GOV/MIL Main "Great Reset" Thread

marsh

On TB every waking moment

Japan Spent $20 Billion In Its Intervention To Support Yen​


SUNDAY, OCT 02, 2022 - 07:30 PM

One week ago, when the BOJ stunned the world in becoming the first central bank to step in and prevent currency collapse (just days before the BOE become the second one) through a massive open-market intervention - the first of its kind in 24 years - we asked "How many tens of billions $ did the BOJ just sell"

On Friday we learned the answer: according to Reuters, Japan's government spent up to 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for intervention.

The figure was just slightly less than the 3.6 trillion yen estimated by a small number of Tokyo money market brokers for Japan's first dollar-selling, yen-buying intervention in 24 years to halt the currency's historic collapse (which we predicted would happen back in March in "Yen At Risk Of "Explosive" Downward Spiral With Kuroda Trapped... And Why China May Soon Devalue").

While the ministry's figure may have been below some market estimates, it is viewed as having been used entirely for the Sept. 22 intervention and would surpass the previous record for dollar-selling, yen-buying intervention in 1998 of 2.62 trillion yen. Confirmation on the dates of the spending will be released in November.

The intervention, conducted after the yen slumped to a 24-year low of nearly 146 to the dollar, triggered a sharp bounce of more than 5 yen per dollar from that low, although the currency has since drifted down again to just shy of 145, effectively wiping out most of the intervention, and while the 145 level, viewed as the BOJ's redline has held so far, it is only a matter of time before it is breached again... and again.... at which point Kuroda will capitulate and move his redline to 150 or worse.



Japan held roughly $1.3 trillion in reserves (mostly in the form of US Treasuries), the second biggest after China, of which $135.5 billion was held as deposits parked with foreign central banks and the Bank for International Settlements (BIS), according to foreign reserves data released on Sept. 7. Those deposits can easily be tapped to finance further dollar-selling, yen-buying intervention.

"Even if it were to intervene again, Japan likely won't have to sell U.S. Treasury bills and instead tap this deposit for the time being," said Izuru Kato, chief economist at Totan Research, a think-tank arm of a major money market brokerage firm in Tokyo.

But if the deposits dry up, Japan would need to dip into its securities holdings sized around $1.04 trillion, at which point every intervention would send US yields sharply higher.

Of the main types of foreign assets Japan holds, deposits and securities are the most liquid and can be converted into cash immediately.

Other holdings include gold, reserves at the International Monetary Fund (IMF) and IMF special drawing rights (SDRs), although procuring dollar funds from these assets would take time.

^^^
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marsh

On TB every waking moment

"Treasury Market Breakdown Is At Risk": Fed Markets Guru Has A Scary Warning For Powell​

SUNDAY, OCT 02, 2022 - 07:55 PM
Well, it finally happened: what we've been warning for the past year, namely that the Fed's aggressive rate hikes will break something...

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...did in fact break something, actually quite a few somethings: first the BOJ, then the BOE (just maybe Credit Suisse), and as Bloomberg's Garfield Reynold writes, Treasury 10-year yields are surging relentlessly higher in a way rarely seen, as they have "finally" realized the Fed's resolve to tame inflation.

They just climbed for a 9th-straight week, the longest such streak since early 1994, jumping 1.18 percentage points in that time. That bond sell-off is only the most savage move since the April-May rout that sent yields up 1.4 points in a nine-week span, but its persistence is noticeable. The message is that the bond market has finally realized just how determined the Fed is about raising and raising and raising interest rates to contain and then cool inflation.

You see, the problem is not the tightening itself: a slow, methodical, gradual hike by the Fed would be more than welcome to offset over a decade of catastrophic monetary policy which saw QE and ZIRP (as well as NIRP) become the law of the land. The problem, as Kumal Sri Kumar noted correctly, is that what the Fed is trying to do - in response to Biden's constant proddings, with the White House desperate to undo 14 years of excesses in a few weeks - is equivalent to a patient hoping to undo more than a decade of weight gain by stopping eating altogether in hopes of losing all the weight in a few days. The result is always one and the same and it's always tragic. And yet, looking at Reynold's chart, 10Y TSYs have gone on a crash diet and haven't eaten for a near record 9 weeks, so to speak.



And amid this unprecedented food deprivation prompted by the Fed's hyper-aggressive tightening path, it's no longer just us warning that something will break, especially after both the BOJ and BOE broke: in just the past weeks virtually every economist and strategist has joined in the chorus, culminating on Friday with Bank of America's credit team which warned that the bank's proprietary Credit Stress Indicator (CSI) jumped 4 pts on the week to close at 74th %ile, exceeding the June peak of 71 and entering the "critical zone" (north of 75) beyond which the risk the of credit market dysfunction rises exponentially.

While its warning was ominous, BofA's conclusion is that it's not yet too late to avoid a catastrophic outcome: as the bank's credit strategists said, it is imperative for the Fed to slow down the pace of rate hikes in "immediate upcoming meetings" to wit:

This means slower pace of rate hikes at immediate upcoming meetings and a potential pause subsequently, to allow the economy to fully adjust to all the extreme tightening already implemented, but still working its way through the financial system’s plumbing. Failure to do so raises the risk of credit market dysfunction, which, if occurred, would be difficult to contain and fix.

But while few are expected to read a late Friday note from BofA's credit team (available to pro subs here), everyone - at least those who pretend to be in control - will read what the Fed's mouthpiece, Nick Timiraos, tweeted on Saturday, when he pointed to the latest blog by Greg Mankiw who "endorsed" Paul Krugman's view that "the Fed might be tightening policy too aggressively."

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Coming from Timiraos, who as everyone knows by now is Powell's media voice, practically signals that the Fed chair himself is telegraphing that he made another mistake, first by waiting too long to hike (because "inflation is transitory") and then tightening too fast.

But what if the Timiraos tweet is just a fluke, and what if contrary to a rising number of indications, Powell has no intention of slowing down, what happens then? Well, besides the countless observations we have already made, today we highlight a brand new one, and this one comes from the very top: no not Powell, or Biden, or some Klaus Schwab-fellating, private jet-flying "environmentalist" - we are talking about the man that tells the Fed what to do - just as he did weeks before the Fed was forced to start "NOT QE" in 2019...



... just as he did three days before the Fed stared buying corporate bonds in March 2020, when we flagged his research predicting just that outcome generating massive profits to those who read and acted upon his insight), and the man that even Zoltan Pozsar listens to - we are of course talking about former NY Fed analyst and current BofA rates guru Mark Cabana, who just like his credit peers at BofA, had a rather timely note sent out late on Friday, in which he makes a not too subtle point: unless something changes, and liquidity in the Treasury market isn't promptly refilled, then forget credit, it's the world's biggest and most important market that is about to break.

Below we excerpt the key sections from Cabana's note, which centers around the biggest question in finance: will the Fed pivot (i.e., pull a BOE), and when?

Well, as Cabana answers, the "Fed could follow BoE" if not for any other reason than US Treasuries, "are fragile, breakdown is risk." Here are the details:

Last week we discussed the rates market "impossible trinity" of
  1. high debt loads / unsustainable fiscal policies
  2. restrictive regulations
  3. markets free from CB intervention / asset purchases.
The rates market can’t have all 3 at the same time. This “impossible trinity” concept was proven true sooner than we thought with the BoE rates market intervention this week.

Cabana then says that "clients have asked if the Fed could follow suit." His response: "yes, in extreme stress" a situation which is fast approaching because as "the Fed wants to blindly pursue its quest to get inflation down but deteriorating market functioning or frozen credit could push them to intervene."

Cabana then briefly pivots to a topic we covered previously, namely his conviction that QT will end far sooner than the market, and the Fed of course, expect, then progressing to the topic of growing TSY illiquidity which is a direct byproduct of the Fed's current policy error, the hyper-fast tightening:

We have long argued Fed QT would stop under one of 3 conditions: (1) reserve scarcity, likely in late ’24 (2) recession & Fed rate cuts (3) market functioning breakdown. QT stop with recession seems most likely but market functioning breakdown risk has grown. The risk of UST market functioning breakdown has grown due to:

Limited risk taking: the Fed wants higher rates but does not know where to stop. Rates investors have heard the Fed message and are short / underweight duration. Speculative investor positioning remains at near historic shorts (Exhibit 4). Rates investors won’t shift positioning long until (1) data softens (2) Fed pivots. Until positioning shifts, there is a demand vacuum where USTs lose their risk off hedge value.



Weak UST demand: most common ’22 client question = “who will buy the bonds?” Our prior work suggests asset managers must step in to offset lack of UST buying from banks / foreigners / Fed. Asset manager UST risk taking willingness is limited; they know central bankers want rates higher & won’t fight the Fed. This backdrop supports limited demand & creates potential for rates to re-price higher.

Limited risk taking & UST demand vacuum resulted in a deterioration of rates liquidity. UST order book depth has dried up notably: depth in 2y notes are at March ‘20 lows, 5y+ tenors are not far from it. Realized & implied volatility is at post GFC highs.



Policy makers have not helped to support liquidity. The Fed can’t offer credible rate forward guidance. Treasury won’t adjust issuance to address acute supply / demand imbalances on the curve (front end = demand > supply, back end = supply > demand). Practical steps like liquidity providing UST buybacks are far in the future. Policy makers assume the UST market will always be liquid, it won’t; liquidity is a privilege, not a right.

Understandably, in a world in which the (formerly) most liquid instrument suffers a sudden sharp collapse in liquidity, the outcome should be rather straightforward, and if it isn't, Cabana frames it just in case: "UST breakdown is a growing risk." He explains further:

Thin UST liquidity & limited demand may make the US market vulnerable to a market functioning breakdown, similar to UK. UST breakdown catalyst is unclear but could include: large scale foreign FX intervention to weaken USD / sell USTs, US fiscal shock in Nov with surprising D Congress hold, higher spending for natural disasters, etc.

Cabana predicts that the coming Treasury market breakdown would likely be similar to March ’20 "where back end rates rapidly re-set higher & investors stay sidelined despite attractive yields." Of course, such an unanchored Treasury back end "would have rapid spillover effects into other markets; IG issuance will halt (similar to HY), credit creation will slow, bank funding will tighten." Think credit market collapse on steroids, and this time not due to covid but as a result of the Fed's own catastrophic actions. The silver lining: "An unanchored UST market may be fastest & most disruptive way to tighten conditions & lower inflation" according to Cabana; of course, a broken Treasury market would have far more terrifying and catastrophic consequences than just "lower inflation" - it would destroy the US, and western economy, overnight.

Here's how the next TSY crash would look like:

A true UST back end market breakdown would likely require large scale forced selling, akin to UK pension margin calls. Forced selling would risk exacerbating rate market moves amidst insufficient liquidity. We are unsure where this forced selling might come from today but see mutual fund outflows as a risk. Margin calls also inevitably increase in highly volatile markets.

And while Cabana says that "A UST breakdown is not our base case" - of course, he would never make such a dire, catastrophic prediction his base case while employed at a major bank - it would be seen as one of the most erudite rates strategist shouting fire in a crowded theater, and sparking a bond market crash in minutes - until it is effectively the case, "but it is a growing risk" he adds.

So what could, or should, the Fed do to avoid such a catastrophic consequence?

Well, naturally, the Fed will never tolerate a UST market breakdown, similar to the BoE. And yes, the Fed will promptly capitulate on its inflation-fighting quest if the alternative is a complete collapse of US bond, and therefore capital, markets no matter how much some bears want to believe that the Fed will just sit there and do nothing until CPI prints 0% even as economic mushroom clouds scatter across the landscape. As Cabana counters, Fed officials are aware of the rapid & negative spillover effects from an unanchored UST market especially for credit creation, i.e., the beating heart of the economy.

Or as one of the most respected Fed watchers puts it "The Fed wants to slow the economy, not have it come to a crashing halt."

What happens then? Well, it's not exactly rocket surgery, but since some are still confused, Cabana explains:

The Fed would likely fix a UST market functioning breakdown by buying bonds. Fed QE would run counter to its aim of tighter fin conditions & slower inflation. Therefore, we might guess any rate market intervention would be sterilized: the Fed could twist again.

We expect that any UST market breakdown & Fed intervention would be concentrated at the back end of the curve, not the front end. The back end has the most duration risk, most volatility, & least risk taking willingness. A Fed that needs to support the back end via asset purchases would likely seek to offset it via front end sales or runoff. The Fed might also aim for any twist to be duration neutral to avoid easing conditions.

Fed intervention sterilized at the UST front end would likely be met with strong demand. The Fed has nearly $1.25tn of UST holdings maturing in <1Y, including $315b bills. Any front end sales would likely be offset with strong front end investor demand, including the $2.4tn at ON RRP. The Fed could help the acute US rates supply / demand imbalance Treasury has been unwilling to do via its issuance decisions.

You got it: it's almost Chubby Checker time...

View: https://youtu.be/eh8eb_ACLl8
2:27 min

... or as we have also said for the past year: the Fed may still be hiking rates, even as it resumes buying bonds (sterilized at first, similar to the NOT QE phase in Sept 2019, then going all in again and buying pretty much anything).

Incidentally, Cabana is not the first one to warn the world that the "Twist" is coming: on Friday it was his fellow Bank of America, Michael Hartnett who wrote that the Fed started the original 'Yield Curve Control' Operation Twist just 4 months after Pearl Harbor (April’42) to help fund war and keep interest rates flat. Expect no less during this war.

Don't believe us? Here again is the former NY Fed Markets Group officer (i.e., the guy tasked with implementing QE):

The rates market “impossible trinity” & UST breakdown risk remind that (1) Fed is buyer of last resort (2) monetary policy may be increasingly implemented at back end. Elevated debt burdens & fragile market functioning may push central banks to control economic & financial conditions by buying more or less long dated bonds (vs adjusting overnight rates). Central banks may be forced into YCC due to too much debt & restrictive regs.

And while there is much more in the full must-read note, Cabana's conclusion is relatively straight-forward, and echoes that of his credit strategy coworker Oleg Melentyeb who reached the same conclusion, if only not in the context of rates but credit:

"UST market functioning breakdown is a growing risk & may see long-end duration sell-off + curve bear steepen. The Fed is unlikely to tolerate a UST market functioning breakdown for long; if the UST market doesn’t work, broader markets likely don’t work. Fed intervention would likely mean a flatter curve as long end purchases support market functioning but are sterilized via twist and / or offset with rate hikes."

