Wednesday, March 24, 2021

PROJECT VERITAS EXPOSES IMMIGRATION CRISIS - Steve Hilton, Alejandro Mayorkas, The Truth

 James O'Keefe with Project Veritas and PragerU has done it again!! He released leaked photos today of the immigration "camp" in Donna, Texas. They are worse than anyone can imagine. In the photos you see hundreds of immigrates of all ages laying shoulder to shoulder on the floor wrapped in foil blankets. It has been reported that there are upwards of 3,300 immigrates being processed and released into the United States at this location alone. O'Keefe also captures vans and buses leaving the facility full of minors being sent all over the country. 



It is also worth mentioning that by releasing this information he caught Alejandro Mayorkas in multiple lies on national television. Steve Hilton of Fox News breaks down all of the over half dozen lies he told the American people just yesterday. 



Even Democrats recognize this catastrophe at the border was cause directly by the Biden administration. When will something be done? When will the border be secured? When will we stop packing hundreds of kids in cages and hold them for weeks? How many immigrates are going to be released into the US without a court date? Don't ask Jen Psaki, we can't afford to circle back to this one.





Tuesday, March 23, 2021

Links — 23 March 2021

RT
Sidney Powell says ‘no reasonable person’ would take her election fraud claims as fact as she seeks to toss $1.3bn Dominion suit


MERICS Press release
Statement on the sanctions imposed by China that also affect MERICS
Christine Krüger


Responsible Statecraft
We have no intention of fighting Russia so stop arming Ukraine for battle
Anatol Lieven | professor of government at Georgetown University in Qatar


The Vineyard of the Saker
Sino-US Dialogue in Alaska: Outcomes.
Prof. Engr. Zamir Ahmed Awan, Sinologist (ex-Diplomat), Editor, Analyst, Non-Resident Fellow of CCG (Center for China and Globalization), National University of Sciences and Technology (NUST), Islamabad, Pakistan

Canadian Economist Dispels 4 Myths About Socialism — Radhika Desai


“The word ‘socialism’ sounds very scary to many people,” said Canadian political economist Radhika Desai in a recent interview. “Because of the propaganda against the idea of socialism, we’ve been made to fear socialism,” she added....
Interesting but lacks a systems view, so the analysis is limited to "myth-busting" by attacking straw man arguments.
Radhika Desai | professor with the Department of Political Studies at University of Manitoba, and director of the Geopolitical Economy Research Group

Bill Mitchell — RBA shows who is in charge as the speculators are outwitted

While progressive-sort-of politicians, at least they say they are progressive, work out all the ways they can parrot mainstream macroeconomics textbooks about fiscal deficits and public debt to make themselves appear ‘credible’, even using credibility in the title of key fiscal rules they advocate, the world passes them by rather quickly. British Labour is crippled by, among other things like Europe, their belief that the City (finance) is powerful and the state has to appease the interests of the speculators. The Australian Labor Party is no different and so it goes everywhere. Give a traditional social democratic politician any latitude and they privatise, cut welfare spending, deregulate, give handouts to the top-end-of-town and more. We have four decades of this behaviour to back that accusation up. Well one of the more conservative central banks in the world – the Reserve Bank of Australia – is currently demonstrating what Modern Monetary Theory (MMT) economists have said all along – the financial markets can always be subjugated by the power of government, any time policy makers choose to exercise their capacity. It is time that these progressive types realised that and became much more ambitious and, yes, progressive, really progressive rather than adopting the sycophantic stance that the ‘financial markets will destroy our currency’, which has undermined traditional social democratic politics.…
Bill Mitchell – billy blog
RBA shows who is in charge as the speculators are outwitted
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Boxed In On China — Stephen S. Roach

Trapped in a groundswell of anti-China sentiment, US President Joe Biden’s team appears to be staying the course set by the previous administration. A better way would be for both sides to go back to basics – the economics and trade issues that have long anchored the US-China relationship.

Poisoned relationship. 

There is more to it, however. A big reason for the Chinese sentiment other than the constant propaganda in the media and from politician is the precariousness of the middle class and the condition of the working class. "China" is used as a scapegoat to deflect from the consequences of neoliberal policy choices and institutional arrangements. ("Russia" on the other hand is used to feed what Ray McGovern calls the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex.)

Project Syndicate
Boxed In On China
Stephen S. Roach, a faculty member at Yale University, former chairman of Morgan Stanley Asia, and the author of Unbalanced: The Codependency of America and China.

Reform of What? — Peter Radford

Technological disruption as the world enters the digital age is taking place in a way that is similar to the disruption that occurred in the transition from feudalism to capitalism and the transition from the agricultural age to the industrial age. While that transition was eventually completed, the process was painful for many. Are we now facing a repeat? What are the social and political implications of the shifting economic landscape?

