Will Trump Survive This?

Authored by James Rickards via the Daily Reckoning,

This is a highly consequential election year, to say the least. The policy differences between Biden and Trump are enormous. Whether it’s taxes, regulation, borders, energy or foreign policy, the differences couldn’t be clearer.

And though I prefer to focus my analysis on markets alone, I can’t. These days especially, politics plays too great a role in how markets behave.

But this year’s election is about far more than policy.

In the past, the D.C. establishment could live with a typical Republican or Democrat. They knew neither candidate would rock the boat too much if he got elected. Both candidates were cut from the same basic cloth and played by the accepted rules.

But all that goes out the window with Trump.

He’s the most polarizing political figure we’ve seen in our lifetimes. You’d probably have to go back to Andrew Jackson to find a parallel.

And it’s clear that Trump’s political enemies will stop at nothing to keep him out of the White House this time.

Lawfare 

“Lawfare” is their primary tactic. They just want to get Trump convicted of a felony before the election so they can brand him a criminal, believing that the American public won’t elect a convicted felon.

They don’t care if the conviction is subsequently overturned by a higher court. The damage will already be done. And if it trashes the Constitution, Trump’s political enemies are prepared to live with that.

They’re convinced that Trump is the equivalent of Hitler and that he’ll destroy democracy if he’s elected. So in their minds, the ends justify the means. They’ll justify any action, legal or illegal, to ensure his defeat.

They don’t seem to realize that the harder they go after Trump with bogus charges, the more popular he becomes.

I’m not here to defend Trump or oppose him. No doubt, he’s a deeply flawed character with personality traits that alienate many people. But voters don’t expect a billionaire real estate magnate from New York City to be a saint. They vote for him because they think he can get things done.

And under honest democratic elections, the administrative state, or deep state, whatever you want to call it, stays out of it. But that’s not the system we have today.

And that should concern every American, regardless of his or her political affiliation.

Again, it doesn’t matter if you love Trump or hate him. But in a democracy, the people rule. Not the bureaucrats. And if the people elect Trump, then he should be allowed to enact the policies that got him elected. That didn’t happen when he won in 2016.

Stop Trump!

The first two years of his administration were hobbled by the fake Russian collusion hoax and the numerous investigations that resulted. Those investigations showed that there was no collusion between Trump and Russia, but Trump’s enemies didn’t care (and certainly did not apologize).

They just moved on to the next fake scandal, which was the first impeachment over a brief phone call to Ukrainian President Zelenskyy asking about Biden family corruption. It turns out that Biden family corruption was rampant in Ukraine, but that didn’t stop phony “whistleblowers” (actually lawbreakers) like Eric Ciaramella from leaking classified transcripts to Adam Schiff to get the impeachment process going.

Trump was acquitted by the Senate. Then came the second impeachment where Trump was also acquitted. Since leaving office, Trump has been hit with federal criminal charges relating to Jan. 6 and the Mar-a-Lago raid, as well as state criminal charges in New York and Georgia.

Trump’s enemies never quit. They’re also going after Trump’s advisers and confidants. It’s meant to isolate Trump because anyone who advises him will fear they’ll be hauled into court on some bogus charge and have to spend a fortune on lawyers, win or lose.

The latest lawfare tactic has been unveiled against Trump attorney John Eastman. It’s called “debanking.”

Good Luck Living Without a Bank

In Eastman’s case, it started with Bank of America closing his bank accounts for no good reason and with no recourse. Then he turned to his accounts at USAA, which specializes in accounts for military veterans and their families. Shortly thereafter, USAA also closed Eastman’s bank accounts.

We tend to take banking services for granted and don’t think much about what would happen if we were shut out of the banking system. No checks, no savings accounts, no wire transfers, no ATMs, no bank-issued credit cards, no lines of credit or mortgages, etc.

It’s like trying to survive without food or water. It’s impossible. And that’s the whole point. It’s designed to make the victim’s life miserable.

The same thing happened in the U.K. when NatWest and Coutts debanked Nigel Farage, leader of the Brexit movement. Farage fought back and the CEO of NatWest was eventually fired over the incident. But it was a brutal fight and a tough transition for Farage when he suddenly found himself debanked.

Unfortunately, debanking is just an extension of the “woke” cancel culture that’s taken root in much of the West.

Shut up, Bigot!

When we look around at places like New Zealand and Scotland, there seems to be a bizarre competition to see which country can pass the most fascist laws and imitate George Orwell’s dystopia in Nineteen Eighty-Four in the least amount of time.

Scotland has imposed so-called hate crime laws that subject you to imprisonment for exercising free speech if it happens to offend a long list of protected parties. No actual violence or physical act is needed. If you simply say the wrong thing, you can be arrested, fined and imprisoned for “inciting hate.”

A similar law has just passed in Ireland. The Polish government wants to pass a law that makes it a crime to “defame” members of the LBGT community. Of course, the term “defame” is ill-defined and is in the eye of the beholder. Any choice of words, even if derogatory or hurtful by some standard, should be protected by free speech provisions. But in Poland, it may soon land you in jail.

I’ve never understood hate crime laws anyway (and I’m a lawyer). If you murder someone, it’s murder. If you assault someone, it’s assault. Subject to due process of law, you should go to jail if convicted or perhaps face capital punishment.

Prosecutors have to show intent, but what does “hate” have to do with it? The perpetrator may, in fact, hate the victim but that’s not the crime. The crime is assault or murder. Those crimes have been considered crimes for millennia.

Nineteen Eighty-Four Was Supposed to Be Fiction

Adding hate to the definition just blurs the line between thought and action in ways that make it easier for fascist governments to target political enemies with flimsy allegations of “hate” when no actions were involved.

The most egregious example of this trend toward thought crimes is Canada. The chief neo-fascist there is Prime Minister Justin Trudeau. He has proposed a law called the Online Harms Act that expands the definition of “discrimination” to include online speech “likely to foment detestation or vilification of an individual or group.”

What exactly does this law mean by “foment”? Who defines “vilification” or “detestation”? What’s the definition of “group”?

All of these questions will be answered by a new Digital Safety Commission, which will not be bound by “any technical or legal rules of evidence.” If accused, you can be ordered to pay $20,000 to any “victim” and $50,000 to the state with no limit on how many victims might crawl out of the woodwork.

This is practically an invitation for grifters and activists to attack political enemies with fake claims of having been subject to “detestation.” It gets worse. If a court believes you are likely to commit a “hate crime” under this law, you can be placed under house arrest and held in isolation.

In other words, just thinking the wrong thing as imagined by an unaccountable magistrate is enough to put you under house arrest. This is actually worse than what the Thought Police did in Orwell’s novel.

You can expect censorship in the U.S. to increase as we get closer to the November election. Get ready for it.

Nineteen Eighty-Four was supposed to be fiction. Unfortunately, it’s becoming reality.

Tyler Durden Thu, 05/02/2024 - 06:30

Russia Strikes Military HQ In Odessa After Ukraine Attacks Crimea With US-Provided ATACMS

In yet another among the latest signs that Moscow is escalating its war against Ukraine, pushing sustained strikes deeper into its territory, Russian forces have mounted a large attack against Ukraine's military headquarters for the southern region. 

The ministry of defense confirmed an attack on Ukraine’s Operational Command South headquarters, coming amid stepped up operations against the southern port city of Odessa. RIA Novosti separately confirmed the attack on the Ukrainian HQ in the center Odessa, citing a ballistic missile strike on the city and three explosions, which reportedly killed three people.

This week a Gothic-style building in the southern Ukrainian city of Odesa was also struck.

Just last month, Russian Defense Minister Sergey Shoigu pledged that his forces will step up attacks on warehouses and logistics hubs with West-supplied weaponry. Moscow has also said it will push back the front lines deeper into Ukrainian territory in order to better prevent NATO-supplied longer range missiles from striking inside Russia. It seems the next big target is Odessa, which would greatly expand Russian military hold in the south.

But Russia also seems to be responding to the increased attacks against Crimea. On Tuesday Russian officials said that the peninsula came under attack with US-provided Army Tactical Missile Systems (ATACMS).

It was revealed only within the last week that these long-range systems were secretly transferred to Kiev by Washington in March. Politico previously documented that the White House "quietly approved the transfer of a number of Army Tactical Missile Systems with a range of nearly 200 miles, said a senior Biden administration official and two U.S. officials, allowing President Volodymyr Zelenskyy’s forces to put at risk more Russian targets inside Ukrainian sovereign territory."

A prior, older version of the ATAMCS missiles were sent last year, but the range was reportedly limited to 100 miles. President Biden and his officials throughout the early phase of the war warned Kiev against attacks on Russian territory but this caution seems to have been abandoned by the US administration.

Governor of Crimea Sergey Aksyonov said of the Tuesday attack that the inbound ATACMS were shot down by Russian air defenses. Russia's defense ministry (MoD) specified it shot down six of the missiles. 

Additionally, French-made projectiles were also reportedly shot down elsewhere in the country, with TASS reporting that "Russian air defense systems have taken down 29 Ukrainian drones and five French-made AASM Hammer smart bombs over 24 hours in the special military operation in Ukraine, the Russian Defense Ministry said. Uragan rocket was also shot down."

Ukraine's skies remain by and large undefended and unprotected, which is why President Zelensky is essentially begging for more Patriot anti-air defense systems from the US and Europe. Kiev further wants to see the F-16 program hurried along. 

Ukrainian Air Force spokesman Ilya Evlash on Wednesday told a public broadcaster that the first batch F-16 jets could arrive as early as within weeks, after Orthodox Easter (celebrated on May 5 this year); however, other observers have said that this timetable is a stretch and remains unrealistic.

Tyler Durden Thu, 05/02/2024 - 02:45

Fighting Monsters

Authored by CJ Hopkins via off-guardian.org,

Fighting monsters by serbiandude Published: Jan 3, 2023

So, I gave a little speech about art, and war. The Internationale Agentur für Freiheit, a Berlin art and cultural association, asked me to do that to open their exhibition, Make Art Not War. I couldn’t turn them down.

As my readers may have noticed, I haven’t had very much to say about “The War on Hamas,” or “The War on Gaza,” or “The Liquidation of Gaza,” or whatever you want to call it. (It doesn’t look like much of a “war” to me, but then, nothing really has for quite a while.)

I wrote about it in October and November of last year. And I said a few things about it in my speech. But, mostly, I’ve been trying to keep my mouth shut. I don’t have much to contribute to the … well, I can’t really call it a discussion, or debate, or an argument. It feels like people screaming slogans into each other’s faces, accusing each other of this and that, and calling each other names, and so on. Which … I get why people are inclined to do that. I’m not. But I get why other folks are. So, I think it’s best if I just shut my pie hole (as much as possible) and let folks do that.

It isn’t going to change what’s happening. GloboCap (or whatever you call the system we’re all living under) has been occupying, destabilizing, and restructuring the Middle East for decades. It’s not going to stop. It is going to continue. As the restructuring of the West is going to continue.

GloboCap doesn’t have anything else to do.

Anyway, before I ramble on any further, here’s the English version of the speech I gave at the exhibition. Many thanks to those of you who attended … and apologies again for my German. I’ll get the hang of it one of these days.

Fighting Monsters

The name of this exhibition is “Make Art not War.” So I’m going to say a few things about art, and war. You’re not going to like all of them. Or at least I hope not. If you did, I wouldn’t be a very good artist, but I might be a pretty good propagandist.

I grew up in the 1960s and 70s. In the USA. The war was on television. In Vietnam. Cambodia. Cuba. The Middle East. Then in El Salvador. Nicaragua. Iran. Libya. Yugoslavia. Afghanistan. Iraq. The list goes on and on. I am almost 63 years old. All my life we’ve been at war. Not just Americans. All of us. People. Someone always at war with someone. And all my life there have been other people calling for peace. Protesting the war. Whatever war it was at the time.

