A Glimpse Beyond The Unipolar Moment

Authored by Norman Ball via The Saker blog,

“Potentially the most dangerous scenario would be a grand coalition of China, Russia and perhaps Iran, an ‘anti-hegemonic’ coalition, united not by ideology but by complementary grievances” —Zbigniew Brzezinski

Are we reaching the penultimate and petulant back-end of the American Empire’s Unipolar Moment, a denouement hastened by a raft of sanctions regimes as imperiously doled out as they are laden with unconsidered paradox?

Though the sun is prohibited from casting its light between them, Nation and Empire are not an organically indivisible formation. Indeed Americans, no less than others, should relish the prospect of a resumed, unalloyed nationhood after decades of Empire co-optation. Few Americans realize the skulking entity that looms in the shadows of their overrun and diminished formal institutions as being a separable imposition capable of (to use a Benjamin Netanyahu phrase) drying up and blowing away.

Empire overlay is an uninvited and usurping agent bent on hostile, world-conquering aims to which America plays safe harbor and unwitting hostage in equal parts. Though the mode of exploitation varies, no nation on the world stage is left untouched by transnational exploitation.

America, like all nations, is a boundaried fixity; whereas Empire despite travelling under the former’s name is a projective and extraterritorial expanse whose designs exceed the devise and interests of the nation-host itself. Invariably Empire doesn’t so much succumb to overreach as it overreaches the capacities of its nation-host; wrecking the balance sheet, debauching the currency, taxing the capacities of the deputized military and (most importantly as we shall see) sullying the conceptual coordinates so central to a nation’s actionable sense of self.

Post-Empire, the nation-host suffers the aftermath of ruinous inflation or worse. Empire, a continuous organism, bides its time before alighting elsewhere. Thus unipolarity is an Empire project in the same manner a tapeworm mimics the appetites of its host, the afflicted nation being little more than a body-snatched, debt-amassing hostage-vessel.

Daniel 2’s prophesied statue gives anthropic form (and thus systemic coherence) to Empire succession. Each empire ‘chapter’ pours into the next with corporeal fluidity, the respective statue material and animal totem befitting the situational needs of Empire in that historical moment. The anatomy suggests an eschatological continuum, hardly a severed procession of akimbo body parts. The purposeful succession of empires conducts human history to a terminus.

Usury is the arithmetically ordained travel-partner or Empire. Indeed the latter is more Babylonian mystery than secular-geopolitical formation. Through it, all earthly power and wealth is to be gathered under one aegis until no nation can lay claim to an autonomous storehouse. The whole purpose of human history is demonic consolidation by the God of this World.

In the same way, the events of the world prove less yielding to geopolitical analysis absent an explicit awareness of Paul’s Principalities or the slow-thighed onset of the Antichrist/Dajjal. As human history thins like gruel in the twilight, the spiritual backdrop moves inexorably to the fore.

(Understanding the present moment demands continual oscillation between the world-beyond and the world-at-hand. So be it.)

Sanctions negate the very notion of empiric expansion. Beneath all the bluster, continual recourse to a ‘remedy of retreat’ signals the exhaustion of Empire’s Pax Americana phase. Like medieval bleeding, the cure soon exceeds the lethality of the underlining disease.

For the moment, America’s economic activity, 25% of the world’s GDP, is a big party to be dis-invited from. Furthermore, 70% of that GDP is buffered from international trade disruptions as it consists of internal consumption. (In China, for example, the figure is closer to 40%). When push comes to shove the US economy is sufficiently self-contained such that a protracted period of inwardness is a viable course of action.

Joseph Micallef hardly overstate things trumpeting the arrival of American energy independence. One wonders how the Empire would coax the Nation to do its bidding absent the inducement of vulnerable overseas energy supplies. Of course this too argues for the end of the American phase of Empire:

“U.S. energy independence is going to be a game changer in international affairs and will have far-ranging consequences. It will drive a reorientation of U.S. foreign policy as profound as that driven by American dependence on foreign oil in the second half of the 20th century.”

While inconsistent with empiric expansion, sanctions and their threat can for a time inflict asymmetric damage on the sanctioned party –until some vague tipping point is reached.

Midwives to a nascent neo-nationalist era, President Trump and his formidable trade team have been leveraging (some would say weaponizing) America’s economic primacy in order to redirect product origination and trade flows.

For example the USMCA’s closing of the infamous NAFTA loophole or ‘trade toll’ will be a huge boon to US consumers and workers alike, not to mention an indirect trade assault on China which advantaged the loophole via finished goods assembly plants in Canada and Mexico. The so-called ‘regional vehicle content’ has been boosted from 62.5% to 75%.

What are the implications of this USMCA provision alone? Lexicology explains:

“Mexico and Canada are pushing for the smallest amount of North American parts in NAFTA automobile production. This means that Mexico and Canada can import the difference from China, Asia or Europe, finish the product with some basic assembly and then pass off the product to the American market- saving big money on tariffs for the original producing country in the process.”

The necessity of a resurgent manufacturing base is being characterized (correctly) as a national security (if not even a national dignity) issue with implications far beyond the usual econometric equilibrations.

What the world needs to understand is that the unacknowledged obverse of America First is Empire Never Again. America’s self-reclamation process on the trade front will be a boon for the planet. Re-nationalization is synonymous with ‘de-empirization’. As America reacquaints with nation-among-nations status, multipolar clusters will fill the void.

America the Empire routinely pulls the wool over America the Nation’s eyes. One deft bit of corporatist misdirection (articulated through that multinational stalking horse, the US Chamber of Commerce) has been to assure Americans they could thrive as a service-sector economy.

As nothing is gained alerting regular Americans to the divergent interests of Empire and Nation, the Empire is adept at posing as the Nation. (Besides, what people would knowingly seek empiric imprimatu anyway, a dubious appointment demanding more blood and treasure than it ever bestows?)

Globalists would have us favorably envision a world where the US holds the edge in 2030 Powerpoint presentations while China captures the high-performance medical device and industrial robotics markets. As Yogi Berra might say, “all left-handers over here to flip charts, all right-handers over there to flip burgers.  The rest of you come with me.” Yes, but where to exactly, Yogi? The Argentine Paradox circa 1950?

The same can be said for Made in China 2025, from a Chinese perspective of course. Geopolitical hegemony is the goal, economic nationalism the rallying cry for respective domestic audiences. No wonder trade wars metastasize into shooting wars. No less than everything is at stake.

(Some expect that, with centuries of practice under its belt, the Chinese empire model, historically one of ebb-and-flow concentric flexibility, will improve upon the winner-take-all Western model. Time may tell.)

Parsimonious when it comes to sharing the planet’s ill-gotten gains with its erstwhile nation-host (American real incomes peaked in 1973), Empire is all too willing both to off-load the debt burden and share the vainglory of its overseas military exploits.

We seek evidence of the Heartland tiring of its conscription obligations, or that their nation’s subsidiary role has even dawned on the average American after nearly two decades of ruinously fruitless overseas campaigns. The enthusiastic reception afforded Clint Eastwood’s 2014 movie American Sniper —to belabor one cultural touchstone– is hardly a bullish indicator.

In fact, the Nation still wraps itself in the Empire’s exploits with a patriotic vigor that obliges it to insist, against all evidence, that Iraq and Afghanistan were missions of existential import to the safeguarding of American neighborhoods. That this misprision persists is a powerful testament to the Empire’s ability to enforce and sustain a narrative steeped in false consciousness to which clarifying epiphanies must forever be kept at bay. In recent months scores of alt-media sources have been exiled from Youtube in veiled recognition of their counter-narrative incursions. The Empire cannot relinquish narrative hegemony. The most decisive conflicts are conceptual.

