Monday, August 15, 2022

Links — 15 August 2022 Part 1

The Vineyard of the Saker
Liberation of Peski. Where to go next?(video 8: 20)
The Saker
http://thesaker.is/liberation-of-peski-where-to-go-next/

AntiWar
Will China Mess With US Warships Headed for Taiwan Strait?
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://original.antiwar.com/mcgovern/2022/08/14/will-china-mess-with-us-warships-headed-for-taiwan-strait/

Naked Capitalism
A Marine’s Assessment of Russia’s Military “Operation” in Ukraine (a “Profound Appreciation of All Three Realms in Which Wars Are Waged”) (This has been speculative because the article involved is behind a wall. Lambert attempts to track this down with some success. When I first published a link to it, I did to and although I could not access the article, I did determine that this was an author there and there was a such a series. I was able to access another article in the series. So I was reasonably sure this article is genuine. Certainly, the media would be able to determine this if they had cared to pursue it, which none have so far.)
Lambert Strether
https://www.nakedcapitalism.com/2022/08/a-marines-assessment-of-russias-military-operation-in-ukraine-a-profound-appreciation-of-all-three-realms-in-which-wars-are-waged.html

Moon of Alabama
Various Points On Ukraine And Media (MoA comments on the above.)
https://www.moonofalabama.org/2022/08/varoius-points-on-ukraine-and-media.html

CaitlinJohnstone.com
China Threatens The US Empire, Not The US Itself: Notes From The Edge Of The Narrative Matrix (Caitoin puts her finger on the nature of the great game that has been underway for centuries, originating when the US was still a colony.)
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/15/china-threatens-the-us-empire-not-the-us-itself-notes-from-the-edge-of-the-narrative-matrix/
 
A Son of the New American Revolution
Understanding Why the Deep State Is Terrified of trump’s Documents (Speculative but plausible, especially coming from a former CIA agent. In addition, it tallies with what I and others have been saying from the get-go. about an attempt to discredit DJT as a candidate and then a soft coup when he was elected."
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/understanding-why-the-deep-state-is-terrified-of-trumps-documents/

Sputnik International (Russian state-sponsored media)
Russia's UAC Planning Test Flight of Fully Domestic Jet SSJ100 in Mid-2023, CEO Says
https://sputniknews.com/20220815/russias-uac-planning-test-flight-of-fully-domestic-jet-ssj100-in-mid-2023-ceo-says-1099625962.html

Sixth Tone
In Shanghai, It’s Always Coffee Week (Human interest, and for coffee lovers everywhere. Shanghai is the coffee capital of the world.)
Lü Xiao
https://www.sixthtone.com/news/1010984/In%20Shanghai,%20It%E2%80%99s%20Always%20Coffee%20Week





Sunday, August 14, 2022

Bill Mitchell – Germany is in deep trouble and requires a major shift in policy strategy

The latest news I read from Germany was that the Rhine is now so low on water that its importance as a commercial waterway for transporting raw materials and finished products is being significantly compromised. The water level in places is now well below that required for navigation by the barges. It is the second time in the space of a few years that inland shipping in Europe has been thwarted by this sort of problem. The War in Ukraine is also causing bottlenecks in the inland transport routes as grain transports are being diverted as a consequence of the Black Sea blockades. Sure enough there are rail transports still capable of shifting the cargo but this problem is one of many now hitting Germany, which is finding out that its economic growth strategy is deeply flawed. It was only a matter of time before the ‘chickens came home to roost’. It was obvious for years that the Post-unification strategy the German government took as it entered the common currency could not deliver sustainable and stable growth. The reliance on suppressing domestic expenditure and wages growth in order to game its Eurozone partners so they recorded large external deficits in order to buy German exports was problematic given that the German insistence on austerity across the Eurozone resulted in stagnation and weaker export markets. Further, Germany relied heavily on diesel engines to underpin the strength of their dominant motor vehicle industry and not only did they lie about the quality of the products, but they failed to foresee the shifting sentiment away from polluting diesel. And, of course, they relied on imported energy from Russia to feed this industrial strength and supply their consumer markets, which assumed that Russia would remain reliable. At present they are also being impacted by the supply disruptions in China, given they have shifted their external sector towards an increased reliance on China. Some of these problems will ease but the reality is that the German model that they took into the Eurozone is now unsustainable. They must abandon their export led growth obsession, increase their reliance on domestic demand and improve the circumstances for their workers while dealing with the increasingly evident climate emergency....
When you find yourself in a hole, stop digging. Germany is still digging.