If you read a little history, as I like to do sometimes, you will learn that someone has been at war with someone over something since the dawn of civilization. Certainly Western civilization. The history of Western art and literature begins with war. Genocidal war. The Illiad is a poem about a genocidal war. Rape. Mass murder. The slaughter of children. Most of Shakespeare’s plays are about war, or are set during a war, or have something to do with someone killing someone over something.

Some of that history happened right here. There are bunkers below us where people sheltered during the bombing raids in the Second World War. Legend has it the Stasi operated listening stations right here in these rooms. When I first arrived in Berlin, twenty years ago, I lived in a sublet on this street. This was my neighborhood, the Bötzowviertel. There were still bullet holes in the facades of buildings. People died here. Civilians. Children. Women were raped here. Families were dragged out of their homes and sent to the death camps here. This is Berlin. You know the history. I don’t need to recite all the details.

What’s my point? Well, my point is … that is war. Indiscriminate killing. Rape. Mass atrocities. That’s what war is. That is what it has always been. And we’ve been doing it to each other since the dawn of civilization. It is not going to stop. We are not going to stop it. Art is certainly not going to stop it. We are, whether we like it or not, a violent species, human beings. It isn’t all we are, but it is part of what we are. We are also lovers, teachers, healers, artists, and other beautiful things. But sometimes we are vicious killers. Monsters. Genocidal monsters.

A crazy old German philosopher once warned us, “beware that, when fighting monsters, you yourself do not become a monster.” He was joking, of course. There are no monsters. Or, rather, there are only monsters, on every side of every war. In a war, there are no good guys and bad guys. There is just our side and the other side. Our atrocities and their atrocities. And whoever wins gets to write the history.

That’s it. The rest is propaganda. Their propaganda and our propaganda. Of course, our propaganda is not propaganda. Our propaganda is just the truth. Because we’re not monsters. They are the monsters.

This is Day 202 of Israel’s war on Hamas, or its liquidation of Gaza, depending on your perspective. I haven’t said too much about it publicly. I said a few things about it when it began. That didn’t go well. No one was listening. The propaganda from both sides was already deafening. I described the Hamas attack as mass murder. My pro-Palestinian readers didn’t like that. I described Israel as a typical mass-murdering nation-state, no different than the United States of America, Germany, France, Spain, The Netherlands, the Soviet Union, the British empire, the Ottoman empire, the Holy Roman Empire, or any other mass-murdering nation-state or empire. My pro-Israeli readers didn’t like that. Neither side wanted to hear about history. The history of asymmetric warfare, or terrorism, depending on your perspective. The history of nation-states and empires. They wanted to hear a story about monsters. About the monsters on the other side.

I told you you weren’t going to like everything I said, right?

OK, let me say a few things about art now. If you didn’t like what I said about war, maybe you’ll like what I say about art. I can’t speak for other artists, but I’ll tell you why I think I became an artist, and what I have been trying to do as an artist.

I haven’t been trying to stop any wars. Or to pacify the human species. I don’t know how to do either of those things. And I am not a fan of propaganda. I confess, I have engaged in it from time to time, but mostly what I’ve been trying to do is deprogram minds, starting with my own.

We are all, by the time we realize we exist, the products of programming, ideological conditioning. I believe it is the job of artists to undo that, or at least to marginally interfere with it. That’s what art, and artists, did for me. They introduced me to my mind. My programmed mind. They forced me to think, and to see, and listen. They taught me to question, to pay attention. They dared me to deprogram my mind, and provided me with the tools to do it. OK, sure, some mind-altering drugs also helped, but it was artists that introduced me to those drugs. Then they introduced me to the monster I’ve been fighting.

I have been fighting this monster, in my art, in my mind, and out in the world for as long I remember. You have to fight it everywhere at once. To fight it in your mind, you have to fight it out in the world. And to fight it out in the world, you have to fight it in your mind.

Let me tell you about the monster.

The monster is legion. It goes by many names. It wears many faces. They change over time. William S. Burroughs called it “The Control Machine.” Some people call it the corporatocracy. I call it global capitalism. The monster doesn’t care what we call it. It doesn’t care who we are, what our politics are, or which side of what war we think we are on. It doesn’t care what we believe, which religion we profess. It couldn’t care less how we “identify.”

All it cares about is power. All it cares about is control.

It is everywhere, and nowhere. It has no country. No nationality. It doesn’t exist. It is everything, and nothing. It is the non-existent empire occupying the entire planet. It has no external enemies because there is no outside, not anymore. So there is no real war. There are only insurrections, carried out by rebels, traitors, terrorists.

The monster, our non-existent empire, is the first global empire in human history. It is not a group of evil people. It is maintained by people, but they are all interchangeable. It has no headquarters. There is no emperor. There isn’t any “Bastille” to storm. It is a logos. A system. An operating system.

It has no politics, no ideology. Its official ideology is “reality.” Thus it has no political opposition. Who would argue against or oppose “reality”? Lunatics. Extremists. The terminally deranged. And thus there are no dissidents, no opposing political parties. There are only apostates, heretics, blasphemers, sowers of discord, “reality” deniers.

It manufactures “reality.” Whatever “reality” it needs. The War on Terror. The War on Populism. The War on the Virus. The War on the Weather. The War on Hate. The War on Whatever. It doesn’t matter. It is all the same war. The same “Clear-and-Hold” op. The same counterinsurgency. It has been for about 30 years.

If things seem crazy, if you’re wondering what’s happening, that is what’s happening. That is all that is happening. That is all that has been happening since the end of the Cold War.

The empire is eliminating internal resistance, any and all forms of internal resistance. The monster is monsterizing everything and everyone. Transforming societies into markets. It doesn’t have anything else to do. It is erasing values. It is dissolving borders. It is “sensitivity-editing” culture. Synchronizing everything and everyone in conformity to its only value … money. Rendering everything a commodity.

It is the apotheosis of liberal democracy, the part where the monster does away with democracy, with the simulation of democracy, and proclaims itself “democracy.” It is global-capitalist Gleichschaltung.

That’s the monster I have been fighting.

Which makes me a terrorist. A conspiracy theorist. A Russian propagandist. A Covid denier. A right-wing extremist. An anti-vaxxer. An anti-Semite. A transphobic racist. An enemy of “democracy.” A Hamas supporter. A Donald Trump supporter. An AfD supporter. Whatever the official enemy happens to be today.

It makes me a criminal. A thought criminal. An art criminal.

Which I literally am. The German authorities are prosecuting me for disseminating art. For tweeting art. Pictures. Words. They banned one of my books. So maybe I’m marginally interfering with their ideological conditioning, with their programming, with their New Normal Gleichschaltung op.

If so, good, because, if I can quote another German, “art is not a mirror held up to reality, it is a hammer to shape reality with.”

And I’ll go a little further than Brecht. Every work of art we make shapes reality one way or another, whether we intend it to or not. It either feeds the monster or it fucks with the monster. The monster out there, and the monster in here, inside us, all of us … because it’s all the same monster.

Thank you, all of you who are fucking with the monster. That is all. Let’s keep it up.

CJ Hopkins is an award-winning American playwright, novelist and political satirist based in Berlin. His plays are published by Bloomsbury Publishing and Broadway Play Publishing, Inc. His dystopian novel, Zone 23, is published by Snoggsworthy, Swaine & Cormorant. Volumes I and II of his Consent Factory Essays are published by Consent Factory Publishing, a wholly-owned subsidiary of Amalgamated Content, Inc. He can be reached at cjhopkins.com or consentfactory.org.

Tyler Durden Thu, 05/02/2024 - 02:00

China Humiliated Blinken But Blinken Kept Begging

Authored by Gordon Chang via The Gatestone Institute,

It is not clear whether a Chinese official was at the Beijing airport to bid farewell to Secretary of State Antony Blinken as he ended his three-day visit to China on Friday, but the send-off was in any event low-key and Chinese leader Xi Jinping slighted America's top diplomat at the end of his troubled stay.

Also, China, literally and figuratively, did not roll out the red carpet for his arrival in Shanghai on Wednesday. Only a low-level official was on hand to greet Blinken as he stepped off the plane.

"The Chinese government flouted international protocols at the airport on the secretary of state's arrival in Shanghai and departure from Beijing," Charles Burton of the Prague-based Sinopsis think tank told Gatestone.

"It was petty."

"This was more than a slight," Burton, a former Canadian diplomat who served in Beijing, said.

"Aside from a calculated insult to the dignity of the United States, the move indicates Xi Jinping is making clear that the accepted norms of diplomacy will not be respected by China anymore."

Blinken was in China to discuss the growing list of disagreements between Washington and Beijing. Not surprisingly, he did not accomplish anything there other than register America's complaints on matters such as Beijing's support for the Russian war effort in Ukraine and unfair treatment of U.S. companies. On every major issue, the U.S. and China take different sides, and the Chinese have clearly dug in. Blinken was reduced to begging.

As a result, America is resorting to the dialogue-is-progress narrative. "I think it's important to underscore the value—in fact, the necessity—of direct engagement, of sustained engagement, of speaking to each other, laying out our differences which are real, seeking to work through them, as also looking for ways to build cooperation where we can," Blinken said to Chen Jining, Communist Party secretary of Shanghai, ahead of his talks in the Chinese capital.

After the end of fruitless sessions in Beijing—Blinken met with, among others, President Xi Jinping and Foreign Minister Wang Yi—all the secretary of state could do is highlight new dialogue issues.

"I'm pleased to announce that earlier today, we agreed to hold the first U.S.-PRC talks on artificial intelligence to be held in the coming weeks," he said at a press availability on April 26, as he wrapped up his trip to China.

"We'll share our respective views on the risks and safety concerns around advanced AI and how best to manage them."

Blinken's comments repeated those of President Joe Biden after his November 15 meeting with Xi Jinping in Woodside, California. In substance, therefore, Blinken in Beijing continued talking about talking.

There is no question that AI is an important topic, especially when it comes to the control of nuclear weapons. Yet this does not mean the U.S. should seek an agreement with China on that topic.

"The latest shambolic display by the Biden administration comes in the form of Secretary of State Antony Blinken groveling before China's Ruler-for-Life Xi Jinping for a new set of protocols for governing the development of artificial intelligence between America and China, the two nations contributing the most to both the advancement of AI and its weaponization," Brandon Weichert, a national security analyst at The National Interest, told Gatestone.

"Although creating such protocols may sound like a good idea, it seems like a bad idea for Washington to unilaterally agree to limit its own activities."

"Unilaterally"? Burton and Weichert point out that China never honors agreements, so any deal with Beijing is akin to a unilateral promise.

"China is deeply committed to the weaponization of AI and would be counting its lucky communist star if the Americans basically deterred themselves with such a protocol," Weichert, also author of Biohacked: China's Race to Control Life, added.

He suggests the United States spend its time getting the world to restrict tech trade with China "rather than pleading with Xi Jinping for mercy."

On the AI front, the Biden administration to its credit has been restricting sales of chips and chip-making equipment and has been coercing cooperation from others, most notably the Netherlands, the home of equipment-maker ASML.

Nonetheless, Biden needs to do more: China has been able to buy chips on the black market. For instance, Reuters reported this month that ten Chinese entities were able, despite U.S. rules, to acquire Nvidia's artificial intelligence chips through resellers.

The risk now is that the Biden administration will trade away its restrictions for meaningless promises from China's Communists.

Biden is willing to sign agreements with China's regime because he believes it is merely a "competitor," refusing to label it an adversary and certainly not using the term that the Chinese Communist Party reserves for America: enemy. He and his predecessors have not wanted to acknowledge that the Party, as it openly proclaims, seeks the destruction of the United States.

Enemy? In May 2019, People's Daily, the Party's self-described "mouthpiece" and therefore the most authoritative publication in China, carried a landmark piece declaring a "people's war" on America.

This phrase has special meaning. "A people's war is a total war, and its strategy and tactics require the overall mobilization of political, economic, cultural, diplomatic, military, and other power resources, the integrated use of multiple forms of struggle and combat methods," declared a column carried in April 2023 by PLA Daily, an official news website of the People's Liberation Army.