The Radford Free Press
Reform of What?
Peter Radford

See also

Developing Economics
Hidden Abodes in Plain Sight: What the COVID-19 Pandemic has revealed and why we need to put Social Reproduction at the centre of a more just post-Covid world
Sara Stevano, a Lecturer in Economics at the School of Oriental and African Studies (SOAS), Alessandra Mezzadri, Senior Lecturer in Development Studies at the School of Oriental and African Studies (SOAS), Lorena Lombardozzi, Lecturer in Economics at the School of Social Sciences & Global Studies in the Faculty of Arts and Social Sciences (FASS) at the Open University, and Hannah Bargawi, Senior Lecturer in Economics at the School of Oriental and African Studies (SOAS)

Be Still!

 












Glen Canyon 



Taj Mahal at sunrise 



Monday, March 22, 2021

The Post-Target Paradigm: Analyzing China Just Got Harder but More Interesting — Damien Ma

Abandoning specific numerical targets, Chinese economic policy enters uncharted territory.
But Xi has made it rather clear that he doesn’t intend to run China like a corporation, instead preoccupying his first two terms with imposing longer-term thinking—for example by consistently touting the “two centenary goals.”...
Macro Polo — Paulson Institute
The Post-Target Paradigm: Analyzing China Just Got Harder but More Interesting
Damien Ma

Paulson Institute is an independent institute at the University of Chicago that was founded by former US Treasury Secretary Henry Paulson.

Links — 22 March 2021

India Punchline
Talks in Alaska can be transformative for US-China ties
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service


Tom Dispatch
Washington’s Delusion of Endless World Dominion
Alfred McCoy

Tyler Durden





Sputnik International (Russian state-sponsored media))
Russian Foreign Ministry: US Has Rejected Putin's Proposal for Video Talks With Biden



TASS (Russian state media)
Russia cannot rule out any western threats, even disconnection from SWIFT — Kremlin

Putin always has nuclear briefcase at hand wherever he is — Kremlin

Russian, Chinese top diplomats inform each other about their countries’ relations with US

US company violates Sputnik V patent rights, says Russian Direct Investment Fund

EU protects interests of pharmaceutical companies when rejecting Sputnik V, says Putin

CIS nations condemn interventions that seek to topple legitimate gov'ts, statement reads


The Scrum
Patrick Lawrence and James Carden: Our cold, two-front war.
James Carden and Patrick Lawrence


The National Interest (between the rock and the hard place)
Mark Episkopos: World War III: If Russia Invaded the Baltics NATO Couldn’t Stop Them


SouthFront (independent media alleged by US State Deparment to be Russian state sponsored)
Prigozhin Asks Russian Police To Open Criminal Case Over FBI Kidnapping Threat


Consent Factory (C. J. Hopkins is a satirist but this post is not satire)
The New Normal “Reality” Police
C. J. Hopkins


Craig Murray Blog (life in the "free world")
The World Darkens a Little More: I May Have to Spend Some Time as a Political Prisoner
Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee


Valdai Club — Analytics (Russian state-affiliated think tank)
Updating the USSR: A Test for Freedom
Timofei Bordachev | Valdai Club Programme Director


New Eastern Outlook (NEO) — A Journal of the Institute of Oriental Studies of the Russian Academy of Sciences
Dimitry Bokarev



The Vineyard of the Saker (Russia and China are jointly pushing back now – Cold War 2.0 on)
Sitrep: The Unipolar moment is over; the Multipolar moment is here.
The Saker


The Grayzone
US intelligence thinks you’re stupid: ODNI report blames Russia, ignores Colombian election interference
Dan Cohen

Ten years on, Syria is almost destroyed. Who’s to blame? — M. K. Bhadrakumar

In George Orwell’s novel Animal Farm, the ruling pigs led by Napoleon constantly rewrote history in order to justify and reinforce their own continuing power. The rewriting by the western powers of the history of the ongoing conflict in Syria leaps out of Orwell....
Historical backgrounder.

India Punchline
Ten years on, Syria is almost destroyed. Who’s to blame?
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Jack Ma is not the problem — Li Xuran


Excellent analysis of capitalism with Chinese characteristics

It is about the opportunities, challenges and dangers that capitalism entails, and how to deal with these issues in a developing socialist country. There is little or no development outside of capitalism but unbridled capitalism will take over everything and eventually run amok. The Chinese leadership understands this, and the example of the West stands as a warning, showing the pitfalls to avoid without throwing the baby out with the bathwater. In the author's view is on the right track.