Bill Mitchell – billy blog
Germany is in deep trouble and requires a major shift in policy strategy
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
http://bilbo.economicoutlook.net/blog/?p=50291

Ukraine takes out key Russian supply bridge. Russia looks increasingly impotent.

 What's Scott Ritter, Andre Maryanov, Col Douglas MacGregor going to say about this?

Russia's air defense is totally absent. Western arms supply is making a big impact.

WTF are the Russians doing?

Ukraine takes out key bridge, "destroying" Russia's plans for south advancement.

https://www.foxnews.com/world/ukraine-takes-out-key-bridge-destroying-russian-plans-south-advancement

Links — 14 August 2022 Part 1

CaitlinJohnstone.com
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/14/modern-us-warmongering-is-scaring-henry-kissinger/

Moon of Alabama
Iran Confirms Drone Sale To Russia - But What Will It Buy In Exchange?
https://www.moonofalabama.org/2022/08/iran-confirms-drone-sale-to-russia-but-what-will-it-buy-in-exchange.html

Land Destroyer
Update on Russian Ops in Ukraine (August 14, 2022)
Brain Berletic, former US military reporting from Thailand
https://landdestroyer.blogspot.com/2022/08/update-on-russian-ops-in-ukraine-august.html

Turcopolier
“Moscow’s Kherson troops nearly cut off after Ukrainian strikes damage road and rail bridges” (see following post)
Col. W. Patrick Lang, US Army (ret.) A Son of the New American Revolution

Russia On The Ropes–Part 13; Really [snark]
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/russia-on-the-ropes-part-13-really/

Reminiscence of the Future
Is Viktor Orban Due To [For] A "Democratic" Coup d'Etat? (Overdue. I am surprised "they" haven't got to him yet.)
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.
http://smoothiex12.blogspot.com/2022/08/is-viktor-orban-due-to-democratic-coup.html

India Punchline
Iran at the crossroads of history
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador
https://www.indianpunchline.com/iran-at-the-crossroads-of-history/

Moon of Alabama
The MoA Week In Review - (Not Ukraine) OT 2022-129
https://www.moonofalabama.org/2022/08/the-moa-week-in-review-not-ukraine-ot-2022-129.html

The Vineyard of the Saker
We will come after you! Message for the Ukronazi terrorists
http://thesaker.is/we-will-come-after-you-message-for-the-ukronazi-terrorists/

Zero Hedge
Taiwanese Officials Trounce Pelosi After Son's Huge Holdings In China Tech Exposed (First Hunter Biden, now Paul Pelosi Jr.)
Tyler Durden
https://www.zerohedge.com/political/taiwanese-officials-trounce-pelosi-after-sons-huge-holdings-china-tech-exposed

RT — Question More (Russian state-sponsored media)
Poll reveals likely next UK PM (Putting politics aside, going from loony to loonier. One even more unqualified than the other.)

Strategic Culture Foundation (sanctioned by the US Treasury Department)
Pepe Escobar
https://www.strategic-culture.org/news/2022/08/13/the-second-coming-of-the-heartland/

Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy
https://www.strategic-culture.org/news/2022/08/08/the-masque-of-pandora/












Saturday, August 13, 2022

What War, Mr. Kissinger? — Andrei Martyanov (video 35:47)

 


What War, Mr. Kissinger? — Contusion and PTSD in real war
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/8xIDaHkYFLA

Related

RT — Question More (Russian state-sponsored media)
US ‘on brink’ of war with Russia and China – Kissinger
https://www.rt.com/russia/560632-russia-developing-new-world/

Ukraine: the invasion of capital — Michael Roberts

As Michael Hudson has been saying, this has been the plan for the entire Global South/East since the colonial era that has morphed into neoliberalism, neo-imperialism and neocolonialism. Ukraine is just the next colony in the great game.

