region — Chinese top diplomat [Wang Yi]
https://tass.com/world/1490517

IAEA realizes risks posed by Ukraine’s shelling of NPP, but takes no measures — official
https://tass.com/world/1490597

Kiev’s attacks on Zaporozhye NPP put nuclear security of entire Europe at risk — diplomats
https://tass.com/politics/1490595

Mindorenyo
Ethnonationalism -- Why Russia Was Justified in Attacking Ukraine

Detroit Dan
http://mindorenyo.blogspot.com/2022/08/ethnonationalism-why-russia-was.html

ECNS (Chinese official English news service)
'You are wrong', Chinese FM spokesperson [Hua Chunying] posts 8 tweets in a row rebuking U.S. claims of China's 'overreaction' to Pelosi's Taiwan visit
Global Times (Chinese state-sponsored media)
http://www.ecns.cn/news/politics/2022-08-08/detail-ihcavkwr6145086.shtml

Chinese experts unravel U.S. calculations in playing 'Taiwan card'
Xinhua (Chinese state media)
http://www.ecns.cn/news/2022-08-08/detail-ihcavkwr6144995.shtml

U.S. mistaken on Taiwan question in 3 aspects: Chinese FM [Wang Yi]
Xinhua (Chinese state media)
http://www.ecns.cn/news/politics/2022-08-08/detail-ihcavkwr6145003.shtml

Bill Mitchell – US Labour Market – creating work but participation and real wages falling

Last Friday (August 5, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – July 2022 – which reported a total payroll employment rise of only 528,000 jobs and an official unemployment rate of 3.5 per cent. Many commentators immediately claimed that the labour market was tightening as a result of the decline in the official unemployment rate, but that was all down to a decline in the participation rate – less people looking for work – which is a sure sign that job opportunities are becoming harder to access. When the hires data comes out soon, we will be able to be more definitive on that. The other interesting aspect of this data is that real wages continued to decline in all industry sectors – they have systematically fallen each month since March 2022. I note some commentators are trying to claim that wage pressures are now pushing inflation. That conclusion is untenable given the data. The US labour market is still producing employment but it is hardly booming....
Bill Mitchell – billy blog
US Labour Market – creating work but participation and real wages falling
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Russian Ops in Ukraine (August 8, 2022) - Ukraine's Missing Tanks, Delayed Offensive— The New Atlas — Brian Berletic (video 19:03)


Russian Ops in Ukraine (August 8, 2022) - Ukraine's Missing Tanks, Delayed Offensive
The New Atlas — Brian Berletic (former US military living in Thailand)
https://youtu.be/pgPoYpdDy6U

Why Are We Kneecapping the Recovery? — Stephanie Kelton

Monetarism continues to run amok.

The Lens
Why Are We Kneecapping the Recovery?
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/why-are-we-kneecapping-the-recovery

Links 7 — August 2022 Part 1

Mindorenyo 
Ukraine Timeline
Detroit Dan 
http://mindorenyo.blogspot.com/2022/08/ukraine-timeline.html

The Vineyard of the Saker
An unpleasant truth for Ukrainians is coming to light (Western media has ignored Ukrainian war crimes against Russian Ukrainians in the Donbas and other areas of Novorossiya. Amnesty International has shined some light on it.)
Batko Milacic for the Saker Blog
http://thesaker.is/an-unpleasant-truth-for-ukrainians-is-coming-to-light/

Moon of Alabama
'Western' Conflict Reporting Has Come Down To "Officials On Our Side Said ..." (There are at least three reasons behind this journalistic failure. First, journalist are hired to support the conventional narrative. Secondly, funding a real news room is expensive and doesn't pay for itself. Thirdly, Rupert Murdoch showed that the way to make money through "news" is entertainment, thus, the tabloid model. Caveat emptor. From the comments at MoA, "Helmer brilliantly explains the phenomena in this Hellevig lecture on truth telling in journalism. https://www.youtube.com/watch?v=plXE9Rf3lRU")
https://www.moonofalabama.org/2022/08/western-conflict-reporting-has-come-down-to-officials-on-our-side-said-.html

https://www.moonofalabama.org/2022/08/reaction-to-pelosis-visit-reveals-chinas-plans-for-a-taiwan-conflict.html

https://www.moonofalabama.org/2022/08/the-moa-week-in-review-ot-2022-123.html

CaitlinJohnstone.com
Westerners Think They Are Free-Thinking Individualists And It’s Effing Adorable
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/07/westerners-think-they-are-free-thinking-individualists-and-its-effing-adorable/
 