Sartre famously called this insistent and externalized apparatus of persuasion America’s ‘implacable machine’. Eastwood, the Leni Riefenstahl of our time, fashions empire exploits into pastiches of Americana. This is pure propaganda. Empire is a rapaciously unnatural imposition. Rooted in no soil, it descends from above. Transnationalism sustains itself on grassroots alienation and collective misdirection.

The Vineyard’s Saker indirectly acknowledges this differentiated two-headedness when he says, “Russia does represent an existential threat, not for the United States as a country or for its people, but for the AngloZionist Empire, just as the latter represents an existential threat to Russia.” He might just as easily have extended the empire threat to America itself. Where Saker offers daylight, Eastwood extends the darkness of a confused nation.

It would surprise many Americans to know that their nation hosts one of the least democratically answerable national governments in the world (though far fewer would be surprised today than, say, two years ago). Trump, the exogenous usurper, is trying to reverse this expropriation of the country’s traditional Madisonian Institutions by the Security State’s Trumanite Network (what Michael Glennon calls our Double Government, the prior terminology being his).

How did the empire accomplish this parallel sovereignty?

The hijack occurred in two sizable chunks (the 1947 National Security Act and the USA Patriot Act of 2001). Yes, America has a divided government alright. Just not in the sense American civics classes define the concept.

Moreover this sovereignty split occurred without benefit of referendum or Constitutional Convention. The division was assented to –and furtively institutionalized– over the ensuing post-WW2 decades by the nation’s elected leadership, the latter bartering away democratic self-determination and their own discretionary power for more attractive post-public sector career vistas.

A further lubricant was mass fear, something the Security State excels at fanning. This is a toxic oroborus: fear rationalizes enhanced security measures, obliging it in turn to identify more threats and thus promulgate more fear.

America’s captured political system (captured, in the main, by treasonous greed) perennially offers no material recourse away from Empire objectives. Carroll Quigley exposed the degradation of choice mounted by the two-party charade decades ago. His protestations fell on deaf ears.

Then came Trump, arguably more detested by ‘Rino’ Republicans for helicoptering onto their half-acre of Quigleyan turf than the Democrats who openly shower their contempt upon him, aided by a not-so-secret confederation of Senior Executive Service (SES)personnel and an assorted Five Eyes gallery of International Men of Mystery.

That new attention is being drawn to this fissure is a function of the Trumanites’ open rebellion against Trump’s subversive (Madisonian revivalist) presidency. Trump has forced the Deep State to the surface, a process that compels an explicit –and never before attempted– referendum on globalism, something the movement cannot possibly prevail on as the closest thing it possesses to a natural constituency is a beholden media, George Soros’ checkbook and a traitorous ruling class.

These transnational Trumanites, the true empire-builders, seek geopolitical hegemony, (over)-employing trade sanctions as a tool towards that end. Whereas Trump, a businessman to his core, seeks only comparative advantage and level playing fields i.e. trade for its own sake. Trump has the inclinations of a competitor and possesses an abiding faith in the productive capacities of his fellow Americans. His America-first exertions are sincere.

Despite a near-daily (and 92% negative) onslaught of CIA-Mockingbird anti-Trump vitriol, there is a dawning realization that the current President is as close to an anti-Empire crusader as any POTUS can possibly be, given the powerful institutional constraints (and Trumanite presence) he must work within. (The latter qualification cannot be emphasized enough.)

Just this week in his essay ‘Trump Has Done More to Take On and Take Down the American Empire Than Any Other President’, Gareth Porter concedes, with the obligatory reluctance attending any favorable Trump assessment that, “…[despite] Trump’s multiple serious personal and political failings…[his] unorthodox approach has already emboldened him to challenge the essential logic of the US military empire more than any previous president.”

Creditably, Porter manages to overcome his early subjectively-derived aversions with dispassionate analysis. More thinkers will follow. Trump will never inspire great wellsprings of affection. Yet shouldn’t likability deficits fall within the rehabilitative purview of Oprah Winfrey and her top shelf of gauzy sofa lens? History books are replete with highly eccentric, yet transformative, leaders. Who but the most media-besotted automatons really care?

As for our beleaguered trading partners, the list of American pariahs (sanctioned and tariffed) grows by the month: China, Russia, Iran, Turkey come immediately to mind, obviously in varying modes and degrees. What happens should the EU (the world’s 2nd largest ‘economy’) continue to trade with Iran under a “special payments entity” arrangement despite US warnings? For the record, India has no plans to cease its Iranian oil purchases. This comes at the cost of American producers as will European demand absorbed by the onset of Nordstream 2.

The US Department of Treasury’s Office of Foreign Assets Control (OFAC) maintains a list of sanctioned nations and programs.  It’s well worth a look.

Weapon system defections present a knottier dilemma as military and trade considerations commingle. The Countering America’s Adversaries Through Sanctions Act (CAATSA) of 2017 addresses punitive measures and waiver procedures; a bill opposed, it must be said, by President Trump. Turkey, a NATO member, is taking delivery of the Russian S400 missile defense system, playing havoc with weapons (F35) inter-operability, among other things.

Commenting on the likelihood that India will extract a waiver from the US for the purchase of a S400 system, Fort Russ’ Joaquin Flores suggests America’s quiet acquiescence may be the biggest news of all, indicative perhaps of a dawning realization in Washington that the sanction whip is losing its lash:

“But the real signal here is that the US is willing to publicly also disclose that a waiver is possible…that in its gambit to shore up the empire and force countries to choose Atlanticism over Multipolarity, it will not by way of hubris or over-playing, engender the very multipolarity [it] presently work[s] against.”

Flores surfaces the nub of the paradox: By waiving sanctions and allowing breakaways on a case-by-case basis, does unipolarity preserve itself by exception or compromise itself by non-inclusion? A contrary beast, this unipolarity.

First of all, absolute power is an unnatural configuration if it isn’t a fairy tale altogether. Kenneth Waltz, one of the 20th century’s leading scholars on International Relations, recognized unipolarity as being among the most tenuous of international power arrangements.

Fully consummated unipolarity contends with no nemesis at the gate, no rudely apparent countervailing force with which to remind itself that power consolidation is always an asymptotic function forever falling short of omnipotence. Whereas bipolarity increases overall system stability as each power has only the other to regard warily. A vigorous checkmate ensues. Like a two-headed Cerberus, power is affixed to one mode of action.

In short, power is a distributed resource requiring a corner of contested ground upon which to construct an antithetical lever. One can calibrate power only in the context of someone else existing beyond one’s own locus of control.

Until history fully resolves itself, the ascendant antithesis must germinate in a strange province that forever looms on the frontier of the prevailing thesis. In this way, ideas inhabit their own conceptually balkanized geographies.

Is internal contradiction the ultimate empire-killer? In his 2013 essay, ‘The Inevitable Has Happened in Egypt’, Alastair Crooke surfaces a dialectical reality, in the context of that particular moment’s crisis, the Muslim Brotherhood’s massacre at the hands of Egyptian President al-Sisi. Speaking to the larger demise of the USSR and the lessons drawn, in Sunni circles, from its collapse, he observed:

One has to think Crooke intended ‘omnipotence’ instead of ‘omniscience’. Beyond that, he captures the Hegelian primacy of ideas (as opposed to the brute accouterments of tanks, planes and automobiles) as being the first-order Empire battleground.