Therefore, Biden's measures, like those of presidents before him, have been inadequate.

America still suffers from an inability to appreciate the hostility and maliciousness of the Communist Party. Blinken left China talking about how it was in America's interest for China to prosper. China's regime, however, fueled with American investment and trade, has been waging "unrestricted warfare" against the United States for decades. Beijing's unrestricted warfare has included the killing tens of thousands of Americans each year with fentanyl, the equivalent of one plane crash every day and more American deaths than in the Vietnam, Afghanistan, and Iraq wars combined.

Now, Xi thinks he has the upper hand. From the moment Blinken touched down in Shanghai to the moment he left, China's ruler went out of his way to humiliate the secretary of state. The secretary of state, however, exhibited inexhaustible patience for humiliation.

Unfortunately, acceptance of rough treatment has consequences, because the meekness leads the Chinese to think they can do what they want, making them even more arrogant and aggressive. Biden has yet to figure that out.

Xi met Blinken on Friday, but China's leader let the cameras record his disdain for his visitor. Seconds before the secretary of state walked half-way across the room to shake hands, Xi asked an aide, "When will he leave?"

"Not soon enough," Blinken should have replied.

The secretary of state should never have gone to China in the first place.

Tyler Durden Wed, 05/01/2024 - 23:45

Visualizing The Size Of The Global Senior Population

The growth of the senior population is a consequence of the demographic transition towards longer and healthier lives. Population aging, however, can pose economic and social challenges.

Here, Visual Capitalist's Marcus Lu maps the size of the world’s population aged 65+ for 1980, 2021, and 2050 (projected). The data is from the World Social Report 2023 by the United Nations.

Global Aging

Currently, population aging is most advanced in Europe, Northern America, Australia, New Zealand, and parts Eastern and Southeastern Asia.

According to the UN, in most countries in these regions, the proportion of older persons exceeds 10%, and in some cases, 20% of the total population.

Most parts of sub-Saharan Africa and Oceania (excluding Australia and New Zealand) are still in an early stage of this transition, while most countries in Central and Southern Asia, Western Asia and Northern Africa, Latin America, and the Caribbean are at an intermediate stage.

The size of the world’s senior population isn’t just growing in absolute numbers; it’s also growing as a share of the overall total. For example, in 2021, 1 in 10 people worldwide were over 65. By 2050, this is likely to be around 1 in 6.

While the shift towards older populations is largely irreversible, some critical measures are necessary to guarantee this transition. These include financial support for the senior population through pension plans, budgeting healthcare and long-term care costs, and implementing measures to adapt and innovate in labor markets to include seniors.

The Global Senior Population in 2100

What will the global senior population look like in the future? For more on that, look at this chart which highlights aging projections by country based on data and projections from the United Nations.

Tyler Durden Wed, 05/01/2024 - 23:25

Japan's Warning For America

Authored by Michael Wilkerson via The Epoch Times,

Last week, Japan saw its currency, the yen, rapidly depreciate against the U.S. dollar and other world currencies to near record low levels. This drew the attention of financial markets and other observers, and—in some quarters—led to panic. There was concern that Japan, a formerly great nation now increasingly viewed as the “sick man of Asia,” was on the brink of a currency and financial markets crisis.

It wasn’t so long ago that Japan was the envy of the world. Japan’s postwar recovery and subsequent economic miracle produced by the 1980s the world’s second-largest economy after the United States. Numerous Japanese multinational corporations were admired by the business world as a result of their growth, efficiency, and managerial discipline. The state and big business were closely aligned in what appeared an unstoppable formula. Flush with cash and confidence, Japanese companies and investors were aggressively expansionist, acquiring market share, trophy properties, resources, and businesses in the United States and elsewhere. Much like concerns about China today, fears then abounded that Japan would overtake the United States as the global economic leader.

These fears were unfounded. “Japan Inc.” was a house built on a faulty foundation. Overly accommodative easy money, along with high leverage throughout the financial and corporate sectors, facilitated a massive stock market and real estate bubble, which eventually burst in 1990. The crash led to a depression from which Japan has never recovered, even after three decades. The question is, why not? Herein lies a lesson for the United States.

Repeated government bailouts of failing financial and industrial companies have perpetuated Japan’s crisis. Japan’s leaders and policies have repeatedly blocked the process of creative destruction, which—if allowed to run its course and cleanse the system—would have been a massive stimulus to entrepreneurship and economic vitality. However, rather than allow capitalism to work, the Japanese system doomed the country to a generation of stagnation.

As a result, Japan has endured three “lost decades” of weak economic growth, diminished purchasing power, lower and lower standards of living, loss of prestige and influence in the global community, and an aging population that the island nation’s resources are straining to support.

Japan now has the world’s highest government debt-to-GDP ratio, at 264 percent. Japan’s banks are walking zombies, unable to grow or lend because they have never restructured their balance sheets to clean up massive piles of debt left over from excesses of previous decades. The Bank of Japan (BOJ) holds government bonds and other assets equal to 127 percent of Japan’s GDP, the highest ratio of any central bank in the world. This portfolio resulted in over $70 billion in unrealized losses for the BOJ in six months of 2023 alone.

The Japanese yen has devalued against the U.S. dollar by more than 30 percent in just three years since 2021. Since the global financial crisis 2008–09, the yen has lost 75 percent of its value against gold. Because of Japan’s high reliance on imports, this loss of purchasing power has translated directly into a substantially lower standard of living for the Japanese people. In theory, Japan could support the yen by raising interest rates, but this is a political, monetary, and fiscal impossibility.

Decades of easy money policies are a central culprit and cause of this slow-moving trainwreck.

The Bank of Japan only began raising interest rates this March, some three years after the United States and the European Union brought their own easy money policies to an end. This was the first time the BOJ has raised rates since 2007, a move that pulled the official rate out of negative territory. Nonetheless, with inflation now approaching 2 percent, a short-term policy rate of zero to 0.1 percent means that real rates remain around negative 2 percent. This serves as an additional tax on Japanese households and an intended stimulus to spend today rather than save for tomorrow.

Money essentially is free in Japan, but no one can afford to borrow it, even if the banks can manage to lend it. The BOJ and the entire banking system stand in the penumbra of insolvency. Only Japan’s decade-long zero interest-rate policy has allowed Japan’s decrepit financial system to continue to stand following the 2008 financial crisis and the effects of COVID economic shutdowns. Japan cannot afford to raise interest rates to support its currency more than nominally above the zero bound without substantially raising debt service costs and exploding losses. This would bring the entire rickety system to the ground.

A growing economy might help ease the burden, but Japan’s economy is moribund. This is not surprising, as meaningful growth is impossible under mountains of debt. GDP shrank by 0.8 percent in the third quarter and eked out 0.1 percent growth in the fourth quarter. While the country thus barely escaped technical recession (two consecutive quarters of GDP decline), Japan hasn’t posted GDP growth above 2 percent in more than 20 years, save for two rebound quarters after the global shocks of the financial crisis and COVID.

Japan represents a slow-moving demographic disaster. Japan has the oldest median population of any major country in the world and the lowest fertility rate at 1.37. Japan’s fertility rate has been below the minimum population replacement rate (2.1) for 40 years, meaning that the country is both aging and losing economic productivity, and it is probably too late to reverse it.

This all represents a grave warning to the United States.

The U.S. government is chasing Japan for the ignoble title of most indebted nation. Overly indebted nations cannot grow. With federal government debt to GDP of 129 percent, a ratio which is increasing rapidly, the United States is now the fourth most indebted country in the world. Debt is growing more quickly now because the federal government refuses to wean itself off of deficit spending, including an additional $1.7 trillion in 2023, which must be funded by new debt, as must over $1 trillion in interest expense. This debt—and the cost to service it—acts as a drag on our economy. Deficit spending and the borrowing required to support it crowds out private market investment and financings.

Rather than let more insolvent banks and unprofitable firms fail, U.S. monetary policy since at least the 2008 financial crisis has propped up bad business models—and the asset values of otherwise worthless investments—by subsidizing the cost of capital well below the natural rate of interest. In a nation that has been the standard bearer and exporter of capitalism for more than two centuries, socialistic government policies are preventing capitalism from working at home. This will eventually catch up with our financial markets and economy, just as it did for Japan.

It is not just shortsighted monetary and financial policy that threatens U.S. competitiveness.

If Americans’ worsening attitudes toward the importance of marriage and children do not reverse course dramatically, the United States will face the same demographic fate as Japan. The fertility rate in the United States has been in decline since at least 2008, and reached a record low of 1.62 in 2023. This is well below the replacement rate, and thus unsustainable.

Progressives point to declining fertility rates and aging populations to justify mass illegal immigration, but this is a red herring. Bringing tens of millions of unskilled, uneducated, and culturally unassimilated migrants into the nation is not a benefit but rather an untenable burden on social infrastructure, an enervating drain on economic productivity, and an unbearable tax on legal citizens.

At least Japan got that part right.

Tyler Durden Wed, 05/01/2024 - 23:05

South Koreans & Lithuanians Have The Highest Rate Of Suicide In the World

May is Mental Health Awareness Month in the United States.

According to the National Alliance on Mental Illness, participants use the month to focus efforts on “eradicating stigma, extending support, fostering public education and advocating for policies that prioritize the well-being of individuals and families affected by mental illness.”

The topic of suicide is an important part of this conversation. As Statista's Anna Fleck shows in the following chart, it is a truly global issue, even though estimated rates vary around the world. For example, according to OECD data, out of every 100,000 men in the United States an average of 23 committed suicide in 2021, while for women the average was close to six per 100,000. In several countries these figures are even higher, such as in South Korea, Lithuania and Hungary.

You will find more infographics at Statista

While there are significant differences between countries, one pattern is clear to see: the rates of men taking their own lives are higher than women in each of the 15 countries selected here.

South Korea and Lithuania had the highest rates of suicide among men in 2022 (out of the countries reporting data), at 34.9 and 33.1 cases per 100,000 population, respectively.

For women, South Korea and Japan had the highest rates of the selected countries, with 14.9 and 9.8.

If you or somebody you know are in need of help, you can find a list of suicide crisis lines and website for countries around the world here.

Tyler Durden Wed, 05/01/2024 - 22:45

CDC Found Evidence COVID-19 Vaccines Caused Deaths

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

U.S. Centers for Disease Control and Prevention (CDC) officials found evidence that the Pfizer-BioNTech and Moderna COVID-19 vaccines caused multiple deaths before claiming that there was no evidence linking the vaccines to any deaths, The Epoch Times has learned.

(Illustration by The Epoch Times, Getty Images, Envato Elements)

CDC employees worked to track down information on reported post-vaccination deaths and learned that myocarditis—or heart inflammation, a confirmed side effect of the vaccines—was listed on death certificates and in autopsies for some of the deaths, according to an internal file obtained by The Epoch Times.

Myocarditis was also described as being caused by vaccination in a subset of the deaths.

In other cases, the CDC workers found that deaths met the agency’s definition for myocarditis, that the patients started showing symptoms within 42 days of a vaccine dose, and that the deceased displayed no virus-related symptoms. Officials say that after 42 days, a possible link between the vaccine and symptoms becomes tenuous, and they list post-vaccination deaths as unrelated if they can find any possible alternative causes.

In cases with those three features, it’s “absolutely” safe to say that the vaccines caused the deaths, Dr. Clare Craig, a British pathologist and co-chair of the Health Advisory and Recovery Team Group, told The Epoch Times in an email.

Despite the findings, most of which were made by the end of 2021, the CDC claimed that it had seen no signs linking the Moderna and Pfizer messenger RNA (mRNA) vaccines to any deaths reported to the Vaccine Adverse Event Reporting System (VAERS).

CDC officials in a letter to The Epoch Times dated June 13, 2023, said that there were no deaths reported to the VAERS for which the agency determined “the available evidence” indicated Moderna or Pfizer vaccination “caused or contributed to the deaths.”

The agency also said that evidence from seven deaths from thrombosis with thrombocytopenia syndrome following the Johnson & Johnson vaccination suggested that the vaccine led to people dying.