Turcopolier
“Pro-Russian officials ‘assassinated’ in Kherson ahead of Ukraine offensive” (Col. Lang comments, "Comment: This increase in partisan activity probably reflects the presence of US Special Forces soldiers (Green Berets) advising and training. This is our preferred mode of operation. It is why we were created. DOL. pl" Interesting that he, in a position to know, cites this type of activity as the speciality of the special forces. I had thought of assassination as the speciality of the operational division of the CIA rather than the military. Learn something every day.)
Col. Patrick Lang, US Army (ret.) W.
https://turcopolier.com/pro-russian-officials-assassinated-in-kherson-ahead-of-ukraine-offensive/

India Punchline
Why the Gulf states’ SCO membership is a big deal
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador
https://www.indianpunchline.com/why-the-gulf-states-sco-membership-is-a-big-deal/

RT — Question More (Russian state-sponsored media)
China to make east Taiwan Strait drills ‘regular’ – media
https://www.rt.com/news/560409-china-taiwan-regular-drills/

ECNS (Chinese official English news service)
(W.E. Talk) Wolfram Elsner: Why has China found a way to peaceful rise, without repeating the previous hegemonic conflicts? (longish but worth a read. TL/dnr: The West is adversely affected by a colonial mindset, a short civilizational history in comparison with the antiquity of Chinese civilization, and a general lack of knowledge of the rest of the world.)
http://www.ecns.cn/news/cns-wire/2022-08-07/detail-ihcavkwr6144789.shtml

Diplomats from 30 Islamic countries visit Xinjiang
Xinhua (Chinese state media)
http://www.ecns.cn/news/2022-08-07/detail-ihcavkwr6144832.shtml


Saturday, August 6, 2022

Links — 6 August 2022 Part 2

A Son of the New American Revolution
The New York Times Struggles With Russian and Ukrainian Strawmen
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)
https://sonar21.com/the-new-york-times-struggles-with-russian-and-ukrainian-strawmen/

1945
Ukraine Needs a Miracle to Drive Russia’s Military Out of Kherson (actually 3 miracles, as Lt. Col. Davis notes in his analysis.)
Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Priorities
https://www.19fortyfive.com/2022/08/ukraine-needs-a-miracle-to-drive-russias-military-out-of-kherson/

The Vineyard of the Saker
The United States responded to Griner’s sentence by kidnapping a Russian
The Saker
http://thesaker.is/the-united-states-responded-to-griners-sentence-by-kidnapping-a-russian/

MR Online
How the Pentagon dictates Hollywood storylines
Jonathan Cook
Originally at Middle East Eye
https://mronline.org/2022/08/06/how-the-pentagon-dictates-hollywood-storylines/

The Money Illusion
Changing of the guard (about Chinese population decline. Scott Sumner ignores the reason for the one-child policy in the first place— limiting population to a number China could reasonably feed. It was hardly an arbitrary decision at the time, as many suppose it to have been. It was a response to what China considered to be a looming insurmountable handicap, if not existential threat in the event of famine. As Sumner notes, China recently relaxed the policy but not abandoned it. Achieving self-sufficiency is important to China and even though mechanized agriculture has changed the supply-demand equation by increasing supply, population growth still needs to be limited to achieve its social, political and economic objectives of first-world status. It is actually a highly rational policy and plan to support it. with China aiming at first-world status in the foreseeable future and not the distant future, or never. India is digging itself a hole on the other hand. But the entire world faces a culling as a result of climate change, so all this is up in the air anyway.)
Scott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University
https://www.themoneyillusion.com/changing-of-the-guard/

Sputnik International (Russian state-sponsored media)
Russian Military Calls Kiev's Shelling of Zaporozhye NPP Nuclear Terrorism (If Ukraine is a hotbed of neo-Nazism, as evidence suggests, then it is by definition a terrorist state.)
https://sputniknews.com/20220806/russian-military-calls-kievs-shelling-of-zaporozhye-npp-nuclear-terrorism-1099343688.html

RT — Question More (Russian state-sponsored media)
IAEA ‘alarmed’ over shelling at Europe’s largest nuclear power plant
https://www.rt.com/news/560377-iaea-ukraine-nuclear-plant-shelling/

