GOV/MIL Main "Great Reset" Thread

[marsh]

(Australia/US)

View: https://www.youtube.com/watch?v=YN6GKMGc9QU
.55 min

OECD predicts energy prices to double year-on-year to their highest levels since 1970s​

Sky News Australia
Nov 22, 2022
The latest economic report from the Organisation for Economic Co-operation and Development predicts electricity and gas prices to double year-on-year to their highest levels since the 1970s. Increased energy prices are slowing global economic growth and are forecast to stagnate at 2.2 per cent in 2023.

^^^^^

View: https://www.youtube.com/watch?v=ljKyeZkNIng
1:27 min

'Suggestions' the US Federal Reserve is going to 'moderate its pace of rate hikes'​

Sky News Australia
Nov 23, 2022
CommSec’s Tom Piotrowski says there were suggestions the US Federal Reserve is going to moderate its pace of rate hikes. “That’s not to say that they’re not going to be raising them,” he told Sky News Australia. “They just won't be at that very stern level that we’ve seen in recent times. “That has been seen as a positive.” Presented by CommSec.

 

[marsh]

(Brazil)

The Party Of Brazil’s Bolsonaro Moves To Annul Election Over Inability To Audit Machines 6:23 min

The Party Of Brazil’s Bolsonaro Moves To Annul Election Over Inability To Audit Machines​

Bannons War Room Published November 23, 2022

The Party Of Brazil’s Bolsonaro Moves To Annul Election Over Inability To Audit Machines, Evidence Of Mass Voter Disenfranchisement

 

[marsh]

(China)

Coordinated Effort By Chinese Communist Party To Overtake U.S. And Undermine Western Freedoms 8:57 min

Coordinated Effort By Chinese Communist Party To Overtake U.S. And Undermine Western Freedoms​

Bannons War Room Published November 23, 2022

Coordinated Effort By Chinese Communist Party To Overtake U.S. And Undermine Western Freedoms, Trump Is Only Uncompromised President Who Can Fight Back

^^^
Globalist Economic System Is Built On Slave Labor In China 6:38 min

Globalist Economic System Is Built On Slave Labor In China​

Bannons War Room Published November 23, 2022

Globalist Economic System Is Built On Slave Labor In China & Klaus Schwab Wants That Same Fate For American Workers

^^^^
Anti-Trump Billionaires Got Rich Off Chinese Slave Labor 1:02 min

Anti-Trump Billionaires Got Rich Off Chinese Slave Labor​

Bannons War Room Published November 23, 2022

(No summary given. Did not watch.)

 

[marsh]

Smart City Infrastructure, An Open Concentration Camp For Surveillance, Weaponized With Puke Rays 1:16 min

Smart City Infrastructure, An Open Concentration Camp For Surveillance, Weaponized With Puke Rays​

Red Voice Media Published November 23, 2022
"They will also host all sorts of sensors in the name of climate change and global warming." - Aman Jabbi

"You can get intracranial damage. You can hurt your spine. You can get sick bacteria, it can even kill you." - Aman Jabbi

^^^^^^
(full interview)
Aman Jabbi - The Final Lockdown, Street Lights That KILL in Smart Cities, CBDC, Digital ID 1:17:41 min

Aman Jabbi - The Final Lockdown, Street Lights That KILL in Smart Cities, CBDC, Digital ID​

Right2Freedom Published November 23, 2022
Aman Jabbi has over 25 years’ experience working in Silicon Valley as an engineer primarily on camera technologies. He joins us to expose extremely alarming technologies being set up in Smart Cities, including street lights that can KILL, “The Internet of Eyes”, and how people will be forced into the Metaverse under the new Digital ID slavery system in what he calls “The Final Lockdown”, and the only solution we have to avoid this.

 

[marsh]

Road to CBDC: Episode 78 W/ JD Rucker & Michele Swinick 50:15 min

Road to CBDC: Episode 78 W/ JD Rucker & Michele Swinick​

The Zelenko Report with Ann Vandersteel Published November 22, 2022

Will we be able to avoid central bank digital currency?

JD Rucker explains the FTX situation with Sam Bankman-Fried.

Other Guest: Michele Swinick

 

[marsh]

(China)

Workers Fight Back Against CCP Control In New Riots .17 min

Workers Fight Back Against CCP Control In New Riots​

Dinesh D'Souza Published November 23, 2022

 

[marsh]

(Full show)

So they're admitting the WHOLE thing was a lie? | Redacted with Clayton Morris 2:07:26 min (starts at 31:00 min)

So they're admitting the WHOLE thing was a lie? | Redacted with Clayton Morris​

Redacted News Published November 23, 2022
Dr. Fauci gives his final press conference and what he said might shock you. The World Health Organization issued a rough draft of its new Pandemic Treaty which would give incredible powers to an unelected group of globalists. Researcher Whitney Webb joins us to talk about this troubling development.

 

[marsh]

Ep. 2933a - Breaking Away From The [CB] Has Begun, This Is Just The Beginning 19:55 min (starts at 1:30 min)

Ep. 2933a - Breaking Away From The [CB] Has Begun, This Is Just The Beginning​

X22 Report Published November 23, 2022

CA is moving forward with the green new deal, all eyes are on CA as the state implodes. The UN is pushing fear about the world being over populated. Biden playing the game and moving forward with student cancellation. NY restricts cryptocurrency, meanwhile El Salvor moves away from the [CB].

 

[marsh]

Klaus Schwab Really Believe China Is A "Role Model" For Other Countries 1:33 min

Klaus Schwab Really Believe China Is A "Role Model" For Other Countries​

Dinesh D'Souza Published November 23, 2022

(No summary given. Clip dup of earlier post in War room )
The Chinese model is quite an attractive model..

 

[marsh]

(Brazil)

Bolsonaro RISES UP in DEFIANCE Against Brazil’s Election!!! 10:48 min

Bolsonaro RISES UP in DEFIANCE Against Brazil’s Election!!!​

Dr Steve Turley Published November 23, 2022

(No summary given. Did not watch.)

 

[marsh]

https://www.agweb.com/news/livestock/beef/sen-booker-proposes-industrial-agricultural-accountability-act

Sen. Booker Proposes Industrial Agricultural Accountability Act​

.(USDA)

By GREG HENDERSON November 23, 2022
Sen. Cory Booker (D-N.J.) has unveiled new legislation targeting America’s large livestock “corporations and industrial operators,” seeking to hold such entities accountable for disaster mitigation and to ensure those entities are complying with animal welfare regulations.

The Industrial Agricultural Accountability Act would end line-speed increases and “meatpacker self-inspection programs” for animal slaughter, prohibit slaughter of all downed animals and require “more humane treatment of livestock transported for long periods.”

Booker announced his proposal with a news release posted to his website Tuesday.

The proposed legislation would also require large entities to register with USDA, submit a disaster preparedness plan and pay a fee to establish a fund focused on disaster events.

“This new fund, the High-Risk AFO Disaster Mitigation Fund, will be utilized to enforce disaster mitigation plans and ensure that the most humane practices are used if depopulation is absolutely necessary,” the release said.

Booker also proposes to invest resources for higher-welfare slaughter technology in meat and poultry processing facilities and establish a pilot program to train and employ more part-time inspectors for small processing plants.

“We’ve seen multiple recent crises that have shined a light on the threat that corporate meat producers and their web of factory farms represent to workers, animals, the environment, and rural communities,” booker said. “Built by agribusinesses, the industrial livestock and poultry system is designed to maximize production– while externalizing risk and liability– to ensure corporate profits even when the system fails.”

The full text of the bill can be found here. The list of supporting organizations can be found here.

 

[marsh]

Army officer resigns commission in defiance of unlawful Pentagon vax mandate

“I left the army with my integrity intact and my oath to the Constitution unbroken.”

dossier.substack.com

Army officer resigns commission in defiance of unlawful Pentagon vax mandate

“I left the army with my integrity intact and my oath to the Constitution unbroken.”

Jordan Schachtel
7 hr ago

Now-former Lieutenant Colonel Bradley Miller has resigned from his post in the Army after serving the United States military for over 19 years, citing the Pentagon’s irresponsible and unlawful mRNA mandate.

A highly decorated military officer, Miller commanded a battalion in the 101st Airborne Division, and he was a graduate of the Army’s prestigious School of Advanced Military Studies (SAMS).

The Dossier is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

When Secretary of Defense Lloyd Austin issued the order mandating the mRNA “vaccine,” Miller issued a strong rebuttal.

He wrote:

“I believe the vaccines are both unnecessary and dangerous. I believe they represent far more of a risk to individual and collective readiness than the COVID-19 virus against which they ostensibly guard. Therefore, I believe the more responsible decision that I could make for the health of myself and those around me is to refuse to take the vaccines. I have never refused a vaccine required by the Army before, and have received many vaccines over the years.”​

​

Despite being just months away from qualifying for a pension, Miller then resigned in protest of the Pentagon’s mRNA mandate.

The Department of Defense “vaccine” mandate, which is being enforced on extrajudicial grounds, has created a massive readiness and preparedness crisis within the U.S. military, as the mRNA injection has failed to live up to its safe and effective marketing.


Thousands of soldiers have applied for a religious exemption to the mandate, as that was the only avenue to contest the requirement. In response, the military created a digital tool to deny exemptions en masse.


In a new interview with NTD news, Miller explained that he did not apply for a religious exemption as a matter of principle.

“I was a hard refusal. Not because I don’t have extreme religious objections to these injections. I do … but in my mind, having a religious objection would almost concede that the shots are safe or the shots are effective.”



He continued:

“I didn't want an exception for myself. I was against this mandate from 0 to 100. I wanted it rescinded, wholesale. I still want it rescinded wholesale. At no time was I looking for an exception for myself.”​

Because Miller resigned, it rendered him ineligible for a retirement pension. He explains why he made the decision anyway:

“Yes I gave up my command. I gave up my career. I gave up my retirement pension. But I still think I came out a winner, because after 19 years of service, I left the army with my integrity intact and my oath to the Constitution unbroken.”​

​

The military whistleblower site TRMLX has much more on the Miller saga, including his powerful rebuttal memo.

 

[marsh]

Vitamin D Treatment for Covid Becomes Latest Alleged 'Fake News' to Be Vindicated by Scientific Study

"As a safe, widely available, and affordable treatment, Vitamin D may help to reduce the severity of the COVID-19 pandemic."

thekylebecker.substack.com

Vitamin D Treatment for Covid Becomes Latest Alleged 'Fake News' to Be Vindicated by Scientific Study​

"As a safe, widely available, and affordable treatment, Vitamin D may help to reduce the severity of the COVID-19 pandemic."

Kyle Becker
10 hr ago

Public health authorities around the world suppressed scientific evidence that Vitamin D deficiency was associated with severe Covid outcomes, and furthermore, some officials misled the public about alleged studies showing the vitamin did nothing for treating the viral infection.

A 'Nature' report published in mid-November called the "Association between vitamin D supplementation and COVID-19 infection and mortality" is cause for concern for lockdown proponents.

