Appreciating Honor,
MICHAEL HUDSON: I don’t see that coming very soon because they’re really reinventing the wheel. Much of this wheel has already been invented in the 19th century by British classical political economy.
You don’t want economic rent. You want capital formation. You want government to take the lead in natural monopolies and infrastructure. All of this was all worked out in the 19th century.
But neoliberalism has so extinguished and just excluded the history of this economic thought that most of the political leaders of the BRICS countries are simply unaware of this. And the staffs are unaware of this. Certainly, their central bankers are unaware of this, and their economists, if they’re trained in the United States and Europe, are unaware of this.
So they’re working so much, I won’t say in the dark. They know where they want to go, but they haven’t worked out how to get there. And this is going to take a while to get something that’s actually workable.
There’s already so much confusion about discussion of a BRICS currency. They’re not distinguishing between a currency to denominate trade and investment that maybe can be like the euro, and other speculators can buy it, or just a central bank, a version of Bancor is in a central bank accounting system of credits and debits. They haven’t studied all of the discussions at the end of World War II over what kind of an international monetary fund should there be between Keynes and the Americans.
So if they’re working without this familiarity with history, and without knowing how other countries have already thought through all of these, the same issues that the BRICS are thinking of, it’s going to take a while. https://www.nakedcapitalism.
The Chargé d’Affaires of the Russian Mission to the EU, Kirill Logvinov, tried to brief the Europeans last week, under the rubric “New Security Architecture for the Eurasian Continent”.
Logvinov explained how “the Euro-Atlantic concept of security has collapsed. Based on U.S. and NATO dominance, the European regional security framework has failed to ensure the practical implementation of the ‘indivisible security for all’ principle.”
A future system of security and cooperation in Eurasia will then form the “foundation of the global security architecture in a multipolar world based on the UN Charter principles and the rule of international law.”
And the Greater Eurasian Partnership will form the economic and social basis of this new Eurasian security system...
..Putin’s peace plan for Ukraine – announced on June 14 in front of the crème de la crème of Russian diplomats – should be understood. Orban certainly got it.
Any other plans – with the exception of the revised Chinese offer, and that’s why Orban went to Beijing – are irrelevant, from Moscow’s perspective.
Of course Team Trump had to come up with their own NATO-centered plan. That’s not exactly a gift to clueless Europeans.
Under Trump, NATO’s role will shift: it will become an “auxiliary” force in Europe. Washington of course will keep its nodes in the Empire of Bases – in Germany, UK, Turkey – but ground forces, armored vehicles, artillery, logistics, everything, high costs included, will be fully paid by wobbling European economies.
Under the coordination of Trump’s national defense strategy adviser, Elbridge Colby, the new administration would promise to give Putin commitments “not to expand NATO to the east.” Moreover, Trump seems to be ready to “consider territorial concessions” to Russia.
As if Moscow would be praying in unison to get “concessions” from a notoriously unreliable American president.
The whole point of this plan is that under Trump 2.0 the main “threat” to the U.S. will be China, not Russia. https://strategic-culture.su/news/2024/07/09/the-big-picture-behind-viktor-the-mediators-peace-shuttle/
Aleks at Black Mountain Analysis asserts that a civil war has been foist upon Russia, which "loses", even if it wins militarily, which it will. this is existential for Russia, and also for the western imperial financial system, "the West". Trajectory to Armageddon [i] The End of the West or the End of the World? So, my advice is the following: I know many of you can’t wait to see Russian strikes against NATO as a retaliation for XYZ. But this is a call for your death. If it happens, then it is almost certain that we will all die. I know there is a little window of hope that the Americans would back down after such strikes because their Oligarchs would want to survive, but there are too many uncertain factors to rely on such a hope.