Jacobin
We Shouldn’t Underestimate the Incredible Danger Posed by the Taiwan Crisis (important backgrounder by an insider. Interesting he would be talking candidly to a "leftist" publication. He is clearly concerned with the dirction this is heading—or lack of direction.)
Branko Marcetic interviews Lyle J. Goldstein, director of the Asia Engagement program at Defense Priorities. Formerly, he served as research professor at U.S. Naval War College for 20 years. In that post, he was awarded the Superior Civilian Service Medal for founding and leading the China Maritime Studies Institute (CMSI). His main areas of expertise include both maritime security and nuclear security issues. Major focus areas have also recently included the Arctic, as well as the Korean Peninsula. He has published seven books on Chinese strategy, including Meeting China Halfway (Georgetown UP, 2015). He speaks both Chinese and Russian and is currently writing a book on China-Russia relations. He has a PhD from Princeton, an MA from Johns Hopkins SAIS, and a BA from Harvard.
https://jacobin.com/2022/08/us-china-taiwan-crisis-pelosi-visit-nuclear-war/

Consortium News
Big Chip in US-China Crisis (Was this the real reason for Pelosi's trip? Without bring Taiwan chip manufacturing, the US cannot reasonably confront China over Taiwan owing to the cost.)
Maria Ryan, associate professor in U.S. history, University of Nottingham
https://consortiumnews.com/2022/08/05/big-chip-in-us-china-crisis/



Weekend's Improv— Two Major (Kabuki) Theater Operational Delusion Andrei Martyanov (video 33.18)


 
Weekend's Improv— Two Major (Kabuki) Theater Operational Delusion
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Press
https://youtu.be/HgJ8Q9RTmzM

Links — 6 August 2022 Part 1

Moon of Alabama
https://www.moonofalabama.org/2022/08/reaction-to-pelosis-visit-reveals-chinas-plans-for-a-taiwan-conflict.html

A Son of the New American Revolution
There Is No Fixing Stupid when it Comes to Ukraine (contra TTG)
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)
https://sonar21.com/there-is-no-fixing-stupid-when-it-comes-to-ukraine/

CaitlinJohnstone.com
“Russian Propaganda” Just Means Disobedience
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/06/russian-propaganda-just-means-disobedience/

Covert Action Magazine
Shedding Light on Who, Exactly, is Responsible for the War in Ukraine
Roger Annis
https://covertactionmagazine.com/2022/08/06/shedding-light-on-who-exactly-is-responsible-for-the-ar-in-ukraine/

RT — Question More (Russian state-sponsored media)
No prospect of using nukes in Ukraine - Moscow (doesn't meet the criteria. Warnings are addressed to NATO, not Ukraine.)
https://www.rt.com/russia/560338-russia-nuclear-doctrine-ukraine/

US military exercise to take place near Chinese[–India] border – media
https://www.rt.com/news/560372-india-us-military-exercises/

Counterpunch
HIROSHIMA AT 77: John Pilger — Another Hiroshima is Coming — Unless We Stop It Now
John Pilger
https://consortiumnews.com/2022/08/06/hiroshima-at-77-john-pilger-another-hiroshima-is-coming-unless-we-stop-it-now/

Sputnik International (Russian state-sponsored media)
US May Use Ukraine Crisis as Pretext to Deploy Nuclear Weapons in Space, Moscow Warns
https://sputniknews.com/20220806/us-may-use-ukraine-crisis-as-pretext-to-deploy-nuclear-weapons-in-space-moscow-warns-1099339440.html

Amnesty’s State Dept, CIA Links Make Report on Ukrainian Army Crimes All the More Damning: Observer
https://sputniknews.com/20220806/amnestys-state-dept-cia-links-make-report-on-ukrainian-army-crimes-all-the-more-damning-observer-1098456816.html

Blinken Claims China's Military Actions Disproportionate to Pelosi's 'Peaceful Visit' to Taiwan 
https://sputniknews.com/20220806/blinken-claims-chinas-military-actions-disproportionate-to-pelosis-peaceful-visit-to-taiwan-1098296855.html

Zero Hedge
Taiwan Says China's Drills Are Simulating A Full Attack On The Island
Tyler Durden
https://www.zerohedge.com/markets/taiwan-says-chinas-drills-are-simulating-full-attack-island

