Is Afghanistan A Lost Cause?

Authored by Patrick Buchanan via Buchanan.org,

“We are there and we are committed” was the regular retort of Secretary of State Dean Rusk during the war in Vietnam.

Whatever you may think of our decision to go in, Rusk was saying, if we walk away, the United States loses the first war in its history, with all that means for Southeast Asia and America’s position in the world.

We face a similar moment of decision.

Wednesday, a truck bomb exploded near the diplomatic quarter of Kabul, killing 90 and wounding 460. So terrible was the atrocity that the Taliban denied complicity. It is believed to have been the work of the Haqqani network.

This “horrific and shameful attack demonstrates these terrorists’ compete disregard for human life and their nihilistic opposition to the dream of a peaceful future for Afghanistan,” said Hugo Llordens, a U.S. diplomat in Kabul.

The message the truck bombers sent to the Afghan people? Not even in the heart of this capital can your government keep civilian workers and its own employees safe.

Message to America: After investing hundreds of billions and 2,000 U.S. lives in the 15 years since 9/11, we are further from victory than we have ever been.

President Obama, believing Afghanistan was the right war, and Iraq the wrong war, ramped up the U.S. presence in 2011 to 100,000 troops. His plan: Cripple the Taliban, train the Afghan army and security forces, stabilize the government, and withdraw American forces by the end of his second term.

Obama fell short, leaving President Trump with 8,500 U.S. troops in Afghanistan, and Kabul’s control more tenuous than ever. The Taliban hold more territory and are active in more provinces than they have been since being driven from power in 2001. And Afghan forces are suffering casualties at the highest rate of the war.

Stated starkly, the war in Afghanistan is slowly being lost.

Indeed, Trump has inherited what seems to be an unwinnable war, if he is not prepared to send a new U.S. army to block the Taliban from taking power. And it is hard to believe that the American people would approve of any large reintroduction of U.S. forces.

The U.S. commander there, Gen. John Nicholson, has requested at least 3,000 more U.S. troops to train the Afghan army and stabilize the country while seeking a negotiated end to the war.

Trump’s conundrum: 3,000 or 5,000 more U.S. troops can at best help the Afghan security forces sustain the present stalemate.

But if we could not defeat the Taliban with 100,000 U.S. troops in country in 2011, we are not going to defeat a stronger Taliban with a U.S. force one-seventh of that size. And if a guerrilla army does not lose, it wins.

Yet it is hard to see how Trump can refuse to send more troops. If he says we have invested enough blood and treasure, the handwriting will be on the wall. Reports that both Russia and Iran are already talking to the Taliban suggest that they see a Taliban takeover as inevitable.

Should Trump announce any timetable for withdrawal, it would send shock waves through the Afghan government, army and society.

Any awareness that their great superpower ally was departing, now or soon, or refusing to invest more after 15 years, would be a psychological blow from which President Ashraf Ghani’s government might not recover.

What would a Taliban victory mean?

The Afghan people, especially those who cast their lot with us, could undergo something like what befell the South Vietnamese and Cambodians in 1975. It would be a defeat for us almost as far-reaching as was the defeat for the Soviet Union, when the Red Army was forced to pull out after a decade of war in the 1980s.

For the USSR, that Afghan defeat proved a near-fatal blow.

And if we pulled up stakes and departed, the exodus from Afghanistan would be huge and we would face a moral crisis of how many refugees we would accept, and how many we would leave behind to their fate.

Fifteen years ago, some of us argued that an attempt to remake Afghanistan and Iraq in our image was utopian folly, almost certain, given the history and culture of the entire region, to fail.

Yet we plunged in.

In 2001, it was Afghanistan. In 2003, we invaded and occupied Iraq. Then we attacked Libya and ousted Gadhafi. Then we intervened in Syria. Then we backed the Saudi war to crush the Houthi rebels in Yemen.

Given the trillions sunk and lost, and the hundreds of thousands, if not millions, dead, how have we benefited ourselves, or these peoples?

As Rusk said, “We are there and we are committed.”

And the inevitable departure of the United States from the Middle East, which is coming, just as the British, French and Soviet empires had to depart, will likely do lasting damage to the American soul.

