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Saturday, July 27, 2019

Pedophile Economics

Outside The Loop,

I've been reading for the last few years that Hollywood pedophiles have an economic barter system that trades in children. 
Those folks fly places, New York, Florida, Pedo-Island, planet Earth.
The big secret in the Epstein case is where the money came from. Now we see one source.
Accused pedophile Jeffrey Epstein's Gratitude America Ltd. foundation somehow kept getting stock allocations in more than 40 underwritten offerings by Morgan Stanley, according to Barron's.  
"Gratitude America" is a cute name for this kind of arrangement, isn't it? 
There are spots in the flow of money that are sure things. Who gets the sure things? Why?

Lawyer to indicted power-elites, such as former friend, Jeffrey Epstein, Alan Dershowitz, has clearly and officially changed sides. 
Here is an excerpt from his essay advocating elimination of the office of special counsel. 
Dershowitz doesn't want to lose this time. He "has skin in this game".
​ ​The night before Mueller's testimony, I was asked on a TV show whether it was a Hail Mary pass thrown by the Democrats. I predicted that it would be an intercepted pass. I was right. Even many Democratic stalwarts viewed the Mueller testimony as harmful to their cause. As a liberal Democrat, I share that view and it doesn't please me. But as a patriotic American, I care far more about the implications of the Mueller testimony for all Americans and for the rule of law.  

​Helen of DesTroy has this article about Congresswoman Tulsi Gabbard suing Google. 
Google can't explain why it took her campaign website offline for a few hours when searches for her name were peaking during the first Democratic debate. 
The searches took people to the many news stories about Gabbard being an "Aassad apologist" and "Russian puppet", instead. Good enough.​

Politics and Algorithms, ilargi, The Automatic Earth  
Yeah, "Take Back Control", right. (heh, heh, heh...)
The next sequences show Cummings outlining the core strategy on a whiteboard of narrow disciplined messaging delivered via algorithmic database-driven micro-targeting tools.  

 From Vineyard of the Saker, sad... Israel is the anti-Aloha.
What Tulsi Gabbard’s caving in to the Israel Lobby really shows
A very wise friend of mine wrote this about why Gabbard had to cave in:
​ I told you she is a single issue politician. It’s about wars without end. Everything else is Realpolitik and nothing is more real than Zionists controlling the politics and legislation in Washington.  She would have no hope of surviving the next round of laws. They are going to make anything “anti-Israel” equal “anti-Semitic” and that will be a crime like it is in France. She has high ideals on only a single issue. It’s a great issue. But you cannot count on a politician to be a noble warrior. Forget anyone doing the right thing all the time.  She shines bright on one issue. If she was really wise or clever, she would have abstained. So, she is neither.

 Pepe Escobar
 All bets are off in the geopolitical insanity stakes when we have the President of the United States (POTUS) glibly announcing he could launch a nuclear first strike to end the war in Afghanistan and wipe it “off the face of the earth” in one week. But he’d rather not, so he doesn’t have to kill 10 million people.
 Apart from the fact that not even a nuclear strike would subdue the legendary fighting spirit of Afghan Pashtuns, the same warped logic – ordering a nuclear first strike as one orders a cheeseburger – could apply to Iran instead of Afghanistan.
 Trump once again flip-flopped by declaring that the prospect of a potential war in the Persian Gulf “could go either way, and I’m OK either way it goes,” much to the delight of Beltway-related psychopaths who peddle the notion that Iran is begging to be bombed...
 At least Trump’s impotence facing such a determined adversary as Iran is now clear: “It’s getting harder for me to want to make a deal with Iran.” What remains are empty clich├ęs, such as Iran “behaving very badly” and “the number one state of terror in the world” – the marching order mantra emanating from Tel Aviv...
 And that brings us to the alarming expansion of the sanctions dementia, represented by two Iranian ships loaded with corn stranded off the coast of southern Brazil because energy giant Petrobras, afraid of U.S. sanctions, refuses to refuel them...
  Beltway sources confirmed that the highest level of the U.S. government gave the order for Brasilia to stop this food shipment.
​​Tehran knows it well – as this is part of the “maximum pressure” campaign, whose goal is ultimately to starve the Iranian population to death in a harrowing game of chicken.

John Helmer writes about another fading "justification" for war against Russia, Thanks Eleni
Ukraine shot down flight MH-17 and tried to blame it on Russia, as instructed by US/NATO. "Investigation" went where it HAD to go. Nowhere.

Tom Luongo with Ukraine update. "Time is running out", again. 
It's ok for the US to let Ukraine collapse, but not so much for the people who live there. 
The last Russian gas flows can stop completely this winter. A sit-com comedian is now at the helm after recent elections, a Russian speaker.
Volodmyr Zelensky is in power along with Zelensky’s political party which won close to a clear majority in Verkovna Rada elections recently.
Zelensky’s Servent of the People party won 253 seats out of 450, giving him not only the presidency but no need to build a coalition government​.​

This is the most salient read I have seen of this odd occurrence, and China was part of it, not just Russia, South Korea and Japan. Who knew?
RUSSIAN-CHINESE AIR PATROL MISSION NEAR SOUTH KOREA WAS SHOW OF FORCE TO US HAWKS
On July 23, a group of Russian and Chinese warplanes, including strategic bombers, conducted a joint patrol mission near South Korea’s territory under the annual cooperation plan, the Chinese Defense Ministry’s official spokesman Col. Wu Qian said on July 24.  