The analysis is highly sophisticated, but it is put in a way that any educated person can understand.
 
Should-read.

MR Online
Jack Ma is not the problem
Li Xuran, originally published in Chinese in Utopia (乌有之乡)

Lars P. Syll — The Deficit Myth

Comments on Stephanie Kelton's The Deficit Myth.

Lars P. Syll’s Blog
The Deficit Myth
Lars P. Syll | Professor, Malmo University

Book Concept: Inflation Primer — Brian Romanchuk

If we ask the question "What do we know for sure about inflation?", my initial reaction was to believe that there would not be much to discuss, given the complexity of the topic. However, given the disinformation that has been vomited all over the internet about inflation in the past decades, there is a certain amount of common beliefs about inflation that are completely and hilariously wrong. Debunking them gives the book a bit of an interesting hook, although I will include some straightforward explanation of historical trends, and patterns of behaviour within the data....
Bravo. I just called for this yesterday as a follow-up to Stephanie Kelton's The Deficit Myth. Now that the debate has shifted, the inflation constraint is front and center, and nonsense views are flying about. 

Bond Economics
Book Concept: Inflation Primer
Brian Romanchuk

Bill Mitchell — More privatisation myopia

Australia was established a federation in 1901 after being a collection of colonies after the British consficated the land space from the indigenous population that had been here for more than 30,000 years. In 1916, the Australian government as one of the important early initiatives in establishing Australia as a nation under white rule created the – Commonwealth Serum Laboratories – as a national manufacturer of vaccines. Its early priorities was to produce antivenom to deal with snake bites, insulin and tetanus vaccines, and, later, vaccines for diptheria, whooping cough, and polio. It became a leader in manufacturing blood products for HIV and more. It was a jewel in Australia’s crown, guaranteeing that we could deal with the dangerous human conditions with our own capacity and without being held ransom by profit-seeking corporations. In 1994, the Labor government privatised the public body, claiming it did not have sufficient funds to update some equipment. The Government has now contracted this private corporation (CSL) to the tune of $A1.7 billion to supply the AstraZeneca vaccine, while at the same time, refusing to provide pandemic support to workers in the arts and university sectors....

Myopia is a defining characteristic of this neoliberal era.

It is now becoming increasingly obvious to all that decisions taken under the guise of ‘saving the public money’ and ‘making things work better’ are now requiring significantly higher public outlays to redress dysfunctional outcomes....
Bill Mitchell – billy blog
More privatisation myopia
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Does The CPI Exclude Food And Energy? — Brian Romanchuk

This has to be the easiest internet myth to debunk.
Bond Economics
Does The CPI Exclude Food And Energy?
Brian Romanchuk

Sunday, March 21, 2021

RT — Russia, China Must Move Away From Using Dollar, Western-Controlled Payment Systems, Lavrov Says

The US sanctions risks need to be alleviated by switching to alternative currencies and moving away from using the dollar, Russian Foreign Minister Sergey Lavrov said.
"We need to reduce sanctions risks by strengthening our technological independence, by switching to payments in national currencies and in world currencies, alternative to the dollar. We need to move away from the use of Western-controlled international payment systems," Lavrov said in an interview with Chinese media, published by the Russian Foreign Ministry.
The minister said the US is aiming to limit the technological development of Russia and China, so the two countries need to strengthen their independence.
"They are promoting their ideologised agenda aimed at maintaining their dominance by holding back the development of other countries. This policy runs counter to the objective trend and, as it was customary to say, is ‘on the wrong side of history.’ The historical process will still take its toll," Lavrov said....
Looks like Cold War 2.0 is on.

RT (Russian state-sponsored media)
Russia, China Must Move Away From Using Dollar, Western-Controlled Payment Systems, Lavrov Says

See also

TASS (Russian state media)
Russia supports idea of wide coalition to combat unilateral sanctions - Lavrov

Russia-China Friendship Treaty to be automatically extended for 5 years

Part I: Putin and Xi care MUCH more about the health, wealth and safety of Euranglolanders than Biden, Johnson, Macron, Merkel and the rest of the West’s kakistocracy. — Jeff J. Brown

I would like to point out four key priorities [of globalization], as I see them.

First, everyone must have comfortable living conditions, including housing and affordable transport, energy and public utility infrastructure. Plus, environmental welfare, something that must not be overlooked.

Second, everyone must be sure that they will have a job that can ensure sustainable growth of income and, hence, decent standards of living. Everyone must have access to an effective system of lifelong education, which is absolutely indispensable now and which will allow people to develop, make a career and receive a decent pension and social benefits upon retirement.