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Dis-United States – Billionaire Bloomberg Builds Coalition Of States To Combat Climate Change

Billionaire, and former New York City Mayor, Michael Bloomberg would like for you to know that, despite Trump’s decision to withdraw from the Paris Climate agreement, he’s absolutely intent upon imposing the environmental ‘tax’ contemplated in the agreement on you anyway. As such, he’s developing a coalition of U.S. states, cities and business leaders to defy the President’s decision and comply with the terms of the original deal.

Billionaire philanthropist and businessman Michael Bloomberg is defying President Trump’s decision to exit the Paris climate change agreement, saying he is rallying a bipartisan coalition of states, cities and business leaders to meet the climate pact’s targets even as the president rescinds the nation’s commitment to it.

 

“Americans are not walking away from the Paris Climate Agreement,” Bloomberg said on Thursday. “Just the opposite — we are forging ahead. Mayors, governors, and business leaders from both political parties are signing on to to a statement of support that we will submit to the U.N. — and together, we will reach the emission reduction goals the United States made in Paris in 2015.”

 

Bloomberg’s philanthropic groups, in partnership with others, is also making a $15 million contribution to fund the U.N.’s climate secretariat, which will lose money under Trump. “Americans will honor and fulfill the Paris Agreement by leading from the bottom up — and there isn’t anything Washington can do to stop us,” Bloomberg said.

Nanny

Not surprisingly, Bloomberg’s ‘coalition’ is comprised of the snowflake states of California, New York and Washington…which should result in people moving out of those states even faster than they already are.

Bloomberg made the announcement as California, New York and Washington are forming a pact to enact policies to help meet the emission reduction targets called for under the Paris Agreement.

 

The Democratic governors’ new agreement would seek to meet the same goal of reducing emissions 26 to 28 percent from 2005 levels as the U.S. committed to under the Paris deal. Details on individual state contributions are still to be worked out.

Finally, because Bloomberg seems to live in an alternative universe where Americans consider global climate trends among their key voting priorities, we would remind him that those same Americans just elected a President who vowed repeatedly in 2016 to withdraw from the Paris climate deal and once had this to say about global warming:

“The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.”

 

So, while this may be a priority for you Mr. Bloomberg, a man who undoubtedly flies all over the world on a fleet of private jets, it’s probably safe to say that the majority of Americans, especially those living outside the safe spaces of New York, Los Angeles, San Francisco and Seattle, either don’t agree with you on climate change or simply don’t care. 

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Detroit Cracks Down Hard On Medical Marijuana

420 graffitiDetroit is cracking down hard on medical marijuana.

Ever since an onerous and highly controversial zoning ordinance went into effect in 2016, 167 of about 280 dispensaries that were operating in the Detroit have been shut down by city officials, and city lawyers say another 50 will be shuttered in the coming weeks.

The root of these closures, says Joesef White, Detroit chapter leader of the National Organization for the Reform of Marijuana Laws, is city officials drafting regulations without concern or input from those who would have to abide by the new rules.

“The cannabis community was really not that actively involved in putting that legislation together for the city of Detroit,” White said. “Ultimately what happened was that the zoning of dispensaries or cannabis related businesses was very, very restrictive.”

Indeed, to legally operate a medical marijuana dispensary in Detroit requires said dispensary be located 1,000 feet away from schools, parks, libraries, day care centers, and churches. Oh, and liquor stores. A marijuana dispensary can’t even be located within a thousand feet of another dispensary.

This has restricted dispensaries to operating in mostly inaccessible and undesirable industrial zones, White says. And that zoning is on top of licensing requirements that threaten even those businesses that have managed to stay open in undesirable industrial locations.

So far the city has licensed just five medical marijuana dispensaries, or one fully licensed dispensary for every 135,000 residents. Another 70 are operating under provisional permission while they go through the approval process, but the city of Detroit has stated they intend to have no more than 50 citywide.

The curtailment of the medical marijuana business and the promise of further crackdowns has taken a toll on patients, says Ron Jones, a local cannabis activist and member of Sons of Hemp.