TASS (Russian state media)
China’s MFA calls on all countries to unite against US’s `reckless' pressure
https://tass.com/world/1490281

Internationalist 360º
Once Led by a Fierce Champion of Anti-Colonialism, Patrice Lumumba [assasinated in a US-backed coup], the Democratic Republic of Congo Has Been Recolonized by Western Capital
https://libya360.wordpress.com/2022/08/05/once-led-by-a-fierce-champion-of-anti-colonialism-patrice-lumumba-the-democratic-republic-of-congo-has-been-recolonized-by-western-capital/

ECNS (Chinese official English news service)
Chinese, Russian FMs meet in Cambodia
http://www.ecns.cn/news/2022-08-06/detail-ihcavkwr6144137.shtml

People of Different Ethnic Groups in Xinjiang Express Legitimate Concerns through Real-life Experiences in Their Letters to UN High Commissioner for Human Rights
http://www.ecns.cn/news/2022-08-06/detail-ihcavkwr6143272.shtml
Xinhua (Chinese state media)












Friday, August 5, 2022

Links — 5 August 2022 Part 2

Reminiscence of the Future
If You Ever Needed Any Proof...
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues
http://smoothiex12.blogspot.com/2022/08/if-you-ever-needed-any-proof.html

Moon of Alabama
Ukraine SitRep - Casualties Leak - Ukraine Admits Russian Breakthrough - Southern Front Paralysis
https://www.moonofalabama.org/2022/08/ukraine-sitrep-casualties-leak-ukraine-admits-russian-breakthrough-southern-front-paralysis.html

Russia Post
The Strange Death of Liberal Russia – Part I
Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa
https://www.russiapost.info/society/death_of_liberal_russia_p1

TASS (Russian state media)
Poll reveals level of Russian public’s confidence in Putin [and other parts of the government]
https://tass.com/society/1489959

Zero Hedge
"Friendshoring" Trend Sees Companies Moving Ops To Dodge Tensions And Trade Wars (those jobs are not returning to the US.)
https://www.zerohedge.com/economics/friendshoring-trend-sees-companies-moving-ops-dodge-tensions-and-trade-wars

US Prepares To Send $1 Billion In Latest Ukraine Weapons Package
https://www.zerohedge.com/geopolitical/us-prepares-send-1-billion-latest-ukraine-weapons-package
Tyler Durden

Fox News
Caitlin McFall
https://www.foxnews.com/world/zelenskyy-advisor-says-ukraine-will-hold-peace-talks-has-military-might-repel-russia

Internationalist 360º
The Russian Foreign Ministry Comprehensively Explained the Global Systemic Transition
Andrew Korybko, American geopolitical analyst and independent journalist based in Moscow, and member of the expert council for the Institute of Strategic Studies and Predictions at the People’s Friendship University of Russia
https://libya360.wordpress.com/2022/08/05/the-russian-foreign-ministry-comprehensively-explained-the-global-systemic-transition/

The Unz Review
Greetings from Russia, by Ted Rall (don't believe what you are being told about Russia collapsing economically. The opposite is true, Rall reports.)
Ted Rall, political cartoonist, columnist and graphic novelist, co-hosts the left-vs-right DMZ America podcast with fellow cartoonist Scott Stantis. Rall is a radical leftist.
https://www.unz.com/trall/greetings-from-russia/

Gilbert Doctorow — International relations, Russian affairs
Report on a three-week visit to St Petersburg, July 2022
Gilbert Doctorow
https://gilbertdoctorow.com/2022/08/05/report-on-a-three-week-visit-to-st-petersburg-july-2022/

Defense One
In ‘Irresponsible Act,’ China Trims Defense Communications with US
Tara Copp
https://www.defenseone.com/policy/2022/08/irresponsible-act-china-trims-defense-communications-us/375496/

Politico
Pentagon chiefs’ calls to China go unanswered amid Taiwan crisis (first Russia, now China not answering calls.)
Lara Seligman and Alexander Ward
https://www.politico.com/news/2022/08/05/pentagon-china-calls-taiwan-00050175

Yvonne Lau
https://fortune.com/2022/08/05/nancy-pelosi-taiwan-visit-great-for-chinas-chip-sector-investors-welcome-chip-war/