Vitamin D deficiency has long been associated with reduced immune function that can lead to viral infection. Several studies have shown that Vitamin D deficiency is associated with increases the risk of infection with COVID-19.

However, it is unknown if treatment with Vitamin D can reduce the associated risk of COVID-19 infection, which is the focus of this study. In the population of US veterans, we show that Vitamin D2 and D3 fills were associated with reductions in COVID-19 infection of 28% and 20%, respectively [(D3 Hazard Ratio (HR) = 0.80, [95% CI 0.77, 0.83]), D2 HR = 0.72, [95% CI 0.65, 0.79]].

Mortality within 30-days of COVID-19 infection was similarly 33% lower with Vitamin D3 and 25% lower with D2 (D3 HR = 0.67, [95% CI 0.59, 0.75]; D2 HR = 0.75, [95% CI 0.55, 1.04]). We also find that after controlling for vitamin D blood levels, veterans receiving higher dosages of Vitamin D obtained greater benefits from supplementation than veterans receiving lower dosages. Veterans with Vitamin D blood levels between 0 and 19 ng/ml exhibited the largest decrease in COVID-19 infection following supplementation. Black veterans received greater associated COVID-19 risk reductions with supplementation than White veterans. As a safe, widely available, and affordable treatment, Vitamin D may help to reduce the severity of the COVID-19 pandemic.

The statistical analysis showed that "Vitamin D3 supplementation was associated with a 33% lower risk of COVID-19 infection ending in mortality within 30 days," the study noted. "However, results for vitamin D2 were statistically insignificant."

Vitamin D insufficiency affects almost 50% of the population worldwide.

Vitamin D supplements may have been helpful not only for treatment and prevention of Covid-19 treatment, but a host of other chronic illnesses. It was a win/win for the patients to get more sunshine and Vitamin D supplements, but arguably, a loss for public health professionals and the pharmaceutical industry that had gone into overdrive pushing a 'vaccines or nothing' Covid response.

The 'Nature' study further throws into serious question the decision to enforce lockdowns during the Covid pandemic, which compelled millions of civilians to stay indoors, and deprived them of the Vitamin-D-promoting powers of sunlight. Furthermore, there is scarce if any evidence that Covid-19 is spread outdoors.

Adding to the public's confusion on the matter, British Health Secretary Matt Hancock misled the Parliament in 2020 by stating that a Vitamin D study was conducted that showed it was not effective for treating Covid.

"Health Secretary Matt Hancock was told to 'get his facts straight' today after shooting down vitamin D as a potential coronavirus treatment despite a growing body of evidence from around the world suggesting it works," the Daily Mail reported at the time.

"Experts have for months been calling for officials to look into the immune system-boosting nutrient's effect on Covid-19 patients after a mountain of research showed a link to vitamin D deficiency," the report added.

"Mr Hancock told the House of Commons last week he had green-lit a Government-funded 'trial' investigating vitamin D and that it did not 'appear to have any impact'."

In 2020, however, there were data that showed strong correlations between Vitamin D and Covid outcomes. A University of East Anglia study showed that case rates tended to decrease with higher Vitamin D levels among the population.



A University of Chicago study found 60 per cent higher rates of Covid-19 with low levels of the 'sunshine vitamin' among a sample population of 500 Americans.



A study by Tehran University, in Iran, and Boston University analysed data from 235 hospitalised patients with Covid-19. Patients who had sufficient vitamin D - of at least 30 ng/mL— were 51.5 per cent less likely to die from the disease.



Vitamin D isn't the only alleged 'fake news' treatment to have been vindicated in recent weeks. Without going into arguments about the efficacy of the medication, doctors have won a concession from government lawyers that prescribing 'Ivermectin' for Covid infections in an off-label capacity is within the discretion of physicians.

Ivermectin, Hydroxychloroquine and Vitamin D have one thing in common: They were all low-cost alternatives to Covid vaccination and expensive treatments that Big Pharma dismissed out-of-hand during the pandemic. Was their rush to dismiss these treatments based on the Science or based on their profits? Further research is leading many to believe that it was much less of the former than the latter.

 

[marsh]

China’s Playbook For Influencing Washington Has Been Revealed, And Of Course Americans Are Involved

A delegation from a Chinese think tank met with a Wall Street executive last week to discuss faltering U.S.-China relations, The Wall Street Journal reported.

dailycaller.com

China’s Playbook For Influencing Washington Has Been Revealed, And Of Course Americans Are Involved​

PHILIP LENCZYCKI INVESTIGATIVE REPORTER
November 23, 20228:19 AM ET

• Maurice Greenberg, CEO of Starr Insurance Companies, recently convened with individuals associated with China’s Ministry of Foreign Affairs to discuss U.S.-China relations before briefing the Biden administration on the meeting, according to The Wall Street Journal.
• Greenberg’s team featured business leaders and former government officials who favor engagement with China, such as former Democratic Connecticut Sen. Joe Lieberman, who registered as a lobbyist for a Chinese company which the federal government later designated as a “national security threat” in 2020.
• “They are either demonstrating extreme naïveté or they are fully aware of who they are meeting with,” Peter Schweizer, president of the Government Accountability Institute, told the DCNF.

A delegation from a Chinese think tank associated with China’s Ministry of Foreign Affairs secretly met with a billionaire New York executive and a group of politically-connected individuals last week to discuss faltering U.S.-China relations, The Wall Street Journal reported, as China searches for ways to maintain influence over Washington.

Maurice Greenberg, CEO of Starr Insurance Companies, and a select group of business leaders and former U.S. government officials reportedly discussed issues such as Taiwan, North Korea and Russia’s invasion of Ukraine with representatives from the Chinese People’s Institute of Foreign Affairs (CPIFA) on Nov. 11 and 12, the WSJ reported. The Biden administration was subsequently briefed on Greenberg’s conference, which occurred just days before President Joe Biden met General Secretary Xi Jinping in Indonesia on Nov. 14.

Greenberg’s involvement in politics dates back decades, and in recent years he’s donated heavily to the Republican Party, giving $10 million to a super PAC which supported Jeb Bush’s presidential campaign in 2016. In addition to Greenberg, 12 individuals accompanied him to meet with CPIFA, including former Connecticut Democratic Sen. Joe Lieberman and former ambassador to China, Max Baucus, both of whom belong to a new group Greenberg formed in July which allegedly aims to “re-establish a constructive bilateral dialogue” with China, according to a WSJ opinion piece written by Greenberg.

Lieberman served as a Democratic senator from Connecticut between 1989 and 2013, while Baucus served as a Democratic senator from Montana beginning in 2002 until former President Barack Obama appointed him the U.S. ambassador to China in 2014.

“They are either demonstrating extreme naïveté or they are fully aware of who they are meeting with,” Peter Schweizer, author of “Red-Handed: How American Elites Get Rich Helping China Win,” told the DCNF. “None of these individuals strike me as naïve.”

CPIFA is allegedly a front group for the United Front Work Department (UFWD), according to analysts at the Hoover Institution. The UFWD serves the Chinese Communist Party (CCP) and has engaged in espionage, propaganda and the use of physical violence, the State Department announced in 2020.

Although the full roster of CPIFA’s delegation to New York remains unclear, the DCNF determined that multiple policy experts who’ve worked for UFWD and Chinese intelligence front groups round out the organization’s administration.

For example, UFWD heavyweights, such as Tung Chee-hwa, the founder of the China-United States Exchange Foundation (CUSEF), and Wang Huiyao, the head of the Center for China and Globalization (CCG), belong to CPIFA’s council. Both CUSEF and CCG are prominent UFWD front groups, according to the U.S.-China Economic and Security Review Commission.

CPIFA’s advisory board also features Zheng Bijian, Ding Yifan and Wang Jisi, who’ve worked for the China Reform Forum, which Chinese intelligence analyst Alex Joske identified as a front group for the Ministry of State Security in his book “Spies and Lies.”

Chinese Premier Wen Jiabao (R) shanks hands with Maurice Greenberg, former chairman and CEO of American International Group (AIG) during a meeting with entrepreneurs from various countries at China Development Forum at The Great Hall Of The People on March 19, 2012 in Beijing, China. (Photo by Lintao Zhang/Getty Images)

Greenberg has consistently prioritized engagement with China in spite of Beijing’s human rights abuses, such as when he accompanied former Secretary of State Henry Kissinger to Beijing in December 1989, just months after the Tiananmen Square Massacre. Despite the Chinese government’s slaughter of as many as 10,000 protestors, Greenberg allegedly promoted continued bilateral engagement throughout his visit, an eventuality which would financially benefit his Chinese insurance company.

Both Lieberman and Baucus have also had significant financial stakes in China, as detailed in Schweizer’s best-seller, “Red-Handed: How American Elites Get Rich Helping China Win.”

In 2018, Lieberman registered as a lobbyist for the Chinese state-backed technology company ZTE, which the Federal Communications Commission subsequently designated as a “national security threat” for endangering the “integrity of our communication networks” in 2020.

Likewise, Baucus served on the board of advisors for the Chinese firm Alibaba until 2019 — a company which reportedly poured hundreds of millions of dollars into Chinese companies which the U.S. Treasury Department blacklisted in 2021 for developing racial profiling technology used by the Chinese government against ethnic minorities in Western China.

Greenberg and his team appear to be putting profit over principles, Derek Scissors, senior fellow at the American Enterprise Institute, told the DCNF.

“The influence problem is far more our financial and tech companies pushing their short-term profits and stock prices as being vital to world peace or climate change cooperation or whatever the excuse of the day is,” Scissors told the DCNF. “They’d be doing that even if there was no United Front Work Department.”

Greenberg and his team are “clinging to the past,” Scissors said.
“Most people in that age cohort think first of the dynamic China of the 1990’s, where reform seemed so promising,” said Scissors. “That China is not only gone, Xi is deliberately burying it deeper.”

The State Department declined the DCNF’s request for comment, while Greenberg, Lieberman, Baucus and the Chinese Embassy did not respond.

 

[marsh]

‘This Is Insane’: Tucker Carlson Calls Out Fauci For ‘Lying About COVID’

Fox News host Tucker Carlson called out Dr. Anthony Fauci Tuesday evening for "lying about COVID."

dailycaller.com

‘This Is Insane’: Tucker Carlson Calls Out Fauci For ‘Lying About COVID’​

HAROLD HUTCHISON REPORTER
November 22, 202210:06 PM ET

Fox News host Tucker Carlson called out Dr. Anthony Fauci Tuesday evening for “lying about COVID” and failing to answer questions about the virus’s origins following Fauci’s last press briefing at the White House before his retirement.

“When the COVID pandemic began in early 2020, everyone wanted to be Tony Fauci. We did and had him on the show, actually, and then he started lying in ways so obvious that you could not ignore it, you began asking what is this about? The guy in charge of the COVID response is lying about COVID, why?”

Carlson said. “He lied about herd immunity, then he lied about masks, then he repeatedly lied about vaccines. You can’t lie if you’re a public health official, but he kept doing it. Today, Tony Fauci, who is now 81, held his last press conference and appropriately enough, he decided to tell one final lie about masks.”