“That’s a scandal, where you have information like this and you continue to put out this dishonest line that there’s only seven deaths and they’re all unrelated to the mRNA vaccines,” Dr. Andrew Bostom, a heart expert based in the United States, told The Epoch Times.

The CDC is “concealing these deaths,” he said.

A CDC spokeswoman, presented with the file and dozens of questions about it, said that “determining a person’s cause of death is done by the certifying official, physician, medical examiner, or coroner, who completes the death certificate.”

The spokeswoman declined to explain why the CDC doesn’t consider autopsies or death certificates as evidence of causality, the criteria that would establish vaccine-caused deaths, or whether the numbers have been updated since 2023. She also declined to answer questions about specific deaths outlined in the file, citing “privacy and confidentiality.”

People who die in the United States with confirmed or suspected COVID-19 are counted as COVID-19 deaths. That count has included a number of deaths from unrelated causes. The CDC also in 2023 advised death certifiers to include COVID-19 on certificates even if the deaths happened years after COVID-19 infection.

“They are taking the exact opposite approach to COVID deaths! Every death after a test was a COVID death. No death after a vaccine is a vaccine death!” Dr. Craig said. She questioned what it would take for the CDC to admit that the vaccines have caused some myocarditis-related deaths.

More People Died

The file, acquired by The Epoch Times through a Freedom of Information Act request, has never before been reported. The file was obtained after U.S. authorities rejected another Freedom of Information Act request for the autopsies themselves. The file outlines the agency’s investigation into reports submitted to VAERS of suspected cases of myocarditis or a related condition, pericarditis, following COVID-19 vaccination.

CDC employees, starting in April 2021, contacted health care providers and other agencies to obtain medical records, death certificates, and autopsies as they sought to confirm whether each report was legitimate.

The file shows the CDC examined 3,780 reports through April 13, 2023, a small number of which were duplicates. Among the reported cases, 101 resulted in death.

In one instance, a 37-year-old man started suffering symptoms that can be caused by myocarditis, such as shortness of breath, shortly after receiving a Moderna COVID-19 shot. The man collapsed three days after vaccination and was soon pronounced dead.

Dr. Darinka Mileusnic, the medical examiner who examined the man, said in an autopsy report that the patient died of “post vaccination systemic inflammation response” which caused, among other problems, acute myocarditis, according to the CDC file.

The CDC worker who was assigned to look into the death wrote that it was “evident of a sudden death post second dose of Moderna vaccine.”

“One of the factor[s] to death [sic] is acute myocarditis. There are other findings related to VAE [vaccine adverse event] and non vaccine related. Thus, it can’t be distinguished that only vaccine may have caused the death,” the CDC employee wrote.

Dr. Mileusnic declined a request for comment through her employer, the Knox County Regional Forensic Center in Tennessee. The center said it would only provide an autopsy report if the decedent’s name and date of death were provided. The CDC file did not include names.

The Centers for Disease Control and Prevention headquarters in Atlanta on Aug. 25, 2023. (Madalina Vasiliu/The Epoch Times)

After another man, 24, died on Oct. 27, 2021, about two months after receiving a second Pfizer injection, his health care provider diagnosed him with myocarditis. An autopsy listed “complications of COVID-19 vaccine-related myocarditis” as the cause of death, according to the file.

A post-mortem test for COVID-19 returned negative, there were no viral organisms found in post-mortem testing of the heart, and there were no other signs of viruses causing the myocarditis, the notes show.

Another vaccine recipient, a 77-year-old man, was found dead at home on Nov. 14, 2021. The autopsy confirmed the man had pericarditis and listed the cause of death as “complications from the COV-19 booster,” according to the file.

The CDC worker who looked at that case said it met the CDC’s definition of pericarditis based on the autopsy and death certificate but noted there were comorbidities such as coronary artery disease that were listed as contributing to the death. The patient also received shots against influenza and shingles about two months before death, so “it is difficult to say that COV-19 vaccine alone caused pericarditis,” the worker wrote.

A voicemail left for the man’s doctor was not returned.

Among other deaths in the CDC file are:

• A male, whose age was redacted, suffered sudden cardiac death in April 2021 following a Johnson & Johnson vaccination. He was diagnosed with myocarditis, which was confirmed by the medical examiner. A CDC worker stated that the case did not technically meet the agency’s case definition, but they would “consider probable subclinical myocarditis, given the histopathological findings.”
• A 21-year-old woman who died in 2021 after seizures and cardiac arrhythmias following Pfizer vaccination was found on autopsy to have lymphocytic myocarditis. The CDC listed her case as confirmed myocarditis with no evidence of viral causes.
• A 45-year-old man was found dead in his bed in 2021 after Moderna vaccination but testing for myocarditis and pericarditis was not performed.
• A 55-year-old woman who was “found unresponsive in [a] field” in 2021 after Johnson & Johnson vaccination was confirmed on autopsy to have myocarditis and to have suffered a cardiac arrest. The death met the CDC’s case definition but concurrent upper respiratory infection “makes viral myocarditis a potential alternative cause,” a CDC worker stated. The medical examiner declined to comment.

People receive a dose of the COVID-19 vaccine at a vaccination site organized by Amazon in downtown Seattle on Jan. 24, 2021. (Grant Hindsley/AFP via Getty Images)

Pfizer, Moderna, and Johnson & Johnson did not return requests for comment.

Lot numbers for the vaccines injected into people who died were among the information in the file redacted by the CDC. Some vaccine lots have caused significantly more problems than others, according to CDC data obtained by the nonprofit Informed Consent Action Network.

Deaths in other countries from vaccine-induced myocarditis have been reported in journals, including deaths among young people. More deaths from vaccines in cases that didn’t include myocarditis have been confirmed by international authorities. Death certificates obtained by The Epoch Times from several U.S. states have also listed the COVID-19 vaccines as causing or contributing to dozens of deaths.

Overruling

The file and a tranche of emails also obtained by The Epoch Times shows the agency started intervening shortly after the vaccines were introduced in post-vaccination cases that led to death and sometimes overruled the certifier.

Take the case of a 23-year-old man who left home on April 13, 2021, to go for a jog and was found dead on the side of the road. His death occurred four days after receiving Johnson & Johnson’s COVID-19 vaccine.

Read more here...

Tyler Durden Wed, 05/01/2024 - 22:25

Colombian Government Severs Relations With Israel

It's been no secret that the fiercest and most sustained criticism of Israel's military operation in Gaza has come from Global South countries. Many of these have also supported South Africa's taking Israel before the International Criminal Court (ICC) on allegations of genocide.

But now the next big step is taking place: governments are formally severing ties with Israel and expelling diplomats. On Wednesday Colombian President Gustavo Petro announced that his country will cut relations with Israel over what he called its "genocidal" war against Palestinians. He said this will be formally initiated starting Thursday.

Gustavo Petro, center. Colombian President's Office

"Tomorrow (Thursday) diplomatic relations with the state of Israel will be severed... for having a genocidal president,"  Petro told a May Day rally in Bogota.

"If Palestine dies, humanity dies, and we will not let it die," he said at one point in the speech. Petro is Colombia's first ever leftist president, and he proclaimed that "democratic peoples cannot allow Nazism to reestablish itself in international politics."

However, Bloomberg has noted that his motives could partly be to distract from the ongoing economic crisis in the country:

Petro is looking to counter large anti-government rallies that took place on April 21 and said his administration will send a package of bills to congress meant to boost economic growth.

The package will include measures that force the financial sector to provide cheap financing to productive sectors, Petro said.

“It will consist of bills that generate forced investment in the Colombian private financial system aimed at credits for small, medium, and large industries, agriculture, and tourism in Colombia, to reactivate the country,” he said.

President Petro has for months been a fiery vocal critic of Israel, having first threatened to sever relations with Israel back in March. Already Bolivia had cut ties with Israel by the end of October as the Gaza offensive entered full swing.

NOW - Socialist president of Colombia: "Tomorrow diplomatic relations will be broken with Israel due to having a genocidal president."pic.twitter.com/FbkVBnaHIn

— Disclose.tv (@disclosetv) May 1, 2024

At that time Foreign Minister Israel Katz had condemned the Colombian leader's call to cut ties, writing on X that his support for "the Hamas murderers who carried out terrible acts of slaughter and sexual crimes against babies, women and adults is a disgrace to the Colombian people."

"Israel will continue to defend its citizens and will not give in to any pressure or threats," Katz had declared at the time. Israel has already halted security exports to Colombia as of last year following the worsening rift with Bogota in the wake of Oct.7.

Tel Aviv fears that such dramatic actions by Global South and non-aligned governments could spread, damaging trade in some corners of the globe and its standing on the world stage. A similar domino-effect momentum also happened in the late 20th century with apartheid-era South Africa.

Tyler Durden Wed, 05/01/2024 - 22:05

'Unacceptable': Trump Campaign Slams Commission's Refusal To Hold Earlier Debates

Authored by Caden Pearson via The Epoch Times (emphasis ours),

The Trump campaign on Tuesday issued a rebuke of the Commission on Presidential Debates’ refusal to move up its debate schedule until after millions of Americans have already cast their ballots, calling it “unacceptable” and a “grave disservice” to the electorate.

Former President Donald Trump departs Trump Tower for Manhattan Criminal Court in New York City, on April 15, 2024. (Charly Triballeau/AFP via Getty Images)

In a statement, former President Donald Trump’s campaign representatives Chris LaCivita and Susie Wiles intensified criticism of the body that sponsors all general election presidential debates. Previously, they had requested debates to be held “much earlier” than the commission’s planned first debate in mid-September.

The Trump campaign repeated its argument that voters deserve to hear from both candidates before they begin casting their votes.

“The Presidential Debate Commission’s schedule does not begin until after millions of Americans will have already cast their ballots. This is unacceptable, and by refusing to move up the debates, they are doing a grave disservice to the American public who deserve to hear from both candidates before voting begins,” the statement read.

The statement comes after the nonprofit commission told Fox News that it would stick with its debate schedule, which was released last November. Four debates are planned: three presidential and one vice presidential.

The first presidential debate takes place on Sept. 16 at Texas State University in San Marcos; the second takes place on Oct. 1 at Virginia State University in Petersburg; and the third takes place on Oct. 9 at the University of Utah in Salt Lake City.

The commission said that it “is proceeding with production and broadcast plans at its four debate sites as also announced on November 20, 2023.”

The Trump campaign had pressed the commission to provide debates sooner and with greater frequency, particularly now that both 2024 contenders have secured the necessary delegates to become their respective parties’ presumptive nominees.

In a letter penned to the commission earlier this year, the Trump campaign wrote: “The Commission must move up the timetable of its proposed 2024 debates to ensure more Americans have a full chance to see the candidates before they start voting, and we would argue for adding more debates in addition to those on the currently proposed schedule.”

The Trump campaign’s push for earlier debates comes as President Trump applies pressure on President Joe Biden to engage in head-to-head debates.

The Biden campaign has largely avoided addressing debates directly with President Trump, but last week, President Biden said that he’s “happy” to debate President Trump.

“I am, somewhere, I don’t know when,” President Biden said when asked about debating his Republican opponent during an interview with radio personality Howard Stern. “I’m happy to debate him.”

Following these remarks, President Trump took to Truth Social to press the president for a debate.

President Joe Biden speaks during a campaign stop at Hillsborough Community College’s Dale Mabry campus in Tampa, Fla., on April 23, 2024. (Joe Raedle/Getty Images)

“Crooked Joe Biden just announced that he’s willing to debate! Everyone knows he doesn’t really mean it, but in case he does, I say, ANYWHERE, ANYTIME, ANYPLACE, an old expression used by Fighters,” President Trump wrote on Truth Social.

In March, following his State of the Union address, President Biden said that a debate with President Trump “would depend upon his behavior.” The Biden administration has also cited concerns over finding a fair moderator.

Last week, following President Biden’s remarks agreeing to debate, President Trump suggested any location, including the White House, as a venue.