ECNS (Chinese official English news service)
China denounces U.S. as 'unprovoked provocateur and creator of crisis'
Xinhua (Chinese state media)
http://www.ecns.cn/news/politics/2022-08-06/detail-ihcavkwr6143263.shtml






Links — 5 August 2022 Part 1

A Son of the New American Revolution
New Batches Of Ukrainian Troops Quitting the Fight as Russia Grinds On
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)
https://sonar21.com/new-batches-of-ukrainian-troops-quitting-the-fight-as-russia-grinds-on/

Covert Action Magazine
Has the Ukraine Conflict Driven U.S. Government Officials Crazy? (No, Russophobia and Sinophobia drove them crazy decades ago. Russia and Taiwan crises are just a manifestation of that. Ironically, The US has morphed into what it is supposedly opposing.)
Jeremy Kuzmarov
https://covertactionmagazine.com/2022/08/05/has-the-ukraine-conflict-driven-american-government-officials-crazy/

Reminiscence of the Future
That's The American "Spirit".
http://smoothiex12.blogspot.com/2022/08/thats-american-spirit.html

Where, Let Me Ask, Where...
http://smoothiex12.blogspot.com/2022/08/where-let-me-ask-where.html
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

Small War Journal (run by the neocon Kagan clan)
Why Ukraine Will Defeat Russia and How, from Kherson to Crimea, from Zaporizhzhia to the Donbas.
Brian Frydenborg "spent two decades studying, writing about, or working in the fields of conflict analysis, counterterrorism, international affairs, public policy, politics, history, and humanitarian aid and international development. His work has been featured in Newsweek, Jerusalem Post, Modern War Institute at West Point, London School of Economics and Political Science Middle East Centre, Jordan Times, Radio Free Europe/Radio Liberty (RFE/RL), and Real Clear Defense/History, among others….” No military experience, no study of military science, no stem, no intel background.
https://smallwarsjournal.com/jrnl/art/why-ukraine-will-defeat-russia-and-how-kherson-crimea-zaporizhzhia-donbas

Turcopolier
“China is too weak to invade Taiwan successfully” Con Coughlin (has a degree in history and no military experience, no study of military science, no stem, no intel background. Go figure.)
Turcopolier
Col. W. Patrick Lang, US Army (ret.) 
https://turcopolier.com/china-is-too-weak-to-invade-taiwan-successfully-con-coughlin/

Washington Post (yeah, I know. You don't need to bother reading the article. Just see my comment on it.)
Josh Rogin (Josh Rogin is a journalist with a degree in international relations — and no military experience, no study of military science, no stem, no intel background.)
https://www.washingtonpost.com/opinions/2022/08/04/america-confronts-russia-china-pelosi/

Defense One
HIMARS’ Hidden Superpower and Other Acquisition Lessons from Ukraine (US military directly involved in acquisition and targeting)
https://www.defenseone.com/ideas/2022/08/himars-hidden-superpower-and-other-acquisition-lessons-ukraine/375420/

CaitlinJohnstone.com
New Media Are As Intertwined With Imperial Power As Old Media
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/05/new-media-are-as-intertwined-with-imperial-power-as-old-media/

RayMcGovern.com
Right-Wing SKYNEWS/Australia Ridicules Zelensky (A step to far)
Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch
https://raymcgovern.com/2022/08/04/right-wing-skynews-australia-ridicules-zelensky/

Russian and Eurasian Politics
Needles of Hope [for s settlement] in the Ukraine War Haystack (ignores the elephant in the room. NATO is not yet ready for a settlement and is holding out for a "strategic defeat" of Russia.)
Gordon M. Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS), Akribis Group
https://gordonhahn.com/2022/08/05/needles-of-hope-in-the-ukraine-war-haystack/

The Vineyard of the Saker
Exclusive: The Fugitive Who Tried to Spark a US-China War
Pepe Escobar
http://thesaker.is/exclusive-the-fugitive-who-tried-to-spark-a-us-china-war/

Zelensky sold the people’s land (video)
http://thesaker.is/zelensky-sold-the-peoples-land/

Anatomy of the EU “gas crisis”
Jorge Vilches for the Saker blog
http://thesaker.is/anatomy-of-the-eu-gas-crisis/