Carlson then noted Fauci, who announced he would step down as President Joe Biden’s chief medical adviser Aug. 22, claimed that the unvaccinated were the “real danger” when it came to a potential winter spike of COVID. Fauci’s net worth reportedly increased by $5 million during the pandemic.

WATCH:
Video on website 3:24 min

“This is insane, this is not science. In fact, all of the science shows just the opposite. It’s more risky for most people to get the vaccine than to get COVID at this point. It’s not speculation, data from a bunch of countries, UK and Israel included, prove that. But Fauci doesn’t want us to know that? Remember, this is the guy who funded bat coronavirus experiments in Wuhan which at this point seem pretty likely to be responsible for the pandemic,” Carlson said.

Republicans on the United States Senate Committee on Health, Education, Labor and Pensions (HELP) issued a report in October claiming that the origin of the COVID-19 pandemic stemmed from a lab leak at the Wuhan Institute of Virology (WIV). Fauci faced questions about the funding of so-called “gain of function” research at the WIV.

“So a reporter from the Daily Caller decided to ask Fauci about this because how could you not ask? Were you involved in creating this virus? Where did this come from? Shouldn’t we know? Millions have died and you wrecked our economy,” Carlson continued. “But you’re not allowed to ask that question because then Joe Biden’s glass-ceiling shattering publicist shut the whole thing down.”

Carlson played video from a clash between White House press secretary Karine Jean-Pierre and Daily Caller White House correspondent Diana Glebova, before lambasting the White House press corps before singling out Today News Africa White House Chief Correspondent Simon Ateba for praise.

“It’s unbelievable, and the rest of the supine press corps sit there with their weird little masks on and say nothing,” Carlson said. “It’s left to some guy from Africa to point out the obvious, which is, what? This is the most legitimate question there is. Where did COVID come from and what are you doing to find out? Shut up.”

“This can’t go on forever,” Carlson said.

 

[marsh]

Mark Kelly Claims The Democratic Party Doesn’t ‘Understand’ How To Handle The Border

Democratic Arizona Sen. Mark Kelly believes party “absolutely” does not understand the border crisis, while Republicans talk without doing "anything about it."

dailycaller.com

Mark Kelly Claims The Democratic Party Doesn’t ‘Understand’ How To Handle The Border​

BRONSON WINSLOW CONTRIBUTOR
November 22, 20221:04 PM ET

Democratic Arizona Sen. Mark Kelly believes his own party “absolutely” does not understand the border crisis, while Republicans simply talk about it without doing “anything about it,” according to an interview with The Washington Post.

Kelly, who recently defeated Republican candidate Blake Masters in the Arizona senatorial election, told the Post that Democrats do not understand people’s frustration with the border issue, further saying that the country could benefit from stronger border security. Kelly believes Democrats don’t understand the issue, but Republicans have also failed to get anything done because they prefer to use it as a political point.

“When I first got to Washington, it didn’t take me long to realize that there are a lot of Democrats who don’t understand our southern border and a lot of Republicans who just want to talk about it. Don’t necessarily want to do anything about it, just want to use it politically,” Kelly said. “Our country would really benefit from stronger border security and comprehensive immigration reform.”​

“We still have a situation where a lot of Democrats don’t really understand it and a lot of Republicans just want to talk about it and use it for political purposes,” Kelly continued.​

​

Kelly hopes to make progress in border security, but believes it needs to be done “in accordance with our ethics and our values” while not demoralizing people, according to the Post.

Under the Biden administration, migrant deaths have skyrocketed, as at least 853 migrants have died trying to illegally cross into the U.S. in the past year. In fiscal year 2022, a record number of migrants, 2.3 million, attempted to enter the U.S.

In September, House Republicans introduced legislation to move funding from the Internal Revenue Service (IRS) to the U.S. Customs and Border Protection (CBP) as a response to the ever growing immigration issue. The legislation aims to refocus unused funds from the Inflation Reduction Act for the CBP to hire additional agents to secure the Southern border.

“Joe Biden’s priorities could not be more twisted. Americans don’t want more IRS agents; they want a secure border and safer streets. The DIRECT Funds for Border Security Act will deliver just that by investing in law enforcement,” Republican New York Rep. Claudia Tenney, who introduced the legislation, said.

 

[marsh]

Watch: Dr. Scott Atlas Sums Up Fauci's Legacy Of "Massive Harm" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Watch: Dr. Scott Atlas Sums Up Fauci's Legacy Of "Massive Harm"

WEDNESDAY, NOV 23, 2022 - 10:33 AM
Authored by Steve Watson via Summit News,

As Anthony Fauci officially ‘retired’ Tuesday, former White House Coronavirus Task Force advisor Dr. Scott Atlas eloquently summarised the legacy Fauci leaves behind, one of “massive harm” to society.

Appearing on Laura Ingraham’s show, Dr. Atlas described Fauci’s as having “presided over the biggest failure in public health history over two different presidential administrations. “

Atlas further charged that Fauci’s policies “were implemented and those policies shifted the burden of this illness from the affluent to the poor, and incurred massive harm on our children, psychological damage, long-lasting damage, an obesity crisis, and we really haven’t seen tip of the iceberg on that damage to children, and again, worse on low income and poor kids.”

“And thirdly and perhaps most importantly,” Atlas continued, “Dr. Fauci, Dr. Birx, his underling, and many other people at the CDC and talking heads on TV have destroyed trust in public health.”

Atlas urged that “we have a huge challenge as a country to fix what happened in [Fauci’s] wake.”

Video on website 4:56 min

As Fauci declared that his “final message” is for people to get keep getting booster vaccinations, Atlas noted that “Healthy people do not have a significant risk to a serious illness from COVID, that’s a fact, not an opinion. It’s been proven the world over.”

https://twitter.com/i/web/status/1595099661622284288

View: https://twitter.com/i/status/1595099661622284288
.51 min

“It is very fitting to hear this constant mantra of almost nonsensical utterings by Dr. Fauci,” Atlas asserted, adding “we know by now the data shows the vaccines, although they have pretty good protections for high risk people and the elderly against death, they do not stop the spread of infection, they don’t stop you from getting COVID infection. And the risk-benefit ratio for people other than high risk is very different.”



Atlas further warned “You have to decide if it is appropriate to take an experimental drug if you have low risk of serious illness, particularly children. In fact, anyone who recommends that children, healthy children should get the vaccine, an experimental drug, injected into them, there’s a question about medical ethics there.”

“Are we as a society going to go down the pathway of even if you believe that it stops the spread of infection, which would be contrary to science, are we going to use our children as shields for infections?” Atlas asked, adding “This is really uncharted territory for what’s supposed to be a civilized society.”

Dr. Atlas also urged that “It’s frightening to have people in power that don’t know what they’re talking about that use fear to sway the public instead of data.”

“You don’t often hear it, you may never have heard Dr. Fauci use data. And this is very frightening. Two-thirds of people in the United States who died from COVID, two-thirds have greater than or equal to six comorbidities,” Atlas explained.

Fauci also advised Americans to get tested and consider cancelling thanksgiving without feeling any guilt.

https://twitter.com/i/web/status/1595105863085490178

View: https://twitter.com/i/status/1595105863085490178
.43 min

Fauci again proclaimed that he has “nothing to hide,” and will cooperate with investigative hearings:

https://twitter.com/i/web/status/1595114806390185986

View: https://twitter.com/i/status/1595114806390185986
.51 min

https://twitter.com/i/web/status/1595100605797875712

View: https://twitter.com/i/status/1595100605797875712
.18 min

 

[marsh]

Huge Swathes Of Ukraine Without Power & Water After New Russian Strikes | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Huge Swathes Of Ukraine Without Power & Water After New Russian Strikes

WEDNESDAY, NOV 23, 2022 - 06:30 AM
Ukraine's energy operator Energoatom has announced Wednesday emergency power shutdowns in effect across all regions of the country amid a new large wave of Russian airstrikes. Sirens have been sounding throughout the day across the country.

President Volodymyr Zelensky in follow-up estimated that 10 million Ukrainians now lack access to electricity due to the attacks. "There are emergency shutdowns in addition to planned, stabilization ones," he explained. "The elimination of the consequences of another missile attack against Ukraine continues all day."



Casualties have been reported in the eastern cities of Dnipro and Zaporizhzhia, and at least one person has been reported killed in Kiev. Speaking of the renewed attacks on the capital, Mykhailo Podolyak, head of the Office of the Ukrainian President’s office said, "A new massive attack on infrastructure facilities is underway."

He described, citing recent anti-air defense systems acquired from Western countries, "While someone is waiting for World Cup results and the number of goals scored, Ukrainians are waiting for another score – number of intercepted Russian missiles. A new massive attack on infrastructure facilities is underway. In NASAMS, IRIS-T and Air Defense Forces we trust."

Kiev's mayor, Vitali Klitschko, issued an emergency message on social media warning that ongoing Russian strikes are "Hitting one of the capital’s infrastructure facilities. Stay in shelters! The air alert continues." Also alarming is that the mayor in a follow-up message said that water services have been suspended in Kiev after the major strikes.

https://twitter.com/i/web/status/1595404196861427715

View: https://twitter.com/i/status/1595404196861427715
.17 min

While it's not the first time that some war-hit parts of Ukraine have been left without electricity and water, the country is now in an extremely dire and urgent phase, having already seen an estimated half its national power infrastructure degraded or destroyed. Temperatures are quickly dropping, with the capital having witnessed its first snow earlier this month.

Nuclear power generation is also being severely impacted:

Several units were shut down at the Pivdennoukrainsk nuclear power plant in southern Ukraine due to a loss of power during Russian air raids across Ukraine, Ukraine’s nuclear energy firm Energoatom said.​

​

An Energoatom spokesperson said, "Everything is fine with the station. There is nowhere to generate electricity."​

Authorities have vowed to set up what they are calling "invincibility centers" which provide electricity, heat, and water for outage impacted areas. Zelensky said Tuesday night these would be made available around the clock as Ukraine endures the crisis. Rolling blackouts in some regions of Ukraine have been occurring for months already.




Meanwhile Zelensky has renewed his calls for Western backers to "close the sky".. "We repeat to our partners again and again that only full protection of the Ukrainian sky will protect both Ukraine and Europe from many possible escalations of Russian aggression and will definitely encourage Russia to truly end the war." His government has consistently lobbied Washington and NATO for more anti-air defense systems. This has Russia has expressly said it aims to degrade the national energy infrastructure.

 

[marsh]

US Manufacturing & Services Surveys Plunge "Deeper Into Likely Recession" | ZeroHedge

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US Manufacturing & Services Surveys Plunge "Deeper Into Likely Recession"​

WEDNESDAY, NOV 23, 2022 - 06:54 AM

Despite US macro data surprising to the upside for the last few months (generally on dismal expectations), US Manufacturing & Services surveys have been trending lower and analysts expected this morning's preliminary November S&P Global PMI data to continue that trend.. and they did but very dramatically.