The way to win for Russia is to defeat Ukraine (NATO) on the territory of former Ukraine, feed NATO and the EU with poison pills, and develop the military and economic alliances to make the West superfluous and thereby make it collapse internally. https://bmanalysis.substack.com/p/trajectory-to-armageddon-i
The sources said Orbán had indicated to Parliament that he could appear before the plenary on Tuesday or Wednesday next week (July 16-17) to present the agenda of the Hungarian presidency, which Budapest has given the slogan ‘Make Europe Great Again’.
However the Conference of the Presidents – the heads of the political groups who determine the agenda – said Parliament did not have space in the schedule at that time, both sources agreed. https://thejournal.mt/european-parliament-blocks-orbans-big-presidency-speech/
“Member states were already irritated by the ‘MEGA’ motto. But a meeting with [Russian President Vladimir] Putin will permanently overshadow the Hungarian presidency,” Politico reported on Monday evening, citing an unnamed EU diplomat. “With such a meeting the presidency ends before it has really begun.”
Politico described Orban as having gone “rogue” and suggested the EU ambassadors “could move from public condemnations alone to concrete action to restrain” Budapest at their meeting on Wednesday...
This would require a four-fifths majority in the European Council. https://swentr.site/news/600763-eu-orban-revenge-moscow/
Tulsi Gabbard Warns the ‘Deep State’ is Preparing to Install Kamala Harris as President https://rumble.com/v56595p-tulsi-gabbard-warns-the-deep-state-is-preparing-to-install-kamala-harris-as.html
Keeping the dollar as the world’s reserve currency — this is especially important for high growth and low prices — Wall Street, will you finally listen?
Restoring America’s status as the dominant world energy producer and canceling the electric vehicle mandate. Cutting all costly and burdensome regulations.
Sealing the border, stopping the illegal migrant invasion, and deporting illegals.
Keeping men out of women’s sports, and radical, racial, and sexual woke policies out of schools.
The platform also states, and I quote, “unite our country by bringing it to new and record levels of success.”
These are the message points that have proved so popular on the campaign trail.
https://www.zerohedge.com/markets/kudlow-trumps-pro-growth-america-first-platform
“Numerous published photos and video footage from Kiev clearly confirm the fact of destruction due to the fall of a Ukrainian air defense missile launched from an anti-aircraft missile system within the city,” the ministry said...
John Helmer, US BODYCOUNT 35 KIA AFTER RUSSIAN MISSILE STRIKE
Make that thirty-five American tombs.
“During the day [July 9],” said the Defense Ministry briefer in Moscow, “the Armed Forces of the Russian Federation carried out a group strike with high-precision weapons on American HIMARS multiple launch rocket systems prepared for strikes on the territory of Crimea, as well as the venue of an official meeting of the AFU [Armed Forces of the Ukraine] command staff. The objectives of the strike have been achieved. Four US-made HIMARS MLRS launchers were destroyed, as well as up to 35 foreign specialists who serviced them.” https://johnhelmer.net/us-bodycount-35-kia-after-russian-missile-strike-gorilla-radio-counts-what-next/#more-90113
One reason was given by Sen. Lindsey Graham (R-S.C.) in a recent moment of startling televised candor: Ukraine is “sitting on $10 to $12 trillion of critical minerals… I don’t want to give that money and those assets to Putin to share with China.”
As The Washington Post has reported:
“Ukraine harbors some of the world’s largest reserves of titanium and iron ore, fields of untapped lithium, and massive deposits of coal. Collectively, they are worth tens of trillions of dollars.”
Ukraine also has colossal reserves of natural gas and oil, in addition to neon, nickel, beryllium and other critical rare earth metals. For NATO’s leadership, Russia and, in particular, China can’t be permitted access to these resources. The war in Ukraine must, therefore, continue indefinitely, and negotiations with Russia mustn’t be pursued...