Naked Capitalism
Endgame Taiwan? US Plans Further China Eyepoking with Planned Military Transit of the Taiwan Strait
Yves Smith
https://www.nakedcapitalism.com/2022/08/endgame-taiwan-us-plans-further-china-eyepoking-with-planned-military-transit-of-the-taiwan-strait.html

MR Online
“By joining NATO, Sweden and Finland increase the risk of becoming involved in a nuclear conflict” 
Jacques Baud, a former colonel of the General Staff, ex-member of the Swiss strategic intelligence, and specialist on Eastern countries. He was trained in the American and British intelligence services. He has served as Policy Chief for United Nations Peace Operations.
Originally published: Zeitgeschehen im Fokus  on August 2022 by Thomas Kaiser (more by Zeitgeschehen im Fokus) (Posted Aug 05, 2022)
https://mronline.org/2022/08/05/by-joining-nato-sweden-and-finland-increase-the-risk-of-becoming-involved-in-a-nuclear-conflict-interview-with-jacques-baud/?utm_source=feedly&utm_medium=rss&utm_campaign=by-joining-nato-sweden-and-finland-increase-the-risk-of-becoming-involved-in-a-nuclear-conflict-interview-with-jacques-baud

RT — Question More (Russian state-sponsored media)
China weighs in on ‘strategic cooperation’ with Russia
https://www.rt.com/news/560292-china-russia-global-order/

China cuts ties with US on critical issues ("talks on climate change is one of them.)
https://www.rt.com/news/560288-china-ties-us-pelosi/










Thursday, August 4, 2022

Links — 4 August 2022 Part 1

Moon of Alabama
How Pelosi's Visit Hurts Taiwan
https://www.moonofalabama.org/2022/08/how-pelosis-visit-hurts-taiwan.html

A Son of the New American Revolution
Why It Is Critical to Understand What the Other “guy” Thinks
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)
https://sonar21.com/why-it-is-critical-to-understand-what-the-other-guy-thinks/

Reminiscence of the Future
He [Cory Bernardi of Sky News] Can Not Take It Any Longer. (5+ min video clip]
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.
http://smoothiex12.blogspot.com/2022/08/he-can-not-take-it-any-longer.html
https://asiatimes.com/2022/08/indias-new-hypersonic-relies-on-russian-tech/

RT — Question More (Russian state-sponsored media)
Gazprom Warns It Can’t Accept Key Turbine
https://www.rt.com/business/560173-nord-stream-turbine-return-impossible/

ECNS (Chinese official English news service)
Chinese FM [Wang Yi] puts forward 4 proposals on promoting East Asia cooperation (important)
Xinhua (Chinese state media)
http://www.ecns.cn/news/politics/2022-08-04/detail-ihcavkwr6140944.shtml

Economists stress policy aid to boost demand, stabilize growth (detailed and short)
China Daily (owned by the Publicity Department of the Chinese Communist Party)
http://www.ecns.cn/news/2022-08-04/detail-ihcavkwr6138753.shtml

India Punchline
Moscow prioritises ties with Myanmar
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador
https://www.indianpunchline.com/moscow-prioritises-ties-with-myanmar/

TASS (Russian state media)
China will not let Western powers humiliate it like 100 years ago — [Chinese] Foreign Ministry
https://tass.com/world/1489587


Damping

 

Backgrounder on this effect in dynamic systems …

Many systems exhibit oscillatory behavior when they are disturbed from their position of static equilibrium. A mass suspended from a spring, for example, might, if pulled and released, bounce up and down. On each bounce, the system tends to return to its equilibrium position, but overshoots it.

So you can be trying to damp down a system but as the system overall responds negatively (red line) there can be short periods where the system is responding positively (green lines)….




If you only sampled derivatives at the times where the green lines are you might think that your damping function wasn’t working…

Same thing can happen oppositely in amplification:



Anyway you have to be mindful in your time domain analysis…

Then you have the unqualified Art Degree morons say “stability creates instability!” or some other paradoxical nut job statements and these people are in charge… go figure…



Baby formula inventory

 

This stuff is pretty expensive…  as the QT proceeds and C&I inventory finance can return to more normal levels, expect this inventory shortage (and others) to be corrected and the unit prices can be reduced…

The slow start to the QT is extending the period of these and other commercial inventory shortages…