S&P Global US Manufacturing plunged from 50.4 to 47.6 (contraction), well below the 50.0 expectation. This is the lowest since May 2020.
S&P Global US Services tumbled from 47.8 to 46.1 (contraction), below the 48.0 expectation.


Source: Bloomberg

Contributing to the decrease in the headline manufacturing figure was a renewed fall in output and a sharper decline in new orders. Demand conditions were stymied by inflation and economic uncertainty, according to panellists, with new sales falling at the quickest rate since May 2020. Alongside challenging domestic demand conditions, new export orders contracted at a sharper pace.

Excluding the initial pandemic phase in the first half of 2020, the rate of decline in the headline Services figure was the second-fastest on record.

Panellists often stated that the impact of inflation and interest rates on customer disposable income had dented demand conditions. In line with weak demand, new business fell at a solid pace in November. The second successive monthly decrease in new orders was the sharpest seen since May 2020.

Commenting on the US flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:

“Business conditions across the US worsened in November, according to the preliminary PMI survey findings, with output and demand falling at increased rates, consistent with the economy contracting at an annualised rate of 1%.



“Companies are reporting increasing headwinds from the rising cost of living, tightening financial conditions – notably higher borrowing costs – and weakened demand across both home and export markets.

“Skill shortages also remain a worrying constraint on expansion, but there is better news on supply chains, with supplier performance improving in November for the first time for over three years.

“While the reduced supply chain stress is partly a symptom of lower demand, the alleviation of supply delays removes a key driver of inflationary pressures and has helped moderate the overall rate of input cost inflation to a near two-year low. November even saw increasing numbers of suppliers, factories and service providers offering discounts to help boost flagging sales. Hiring has also slowed to a crawl so far in the fourth quarter as firms focus on reducing costs.

“In this environment, inflationary pressures should continue to cool in the months ahead, potentially markedly, but the economy meanwhile continues to head deeper into a likely recession.”

It app[ears The Fed is getting what it wanted...

 

[marsh]

UMich Sentiment Slides In November, Inflation Expectations Steady Near Multi-Year Highs | ZeroHedge

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UMich Sentiment Slides In November, Inflation Expectations Steady Near Multi-Year Highs​

WEDNESDAY, NOV 23, 2022 - 07:11 AM

As has been the case in recent months, the headline sentiment signal from UMich pales relative to the survey's measure of Americans' inflation expectations. This is the final print for November was the same as the flash print for the medium-term (3.0%) but the short-term (1Y) expectation dropped modestly from 5.1% to 4.9%...


Source: Bloomberg

The final headline sentiment print for November rose from the flash print (56.8 vs 54.7) and was better than expected as 'expectations' rose significantly from the flash print. The headline (and the two sub-indices) did all drop however on the month with current conditions tumbling from 65.6 to 58.8


Source: Bloomberg

Along with the ongoing impact of inflation, consumer attitudes have also been weighed down by rising borrowing costs, declining asset values, and weakening labor market expectations.



Buying conditions for durables, which had markedly improved last month, decreased most sharply in November, falling back 19% to its September level on the basis of high interest rates and continued high prices.


Source: Bloomberg

The Fed is working its magic on Americans' sentiment for sure.

 

[marsh]

New Home Sales Unexpectedly Jump In October, Prices Surged To Record Highs | ZeroHedge

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New Home Sales Unexpectedly Jump In October, Prices Surged To Record Highs​

WEDNESDAY, NOV 23, 2022 - 07:18 AM
After existing home sales tumbled, new home sales were expected to follow suit amid soaring borrowing costs and ever-higher prices (despite building inventories and incentives by homebuilders). They didn't...

The magical numbers from NAR showed new home sales rose 7.5% MoM (massively different from the 5.5% decline expected) which leaves new home sales down 5.8% YoY...


Source: Bloomberg

The total new home sales SAAR is hovering around the COVID lockdown lows...


Source: Bloomberg

Analysts suggest massive incentive programs drove this surprise jump in sales but median new home prices shot up to a record $493,000!!



Sales in the South rebounded after a sharp retreat a month earlier when Hurricane Ian slammed into Florida and parts of Georgia and South Carolina. The October pace in the South was still slower than in August.

There were 470,000 new homes for sale as of the end of last month, though the overwhelming majority remain under construction or not yet started. The number of for-sale dwellings under construction, however, was the smallest in six months. At the current sales pace, it would take 8.9 months to exhaust the supply of new homes.

Earlier this month, Michael Murray, co-chief operating officer at D.R. Horton Inc., one of the largest US homebuilders, said the company closed fewer homes than expected in the latest quarter due to slower sales, more cancellations and continued construction delays.

Finally, given the total collapse in homebuilder confidence (about future sales), which still has a long way to go to catch down to the collapse in homebuyer confidence, we would suggest real estate agents 'brace, brace, brace'...


Source: Bloomberg

Is that really where The Fed wants the US housing market to end up?

 

[marsh]

Credit Suisse Craters To Record Low After Revealing Staggering $88 Billion Bank Run | ZeroHedge

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Credit Suisse Craters To Record Low After Revealing Staggering $88 Billion Bank Run​

WEDNESDAY, NOV 23, 2022 - 07:29 AM
One month ago, weeks before the crypto sector was shaken by the crushing FTX bankrun which led to a quick and painful bankruptcy, and revealed that one of the world's biggest crypto exchanges and its "JPMorgan-esque" owner were nothing but hollow shells of fraud, another bank was suffering from a far bigger bank run.

Readers will recall that in mid-October we reported that the Fed was quietly wiring increasingly greater dollar amounts to the Swiss National Bank - which eventually peaked at around $11 billion weekly - which in turn was then using these dollar swap lines to plug USD funding holes within one or more Swiss commercial banks.



One didn't need to be a rocket surgeon to figure out that the bank in question was Credit Suisse, which had seen its stock tumble amid a relentless barrage of scandals, corporate mistakes and the occasional fraud (that we know of), and which we said was likely suffering from a painful behind-the-scenes bank run.

Fast forward one month, when this morning the 2nd largest Swiss bank confirmed our worst-case speculation, admitting that it had just gone through a staggering bank run in which clients pulled as much as 84 billion Swiss francs, or $88.3 billion, of their money from the bank during the first few weeks of the quarter, underlining ongoing concerns over the bank’s restructuring efforts after years of scandals.



Of course, as FTX learned the hard way, bank runs don't have a happy ending, and the Zurich-based bank warned on Wednesday that it will face a loss of up to 1.5 billion Swiss francs ($1.6 billion) for the three final months of the year, in large part as a result of the decline in wealth and asset management client funds from the start of October to Nov. 11. That, according to Bloomberg, is the worst exodus since the financial crisis.

The outflows were especially acute at the key wealth management unit, where they amounted to 10% of assets under management. While they have been “reduced substantially from the elevated levels of the first two weeks of October 2022,” they have yet to reverse, the bank said.

This means that just as we expected, the massive dollar swap lines were being used by the SNB to provide Credit Suisse with much needed, critical funding; had the funds not arrived, Credit Suisse would likely have liquidated!

The client withdrawals contrast with inflows at rival wealth managers in recent months. AT UBS Group AG, investors added more than $17 billion to the wealth management unit in the third quarter. Julius Baer Group Ltd. said on Monday that it saw a “clear improvement” in new money flows since the end of June, with wealthy clients adding a net 4.1 billion francs in the four months through October.

“The massive net outflows in Wealth Management, CS’s core business alongside the Swiss Bank, are deeply concerning -- even more so as they have not yet reversed,” said Andreas Venditti, banking analyst at Bank Vontobel AG in Zurich. “Credit Suisse needs to restore trust as fast as possible - but that is easier said than done.”

Analysts at JPMorgan Chase & Co. and Jefferies said the wealth-management outflows were much worse than expected, and warned that bank wasn’t out of the woods. Ethos Foundation, a proxy advisor, said more steps may be needed to restore investor confidence than the bank has so far outlined.

“Cutting cost is one thing but growing the business is another one,” Vincent Kaufmann, Chief Executive Officer of Ethos, said on Bloomberg TV. “Maybe they can do both, but it remains to be seen.”

Besides the massive bank run which has drained the bank's capital, the Zurich-based bank said it expects losses in both the wealth management division and its investment banking unit due to “subdued activity, market conditions, continued outflows of customer assets and the sale of non-core businesses.”

The bank's grim outlook underscores the urgency for the bank's latest (and soon to be former) Chairman Axel Lehmann to put Credit Suisse on a sustainable footing again through a sweeping overhaul that will see its investment bank carved up and greater focus placed on private banking.

Shareholders on Wednesday approved a capital raise of about 4 billion francs that’s needed to finance the restructuring, which will also see about 9,000 jobs cut by 2025.

“Credit Suisse is on an important journey,” Lehmann said in a speech posted on the lender’s website. “We will work to rebuild and refocus this proud 166-year-old Swiss institution with global reach.”

The market was not as optimistic, and Credit Suisse tumbled more than 5%, crashing to a new record low.



In conclusion, the dismal Credit Suisse news provides a handy comparison between the fiat and crypto regimes:

• FTX was hit with record bank run, and filed for bankruptcy in days, with no central bank to bail it out.
• Credit Suisse hit with record bank run, and both the SNB and Fed rushed to bail it out.

One wonders which system is a better representation of what true capitalism should be like...

 

[marsh]

Florida Orange Juice Supplies Squeezed, Forcing Ag Traders To Pull From Brazil | ZeroHedge

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Florida Orange Juice Supplies Squeezed, Forcing Ag Traders To Pull From Brazil​

WEDNESDAY, NOV 23, 2022 - 08:45 AM
US cold storage of orange juice plunged to the lowest level in half a century after extreme weather in Florida and citrus greening damaged production.

Dwlinidnig supplies boosted breakfast inflation as prices of orange juice hit record highs. There has since been a dramatic increase in the orange juice trade between the US and South America to balance out supplies.

Brazilian exports of orange juice to the US in the first four months of the season surged 58% from a year ago to a record 112,500 metric tons at the end of October, according to Bloomberg, citing data from Brazil's Secretariat of Foreign Trade.



US ag traders are resorting to Brazil, one of the world's top exporters of citrus, comes as US stockpiles of cold-stored orange juice plunged by 43% in September from a year earlier -- the lowest level since 1977, according to the latest US Department of Agriculture data.



A combination of diseases across Florida's citrus groves and Hurricane Ian destroyed crops are creating a supply crunch that has catapulted orange juice futures to record highs of more than $2 per pound.



We recently outlined "Orange Juice Prices Could "Increase Substantially" As Hurricane Pummels Florida's Top Citrus Grow Region." And that's precisely what's happening. So much so that demand exceeds supply boosting prices to record highs, and US ag traders resort to South South America to fill gaps.

Rabobank analyst Andres Padilla wrote in a recent note to clients that orange juice prices are set to rise 20-30% in US and Europe by early 2023.