President Trump, according to the campaign’s Tuesday statement, remains committed to debating President Joe Biden “anytime, anywhere, anyplace.”

His campaign suggested on Tuesday that he could circumvent the body that’s sponsored all general election presidential debates for decades.

“We are committed to making this happen with or without the Presidential Debate Commission. We extend an invitation to every television network in America that wishes to host a debate, and we once again call on Joe Biden’s team to work with us to set one up as soon as possible. The American people deserve it,” Mr. LaCivita and Ms. Wiles added.

The commission’s schedule includes a vice presidential debate on Sept. 25 at Lafayette College in Easton, Pennsylvania.

The Epoch Times contacted the Commission on Presidential Debates for comment.

Tyler Durden Wed, 05/01/2024 - 21:45

"It Was Brutal": 2nd Boeing-Linked Whistleblower Dies

A whistleblower at Boeing supplier Spirit AeroSystems died Tuesday morning following a struggle with a 'sudden, fast-spreading infection,' the Seattle Times reports.

45-year-old Joshua Dean, a former mechanical engineer and quality auditor from Wichita, Kansas, alleged that Spirit leadership ignored manufacturing defects on the 737 MAX, including 'mechanics improperly drilling holes in the aft pressure bulkhead of the MAX.' When he brought this up with management, he said that nothing was done about it. So he filed a safety complaint with the FAA - and said that Spirit had used him as a scapegoat while they lied to the agency about the defects.

"After I was fired, Spirit AeroSystems [initially] did nothing to inform the FAA, and the public" regarding the bulkhead defects, said Dean in his complaint.

In November, the FAA suggested to Dean in a letter that his claims had merit, writing "The investigation determined that your allegations were appropriately addressed under an FAA-approved safety program," adding "However, due to the privacy provisions of those programs, specific details cannot be released."

Dean also gave a deposition in a Spirit shareholder lawsuit.

The shareholder lawsuit alleging that Spirit management withheld information on the quality flaws and harmed stockholders was filed in December. Supporting the suit, Dean provided a deposition detailing his allegations.

After a panel blew off a Boeing 737 MAX plane in January, bringing new attention to the quality lapses at Spirit, one of Dean’s former Spirit colleagues confirmed some of Dean’s allegations. -Seattle Times

He had been in good health, and 'was noted for having a healthy lifestyle,' according to the report.

He had been in critical condition for two weeks, according to his aunt Carol Parsons, who said he became ill and went to the hospital due to breathing difficulties. He was intubated, after which he developed pneumonia and then MRSA, a serious bacterial infection.

His condition deteriorated rapidly, and he was airlifted from Wichita to a hospital in Oklahoma City, Parsons said. There he was put on an ECMO machine, which circulates and oxygenates a patient’s blood outside the body, taking over heart and lung function when a patient’s organs don’t work on their own. -Seattle Times

Doctors had considered amputating both hands and both feet.

"It was brutal what he went through," said Parsons. "Heartbreaking."

Dean was fired in April 2023, after which he filed a complaint with the Department of Labor, alleging he had been terminated in retaliation for blowing the whistle.

He was represented by the South Carolina law firm that represented Boeing whistleblower John "Mitch" Barnett, who was found dead in an 'apparent suicide' in March in Charleston.

Barnett was in the middle of giving depositions suggesting that Boeing retaliated against him over complaints related to quality issues when he was found dead from a gunshot wound.

The Charleston County Coroner’s Office reported Barnett’s death appeared to be “from a self-inflicted gunshot wound.” Almost two months later, the police investigation into his death is still ongoing. -Seattle Times

"Whistleblowers are needed. They bring to light wrongdoing and corruption in the interests of society. It takes a lot of courage to stand up," said Brian Knowles, one of Dean's lawyers. "It’s a difficult set of circumstances. Our thoughts now are with John’s family and Josh’s family."

In March, Boeing was rumored to be in talks to buy Spirit, as both companies have come under increasing pressure from airline customers and federal regulators to shore up quality issues following a January 5th incident in which a door plug blew out mid-flight on a 737 MAX 9.

Alaska Airlines flight #AS1282, a Boeing 737 MAX 9, experienced a rapid decompression after the loss of a large panel that included an emergency exit door on the left side of the plane.
The flight made a safe return to Portland (PDX).pic.twitter.com/KH4gs0X4o6

— Aviation Safety Network (ASN) (@AviationSafety) January 6, 2024

Four days later, United Airlines found "loose bolts" on 737 MAX doors following an emergency inspection.

Tyler Durden Wed, 05/01/2024 - 21:25

Google Workers Sacked Over Israel Protests File Federal Labor Complaint

Authored by Aldgra Fredly via The Epoch Times,

Dozens of Google workers who were fired for protesting the tech giant’s cloud deal with the Israeli government filed a complaint on Monday with the National Labor Relations Board (NLRB) over their termination.

The complaint, obtained by The Washington Post, alleges that Google violated the workers’ rights by “terminating and/or placing them on administrative leave in response to their protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work.”

The workers are seeking reinstatement of their jobs and back pay, alleging that Google had “unlawfully retaliated” against them for engaging in “peaceful” protest, Jane Chung, a spokesperson for No Tech for Apartheid, was quoted as saying by the New York Post.

No Tech for Apartheid, the group organizing the protests, claimed that Google fired over 20 workers on April 23, including non-participating bystanders.

This adds to the 30 workers fired last week for their involvement in sit-in protests at Google offices in New York and Sunnyvale, California, bringing the total number of terminated workers to over 50 people.

Google did not immediately respond to a request for comment.

The protests targeted a $1.2 billion deal known as Project Nimbus that provides artificial intelligence technology to the Israeli government.

The fired workers contend that the system is being lethally deployed in the Gaza war.

“Google’s aims are clear: the corporation is attempting to quash dissent, silence its workers, and reassert its power over them,” the group said in an April 23 press release.

“In its attempts to do so, Google has decided to unceremoniously, and without due process, upend the livelihoods of over 50 of its own workers,” it added.

The activist group has vowed to continue organizing until their demands are met: for Google to “drop Project Nimbus and stop powering Israel’s genocide of Palestinians in Gaza now.”

Project Nimbus was signed in 2021. It involves joint cloud computing and AI services provided by Google and Amazon to the Israeli government. Google has said that the program is not being utilized for military or intelligence purposes.

Google has said that it fired the workers after gathering details from coworkers who were “physically disrupted” and it identified employees who used masks and didn’t carry their staff badges to hide their identities. Google didn’t specify how many were fired.

In a blog post on April 18, Google CEO Sundar Pichai hinted that workers will be on a short leash as the company intensifies its efforts to improve its AI technology at a pivotal moment in the industry and, potentially, humanity. He did not openly refer to a specific incident.

“But ultimately we are a workplace and our policies and expectations are clear: this is a business, and not a place to act in a way that disrupts coworkers or makes them feel unsafe, to attempt to use the company as a personal platform, or to fight over disruptive issues or debate politics,” Mr Pichai wrote.

“We have a duty to be an objective and trusted provider of information that serves all of our users globally,” he added.

It’s not the first time Google workers have protested against some of the company’s ventures and its approach to AI development.

A previous protest by employees in 2018 resulted in Google’s termination of a contract with the U.S. Department of Defense called “Project Maven.” The contract was largely focused on assisting armed forces with military video analysis.

Despite this, Google has remained largely unaffected by the internal uproar.

From a financial perspective, the company continues to flourish through revenue obtained through its main sources, primarily digital advertising and a dominant search engine.

Tyler Durden Wed, 05/01/2024 - 21:05

The Countries Where The Most People Buy Organic

According to the Statista Market Insights, more than 15 percent of food sales in Denmark are of organic products, making the country the biggest market for organic food in relative terms.

As Statista's Katharina Buchholz shows in the chart below, Austria, Luxembourg and Switzerland are the only other countries achieving a share above 10 percent, showing that in a global context, food marketed as organic is still a somewhat of a niche despite all the hype surrounding it.

You will find more infographics at Statista

Taking into consideration only foods marketed as organic (and not those which are not sold as such, for example in countries with less formalized food markets), the global share of organic products in total food revenue was just 1.9 percent.

With Germany in rank 7, a strong preference for organic food in German-speaking countries is visible. Interestingly, Benelux and Scandinavian countries are not consistingly achieving rates above 5 percent. Statista analysts also took a look at the development of the market and concluded that it is only growing slowly in most places as price remains a (perceived) hurdle for many consumers.

Also taking into account country size, the United States still had the largest market for organic food out of any country despite a lower share of organic food at 7.2 percent of all food sales in 2023.

This is the equivalent of around $70 billion of the $975 billion U.S. food market (excluding out-of-home).

In comparison, all of Europe generated food revenues almost $2 trillion but lower organic uptake in Eastern and Southern Europe led to a share of 3.9 percent organic food sales overall - the equivalent to an organic food market only slightly bigger than that of the U.S. at $77.6 billion.

Tyler Durden Wed, 05/01/2024 - 20:45

California's Perpetual Drought Is Manmade And Intentional

Authored by Roger Canfield via The Epoch Times (emphasis ours),

The California Department of Water Resources (DWR) last week released its next five-year plan for the State Water Project—Update 2023. After years of meetings, California’s premier water agency has decided to focus on “three intersecting themes: addressing climate urgency, strengthening watershed resilience, and achieving equity in water management.”

Lake Shasta Dam in Shasta Lake, Calif., on Feb. 14, 2023. (Allan Stein/The Epoch Times)

Water supplies for California’s 40 million people and the planet’s most productive agriculture have third- to fifth-level priority.

There is nothing new here, except to publicly admit to betraying the public trust. Really?

Over several decades, the public has been deceived into voting for water bonds that have little new water in them—phony promises to build new water storage and aqueducts. About 12 percent of bond funds are spent on new water storage. The rest of the bond funds have been squandered on scores of local and special-interest environmental projects, e.g., tearing down four Klamath-area dams—killing fish to save them—and opposing substantial new water projects, e.g., raising Shasta Dam and building Auburn Dam.

Further, by California law, water must be equitably distributed, pumped “equally”—half to human beings (if you count agriculture) and half to fish (the water-short Pacific Ocean, 187 quadrillion gallons). During the big rains of 2024, about 90 percent of the water was flushed to the Pacific through the gills of perhaps a half dozen delta smelt.

Farmers call it a manmade drought.

The politicos halted humans “taking” water, “diverting” it, from fish. Under the U.S. Constitution, the taking of private property requires just compensation—not mass confiscation. Water rights are a complex species of property.

“Our findings show that atmospheric river activity exceeds what has occurred since instrumental record keeping began,” said Clarke Knight, a U.S. Geological Survey research geographer.

Still, DWR scheduled 2024 meetings of the Drought Resilience Interagency & Partners (DRIP) Collaborative for April, July, and October.

The DRIP fantasy continues despite a deluge of 2024 water from two winters of giant “rivers in the sky” dumping excesses of water and creating massive floods and landslides.

Recent massive atmospheric rivers, Ark events, are small compared to ancient monster storms that occurred long before human beings had any impact whatsoever on climate, let alone weather.

Despite plentiful rainfall, DWR continued to limit pumping from the Sacramento-San Joaquin River Delta to Central Valley agriculture to 30–40 percent to protect native fish. Nonnative bass are likely the greatest dangers to native fish. DWR insisted that its ability to move water south has been “impacted by the presence of threatened and endangered fish species.”

Those water districts’ contractors, paying the full cost of State Water Project (SWP) water, thought otherwise.

Jennifer Pierre, general manager of the State Water Contractors, stated: “While we are glad to see this modest allocation, it is still far below the amount of water we need. There is a lot of water in the system, California reservoirs are full, and runoff from snowpack melt is still to come. Even in a good water year, moving water effectively and efficiently under the current regime is difficult.”

California’s drought fixation is entirely manmade. In the past, in wet years, the waters of the Sacramento River, greater than the mighty Colorado, turned the Central Valley into an inland sea.