Michael Roberts Blog — blogging from a marxist economist

China-US decoupling gushes out — MK. Bhadrakumar

 Evidence of further decoupling of the Global North/West and Global South/East as a manifestation of a multipolar world order. This is also the manifestation of decolonization. Considering that the major growth is expected in the Global South/East, as well as its being the location of most natural resources, this may be shortsighted of the Global North/West. The alternative seems to be submitting the Global South/East to continued colonization through superior economic and military power. That is being tested now and so far it is not going according to plan. But it is yet early in this episode of the great game that has been underway since the rise of the West a millennium after the fall of the Roman Empire..

India Punchline
China-US decoupling gushes out
MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

See also

Reuters
EXCLUSIVE India's top cement maker paying for Russian coal in Chinese yuan
Sudarshan Varadhan, Aftab Ahmed and Nupur Anand
https://www.reuters.com/business/exclusive-indias-top-cement-maker-paying-russian-coal-chinese-yuan-2022-06-29/
 


Bears impatient on the QT

 

Everyone is bearish on the QT but Fed not really imposing the QT policy yet… frustrating for the bears…


Effectively still no QT yet:




Bearish on the Fed alleged forthcoming QT:




Friday, August 12, 2022

Links — 12 August 2022 Part 2

Reminiscence of the Future
Mighty Estonia...
http://smoothiex12.blogspot.com/2022/08/mighty-estonia.html

About Real War.
http://smoothiex12.blogspot.com/2022/08/about-real-war.html

Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

The Grayzone
How Britain fueled Ukraine’s war machine and invited direct conflict with Russia
TJ Coles
https://thegrayzone.com/2022/08/12/britains-military-russia-ukraine/

TASS (Russian state media)
Russia urges West not to create hurdles for IAEA mission to Zaporozhye power plant — MFA
https://tass.com/politics/1493011

US doesn’t think Ukraine shelled Zaporozhye power plant (The plant is in the hands of the Russian military but operated by the Ukrainian crew. Ukraine charges that Russia is shelling the plant, which Russia contends that it is Ukraine. The US and West sides with Ukraine's allegation on the issue.)
https://tass.com/world/1493035

US says did not give Ukraine weapons for strikes at airfield in Crimea ("According to the Russian defense ministry, several aviation bombs detonated at the Saki airfield in Crimea on Tuesday.")
https://tass.com/world/1493035

US doesn’t encourage Ukraine to strike Russia — official
https://tass.com/world/1493023

The UnZ Review
In Actual Russia, No Sign of Sanctions, by Ted Rall (on-site report)
https://www.unz.com/trall/in-actual-russia-no-sign-of-sanctions/



Links — 12 August 2022 Part 1

Moon of Alabama
The Mystic Ukrainian Kherson Offensive Did Not And Will Not Happen At All
https://www.moonofalabama.org/2022/08/via-daniel-ukraine-battle-expands-as-kyiv-launches-counteroffensive-new-york-times-may-29-2022-ukraine-regains-some.html

India Punchline
US commits a perfect murder in Kabul
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador
https://www.indianpunchline.com/us-commits-a-perfect-murder-in-kabul/

WSWS
FBI agents raid black nationalist group’s homes, offices over bogus allegations of conspiracy with Russia
E.P. Milligan
https://www.wsws.org/en/articles/2022/08/09/mndm-a09.html

Gilbert Doctorow — International relations, Russian affairs
The German Greens and Unprincipled Lust for Power
Gilbert Doctorow
https://gilbertdoctorow.com/2022/08/12/the-german-greens-and-unprincipled-lust-for-power/