The last time Cabana warned that a Twist was coming was August 2019 (we wrote about it in "Forget China, The Fed Has A Much Bigger Problem On Its Hands"). His prediction was mocked then... until the Fed launched the "Twisting" NOT QE some 4 weeks later when the repo market imploded. How long until Cabana is proven correct again this time?
 

marsh

On TB every waking moment
THESE stories show how the far-left is CODIFYING HATRED 5:24 min

THESE stories show how the far-left is CODIFYING HATRED​

Glenn Beck Published October 2, 2022

Do you want to live in a country that’s codifying hatred? That’s what this election is about, Glenn says, because our country is becoming more divided by the second. In this clip, Glenn shares several stories — from a political debate gone wrong to recent comments made by Hillary Clinton — that show how much danger currently faces our republic.
 

marsh

On TB every waking moment

Will the Collapse of Credit Suisse Be Europe’s “Lehman Brothers Moment”?

by Michael Snyder October 2, 2022 in Opinions

Credit Suisse
The parallels between 2008 and 2022 just keep getting stronger. 14 years ago, the collapse of Lehman Brothers sent a massive wave of panic through global financial markets and is widely considered to be the key event that plunged us into a horrifying financial crisis that we still talk about to this day. Well, now an even larger bank appears to be on the brink of collapse, and analysts all over the world are deeply concerned about what that will mean for the global financial system if it does fail.

Right now, Credit Suisse is one of the most important banks in the entire world. If you are not familiar with Credit Suisse, the following is some good background information that comes from Wikipedia…

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global “Bulge Bracket” banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also primary dealer and Forex counterparty of the FED .

Credit Suisse is truly one of the central hubs of the entire international banking system.

If it were to fail, the ripple effects would be felt very deeply in literally every nation on the planet.

Unfortunately, it is being reported that Credit Suisse could be “on the verge of collapse” and we are being warned that if it does collapse it could cause “a shock similar to that caused by the bankruptcy of the U.S. bank Lehman Brothers in September 2008”…

Speculation surrounding the future of the Swiss banking giant has been going on for several months in the markets, in business and political circles, as well as on social networks.

The No. 2 Swiss bank and one of the largest banks in the world is in deep trouble and is currently fighting for its survival. A negative outcome is likely to cause a shock similar to that caused by the bankruptcy of the U.S. bank Lehman Brothers in September 2008. This event triggered one of the most serious financial and economic crises since the Great Depression.

When Lehman Brothers collapsed in 2008, it had 639 billion dollars in assets.

In late 2022, Credit Suisse currently has 1.5 trillion dollars of assets under management.

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The collapse of Credit Suisse would create a wave of panic that would be unlike anything that we have seen since the last financial crisis.

But new CEO Ulrich Koerner insists that everything is just fine…

There has been plenty of movement around Credit Suisse over the weekend. On Friday, CEO Ulrich Koerner sent around a memo saying that the bank had a “strong capital base and liquidity position”, whilst senior executives spent their weekend doing their best to reassure large clients, counterparties and investors, according to the Financial Times.

The memo from the CEO also noted that the bank was at a “critical moment” as it prepares for a restructuring, the details of which are the be revealed on October 27. Expectations are that some 5000 jobs could be cut, with assets sold off. Some analysts are saying it won’t be enough, however. According to a Bloomberg report, Credit Suisse is estimated to need a further $4 billion Swiss francs even after asset sales, to fund the restructuring, with a capital raise touted as the most likely option.

Are the markets buying what Koerner is selling?

Nope.

Credit Suisse credit default swaps just keep going the wrong direction, and that means that investors are starting to get really, really nervous…

Credit Suisse’s Credit Default Swaps, or CDS, a derivative instrument that allows an investor to swap their credit risk with another investor, surged on Friday, reflecting the market perception of increasing risk. It is now approaching the highs seen during the 2008 financial crisis, which saw U.S. investment bank Lehman Brothers go bankrupt.

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At this point, just about everyone can smell blood.

And it certainly isn’t going to take much to set off widespread hysteria.

View: https://twitter.com/i/status/1576336458256109568
.34 min

This is such an ominous time for Europe. The EU is heading into the worst energy crisis that it has ever experienced, the bond market is starting to go bonkers, and now giant financial institutions such as Credit Suisse are being greatly shaken.

Martin Armstrong was recently interviewed by Greg Hunter, and he boldly declared that a “crisis in banking will start in Europe”…

So, could Europe suck the rest of the world down the tubes? Armstrong says, “Oh, absolutely. Europe is the problem. . . . The crisis in banking will start in Europe. . . . The debt is collapsing. They have no way to sustain themselves. The debt market over there is undermining the stability of all the banks. You have to understand that reserves are tied to government debt, and this is the perfect storm. Yes, the (U.S.) stock market will go down short term. We are not facing a 1929 event or a 90% fall here. . . . Europeans, probably by January of 2023, as this crisis in Ukraine escalates, anybody with half a brain is going to take whatever money they have and get it over here.”

I am not as optimistic about U.S. financial markets as Armstrong seems to be.

Yes, Europe is currently in worse shape, but things are starting to unravel quite rapidly here too.

In fact, we just witnessed the worst month for U.S. stocks since the very early days of the pandemic…

September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when pandemic lockdowns started in the United States. The index ended Friday deeply in the red, too.

Overall, this is the very first time that the Dow Jones Industrial Average has been down for three quarters in a row since 2015.

And it is the very first time that the S&P 500 and the Nasdaq have been down for three quarters in a row since 2009.

A lot of people out there still seem to think that things will “return to normal” very soon, and unfortunately all of those people are very wrong.

The truth is that we are right on the precipice of the sort of historic meltdown that I have been relentlessly warning was coming.

Our leaders kicked the can down the road for a long time, but now they are running out of road.

A day of reckoning has arrived for Europe, and soon a day of reckoning will arrive for us as well.

So buckle your seatbelts, because we are in for a very bumpy ride.
 

marsh

On TB every waking moment

Rumors: Too Big to Fail Banks on the Brink of Collapse​

M Dowling
October 2, 2022

Credit Suisse and Deutsche Bank are reportedly on the verge of collapse. They have 2.7 trillion in assets under management between them. It’s three times the assets of Lehman at the time of the collapse.

On 15 September 2008, Lehman Brothers, a bank considered ‘too big to fail,’ filed for insolvency. It was the single largest bankruptcy filing in the history of the US. At the time, the bank had $639 billion in assets and $619 billion in debt.

Credit Suisse and Deutsche Bank are too big to fail. Some say Deutsche Bank will be okay, but Credit Suisse is the one that is in big trouble.

Trading View Engineer Rajat Kumar Singh writes:​

If the banks can’t pay off their debts i.e., they become insolvent and have to sell off their assets.

If the prices of these assets fall below a certain level, the other banks too will have to start selling to avoid the forceful margin calls on their positions.
This massive deleveraging event will create a domino effect due to mass selling, and this economic crisis will spread from one market/region to another, known as Contagion.

The German government might move to save Deutsche because it’s the biggest bank in Germany. But the size of the bailout is a matter of concern.

SMH.Au writes:​

Credit Suisse’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time.

The cost of insuring the firm’s bonds against default climbed about 15 per cent last week to levels not seen since 2009 as the shares touched a new record low. Chief executive officer Ulrich Koerner reassured staff that the bank has a “strong capital base and liquidity position” and told employees that he will be sending them regular updates until the firm announces a new strategic plan on October 27. Koerner said the bank is facing a “critical moment.”

Sweeping changes are coming. Credit Suisse will have to go through a painful restructuring. Deutsche Bank is already delivering and is benefitting from interest rate tailwinds.

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marsh

On TB every waking moment

‘Senile’ Joe Biden is bringing shame to the United States​

Miranda Devine
October 2, 2022 10:46pm

President Biden's frequent mental gaffes are bringing shame to the whole country.

Joe Biden’s cognitive deficits are increasingly apparent, even to the most amateur observer.

Whether or not he has dementia at this point is immaterial. Half the world thinks he does and that weakens the United States and imperils us all.

Whether he is falling up the stairs of Air Force One or falling off a stationary bike, whether he is wandering around on stage in a fog or clutching cheat sheets designed for a 4-year-old, whether he is shouting incoherently or whispering creepily, the optics are shocking.

With his 80th birthday approaching next month, even if most Americans are too polite or willfully unobservant to say so, it’s clear that Biden is not up to the world’s most difficult job.

He projects weakness and folly at a time of international turmoil. Disrespect for the president echoes around the world, among allies and enemies alike.

Even when he went to London last month for the queen’s funeral, people were filmed yelling, “Let’s Go Brandon,” at his passing limousine. He and First Lady Jill Biden arrived late to Westminster Abbey and, after they were ushered to the cheap seats 14 rows back, he was mocked for playing with his tongue during the service.

It’s criminal that the Democratic Party has placed America in such an invidious position with an emotionally febrile part-time president who appears not to be all there an awful lot — either in his mind or at the White House. The least they could do is cover up his deficits more skillfully.

Last week, at a press conference, much was made of his calling out for recently deceased congresswoman Rep. Jackie Walorski.

“Jackie, are you here?” he said. “Where’s Jackie?” he continued, looking around the startled room. “I think she wasn’t going to be here.”

Well, no, because she died in August, as he should have remembered since he issued a long public condolence letter after her death in a car crash, and the conference he was speaking at was partly in honor of her memory, with a film montage of her life due to be played.

The memory lapse would likely have passed unnoticed, like so many of Biden’s oopsies, except for some reason the White House Press corps decided they had had enough of being gaslit about the president’s mental fitness.

Joe Biden and Kamala Harris flopping worldwide​

“What happened here?” reporters asked of the flummoxed White House Press Secretary Karine Jean-Pierre, who only had one glib talking point prepared, which she repeated over and over: Walorski “was on his mind — she was top of mind.” But the answer cleared up nothing.

“Was the president confused?” asked one reporter. “Was something written in the teleprompter that he didn’t recognize? Help us explain what happened here?”

Another reporter asked, “Why, if she and the family is top of mind, does the president think she’s living, and in the room?”

Yet another pointed out, “I have John Lennon top of mind just about every day, but I’m not looking around for the man.”

No satisfactory answer was forthcoming, and how could there be?
There is no explanation for how anyone of sound mind could make such a bungle.

Pity the president​

The late congresswoman’s brother, Keith Walorski, handled the “big mess-up” with compassion: “All I’m saying right now about the president is bless his heart for trying,” he told reporters, adding that Biden is “doing the best he can do with what he’s got right now . . . I just feel sorry for him.”

Ouch. That is the decent response, although it is no good for the president of the free world to be an object of pity.

As dishonest and destructive as Biden has been, it’s hard to see an elderly man humiliating himself every day while the White House continues to pretend there is nothing to see and the media pretends he is a serious candidate for 2024.

Saturday night, Biden dressed up in a bow tie to deliver another angry speech railing against his “semi-fascist” political opponents to a Congressional Black Caucus dinner in Washington: “I know I’m being banged up by the Republicans, but come bring it on,” he snarled.

“Hate will not prevail in America,” he bellowed later, warning to his favorite imaginary topic. “White supremacy will not have the last word.”

How many more times must we endure these spiteful outbursts from a president who promised to unite the country?

How much longer must we cringe as he reads “end of quote, repeat the line” off the teleprompter?

How many times must we wince as he ad-libs recklessly in a speech about international tinderboxes, like Russia, Ukraine, the NordStream pipeline, or Taiwan?

How much longer must we watch him wandering around lost on stage after giving a speech, appearing to shake imaginary hands or gesture to invisible staff?

The embarrassment is not just for a 79-year-old career politician who needs cue cards to tell him when to stand and where to sit and what to write in a condolence book. It’s for every American.

When Biden went to Israel in the summer, he stumbled off Air Force One asking, “What am I doing now?”, had to be steered onto the red carpet and then accidentally waxed lyrical about the “honor” of the Holocaust.

“The truth is that it’s not Biden who is senile, all of America is senile,” was the conclusion of Israeli newspaper Haaretz.

Who’s to blame​

It is at least a staff failure that Biden is left to wander around confused in front of the cameras. Why isn’t a minder always at his side to subtly steer him off stage?

He keeps looking to Secret Service agents to step in and guide him. But it’s not their job to play nursemaid.

It’s also a wife failure. Dr Jill ought to be saving her husband’s dignity, but she always looks out of sorts when she is in place to perform the role, whether it’s telling him what direction to walk in the Rose Garden or helping him put on a jacket at the airport.

It’s not easy, as anyone knows who has experienced the aging of a loved one. But Nancy Reagan would never have allowed her husband to be repeatedly humiliated in public.

At stake is the nation’s honor, at least.
 

marsh

On TB every waking moment

The UN, WEF, and Bill Gates are Really Trying to Starve Us into Submission

by Dr. Jay Lehr | Oct 2, 2022 | Global, Politics

Awake everyone, the evil folks behind the Communist takeover of the world have put a plan in place to starve us all into submission, but we will defeat Bill Gates and his tyrannical forces in the end.

Do not doubt that there is now underway a global war on farming. How better to bring the population to its knees than cutting off its food supply? Better even than energy shortages that are already long underway. The World Economic Forum led by Klaus Schwab, the author of the Great Reset, the United Nations led by Antonio Gutierrez, and a phalanx of truly evil-doers none worse than Bill Gates, controller of the World Health Organization in concert with the Chinese Communist Party.

Neither the WEF nor the Rockefeller Foundation responded to requests for comment on their role in Agenda 2030 and on the agricultural policies being pursued around the world.

Other organizations and entities involved in the push include powerful tax-exempt foundations such as the Gates Foundation, the EU-style regional governments proliferating worldwide, and various groups funded by them.

All over the globe, UN SDG-aligned government policies are squeezing farmers-especially smaller, independent producers unable to absorb the added costs of added regulation and control.

He was celebrating UN sustainability ideas, recently ousted Sri Lankan President Gotabaya Rajapaksa announced at the UN COP 26 climate summit in 2021 that his government was banning chemical fertilizers and pesticides.

Sri Lanka recently restricted the imports of chemicals, fertilizers, and pesticides, which include herbicides, to control weeds due to public health concerns, water contamination, soil degradation, and biodiversity impacts, Rajapaksa told world leaders, to widespread acclaim, as starvation swept the Island Nation. There is joy among these monsters as they see their populations suffer.

Although opposed by entrenched lobbies, this has created opportunities for innovation and investment into organic agriculture that will be healthier and more sustainable in the future as yields shrink massively and more people starve.

Even though these draconian measures were rapidly rolled back, the policies produced catastrophic food shortages, widespread hunger, and eventually a popular revolt that ousted the president and his government. But these disasters will be widely repeated before the evil; tyrannical leaders can be unseated.

In 2019 the socialist Sri Lanka government partnered with the UN to establish the UN Global Nitrogen Campaign, which promotes the UN-backed policies on nitrogen that are now proliferating worldwide.

In the Netherland headquarters for the WEF Food Innovation Hub, secretariat authorities are imposing nitrogen policies that are expected to decimate the nation’s highly productive agricultural sector. The plans also include widespread expropriation of farms. A once free nation is all but becoming a prison camp.

The expropriation plans of the cabinet are a downright declaration of war on the agriculture sector, said Dutch member of Parliament Gideon van Meijeren of the Forum for Democracy Party, as cited by De Dagelijkse Standard. Under false pretenses, farmers are being robbed of their land, centuries-old farms are being demolished, and farmers’ families are being totally destroyed.