 

[marsh]

After Years Of "Stimulus" Come Surging Debt & Falling Wages | ZeroHedge

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After Years Of "Stimulus" Come Surging Debt & Falling Wages

WEDNESDAY, NOV 23, 2022 - 08:16 AM
Authored by Ryan McMaken via The Mises Institute,

As interest rates rise on everything from mortgages to car loans to Treasurys, that also means interest is rising on credit card debt. That's not exactly great news as so many indicators point to a recession - and the worsening job situation that comes with it - on the horizon. Many Americans may soon find themselves in a situation with more debt at higher interest rates, all while real wages are falling.

Earlier this month, Bankrate.com reported that the average credit card interest rate has climbed to 19.04%. That's a 30-year high and the highest rate since 1991, when the rate hit 19%. That can mean real financial trouble for ordinary households, but it's what we should expect in the wake of this year's policy shift at the Federal Reserve to finally allow interest rates to drift upward after more than a decade of quantitative easing and ultralow-interest-rate policy.

Over the past year, the Fed has increased the target federal funds rate from 0.25% from 4.0%. NBC reports on how this affects credit card debt:

Increasing the federal funds rate cranks up what's known as the prime rate. That's the interest rate banks charge their most creditworthy customers. Currently, it is 7%. The final annual percentage rate for a credit card is determined by the prime rate plus a bank's margin for lending to a given customer.​

​

The new average is a substantial increase from the 16.3% average rate for credit cards at the beginning of the year. According to Bankrate, if you carry a $5,000 balance on a credit card — which is the current national average — making just the minimum payment each month at that rate would cost $5,517 in interest over 185 months, or about 15 years. At today's 19.04% rate, you would pay $6,546.​

The Fed report also reported "The strength in credit card demand and access coincided with the record growth in credit card balances over the past year." In its third-quarter report on household debt, the Fed further noted "Credit card balances saw a $38 billion increase since the second quarter, a 15% year-over-year increase marked the largest in more than 20 years."

Consumers apparently also expect to be spending more with credit cards in the near future, as well, as many are applying for even more consumer credit. According to a new report released Monday from the New York Federal Reserve, Americans are pursuing less new mortgage and auto debt, but continue to turn to credit cards:

The application rate for credit cards remained robust during 2022, reaching 27.1% in October 2022, above its October 2021 level of 26.5% and its pre-pandemic reading of 26.3% in February 2020. The average application rate for credit cards for 2022 overall was 26.7%, 3.6 percentage points higher than the average rate for 2021.​

Should we be worried about this? Fed economists would tell you no because it is assumed that Americans allegedly have a huge savings stockpile that they can use to avoid defaults or pay down debt. Yet, this casual attitude toward mounting debt appears less and less warranted every day. With the job market softening, real wages falling, and interest rates rising, rising debt levels can't so easily be waved off.

A Free Money Surge Followed by Plummeting Saving Rates
After all, back in 2021, consumers were indeed using their stimulus checks to pay off credit card debt. They were saving more than they have in decades. Plus, as the Fed further pushed down interest rates, consumers were refinancing home loans into even cheaper loans. Yet, as the new spike in credit card debt shows, those days are over. Moreover, now that the stimulus checks have dried up, the savings rate has plummeted to the lowest level we've seen since 2008.

It appears that savings stockpile has not yet been totally depleted, but we're already well on the way there. Some analysts estimate this means consumers have about nine to twelve months left in that savings cushion.



But this may prove to be optimistic depending on at least three factors: if real wages continue to fall, if job losses mount quickly, and if interest rates continue to rise.

Falling Wages, Job Losses, and Rising Interest Rates
First, there's the problem of real wages. As we've seen, price inflation has been exceeding wage growth, and this has meant ordinary Americans (on average) have seen their real wages fall for nineteen months in a row. That won't exactly help expand workers' savings.



Second, it can no longer be said there is an economy-wide worker shortage. Certainly, there do appear to still be worker shortages in retail services and food services, but real estate and tech don't appear to be faring as well.

Rather, every week now brings multiple announcements of new layoffs from tech firms and from real estate/construction firms. After tens of thousands of layoffs announced in recent weeks from Facebook, Amazon, and Twitter, Google announced 10,000 layoffs today, and Fidelity National Information Services announced thousands more. Real estate sales platform Redfin, has recently closed it home-flipping business and cut more than 800 employees.

From real estate to tech to the crypto economy, we can expect more layoffs and losses as easy money tightens up.

And finally, the issue of rising interest rates which, in addition to bringing job losses in the larger economy, will accelerate the burden that new credit card debt places on consumers. This will lead to rising delinquencies and tightening budgets overall. Some observers have suggested that credit card debt is no big deal right now because total credit card debt—even with the current surge over last year's totals—is not significantly above the longer-term trend. That would be fairly compelling were it not for the fact that these mounting debts are also happening alongside one of the fastest increases in interest rates we've seen in decades. Thanks to the Fed getting so behind the curve on price inflation, we're in the midst of the fastest cycle in rising interest rates since at least the 1980s. Yet, over the past 40 years, rising debt levels have occurred alongside ongoing declines in interest costs. Now that process is going in reverse, and interest rates have rapidly returned to 2007 levels. If the current upward trend in interest rates continue, this could mean a sizable increase in the burden that consumer debt places on ordinary households.



All of this would be made worse, of course, by further slide into recessionary territory. Up until this month's election, both the Fed and the Administration repeatedly denied that a recession is coming or is already here. This was in spite of two quarters of row of declining economic growth which has generally been labeled a recession by economists. But even if the first half of 2022 ends up not being labeled a recession, the data now strongly points toward one in 2023. The yield curve has inverted, global trade is softening, advertisers are pulling back, and real estate prices are sliding toward declines.

Recession Almost Guaranteed
Indeed, now with the election safely over, even some Fed economists are starting to admit a recession is in the works. Eric Rosengren earlier this month admitted that a recession is likely, although he was careful to call it a "mild" recession. This is highly significant because the role of Fed economists is to generally be cheerleaders and to never speak of recessions until they are undeniable. After all, then-Fed Chair Ben Bernanke denied a recession was in the works as late as the first quarter of 2008. That was months after the recession had already started. The Fed always underplays secession risk, so it is remarkable if Rosengren is admitting any sort of recession is likely. Meanwhile, the administration now admits the boom days are over, but is now insisting that a soft landing is possible, and there will merely be a slowing of economic growth.

Yet, for all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. In all this, we can thank the economists and technocrats at the Federal Reserve for years of malinvestments and an economy of zombie companies and fragile household budgets built on a shaky foundation of easy money and mounting debt. It didn't have to be this way, but the regime is addicted to easy money and the Fed is more than happy to oblige. Now we have to deal with the inevitable bust that comes after the artificial and unnecessary inflationary boom.

 

[marsh]

Demographic Cliff + Let It Rot = Collapse Of Global Growth | ZeroHedge

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Demographic Cliff + Let It Rot = Collapse Of Global Growth

WEDNESDAY, NOV 23, 2022 - 09:45 AM
Authored by Charles Hugh Smith via OfTwoMinds blog,

As workforces shrink and opting out becomes increasingly attractive, Global Growth implodes on both the production and consumption sides.

A funny thing happened on the way to permanent global growth. Actually, three funny things happened. One is the cheap, easy-to-access materials that enabled a vast expansion of consumption have been pulled out of the ground and what's left will cost more going forward, meaning there will be less to squander on consumption.

True Believers are confident that some Savior Technology will emerge and scale up globally to save us from any nasty reduction in consumption, but they overlook the inconvenient fact that all the proposed Savior Technologies need vast quantities of the same materials that we've already consumed.

Two other funny things will also impact global growth: the sharp decline in birth rates in most developed and many developing nations--the Demographic Cliff--and the collapse of young workers' willingness to sacrifice themselves on the altar of Global Growth (i.e. systemic inequality) via working in miserable conditions for low pay--wages that will never enable the purchase of a home or support a family.

Since it's hopeless to secure "the good life," why bother sacrificing one's life? Why not enjoy life on a much more modest level?

This rejection of self-exploitation in service of further enriching the already-rich is global: The most descriptive terms are from China--laying flat and let it rot--but they apply to youth around the world.

Unfortunately for the already-rich benefiting from Global Growth, this puts upward pressure on global wages as employers have to offer higher wages to entice reluctant young workers: Younger Chinese are spurning factory jobs that power the economy (Reuters.com)

Higher wages might have some effect on the margins, but the real problem is vast wealth-income inequality created by hyper-financialization and hyper-globalization. Increasing wages by 10% isn't going to fix what's broken. Doubling wages and eliminating all taxes on labor would be a start. (Taxes on capital and financialization's churn would have to rise significantly to offset the elimination of taxes on labor.)

As the charts below indicate, the population of elderly living off the labor of the younger generations will soar, putting increasing financial pressure on governments and pension plans. Scrape away the hype and obfuscations and all pension/healthcare for the retired cohort are pay as you go, i.e. funded by taxes on the current workforce.




As that workforce shrinks, the burden will quickly become unbearable. Promises made when there were four workers for each retire break down when there's only 1.5 workers per retiree.

Wages' share of the economy has a long way to climb to reach previous levels. As wages rise, capital's share of the economy will have to shrink. The already-rich will become less rich.



Many commentators are confident young workers will be forced by need to take miserable jobs at miserable rates of pay. I suspect these commentators don't understand the immense spectrum of options to opt out. In developing economies, young people can return to villages with family homes and grandparents. Young people in both developed and developing economies can take informal gig jobs that earn just enough to get by, or find ways to produce real goods and services on a modest scale.

As I've often discussed here over the years, opting out is the best strategy when things fall apart. Trying to maximize your self-exploitation leads to burnout. The decision to abandon self-exploitation in service of increasing the wealth of the already-rich opens the door to Self-Reliance in the 21st Century.

As workforces shrink and opting out becomes increasingly attractive, Global Growth implodes on both the production and consumption sides. Toss in higher costs due to the depletion of the easy-to-exploit materials and the foundations of Permanent Global Growth crumble into dust.

Plan accordingly.

 

[marsh]

Entire Season Of Snow Could Dump On Texas Panhandle; Pipeline Operators Warned About 'Freak Storm' | ZeroHedge

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Entire Season Of Snow Could Dump On Texas Panhandle; Pipeline Operators Warned About 'Freak Storm'​

WEDNESDAY, NOV 23, 2022 - 07:00 AM

One of the snowiest spots in the country during the Thanksgiving holiday is a very unlikely place: the Texas panhandle.

Weather Underground provides two forecasts: the EURO Model beating the GFS Model regarding how much snow accumulation is expected across the Texas panhandle.

The EURO model expects 12-18 inches for a large swath of the state's northernmost part, consisting of 26 counties. In Amarillo, forecasts show 18-24 inches.



The GFS model isn't as severe, with a large swath of the region forecasted to receive 8-12 inches with pockets of 12-18 inches south of Amarillo.



Meteorologist John Homenuk tweeted: "The TX Panhandle needs precipitation, but I can't say this is how I envisioned them getting it in the short term."