Sputnik International (Russian state-sponsored media)
US 'Lost Track' of Afghan War Aims, Says Retired Marine General [Kenneth Franklin McKenzie]
James Tweedie
https://sputniknews.com/20220812/us-lost-track-of-afghan-war-aims-says-retired-marine-general-1099521315.html


Thursday, August 11, 2022

Links — 11 August 2022 Part 2

Defense One
US Military ‘Furiously’ Rewriting Nuclear Deterrence to Address Russia and China, STRATCOM Chief Says [Navy Adm. Chas Richard] (The US is now in uncharted territory with two peer competitors of the US allied with each other.)
Tara Copp

How Putin’s Ukraine War Has Only Made Russia More Reliant on China (This is one of the silliest posts I have read about Russia and China — with the exception of the Small Wars Journal in general. Andrei Martyanov has shown how and why Russia is the senior partner to China. Tag as useful fiction.)
Thomas Low is pursuing a masters in international security at George Mason University’s Schar School of Policy and Government. He has previously written for National Defense magazine and the American Conservative.  P.W Singer is senior fellow at New America and co-founder of Useful Fiction LLC.
https://www.defenseone.com/ideas/2022/08/how-putins-ukraine-war-has-only-made-russia-more-reliant-china/375714/

International Republican Institute 
IRI Ukraine Poll Shows Strong Confidence in Victory over Russia, Overwhelming Approval for Zelensky, Little Desire for Territorial Concessions, and a Spike for NATO Membership ("Soon after Reagan’s prescient words, the International Republican Institute (IRI) was founded as one of the core institutes of the National Endowment for Democracy (NED), with a mission to advance democracy worldwide." from the About page)
https://www.iri.org/news/iri-ukraine-poll-shows-strong-confidence-in-victory-over-russia-overwhelming-approval-for-zelensky-little-desire-for-territorial-concessions-and-a-spike-for-nato-membership/

Al Jazeera
UK says Russia ‘starting to fail’ in Ukraine war (evidence-free claim as Russia contradicted by reports as the Russian military and the republic militias grind on.)
https://www.aljazeera.com/news/2022/8/11/uk-ministers-say-russia-has-failed-as-west-pledges-more-aid

Southfront (sanctioned by the US Treasury Department)
Senior US Marine Corps Officer Expresses Admiration For The ‘Revolutionary’ Way In Which Russia Has Fought Its War In Ukraine ("The picture that has been presented of the war in Ukraine is completely at odds with the reality of the situation on the ground.  Surprisingly, information that supports this assertion, which totally undermines the Western media narratives regarding the war, is provided by an article in the August edition of the United States Marine Corps Gazette. Writing under under the pen name Marinus, a senior marine corps officer, provides an objective analysis of Russian military strategy since late February. It totally undermines the narratives provided by Western media and pro Washington politicians." Must-read)
Dr. Leon Tressell
https://southfront.org/us-marine-corps-officer-expresses-admiration/

CaitlinJohnstone.com
All Our Systems Are Built To Elevate Viciousness
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/12/all-our-systems-are-built-to-elevate-viciousness/ 

RT — Question More (Russian state-sponsored media)
https://www.rt.com/news/560626-switzerland-kiev-russia-diplomacy/











Samarkand at the crossroads: from Timur to the BRI and SCO — Pepe Escobar

 Central Asia is waking up from a long slumber. Pepe Escobar provides historical background to an area that has huge economic potential and therefore geopolitical potential as well, couple with its strategic location with respect to China, Russia and Iran.

Incidentally, Craig Murray served as British ambassador to Uzbekistan.