Experts warned of dangerous consequences from such sustainability policies, including food shortages, skyrocketing prices, social unrest, etc. You can glimpse the green sustainable future by beholding Holland and Sri Lanka now, Bonner Cohen, a senior fellow at the National Center for Public Policy Research, told the Epoch Times.

And yet the plan is spreading rapidly. Canadian federal authorities recently announced similar fertilizers and nitrogen restrictions after energy production restrictions were put in place, sparking outrage from provincial officials and farmers.

Various government entities in Ireland, the United Kingdom, and other European nations are also working to slash agricultural production under sustainability programs. This is not crazy or insane, or wrongheaded. It is a perfect plan to subjugate a population under the thumb of megalomaniac government power-mad individuals.

Aside from continuing with policies that pay farmers not to grow food, the Biden Administration seeks to impose WEF-backed policies such as ESG and reporting on companies through the US Securities and Exchange Commission.

Farm associations and more than 100 members of Congress argue that the plan would bankrupt owners of small and medium-sized farms unable to comply with climate reporting requirements to do business with public firms even as the world moves toward widespread food shortages.

In part, experts say the insistence on these sorts of policies is because those imposing are largely insulated from the damage they are causing.

Global elites in government, trans-national organizations, and corporate boardrooms – well represented in the WEF are so caught up in their climate virtue signaling from which many hope to benefit financially through investments in green energy they are slow to notice that they are completely detached from reality said National Center for Public Policy Research’s Cohen who specializes in environmental issues.

Few of those imposing regulations on farmers have ever set foot on a farm. By virtue of the power and wealth, these people already have, they are shielded from the consequences of misguided policies they impose on the rest of the world. That burden is borne by ordinary people around the world, about whom the Davos crowd and their partners in crime know nothing.

According to Sterling Burnett, who holds a doctorate in environmental ethics and leads The Heartland Institute’s Center, Sri Lanka’s disaster offered a review of what will happen to the United States and Europe if policymakers continue to follow the UN sustainability plan on Climate and Environmental Policy.

‘It’s not a war on farming; it’s a war on small agriculture and independent farmers, he told Epoch Times. It’s a war in support of elite large-scale agricultural industries.

Even though the UN SDGs speak of helping small-scale food production, Burnett argued that independent farms and ranches are in the cross hairs to help consolidate control of the food supply.

He said that policymakers are in the pocket of primary corporate interests, including Conagra, Blackrock, State Street, Vanguard, and others. They would just as soon have all their small competitors put out of business.” He said, echoing concerns expressed by numerous other experts. Blackrock CEO Larry Fink, whose firm manages more money than any other company in the world, wants to impose his values on companies using other people’s money, Burnett said.

Fink, who serves on the board of the influential Council on Foreign Relations and works closely with WEF, is a crucial architect of the push to impose environmental, social, and governance requirements on US companies. This is the super-rich forcing their values on the rest of us, said Burnett pointing to those he says are happy to work with communities on the effort.

As far as The World Economic Forum is concerned, he said you couldn’t have a Great Reset as long as you don’t reset the food supply because food is necessary to everybody. Stalin recognized this. Whoever controls the food supply controls the people, and it’s the same with energy.

As prices soar and farmers go bankrupt, major corporations in league with governments and international organizations will pick up the pieces.

In the meantime, as seen recently in Sri Lanka, hungry people are being pushed to the brink and are likely to react. People were not starving on January 6, said Burnett referring to the protest and breach at the US Capitol. The supply chain crisis is happening! Shelves are already empty, and people will not sit around and do nothing when people are hungry.

American Policy Center Founder Tom De Weese a leading expert and critic of UN notions of sustainability, warned that the war on farmers was part of a broader plan to strip people of freedom. Always in the past, when tyrannical forces wanted to rule the world, they built armies and invaded. They destroyed a lot of property, killed a lot of people, and forced subjugation on the rest; De Weese told Epoch Times. We are now dealing with a more diabolical force that has figured out a way to get us to surrender our liberties and help them subjugate us voluntarily.

He said the threat is Environmental Armageddon, pointing to the climate change narratives as the prime example. What else could be a more powerful tool?

The end goal of the efforts is to reduce the sovereignty of both individual nations and people, said Craig Rucker, President of the Committee for a Constructive Tomorrow (CFACT), a public policy organization specializing in environmental issues.

Citing numerous UN officials and documents, DeWeese says the plan isn’t to save the climate but to transform the planet and centralize control over the populace. Aside from the UN and the WEF, major companies such as Vanguard and Blackrock are working to take over and control the food supply, he said.

Already a handful of companies in which those two investment firms are top shareholders dominate the global food supply and beverage industry. By taking over farming, they will control it all.

The goal is to take control over food production, noting that they seek to own all seeds and even grow synthetic meat in facilities already backed financially by Bill Gates and other billionaires. Genetically engineered crops are high on the agenda also.

The UN and the WEF, and others are also moving forward with promoting insects and weeds as food. Across the western world, insect protein production facilities are popping up rapidly, but it gets ever darker. De Weese says that if people are starving, they are much easier to subjugate, adding that depopulation and control over humanity have been on the agenda of global elites for decades.

The war on farmers also comes amid what critics have described as a government-backed war on energy affecting agriculture and virtually every other sector.

This includes limiting energy exploration shutting down power plants charging special fees and taxes, and other policies that have resulted in rapidly rising costs across the western world, although not in places like China.

Experts urge Americans to resist the war on farmers and the UN-backed sustainability policies using various means. These include getting involved politically, adopting different shopping habits, finding alternative food sources such as local farmers, and other measures. Officials at the UN did not respond to requests for comment.

These people can accurately be compared to the most brutal murderers in the class of Hitler and Stalin.
 

marsh

On TB every waking moment

German MP Petr Bystron Speaks to 100,000 in Prague: “Donald Trump’s Populism is Sweeping the World!”​

By Richard Abelson
Published October 2, 2022 at 2:45pm

100,000 Czech citizens gathered on Prague’s Wenceslas Square to protest against the government, skyrocketing energy prices and an out-of-control war on the brink of going nuclear on Wednesday, 9/28 under the motto “Czechia First”.

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The biggest barn-storming speech was given by Czech-German parliamentarian Petr Bystron (Alternative for Germany – AfD) , who lauded the populist movement sweeping the world, “not only here in the Czech Republic, Slovakia, Poland, Hungary, but all over Europe, all over the world.”

“Donald Trump is a populist, too,” Bystron said to huge applause from the pro-Trump crowd. “He fought for the average citizen! He continues to fight for people who go to work and pay taxes. That’s why the globalists are after him, that’s why they raid his home. That’s why they’re now even going after his children! But we won’t give up, we will keep up the fight against them. We saw through their lies long ago!”

Bystron said the demonstrations taking place across Europe “are just the beginning.” He noted how the right-wing Sweden Democrats and Georgia Meloni in Italy won recent elections, and how “Viktor Orban has already won four elections in a row and each time he got more votes.”

“Georgia Meloni put it best,” communist refugee Bystron said: “We fight for family, God and country! And I would add: We fight for our freedom!”

Petr Bystron’s speech in Czech (German subtitles):

View: https://youtu.be/y-1pQO1L578
7:52 min
 

marsh

On TB every waking moment

Billionaire investor says U.S. is spiraling toward a debt crisis​

'We're in deep trouble'​

By WND News Services
Published October 2, 2022 at 3:46pm
By Harold Hutchison
Daily Caller News Foundation

A prominent billionaire investor said the U.S. faces a debt crisis during a discussion at CNBC’s Delivering Alpha conference.

“We’re — we’re in deep trouble. So everything I said at those colleges is worse in terms of the metrics, except for one thing. And what I miscalculated was I didn’t calculate zero rates, I used 4 percent rates,” Stanley Druckenmiller, who founded Duquesne Capital Management and ran it until August 2010. “But the only thing Donald Trump and Hillary Clinton agreed on in 2016 was don’t cut Social Security, don’t cut entitlements. So nothing was done.”

The national debt is more than $30.9 trillion and is 124.9% of America’s gross domestic product (GDP), according to UsDebtClock.org. The U.S. has unfunded liabilities for Social Security and Medicare of more than $171 trillion, UsDebtClock.org reported.

WATCH:

Video on website 2:07 min

“Joe Biden has excoriated Rick Scott, because he dared to mention that maybe we shouldn’t be increasing senior paids. But if you look at — at the reversal, I just talked about and use the CBO estimate, which is rates at 3.8 percent, which I think frankly, is pretty optimistic, given all the things we talked about, by 2027, the interest expense alone on the debt, eats all health care spending,” Druckenmiller said. “By 2047 it eats all discretionary spending. So we’re now getting into fiscal dominance. By the way, by ‘49 it eats all Social Security.

We’re getting to the point now where the interest expense on the debt is so high, that is going to eat up our ability to basically service the next generation and I’m not even sure about the current one.”

“The U.S. government is deeply in debt. While measuring the country’s fiscal position in trillions of dollars or percentage points of GDP may seem abstract, the adverse consequences of continuing on our current trajectory are real,” the Committee for a Responsible Federal Budget said in a 2019 paper.

Other experts, like Nouriel “Dr. Doom” Roubini, have predicted that the U.S. is headed for a long recession, noting that with the recession, there was a chance that stocks could drop significantly. BlackRock President Rob Kapito said in a March speech that inflation could cause shortages of labor and products.
 

marsh

On TB every waking moment

Here's what 'green agenda' might bring to America​

Electrified roads, billions of gallons of biofuels, lots of heat pumps​

By WND News Services
Published October 2, 2022 at 5:20pm
By Ross Pomeroy
Real Clear Wire

Decarbonizing the United States by the year 2050, as many policymakers advocate and a strong majority of Americans support, would likely be the most challenging infrastructure overhaul in the history of our country. Frankly, the odds are heavily stacked against it happening.

Though many support the idea in abstract, they may not necessarily grasp what such an energy transition would entail in practice. The International Energy Agency (IEA) and researchers from Arizona State University recently spelled it out in detail. Here is a summary of what a carbon-free United States might look like in 2050:
  • The grid will be producing and delivering four times the electricity we use today, 70% through wind and solar, with the rest coming from other carbon-free sources like nuclear, geothermal, and hydropower. "One-third of output will go to traditional residential, commercial, and industrial customers. Another third will go to charging vehicle batteries, while the remainder will power immense fuel synthesis industries that do not exist today."
  • We will need 150 billion gallons per year of biofuels for agriculture, mining, construction, aviation, marine transport, and the military – about ten times what is produced today. Biofuels will completely displace oil. Some biofuels could be replaced with clean hydrogen if the technology matures and scales.
  • Railways and buses must all be electrified.
  • Long-haul trucking will have to be conducted on electrified roads that charge trucks' batteries while driving. If not, then another ~30 billion gallons of biofuels will be needed each year.
  • 90 - 100% of personal vehicles must be electric. Chargers must be installed at every residence.
  • At least 50% of heating demand must be supplied by heat pumps.
How much will all of this cost?

"The annual cost of decarbonization is at most on the order of 1% of GDP. This cost is the equivalent of having suffered a mild recession with one year of slow economic growth," the ASU researchers estimate.

The IEA offers a more rosy assessment.

"Total annual energy investment surges to USD 5 trillion by 2030 in the net zero pathway, adding an extra 0.4 percentage points a year to global GDP growth, based on a joint analysis with the International Monetary Fund. The jump in private and government spending creates millions of jobs in clean energy, including energy efficiency, as well as in the engineering, manufacturing and construction industries. All of this puts global GDP 4% higher in 2030 than it would reach based on current trends."

The simple fact is that nobody knows how much the energy transition will cost. We just know that making it happen will take unprecedented buy-in from policymakers, citizens, and stakeholders.

"Tripling U.S. electricity production, developing one, possibly two new fuel industries, and deploying the equipment that uses that energy in only 30 years will require an integrated and predictable regulatory and policy regime—including land use, environmental impacts, rights-of-way, and environmental justice—that reassures investors and consumers. We cannot predict technological progress and innovation, nor changes in energy usage, thirty years in advance. Therefore, policy must focus on the quantitative outcome, zero net fossil carbon emissions, while maximizing flexibility in achieving that outcome," the ASU researchers conclude.
 

marsh

On TB every waking moment

Synthetic Salvation — On Genomics, Mind Uploads, and the Quest for Immortality

Our elites want to live forever. The rest of us will make for rich compost.

by Joe Allen October 2, 2022 in Opinions

Transhumanism (2)
Editor’s Commentary: One of the toughest challenges we face in trying to get “normies” to appreciate and acknowledge the existential threat of the globalist elite cabal is they often cannot grasp the incentives behind pure evil. Too often we hear that greed or thirst for power are the only motivating factors that get rich and powerful people to try to be richer and more powerful. Because “normies” cannot see increased wealth or power in agendas that are attributed to globalist elites like Bill Gates or Klaus Schwab, they do not accept that they have incentives to depopulate most and subjugate the remnant.

The Subtack post below by Joe Allen is a bit different from what we normally post, but it’s an extremely important read because it helps us understand what drives many of those who are willing to step on a few serfs in order to achieve something bigger than money or power. For many of the elites, the belief that their lives can be extended and made infinitely better is enough incentive to do whatever it takes or harm whoever it takes to get there.

Of important note is that transhumanism is a tool through which the higher elites can control the lower elites. Those who are “in the know” regarding the demonic nature of plans like The Great Reset can get buy-in from those who aren’t fully aware. I’m speculating when I give this example, but it is my belief that Amazon founder Jeff Bezos, one of the richest men in the world, is NOT privy to the ultimate calculations in the agenda but is being herded along with other globalist elites to do the bidding of those “in the know” like Klaus Schwab and Barack Obama. Those at the top of the food chain of evil know they serve Satan whereas people like Bezos are driven by the desire to live forever. That doesn’t make him any less dangerous. It just means he’s a useful idiot instead of a direct minion of the Adversary.

Again, that’s speculation. Maybe Bezos is fully aware of the plan. Perhaps he answers directly to the Powers and Principalities. I don’t think so, but we may never know who’s really aware and who’s being used for their money and power.

If we can gain and disseminate an appropriate understanding of the unhinging effects transhumanism can have on powerful people, we will be better prepared to recognize when subtle components of their evil plans are launched. That’s why this article is so important. Call it a crash course in transhumanist motivations. Besides, it’s well-written and would be enjoyable if it were fiction. Unfortunately, it’s very real. Here’s Joe Allen…

Fear of death is intrinsic to human life. As our years accumulate, we watch friends and family drop off, one by one, disappearing from our presence and lingering only in memories.

Barring some miracle, divine or otherwise, we’re all soon to follow, down to the sweetest baby ever born.

Unfazed by this horror, the faithful are emboldened by belief in resurrection or reincarnation—a direct participation in the eternal. For religious people, the body is just a vehicle for a transcendent soul. The mystery of death is a rite of passage.