Wednesday, August 3, 2022

Bill Mitchell — Corporate profit greed is driving inflationary pressures

Despite all the hysteria about the current inflationary pressures and the reversion of central bank policy committees to the New Keynesian norm – interest rates have to rise to kill of inflation otherwise it becomes a self-fulfilling process where wage demands are made in ‘expectation’ of more inflation and firms (passively in their view) have to pass on the higher unit costs, I remain of the view that this period is transitory. That doesnt win me any friends (other than my true friends). It also leads to another hysterical line of Twitter-type statements that the Modern Monetary Theory (MMT) have gone silent because they were wrong about fiscal deficits not causing inflation and are too ashamed to admit it. I haven’t gone silent. I have been continuous in my advocacy both privately and publicly. The rise in fiscal deficits during the pandemic and the central bank bond purchases have had little to do with this inflationary episode. Covid, sickness of workers, War, natural disasters (floods, fires) and uncompetitive cartels and energy marktes are the reason for the inflation (variously in different countries) and interest rate increases won’t do much at all to target changes in those driving factors. New ECB research (released August 3, 2022) in their Economic Bulletin (Issue 5, 2022) – Wage share dynamics and second-round effects on inflation after energy price surges in the 1970s and today – reinforces my assessment of the situation....
Bill Mitchell – billy blog
Corporate profit greed is driving inflationary pressures
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Austra…
http://bilbo.economicoutlook.net/blog/?p=50232

China and Mixed Bag — Andrei Martyanov (video 32.51)

 


China and Mixed Bag
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Press
https://youtu.be/JiqmKYQLJWA

See also

Compact Magazine
Sleepwalking Into War With China
David P. Goldman
Originally at Asia Times and posted in the links
https://compactmag.com/article/sleepwalking-into-war-with-china

Links — 3 August 2022 Part 1

The Cradle
How a missile in Kabul connects to a Speaker in Taipei
Pepe Escobar
https://thecradle.co/Article/Columns/13830

Asia Times
Why Pelosi’s Taiwan visit is so dangerous
David P. Goldman
https://asiatimes.com/2022/08/why-pelosis-taiwan-visit-is-so-dangerous/

Global Times (Chinese state-affiliated media)
China's countermeasures against Pelosi's Taiwan visit won't be one-off: Global Times editorial
https://www.globaltimes.cn/page/202208/1272069.shtml

CaitlinJohnstone.com
https://caitlinjohnstone.com/2022/08/03/the-us-military-was-just-used-to-help-a-dementia-patient-try-to-start-ww3/

A Son of the New American Revolution
My Interview with RT on the Thomas Friedman Op-ed (6+ min video interview)
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

Reminiscence of the Future
Gallup Poll And What Really Matters [to the American people] (It's the economy, stupid.)
http://smoothiex12.blogspot.com/2022/08/gallup-poll-and-what-really-matters.html

On a Lighter Note.
http://smoothiex12.blogspot.com/2022/08/on-lighter-note.html
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

Moon of Alabama
Ukraine SitRep - On The Ground Report - Ukrainian Frontline Collapses
https://www.moonofalabama.org/2022/08/ukraine-sitrep-on-the-ground-report-ukrainian-frontline-collapses.html

RayMcGovern.com
Ray’s Likely Last (as in ‘Final’) Appearance on SKYNEWS/ Australia
Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch
https://raymcgovern.com/2022/08/03/rays-likely-last-as-in-final-appearance-on-skynews-australia/

The Vineyard of the Saker
The US plan for the Ukraine from the horse’s mouth (11 sec video clip of Sen. Lindsey Graham)
The Saker
http://thesaker.is/the-us-plan-for-the-ukraine-from-the-horses-mouth/

RT — Question More (Russian state-sponsored media)
US Directly Involved In Ukraine Conflict [Russian Foreign Ministry spokeswoman Maria Zakharova]
https://www.rt.com/russia/560070-us-involvement-ukraine-conflict/

China slaps trade restrictions on Taiwan
https://www.rt.com/news/560124-china-taiwan-trade-ban/

Sputnik International (Russian state-sponsored media)
Pelosi's Taiwan Trip: How US Looks to Maintain Economic Leadership by Undermining Other Regions
https://sputniknews.com/20220803/pelosis-taiwan-trip-how-us-looks-to-maintain-economic-leadership-by-undermining-other-regions-1098087695.html