Pepe Escobar

Sensor Fusion and Uncertainties — Andrei Martyanov (video 39:42)

 


Sensor Fusion and Uncertainties
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/_4d2BxSbGWg

Links — 11 August 2022 Part 1

Naked Capitalism
Is the US Underestimating China’s Space and Counterspace Capabilities?
Yves Smith
https://www.nakedcapitalism.com/2022/08/is-the-us-underestimating-chinas-space-and-counterspace-capabilities.html

RT — Question More (Russian state-sponsored media)
Ukraine and its Western backers should be held accountable for the ‘suicidal’ attack on Europe’s largest nuclear powerplant
Scott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons inspector
https://www.rt.com/russia/560561-ukraine-nuclear-powerplant-attack/

Russia summons UN Security Council over nuclear emergency
https://www.rt.com/russia/560576-zaporozhye-nuclear-plant-un/

Glenn Diesen: In the developing new world order, Russia’s weapons will be pointing West, and its economy directed towards the East
Glenn Diesen, Professor at the University of South-Eastern Norway and an editor at the Russia in Global Affairs journal
https://www.rt.com/russia/560632-russia-developing-new-world/

Europeans must be willing to ‘pay’ to support Ukraine – top EU diplomat (Josep Borrell)
https://www.rt.com/news/560627-eu-pays-ukraine-price/

TASS (Russian state media)
Zaporozhye NPP operates routinely after new attack, no radiation danger — authorities
https://tass.com/politics/1492377

Zaporozhye regional official blames West for spreading fake news of mines planted at NPP
https://tass.com/politics/1492167

Sputnik International (Russian state-sponsored media)
Moscow Slams Kiev's Shelling of Zaporozhye NPP as 'Act of Nuclear Terrorism
https://sputniknews.com/20220811/moscow-slams-kievs-shelling-of-zaporozhye-npp-as-act-of-nuclear-terrorism-1099474068.html

'Another Step Up the Escalation Ladder': Denmark Sends 130 Instructors to Train Ukrainian Soldiers (this is how escalation began in Vietnam)
https://sputniknews.com/20220811/another-step-up-the-escalation-ladder-denmark-sends-130-instructors-to-train-ukrainian-soldiers-1099468999.html

ECNS (Chinese official English news service)
China's scientific research climbs to No 1 (Japanese study)
China Daily (Chinese state-sponsored media)
http://www.ecns.cn/news/2022-08-11/detail-ihcazrmu4815313.shtml

1945
Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Priorities
https://www.19fortyfive.com/2022/08/david-petraeus-is-wrong-the-afghanistan-war-was-never-winnable/















The Recession Question — Stephanie Kelton

As many of you know, I co-host a weekly podcast called the Best New Ideas in Money. This week’s episode focuses on the economy and, specifically, the debate about whether we’re in, headed for, or likely to escape a recession. I shared my own views, but the episode really features two former central bank economists—Claudia Sahm and David “Danny” Blanchflower—with different takes on where we are at the moment.…
The Lens
The Recession Question
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/the-recession-question

Bill Mitchell – Radical change is needed and mainstream economics will not be part of the solution

I wrote about what I am terming a ‘poly crisis’ in this recent blog post – The global poly crisis is the culmination of the absurdity of neoliberalism (July 18, 2022). I am working on material for my next book to follow up – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, September 2017). The German word ‘Zeitenwende’ means turning point. A fork in the road. It carries with it, from one interpretation, a recognition that the path that has been traversed to date is not the path that should be followed in the future. Something has to give. Whether Albert Einstein actually said “Insanity is doing the same thing over and over and expecting different results” is an interesting literary issue but the essence of the quote (correctly attributed to him or not) is sound. The idea of a ‘poly crisis’ is that big shifts in thinking and behaviour are required. We simply cannot continue to act in the same way as before whether it be on an individual level (us making our own choices) or at a societal level. The organisation of economic activity, our patterns of consumption and conduct of economic policy must all change – radically – for the planet to survive. Tinkering around the edges will be insufficient. Identifying a ‘poly crisis’ is tantamount to declaring the neoliberal experiment has failed dramatically and taken us all to the brink. It cannot form a basis for the future. But there is massive resistance to change and in Australia in the last week we have seen that in spades....
The underlying reason for problems affecting the world, and there are many, is lack of systems awareness. Markets are supposed to overcome the inherent uncertainty affecting human decision making, but this is a questionable assumption, if not a discredited one. A new approach is needed and apparently needs to be managed. The question is whether humans are capable of doing this in a way that meets the challenges, If not, disaster impends. There are no clear solutions on the table and it is questionable whether concerted action on them would even be possible in the current geopolitical situation. But best effort is a moral obligation, at the very least necessitated by consequentialism.