For the materialist, there is only this world, beyond which the dying meet total annihilation. The brain dissolves into black nothingness. Consciousness stops with the Big Zero at the end of our lives. And for all sentient beings, and all memory of our existence, there awaits the Big Zero at the end of the universe.

The cosmos is nothing but atoms and the void. To make matters worse, the atoms are slowly freezing to death.

Wallowing in this trance of sorrow, our elites, and most anybody else, would pay anything to live forever—or just a little longer. Held in thrall by old age, disease, and death, they put faith in biomedical protection racketeers who swear they can keep the Reaper at bay.

Today, it’s the vaxx-addicts and maskholes.

Tomorrow, it’ll be needle-pocked mutants with blinking devices stuck all over them, who pray to AI for a place in the cloud.

Transhumanism offers synthetic salvation through three basic methods—bio longevity, bionic continuity, and digital immortality.

Genomics will stop aging on the cellular level. Bionics will keep the body running with replacement parts. Once artificial intelligence is sufficiently advanced, mind uploads will allow eternal communion with the digital deities whom techies are busy creating.

“I think that there’s a good probability,” the human-reptile hybrid, Jared Kushner, recently said, “that my generation is—hopefully with the advances in science—either the first generation to live forever, or the last generation that’s gonna die.”

A more likely scenario? This is the first generation to merge with machines, and the last generation to regret it.

Kushner is not alone. Many of our credulous elites, from Wall Street to the World Economic Forum, have been ensnared by a techno-religion. Its unfrocked priests are the scientists and futurists who push radical gene therapies, brain-computer interfaces, and various life-logging gadgets. As the actual technology becomes more and more sophisticated, you can be sure every atheist and his lapsed uncle will fall prey to this cosmic scam.

And for those who can’t afford it? Well, you know, there’s only so much room on the lifeboat.

Bio Longevity
In order to cheat death, at least for awhile, the first method is to preserve the body at the cellular level. One proposed line of attack is to correct defective genes and defuse the cell’s innate self-destruct programs. With the discovery of the CRISPR-Cas9 complex in 2012, geneticists now have the power to more easily knock out faulty genes, and even insert new, superior genetic codes.

Joe Biden’s recent executive order, the National Biotechnology and Biomanufacturing Initiative, has slated $2 billion for these “high-risk, high reward” projects to “write circuitry for cells and predictably program biology in the same way in which we write software and program computers.”

There are also less invasive procedures, to be used in conjunction with gene-editing, such as munching vitamins morning, noon, and night, or gaining self-knowledge through Internet of Bodies surveillance devices—wearable trackers which feed every biometric data point into an artificial intelligence system, putting flesh on the bones of your “digital twin.” In theory, the resulting simulation could be used as a reference for targeted gene-editing.

“By preventing 90 percent of medical problems,” Ray Kurzweil wrote in The Singularity is Near, “life expectancy grows to over five hundred years. At 99 percent, we’d be over one thousand years. We can expect that the full realization of the biotechnology and nanotechnology revolutions will enable us to eliminate virtually all medical causes of death.”

Inspired by this sort of statistical fantasy, Big Tech oligarchs are pouring billions into various life extension laboratories:

SENS Research Foundation – Co-founded by the transhumanist Aubrey de Grey in 2009, this organization seeks to halt and reverse aging. “No matter what caused a given unit of damage in the first place,” they assure us, “the same regenerative therapeutics can be used to repair it.”
Altos Labs – Founded by Jeff Bezos and the corporate transhumanist Yuri Milner in 2021, this is a “new biotechnology company focused on cellular rejuvenation programming to restore cell health and resilience, with the goal of reversing disease to transform medicine.”
Calico Labs – Acquired by Google in 2015 at the behest of Larry Page and Sergey Brin, this company is focused on “the convergence of biology and technology, coupled with a long-term perspective and funding” with high hopes of “curing death.”
Methuselah Foundation – Bankrolled by Peter Thiel (along with many other immortality start-ups), this foundation is on a mission to “make 90 the new 50 by 2030.”
And the list goes on and on. By all appearances, billionaires fear death as if hell awaits, and they’ll pay any amount to avoid it. If you’re lucky, you too might add a few years to your life through trickle-down immortality.

Should these gene-therapies and 3D-printed organs fail to keep your carcass shambling along, there are always cryonic doctors who’ll freeze you right before you die, then thaw you out once these transhumanists finally get their shit together.

Alcor Life Extension Foundation, for example, charges $80,000 to freeze your head, and $200,000 for the full body treatment. It’s a small price to pay for a shot at immortality.

Bionic Continuity
The second method is to replace failing tissues and organs with mechanical parts. We do this already with pacemakers, prosthetic limbs, cochlear implants, dental implants, deep brain stimulation devices, and flag-raising penile implants. In a real sense, the entire plastic surgery industry—from hair transplants to rubber duck lips to silicone boobs—is a means to stave off our inevitable dissolution, if only on a superficial level.

Transhumanists foresee a day, just over the horizon, when more advanced prosthetics will offer superior functionality—including brain function. We’ll have Swiss Army knives for fingers and versatile artificial genitals, sort of like today’s transgenders, but presumably way better. Any prospective immortal had better hope so.

This cyborg dream was fleshed out in the early 20th century by the Marxist thinker J.D. Bernal. “Already we know the essential electrical nature of nerve impulses,” he wrote in 1929, “it is a matter of delicate surgery to attach nerves permanently to apparatus which will either send messages to the nerves or receive them. And the brain thus connected up continues an existence, purely mental and with very different delights from those of the body, but now perhaps preferable to complete extinction.”

Bernal compared this bionic transformation to the metamorphosis of a butterfly, albeit one with hideous wings. “Apart from such mental development as his increased faculties will demand from him,” he speculated, “he will be physically plastic in a way quite transcending the capacities of untransformed humanity.”

As we hurtle toward this nightmare in the 21st century, futurists claim it’ll soon be possible to model the entire human brain—down to the last electrochemical thought pattern—using artificial intelligence. The transhumanist guru Ray Kurzweil predicts this will be accomplished by 2029. (It’s unclear if that will be early in the year, or just in time for Christmas.)

Following an AI-created digital template, doctors will replace our dying neurons with artificial neurons. Bit by bit, our meat brains will be transformed into a latticework of lightning fast transistors. It’s an upgraded mind-brain that could last forever—so be sure to get a warranty.

Would this mechanical monster still be you, though? The idea is that a pattern is a pattern, and the human “soul” is just a pattern of information. It doesn’t matter what the medium may be. Think of it this way—if you replaced every thread in a sweater, strand by strand, with artificial wool, it would still feel like the same old sweater. Maybe even better.

In a similar manner, many believe your personal consciousness will survive the transition from gray matter to circuitry. This mind-machine merger would be like looking out at the world through your smartphone—forever. You’d hardly notice the difference.

“If you think about replacing the neurons one at a time by prosthetic neurons made of silicon,” explains the philosopher of consciousness and NYU-employed transhumanist, David Chalmers:

Just say I replace ten percent of my brain with silicon chips…do it one at a time, and keep going and keep going…and they interconnect with the other ones in a perfect way. … I think as long as you do it gradually, and replace the neurons one by one, then it’s gonna be like getting prosthetic limbs or [an] artificial heart.

You’re gonna be replacing parts of me, but I’m gonna be present throughout, and I think I could even stay conscious.

Of course, these artificial neurons haven’t been developed yet—not even close—but they will be one day. You’ll see. Have a little faith. Scientists are working hard. It’s a solid investment.

Digital Immortality
The third method to attain quasi-eternal life is basically the digital side of bionic continuity. Rather than, or in addition to, replacing neurons with artificial neurons, the mind will be gradually uploaded to a computer, where the patterns of one’s personality can be entombed in perpetuity.

Transhumanists delight in pointing out we’re already doing this. Everyone from toddlers to creaky old codgers is feeding their inner self into Google, Facebook, Amazon, Microsoft, Apple, third-party data vultures, and any intelligence agencies with backdoor access to these companies. Perhaps one day they’ll sell our digital twins back to us so we can inhabit our virtual wraiths.

“Currently, when our human hardware crashes,” Ray Kurzweil wrote, “the software of our lives—our personal ‘mind file’—dies with it. However, this will not continue to be the case when we have the means to store and restore the thousands of trillions of bytes of information represented in the pattern that we call our brains.”

Kurzweil believes injectable nanobots are the key to this uploading process. These microscopic robots will travel through the brain, mapping every neuron and synapse, creating a perfect facsimile of the “soul” in a computer. But there’s more than one way to skin a cat.

As with most transhumanists, Kurzweil was deeply influenced by the Carnegie Mellon roboticist Hans Moravec, who in 1988 described a gruesome uploading procedure now known as the “Moravec Transfer.” Basically, the patient commits suicide by having his or her brain scraped off, like whittling an onion, with each skin copied in silico:

You are fully conscious. The robot surgeon opens your brain case and places a hand on the brain’s surface. This unusual hand bristles with microscopic machinery, and a cable connects it to the mobile computer at your side. …

The surgeon’s hand sinks a fraction of a millimeter deeper into your brain, instantly compensating its measurements and signals for the changed position. The process is repeated for the next layer, and soon a second simulation resides in the computer, communicating with the first and with the remaining original brain tissue.

Layer after layer the brain is simulated, then excavated. Eventually your skull is empty…your mind has been removed from the brain and transferred to a machine.

Some would call this biohorror, but transhumanists revere the “Moravec Transfer” as a pioneering vision of synthetic salvation.

One of Kurzweil’s distinguished disciples, the transgender tech innovator Martine Rothblatt, proposes a kinder, gentler man-machine merger by way of mind-cloning.

“This blessing of emotional and intellectual continuity or immortality,” she (he? whatever) wrote in Virtually Human, “is being made possible through the development of digital clones, or mindclones: software versions of our minds, software-based alter egos, doppelgängers, mental twins.”

In other words, with sufficiently detailed surveillance, our personal data can be processed through artificial intelligence to create a new, more durable “soul” in silico.

“When the body of a person with a mindclone dies,” Rothblatt goes on, “the mindclone will not feel that they have personally died, although the body will be missed in the same ways amputees miss their limbs but acclimate when given an artificial replacement. … The mindclone is to the consciousness and spirit as the prosthetic is to an arm that has lost its hand.”

Having been baptized in electromagnetic waves, you will become your digital ghost, floating forever among the AI angels.

The metaphysics of this process make no sense, but then, why should the transhuman techno-cult be any more realistic than traditional cults? Their delusions would be funny if they weren’t constantly intruding upon our lives through ubiquitous screens and surveillance devices, and blasted into our brains with wall-to-wall propaganda.

“If anything,” Rothblatt conceded in a TED interview, “I’m perhaps a bit of a communicator of activities that are being undertaken by the greatest companies in China, Japan, India, the U.S., Europe.”

You have to wonder if we’ll have social credit scores in heaven.

So You Want To Live Forever—Good Luck With That
Humanity is composed of three primary elements—the spiritual, the biological, and the technological. At best, we are eternal souls enshrined in bodies, with exceedingly powerful tools in our hands. At worst, we’re bumbling monkeys in the Machine.

As the materialist worldview erodes our spiritual consciousness, we’re left with nothing but mortal bodies. When God is dead, technology is exalted as the highest power, holding out the promise of free WiFi and synthetic salvation.

The delusion of physical immortality, whether bodily or digital—or both—is capturing our elites’ imaginations. It doesn’t take a mathematical genius to figure out that if they actually managed to live forever, and the planet has finite space and resources, some number of us will have to become compost for their biomechanical gardens.

Personally, I don’t mind the idea of being turned into mulch. That’s the fate of every man and woman ever born. What is eternal will endure.

My fear, writhing deep in my paranoid brain stem, is that our technocratic rulers, sweating over flawed calculations, are willing to huck us into the mulchers long before our time.

God will not be mocked. Nor will Mother Nature. I’m certain that, in the course of time, every billionaire cyborg and half-retarded upload will shuffle off this mortal coil. Unfortunately, I also suspect they’d happily push the rest of us offstage while they do their apocalyptic jig.
 

marsh

On TB every waking moment

Video: A Warning From The Past? This Speech From A 1981 Movie Gives Chilling Description Of Our World And The Davos Gang​

Kellyanne Richardson
-
October 2, 2022 10 Comments

The film industry loves predictions!

If you focus on movies and television, it is very weird that you can discover movies that give a glimpse into the future.

The global elite uses movies and TV shows to show their sinister plans, just like the serial killers in horror movies!

Maybe precisely, the movies are their source of inspiration. Anyway, we can use them to find some clues!

Another film from the archives shows a shocking parallel to our reality.

The film 1981 ‘’Early Warning’’ makes a cold shiver run down your spine once you see the following video:

A Warning From The Past? This Speech From A 1981 Movie Gives Chilling Description Of Our World! 3:27 min

The 1981 “end of days” film Early Warning now seems oddly prescient in some ways. As you can see in this clip, it predicted a future in which leaders from around the world would gather to strategize coordinated management of the world’s population, taking advantage of crises (“never waste a crisis“) to implement tracking numbers, measures to control public opinion, digital finance such that individuals would own nothing and depend on electronic accounts that could be taken away at a keystroke, centralized control of the global economy, etc.

And who is supposedly plotting for world government? Well, the folks at the World Economic Forum, led by Klaus Schwab, aren’t trying to hide it. They have, of course, the best of intentions, as did so many before them. Per Wikipedia, Klaus “postulates that a globalized world is best managed by a self-selected coalition of multinational corporations, governments (including through the UN system), and select civil society organizations (CSOs). He argues that governments are no longer ‘the overwhelmingly dominant actors on the world stage’ and that ‘the time has come for a new stakeholder paradigm of international governance’.” Gee, a world ruled by a “self-selected” elites. Sounds like paradise.
 

marsh

On TB every waking moment

Supreme Court to hear case that could affect US water quality

The case has attracted briefs from 18 Native American tribes, 167 members of Congress, the National Association of Home Builders and various environmental groups.

By Madeleine Hubbard
Updated: October 2, 2022 - 5:31pm

The Supreme Court is slated to hear arguments Monday in a case involving Idaho landowners and the Environmental Protection Agency that could potentially redefine the United States' clean water laws.

The first case of the new Supreme Court term began in 2007 when Michael and Chantell Sackett sued after they were informed they needed a permit to build a home on their own land because the property contained wetlands, The Hill reported. The court already studied the situation, albeit with different arguments, in 2012 when the justices ruled 9-0 that the Sacketts have the right to challenge the Clean Water Act.

In a case directly ruling on whether the family could build, a federal court sided with the U.S. government and said the Sacketts needed to have authorization to build because it had a "significant nexus" connecting it to other regulated waters.

The Sacketts are now challenging the "significant nexus" threshold and are asking for the conservative-majority court to favor the "continuous surface water connection" threshold, which would apply to fewer wetlands, as proposed by the late Justice Antonin Scalia.