“A lot of dispensaries that were open built relationships over the years with their patients.” he tells Reason. Medical marijuana has been legal statewide in Michigan since voters passed a “Compassionate Care Initiative” in 2008.

“Now,” Jones says, “by them being closed down, that kind of closes the door.”

Jones and a group of dispensary owners sued the city last year over its zoning requirements, and he is currently promoting a petition that would change the licensing requirements in the city.

More sweeping efforts at reform are also underway.

On May 5, marijuana activists submitted petition language to the state requesting a ballot initiative for full recreational marijuana legalization in the hope of getting it on the November, 2018 ballot.

Full-scale legalization could force Detroit to reform some of the current regulations on the books. Full legalization or no, however White says there is plenty of work to be done on the local level.

“What we are trying to do here,” he says “is find common ground and come together and help the local constituents and work with their elected officials to draft an ordinance that everyone can live with.”

Ultimately though White feels history is on his side.

“Regardless of what side of the argument you’re on,” White says, “this marijuana issue is going to move forward. It’s moving forward across the country.”

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Single-Payer Healthcare Moves Forward in California, India Embraces Solar, and Republicans Still Haven’t Repealed Obamacare: P.M. Links

  • TrumpkelSenate Republicans continue to shrug their shoulders at the idea of taking action on Obamacare repeal.
  • India tries desperately to catch up to the West in terrible, renewable energy policy.
  • The California State Senate passes a massive single-payer health care bill. The bill now moves on to the state assembly, but prospects of it becoming law remain uncertain.
  • Cato’s Christopher Preble says that America’s relationship with its European allies is overrated.

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HYSTERICAL BREAKDOWN: A Tear Drenched Kathy Griffin Declares “HE BROKE ME”

 

Content originally published at iBankCoin.com

 

The irony of this presser is that it was very funny, much better than her cringeworthy stand up routines. She is, without question, a talentless wench and should be ferried to Guantanamo Bay, to live and to serve, with the rest of the terrorists in our possession.

Here is Kathy Griffin, libshit superstar, ‘apologizing’ to her fans, saying “I’m not going to be collateral damage for this fool”, referring to the President. She then added the administration was using her as a ‘distraction’ and that she didn’t feel her career could recover.

Drenched in faux tears, wrinkly faced and without a spry bone in her body, Griffin declared, “I’m gonna be honest, he broke me. (introspective pause) He broke me.”

She capped off her ‘apology’ by describing how scared all of her friends are of the Giant Orange Menace in the White House, destructor of air and the environment — evil Lord ensconced in a denizen of the middle earth from which toxins are produced and readily disseminated towards impoverished parts of the Universe.


Formerly employed at CNN Fake News, Ms. Griffin sheds fake tears

Watch.

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“This Insanity Is The Surest Sign The Stock Market Buble Is Ready To Pop”

Authored by Michael Snyder via The Economic Collapse blog,

If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  And at this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point.  And when stocks do start crashing, lots of fingers are going to start pointing at President Trump, but it won’t be his faultThe Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.

Regular readers are quite familiar with my thoughts on where the market is headed, so today let me share some thoughts from five respected financial experts…

#1 When Altair Asset Management’s chief investment officer Philip Parker was asked if a market crash was coming to Australia, he said that he has “never been more certain of anything in my life”.  In fact, he is so sure that the investments that his hedge fund is managing are going to crash that a decision was made to liquidate the fund “and return ‘hundreds of millions’ of dollars to its clients”

While hardly a novel claim – in the past many have warned that Australia’s housing and stock market are massive asset bubbles (which local banks have been forced to deny as their fates are closely intertwined with asset prices even as the RBA is increasingly worried) – so far few if any have gone the distance of putting their money where their mouth was. That changed, when Australian asset manager Altair Asset Management made the extraordinary decision to liquidate its Australian shares funds and return “hundreds of millions” of dollars to its clients according to the Sydney Morning Herald, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”.

 

Giving up management and performance fees and handing back cash from investments managed by us is a seminal decision, however preserving client’s assets is what all fund managers should put before their own interests,” Philip Parker, who serves as Altair’s chairman and chief investment officer, said in a statement on Monday quoted by the SMH.