Bill Mitchell – billy blog
Radical change is needed and mainstream economics will not be part of the solution
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Wednesday, August 10, 2022

Links — 10 August 2022 Part 2

The Vineyard of the Saker
Why have I stopped posting maps of the situation in the Ukraine and a few other questions
The Saker
http://thesaker.is/why-have-i-stopped-posting-maps-of-the-situation-in-the-ukraine-and-a-few-other-questions/

Sputnik International (Russian state-sponsored media)
Amid Cross-Strait Crisis, Taiwan’s Opposition KMT Sends ‘Fact-Finding Delegation’ to Mainland China (KMT favors peaceful reunification.)
https://sputniknews.com/20220810/amid-cross-strait-crisis-taiwans-opposition-kmt-sends-fact-finding-delegation-to-mainland-china-1099462315.html

ECNS (Chinese official English news service)
PLA to regularly patrol Taiwan region
China Daily (Chinese state-sponsored media)
http://www.ecns.cn/news/2022-08-11/detail-ihcazrmu4814002.shtml

PLA operations around Taiwan a deterrent to collusion between separatists and external forces: spokesperson [for Ministry of Defense Tan Kefei]
Xinhua (Chinese state media)
http://www.ecns.cn/news/2022-08-11/detail-ihcazrmu4813970.shtml

Chinese FM [Wang Yi] slams Pelosi's visit to Taiwan
Xinhua (Chinese state media)
http://www.ecns.cn/news/2022-08-11/detail-ihcazrmu4813962.shtml

Asia Times
David P. Goldman
https://asiatimes.com/2022/08/worst-productivity-drop-ever-means-more-inflation/

Covert Action Magazine
Russians Welcomed as Liberators in Many Eastern Ukrainian Cities Contrary to Western Media Depictions
Sonja Van den Ende, Dutch independent journalist
https://covertactionmagazine.com/2022/08/10/russians-welcomed-as-liberators-in-many-eastern-ukrainian-cities-contrary-to-western-media-depictions/

The Shrinking Deficit and Our Shrinking Economy — Stephanie Kelton

I thought I was done writing for today, but I just stumbled across this post, and it got under my skin. It’s probably behind a paywall for many of you, so I’ll just quickly summarize.

The US Treasury Department has reported that “for the first ten months of the fiscal year, which ends Sept. 30, the deficit was $726 billion, down sharply from $2.5 trillion in the same period last year. That’s a record $1.8 trillion narrowing.” …
The Lens
The Shrinking Deficit and Our Shrinking Economy
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/the-shrinking-deficit-and-our-shrinking

Links — 10 August 2022 Part 1

Asia Times
Ukraine – the situation (August 10, 2022)
Uwe Parpart
https://asiatimes.com/2022/08/ukraine-the-situation-august-10-2022/

VS
Only NATO Could De-Militarise Itself!
James Tweedie
http://thesaker.is/only-nato-could-de-militarise-itself/

Bracing Views
The Ukrainian Boondoggle as a Black Hole
W. J. Astore, Lieutenant Colonel (USAF ret.), taught at the Air Force Academy, the Naval Postgraduate School, and currently at the Pennsylvania College of Technology
https://bracingviews.com/2022/08/10/the-ukrainian-boondoggle-as-a-black-hole/

RT — Question More (Russian state-sponsored media)
G7 issues nuclear demand to Moscow
https://www.rt.com/news/560604-g7-demand-russia-zaporozhye-power-plant/?utm_source=feedly&utm_medium=rss&utm_campaign=RSS