The case has attracted briefs from environmental groups, the National Association of Home Builders, the libertarian Cato Institute, the U.S. Chamber of Commerce, 18 Native American tribes, 167 members of Congress, and others.

"This is a very, very, big deal for the Clean Water Act. It will determine, likely, whether the Clean Water Act can protect half of the water bodies in the country, and if it can't, meeting the water quality goals of the law that we all count on will be virtually impossible," Natural Resources Defense Council attorney Jon Devine told The Hill.

"This case is not about prohibiting construction or development, it's about what safeguards are in place when someone does so," he said.

^^^^
(COMMENT: These regulations are a frickin' nightmare. I had a constituent who bought a piece of property. The irrigation ditches hadn't been properly maintained so he fixed them so that they drained into a pond that was on his properly as they had historically.He went along minding his business for a couple of years. Then, A neighbor ratted on him and the feds came out and demanded he put all the leaks back in because he had disturbed a wetland. But the state Fish and Wildlife came in and said that endangered western pond turtles had established themselves in the pond and the ditches feeding them could not be disturbed.

Poor guy. He was caught up in a mess. He finally sold the property to the state and moved far away.
 

marsh

On TB every waking moment

"We're Scraping The Barrel": Desperate Police Departments Luring New Cops With Huge Signing Bonuses​

SUNDAY, OCT 02, 2022 - 08:45 PM

As law enforcement agencies across the country suffer from record waves of resignations and retirements in the wake of the left's 'defund' movement, police departments have resorted to showering new hires in cash - doling out tens of thousands of dollars in signing bonuses to attract recruits.

Redding, CA police chief Bill Schueller was having trouble attracting new cops last year after raising signing bonuses from $5,000 to $7,500 - so this year he raised the offer to $40,000 - more than half of a year's starting salary at the agency, the Wall Street Journal reports.

The outsize bonus was necessary, he said, to recruit experienced officers in a line of work that has lost its popularity. After nationwide protests over the 2020 murder of George Floyd by a Minneapolis police officer, Mr. Schueller said, “the negative attention brought to law enforcement really started people thinking that maybe this isn’t the job for me. ”

Law-enforcement agencies across the U.S. have said they are facing staffing shortages as resignations and retirements rise. The tight labor market is compounding what police chiefs describe as waning interest from job seekers amid heightened scrutiny of officers’ actions, a less favorable view of the profession by some Americans and a surge in violent crime. -WSJ


Seattle - which has seen more than 460 officers depart over the past 2.5 years, approved $30,000 bonuses for lateral hires and $7,500 for new recruits, while the city of Ithaca, NY is now offering $20,000 for hires from other agencies.

"You’re hard-pressed to think of a time when police departments had to incentivize hiring with bonuses and pay officers to stay on the force," said Chuck Wexler, the executive director of the Police Executive Research Forum, adding "I haven't seen that ever."

In 2021, the average salary for a police officer was $70,740, vs. $58,620 for all occupations, according to the Bureau of Labor Statistics. This comes after the number of cops dropped nationally in 2020 after rising over the previous decade.

Other agencies have been dropping their standards to fill vacancies - such as Chicago, which dropped its college requirement for some recruits.

Alameda County Sheriff's Department spokesman Sgt. Ray Kelly said that agencies are hiring officers who washed out during their probationary periods in other departments.

"We're hiring people we wouldn't normally hire," he said, adding that in September his department hired a 24-year-old who had been fired by another police department for falling short of expectations. Last month he was arrested in connection with the murder of a Bay Area couple with his service weapon shortly after he clocked out for the day, according to court documents. The man was fired and is currently being held in jail.

"We’re scraping the barrel," said Kelly.

Philip Stinson, a professor at Bowling Green State University who studies police misconduct, said research shows that loosening hiring requirements makes it more likely that an officer will have problems down the road.

The ultimate danger is you’re hiring people who are just not suited for police work,” he said.

In Redding, a city of 92,000 two hours south of the California-Oregon border, Chief Schueller was struggling earlier this year to fill 15 open spots. He persuaded city leaders that spending $40,000 to attract an experienced officer was a better deal than training a new officer at a cost of more than $75,000. -WSJ


In Redding, the PD has begun advertising the bonus with the tagline: "Come work in a community that supports their police."

"That’s one of the things we try and sell to applicants," Chief Schueller told the Journal. "When we were getting George Floyd protests, and we had a few, we were also getting Back the Blue rallies."
 
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marsh

On TB every waking moment

Victor Davis Hanson: The Thinnest Veneer Of Civilization Remains

SUNDAY, OCT 02, 2022 - 09:10 PM
Authored by Victor Davis Hanson via The Epoch Times,

Civilization is fragile. It hinges on ensuring the stuff of life...

To be able to eat, to move about, to have shelter, to be free from state or tribal coercion, to be secure abroad, and safe at home—only that allows cultures to be freed from the daily drudgery of mere survival.

Civilization alone permits humans to pursue sophisticated scientific research, the arts, and the finer aspects of culture.

So, the great achievement of Western civilization—consensual government, individual freedom, rationalism in partnership with religious belief, free market economics, and constant self-critique and audit—was to liberate people from daily worry over state violence, random crime, famine, and an often-unforgiving nature.

But so often the resulting leisure and affluence instead deluded arrogant Western societies into thinking that modern man no longer needed to worry about the fruits of civilization he took to be his elemental birthright.

As a result, the once prosperous Greek city-state, Roman Empire, Renaissance republics, and European democracies of the 1930s imploded—as civilization went headlong in reverse.

We in the modern Western world are now facing just such a crisis.

We talk grandly about the globalized Great Reset. We blindly accept the faddish New Green Deal. We virtue signal about defunding the police. We merely shrug at open borders. And we brag about banning fertilizers and pesticides, outlawing the internal combustion engine, and discounting Armageddon in the nuclear age—as if on autopilot we have already reached utopia.

But meanwhile Westerners are systematically destroying the very elements of our civilization that permitted such fantasies in the first place.

Take fuel. Europeans arrogantly lectured the world that they no longer need traditional fuels. So, they shut down nuclear power plants. They stopped drilling for oil and gas. And they banned coal.

What followed was a dystopian nightmare. Europeans will burn dirty wood this winter as their civilization reverts from postmodern abundance to premodern survival.

The Biden administration ossified oil fields. It canceled new federal oil and gas leases. It stopped pipeline construction and hectored investors to shun fossil fuels.

When scarcity naturally followed, fuel prices soared.

The middle class has now mortgaged its upward mobility to ensure that they might afford gasoline, heating oil, and skyrocketing electricity.

The duty of the Pentagon is to keep America safe by deterring enemies, reassuring allies, and winning over neutrals.

It is not to hector soldiers based on their race. It is not to indoctrinate recruits in the woke agenda. It is not to become a partisan political force.

The result of those suicidal Pentagon detours is the fiasco in Afghanistan, the aggression of Vladimir Putin’s Russia, the new bellicosity of China, and the loud threats of rogue regimes like Iran.

At home, the Biden administration inexplicably destroyed the southern border, as if civilized nations of the past never needed such boundaries.

Utter chaos followed. Three million migrants have poured into the United States. While some cross over clandestinely, others clear border stations without an adequate audit, and largely without skills, high-school diplomas, or capital.

The streets of our cities are anarchical—and by intent.

Defunding the police, emptying the jails, and destroying the criminal justice system unleashed a wave of criminals. It is now open season on the weak and innocent.

America is racing backwards into the 19th-century Wild West. Predators maim, kill, and rob with impunity. Felons correctly conclude that bankrupt postmodern “critical legal theory” will ensure them exemption from punishment.

Few Americans know anything about agriculture, except to expect limitless supplies of inexpensive, safe, and nutritious food at their beck and call.

But that entitlement for 330 million hungry mouths requires massive water projects, and new dams and reservoirs. Farmers rely on steady supplies of fertilizer, fuels, and chemicals. Take away that support—as green nihilists are attempting—and millions will soon go hungry, as they have since the dawn of civilization.

Perhaps nearly a million homeless now live on the streets of America. Our major cities have turned medieval with their open sewers, garbage-strewn sidewalks, and violent vagrants.

So, we are in a great experiment in which regressive progressivism discounts all the institutions, and the methodologies of the past that have guaranteed a safe, affluent, well-fed, and sheltered America.

Instead, we arrogantly are reverting to a new feudalism as the wealthy elite—terrified of what they have wrought—selfishly retreat to their private keeps.

But the rest who suffer the consequences of elite flirtations with nihilism cannot even afford food, shelter, and fuel. And they now feel unsafe, both as individuals and as Americans.

As we suffer self-inflicted mass looting, random street violence, hyperinflation, a nonexistent border, unaffordable fuel, and a collapsing military, Americans will come to appreciate just how thin is the veneer of their civilization.

When stripped away, we are relearning that what lies just beneath is utterly terrifying.
 

marsh

On TB every waking moment
Michael Yon @MichaelYon
Oct 3, 2022 at 6:21am
Killing Millions of Green Trees across Europe to Keep Warm
03 October 2022
Belfast, Northern Ireland
Mind burst, sans edit

Green and Globalist Policy — including their exciting war in Ukraine — their Ukrainian flags, and their Rainbow flags hanging everywhere — are destroying Europe and human life across the globe. And tree life.

Forests across large swaths of Europe are being felled at a rate that surely will make telling satellite imagery. Cold humans need the firewood.

And so they are busy cutting millions of green trees. Wood that is unready to burn. Hard to cut when green. And just not ready.

Leftist dreams are incompatible with sustainable life.

For an idea of the amount of wood needed, watch this:

View: https://youtu.be/8UXrBN9dJ7k
20:39 min

Appalachian People How they Heated their Homes back in the day

DONNIE LAWS
Appalachian story of how the people of these old mountains heated their homes back in the day before modern tools and the work it took to do it. Thanks for watching.
NOTE: Picture are just to tell the story and not actual pictures of the events.
 

marsh

On TB every waking moment

Hungary Is Now The Only EU State Still Receiving Russian Gas​

MONDAY, OCT 03, 2022 - 12:30 AM
Via Remix News,

With three of the four pipelines delivering Russian natural gas to Europe out of commission, Hungary is now the only EU member state still receiving Russian gas, Forbes Hungary writes.

There are four pipelines that could supply Russian natural gas to Europe:

  1. Nord Stream 1, with a capacity of 55 billion cubic meters (bcm) per year (deliveries on this one were halted by Russia);
  2. Nord Stream 2, with an identical capacity of 55 bcm (this one never became operational after the German government refused to approve it in the wake of Russia’s invasion of Ukraine).
  3. Yamal Europe, the longest pipeline (4,107 kilometers) supplies gas from the Yamal Peninsula in Western Siberia, terminating in Germany, and has a capacity of 33 bcm. Deliveries were halted by Russia in May.
  4. Turk Stream, delivering gas from Russia under the Black Sea and through the Balkans, has a capacity of 31.5 bcm and is the only pipeline still in operation. It terminates in Hungary, meaning that as of now, Hungary is the only EU member state still receiving Russian natural gas.

Due to the huge income Russia has made from soaring gas prices, coupled with a massive reduction in other trade with Europe, Russia has no interest in completely shutting down these pipelines.

Although Hungary still receives gas, its price is linked to market prices, thus the country is strongly opposed to any further sanctions against Russia.

Earlier this week, Prime Minister Viktor Orbán announced a national consultation over the EU’s Russia sanctions, with the consultation asking citizens whether they support the sanctions or not.

The Hungarian government has vocally opposed many of the sanctions imposed on Russia arguing they harm Europeans more than they hurt Russians.

Hungarian Prime Viktor Orbán just last week called for an end to Russian sanctions by the end of the year in order to halt inflation, halve food prices, and bring soaring energy costs under control.
 

marsh

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Revolution In Air As Brits Burn Power Bills Amid Historic Energy Crisis

MONDAY, OCT 03, 2022 - 01:15 AM

Energy prices for millions of households across the UK rose on Saturday. Soaring power bills amid the worst cost-of-living crisis in a generation led to a continuation of growing discontent ahead of the dark winter.

Thousands of Brits marched in London and other metro areas this weekend in protest of being thrown into energy poverty while inflation is at forty-year highs.

There were countless videos on social media showing Brits holding signs about their dire financial situation. "Can't afford to live," "Freeze profit, not people," and "Eat the Tories," read some of the signs people held.

The protest was organized by Don't Pay UK, an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bills this winter (the movement is nearly 200,000 strong).

"Millions of us simply won't be able to keep our heads above water and many will freeze when the weather turns cold," a spokesman for the campaign said.

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View: https://twitter.com/i/status/1576189945114685441
.06 min

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The protest coincided with the new energy price cap that took effect on Saturday, increasing the power bill average per household from £1,971 to £2,500 annually. Without this government intervention, annual bills would've continued skyrocketing.

New Prime Minister Liz Truss said that the government's support for households and businesses shields them from energy hyperinflation. Meanwhile, Truss' support is already in turmoil. Labour leads the Conservatives by a stunning 33%, according to a recent YouGov poll, up from 14% when she assumed power just three weeks ago.

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However, the price cap for a typical household has doubled since last year -- the massive increase has sparked discontent among Brits who are crushed by a cost-of-living crisis.

The UK Misery Index is at its worst level in three decades. We noted that Half Of UK Households Will Be In Fuel-Poverty By January last week.



On a socioeconomic basis, we've outlined "Widespread Civil Unrest" Looming In UK Over Cost-Of-Living Crisis. The head of the International Monetary Fund recently said a harsh winter could exacerbate the energy crisis that may spark social unrest. And the head of the International Energy Agency said there's a risk Europe could unravel.

Europe is on the list of impending social unrest areas in the "next six months" by Verisk Maplecroft, a UK-based risk consulting and intelligence firm.
 

marsh

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Gas-Hungry Germany Approves Arms Deal With Saudi Arabia

MONDAY, OCT 03, 2022 - 03:30 AM
Via The Cradle,

German media reported on 29 September that Berlin has approved a number of new weapons export deals with Saudi Arabia, in defiance of a 2018 ban over Riyadh’s brutal war in Yemen. In a letter to the Bundestag, the country’s Economy Minister, Robert Habeck, said that the deals were approved by German Chancellor Olaf Scholz just before his recent visit to Saudi Arabia.

The German export licenses fall under a joint export program with Spain, Italy, and the UK, Habeck’s letter specifies, and will allow Riyadh to buy equipment and ammunition for Eurofighter and Tornado warplanes amounting to around $35 million.

Germany, whose arms exports to Saudi Arabia stood at around $1.22 billion in 2012, banned exporting weapons to the kingdom in 2018 as part of a broader ban against countries involved in the war on Yemen, despite some exceptions.

However, a complete ban was enforced the following year after the murder of columnist Jamal Khashoggi inside the Saudi embassy in Istanbul.

This ban initially fell under Germany’s policy of not exporting arms to active war zones, a policy that shifted as a result of NATO pressure on Berlin to send weapons to Ukraine.