Third, people must be confident that they will receive high-quality and effective medical care whenever necessary, and that the national healthcare system will guarantee access to modern medical services.

Fourth, regardless of the family income, children must be able to receive a decent education and realize their potential. Every child has potential.” (Putin, Davos)
Part I is on Putin. Part II will be about Xi Jinpeng.

Video and transcript.

China Rising
Part I: Putin and Xi care MUCH more about the health, wealth and safety of Euranglolanders than Biden, Johnson, Macron, Merkel and the rest of the West’s kakistocracy.
.Jeff J. Brown

Also

That American  mainstream media are still talking about these things shows the power of the manufactured narrative.

And the loudest challenge to the mainstream media narrative is rampant conspiracy theory.
 
Dissident Voice
The Latest Lies About Russia
David Swanson

also

Rush Limbaugh (RIP) replacement.

The Independent
Trump to launch his own social media platform ‘in two or three months,’ aide says
Griffin Connoll

Garland Nixon - Biden Calls Putin a Killer with no Soul

It's an excellent video! And Garland Nixon's relaxed manner makes it easy to watch too. It's very much the kind of views you find expressed here at MNEs. 


Joe Biden referred to Russian President as a "Killer with no soul." What does it mean and what will be the consequences.




AJIT Singh - ‘Independent’ report claiming Uyghur genocide brought to you by sham university, neocon ideologues lobbying to ‘punish’ China

US media hailed a Newlines Institute report accusing China of Uyghur genocide as a “landmark” independent analysis. A look beneath the surface reveals it as a regime change propaganda tool by interventionist operatives at a sham university.


The following piece is an impressive demolition of 'the shabby propaganda campaign dressed up as academic inquiry' into China's treatment of the Uyghurs. Western media (BBC/Guardian) 'plays a central role' in a cynical campaign that is leading us to war.

John Pilger

 

The report’s authors have insisted that they are “impartial” and are “not advocating any course of action whatsoever.” But a closer look at the report and the institutions behind it reveals its authors’ claims of “independence” and “expertise” to be a blatant deception. 


Indeed, the report’s principal author, Yonah Diamond, recently called on the Biden administration to unilaterally “confront,” and “punish” China for supposedly committing genocide, and expand sanctions against the country. Meanwhile, the think tanks behind the report have advocated fervently for the West to “combat” and sanction China, and have promoted US regime change policies targeting Syria, Venezuela, Iran, and Russia.


A majority of the report’s “expert” signatories are members of the Newlines Institute and the Wallenberg Centre. Others are members of the hawkish Inter-Parliamentary Alliance on China, former US State Department officials, and ardent supporters of US military interventionism. The report relies most substantially on the “expertise” of Adrian Zenz, the far-right evangelical ideologue, whose “scholarship” on China has been demonstrated to be deeply flawed, riddled with falsehoods and dishonest statistical manipulation. 

 

The Greyzone 

‘Independent’ report claiming Uyghur genocide brought to you by sham university, neocon ideologues lobbying to ‘punish’ China



MMs, MMTers, Larry Summers, young tweeters, and politicians — Scott Sumner

Scott Sumner still doesn't get MMT. It is a bit more nuanced than he thinks, it appears. This is not entirely his fault in that MMT economists present a simplified model for popular consumption and that is unlikely to satisfy economists. Similarly for the MMT-based macro textbook, which is aimed at undergraduates and beginning grad students. But this doesn't excuse conventional economists that have read the popularized MMT literature and blogs and still have questions, in that they need to dig deeper into the professional literature.

But for an economist to really grasp MMT, background in Keynes, Post Keynesianism, and institutional economics, finance, and accounting are needed, since MMT builds on this foundation. Conventional economists don't have this background and lacking it, they approach MMT on terms of conventional economics, which heterodox economists view as flawed. So it is unsurprising that MMT doesn't fit those models. In addition to "Chicago School economics," this affliction includes New Keynesianism. So it is unsurprising that neither Scott Sumner nor Paul Krugman get it yet. But I am rooting for them to do so.

The Money Illusion
MMs, MMTers, Larry Summers, young tweeters, and politicians
Scott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University

Saturday, March 20, 2021

Welcome to the age of Modern Monetary Theory: It's turning conventional economics upside down — Andew Kordik

Naturally, politicians and pundits debate whether the amount is excessive. But implicit in their seemingly routine deficit debate is a remarkable shift: Inflation has replaced debt — the old stalking horse for defeating progressive legislation — as the primary concern with deficit spending.

It's a subtle change, with profound consequences. And it augurs the rise of a revolutionary approach to political economy, Modern Monetary Theory (MMT), as the dominant paradigm in the politics of money.