Homenuk tweeted snowfall forecasts through Saturday that show much of the Texas panhandle will expect accumulating snow.



"The combination of high winds and heavy wet snow through Thursday night into Friday will create whiteout conditions which will make travel extremely dangerous," local news ABC 7 said.

According to the National Weather Service, Texas Panhandle averages 17 inches of snow throughout the winter. If the weather models hold up, some areas could receive an entire year's worth of snow in the next few days.

This is undoubtedly a 'freak' event but not unexpected, as we noted on Nov. 7 that "Frigid Weather Set To Swoop Across Country."

The Texas Railroad Commission warned oil and gas operators across the Midland-Odessa and Panhandle regions about wintry precipitation through Friday.



The devastating cold snap of early 2021 is still fresh in the minds of millions of Texans.

 

[marsh]

EU Parliament Hit By Pro-Kremlin Cyberattack After Russian Terror Designation | ZeroHedge

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EU Parliament Hit By Pro-Kremlin Cyberattack After Russian Terror Designation

WEDNESDAY, NOV 23, 2022 - 11:22 AM
The European Parliament on Wednesday voted to formally recognize Russia as a "state sponsor of terrorism" for what it called "deliberate attacks and atrocities carried out by the Russian Federation against the civilian population of Ukraine."

European legislators also cited "serious violations of human rights and international humanitarian law amount to acts of terror" in the overwhelming vote in favor of the terror label. The move is more symbolic than anything, however, carry no specific legal consequences for Moscow.

The EP is now urging the European Union to enact the same, which would mark a major escalation in already spiraling relations, as it would also likely require more sanctions.

The parliament statement said it "recognizes Russia as a state sponsor of terrorism and as a state which uses means of terrorism."

Ukraine's President Volodymyr Zelensky praised the designation, saying Wednesday, "Russia must be isolated at all levels and held accountable in order to end its long-standing policy of terrorism in Ukraine and across the globe."

At the same time, Russian Foreign Ministry spokesperson Maria Zakharova angrily dismissed the move, writing on Telegram: "I propose recognizing the European Parliament as a sponsor of idiocy."

Immediately after the vote, European officials accused Russia of mounting a "sophisticated" cyberattack:

"I confirm that the Parliament has been subject to an external cyber attack, but the Parliamentary services are doing well to defend the Parliament," Dita Charanzová, Czech MEP and Parliament vice president responsible for cybersecurity, said in a statement.​

Another senior Parliament official, requesting not to be named, said "it might be the most sophisticated attack that the Parliament has known so far."

Eva Kaili, who is the Greek vice president of the European Parliament, pointed the finger at Moscow, saying, "We have a strong indication that it is from Killnet, the hackers with links to Russia indeed. This is my information, but it is under control. It only cut the external access to the Parliament's website ... Unless there is extra attacks we expect it to be back and accessible very soon."

Shortly after, a group believed by the West to have ties to the Russian state claimed responsibility:

PRO-RUSSIA GROUP KILLNET CLAIMS RESPONSIBILITY FOR DDOS ATTACK​

And similarly, the German Greens' MEP Alexandra Geese said on Twitter: "This morning Russia was still designated as a terrorist state in an official resolution. This afternoon the entire network collapses in [the European Parliament]." The attack mainly impacted the European Parliament website.

 

[marsh]

The Rise And Fall Of Global Nuclear Energy? | ZeroHedge

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The Rise And Fall Of Global Nuclear Energy?

WEDNESDAY, NOV 23, 2022 - 05:10 PM
The global energy crisis brought about by Russia's invasion of Ukraine has increased interest in alternative energy sources, including nuclear, around the world.

However, as Statista's Katharina Buchholz explains below, the age of nuclear infrastructure, the fact that the technology had entered a phase-out mode in many nations, and the continued resistance to new nuclear projects complicates a quick u-turn for many nuclear programs.


Infographic: The Rise And Fall Of Nuclear Energy? | Statista
You will find more infographics at Statista

As seen in data by the World Nuclear Industry Status Report, most nuclear energy programs were started in the 1970s, a fact that reflects in the age of nuclear reactors today. Despite some nuclear programs having ended (and many more scheduled for phase-out), the number of nuclear programs in the world has plateaued for many decades as some nations still take up the technology, most recently the United Arab Emirates and Belarus in 2020.

Poland at the end of October announced that it is looking to start using nuclear energy in 2033. Around that time, six other nuclear programs - among them the ones in Belgium, Germany, Switzerland and Spain - will be scheduled to have shut down, even though this could now be subject to change.

Balancing out a dip in nuclear programs could be Italy, which is discussing taking up the technology again under its new right-wing government despite abandoning and even outlawing it after the 1986 Chernobyl disaster. More u-turns are possible in Sweden and the Netherlands.

Some small steps towards nuclear extension are happening in countries known for die-hard opposition to nuclear energy, but they are facing the expected roadblocks. Germany recently extended the ability to use its remaining three reactors until April 2023 among a lively public debate.

Originally, the country had planned to shut off all reactors by the end of this year. In Japan, which reduced the number of operating reactors significantly since the Fukushima disaster in 2011, some reactors are approaching 60 years of age - the former lifespan cap that the country might now do away with due to the current circumstances. In Belgium, where mean reactor age is above 40 years, a petition to postpone the September shut-off of one reactor failed, while the government extended the end-of-life of three others from 2023 to 2025 after the invasion of Ukraine and might even run some until 2035.

Despite the plateau in nuclear energy programs, the relative importance of the technology has still decreased as the capacity of other energy types outgrew nuclear. In 2021, the technology produced less than 10 percent of global electricity, down from a high of 17.4 percent in 1995 and 1996. Looking at all of the world's energy needs, not just electricity, nuclear contributed just 4.3 percent.

 

[marsh]

Federal Court Strikes Down Another Provision Of New York's New Gun Control Law | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Federal Court Strikes Down Another Provision Of New York's New Gun Control Law

WEDNESDAY, NOV 23, 2022 - 03:55 PM
Authored by Jonathan Turley,

I have previously written about how New York has proven time and time again as the gift that keeps on giving for the National Rifle Association (NRA) and gun-rights groups. New York Democrats continue to pass laws that are virtually guaranteed to be struck down and further reinforce Second Amendment rights. The latest provision involves the possible criminal prosecution for possessing a gun on private property if owner has not approved such possession on the premises.

New York Democrats have passed a series of laws that led to catastrophic losses in federal court, including the recent major ruling in New York State Rifle & Pistol Association, Inc. v. Bruen. This includes openly gaming litigation to the irritation of individual justices.

After each loss, the same politicians circle the firing squad again and pass the next round of questionable gun limits. New York Democratic Gov. Kathy Hochul promised such legislation within an hour of the release of Bruen. It passed with the help of a special session in the resumption of this inexorable cycle and has already resulted in court losses. Now there is a new such ruling against the law.

In New York State Rifle & Pistol Ass’n, Inc. v. Bruen, 142 S. Ct. 2111 (2022), the Supreme Court rejected the prior New York law under the Second Amendment to publicly carry firearms for self-defense. The Court held that New York’s “proper cause” licensing regime unconstitutionally infringed this right. New York responded roughly a week later with Senate Bill S51001 (June 30, 2022, Extraordinary Session). The new law created a target rich environment for new challenges.

The new decision comes from Judge John Sinatra (W.D.N.Y.) in Christian v. Nigrelli: where the court ruled that the private property exclusion violates the Second Amendment.

The state might have been able to reinforce an important right of private business owners to exclude guns with a reasonable drafting of the law. Instead, it sought to use the issue to effectively ban guns from “sensitive” and privately owned areas.

Gov. Kathy Hochul again made the case against her own state in ill-considered comments where she proclaimed that S51001 “makes ‘no carry’ the default for private property” by “establish[ing] that private property owners must expressly allow a person to possess a firearm, rifle, or shotgun on their property[.]” That default is the problem.

The provision at issue is § 265.01-d:

Criminal possession of a weapon in a restricted location.​

​

1. A person is guilty of criminal possession of a weapon in a​

restricted location when such person possesses a firearm, rifle, or shotgun and enters into or remains on or in private property where such person knows or reasonably should know that the owner or lessee of such property has not permitted such possession by clear and conspicuous signage indicating that the carrying of firearms, rifles, or shotguns on their property is permitted or has otherwise given express consent.​

​

Plaintiff Brett Christian complained that he is:

​

“unable to carry firearms on his person throughout the State because of S51001’s designation of private property, even private property open to the public, as “restricted locations.” Christian Dec. ¶¶ 10, 11. Christian brings his firearm with him on private property open to the public, such as weekly visits to gas stations and monthly visits to hardware stores. Christian Dec. ¶ 10. He intended to continue to do so, but for the enactment and enforcement of S51001. Christian Dec. ¶ 10. Moreover, since S51001 bars even “entering” these locations, Plaintiff will need to disable and store his firearms before driving his vehicle or walking into parking lots, which means in some instances, Plaintiff will need to stop carrying for selfdefense before he can get physically close enough to see if any “clear and conspicuous signage” Case 1:22-cv-00695-JLS Document 19-1 Filed 09/28/22 Page 14 of 30 10 exists permitting him to carry. Christian Dec. ¶ 11. Not only does this put Plaintiff at risk of uncomfortable situations with passersby observing him disable and store his firearms, but the fact he has to constantly disarm greatly reduces his ability to defend himself throughout the State. Christian Dec. ¶¶ 11, 12.”​

​

The court found a sufficient injury and a substantial likelihood of prevailing on the constitutional violation.

​

“In sum, the vast majority of land in New York is held privately, and it encompasses homes, stores, businesses, factories, vacant land, hotels, parking lots and garages, grocery stores, pharmacies, medical offices, hospitals, cemeteries, malls, sports and entertainment venues, and so on. These are places that people exercising their rights, frequent every day when they move around outside their homes. The exclusion here makes all of these places presumptively off limits, backed up the by the threat of prison. The Nation’s historical traditions have not countenanced such an incursion into the right to keep and bear arms across all varieties of private property spread across the land. The right to self-defense is no less important and no less recognized on private property.”​

​

Unfortunately, there is no evidence that New York is committed to ending its historical use of a circular firing squad on Second Amendment rights. Hochul used the law to rally support from voters despite this likely outcome. It is all crushingly predictable. Hochul won the election and yet another provision in the law was found unconstitutional. As a result, New Yorkers have once again strengthened Second Amendment precedent in support of gun rights.

​

There is the opinion granting the preliminary injunction: Christian v. Nigrelli

 

[marsh]

Billionaire Mike Bloomberg Begs Forgiveness For BoJo Speech Bashing Beijing | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Billionaire Mike Bloomberg Begs Forgiveness For BoJo Speech Bashing Beijing

WEDNESDAY, NOV 23, 2022 - 03:05 PM
Authored by Dorothy Li via The Epoch Times (emphasis ours),

Michael Bloomberg, chair of the Pentagon’s advisory panel, apologized to attendees at an economic forum hosted by his company after former UK Prime Minister Boris Johnson’s speech that singled out the communist Chinese regime.