Photos: China’s PLA Launches Massive ‘Reunification Operation’ Drills Just 12 Miles From Taiwan
https://sputniknews.com/20220803/photos-chinas-pla-launches-massive-reunification-operation-drills-just-12-miles-from-taiwan-1098086276.html

Russia enters acute phase of standoff with unfriendly alliance — MFA (""The enemy's aim is to inflict a strategic defeat on our country and to eliminate it as a geopolitical competitor,"…. Russia gets that this is existential. This is a sufficient condition for use of nuclear weapons in Russian military doctrine.)
https://tass.com/politics/1488597

‘Those Who Offend China Will Be Punished’: Beijing Vows Sanctions Over Pelosi's Visit to Taiwan
https://sputniknews.com/20220803/beijing-pledges-to-punish-those--who-offend-china-as-pelosi-visits-taiwan-1098062210.html

TASS (Russian state media)
Pelosi assures US supports status quo in Taiwan situation
https://tass.com/world/1488477

China sanctions two funds in Taiwan for supporting separatism, say authorities
https://tass.com/world/1488471

US attempting to crowd Russia out from global markets using banal blackmail, says envoy
https://tass.com/politics/1488469

ECNS (Chinese official English news service)
Mainland suspends export of natural sand to Taiwan (ingredient in concrete)
http://www.ecns.cn/news/2022-08-03/detail-ihcavkwr6136811.shtml

Restored giant Buddha statue of Lushena unveiled in Longmen Grottoes (impressive pictures of monumental craftsmanship)
http://www.ecns.cn/photo/2022-08-03/detail-ihcavkwr6136756.shtml










Fractional Reserve Banking And "Fraud" Brian Romanchuk

Although I like the title of my banking primer “Fractional Reserve Banking and its Discontents,” the problem is that I need to deal with some really loopy theories.

The economist Robert Solow provided us with a very good quote regarding the dilemma of such discussions.

Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of Austerlitz. If I do that, I'm getting tacitly drawn into the game that he is Napoleon Bonaparte.

In the area of banking disputes, we run into internet Austrians who argue that fractional reserve banking is “fraudulent” based on alleged historical arguments. I have done my best to blank this nonsense out of my skull, but I will run through what I believe was the logic....
Bond Economics
Fractional Reserve Banking And "Fraud"
Brian Romanchuk

Bill Mitchell — British Tory MP spills the beans on government debt

It’s Wednesday and I have a few items of interest (to me at least) to warm us up for the music feature, which is beautiful though sad. First up we learn how a senior Tory MP has made admissions to the media that completely contradict mainstream macroeconomics and validate what Modern Monetary Theory (MMT) tells us. Second, we learn from the latest ECB data just how ‘flexible’ (read: anything goes) it can be in its government funding. Italy and Spain are being rescued at present. As I said anything goes. And third, the vandalism of the Reserve Bank of Australia continues. Then we can rest and listen to some glorious singing....
Bill Mitchell – billy blog
British Tory MP spills the beans on government debt
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Tuesday, August 2, 2022

Scott Ritter - Biden, terrorism & foreign policy — interview by Judge Napolitano (video 20.56)

 



Scott Ritter - Biden, terrorism & foreign policy
Judge Napolitano - Judging Freedom
https://youtu.be/4-j4fhICWMs


Chip stocks plunge as Nancy Pelosi lands in Taiwan. Here’s why the chip sector in particular could lose big if China follows through on its threat of ‘strong countermeasures’ —Yvonne Lau

Global companies from Apple to Intel and Tesla depend on Taiwan to produce smartphone and computer processors, and A.I. chips for autonomous driving. And Taiwan’s chip dominance is only growing stronger—chipmakers in the country are set to increase their global market share to 66% this year.

That means that any Chinese move against Taiwan in retaliation for U.S. acknowledgement, and the resulting international fallout, would severely disrupt the global chip technology supply chain.

Mark Liu, the chairman of TSMC, said in an interview with CNN this week that the company’s sophisticated manufacturing operations rely on real-time global links with the rest of the world. Any military action or move to take TSMC by force would render its factories inoperable and create “economic turmoil” whereby most of the world’s advanced chip components will disappear, Liu said.…

The US is also heavily dependent on China for pharma, rare earths... the list goes on. Have the people in charge thought this trough? China is much more important to the US and world economies than Russia.

Fortune
https://fortune.com/2022/08/02/nancy-pelosi-taiwan-chip-stocks-us-china-fallout/