​Something like WW-3 is underway, but it's confusing. Michael Hudson clarifies. Hudson was the unintentional architect of the petrodollar system, which saaved the western financial regime when the US ran out of gold and Nixon had to default on the gold standard. He knows how things work. You may want to scroll down to his summary. I include some critical excerpts  of his essay here.:
​ Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses. Countries that do not give the United States control of their oil and financial sectors or privatize their key sectors are being isolated by the United States imposing trade sanctions and unilateral tariffs giving special advantages to U.S. producers in violation of free trade agreements with European, Asian and other countries.
 This global fracture has an increasingly military cast. U.S. officials justify tariffs and import quotas illegal under WTO rules on “national security” grounds, claiming that the United States can do whatever it wants as the world’s “exceptional” nation...
​ ​Deterioration of international diplomacy into a more nakedly explicit pro-U.S. financial, trade and military aggression was implicit in the way in which economic diplomacy was shaped when the United Nations, IMF and World Bank were shaped mainly by U.S. economic strategists. Their economic belligerence is driving countries to withdraw from the global financial and trade order that has been turned into a New Cold War vehicle to impose unilateral U.S. hegemony. Nationalistic reactions are consolidating into new economic and political alliances from Europe to Asia.
​ ​We are still mired in the Oil War that escalated in 2003 with the invasion of Iraq, which quickly spread to Libya and Syria. American foreign policy has long been based largely on control of oil.​..
​ U.S. officials bear a special hatred for countries that they have injured, ranging from Guatemala in 1954 to Iran, whose regime it overthrew to install the Shah as military dictator. Claiming to promote “democracy,” U.S. diplomacy has redefined the word to mean pro-American, and opposing land reform, national ownership of raw materials and public subsidy of foreign agriculture or industry as an “undemocratic” attack on “free markets,” meaning markets controlled by U.S. financial interests and absentee owners of land, natural resources and banks​.
​ A major byproduct of warfare has always been refugees, and today’s wave fleeing ISIS, Al Qaeda and other U.S.-backed Near Eastern proxies is flooding Europe. A similar wave is fleeing the dictatorial regimes backed by the United States from Honduras, Ecuador, Colombia and neighboring countries. The refugee crisis has become a major factor leading to the resurgence of nationalist parties throughout Europe and for the white nationalism of Donald Trump in the United States​...
​ ​The United States is the only nation that can run sustained balance-of-payments deficits without having to sell off its assets or raise interest rates to borrow foreign money. No other national economy in the world can could afford foreign military expenditures on any major scale without losing its exchange value. Without the Treasury-bill standard, the United States would be in this same position along with other nations. That is why Russia, China and other powers that U.S. strategists deem to be strategic rivals and enemies are looking to restore gold’s role as the preferred asset to settle payments imbalances.
​ ​The U.S. response is to impose regime change on countries that prefer gold or other foreign currencies to dollars for their exchange reserves.​..​  
​ ​Trump’s infrastructure ideology is a Public-Private Partnership characterized by high-cost financialization demanding high monopoly rents to cover its interest charges, stock dividends and management fees. This neoliberal policy raises the cost of living for the U.S. labor force, making it uncompetitive. The United States is unable to produce more at any price right now, because its has spent the past half-century dismantling its infrastructure, closing down its part suppliers and outsourcing its industrial technology.  
​ ​The United States has privatized and financialized infrastructure and basic needs such as public health and medical care, education and transportation that other countries have kept in their public domain to make their economies more cost-efficient by providing essential services at subsidized prices or freely.​..
 ​...What also is ironic in President Trump’s accusation of China and other countries of artificially manipulating their exchange rate against the dollar (by recycling their trade and payments surpluses into Treasury securities to hold down their currency’s dollar valuation) involves dismantling the Treasury-bill standard.​..
 Dedollarization will require creation of multilateral alternatives to U.S. “front” institutions such as the World Bank, IMF and other agencies in which the United States holds veto power to block any alternative policies deemed not to let it “win.” U.S. trade policy through the World Bank and U.S. foreign aid agencies aims at promoting dependency on U.S. food exports and other key commodities, while hiring U.S. engineering firms to build up export infrastructure to subsidize U.S. and other natural-resource investors.​..
  The resulting commercial and financial “interdependency” has led to a situation in which a sudden interruption of supply would disrupt foreign economies by causing a breakdown in their chain of payments and production. The effect is to lock client countries into dependency on the U.S. economy and its diplomacy, euphemized as “promoting growth and development.”  ​...
 The alternative to such dollarized holdings is to create a mutual use of national currencies, and a domestic bank-clearing payments system as an alternative to SWIFT. Russia, China, Iran and Venezuela already are said to be developing a crypto-currency payments to circumvent U.S. sanctions and hence financial control.​..
 To save debt-strapped economies suffering Greek-style austerity, the world needs to replace neoliberal economic theory with an analytic logic for debt writedowns based on the ability to pay. The guiding principle of the needed development-oriented logic of international law should be that no nation should be obliged to pay foreign creditors by having to sell of the public domain and rent-extraction rights to foreign creditors. The defining character of nationhood should be the fiscal right to tax natural resource rents and financial returns, and to create its own monetary system.  

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