As Flores suggests, the unipolar moment does have an antithetical nemesis. It exists, not for the moment at least, in the guise of a discrete nation-contender, but rather from amidst the inchoate forces of over-extension, hubris and internal contradiction.

One way for unipolarity to hasten its own demise is to persist in the practice of briskly escorting bad actors out of the Big Tent. At some point a critical mass of delinquent nations finds itself on the outside-looking-in; to which a new inside and fresh synthesis are baptized. The formative institutions, structures and initiatives already exist: OBOR, BRI, BRICS, AIIB, SCO.

The evolving role of the Shanghai Cooperative Organization (SCO) for example is on vivid exhibit his week with rather self-conscious pronouncements of multilateral cooperation, due no doubt to American trade frictions with key members Russia,  China and India. These are the formative orbits that can exert and accelerate gravitational tugs away from prevailing global governance models and power centers.

Left untended, yawning internal contradictions lead to a strange and strident logic rooted in self-injury and geopolitical masochism: By shooting myself in the foot, I promise you will bleed to death. A spiritual forebear? Bob Dylan with ‘it’s alright Ma, I’m only bleeding.’

Analyzed in myopic isolation, each sanction regime may indeed conform to a calculus of advantageously asymmetric bleeding. That is, Empire appears to crush each recalcitrant outlaw in serial procession.

Yet how fully considered is the cumulative effect of a dozen rocks being hurled simultaneously at a Goliath convinced of his insuperable size? Death ensues at the instigation of a thousand Davids. Perhaps the Empire’s quant-model betrays a methodological flaw in its singular regard for each battle to the exclusion of the cumulative toll of mounting departures.

Trumpism, the exuberant renewal of national self-confidence by a man who exudes it to the near-level of parody, obliquely acquiesces to the death of empire (without formally announcing it). Out of America’s re-acquaintance with itself springs a psychic reinvestment in the traditional facets of the American character, sublimated arguably since the Nixon Shock of 1970: enterprise, self-reliance, innovation and a can-do work ethic.

For those who doubt the powerful emotional and psychic ramifications of the Trump renationalization, watch this steel worker tear-up at the realization he’s been rescued from oblivion. Work is a moral calling that instills purposeful existence. Trade merely extends that calling beyond a nation’s borders. Fellow Glaswegian Adam Smith was not a Wall Street economist running balance-of-payment Excel spreadsheets for the ‘grand’ purpose of sector fund allocations. He was a moral philosopher.

The American people, most of them anyway, could have frankly gone to hell as far as the bankers were concerned. The enterprise costs (a productively idled and hollowed-out nation) proved fantastically exorbitant. No privilege accrued to the common man. Middle America became the Military Industrial Praetorian Guard hiring pool.

Recalling Major General Smedley Butler (the bold-face mine):

“War is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.”

Sanctions betray the unipolar moment’s faltering grasp. They are the unacknowledged road back from Empire to Nation. The contracting enterprise puts the best face on what can only be deemed a mutually assented to rejection. For, equally, the sanctioned nation is declining its prescribed role within the Empire playbook. Thus sanctions better resemble a divorce stemming from mutually irreconcilable differences than a unilateral flash of Empire pique.

Trump, almost certainly, is accepting of these geopolitical normalizations, which ultimately will entail the cessation of the US Dollar as reserve currency.

Hegemony is succumbing to variegation. There are other globally-aware approaches. Pope Francis’ polyhedral globalism for example combines comparative advantage with the inherent dignity of each nation’s native culture. Monoculture is a Unipolar aim. Global economies-of-scale seek to arbitrage away –to flatten– indigenous human character. Uniqueness is the lumpy stew that bedevils rote, commodity pricing.

The sanctioned nation makes a calculation that its interests are better served relinquishing the benevolent gaze of Washington. In so doing, it embarks on a path alone.

But not so alone as to be lonely. Not anymore. Other diasporees have preceded it. As will a re-nationalized America in due course.

via RSS https://ift.tt/2pTPI7O Tyler Durden

“It’s All About Space”: Trump Says Russia And China Are Ahead Of US Space Force

The US needs its own space force because China and Russia have already gotten a head start, but American ingenuity and the ability to make the “greatest rockets” in the world are right here at home, President Trump said at a rally in Richmond, Kentucky Saturday night.

Russia has already started, China has already started. They’ve got a start, but we have the greatest people in the world, we make the greatest equipment in the world, we make the greatest rockets, and missiles, and tanks, and ships in the world.” 

He said his record $700bn+ military budget that would “fully rebuild the American military” and vaunted that creation of the Space Force, first announced last June, is already underway. 

“You know it’s all about space. It’s all about space. Defense, offense, everything is going to soon be all about space,” Trump said before a packed audience in Kentucky.

Based on details from comments made by Vice President Mike Pence in August, the US Space Force is set to become the sixth branch of the Military as well as to help ensure “American dominance in space” by 2020.

Trump was echoing Pence’s prior emphasis, that moving forward on a US military space program is ultimately in response to other nations’ advances in the area. Pence had pointed out, for example, that Beijing’s People’s Liberation Army (PLA) Strategic Support Force is overseeing the developing and maintaining of the PLA’s space capabilities.

The White House previously said the above logos are up for consideration to represent what will be a sixth US military branch. via Tennessee Star

In response to President Trump’s Saturday night remarks invoking Russia as having “already started” its program, Russian state-funded media channels were quick to respond that Moscow is not seeking the militarization of space

RT News’ commentary on Trump’s statement included the following:

The key difference is in the mission statements. The Russian ‘space force’ exists to “observe space objects, detect threats to Russia in space and from space, and counter them if necessary,” launch satellites for military and dual (military plus civilian) use, obtain satellite intelligence, as well as maintaining them in working order. In short, nothing any country with reasonable satellite-launching capability, including the US, doesn’t already do.

Cartoon via Rachel Gold

Ultimately what Trump is proposing is of a different nature, seen in the following, according to RT:

What Trump wants to do with his space force is to have the ability to degrade, deny, disrupt, destroy, and manipulate adversary capabilities to protect US interests, assets, and way of life.”

When Trump first shocked the world by announcing the program on June 18, he expressly said at the beginning of his comments that “we must have American dominance in space.” And followed with: “Very importantly, I am hereby directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a Space Force as the Sixth Branch of the Armed Forces.”

But there is evidence to suggest Trump’s words about a Russian leg up in military space capabilities are accurate. Per a recent report in Axios, “Russia has had sophisticated launch systems for decades, in addition to another that tracks objects more than 30,000 miles above the Earth, according to the CSIS 2018 Space Threat Assessment.”

And further a separate February report from the Director of National Intelligence found that both China and Russia are working to develop anti-satellite weapons “that could blind or damage sensitive space-based optical sensors, such as those used for remote sensing or missile defense.”

The Pentagon and Air Force have put estimates for the new Space Force at $8 billion and $13 billion, respectively. This includes initiating a new US Space Command by the end of this year. 

But perhaps the more interesting question that remains is who will be picked by the White House to assume the title and awesome responsibility of “Commander of Space”?

via RSS https://ift.tt/2yCEAAk Tyler Durden

James Comey And The Unending Bush Torture Scandal

Authored by James Bovard via The Future of Freedom Foundation,

The vast regime of torture created by the Bush administration after the 9/11 attacks continues to haunt America. The political class and most of the media have never dealt honestly with the profound constitutional corruption that such practices inflicted. Instead, torture enablers are permitted to pirouette as heroic figures on the flimsiest evidence.