#2 Seth Klarman leads one of the biggest hedge funds in the United States, and he believes that U.S. investors are greatly underestimating the amount of risk in the market right now…

“When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted while perception of risk is very high,” Klarman wrote. “By contrast, when securities prices are high, as they are today, the perception of risk is muted, but the risks to investors are quite elevated.”

 

Klarman oversees one of the US’s largest hedge fund firms, with some $30 billion under management. He has a huge following on Wall Street — investors named his book, “Margin of Safety,” their favorite investment book in a recent SumZero survey.

#3 Bill Blain is a strategist at Mint Partners, and he is actually specifically pointing to October 12th as the date when things will start to get “horribly interesting”

But…. Catch a falling knife, why don’t you… I shall spend the summer wondering just how long the Stock Market games continue. When, not if.

 

At the moment, my prediction is October 12th. Around that day its going to get horribly interesting..

 

Why that particular day?

 

Gut feel and knowing how the Bowl of Petunias felt in Hitchhikers. (“Not again.”)

 

There are just too many contradictory currents out there. The unsustainability of burgeoning consumer debt, unfeasibly tight credit spreads, the sandcastle foundations of student loans, autos, housing and the CLO market, China, Trump, politics.. worries about what follows Brazil in the EM market, and whatever… The risks of a massive consumer sentiment dump..  

#4 David Stockman has also been warning about what may happen this fall.  According to Stockman, this current stock market bubble “is the greatest sucker’s rally we have ever seen”

The market is insanely valued right now.  They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500.  They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016.  We are at a point in the so-called recovery that has already lasted 96 months.  It’s almost the longest one in history.  What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends. When the government shows its true colors, that it’s headed for a fiscal bloodbath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all.  I mean it’s not going to happen.  They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade.  It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.

#5 Last but certainly not least, David Kranzler seems quite certain “that the stock market bubble is getting ready to pop”

Anyone happen to notice that several market commentators have argued that Bitcoin is a bubble but the same stock “experts” look the other way as the U.S. stock market becomes more overvalued by the day vs. the deteriorating underlying fundamentals? Bitcoin going “parabolic” triggers alarm bells but it’s okay if the stock price of Amazon.com Inc (NASDAQ:AMZN) is hurtling toward parity with the price of one ounce of gold. Tesla (NASDAQ:TSLA) burns a billion per year in cash. It sold 76,000 cars last year vs. 10 million worldwide for General Motors (NYSE:GM). Yet Tesla’s market cap is $51.7 billion vs. $48.8 billion for GM.

 

This insanity is the surest sign that the stock market bubble is getting ready to pop. If you read between the lines of the the comments from certain Wall Street analysts, the only justification for current valuations is “Central Bank liquidity” and “Fed support of asset values.” This is the most dangerous stage of a market top because it draws in retail “mom & pop” investors who can’t stop themselves from missing out on the next “sure thing.” There will be millions of people who are permanently damaged financially when the Fed loses control of this market. Or, as legendary “vulture” investor Asher Edelman stated on CNBC, “I don’t want to be in the market because I don’t know when the plug is going to be pulled.”

Could all of these top experts be wrong?

It’s possible, but I wouldn’t bet on it.

Every stock market bubble of this magnitude in U.S. history has ended in a spectacular crash, and this one will not be any different.  We can certainly have some good arguments about the exact timing of the next crash, but what everyone should be able to agree on is that a crash is coming.

You only make money in the stock market if you get out at the right time.  Many of those that timed things well have made a tremendous amount of money, but most investors will be entirely caught off guard by the market implosion that is rapidly approaching.

As I have explained to my readers repeatedly, markets tend to go down a whole lot faster than they go up, and in the not too distant future we are going to see trillions of dollars of investor wealth wiped out very, very quickly.

Let’s hope that the coming crisis will not be as bad as 2008, but I have a feeling that it is going to be much worse.

We didn’t learn our lessons the last time around, and so now we are going to pay a very high price for our stubbornness.