CaitlinJohnstone.com
CBS Wanted To Do Critical Reporting On Ukraine’s Government But Ukraine’s Government Said No (What happened is actually worse than the headline.)
Caitlin Johnstone
https://caitlinjohnstone.com/2022/08/10/cbs-wanted-to-do-critical-reporting-on-ukraines-government-but-ukraines-government-said-no/
 
Moon of Alabama
How Ukraine Lost Its Riches
https://www.moonofalabama.org/2022/08/how-ukraine-lost-its-riches.html

Oilprice
China And Saudi Arabia Intensify Energy Cooperation With Critical Deal
Simon Watkins
https://oilprice.com/Energy/Energy-General/China-And-Saudi-Arabia-Intensify-Energy-Cooperation-With-Critical-Deal.html

Al Mayadeen English — Arab Independent Media Satellite Channel
US occupation loots most of Syria’s oil: Ministry
https://english.almayadeen.net/news/politics/us-occupation-loots-most-of-syrias-oil:-ministry

Sputnik International (Russian state-sponsored media)
US Warns Iran of ‘Severe Consequences’ After Plot to Murder Bolton Uncovered
https://sputniknews.com/20220810/us-warns-iran-of-severe-consequences-after-plot-to-murder-bolton-uncovered-1099459518.html
https://tass.com/world/1492059

Responsible Statecraft — The Quincy Institute
US miscalculations are now legion — but what to do now?
Ted Galen Carpenter
https://responsiblestatecraft.org/2022/07/29/us-miscalculations-are-now-legion-but-what-to-do-now/

ECNS (Chinese official English news service)
Full Text: The Taiwan Question and China's Reunification in the New Era
Xinhua (Chinese state media)
http://www.ecns.cn/news/politics/2022-08-10/detail-ihcazrmu4811890.shtml


They Did It — Stephanie Kelton

 Well, they did it. For the second time in two years, democrats in the Senate held together to pass a fiscal package via a process known as budget reconciliation. The climate, tax, and health care bill—dubbed the Inflation Reduction Act (IRA)—received its deciding vote (51-50) from Vice-President Harris on Sunday afternoon. Every republican voted against it. Now it’s over to the House, where it is expected to pass later this week, and then on to President Biden for his signature....

The Lens
They Did It
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/they-did-it

Bill Mitchell – Where are all the economists? Its lucky they have gone AWOL

It’s Wednesday and so I write less on the blog to allow me to write more elsewhere. And, we get a chance to savour some music – today some of the best vibraphone playing that was recorded. Simon Jenkins wrote a column in the UK Guardian on Monday (August 8, 2022) – Who knows if Truss or Sunak is right on the cost of living crisis – where are all the economists? – which runs the line that my profession has gone to ground as the two Tory leadership hopefuls come out with diametrically opposed views as to how to fix the ‘cost of living crisis’ in the UK. Well, he could have answered his own question. Who would want the opinion of the ‘economists’ by which I mean the mainstream macroeconomists given they have an appalling record of prediction anyway. The majority are supporting the Bank of England’s kamikaze interest rate increases because they think monetary policy is an effective solution to inflationary pressures and they agree that unemployment should be a policy tool rather than a policy target. He might also have noted in his article that who gets a platform in the public debate about economic matters is heavily biased against those who might offer an alternative view. Try getting an Op Ed in the UK Guardian, for example, if you are non mainstream and not part of the ‘progressive, pro-Europe’ network in London. And on those cost of living pressures, no mainstream economist that the UK Guardian is likely to publish would propose nationalising energy supply, public transport, water supply and telecommunications anyway. Which is the best long-term solution to protect workers and low-income consumers. Further, the latest data from the US indicated that inflation has peaked and inflationary expectations are falling sharply. Did anyone mention the word ‘transitory’ around here?...
Bill Mitchell – billy blog
Where are all the economists? Its lucky they have gone AWOL
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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/