The weapons export deals come at a time when Germany is scrambling to boost relations with energy exporting countries, as the country faces a major economic catastrophe after losing access to Russian fuel

Scholz set off on a tour of the Gulf states last month, which began in Saudi Arabia on 24 September, in a bid to diversify Germany’s energy supply.

This mission became ever more urgent since the sabotage attack that targeted the Kremlin’s Nord Stream pipelines this week. The loss of Russian fuel has pushed several German industries to the brink of collapse, and it has also forced Berlin to nationalize one of the nation’s main energy providers to save it from bankruptcy.
 

marsh

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One River: "The West Is Only Now Awakening From Decades Of Poor Policy"

MONDAY, OCT 03, 2022 - 05:45 AM
By Eric Peters, CIO of One River Asset Management

“People keep telling me investors are maximum bearish,” said Alpha, one of the market’s greatest macro minds. “The foundation for that claim is more or less that investors hold historically high cash balances.”

BofA private clients reportedly hold 12% in cash and its Bull & Bear Indicator shows an Extreme Bearishness reading.

“But if someone says they hold 12% cash, it means they still hold 88% of their money in risk assets. That’s insane. Given this macro backdrop, maximum bearishness should be more like 88% cash and 12% risk assets,” said Alpha.

“That’s what my portfolio has looked like this year. That’s how you should trade maximum bearishness. And it won’t be forever. There’ll be a time to buy. Just not yet.”

* * *

“Everything I am saying is important,” declared the dictator, his credibility fading, dangerously, his hopelessly corrupt nation failing.

“And what I just said is no less so: you can't feed anyone with paper – you need food; and you can’t heat anyone’s home with these inflated capitalizations – you need energy,” continued Putin, claiming eastern Ukraine, doubling down.

“The United States is practically pushing Europe toward deindustrialization in a bid to get its hands on the entire European market. These European elites understand everything – they do, but they prefer to serve the interests of others,” he said, showing his hand.

Putin has few good cards to play of course. The nuclear card is most terrifying, suicidal too. So for now he’s focused on dividing his adversaries, exposing our greatest weaknesses, hypocrisies. We have plenty.

The game we’re now playing involves the most fascinating interplay of macroeconomic forces and geopolitics in our lifetimes. Decades of deepening globalization and technological advance produced enormous prosperity that rewarded capital in an outsized way relative to Western labor. We mistook this for a permanent state of the world. But unsatisfied with an abundant present, our financiers pulled prosperity from the future by hyper financializing our economies. In the pursuit of maximum profit, we blindly abandoned redundancy, accepted fragility.

We attempted to address climate change without investing in a credible bridge to a sustainable future. Each one of these developments are inextricably linked and have produced the vulnerabilities that Putin and our adversaries now seek to exploit.

Britain’s pension system just cracked. The Bank of England vowed to do whatever it takes to save it from excessive leverage and poorly designed financial engineering. The central bank reverted to money-printing and bond-buying to stabilize a system made fragile by money-printing and bond buying. Nord Stream 1 and 2 pipelines were attacked, reminding every nation on the planet that key infrastructure assets built for peaceful times become liabilities in periods of war.

The West is now awakening from decades of poor policy. The consequences will appear overwhelming at first. We’ll get through. But that long, painful process has only just begun.
 

marsh

On TB every waking moment

Beijing Will Know More About You Than You Do: Gettr CEO​

By Daniel Y. Teng

October 3, 2022 Updated: October 3, 2022

When people think of a “data breach,” their natural reaction is to worry about losing information like passwords. But founder of the social media app Gettr, Jason Miller, says much more is at risk.

“What it’s about is they’re going to know more about your mental makeup than you do, and that’s scary,” he told The Epoch Times on Oct. 1.

Apps backed by the Chinese state, like TikTok—which is targeting the prized Gen Z and Alpha cohorts—are not only collecting data from their users, but giving Beijing a complete understanding of the mental state of the users who will be our next generation of leaders, according to Miller.

The former Trump administration advisor was in Sydney for CPAC Australia—the Conservative Political Action Conference.

He said that China-based companies, and by default the ruling Chinese Communist Party (CCP), now have access to all user information, including credit card details and passwords, from their apps like TikTok, and at the same time, will be conducting “psychographic analysis of an entire generation of people.”

“So, let’s say my oldest daughter is 13 and they start tracking her when she starts an account. A decade later, she’s going through college, they then have a decade of psychographic analysis data on someone they know,” he said.

He warned that this data will give the CCP insight into what younger generations in other countries think about issues like Taiwan or when “the next virus gets launched.”

“They will know what’s going to move public opinion in very short order,” he said.

“Fast forward another 10 or 20 years, and say my daughter runs for office. Imagine the manipulative ability for them to have the psychographic analyses of an entire generation of political leaders and voters, not just in the United States but around the world.

“They will know if you’re going to ‘like,’ swipe up, left, or right, and what content you will react to, before even you do,” he added. “And think how they’re going to use that to manipulate other governments, people in other countries—and they’re just getting started.”

China’s Big Tech and the CCP Ambitions​

Questions have long lingered over how China’s state-backed technology companies use the data they collect. Some of the most well-known tech brands in the world are based out of China, including TikTok (ByteDance), Huawei, HikVision, WeChat (Tencent), and the world’s largest drone maker DJI.

China-based companies are subject to a bevy of laws under the Chinese Communist Party (CCP) that compel cooperation upon demand by the regime.

Notably, the 2017 National Intelligence Law forces China-based companies to share data with the CCP if ordered to do so, and its military-civil fusion doctrine means that technologies developed in the civilian sector can be repurposed for the regime’s People’s Liberation Army.

This approach—along with technology theft from Western institutions—has seen China make leaps and bounds in several cutting-edge fields, including artificial intelligence and quantum computing.

In response, Arthur Herman, senior fellow at the conservative think tank Hudson Institute, has warned U.S. leaders to stay ahead of the curve to maintain the technological edge over Beijing.

“The fact that we have a lead doesn’t necessarily mean we’re going to win,” he previously told The Epoch Times. “It’s like the hare and the tortoise. We’re like the hare, we’ve sprinted ahead … but the Chinese are moving ahead toward us, slowly but surely.”

Meanwhile, Australian Senator James Paterson has called on political leaders around the world to harness the strengths of Big Tech companies in Silicon Valley that have to operate under laws of the United States.

“Despite our many legitimate frustrations with our own tech titans, we do have to choose ourselves whether we want them to prevail in their own competition with their counterparts in authoritarian countries,” he said.

“Because it will either be Google, Facebook, Microsoft, and Amazon who set the international rules of the road when it comes to technology, or it will be Tencent, ByteDance, Huawei, and HikVision.”
 

marsh

On TB every waking moment

ENERGY Published October 3, 2022 2:00am EDT

Native American tribes dependent on fossil fuel resources rip Biden admin for double standard

'A war on coal is a war on Crow,' the Crow Nation's director of energy tells Fox News Digital

By Thomas Catenacci | Fox News

Native American tribes that rely on fossil fuel production across the nation reiterated their demand that the Biden administration allow them to develop the resources on their lands.

Tribal leaders and energy experts contacted by Fox News Digital criticized efforts to restrict oil, gas and coal production even as those resources sustain thousands of Native Americans's way of life. The Department of the Interior has repeatedly expressed support for boosting tribal sovereignty for Indigenous tribes, but has also pursued a climate agenda limiting fossil fuel production on federal lands and waters.

"Air, water and energy are so foundational to our economy. I believe in the right that all property owners have to develop what belongs to them in any way that they want," Daniel Cardenas, the chairman of the National Tribal Energy Association and a member of the Pit River Tribe, told Fox News Digital in an interview.

"That's why it's important to fight for. To make sure it doesn't get taken away."

Roughly 20% of the nation's total oil and natural gas reserves, 30% of domestic coal reserves west of the Mississippi River and additional natural minerals — altogether worth about $1.5 trillion — are on Native American lands, according to a 2014 study from think tank Property and Environment Research Center (PERC).

However, about 86% of Indigenous land with energy and mineral resource potential remain undeveloped and just 3% of domestic oil production comes from tribal land.

"Resource tribes depend on the development of their resources to create better tomorrows for our children," Conrad Stewart, the director of energy and water for the Crow Nation of Montana, told Fox News Digital in an interview.

"It was basically a mandate in Indian policy to establish and develop our resources."

The Crow Nation's coal and resource assets are worth an estimated $27 billion, likely making it among the largest coal owners worldwide, according to PERC.

Still, the tribe's unemployment rate is far higher than the national average and its annual return on coal is less than 1%.

But last year, the Biden administration let the Department of Energy National Coal Council charter lapse, effectively ending the 40-year-old coal production advisory panel which Stewart had served on. The administration has also pursued emissions standards and restrictions targeting the coal industry which tribes like the Crow Nation are dependent on.

"A war on coal is a war on Crow," Stewart added, criticizing the Biden administration's energy policies.

In addition, the Mandan, Hidatsa and Arikara (MHA) Nation, Osage Nation, Southern Ute Tribe and Navajo Nation are among several tribes nationwide that actively rely on oil and gas revenues to meet their budgets.

Land belonging to the MHA Nation — which is known also as the Three Affiliated Tribes — sits atop the Bakken Formation in North Dakota, a massive deposit of oil and natural gas resources. The tribe produces about 23% of the state's 1.1 million barrels of daily oil production.
 

marsh

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Glazov Gang: The Globalists’ Takedown of Humanity Via Technocracy​

A harrowing glimpse at the global elitists' plan to rip the world apart and rule it.​

October 3, 2022 by Glazov Gang 1 Comment

The Globalists’ Takedown of Humanity Via Technocracy. 51:53 min

The Globalists’ Takedown of Humanity Via Technocracy.​

The Glazov Gang Published September 30, 2022

This new Glazov Gang episode features Patrick Wood, the Editor-in-Chief of Technocracy.news and the author of Technocracy Rising: The Trojan Horse of Global Transformation.

Patrick discusses The Globalists’ Take-down of Humanity Via Technocracy, sharing A harrowing glimpse at the global elitists’ plan to rip the world apart and rule it.

Don’t miss it!
 

marsh

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Shocking Letter Reveals UK Blackout Fear As NatGas Supplies Could Be Cut In "Emergency"​


MONDAY, OCT 03, 2022 - 06:52 AM
A letter from Ofgem, the UK's power regulator, warned about the "significant risk" of a natural gas shortage this winter because of disruptions to energy markets following the war in Ukraine and undersupply of Europe.

Bloomberg Opinion's Javier Blas tweeted a photograph of the letter focusing on technical changes in the UK electricity market. Blas highlighted the critical parts of the letter in the "background" section that detailed a dark and cold winter for the UK could be just ahead.
Here's what Blas outlined:

"Due to the war in Ukraine and gas shortages in Europe, there is a significant risk that gas shortages could occur during the winter 2022/23 in Great Britain ('GB'). As a result, there is a possibility that GB could enter into a Gas Supply Emergency."

... "In the event that GB reaches
Stage 2 in this procedure, Firm Load Shedding of gas would be applied to the largest gas users connected to the gas system. This will likely be large gas-fired power stations which produce electricity to the National Electricity Transmission System ('NETS')."



Blas warned: "Winter is coming awfully quickly, and we are betting the house on a warmer-than-average season."

Blas is correct. The average UK temperatures are around 12 Celsius (53.6 Fahrenheit). The peak in mean temps occurred in early August.


Heating degree days, a measurement designed to quantify the demand for energy needed to heat a building structure, is already rising across the country, indicating the heating season has begun.



Blas concluded: "Maybe, maybe, maybe... it's time for the UK government to seriously get a grip with the energy crisis, and start a public campaign for energy savings, before it is too late."
 

marsh

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Michael Yon @MichaelYon
Oct 3, 2022 at 12:15pm
Europe Titanic
03 October 2022
Titanic Museum, Belfast, Ireland

News comes about more food supply shutdown. The likelihood of this plant surviving is about same as Titanic floating to the surface and arriving safely to New York.

The company who made Titanic went on to produce wind turbines. Seriously.

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^^^^^
Michael Yon @MichaelYon
Oct 3, 2022 at 1:43pm
Famine Coming to White-People/Middle- East
03 October 2022
Ireland

Today in Belfast I made my first and only graffiti. On part of more than 20 miles of “Peace Walls” separating Protestant Irish from Catholic Irish. This war is not over. The wall reminds me of old Germany or more similar to the wall I saw in Israel separating Gaza.

Famine is coming. And with Famine, War.

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^^^^^
Michael Yon @MichaelYon
Oct 3, 2022 at 3:20pm
03 October 2022
Ireland

I’ll be back in America soon. Arranging a few more meetings and then straight to Texas. Midterms around the corner and border being totally overrun. Am considering a quick detour to Panama to see the Darien Gap — totally overwhelmed down there.

Famines are coming. Famines on epic scale. I’ve been warning since January 2020.
 

marsh

On TB every waking moment

Foreign Farmland Ownership to be Addressed in New Study​

The study was put into motion to ensure an "affordable, reliable" food supply is secured for the nation's wellbeing, according to Rep. Comer. (Charles Johnson, Lori Hays)

By JENNA HOFFMAN AND JIM WIESEMEYER October 3, 2022

House Ag Committee ranking member G.T. Thompson (R-Pa.) and Rep. James Comer (R-Ky.), Republican leader on the House Committee on Oversight and Reform, in a letter to General Accountability Office (GAO) Comptroller General Gene Dodaro, asked the GAO to conduct a study addressing the following:

1. What is known about the extent of and trends in foreign investment in U.S. agricultural land (e.g., by country of investor, by state, by type of land)?

2. How does the Farm Service Agency collect data on a foreign investment in U.S. agricultural land and what steps are taken to ensure data reliability? How have USDA’s data collection methods changed since AFIDA was enacted in 1978?

3. What procedures are in place to ensure proper disclosure of acquired agricultural land by a foreign person or entity and does USDA have a process to ensure accurate disclosure of the transfer or sale of such lands?

4. Do the current standards for filing under AFIDA ensure that land acquired by a foreign person or entity through a U.S. chartered company or corporation is accurately disclosed as a foreign investment in agricultural land?

5. How, if at all, does the U.S. government use the data on foreign investment in U.S. agricultural land to ensure the land is used for its intended purpose and does not pose a threat to national security?

6. What improvements or policy options, including regarding national security, could be made to strengthen reporting of foreign investment in agricultural land?

7. Are there other Departments or Agencies that USDA is or should be partnering with to ensure accurate disclosure of foreign owned agricultural land?
According to Rep. Thompson, foreign ownership and investment in U.S. ag land has "nearly doubled" in the past decade.

1664833458090.png

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PERCENT SHARE OF U.S. FOREIGN BUYERS

Source: National Association of Realtors; Illustration: Farm Journal


"This growing trend has elevated concerns regarding national security in a time of uncertainty that is already compounded by challenges to our supply chain infrastructure, high input costs for farmers, and geopolitical pressures. It is critical for Congress to have a thorough understanding of foreign investment in our nation’s agricultural land," he said.