Their bet is that Putin will never deploy nuclear weapons, despite his many threats to do so and recent Russian military drills to deploy tactical nuclear weapons. Given that Russian use of nuclear warheads might well precipitate a nuclear response by the West, the fate of humanity hangs on the restraint and rationality of one man, Putin. https://consortiumnews.com/2024/07/09/day-one-natos-endgame-appears-to-be-nuclear-war/
Israel on Tuesday used a US-supplied bomb to airstrike a group of kids and families gathered at a soccer match at a school in Gaza, killing at least 31 people and wounding dozens more. https://www.informationliberation.com/?id=64529
'Israel' kills 33+ children through malnutrition, starves all of Gaza
A group of UN experts has warned that starvation, imposed by "Israel", is spreading throughout the entirety of the Gaza Strip. https://english.almayadeen.net/news/politics/-israel--kills-33--children-through-malnutrition--starves-al
Al-Monitor reports the US wasn't surprised by Netanyahu's list of demands that could sabotage a deal
Israeli officials believe Netanyahu is trying to ensure a deal isn’t reached before his address to the US Congress in Washington later this month. A ceasefire agreement could lead to a collapse of his coalition government as National Security Advisor Itamar Ben Gvir has threatened to quit. Officials also think Netanyahu wants to hold out until November in hopes that President Trump is re-elected. https://news.antiwar.com/2024/07/09/israeli-official-says-its-clear-netanyahu-doesnt-want-a-deal-with-hamas/
The Israeli occupation forces are intensifying their land, air, and sea attacks on various areas in the Gaza Strip amid a large wave of displacement in the areas of eastern Gaza, while battles and clashes continue in the Al-Shuja’iya neighborhood and the city of Rafah. https://en.ypagency.net/329338
In my read this is the West Bank’s version of the assault on Gaza. No F–16s, tanks, or heavy artillery this time: Deploying these would risk serious international opprobrium. No, the West Bank campaign will be waged more or less invisibly — a farm or an olive grove, a village or a murdered teenager or a kilometer of road at a time.....The larger war, the war beyond the West Bank, is of course another matter. Israel knows full well it is incapable of waging anything like a “seven-front war” on its own: It is failing in the Gaza Strip as we speak.
Netanyahu has chosen this moment to mount a go-for-broke attempt to bring the U.S. into some kind of once-for-all conflict that would leave Israel supreme in the region — and so would instantly threaten to be the world’s most dangerous war — since who knows when...
Late last month the U.S. Navy made one of those quiet logistical moves that sometimes seem to reveal more than intended. It sent an amphibious assault ship, the USS Wasp, into the waters of the eastern Mediterranean off the Lebanese coast. Among its other capabilities, the Wasp is designed to manage large-scale evacuations.
But an American official told The Associated Press, a little defensively I’d say, “It’s about deterrence,” implying the deployment is part of Washington’s diplomatic effort to prevent a dangerous war between Israel and Hezbollah.
Wait a minute. Just who is the Wasp intended to deter? Neither Hezbollah nor Iran wants a war with Israel any more than the U.S. wants to see one. No need of deterrence there.
And a ship off the Lebanese coast is not going to deter Israel: It stands unambiguously to encourage “the Jewish state” in its effort to bait the U.S. into the big war for which it spoils.
While one ship near Lebanese waters does not signal any grand new commitment to a grand new war — let us not over-interpret — the message seems clear: We don’t want a new war on our hands, Bibi, but if you provoke one, well, we’ll have to be there for you, “standing with Israel.” https://consortiumnews.com/2024/07/08/patrick-lawrence-netanyahu-goes-for-broke/
His government relies on two ultra-Orthodox parties that regard conscription exemptions as key to keeping their constituents in religious seminaries and out of a melting-pot army that might test their traditional customs. Their political leaders are fiercely opposed to conscription at a time when Israel’s army is seeking to bolster its ranks amid the nine-month-old war with Hamas in the Gaza Strip. https://www.arabnews.com/node/2546401/middle-east
“I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the Second World War,” Reeves said in a speech at the Treasury on Monday. “We face the legacy of 14 years of chaos and economic irresponsibility,” she added, accusing her Tory predecessors of acting out of “political self-interest” as part of a “government that put party first, country second.” https://swentr.site/news/600778-uk-worst-since-1945/
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