For over a century, California visionaries followed the lead of the Mesopotamians, Assyrians, Romans, and Nabataeans as well as the Aztecs before them. C.R. Rockwood, William Mulholland, Michael O’Shaughnessy, Gov. Pat Brown, and Gov. Ronald Reagan built dams and aqueducts to store and distribute water and to provide flood protection and hydroelectricity “too cheap to meter.”

As I have said before, California wastes tens of billions of dollars’ worth (at a conservative $100–$200 an acre-foot) of precious fresh water to save handfuls of delta smelt and “restore” salmon runs where salmon never ran before.

As I’ve also mentioned before, tyrannical water police order city folk, who use only 8 percent of California’s water, to drink recycled toilet water and to live on 55 gallons a day. The serfs may bathe every other Saturday whether they need it or not. California demands that its residents take a water conservation pledge: And to the utopia for which it stands. Neighbors turn neighbors in for “wasting” water, not to mention life, liberty, and property.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times.

Tyler Durden Wed, 05/01/2024 - 20:25

'Intel Insidious' - Here's All The 'Grants' Given By Biden's US CHIPS Act

This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.

The grant amounts visualized in this graphic, via Visual Capitalist's Marcus Lu, are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.

Data and Company Highlights

The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.

BAE Systems was not included in the graphic due to size limitations

Intel’s Massive Plans

Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.

From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.

TSMC Expands its U.S. Presence

TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.

The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.

The Latest Grant Goes to Micron

Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.

Tyler Durden Wed, 05/01/2024 - 20:05

Title IX Rules: 6 More States Sue Biden Admin Over "Radical And Illegal" Changes

Authored by Katabella Roberts via The Epoch Times,

A group of six Republican state attorneys general filed a lawsuit against the Biden administration’s Department of Education on Tuesday over what they said were “radical and illegal” changes to Title IX rules.

The lawsuit, led by Kentucky Attorney General Russell Coleman and Tennessee Attorney General Jonathan Skrmetti, was filed in the U.S. District Court for the Eastern District of Kentucky.

In their legal filing, the GOP attorneys general argued that the department overstepped its authority when rolling out new updates to Title IX rules that expanded protections to students by incorporating gender identity into the legal text.

They further claimed the changes to the rules override state laws and will harm Tennessee students, families, and schools. The attorneys general called on the court to pause and overturn the newly expanded policy.

“The U.S. Department of Education has no authority to let boys into girls’ locker rooms,” Mr. Skrmetti said in a statement.

“In the decades since its adoption, Title IX has been universally understood to protect the privacy and safety of women in private spaces like locker rooms and bathrooms. Federal bureaucrats have no power to rewrite laws passed by the people’s elected representatives, and I expect the courts will put a stop to this unconstitutional power grab.”

Mr. Coleman, meanwhile argued the new changes to Title IX rules would “rip away 50 years of Title IX’s protections for women and put entire generations of young girls at risk.”

“As Attorney General, it is my duty to protect the people of Kentucky. As a Dad, it is my duty to protect my daughters,” Mr. Coleman said. “Today, I do both.”

Biden Admin Unveils Changes to Rules

The Kentucky attorney general added that his office is joining the lawsuit to “lead this fight for our daughters, granddaughters, nieces, and all the women of our Commonwealth.”

Title IX of the Education Amendments of 1972 is a longstanding policy designed to protect people from discrimination based on sex in schools.

Specifically, the protections prohibit sex-based discrimination in any school or any other education program that receives funding, either directly or indirectly, from the federal government.

However, the Department of Education last week rolled out newly updated Title IX rules that include expanded protections for LGBTQ students for the first time.

Under the updated rules, the prohibition against discrimination based on “sex” has been updated to include a prohibition against discrimination “based on sex stereotypes, sex-related characteristics (including intersex traits), pregnancy or related conditions, sexual orientation, and gender identity.”

The new rules also dictate that any K-12 school or institution of higher education that receives any federal funding may not separate or treat individuals differently based on sex “in a manner that subjects that person to more than de minimis harm,” which Republicans say will lead to shared bathrooms, locker rooms and more.

It does, however, clarify that such separations are allowed “in the context of sex-separate living facilities and sex-separate athletic teams.”

The rules also state that all “non-confidential” school employees are required to notify a Title IX coordinator if they learn of any violations.

According to the Biden administration, the new regulations are set to take effect on Aug. 1.

President Joe Biden (R) speaks in the Roosevelt Room of the White House, on June 30, 2023. (Jim Watson/AFP via Getty Images)

‘Radical, Illegal Attempt to Rewrite the Statute’

In a statement announcing the newly updated rules, U.S. Secretary of Education Miguel Cardona said they “build on the legacy of Title IX by clarifying that all our nation’s students can access schools that are safe, welcoming, and respect their rights.”

“The final regulations promote educational equity and opportunity for students across the country as well as accountability and fairness while empowering and supporting students and families,” the department said.

However, the attorneys general of Kentucky and Tennessee claim the new rules could put schools at risk of losing federal education funding, including access to free and reduced lunch programs and Individuals with Disabilities Education Act (IDEA) grants if they fail to abide by them.

The new rules would also require K-12 schools, colleges, and universities to “allow males identifying as females access to women’s sports, bathrooms and locker rooms,” they said.

“Under this radical and illegal attempt to rewrite the statute, if a man enters a woman’s locker room and a woman complains that makes her uncomfortable, the woman will be subject to investigation and penalties for violating the man’s civil rights,” Mr. Skrmetti said.

“Federal bureaucrats have no power to rewrite laws passed by the people’s elected representatives, and I expect the courts will put a stop to this unconstitutional power grab.”

The attorneys general of Indiana, Ohio, West Virginia, and Virginia have also joined the lawsuit with Tennessee and Kentucky.

It marks the latest lawsuit against the new Title IX changes after Republican attorneys general from nine states including Alabama and Louisiana filed similar legal challenges against the newly updated protections on Monday.

The Texas attorney general also has filed a lawsuit against the expanded rules, calling them “unlawful” and claiming they mandate schools comply with a “radical gender ideology.”

Tyler Durden Wed, 05/01/2024 - 18:25

Biden's Dollar Weaponization - Growing Backlash Could Kill The Economy

Authored by Peter Reagan for Birch Gold Group,

President Biden’s decision to participate in the Ukraine-Russia conflict back in February 2022 has taken a new and dangerous turn this year.

The U.S. dollar could suffer dramatically as a result.

Before we explore that new development, we’re going to start by quickly summarizing some of the events that led the United States to this point.

Let’s begin...

In the February 28th, 2022 issue of Matt Levine’s Money Stuff column for Bloomberg, Levine wrote about the sanctions placed on Russia:

the U.S., the European Union, the U.K., Switzerland, Singapore and other countries announced harsh sanctions against Russia for its unprovoked invasion of Ukraine. There are a lot of these sanctions – banning Russian flights through European airspace, limiting Russian banks’ access to the SWIFT interbank messaging system, etc. – but the most drastic might be U.S., U.K. and EU bans on any transactions with the Russian central bank. The bulk of Russia’s foreign reserves are held in the form of securities, deposits at other central banks and deposits at foreign commercial banks. A ban on transactions with Russia’s central bank means that it can’t sell those securities or access those deposits. Its foreign currency reserves turned out to be mostly useless.

As is the case with most geopolitical conflicts, there is always a lot more to the story than gets reported in the mainstream media (Russian, U.S., or otherwise). For example, some of the history behind the current conflict actually dates back to 2014.

Nonetheless, the bottom line is that the financial sanctions placed on Russia in 2022 were supposed to have a severe impact on Russia’s economy.

Unfortunately, for President Biden and NATO allies…

Russia shrugs off brutal sanctions

If the sanctions placed on Russia in 2022 had their intended effect, Russia’s economy would’ve been wrecked, set back 30 years or more. It would’ve become a third-world country by now.

But that hasn’t happened. Russia has prospered despite those sanctions.

A revealing NPR interview shed light on some of the economic impacts, as of December 2023:

Russia has been hit with huge economic sanctions since it invaded Ukraine nearly two years ago. But the Russian economy has remained strong, defying many economists’ expectations.

Alexandra Prokopenko, a fellow at Carnegie Eurasia Center, explained:

Economic growth in Russia in 2023 is likely to exceed 3%. It is – in terms of figures, I mean, it’s great. It’s more than the economy of the United Kingdom or of Germans’ economy. So what’s behind these figures is that over a third of this growth is attributed to the war economy, where defense-related industries are flourishing at double-digit rates.

Now, it makes sense that war would boost military and defense-related industries. But Russia’s economy also doesn’t appear to be suffering much.

In fact, according to Bloomberg, Russia’s economy is actually at risk of overheating.

Even left-leaning think tanks can’t do much more than wag their fingers and exclaim “just you wait”:

Russia’s economy is now stable both in spite of and as a result of Western sanctions…

Russia’s economy could begin to see major challenges in the next year-and-a-half, think tank researchers write.

Just like Bidenomics! “Sure, it’s not working yet, but it will eventually, any day now…”

Nonsense. Russia’s currency, GDP, and banks are thriving:

The ruble is steady at about 92:1 (compare this to Biden’s claims from 2022 that “the ruble will be rubble”). Russia’s debt-to-GDP level is 17.2%, compared with the U.S. level of 131.0%. Russian bank profits for 2024 are projected to exceed the record profits in 2023.

In other words, Russia’s economy is outperforming the U.S. by almost every measure, and is doing so on a more sustainable level from a debt perspective.

So, let’s take stock…

Two years after these shock-and-awe sanctions intended to pressure Russia into ending its invasion of Ukraine:

• Russia’s economy is outperforming not only the U.S. but also NATO allies (including the UK’s, Germany’s etc.)

• The embargo on Russian oil by the West had zero impact on Russian exports

• Russia’s defense and military industries are booming (talk about unintended consequences!)

Don’t misunderstand! I’m no fan of Vladimir Putin.

But I’m also not a fan of the Biden administration’s half-baked plan to teach Russia a lesson. It’s a total failure.

At this point, a rational person would assess the situation, look at the data and make a new plan.

Never one to learn from his mistakes, President Biden has instead opened a new front in his financial war on Russia.

This time, though, I’m seriously concerned he’s gone too far…

“This is outright theft”

Thanks to a recently passed piece of legislation, the Biden administration plans to take control of Russia’s frozen assets.

Rickards provided a nice summary:

The House passed the “REPO Act” this weekend, which authorizes the administration to seize about $20 billion worth of Russian assets sitting in U.S. banks, mostly Treasury securities. It would then transfer that money to Ukraine.

The securities were legally purchased by Russia using dollars earned through the sale of oil prior to the war. They were frozen in early 2022. That means the securities are still legally owned by Russia, but they can’t be sold or pledged, and Russia can’t receive the interest or cash at maturity.

But this legislation goes one step further and authorizes the actual seizure of these assets. This is outright theft and a violation of the Sovereign Immunities Act, but no one seems to care about that.

We’ve discussed dollar weaponization repeatedly over the last couple of years.

This development is next-level.

Freezing assets is bad enough – but seizing those legally-purchased assets? In violation of all international law?

That’s the act of an autocrat. Which is exactly what Biden calls Putin.

Is this a good idea? Probably not. Russia already can’t get its hands on those assets. So how does stealing them make Russia’s situation worse?

It doesn’t!

Instead, what it does accomplish (again, unintended consequences) is send a message to the rest of the world.

It’s not a hopeful message.

Are dollars assets? Or liabilities?

In today’s financialized world, most financial assets are based on debt. They’re promises to pay. As Ray Dalio recently reminded us:

…the dollar, to a lesser extent the euro, to a much lesser extent the yen, and to an even lesser extent the Chinese renminbi… are held in debt assets – i.e., they are debt-backed money—i.e., currency = debt. In other words, when you hold these monies, you are holding debt liabilities, which are promises to deliver you money.

The REPO Act has broken this promise to deliver money.

Which begs the question: What if central banks start to view dollars as a liability rather than an asset?