Like Keynesians of yesteryear, Modern Monetary Theorists urge government to achieve full employment through fiscal policy, even when it requires deficit spending. Their comfort with large deficits emerges from an understanding that an obsession with national debt is a relic of another time, the age of gold standards and fixed currency arrangements. Today, in the age of national monetary sovereignty and free-floating currencies, countries like the United States can fulfill all financial obligations with a simple keystroke....
Salon
Welcome to the age of Modern Monetary Theory: It's turning conventional economics upside down
Andew Kordik

See also

Business and finance should be happy. Net spending accruing from fiscal deficits flows to profits.

Are these windfall profits that should be subject to taxation?


The Driscoll Brothers Intimidate Everyone at the Pub | Only Fools and Horses

 






Biden’s China Policy: A More Polite Trump — Paul Jay interviews Amb. Chas Freeman

Getting beyond the BS. Win-win grows the pie. Zero-sum threatens to destroy the pie.

Amb. Chas Freeman presents a realist analysis of US foreign policy. 


Also



Scroll down for the transcript.

Links — 20 March 2021

FAIR (US hypocritically outraged when the tables are turned)
WSJ rage at ‘woke’ China foreshadows new redbaiting of social justice activists
Ari Paul

Sputnik International (Russian state sponsored)
US Pushes Sub-Hunting Plane Contract on Germany, Berlin Says it Can’t Afford $1.8 Bln Price Tag

Iranian FM Zarif Blasts EU for Asking Tehran to ‘Act Responsibly’ While Ignoring 'Israel’s Nukes'

Elon Musk Addresses China Ban Rumours, Says Tesla Would ‘Get Shut Down’ if It Spied Anywhere



Scott Ritter. former US Marine intelligence officer, UN weapons inspector, and anti-nuclear activist

SCMP (Chinese privately owned by Alibaba Group)
Xinhua (Chinese state media)


Austerity-Addicted Media Scaremonger Over Infrastructure 'Spending Spree' — Julie Holar

As soon as Democrats took over Washington with big plans for reviving the economy, corporate media started sounding the alarm about government spending (FAIR.org, 1/25/21). With the party’s infrastructure bill - which could come in around $2 trillion over four years - now pending, the media deficit hawks are on high alert, tossing around big, scary numbers to throw cold water on the bill.

It’s hardly surprising to find deficit hawkery from the Washington Post editorial board (3/11/21), which urged Democrats to “offset some or all of the cost [of the infrastructure bill], through higher revenues, reduced spending on lower-priority items or a mix of the two." But proposals for government spending on long-overdue infrastructure investment are also spurring “straight" news reporting full of largely unfounded assumptions and concerns....
Most of the post lately concerning MMT is how hyperinflation is coming.

They don't get that infrastructure spending grows the pie.

econintersect
Austerity-Addicted Media Scaremonger Over Infrastructure 'Spending Spree'
Julie Holar, Fair

Sentiment

 

Boomers bullish...



Zero US Rates

 

Effective zero reported here out to 90 days (some reports of actual negative rates, Treasury reporting system here probably cannot accept a negative input 😂) and lower numbers starting to creep out to the right axis of time.... meanwhile Mike reporting everyone is short the 10-yr go figure..  

US going Mike’s “full Japan!”?   imo still not out of realm of possibility....









Friday, March 19, 2021

Links — 19 March 2021

The Automatic Earth
Putin is 1000x Biden
Raúl Ilargi Meijer

RT (Russian state sponsored)
After Biden’s ‘killer’ comments about Putin, time to make a break in Russia-US relations; further engagement is pointless for now
Fyodor Lukyanov, editor-in-chief of Russia in Global Affairs, chairman of the Presidium of the Council on Foreign and Defense Policy, and research director of the Valdai International Discussion Club

SouthFront
NATO In Panic Mode After Losing Track Of Russian Submarine In Eastern Mediterranean

Daniel Ren

CaitlinJohnstone.com
What We’re Really Seeing With All These Anti-China Narratives
Caitlin Johnstone

King Alfred's Tower

 King Alfred's Tower is so impressive that I thought it was worthy of its own post.




King Alfred’s Tower, also known as The Folly of King Alfred the Great or Stourton Tower, is a folly tower. It is in the parish of Brewham in the English county of Somerset, and was built as part of the Stourhead estate and landscape. The tower stands on Kingsettle Hill and belongs to the National Trust. It is designated as a grade I listed building.




 






More here -



Some drone footage of this magnificent building.




KV - Nice Pics

 


King Alfred's Tower, UK




Church in Iceland


Beatle graveyard




Duck Castle - Sintra - Portugal 




Roy