Former FBI chief James Comey is the latest beneficiary of the media’s “no fault” scoring on the torture scandal. In his media interviews for his new memoir, A Higher Loyalty: Truth, Lies, and Leadership, Comey is portraying himself as a Boy Scout who sought only to do good things. But his record is far more damning than most Americans realize.

Comey continues to use memos from his earlier government gigs to whitewash all of the abuses he sanctified. “Here I stand; I can do no other,” Comey told George W. Bush in 2004 when Bush pressured Comey, who was then Deputy Attorney General, to approve an unlawful anti-terrorist policy. Comey was quoting a line supposedly uttered by Martin Luther in 1521, when he told Emperor Charles V and an assembly of Church officials that he would not recant his sweeping criticisms of the Catholic Church.

The American Civil Liberties Union, Human Rights Watch, and other organizations did excellent reports prior to Comey’s becoming FBI chief that laid out his role in the torture scandal. Such hard facts, however, have long since vanished from the media radar screen. MSNBC host Chris Matthews recently declared, “James Comey made his bones by standing up against torture. He was a made man before Trump came along.” Washington Post columnist Fareed Zakaria, in a column declaring that Americans should be “deeply grateful” to lawyers such as Comey, declared, “The Bush administration wanted to claim that its ‘enhanced interrogation techniques’ were lawful. Comey believed they were not…. So Comey pushed back as much as he could.

Martin Luther risked death to fight against what he considered the scandalous religious practices of his time. Comey, a top Bush administration policymaker, found a safer way to oppose the worldwide secret U.S. torture regime widely considered a heresy against American values: he approved brutal practices and then wrote some memos and emails fretting about the optics.

Losing Sleep

Comey became deputy attorney general in late 2003 and “had oversight of the legal justification used to authorize” key Bush programs in the war on terror, as a Bloomberg News analysis noted. At that time, the Bush White House was pushing the Justice Department to again sign off on an array of extreme practices that had begun shortly after the 9/11 attacks. A 2002 Justice Department memo had leaked out that declared that the federal Anti-Torture Act “would be unconstitutional if it impermissibly encroached on the President’s constitutional power to conduct a military campaign.” The same Justice Department policy spurred a secret 2003 Pentagon document on interrogation policies that openly encouraged contempt for the law: “Sometimes the greater good for society will be accomplished by violating the literal language of the criminal law.”

Photos had also leaked from Abu Ghraib prison in Iraq showing the stacking of naked prisoners with bags over their heads, mock electrocution from a wire connected to a man’s penis, guard dogs on the verge of ripping into naked men, and grinning U.S. male and female soldiers celebrating the sordid degradation. Legendary investigative reporter Seymour Hersh published extracts in the New Yorker from a March 2004 report by Maj. Gen. Antonio Taguba that catalogued other U.S. interrogation abuses: “Breaking chemical lights and pouring the phosphoric liquid on detainees; pouring cold water on naked detainees; beating detainees with a broom handle and a chair; threatening male detainees with rape … sodomizing a detainee with a chemical light and perhaps a broom stick, and using military working dogs to frighten and intimidate detainees with threats of attack, and in one instance actually biting a detainee.”

The Bush administration responded to the revelations with a torrent of falsehoods, complemented by attacks on the character of critics. Bush declared, “Let me make very clear the position of my government and our country…. The values of this country are such that torture is not a part of our soul and our being.” Bush had the audacity to run for reelection as the anti-torture candidate, boasting that “for decades, Saddam tormented and tortured the people of Iraq. Because we acted, Iraq is free and a sovereign nation.” He was hammering this theme despite a confidential CIA Inspector General report warning that post–9/11 CIA interrogation methods might violate the international Convention Against Torture.

James Comey had the opportunity to condemn the outrageous practices and pledge that the Justice Department would cease providing the color of law to medieval-era abuses. Instead, Comey merely repudiated the controversial 2002 memo. Speaking to the media in a not-for-attribution session on June 22, 2004, he declared that the 2002 memo was “overbroad,” “abstract academic theory,” and “legally unnecessary.” He helped oversee crafting a new memo with different legal footing to justify the same interrogation methods.

Comey twice gave explicit approval for waterboarding, which sought to break detainees with near-drowning. This practice had been recognized as a war crime by the U.S. government since the Spanish-American War. A practice that was notorious when inflicted by the Spanish Inquisition was adopted by the CIA with the Justice Department’s blessing. (When Barack Obama nominated Comey to be FBI chief in 2013, he testified that he had belatedly recognized that waterboarding was actually torture.)

Comey wrote in his memoir that he was losing sleep over concern about Bush-administration torture polices. But losing sleep was not an option for detainees, because Comey approved sleep deprivation as an interrogation technique. Detainees could be forcibly kept awake for 180 hours until they confessed their crimes. How did that work? At Abu Ghraib, one FBI agent reported seeing a detainee “handcuffed to a railing with a nylon sack on his head and a shower curtain draped around him, being slapped by a soldier to keep him awake.” Numerous FBI agents protested the extreme interrogation methods they saw at Guantanamo and elsewhere, but their warnings were ignored.

Comey also approved “wall slamming” — which, as law professor David Cole wrote, meant that detainees could be thrown against a wall up to 30 times. Comey also signed off on the CIA’s using “interrogation” methods such as facial slaps, locking detainees in small boxes for 18 hours, and forced nudity. When the secret Comey memo approving those methods finally became public in 2009, many Americans were aghast — and relieved that the Obama administration had repudiated Bush policies.

When it came to opposing torture, Comey’s version of “Here I stand” had more loopholes than a reverse-mortgage contract. Though Comey in 2005 approved each of 13 controversial extreme interrogation methods, he objected to combining multiple methods on one detainee.

The Torture Guy

In his memoir, Comey relates that his wife told him, “Don’t be the torture guy!” Comey apparently feels that he satisfied her dictate by writing memos that opposed combining multiple extreme interrogation methods. And since the vast majority of the American media agree with him, he must be right.

Comey’s cheerleaders seem uninterested in the damning evidence that has surfaced since his time as a torture enabler in the Bush administration. In 2014, the Senate Intelligence Committee finally released a massive report on the CIA torture regime — including death resulting from hypothermia, rape-like rectal feeding of detainees, compelling detainees to stand long periods on broken legs, and dozens of cases where innocent people were pointlessly brutalized. Psychologists aided the torture regime, offering hints on how to destroy the will and resistance of prisoners. From the start, the program was protected by phalanxes of lying federal officials.

When he first campaigned for president, Barack Obama pledged to vigorously investigate the Bush torture regime for criminal violations. Instead, the Obama administration proffered one excuse after another to suppress the vast majority of the evidence, pardon all U.S. government torturers, and throttle all torture-related lawsuits. The only CIA official to go to prison for the torture scandal was courageous whistleblower John Kiriakou. Kiriakou’s fate illustrates that telling the truth is treated as the most unforgivable atrocity in Washington.

If Comey had resigned in 2004 or 2005 to protest the torture techniques he now claims to abhor, he would deserve some of the praise he is now receiving. Instead, he remained in the Bush administration but wrote an email summarizing his objections, declaring that “it was my job to protect the department and the A.G. [Attorney General] and that I could not agree to this because it was wrong.” A 2009 New York Times analysis noted that Comey and two colleagues “have largely escaped criticism [for approving torture] because they raised questions about interrogation and the law.” In Washington, writing emails is “close enough for government work” to confer sainthood.