The study was put into motion to ensure an "affordable, reliable" food supply is secured for the nation's wellbeing, according to Rep. Comer.

"We are calling on the Government Accountability Office to report on the scope of this threat to our food supply to inform Congress how we can best protect the security of the American people. Americans need transparency about the federal government’s efforts to address this growing problem," says Comer.

What We Know

Sen. Chuck Grassley (R-Iowa) has noted that foreign ownership of U.S. land increased by 2.4 million farm acres in 2020. If this trend continues, it will contribute to unfair competition for young and beginning farmers who seek to buy land.

Foreign Land Ownership
Acreage of foreign-owned cropland (including forests and pastures) by county. (USDA data mapped by The Daily Yonder for the Midwest Center for Investigative Reporting.)

Sens. Tammy Baldwin (D-Wis.) and Grassley introduced the "Farmland Security Act," to require more disclosure by foreign entities about the purchase of U.S. farmland. The bill would require USDA to increase reporting on foreign investments in the U.S., "including the impact foreign ownership has on family farms, rural communities and the domestic food supply."
USDA also would be required to develop an interactive public database with real-time updates on disclosures of foreign land purchases.

China's Role

USDA’s latest data shows China owns over 191,000 acres of U.S. lands.

A Chinese company, Fufeng Group, recently acquired 300 acres in North Dakota for $2.6 million. According to the company, it intends to establish a milling plant.

Various government officials, including North Dakota’s Governor Doug Burgum, have raised concerns over the sale.

“We ask that this review process be completed with the utmost urgency to aid Grand Forks officials in their decision-making process and provide clarity on whether this land purchase has national security implications,” Burgum wrote.

Eric Chutorash, Fufeng Group USA COO, claims the company has no Chinese government ownership and all workers in the plant will be Americans. He says he "cannot imagine" anyone in the facility would partake in espionage.

This isn’t the first time a question has been raised in China’s stake in the U.S.

The plug was pulled on a similar wind energy project in Del Rio, Texas, in April when state officials realized two key issues:

1. The land dedicated to the wind farm is miles from the Laughlin Air Force Base.
2. The Chinese company hired to carry out the job is owned by a former member of the Chinese military who has direct ties to China’s ruling communist party.

Some 14 states restrict or prohibit foreign ownership of farmland, though none outright forbid it, according to a memo last November by the Congressional Research Service.
 

marsh

On TB every waking moment

JBS Closes Its Alternative Protein Startup​

.
.(Planterra Foods)

By GREG HENDERSON October 3, 2022

JBS USA announced it is closing its Planterra Foods business unit subsidiary just two years after its launch. The news was first reported in the Denver Business Journal on Saturday.

Planterra Foods is a plant-based protein manufacturer that launched the “OZO” brand at Kroger during the summer of 2020. Shuttering the startup will idle a 189,000-foot factory in Denver the company opened in December 2021 and lay off about 120 employees.

In a statement to Food Navigator, JBS said, “We continue to believe in the potential of plant-based options for consumers and remain committed to the alternative protein market. JBS will focus on it efforts on its plant-based operations in Brazil and Europe, which continue to gain market share and expand their respective customer bases.”

Sales of alternative proteins have slowed significantly the past year with market analysts noting double digit declines in dollar sales and volume in the refrigerated segment. The frozen segment has fared better, but Food Navigator reports that fresh plant-based products were not delivering the same kinds of turns or profitability for retailers as conventional meat.

Other traditional protein companies have ventured into the alternative category in recent years, but some are now rethinking their position.

After an 18.2% decline in plant-based sales in the second quarter of 2022, Maple Leaf Food’s CEO Michael McCain said on the company’s earnings call in August, We used to believe in a transformational category outcome” for meat alternatives. “This did not materialize…and we no longer believe that it will materialize.”

McCain and other company executives now believe the hockey-stick growth chart projections for alternative meats were way too ambitious.
 

marsh

On TB every waking moment

Supreme Court to Hear WOTUS Arguments on Monday​

Oral arguments in Sackett v. EPA begin at 10 a.m. ET on Monday, both in person and online.(U.S. Environmental Protection Agency)

By JIM WIESEMEYER October 2, 2022

Monday marks the first day of the Supreme Court's new term, and the justices will hear oral arguments Monday morning in a closely watched challenge to the Clean Water Act (CWA), passed in 1972 to protect all Waters of the United States (WOTUS) — including streams, rivers, lakes and wetlands — from harmful pollution.

The Issue

Business groups and home builders argue that legal confusion over the definition of WOTUS has created regulatory chaos for businesses and property owners.

“Without clear guidance from this Court, the Chamber’s members will continue to endure an expensive, vague, and time-consuming process whenever they need to determine whether a project or activity will impact waters subject to federal jurisdiction,” the U.S. Chamber of Commerce wrote in a brief.

Reason for the Case

The Supreme Court ruled in June that the Environmental Protection Agency (EPA) overstepped its authority under the Clean Air Act to slash planet-warming emissions from power plants.

How it Started

The case, Sackett v. EPA, centers on a long-running dispute involving an Idaho couple named Chantell and Michael Sackett. Their legal battle began in 2007, when they tried to build a home on their land near Idaho's Priest Lake.

EPA said the property contained a wetland, and that the couple needed to obtain a CWA permit or face heavy fines. Their land contains no body of water, and the law authorizes EPA to regulate only “navigable waters” in interstate commerce.

EPA still ordered construction work halted and threatened huge penalties if the Sacketts didn’t obtain a federal permit, which typically requires more than two years and $250,000 in consulting costs.

EPA’s Argument

The Sacketts’ lot was connected to a wetland though it was separated by a 30-foot paved road, and that wetland was connected to a man-made ditch that was connected to a non-navigable creek that was connected to Priest Lake, which was navigable.

The Sacketts, represented by the conservative Pacific Legal Foundation, have won at the Supreme Court before. They want the justices to significantly narrow the definition of WOTUS so that their property — and others like it — would not be subject to the CWA.

WOTUS Outlook

Damien Schiff, a senior attorney at the Pacific Legal Foundation who will argue the case on Monday, said he is “quietly optimistic” that the Sacketts will prevail. He noted that Chief Justice John G. Roberts Jr. signed Scalia's opinion in Rapanos, while Justice Neil Gorsuch signaled in the Clean Air Act case that he is “skeptical of broad EPA interpretations of statutes.”

Jon Devine, who leads the Natural Resources Defense Council's federal water policy team, said the adoption of Scalia's narrow test could remove CWA protections for roughly 19% of streams and 51% of wetlands in the country.

“That would be catastrophic,” he said, “for the water quality purposes of the act.”

Oral arguments in Sackett v. EPA begin at 10 a.m. ET on Monday, both in person and online. The National Pork Producer Council’s Sackett brief can be found here.

^^^^
(COMMENT: When I was doing my studies on Supreme Court decisions and other cases on water law, I hit an irrational detour that shut down further study. The early cases established federal jurisdiction over water quality impacting the interstate navigability of streams under the Commerce Clause. There was also a jurisdiction of riparian tribal lands to promulgate rules and standards for water quality related to their beneficial use for the purposes of the reservation (Winter's Doctrine.) This is also under the Commerce Clause as the BLM sometimes administers tribal trust lands.

In the 20th century, the EPA, Army Corps and BLM greatly expanded its jurisdiction over water bodies and water quality. I believe they somewhat patterned it after California's Porter Cologne Act, where all beneficial uses for water quality are determined and parameters for aspects like temperature, sediment, nutrient load etc established with land and water use regulations to maintain those. It was widely used in my former area to regulate farming to protect salmon. Of course, there were no parameters for farming, so that always came last.

This was when I came to see how much UN accords and directives were driving EPA and particularly, Army Corps actions.

I am not an attorney, but will watch this one with interest.

2 old papers of research on UN influence on water regulation in the US and CA
part 2 the global agenda iwrm blueprint for control marcia armstrong 053112
 

marsh

On TB every waking moment

John Phipps: Is the Jones Act Hurting American Agriculture?​

By U.S. FARM REPORT October 3, 2022

Video on website 3:47 min

This question from a U.S. Farm Report viewer took some research:
“What would be the economic effect of repealing the Jones Act on U.S. Agriculture?”

The quick answer is repealing the Jones act would be minimally beneficial for U.S. ag as a whole, but enormous for specific locations and industries.

To summarize, the 1920 Jones Act requires all waterborne shipping between U.S. ports to be done on U.S.- built, -owned, -flagged and -manned ships.

Rooted in memories of WWI and WWII, the idea our national security is dependent on our ability to move troops and equipment across oceans is not merely outdated but has essentially crippled our domestic maritime industry.

We are not a maritime shipping country. Our container capacity is less than one-tenth of a percent of global capacity. Our shipbuilding industry is almost non-existent with 7 deep draft builders, four of which are exclusively military like carriers and subs. In contrast, Japan has over 1000 shipyards.

Our domestic ocean shipping industry is wildly uncompetitive, with costs as much as double for ships. It’s stuck in the 1940’s thanks to the Jones Act.

Meanwhile, Alaska, Hawaii, Puerto Rico, and other U.S. territories bear extravagant costs on their economies, including ag. Hawaiian cattle ranchers ship animals through Canada, North Carolina hog operations buy corn from Canada, and Puerto Rico sources fuel from Nicaraguan refineries due to the cost of Jones-compliant shipping.

To be sure, such headaches don’t nudge the soybean supply and demand much, but this counterproductive law has not saved our merchant marine, nor improved our national defense. During Desert Storm, the U.S. military used ships from everywhere, and shipped only about one-sixth of the materiel on U.S. bottoms.

It is hard to project what would happen in the unlikely event of repeal, but some experts suspect the efficiency of water transport would restructure coastal agriculture trade by finding new ways to avoid crowded truck and rail routes.

The repeal of the Jones Act has been a nominal ag priority for decades but the burdens it imposes are carried by so few that it falls too far down our list of legislative goals.
 

marsh

On TB every waking moment

EXCLUSIVE: ‘A Nexus To Terrorism’: Illegals Flagged As Potential National Security Risks Soared Nearly 600% In Last Year

JENNIE TAER
INVESTIGATIVE REPORTER
October 03, 2022

The number of illegal aliens labeled as “special interest migrants” for potential national security risks increased by nearly 600% to 25,627 in fiscal year 2022, according to internal Customs and Border Protection (CBP) data obtained by the Daily Caller News Foundation.

Of the total, 60% of the illegal migrants were from Turkey, a country where Islamic State and other foreign terrorist organizations are known to operate, according to the State Department.

“Anybody that doesn’t think that serious threats to this country are sneaking in right now is naïve,” former Border Patrol Chief Rodney Scott told the DCNF.

Border Patrol saw an almost 600% increase in fiscal year 2022 in the number of illegal migrants flagged as “special interest” over national security concerns, according to internal U.S. Customs and Border Protection (CBP) data exclusively obtained by the Daily Caller News Foundation.

A “special interest” migrant is someone who isn’t a U.S. citizen who frequently travels in areas designated as national security concerns due to terrorist activity or other types of “nefarious activity,” according to the Department of Homeland Security (DHS). Border Patrol agents encountered 25,627 “special interest” illegal migrants compared to the 3,675 encounters in fiscal year 2021, according to the data.

“Special interest aliens” can include individuals who “possibly have a nexus to terrorism,” according to 2019 DHS fact sheet. The newly-obtained internal data refers to these individuals as “special interest migrants,” however.

Most of the encounters were recorded at the southern border, with the highest in El Paso, Texas, according to the data.

“When you have an open border, you don’t get to control who or what enters your home,” former Border Patrol Chief Rodney Scott told the Daily Caller News Foundation. “There are significant real threats coming across the border.”

“Unfortunately, all the current administration wants to focus on as an economic migrants and trying to say that they have a kinder, gentler migration policy, but they’re putting the entire Nation at Risk, as well as the millions of migrants that are handed to the cartels to be trafficked across the border,” Scott said.

CBP officials encountered over 2,000,000 migrants at the southern border between October 2021 and August 2022, a record number. Of those, CBP encountered 78 individuals on the terror watchlist.

“What you’re seeing is like a snapshot of what’s crossing the border, what the agents are encountering. That the bigger threat is they’re so overwhelmed that they’re leaving hundreds of miles of border on patrols every day,” Scott said.

If CBP can’t find derogatory information on them, “special interest” illegal migrants are typically released into the country, according to Scott.

“Unless when they run the record checks on that individual person flagged for some type of derogatory information, they’re going to be processed just like any other illegal alien. It basically means that they’re going to be processed, set up for a hearing in the future and released into the United States. We overly rely on the United States to have by current and valid information people that are global database, and that does not exist.”

Most of the “special interest” illegal migrants were from Turkey, which made up 60% of the grouping, with 15,376 encountered. Border Patrol also encountered 3,246 illegal migrants from Uzbekistan and 2,446 from Bangladesh.

Turkey, for example, is a “source and transit country” for Islamic State terrorists and other terrorists operating in Syria and Iraq, according to the State Department.

The Biden administration has implemented a number of policies that have allowed many illegal migrants to stay in the country. In August, it ended the Migrant Protection Protocols, which forced certain illegal migrants to await asylum proceedings in Mexico.

On the president’s first day in office, DHS issued a memorandum putting in place a 100-day moratorium on deportations. The notice also limited immigration enforcement to those who pose risks to national security, border security and public safety.

“Anybody that doesn’t think that serious threats to this country are sneaking in right now is naïve,” Scott said.

The FBI declined to comment on the matter. DHS did not respond to the DCNF’s request for comment.

Editor’s note: This article has been updated.
 

marsh

On TB every waking moment

House Republicans Request Gov’t Watchdog Investigate Foreign Investments In American Farmland​

Daily Caller News Foundation logo


GABE KAMINSKYINVESTIGATIVE REPORTER
October 03, 202212:00 PM ET

More than 100 House Republicans are asking a government watchdog to probe foreign investments in U.S. farmland, including those by China, which they say may present national and food security concerns.

Led by Reps. Glenn Thompson of Pennsylvania and James Comer of Kentucky, the lawmakers on Saturday called on the Government Accountability Office (GAO) to study foreign farmland ownership and how the U.S. government is monitoring acquisitions, a letter shows. There has been an uptick in foreign investments and ownership, which may be “underreported” due to the U.S. Agriculture Department’s (USDA) unreliable data, the Republicans say.

The Agricultural Foreign Investment Disclosure Act of 1978 requires foreigners with U.S. land to disclose holdings with USDA’s Farm Service Agency. USDA’s data has been found in the last several years to not fully cover foreign investments.

Foreign investment and ownership of U.S. agricultural land has roughly doubled between 2010 and 2020, the Republicans noted in their letter. Foreign investors were also found in a December 2020 USDA report to hold about 37.6 million acres of agricultural land in the U.S.