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Stocks Hit Record Highs; Shrug Off “Transitory” Covfefe In US Macro Data

So stocks looked on the bright side of life's terrible jobs data…

 

So this happened today… bad news was great news for stocks as shitty jobs data capping a dismal week for US macro sent equity markets to record highs…

 

It seems fairly clear that Risk-Parity leverage is running the show here on the back of 100s of billions of central bank dollars each month…

 

"Transitory" collapse in macro data…

 

Ugly week for 'hard' and 'soft' data… (soft data is down 6 of the last 7 weeks to six month lows)

As Bloomberg's Vince Cignarella notes, a big downside miss by the May jobs report failed to dent probabilities the Fed will hike rates in June, but slow wage growth and tempered inflation reduced odds of further hikes in 2017. While a Fed rate hike in less than two weeks appears virtually baked in, FX and fixed income traders have not fully bought in. The dollar weakened, with the JPY reaching a two-week high, and Treasuries advanced with precious metals after the data showed non-farm payrolls rose by 138,000 jobs vs estimates of 182,000; April’s figures were also revised lower by 37,000 jobs. Some of the weakness in the jobs report may have been due to difficulties adjusting the data for the end of the school year, economists said. All three major stock averages continued to advance.

All Greed, No Fear…

The short week started off slow, then exploded into a short-squeeze frenzy as US macro data tumbled…

 

Stocks hit record highs led by Utes and healthcare (not exactly 'bullish' growthy ideas) as Financials and Energy suffered…

 

VIX pressed down to 9.58 intraday lows (among the top 10 lowest prints ever)…

 

Trannies and Small Caps bounced off unchanged for the year but Nasdaq just keeps soaring…

 

Factor Tilts immediately after Trump's election are being unwound dramatically…

 

Bank stocks stumbled on the week (MS was unch but JPM, GS, and BAC all down 3-4%)…

 

as the yield curve plunged…

 

While 2Y was unch on the week, the rest of the Treasury complex surged higher in price with 30Y yields 11bps tumble the biggest weekly drop since July 2016 (right after Brexit)

 

The Treasury curve has collapsed with 2s30s at its flattest since early September (and 2s10s at its flattest since early October).

 

The Dollar Index fell to its lowest weekly close since before the election

 

EURUSD was the week's best performer (among the majors), just outperforming Yuan strength…

 

Gold rose for the 4th week in a row with some notable intraday surges…

 

Short week ended badly for WTI and RBOB… extending losses post-OPEC…

 

Finally, there's this… GBTC (Bitcoin Trust) is trading at a Bitcoin equivelent price of $5110!!! a 131% premium to NAV!!?? Borrow anyone?

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Stockman Warns Trump “Not A Snowball’s Chance In Hell Of Reaching 4% Growth”

Authored by Craig Wilson via DailyReckoning.com,

Stuart Varney, the Fox Business economic host, started out his discussion based around the presentation of Ronald Reagan’s presidency. In his initial discussion layout, Varney identified that during Reagan’s tax cut policy ranging from January 1983 until Reagan’s exit in 1989 the U.S economy grew at an annual rate of 4.8%.

When beginning his discussion with David Stockman, Varney asked about the various disagreements on what economic growth can experienced from tax cuts. Stockman directed on the 4.8% quote,

“That’s selective data. We had a massive and deep recession in 1981 and 1982. The Federal Reserve had to slam on the breaks because of double digit inflation because of President Jimmy Carter.”

“The economy then did bound back when Volcker finally got the inflation job done and took his foot off the break to allow the financial system to start expanding where tax cuts helped. Beyond that they were funded by massive deficits. We added $1.8 trillion so between the monetary ease and the massive deficits we got growth. We can’t ignore the reasons for that growth.”

When asked whether he would expect growth because of potential Trump tax cuts he urged,

“Absolutely not. There’s not a snowball's chance because it didn’t happen then. If you take 1981 to 1989 as a whole, growth was 3.4%. That’s pretty good but the same growth rate that we had from 1953 to 1980 with no change.”

 

“What we have now is an economy that is so impaired with debt, currently reaching $64 trillion, not one or two. We have a government that is so buried in deficits and debt that it couldn’t do the kind of massive deficit finance tax cuts that accidently happened under Ronald Reagan. He wanted a balanced budget. He wasn’t a Keynesian, he tripled the national debt by accident.”