When Comey finally exited the Justice Department in August 2005 to become a lavishly paid senior vice president for Lockheed Martin, he proclaimed in a farewell speech that protecting the Justice Department’s “reservoir” of “trust and credibility” requires “vigilance” and “an unerring commitment to truth.” But he had perpetuated policies that shattered the moral credibility of both the Justice Department and the U.S. government. He failed to heed Martin Luther’s admonition, “You are not only responsible for what you say, but also for what you do not say.”

Comey is likely to go to his grave without paying any price for his role in perpetuating appalling U.S. government abuses. It is far more important to recognize the profound danger that torture and the exoneration of torturers pose to the United States. “No free government can survive that is not based on the supremacy of the law,” is one of the mottoes chiseled into the façade of Justice Department headquarters. Unfortunately, politicians nowadays can choose which laws they obey and which laws they trample. And Americans are supposed to presume that we still have the rule of law as long as politicians and bureaucrats deny their crimes.

via RSS https://ift.tt/2yE7AaX Tyler Durden

Shocktober’s Not Over – McElligott Sees More “Rolling Minsky Moments” As “Pseudo-Stability” Unravels

Just before last week’s interest-rate driven market selloff entered its most acute phase, we cited CTA positioning data from Nomura showing that systematic funds had not yet begun the painful process of deleveraging as certain “triggers” had not yet been met. But shortly after this commentary from Nomura’s cross-asset strategist Charlie McElligott had been distributed to Nomura’s clients, the selling pressure intensified, busting through trigger levels in a way that only exacerbated what became the most intense selloff in SPX since February (and the biggest for NDX since Brexit).

With markets creeping higher again after Wednesday’s furious selloff, McElligott chimed in with an update to Nomura’s positioning models that incorporated this latest break. As of Wednesday’s close, McElligott acknowledged that the Nomura Quant Strategies CTA model was indicating that these systematic sellers had reduced down to “43% Long” from “100% Max Long” 1 week ago, resulting in an estimated $88BN in one day selling on the one day move from “97% Long”, the positioning at the start of Wednesday’s session, all the way down to “43% Long.”

Leverage

With his audience clamoring for more guidance about what, exactly, triggered the market wreck of this past week, McElligott made a brief appearance Thursday afternoon on the MacroVoices podcast, where he got “philosophical” during an interview with Erik Townsend and Patrick Ceresna, arguing that this week’s equities driven selloff actually had a deeper “macro origin.”

Again, if I’m really stepping back and talking almost more philosophically, it’s the bigger picture here is that a higher real interest rate environment is resetting term premiums. And, with that, the cost of leverage, cross-asset correlations, asset price valuation – all of these constructs built into the post-crisis quantitative easing era are now ripe to tip over.

And we’re seeing these rolling Minsky moments as the pseudo-stability of lower interest rates, flatter curves, and suppressed volatility breeds instability through the leverage. And the leverage that’s had to have been deployed on strategies over the past few years as yield was chased. And that’s what we’re coming out of right now.

As McElligott explains, the market tantrum that was apparently triggered by the return of the bear steepener trade in long-term rates during the preceding week, is ultimately a factor of the “pseudostability” that has characterized market flows during the post-GFC era. As a result, investors can expect these “rolling Minsky moments” – instances where selloffs rapidly intensify as both systemic and discretionary bids evaporate – to become increasingly common.

Charlie

Fortunately for discretionary managers struggling to meet their P&L targets, this systematic selling has mostly subsided for now, as the market rebound (which really continued on Friday) moved these funds further away from the next big deleveraging target.

So, with that 2,719 level that you spoke about, was the next deleveraging point per our projections in the S&P for the futures to close below that level. It’s not a one touch, but to close below that level would see our current S&P position break down from what went into the day as a 43% long. And, as of one week ago, that was 100% max long. If we were to have closed below 2,719 today, that would have then taken us down to just 9% net long. And would have triggered an additional selling of $57 billion S&P futures.

As an aside, McElligott explained that selling, for now, has been concentrated in the CTA universe, as risk party funds – that other favorite market scapegoat – are typically much slower to move, and thus will take more time to react to the breakdown in the equity-bond correlation.

So our model looks at windows from two weeks, to one month, to three month, to six month, to one year. And we see the different transitions and the different signals generated across those buckets for various asset classes. But when the bond equities correlation breaks down, as it is currently right now, people will jump to the risk parity side of the equation, which, per our construct, is a much slower moving vehicle.

Ours, particularly, uses a two-year window. So there is a little bit of false attribution in my mind currently within the institutional marketplace as far as trying to pin responsibility on the risk parity community, when, in my mind, the much more powerful short-term force in the market are CTAs.

Of course, any discussion of how options traders react to these vertiginous downdrafts like what happened last week would be remiss if it ignored the role played by gamma-hedging options dealers. And while JPM’s Marko Kolanovic, who failed to predict last week’s blowup, said that this type of hedging played an outsize role in the selloff, McElligott warned that dealers could crash the market if SPX were to hold below 2,750, which would leave dealers dangerously out of position.

We saw an enormous jump day over day with the S&P futures options and SPY ETF options cumulative, both delta and gamma, on the day. So SPX net delta moves down $460 billion. That’s a 0.1 percentile move since 2013. The day prior, that net delta was negative $55 billion. So just impossible, almost nine times growth over the course of the day with regards to how much delta was kicked off for sale from the options community yesterday in just SPX and SPY.

And what that means from the delta side of things is that – and this is as of yesterday’s numbers – but S&P gamma is now at $24 billion per 1% move plus or minus. And those big strikes there are 2,800 and 2,750. And I think, judging by today’s spasms where it looked like we were going to break out, and then it looked like we were going to break down, and it looked like we were going to break out, and then it looked like we were going to break down, those levels kept us pretty well pinned.

But the danger here is that, on a close below that pretty heavy open interest line of 2,750, the more we start slipping below, the further out of position the short gamma is. And the more it slips, the more you have to sell to stay hedged. And that’s always the danger of the options market.

Looking ahead, the most pressing question on every investors’ mind is whether this week’s selloff was merely another dip to buy, or the beginning of the long-awaited shift away from the QE paradigm into a pre-recessionary QT mode. For what it’s worth, McElligott is optimistic that the market could hold up a little while longer, as discretionary managers have taken the opportunity to shrink their positions over the past few weeks, sapping demand for hedges and allowing them more leeway to get back in at a better price. 

Meanwhile, the two-week blackout period for corporate buybacks is almost over. Just as it did during the Feb. 5 blowup, the evaporation of the corporate bid often contributes to more price instability. And while some corporations have managed to circumvent these rules via ASRs, once the corporate buyer returns in earnest, McElligott expects they will provide an added bulwark against the type of market chaos witnessed last week.

I want to be as black-and-white on this as possible, and totally clear. If there was going to be a period of pullback with this tape, it was going to come in this two-week window where we are at peak buyback blackout. And that is absolutely where we are right now. The vast majority of S&P sub-industry levels are at effectively 100% blackout as of this week. Now, 10B5-1 plans allow corporates to buy outside of the blackouts, but with a number of limiting factors there. The bottom line: There still is a reduction in net corporate flow.

That is a critical facilitator allowing this risk-off trade to really proliferate. And, just like February 5, this move was precipitated for macro purposes. This isn’t purely a sentiment trade. This certainly is negligibly about trade wars.

However, another looming risk is the evaporation in demand for long bonds, which sent long-term rates moving higher earlier this month. As McElligott noted, much of this selling could be attributed to a mysterious foreign trader, which begs the question: Has the PBOC stepped up liquidations of its Treasury positioning (to be sure, the yuan has continued to weaken, which suggests that any selling by China has likely been relatively muted)? And if so, is China deliberately trying to crash the US equity market?