Canadian investors were found in the 2020 USDA report to own the largest share of U.S. land — at 32% or 12.4 million acres. The Netherlands accounted for 13%, Italy at 7%, and the United Kingdom at 6%, while China held 352,140 acres, or under 1% of foreign investments.

“China’s ownership of U.S. farmland is a threat to our food security and national security,” Comer, the top Republican on the House Oversight Committee, told the Daily Caller News Foundation. “An affordable, reliable food supply is critical to our nation’s well-being and prosperity and we must ensure America maintains control of our nation’s resources.

Lawmakers have previously sounded the alarm over Chinese investments in U.S. land. The Republicans in their letter specifically cite one Chinese company’s purchase of North Dakota farmland located near a U.S. Air Force base “that is home to top-secret drone technology.”

General Atomics, a top defense contractor, said Sept. 20 its confidentiality of weapons at the facility could be breached should it “conduct significant test and evaluation efforts related to unmanned aircraft, radar systems, and other advanced military technologies.”

“Concerns have also been expressed that foreign investment in U.S. farmland could result in foreign control of available U.S. farmland, especially prime agricultural lands, and possibly lead to foreign control over food production and food prices,” the letter said.

The Republicans are looking for GOA to provide information on how its Farm Service Agency collects data and ensures data reliability — as well as how its data collection methods have changed since reporting requirements began in 1978 with the passage of The Agricultural Foreign Investment Disclosure Act.

A GAO spokesman told the DCNF that the watchdog “received” the Republicans’ request and will decide within roughly two weeks whether it will probe the investments.

(COMMENT: In my former area, it was the Hmong cartels from Michigan that bought up land without water sources. They established marijuana greenhouses or grows behind high fences, brought in water tanks and manned them with elderly women. These lived in substandard plywood shacks and occasionally died from carbon monoxide poisoning trying to keep warm. Of course, they had San Francisco lawyers who cried racial discrimination if you took action to prosecute our strict laws on commercial grows.)
 

marsh

On TB every waking moment

How the Federal Reserve is using the 'green transition' as a pretext to build an American Social Credit System​

Europe shows us how a "pilot exercise" quickly becomes policy.​


Jordan Schachtel
6 hr ago

The Federal Reserve has offered a green light for the first component of an agenda dedicated to turning the American financial system in a complete censorship and surveillance regime, and all indications are that they intend to install further intrusions on liberty into the U.S. Dollar system under the guise of saving the planet from “climate change.”

The Dossier reported last week on The Federal Reserve’s “pilot exercise” that is slated to both begin and conclude in 2023. In the piece, we discuss how what has become commonly referred to as ESG, or the climate change agenda, or the “green transition,” is acting as a trojan horse for the continuing centralization and the increasing of surveillance in the American financial system. Across the West, this movement is now acting as the chief catalyst for the implementation of Chinese Communist Party-like social credit score systems.

1664836850329.png

To continue this crucial conversation, here’s some more detail about how we can expect this “pilot exercise” to move forward in the coming months.

In all likelihood, The Fed will follow in the footsteps of the Eurosystem.
In January 2022, the European Central Bank (ECB), which manages the Euro, launched its own climate “stress test.”

This quickly resulted in a July 2022 “climate action plan” to “include climate change considerations in the Eurosystem’s monetary policy framework.”


Over the span of just 7 months, the ECB transformed their monetary policy to “support the green transition of the economy in line with the EU’s climate neutrality objectives.”

In order to “decarbonize” the European economy, the ECB will proceed to “limit the share of assets issued by entities with a high carbon footprint.” The ECB will also limit the borrowing power of institutions that are not considered carbon compliant.

The Europeans now, suddenly, have a “green” Social Credit Score system.
Will The Fed follow suit?

To get a sense of The Fed’s commitment to the climate hoax, we can review a prominent Federal Reserve official’s speech last month at the Brookings Institution in Washington, D.C. Many consider the left wing policy shop as the most influential think tank in the United States.

View: https://youtu.be/QZtnla4wEsM
1:05:05 min

“As our nation, and the world, grapple with how to respond to climate change, banks are increasingly focused on the risks that climate change brings to their balance sheets,” said Fed Vice Chair Michael Barr, an institutionally progressive Biden Admin appointee.

He added (emphasis added in bold):

“The Federal Reserve is working to understand how climate change may pose risks to individual banks and to the financial system. The Federal Reserve's mandate in this area is important, but narrow, focused on our supervisory responsibilities and our role in promoting a safe and stable financial system.”

Barr, who has served as an adviser to the Gates Foundation and the Clinton Foundation, and worked in government as a top Obama Administration Treasury Dept official, continued:

In the near-term, we intend to work with the Office of the Comptroller of the Currency (OCC) and the FDIC to provide guidance to large banks on how we expect them to identify, measure, monitor, and manage the financial risks of climate change. In addition, we are considering how to develop and implement climate risk scenario analyses. In that regard, next year we plan to launch a pilot micro-prudential scenario analysis exercise to better assess the long-term, climate-related financial risks facing the largest institutions.”

Then on Thursday, The Fed announced that it was launching its “pilot exercise” on climate.

If it mirrors the Eurosystem process, the Federal Reserve’s pilot exercise will indeed become the first step for the framework of a Federal Reserve imposing a social credit score system attached to the U.S. Dollar. The banks are arguably incentivized to go along with the program, as those who go along with the agenda become the ultimate middlemen for all U.S. banking activity.

The New York Times, a major advocacy journal for the “green transition,” commented that the exercise would improve a Federal Reserve that “often lagged behind its global peers when it comes to talking about and coming up with a plan for policing risks related to climate change.”

Reuters, another pro climate catastrophe publication, cheered the “pilot exercise,” writing that “The potential effects of climate change - namely through rising sea levels, worsening floods and fires … could destroy trillions of dollars of assets around the globe.”

The banks involved in the exercise — Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo — hold a combined majority of all U.S. banking assets, meaning a Fed decision would likely have the top-down effect of crushing small and community banks that do not have the resources to to comply with its monetary edicts.

If the Big Banks comply with this hyper activist Federal Reserve (which, more than ever, needs a manufactured crisis to take weight off of its monetary policy failures), the American Social Credit Score system will be here a lot sooner than many project.
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=4xdIK6nu1cU
8:02 min

Will Cain: Kamala Harris' comments are morally abhorrent​

Oct 3, 2022

https://yt3.ggpht.com/ytc/AMLnZu_64n1WvB5AW__6tdA7RqqQiX73ix5yeF****iK1AI=s88-c-k-c0x00ffffff-no-rj
Fox News

'Fox & Friends Weekend' co-host Will Cain joined 'The Faulkner Focus' to discuss his outrage after Vice President Harris suggested Hurricane relief would be distributed based on equity.
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=8lJqPjICSbw
10:37 min

The Fed Is Breaking The System​


OhCevGwV25_EkHsl-mrc7eHLxUpYbG-HZBcMvIS82hiO6Pt_6gFePr_Jo13ZcJWKe6BEjHwBuQ=s88-c-k-c0x00ffffff-no-rj

The Economic Ninja

The Economic Ninja talks about how The Fed Is Breaking The System!

^^^^

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world​

PUBLISHED SAT, OCT 1 20228:23 AM EDTUPDATED SAT, OCT 1 20229:54 AM EDT

Hugh Son@HUGH_SON

KEY POINTS
  • Markets entered a perilous new phase in the past week, one in which statistically unusual moves across asset classes are becoming commonplace.
  • Surging volatility in what are supposed to be among the safest fixed income instruments in the world could disrupt the financial system’s plumbing, according to Mark Connors, former Credit Suisse global head of risk advisory.
  • That could force the Fed to prop up the Treasury market, he said. Doing so will likely force the Fed to put a halt to its quantitative tightening program ahead of schedule.
  • The other worry is that the whipsawing markets will expose the weak hands among asset managers, hedge funds and other players who may have been overleveraged or took on unwise risks. Margin calls and forced liquidations could further roil markets.
As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the central bank’s campaign will have unintended and potentially dire consequences.

Markets entered a perilous new phase in the past week, one in which statistically unusual moves across asset classes are becoming commonplace.

The stock selloff gets most of the headlines, but it is in the gyrations and interplay of the far bigger global markets for currencies and bonds where trouble is brewing, according to Wall Street veterans

Federal Reserve has given short sellers reason to push markets lower, Wells Fargo says

After being criticized for being slow to recognize inflation, the Fed has embarked on its most aggressive series of rate hikes since the 1980s. From near-zero in March, the Fed has pushed its benchmark rate to a target of at least 3%. At the same time, the plan to unwind its $8.8 trillion balance sheet in a process called “quantitative tightening,” or QT — allowing proceeds from securities the Fed has on its books to roll off each month instead of being reinvested — has removed the largest buyer of Treasurys and mortgage securities from the marketplace.

“The Fed is breaking things,” said Benjamin Dunn, a former hedge fund chief risk officer who now runs consultancy Alpha Theory Advisors. “There’s really nothing historical you can point to for what’s going on in markets today; we are seeing multiple standard deviation moves in things like the Swedish krona, in Treasurys, in oil, in silver, like every other day. These aren’t healthy moves.”

Dollar’s warning​

For now, it is the once-in-a-generation rise in the dollar that has captivated market observers. Global investors are flocking to higher-yielding U.S. assets thanks to the Fed’s actions, and the dollar has gained in strength while rival currencies wilt, pushing the ICE Dollar Index to the best year since its inception in 1985.

“Such U.S. dollar strength has historically led to some kind of financial or economic crisis,” Morgan Stanley chief equity strategist Michael Wilson said Monday in a note. Past peaks in the dollar have coincided with the the Mexican debt crisis of the early 1990s, the U.S. tech stock bubble of the late 90s, the housing mania that preceded the 2008 financial crisis and the 2012 sovereign debt crisis, according to the investment bank.

The dollar is helping to destabilize overseas economies because it increases inflationary pressures outside the U.S., Barclays global head of FX and emerging markets strategy Themistoklis Fiotakis said Thursday in a note.

The “Fed is now in overdrive and this is supercharging the dollar in a way which, to us at least, was hard to envisage” earlier, he wrote. “Markets may be underestimating the inflationary effect of a rising dollar on the rest of the world.”

It is against that strong dollar backdrop that the Bank of England was forced to prop up the market for its sovereign debt on Wednesday. Investors had been dumping U.K. assets in force starting last week after the government unveiled plans to stimulate its economy, moves that run counter to fighting inflation.

The U.K. episode, which made the Bank of England the buyer of last resort for its own debt, could be just the first intervention a central bank is forced to take in coming months.

Repo fears​

There are two broad categories of concern right now: Surging volatility in what are supposed to be the safest fixed income instruments in the world could disrupt the financial system’s plumbing, according to Mark Connors, the former Credit Suisse global head of risk advisory who joined Canadian digital assets firm 3iQ in May.

Since Treasurys are backed by the full faith and credit of the U.S. government and are used as collateral in overnight funding markets, their decline in price and resulting higher yields could gum up the smooth functioning of those markets, he said.

Problems in the repo market occurred most recently in September 2019, when the Fed was forced to inject billions of dollars to calm down the repo market, an essential short-term funding mechanism for banks, corporations and governments.

“The Fed may have to stabilize the price of Treasurys here; we’re getting close,” said Connors, a market participant for more than 30 years. “What’s happening may require them to step in and provide emergency funding.”

Doing so will likely force the Fed to put a halt to its quantitative tightening program ahead of schedule, just as the Bank of England did, according to Connors. While that would confuse the Fed’s messaging that it’s acting tough on inflation, the central bank will have no choice, he said.

`Expect a tsunami’​

The second worry is that whipsawing markets will expose weak hands among asset managers, hedge funds or other players who may have been overleveraged or took unwise risks. While a blow-up could be contained, it’s possible that margin calls and forced liquidations could further roil markets.

“When you have the dollar spike, expect a tsunami,” Connors said. “Money floods one area and leaves other assets; there’s a knock-on effect there.”

The rising correlation among assets in recent weeks reminds Dunn, the ex-risk officer, of the period right before the 2008 financial crisis, when currency bets imploded, he said. Carry trades, which involve borrowing at low rates and reinvesting in higher-yielding instruments, often with the help of leverage, have a history of blow ups.

“The Fed and all the central bank actions are creating the backdrop for a pretty sizable carry unwind right now,” Dunn said.

The stronger dollar also has other impacts: It makes wide swaths of dollar-denominated bonds issued by non-U.S. players harder to repay, which could pressure emerging markets already struggling with inflation. And other nations could offload U.S. securities in a bid to defend their currencies, exacerbating moves in Treasurys.

So-called zombie companies that have managed to stay afloat because of the low interest rate environment of the past 15 years will likely face a “reckoning” of defaults as they struggle to tap more expensive debt, according to Deutsche Bank strategist Tim Wessel.

Wessel, a former New York Fed employee, said that he also believes it’s likely that the Fed will need to halt its QT program. That could happen if funding rates spike, but also if the banking industry’s reserves decline too much for the regulator’s comfort, he said.

Fear of the unknown​

Still, just as no one anticipated that an obscure pension fund trade would ignite a cascade of selling that cratered British bonds, it is the unknowns that are most concerning, says Wessel. The Fed is “learning in real time” how markets will react as it attempts to rein in the support its given since the 2008 crisis, he said.

“The real worry is that you don’t know where to look for these risks,” Wessel said. “That’s one of the points of tightening financial conditions; it’s that people that got over-extended ultimately pay the price.”

Ironically, it is the reforms that came out of the last global crisis that have made markets more fragile. Trading across asset classes is thinner and easier to disrupt after U.S. regulators forced banks to pull back from proprietary trading activities, a dynamic that JPMorgan Chase CEO Jamie Dimon has repeatedly warned about.

Regulators did that because banks took on excessive risk before the 2008 crisis, assuming that ultimately they’d be bailed out. While the reforms pushed risk out of banks, which are far safer today, it has made central banks take on much more of the burden of keeping markets afloat.

With the possible exception of troubled European firms like Credit Suisse, investors and analysts said there is confidence that most banks will be able to withstand market turmoil ahead.

What is becoming more apparent, however, is that it will be difficult for the U.S. — and other major economies — to wean themselves off the extraordinary support the Fed has given it in the past 15 years. It’s a world that Allianz economic advisor Mohamed El-Erian derisively referred to as a “la-la land” of central bank influence.

“The problem with all this is that it’s their own policies that created the fragility, their own policies that created the dislocations and now we’re relying on their policies to address the dislocations,” Peter Boockvar of Bleakley Financial Group said. “It’s all quite a messed-up world.”
 

marsh

On TB every waking moment
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China Is Stealing YOUR Data. Can Biden Stop It?​


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China Uncensored

China is stealing your data left, right and center, and President Joe Biden is trying to stop it. In this episode of China Uncensored, we look at some creative ways China tries to steal US data, Biden's executive order on data security, and what other measures to protect user data Biden is reportedly considering. China is SPYING on TikTok—

Leaked Audio PROVES TikTok Shares Data With China
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