Bloomberg issued the apology on Nov. 17 at the Bloomberg New Economy Forum hosted by his corporation in partnership with the Singapore government.

“Some may have been insulted or offended last night by parts of the speaker’s remarks referencing certain countries and their duly elected leaders,” Reuters reported Bloomberg said.

“Those were his thoughts and his thoughts alone, not cleared in advance by anyone or shared with me personally,” Bloomberg told the conference, referring to Johnson’s remarks.

“To those of you who were upset and concerned by what the speaker said, you have my apologies,” he added.

According to the version released by Johnson’s spokesperson, the former prime minister described China and Russia as “two former communist tyrannies” to the gathering of business leaders, academics, and government officials from dozens of countries.

“Let’s look at Russia and China. The two former communist tyrannies in which power has once again been concentrated in the hands of a single rule, two monocultural states that have been traditionally hostile to immigration and that are becoming increasingly nationalist in their attitudes,” Johnson said, according to his spokesman.

Johnson said China and Russia “are willing to show a candid disregard for the rule of international law, and two countries that in the last year have demonstrated the immense limitations of their political systems by the disastrous mistakes they have made.”

The spokesperson said Johnson’s criticism was only against the Chinese authorities, not the country or Chinese people.

The Epoch Times reached out to Bloomberg LP for comment.

Bloomberg, founder of Bloomberg LP, the parent of Bloomberg News, didn’t specify whether his apologies were for the Chinese people or the communist regime.

The billionaire has previously landed in the headlines for defending the Chinese Communist Party (CCP). In 2019, the entrepreneur said the party’s top leader Xi Jinping “is not a dictator.”

“The Communist Party wants to stay in power in China, and they listen to the public … Xi Jinping is not a dictator. He has to satisfy his constituents, or he’s not going to survive,” Bloomberg said in a television interview with Firing Line in September 2019.

Bloomberg was asked several times about his comment when he ran for U.S. president in 2020, and the former New York mayor avoided pinning the label of “dictator” on Xi.

Xi has become the country’s most powerful leader since the first ruler Mao Zedong. Last month, Xi secured a record-breaking third term in office and installed allies in the Party’s top decision-making body during the 20th National Congress, further tightening his grip over the party and the country.

In the opening remarks at the conference last Thursday, Bloomberg praised China’s vice chairman Wang Qishan, who attended via video link, as a “troubleshooter” and “problem solver.” The billionaire noted he met Wang almost two decades ago, when Bloomberg served as mayor of New York and Wang was mayor of Beijing.

Bloomberg’s apology raised concern among activists who pointed to his position in the U.S. Department of Defense.

Read more here...

 

[marsh]

Why Is The US Losing Oil Refining Capacity? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Why Is The US Losing Oil Refining Capacity?​

WEDNESDAY, NOV 23, 2022 - 11:40 AM
Authored by Robert Rapier via OilPrice.com,

• The U.S. energy policy is clear about its intention to phase out fossil fuels.
• This has forced refiners to exercise caution in order to stay afloat.
• It has also resulted in a loss of U.S. refining capacity.

One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. Today I will discuss the factors that led to this loss.

According to the Energy Information Administration (EIA), at the beginning of the pandemic U.S. refiners had 19.0 million barrels per day (BPD) of operable refining capacity (Source). This was the highest number ever reported by the EIA.

By December 2021, that number had fallen to 17.9 million BPD — a loss of 1.1 million BPD of capacity in less than two years.



Here is the thing many need help understanding about refining. It is a boom-and-bust business, and these refiners do not have crystal balls. It is widely reported when they make huge profits, but they also regularly endure huge losses.

U.S. energy policy has been clear about the intent to phase out fossil fuels. If you are a refiner forecasting billions in losses — and you require massive investments in order to keep your refinery operating safely and in compliance with the laws — you may very well simply make the decision to close down.

There are two excellent sources of information detailing which refineries closed, and why they closed. The first is the EIA.

During the summer, the EIA reported U.S. refinery capacity decreased during 2021 for second consecutive year, in which they discussed one of the major closures in 2021. They also showed this excellent graphic of how refinery capacity has evolved in recent years:



But I stumbled upon a more detailed look recently. In a Twitter thread, Laura Sanicola, an oil and energy reporter at Reuters, highlighted the individual refinery closures from the start of the pandemic through June 2022:

She reports on nine refinery closures, but the theme is consistent. Most of the refineries were closed due to demand loss as a result of the Covid-19 pandemic.

But, aren’t these companies earning billions of dollars? Isn’t that an argument for keeping these refineries open? There are two points to make on that argument.

First, it is possible to make billions of dollars as a company, but to lose money consistently in an individual refinery.

We have seen this happen a lot with East Coast refiners that didn’t have access to cheaper oil from the U.S. shale boom. They had to continue to procure crude oil on the international markets, and that put them at a competitive disadvantage.

Second, current refiner profits are a snapshot in time. Today, U.S. demand for petroleum has largely recovered. In fact, distillate demand has recovered to pre-pandemic levels. But, these companies are projecting the future.

They are looking at long-term demand forecasts for petroleum products.

Those projections indicate declining fuel demand over time. Thus, they do not want to invest billions of dollars that could take a decade or more to pay off.

Imagine that you are running a chain of stores. Overall, your company is highly profitable, but you have stores that are consistently unprofitable.

Further, those stores are outdated, the outlook for demand in these areas is weak, and it will cost a lot of money to upgrade them. You would probably close those locations.

That, in a nutshell, is why we have lost refining capacity in the U.S. It’s going to take some changes in our energy policy to address this.

 

[marsh]

"US Flips Into Withdrawal Season" As NatGas Prices Surge | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"US Flips Into Withdrawal Season" As NatGas Prices Surge​

WEDNESDAY, NOV 23, 2022 - 12:04 PM

US natural gas prices jumped Wednesday on a combination of thin holiday trading ahead of Thanksgiving, colder weather forecasts, and a bigger-than-expected draw in inventories.

Futures in New York for December jumped as high as $7.60/mmbtu, or about 82 cents, on cooler forecasts, peaking around 0900 ET. Prices slid from the high but gained slightly after EIA reported a bigger-than-expected draw in inventories at 1030 ET. As of 1400 ET, prices were up 59 cents to $7.37.



"The United States has officially flipped over to withdrawal season as the cold set across the East and Midwest in the last week, driving gas burns higher and ramping industrial and residential plus commercial (ResComm) demand.

The cold was coupled with weak production in Appalachia, but strong production in South Central and Canada helped meet that rising demand," Houston-based energy firm Criterion Research said.

They added: "The current weather outlook is setting up for another burst of cold in early December, which will stack on top of the partial return of Freeport LNG in mid-December. We likely roll into January and February with record-high LNG demand to help supply Europe, so if the US winter is colder than average, it sets up a very interesting March equations of state (EOS) storage picture."

Month-ahead forecasts for the Lower 48 show what could possibly be a colder December than what the 30-year trend calls for. This would mean ResComm demand would spike due to increased heating demand and add to more significant declines in inventories.



The flip has begun as the withdrawal season from NatGas storage is underway.



For this time of year, NatGas storage is around normal levels compared to a 25-year trend. But what can happen from here, as Criterion Research explained, is colder weather and LNG exports ramping up could draw down inventories down much quicker.



Besides fundamentals, Dennis Kissler, senior vice president of Bok Financial Securities, told Bloomberg the move today was due to technical short covering as prices climbed above the 50-day and 100-day moving averages.

 

[marsh]

Why China Will Win (In 1 Simple Chart) | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Why China Will Win (In 1 Simple Chart)​

WEDNESDAY, NOV 23, 2022 - 06:50 PM
Becoming an astronaut has seemingly lost some of its glamor, at least in the United States and the United Kingdom, where children are three times more likely to want to be a social media influencer than to jet off into space.

However, in a potential sign of hegemonic things to come, Statista's Anna Fleck notes that in China, the opposite is true, with more than half (56 percent) of 8 to 12-year-olds saying that they would most like to become an astronaut when they grow up and only 18 percent an influencer.

The following chart shows the responses of some 3,000 children who were asked which profession they are most drawn to, out of an influencer/YouTuber, astronaut, teacher, professional athlete and a musician, as part of a 2019 study by The Harris Poll and Lego Group. They could choose up to three options.


You will find more infographics at Statista

While the exact reason for the difference in aspirations is unknown, it likely comes down to a number of factors. Eric Berger from Ars Technica suggests that one possible reason could be that the education system in China places a higher emphasis on the value of science and space exploration.

After all, the survey also found that children in China showed more interest in space subjects than in the other two countries, and when asked about whether humans would eventually live on other planets or in outer space, 95 percent of Chinese children said they would want to live beyond Earth
themselves, whereas in the U.S. and UK it was still high, but under 70 percent.

Or perhaps it is less to do with a lack of interest in space and more about the glamorization and relative exposure to social media per country. Where the United States and the United Kingdom have upped their social media usage in recent years, China has started to tighten its restrictions on such sites, especially when it comes to kids, citing the dangers of internet addiction and negative impacts on youths' eyesight, concentration and mental health.

Measures have tightened further in the years since the survey took place, with a “youth mode” added to Douyin, the version of TikTok available in China, which does not permit children under the age of 14 to use it for more than 40 minutes a day or between the hours of 10 p.m. and 6 a.m. The app also reportedly shows more educational content (and more political censorship) than the international version. By contrast, social media has relatively few restrictions in the United Kingdom and the United States.

 

[marsh]

(Brazil)

21.11.22 Brazil .. for the 21st consecutive day, the people are asking the Armed Forces for help .15 min

21.11.22 BRAZIL .. FOR THE 21ST CONSECUTIVE DAY, THE PEOPLE ARE ASKING THE ARMED FORCES FOR HELP​

• WATCH

Protesters demand the ineligibility of candidate Lula, justice in elections and respect for the constitution.

^^^^^
22.11.22 indigenous tribes say they voted for Bolsonaro and Dominion machines changed their vote .12 min

22.11.22 INDIGENOUS TRIBES SAY THEY VOTED FOR BOLSONARO AND DOMINION MACHINES CHANGED THEIR VOTE​

• WATCH

The vote stealers in Brazil say they voted 75% for Lulu they say no they didn't! So much for the left caring so much about the indigenous. Only when they can use them in some way. The indigenous tribes of this world better wake up to "You will own nothing and you will be happy" that plan includes them too. Klaus Schwab and the WEF plan on seizing their land for the good of the planet. They need to wake up and start supporting the people fighting this takeover. The left is totally in on it.

^^^^^
21.11.22 Brazil .. 10 days ago Brazilian truck drivers went on strike .32 min

21.11.22 BRAZIL .. 10 DAYS AGO BRAZILIAN TRUCK DRIVERS WENT ON STRIKE​

• WATCH
• And paralyzed their activities in support of the Brazilian people. They are still going strong. The demonstrations, by most of these professionals, began on 10.30.22 and have intensified since then. They want a recount of votes and enforcement of the constitution.