Now, the market can go two ways. If people are really getting nervous with regards to another October volatility shock, and if people start taking chips off the table, because these stocks that have been most affected – all these momentum longs, all these gross tech stocks – if that starts bleeding into retail, then, yes, this could very well perpetuate. I do think the other angle here is that there has been a massive seller of the US long-bond contract in the market the past few weeks. And there are a number of folks fearing that it could be somebody – an entity overseas – that would really cause the fixed income world to further wobble.

If we see the long end continue to sell off and the curve continue to bear-steepen, I think all bets are off and equities could absolutely continue trading lower. I personally believe that we are seeing de-risking now. And the de-risking is actually seeing money flow back into Treasuries.

In McElligott’s view, traders trying to mitigate their exposure to equity risk should revive the bid for long-dated Treasurys. But if yields continue moving higher, all bets are off…

Listen to the interview with McElligott below. It begins at the 59 minute mark:

The podcast targeting pro finance and sophisticated investors, hosted by Hedge Fund Manager Erik Townsend

via RSS https://ift.tt/2Cep1SN Tyler Durden

Relative Scarcity Of Physical Gold Prompts Large Drawdowns From Funds, ETFs

Authored by Jesse via Jesse’s Cafe Americain blog,

“It appears that there is a dwindling and overleveraged supply heading towards an unmanageable and relentless source of demand.”

It is interesting to watch the ongoing management of physical gold holdings in the West.

Physical gold has been seeing large drawdowns from inventory during this price decline, but silver does not…

This is not due to some preference or matter of taste.   Physical gold for sale at these prices is in short supply, whereas silver is not.

Both are subject to speculative price manipulation in the paper markets.

The relentless demand from Asia is stressing the highly leveraged claims per physical ounce of gold in London and New York.

It appears that there is a dwindling and overleveraged supply heading towards an unmanageable and relentless source of demand.

The system will be maintained – until it cannot.   Although the game can be extended by a determined effort, no commodity pricing pool can last forever in the face of a stubbornly stable supply and a steady excess of off-take out of the pool, shenanigans and antics notwithstanding.

For now there around 6 ounces of paper gold allocated to each oz of physical gold in Comex repository…

Physical gold is flowing from West to East, into the markets and strong hands of Asia. 

Bye bye gold.

The eventual resolution may be quite energetic in terms of price.

via RSS https://ift.tt/2IUeIVg Tyler Durden

Trump Threatens China With More Tariffs, Does Not Seek Economic “Depression”

US equity futures dipped in the red after President Trump threatened to impose a third round of tariffs on China and warned that Chinese meddling in U.S. politics was a “bigger problem” than Russian involvement in the 2016 election.

During the same interview with CBS’s “60 Minutes”, in which Trump threatened to impose sanctions against Saudi Arabia if the Saudis are found to have killed WaPo reported Khashoggi, and which sent Saudi stock plunging, Trump said he “might,” impose a new round of tariffs on China, adding that while he has “great chemistry” with Chinese President Xi Jinping, and noting that Xi “wants to negotiate”, he doesn’t “know that that’s necessarily going to continue.” Asked if American products have become more expensive due to tariffs on China, Trump said that “so far, that hasn’t turned out to be the case.”

“They can retaliate, but they can’t, they don’t have enough ammunition to retaliate,” Trump says, “We do $100 billion with them. They do $531 billion with us.”

Trump was also asked if he wants to push China’s economy into a depression to which the US president said “no” before comparing the country’s stock-market losses since the tariffs first launched to those in 1929, the start of the Great Depression in the U.S.

“I want them to negotiate a fair deal with us. I want them to open their markets like our markets are open,” Trump said in the interview that aired Sunday. So far, the U.S. has imposed three rounds of tariffs on Chinese imports totaling $250 billion, prompting China to retaliate against U.S. products. The president previously has threatened to hit virtually all Chinese imports with duties.

Asked about his relationship with Vladimir Putin and the Kremlin’s alleged efforts to influence the 2016 presidential election, Trump quickly turned back to China. “They meddled,” he said of Russia, “but I think China meddled too.”

“I think China meddled also. And I think, frankly, China … is a bigger problem,” Trump said, as interviewer Lesley Stahl interrupted him for “diverting” from a discussion of Russia.

Shortly before an audacious speech by Mike Pence last weekend, in which the US vice president effectively declared a new cold war on Beijing (see “Russell Napier: Mike Pence Announces Cold War II“), Trump made similar accusations during a speech at the United Nations last month, which his aides substantiated by pointing to long-term Chinese influence campaigns and an advertising section in the Des Moines Register warning farmers about the potential effects of Trump’s tariffs.

Meanwhile, in a rare U.S. television appearance, China’s ambassador to the U.S. said Beijing has no choice but to respond to what he described as a trade war started by the U.S.

“We never wanted a trade war, but if somebody started a trade war against us, we have to respond and defend our own interests,” said China’s Ambassador Cui Tiankai.

Cui also dismissed as “groundless” the abovementioned suggestion by Vice President Mike Pence that China has orchestrated an effort to meddle in U.S. domestic affairs. Pence escalated the rhetoric in a speech Oct. 4, saying Beijing has created a “a whole-of-government approach” to sway American public opinion, including spies, tariffs, coercive measures and a propaganda campaign.

Pence’s comments were some of the most critical about China by a high-ranking U.S. official in recent memory. Secretary of State Michael Pompeo got a lecture when he visited Beijing days later, about U.S. actions that were termed “completely out of line.” The tough words followed months of increases tit-for-tat tariffs imposed by Washington and Beijing that have ballooned to cover hundreds of billions of dollars in bilateral trade.

During a recent interview with National Public Radio, Cui said the U.S. has “not sufficiently” dealt in good faith with the Chinese on trade matters, saying “the U.S. position keeps changing all the time so we don’t know exactly what the U.S. would want as priorities.”

Meanwhile, White House economic director Larry Kudlow said on “Fox News Sunday” that President Donald Trump and Chinese President Xi Jinping will “probably meet” at the G-20 summit in Buenos Aires in late November. “There’s plans and discussions and agendas” being discussed, he said. So far, talks with China on trade have been “unsatisfactory,” Kudlow said. “We’ve made our asks” on allegations of intellectual property theft and forced technology transfers, he added. “We have to have reciprocity.”

Addressing the upcoming meeting, Cui said he was present at two previous meetings of Xi and Trump, and that top-level communication “played a key role, an irreplaceable role, in guiding the relationship forward.” Despite current tensions the two have a “good working relationship,” he said.

* * *

Separately, CBS interviewer Stahl tried to get Trump to commit to not firing special counsel Robert Mueller, who’s leading the investigation into Russian interference in the 2016 presidential campaign. Trump refused to do so, telling her: “I don’t pledge anything. But I will tell you, I have no intention of doing that. I think it’s a very unfair investigation because there was no collusion of any kind.”

Switching to other topics, during his discussion of Brett Kavanaugh’s confirmation to the Supreme Court, Trump took credit for getting his nomination through the Senate around Christine Blasey Ford’s allegations that the judge tried to sexually assault her when they were in high school.

Finally, as Bloomberg notes, the president left the door open to reviving the practice of separating migrant parents and their children at the Mexican border, something the Washington Post reported last week was under consideration within the administration: “There have to be consequences … for coming into our country illegally,” he said, arguing that “part of the reason, I have to blame myself, the economy is so strong that everybody wants to come into the United States.”