When Varney pressed back that it was the Democratic party members in Congress who would not negotiate on budgetary means Stockman told a different story. He began, “As the former Budget Director I have more credibility on that than anyone else. I can tell you right now that the Republicans wouldn’t cut it either.”

“All the things that Donald Trump wants to cut today I left in the vault at OMB as failed cuts from 1981. Republican’s wouldn’t cut it.”

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Putin: “In Moscow It’s Snowing; Now We Could Blame This On American Imperialism”

Russian President Vladimir Putin said Friday during a panel at the St. Petersburg Economic Forum that the US investigations into whether the Kremlin meddled in the US election are nothing more than "hysteria," and that the anti-Russia sentiment in the US was about as virulent as anti-semitism.

“It’s like saying everything is the Jews’ fault,” said Putin, who said the blame for Hillary Clinton’s November loss lies squarely at the feet of the Democratic presidential candidate and members of her party, according to a report by Fox News.

“This reminds me of anti-Semitism,” Putin said. “The Jews are to blame for everything. An idiot cannot do anything himself, so the Jews are to blame. But we know what such attitudes lead to. They end with nothing good.”

Putin, who was being interviewed by NBC's Megyn Kelly, brushed off questions about meetings that members of the Trump campaign — including then-Sen. Jeff Sessions – had with Russian officials, including ambassador Sergey Kislyak. 

“So our ambassador met someone. That's his job. That's why we pay him,” Putin said. “So what? What's he supposed to do, hit up the bars?” Putin later described the focus on Kislyak's comments as "nonsense."

Putin turned even more combative when Kelly touched on the subject of Russian foreign news coverage spreading “disinformation.” Putin accused her “colleagues” of dragging Russia into their coverage unfavourably.

“Let’s end this,” Putin told her. “You will feel better and we will feel better.”

Donald Trump won because he had run a more effective presidential campaign than Hillary Clinton, Putin said, adding the US intelligence agencies may have faked evidence of Russian hacking, according to Reuters. Allegations of Russian involvement were nothing more than "harmful gossip," Putin insisted, there were no "Russian fingerprints" on the alleged hacks, Reuters reported.

Earlier this week, Putin denied the Russian state had directed any hacking operations designed to influence the U.S. election – though he did say Russian “patriots” could have been behind the plot on their own, Fox reported.

Following President Donald Trump's decision Thursday to take the US out of the Paris Climate Accord talks, Putin said that there's still time to reach a deal on the 2015 pact even without the US's involvement, before adding, in English, "don't worry, be happy," according to Reuters.

Despite the critism that has been heapened upon Trump by other world leaders since he announced his decision to leave the accord last night, Putin said that he "wouldn't blame Trump" for leaving the accord, though he hoped the White House would set its own climate rules. 

By the way, we should be grateful to President Trump. In Moscow it’s raining and cold and even, they say, some snow. Now we could blame this all on American imperialism, that it’s all their fault. But we won’t.

And though he said he hopes that US sanctions against Russia would soon be lifted, he noted that they did have some positive effects. "We had to use our brains," Putin said. "Not rely on oil and gas dollars."

Allegations of collusion between the Trump campaign and the Kremlin have dogged the new administration since before the inauguration. In recent weeks, US media have taken aim at Trump's son-in-law Jared Kushner, whom NBC and WaPo reported was a “person of interest” in the FBI’ campaign.

As a reminder, Kelly is set to interview Putin in St. Petersburg Friday for a Sunday night special that will air on NBC.

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Bjorn Lomborg: The U.S. Was Right to Withdraw From the Paris Climate Accord [Reason Podcast]

“The two things you need to know about the Paris agreement are, one, it is not going to do very much to tackle climate [change]…and it is incredibly costly.” So says Bjorn Lomborg, the president of the Copenhagen Consensus Center and author of The Skeptical Environmentalist. Make no mistake, the Danish scientist believes climate change is happening and that human activity is the main cause. But as Lomborg stressed during an interview with Reason’s Nick Gillespie, the Kyoto-Paris approach is a terrible way to tackle the problem and the US was right to withdraw from the treaty.

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