^^^^
23/11/22 Lying thieving, election stealing communists in Brazil are all ready attacking the farmers .51 min

23/11/22 LYING THIEVING, ELECTION STEALING COMMUNISTS IN BRAZIL ARE ALL READY ATTACKING THE FARMERS​

• WATCH

 

[marsh]

(Germany)

Salzburg Germany 20.11.2022 Stop Communist Green Hell Protest .34 min

SALZBURG GERMANY 20.11.2022 STOP COMMUNIST GREEN HELL PROTEST​

• WATCH

 

[marsh]

Bob Kudla - As We Enter 2023 Inflation Will Get Into The Double Digits, The Fed/Biden Will Be Blamed 30:43 min (starts at 1:12 min)

Bob Kudla - As We Enter 2023 Inflation Will Get Into The Double Digits, The Fed/Biden Will Be Blamed​

X22 Report Published November 23, 2022

Bob is the created and owner of Trade Genius Academy. Bob begins the conversation talking about the problems in Germany, Europe is going to have a very difficult winter and the people will rise up if the criminal leaders do not help or try to solve the economic problem. The US in 2023 will experience double digit inflation, fuel prices will be through the roof and the blame will be directed at the Fed and Biden. The people will want solutions, they will have none.

 

[marsh]

Biden Erased Trump’s Economic Gains By Plunging America Into Recession 3:11 min

Biden Erased Trump’s Economic Gains By Plunging America Into Recession​

Bannons War Room Published November 23, 2022

 

[marsh]

Hunter Biden’s Business Partners Are Now Collaborating On An Anonymous Digital Banking Platform .50 min

Hunter Biden’s Business Partners Are Now Collaborating On An Anonymous Digital Banking Platform​

Bannons War Room Published November 23, 2022
Biden owned app - Payment processing platform with little identification. All you need is an e-mail address or a phone number.

^^^^
EXCLUSIVE - Hunter Biden Owned Financial Stake In Digital Banking Platform Optimized For Use By Illegal Immigrants, Mexican Cartels, And Human Traffickers 4:20 min

EXCLUSIVE - Hunter Biden Owned Financial Stake In Digital Banking Platform Optimized For Use By Illegal Immigrants, Mexican Cartels, And Human Traffickers​

Bannons War Room Published November 23, 2022

^^^^^
Steve Cortes: Hunter’s Laptop Shows Biden Family Profiting From America’s Open Borders 2:19 min

Steve Cortes: Hunter’s Laptop Shows Biden Family Profiting From America’s Open Borders​

Bannons War Room Published November 23, 2022

(Directly profit over the remittances back to originating countries. The Biden's $ benefit directly.)

^^^^^

EXC: Hunter Biden Owned Financial Stake In Digital Banking Platform For Undocumented Migrants, Introduced Founder To Joe Biden W

ePlata, a digital banking platform partnered with the Mexican government to enable migrants to send and receive remittances, has deep

warroom.org

EXC: Hunter Biden Owned Financial Stake In Digital Banking Platform For Undocumented Migrants, Introduced Founder To Joe Biden While Company Received Mexican Government’s Endorsement.​

BY: NATALIE WINTERS / WARROOM.ORG
by EDITOR
November 23, 2022



ePlata, a digital banking platform partnered with the Mexican government to enable migrants to send and receive remittances, has deep financial and personnel ties to Hunter Biden.

The fintech startup describes itself as a “multi-balance, multi-currency digital wallet and payment ecosystem” and was founded by one of Hunter Biden’s long-time business partners Jeff Cooper. Documents unearthed from Hunter Biden’s hard drive also reveal that the president’s son held an 8.25 percent stake in ePlata through his company Owasco LLC, though it is unclear if he still retains the position.

Several individuals who have financial ties to Hunter Biden, however, have recently been appointed to the company’s Board of Directors.

Email detailing Hunter Biden’s investments: “ePlata: A mobile payments company focused on providing cross-border remittances to the unbanked (FYI, Owasco, LLC owns an additional 5.25% of ePlata” on top of “approx 3%.”

Emails obtained from Hunter Biden’s hard drive prove the president’s son was profiting off of ePlata, receiving a $20,000 wire transfer from the company in April 2015.

“Hunter – this wire will hit tomorrow AM,” reads the email.

ePlata “offers worldwide banking without the need for a traditional bank account,” continues a company synopsis, which also raises concerns about the platform potentially being used for money laundering and other criminal activities including human trafficking.

While ePlata was launched in 2016, in recent years it has made broader efforts to grow, including appointing several Hunter Biden-linked individuals to its Global Advisory Board in 2019.

ePlata also appears to have a financial interest in supporting mass migration to the U.S. given the company positioning itself as the premier platform for sending and receiving remittances. In emails obtained from Hunter Biden’s hard drive, the company pitched itself as “focused on providing cross-border remittances.”

Remittances represent a key financial aspect of mass migration – both legal and illegal – as it refers to migrants sending funds from their current country of residence back to their home country. The payments constitute a massive industry worth over $150 billion annually in the U.S. alone and harm America’s economy, as the sizable sum leaves the country untaxed.

Mexico consistently ranks as the top destination for outbound remittances from the U.S., and nearly 95 percent of inbound remittances to Mexico come from migrants living in the U.S.

ePlata has made the controversial form of payment a cornerstone of its business, highlighting how the platform can be used for “cross-border remittances” on the front page of its website:

“Labor moves around the globe, and when workers move so does their money. The global nature of labor often makes it difficult for someone to have a bank account in the country where they are employed. This is why ePlata allows you to transact in the currency of your choice and without limits across geographic borders. Is there any reason money transfers should be more expensive because one person lives in a different country? ePlata does not think so. With ePlata, simple, secure and inexpensive international transactions are now in the palm of your hand.“

Contrary to traditional bank regulations, ePlata appears to make sending and receiving money easy for users, including illegal aliens, given its lax identification requirements for signing up.

“You can then create an ePlata account by simply entering your name, address, email address and mobile number. That’s it, no hassle, no pain, no cost. With ePlata, setting your money free is as easy as one, two, three,” explains a summary of the platform’s onboarding.

The company’s emphasis on remittances comes amidst its 2019 partnership with the Mexican government whereby the Office of the Federal Prosecutor for the Consumer, which falls under the auspices of the Mexican Attorney General, selected ePlata as one of two fintech companies it endorsed for citizens to send and receive remittances.

The head of Mexico’s Consumer Protection Agency also highlighted ePlata as one of the country’s leading platforms for sending and receiving remittances during a presidential press briefing.

Jeff Cooper, the founder of ePlata, and Hunter Biden have a long history of collaboration, including on some of the president’s son’s most controversial business dealings implicating Joe Biden exposed through his “Hard Drive From Hell.”

While pursuing deals with Mexican billionaires during Joe Biden’s tenure as Vice President, Cooper and Hunter Biden exploited the privileges of the office – including White House Events, trips on Air Force Two, and meetings with Joe Biden – to lure clients.

Cooper, who has appeared in photos with Hunter, Joe, and various Mexican billionaires, even joined Hunter on a February 2016 Air Force Two flight to Mexico.

Cooper & Both Bidens.

Hunter Biden and Cooper had previously worked together trying to raise funds from Mexican billionaire Carlos Slim for their venture Ocho Gaming, which a whistleblower recently revealed that Joe Biden was involved in as a “silent investor.”

The hard drive also reveals that as late as 2018, Hunter Biden and Cooper were still soliciting money from the Slim family with the assistance of Joe Biden.

“Spoke to my dad about ‘Slim ask,’ ” Hunter wrote Cooper after a visit from his father in Los Angeles. “Oh that sounds SO F’ING GOOD” replied Cooper.

ePlata appears to still maintain its links to Hunter Biden, appointing three individuals to its eight-person board in addition to Cooper who are linked to the president’s son.

Among the members of the advisory board is Vuk Jeremic, a former President of the United Nations General Assembly who became a consultant for Chinese energy giant CEFC, which partnered with Hunter on a multi-million-dollar oil and gas deal.

Board member Miguel Aleman Magnani was also engaged in business deals with Hunter Biden which eventually led to him meeting then-Vice President Joe Biden.

“I have brought every single person you have ever asked me to bring to the F’ing White House and the Vice President’s house and the inauguration and then you go completely silent,” Hunter Biden wrote in an email to Magnani, alluding to his exploitation of his father’s political office on behalf of his business partners.

“I don’t know what it is that I did but I’d like to know why I’ve delivered on every single thing you’ve ever asked – and you make me feel like I’ve done something to offend you,” he added.

Xin Wang is also on the board of ePlata, concurrently serving as a Managing Director BHR Partners, a highly controversial joint venture between an investment fund founded by Biden and Obama-era Secretary of State John Kerry’s stepson and the state-owned Bank of China.

The president’s son pledged to divest of his 10 percent stake in BHR Partners in 2019, which was notoriously birthed less than two weeks after Biden traveled to China alongside his father and then-Vice President, but reportedly still owns 10 percent of the fund.

ePlata board.

In addition to the aforementioned Hunter Biden links plaguing ePlata, perhaps the biggest conflict of interest is the fact that the company benefits from Joe Biden’s failure to secure the southern border and continued enabling of unprecedented levels of legal and illegal immigrants to enter the U.S.

As this population grows, ostensibly ePlata’s profits through more remittances being sent and received increase, too.

ePlata’s expansion – which includes collaboration with governments in countries such as Mexico – also overlaps with the agenda of groups such as the World Economic Forum (WEF) and G20 to roll out “digital identity” infrastructure worldwide.

Once in effect, these systems have often laid the groundwork for China-style “social credit” scoring systems and even vaccine passports.

 

[marsh]

Delayed Reactions: Excess Mortality Continues to Climb Despite C19 Vax Mandates and Boosters Winding Down 1:18 min

Delayed Reactions: Excess Mortality Continues to Climb Despite C19 Vax Mandates and Boosters Winding Down​

The Vigilant Fox Published November 23, 2022
"I know from an inside whistleblower that in the month of August, we saw 36% excess mortality in the millennial group life policyholders. That's aged 25 to 44 — 36%!" accentuated former Blackrock executive Ed Dowd.

"You would expect this to be coming down ... There's lots of things popping up now."

 

[marsh]

ICLEI’s Yunus Arikan Describes His Organization’s Goals 8:42 min

ICLEI’s Yunus Arikan Describes His Organization’s Goals​

The New American Published November 23, 2022

Yunus Arikan, the head of global policy and advocacy at ICLEI (Local Governments for Sustainability), talks with The New American’s Alex Newman at this year’s United Nations Climate Change Conference in Sharm El Sheikh, Egypt.

He explains how and why ICLEI (formerly the International Council for Local Environmental Initiatives) targets local governments — cities, towns, etc. — to implement global (i.e., the UN’s) programs supposedly targeting climate change, promoting biodiversity, and working toward “sustainable development.”

He also mentions that the U.S. is a major participant in the program, and confirms that ICLEI is indeed a UN program, going back to the 1992 Earth Summit in Rio de Janeiro.