Pressed again, he added: “You can’t say yes or no. What I can say is this: There are consequences from coming into a country, namely our country, illegally.”

via RSS https://ift.tt/2PArbjy Tyler Durden

Hedge Fund CIO: “Some See Parallels Between Today And The Late-1930s, Which Led To World War II”

Submitted by Eric Peters of One River Asset Management

The future is unknowable. Yet never has capital been so concentrated in strategies that depend on the future closely resembling the past. The most dominant of these strategies requires bonds to rally when stocks fall. For decades, both rose inexorably. And a new array of increasingly complex and illiquid strategies depends on a jump in volatility to be followed by a rapid decline of equal magnitude. They appear uncorrelated until they are not.

Virtually every investment portfolio measures risk by utilizing some combination of volatility and correlation, both of which are backward-looking and low. But the present is knowable. The past too. And the multi-decade trends that carried us to today produced levels of inequality rarely seen.

Low levels of inflation, growth, productivity, and volatility are features of this cycle’s increasingly unequal distribution. But cycle extremes produce pressures that reverse their direction.

On cue, an anti-establishment political wave washed away the globalists, with promises to turn the tide. Such change is nothing new, just another loop around the sun.

Now signs of a cycle swing abound; shifting trade agreements, global supply chains, military dynamics, immigration, wage pressures, polarization, nationalism, tribalism.

To an observer, it’s neither right nor wrong, it simply is. Some see parallels between today and the late-1930s, which led to World War II. We also see parallels with the mid-1960s, which led to The Great Inflation.

What comes next is sure to look different still. But investment strategies that prospered from the past decade’s low inflation, growth, productivity and volatility will face headwinds as this cycle turns.

Those strategies that suffered should enjoy tailwinds. That’s how cycles work. And we know the 1940s was a strong decade for Trend performance. The 1970s was the best decade for Trend in 150yrs. And following cycle turns in both the 1930s and 1960s, the world became a profoundly volatile place. 

* * *

And, as a bonus, here are three observations from Peters on what he calls “Groundhog Day”

“Starting in the mid-1960s several significant policy changes, made in the context of a belief that inflation wasn’t a concern, all but caused the outcome that was considered impossible,” wrote Lindsay Politi in her latest thought piece. “The first proximate catalyst to the great inflation was the Tax Reduction Act of 1964. At the time, it was the largest tax cut in American history. The Act slashed income taxes, especially on higher income households, by reducing income taxes by 20% across the board in addition to reducing corporate rates. The expectation was that the tax cut would ultimately increase total tax revenue by lowering unemployment, increasing consumption, and increasing the incentive for companies to invest and modernize their capital stock. The tax cut did increase growth, but it also pushed unemployment very low, to one of the only sustained periods of unemployment below 4% in the post war period.”

“The 2nd policy change was how employment was considered,” continued Lindsay. “In the mid-1960s, there was concern about a cultural divide. The US social critic Michael Harrington spoke about “The Other America”: the unskilled Americans in mostly rural areas who had a “culture of poverty” and were being left behind by the post war economic boom of the 1950s. In that context the drop in the unemployment rate after the tax cut was welcome. The belief was that pushing the unemployment rate to very low levels would help transfer wealth from the prosperous urban and suburban areas to “The Other America.” They thought that, while very low unemployment might increase inflation, the increase would only be modest, and the social benefits of modestly higher inflation and lower unemployment were desirable. At the time, there wasn’t a uniform theory for the relationship between inflation and unemployment, so when inflation started to increase with very low unemployment rates it wasn’t a concern.”

“A 3rd proximate cause of The Great Inflation was the failure to appreciate a significant, structural productivity decline. Capital deepening for WWII and the Korean War had boosted productivity. However, much lower peacetime capital spending had caused productivity growth to slow. Despite the relative lack of capital spending, productivity declines were generally dismissed. It became clear at the end of the 1960s into the early 1970s that inflation has a self-reinforcing trend. Stability in inflation can reinforce stability, but acceleration also reinforces acceleration. As inflation increases, all else equal, it lowers real interest rates which stimulates growth, creating higher inflation. It’s part of why anchored inflation expectations are so critical to inflation staying low, but also why expectations of higher inflation can be hard to fight.”

For the full thought piece: Lessons from the Origins of The Great Inflation for Today – What the mid-1960s Can Teach Us About Trading Current Markets

 

via RSS https://ift.tt/2A9YtRk Tyler Durden

Internet Censorship Just Took An Unprecedented Leap Forward, And Hardly Anyone Noticed

Authored by Cailtin Johnstone via Medium.com,

While most indie media was focused on debating the way people talk about Kanye West and the disappearance of Saudi journalist Jamal Khashoggi, an unprecedented escalation in internet censorship took place which threatens everything we all care about. It received frighteningly little attention.

After a massive purge of hundreds of politically oriented pages and personal accounts for “inauthentic behavior”, Facebook rightly received a fair amount of criticism for the nebulous and hotly disputed basis for that action. What received relatively little attention was the far more ominous step which was taken next: within hours of being purged from Facebook, multiple anti-establishment alternative media sites had their accounts completely removed from Twitter as well.

As of this writing I am aware of three large alternative media outlets which were expelled from both platforms at almost the same time: Anti-Media, the Free Thought Project, and Police the Police, all of whom had millions of followers on Facebook. Both the Editor-in-Chief of Anti-Media and its Chief Creative Officer were also banned by Twitter, and are being kept from having any new accounts on that site as well.

“I unfortunately always felt the day would come when alternative media would be scrubbed from major social media sites,” Anti-Media’s Chief Creative Officer S.M. Gibson said in a statement to me. “Because of that I prepared by having backup accounts years ago. The fact that those accounts, as well as 3 accounts from individuals associated with Anti-Media were banned without warning and without any reason offered by either platform makes me believe this purge was certainly orchestrated by someone. Who that is I have no idea, but this attack on information was much more concise and methodical in silencing truth than most realize or is being reported.”

It is now clear that there is either (A) some degree of communication/coordination between Twitter and Facebook about their respective censorship practices, or (B) information being given to both Twitter and Facebook by another party regarding targets for censorship. Either way, it means that there is now some some mechanism in place linking the censorship of dissident voices across multiple platforms. We are beginning to see smaller anti-establishment alternative media outlets cut off from their audiences by the same sort of coordinated cross-platform silencing we first witnessed with Alex Jones in August.

This is about as acute a threat to our ability to network and share information with each other as anything you could possibly imagine. If new media outlets are beginning to silence dissident voices together in unison, that means we can see entire alternative media outlets not just partially silenced but thoroughly silenced, their ability to grow their audiences and get information out to heavily populated parts of the internet completely crippled.

This is huge, this is dangerous, and this is being under-reported. When I was removed from Twitter in August for “abusing” John McCain, there was a large and outraged uproar on Twitter, and my account was quickly restored with an apology. And I’m really grateful for that, but the phenomenon of multiple high-profile alternative media outlets suddenly being silenced in unison by the two biggest social media platforms should be generating more outrage than some ornery Australian blogger losing her Twitter account, not less. This should be the top story in alternative media, because it affects us all.

Any time you try to talk about how internet censorship threatens our ability to get the jackboot of oligarchy off our necks you’ll always get some guy in your face who’s read one Ayn Rand book and thinks he knows everything, saying things like “Facebook is a private company! It can do whatever it wants!” Is it now? Has not Facebook been inviting US government-funded groups to help regulate its operations, vowing on the Senate floor to do more to facilitate the interests of the US government, deleting accounts at the direction of the US and Israeli governments, and handing the guidance of its censorship behavior over to the Atlantic Council, which receives funding from the US government, the EU, NATO and Gulf states? How “private” is that? Facebook is a deeply government-entrenched corporation, and Facebook censorship is just what government censorship looks like in a corporatist system of government.