This Wall Street Journal article shows that economists were already grappling with this question back in 2022:

Recent events highlight the error in this thinking: Barring gold, these assets are someone else’s liability – someone who can just decide they are worth nothing…

What can investors do? For once, the old trope may not be ill advised: buy gold. Many of the world’s central banks will surely be doing it.

Indeed, 2022 was the biggest year for central bank gold-buying in history.

2023 was a close second-place, coming in just 4% below the previous year’s record.

The lesson is quite clear. What we think of as assets can become liabilities overnight.

So what can we do about it?

Do you have enough non-debt money?

Between brutal loss of purchasing power over the last three years, and now this escalation of dollar weaponization, you have to wonder: How much more abuse can the dollar take?

There’s no way to know.

That’s why Dalio wants you to ponder the question, “Do you have enough non-debt money?”

Gold, on the other hand, is a non-debt-backed form of money. It’s like cash, except unlike cash, which is devalued by risks of default or inflation, gold is supported by risks of debt defaults and inflation. It is held by central banks and other investors for this reason. In fact, gold is the third-most-held reserve currency by central banks, more so than the yen or renminbi…

When the financial system is working well – which is when there aren’t debt and inflation crises and the borrower-debtor governments printing debt-backed monies are meeting their obligations and paying their interest without printing and devaluing money – debt assets and other financial assets are good assets to hold; on the other hand, when the reverse is the case, gold is a good asset to own. That’s the main reason that gold is a good diversifier and why I have some in my portfolio.

Physical precious metals are just about the only asset that isn’t someone else’s liability. They aren’t an easily-broken promise to pay. They’re not an obligation.

With physical precious metals, you either own them or you don’t. Learn more about why physical gold ownership is vital.

Do you have enough non-debt money?

If all the promises to pay you own were broken, where would that leave you?

*  *  *

With global instability increasing and election uncertainties on the horizon, protecting your retirement savings is more important than ever. And this is why you should consider diversifying into a physical gold IRA. Because they offer an easy and tax-deferred way to safeguard your savings using tangible assets. To learn more, click here to get your FREE info kit on Gold IRAs from Birch Gold Group.

Tyler Durden Wed, 05/01/2024 - 17:45

A Disappointing First Year For Chicago Mayor Brandon Johnson

Authored by Ted Dabrowski and John Klingner via Wirepoints.org,

Nearly one year ago, Chicagoans cheered Mayor Lori Lightfoot’s removal from office.

Gone was her toxic attitude. Her flippant dismissal of the city’s many crises. Her abrasive politics.

In her place was Brandon Johnson, who promised a more inclusive approach to building a “better, stronger, safer Chicago.” 

It hasn’t turned out that way.

Today, there’s little disagreement that Mayor Johnson has disappointed on most key issues. On crime. On policing. On migrants. On education. On governance. Even on foreign affairs. 

Two recent polls show Chicagoans have a low opinion of Johnson and his performance so far.

A January poll by Tulchin Research found just 21% of registered Chicago voters approved of Johnson. And a new Harris poll shows just 9% of city residents rated Johnson’s performance as above average while 50% rated his performance as below average. 

It’s reached the point where some Chicagoans are pursuing a recall initiative to remove the mayor.

As we approach Johnson’s one-year anniversary, let’s review how he’s mishandled the city’s key issues.

On crime 

Even before taking office, Mayor Johnson fully embraced soft-on-crime policies. Johnson said in 2020 that defunding the police is not “a slogan, it’s an actual real political goal.” He later defended looting as “an outbreak of incredible frustration and anguish” tied to “a failed racist system.” And at a panel for a police-free future, Johnson said “part of it is removing ourselves away from this state-sponsored policing…”

Johnson has continued to openly excuse crime and violence since becoming Mayor. He declared the youth of last summer’s teen takeovers as just kids being “silly.”  He later pushed back against those who complained of youth mobs taking over city streets: “We’re not talking about mob actions…to refer to children as baby Al Capones is not appropriate.”

All that rhetoric has helped fuel Chicago’s crime problem. 2023 ended up with a five-year high in major crimes committed, while Chicago led the country again in homicides for the 12th year in a row. And while murders are down 10% this year, robberies and violent crimes overall are currently running at a six-year high.

Despite that rise in violence, Johnson earlier this year canceled ShotSpotter, a gunshot detection technology, to appease soft-on-crime advocates who declared the program “racist.” He was later pressured to extend the contract through November to ensure ShotSpotter would be in place during the Democratic National Convention. 

The saga is not over, however, as now there’s a concerted effort by several aldermen to override Johnson’s decision to get rid of the program. They call ShotSpotter an ‘invaluable tool’ for fighting crime in their homicide-ridden wards.

On illegal immigrants

Mayor Johnson never had a plan – and still doesn’t – for how to handle the inflow of illegal migrants to Chicago. That’s led to a series of walkbacks, unforced errors and costly mistakes by him and his administration. The mayor continues to blame Texas Gov. Greg Abbott for the inflow, but it’s Johnson’s continued support of Chicago’s failed sanctuary status and his increased handouts that keep the migrants coming in. 

The Johnson administration has committed nearly $400 million to migrant health and welfare so far and that’s created outrage across the city’s black and brown communities, many of whom protest that the city’s resources are being diverted away from their own struggling neighborhoods. They feel they’ve become second class citizens in their own city. 

And then there was the Mayor’s flip-flop on his traveling to the U.S.-Mexico border. Johnson originally said he would travel there to see the impact of the migrant crisis first-hand, but walked that back a few weeks later, with the excuse that he had too much to do and that “I’m doing all of that with a Black wife raising three Black children on the west side of the city of Chicago. I am going to the border as soon as possible.” Mayor Johnson has yet to visit the border.

There’s also the tent city debacle, where the Brighton Park site Johnson chose to host a migrant encampment turned out to be an environmental health hazard. Gov. J.B. Pritzker had to step in and block Johnson and the city from proceeding with the 2,000-bed encampment.

On schools

Johnson staked out his vision for K-12 education long before he ran for mayor, declaring he was “against the structure” of education and decrying homework, standardized tests and selective enrollment schools. 

His first step in enacting that vision, a CPS school board resolution calling for a “transition” away from selective enrollment schools and “school choice,” sparked a major backlash from both parents and the state’s political class. Chicago’s selective enrollment and magnet schools are actually among the best, most diverse schools in the state, where black and Hispanic students achieve the same high marks as white students.

A bill protecting those schools from closure recently passed overwhelmingly in the House, serving as a direct repudiation of the Mayor’s efforts.

On Gaza

The mayor recently took the tie-breaking vote in support of a city resolution that called for a ceasefire in Gaza.

That, from the city that leads the country in murders and just hit a five-year high for major crimes.

Even Saturday Night Light Live mocked Johnson and the city council, joking that Gaza had in return called for a ceasefire in Chicago.

On tax hikes

Johnson’s failure to pass his signature “Bring Chicago Home” initiative, a real-estate transfer tax hike to address homelessness, highlighted how little support the mayor has.

Passage of the tax should have been a slam dunk. It was structured to deliver small tax cuts to the overwhelming majority of Chicagoans, while hiking taxes on the wealthy few.

The tax hike, effectively a referendum on Johnson’s performance, failed 52 to 48, dealing a significant blow to the mayor’s authority.

On a new Bears stadium

Johnson is looking for any win to lift his flagging popularity. Cue his support for the Chicago Bears’ plan for a new multi-billion dollar stadium with more than $1.5 billion in taxpayer subsidies.

Never mind that Johnson originally rejected the idea of public subsidies for a stadium during his candidacy, saying that such money would be better spent on new housing, removing lead pipes or “dozens of other urgent needs.” 

What makes Johnson’s desperation for a “win” so obvious is that no prominent Democrat stood with him in support, certainly not the ones that matter most: Gov. J.B. Pritzker, Senate President Don Harmon and House Speaker Chris Welch all expressed skepticism of the deal.

*  *  *

Perhaps nothing better captures the depth of the mayor’s struggles more than this: Johnson was asked not to attend Monday’s funeral of slain police officer Luis Huesca.

His mother said, “Tell the mayor not to come.  We do not want him there. Tomorrow is about my son and my family’s grief. We do not want him to disrespect his memory. The mayor does not support the police.”

A Chicago mayor, not attending the funeral of a fallen officer. Nothing more needs to be said.

Read more from Wirepoints:

• Death to Facts: Northwestern journalism prof Steven Thrasher tells pro-Palestinian demonstrators to reject objective reporting

• Floundering Illinois wind energy program blamed partly on (you guessed it) climate change

• Traumatizing Chicago robberies, violent crimes at six-year high

• Even more evidence Illinois can thank the federal government’s covid bailouts for its budget bonanza

Tyler Durden Wed, 05/01/2024 - 17:05

Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days

Two days after the yen soared after crashing to a 34 year low of 160 against the US, when the Japanese Ministry of Finance reportedly spent around 5 trillion yen, or just over $30 billion, to push the imploding Japanese currency to levels not seen in ... about 48 hours, moments ago with much of the impact from the first intervention having fizzled, the Japanese Ministry of Finance appeared to step in again when moments after the US cash market close, USDJPY cratered in seconds in the second Japanese intervention in as many days.

Of course, one can't help but be amused by the sheer amateur hour at the BOJ where the second consecutive intervention, one which will cost the MOF another $30 billion or so, has managed to push the yen to levels not seen since... last week.

And speaking of the intervention cost, while we won't know how much they officially cost Japan until the end of the month, what is notable is that the first intervention - which took place amid super thin liquidity due to a holiday in Japan which typically exacerbates market moves - cost nearly as much as one of the interventions in 2022, when they bought a record amount of yen, according to a Bloomberg analysis of central bank accounts.

"Despite spending ¥5 trillion in a market where there should have been little trading activity, the yen was pushed up by only a little over ¥5 and quickly recovered more than half its value,” said Takuya Kanda, the head of research at Gaitame.com Research Institute. “That doesn’t seem very cost effective” compared to intervention two years ago, he said.

What is notable about this particular intervention is that it took place just 2 hours after the latest Fed decision - which was viewed as moderately dovish due to the greater than expected QT taper. And indeed, it would be pointless to intervene had the Fed come out as hawkish and sent the dollar soaring.

In fact, one can argue that the BOJ and MOF - having had discussions with Powell  and Yellen about this intervention ahead of time  - received some  assurance that as far the Fed and Treasury are concerned, the US dollar isn't going to spike in the near-future. In fact, one can probably go so far as  speculating that Yellen actually leaked to the BOJ what the next NFP and CPI prints will be so that Japan doesn't waste tens of billions in yentervention firepower only to watch the JPY plunge again in two days  when a red hot jobs print send the USD soaring.

If so, we've seen the dollar highs for the year.

Tyler Durden Wed, 05/01/2024 - 16:45

The Steady Slide Towards Tyranny: How Freedom Dies From A To Z

Authored by John & Nisha Whitehead via The Rutherford Institute,

“As I look at America today, I am not afraid to say that I am afraid.”

- Former presidential advisor Bertram Gross

The American governmental scheme is sliding ever closer towards a pervasive authoritarianism.

The American people, the permanent underclass in America, have allowed themselves to be so distracted and divided that they have failed to notice the building blocks of tyranny being laid down right under their noses by the architects of the Deep State.

This steady slide towards tyranny, meted out by militarized local and federal police and legalistic bureaucrats, has been carried forward by each successive president over the past fifty years regardless of their political affiliation.

Biden, Trump, Obama, Bush, Clinton: they have all been complicit in carrying out the Deep State’s agenda.

Frankly, it really doesn’t matter who occupies the White House, because it is a profit-driven, unelected bureaucracy—call it whatever you will: the Deep State, the Controllers, the masterminds, the shadow government, the corporate elite, the police state, the surveillance state, the military industrial complex—that is actually calling the shots.

In the interest of liberty and truth, here’s an A-to-Z primer that spells out the grim realities of life in the American Police State that no one seems to be talking about anymore.