Speaking of the Atlantic Council, it recently published a very interesting 21-page document about a US military conference detailing, in present tense, how Silicon Valley tech giants are being used to nullify the threat that the new media landscape poses to the US power establishment.

Of this document, World Socialist Website writes the following:

Enter the social media companies. The best mechanism for suppressing oppositional viewpoints and promoting pro-government narratives is the private sector, in particular “technology giants, including Facebook, Google, YouTube, and Twitter,” which can “determine what people see and do not see.”

Watts adds, “Fortunately, shifts in the policies of social media platforms such as Facebook have had significant impact on the type and quality of the content that is broadcast.”

The private sector, therefore, must do the dirty work of the government, because government propaganda is viewed with suspicion by the population. “Business and the private sector may not naturally understand the role they play in combating disinformation, but theirs is one of the most important…. In the West at least, they have been thrust into a central role due to the general public’s increased trust in them as institutions.”

The best way to deal with a manipulative sociopath is to point and make a lot of noise every time they do something weird and creepy. The more you let them abuse you in private, the more they can rope you in and get you playing along with their sick agendas. If you notice them doing something weird, the best way to nullify all the tools in their wicked little toolbox is to point and yell “Hey! What are you doing?? Why are you doing that? That’s weird!” Get people looking, because such beasts can’t advance their manipulations with a lot of critical eyes on them.

Propaganda and censorship operates very much the same way. If you are unfamiliar with the concept of the Streisand effect, I encourage you to begin to acquaint yourself with it. Named for an incident in which Barbra Streisand attempted to suppress online photographs of her Malibu residence and thereby inadvertently drew far more attention to them, the Streisand effect describes the way attempts to hide and censor information can be used to draw more attention to it if the coverup attracts the interest of the public eye. Every censor needs to prevent this from happening in order to do their job effectively; if it looks like removing something from public view would draw more attention to it, then they cannot practice censorship in that case.

So let’s Streisand this thing up, hey? Let’s make a big angry noise about this new cross-platform escalation in internet censorship, and let’s make a big angry noise any time anyone makes a move to silence dissident political speech in the new media environment. Manipulators can only function in darkness, so let’s never give them any. Anything they try, we need to make a ton of noise about it. That by itself would be throwing an enormous stumbling block in their path while we find new ways to clear a path for more and more networking and information sharing. These bastards have controlled the narrative for too long.

*  *  *

Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for my website, which will get you an email notification for everything I publish. My articles are entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, checking out mypodcast, throwing some money into my hat on Patreon or Paypal,buying my new book Rogue Nation: Psychonautical Adventures With Caitlin Johnstone, or my previous book Woke: A Field Guide for Utopia Preppers.

Bitcoin donations:1Ac7PCQXoQoLA9Sh8fhAgiU3PHA2EX5Zm2

via RSS https://ift.tt/2EkecBf Tyler Durden

Syria, Israel To Reopen Golan Heights Crossing On Monday: Haley

The Golan Heights Crossing will be reopened to the public on Monday, the U.S. Ambassador to the U.N. Nikki Haley said this weekend, Al Masdar News reports

According to Haley, opening the long contested crossing by Syria and Israel “will allow U.N. peacekeepers to step up their efforts to prevent hostilities in the Golan Heights region.”

The announcement is but the latest sign that the seven-year long proxy war is now winding down and stability is fast returning to many war-torn parts of the country as most of sovereign Syrian soil is back under government control.

Earlier this month, the Russian Ministry of Defense mediated between Syria and Israel to reopen the Quneitra Crossing into the occupied areas of the Golan Heights region. The Golan Heights Crossing was closed in 2014 after the Free Syrian Army (FSA) and Jabhat Al-Nusra captured Quneitra City and much of the territory around the provincial capital.

The United Nations Disengagement Observer Force (UNDOF) has overseen the monitoring of a demilitarized zone established in 1974 between the Israeli-occupied Golan and the Syrian sector, but the UNDOF withdrew when in recent years fighting connected to the war in Syria spilled into the Golan. 

Further as part of her weekend comments, Haley said, “We look to both Israel and Syria to provide U.N. peacekeepers the access they need as well as assurances of their safety. We also call on Syria to take the necessary steps so UNDOF can safely and effectively deploy and patrol without interference.”

Haley’s implicit blame that operations could be disrupted on forces loyal to Damascus, however, are deeply ironic and contradict the facts that the UNDOF only withdrew after anti-Assad “rebels” entered the area, including Al-Qaeda terrorists, which later set the Quneitra crossing on fire after the Syrian Army advanced into the area

She also called on both sides to adhere to the 1974 Golan ceasefire agreement and “keep any military forces other than UN peacekeepers out of the area.”

The post acts as the only crossing between Syrian territories and the Israeli-occupied Golan Heights, and was formerly run by the United Nations Disengagement Observer Force (UNDOF) before Al-Qaeda forces had taken over the Syrian side for the past years of years of the war. There is over a mile in distance between the Syrian and Israeli sides of the crossing. 

According to a 2017 Wall Street Journal report Israel and Saudi Arabia had aligned to fund and supply radical groups across the Golan border from the opening years of the conflict. The WSJ had confirmed the already “open secret” of “Israel supplying Syrian rebels near its border with cash as well as food, fuel and medical supplies for years, a secret engagement in the enemy country’s civil war aimed at carving out a buffer zone populated by friendly forces.”

via RSS https://ift.tt/2A9RnMP Tyler Durden

Why Used-Car Prices Are Plunging

Authored by Daniel Ruiz via BlindersOffResearch.com,

We have been testing the upper limits of used vehicle pricing (and new) all year. I think we have finally reached a point where the consumer has started rejecting higher prices (used vehicles for now). There were a couple of events last month that raised concern ahead of the most recent used car and truck CPI report:

1. Used vehicle inventory started rising rapidly in September after declining for most of the year.

2. There was a significant drop in used vehicle values during the last week of September.

The sudden increase in used vehicle inventory is a strong signal that the rate of sale has slowed due to price increases that consumers are not willing to absorb. Most retail dealers have a rigid 60-day cut off for used vehicle inventory. As a vehicle nears the 60-day mark, the dealer is forced to heavily discount that vehicle or face an even greater loss by disposing of it through wholesale auction (60 days of depreciation, reconditioning expense, transportation and auction fees). This is also likely related to the sharp drop in used vehicle values during week 4 of September as retail dealers returned to auction and adjusted their bids after realizing the vehicles they previously purchased did not sell at the prices they anticipated.

New and used inventory levels are still showing a draw YTD, but the rate of change is concerning. I am completely convinced that the strength we’ve seen in both new vehicle volume and pricing this year is due in large part to the incredibly strong performance in used vehicle values. If the recent trend in used vehicle values changes, things could get ugly and FAST!

Additionally, take note of the dip in time to equity from 2006-2007 and how similar it is to the dip in 2018. It took this year’s used vehicle appreciation  in order to offset the consistent increase in loan terms since 2009. If used vehicle values roll over, we have the same exact setup that led to the spike in time to equity from 2007-2008.

I would take the drop in used car and truck CPI as a serious warning with larger implications to come. I am still confident in Q3 earnings for manufacturers, retail dealers and rental car companies but would proceed with caution going forward.

via RSS https://ift.tt/2AbmqaX Tyler Durden