A is for the AMERICAN POLICE STATE. A police state “is characterized by bureaucracy, secrecy, perpetual wars, a nation of suspects, militarization, surveillance, widespread police presence, and a citizenry with little recourse against police actions.”

B is for our battered BILL OF RIGHTS. In the militarized police culture that is America today, where you can be kicked, punched, tasered, shot, intimidated, harassed, stripped, searched, brutalized, terrorized, wrongfully arrested, and even killed by a police officer, and that officer is rarely held accountable for violating your rights, the Bill of Rights doesn’t amount to much.

C is for CIVIL ASSET FORFEITURE. This governmental scheme to deprive Americans of their liberties—namely, the right to property—is being carried out under the guise of civil asset forfeiture, a government practice wherein government agents (usually the police and now TSA agents) seize private property they “suspect” may be connected to criminal activity. Then, whether or not any crime is actually proven to have taken place, the government keeps the citizen’s property and it’s virtually impossible to get it back.

D is for DRONES. Nearly 1500 police departments across the U.S. include drones as part of their technological arsenal, and that number is growing. Although drones may be used for benevolent purposes, they have increasingly become extensions of the surveillance state, carrying out warrantless and constant mass aerial surveillance in violation of the Fourth Amendment. New autonomous police drones can “read a license plate from 800 feet away and follow a vehicle from a distance of 3 miles.”

E is for EMERGENCY STATE. From 9/11 to COVID-19 and beyond, we have been the subjected to an “emergency state” that justifies all manner of government tyranny and power grabs in the so-called name of national security. The government’s ongoing attempts to declare so-called national emergencies in order to circumvent the Constitution’s system of checks and balances constitutes yet another expansion of presidential power that exposes the nation to further constitutional peril.

F is for FASCISM. A study conducted by Princeton and Northwestern University concluded that the U.S. government does not represent the majority of American citizens. Instead, the study found that the government is ruled by the rich and powerful, or the so-called “economic elite.” Moreover, the researchers concluded that policies enacted by this governmental elite nearly always favor special interests and lobbying groups. In other words, we are being ruled by an oligarchy disguised as a democracy, and arguably on our way towards fascism—a form of government where private corporate interests rule, money calls the shots, and the people are seen as mere economic units or databits.

G is for GLOBAL POLICE. The federal government has distributed more than $18 billion worth of battlefield-appropriate military weapons, vehicles and equipment such as drones, tanks, and grenade launchers to domestic police departments across the country. As a result, most small-town police forces now have enough firepower to render any citizen resistance futile. By the time you take those small-town police forces, train them to look and act like the military, and then enlist them to be part of the United Nations’ Strong Cities Network program, you not only have a standing army that operates beyond the reach of the Constitution but one that is part of a global police force.

H is for HOLLOW-POINT BULLETS. The government’s efforts to militarize and weaponize its agencies and employees is reaching epic proportions, with federal agencies as varied as the Department of Homeland Security and the Social Security Administration stockpiling millions of lethal hollow-point bullets, which violate international law. Ironically, while the government continues to push for stricter gun laws for the general populace, the U.S. military’s arsenal of weapons makes the average American’s handgun look like a Tinker Toy.

I is for the INTERNET OF THINGS, in which internet-connected “things” monitor your home, your health and your habits in order to keep your pantry stocked, your utilities regulated and your life under control and relatively worry-free. The key word here, however, is control. This “connected” industry propels us closer to a future where police agencies apprehend virtually anyone if the government “thinks” they may commit a crime, driverless cars populate the highways, and a person’s biometrics are constantly scanned and used to track their movements, target them for advertising, and keep them under perpetual surveillance.

J is for JAILING FOR PROFIT. Having outsourced their inmate population to private prisons run by private corporations, this profit-driven form of mass punishment has given rise to a $70 billion private prison industry that relies on the complicity of state governments to keep their privately run prisons full by jailing large numbers of Americans for petty crimes.

K is for KENTUCKY V. KING. In an 8-1 ruling, the Supreme Court ruled that police officers can break into homes, without a warrant, even if it’s the wrong home as long as they think they may have a reason to do so. Despite the fact that the police in question ended up pursuing the wrong suspect, invaded the wrong apartment and violated just about every tenet that stands between the citizenry and a police state, the Court sanctioned the warrantless raid, leaving Americans with little real protection in the face of all manner of abuses by law enforcement officials.

L is for LICENSE PLATE READERS, which enable law enforcement and private agencies to track the whereabouts of vehicles, and their occupants, all across the country. This data collected on tens of thousands of innocent people is also being shared between police agencies, as well as with government fusion centers and private companies. This puts Big Brother in the driver’s seat.

M is for MAIN CORE. Since the 1980s, the U.S. government has acquired and maintained, without warrant or court order, a database of names and information on Americans considered to be threats to the nation. As Salon reports, this database, reportedly dubbed “Main Core,” is to be used by the Army and FEMA in times of national emergency or under martial law to locate and round up Americans seen as threats to national security. There are at least 8 million Americans in the Main Core database.

N is for NO-KNOCK RAIDS. Owing to the militarization of the nation’s police forces, SWAT teams are now increasingly being deployed for routine police matters. In fact, more than 80,000 of these paramilitary raids are carried out every year. That translates to more than 200 SWAT team raids every day in which police crash through doors, damage private property, terrorize adults and children alike, kill family pets, assault or shoot anyone that is perceived as threatening—and all in the pursuit of someone merely suspected of a crime, usually possession of some small amount of drugs.

O is for OVERCRIMINALIZATION and OVERREGULATION. Thanks to an overabundance of 4500-plus federal crimes and 400,000 plus rules and regulations, it’s estimated that the average American actually commits three felonies a day without knowing it. As a result of this overcriminalization, we’re seeing an uptick in Americans being arrested and jailed for such absurd “violations” as letting their kids play at a park unsupervised, collecting rainwater and snow runoff on their own property, growing vegetables in their yard, and holding Bible studies in their living room.

P is for PATHOCRACY and PRECRIME. When our own government treats us as things to be manipulated, maneuvered, mined for data, manhandled by police and other government agents, mistreated, and then jailed in profit-driven private prisons if we dare step out of line, we are no longer operating under a constitutional republic. Instead, what we are experiencing is a pathocracy: tyranny at the hands of a psychopathic government, which “operates against the interests of its own people except for favoring certain groups.” Couple that with the government’s burgeoning precrime programs, which will use fusion centers, data collection agencies, behavioral scientists, corporations, social media, and community organizers and by relying on cutting-edge technology for surveillance, facial recognition, predictive policing, biometrics, and behavioral epigenetics in order to identify and deter so-called potential “extremists,” dissidents or rabble-rousers. Bear in mind that anyone seen as opposing the government—whether they’re Left, Right or somewhere in between—is now viewed as an extremist.

Q is for QUALIFIED IMMUNITY. Qualified immunity allows police officers to walk away without paying a dime for their wrongdoing. Conveniently, those deciding whether a cop should be immune from having to personally pay for misbehavior on the job all belong to the same system, all cronies with a vested interest in protecting the police and their infamous code of silence: city and county attorneys, police commissioners, city councils and judges.

R is for ROADSIDE STRIP SEARCHES and BLOOD DRAWS. The courts have increasingly erred on the side of giving government officials—especially the police—vast discretion in carrying out strip searches, blood draws and even anal and vaginal probes for a broad range of violations, no matter how minor the offense. In the past, strip searches were resorted to only in exceptional circumstances where police were confident that a serious crime was in progress. In recent years, however, strip searches have become routine operating procedures in which everyone is rendered a suspect and, as such, is subjected to treatment once reserved for only the most serious of criminals.

S is for the SURVEILLANCE STATE. On any given day, the average American going about his daily business will be monitored, surveilled, spied on and tracked in more than 20 different ways, by both government and corporate eyes and ears. A byproduct of the electronic concentration camp in which we live, whether you’re walking through a store, driving your car, checking email, or talking to friends and family on the phone, you can be sure that some government agency, whether the NSA or some other entity, is listening in and tracking your behavior. This doesn’t even begin to touch on the corporate trackers that monitor your purchases, web browsing, Facebook posts and other activities taking place in the cyber sphere.

T is for TASERS. Nonlethal weapons such as tasers, stun guns, rubber pellets and the like have been used by police as weapons of compliance more often and with less restraint—even against women and children—and in some instances, even causing death. These “nonlethal” weapons also enable police to aggress with the push of a button, making the potential for overblown confrontations over minor incidents that much more likely. A Taser Shockwave, for instance, can electrocute a crowd of people at the touch of a button.

U is for UNARMED CITIZENS SHOT BY POLICE. No longer is it unusual to hear about incidents in which police shoot unarmed individuals first and ask questions later, often attributed to a fear for their safety. Yet the fatality rate of on-duty patrol officers is reportedly far lower than many other professions, including construction, logging, fishing, truck driving, and even trash collection.

V is for OPERATION VIGILANT EAGLE. One of several government initiatives dating back to 2009 that call for heightened scrutiny of those who challenge the government’s authority, this particular program calls for surveillance of military veterans, characterizing them as extremists and potential domestic terrorist threats because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.” Coupled with a report that defines extremists as individuals and groups “that are mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely,” these tactics bode ill for anyone seen as opposing the government.

W is for WHOLE-BODY SCANNERS. Using either x-ray radiation or radio waves, scanning devices and government mobile units are being used not only to “see” through your clothes but to spy on you within the privacy of your home. While these mobile scanners are being sold to the American public as necessary security and safety measures, we can ill afford to forget that such systems are rife with the potential for abuse, not only by government bureaucrats but by the technicians employed to operate them.

X is for X-KEYSCORE, one of the many spying programs carried out by the National Security Agency that targets every person in the United States who uses a computer or phone. This top-secret program “allows analysts to search with no prior authorization through vast databases containing emails, online chats and the browsing histories of millions of individuals.”

Y is for YOU-NESS. Using your face, mannerisms, social media and “you-ness” against you, you are now be tracked based on what you buy, where you go, what you do in public, and how you do what you do. Facial recognition software promises to create a society in which every individual who steps out into public is tracked and recorded as they go about their daily business. The goal is for government agents to be able to scan a crowd of people and instantaneously identify all of the individuals present. Facial recognition programs are being rolled out in states all across the country.

Z is for ZERO TOLERANCE. We have moved into a new paradigm in which young people are increasingly viewed as suspects and treated as criminals by school officials and law enforcement alike, often for engaging in little more than childish behavior or for saying the “wrong” word. In some jurisdictions, students have also been penalized under school zero tolerance policies for such inane "crimes" as carrying cough drops, wearing black lipstick, bringing nail clippers to school, using Listerine or Scope, and carrying fold-out combs that resemble switchblades. The lesson being taught to our youngest—and most impressionable—citizens is this: in the American police state, you’re either a prisoner (shackled, controlled, monitored, ordered about, limited in what you can do and say, your life not your own) or a prison bureaucrat (politician, police officer, judge, jailer, spy, profiteer, etc.).

None of these dangers have dissipated in any way, and yet suddenly, no one seems to be talking about any of the egregious governmental abuses that are still wreaking havoc on our freedoms: police shootings of unarmed individuals, invasive surveillance, roadside blood draws, roadside strip searches, SWAT team raids gone awry, the military industrial complex’s costly wars, pork barrel spending, pre-crime laws, civil asset forfeiture, fusion centers, militarization, armed drones, smart policing carried out by AI robots, courts that march in lockstep with the police state, schools that function as indoctrination centers, bureaucrats that keep the Deep State in power.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, this is how freedom dies.

If there is any means left to us for thwarting the government in its relentless march towards outright dictatorship, it may rest with the Tenth Amendment, which affirms that “we the people” (in the form of juries and local governments) have the power to invalidate governmental laws, tactics and policies that are illegitimate, egregious or blatantly unconstitutional.

Nullify everything.

Nullify the court cases. Nullify the laws. Nullify everything the government does that flies in the face of the Constitution.

It’s time to rein in our runaway government, reclaim our freedoms, and restore justice in America.

Tyler Durden Wed, 05/01/2024 - 16:30